Prudential Financial beats estimates on life, annuity strength
August 10, 2021 by Reuters
Aug 3 (Reuters) – Prudential Financial Inc (PRU.N) beat analysts’ estimates for quarterly adjusted profit on Tuesday, as strong performance at the U.S. insurer’s life and annuity units cushioned against weakness in its investment business.
PGIM, Prudential’s global investment management business, reported a 2.8% fall in adjusted operating income to $315 million in the second quarter ended June 30, while assets under management rose 8% to a record of $1.5 trillion.
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Originally Posted at Reuters on August 3, 2021 by Reuters.
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