Prudential plc (PUK) Earnings
Prudential plc is expected to report next earnings on August 26, 2026 (in NaN days), with a consensus EPS estimate of $1.12. PUK has beaten EPS estimates in 1 of its last 11 reported quarters (average surprise -41.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 17, 2026 | $1.42 | $1.54 | +8.5% | $11.3B | — |
| Mar 19, 2025 | $1.18 | $0.99 | -16.4% | $6.7B | — |
| Aug 28, 2024 | $0.91 | $0.04 | -95.2% | $5.3B | — |
| Mar 20, 2024 | $0.74 | $0.27 | -63.2% | $5.6B | -0.7% |
| Aug 30, 2023 | $0.72 | $0.34 | -52.0% | $5.4B | — |
| Mar 8, 2023 | $0.76 | $0.19 | -75.5% | $5.7B | — |
| Aug 10, 2022 | $0.93 | $-0.55 | -159.3% | $2.3B | — |
| Mar 23, 2022 | $0.84 | $0.72 | -14.5% | $14.8B | +19.4% |
| Dec 31, 2020 | $1.61 | $0.61 | -61.8% | $20.6B | -2.5% |
| Jun 30, 2020 | $1.61 | $0.20 | -87.7% | $15.6B | +16.1% |
| Mar 20, 2020 | $1.56 | $-0.14 | -108.8% | $39.9B | — |
| Aug 14, 2019 | — | $0.89 | — | $52.4B | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2025 · March 18, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Anil Wadhwani mentioned the high-quality double-digit growth across key financial metrics, successful IPO of Indian asset management company and increased holding in Malaysian conventional business. They are three years into the five-year plan with 18% CAGR in new business profit growth from 2022 - 2025. Focus on distribution, enhancing new business quality, modernizing technology, and reducing core business-related variances. Ben Bulmer talked about delivering on guidance, double-digit growth in key financial KPIs, return on embedded value at 15%, gross OFSG up 15%, updated capital allocation framework with plans to return over $7 billion of capital to shareholders between 2024 - 2027, and guiding to double-digit growth in 2026 key financial KPIs.
Guidance
Guided to double-digit growth across key financial KPIs in 2026. Expect to return over $7 billion of capital to shareholders between 2024 - 2027. Intend to largely complete capability investment program in 2026 with investment of between $300 million and $350 million and confident of returning to positive variances by 2027.
Analyst Q&A
Q: Thomas Wang from Goldman Sachs asked about growth outlook for 2026, Hong Kong momentum, and agency growth initiative.
A: Anil Wadhwani and Naveen Tahilyani responded discussing China's 27% growth in new business profit, Hong Kong's quality new business focus, and PRUVentures and technology initiatives for agency growth.
Q: Farooq Hanif from JPMorgan asked about PRUVentures, technology tools for agents, remittances, and underlying variances.
A: Naveen Tahilyani talked about PRUVentures expansion and technology, Ben Bulmer discussed remittances and variances.
Q: Michael Chang from CGI asked about China bancassurance partnerships and wealth management third-party channels.
A: Angel Ng and Anil Wadhwani responded on China bancassurance partnerships and wealth management approaches.
Q: Andrew Crean from Autonomous Research asked about bancassurance and agency progress, active agents target, and NBP margin.
A: Anil Wadhwani and Ben Bulmer responded on bancassurance and agency progress, active agents, and NBP margin.
Q: William Hawkins from KBW asked about non-Chinese market outlooks and required capital.
A: Anil Wadhwani and Ben Bulmer responded on non-Chinese market outlooks and required capital.
Q: Kailesh Mistry from Deutsche Bank asked about China solvency ratio, IFRS release rate, and agency compensation.
A: Ben Bulmer and Naveen Tahilyani responded on China solvency ratio, IFRS release rate, and agency compensation.
Q: Fahad Changazi from Kepler Cheuvreux asked about PRUVenture details, OFSG, and operating variance.
A: Naveen Tahilyani and Ben Bulmer responded on PRUVenture, OFSG, and operating variance.
Q: Dominic O'Mahony from BNP Paribas Exane asked about IRRs, new business surplus emergence, and variances.
A: Ben Bulmer responded on IRRs, new business surplus emergence, and variances.
Q: Nasib Ahmed from UBS asked about Hong Kong market share and investment spend.
A: Anil Wadhwani and Ben Bulmer responded on Hong Kong market share and investment spend