Prudential financial benefit increases US business force

(Reuters) -Prudential Financial reported on Wednesday an increase in the benefit of the first quarter, reinforced by a strong subscription to the North -American Unit of the insurer who compensates to decrease in his investment management business.

The uncertainty of the market led to the fare policy of the President of the United States, Donald Trump, moved with environmental problems forced people and companies to spend more on insurance policies in the reported quarter.

Nova Jersey Newark companies registered tight operational income of $ 931 million a quarter ended on March 31, up to $ 805 million on the previous year’s quarter.

PGIM, the Global Prudential Investment Management Business Business, reported a tight operational income of $ 156 million a quarter, below $ 169 million a year ago.

The assets under management reached 1.52 trillion in the first quarter against $ 1.5 trillion a year ago.

Operating income adjusted after the company’s tax reached $ 1.19 billion, or $ 3.29 per common action, in January to March, compared to $ 1.12 billion, or $ 3.05 per action, a year earlier.

(Report of Pritam Biswas in Bengaluru; Shailesh Kuber edition)