Stronger underwriting across motor, fire and casualty insurance helped offset higher catastrophe losses, while overseas investment income supported earnings growth.
The disposal is scheduled for Thursday and leaves Prudential Corporation Holdings with 32.6% of the Indian fund manager, with its governance rights unchanged.
The Pakistani non-life insurer generated positive underwriting and investment results, producing a 16.3% weighted average return on equity between 2021 and 2025.
The Amwins-Dragoneer-KKR consortium is finalising documentation and financing for its proposed A$7.7bn (US$5.5bn) acquisition of Steadfast after entering the final stages of due diligence.
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