Prudential to Buy Back $2 Billion Worth of Insurer’s Shares (1)

Prudential Plc launched a $2 billion share buyback program, as the insurer outlined progress that includes the potential for further shareholder returns.

The buyback will be completed by mid-2026, with the pace and timing subject to market conditions, the company said in a <-bsp-bb-link state="{"bbDocId":"SFJ7IJT1UM0W","_id":"00000190-47f9-d497-a7fb-effdbadb0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement Sunday. Shares repurchased under the plan are expected to be canceled.

Prudential has been reaping the benefits from mainland Chinese travelers returning to Hong Kong after years of Covid-era movement restrictions. The insurer posted a 9% jump in new business profit in the first quarter, helped by sales of more lucrative products by its Hong Kong ...