Q4 New Business Results

Prudential PLC
16 January 2002

Embargo: 07.00 hrs Wednesday 16 January 2002


PRUDENTIAL PLC 2001 NEW BUSINESS RESULTS

  * Record total Group insurance and investment sales for 2001 of £21.5
    billion, up 54 per cent on prior year (£13.9 billion).

  * Record annual premium equivalent (APE) sales of £2.8 billion, up 46 per
    cent (£1.9 billion).

  * Total UK insurance sales of £5.8 billion, an increase on 2000 of 12 per
    cent. APE sales up 10 per cent to £838 million.

  * Strong sales of fixed annuities (up 80 per cent to £1.9 billion) at
    Jackson National Life.

  * APE sales of £1.3 billion in Asia, up 177 per cent. Insurance sales on
    an APE basis of £434 million were up 69 per cent. Net mutual fund sales
    increased by 351 per cent and mutual funds under management were up 88 per
    cent to £3.1 billion.

Prudential plc reported insurance and investment sales of £2.8 billion on an
annual premium equivalent (APE) basis in 2001, an increase of 46 per cent over
the prior year. Group insurance premiums of £1.8 billion on an APE basis were
up 16 per cent and APE investment premiums of £1 billion increased by 172 per
cent on 2000. Sales at Jackson National Life and Prudential Corporation Asia
represented 68 per cent of the Group total.

Prudential's Group Chief Executive, Jonathan Bloomer, commented:

'2001 has been another year of considerable success and achievement for the
Group as we continued to deliver our strategy of building an international
retail financial services business by broadening our geographic presence,
distribution channels and range of products. This focused strategy is designed
to exploit sustainable growth in key markets around the world where we have
leading market positions and excellent customer access and reach.

'These new business figures fully endorse the success of our strategy. They
were also achieved against a backdrop of volatile equity markets and an
uncertain global economic climate, and are a result of our financial strength
and broad international base.'

UK Insurance Operations

The UK insurance business recorded sales on an APE basis of £838 million in
2001, an increase of 10 per cent on the prior year. Total sales for the year
were £5.8 billion, with single premium sales increasing by 12 per cent and
regular premium sales up 5 per cent.

Sales via our intermediary channels on an APE basis were £506 million, a 32
per cent improvement on 2000, with particularly strong sales of with-profit
bonds and annuities. Excluding bulk annuity sales, intermediary APE sales were
£448 million, a 22 per cent improvement on the prior year. Intermediary sales
on an APE basis in the second half of 2001 were 22 per cent ahead of sales in
the first half of the year and 40 per cent ahead of sales in the second half
of 2000.

This strong growth in intermediary sales during the year more than offset the
expected decline in sales through our direct sales channels which, at £332
million, were down 13 per cent on 2000, principally due to the closure of the
direct sales force in the second quarter of 2001.

Prudential has a leading position in the UK annuities market and total annuity
sales in 2001 of £1.8 billion (£184 million on an APE basis) were up 46 per
cent on the prior year. Sales of annuities through intermediary channels of £
1.2 billion increased by 80 per cent, of which sales of individual annuities
of £597 million were up 25 per cent and bulk annuity sales of £575 million
increased by 231 per cent on the prior year.

Sales of Prudence Bond were almost £2 billion in 2001, an increase of 33 per
cent on the prior year. Sales in the fourth quarter of £749 million were
buoyant (up 109 per cent on the corresponding period last year), reflecting
product enhancements made during the year. Prudential has continued to gain
market share of the with-profit bond market during the year due to its
financial strength, innovative product offering and strong brand presence.
Earlier this month we launched a new Prudence Bond option which will bring
greater flexibility and transparency to with-profit bonds.

Sales of new corporate pensions on an APE basis of £205 million increased by 6
per cent on the prior year. During the year, our focus has been on fee-based
group pensions business, of which we wrote £142 million in 2001, up 41 per
cent on the prior year. Going forward, we will continue to secure schemes with
access to large numbers of employees which allow us to use our worksite
marketing expertise to maximise the take-up of pensions by employees.

M&G

Total investment sales in the year were £918 million, 14 per cent lower than
in 2000, which included an exceptional loan note rollover of £105 million.
Excluding this one-off item, sales were 5 per cent lower than those reported
in 2000. This compares favourably with industry data (AUTIF) which shows that
gross industry retail sales fell 22 per cent in the 11 months up to December
2001 compared to the same period in 2000. M&G also significantly increased its
market share during 2001, especially in the IFA channel, achieving more than a
10 per cent share of all ISA and PEP transfer business sold via intermediaries
in November.

Sales of fixed income products were £534 million, 17 per cent up on 2000.
Fixed income sales accounted for 58 per cent of total sales, demonstrating the
benefit of M&G's broad product offering, particularly given the current
volatility of equity markets.

Egg

Egg published a pre-closed season briefing on 13 December 2001 that covered
its activities up to that date. Key highlights from that announcement included
129,300 net new customers acquired to date in the fourth quarter, bringing the
total net customer base to 1.92 million, and the management accounts for
November showing that the business had made a profit for the month, thereby
meeting the commitment made at the time of its flotation in June 2000 that it
would break even during the fourth quarter of 2001. Egg will announce its
preliminary results on 25 February 2002.

Europe

Total sales in 2001 through Prudential Europe were £78 million, more than
double the figure for last year of £36 million. This result was primarily due
to strong sales in France of Prudential Europe Vie, the innovative
equity-backed life insurance product. On an APE basis, sales were £26 million,
an improvement of 13 per cent on 2000.

United States

While Jackson National Life's (JNL) performance during the year has been
affected by the continued market volatility in the US, which affected consumer
appetite for equity-based products, its strategy to provide diversified
products through multiple distribution channels enabled JNL to deliver strong
results in fixed annuities, which provide customers with more certain returns.
Sales of stable value products were also strong.

Total sales in 2001 on an APE basis were £483 million, down 5 per cent on the
prior year. Single premium sales in the year were £4.6 billion, compared to £
4.8 billion in 2000 which was a record year for JNL.

Fixed annuity sales of £1.9 billion - a record level of sales in a single year
for JNL - were up 80 per cent on 2000, principally due to the success of the
bank marketing channel through which sales increased by 66 per cent to just
over £1 billion. Sales of stable value products remained strong at £1.7
billion (in line with sales in the prior year), reflecting in particular the
success of the global Medium Term Note (MTN) programme.

Sales of equity-based products were affected by the ongoing volatility in the
equity markets and a fiercely competitive environment in which some companies
are chasing top line growth at the expense of profitability. JNL has
maintained its focus on profitability, not volume.

Variable annuity sales in the year of £768 million were down 55 per cent on
2000. JNL recently became only the third company in the United States to
launch an innovative unbundled variable annuity that offers consumers the
flexibility to purchase a variable annuity with new features to better match
their investment needs. This new product is designed to increase JNL's
competitiveness in the variable market, without compromising its product
pricing discipline.

Equity linked indexed (ELI) annuity sales in the year were £271 million
compared to £409 million in 2000. However, sales of ELIs in the fourth quarter
of 2001 were 28 per cent ahead of third quarter sales, and were the strongest
single quarter figures in 2001.

JNL's overall fourth quarter retail sales were 18 per cent ahead of the fourth
quarter 2000 and second half retail sales were 10 per cent up on the first
half of 2001.

Asia

Total insurance and investment sales in Asia for the year were £10 billion, an
increase of 264 per cent on 2000. Total sales of £3.7 billion in the fourth
quarter of 2001 were more than double those in the same period of the previous
year (£1.5 billion). This strong growth reflects Prudential Corporation Asia's
(PCA) successful strategy of entering new markets, strengthening and
diversifying distribution channels and launching customer-focused products.
All operations recorded excellent growth on last year. We also had first time
contributions from our new life operations in Japan and Korea.

Sales of insurance products on an APE basis were £434 million, up 69 per cent.
In addition to continuing strong growth in sales through agents, alternative
distribution channels, including bancassurance and direct distribution,
generated just over 17 per cent of new APE life sales, up significantly
compared to last year. Sales of regular premium insurance of £369 million were
up 61 per cent on the prior year. Single premium insurance sales of £650
million were up 136 per cent and net mutual fund sales of £1.4 billion were up
351 per cent. Prudential's share of BOCI Prudential Mandatory Provident Fund
sales in Hong Kong was £91 million.

Total funds under management in the Asian mutual fund business, at £3.1
billion, grew 88 per cent during 2001. In addition, our mutual fund operation
in Taiwan also secured new discretionary fund management mandates of £102
million during the year.

As we forecast at the time of our third quarter new business results, there
was some slowdown in the life new business growth rates during the fourth
quarter of 2001 as the global economic slowdown started to have an effect on
the region. This was particularly noticeable in the economies of countries
such as Singapore and Taiwan. As expected, single premium sales in Singapore
have now reverted to normalised levels following the exceptional first half of
the year attributed to the liberalisation of the Central Provident Fund. New
business volumes during the fourth quarter in Taiwan have been lower due to
intensive agent training for the new range of unit linked products. Regulatory
approval for regular premium unit linked products in Taiwan was received in
late November 2001 and these were successfully launched on 10 January 2002.

PCA, with its broad range of licences in the region, multi-channel
distribution capabilities, excellent strategic partners, and product expertise
is in a very strong position to continue to benefit from the excellent
long-term growth potential throughout Asia.

                                    -ENDS-

ENQUIRIES TO:
Media                            Investors and Analysts
Geraldine Davies 020 7548 3911   Rebecca Burrows              020 7548 3537
Steve Colton     020 7548 3721   Andrew Crossley              020 7548 3166
Clare Staley     020 7548 3719



NOTES TO EDITORS:
Newswires Conference Call at 7.30am Investor/Analyst Conference Call at 2.30pm:
Dial in number: 020 8288 4700       Dial in number: 020 8240 8246
Chair: Geraldine Davies             Participants to quote Prudential
                                    Replay will be available for 7 days
                                    Dial in number for replay: 020 8288 4459
                                    Pass code 613872

1. Annual premium equivalent (APE) sales comprise regular premium sales plus
   one-tenth of single premium sales.

2. Financial Calendar:
   Announcement of 2001 full-year results          Tuesday 26 February 2002
   First quarter new business figures 2002         Thursday 18 April 2002
   Annual General Meeting                          Thursday 9 May 2002
   Interim Results 2002/                           Wednesday 24 July 2002
   Second quarter new business figures 2002
   Third quarter new business figures 2002         Thursday 17 October 2002

This statement may contain certain 'forward-looking statements' with respect
to certain of Prudential's plans and its current goals and expectations
relating to its future financial condition, performance and results. By their
nature, all forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances which are beyond Prudential's
control including among other things, UK domestic and global economic and
business conditions, market related risks such as fluctuations in interest
rates and exchange rates, the policies and actions of regulatory authorities,
the impact of competition, inflation, deflation, the timing, impact and other
uncertainties of future acquisitions or combinations within relevant
industries, as well as the impact of tax and other legislation and other
regulations in the jurisdictions in which Prudential and its affiliates
operate. As a result, Prudential's actual future financial condition,
performance and results may differ materially from the plans, goals, and
expectations set forth in Prudential's forward-looking statements.

Schedule 1


 PRUDENTIAL PLC - NEW BUSINESS PREMIUMS - FULL YEAR 2001 VERSUS FULL YEAR 2000  
                                                      Single Premiums           
                                                 2001       2000     +/- (%)  
                                                   £m         £m              
      UK Insurance Operations:                                                
      Prudential Financial                                                    
      Services:                                                               
      Individual Pensions                          26         30       (13%)  
      Corporate Pensions                          469        751       (38%)  
      Life                                        226        534       (58%)  
      Annuities                                   663        602         10%  
      Investment Products                          15         43       (65%)  
      Sub-Total                                 1,399      1,960       (29%)  
      DSS Rebates                                 185        175          6%  
      Total Direct (Schedule 2)                 1,584      2,135       (26%)  

      Prudential Intermediary                                                 
      Business:                                                               
      Individual Pensions                         219        196         12%  
      Corporate Pensions                           82         94       (13%)  
      Life                                      2,297      1,660         38%  
      Annuities                                 1,172        652         80%  
      Investment Products                          70        101       (31%)  
      Sub-Total                                 3,840      2,703         42%  
      DSS Rebates                                  64         59          8%  
      Total Intermediated (Schedule             3,904      2,762         41%  
      2)                                                                      

      Total UK Insurance                                                      
      Operations:                                                             
      Individual Pensions                         245        226          8%  
      Corporate Pensions                          551        845       (35%)  
      Life                                      2,523      2,194         15%  
      Annuities                                 1,835      1,254         46%  
      Investment Products                          85        144       (41%)  
      Sub-Total                                 5,239      4,663         12%  
      DSS Rebates                                 249        234          6%  
      Total UK Insurance Operations             5,488      4,897         12%  

      M&G:                                                                    
      Individual Life and Pensions                  -         29          0%  
      Investment Products                         906      1,050       (14%)  
      Total M&G                                   906      1,079       (16%)  

      Total UK Operations                       6,394      5,976          7%  

      European Operations:                                                    
      Insurance Products                           58         14        314%  
      Total European Operation                     58         14        314%  

      US Operations:                                                          
      Fixed Annuities                           1,899      1,056         80%  
      Equity Linked Index Annuities               271        409       (34%)  
      Variable Annuities                          768      1,709       (55%)  
      Sub-total Annuities                       2,938      3,174        (7%)  
      Guaranteed Investment                       170        365       (53%)  
      Contracts                                                               
      GIC - Medium Term Note                    1,504      1,291         16%  
      Life                                          -          -          0%  
      Total US Operations                       4,612      4,830        (5%)  

      Asian Operations:                                                       
      Insurance Products                          650        275        136%  
      Investment Products                       9,027      2,259        300%  
      Total Asian Operations                    9,677      2,534        282%  
      (Schedule 2)                                                            

      Group Total:                                                            
      Insurance Products                       10,723      9,901          8%  
      Investment Products                      10,018      3,453        190%  
      Group Total                              20,741     13,354         55%  

                                                 2001       2000              
                                                   £m         £m              
      US Banking Products                                                     
      Total Deposit Liabilities                   575        483         19%  
      Retail Assets                               696        630         10%  
                                                                              
      UK Gross Premiums Written                   390        334         17%  
                                                                              
 
Schedule 1

                                                    Regular Premiums  
                                               2001     2000     +/- (%)  
                                                 £m       £m              
      UK Insurance Operations:                                            
      Prudential Financial Services:                                      
      Individual Pensions                        26       34       (24%)  
      Corporate Pensions                        131       93         41%  
      Life                                       11       28       (61%)  
      Annuities                                   -        -          0%  
      Investment Products                         4       12       (67%)  
      Sub-Total                                 172      167          3%  
      DSS Rebates                                 -        -          0%  
      Total Direct (Schedule 2)                 172      167          3%  
                                                                          
      Prudential Intermediary Business:                                   
      Individual Pensions                        68       54         26%  
      Corporate Pensions                         19       15         27%  
      Life                                       27       36       (25%)  
      Annuities                                   -        -          0%  
      Investment Products                         2        3       (33%)  
      Sub-Total                                 116      108          7%  
      DSS Rebates                                 -        -          0%  
      Total Intermediated (Schedule 2)          116      108          7%  
                                                                          
      Total UK Insurance Operations:                                      
      Individual Pensions                        94       88          7%  
      Corporate Pensions                        150      108         39%  
      Life                                       38       64       (41%)  
      Annuities                                   -        -          0%  
      Investment Products                         6       15       (60%)  
      Sub-Total                                 288      275          5%  
      DSS Rebates                                 -        -          0%  
      Total UK Insurance Operations             288      275          5%  
                                                                          
      M&G:                                                                
      Individual Life and Pensions                -        2          0%  
      Investment Products                        12       16       (25%)  
      Total M&G                                  12       18       (33%)  
                                                                          
      Total UK Operations                       300      293          2%  
                                                                          
      European Operations:                                                
      Insurance Products                         20       22        (9%)  
      Total European Operation                   20       22        (9%)  
                                                                          
      US Operations:                                                      
      Fixed Annuities                             -        -          0%  
      Equity Linked Index Annuities               -        -          0%  
      Variable Annuities                          -        -          0%  
      Sub-total Annuities                         -        -          0%  
      Guaranteed Investment Contracts             -        -          0%  
      GIC - Medium Term Note                      -        -          0%  
      Life                                       22       25       (12%)  
      Total US Operations                        22       25       (12%)  
                                                                          
      Asian Operations:                                                   
      Insurance Products                        369      229         61%  
      Investment Products                         -        -          0%  
      Total Asian Operations (Schedule 2)       369      229         61%  
                                                                          
      Group Total:                                                        
      Insurance Products                        693      538         29%  
      Investment Products                        18       31       (42%)  
      Group Total                               711      569         25%  
                                                                          
      US Banking Products                                                 
      Total Deposit Liabilities                                           
      Retail Assets                                                       
                                                                          
      UK Gross Premiums Written                                           
 

Schedule 1

                                                        Total Premiums          
                                                 2001       2000     +/- (%)  
                                                   £m         £m              
  UK Insurance Operations:                                                    
  Prudential Financial Services:                                              
  Individual Pensions                              52         64       (19%)  
  Corporate Pensions                              600        844       (29%)  
  Life                                            237        562       (58%)  
  Annuities                                       663        602         10%  
  Investment Products                              19         55       (65%)  
  Sub-Total                                     1,571      2,127       (26%)  
  DSS Rebates                                     185        175          6%  
  Total Direct (Schedule 2)                     1,756      2,302       (24%)  

  Prudential Intermediary Business:                                           
  Individual Pensions                             287        250         15%  
  Corporate Pensions                              101        109        (7%)  
  Life                                          2,324      1,696         37%  
  Annuities                                     1,172        652         80%  
  Investment Products                              72        104       (31%)  
  Sub-Total                                     3,956      2,811         41%  
  DSS Rebates                                      64         59          8%  
  Total Intermediated (Schedule 2)              4,020      2,870         40%  

  Total UK Insurance Operations:                                              
  Individual Pensions                             339        314          8%  
  Corporate Pensions                              701        953       (26%)  
  Life                                          2,561      2,258         13%  
  Annuities                                     1,835      1,254         46%  
  Investment Products                              91        159       (43%)  
  Sub-Total                                     5,527      4,938         12%  
  DSS Rebates                                     249        234          6%  
  Total UK Insurance Operations                 5,776      5,172         12%  

  M&G:                                                                        
  Individual Life and Pensions                      -         31          0%  
  Investment Products                             918      1,066       (14%)  
  Total M&G                                       918      1,097       (16%)  

  Total UK Operations                           6,694      6,269          7%  

  European Operations:                                                        
  Insurance Products                               78         36        117%  
  Total European Operation                         78         36        117%  

  US Operations:                                                              
  Fixed Annuities                               1,899      1,056         80%  
  Equity Linked Index Annuities                   271        409       (34%)  
  Variable Annuities                              768      1,709       (55%)  
  Sub-total Annuities                           2,938      3,174        (7%)  
  Guaranteed Investment Contracts                 170        365       (53%)  
  GIC - Medium Term Note                        1,504      1,291         16%  
  Life                                             22         25       (12%)  
  Total US Operations                           4,634      4,855        (5%)  

  Asian Operations:                                                           
  Insurance Products                            1,019        504        102%  
  Investment Products                           9,027      2,259        300%  
  Total Asian Operations (Schedule             10,046      2,763        264%  
  2)                                                                          

  Group Total:                                                                
  Insurance Products                           11,416     10,439          9%  
  Investment Products                          10,036      3,484        188%  
  Group Total                                  21,452     13,923         54%  

  US Banking Products                                                         
  Total Deposit Liabilities                                                   
  Retail Assets                                                               

  UK Gross Premiums Written                                                   
 

Schedule 1

                                                          APE  
                                               2001      2000     +/- (%)  
                                                 £m        £m              
     UK Insurance Operations:                                              
     Prudential Financial Services:                                        
     Individual Pensions                         29        37       (22%)  
     Corporate Pensions                         178       168          6%  
     Life                                        34        81       (58%)  
     Annuities                                   66        60         10%  
     Investment Products                          6        16       (63%)  
     Sub-Total                                  313       363       (14%)  
     DSS Rebates                                 19        18          6%  
     Total Direct (Schedule 2)                  332       381       (13%)  

     Prudential Intermediary Business:                                     
     Individual Pensions                         90        74         22%  
     Corporate Pensions                          27        24         13%  
     Life                                       257       202         27%  
     Annuities                                  117        65         80%  
     Investment Products                          9        13       (31%)  
     Sub-Total                                  500       378         32%  
     DSS Rebates                                  6         6          0%  
     Total Intermediated (Schedule 2)           506       384         32%  

     Total UK Insurance Operations:                                        
     Individual Pensions                        119       111          7%  
     Corporate Pensions                         205       193          6%  
     Life                                       290       283          2%  
     Annuities                                  184       125         47%  
     Investment Products                         15        29       (48%)  
     Sub-Total                                  813       741         10%  
     DSS Rebates                                 25        23          9%  
     Total UK Insurance Operations              838       765         10%  

     M&G:                                                                  
     Individual Life and Pensions                 -         5          0%  
     Investment Products                        103       121       (15%)  
     Total M&G                                  103       126       (18%)  

     Total UK Operations                        940       891          5%  

     European Operations:                                                  
     Insurance Products                          26        23         13%  
     Total European Operation                    26        23         13%  

     US Operations:                                                        
     Fixed Annuities                            190       106         79%  
     Equity Linked Index Annuities               27        41       (34%)  
     Variable Annuities                          77       171       (55%)  
     Sub-total Annuities                        294       317        (7%)  
     Guaranteed Investment Contracts             17        37       (54%)  
     GIC - Medium Term Note                     150       129         16%  
     Life                                        22        25       (12%)  
     Total US Operations                        483       508        (5%)  

     Asian Operations:                                                     
     Insurance Products                         434       257         69%  
     Investment Products                        903       226        300%  
     Total Asian Operations (Schedule 2)      1,337       482        177%  

     Group Total:                                                          
     Insurance Products                       1,765     1,528         16%  
     Investment Products                      1,021       376        172%  
     Group Total                              2,786     1,904         46%  

                                            
 
 
Schedule 2


                                                       Single Premiums          
                                                 2001       2000     +/- (%)  
                                                   £m         £m              
      UK Insurance Operations:                                                
      Prudential Financial Services                                           
      DSF/Remote:                                                             
      Individual Pensions                          26         30       (13%)  
      Corporate Pensions                            -          1          0%  
      Life                                        226        534       (58%)  
      Annuities                                   499        442         13%  
      Investment Products                          15         43       (65%)  
      Sub-Total                                   766      1,050       (27%)  
      DSS Rebates                                 185        175          6%  
      Total Retail                                951      1,225       (22%)  

      Group Pensions:                                                         
      Corporate Pensions                          469        750       (37%)  
      Annuities                                   164        160          3%  
      Total Group Pensions                        633        910       (30%)  
      Total Direct                              1,584      2,135       (26%)  

      Prudential Intermediary                                                 
      Business:                                                               
      Retail IFA:                                                             
      Individual Pensions                         219        196         12%  
      Corporate Pensions                           82         94       (13%)  
      Life                                      2,297      1,660         38%  
      Annuities                                   139        112         24%  
      Investment Products                          70        101       (31%)  
      Sub-Total                                 2,807      2,163         30%  
      DSS Rebates                                  64         59          8%  
      Total Retail IFA                          2,871      2,222         29%  

      Annuities:                                                              
      Annuities                                 1,033        540         91%  
      Total Annuities                           1,033        540         91%  
      Total Intermediated                       3,904      2,762         41%  

      Asian Operations:                                                       

      Insurance Products:                                                     
      Singapore                                   515        239        115%  
      Hong Kong                                    88         15        487%  
      Malaysia                                     13         15       (13%)  
      Taiwan                                        5          1        400%  
      Japan                                        12          -          0%  
      Other                                        17          5        240%  
      Total Insurance Products                    650        275        136%  

      Investment Products:                                                    
      India                                     2,110      1,215         74%  
      Taiwan                                    6,773      1,014        568%  
      Other                                        53         30         77%  
      Total Gross Mutual Fund Sales             8,936      2,259        296%  
      Hong Kong MPF Products                       91          -          0%  
      Total Investment Products                 9,027      2,259        300%  

      Total Asian Operations                    9,677      2,534        282%  

      Asia Mutual Funds                                                       
      Net Mutual Fund Sales:                                                  
      India                                       352        365        (4%)  
      Taiwan                                      998       (72)       1486%  
      Other                                        45         16        181%  
      Total Net Mutual Fund Sales               1,395        309        351%  

      Funds Under Management:                   India     Taiwan    Other  Total
      Opening Balance of FUM                      695        934       20  1,649
      (31/12/00)                                                              
      Net Flows                                   352        998       45  1,395
      Market Movement                              24         35      (7)     52
      Closing Balance of FUM                    1,071      1,967       58  3,096
      (31/12/01)                                                              


Schedule 2



                                                    Regular Premiums  
                                              2001     2000     +/- (%)  
                                                £m       £m              
      UK Insurance Operations:                                           
      Prudential Financial Services                                      
      DSF/Remote:                                                        
      Individual Pensions                       26       34       (24%)  
      Corporate Pensions                         -       19          0%  
      Life                                      11       28       (61%)  
      Annuities                                  -        -          0%  
      Investment Products                        4       12       (67%)  
      Sub-Total                                 41       93       (56%)  
      DSS Rebates                                -        -          0%  
      Total Retail                              41       93       (56%)  

      Group Pensions:                                                    
      Corporate Pensions                       131       74         77%  
      Annuities                                  -        -          0%  
      Total Group Pensions                     131       74         77%  
      Total Direct                             172      167          3%  

      Prudential Intermediary Business:                                  
      Retail IFA:                                                        
      Individual Pensions                       68       54         26%  
      Corporate Pensions                        19       15         27%  
      Life                                      27       36       (25%)  
      Annuities                                  -        -          0%  
      Investment Products                        2        3       (33%)  
      Sub-Total                                116      108          7%  
      DSS Rebates                                -        -          0%  
      Total Retail IFA                         116      108          7%  

      Annuities:                                                         
      Annuities                                  -        -          0%  
      Total Annuities                            -        -          0%  
      Total Intermediated                      116      108          7%  

      Asian Operations:                                                  

      Insurance Products:                                                
      Singapore                                 37       46       (20%)  
      Hong Kong                                 71       47         51%  
      Malaysia                                  45       32         41%  
      Taiwan                                   135       78         73%  
      Japan                                     28        -          0%  
      Other                                     53       26        104%  
      Total Insurance Products                 369      229         61%  

      Investment Products:                                               
      India                                      -        -          0%  
      Taiwan                                     -        -          0%  
      Other                                      -        -          0%  
      Total Gross Mutual Fund Sales              -        -          0%  
      Hong Kong MPF Products                     -        -          0%  
      Total Investment Products                  -        -          0%  

      Total Asian Operations                   369      229         61%  

      Asia Mutual Funds                                                  
      Net Mutual Fund Sales:                                             
      India                                                              
      Taiwan                                                             
      Other                                                              
      Total Net Mutual Fund Sales                                        

      Funds Under Management:                                        
      Opening Balance of FUM (31/12/00)                            
      Net Flows                                                    
      Market Movement                                                  
      Closing Balance of FUM (31/12/01)                              


Schedule 2

                                                    Total Premiums  
                                               2001      2000     +/- (%)  
                                                 £m        £m              
      UK Insurance Operations:                                             
      Prudential Financial Services                                        
      DSF/Remote:                                                          
      Individual Pensions                        52        64       (19%)  
      Corporate Pensions                          -        20          0%  
      Life                                      237       562       (58%)  
      Annuities                                 499       442         13%  
      Investment Products                        19        55       (65%)  
      Sub-Total                                 807     1,143       (29%)  
      DSS Rebates                               185       175          6%  
      Total Retail                              992     1,318       (25%)  

      Group Pensions:                                                      
      Corporate Pensions                        600       824       (27%)  
      Annuities                                 164       160          3%  
      Total Group Pensions                      764       984       (22%)  
      Total Direct                            1,756     2,302       (24%)  

      Prudential Intermediary Business:                                    
      Retail IFA:                                                          
      Individual Pensions                       287       250         15%  
      Corporate Pensions                        101       109        (7%)  
      Life                                    2,324     1,696         37%  
      Annuities                                 139       112         24%  
      Investment Products                        72       104       (31%)  
      Sub-Total                               2,923     2,271         29%  
      DSS Rebates                                64        59          8%  
      Total Retail IFA                        2,987     2,330         28%  

      Annuities:                                                           
      Annuities                               1,033       540         91%  
      Total Annuities                         1,033       540         91%  
      Total Intermediated                     4,020     2,870         40%  

      Asian Operations:                                                    

      Insurance Products:                                                  
      Singapore                                 552       285         94%  
      Hong Kong                                 159        62        156%  
      Malaysia                                   58        47         23%  
      Taiwan                                    140        79         77%  
      Japan                                      40         -          0%  
      Other                                      70        31        126%  
      Total Insurance Products                1,019       504        102%  

      Investment Products:                                                 
      India                                   2,110     1,215         74%  
      Taiwan                                  6,773     1,014        568%  
      Other                                      53        30         77%  
      Total Gross Mutual Fund Sales           8,936     2,259        296%  
      Hong Kong MPF Products                     91         -          0%  
      Total Investment Products               9,027     2,259        300%  

      Total Asian Operations                 10,046     2,763        264%  

      Asia Mutual Funds                                                    
      Net Mutual Fund Sales:                                               
      India                                                                
      Taiwan                                                               
      Other                                                                
      Total Net Mutual Fund Sales                                          

      Funds Under Management:                                              
      Opening Balance of FUM (31/12/00)                                    
      Net Flows                                                            
      Market Movement                                                      
      Closing Balance of FUM (31/12/01)                                    


Schedule 2 


                                                         APE  
                                              2001     2000     +/- (%)  
                                                £m       £m              
      UK Insurance Operations:                                           
      Prudential Financial Services                                      
      DSF/Remote:                                                        
      Individual Pensions                       29       37       (22%)  
      Corporate Pensions                         -       19          0%  
      Life                                      34       81       (58%)  
      Annuities                                 50       44         14%  
      Investment Products                        6       16       (63%)  
      Sub-Total                                119      198       (40%)  
      DSS Rebates                               19       18          6%  
      Total Retail                             138      216       (36%)  

      Group Pensions:                                                    
      Corporate Pensions                       178      149         19%  
      Annuities                                 16       16          0%  
      Total Group Pensions                     194      165         18%  
      Total Direct                             332      381       (13%)  

      Prudential Intermediary Business:                                  
      Retail IFA:                                                        
      Individual Pensions                       90       74         22%  
      Corporate Pensions                        27       24         13%  
      Life                                     257      202         27%  
      Annuities                                 14       11         27%  
      Investment Products                        9       13       (31%)  
      Sub-Total                                397      324         23%  
      DSS Rebates                                6        6          0%  
      Total Retail IFA                         403      330         22%  

      Annuities:                                                         
      Annuities                                103       54         91%  
      Total Annuities                          103       54         91%  
      Total Intermediated                      506      384         32%  

      Asian Operations:                                                  

      Insurance Products:                                                
      Singapore                                 89       70         27%  
      Hong Kong                                 80       49         63%  
      Malaysia                                  46       34         35%  
      Taiwan                                   136       78         74%  
      Japan                                     29        -          0%  
      Other                                     55       26        112%  
      Total Insurance Products                 434      257         69%  

      Investment Products:                                               
      India                                    211      122         73%  
      Taiwan                                   677      101        570%  
      Other                                      5        3         67%  
      Total Gross Mutual Fund Sales            894      226        296%  
      Hong Kong MPF Products                     9        -          0%  
      Total Investment Products                903      226        300%  

      Total Asian Operations                 1,337      482        177%  

                                    

Notes to Schedules:
1. Sales for overseas operations have been calculated using average
exchange rates. The applicable rate for Jackson National
Life is 1.44 (2000 - 1.52). Balance sheet figures have been
calculated at closing exchange rates.

2. In Asia, 'Other' Insurance Products include Thailand, Indonesia,
The Philippines, Vietnam, India (26% interest), China and Korea.

3. Insurance sales for Japan are included from 13 February 2001,
the date of acquisition of Orico Life Insurance Company Limited .

4. Mandatory Provident Fund product sales in Hong Kong are included
at Prudential's 36% interest of the Hong Kong MPF operation.

5. Annual Premium Equivalents (APE), calculated as regular premiums
     + 10% single premiums, are subject to roundings.