Prudential Expects to Achieve Targets Despite China Headwind
Dow Jones
Sep 24
0851 GMT - Prudential PLC is on track to meet its 2026 growth guidance despite a headwind from sales regulation in mainland China, Berenberg's Michael Huttner says. The insurance and investment company expects to achieve its target of more than 10% growth in 2026 in all four key metrics of new business profit, operating profit, gross operating free surplus generation and dividend, Berenberg says, citing a meeting with Prudential management. It faces a headwind in mainland China from a limit to upfront incentives, which was the main driver for bancassurance sales. However, business development remains strong in Hong Kong and the company continues to focus on margin improvement, Berenberg says. Shares are down 0.9%.
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