Categories: Business

Prudential Financial quarterly profit rises on underwriting business strength

Published by
TDG Syndication

(Reuters) -Prudential Financial reported a rise in third-quarter profit on Wednesday as it was helped by strong underwriting in its international business and investment gains. Shares of the company, which have lost about 15% in 2025, were up 2.8% trading after the bell. Its international businesses posted an adjusted operating income of $881 million, compared with $766 million a year earlier. Prudential has a diversified business model that also includes an investment management business, where assets under management came in at $1.61 trillion in the third quarter, compared with $1.56 trillion a year ago. PGIM, Prudential's global investment management business, reported an adjusted operating income of $244 million, compared with $241 million a year earlier. Prudential's adjusted operating income, after-tax, came in at $1.52 billion, or $4.26 per share, compared with $1.21 billion, or $3.33 per share in the year ago period. (Reporting by Pritam Biswas and Anuj T in Bengaluru; Editing by Anil D'Silva) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TDG Syndication
Published by TDG Syndication