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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/03/pru-and-standard-life-results-due.jpg"><img class="alignnone size-full" title="Prudential is expected to post operating profits of 1.7 billion pounds, up 20 per cent from 1.4 billion pounds" src="http://londonglossy.com/wp-content/uploads/2011/03/min-pru-and-standard-life-results-due.jpg" alt="Prudential is expected to post operating profits of 1.7 billion pounds, up 20 per cent from 1.4 billion pounds"/></a></p>
<p>The attention of investors will turn from banking to the insurance sector next week with results from key players Standard Life and Prudential.</p>
<p>Prudential is expected to post operating profits of £1.7 billion, up 20% from £1.4 billion, in its annual results on Wednesday after a year dominated by talk of its expansion in Asian markets.</p>
<p>The insurer recently revealed its intention to double the 2009 value of new business profits in Asia &#8211; which were £713 million &#8211; by 2013.</p>
<p>The rapidly-expanding economies of South East Asia are ripe for growth as the penetration of insurance products remains low in comparison with developed countries.</p>
<p>The company is still looking to rebuild bridges with the City following its abortive bid to land the Asian arm of US group AIG last year.</p>
<p>Despite the failure of the bid, which came after its major investors baulked at the 35.5 billion dollar (£22.6 billion) asking price, Prudential has stuck to its strategy of organic growth in Asia.</p>
<p>In the UK, the Pru has concentrated on driving profits through value rather than volume growth. December&#8217;s severe weather is likely to have driven up weather-related costs at the end of the financial year.</p>
<p>Standard Life follows on Thursday and the results are expected to paint a different picture with operating profits set to decline by 11% to £355 million, from £399 million in the previous year. In its half-year results, the insurer reported a 5% decrease in UK profits due to lower volumes of annuity business and increased costs relating to investment in new areas of business.</p>
<p>But the group is expected to cheer investors with a 5% increase in its final dividend. Like Prudential, Standard has benefited from a strong performance in international markets, particularly in India where it has highlighted &#8220;great potential&#8221;.</p>
<p>However, Andrew Crean, analyst at Autonomous, said Standard Life would continue to under perform in the UK. He said: &#8220;Standard Life has chosen to compete mainly in the retail savings and retail and corporate pensions market within the UK, an area where margins are relatively slim and competition considerable.&#8221;</p>
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