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Prudential (LSE:PRU) Tax Rate % : 53.81% (As of Jun. 2024)


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What is Prudential Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Prudential's Tax Expense for the six months ended in Jun. 2024 was £167 Mil. Prudential's Pre-Tax Income for the six months ended in Jun. 2024 was £310 Mil. Therefore, Prudential's Tax Rate % for the quarter that ended in Jun. 2024 was 53.81%.

Prudential Tax Rate % Historical Data

The historical data trend for Prudential's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prudential Tax Rate % Chart

Prudential Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.91 15.13 17.26 -55.05 18.36

Prudential Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.73 27.84 19.40 17.03 53.81

Prudential Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Prudential's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=304.15/1656.63
=18.36 %

Prudential's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=166.632/309.684
=53.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Prudential Tax Rate % Related Terms

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Prudential Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Prudential PLC (LSE:PRU) » Definitions » Tax Rate %
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Traded in Other Exchanges
PUKPF:USA PUK:USA K6S:Singapore 02378:Hong Kong PRUl:UK PRU:Germany PRU:Germany
Address
1 Angel Court, London, GBR, EC2R 7AG
Website
https://www.prudentialplc.com
Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company also became renowned for its focus on building requisite internal capabilities to support its strong product offerings, including compelling technology and a large and well-trained sales personnel.