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:
以下是保誠金融公司（PRU）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
保誠2024年第一季度的稅前調整後營業收入爲15億美元，合每股3.12美元，比上年同期增長16％，這要歸因於強勁的銷售以及更高的利率和股票市場的好處。
該公司向股東返還了超過7億美元，並將季度股息增加了4％，標誌着連續16年增長。
穩健的資產負債表顯示約480億美元的未實現保險利潤率，超過40億美元的流動資產和高質量的投資組合。
該公司的投資經理PGIM的管理資產增長了6％，達到1.3萬億美元。
Business Progress:
業務進展：
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.
保誠的業務轉變旨在成爲一家更高效、更敏捷、增長更高的公司。
機構退休策略和個人退休策略領域的銷售額創歷史新高。
新產品在日本推出，並擴大了在新興市場的分銷範圍。
殘疾人產品的收入保費增長了近15％。
該公司的第一季度集團承保業績最好，收益率低於85％。
他們的殘疾保險理賠流程得到了簡化，增強了客戶體驗並取得了良好的承保業績。
該公司有望繼續在養老金風險轉移領域處於領先地位，並計劃在該領域進行機會主義資本部署。
該公司正在朝着到2025年在日本過渡到經濟償付能力比率（ESR）的方向邁進。
保誠的房地產投資組合儲備適度增加至4.14億美元。
該公司在人壽和年金市場表現出盈利表現。第一季度，人壽保險銷售額超過1.65億美元，比去年增長10％，這主要歸因於定期和可變產品。
該公司還擴大了產品範圍，包括更多的固定年金解決方案，並改進了傷殘保險的索賠流程。
除了新興市場目前的地域之外，沒有進一步擴張的計劃。
More details: Prudential Financial IR
更多詳情： 保誠金融投資者關係
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。