Prudential Q1 2021 Earnings Report
Key Takeaways
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.
Net income attributable to Prudential Financial, Inc. was $2.828 billion, or $6.98 per Common share.
After-tax adjusted operating income reached a record high of $1.665 billion, or $4.11 per Common share.
Capital returned to shareholders totaled $842 million, including dividends of $1.15 per Common share.
Assets under management amounted to $1.663 trillion.
Prudential
Prudential
Prudential Revenue by Segment
Forward Guidance
Prudential is on track to realize $750 million in cost savings by the end of 2023 and are in process of reallocating $5 to $10 billion in capital. The company plans to return a total of $10.5 billion to shareholders over the next three years.