earnings
confidence high
sentiment neutral
materiality 0.75
Prudential Q4 net loss $57M vs profit $1.3B a year ago; adj. op. income up, dividend raised 4%
PRUDENTIAL FINANCIAL INC
2024-FY EPS reported
$7.50
revenue$70,405,000,000
- Full-year 2024 net income $2.727B ($7.50/diluted) vs $2.488B ($6.74) in 2023; adj. op. income $4.588B ($12.62) vs $4.380B ($11.88).
- Q4 2024 net loss $57M (-$0.17) vs net income $1.317B ($3.61) in Q4 2023; Q4 adj. op. income $1.068B ($2.96) vs $926M ($2.54).
- Quarterly dividend raised 4% to $1.35/share payable Mar 13, 2025; $1.0B share repurchase authorized for 2025.
- PGIM AUM $1.375T (+6% YoY) with $8.6B net inflows in Q4; Institutional Retirement Strategies sales $10B in Q4.
- U.S. Businesses adj. op. income $860M (down from $964M) due to one-time transaction costs; Individual Life posted $57M loss.