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Stock impact report

Prudential profit rises 13%, unveils $1.2 billion buyback [Yahoo! Finance]

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Prudential Plc ( NYSE:PUK reported a stronger-than-expected set of results, with new business profit rising 13% to $2.78 billion for the year ended Dec. 31, supported by continued growth across its key Asian markets. The figure came in slightly above analyst expectations, while underlying growth was 12% on a constant exchange rate basis, suggesting momentum held up despite interest-rate and economic movements. Alongside the earnings, the insurer announced an additional $1.2 billion share buyback, signaling a continued focus on returning capital to shareholders. Warning! GuruFocus has detected 6 Warning Sign with PUK. Is PUK fairly valued? Test your thesis with our free DCF calculator. Growth remained anchored in Asia, where demand for protection, retirement, and wealth products could be continuing to build. Hong Kong recorded an 8% increase in annual premium equivalent sales to $2.22 billion, while Singapore also rose 8% to $938 millio Show less Read more
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