Dominic O'Mahony's questions to PRUDENTIAL (PUK) leadership • H1 2025
Question
Dominic O'Mahony from BNP Paribas asked about the customer appetite for US dollar-denominated products amid geopolitical shifts, the factors driving the strong 27% increase in the 2027 capital contribution from new business, and for clarification on the dividend policy's relationship with net operating free surplus generation (OFSG) growth.
Answer
CEO Anil Wadhwani confirmed that demand for US dollar products remains strong, with Mainland China Visitor (MCV) traffic up 10%. CFO Ben Bulmer attributed the 27% capital contribution uplift to successful product repricing. He clarified that while the dividend policy is linked to medium-term OFSG, the near-term guidance is set for prudence and sustainability, smoothing out swings from items like variances.