Overview
Financial services firm's Q4 net income rises to $905 mln from a loss last year
Company suspends new sales in Japan for 90 days due to misconduct issues
Outlook
Company plans to repurchase up to $1 bln of stock in 2026
Result Drivers
U.S. BUSINESSES - Higher net investment spread results and favorable underwriting outcomes drove increased adjusted operating income in Q4
INTERNATIONAL BUSINESSES - Improved net investment spread results and underwriting outcomes contributed to growth in adjusted operating income
PGIM PERFORMANCE - Higher expenses and lower seed and co-investment income impacted PGIM's adjusted operating income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | $905 mln | ||
Q4 Adjusted Operating Income | Miss | $1.17 bln | $2.10 bln (1 Analyst) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy."
Wall Street's median 12-month price target for Prudential Financial Inc is $121.00, about 8.3% above its February 2 closing price of $111.72
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw7cxYzla
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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