Prudential Q3 Net Income $1.39 Billion as Japan Sales Halt Weighs on Results
Newark — Prudential Financial reported third-quarter results on Nov. 3: net income attributable to common shareholders was $1.388 billion, or $3.96 per share, slightly below $1.431 billion, or $4.01 per share, a year earlier. After-tax adjusted operating income was $1.321 billion, or $3.77 per share, versus $1.444 billion, or $4.05 per share, a year earlier.
Results were weighed down by Japan: after Prudential of Japan halted sales, the Japan business's pre-tax adjusted operating income fell to $559 million from $750 million a year earlier, and new business sales in Japan dropped 36% on a constant-currency basis to $291 million. The company has extended the sales halt through Jan. 31, 2027.
Elsewhere, asset manager PGIM posted adjusted operating income of $263 million, up from $244 million, with third-party net flows at a 10-quarter high, while the U.S. businesses earned $1.173 billion, close to $1.188 billion a year earlier.
Prudential returned $741 million to shareholders in the quarter, including $250 million of buybacks and $491 million of dividends. Book value per share ended the quarter at $84.88, and adjusted book value per share at $102.39.
Source: Prudential Financial, Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：位于新泽西州 Newark 的保德信大厦。Ajay Suresh，CC BY 4.0，经 Wikimedia Commons。 / Photo: Prudential Tower in Newark, New Jersey. Photo by Ajay Suresh, CC BY 4.0, via Wikimedia Commons.
