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Prudential Financial shared its third-quarter earnings, showing adjusted income of $1.3 billion, which is lower than last year.

ResultsRead the original at Benzinga
Bad for PRU

Prudential's company-wide after-tax operating income and profit per share fell from a year earlier, mainly because Japan sales were suspended and U.S. costs rose. PGIM grew and Japan sales may restart in phases, but these improvements do not undo the reported decline.

PRU · Prudential Financial

AI read · Bad for PRU

The AI's read

The Japan sales suspension and higher U.S. costs outweighed gains in U.S. businesses and PGIM. PGIM income rose 8%, and retail annuity account values grew 25%, but company-wide income still fell. Japan sales may return in phases from February 1, but that recovery has not yet appeared in these results.

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