Prudential announced, on Jan 6, that it will launch a programme to buy back up to US$1.2 billion ($1.54 billion) of its ordinary shares, with the aim of reducing the group’s issued share capital. The programme is expected to be completed by Dec 18.
Of the US$1.2 billion, US$500 million will comprise recurring capital returns while US$700 million will be from the initial public offering (IPO) of ICICI Prudential Asset Management Company Limited (IPAMC), which was completed on Dec 19, 2025. The balance of the IPO’s proceeds will be returned to shareholders in 2027.
In its results for the 1HFY2024 ended June 30, 2024, announced on Aug 27, 2024, Prudential announced that it will conduct US$500 million in share buybacks in 2026 and US$600 million in 2027. The group expects to return over US$5 billion to shareholders over 2024 to 2027, which includes capital returns for the 1HFY2024 as well as its existing US$2 billion share buyback programme funded from excess free surplus. The final tranche of this US$2 billion buyback programme was completed on Dec 23, 2025.
Prudential has entered into an arrangement with JP Morgan Securities to conduct the buyback on its behalf.
