Prudential plc (PRU2) - Net Assets
Based on the latest financial reports, Prudential plc (PRU2) has net assets worth €19.44 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€199.12 Billion) and total liabilities (€179.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.44 Billion |
| % of Total Assets | 9.77% |
| Annual Growth Rate | -2.15% |
| 5-Year Change | -15.57% |
| 10-Year Change | N/A |
| Growth Volatility | 10.46 |
Prudential plc - Net Assets Trend (2017–2024)
This chart illustrates how Prudential plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Prudential plc (2017–2024)
The table below shows the annual net assets of Prudential plc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €18.67 Billion | +3.84% |
| 2023-12-31 | €17.98 Billion | +5.00% |
| 2022-12-31 | €17.13 Billion | -0.79% |
| 2021-12-31 | €17.26 Billion | -21.95% |
| 2020-12-31 | €22.12 Billion | +12.46% |
| 2019-12-31 | €19.67 Billion | -10.23% |
| 2018-12-31 | €21.91 Billion | +0.74% |
| 2017-12-31 | €21.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prudential plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.91 Billion | 68.07% |
| Other Components | €5.59 Billion | 31.93% |
| Total Equity | €17.49 Billion | 100.00% |
Prudential plc Competitors by Market Cap
The table below lists competitors of Prudential plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VICI Properties Inc
NYSE:VICI
|
$30.00 Billion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
$30.09 Billion |
|
Chroma ATE Inc
TW:2360
|
$30.10 Billion |
|
DTE Energy Company
NYSE:DTE
|
$30.10 Billion |
|
Raymond James Financial Inc.
NYSE:RJF
|
$29.91 Billion |
|
Iron Mountain Incorporated
NYSE:IRM
|
$29.90 Billion |
|
Transurban Group
AU:TCL
|
$29.89 Billion |
|
Teledyne Technologies Incorporated
NYSE:TDY
|
$29.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prudential plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,823,000,000 to 17,492,000,000, a change of -331,000,000 (-1.9%).
- Net income of 2,285,000,000 contributed positively to equity growth.
- Dividend payments of 552,000,000 reduced retained earnings.
- Share repurchases of 860,000,000 reduced equity.
- Other factors decreased equity by 1,204,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.29 Billion | +13.06% |
| Dividends Paid | €552.00 Million | -3.16% |
| Share Repurchases | €860.00 Million | -4.92% |
| Other Changes | €-1.20 Billion | -6.88% |
| Total Change | €- | -1.86% |
Book Value vs Market Value Analysis
This analysis compares Prudential plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.02x to 3.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €8.40 | €25.40 | x |
| 2018-12-31 | €8.44 | €25.40 | x |
| 2019-12-31 | €7.49 | €25.40 | x |
| 2020-12-31 | €8.00 | €25.40 | x |
| 2021-12-31 | €6.22 | €25.40 | x |
| 2022-12-31 | €6.17 | €25.40 | x |
| 2023-12-31 | €6.50 | €25.40 | x |
| 2024-12-31 | €6.62 | €25.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prudential plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.10%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 10.40x
- Recent ROE (13.06%) is above the historical average (7.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.85% | 2.76% | 0.18x | 30.70x | €1.05 Billion |
| 2018 | 17.45% | 12.07% | 0.05x | 29.49x | €1.63 Billion |
| 2019 | 4.02% | 0.84% | 0.21x | 23.32x | €-1.16 Billion |
| 2020 | 10.14% | 3.78% | 0.11x | 24.72x | €30.20 Million |
| 2021 | -11.95% | -7.71% | 0.13x | 11.65x | €-3.75 Billion |
| 2022 | 5.88% | 0.00% | -0.05x | 9.78x | €-698.00 Million |
| 2023 | 9.54% | 8.88% | 0.11x | 9.77x | €-81.30 Million |
| 2024 | 13.06% | 14.10% | 0.09x | 10.40x | €535.80 Million |
Industry Comparison
This section compares Prudential plc's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $6,647,493,629,333
- Average return on equity (ROE) among peers: 11.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prudential plc (PRU2) | €19.44 Billion | 14.85% | 9.24x | $29.96 Billion |
| China Pacific Insurance (Group) Co. Ltd (75C) | $183.32 Billion | 15.13% | 7.34x | $11.55 Billion |
| CHINA PAC.IN.GR.GDR/5 YC1 (75CB) | $334.22 Billion | 16.01% | 8.41x | $35.53 Billion |
| JACKSON FNCL CL.A DL-10 (8WF) | $10.33 Billion | 9.04% | 30.96x | $6.32 Billion |
| DISCOVERY LTD. RC -001 (D3H) | $54.45 Billion | 13.88% | 4.14x | $8.99 Billion |
| Discovery Limited (D3H) | $43.08 Billion | 15.35% | 3.18x | $8.70 Billion |
| China Taiping Insurance Holdings Company Limited (HIUC) | $67.00 Billion | 7.13% | 6.54x | $9.35 Billion |
| Sanlam Limited (LA6A) | $59.09 Billion | 16.29% | 10.38x | $11.08 Billion |
| PANIN INSURANCE (OA9) | $58.72 Trillion | 1.40% | 2.73x | $166.71 Million |
| Ping An Insurance (Group) Company of China Ltd (PZX) | $353.82 Billion | 11.10% | 10.32x | $58.25 Billion |
About Prudential plc
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. It offers savings and investments products; wealth, health, and protection products; and foreign exchange services. The company was founded in 1848 and is headquartered in Central, Hong Kong.