Prudential Financial Inc, the second-largest U.S. life insurer, reported a better-than-expected quarterly profit, driven by strong demand for its retirement services.The adjusted operating income at the company's retirement services business jumped 60 percent to $364 million.Prudential's investment management business, which includes retirement services, posted a 23 percent increase in adjusted operating income to $945 million.Income at the international insurance unit fell 5 percent to $837 million.
Prudential Financial, Inc. (Prudential Financial) is a financial services company. Shares of PRU traded higher by 0.99% or $0.79/share to $80.90. In the past year, the shares have traded as low as $64.30 and as high as $92.68. On average, 2610860 shares of PRU exchange hands on a given day and today's volume is recorded at 2342174.
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