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Pan-Asian and African life insurer and asset manager, headquartered in London with a Hong Kong secondary listing.
Pan-Asian and African life insurer and asset manager, headquartered in London with a Hong Kong secondary listing.
Sells health and savings policies mainly through tied agents and partner banks, and profits build as long-term policies stay in force and regular premiums keep coming. It spun off M&G in 2019 and its US business, Jackson, in 2021, so it now operates only in Asia and Africa. These are the Hong Kong-listed shares of a company with its main listing in London.
In one line: Not applicable (UK-founded, Asia/Africa-focused insurer).
Moat: narrow (brand, distribution, scale). Long-established bancassurance and agency distribution across many Asian markets.
Headquarters: London, UK · Founded: 1848 · Employees: 15,338
Size Prudential (2378.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $30.8B, the 51st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$96.30 on 6 Nov 2026.
Performance Over six months the shares fell 23.6%, against +14.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 29.9% over the last twelve months (peer median +8.2%); the operating margin is 9.3% (peer median 17.3%).
Valuation It trades at 1.54× book value against a peer median of 1.75× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 11.3%; Prudential delivers 19.3%, so the price asks less than the business earns today.
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$233B | HK$221B | HK$127B | HK$156B | HK$67.1B |
| Revenue growth | — | +74% | -19% | +132% | — |
| Net income | HK$28.3B | HK$31.7B | HK$17.4B | HK$13.6B | -HK$7.72B |
| Free cash flow | HK$11.1B | HK$17.3B | HK$25.4B | HK$4.80B | HK$6.44B |
| Capital expenditure | HK$2.50B | HK$3.19B | HK$5.01B | HK$352M | HK$261M |
| Total debt | n/a | HK$47.1B | HK$38.8B | HK$42.4B | HK$42.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Prudential 2378.HK | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% |
| AIA 1299.HK | $104B | -10% | +13% | 20% | 2.53× | 18.4% |
| Manulife Financial MFC.TO | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% |
| FWD 1828.HK | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% |
| Sun Life Financial SLF.TO | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% |
| Great Eastern G07.SI | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% |
| Ping An 2318.HK | $138B | -17% | -8% | 10% | 0.79× | 9.7% |
| China Taiping Insurance 0966.HK | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2378.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | +3.3% | 10th lowest of 21 |
| 6-month return | -23.6% | +14.5% | lowest of 21 |
| Return on equity | 19.3% | 16.3% | 5th highest of 21 |
| Price / book | 1.54× | 1.75× | 7th cheapest of 21 |
| Trailing P/E | 8.7× | 11.3× | 5th cheapest of 21 |
| ROE the price implies | 11.3% | 11.0% | 11th least demanding of 21 |
| ROE delivered | 19.3% | 16.3% | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| New China Life Insurance 601336.SS | China | $21.7B | -19% | +19% | 22% | 1.27× | 13.6% | 22.4% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |