Prudential reports Q4 net loss $558M; adj. operating income $907M; $1B buyback authorized

PRUDENTIAL FINANCIAL INC

2022-FY EPS reported -$3.93 revenue$60,050,000,000

Net loss $558M ($1.53/share) vs net income $1.208B ($3.13) a year ago; includes $713M goodwill impairment on Assurance IQ.
After-tax adjusted operating income $907M ($2.42/share) vs $1.227B ($3.18) in Q4 2021, down 26%.
Full-year 2022 net loss $1.438B ($3.93/share) vs net income $7.724B ($19.51) in 2021.
Board authorizes $1.0B share repurchase for 2023; quarterly dividend raised 4% to $1.25/share, 15th consecutive annual increase.
Book value per share fell to $43.81 from $161.26; adjusted book value $99.22 vs $108.72.

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 1.0

PRUDENTIAL FINANCIAL INC reported 2022 results: net income $1.438 billion, EPS $3.93 per Common share.

Period: 2022
Net income: $1.438 billion
EPS: $3.93 per Common share
Result: reported results

Exact text from the filing

Net loss attributable to Prudential Financial, Inc. was $1.438 billion ($3.93 per Common share) for 2022, compared to net income of $7.724 billion ($19.51 per Common share) for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PRUDENTIAL FINANCIAL INC reported fourth quarter 2022 results: net income $558 million, EPS $1.53 per Common share.

Period: fourth quarter 2022
Net income: $558 million
EPS: $1.53 per Common share
Result: reported results

Exact text from the filing

Net loss attributable to Prudential Financial, Inc. was $558 million ($1.53 per Common share) for the fourth quarter of 2022, compared to net income of $1.208 billion ($3.13 per Common share) for the fourth quarter of 2021.

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Source: SEC EDGAR

accession 0001137774-23-000011

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