The Prudential Assurance Company Limited

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the prudential assurance company limited Company Information

Company Number

00015454

Next Accounts

Sep 2025

Directors

Ian Owen

Ronald Bowie

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Shareholders

m & g prudential limited

Group Structure

View All

Industry

Life reinsurance

Registered Address

10 fenchurch avenue, london, EC3M 5AG

Website

https://www.prudentialplc.com

the prudential assurance company limited Estimated Valuation

£24b

Pomanda estimates the enterprise value of THE PRUDENTIAL ASSURANCE COMPANY LIMITED at £24b based on an EBITDA of £1.3b and a 18.68x industry multiple (adjusted for size and gross margin).

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The Prudential Assurance Company Limited is a live company located in london, EC3M 5AG with a Companies House number of 00015454. It operates in the life reinsurance sector, SIC Code 65201. Founded in June 1881, it's largest shareholder is m & g prudential limited with a 100% stake. The Prudential Assurance Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £7.3b with healthy growth in recent years.

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Pomanda's financial health check has awarded The Prudential Assurance Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

2 Weak

Size

annual sales of £7.3b, make it larger than the average company (£947.7k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (14.3%)

EXPORT

The Prudential Assurance Company Limited's latest turnover from December 2023 is £7.3 billion and the company has net assets of £2.6 billion. According to their latest financial statements, we estimate that The Prudential Assurance Company Limited has 60,686 employees and maintains cash reserves of £829 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,301,000,000	5,854,000,000	3,721,000,000	4,826,000,000	11,200,000,000	-115,000,000	12,047,000,000	32,458,000,000	7,261,000,000	5,332,000,000	6,595,000,000	12,986,000,000	13,194,000,000	5,379,000,000	5,131,000,000
Other Income Or Grants
Cost Of Sales					7,607,970,843	-78,117,558						165,064,773	912,087,089	203,224,177
Gross Profit	7,301,000,000				3,592,029,157	-36,882,442						12,820,935,227	12,281,912,911	5,175,775,823
Admin Expenses	6,017,027,917	973,710,000	-115,827,546	-1,320,240,951	2,548,190,716	-1,540,902,643	-2,988,544,228	-142,066,250	-2,394,907,500	-5,949,994,209	-359,754,545	12,217,855,885	11,721,686,560	3,758,423,601	-535,264,722
Operating Profit	1,283,972,083	-973,710,000	115,827,546	1,320,240,951	1,043,838,441	1,504,020,201	2,988,544,228	142,066,250	2,394,907,500	5,949,994,209	359,754,545	603,079,342	560,226,351	1,417,352,222	535,264,722
Interest Payable	943,368,750	498,702,500	27,593,750	6,588,000	6,108,750	7,155,000	9,295,000	5,093,750		60,840,000	119,730,000	113,782,500	114,367,500	112,157,500	52,682,500
Interest Receivable	44,730,000	59,412,500	8,062,500	3,631,000	20,295,000	20,418,750	15,812,500	5,527,500	6,342,500	5,782,500	5,430,000	5,440,000	5,492,500	4,527,500	2,140,000
Pre-Tax Profit	390,000,000	-1,861,000,000	75,000,000	1,311,000,000	1,047,000,000	1,352,000,000	2,592,000,000	363,000,000	2,007,000,000	4,792,000,000	227,000,000	459,000,000	480,000,000	1,063,000,000	493,000,000
Tax	-101,000,000	448,000,000	3,000,000	-244,000,000	-190,000,000	-123,000,000	-166,000,000	-249,000,000	-86,000,000	-135,000,000	-38,000,000	-83,000,000	-146,000,000	-120,000,000	-144,000,000
Profit After Tax	289,000,000	-1,413,000,000	78,000,000	1,067,000,000	857,000,000	1,229,000,000	2,426,000,000	114,000,000	1,921,000,000	4,657,000,000	189,000,000	376,000,000	334,000,000	943,000,000	349,000,000
Dividends Paid	500,000,000	500,000,000	1,550,000,000	497,000,000	2,120,000,000	9,963,000,000	438,000,000	343,000,000	361,000,000	410,000,000	231,000,000	245,000,000	223,000,000	800,000,000
Retained Profit	-211,000,000	-1,913,000,000	-1,472,000,000	570,000,000	-1,263,000,000	-8,734,000,000	1,988,000,000	-229,000,000	1,560,000,000	4,247,000,000	-42,000,000	131,000,000	111,000,000	143,000,000	349,000,000
Employee Costs	2,952,446,723	1,627,763,598	36,514,953			6,000,000	6,000,000	6,000,000	4,000,000	5,000,000	71,000,000	60,000,000	47,000,000	43,000,000	39,000,000
Number Of Employees	60,686	23,396	536	695	49,443	272	1,856	93,804	12,272	2,197	1,110	940	865	813	801
EBITDA*	1,283,972,083	-973,710,000	115,827,546	1,320,240,951	1,043,838,441	1,504,020,201	2,988,544,228	142,066,250	2,394,907,500	5,949,994,209	363,754,545	607,079,342	564,226,351	1,420,352,222	538,264,722

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	160,938,000,000	162,778,000,000	181,941,000,000	191,526,000,000	191,799,000,000	178,822,000,000	192,545,000,000	179,783,000,000	146,067,000,000	144,231,000,000	139,742,000,000	138,358,000,000	112,229,000,000	111,170,000,000	105,940,000,000
Intangible Assets						6,000,000	8,000,000	20,000,000	34,000,000	51,000,000	147,000,000	173,000,000	201,000,000	217,000,000	230,000,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	160,938,000,000	162,778,000,000	181,941,000,000	191,526,000,000	191,799,000,000	178,828,000,000	192,553,000,000	179,803,000,000	146,101,000,000	144,282,000,000	139,889,000,000	138,531,000,000	112,430,000,000	111,387,000,000	106,170,000,000
Stock & work in progress
Trade Debtors	41,000,000	45,000,000	83,000,000	33,000,000	27,000,000	32,000,000	31,000,000	28,000,000	50,000,000	94,000,000	76,000,000	119,000,000	2,933,000,000	2,672,000,000	2,461,000,000
Group Debtors
Misc Debtors
Cash	829,000,000	875,000,000	2,520,000,000	3,930,000,000	3,332,000,000	2,080,000,000	3,365,000,000	2,960,000,000	1,462,000,000	1,075,000,000	1,238,000,000	934,000,000	1,242,000,000	955,000,000	856,000,000
misc current assets	718,000,000	679,000,000	721,000,000	797,000,000	963,000,000	954,000,000	1,113,000,000	1,431,000,000	948,000,000	928,000,000	863,000,000	903,000,000	975,000,000	838,000,000	765,000,000
total current assets	2,040,000,000	2,220,000,000	4,186,000,000	5,740,000,000	5,313,000,000	4,716,000,000	5,978,000,000	5,720,000,000	3,620,000,000	3,292,000,000	3,501,000,000	3,196,000,000	16,599,000,000	16,093,000,000	12,845,000,000
total assets	162,978,000,000	164,998,000,000	186,127,000,000	197,266,000,000	197,112,000,000	183,544,000,000	198,531,000,000	185,523,000,000	149,721,000,000	147,574,000,000	143,390,000,000	141,727,000,000	129,029,000,000	127,480,000,000	119,015,000,000
Bank overdraft
Bank loan
Trade Creditors	297,000,000	280,000,000	112,000,000	173,000,000	170,000,000	142,000,000	125,000,000	96,000,000	225,000,000	151,000,000	221,000,000	223,000,000	242,000,000	204,000,000	129,000,000
Group/Directors Accounts
other short term finances	7,031,000,000	9,740,000,000	759,000,000	124,000,000	92,000,000	89,000,000	123,000,000	163,000,000			1,872,000,000	1,812,000,000	1,689,000,000	1,830,000,000	1,621,000,000
hp & lease commitments
other current liabilities
total current liabilities	8,536,000,000	11,171,000,000	9,418,000,000	9,778,000,000	9,332,000,000	6,428,000,000	7,023,000,000	7,324,000,000	6,000,000,000	4,905,000,000	4,074,000,000	4,720,000,000	5,309,000,000	4,925,000,000	4,378,000,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	151,887,000,000	151,044,000,000	172,031,000,000	181,354,000,000	182,166,000,000	170,239,000,000	175,897,000,000	164,576,000,000	133,228,000,000	133,736,000,000	134,382,000,000	132,267,000,000	119,541,000,000	118,945,000,000	110,938,000,000
total liabilities	160,423,000,000	162,215,000,000	181,449,000,000	191,132,000,000	191,498,000,000	176,667,000,000	182,920,000,000	171,900,000,000	139,228,000,000	138,641,000,000	138,456,000,000	136,987,000,000	124,850,000,000	123,870,000,000	115,316,000,000
net assets	2,555,000,000	2,783,000,000	4,678,000,000	6,134,000,000	5,614,000,000	6,877,000,000	15,611,000,000	13,623,000,000	10,493,000,000	8,933,000,000	4,934,000,000	4,740,000,000	4,179,000,000	3,610,000,000	3,699,000,000
total shareholders funds	2,555,000,000	2,783,000,000	4,678,000,000	6,134,000,000	5,614,000,000	6,877,000,000	15,611,000,000	13,623,000,000	10,493,000,000	8,933,000,000	4,934,000,000	4,740,000,000	4,179,000,000	3,610,000,000	3,699,000,000

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,283,972,083	-973,710,000	115,827,546	1,320,240,951	1,043,838,441	1,504,020,201	2,988,544,228	142,066,250	2,394,907,500	5,949,994,209	359,754,545	603,079,342	560,226,351	1,417,352,222	535,264,722
Depreciation											4,000,000	4,000,000	4,000,000	3,000,000	3,000,000
Amortisation
Tax	-101,000,000	448,000,000	3,000,000	-244,000,000	-190,000,000	-123,000,000	-166,000,000	-249,000,000	-86,000,000	-135,000,000	-38,000,000	-83,000,000	-146,000,000	-120,000,000	-144,000,000
Stock
Debtors	-4,000,000	-38,000,000	50,000,000	6,000,000	-5,000,000	1,000,000	3,000,000	-22,000,000	-44,000,000	18,000,000	-43,000,000	-2,814,000,000	261,000,000	211,000,000	2,461,000,000
Creditors	17,000,000	168,000,000	-61,000,000	3,000,000	28,000,000	17,000,000	29,000,000	-129,000,000	74,000,000	-70,000,000	-2,000,000	-19,000,000	38,000,000	75,000,000	129,000,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	1,203,972,083	-319,710,000	7,827,546	1,073,240,951	886,838,441	1,397,020,201	2,848,544,228	-213,933,750	2,426,907,500	5,726,994,209	366,754,545	3,319,079,342	195,226,351	1,164,352,222	-1,937,735,278
Investing Activities
capital expenditure	1,840,000,000	19,163,000,000	9,585,000,000	273,000,000	-12,971,000,000	13,725,000,000	-12,750,000,000	-33,702,000,000	-1,819,000,000	-4,393,000,000	-1,362,000,000	-26,105,000,000	-1,047,000,000	-5,220,000,000	-106,173,000,000
Change in Investments
cash flow from investments	1,840,000,000	19,163,000,000	9,585,000,000	273,000,000	-12,971,000,000	13,725,000,000	-12,750,000,000	-33,702,000,000	-1,819,000,000	-4,393,000,000	-1,362,000,000	-26,105,000,000	-1,047,000,000	-5,220,000,000	-106,173,000,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans	-2,709,000,000	8,981,000,000	635,000,000	32,000,000	3,000,000	-34,000,000	-40,000,000	163,000,000		-1,872,000,000	60,000,000	123,000,000	-141,000,000	209,000,000	1,621,000,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue	-17,000,000	18,000,000	16,000,000	-50,000,000				3,359,000,000		-248,000,000	236,000,000	430,000,000	458,000,000	-232,000,000	3,350,000,000
interest	-898,638,750	-439,290,000	-19,531,250	-2,957,000	14,186,250	13,263,750	6,517,500	433,750	6,342,500	-55,057,500	-114,300,000	-108,342,500	-108,875,000	-107,630,000	-50,542,500
cash flow from financing	-3,624,638,750	8,559,710,000	631,468,750	-20,957,000	17,186,250	-20,736,250	-33,482,500	3,522,433,750	6,342,500	-2,175,057,500	181,700,000	444,657,500	208,125,000	-130,630,000	4,920,457,500
cash and cash equivalents
cash	-46,000,000	-1,645,000,000	-1,410,000,000	598,000,000	1,252,000,000	-1,285,000,000	405,000,000	1,498,000,000	387,000,000	-163,000,000	304,000,000	-308,000,000	287,000,000	99,000,000	856,000,000
overdraft
change in cash	-46,000,000	-1,645,000,000	-1,410,000,000	598,000,000	1,252,000,000	-1,285,000,000	405,000,000	1,498,000,000	387,000,000	-163,000,000	304,000,000	-308,000,000	287,000,000	99,000,000	856,000,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE PRUDENTIAL ASSURANCE COMPANY LIMITED group structure

The Prudential Assurance Company Limited has 52 subsidiary companies.

Ultimate parent company

M&G FA LIMITED

01048359

PRU LIMITED

05996709

2 parents

THE PRUDENTIAL ASSURANCE COMPANY LIMITED

00015454

52 subsidiaries

CRIBBS MALL NOMINEE (1) LIMITED

05312716

SMITHFIELD LIMITED

03000369

WESTWACKER LIMITED

03000370

PROPERTY PARTNERS (TWO RIVERS) LIMITED

04146177

M&G SO SPV 6 LIMITED

13168120

PRUDENTIAL UK REAL ESTATE GENERAL PARTNER LIMITED

10436487

M&G SO SPV 9 LIMITED

13168098

PRUDENTIAL REAL ESTATE INVESTMENTS 1 LIMITED

09713308

CAPACITY (DARTFORD) MANAGEMENT COMPANY LIMITED

09796601

PRUDENTIAL PENSIONS LIMITED

00992726

SCOTTISH AMICABLE FINANCE LIMITED

SC145322

PRUDENTIAL LIFETIME MORTGAGES LIMITED

SC073158

PLOT 8B BUCKINGWAY MANAGEMENT LIMITED

04330321

M&G SO SPV 17 LIMITED

13524251

FOUDRY PROPERTIES LIMITED

04551073

M&G SO SPV 5 LIMITED

13168162

SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

SZ000012

PRUDENTIAL REAL ESTATE INVESTMENTS 2 LIMITED

09713239

M&G SO SPV 7 LIMITED

13168079

M&G SO SPV 10 LIMITED

13168092

PRUDENTIAL RETIREMENT INCOME LIMITED

SC047842

PRUDENTIAL EQUITY RELEASE MORTGAGES LIMITED

09713315

ST EDWARD HOMES LIMITED

05857216

PRUDENTIAL HOLBORN LIFE LIMITED

00793051

BWAT RETAIL NOMINEE (2) LIMITED

05312714

SES MANAGER LIMITED

07826169

EDGER INVESTMENTS LIMITED

00543425

M&G SO SPV 2 LIMITED

13168176

PPMC FIRST NOMINEES LIMITED

04369765

M&G SO SPV 16 LIMITED

13524320

MANCHESTER NOMINEE (1) LIMITED

05342789

BWAT RETAIL NOMINEE (1) LIMITED

05312712

PVM PARTNERSHIPS LIMITED

02330851

PRUDENTIAL CORPORATE PENSIONS TRUSTEE LIMITED

03656798

M&G SO SPV 14 LIMITED

13524013

AGLP GP LIMITED

15867394

CARRAWAY GUILDFORD GENERAL PARTNER LIMITED

03974044

WESSEX GATE LIMITED

04257224

M&G SO SPV 3 LIMITED

13168110

M&G SO SPV 4 LIMITED

13168198

M&G SO SPV 11 LIMITED

13168103

CRIBBS CAUSEWAY JV LIMITED

05343227

M&G SO SPV 8 LIMITED

13168080

M&G SO SPV 18 LIMITED

13524239

M&G SO SPV 15 LIMITED

13524312

CARDINAL DISTRIBUTION PARK MANAGEMENT LIMITED

02607622

PACUS (UK) LIMITED

02078629

PRUTEC LIMITED

01508295

MANCHESTER JV LIMITED

05343255

PRUDENTIAL REAL ESTATE INVESTMENTS 3 LIMITED

09713332

M&G SO SPV 1 LIMITED

13167983

MM&S (2375) LIMITED

SC175592

THE PRUDENTIAL ASSURANCE COMPANY LIMITED Shareholders

m & g prudential limited

100%

The Prudential Assurance Company Limited currently has 11 directors. The longest serving directors include Dr Ian Owen (Apr 2018) and Mr Ronald Bowie (Sep 2020).

officer	country	age	start	end	role
Dr Ian Owen		71 years	Apr 2018	-	Director
Mr Ronald Bowie		71 years	Sep 2020	-	Director
Mr Ronald Bowie	Scotland	71 years	Sep 2020	-	Director
Mr David Watson	United Kingdom	66 years	Nov 2020	-	Director
Mr David Watson		65 years	Nov 2020	-	Director
Mrs Louise Fowler	England	60 years	Jun 2021	-	Director
Mariken Tannemaat	England	53 years	Sep 2021	-	Director
Mr Spencer Horgan	United Kingdom	50 years	Aug 2022	-	Director
Mr Spencer Horgan	United Kingdom	50 years	Aug 2022	-	Director
Mr Clive Bolton	England	63 years	Sep 2023	-	Director

P&L

December 2023

turnover

7.3b

+25%

operating profit

1.3b

gross margin

100%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.6b

-0.08%

total assets

163b

-0.01%

cash

829m

-0.05%

net assets

Total assets minus all liabilities

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company number

00015454

Type

Private limited with Share Capital

industry

65201 - Life reinsurance

incorporation date

June 1881

ultimate parent company

M&G FA LIMITED

previous names

N/A

address

10 fenchurch avenue, london, EC3M 5AG

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 76 charges/mortgages relating to the prudential assurance company limited. Currently there are 67 open charges and 9 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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the prudential assurance company limited Company Information

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the prudential assurance company limited Estimated Valuation

the prudential assurance company limited Estimated Valuation

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THE PRUDENTIAL ASSURANCE COMPANY LIMITED financials

the prudential assurance company limited Credit Report and Business Information

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the prudential assurance company limited company details

the prudential assurance company limited Charges & Mortgages

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