Prudential PLC Q1 2026 Business Performance Update

Prudential PLC announced a strong first quarter for 2026, with a 10% increase in new business profit to $686 million and a 6% rise in APE sales to $1,823 million, both on a constant exchange rate basis. The company experienced growth across all segments, with notable performance in Hong Kong, Mainland China, and Malaysia. The CEO, Anil Wadhwani, highlighted the company's resilient multi-channel, multi-market business model and disciplined execution in driving high-quality growth. Prudential remains confident in achieving double-digit growth in key financial metrics for 2026 and meeting its 2027 financial objectives. The company also repurchased approximately 20 million shares for $312 million in the first quarter as part of its $1.2 billion buyback program for 2026.