Business OperationsPrudential disclosed that it exited Assurance IQ in the quarter and put it in discontinued operations, putting an end to the disappointment the business has been since its acquisition.
EarningsReported individual life results were poor and worse than expected, as the segment was impacted by lower VII, weaker underwriting, and one-time expenses from Somerset deal.
Financial PerformanceThe segment was impacted by lower VII, weaker underwriting, and one-time expenses from Somerset deal, leading to worse than expected individual life results.