PRU: Net profit after tax increased 13.9% to $480.5 million, with strong cash flow and higher dividends

Prudential Plc plans to sell up to 2% stake in ICICI Prudential Asset Management Co. (ICICI Prudential AMC) via an open-market sale on 27 August, reducing its stake to meet public-shareholding requirements. The sale, worth around Rs.3,190 crore ($333.3 million), involves up to 9.89 million shares priced at a 2-7% discount to the closing price. ICICI Bank and Prudential Corp. currently hold 87.6% stake collectively. The transaction aims to increase public float ahead of the December 2025 deadline

Prudential Plc plans to sell a 2% stake in ICICI Prudential AMC (₹3,190 crore) on August 27 to meet public shareholding rules. The sale, at a 2-7% discount, will reduce its holding to 32.59%. ICICI Bank and Prudential currently own 87.6% combined. The asset manager must have at least 15% public shares within five years of its 2025 IPO.

PGIM, Prudential Financial's asset management arm, agreed to buy $3 billion in loans from GreenSky under a three-year forward flow agreement, focusing on home improvement lending. PGIM manages $1.5 trillion in assets and aims to scale its asset-backed financing platform.

Standard Life has partnered with Goldman Sachs, CVC, and Prudential to invest £2bn in the pension risk transfer market, with Standard Life contributing £500m. The deal aims to capitalize on the growing demand for pension risk transfers, with Standard Life controlling 51% of the partnership. The collaboration is expected to provide competitive pricing and better returns for pension trustees.

Standard Life partners with CVC, Prudential Financial, Goldman Sachs, and MS&AD to expand its Pension Risk Transfer business, with a £2bn initial capital commitment. The partnership aims to support a broader range of defined benefit pension schemes, generating fee-based revenues and attractive returns for Standard Life, subject to regulatory approval.

Prudential Financial said it will exit emerging markets and redeploy more than $3B toward retirement, asset management and U.S. insurance. The plan targets about $750M in annual pretax run-rate benefits by end-2028, up from a prior $150M by 2027. Q2 retail annuity sales rose 14% to $3.6B. Prudential expects POJ sales to resume Nov. 5.