Prudential Q3 net loss $284M; adjusted op income $803M; cost savings target met

PRUDENTIAL FINANCIAL INC

2022-Q3 EPS reported -$2.41 revenue$46,716,000,000

Net loss of $284M ($0.78/share) vs net income of $1.530B ($3.90/share) in Q3 2021.
After-tax adjusted operating income $803M ($2.13/share) down from $1.487B ($3.78/share) YoY.
Book value per share fell to $44.15 from $160.29; adjusted book value $102.26 vs $106.85.
PGIM AUM $1.206T, down 20% YoY; third-party net outflows of $4.0B.
Achieved $750M cost savings target one year ahead of schedule; returned $829M to shareholders.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRUDENTIAL FINANCIAL INC reported the third quarter of 2022 results: net income Net loss attributable to Prudential Financial, Inc. of $284 million or $0.78 per Common share, EPS ($0.78 per Common share).

Period: the third quarter of 2022
Net income: Net loss attributable to Prudential Financial, Inc. of $284 million or $0.78 per Common share
EPS: ($0.78 per Common share)
Result: reported results

Exact text from the filing

Prudential Financial, Inc. (the "Company") furnishes herewith, as Exhibit 99.1, a news release announcing third quarter 2022 results.

View on SEC.gov

Browse all earnings releases →

PRUDENTIAL FINANCIAL INC filing history →

Source: SEC EDGAR

accession 0001137774-22-000106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.