Prudential reports lower third-quarter adjusted earnings as Japan weighs on results

Prudential Financial reported third-quarter 2026 net income of $1.388 billion, or $3.96 per share, and after-tax adjusted operating income of $1.321 billion, or $3.77 per share, down from $1.431 billion and $1.444 billion, respectively, a year earlier. Japan Businesses adjusted operating income fell to $559 million from $750 million as the Prudential of Japan sales suspension hurt results, while PGIM income rose to $263 million and U.S. Businesses generated $1.173 billion; Prudential returned $741 million to shareholders through $250 million of repurchases and $491 million of dividends, and reported $1.616 trillion in assets under management as of September 30, 2026.