By Katherine Hamilton
Prudential PLC logged a higher profit in the first half of the year, beating consensus projections across its financial results.
The insurance-and-investment company said Tuesday that its first-half IFRS-adjusted operating profit was $1.64 billion, up from $1.54 billion a year earlier. That beat analysts' estimates of $1.63 billion, according to a company-compiled consensus.
Annual premium equivalent sales, a key industry metric, rose 6% to $3.29 billion, ahead of consensus of a consensus estimate of $3.27 billion.
Prudential's new business profit came in at $1.26 billion, up from a year ago and higher than the consensus of $1.24 billion.
Prudential has reached the inflection point in its capital generation, which is allowing it to update its capital management program and increase shareholder returns, Chief Executive Anil Wadhwani said. The company is on track to reach its goals for 2027, he said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
August 26, 2025 18:49 ET (22:49 GMT)
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