Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Insurer Prudential says M&GPrudential's cost savings on track

Insurer Prudential says M&GPrudential's cost savings on track
The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. REUTERS/Simon Dawson -
Euronews logo
Text size Aa Aa

(Reuters) – Britain’s biggest insurer Prudential Plc <PRU.L> said on Wednesday that investments in M&GPrudential was on track to deliver an annual cost savings of about 145 million pounds ($182.22 million) by 2022.

M&GPrudential was formed in 2017 by the merger of asset manager M&G and Prudential’s UK and Europe insurance operations.

“Profitable growth prospects for M&GPrudential are substantial,” Prudential said in a statement ahead of M&GPrudential’s investor and analyst conference.

($1 = 0.7957 pounds)

(Reporting by Sangameswaran S in Bengaluru)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.