Prudential nine month sales up 15 percent
Life insurer Prudential said its sales rose 15 percent over the first nine months of the year, and confirmed it was interested in buying parts of American International Group's Asian business.
Prudential sales boosted by Asia marketsThe country's second-biggest life insurer said group sales for the nine months to Sept 30 were 2.3 billion pounds, an increase of 15 percent on the same period last year.
Analysts had expected sales of 2.282 billion pounds, according to a consensus forecast supplied by the company.
Prudential also signalled it was potentially interested in acquiring parts of AIG's Asian operations.
"We are of course monitoring closely AIG's disposal programme and considering what, if any, opportunities may arise that would create additional value for our shareholders," Prudential Chief Executive Mark Tucker said in a statement.
At the weekend, the Sunday Times said Prudential was in advanced talks with two strategic investors to take a 20 percent stake in the company, with proceeds from the sale to be used to finance a bid for AIG's Asian unit.
(Reporting by Myles Neligan; Editing by Quentin Bryar)
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