Prudential (PUK) Q4 2022 Earnings Call Transcript

For the period ending December 31, 2022

March 15, 2023 5:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Patrick Bowes

Good afternoon from Hong Kong. Could I please first ask that you turn off your phones and any other mobile devices that may make a noise? But welcome. This is the Prudential's 2022 Full Year Q&A session and we're very pleased to see you all. I'd like to hand over to you now to Anil, our new Chief Executive Officer, who's got some opening remarks. And then we'll go to questions from the floor, from the phones and then from the webcast.

So, Anil, over to you.

Anil Wadhwani

Thank you, Patrick, and good evening to everyone in the room and good morning, good evening for folks who are joining us remotely. I'm Anil Wadhwani, Chief Executive Officer of Prudential plc. And it indeed is a pleasure to welcome all of you to our full year 2022 earnings call.

I'm truly excited to be part of Prudential plc. And I've known Prudential as a competitor and I've always admired Prudential, because I have competed with them in every single market that Prudential operates in.

Clearly, Prudential has a lot of strengths: the brand, the rich history of 175 years, great distribution, diversification, the trust and confidence of 18 million customers. Clearly, a lot of strengths, and as I said, in every single market they were a formidable competitor.

What I get to the table is 32 years of experience in financial services, last five have been in Asia, leading a competitor both on the asset management as well on the insurance side. So I have operating experience in many of the markets that Prudential operates in and have a fair amount of knowledge in terms of both the opportunities and the challenges in the markets of Asia, in specific.

This evening, this morning I have the pleasure of introducing my management team. So on my right James Turner, our CFO; next to him is Dennis Tan who runs the Singapore Vietnam and Thailand; Avnish Kalra next to Dennis, our Chief Risk Officer -- Chief Risk and Compliance Officer. On my left is Lilian. Lilian Ng runs Greater China; Solmaz Altin runs Malaysia, Indonesia, Philippines, obviously manages our joint venture partnership in India, Africa and also is responsible for digital and technology. And next to Solmaz is Wai-Kwong. Wai-Kwong is our CEO of our captive in-house asset management company Eastspring. And together, we will be responding to your questions and I really look forward to the interactions this morning this evening.