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Prudential PLC ADR PUK

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Alleviating Some Evergrande Concerns

Analyst Note

| Henry Heathfield, CFA |

With Evergrande outlining that it will make its interest payment tomorrow, we thought it was worth writing a note that attempted to outline what we felt might be the largest European insurance exposures. We essentially think that Ageas, Prudential and Swiss Re are probably are most likely to have the largest real estate exposure within China. However, we don’t change any fair value estimates as a result of this preliminary investigation and needless to say we think any potential impacts are minimal. We also maintain our no moat ratings across these three companies.

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Company Profile

Business Description

Prudential is an Asia and Africa health and long-term savings and life insurance-focused business.

Contact
1 Angel Court
London, EC2R 7AG, United Kingdom
T +44 2072207588
Sector Financial Services
Industry Insurance - Life
Most Recent Earnings Dec 31, 2007
Fiscal Year End Dec 31, 2021
Stock Type
Employees 17,256

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