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Prudential Financial profit rises on US business strength
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Prudential Financial profit rises on US business strength
May 25, 2025 10:28 PM

April 30 (Reuters) - Prudential Financial ( PRU )

reported a rise in first-quarter profit on Wednesday, bolstered

by strong underwriting at the insurer's U.S. unit which offset

declines in its investment management business.

Market uncertainty sparked by U.S. President Donald Trump's

tariff policy moves clubbed with environmental problems forced

individuals and businesses to spend more on insurance policies

in the reported quarter.

The Newark, New Jersey-based company's U.S. businesses

posted adjusted operating income of $931 million in the quarter

ended March 31, up from $805 million in the year-ago quarter.

PGIM, Prudential's global investment management business,

reported an adjusted operating income of $156 million in the

quarter, down from $169 million a year ago.

Assets under management came in at $1.52 trillion in the

first quarter versus $1.5 trillion a year ago.

The company's after-tax adjusted operating income came in at

$1.19 billion, or $3.29 per common share, in the

January-to-March period, compared with $1.12 billion, or $3.05

per share, a year earlier.

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