Thursday, August 06, 2009

 

Prudential Profit Beats Estimates as Assets Advance

Prudential Financial Inc., the second-biggest U.S. life insurer, beat analysts’ estimates for quarterly profit as annuity sales gained and the company reduced reserves against market declines... Second-quarter operating earnings were $1.88 a share, exceeding by 66 cents the average estimate of 15 analysts surveyed by Bloomberg... Individual annuity gross sales jumped about 21 percent to $3.4 billion...

Bloomberg: Prudential Profit Beats Estimates as Assets Advance

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