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0:00 / 0:00I. Business Overview and Strategy
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Prudential Financial Rebounds to $2.5B Net Income Amid 5% Revenue Dip

PRU10-KFiling Date: 2/21/2024
Prudential Financial, Inc.
Description

What this story covers

Prudential Financial's 2023 10-K reveals 54 billion dollars revenues down 5 percent, but 2 point 5 billion dollars net income up from 2022 loss, driven by higher yields and reinsurance. Assets hit 721 billion dollars, with strong PGIM AUM at 1 point 3 trillion dollars. Strategy focuses on fee growth, de-risking, targeting 9 percent adjusted OI rise in 2024 amid market and regulatory risks.

Story snapshot

CompanyPrudential Financial, Inc.
TickerPRU
VariantStandard detailed
Duration13:19
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0001137774-24-000045

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