Prudential posts 7% rise in H1 2025 profit to $1.4b

Earnings per share rose 12% to 49.3 cents.

Prudential plc posted a 7% year-on-year (YoY) increase in adjusted operating profit after tax to US$1.37b for the first half of 2025 (H1 2025). Meanwhile, IFRS profit after tax was at US$1.34b.

Earnings per share rose 12% to 49.3 cents.

New business profit on a traditional embedded value basis grew 12% to US$1.26b, whilst operating free surplus from in-force insurance and asset management increased 14% to US$1.56b.

Group TEV equity stood at US$35b, or 1,354 cents per share. 

The free surplus ratio was 221%, down from 234% at end-2024, whilst GWS shareholder surplus over GPCR reached US$16.2b, equal to a 267% coverage ratio.

Between January and June, Prudential repurchased 72 million shares worth US$711m and expects to complete the current programme by year end. 

The first interim dividend was lifted 13% to 7.71 cents per share.

Looking ahead, the company plans annual dividend growth of more than 10% from 2025 to 2027, with additional buybacks of US$500m in 2026 and US$600m in 2027. 

By 2027, Prudential expects to have returned over USUS$5b to shareholders, excluding potential proceeds from the planned IPO of ICICI Prudential Asset Management.

“Reflecting our strategic progress and investments in the growth drivers of the business, we are confident we will carry this momentum into the second half and beyond, keeping us firmly on track to achieve our 2027 financial objectives,” CEO Anil Wadhwani said in a press statement.