earnings
confidence high
sentiment positive
materiality 0.80
Prudential Q2 net income $1.2B ($3.28/sh) vs $511M; adj op inc $1.23B ($3.39/sh) vs $1.14B
PRUDENTIAL FINANCIAL INC
2024-Q2 EPS reported
$6.40
revenue$38,392,000,000
- Net income $1.198B ($3.28/sh) vs $511M ($1.38/sh) in Q2 2023; includes $679M annual assumption update benefit.
- Adjusted operating income $1.234B ($3.39/sh) vs $1.142B ($3.09/sh); adjusted book value $98.42 vs $97.38.
- U.S. Businesses adjusted operating income $1.07B, up from $956M; Retirement Strategies $1.036B vs $876M; Sales in Institutional Retirement $4B incl PRT.
- International Businesses adj op inc $702M vs $784M; Life Planner sales up 9% to $257M constant; Gibraltar sales up 13% to $275M constant.
- PGIM adj op inc $206M vs $179M; AUM $1.328T up 5%; third-party net outflows $9.5B in Q2; capital returned $725M ($250M buyback, $475M dividends).