Prudential Financial (PRU) Misses Q2 EPS by 62c

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Go back to Prudential Financial (PRU) Misses Q2 EPS by 62c

Prudential Financial, Inc. Announces Second Quarter 2022 Results

August 2, 2022 4:18 PM EDT

Net loss attributable to Prudential Financial, Inc. of $565 million or $1.53 per Common share versus net income of $2.158 billion or $5.40 per share for the year-ago quarter. The current quarter included a net after-tax charge from our annual assumption update and other refinements of $1.048 billion or $2.80 per Common share versus a benefit of $182 million or $0.45 per share in the year-ago quarter. The current quarter also included an after-tax gain due to the sales of a block of legacy variable annuities and the Full Service business of $1.140 billion or $3.04 per Common share. After-tax adjusted operating income of $664 million or... More