Prudential plc reports double-digit Q3 new business profit growth

Prudential plc reported a 13% increase in Q3 new business profit on a constant exchange rate (CER) basis, reaching $705 million for the three months ended September 30, 2025, compared to $626 million in the prior year. APE sales also saw a 10% rise to $1,716 million during the same period, with the new business margin improving by 1 percentage point to 41%. For the nine months ended September 30, 2025, new business profit grew 12% to $1,964 million, and APE sales rose 6% to $5,002 million (all CER).

The company's chief executive, Anil Wadhwani, highlighted continued double-digit growth momentum, emphasizing strong execution and improved consistency across quarters. Growth in new business profit was observed through both bancassurance and agency channels, with targeted shifts towards health and protection products improving margins in Hong Kong. Mainland China’s joint venture, CITIC Prudential Life, also delivered strong growth in both volume and new business profit.

Eastspring funds under management or advice reached $286.4 billion at the end of Q3 2025, supported by net inflows of $3.4 billion. Prudential also repurchased approximately 20 million shares for $258 million during the quarter, bringing the total under its current buyback program to 184 million shares for a total consideration of $1,754 million, with the program expected to be completed by year-end.