Prudential concludes $2bn share buyback, plans more in 2026

Prudential plc announced the completion of its $2 billion share buyback program, with the final $500 million tranche concluding on December 24, 2025. This latest tranche involved the repurchase of 36,881,649 ordinary shares at a volume-weighted average price of 1,012.7 pence per ordinary share.

Cumulatively, the 2025 share buyback programs, including an earlier $800 million tranche, have returned $1.3 billion to shareholders. These initiatives have reduced the company's issued share capital by 120 million shares, representing 4.5% of the issued share capital as of January 1, 2025. The repurchased shares are intended to be cancelled, resulting in 2,548,211,609 shares in issue post-transaction.

Prudential has indicated plans to commence a further share buyback program in early 2026, with additional details to be released. The board of directors includes chair Shriti Vadera and chief executive Anil Wadhwani.