Prudential Q2 net income $511M vs year-ago loss; adjusted EPS $2.94 beats $2.34

PRUDENTIAL FINANCIAL INC

2023-Q2 EPS reported $5.31 revenue$30,543,000,000

Net income $511M ($1.38/share) vs net loss $1.010B ($2.71) YoY; includes $329M annual assumption charge.
After-tax adjusted operating income $1.087B ($2.94/share) vs $895M ($2.34) YoY; up 21%.
PGIM AOI $179M vs $206M, AUM $1.266T up 1%; net outflows $5.2B.
Group Insurance record AOI $139M vs $54M; Institutional Retirement account values record $259B.
Capital returned $713M ($250M buybacks, $463M dividends); parent liquidity $4.5B vs $7.1B.

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 0.95

PRUDENTIAL FINANCIAL INC reported second quarter 2023 results: net income $511 million, EPS $1.38 per Common share.

Period: second quarter 2023
Net income: $511 million
EPS: $1.38 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 second quarter 2023 results.

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Source: SEC EDGAR

accession 0001137774-23-000088

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