British insurer Prudential Plc said on Tuesday its solvency capital ratio was 190% on June 30, 2015 under new European rules for insurers.
The company's estimated Group Solvency II surplus at end-June, 2015 was 9.2 billion pounds (US$13.11 billion), Prudential said in a statement ahead of an investor day.
A ratio of 100% shows insurers have sufficient capital to cover underwriting, investment and operational risks.
Prudential is the first British insurer to release details of its capital ratio under the Solvency II rules, which came into effect this month. The insurer, however, did not disclose how the same solvency capital ratio fared at the end of 2015.
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The company's estimated Group Solvency II surplus at end-June, 2015 was 9.2 billion pounds (US$13.11 billion), Prudential said in a statement ahead of an investor day.
A ratio of 100% shows insurers have sufficient capital to cover underwriting, investment and operational risks.
Prudential is the first British insurer to release details of its capital ratio under the Solvency II rules, which came into effect this month. The insurer, however, did not disclose how the same solvency capital ratio fared at the end of 2015.
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