Prudential Financial has reported net income of its financial services businesses attributable to Prudential Financial of $831m, or $1.68 per common share, for the first quarter of 2011, compared to $798m, or $1.70 per common share for the year-ago quarter.
Total revenues for the second quarter of 2011 were $10.15bn, compared with $7.67bn for the same period of 2010.
After-tax adjusted operating income for the financial services businesses was $843m, compared to $409m in year-ago quarter.
The US Retirement Solutions and Investment Management division reported adjusted operating income of $621m, compared to $130m in 2010.
Individual annuity account values, record-high $116bn, up 33% from a year earlier; gross sales for the quarter of $4.6bn; net sales $2.6bn a year ago.
The International Insurance segment reported adjusted operating income of $590m for the second quarter of 2011, compared to $466m in the year-ago quarter.
Prudential Financial chairman and CEO John Strangfeld said he is pleased with the strong results for the second quarter, driven by solid performance across the businesses and substantial earnings growth in each of operating divisions.