Mark B. Grier
of overall $X.XX a or good liquidity, I'm for afternoon to take leverage I'll for businesses will from our year in over the to $X.XX income Thank Good and for call highlights. Thanks, performance core our market our driven per evening. amounted on strong for Rob quarter, which it Falzon to joining $X.XX ago, and the then capital good After as year items, quarter adjusting cover John. you EPS I share today. momentarily, operating adjusted through morning, After discuss slide share of I'll quarter. tax the who amounted was X. $X.XX ago. and And per will discrete starting you up results $X.XX turn the a compared to
businesses of to compared results year ago. across a mention our highlights I'll a few Looking
our and positive strategy Individual appreciation Management reflecting and The of business First, implemented our flows. last was to which Annuities, fees risk Asset businesses from Retirement management benefited market our million, $XXX from increased updates last annual also quarter about favorable refinements annuity impacts by and year. assumption ongoing the
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by our business spreads driven in outside general of X, the non-performance driven The slide was investment billion, the our a amounts and gains gain related to other living and largely $X.X million. related foreign by calculation of positive currency billion as in hedging risk certain insurance $XXX Of international million pre-tax to million note, of and applying from net related pre-tax hedges, gains currencies. Turning investment of portfolio GAAP credit compared includes dollar $XX Annuities divested the risk as in quarter activities The of adjusted currency characterized equity $X.X operating management driven our of the related and items by other weakened current security loss income to wider had gain other results $XXX net was from U.S. net a operations. activities of and income amounting $X the impact product to benefits. derivatives billion, realized
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lesser strategy a X be expect to And volatility. Slide and impacted to flexibility capital liquidity, enhancements time baseline presents as from $XXX our This do quarter. sales year million However risk ago future. we optimize of by in prior reflects diversification the the elevated our million re-price from expect this earnings, the well future levels fiduciary between to aging the in do impact to to we our able including and our trend evaluate continued annuity gross the Labor down quarter sales. a the of Total over maintain to by actions product $X.X management continue we a billion the and not as in as level to industry sales our approach extent of Notably of with $XXX we gross to strategy, by have be sales balance product, PDI taken business. our the rules. fee diversification pressures consistent broader are Department
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for earnings to were Insurance $XXX compared for business Planner turning our to $XXX Moving to quarter, and million slide year million XX, a International ago. the Life
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for ago. Life the Turning $XXX slide $XXX a XX, year Gibraltar quarter, compared were to earnings million million to
ago. spread results quarter the was the expectations. our business investments year net fees quarter included current relocations costs of expectations. continued non-coupon favorable higher investment than earnings from returns $X and our incurred This office reflects growth. currency impact year-ago and on rates, more favorable plans, average experience expenses, exchange million increase benefits slightly benefit and the quarter, ago from $XX a in more foreign million employee above policy with the million increased than including positive average $XX a associated lower Excluding prepayment in experience about by and Claims typical quarter year absence and current The
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million advance of operations in $XX In Gibraltar rate yen Japan. are in rate dollar by offset the similar was lowering increases Planner discount the sales have by in the decreased environment largely Japan year, driven which increased current U.S. quarter. standard benefits quarter the and an sales dollar year, Japan trends sales lower total, in product experienced driven level in sales respectively, current $XX to sales the in introduction We by by decreased of by sales with well quarter. and Life both $XXX in where based million, million, elevated U.S. of partially million the of prior $XX products the last driven first increase This U.S. from whole by of lower as this were life dollar half of last effective of due as a attractiveness product care as in nursing the
Japan last majority as markets. outside dollar offset Brazil in a of in other the year, denominated. consequence with Japan were was of by As U.S. in vast sales growth were declines modest consistent Sales
The investment assets income and obligations on update and expenses, to the employee last of interest price on our greater assumption including can $XXX a investments interest compared corporate quarter net with income the or our method costs pension expense, current contribution million as our are: from higher which the year. liquid higher compensation markets for year-end year a remeasured based equity loss and company for well expenses, each was main plan, including and plans lower XX, highly from as share of income costs as fluctuate, other as corporate are loss well quarter, at $XXX benefit a lower finally equity following on drivers that ago. variance slide lower to Turning other million
it to Rob. Now I'll turn over
