Business PerformancePRU's various business segments, including PGIM, Institutional Retirement, Group and Individual Life, outperformed expectations on a normalized basis.
Earnings QualityAdjusted for one-time expenses and underwriting experience, PRU's earnings per share would have been $3.51, surpassing the normalized estimate.
Financial StrengthPRU's capital position remains robust, highlighted by a healthy holding company liquidity and risk-based capital comfortably above target levels.