Prudential's Financial Strength
The Solvency II regulatory regime came into force for European insurers on 1 January 2016. This regime requires us to publish a Solvency and Financial Condition Report annually.
The purpose of the Solvency and Financial Condition Report is to provide additional information to you, our policyholders, and other interested parties on the financial strength of our regulated insurance companies, The Prudential Assurance Company and Limited (PAC) and Prudential Pensions Limited (PPL).
The regulations set out the 5 areas where information should be provided:
- Business and performance
- Systems of governance
- Risk profile
- Valuation for solvency purposes
- Capital management
And a series of requirements that should be met within each of these sections.
The Solvency and Financial Condition Reports show that PAC and PPL are financially strong companies which means we are able to withstand major market volatility and ensure we meet our commitments to you.
As an insurer we take on and manage risk as an integral part of our business. The Reports contain information on how we manage our risk and capital and how we govern our insurance companies to ensure that we protect you while providing a return to our shareholders.
The Solvency and Financial Condition Reports for the year ended 31 December 2016 are provided below for PAC and PPL. If you prefer to receive a copy through post, please contact us.
If you have any queries regarding these documents, please contact us on 0800 000 000. Opening times are 8am to 6pm, Monday to Friday (GMT).
Prudential has been in business for 168 years and looks after the financial interests of approximately six million customers in the UK.
Prudential in the community
As a major financial organisation, we have an active involvement in community affairs - both to a national and local level.