Prudential Reports Mixed First-Half Results Amid Market Challenges

Strong growth in Singapore and Southeast Asia offsets weak performance in China and Hong Kong, with overall operating profit rising 9%.

Prudential's new business profit fell 1% to $1.47 billion, impacted by declines in Hong Kong and China.
Net profit plummeted 87% to $120 million due to substantial investment losses.
Singapore's annual premium equivalent sales surged 17%, making it the second-largest new sales market.
Operating profit increased to $1.54 billion, driven by strong policy sales in Southeast Asia.
The company remains confident in achieving its 2027 financial and strategic goals.