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Pru Benefits From Acquisitions

By Staff Writer

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NU Online News Service, Aug. 4, 2004, 4:59 p.m. EDT

Acquisitions fueled an increase in second-quarter profits at Prudential Financial Inc., Newark, N.J.[@@]

The insurer is reporting $549 million in net income for the second quarter on $6.9 billion in revenue, up from $196 million in net income on $7.3 billion in revenue for the second quarter of 2003.

Results reflect the integration of the American Skandia annuity operations and the CIGNA retirement operations, Prudential says.