Abid Hussain's questions to PRUDENTIAL (PUK) leadership • H1 2025
Question
Abid Hussain of Panmure Liberum asked for details on remaining management actions and their expected impact on margins and scale. He also questioned the expected difference between gross and net OFSG growth rates and at what share price level the company might reconsider its share buyback program.
Answer
CEO Anil Wadhwani indicated that future margin improvements would be driven by an increased proportion of higher-margin agency business. CFO Ben Bulmer explained that net OFSG growth is expected to outpace gross OFSG growth due to disciplined containment of central costs. Regarding the share price for buybacks, he commented that the current price is a long way from any level that would cause reconsideration.