The firm reported that its adjusted operating profit after tax increased by 10% to $1.52bn. Adjusted earnings per share rose by 17% to 58.4 cents.

New business profit grew 8% to $1.38bn, with its margins improving by 2 percentage points to 40%, while operating free surplus generated from in-force insurance and asset management businesses was up 15% to $1.79bn.

They announced that the firm had increased its first interim dividend increased by 15% to 8.88 cents per share. and announced plans for a further $300m share buyback to be completed around December, adding to its $1.2bn buyback programme previously announced for 2026. The total capital returned to shareholders during the first six months to June 30 reached $1bn.

The insurer announced it had increased its ownerships stakes in Malaysia Life to 70% and repositioned its presence in India through a 75% stake acquisition of Bharti Life alongside its separate standalone health entity commencing operations in the third quarter of 2026 as part of its longer term growth plans.

Prudential confirmed it had maintained a strong capital position, with a free surplus ratio of 209% and shareholder group-wide supervision coverage ratio of 268%.

Chief executive Anil Wadhwani, said: “In the first half of 2026, we delivered high-quality growth, margin expansion and strong capital generation - reflecting our focus on writing profitable new business across our diversified, multi-market and multi-channel platform.

“We are building the capabilities that will shape the next phase of growth - using technology, operations and AI to deepen customer engagement, improve service and drive efficiencies. The strength of our performance is giving us the capacity to invest in long-term growth opportunities while increasing returns to shareholders.”

Mr Wadhwani was confident the company would deliver double-digit growth in new business profit, gross operating free surplus generation and adjusted earnings per share, translating into “double-digit dividend per share growth,” and would achieve its 2027 financial objectives for shareholders.