Prudential PLC reaffirmed its full-year 2026 growth targets after reporting slower first-half results, with new business profit rising 8% at constant exchange rates, in line with market expectations. JP Morgan highlighted that while new business profit fell in Hong Kong due to a strong 2025 comparator, double-digit growth is expected later in the year. Mainland China faces challenges with flat new business profit due to margin pressure, but stronger growth in Hong Kong, Malaysia, and other markets should balance this. Prudential also increased its share buyback program to $1.5 billion and showed stronger-than-expected cash flow and positive expense trends, suggesting potential investor relief and confidence going forward.
Jefferies has reaffirmed its 'buy' rating on Prudential PLC, highlighting management's confidence in demand for its Hong Kong insurance products. Prudential reported a 9% rise in adjusted operating profit before tax to $1.81 billion and a 10% increas...
Prudential PLC reported a 9% rise in adjusted operating profit before tax to $1.81 billion for the first half of 2026, driven by an 8% increase in new business profit and improved margins. The insurer raised its interim dividend by 15% and expanded i...
