Feb 8 Prudential Financial Inc, the
second-largest U.S. life insurer, reported a 61 percent fall in
quarterly profit, hurt by investment losses and charges.
Net profit attributable to the company fell to $284 million,
or 65 cents per share, in the fourth quarter ended Dec. 31, from
$735 million, or $1.60 per share, a year earlier.
The Newark, New Jersey-based company said its latest
quarter's net income included $824 million of pre-tax net
realized investment losses and related charges.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Maju