![A One Hundred Dollar Confederate States of America banknote dated December 22, 1862. Issued during the American Civil War (1861–1865). Slave hoeing cotton in the center with John C. Calhoun on the left and Columbia on the right. Over 670,000 of these notes were issued from August, 1862 to January, 1863. [1] The bill is 7.375 by 3.125 inches (187 mm by 79 mm) and is thinner than a modern US dollar. Annotations on the banknote. Serial number 131615 Keatinge & Ball, Columbia, S.C. (lower left) Receivable in Payment of All Dues Except Export Duties. (lower right) Issued by Maj. James Glover, q.m. 26th January 1863 (hand written on back) Interest Paid to 1st January 1864 at Richmond. (stamped on back) The ink from this stamp can be seen on the front right side.](/assets/images/2026-08-27T00-30-07-121Z-prudential-reports-slower-profit-growth-announces-300-million-share-buy-back-wikimedia-1280.webp)
British insurer Prudential announced a US$300 million share buy-back program to be completed by December 2026, alongside reporting an 8 per cent increase in new business profit for the first half of the year.
New business profit, a key metric tracking the future profitability of newly written life insurance policies, rose to US$1.38 billion in the six months ended June 30, 2026. This growth rate is slower compared to the 12 per cent surge to US$1.26 billion recorded in the first half of 2025.
Adjusted operating profit increased by 9 per cent to US$1.81 billion, or 58.4 US cents per share, during the same period. Annual premium equivalent sales, which combine regular and single premiums, rose 3 per cent to US$3.42 billion, up from US$3.29 billion in the prior year.
The buy-back and slower profit growth come amid market concerns about a potential pullback in mainland Chinese visitors to Hong Kong, a significant market for Prudential, which could test the performance of insurers.
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