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Sep 30, 2022

Prudential Q3 2022 Earnings Report

Prudential's Q3 2022 results reflected the impact of market conditions, variability in alternative investment returns, lower fee income, and elevated COVID-19 hospitalization claims in Japan, partially offset by underlying business growth and rising interest rates.

Key Takeaways

Prudential Financial, Inc. reported a net loss attributable to Prudential Financial, Inc. of $284 million, or $0.78 per common share, compared to net income of $1.530 billion, or $3.90 per share, for the year-ago quarter. After-tax adjusted operating income was $803 million, or $2.13 per common share, compared to $1.487 billion, or $3.78 per share, for the year-ago quarter.

Net loss attributable to Prudential Financial, Inc. was $284 million or $0.78 per Common share versus net income of $1.530 billion or $3.90 per share for the year-ago quarter.

After-tax adjusted operating income was $803 million or $2.13 per Common share versus $1.487 billion or $3.78 per share for the year-ago quarter.

Assets under management were $1.350 trillion versus $1.727 trillion for the year-ago quarter.

Capital returned to shareholders was $829 million, including $375 million of share repurchases and $454 million of dividends.

Total Revenue
$21.6B
Previous year: $19.7B
+9.9%
EPS
$2.13
Previous year: $3.78
-43.7%
Gross Profit
$0
0
Cash and Equivalents
$20.1B
Previous year: $15.6B
+28.8%
Total Assets
$678B
Previous year: $933B
-27.3%

Prudential

Prudential

Prudential Revenue by Segment