Financial Data and Key Metrics Changes - The company achieved double-digit growth across key financial metrics, with new business profit and adjusted operating profit after tax per share both increasing by 12% [5][11] - Gross OFSG and dividend per share both rose by 15%, reflecting strong financial performance [5][12] - The return on embedded value increased to 15%, with net OFSG up 22% year-over-year [11][12] Business Line Data and Key Metrics Changes - The bancassurance channel delivered over $1 billion in new business profit, contributing significantly to overall growth [8][10] - Agency channel productivity improved by 15%, although active agents declined by 11% [28][29] - The company reported a 27% growth in new business profit in Mainland China, with strong contributions from both bancassurance and agency channels [22][24] Market Data and Key Metrics Changes - The company noted strong performance in Singapore, Indonesia, and Malaysia, with Singapore sales growing by 19% in the second half of 2025 [71] - Indonesia achieved 11% growth in new business profit, marking a recovery from previous years [72] - Malaysia's new business profit growth improved significantly in the second half of 2025, with expectations for double-digit growth in 2026 [73] Company Strategy and Development Direction - The company is focused on a five-year strategic transformation plan, aiming for consistent quality new business and cash generation [7][10] - There is a strong emphasis on enhancing agency productivity and bancassurance capabilities, with plans to expand the PRUVenture recruitment scheme across ASEAN markets [30][40] - The company aims to return over $7 billion of capital to shareholders between 2024 and 2027, reflecting a commitment to shareholder value [6][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining double-digit growth across financial metrics for 2026, supported by a robust multi-market and multi-channel model [21][22] - The company acknowledged the volatile microenvironment but highlighted significant structural growth opportunities in Asia and Africa [9][10] - Management is optimistic about the agency transformation and expects to return to positive operating variances by 2027 [16][46] Other Important Information - The company successfully completed the IPO of its Indian asset management company and increased its holding in the Malaysian conventional business to 70% [5][6] - The financial strength was recognized by S&P with an upgrade to AA rating [12] Q&A Session Questions and Answers Question: Outlook for growth in China and Hong Kong - Management noted a strong 27% growth in new business profit in Mainland China and expressed confidence in maintaining momentum into 2026, while acknowledging challenges in Hong Kong due to regulatory changes [19][22][24] Question: Agency growth initiatives - Management highlighted the importance of agency transformation and productivity, with a focus on quality recruitment and enhancing agent performance through technology [26][28][30] Question: Non-Chinese market outlook - Management provided positive outlooks for Singapore, Indonesia, and Malaysia, with expectations for continued double-digit growth in these markets [71][72][73] Question: Capital remittances and variances - Management explained that capital remittances were influenced by strong equity market performance and expressed confidence in returning to historic positive operating variances [44][46]

Financial Data and Key Metrics Changes - The company achieved double-digit growth across key financial metrics, with new business profit and adjusted operating profit after tax per share both increasing by 12% [4][11] - Gross OFSG and dividend per share both rose by 15%, indicating strong financial performance [4][12] - The return on embedded value increased to 15%, reflecting improved capital management and operational efficiency [11] Business Line Data and Key Metrics Changes - New business profit in the bancassurance channel crossed the $1 billion mark, contributing significantly to overall growth [6] - Agency channel productivity improved by 15%, although active agents declined by 11% [28] - The company successfully completed the IPO of its Indian asset management company and increased its holding in the Malaysian conventional business to 70% [4] Market Data and Key Metrics Changes - In mainland China, new business profit grew by 27%, with strong contributions from both bancassurance and agency channels [22] - Hong Kong's new business profit grew by 12%, with a focus on quality over quantity in product offerings [24] - The company anticipates continued growth in Indonesia, Malaysia, and Singapore, with expectations of double-digit growth in these markets [77] Company Strategy and Development Direction - The company is focused on executing a five-year strategic transformation plan, aiming for consistent quality new business and cash generation [5] - There is a strong emphasis on enhancing agency productivity and expanding the bancassurance channel [6][27] - The company plans to return over $7 billion of capital to shareholders between 2024 and 2027, demonstrating a commitment to shareholder value [5][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining momentum into 2026, with guidance for double-digit growth across financial metrics [10][21] - The company is addressing challenges in the agency channel and is committed to improving recruitment and productivity [27][28] - Management highlighted the importance of quality growth and risk discipline in driving future performance [22][24] Other Important Information - The company plans to invest between $300 million and $350 million to complete its capability investment program by 2026 [15] - The free surplus ratio ended the year at 221%, indicating a robust capital position [12] - The company is focused on modernizing technology and embedding analytics and AI to enhance operational efficiency [7] Q&A Session Summary Question: Outlook for growth in China and Hong Kong - Management is pleased with the 27% growth in China and expects to maintain momentum into 2026, while Hong Kong's growth is expected to return to double-digit levels despite regulatory challenges [21][22][24] Question: Agency growth initiatives - Management acknowledged that agency growth has not met expectations but emphasized ongoing transformation efforts and productivity improvements [27][28] Question: Capital remittances and investment margins - The company plans to maintain a remittance rate of 70% and is focused on balancing surplus capital between subsidiaries and the holding company [46][48] Question: Wealth management opportunities - Management is actively exploring third-party channels for wealth management solutions while maintaining a strong focus on agency and bancassurance [63] Question: Non-Chinese market outlook - Management expects strong contributions from Singapore, Indonesia, and Malaysia, with double-digit growth anticipated in these markets [75][77]

Group 1 - The company is responsible for the development of transcript-related projects [1] - It publishes thousands of quarterly earnings calls per quarter and is expanding its coverage [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2026年3月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | ...

Prudential plc 2025 Full Year Results 18 March 2026 2378.HK PRU.L Forward-looking statements This document contains 'forward-looking statements' with respect to certain of Prudential's (and its wholly- and jointly-owned businesses') current plans, goals and expectations relating to future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including statements about Prudential's (and its wholly- and jointly-owned businesses') beliefs and expectations ...

Financial Data and Key Metrics Changes - The company achieved double-digit growth across key financial metrics, with new business profit increasing by 12% to $2.8 billion and operating profit per share also growing by 12% [2][28] - Gross operating free surplus generation grew by 15% to $3.1 billion, and the dividend per share was increased by 15% [2][28] - The company completed a $2 billion share buyback program and launched an additional $1.2 billion buyback for 2026 [1][28] Business Line Data and Key Metrics Changes - Bancassurance new business profit grew by 27%, contributing significantly to overall growth, while agency new business profit grew by 4% [31][57] - In Mainland China, new business profit increased by 27%, driven by bancassurance, while in Hong Kong, it rose by 12% [3][33] - Indonesia saw an 11% increase in new business profit, with agency productivity improving by 18% [4][37] - Malaysia's new business profit grew by 5%, and Singapore's increased by 2% [5][38] Market Data and Key Metrics Changes - The company reported broad-based growth across all markets, with significant contributions from Asia and Africa [26][57] - In Taiwan, APE sales grew by 5%, while Thailand saw a 9% increase in APE sales [39] - Africa experienced a 24% increase in APE, while India reported a 22% growth in retail protection despite an overall sales decline [40] Company Strategy and Development Direction - The company is focused on sustaining strong bancassurance momentum while enhancing agency strength and quality [11][12] - There is an emphasis on improving customer engagement and integrating health and protection with savings propositions [20][21] - The company aims to leverage technology and AI to enhance operational efficiency and customer experience [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth across key financial metrics in 2026 and 2027 [28][58] - The company highlighted the significant growth opportunities in Asia, driven by rising incomes and a large mortality protection gap [26][57] - Management noted the importance of disciplined capital management and ongoing shareholder returns, with over $7 billion expected to be returned to shareholders between 2024 and 2027 [29][55] Other Important Information - The company completed the IPO of its Indian asset management business, realizing $1.4 billion [28][29] - The embedded value per share grew by 15% to $14.53, reflecting strong operating profit and strategic actions [42][57] - The company is committed to returning to positive operating variances by 2027, supported by improved capital generation [50][58] Q&A Session Summary Question: What are the growth expectations for 2026 and beyond? - The company is guiding for double-digit growth across key financial KPIs for 2026 and remains confident in achieving its 2027 financial objectives [28][58] Question: How is the company addressing the challenges in the agency channel? - The company is focusing on quality recruitment and enhancing productivity through targeted programs and digital tools [16][18] Question: What are the key drivers of growth in the bancassurance channel? - The bancassurance channel has delivered strong growth due to deep strategic partnerships with banks and a focus on health and protection products [12][31]

Financial Data and Key Metrics Changes - The company achieved double-digit growth across key financial metrics, with new business profit increasing by 12% to $2.8 billion and operating profit per share also growing by 12% [2][30] - Gross operating free surplus generation grew by 15% to $3.1 billion, and the dividend per share was increased by 15% [2][30] - The company completed a $2 billion share buyback program and launched an additional $1.2 billion buyback for 2026 [1][30] Business Line Data and Key Metrics Changes - Bancassurance new business profit grew by 27%, while agency new business profit increased by 4% [31][34] - In Mainland China, new business profit rose by 27%, driven primarily by bancassurance, with agency transformation showing positive results [3][34] - In Hong Kong, new business profit increased by 12%, supported by growth in both domestic and Mainland Chinese visitor segments [3][33] - Indonesia saw an 11% increase in new business profit, with significant growth in the bancassurance channel [4][36] - Malaysia's new business profit grew by 5%, while Singapore's increased by 2% [5][37] Market Data and Key Metrics Changes - The company reported broad-based growth across all segments and channels, with all markets contributing positively to new business profit [2][30] - In Africa, new business profit increased by 24%, while in India, retail protection saw a growth of 22% despite an overall sales decline [38][39] - The company maintained its position as the number one foreign insurer in Taiwan, with APE sales growing by 5% [38] Company Strategy and Development Direction - The company is focused on sustaining strong momentum in bancassurance while enhancing agency strength and quality [10][31] - There is an emphasis on improving the quality of new business through deeper customer engagement and leveraging synergies with the internal asset manager, Eastspring [10][31] - The company aims to modernize technology and digitize platforms to improve operational efficiency and embed analytics and AI across core operations [10][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth across key financial metrics in 2026 and 2027, supported by a strong balance sheet and disciplined capital management [1][30] - The company highlighted the significant growth opportunities in Asia, driven by rising incomes and an estimated $43 trillion mortality protection gap [25][30] - Management noted the importance of quality growth and the ongoing transformation of the agency channel as a key priority [17][30] Other Important Information - The company successfully completed the IPO of its Indian asset management business, realizing $1.4 billion [27][30] - The embedded value per share grew by 15% to $14.53, reflecting strong operating profit and strategic actions [41][30] - The company expects to return over $7 billion to shareholders between 2024 and 2027, demonstrating a commitment to shareholder returns [29][56] Q&A Session Summary Question: What are the growth expectations for 2026 and beyond? - The company is guiding for double-digit growth across key financial KPIs for 2026 and remains confident in achieving its 2027 financial objectives [30][59] Question: How is the agency transformation progressing? - The agency transformation is a top priority, with a focus on quality recruitment and improving productivity, which has shown positive results [17][30] Question: What are the key drivers of growth in the bancassurance channel? - The bancassurance channel has delivered strong growth, supported by strategic partnerships and a favorable product mix [11][31]

Core Insights - Prudential reported a 12% increase in annual new business profit, driven by strong performance in Asia and Africa markets [1][2] - The company plans to return over $7 billion to shareholders from 2024 to 2027, including a $1.3 billion capital return in 2027 [2][6] Financial Performance - New business profit on a traditional embedded value (TEV) basis reached $2.78 billion for the year ended December 31, up from $2.46 billion in fiscal 2024, reflecting a 12% increase on a constant exchange rate basis [2][5] - Adjusted operating profit before tax for fiscal 2025 increased to $3.31 billion from $3.13 billion the previous year, also on a constant exchange rate basis [5] Regional Highlights - New business profit in Prudential's Hong Kong unit rose by 12%, attributed to stronger sales and margins from local and Mainland Chinese customers [3][4] - The Mainland China joint venture, CITIC Prudential Life, saw a 27% increase in new business profit, supported by significant annual premium equivalent (APE) sales growth [4] - The Indonesian segment experienced an 11% growth in new business profit, driven by a shift to higher-margin products [5] Shareholder Returns - Prudential declared a second interim dividend of 18.89 cents per share, an increase from the 16.29 cents per share announced the previous year [5][6]

EF004 EF004 | 免責聲明 | | --- | | 香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 | | | --- | --- | | 聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 | | | | 股票發行人現金股息（可選擇貨幣及以股份代替）公告 | | 發行人名稱 | Prudential plc 保誠有限公司* (* 僅供識別) | | 股份代號 | 02378 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 二零二五年第二次中期股息 | | 公告日期 | 2026年3月18日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 董事委員會批准派付二零二五年第二次中期股息後補充股息資料 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股 ...

香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 （於英格蘭及威爾斯成立及註冊的有限責任公司，註冊編號為 01397169 ） （股份代號：2378） 二零二五年第二次中期股息 隨附之公告由 Prudential plc 於以下日期發佈。 承董事會命 Prudential plc Tom Clarkson 公司秘書 香港和倫敦，二零二六年三月十八日 截至本公告日期，Prudential plc 的董事會成員為： 主席 Shriti Vadera 執行董事 Anil Wadhwani (華康堯) （執行總裁） 獨立非執行董事 Jeremy David Bruce Anderson (安德森) CBE、Arijit Basu、蔡淑君、Sir Douglas Flint (范智廉爵士) CBE、 Guido Fürer、路明、George David Sartorel、Mark Vincent Thomas Saunders (馬崇 ...