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Jun 30, 2021

Prudential Q2 2021 Earnings Report

Prudential reported strong financial results for Q2 2021, driven by robust investment performance and progress in cost savings.

Key Takeaways

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.

Net income attributable to Prudential Financial, Inc. was $2.158 billion, or $5.40 per Common share.

After-tax adjusted operating income reached $1.514 billion, or $3.79 per Common share.

Assets under management increased to $1.730 trillion.

Capital returned to shareholders totaled $1.335 billion, including $875 million in share repurchases.

Total Revenue
$13.1B
Previous year: $13.1B
+0.2%
EPS
$3.79
Previous year: $1.85
+104.9%
Gross Profit
$0
0
Cash and Equivalents
$15.1B
Previous year: $21.1B
-28.4%
Total Assets
$926B
Previous year: $915B
+1.2%

Prudential

Prudential

Prudential Revenue by Segment

Forward Guidance

Prudential expects to return a total of $11.0 billion to shareholders through 2023.