PRU (02378) new business profit maintains double-digit growth, with a growth rate of 13% in the third quarter.

PRU (02378) announces its third quarter performance for 2025. Based on a fixed exchange rate, the profit from new business is 705 million US dollars, a 13% increase from the same quarter last year; the annual premium equivalent sales increased by 10% to 17.16 billion US dollars. The profit margin for new business increased by 1 percentage point. CEO Anil Wadhwani commented on the performance, stating: "Our business momentum continues to improve, achieving double-digit growth in the third quarter. This demonstrates that our execution capability is continuously strengthening, driving performance to become more stable each quarter. As we continue to prioritize high-quality new business underwriting, both business volume and new business profit margin are increasing simultaneously. Through the continuous growth of new business profits through bank-insurance and agency channels, we are maintaining the growth rate consistent with the first half of the year." "We are taking multiple measures to strengthen our agency teams, with a focus on the ASEAN market. We have seen growth in new business profits in the Greater China market through the agency channel and believe there is also an opportunity to further develop in the ASEAN market. These key measures cover various aspects, including improving the quality, activity, and productivity of agents. In addition to these impactful measures, we are also driving quality agent recruitment through the PruVenture program, recruiting agents with higher productivity than those recruited through other means." "In terms of the bank-insurance channel, thanks to the active cooperation of our partners, we have achieved strong quarterly growth once again. As we continue to focus on improving the quality of new business through this channel and achieve results, the profit margin remains higher than last year."