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The insurance and investment company expects to achieve its target of more than 10% growth in 2026 in all four key metrics of new business profit, operating profit, gross operating free surplus generation and dividend, Berenberg says, citing a meeting with Prudential management. It faces a headwind in mainland China from a limit to upfront incentives, which was the main driver for bancassurance sales. However, business development remains strong in Hong Kong and the company continues to focus on margin improvement, Berenberg says. 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