(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)