For the quarter period ended on 30 September 2012, its operating earnings were $289m, or $1.32 per diluted share, compared to $289m, or $1.19 per diluted share, earlier year.
Operating net revenues for the quarter period were $2.5bn, which remained unchanged from a year ago and included lower revenues from the impact of unlocking.
Operating expenses were also unchanged at $2.1bn, as higher distribution-related expenses offset lower deferred acquisition costs (DAC) amortization.
The firm chairman and chief executive officer Jim Cracchiolo said, "We had another good quarter, led by solid results in our advisory and asset management businesses."
Advice & Wealth Management pretax operating earnings were $119m, with an increase of 2.5% from $116m during the corresponding period last fiscal.
Asset Management pretax operating earnings stood at $155m, up by 30%, from $119m during the comparable period, a year ago, driven by equity market appreciation.
The company provides asset management, advisory and insurance capabilities with the assistance of a nationwide network of 10,000 financial advisors.
