Prudential Earnings Reports

Prudential Financial, Inc. reported a net loss of $57 million for Q4 2024, compared to a net income of $1.317 billion in the year-ago quarter. However, after-tax adjusted operating income increased to $1.068 billion from $926 million in the same period last year. The company's 2024 results reflect strong sales across retirement and insurance businesses and significant positive net flows in PGIM.

Prudential Financial, Inc. reported a net income attributable to the company of $448 million, or $1.24 per share, for the third quarter of 2024, compared to a net loss of $802 million, or $2.23 per share, for the year-ago quarter. After-tax adjusted operating income was $1.260 billion, or $3.48 per share, compared to $1.332 billion, or $3.62 per share, for the year-ago quarter. The company saw robust sales across U.S. and international insurance and retirement businesses, as well as strong investment performance and private credit originations in PGIM.

Prudential Financial, Inc. reported a net income attributable to Prudential Financial, Inc. of $1.198 billion, or $3.28 per Common share, for the second quarter of 2024, compared to $511 million, or $1.38 per Common share, for the second quarter of 2023. After-tax adjusted operating income was $1.234 billion, or $3.39 per Common share, for the second quarter of 2024, compared to $1.142 billion, or $3.09 per Common share, for the second quarter of 2023.

Prudential Financial's Q1 2024 net income attributable to the company was $1.138 billion, or $3.12 per share, down from $1.462 billion, or $3.93 per share, in Q1 2023. After-tax adjusted operating income increased to $1.141 billion, or $3.12 per share, from $1.004 billion, or $2.70 per share, in the same period last year. The company saw growth in PGIM and U.S. and International Businesses, supported by a solid balance sheet.

Prudential Financial, Inc. reported a net income of $1.317 billion for Q4 2023, a significant increase compared to the net loss of $52 million in the same quarter of the previous year. The after-tax adjusted operating income also saw a slight increase, reaching $943 million compared to $932 million in the year-ago quarter. The company's strong sales across insurance and retirement businesses and strategic transactions contributed to these results.

Prudential Financial, Inc. reported a net loss attributable to Prudential Financial, Inc. of $802 million, or $2.23 per Common share, for the third quarter of 2023, compared to a net loss of $92 million, or $0.26 per share, for the third quarter of 2022. After-tax adjusted operating income was $1.266 billion, or $3.44 per Common share, for the third quarter of 2023, compared to $896 million, or $2.37 per share, for the third quarter of 2022.

Prudential Financial, Inc. reported a net income of $511 million, or $1.38 per Common share, for the second quarter of 2023, compared to a net loss of $1.010 billion, or $2.71 per share, for the year-ago quarter. After-tax adjusted operating income was $1.087 billion, or $2.94 per Common share, compared to $895 million, or $2.34 per share, for the second quarter of 2022.

Prudential Financial's Q1 2023 net income attributable to the company was $1.462 billion, or $3.93 per share, compared to a net loss of $493 million, or $1.33 per share, in the year-ago quarter. After-tax adjusted operating income was $990 million, or $2.66 per share, compared to $1.191 billion, or $3.10 per share, in the year-ago quarter. The company's results were influenced by underlying business growth, a higher interest rate environment, lower variable investment and fee income, and elevated seasonal mortality experience.

Prudential Financial reported a net loss of $558 million for Q4 2022, compared to a net income of $1.208 billion in the same quarter of the previous year. After-tax adjusted operating income was $907 million, down from $1.227 billion in the year-ago quarter. The results reflect lower variable investment and fee income, partially offset by improved COVID-19 mortality and benefits from rising interest rates.

Prudential Financial, Inc. reported a net loss attributable to Prudential Financial, Inc. of $284 million, or $0.78 per common share, compared to net income of $1.530 billion, or $3.90 per share, for the year-ago quarter. After-tax adjusted operating income was $803 million, or $2.13 per common share, compared to $1.487 billion, or $3.78 per share, for the year-ago quarter.

Prudential Financial reported a net loss attributable to the company of $565 million, or $1.53 per share, compared to a net income of $2.158 billion, or $5.40 per share, in the year-ago quarter. After-tax adjusted operating income was $664 million, or $1.74 per share, versus $1.440 billion, or $3.60 per share, for the year-ago quarter. The results were impacted by macroeconomic trends, strengthening of Individual Life reserves, and strategic actions to reduce market sensitivity.

Prudential Financial reported a net loss of $31 million, or $0.10 per share, compared to a net income of $2.828 billion, or $6.98 per share, in the same quarter last year. After-tax adjusted operating income was $1.218 billion, or $3.17 per share, versus $1.618 billion, or $3.99 per share, for the year-ago quarter. The results reflect solid operating earnings, including strong variable investment income, offsetting the impact of elevated COVID-19 mortality.

Prudential Financial, Inc. reported a net income attributable to Prudential Financial, Inc. of $1.208 billion or $3.13 per Common share for Q4 2021, compared to a net income of $819 million or $2.03 per share for the year-ago quarter. After-tax adjusted operating income was $1.227 billion or $3.18 per Common share for Q4 2021, compared to $1.130 billion or $2.80 per Common share for the fourth quarter of 2020.

Prudential Financial, Inc. reported a net income of $1.530 billion for Q3 2021, compared to $1.487 billion for the year-ago quarter. After-tax adjusted operating income was $1.487 billion, versus $1.238 billion for the year-ago quarter.

Prudential Financial, Inc. reported a net income of $2.158 billion for Q2 2021, a significant increase compared to the net loss of $2.409 billion in the same quarter of the previous year. After-tax adjusted operating income was $1.514 billion, compared to $740 million in the year-ago quarter. The company also saw growth in assets under management, reaching $1.730 trillion.

Prudential Financial, Inc. reported a net income of $2.828 billion, or $6.98 per common share, compared to a net loss of $271 million, or $0.70 per share, for the year-ago quarter. The company's after-tax adjusted operating income reached a record high of $1.665 billion, or $4.11 per common share, versus $897 million, or $2.22 per share, for the year-ago quarter. The Board of Directors has authorized the repurchase of an additional $0.5 billion of its outstanding Common Stock.

Prudential Financial, Inc. reported a net income attributable to the company of $819 million, or $2.03 per share, for the fourth quarter of 2020, compared to $1.128 billion, or $2.76 per share, for the fourth quarter of 2019. After-tax adjusted operating income was $1.183 billion, or $2.93 per share, for the fourth quarter of 2020, compared to $915 million, or $2.24 per share, for the fourth quarter of 2019.

Prudential Financial, Inc. reported a strong third quarter with net income attributable to Prudential Financial, Inc. of $1.487 billion, or $3.70 per Common share, compared to $1.418 billion, or $3.44 per share, for the year-ago quarter. After-tax adjusted operating income was $1.291 billion, or $3.21 per Common share, compared to $1.274 billion, or $3.09 per share, for the year-ago quarter. The company is ahead of pace with its cost savings program, realizing $135 million of savings through the third quarter of 2020 versus its full-year goal of $140 million.

Prudential Financial, Inc. reported a net loss attributable to Prudential Financial, Inc. of $2.409 billion, or $6.12 per Common share, for the second quarter of 2020, compared to net income of $708 million, or $1.71 per share, for the second quarter of 2019. After-tax adjusted operating income was $742 million, or $1.85 per Common share, for the second quarter of 2020, compared to $1.262 billion, or $3.03 per Common share, for the second quarter of 2019. Assets under management amounted to $1.605 trillion versus $1.497 trillion for the year-ago.

Prudential Financial reported a net loss attributable to Prudential Financial, Inc. of $271 million, or $0.70 per Common share, compared to net income of $932 million, or $2.22 per share, for the year-ago quarter. After-tax adjusted operating income was $939 million, or $2.32 per Common share, compared to $1.259 billion, or $3.00 per share, for the year-ago quarter. Market turbulence related to the pandemic adversely impacted the financial results.

Prudential Financial, Inc. reported a net income of $1.128 billion, or $2.76 per share, for Q4 2019, compared to $842 million, or $1.99 per share, for the same quarter in 2018. The after-tax adjusted operating income was $950 million, or $2.33 per share, for Q4 2019, compared to $1.035 billion, or $2.44 per share, for the fourth quarter of 2018. The company made progress on its strategy to provide financial opportunity and drive efficiency.