Prudential reports Q4 adjusted EPS $2.58, consensus $2.60

Charles Lowrey, Chairman and CEO, commented on results: “Our 2023 results reflect continued strong sales across our insurance and retirement businesses and solid underlying earnings growth. We are proud of the significant progress we made to become a higher growth, more capital efficient, and more nimble company. In 2023, we successfully reduced our market sensitivity and increased capital flexibility through multiple strategic transactions. We reached more people around the world with our leading life, retirement, and investment products through expanded distribution and enhanced technology. We launched Prismic, a life and annuity reinsurance company, to drive future growth and unlock value for all stakeholders. And finally, we adopted a new operating model to ensure we meet our customers’ evolving needs while driving efficiency to maintain our competitive market position. Looking ahead, we are confident that our strategy and mutually reinforcing business system position us well to deliver long-term, sustainable growth, and to continue to be a global leader in expanding access to investing, insurance, and retirement security.”