Andrew Crean's questions to PRUDENTIAL (PUK) leadership • Q1 2023
Question
Probed further on the calculation of excess capital, the potential scale of M&A, the likelihood of buying out JV partners, and plans for Traditional Embedded Value (TEV) reporting.
Answer
The CFO confirmed the analyst's math on deployable capital was "broadly right." The size of inorganic deals depends on the opportunity, but they have the capital strength. Buying out JV partners in China and India is not a near-term focus; the priority is organic growth with them. Regarding TEV, the CFO acknowledged the request but noted the current focus is on IFRS 17 and driving operational performance, though they remain open-minded.