Prudential H1 2026 slides: margin gains drive quality growth push

Prudential plc reported its first-half 2026 financial results on August 27, 2026, emphasizing disciplined execution and quality growth across its Asia and Africa markets. The insurer showcased strong margin expansion and capital generation despite regulatory challenges in mainland China. New business profit grew by 8% year-over-year, reaching $1.4 billion, with a notable increase in new business margin from 38% to 40%.

Adjusted operating profit per share reached $1.5 billion, while gross operating free surplus generation increased by 19%. Prudential's diversified business model delivered balanced growth, with agency distribution and bancassurance accounting for 53% and 42% of new business profit, respectively. The health and protection segment contributed significantly to margin expansion.

Hong Kong demonstrated consistent growth, with new business profit up 8% to $581 million and margin improving to 57%. ASEAN new business profit surged 13% to $493 million, with margin increasing by two percentage points. Prudential made strategic advances in India through acquiring a 75% stake in Bharti AXA Life Insurance, positioning itself as a leader in life growth opportunity in Asia ex-Chinese mainland.