Prudential Scores Winning 2Q With FlexGuard
August 10, 2021 by Steven A. Morelli
Prudential had another blazing quarter largely due to booming sales in its registered index-linked annuity along with equity markets and inflows boosting account values, which offset a dip in its investment business.
Prudential’s U.S. businesses reported adjusted operating income more than doubled to $1.09 billion for the second quarter over the $455 million in the year-ago quarter, which suffered the effects of the COVID-19 lockdown. Its annuity segment jumped nearly 90% to $472 million over the $249 million in the second quarter of last year.