Prudential Financial Inc

PRU

Equity

ISIN US7443201022 / Valor 1331041

New York Stock Exchange, Inc (2024-12-24)

USD 119.26+0.59%

Prudential Financial Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

.S. Prudential Financial Inc is a leading financial services company based in Newark, NJ, that specializes in providing annuities and life insurance products through its various subsidiaries such as The Prudential Insurance Company of America and Pruco Life Insurance Company. The company also offers variable annuities and variable life insurance through Prudential Annuities Distributors, Inc. Prudential Financial Inc is known for its strong financial stability and commitment to fulfilling its contractual obligations to its customers.

Summarized from source with an LLMView SourceSector: Finance

Net Income

In the third quarter of 2024, Prudential Financial Inc. reported a net income attributable to the company of $448 million, a significant improvement compared to a net loss of $802 million in the same quarter of 2023. This turnaround highlights the company's recovery and improved financial performance over the past year.

Earnings Per Share

Prudential Financial Inc.'s earnings per share (EPS) for the third quarter of 2024 stood at $1.24, contrasting with a loss of $2.23 per share in the third quarter of 2023. This positive EPS indicates a strong rebound in the company's profitability on a per-share basis.

Adjusted Operating Income

The after-tax adjusted operating income for Prudential Financial Inc. in Q3 2024 was $1,260 million, slightly down from $1,332 million in Q3 2023. Despite the decrease, the company maintained a robust level of adjusted operating income, reflecting stable operational performance.

Assets Under Management

As of September 30, 2024, Prudential Financial Inc. reported total assets under management of $1,557.9 billion, up from $1,361.3 billion at the end of the same period in 2023. This growth in assets under management underscores the company's expanding influence and capability in managing financial assets.

Book Value Per Share

Prudential Financial Inc.'s GAAP book value per common share, excluding accumulated other comprehensive income, was $97.92 as of the end of Q3 2024, compared to $92.30 in Q3 2023. This increase in book value per share indicates an enhancement in the company's intrinsic value over the year.

Summarized from source with an LLMView Source

Key figures

15.2%1Y

10.2%3Y

27.1%5Y

Performance

23.0%1Y

26.1%3Y

38.2%5Y

Volatility