Prudential Financial quarterly profit rises on underwriting business strength

(Reuters) -Prudential Financial reported a rise in third-quarter profit on Wednesday as it was helped by strong underwriting in its international business and investment gains.

Shares of the company, which have lost about 15% in 2025, were up 2.8% trading after the bell.

Its international businesses posted an adjusted operating income of $881 million, compared with $766 million a year earlier.

Prudential has a diversified business model that also includes an investment management business, where assets under management came in at $1.61 trillion in the third quarter, compared with $1.56 trillion a year ago.

PGIM, Prudential's global investment management business, reported an adjusted operating income of $244 million, compared with $241 million a year earlier.

Prudential's adjusted operating income, after-tax, came in at $1.52 billion, or $4.26 per share, compared with $1.21 billion, or $3.33 per share in the year ago period.

(Reporting by Pritam Biswas and Anuj T in Bengaluru; Editing by Anil D'Silva)

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