Prudential reports Q2 adjusted EPS $3.58, consensus $3.22

Andy Sullivan, CEO, commented on results: “Our second quarter financial performance reflects continued positive momentum with solid sales across our global retirement and insurance businesses as well as strong investment performance in PGIM. We remain focused on driving sustainable growth by sharpening our strategy, improving our financial performance, and fostering a high-performance culture. During the second quarter, we made early progress towards achieving these priorities by launching the integration of PGIM’s multi-manager model into a single unified asset management business, including a $1 trillion public and private credit platform. Our new structure enables us to better serve clients with differentiated origination and alpha-generating capabilities, including the rapidly growing market for private credit solutions, and to drive operating efficiencies, cross-selling opportunities, and increased revenue over time. Looking ahead, we are focused on driving growth and long-term value for our shareholders, while continuing to navigate the current macroeconomic environment with discipline and the support of our robust financial strength.”