Thomas Wang's questions to PRUDENTIAL (PUK) leadership • H1 2025
Question
Thomas Wang from Goldman Sachs asked which specific markets were showing weakness in the agency channel during the first half. He also inquired about the drivers behind the 10% rise in required capital in just six months and how to model this metric going forward.
Answer
CEO Anil Wadhwani identified Malaysia and Vietnam as the challenging markets for the agency channel, citing industry-wide issues, and noted a change management program is underway in China. CFO Ben Bulmer advised analysts to model required capital growth using 'very early double-digit growth rates' for future periods.