Prudential reports Q2 adjusted EPS $2.94, consensus $3.01

Charles Lowrey, Chairman and CEO, commented on results: “Our second quarter results reflect continued momentum across our businesses, including the fourth consecutive quarter of underlying earnings growth and record operating earnings for Group Insurance. We continue to execute on our strategy to reduce market sensitivity and invest in businesses that support our long-term growth. Since last quarter, we reached agreements to reinsure significant blocks of traditional variable annuities and guaranteed universal life policies and continued to expand in growth markets. Our strategic progress has increased capital flexibility, further strengthened our rock solid balance sheet, and supported over $700 million of capital being returned to shareholders during the second quarter.”