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Dec 31, 2019
Prudential Q4 2019 Earnings Report
Prudential Financial's Q4 2019 earnings were announced, with net income attributable to Prudential Financial, Inc. at $1.128 billion and after-tax adjusted operating income at $950 million.
Key Takeaways
Prudential Financial, Inc. reported a net income of $1.128 billion, or $2.76 per share, for Q4 2019, compared to $842 million, or $1.99 per share, for the same quarter in 2018. The after-tax adjusted operating income was $950 million, or $2.33 per share, for Q4 2019, compared to $1.035 billion, or $2.44 per share, for the fourth quarter of 2018. The company made progress on its strategy to provide financial opportunity and drive efficiency.
Net income attributable to Prudential Financial, Inc. was $1.128 billion or $2.76 per share, compared to $842 million or $1.99 per share for the year-ago quarter.
After-tax adjusted operating income was $950 million or $2.33 per share, compared to $1.035 billion or $2.44 per share for the year-ago quarter.
Capital returned to shareholders of $906 million, compared to $752 million for the year-ago quarter.
Assets under management amounted to $1.551 trillion, compared to $1.377 trillion for the year-ago.
Prudential
Prudential
Prudential Revenue by Segment
Revenue by Segment
PGIM Revenue
CapyFin.comInternational Businesses Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
Prudential remains focused on enhancing customer experience, delivering on cost savings, increasing earnings in international growth markets, and mitigating the effect of low interest rates to drive future earnings growth.
Positive Outlook
- Enhancing customer experience
- Delivering on cost savings initiative
- Increasing percentage of earnings in international growth markets
- Taking actions to mitigate the effect of low interest rates
- Focusing on financial opportunity
Challenges Ahead
- Risk of being unable to execute strategy due to market or competitive conditions
- Potential effects of future developments on Prudential Financial, Inc. and its subsidiaries
- Fluctuating effects of items on underlying profitability
- External and potentially volatile capital and currency market conditions
- Accounting impact associated with insurance liabilities