This is our first report on Prudential, a major provider of life and health insurance. Prudential had a very strong quarter with 19% sales growth. The early indications are promising for the MCV category. Yet it’s encouraging to note that 58% of the MCV are brand-new to Prudential in the first two months. APE increased 44% due to strong momentum in the agency channel. Moreover, Banca experienced rapid development. Prudential Financial, Inc. is focusing on improving its earnings by implementing cost-saving measures, increasing exposure to emerging markets, and expanding its product offerings and distribution networks. Despite slower revenue recognition in the life insurance market, the company has been witnessing strong cash flows and returned over $800 million to shareholders in the latest quarter. The company also has a dividend of around 6%, which is attractive to investors in the current inflationary environment. We initiate coverage on the stock of Prudential with a ‘Hold’ rating.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
Want unlimited access to our reports? Purchase our $99 annual subscription!