Prudential Financial's Q1 2025 Profit Boosted by U.S. Operations

Published 2 hours agoPRU

Prudential Financial's Q1 2025 Profit Boosted by U.S. Operations

Prudential Financial has reported a rise in profit for the first quarter of 2025, largely attributed to strong performance in its U.S. business. The company's U.S. operations saw their adjusted operating income increase to $931 million, compared to $805 million in the same period last year, according to Reuters.

Overall, Prudential's after-tax adjusted operating income reached $1.19 billion, or $3.29 per share, reflecting an increase from $1.12 billion, or $3.05 per share, a year earlier. The company's assets under management also grew to $1.52 trillion from $1.5 trillion year-over-year. However, PGIM, its global investment management arm, experienced a decline in adjusted operating income to $156 million from $169 million in the previous year.

In addressing the market environment, Prudential remarked that the quarter was marked by economic uncertainties due to U.S. tariff policies and environmental concerns. These factors reportedly contributed to an uptick in insurance spending. Despite these challenges, Prudential has maintained robust growth in its U.S. segment, reinforcing its financial stability.

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