secwatch.observer — SEC 8-K summary
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Issuer:     PRUDENTIAL FINANCIAL INC (PRU)
CIK:        0001137774
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001137774-22-000106
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137774/000113777422000106/0001137774-22-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137774/000113777422000106/pru-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001137774-22-000106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer