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Stock impact report

CORRECTED-UPDATE 1-Insurer Prudential misses profit estimates on weaker annuities income [Reuters (UK)]

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
CORRECTED-UPDATE 1-Insurer Prudential misses profit estimates on weaker annuities income | Reuters Reuters Staff 2 Min Read (Corrects to 31 from 40 in third paragraph, adds “pre-tax” in sixth paragraph, corrects last paragraph to say MetLife is one of the largest U.S. life insurers, not the largest by assets.) Aug 1(Reuters) - Prudential Financial Inc on Wednesday missed Wall Street estimates for quarterly profit, hurt by weaker results at its annuities business. Prudential, the second largest U.S. life insurer, said adjusted operating income at its individual annuities unit fell 17 percent to $507 million in the second quarter ended June 30. Annuities are long term investments an individual makes with an insurance company specifically for retirement purposes. They contribute some 31 percent of Newark, New Jersey-based Prudential’s overall adjusted operating income. The company’s international insurance division also reported a decline in adjusted operating income, of 4.7 percent to $ Show less Read more
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