Published by Global Banking & Finance Review®
Posted on January 22, 2026
2 min readLast updated: January 22, 2026
Add as preferred source on GooglePrudential increases its stake in Malaysia's life insurance market to 70% with a $377 million investment, approved by Bank Negara Malaysia.
Jan 22 (Reuters) - British insurer Prudential said on Thursday it had agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million).
The move increases Prudential's control of its conventional life business in Malaysia to 70% and comes after Prudential reached a "full and final settlement" in July 2025 over a dividend claim brought by Detik Ria, the minority shareholder in Sri Han Suria, following a long-running dispute.
Prudential said in a statement that the purchase would be made by Prudential Corporation Holdings, a wholly-owned unit, from Detik Ria.
Malaysia's central bank, Bank Negara Malaysia, has approved the transaction and completion is expected shortly, it added.
Prudential Assurance Malaysia (PAMB), together with Prudential's interest in the sharia business of Prudential BSN Takaful Bhd, make up its Malaysian life insurance business, Prudential said.
"Increasing our ownership of PAMB reflects our deep commitment to Malaysia and our confidence in its future," Prudential Chief Executive Anil Wadhwani said in the statement.
Following completion, Prudential said it had agreed to cooperate with Detik Ria over a possible divestment of Detik Ria's remaining 30% stake in Sri Han Suria to one or more agreed third parties, should Detik Ria decide to sell.
($1 = 4.0360 ringgit)
(Reporting by Sneha Kumar in Bengaluru and Yantoultra Ngui in Singapore. Editing by Mark Potter)
A life insurer is a company that provides life insurance policies, which pay a designated amount to beneficiaries upon the death of the insured individual.
A holding company is a parent corporation that owns enough voting stock in another company to control its policies and oversee its management.
A dividend claim is a request made by shareholders to receive a portion of a company's earnings, distributed as dividends.
A minority shareholder is an individual or entity that owns less than 50% of a company's shares and thus has limited control over corporate decisions.
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