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Rating:Prudential Sees Increase in AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 2, 2012

Prudential Sees Increase in AUM

Reported by Ben Geier

Prudential Financial released their Q2 earnings Tuesday, showing an 11 percent increase in AUM compared to a year ago.

The Newark, New Jersey-based firm's asset management unit currently has $650.2 billion AUM.

One specific charge noted in the report is a $75 million charge to the asset management unit for "an impairment related to our investment in a real estate fund."

Prudential's financial services business as a whole saw its share income fall slightly, with the after-tax adjusted income at $1.34 per common share, compared with $1.57 in Q2 2011.

The second-quarter earnings were made public in a news release

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