NYSE$PRU

Prudential Financial Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Prudential reported solid financial results, driven by strong investment performance and high demand for new products.

Prudential Financial, Inc. reported a net income of $1.530 billion for Q3 2021, compared to $1.487 billion for the year-ago quarter. After-tax adjusted operating income was $1.487 billion, versus $1.238 billion for the year-ago quarter.

  • Net income attributable to Prudential Financial, Inc. was $1.530 billion or $3.90 per Common share versus net income of $1.487 billion or $3.70 per share for the year-ago quarter.
  • After-tax adjusted operating income was $1.487 billion or $3.78 per Common share versus $1.238 billion or $3.08 per share for the year-ago quarter.
  • Assets under management were $1.727 trillion versus $1.648 trillion for the year-ago quarter.
  • Capital returned to shareholders was $1.326 billion in the quarter, including $875 million of share repurchases and $451 million of dividends.

Headline financials

Total Revenue

$21.6B

Previous: $15.4B+40.3%
EPS (adj)

$3.78

Previous: $3.21+17.8%
Net Income

$1.53B

Previous: $1.49B+2.9%
Operating Income

$1.81B

Previous: $1.45B+24.8%
Gross Profit

$5.19B

Previous: $4.77B+8.8%
Cash & Equivalents

$15.6B

Previous: $20.7B-24.5%
Total Assets

$933B

Previous: $912B+2.3%

Revenue & EPS history

Prudential · Revenue · Quarterly

$21.6B

Q3 2021+40.3%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Prudential · $754M total across 3 segments · Q3 2021

  • International Businesses
    $887M+14.5%
  • PGIM
    $327M-11.6%
  • Corporate & Other
    -$460M-1.1%

Forward guidance

Prudential is committed to driving long-term sustainable growth and executing on its strategic priorities, including achieving net zero emissions across its primary global home office operations by 2050 and improving racial equity.

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 Q3 2021

Historical avgQ3 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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