Prudential Biggest Loss

Prudential Financial Inc profits only U.S. $ 469 million during the year 2012, fell from a year earlier U.S. $ 3.57 billion. The low value of the yen against the U.S. dollar (U.S.) to be the cause of the loss. Naturally, because the second-largest life insurance companies in the U.S. rely on Japan as a printer profits.

The impact of fluctuations in the yen was greatest during the fourth quarter (October to December). The fall of the exchange rate of the yen caused the company to lose U.S. $ 232 million. This helped push shares of Prudential in New York trading, down 2% to U.S. $ 67.35 trading on February 6, 2013.

"Actually, our insurance businesses continue to grow well," said John Strangfeld, CEO of Prudential.

See, the operating income in the international insurance division up from U.S. $ 502 million to U.S. $ 647 million. Level profits also rose from 17.5% to 19%.