It was a tough fiscal fourth quarter for Prudential Financial, the
financial services giant said Wednesday, as it suffered a net loss of
$1.46 billion.
That figure compared with a net loss of $460 million in the fourth quarter of fiscal 2013, and left the Newark-based company with net income of $1.38 billion for the year, compared with a net loss of $667 million in 2013.
“We view 2014 as a successful year for Prudential,” Chairman and CEO John Strangfeld said in a prepared statement. “… While operating results for our businesses have benefited from financial market and underwriting experience tailwinds, our solid base of quality business and the alignment of our value propositions and skills with attractive market opportunities support our confidence in our long-term prospects.”
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That figure compared with a net loss of $460 million in the fourth quarter of fiscal 2013, and left the Newark-based company with net income of $1.38 billion for the year, compared with a net loss of $667 million in 2013.
“We view 2014 as a successful year for Prudential,” Chairman and CEO John Strangfeld said in a prepared statement. “… While operating results for our businesses have benefited from financial market and underwriting experience tailwinds, our solid base of quality business and the alignment of our value propositions and skills with attractive market opportunities support our confidence in our long-term prospects.”
Read more at Click here / www.trade4x.net
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