{
  "report_rows": [
    {
      "kpi": "Adjusted operating EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.49 vs. cons $3.43",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "PGIM pretax adjusted operating income",
      "prediction": "BEAT",
      "answer": "pred ~$235m vs. cons $225m",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "International Businesses pretax adjusted operating income",
      "prediction": "MISS",
      "answer": "pred ~$700m vs. cons $715m",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Prudential of Japan FY26 pretax AOI headwind",
      "prediction": "UNCHANGED",
      "answer": "guide ~$550m vs. cons $550m (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Prudential of Japan sales-restart timing",
      "prediction": "UNCHANGED",
      "answer": "guide Nov. 5, 2026 vs. cons Nov. 5, 2026 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "PGIM adjusted-operating-margin expansion",
      "prediction": "BETTER",
      "answer": "guide ~225 bps vs. cons 220 bps (FY26)",
      "confidence": "LOW"
    },
    {
      "kpi": "Restructuring run-rate savings",
      "prediction": "UNCHANGED",
      "answer": "guide ~$150m vs. cons $150m (2027)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest EPS/PGIM beat, intact ~$550m Japan headwind and Nov. 5 restart path, plus slightly stronger FY26 PGIM-margin framing should support upward FY26-FY27 estimate revisions; the International miss is largely the already-telegraphed Japan drag rather than a new core-earnings impairment.",
  "day5_confidence": "MEDIUM"
}