CGS International expects Prudential to post strong growth by 2027

The insurer targets $3.4b to $4.2b in new business profit by 2027.

CGS International expects Prudential to post strong growth through 2027, supported by rising demand in key markets and higher capital returns. 

The insurer targets $3.4b to $4.2b in new business profit by 2027, an 11% to 20% compound annual growth rate from 2024, and projects operating free surplus generation to grow 19% annually.

Hong Kong remains its biggest market, with first-half NBP up 16%, driven by 17% domestic growth and 15% from mainland Chinese visitors. 

Bancassurance rose 28%, whilst agency NBP grew 15% with higher productivity and new recruitment targets. 

China’s bancassurance NBP climbed 33%, supported by strong sales through CITIC Bank.

Prudential plans to return over $5b to shareholders by 2027, including $1.1b in buybacks and double-digit annual dividend growth.