NYSE$PRU

Prudential Financial Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Prudential reported a strong start to the year with record adjusted operating income and favorable sales.

Prudential Financial, Inc. reported a net income of $2.828 billion, or $6.98 per common share, compared to a net loss of $271 million, or $0.70 per share, for the year-ago quarter. The company's after-tax adjusted operating income reached a record high of $1.665 billion, or $4.11 per common share, versus $897 million, or $2.22 per share, for the year-ago quarter. The Board of Directors has authorized the repurchase of an additional $0.5 billion of its outstanding Common Stock.

  • Net income attributable to Prudential Financial, Inc. was $2.828 billion, or $6.98 per Common share.
  • After-tax adjusted operating income reached a record high of $1.665 billion, or $4.11 per Common share.
  • Capital returned to shareholders totaled $842 million, including dividends of $1.15 per Common share.
  • Assets under management amounted to $1.663 trillion.

Headline financials

Total Revenue

$17B

Previous: $13.5B+25.9%
EPS (adj)

$4.11

Previous: $2.32+77.2%
Net Income

$2.83B

Previous: -$271M+1143.5%
Operating Income

$3.41B

Previous: -$338M+1110.1%
Gross Profit

$6.73B

Previous: $3.19B+111.2%
Cash & Equivalents

$16.1B

Previous: $31.6B-49.1%
Total Assets

$907B

Previous: $874B+3.8%

Revenue & EPS history

Prudential · Revenue · Quarterly

$17B

Q1 2021+25.9%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Prudential · $1.24B total across 3 segments · Q1 2021

  • International Businesses
    $871M+16.0%
  • PGIM
    $651M+297.0%
  • Corporate & Other
    -$286M+16.4%

Forward guidance

Prudential is on track to realize $750 million in cost savings by the end of 2023 and are in process of reallocating $5 to $10 billion in capital. The company plans to return a total of $10.5 billion to shareholders over the next three years.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.2%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+7.5%

Q3 2009

Best reaction

-13.2%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%-0.8%+4.4%
Q4 2025-2.3%-4.6%-9.4%
Q3 2025+1.9%+3.8%+7.0%
Q2 2025-2.8%+0.5%+5.9%
Q1 2025-1.2%-0.8%+1.1%
Q4 2024-3.3%-5.0%-5.7%
Q3 2024-2.2%-3.7%+3.3%
Q2 2024-12.0%-14.6%-3.3%
Q1 2024+0.3%+0.3%+5.9%
Q4 2023+6.2%+2.8%+7.8%
Q3 2023+0.3%+0.4%+6.9%
Q2 2023-1.2%+0.0%-1.9%
Q1 2023-5.7%-4.9%-7.2%
Q4 2022+2.2%+0.9%-11.2%
Q3 2022+0.1%-0.1%+2.4%
Q2 2022-2.8%-3.2%-4.7%
Q1 2022+2.9%-1.6%-2.5%
Q4 2021+3.1%+5.7%-7.3%
Q3 2021+2.3%-0.4%-7.1%
Q2 2021-0.3%+4.6%+4.8%
Q1 2021+2.7%+4.4%+6.7%
Q4 2020-1.0%+0.6%+12.0%
Q3 2020-4.3%-3.6%+19.6%
Q2 2020+4.3%+5.5%+5.6%
Q1 2020-8.1%+0.2%+11.2%
Q4 2019+4.5%+3.5%-21.0%
Q3 2019-1.0%-0.1%-2.4%
Q2 2019-11.0%-16.0%-21.7%
Q1 2019-3.7%-3.5%-12.6%
Q4 2018-1.8%-1.6%+0.3%
Q3 2018-1.4%-4.8%-12.7%
Q2 2018-1.0%-1.2%-2.6%
Q1 2018-8.0%-5.3%-6.9%
Q4 2017-6.9%-2.8%-0.6%
Q3 2017+2.2%+1.7%+4.5%
Q2 2017-3.6%-2.4%-9.8%
Q1 2017+1.5%+0.7%-1.1%
Q4 2016+1.7%+3.0%+4.2%
Q3 2016+3.0%+5.5%+20.8%
Q2 2016-1.5%+4.5%+7.5%
Q1 2016-2.1%
Q4 2015-8.8%
Q3 2015-0.8%
Q2 2015-0.5%
Q1 2015+2.1%
Q4 2014-6.0%
Q3 2014-3.4%
Q2 2014+0.8%
Q1 2014+3.9%
Q4 2013-0.3%
Q3 2013+2.8%
Q2 2013-0.4%
Q1 2013+4.9%
Q4 2011-0.7%
Q4 2012-2.7%
Q3 2012-9.1%
Q2 2012+3.6%
Q1 2012-13.2%
Q2 2011-1.0%
Q3 2011+0.5%
Q1 2011+1.3%
Q2 2010+2.8%
Q4 2010+2.8%
Q3 2010-1.1%
Q1 2009+4.3%
Q1 2010+2.7%
Q4 2009+2.3%
Q4 2007+2.3%
Q3 2008+7.5%
Q3 2009+7.5%
Q4 2008+2.9%
Q2 2009+2.9%
Q2 2008+2.9%

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