LONDON: Insurer Prudential posted a 12 per cent rise in annual new business profit on Wednesday, helped by resilient momentum in its Asia and Africa markets. New business profit in its key Hong Kong unit rose 12 per cent, driven by stronger sales and margins across local and Mainland Chinese customers. At the group's Mainland China joint venture, CITIC Prudential Life, new business profit rose 27 per cent, supported by strong annual premium equivalent sales growth in the second half. Its Indonesian segment posted 11 per cent growth in new business profit, driven by margin expansion on a shift to higher-margin products. In fiscal 2025, adjusted operating profit before tax increased to US$3.31 billion from US$3.13 billion last year, on a constant exchange rate basis.

Source: New Strait Times March 18, 2026 00:48 UTC