Fitch Ratings has affirmed Prudential at ‘A+’ and insurer financial strength rating at ‘AA’. The outlook on the group is stable.
The affirmation reflects Prudential’s very strong and resilient capital position, operational scale and strong business position in the UK. Prudential has strong cash generation and a strategy focused on high-margin products with short payback periods.
Prudential has the joint-highest insurer financial strength rating among European insurance groups. Its ratings continue to reflect its excellent capitalisation and profitability, and its geographical diversification with particularly strong market positions across Asia.
Life insurance news: 31 May 2011