Prudential Earnings Exceed Estimates -- Annuity Business is Strong

Prudential Financial announced quarterly earnings that exceeded analyst estimates.

Second quarter net income for the company was $163 million.

Prudential's individual annuity business posted strong results. 

Individual annuity gross sales increased 21 percent to $3.4 billion for the quarter.  Adjusted operating earnings in the individual annuity business were $432 million.

Source: Bloomberg

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