Prudential Q1 net income falls to $1.14B but adjusted operating income rises to $1.14B

PRUDENTIAL FINANCIAL INC

2024-Q1 EPS reported $3.12 revenue$23,509,000,000

Net income $1.138B ($3.12/sh) vs $1.462B ($3.93/sh) year ago; adjusted operating income $1.141B ($3.12/sh) vs $1.004B ($2.70/sh).
Book value per share $75.00 vs $85.33; adjusted book value per share $97.03 vs $97.29.
PGIM assets under management $1.341T, up 6% YoY; third-party net inflows $26.6B including a large fixed-income mandate.
Retirement Strategies record account values $265B; institutional sales included two pension risk transfer transactions totaling ~$9B.
Capital returned to shareholders $726M ($250M buybacks + $476M dividends); quarterly dividend $1.30/sh.

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 first quarter 2024 results: net income $1.138 billion, EPS $3.12 per Common share.

Period: first quarter 2024
Net income: $1.138 billion
EPS: $3.12 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 2024 results.

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Source: SEC EDGAR

accession 0001137774-24-000064

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