| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 81 | 8.5x | 17.8x | Top tier | |
Growth | 87 | 7.0% | 7.1% | Top tier | |
Quality | 94 | — | — | Top tier | |
Safety | 14 | — | — | Bottom tier | |
Capital Return | 60 | 1.05% | 2.12% | Around median | |
Momentum | 41 | 5.4% | 2.9% | Around median | |
Sentiment | 50 | 2 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Prudential plc operates through a multi-market, multi-channel platform combining insurance and asset management in Asia and Africa. The insurance business generates value from savings, health insurance, and protection policies, while asset management benefits from fees and assets under management. The group relies on agency and bancassurance channels, with the business mix directed toward higher-margin health and protection products and faster conversion of new business profits into distributable cash surplus.
In FY 2025, revenue reached $11.5 billion, compared with $10.7 billion in FY 2024 and $9.7 billion in FY 2023. Net income increased to $4.0 billion from $2.3 billion, while earnings per share rose to 1.535 from 0.84, representing a significant improvement compared with a net loss of $1 billion and negative earnings per share of 0.368 in FY 2022.
In Q2 FY 2026 results, which covered H1 FY 2026, adjusted operating profit increased 9% to $1.81 billion, new business profit grew 8%, and adjusted operating earnings per share rose 17%. The new business margin expanded by two percentage points to 40%, total operating surplus generation increased 15%, and net operating surplus generation rose 41%, while asset management underlying profit grew 20%. In Hong Kong, the new business profit mix became evenly balanced between domestic customers and Chinese Mainland visitors, with domestic business growing 22% and its margin improving by seven percentage points.
PUK has a consensus analyst rating of “Buy,” while its 52-week range extends from $24.61 to $34.03, a difference of $9.42 between the two limits. The improvement in earnings per share from 0.84 in FY 2024 to 1.535 in FY 2025 supports the earnings basis, but pressure on the China margin and the need to accelerate new business growth in H2 FY 2026 justify maintaining a wide valuation range. No valid price-to-earnings multiple is available within the provided data, so the assessment is based on the earnings trajectory, the 52-week range, and the “Buy” consensus.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Q2 FY 2026 results covered H1 FY 2026 and showed a 9% increase in adjusted operating profit to $1.81 billion. New business profit grew 8%, and adjusted operating earnings per share rose 17%, while the new business margin expanded by two percentage points to 40%. Total operating surplus generation also increased 15%, net operating surplus generation rose 41%, and the first interim dividend per share increased 15%. On August 27, 2026, management confirmed its target of double-digit growth in key metrics for FY 2026.
Prudential rebalanced its Hong Kong business so that new business profit is now split 50% between domestic customers and 50% between Chinese Mainland visitors. Domestic business grew 22% in H1 FY 2026, with the margin improving by seven percentage points and support from bancassurance. Health and protection products represent approximately 57% to 58% of policy count, while the retention rate reached 99%. However, the dependence of approximately half of activity on Chinese Mainland visitors keeps cross-border demand an influential factor in results.
The share of participating products increased from a low single-digit level to 40% in FY 2025 and then to 76% in H1 FY 2026, pressuring the margin. Bancassurance expense alignment rules also affected Q2 FY 2026 performance. Management is targeting a return of the participating product share to approximately 60% for FY 2026 after non-participating products were listed with most partner banks in August 2026. The margin target in China is approximately 40% for FY 2026, compared with 43% in FY 2025.
Automated analysis for informational purposes only — not investment advice.
On August 24, 2026, Prudential launched Prudential HCL Health Insurance Limited, with HCL holding a 30% stake in the venture. The business targets a health insurance premium market estimated at approximately $16 billion by FY 2026, with a network of more than 12,000 hospitals. Subject to regulatory approvals for the life insurance transaction, the group plans to combine the health and life platforms in partnership with HCL and Bharti. The five-year plan focuses on approximately 100 to 120 cities and on agency, bancassurance, digital channels, and protection products.
Prudential is targeting the return of more than $7 billion to shareholders between FY 2024 and FY 2027. In January of FY 2026, it launched a combined $1.2 billion share buyback program to be completed by the end of FY 2026 and added approximately £0.3 billion from measures to increase the free float of its Indian asset management business. It also expects to return an additional $1.3 billion in FY 2027. The free surplus ratio reached 209% on June 30, 2026, or 200% excluding the remaining net proceeds from the Indian offering.
Prudential invested in technology, distribution, health, and customer experience as part of a $1 billion program. The AI-powered PRUAction 1.0 performance management system became widely used by 5,000 agents in Singapore during H1 FY 2026. Regular users achieved a productivity improvement of more than 13%, alongside a 9% increase in new business profit per active agent. However, the total number of active agents declined to 55,000, so productivity gains should be assessed alongside the company's ability to return the number to growth.
