Prudential Financial, Inc. (PRU) Q3 2024 Earnings Call Transcript Summary
Prudential Financial, Inc. (PRU) Q3 2024 Earnings Call Transcript Summary
They maintain a AA rating and have over $4 billion in highly liquid assets, reflecting a strong financial position.The following is a summary of the Prudential Financial, Inc. (PRU) Q3 2024 Earnings Call Transcript:
以下是保德信金融（PRU）2024年第三季度業績會講話摘要：
Financial Performance:
金融業績：
Prudential Financial reported pre-tax adjusted operating income of $1.6 billion with earnings per share of $3.48 for Q3, demonstrating a year-to-date increase of 6% in earnings per share.
Year-to-date adjusted operating return-on-equity improved by 0.5 percentage points to 13.7%.
They maintain a AA rating and have over $4 billion in highly liquid assets, reflecting a strong financial position.
保德信金融報告第三季度稅前調整營業收入爲16億美元，每股收益爲3.48美元，顯示每股收益同比增長6%。
截至目前爲止，調整後的淨資產收益率提高了0.5個百分點，達到了13.7%。
他們保持AA評級，擁有超過40億美元的高流動性資產，反映出強勁的財務狀況。
Business Progress:
業務進展：
Prudential continues to lead in the pension risk transfer market, completing a notable $6 billion transaction with IBM.
Sales in retirement and insurance products in international markets like Japan and Brazil showed significant growth, with Japan seeing a 30% increase year-over-year in retirement and savings products.
The PGIM unit demonstrated robust performance with $1.4 trillion assets under management, benefiting from market appreciation and strong investment performance.
Prudential has diversified its individual life offerings, successfully growing sales through product innovation and enhancements.
保德信繼續在養老金風險轉移市場中引領，與IBM完成了一筆值得注意的60億美元交易。
在日本和巴西等國際市場，養老金和保險產品的銷售呈現顯著增長，其中日本的養老金和儲蓄產品同比增長了30%。
PGIm部門表現穩健，管理資產1.4萬億美元，在市場升值和強勁投資表現的推動下效益斐然。
保德信通過產品創新和提升成功地拓展了個人壽險業務，實現銷售增長。
Opportunities:
機會：
Prudential's strategic partnerships, such as the newly announced relationship with JPMorgan Asset Management, are expected to enhance their distribution network and product offerings across various business lines.
The increasing demand for annuity and retirement products among an aging global population presents significant growth opportunities for Prudential, particularly in markets like Japan and the U.S.
保德信的戰略伙伴關係，比如與摩根大通資產管理新宣佈的合作關係，有望加強其跨各業務線的分銷網絡和產品供應。
全球老齡化人口對年金和養老產品日益增長的需求，爲保德信在日本和美國等市場提供了顯著的增長機會。
Risks:
風險：
Elevated surrender levels in Japan due to yen weakness and U.S. dollar denominated product surrenders could pressure earnings in the near-term.
The expected continued excess mortality from effects related to the COVID-19 pandemic could impact underwriting results, particularly in life insurance and pension risks.
日本的日元疲弱和美元計價產品贖回增加導致放棄水平升高，可能在短期內對收益造成壓力。
預期由於與COVID-19大流行相關的影響持續導致超額死亡率，可能會對覈保結果產生影響，尤其是在壽險和養老風險方面。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
