NYSE$PRU

Prudential Financial Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Prudential's financial performance was strong, marked by significant progress in becoming a higher growth, less market sensitive, and more nimble company.

Prudential Financial, Inc. reported a net income attributable to Prudential Financial, Inc. of $1.208 billion or $3.13 per Common share for Q4 2021, compared to a net income of $819 million or $2.03 per share for the year-ago quarter. After-tax adjusted operating income was $1.227 billion or $3.18 per Common share for Q4 2021, compared to $1.130 billion or $2.80 per Common share for the fourth quarter of 2020.

  • Net income attributable to Prudential Financial, Inc. was $1.208 billion or $3.13 per Common share versus net income of $819 million or $2.03 per share for the year-ago quarter.
  • After-tax adjusted operating income was $1.227 billion or $3.18 per Common share versus $1.130 billion or $2.80 per share for the year-ago quarter.
  • Assets under management of $1.742 trillion versus $1.721 trillion for the year-ago quarter.
  • The company declared a quarterly dividend of $1.20 per share of Common Stock, payable on March 11, 2022.

Headline financials

Total Revenue

$13.7B

Previous: $15.1B-8.8%
EPS (adj)

$3.18

Previous: $2.93+8.5%
Assets Under Management

$1.74T

No prior period
Net Income

$1.21B

Previous: $819M+47.5%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$12.9B

Previous: $13.7B-5.9%
Total Assets

$938B

Previous: $941B-0.3%

Revenue & EPS history

Prudential · Revenue · Quarterly

$13.7B

Q4 2021-8.8%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Prudential · $690M total across 3 segments · Q4 2021

  • International Businesses
    $829M+4.9%
  • PGIM
    $350M-13.4%
  • Corporate & Other
    -$489M-0.6%

Forward guidance

The document includes forward-looking statements regarding Prudential's strategy, planned dispositions, cost savings program, share repurchases and dividends, product mix, and efforts to address climate change.

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 Q4 2021

Historical avgQ4 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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