Prudential Financial Inc logo is seen displayed in this illustration taken, April 10, 2023.
REUTERS/Dado Ruvic/Illustration/File PhotoAug 1 (Reuters) - Prudential Financial (PRU.N) on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer's U.S. unit benefited from a higher net investment spread and more favorable underwriting.
Its U.S. businesses reported adjusted operating income of $956 million for the second quarter, compared with $573 million a year ago.
Prudential's assets under management were roughly flat at $1.4 trillion in the second quarter.
Prudential said it returned $713 million to shareholders in the second quarter, including $250 million of share repurchases and $463 million of dividends.
Persons:
Dado Ruvic, Charles Lowrey, Manya Saini, Devika
Organizations:
Prudential Financial, REUTERS, Investment, Prudential, Thomson
Locations:
U.S, Ukraine, Bengaluru