Prudential Q2 2023 Earnings Report
Key Takeaways
Prudential Financial, Inc. reported a net income of $511 million, or $1.38 per Common share, for the second quarter of 2023, compared to a net loss of $1.010 billion, or $2.71 per share, for the year-ago quarter. After-tax adjusted operating income was $1.087 billion, or $2.94 per Common share, compared to $895 million, or $2.34 per share, for the second quarter of 2022.
Net income attributable to Prudential Financial, Inc. was $511 million or $1.38 per Common share versus net loss of $1.010 billion or $2.71 per share for the year-ago quarter.
After-tax adjusted operating income was $1.087 billion or $2.94 per Common share versus $895 million or $2.34 per share for the year-ago quarter.
Assets under management were $1.415 trillion versus $1.410 trillion for the year-ago quarter.
Capital returned to shareholders of $713 million, including $250 million of share repurchases and $463 million of dividends.
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Forward Guidance
Looking ahead, we remain confident that our strategy, the strength of our brand, global asset and liability origination capabilities, and multi-channel distribution will enable Prudential to be a global leader in expanding access to investing, insurance, and retirement security.