Earnings Call Summary | Prudential Financial(PRU.US) Q1 2024 Earnings Conference
Earnings Call Summary | Prudential Financial(PRU.US) Q1 2024 Earnings Conference
The following is a summary of the Prudential Financial, Inc. (PRU) Q1 2024 Earnings Call Transcript:
以下是保诚金融公司（PRU）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Prudential's pre-tax adjusted operating income for Q1 2024 was $1.5 billion or $3.12 per share, up 16% from the previous year's quarter due to strong sales and the benefits of higher interest rates and equity markets.
The company returned over $700 million to shareholders and increased its quarterly dividend by 4%, marking 16 consecutive annual increases.
The solid balance sheet showed approximately $48 billion of unrealised insurance margins, over $4 billion in liquid assets and a high-quality investment portfolio.
The company's investment manager, PGIM, experienced a 6% increase in its assets under management to $1.3 trillion.
保诚2024年第一季度的税前调整后营业收入为15亿美元，合每股3.12美元，比上年同期增长16％，这要归因于强劲的销售以及更高的利率和股票市场的好处。
该公司向股东返还了超过7亿美元，并将季度股息增加了4％，标志着连续16年增长。
稳健的资产负债表显示约480亿美元的未实现保险利润率，超过40亿美元的流动资产和高质量的投资组合。
该公司的投资经理PGIM的管理资产增长了6％，达到1.3万亿美元。
Business Progress:
业务进展：
Prudential's business shift aims it to be a more efficient, agile company with higher growth.
There was a record increase in sales in the Institutional Retirement Strategies and Individual Retirement Strategies sectors.
New product offerings were launched in Japan and distribution was expanded in emerging markets.
The disability product's earned premiums saw a nearly 15% increase.
The company had their best first quarter group underwriting results with a benefit ratio of less than 85%.
The claims process for their disability products was streamlined, enhancing customer experience and contributing to strong underwriting results.
The company is positioned to continue leading in the pension risk transfer space and has planned an opportunistic capital deployment in this area.
The company is progressing towards transitioning to Economic Solvency Ratio (ESR) in Japan by 2025.
Prudential's reserves in the real estate portfolio moderately increased to $414 million.
The company showed profitable performances in the life and annuity markets. In Q1, life insurance sales exceeded $165 million, up by 10% from last year primarily due to term and variable products.
The company also expanded its product offerings, included more fixed annuity solutions, and improved its claims process for disability insurance.
There are no plans for further expansion beyond current geographies in emerging markets.
保诚的业务转变旨在成为一家更高效、更敏捷、增长更高的公司。
机构退休策略和个人退休策略领域的销售额创历史新高。
新产品在日本推出，并扩大了在新兴市场的分销范围。
残疾人产品的收入保费增长了近15％。
该公司的第一季度集团承保业绩最好，收益率低于85％。
他们的残疾保险理赔流程得到了简化，增强了客户体验并取得了良好的承保业绩。
该公司有望继续在养老金风险转移领域处于领先地位，并计划在该领域进行机会主义资本部署。
该公司正在朝着到2025年在日本过渡到经济偿付能力比率（ESR）的方向迈进。
保诚的房地产投资组合储备适度增加至4.14亿美元。
该公司在人寿和年金市场表现出盈利表现。第一季度，人寿保险销售额超过1.65亿美元，比去年增长10％，这主要归因于定期和可变产品。
该公司还扩大了产品范围，包括更多的固定年金解决方案，并改进了伤残保险的索赔流程。
除了新兴市场目前的地域之外，没有进一步扩张的计划。
More details: Prudential Financial IR
更多详情： 保诚金融投资者关系
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。