Prudential plc · PUK · FY2024 Q4 · Calendar Q1 2025

Prudential targets 2025 growth as capital generation inflects

The supplied analysis supports a constructive but conditional view: strong 2024 new business and earnings growth, agency expansion, repricing and cost control underpin management’s raised 2025 targets. The thesis depends on converting operating free-surplus growth into dividends while containing regulatory, margin and execution risks.

Reported Before market openNYSEFinancial Services $30.78B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus —
EPS surprise — Reported versus consensus
Reported revenue — Consensus —
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -1.0% Event window
SPY move +1.1% Same window
Abnormal move -2.1% Stock minus SPY
Volume 1.3× Versus trailing sessions
Subsequent drift +1.0% Up to 20 sessions
PUKSPY benchmark

Ask FN2 about PUK FY2024 Q4

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Transcript intelligence

What changed

Management raised its outlook for 2025, framing the year as an operating free-surplus and dividend-growth inflection point. New information also included an HCL-backed Indian health-insurance joint venture and a potential Indian asset-management listing.

Guidance delta

Raised: management targets more than 10% growth in 2025 new business profit, operating earnings per share and dividends.

Key takeaways

  • 2024 results exceeded guidance, with 11% new business profit growth and 8% adjusted operating profit per share growth.
  • Management identified 2025 as an inflection year for operating free-surplus generation and dividend growth.
  • Agency expansion, health and protection repricing, asset-management growth and cost containment are the main operating levers.

Management priorities

  • Expand and activate the agency channel, targeting 80,000–90,000 active agents by 2026.
  • Complete the Indian health joint venture with HCL Group and build it organically.
  • Continue buybacks and dividend increases while pursuing growth across Asian and African markets.

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Earnings History

Estimate Beat Miss Match
PUK EPS earnings history estimate and actual scatter chart 3 reported fiscal quarters and 0 future estimate-only quarters. Q4 '23 actual $0.69, None Q4 '25 estimate $1.42 Q4 '25 actual $2.08, beat Q2 '26 estimate $1.28 Q2 '26 actual $0.76, miss

Analyst Consensus ?

ConsensusHold8 ratings
Bullish450.0%
Neutral337.5%
Bearish112.5%

Analyst 52W Price Targets

$24.45Current
$39.3Low
$39.3Average
$39.3High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Goldman Sachs Buy BuyMaintainFeb 14, 2022
HSBC Buy HoldUpgradeMar 23, 2021
Macquarie Outperform OutperformMaintainOct 3, 2019
Evercore ISI Group In Line In LineMaintainJul 10, 2018
JP Morgan Neutral UnderweightUpgradeMar 17, 2017
Societe Generale Sell HoldDowngradeOct 13, 2016
Jefferies Hold BuyDowngradeJul 20, 2015
Charles Stanley Buy AccumulateMaintainJun 10, 2015
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Named analyst price targets

Upside is calculated against the persisted current price $24.45. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Berenberg BankMichael Huttner$39.3$27.29 +60.7%Sep 3, 2026

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Company context

Snapshot as of publication

Prudential plc, operating through its various subsidiaries, delivers a diverse array of financial solutions to individuals across Asia and Africa, encompassing life and health coverage, retirement planning, and comprehensive asset management services. Its product portfolio includes extensive health and protection plans, along with various savings instruments such as participating, unit-linked, and conventional policies.…

Historical context

All PUK earnings

Financial Services peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-03-05T00:04:46.926786+00:00
  3. Polygon adjusted daily market bars · 2026-10-02T12:16:10.095239+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T12:16:10.092610+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.