Prudential Plc Reports US$1.38 Billion First-Half Profit

Prudential Plc reported new business profit of US$1.38 billion for the first half of the year ending June 30. Growth figures vary by source, with reports citing an 8 per cent increase or a 10 per cent increase after accounting for exchange-rate movements. This represents a slowdown from the 12 per cent surge recorded during the first half of 2025.

The insurer attributed the profit growth to strong demand from wealthy clients in Hong Kong and Malaysia. To return value to shareholders, the company announced a US$300 million share buy-back program scheduled for completion by December.

Despite the gains, the company faces market uncertainty. Concerns include a potential decline in visitors from mainland China to Hong Kong and the impact of efforts by Chinese authorities to collect taxes on savings products purchased by mainland customers.