Prudential Financial profit rises on US business strength
April 30 (Reuters) - Prudential Financial PRU.N reported a rise in first-quarter profit on Wednesday, bolstered by strong underwriting at the insurer's U.S. unit which offset declines in its investment management business.
Market uncertainty sparked by U.S. President Donald Trump's tariff policy moves clubbed with environmental problems forced individuals and businesses to spend more on insurance policies in the reported quarter.
The Newark, New Jersey-based company's U.S. businesses posted adjusted operating income of $931 million in the quarter ended March 31, up from $805 million in the year-ago quarter.
PGIM, Prudential's global investment management business, reported an adjusted operating income of $156 million in the quarter, down from $169 million a year ago.
Assets under management came in at $1.52 trillion in the first quarter versus $1.5 trillion a year ago.
The company's after-tax adjusted operating income came in at $1.19 billion, or $3.29 per common share, in the January-to-March period, compared with $1.12 billion, or $3.05 per share, a year earlier.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
