(March 18): Prudential plc’s new business profit rose, thanks to growth in Hong Kong and China markets, as the insurer said it will buy back an additional US$1.2 billion (RM4.7 billion) in its own stock. New business profit climbed 13% to US$2.78 billion on an actual exchange rate basis in the 12 months to Dec 31, according to a statement on Wednesday. The growth rate would have been 12% on a constant exchange rate basis, excluding interest rate and other economic movements. Prudential, which operates in 20 markets in Asia and Africa, has a plan to double new business profit to as much as US$5.4 billion by 2027 from the level in 2022. The growth rate has factored in currency changes and other economic movements.

Source: The Edge Markets March 18, 2026 07:23 UTC