Insurer Prudential shrugged off challenging markets after a 56% surge in UK new business profits.
The group said its 164-year-old UK operation benefited from strong annuity sales and growing demand for with-profits investment bonds, which offer shelter from market volatility.
Its third-quarter performance saw UK new business profits rise 17% to £227 million in the first nine months of the year, and analysts at Investec said the UK figures were better than expected.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
