Life Planner business
Prudential Financial’s (PRU) Life Planner division experienced an increase in its earnings in 2Q17 compared to 2Q16. Life Planner operations reported earnings of $396 million in 2Q17 and $381 million in 2Q16. This rise was mostly due to investment results and continued business growth. However, this rise was negatively impacted by the increase in net expenses.
The 2Q17 earnings from Prudential’s Life Planner operations fell compared to 1Q17. In 1Q17, these operations reported earnings of $408 million.
Gibraltar Life operations
Prudential Financial’s Gibraltar Life operations saw declining earnings in 2Q17 compared to 2Q16. In 2Q17, earnings in these operations stood at $473 million compared to $494 million in 2Q16. This decline was mostly due to net investment results and higher net expenses.
Rise in sales revenues
Sales in Prudential Financial’s International Insurance division rose 14% on a constant dollar basis in 2Q17 year-over-year. Sales in this division stood at $835 million in 2Q17 compared to $734 million in 2Q16. This rise was mostly due to rising sales in Japan. Sales from Life Planner operations in Japan increased 35% on YoY.