Quarterly ResultApr 29, 2026, 06:42 AM
PUK Q1 New Business Profit +10% to $686M; APE Sales +6%
AI Summary
Prudential PLC reported a strong Q1 2026, with new business profit increasing 10% to $686 million and APE sales growing 6% to $1,823 million on a constant exchange rate basis. The company also saw a 2 percentage point improvement in new business margin. CEO Anil Wadhwani highlighted broad-based performance across segments and reaffirmed confidence in achieving double-digit growth for 2026 and 2027 financial objectives. Additionally, Prudential repurchased $312 million in shares during the quarter as part of its $1.2 billion buyback program.
Key Highlights
- Q1 new business profit increased 10% to $686 million (CER).
- Q1 APE sales grew 6% to $1,823 million (CER).
- New business margin improved by 2 percentage points to 38%.
- Hong Kong, Mainland China, and Malaysia delivered double-digit new business profit growth.
- Eastspring reported net inflows, with funds under management at $268.9 billion.
- Repurchased approximately 20 million shares for $312 million in Q1 2026.
- Reaffirmed 2027 financial objectives, including 15-20% NBP CAGR.