Earnings Releases·Nov 3, 2026, 4:20 PM ET

Prudential Financial — Third Quarter 2026 Earnings Summary

Net income attributable to Prudential Financial declined 3% year-over-year to $1.388 billion ($3.96 per share), while adjusted operating income fell 9% to $1.321 billion ($3.77 per share); adjusted book value per share rose 3% to $102.39.
PGIM delivered strong momentum with adjusted operating income up 8% to $263 million and third-party net inflows of $9.0 billion, the highest level in 10 quarters, driven by public credit inflows.
U.S. Retirement segment achieved record quarterly retail annuity sales of $3.9 billion, while Group Insurance and Individual Life adjusted operating incomes increased, though U.S. Legacy Products income declined due to traditional variable annuity run-off.
Japan Businesses adjusted operating income dropped 26% to $559 million, impacted by a sales suspension and less favorable underwriting, which offset gains in other segments.
The company advanced its strategic simplification by closing sales of businesses in Indonesia, Kenya, Brazil, Mexico, and South Africa, while returning $741 million to shareholders via $250 million in repurchases and $491 million in dividends.