Strategic Expansion and Growth slide image

Strategic Expansion and Growth

Asia Clear strategic priorities and quality execution in HY20 Strategic priorities Enhance the core • Leader in banca¹ – enhanced with TMB banca agreement; access to >19,000 bank branches . 90% of products capable of virtual sales; 38% of agency cases sold virtually in 2Q • Agent management moving online, supporting +7% increase in agent recruits² Create best-in-class health capability • Pulse by Prudential: 8.1m downloads³ vs 0.5m at the start of the year • 1.7m digital policies³ sold through Pulse and partners • 7 markets with higher H&P mix led by India, Singapore and Thailand PRUworks (SME insurance proposition) driving group sales +20%4 Accelerate Eastspring Expand presence in China . Resilient Asia life flows driving internal FUM +15% to $122bn7 • China WFOE's total sourced/sub-advised FUM of RMB2.8bn • Operating profit +10%4 supported by stringent cost management • 20 branches with presence in 97 cities (+3) and 234 sales outlets (+5) 5 • APE +20% in 2Q with all channels growing; GWP6 +33% in 2Q outgrowing sector >2x Total (life) assets grew 35% to $17bn; no. of customers4 +12% to 1.6m T PRUDENTIAL Data as of HY2020 unless stated otherwise. 1. By access to bank branches 2. Excluding India, vs HY19 3. As of 05 August 2020 4. Year-on-year growth on a constant exchange rate basis 5. Increase compared to yearend 2019 6. GWP = Gross written premium. Source: CBIRC 7. Growth rate based on re-presenting the half year 2019 comparatives to show the $24.9 billion of funds managed on behalf of M&G plc as external rather than internal funds under management to align to the presentation since the demerger in October 2019 17
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