Record High Pretax Adjusted Operating Income
Prudential's pretax adjusted operating income reached $1.9 billion or $4.26 per share, up 28% from the prior year quarter, marking a record high.
Strong Performance in PGIM
PGIM achieved positive net inflows across both third-party and affiliated channels, with assets under management increasing by 5% from the prior year quarter to $1.5 trillion.
Institutional Retirement Success
Prudential closed a Jumbo Pension Risk Transfer transaction and reported year-to-date sales of over $30 billion in the U.S. retirement strategies segment.
Sales Growth in Individual Life and Group Insurance
Prudential reported double-digit year-to-date sales growth in Individual Life and Group Insurance, with Individual Life sales up 20% from the prior year quarter.
International Growth in Japan and Brazil
Sales in Japan increased by about 35% over three years, with yen-denominated sales up over 50%. In Brazil, a new sales record was set in the Life Planner channel.
Margin Expansion and Cost Savings
Prudential expects to realize approximately $100 million in annual run rate savings by the end of 2026, contributing to over 200 basis points of margin expansion.