Prudential’s subsidiary profitable as of 2018

In December 2013, the Prudential Group exhibited its confidence in the Ghanaian market by taking control of Express Life Insurance Company. The new subsidiary has posted a turnover of 4 million GHS (1.6 million USD) in 2013.

British giant relies on the Ghanaian entity to expand into other African countries, including Nigeria and Kenya. To support its expansion strategy, Prudential has invested in April an additional 5 million USD in this subsidiary. The manager of Express Life Insurance plans to reap the first benefits within four years.