Prudential Financial (PRU) reported Q4 adjusted operating income late Tuesday of $2.96 per share, up from $2.54 a year earlier.

Analysts polled by FactSet expected $3.24.

Assets under management as of Dec. 31 reached $1.512 trillion, compared with $1.450 trillion a year earlier.

The company's shares were down 3% in after-hours activity.