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Stock impact report

MetLife Q1 profit rises on higher premiums, investment income [Yahoo! Finance Canada]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 billion. A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments. The company's net investment income was up at $5.44 billion from $4.65 billion in the year-ago period. On an adjusted basis, profit was $1.83 per share for the three months ended March 31, compared with $1.52 a year earlier. ADVERTISEMENT Rival Prudential Financial also reported a rise in quarterly profit on Tuesday helped by robust performance in the insurer's U.S. unit. (Reporting by Pritam Biswas and Arasu Kannagi Basil in Bengaluru; Editing by Mohammed Safi Shamsi) Show less Read more
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