Prudential Lifts Stake in Malaysian Life Insurer to 70% in US$375m Deal

Prudential ( (GB:PRU) ) has provided an announcement.

Prudential has agreed to increase its ownership in Prudential Assurance Malaysia Berhad, via its indirect subsidiary PCHL, by acquiring an additional 19% stake in SHS from Malaysian shareholder Detik Ria for RM1.52 billion (around US$375 million), lifting its effective interest in SHS from 51% to 70% while Detik Ria’s stake falls to 30%. The connected transaction, which has already received Bank Negara Malaysia’s approval and is subject only to completion mechanics, was priced using price-to-earnings and price-to-book multiples benchmarked against comparable Southeast Asian life insurers, falls within Hong Kong Listing Rules reporting thresholds but does not require independent shareholder approval, and is expected to be accretive to Prudential’s earnings per share, embedded value and shareholders’ equity, strengthening its economic exposure and strategic position in the Malaysian life insurance market while committing to cooperate with Detik Ria on any future sale of its remaining stake.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1371.00 price target. To see the full list of analyst forecasts on Prudential stock, see the GB:PRU Stock Forecast page.

Spark’s Take on GB:PRU Stock

According to Spark, TipRanks’ AI Analyst, GB:PRU is a Outperform.

Prudential’s overall stock score is driven by strong earnings performance and strategic corporate actions, including share buybacks and executive share acquisitions. While financial performance shows strengths in profitability and cash flow, revenue volatility and equity declines pose risks. The stock’s technical indicators and valuation suggest potential for growth, supported by strategic investments and market expansions.

To see Spark’s full report on GB:PRU stock, click here.

More about Prudential

Prudential plc is a UK-incorporated international financial services group focused on life and health insurance and related long-term savings products, with significant operations in Asia. Through subsidiaries such as Prudential Assurance Malaysia Berhad (held via SHS), it targets individual and corporate customers across Southeast Asia, distributing protection and savings products primarily through agents and bancassurance partnerships under local regulatory oversight.

Average Trading Volume: 5,233,659

Technical Sentiment Signal: Buy

Current Market Cap: £29.51B

See more data about PRU stock on TipRanks’ Stock Analysis page.