Prudential Financial posts higher first-quarter earnings and beats expectations
Updated
Updated · Bloomberg · May 5
Prudential Financial posts higher first-quarter earnings and beats expectations
10 articles · Updated · Bloomberg · May 5
Operating EPS rose 9.7% to $3.61, topping the $3.09 analyst estimate, while net investment income increased 11% to about $5bn.
The stronger-than-expected quarter eases pressure on chief executive Andy Sullivan as the insurer deals with a sales pause in Japan, one of its biggest markets.
The results suggest investment income helped offset business disruption, giving Prudential support as it navigates challenges in a key overseas market.
Can Prudential's new leader contain a $575 million earnings hit from its massive Japan fraud scandal?
Prudential's profits soared past expectations, so why did its stock price plummet?
With its stock trading far below fair value, is Prudential a historic bargain or a dangerous value trap?