Prudential Q1 2020 Earnings Report
Key Takeaways
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.
Net loss attributable to Prudential Financial, Inc. was $271 million or $0.70 per Common share.
After-tax adjusted operating income was $939 million or $2.32 per Common share.
Book value per Common share was $152.45, and adjusted book value per Common share was $99.71.
Capital returned to shareholders totaled $945 million, including dividends of $1.10 per Common share.
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Forward Guidance
Execution of key initiatives remains on track, and the company is accelerating a number of actions.