Our financial strength

We have an A+ rating for financial strength from Standard & Poors*.

The Solvency II regulatory regime came into force for European insurers on 1 January 2016. This means that we have to publish a Solvency and Financial Condition Report every year. This report gives our policyholders and other interested parties information on the financial strength of our regulated insurance companies, The Prudential Assurance Company Limited (PAC) and Prudential Pensions Limited (PPL).

We must report on five areas:

  1. Business and performance
  2. System of governance
  3. Risk profile
  4. Valuation for solvency purposes
  5. Capital management

Within each of these, we include details of the requirements we should meet.

The reports show we’re financially strong

The Solvency and Financial Condition Reports show that PAC and PPL are financially strong companies. This means we’re able to with stand major market volatility and make sure we continue to meet our commitments to you.

Taking on and managing risk is a key part of our business. The Reports contain information on how we manage our risk and capital and how we govern our insurance companies to make sure that we protect you, while providing a return to our shareholders.

You can read the latest reports here

You can download the reports for the year ended 31 December 2019 below. If you’d like to receive a copy through post, or have any queries about these documents, please give us a call on 0800 000 000.

We’re open from 8am to 6pm, Monday to Friday (GMT).

Prudential Pensions Limited - Solvency and Financial Condition Report 

The Prudential Assurance Company Limited - Solvency and Financial Condition Report

*correct as of April 2020