Prudential Financial profit rises on asset management strength

Prudential Financial

05/05/2026 22:12

May 5 (Reuters) - Insurer Prudential Financial PRU.N reported a rise in first-quarter adjusted profit on Tuesday, lifted by strong gains in its investment management business.

Here are more details from the earnings release:

Prudential, which operates a diversified business across insurance and investment management, saw total assets under management climb to $1.58 trillion in the first quarter from $1.52 trillion a year earlier.

PGIM, Prudential's global investment management business, reported an adjusted operating income of $190 million, up 22% from a year earlier.

"PGIM delivered strong investment performance and is on track to achieve its margin expansion target," CEO Andy Sullivan said.

Prudential's overall after-tax adjusted operating income came in at $1.28 billion, or $3.61 per share, for the three months ended March 31, compared with $1.19 billion, or $3.29 per share, in the year-ago period.

 (Reporting by Pritam Biswas and Arasu Kannagi Basil in Bengaluru)

 ((Pritam.Biswas@thomsonreuters.com;))