Economic OutlookSlower-than-expected China and Asian economic growth, along with rising pricing competition, may lead to a decline in new business profit margin and affect capital resources.
Interest Rate ImpactNear-term headwind due to 10yr-UST yield shooting up 79bps in 4Q24, expected to exert pressure on Prudential’s full-year NBP.
Regulatory RisksDownside risks for Prudential include lower investment yields and greater regulatory risk.