Prudential Financial Inc

PRU: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Prudential Earnings: Earnings Momentum Remains Solid, but the Firm’s Valuation Is Rich

Suryansh Sharma

Oct 31, 2024

No-moat-rated Prudential Financial reported a steady set of numbers in the third quarter as aftertax adjusted operating income came in at $1.26 billion, or $3.48 per share, in the current quarter versus $1.33 billion, or $3.62 per share, in the third quarter of the previous year. The third-quarter results benefited from higher assets under management in the PGIM business and favorable underwriting results in its US business, but they were offset by weaker underwriting margins in the international business and higher expense pressure.

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Prudential Financial Inc

Prudential Earnings: Earnings Momentum Remains Solid, but the Firm’s Valuation Is Rich

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