Prudential said its second-quarter net income was down nearly 5 percent from a year earlier, hurt by investment losses.
Prudential's financial services businesses reported a net profit of $538 million, or $1.25 a share, compared with $566 million, or $1.32 a share, in the year-earlier quarter.
It was the first net profit reported by the company since the second quarter of last year.
Excluding certain items, Prudential reported a profit of $817 million, or $1.88 a share, compared with $845 million, or $1.96 a share, in the year-ago quarter.
The company said it expected earnings excluding items for the full year of between $5 and $5.20 a share -- lower than an earlier forecast for earnings in a range of $5.25 and $5.65.
Prudential shares rose $1.12, or 2.4 percent, to $48 after closing 1.4 percent higher in the regular session at $46.88 on the New York Stock Exchange.
(Reporting by Lilla Zuill; Editing by Gary Hill)