Reuters logo
Investment business drives Prudential profit
May 7, 2014 / 8:20 PM / 4 years ago

Investment business drives Prudential profit

May 7 (Reuters) - Prudential Financial Inc, the second-largest U.S. life insurer, reported a quarterly profit compared with a loss a year earlier, driven by higher income from its investment unit.

The net profit in the financial services businesses attributable to the company was $1.22 billion, or $2.59 per share, for the quarter ended March 31, compared to a loss of $735 million, or $1.58 per share, a year earlier.

Prudential’s financial services business includes U.S. retirement services and investment management businesses. (Reporting by Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below