secwatch.observer — SEC 8-K summary
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Issuer:     PRUDENTIAL FINANCIAL INC (PRU)
CIK:        0001137774
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001137774-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137774/000113777423000011/0001137774-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137774/000113777423000011/pru-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001137774-23-000011

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