Prudential Financial's third-quarter profit boosted by US unit growth

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Nov 1 (Reuters) - Prudential Financial (PRU.N) reported a rise in third-quarter adjusted profit on Wednesday, as the insurer's U.S. unit logged strong growth driven by higher net investment spread and lower expenses...

The insurer has been looking to shift its business model away from market sensitive segments towards more stable and recurring sources of income such as underwriting...

The company's U.S. businesses reported adjusted operating income of $1.09 billion for the third quarter, compared with $615 million a year earlier...

The company's after-tax adjusted operating income was roughly $1.3 billion, or $3.44 per common share, for the three months ended Sept 30, compared with $896 million, or $2.37 per share, a year earlier...

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