Prudential reported third-quarter annual premium equivalent (APE) sales of $1.6bn, down 6% on a constant currency basis.
New business profit rose 1% to $709mn, taking the year-to-date total to $2.1bn, up 6%. Excluding China, new business profit grew 13% in the quarter. New business margins improved by 3 percentage points to 44%.
Eastspring's funds under management stood at $286bn at the end of September, down from $291bn at the end of June.
Management said hitting its 2026 new business profit guidance is now harder than expected, with China set to be 10-15% lower than last year.
The shares were broadly flat in early trading.
Our view
HL view to follow.
Prudential key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.