prudential financial swung to a profit in its second quarter while assets under management edged slightly higher the newark njbased life insurance company on tuesday reported a profit of 511 million or 138 a share for the quarter ended june 30 from a loss of 101 billion or 271 a share in the same quarter a year earlier adjusted earnings came in at 294 a share analysts polled by factset expected 302 a share assets under management at prudentials global investmentmanagement unit known as pgim rose 1 to 1266 trillion primarily resulting from equity market appreciation offset by higher interest rates and net outflows total assets under management rose slightly to 1415 trillion from 141 trillion a year ago