Prudential Financial, Inc. has reported its third quarter 2025 results, showcasing significant growth and improvement across various financial metrics compared to the year-ago quarter.
Net income attributable to Prudential Financial, Inc. soared to $1.431 billion or $4.01 per common share, a substantial increase from the net income of $448 million or $1.24 per share reported for the year-ago quarter.
After-tax adjusted operating income also demonstrated notable growth, reaching $1.521 billion or $4.26 per common share for the third quarter of 2025, compared to $1.208 billion or $3.33 per share for the year-ago quarter.
The company's book value per common share increased to $90.69 from $84.47 in the year-ago quarter, while adjusted book value per common share rose to $99.25 from $98.71.
Prudential Financial, Inc. also saw an increase in assets under management, which stood at $1.612 trillion compared to $1.558 trillion for the year-ago quarter.
Furthermore, capital returned to shareholders reached $731 million, including $250 million of share repurchases and $481 million of dividends, compared to $721 million in the year-ago quarter.
The CEO, Andy Sullivan, emphasized the record-high adjusted operating income earnings per share, marking a 28% increase from the year-ago quarter. This growth was attributed to increased momentum in sales and flows, as well as favorable market conditions, resulting in a year-to-date adjusted operating return on equity of over 15%.
In terms of specific business segments, PGIM, the company’s global investment management business, reported adjusted operating income of $244 million for the third quarter of 2025, compared to $241 million in the year-ago quarter.
U.S. businesses also showed improvement, with adjusted operating income reaching $1.149 billion for the third quarter of 2025, compared to $1.040 billion in the year-ago quarter. This was primarily driven by higher net investment spread results and more favorable underwriting results.
International businesses reported adjusted operating income of $881 million for the third quarter of 2025, compared to $766 million in the year-ago quarter, reflecting higher net investment spread results and more favorable underwriting results.
Today the company's shares have moved -0.74% to a price of $101.45. Check out the company's full 8-K submission here.
