Prudential PLC, known as PRU on the London Stock Exchange (LSE), is a British multinational insurance company1. Founded in London on May 30, 18482, Prudential was established to provide loans to professional and working people. Over the years, it has grown into one of the world’s leading financial services groups.
Prudential’s journey includes significant global expansion. In 1923, its first overseas life operation opened in Calcutta, India. General insurance agencies were opened in China and the Philippines during the 1920s, and the life insurance businesses soon expanded to Malaya and Singapore. Prudential took its first steps in Africa in 1930, leading to the establishment of a head office in Johannesburg in 1931, and a branch office in Nairobi in 1933.
Today, Prudential operates in various markets across Europe, America, Asia and Africa.
Prudential share price listed at 136p in 1989.