PRUDENTIAL PLC (PUK) Form 6-K — Aug 27, 2026
Prudential plc reported half year 2026 results with new business profit up 8 per cent to $1,384 million, new business margin up 2 percentage points to 40 per cent, and adjusted operating profit after tax up 10 per cent to $1,523 million. Adjusted earnings per share rose 17 per cent to 58.4 cents and operating free surplus generation grew 15 per cent to $1,791 million. The Board approved a first interim dividend of 8.88 cents per share, up 15 per cent, and Prudential is adding circa $0.3 billion to its previously announced $1.2 billion 2026 share buyback programme.
Key figures
- Eps
- 58.4 cents adjusted operating EPS (H1 2026, +17% CER); IFRS basic EPS 37.9 cents (-23%)
- Guidance
- FY26: double-digit growth in new business profit, Gross OFSG and adjusted EPS, plus double-digit DPS growth; 2027 objectives: 15-20% new business profit CAGR (2022-2027) and at least $4.4 billion of OFSG in 2027; Chinese Mainland FY26 new business profit expected similar to 2025
- Net Income
- $995 million IFRS profit after tax, down 27% vs H1 2025
- Cash Position
- $3.7 billion holding company cash and short-term investments at 30 June 2026 (31 Dec 2025: $4.3 billion)
- Shares Outstanding
- 2,515 million weighted average shares in H1 2026 (H1 2025: 2,609 million)
- Ape Sales
- $3,428 million, +3% CER
- Agency NBP
- $749 million, +5% CER
- Gross OFSG
- $1,791 million, +15%
- Active Agents
- ~55,000, -4% year-on-year
- Eastspring FUM
- $290.8 billion (31 Dec 2025: $277.7 billion)
- Group TEVEquity
- $39.1 billion (1,557 cents per share)
- Bancassurance NBP
- $586 million, +13% CER
- China Mainland NBP
- $159 million (Group 50% share), -4% CER, margin 34% (-9 ppts)
- Free Surplus Ratio
- 209% (31 Dec 2025: 221%)
- Claims Cost Savings
- over $75 million from fraud, waste and abuse detection
- New Business Margin
- 40%, +2 ppts
- New Business Profit
- $1,384 million, +8% CER
- Buyback Addition2026
- circa $0.3 billion added to previously announced $1.2 billion 2026 programme
- Capital Returns H1 2026
- $1.0 billion ($399m dividends + $648m buybacks)
- Ifrs Shareholders Equity
- $19.8 billion at 30 June 2026
- Adjusted Shareholders CSM
- $23.0 billion (31 Dec 2025: $22.0 billion)
- Planned Returns2026 2027
- $2.8 billion; on track for over $7 billion 2024-2027
- Short Term Market Fluctuations
- $(626) million negative non-operating item
- First Interim Dividend Per Share
- 8.88 cents, +15% (2025: 7.71 cents)
- Shareholders GWSCoverage Ratio
- 268%
- Operating Return On Embedded Value
- 15%
- Adjusted Operating Profit After Tax
- $1,523 million, +10% CER
- Adjusted Operating Profit Before Tax
- $1,812 million, +9% CER
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