Financial giant Prudential announces outcomes for the second quarter of the year 2025
Prudential Financial, Inc. (NYSE: PRU) has announced its financial results for the second quarter of 2025. The company reported a net income (loss) attributable to the Company of $533 million or $1.48 per Common share.
In the same quarter last year, the net income was $1.198 billion or $3.28 per Common share. The decrease in net income is due to pre-tax net realized investment losses and related charges and adjustments amounting to $516 million in the current quarter.
Adjusted operating income and adjusted book value are non-GAAP measures. After-tax adjusted operating income for the second quarter of 2025 was $1.284 billion or $3.58 per Common share. Adjusted book value per Common share for the same period was $96.41.
Prudential Financial's assets under management for the second quarter of 2025 were $1.580 trillion, up from $1.482 trillion in the year-ago quarter.
Business Segment Highlights
- Retirement Strategies, consisting of Institutional Retirement Strategies and Individual Retirement Strategies, reported adjusted operating income of $722 million for the second quarter of 2025, down from $865 million in the year-ago quarter.
- U.S. Businesses reported adjusted operating income of $955 million for the second quarter of 2025, down from $1,023 million in the year-ago quarter.
- International Businesses reported adjusted operating income of $761 million for the second quarter of 2025, up from $702 million in the year-ago quarter.
- PGIM, the global investment management business, reported adjusted operating income of $229 million for the second quarter of 2025, up from $206 million in the year-ago quarter. PGIM's assets under management for the second quarter of 2025 were $1.441 trillion, up 8% from the year-ago quarter.
- Group Insurance reported adjusted operating income of $125 million in the current quarter.
- Corporate & Other reported a loss, on an adjusted operating income basis, of $280 million for the second quarter of 2025, compared to a loss of $371 million in the year-ago quarter.
Other Highlights
- Dividends paid in the second quarter of 2025 were $1.35 per Common share, representing a 5.6% yield on adjusted book value.
- Capital returned to shareholders for the second quarter of 2025 was $735 million.
- Parent company highly liquid assets for the second quarter of 2025 were $3.9 billion.
- Members of Prudential's senior management will host a conference call on Thursday, July 31, 2025, at 11:00 a.m. ET to discuss the Company's second quarter results.
Prudential Financial reported strong second-quarter 2025 leadership performance, with CEO Charles F. Lowrey emphasizing growth in insurance and asset management sectors. The company also highlighted constant dollar basis sales for International Businesses, which were $541 million, up 4% from the year-ago quarter.
Forward-looking statements in the release may differ materially from expectations or estimates due to various factors.
A replay of the conference call will be available on the Investor Relations website through August 14. For more information, visit Prudential Financial's Investor Relations website.
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