William Hawkins's questions to PRUDENTIAL (PUK) leadership • H1 2025
Question
William Hawkins from Keefe, Bruyette & Woods asked about any expected seasonality in the business mix between the agency and bank assurance channels for 2025. He also inquired about the key market, product, or distribution drivers for growth momentum through 2027 and how the 70% remittance ratio is determined.
Answer
CEO Anil Wadhwani confirmed a typical seasonal pattern, with H1 skewed towards bank assurance and H2 towards agency. He identified the Banksharia Indonesia partnership and quality agency recruitment as key future growth drivers. CFO Ben Bulmer explained the 70% remittance ratio is a core part of the framework for converting generated capital into holding company free cash flow.