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Sep 30, 2020
Prudential Q3 2020 Earnings Report
Prudential Financial reported net income of $1.487 billion and after-tax adjusted operating income of $1.291 billion for Q3 2020.
Key Takeaways
Prudential Financial, Inc. reported a strong third quarter with net income attributable to Prudential Financial, Inc. of $1.487 billion, or $3.70 per Common share, compared to $1.418 billion, or $3.44 per share, for the year-ago quarter. After-tax adjusted operating income was $1.291 billion, or $3.21 per Common share, compared to $1.274 billion, or $3.09 per share, for the year-ago quarter. The company is ahead of pace with its cost savings program, realizing $135 million of savings through the third quarter of 2020 versus its full-year goal of $140 million.
Net income attributable to Prudential Financial, Inc. was $1.487 billion or $3.70 per Common share.
After-tax adjusted operating income was $1.291 billion or $3.21 per Common share.
PGIM reported record high adjusted operating income of $370 million.
Assets under management amounted to $1.648 trillion.
Revenue by Segment
Forward Guidance
Prudential expects to generate an additional $250 million in efficiencies by the end of 2023, bringing total expected cost savings to $750 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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