U.K.'s Prudential Sales Lifted by Asia
LONDON (
) --
Prudential Plc
(PUK) - Get Report
, the largest insurer in the U.K., said third-quarter group sales rose 17% on the back of "robust" growth in Asia.
The U.K.'s Prudential, which isn't affiliated with Newark, N.J.-based
Prudential Financial
(PRU) - Get Report
, said group sales in the quarter were 809 million pounds ($1.29 billion), up from 689 million pounds a year earlier.
Analysts surveyed by Thomson Reuters expected the insurance company to post sales of 773 million pounds.
Prudential said sales in Asia rose 25% to 353 million pounds in the third quarter. U.S. revenue rose 16% to 290 million pounds.
Prudential Plc lost out in its attempt to buy
American International Group's
(AIG) - Get Report
Asian life unit for $35.5 billion this summer after shareholders disagreed with the price.
-- Written by Joseph Woelfel
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