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Sep 30, 2024

Prudential Q3 2024 Earnings Report

Prudential reported strong Q3 2024 results, driven by continued momentum in its global investment, insurance, and retirement businesses.

Key Takeaways

Prudential Financial, Inc. reported a net income attributable to the company of $448 million, or $1.24 per share, for the third quarter of 2024, compared to a net loss of $802 million, or $2.23 per share, for the year-ago quarter. After-tax adjusted operating income was $1.260 billion, or $3.48 per share, compared to $1.332 billion, or $3.62 per share, for the year-ago quarter. The company saw robust sales across U.S. and international insurance and retirement businesses, as well as strong investment performance and private credit originations in PGIM.

Net income attributable to Prudential Financial, Inc. was $448 million, or $1.24 per Common share.

After-tax adjusted operating income was $1.260 billion, or $3.48 per Common share.

Assets under management were $1.558 trillion.

Capital returned to shareholders was $721 million, including $250 million of share repurchases and $471 million of dividends.

Total Revenue
$18.5B
Previous year: $7.38B
+150.9%
EPS
$3.48
Previous year: $3.44
+1.2%
Gross Profit
$19.5B
0
Cash and Equivalents
$20.2B
Previous year: $16.9B
+19.6%
Free Cash Flow
$1.11B
Total Assets
$760B
Previous year: $681B
+11.6%

Prudential

Prudential

Prudential Revenue by Segment

Forward Guidance

The company remains well positioned to deliver long-term value for its stakeholders and help customers around the world live better lives, longer.