Insurer Prudential profits more than double in 2010
British insurance giant Prudential said Wednesday that its net profits more than doubled to £1.4 billion in 2010 as it shrugged off a failed takeover bid to post strong sales in Asia.
Prudential reported profit after tax of £1.43 billion (1.67 billion euros, $2.31 billion last year, compared with net earnings of £676 million in 2009, the group said in a statement.
Prudential last year failed in a $35.5 billion takeover of AIA, the Asian arm of US insurer AIG.
© 2011 AFP