PRU (02378) announced its interim results, reporting a 10% increase in adjusted after-tax operating profit to $1.523 billion.

PRU (02378) announced its results for the six months ending June 30, 2026, with new business profit increasing by 8% to $1.384 billion. Adjusted operating profit before tax rose by 9% to $1.812 billion. Adjusted operating profit after tax grew by 10% to $1.523 billion. The adjusted earnings per share based on adjusted operating profit is 58.4 cents per share. The interim dividend has been increased by 15% to 8.88 cents per share. CEO Anil Wadhwani commented on the results, stating, "PRU continues to adhere to rigorous execution discipline and create long-term value for shareholders. We remain focused on providing long-term savings, health, and protection solutions in the markets where we operate to meet customer needs and support the social objectives of regulators and governments." "We achieved quality growth in the first half of 2026, expanded profit margins, and generated strong capital, reflecting the effectiveness of our strategy to focus on underwriting profitable new business across diversified, multi-market, and multi-channel platforms. We are building capabilities to shape the next phase of growth by leveraging technology, operations, and artificial intelligence to deepen customer interactions, enhance services, and improve efficiency. Our strong performance empowers us to invest in long-term growth opportunities while increasing returns to shareholders. Today, we announced an additional buyback of approximately $300 million, in addition to the previously announced repurchase of $1.2 billion in 2026 and $1.3 billion in 2027, which will be completed by December 18, 2026." "We remain steadfastly focused on achieving double-digit growth targets for new business profit, total generated operational free surplus, and adjusted earnings per share for the full year 2026, as well as a double-digit increase in the dividend per share, while also firmly focusing on reaching our financial targets for 2027."