Strong top-line expansion in retail health, combined with operational cost efficiencies and lower claims ratios, supported the turnaround in underwriting profitability.
Growth in Hong Kong, Malaysia and other Asian markets helped sustain Prudential's year-to-date momentum as mainland China remained a drag on performance.
Large-risk and flood claims turned the fire book loss-making, while a ₹7.15bn (US$75m) motor third-party provision tied to a court ruling added to underwriting pressure.
A favourable product mix and stronger insurance earnings offset investment-related pressures on profitability, even as third-quarter net profit fell 72% year on year.
