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Stock impact report

Prudential Financial's oper profit beats estimates [Reuters]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Reuters
Prudential Financial's oper profit beats estimates | Reuters Reuters Staff 1 Min Read (Reuters) - Prudential Financial Inc, the largest U.S. life insurer by assets, on Wednesday reported a 7.6 percent rise in quarterly operating profit that topped analysts’ estimates, helped by higher policy fees in its annuities business. Prudential’s adjusted operating profit was $1.17 billion, or $2.69 per share, in the fourth quarter ended Dec. 31, up from $1.09 billion, or $2.46 per share, in the year-earlier period. Analysts were expecting earnings per share of $2.65, according to Thomson Reuters I/B/E/S. Adjusted operating income from the company’s individual annuities business rose 28 percent to $541 million. Prudential’s total assets under management rose to $1.39 trillion as of Dec. 31 from $1.26 trillion a year earlier. The company also booked a one-time gain of $2.87 billion in the quarter related to the new U.S. tax law. Shares of the insurer were up 1.60 percent at $112.95 in extended tr Show less Read more
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