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May 4 , 2021 Earnings Release Prudential Prudential Financial , Inc. Announces First Quarter 2021 Results • Net income attributable to Prudential Financial , Inc. of $ 2.828 billion or $ 6.98 per Common share versus net loss of $ 271 million or $ 0.70 per share for the year - ago quarter . Record high after - tax adjusted operating income of $ 1.665 billion or $ 4.11 per Common share versus $ 897 million or $ 2.22 per share for the year - ago quarter . Book value per Common share of $ 145.05 versus $ 152.45 per share for the year - ago ; adjusted book value per Common share of $ 100.49 versus $ 99.71 per share for the year - ago . Capital returned to shareholders of $ 842 million in the quarter , including dividends of $ 1.15 per Common share , representing a 5 % yield on adjusted book value , versus $ 945 million in the year - ago quarter . Parent company highly liquid assets of $ 5.4 billion ( 1 ) versus $ 5.3 billion for the year - ago . Assets under management amounted to $ 1.663 trillion versus $ 1.481 trillion for the year - ago . The Company's Board of Directors has authorized the repurchase of an additional $ 0.5 billion of its outstanding Common Stock , increasing the authorization to up to $ 2.0 billion from January 1 , 2021 through December 31 , 2021 . Charles Lowrey , Chairman and CEO , commented on results : “ Prudential had a strong start to the year , including record adjusted operating income and favorable sales and net flow trends across many of our businesses . We continue to make progress in transforming our business . We remain on track to realize $ 750 million in cost savings by the end of 2023 and are in process of reallocating $ 5 to $ 10 billion in capital . With the strength of our balance sheet and improved economic conditions , we are also increasing our share repurchase program by $ 500 million in 2021 , and now plan to return a total of $ 10.5 billion to shareholders over the next three years . Looking ahead , we remain fully committed to driving long - term sustainability and contributing to an inclusive economic recovery on behalf of our customers , employees , shareholders , and communities . " NEWARK , N.J. – Prudential Financial , Inc. ( NYSE : PRU ) today reported first quarter results . Net income attributable to Prudential Financial , Inc. was $ 2.828 billion ( $ 6.98 per Common share ) for the first quarter of 2021 , compared to net loss of $ 271 million ( $ 0.70 per Common share ) for the first quarter of 2020. After - tax adjusted operating income was $ 1.665 billion ( $ 4.11 per Common share ) for the first quarter of 2021 , compared to $ 897 million ( $ 2.22 per Common share ) for the first quarter of 2020 . Consolidated adjusted operating income and adjusted book value are non - GAAP measures . These measures are discussed later in this press release under " Forward - Looking Statements and Non - GAAP Measures " and reconciliations to the most comparable GAAP measures are provided in the tables that accompany this release . - more -