earnings
confidence high
sentiment neutral
materiality 0.70
Prudential prelim Q2: PGIM AUM $1.49T; actuarial updates net +$65M AOI; alt income below expectations
PRUDENTIAL FINANCIAL INC
- PGIM AUM $1.49T as of June 30, 2026; other related revenues ~$60M on AOI basis.
- General account alternative investment income estimated $20-40M below near-term expectations.
- Annual actuarial assumption update: one-time AOI impacts: Retirement -$90M, International +$80M, Group Insurance +$30M, Individual Life +$30M, U.S. Legacy +$15M.
- No material ongoing AOI impact expected from actuarial updates.
- Full Q2 earnings release scheduled for August 4, 2026.