Prudential plc (PRU.L,PUK), an insurance and asset management company, on Tuesday announced the launch of a share buyback programme of up to $1.2 billion as part of its capital management strategy to return capital to shareholders.
The programme is expected to be completed no later than December 18, 2026.
The programme is intended to reduce issued share capital and follows the completion of a $2 billion buyback in 2025.
The $1.2 billion buyback comprises $500 million of recurring capital returns and $700 million from net proceeds of the initial public offering of ICICI Prudential Asset Management Company Ltd., which was completed in December 2025.
The remaining IPO proceeds are expected to be returned to shareholders in 2027.
The programme represents approximately 3% of Prudential's issued share capital based on the January 5, 2026, closing share price.
The company also confirmed plans to continue separate neutralisation buybacks to offset dilution from employee share schemes and potential scrip dividends, in addition to the newly announced programme.
On Monday, Prudential closed trading 2.03% higher at 1,178 pence on the London Stock Exchange.
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