Prudential Plc (PUK,PRU.L,2378.HK) reported Wednesday higher new business profit in its first quarter with growth across all segments. New business profit margin and APE also were higher in the quarter.
New business profit was $686 million, up 13 percent from last year's $608 million. At constant exchange rate, new business profit grew 10 percent. New business profit margin was 38 percent, up from 36 percent last year.
In the first quarter of the year, the company recorded higher new business profit growth in each of its segments with Hong Kong, Mainland China and Malaysia delivering double-digit growth.
APE sales were $1.82 billion, 9 percent higher than $1.68 billion a year ago. At constant exchange rate, sales grew 6 percent.
CEO Anil Wadhwani said, "Performance was broad-based across segments, with higher APE sales and improved new business margins, reflecting our disciplined execution and continued focus on driving high-quality growth.... We remain confident in delivering double-digit growth across our key financial metrics in 2026 and achieving our 2027 financial objectives."
In Hong Kong, the shares were trading at HK$118.200, down 0.17%.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.