Prudential Financial Delivers Solid Q1 Results, Shows Growth Momentum
"We delivered a solid first quarter, reflecting the progress we have made over the past year to operate with greater consistency and discipline," said Andy Sullivan, Chairman and Chief Executive Officer of Prudential Financial. "Momentum is growing across our businesses as we sharpen focus and strengthen execution. PGIM delivered strong investment performance and is on track to achieve its margin expansion target. Our U.S. Businesses reflected the actions taken to enhance competitive positioning, enabling us to capture demand and improve the underlying fundamentals across retirement and insurance. While the results of our International Businesses were impacted by the sales suspension at Prudential of Japan, our broader Japan platform remains diversified and resilient. Outside of Japan, Emerging Markets delivered a robust first quarter, driven by record earnings in Brazil. We have a strong foundation, distinctive capabilities, and we are building a stronger Prudential - positioned to deliver durable value across cycles."
