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  • Rank74
  • Previous Rank95
  • CEO
    Michael A. Wells
  • Address
    12 Arthur St., London EC4R 9AQ
  • Websitehttp://www.prudential.co.uk
  • Industry
    Insurance: Life, Health (stock)

Mike Wells, the new CEO of U.K. insurer Prudential, says he plans to continue his predecessor’s strategy and pursue growth in emerging markets. The tenure of former CEO Tidjane Thiam, who was hired away by Credit Suisse in early 2015, was generally considered a success. But Prudential has been tripped up by changes in pension rules in the U.K. In the U.S., where the company sells variable annuities, profits have fallen as well. The company has recently performed well in Asia, where profits have grown for over 20 consecutive quarters.

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Company Information

CEO
Michael A. Wells
Industry
Insurance: Life, Health (stock)
Sector
Financials
HQ Location
London, Britain
Websitehttp://www.prudential.co.uk
Years on List20
Figures prepared in accordance with International Accounting Standards.

Key Financials (last fiscal year)

($ Millions)% change
Revenues98,976.720.9%
Profits3,647.973.4%
Assets575,622.1-
Employees18,604-

Profits as a % of

Profit as % of Revenues3.7%
Profits as % of Assets0.6%
Profits as % of Stockholder Equity19.8%