Prudential expects 2026 Chinese Mainland new business profit to fall 10%-15%
PUK•Prudential expects Chinese Mainland full-year new business profit to fall 10%-15% from 2025, though it anticipates a return to growth in the fourth quarter. Group third-quarter new business profit rose 1% to $709 million on a constant exchange rate basis.
1. Chinese Mainland outlook
Prudential said recovery in its Chinese Mainland life operations was lagging expectations, making its 2026 new business profit growth guidance harder to achieve. It expects Chinese Mainland full-year new business profit to fall 10%-15% from 2025, despite anticipating a return to growth in the fourth quarter. Tighter bancassurance expense regulations constrained sales volumes, while strong prior-year comparatives amplified the third-quarter decline.
2. Group performance
Group third-quarter new business profit rose 1% to $709 million on a constant exchange rate basis. Prudential remains focused on delivering double-digit growth across its four key financial metrics for the full year.
