Cost Savings and Strategic Growth
Earnings by Business
($ millions)
Full Year
2021
2017 (1)
Twelve
Months Ended
6/30/2022
Adjusted operating income (loss) before income taxes
PGIM
$
1,643
$ 979
$
1,071
U.S. Businesses:
Institutional Retirement Strategies
Individual Retirement Strategies
Group Insurance
Individual Life
Assurance IQ
Total U.S. Businesses
International Businesses:
Life Planner
Gibraltar Life & Other
2,178
1,063
2,080
1,901
2,198
2,762
(455)
253
(398)
393
(191)
(983)
(142)
(163)
3,875
3,323
3,298
1,774
1,224
1,724
1,616
1,705
1,348
Total International Businesses
3,390
2,929
3,072
Corporate & Other
(1,607)
(1,578)
(1,574)
Total adjusted operating income before income taxes
7,301
5,653
5,867
Income taxes, applicable to adjusted operating income
After-tax adjusted operating income
1,529
1,461
1,271
$
5,772
$
4,192
$
4,596
Note: Prior periods restated for reclassification of results of Full Service Retirement. Adjusted operating income reflects the reclassification of results of Full Service Retirement from the former Retirement business, which is now the Institutional Retirement Strategies business,
to Divested and Run-off Businesses in Corporate & Other. Full Service Retirement results are excluded from adjusted operating income as a result of the operation being held-for-sale prior to its disposition on April 1, 2022.
(1) Prior period amounts have been updated to conform to current period presentation.
Expanding access to investing, insurance, and retirement security
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