Our financial strength

We have a AA (very strong) rating for financial strength from Standard & Poors*, one of the highest ratings for any UK life assurance company.

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:

  1. Business and performance
  2. Systems of governance
  3. Risk profile
  4. Valuation for solvency purposes
  5. 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 Pensions Limited - Solvency and Financial Condition Report 

The Prudential Assurance Company Limited - Solvency and Financial Condition Report

*correct as of April 2017