Prudential Financial reported on November 3 that third-quarter 2026 net income was $1.388 billion, or $3.96 per share. After-tax adjusted operating income declined to $1.321 billion from $1.444 billion in the year-ago quarter. The company attributed lower earnings to a sales suspension in Japan in the P segment. Non-GAAP EPS was $3.77, beating analyst estimates by $0.45. The company cited strength in PGIM and its U.S. Protection businesses as support for net income.
The company reported adjusted EPS of $3.77, beating estimates by $0.45, driven by strong investment management and domestic protection performance despite headwinds in Japan.
Read the full storyThe company plans to report third-quarter results after the market closes on November 3, as Japanese restrictions on attracting new customers weigh on its business and analysts set expectations for earnings per share and revenue.
The company estimated the impact on its Japan business for the quarter ended September 30, while an order barring new business solicitation runs through January 2027.