Prudential announces business performance update for Q1 2026

Prudential has released its business performance for Q1 2026 (as of March 31). At constant exchange rates, new business profit reached USD 686 million, up 10% year-on-year; APE sales hit USD 1.823 billion, up 6% year-on-year; and new business margin improved by 2 percentage points to 38%. All business segments delivered growth, with double-digit new business profit growth in Hong Kong, Mainland China, and Malaysia. The group launched a USD 1.2 billion share buyback program in January 2026, repurchasing approximately 20 million shares in Q1 for a total consideration of USD 312 million.