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Prudential still sees ~$1B impact on pretax adjusted operating income from POJ suspension
Seeking Alpha ·
Seeking Alpha reports: Prudential Financial still expects its pretax adjusted operating income across 2026 and 2027 to be reduced by ~$1.0B due to the suspension of new sales activity at two of its Japanese businesses, the company said Friday in an update. Earlier, the company said Japan's Financial Services Authority extended suspensions of soliciting new business at its Prudential of Japan and the Life Consultant channel of its Gibraltar Life unit until Jan. 31, 2027, to remedy employee…