Prudential Financial: Solid Q1 Despite Japan Challenges

Prudential Financial remains a "Buy" despite Japan headwinds, offering a secure 5.7% dividend yield and robust capital return profile. Japan's sales suspension will weigh on earnings through mid-2027, but strong U.S. and Brazil operations are offsetting near-term pressures. PGIM delivered margin expansion and AUM growth, while de-risking in life insurance and stable investment portfolio quality underpins earnings resilience.