Pru UK sales only up 4% in 2010

The insurance giant recorded group-wide sales of £1.36bn for the first five months of 2010, up 27%. Its Asian business posted a 33% jump in sales, while new business in the US soared 41%. Prudential UK saw muted growth in comparison, with sales up 4% to £322m. "Our strategy to focus capital on the most profitable geographies and products is delivering excellent results," Pru CEO Tidjane Thiam says. "We have been consistent in our commitment to our strategy and the proposed acquisition of AIA was intended to accelerate this strategy. "Throughout the period of our proposed tran...