Insurance company Prudential Financial has reported net income of $792 million, or $1.75 per common share for the fourth quarter of 2007, compared to $893 million, or $1.88 per common share for the fourth quarter of 2006.
For the full-year period ended December 31, 2007, net income was $3.512 billion, or $7.61 per common share, compared to $3.144 billion, or $6.50 per common share for the full-year period of 2006.
John Strangfeld, CEO and chairman–elect, said: Despite turbulent financial markets in the second half of 2007, our results for the year are solid. Underlying performance of our businesses remained strong, and each of our operating divisions registered a double-digit earnings increase.