THE PRUDENTIAL ASSURANCE COMPANY LIMITED
Operating as a life insurance and reinsurance provider, the company is a subsidiary of the listed investment manager M&G plc following its historical demerger from Prudential plc.
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Cash
£792M
-8% vs 2024
Net assets
£1.8B
-13.3% vs 2024
Employees
—
Average over period
Profit before tax
£347M
+11.9% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £6,667,000,000 | £8,090,000,000 | +21.3% | |
| Operating profit | — | — | — | |
| Profit before tax | £310,000,000 | £347,000,000 | +11.9% | |
| Net profit | £204,000,000 | £269,000,000 | +31.9% | |
| Cash | £861,000,000 | £792,000,000 | -8% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £2,119,000,000 | £1,837,000,000 | -13.3% | |
| Equity | £2,119,000,000 | £1,837,000,000 | -13.3% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £2,435,817 | £2,602,059 | +6.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Net margin | 3.1% | 3.3% | |
| Gearing (liabilities / total assets) | 98.7% | 98.9% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As described in the Basis of Preparation section of the Accounting Policies at note 1, an assessment of the Company's prospects has been carried out. The Board has also performed a robust assessment of the principal and emerging risks facing the Company, and is satisfied that the Company will be able to continue in operation and meet liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. Based on the work performed and the evidence obtained, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- THE PRUDENTIAL ASSURANCE COMPANY LIMITED · parent
- Manchester JV Limited 50%
- Optimus Point Management Company Limited 52%
- Minister Court Estate Management Limited 56%
- RD Park (Hoddesdon Phase 1) Management Company Limited 64.42%
- NAPI REIT, Inc. 99%
Significant events
- “On 26 February 2026, the Company announced the 2025 annual bonus rates for the with-profits fund, declaring a distribution of £3.2bn.”
- “On 03 March 2026, the Company approved a capital reduction of £536m, following which the Company approved a final dividend of £333m to be paid to M&G plc. These are not recognised in the 2025 financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 69 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| M&G MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2023-12-04 | — | — |
| BARBOUR, Alastair | Director | 2025-01-13 | Feb 1953 | British |
| BOLTON, Clive Grant | Director | 2023-09-25 | Sep 1961 | British |
| BOWIE, Ronald Stewart, Mr. | Director | 2020-09-28 | Jan 1954 | British |
| BUCKLEY, Elizabeth Mary | Director | 2025-09-01 | Aug 1968 | Irish |
| FOWLER, Louise Helen | Director | 2021-06-18 | Nov 1964 | British |
| HORGAN, Spencer | Director | 2022-08-15 | Dec 1974 | British |
| NORGROVE, Kenneth | Director | 2025-09-01 | Mar 1969 | British |
| TANNEMAAT, Mariken Louise | Director | 2021-09-21 | Nov 1971 | Dutch |
| WATSON, David Kenneth | Director | 2020-11-06 | Apr 1959 | British |
Show 69 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOTHAMLEY, Ian | Secretary | 2022-11-30 | 2023-12-04 |
| CROSS, Jacqueline Ann | Secretary | 2001-07-23 | 2001-07-23 |
| CROSS, Jacqueline Ann | Secretary | 2001-04-23 | 2001-07-23 |
| DUNLOP, Guy Robin Strickland | Secretary | 2016-01-22 | 2017-03-31 |
| FOUNTAIN, Jacqueline Ann | Secretary | 2015-06-01 | 2016-01-22 |
| FOUNTAIN, Jacqueline Ann | Secretary | 2006-02-13 | 2006-09-07 |
| GREEN, David George | Secretary | 1997-09-01 | 2000-03-27 |
| MITCHLEY, Simon Colin, Mr. | Secretary | 2017-03-31 | 2017-09-30 |
| OWENS, Jennifer Anne | Secretary | 2017-09-30 | 2022-11-30 |
| RAWSON, Peter Robert | Secretary | — | 1997-09-01 |
| WALKER, Robert | Secretary | 2001-07-23 | 2006-02-13 |
| WINDRIDGE, Susan Doreen | Secretary | 2006-09-07 | 2015-05-31 |
| WINDRIDGE, Susan Doreen | Secretary | 2000-03-27 | 2001-04-23 |
| ADAMSON, Clive Peter | Director | 2015-06-08 | 2025-01-13 |
| AU, Wai-Fong | Director | 2012-05-18 | 2015-08-31 |
| BAKER BATES, Rodney Pennington | Director | 1999-10-25 | 2001-11-09 |
| BEDELL PEARCE, Keith Leonard | Director | — | 2001-11-30 |
| BELSHAM, David John | Director | 1999-05-25 | 2014-07-07 |
| BENNISON, Richard | Director | 2016-08-31 | 2020-04-24 |
| BERKETT, Neil Anthony | Director | 2002-07-15 | 2003-06-20 |
| BLOOMER, Jonathan William | Director | 1995-01-09 | 2005-05-05 |
| BOUSFIELD, Clare Jane | Director | 2016-11-10 | 2023-09-30 |
| BRIGGS, Andrew David | Director | 2004-02-20 | 2006-10-02 |
| BROADLEY, Philip Arthur John | Director | 2000-05-22 | 2008-04-15 |
| COLEMAN, Kieran Mark | Director | 2006-05-04 | 2006-12-15 |
| COOK, Alan Ronald | Director | 2001-02-19 | 2002-06-28 |
| COOPER, Paul David | Director | 2019-09-16 | 2022-05-06 |
| CROSSLEY, Andrew Michael | Director | 2007-03-13 | 2013-06-06 |
| DAVIS, Peter John, Sir | Director | 1995-05-01 | 2000-02-29 |
| DAWSON, Joanne | Director | 2016-07-20 | 2021-04-01 |
| DEEKS, Jeremy Spencer | Director | 2016-10-21 | 2017-10-31 |
| DEVEY, Robert Alan | Director | 2009-11-16 | 2013-09-05 |
| ELBOURNE, John Kenneth | Director | 1997-05-20 | 2001-06-15 |
| EVANS, Michael Jonathan | Director | 2018-10-17 | 2020-07-29 |
| FIELD, Richard Julian | Director | 2001-04-23 | 2003-05-08 |
| FITZPATRICK, Mark Thomas | Director | 2017-07-17 | 2019-09-19 |
| FOLEY, John William | Director | 2016-01-19 | 2022-09-14 |
| FREEMAN, John Anthony | Director | — | 1994-09-30 |
| HARRIS, Rosemary | Director | 2005-11-07 | 2007-02-02 |
| HEAD, Robert Michael | Director | — | 1994-03-31 |
| HIGGS, Derek Alan | Director | 1996-03-04 | 2000-11-30 |
| HUDSON, Isabel Frances | Director | 2004-11-19 | 2005-08-02 |
| HUNT, Jacqueline | Director | 2013-10-01 | 2015-11-02 |
| HUSSAIN, Hamayou Akbar | Director | 2012-03-15 | 2016-07-19 |
| JENKINS, Hugh Royston | Director | — | 1995-12-31 |
| LAWRENCE, Michael John, Dr | Director | — | 1993-12-31 |
| LERCHE-THOMSEN, Kim Stuart | Director | 2001-02-19 | 2002-09-05 |
| MAXWELL, John Hunter | Director | 1994-06-01 | 1996-11-30 |
| MEDHURST, Brian | Director | — | 1994-03-31 |
| MOORES, Michael John | Director | 2001-04-23 | 2002-09-02 |
| NEWMARCH, Michael George | Director | — | 1995-01-23 |
| NICANDROU, Nicolaos Andreas | Director | 2009-10-28 | 2017-07-17 |
| NICOLSON, Roy Macdonald | Director | 1997-10-29 | 2000-12-31 |
| NOWELL, Peter Jack | Director | — | 1999-04-09 |
| O'DWYER, Finbar Anthony | Director | 2009-01-15 | 2013-05-24 |
| OWEN, Ian Bruce, Dr | Director | 2018-04-18 | 2025-06-30 |
| PRETTEJOHN, Nicholas Edward Tucker | Director | 2006-01-09 | 2009-09-30 |
| RAMSDEN, Roger Charles | Director | 2003-07-21 | 2006-05-31 |
| SHAUGHNESSY, Gary Paul John | Director | 2006-06-12 | 2008-09-25 |
| SPENCER, Paul | Director | 2016-01-01 | 2021-02-05 |
| SUTCLIFFE, James Harry | Director | 1993-01-11 | 1997-09-30 |
| THIAM, Tidjane Cheick | Director | 2008-04-14 | 2015-05-31 |
| TOOKEY, Timothy James William | Director | 2002-09-02 | 2006-03-16 |
| TUCKER, Mark Edward | Director | 2005-05-09 | 2009-06-30 |
| TUCKER, Mark Edward | Director | 1996-03-04 | 2001-12-03 |
| WELLS, Michael Andrew | Director | 2015-06-19 | 2016-09-29 |
| WOOD, Gregory Mark | Director | 2001-06-21 | 2005-10-17 |
| WORTH, John Alexander | Director | 2004-02-18 | 2005-10-19 |
| YARDLEY, Michael John | Director | 2013-05-20 | 2017-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&G Group Regulated Entity Holding Company Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm), Significant influence (as firm) | 2020-07-23 | Active |
| M&G Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-23 | Ceased 2020-07-23 |
| Prudential Public Limited Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-11-23 |
Filing timeline
Last 20 of 549 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2026-03-04 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-03-04 | SH20 | capital | Legacy | |
| 2026-03-04 | CAP-SS | insolvency | Legacy | |
| 2026-03-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-04 | SH01 | capital | Capital allotment shares | |
| 2026-03-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-09 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.