What was Prudential's new business profit in the first quarter?

Prudential's new business profit in the first quarter was $686 million.

Which region contributed most to Prudential's profit growth?

The Hong Kong segment was the largest profit contributor and saw double-digit growth.

Did other segments of Prudential also show growth?

Yes, mainland China's joint venture delivered robust growth, and the Indonesian segment performed modestly with double-digit growth in its bancassurance channel.

Home / Business and Economy / Prudential Profit Surges 10% on Strong Q1 Growth

Prudential Profit Surges 10% on Strong Q1 Growth

29 Apr

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Summary

First-quarter new business profit rose by nearly 10%, reaching $686 million.
Hong Kong segment, largest profit contributor, saw double-digit growth.
Mainland China and Indonesia also reported robust and modest growth.

Prudential Profit Surges 10% on Strong Q1 Growth

Prudential Plc reported a significant nearly 10% rise in its first-quarter new business profit, amounting to $686 million. This achievement was primarily driven by enhanced sales and improved margins across various business segments.

The insurer's operations in Hong Kong, a key profit driver, demonstrated substantial double-digit growth. This expansion was observed in both its agency channels and bancassurance partnerships.

Mainland China's joint venture, CITIC Prudential Life, also delivered strong new business profit growth. Concurrently, the Indonesian segment showed modest performance, with its bancassurance channel achieving double-digit expansion.