NEWARK, N.J: Prudential Financial, Inc. announced after-tax adjusted operating income for its Financial Services Businesses of $4.355 billion ($9.21 per Common share) for the year ended December 31, 2014.
This is compared to $4.586 billion ($9.67 per Common share) for 2013. Net income for the Financial Services Businesses attributable to Prudential Financial, Inc. was $1.533 billion ($3.23 per Common share) for 2014, compared to a net loss of $713 million ($1.55 per Common share) for 2013. Information regarding adjusted operating income, a non-GAAP measure, is provided below.
After-tax adjusted operating income for the Financial Services Businesses for the fourth quarter of 2014 amounted to $1.008 billion ($2.12 per Common share) compared to $1.048 billion ($2.20 per Common share) for the fourth quarter of 2013. Adjusted operating income is not calculated under generally accepted accounting principles (GAAP). Information regarding adjusted operating income, a non-GAAP measure, is discussed later in this press release under “Forward-Looking Statements and Non-GAAP Measure,” and a reconciliation of adjusted operating income to the most comparable GAAP measure is provided in the tables that accompany this release.
