Prudential reports Q3 net loss of $802M; adj op income rises to $1.27B

PRUDENTIAL FINANCIAL INC

2023-Q3 EPS reported $3.15 revenue$38,895,000,000

Net loss $802M ($2.23/sh) vs net loss $92M ($0.26/sh) YoY; after-tax adjusted op income $1.266B ($3.44/sh) vs $896M ($2.37/sh).
Book value per share fell to $70.82 from $82.83; parent liquid assets $4.3B (down from $5.1B).
U.S. Businesses AOI $1.088B (up from $615M); International $811M (up from $748M); PGIM $211M (down from $219M).
Capital returned $711M in Q3 ($250M buybacks, $461M dividends); dividend $1.25/sh.
Launched Prismic, a life/annuity reinsurance company, to drive future growth.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRUDENTIAL FINANCIAL INC reported third quarter 2023 results: net income net loss attributable to Prudential Financial, Inc. of $802 million or $2.23 per Common share.

Period: third quarter 2023
Net income: net loss attributable to Prudential Financial, Inc. of $802 million or $2.23 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 third quarter 2023 results.

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Source: SEC EDGAR

accession 0001137774-23-000114

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