Prudential Q1 net income $1.46B ($3.93 EPS); adj op income $990M down from $1.19B

PRUDENTIAL FINANCIAL INC

2023-Q1 EPS reported $3.93 revenue$17,045,000,000

Net income $1.462B ($3.93 per share) vs net loss $493M ($1.33) YoY; after-tax adj op income $990M ($2.66) vs $1.191B ($3.10).
PGIM adj op income $151M vs $188M; AUM $1.27T down 10% YoY; third-party net outflows $14.0B.
U.S. Businesses adj op income $760M vs $813M; Group Insurance swung to profit $25M from loss $115M; Individual Life loss $102M.
International Businesses adj op income $840M vs $951M; constant currency sales +13% Life Planner, +16% Gibraltar.
Capital returned $718M ($250M buybacks, $468M dividends) vs $837M; parent liquidity $4.6B vs $3.6B.

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 first quarter 2023 results: net income $1.462 billion ($3.93 per Common share), EPS $3.93 per Common share.

Period: first quarter 2023
Net income: $1.462 billion ($3.93 per Common share)
EPS: $3.93 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 first quarter 2023 results.

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PRUDENTIAL FINANCIAL INC filing history →

Source: SEC EDGAR

accession 0001137774-23-000062

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