PRU · Q3 AOI $3.77 vs $3.32 est

Prudential Financial reported Q3 2026 after-tax adjusted operating income of $1.321B ($3.77/share), down 8.5% YoY from $1.444B ($4.05/share), missing the consensus estimate of $3.32/share. The miss was driven by a 25% drop in Japan Businesses AOI to $559M due to the Prudential of Japan sales suspension, partially offset by PGIM growth (+8% to $263M) and stable U.S. Businesses. Net income was $1.388B ($3.96/share) vs $1.431B a year ago. The company continued its geographic simplification, announcing sales of Brazil, Mexico and South Africa insurance operations.

• After-tax adjusted operating income $1.321B ($3.77/diluted share) vs $1.444B ($4.05) YoY, below consensus $3.32
• Japan Businesses AOI fell 25% to $559M from $750M YoY due to Prudential of Japan sales suspension
• PGIM AOI rose 8% to $263M from $244M YoY on higher asset management fees and lower expenses
• U.S. Businesses AOI essentially flat at $1.173B vs $1.188B YoY