Prudential Financial has reported a net income of $686m for the fourth quarter of 2011 compared to $177m for the same period in 2010.
Net income of Financial Services Businesses surged to $606m, or $1.26 per share, for the fourth quarter of 2011, compared to $213m, or $0.45 per share for the same period a year ago.
Adjusted operating income for the Financial Services Businesses rose to $1.97 per common share, compared to $1.76 per common share in the year-ago quarter.
Revenues rose to $11.7bn, compared to $8.05bn for the same period in 2010.
The company’s international insurance segment has reported an adjusted operating income of $692m, compared to $588m for the same period a year ago.
Prudential chairman and CEO John Strangfeld said that during the year, addition of the Star and Edison businesses in Japan and divestiture of several non-core operations have made us a stronger, more focused company.
"The merger of Star and Edison into Gibraltar Life was successfully completed on January 1, 2012, and the integration of these companies continues on track," added Strangfeld.