Prudential set to post 12% rise in H1 new business profit: UOBKayHian

Analysts forecast a total shareholder return yield of around 5% for 2026 to 2027.

Prudential is expected to post a 12% year-on-year increase in new business profit (NBP) for H1 2025, supported by 5.5% growth in annual premium equivalent (APE) and margin gains across key markets, including Hong Kong, Singapore, and China, according to a UOBKayHian research note.

The insurer is also set to provide updates on its capital management strategy following the partial sale of its stake in ICICI Prudential Asset Management Company.

The IPO could raise around $1.2b, with net proceeds likely returned to shareholders via special buybacks, adding to regular payouts. 
Analysts forecast a total shareholder return yield of around 5% for 2026 to 2027.

In China, sales recovered after product restructuring, though margins may decline due to a shift to participating products. 
Hong Kong growth was driven by demand from mainland Chinese visitors ahead of regulatory changes in July.

Prudential’s share price has risen 58% year-to-date, narrowing its valuation gap with AIA. Net profit is forecast to rise 28.5% to $3.03b in 2025.