NYSE$PRU

Prudential Financial Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Prudential reported strong financial results for Q2 2021, driven by robust investment performance and progress in cost savings.

Prudential Financial, Inc. reported a net income of $2.158 billion for Q2 2021, a significant increase compared to the net loss of $2.409 billion in the same quarter of the previous year. After-tax adjusted operating income was $1.514 billion, compared to $740 million in the year-ago quarter. The company also saw growth in assets under management, reaching $1.730 trillion.

  • Net income attributable to Prudential Financial, Inc. was $2.158 billion, or $5.40 per Common share.
  • After-tax adjusted operating income reached $1.514 billion, or $3.79 per Common share.
  • Assets under management increased to $1.730 trillion.
  • Capital returned to shareholders totaled $1.335 billion, including $875 million in share repurchases.

Headline financials

Total Revenue

$15.9B

Previous: $12.1B+31.4%
EPS (adj)

$3.79

Previous: $1.85+104.9%
Assets Under Management

$1.73T

Previous: $1.61T+7.8%
Net Income

$2.16B

Previous: -$2.41B+189.6%
Operating Income

$2.77B

Previous: -$2.33B+218.9%
Gross Profit

$6B

Previous: $1.02B+491.4%
Cash & Equivalents

$15.1B

Previous: $21.1B-28.4%
Total Assets

$926B

Previous: $915B+1.2%

Revenue & EPS history

Prudential · Revenue · Quarterly

$15.9B

Q2 2021+31.4%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Prudential · $818M total across 3 segments · Q2 2021

  • International Businesses
    $803M+15.9%
  • PGIM
    $315M-2.8%
  • Corporate & Other
    -$300M+44.5%

Forward guidance

Prudential expects to return a total of $11.0 billion to shareholders through 2023.

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 Q2 2021

Historical avgQ2 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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