Prudential Q3 2023 Earnings Report
Key Takeaways
Prudential Financial, Inc. reported a net loss attributable to Prudential Financial, Inc. of $802 million, or $2.23 per Common share, for the third quarter of 2023, compared to a net loss of $92 million, or $0.26 per share, for the third quarter of 2022. After-tax adjusted operating income was $1.266 billion, or $3.44 per Common share, for the third quarter of 2023, compared to $896 million, or $2.37 per share, for the third quarter of 2022.
Net loss attributable to Prudential Financial, Inc. was $802 million, or $2.23 per Common share, versus a net loss of $92 million, or $0.26 per share, for the year-ago quarter.
After-tax adjusted operating income was $1.266 billion, or $3.44 per Common share, versus $896 million, or $2.37 per share, for the year-ago quarter.
Assets under management were $1.361 trillion versus $1.350 trillion for the year-ago quarter.
Capital returned to shareholders was $711 million, including $250 million of share repurchases and $461 million of dividends, versus $829 million in the year-ago quarter.
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Forward Guidance
Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries.