Strong U.S. Retirement Growth Lifts Prudential's Q1 Results

Prudential Financial reported strong earnings for the first quarter of 2015, posting net income of $2.1 billion compared to $1.3 billion a year ago. After-tax adjusted operating income, a non-GAAP metric used to measure operational performance, increased 14% year-over-year (y-o-y) to about $1.3 billion. The U.S. retirement solutions business recorded healthy growth during the quarter, but international operations were a disappointment as FX headwinds adversely impacted earnings.