News China15 May 2020

UK's Prudential shows impact of COVID-19 on China business

15 May 2020

UK insurance giant Prudential said yesterday that in the first quarter of this year, its Asia annual premium equivalent (APE) sales outside Hong Kong and China were up by 1% to $544m while total Asia APE sales were down by 24% compared to the corresponding quarter in 2019. Overall APE sales in Asia were $986m in 1Q2020.

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