Financial Performance - Prudential plc reported a new business profit of $2.782 billion for 2025, representing a 13% increase from $2.464 billion in 2024[4]. - Adjusted operating profit before tax rose by 6% to $3.306 billion, compared to $3.129 billion in 2024[6]. - Prudential's adjusted post-tax profit surged by 71% to $4.119 billion, up from $2.415 billion in the previous year[7]. - The total dividend for 2025 was $0.2660 per share, marking a 15% increase, with the second interim dividend at $0.1889 per share[6]. - The annualized new business premium reached $6.661 billion, a 7% increase from $6.202 billion in 2024[8]. - New business profit grew by 12% in 2025, exceeding the previous expectation of 10%, driven by a 6% increase in annualized new business premiums and improved profit margins[29]. - Operating profit from insurance business reached $5.066 billion, reflecting a 14% increase, and asset management operating profit grew by 11% to $305 million[105]. - The company achieved double-digit growth across all key financial performance indicators, aligning with guidance targets, and is confident in achieving similar growth in 2026[71]. Capital Management - The group’s traditional embedded value equity increased to $37.8 billion, equivalent to $14.83 per share, reflecting a 15% growth[8]. - Prudential's free surplus ratio was 221%, with regulatory shareholder surplus of $17.1 billion, representing a coverage ratio of 262%[6]. - The company plans to initiate an additional $1.2 billion share buyback in 2026, following a $2 billion buyback completed in 2025[6]. - The estimated excess shareholder surplus over the group's capital requirements was $17.1 billion, with a coverage ratio of 262%[35]. - The company plans to return over $7 billion to shareholders from 2024 to 2027, including share buybacks of $500 million in 2026 and $600 million in 2027[36]. - The company completed a $2 billion share buyback program to optimize capital allocation and expects to provide over $7 billion in returns to shareholders from 2024 to 2027[27]. - The company plans to increase ordinary dividends by over 10% in 2026 and 2027, supported by strong capital generation capabilities[110]. Business Strategy and Growth - The company aims to maintain double-digit growth trajectory into 2026, with a focus on sustainable growth and capital allocation[5]. - The company has established a new strategy for 2023, focusing on "protecting every life and securing every future," aimed at achieving sustainable growth and enhancing shareholder returns[25]. - The company is focused on internal transformation projects and strategic measures to ensure operational resilience and achieve set goals[24]. - The company is exploring potential mergers and acquisitions to enhance its market position and drive future growth[24]. - The company aims to maintain a free surplus rate between 175% and 200%, with the current rate at 221%, down from 234% at the end of 2024[113][116]. Market and Operational Challenges - The company is navigating a changing business environment with various risks, including interest rate fluctuations, inflation pressures, and geopolitical uncertainties that may impact financial performance[20]. - The company faces challenges related to the transition to a low-carbon economy, which could affect asset valuations and operational strategies[20]. - Regulatory changes and actions from supervisory bodies, particularly in the insurance sector, may significantly influence the company's operations and compliance requirements[20]. - The company is addressing the impact of climate change and global health crises on its business, investments, and responsibilities towards clients[20]. - The company is actively monitoring trends in mortality and morbidity rates, as well as policy lapse and renewal rates, which could affect its business performance[20]. Digital Transformation and Innovation - The company is committed to enhancing its digital systems and cybersecurity measures to mitigate risks associated with data breaches and operational disruptions[24]. - The company is modernizing its technology platform to enhance operational efficiency and flexibility, leveraging data and artificial intelligence to drive innovation[26]. - The PRUServices digital platform has been enhanced, with a 70% proportion of new business processed through automated underwriting by December 2025[66]. - The company is collaborating with Google to deploy generative AI solutions in Malaysia by 2025 to support medical claims adjudication, enhancing operational efficiency[58]. Regional Performance - New business profit in Indonesia grew by 11%, driven by an increase in value rates and a shift to higher-margin products[33]. - New business profit in mainland China increased by 27%, attributed to strong annualized new business premium growth in the second half of the year[33]. - New business profit in Malaysia rose by 5%, recovering from a decline in the first half, with a 21% increase in annual new business profit for the year[33]. - New business profit in Hong Kong reached $1.221 billion in 2025, a 12% increase from $1.091 billion in 2024[129]. - The bank insurance business saw a 27% increase in new business profit in 2025, reaching $1.033 billion, supported by a 5 percentage point increase in profit margins due to new product launches and pricing adjustments[32]. Risk Management - The group has established a governance framework to manage risks, ensuring compliance with regulatory requirements and stakeholder interests[175]. - The risk management cycle includes continuous processes for identifying, measuring, managing, and reporting risks, with a focus on capital adequacy to meet solvency requirements[182]. - The group emphasizes a sustainable risk culture, integrating sustainability considerations into risk management practices, including climate-related risks[181]. - The group faces financial risks from global economic and geopolitical environments that can impact financial market trends and asset values, leading to short-term volatility[190]. - The group has implemented stress and scenario testing to assess capital adequacy and liquidity robustness, supporting recovery plans[185]. Investment Performance - The total assets under management for the company increased from $258 billion to $277 billion, an 8% rise, primarily due to inflows from external retail clients and life insurance business[34]. - The company achieved a 42% increase in internal advisory funds, reaching $47.0 billion in 2025, compared to $33.2 billion in 2024[171]. - The group reported a net cash inflow from business units of $2.137 billion in 2025, reflecting a 55% increase from $1.383 billion in 2024[126]. - The investment portfolio is sufficiently diversified across individual issuers and companies, particularly in local markets with potentially lower liquidity[199]. - The group actively reviews its investment portfolio to maintain robust solvency and resilience[199].

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17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 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | ...

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) 呈交日期： 2026年3月16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 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 ...

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 | 考慮派發二零二五年第二次中期股息所依據的建議記錄日期 | | 公告日期 | 2026年3月13日 | | 公告狀態 | 新公告 | | 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 | | 宣派股息 | 有待公佈 | | 股東批准日期 | 不適用 | | 預設選項 | 現金 | | 代息股份 ...

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 呈交日期： 2026年3月13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 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份） ...

公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2026年3月12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 。 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 | 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 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | ...

Core Viewpoint - Markel Insurance has appointed Phil Jones as Chief Information Officer (CIO), International, to enhance its technology strategy and operational excellence across its international business [1][5]. Group 1: Appointment and Role - Phil Jones will lead the technology strategy for Markel's international business, shaping and delivering the organization's technology vision [2]. - His responsibilities include strengthening operational resilience, improving service performance, and supporting innovation across Markel's international platform [3]. Group 2: Strategic Goals - Jones aims to align technology and business teams to generate greater value from data, modernize core technology infrastructure, and support high-performing systems across Markel's five regional businesses [4]. - The appointment reflects Markel's ongoing investment in leadership to expand capabilities and support growth in global markets [5]. Group 3: Leadership and Experience - Phil Jones brings extensive experience in CIO and senior technology leadership roles, having previously served as Global CIO at Aspen Insurance, where he led IT strategy and cloud transformation [6]. - His earlier roles include Executive Director of Service Delivery and Operations at the UK Ministry of Defence and senior positions at Prudential plc, Lloyds Banking Group, and Atos [7].

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) | 1). | 購回擬註銷但尚未註銷之股份 | | 375,388 | 0.014816 % | GBP | 10.5015 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2026年3月9日 | | | | | | 2). | 購回擬註銷但尚未註銷之股份 | | 291,757 | 0.011515 % | GBP | 11.0303 | | | 變動日期 | 2026年3月10日 | | | | | 第 2 頁 共 7 頁 v 1.3.0 FF305 FF305 呈交日期： 2026年3月11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17.2 ...

Core Viewpoint - Prudential Financial has appointed Andrew Sullivan as Chairman of the Board, in addition to his role as CEO, effective March 10, 2026, succeeding Charles Lowrey, who will retire after 25 years with the company [1][1][1] Group 1: Leadership Transition - Andrew Sullivan will take on the role of Chairman while continuing as CEO, indicating a consolidation of leadership at Prudential [1][1] - Charles Lowrey, who served as Executive Chairman and CEO, will remain as a senior advisor until his retirement at the end of Q2 2026 [1][1] - Lowrey's tenure included significant contributions to Prudential's growth and stability, particularly during the COVID-19 pandemic [1][1] Group 2: Company Performance and Strategy - Prudential Financial reported approximately $1.6 trillion in assets under management as of December 31, 2025, highlighting its position as a global financial services leader [1][1] - Sullivan expressed confidence in Prudential's strategy and progress, emphasizing the company's commitment to delivering long-term value for customers and shareholders [1][1] - The leadership transition is seen as a pivotal moment for Prudential as it enters a new phase of growth [1][1]

Core Viewpoint - Aegon NV (AEG) is currently viewed as a better value opportunity compared to Prudential (PUK) based on various financial metrics and rankings [1]. Group 1: Zacks Rank and Earnings Outlook - Aegon NV has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while Prudential has a Zacks Rank of 3 (Hold) [3]. - The improving earnings outlook for AEG makes it stand out in the Zacks Rank model, suggesting a favorable investment opportunity [7]. Group 2: Valuation Metrics - AEG has a forward P/E ratio of 6.17, significantly lower than PUK's forward P/E of 14.93, indicating that AEG may be undervalued [5]. - AEG's PEG ratio is 0.19, while PUK's PEG ratio is 0.95, further suggesting that AEG has a more attractive valuation relative to its expected earnings growth [5]. - AEG's P/B ratio is 1.33 compared to PUK's P/B of 1.94, reinforcing the notion that AEG is undervalued [6]. - These metrics contribute to AEG's Value grade of A and PUK's Value grade of C, highlighting AEG's superior valuation [6].