Prudential's earnings soar by 12% in the first quarter
Revamped Report
Prudential PLC has just announced a 12% surge in its new business profit for Q1 2025, dodging the global economic instability caused by tariff uncertainties. This impressive growth is a result of robust performance across all its segments, with the Asia market being the primary driver.
The London and Hong Kong-listed insurance heavyweight bagged an impressive new business profit, on a traditional embedded value basis, worth a striking $608 million for the three months ending March 31, 2025.
Curious about the segments that fueled this growth? Let's dive in:
- Life and health insurance, contributing close to 97% of the group’s historical revenue, posts record-breaking results from the Asia-Pacific markets, with key hubs such as Hong Kong, Singapore, and Malaysia leading the charge.
- While the exact revenue figures for Q1 2025 remain under wraps, it's interesting to note that the life and health insurance segment dominates Prudential's revenue charts.
- Eastspring, the group's asset management segment, manages a whopping $237.1 billion worth of assets. However, the updated Assets Under Management (AUM) figures for Q1 2025 are yet to be disclosed.
With these impressive figures in tow, CEO Anil Wadhwani remains confident about the long-term growth prospects of Prudential’s Asia-focused insurance and investment businesses. Although global economic volatility persists, Prudential's strong solvency position and multi-market strategy provide a safety net to counter the storm.
- Prudential PLc's Asia-focused life and health insurance segments benefited from the Q1 2025 surge, with Hong Kong, Singapore, and Malaysia being significant contributors to the record-breaking results.
- Owing to the robust performance of its life and health insurance segments, particularly in the Asia-Pacific markets, Prudential PLC posted a new business profit worth $608 million for the quarter ending March 31, 2025.
- Notwithstanding the ongoing global economic instability, the finance business of Prudential PLC, with its strong solvency position and multi-market strategy, has demonstrated resilience and may continue to benefit its Asia-focused insurance and investment businesses in the long term.
