OREANDA-NEWS. Prudential Financial, Inc. (NYSE:PRU): Prudential Financial, Inc. (NYSE:PRU) today reported after-tax adjusted operating income for its Financial Services Businesses of USD 1.034 billion (USD 2.20 per Common share) for the third quarter of 2014, compared to USD 1.373 billion (USD 2.89 per Common share) for the year-ago quarter. Net income for the Financial Services Businesses attributable to Prudential Financial, Inc. was USD 465 million (99 cents per Common share) for the third quarter of 2014, compared to USD 966 million (USD 2.04 per Common share) for the year-ago quarter. Information regarding adjusted operating income, a non-GAAP measure, is provided below.

For the first nine months of 2014, after-tax adjusted operating income for the Financial Services Businesses amounted to USD 3.347 billion (USD 7.09 per Common share) compared to USD 3.538 billion (USD 7.47 per Common share) for the first nine months of 2013. Net income for the Financial Services Businesses attributable to Prudential Financial, Inc. for the first nine months of 2014 amounted to USD 2.739 billion (USD 5.80 per Common share) compared to a net loss of USD 286 million (61 cents per Common share) for the first nine months of 2013.

“We are pleased with the underlying performance of our businesses in the third quarter and continue to believe we are well positioned to capitalize on future opportunities in both our domestic and international operations. In the U.S., results are benefiting from good organic growth over the last several years, particularly in Retirement and Asset Management, solid performance in our insurance businesses, and the benefits of market performance over the past year in our fee-based businesses. We completed or announced several key pension risk transfer deals recently, including a landmark longevity reinsurance transaction. Our international businesses performed well in the quarter, showing increased sales levels overall and continued strong earnings and returns,” said Chairman and Chief Executive Officer John Strangfeld.

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 Measures,” and a reconciliation of adjusted operating income to the most comparable GAAP measure is provided in the tables that accompany this release.