Prudential plc (PRU) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello. I'm Anil Badwani, CEO of Prudential. Thank you for joining us today. I'm pleased to share our half year 2026 results and update you on the progress we are making on the execution of our strategy. The message I want to leave with you today is simple. Prudential is focused on the strategy we set out, delivering high quality growth, generating strong capital and cash and positioning the group for long term success in the growth markets of Asia and Africa. We remain disciplined in our execution, capturing the benefits of Prudential's diversified multimarket, and multichannel growth engines for all our stakeholders, and our first half reflects that. Growth was broad based, margins expanded, underlying variances turned positive, and earnings capital and cash generation remain strong. Importantly, this is quality growth. We are writing business that delivers attractive margins, strong cash conversion, and resilient capital generation. And in doing so, we are creating long term value for all our stakeholders. Our focus on long term savings and protection is also closely aligned with the regulator's objective for the insurance sector. At the same time, we are allocating capital with discipline, for example, investing for long term growth in Malaysia and India while continuing to increase returns to shareholders. In line with this, we expect to add $300,000,000 to our previously announced $1,200,000,000.20 26 share buyback program. We are strengthening our competitive position in structurally growing markets across Asia and Africa. Our investments in distribution, propositions, and technology position Prudential to capture the opportunity over time, creating a significant and durable growth runway. In summary, disciplined execution is delivering quality growth, stronger...