Prudential’s first-half profit misses the mark as UK insurer’s investment losses quadruple
Prudential’s interim results missed market estimates after a valuation loss in its investment portfolio drove the UK insurer to an unexpected plunge on its bottom line. Net profit fell 87 per cent from last year to US$120 million in the first six months of 2024 after deducting a short-term investment loss of US$1.08 billion, in