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Mar 31, 2024
Prudential Q1 2024 Earnings Report
Prudential Financial reported mixed results for Q1 2024, with increased adjusted operating income but decreased net income compared to the year-ago quarter. The company highlighted progress in its strategic initiatives and growth in key business areas.
Key Takeaways
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.
Net income attributable to Prudential Financial, Inc. was $1.138 billion, or $3.12 per share.
After-tax adjusted operating income reached $1.141 billion, or $3.12 per share.
Assets under management increased to $1.496 trillion.
Capital returned to shareholders totaled $726 million, including $250 million in share repurchases.
Revenue by Segment
Forward Guidance
Prudential entered the second quarter with confidence in its strategy to be a global leader in expanding access to investing, insurance, and retirement security.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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