Prudential Q2 2020 Earnings Report
Key Takeaways
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.
Net loss attributable to Prudential Financial, Inc. was $2.409 billion or $6.12 per Common share, compared to net income of $708 million or $1.71 per share for the year-ago quarter.
After-tax adjusted operating income was $742 million or $1.85 per Common share, compared to $1.262 billion or $3.03 per share for the year-ago quarter.
Assets under management amounted to $1.605 trillion, compared to $1.497 trillion for the year-ago.
PGIM reported record high adjusted operating income of $324 million, compared to $264 million in the year-ago quarter.