Prudential plc has released its financial results for the six months ended 30 June 2025, alongside updated guidance on capital returns.
Some performance highlights are:
- New business profit on a traditional embedded value (TEV) basis was up 12% to $1.26bn per cent to $1,260 million.
- Operating free surplus generated from in-force insurance and asset management business went up 14% to $1.56bn.
- Adjusted operating profit before tax rose by 6% to $1.64bn. Adjusted operating profit after tax increased by 7% to $1.37bn.
- Repurchased 72m shares for $711m from 1 January to 30 June 2025. The programme is expected to be completed by the end of the year.
“We are pleased with our strong performance in the first half of 2025, delivering double-digit growth across our key metrics in line with the guidance we gave earlier in the year,” said Prudential CEO Anil Wadhani.
“We have reached the inflection point in our capital generation, enabling us to update our capital management programme and increase shareholder returns, which validates our business model and its ability to generate sustainable cash returns.”
Mr Wadhani also said, “Reflecting our strategic progress and investments in the growth drivers of the business, we are confident we will carry this momentum into the second half and beyond, keeping us firmly on track to achieve our 2027 financial objectives."
Capital management update
The company has moved to a total return orientation out of annual flow of capital generation.
- Additional returns of capital are $500m share buyback in 2026 and $600m in 2027.
- Over the period 2024 to 2027, the company expects to return more than $5bn to shareholders, including the above returns.