Prudential Financial, Inc(NYSE:PRU)
Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Ass...
Website: http://www.prudential.com
Founded: 1875
Full Time Employees: 51,511
Sector: Financial Services
Industry: Insurance-Life
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
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revenues | ||||||||||||||||||||||||||||||||||||||||||||||
premiums | 8,362,000,000 | 7,602,000,000 | 9,213,000,000 | 6,982,000,000 | 7,000,000,000 | 6,495,000,000 | 13,045,000,000 | 7,820,000,000 | 15,537,000,000 | 6,919,000,000 | 4,173,000,000 | 6,909,000,000 | 9,363,000,000 | 6,708,000,000 | 16,247,000,000 | 7,112,000,000 | 7,952,000,000 | 7,312,000,000 | 13,193,000,000 | 6,779,000,000 | 7,543,000,000 | 8,301,000,000 | 7,482,000,000 | 7,693,000,000 | 7,664,000,000 | 11,230,000,000 | 6,937,000,000 | 8,135,000,000 | 7,900,000,000 | 12,220,000,000 | 8,810,000,000 | 7,438,000,000 | 7,311,000,000 | 7,795,000,000 | 8,326,000,000 | 6,481,000,000 | 9,635,000,000 | 6,935,000,000 | 6,297,000,000 | 5,985,000,000 | 7,582,000,000 | 6,647,000,000 | 6,644,000,000 | 6,068,000,000 | 5,868,000,000 | |
policy charges and fee income | 1,132,000,000 | 1,127,000,000 | 1,133,000,000 | 1,249,000,000 | 1,157,000,000 | 1,046,000,000 | 1,111,000,000 | 1,085,000,000 | 1,056,000,000 | 1,208,000,000 | 1,112,000,000 | 1,073,000,000 | 1,134,000,000 | 1,331,000,000 | 1,233,000,000 | 1,551,000,000 | 1,459,000,000 | 1,484,000,000 | 1,570,000,000 | 1,400,000,000 | 1,490,000,000 | 1,553,000,000 | 1,464,000,000 | 1,523,000,000 | 1,489,000,000 | 1,515,000,000 | 1,519,000,000 | 1,473,000,000 | 1,471,000,000 | 1,520,000,000 | 1,498,000,000 | 1,480,000,000 | 1,504,000,000 | 1,502,000,000 | 725,000,000 | 1,533,000,000 | 1,540,000,000 | 1,276,000,000 | 1,599,000,000 | 1,624,000,000 | 1,250,000,000 | 1,608,000,000 | 1,496,000,000 | 1,520,000,000 | 1,501,000,000 | |
net investment income | 5,665,000,000 | 5,589,000,000 | 5,528,000,000 | 5,226,000,000 | 5,130,000,000 | 5,241,000,000 | 5,055,000,000 | 4,849,000,000 | 4,764,000,000 | 4,498,000,000 | 4,571,000,000 | 4,476,000,000 | 4,320,000,000 | 4,110,000,000 | 3,631,000,000 | 3,938,000,000 | 4,358,000,000 | 4,636,000,000 | 4,717,000,000 | 4,552,000,000 | 4,382,000,000 | 4,576,000,000 | 4,446,000,000 | 4,186,000,000 | 4,202,000,000 | 4,541,000,000 | 4,438,000,000 | 4,390,000,000 | 4,216,000,000 | 4,036,000,000 | 4,046,000,000 | 4,096,000,000 | 3,998,000,000 | 4,076,000,000 | 4,089,000,000 | 4,061,000,000 | 4,073,000,000 | 3,789,000,000 | 3,670,000,000 | 3,741,000,000 | 3,671,000,000 | 3,769,000,000 | 3,841,000,000 | 3,754,000,000 | 3,838,000,000 | |
asset management and service fees | 996,000,000 | 1,057,000,000 | 996,000,000 | 982,000,000 | 984,000,000 | 1,106,000,000 | 984,000,000 | 1,001,000,000 | 999,000,000 | 930,000,000 | 952,000,000 | 918,000,000 | 917,000,000 | 976,000,000 | 966,000,000 | 987,000,000 | 1,133,000,000 | 1,298,000,000 | 1,229,000,000 | 1,198,000,000 | 1,176,000,000 | 1,247,000,000 | 1,120,000,000 | 991,000,000 | 1,033,000,000 | 1,102,000,000 | 1,038,000,000 | 1,083,000,000 | 1,016,000,000 | 1,027,000,000 | 1,037,000,000 | 1,010,000,000 | 1,026,000,000 | 1,005,000,000 | 973,000,000 | 951,000,000 | 955,000,000 | 920,000,000 | 905,000,000 | 946,000,000 | 956,000,000 | 952,000,000 | 949,000,000 | 928,000,000 | 904,000,000 | |
other income | 30,000,000 | 1,014,000,000 | 1,720,000,000 | 1,412,000,000 | 280,000,000 | -177,000,000 | 1,285,000,000 | 591,000,000 | 1,338,000,000 | 1,805,000,000 | 197,000,000 | 1,044,000,000 | 1,019,000,000 | 1,601,000,000 | -1,083,000,000 | 580,000,000 | -1,371,000,000 | 816,000,000 | 500,000,000 | 1,353,000,000 | 282,000,000 | 2,075,000,000 | 992,000,000 | 1,474,000,000 | -2,591,000,000 | 1,045,000,000 | 320,000,000 | 643,000,000 | 1,254,000,000 | -1,087,000,000 | 606,000,000 | -54,000,000 | -507,000,000 | 327,000,000 | 420,000,000 | 217,000,000 | -55,000,000 | 86,000,000 | -23,000,000 | -397,000,000 | 124,000,000 | 215,000,000 | -625,000,000 | 267,000,000 | 535,000,000 | |
realized investment gains | -364,000,000 | -677,000,000 | -1,026,000,000 | -1,699,000,000 | -730,000,000 | -1,111,000,000 | -1,844,000,000 | -166,000,000 | -308,000,000 | -492,000,000 | -2,402,000,000 | -938,000,000 | 217,000,000 | -1,392,000,000 | -514,000,000 | -1,147,000,000 | -316,000,000 | 878,000,000 | 432,000,000 | 635,000,000 | 2,079,000,000 | -1,723,000,000 | -79,000,000 | -3,752,000,000 | 1,667,000,000 | |||||||||||||||||||||
change in value of market risk benefits, net of related hedging gains | -295,000,000 | -22,000,000 | 324,000,000 | -426,000,000 | -351,000,000 | -77,000,000 | -146,000,000 | -297,000,000 | 123,000,000 | 216,000,000 | -251,000,000 | 16,000,000 | 75,000,000 | |||||||||||||||||||||||||||||||||
total revenues | 15,526,000,000 | 15,690,000,000 | 17,888,000,000 | 13,726,000,000 | 13,470,000,000 | 12,523,000,000 | 19,490,000,000 | 14,883,000,000 | 23,509,000,000 | 15,084,000,000 | 8,352,000,000 | 13,498,000,000 | 17,045,000,000 | 13,334,000,000 | 20,480,000,000 | 13,021,000,000 | 13,215,000,000 | 16,424,000,000 | 21,641,000,000 | 15,917,000,000 | 16,952,000,000 | 16,029,000,000 | 15,425,000,000 | 12,115,000,000 | 13,464,000,000 | 19,223,000,000 | 15,105,000,000 | 15,388,000,000 | 15,091,000,000 | 18,432,000,000 | 16,148,000,000 | 14,655,000,000 | 13,757,000,000 | 16,313,000,000 | 13,441,000,000 | 13,670,000,000 | 16,961,000,000 | 14,439,000,000 | 14,329,000,000 | 13,599,000,000 | 13,712,000,000 | 15,552,000,000 | 12,380,000,000 | 13,146,000,000 | 12,854,000,000 | |
yoy | 15.26% | 25.29% | -8.22% | -7.77% | -42.70% | -16.98% | 133.36% | 10.26% | 37.92% | 13.12% | -59.22% | 3.66% | 28.98% | -18.81% | -5.36% | -18.19% | -22.04% | 2.46% | 40.30% | 31.38% | 25.91% | -16.62% | 2.12% | -21.27% | -10.78% | 4.29% | -6.46% | 5.00% | 9.70% | 12.99% | 20.14% | 7.21% | -18.89% | 12.98% | -6.20% | 0.52% | 23.69% | -7.16% | 15.74% | 3.45% | 6.67% | |||||
qoq | -1.05% | -12.29% | 30.32% | 1.90% | 7.56% | -35.75% | 30.95% | -36.69% | 55.85% | 80.60% | -38.12% | -20.81% | 27.83% | -34.89% | 57.28% | -1.47% | -19.54% | -24.11% | 35.96% | -6.11% | 5.76% | 3.92% | 27.32% | -10.02% | -29.96% | 27.26% | -1.84% | 1.97% | -18.13% | 14.14% | 10.19% | 6.53% | -15.67% | 21.37% | -1.68% | -19.40% | 17.47% | 0.77% | 5.37% | -0.82% | -11.83% | 25.62% | -5.83% | 2.27% | ||
benefits and expenses | ||||||||||||||||||||||||||||||||||||||||||||||
policyholders’ benefits | 9,533,000,000 | 8,771,000,000 | 10,132,000,000 | 8,181,000,000 | 8,140,000,000 | 7,634,000,000 | 14,027,000,000 | 8,864,000,000 | 16,594,000,000 | 7,803,000,000 | 5,163,000,000 | 7,661,000,000 | 10,304,000,000 | 8,426,000,000 | 16,581,000,000 | 9,612,000,000 | 8,868,000,000 | 8,332,000,000 | 14,401,000,000 | 7,615,000,000 | 8,110,000,000 | 9,291,000,000 | 8,312,000,000 | 8,450,000,000 | 9,006,000,000 | 11,783,000,000 | 7,722,000,000 | 8,877,000,000 | 8,438,000,000 | 12,906,000,000 | 9,311,000,000 | 9,512,000,000 | 7,675,000,000 | 8,193,000,000 | 8,328,000,000 | 7,025,000,000 | 10,155,000,000 | 7,989,000,000 | 7,031,000,000 | 6,648,000,000 | 7,852,000,000 | 7,239,000,000 | 7,334,000,000 | 6,466,000,000 | 6,386,000,000 | |
change in estimates of liability for future policy benefits | 39,000,000 | 32,000,000 | 296,000,000 | -175,000,000 | -50,000,000 | -24,000,000 | 180,000,000 | -176,000,000 | -17,000,000 | 106,000,000 | -49,000,000 | 255,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||
interest credited to policyholders’ account balances | 1,109,000,000 | 1,523,000,000 | 1,582,000,000 | 1,138,000,000 | 825,000,000 | 1,334,000,000 | 863,000,000 | 1,102,000,000 | 1,283,000,000 | 981,000,000 | 872,000,000 | 1,149,000,000 | 981,000,000 | 779,000,000 | 703,000,000 | 665,000,000 | 169,000,000 | 723,000,000 | 917,000,000 | 1,074,000,000 | 768,000,000 | 1,163,000,000 | 1,151,000,000 | 1,832,000,000 | 392,000,000 | 1,151,000,000 | 1,106,000,000 | 1,278,000,000 | 1,345,000,000 | 722,000,000 | 1,030,000,000 | 894,000,000 | 550,000,000 | 1,035,000,000 | 947,000,000 | 940,000,000 | 824,000,000 | 1,058,000,000 | 1,286,000,000 | 840,000,000 | 676,000,000 | 1,233,000,000 | 882,000,000 | 1,178,000,000 | 1,015,000,000 | |
dividends to policyholders | 232,000,000 | 256,000,000 | 416,000,000 | 259,000,000 | 145,000,000 | 43,000,000 | 189,000,000 | 176,000,000 | 290,000,000 | 450,000,000 | -3,000,000 | 303,000,000 | 319,000,000 | 80,000,000 | 90,000,000 | -207,000,000 | 235,000,000 | 835,000,000 | 602,000,000 | 833,000,000 | 604,000,000 | 617,000,000 | 554,000,000 | 531,000,000 | -77,000,000 | 593,000,000 | 667,000,000 | 437,000,000 | 577,000,000 | 22,000,000 | 446,000,000 | 540,000,000 | 328,000,000 | 500,000,000 | 491,000,000 | 615,000,000 | 569,000,000 | 598,000,000 | 266,000,000 | 367,000,000 | 437,000,000 | 781,000,000 | 745,000,000 | 711,000,000 | 600,000,000 | |
amortization of deferred policy acquisition costs | 411,000,000 | 418,000,000 | 403,000,000 | 407,000,000 | 407,000,000 | 375,000,000 | 367,000,000 | 375,000,000 | 375,000,000 | 367,000,000 | 361,000,000 | 366,000,000 | 365,000,000 | 516,000,000 | 485,000,000 | 581,000,000 | 847,000,000 | 435,000,000 | 529,000,000 | 392,000,000 | 741,000,000 | 339,000,000 | 638,000,000 | 287,000,000 | 957,000,000 | 524,000,000 | 591,000,000 | 782,000,000 | 435,000,000 | 509,000,000 | 563,000,000 | 613,000,000 | 588,000,000 | 643,000,000 | 84,000,000 | 439,000,000 | 115,000,000 | 427,000,000 | 1,202,000,000 | 922,000,000 | 135,000,000 | 789,000,000 | 346,000,000 | 482,000,000 | 437,000,000 | |
general and administrative expenses | 3,469,000,000 | 3,476,000,000 | 3,277,000,000 | 3,176,000,000 | 3,083,000,000 | 3,310,000,000 | 3,311,000,000 | 3,127,000,000 | 3,594,000,000 | 3,538,000,000 | 3,066,000,000 | 3,143,000,000 | 3,204,000,000 | 3,343,000,000 | 3,058,000,000 | 2,881,000,000 | 3,211,000,000 | 3,651,000,000 | 3,386,000,000 | 3,230,000,000 | 3,315,000,000 | 3,719,000,000 | 3,323,000,000 | 3,347,000,000 | 3,524,000,000 | 3,828,000,000 | 3,294,000,000 | 3,138,000,000 | 3,156,000,000 | 3,220,000,000 | 2,960,000,000 | 2,846,000,000 | 2,923,000,000 | 2,921,000,000 | 2,983,000,000 | 2,909,000,000 | 2,983,000,000 | 3,026,000,000 | 2,812,000,000 | 2,773,000,000 | 2,483,000,000 | 2,762,000,000 | 2,789,000,000 | 2,802,000,000 | 2,698,000,000 | |
total benefits and expenses | 14,793,000,000 | 14,476,000,000 | 16,106,000,000 | 12,986,000,000 | 12,550,000,000 | 12,672,000,000 | 18,937,000,000 | 13,468,000,000 | 22,119,000,000 | 13,422,000,000 | 9,410,000,000 | 12,877,000,000 | 15,198,000,000 | 14,047,000,000 | 20,917,000,000 | 13,532,000,000 | 13,330,000,000 | 15,036,000,000 | 19,835,000,000 | 13,144,000,000 | 13,538,000,000 | 15,129,000,000 | 13,978,000,000 | 14,447,000,000 | 13,802,000,000 | 17,879,000,000 | 13,380,000,000 | 14,512,000,000 | 13,951,000,000 | 17,379,000,000 | 14,310,000,000 | 14,405,000,000 | 12,064,000,000 | 13,292,000,000 | 12,833,000,000 | 11,928,000,000 | 14,646,000,000 | 13,098,000,000 | 12,597,000,000 | 11,550,000,000 | 11,583,000,000 | 12,804,000,000 | 12,096,000,000 | 11,639,000,000 | 11,136,000,000 | |
income before income taxes and equity in earnings of joint ventures and other operating entities | 733,000,000 | 1,214,000,000 | 1,782,000,000 | 740,000,000 | 920,000,000 | -149,000,000 | 553,000,000 | 1,415,000,000 | 1,390,000,000 | |||||||||||||||||||||||||||||||||||||
total income tax expense | 129,000,000 | 269,000,000 | 382,000,000 | 195,000,000 | 207,000,000 | -186,000,000 | 140,000,000 | 264,000,000 | 289,000,000 | 123,000,000 | 382,000,000 | 11,000,000 | 170,000,000 | 259,000,000 | ||||||||||||||||||||||||||||||||
income before equity in earnings of joint ventures and other operating entities | 604,000,000 | 945,000,000 | 1,400,000,000 | 545,000,000 | 713,000,000 | 37,000,000 | 413,000,000 | 1,151,000,000 | 1,101,000,000 | |||||||||||||||||||||||||||||||||||||
equity in earnings of joint ventures and other operating entities, net of taxes | 2,000,000 | -4,000,000 | 83,000,000 | 21,000,000 | 29,000,000 | 36,000,000 | 38,000,000 | 20,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||
net income | 606,000,000 | 941,000,000 | 1,483,000,000 | 566,000,000 | 742,000,000 | 73,000,000 | 451,000,000 | 1,171,000,000 | 1,151,000,000 | 1,326,000,000 | -791,000,000 | 496,000,000 | 1,477,000,000 | -556,000,000 | -290,000,000 | -572,000,000 | -44,000,000 | 1,242,000,000 | 1,565,000,000 | 2,183,000,000 | 2,804,000,000 | 1,022,000,000 | 1,507,000,000 | -2,405,000,000 | -270,000,000 | 1,138,000,000 | 1,425,000,000 | 738,000,000 | 937,000,000 | 849,000,000 | 1,675,000,000 | 200,000,000 | 1,364,000,000 | 2,241,000,000 | 496,000,000 | 1,372,000,000 | 1,832,000,000 | 925,000,000 | 1,369,000,000 | 1,467,000,000 | 1,459,000,000 | 2,046,000,000 | 523,000,000 | 1,113,000,000 | 1,249,000,000 | |
yoy | -18.33% | 1189.04% | 228.82% | -51.67% | -35.53% | -94.49% | -157.02% | 136.09% | -22.07% | -338.49% | 172.76% | -186.71% | -3456.82% | -144.77% | -118.53% | -126.20% | -101.57% | 21.53% | 3.85% | -190.77% | -1138.52% | -10.19% | 5.75% | -425.88% | -128.82% | 34.04% | -14.93% | 269.00% | -31.30% | -62.12% | 237.70% | -85.42% | -25.55% | 142.27% | -63.77% | -6.48% | 25.57% | -54.79% | 161.76% | 31.81% | 16.81% | |||||
qoq | -35.60% | -36.55% | 162.01% | -23.72% | 916.44% | -83.81% | -61.49% | 1.74% | -13.20% | -267.64% | -259.48% | -66.42% | -365.65% | 91.72% | -49.30% | 1200.00% | -103.54% | -20.64% | -28.31% | -22.15% | 174.36% | -32.18% | -162.66% | 790.74% | -123.73% | -20.14% | 93.09% | -21.24% | 10.37% | -49.31% | 737.50% | -85.34% | -39.13% | 351.81% | -63.85% | -25.11% | 98.05% | -32.43% | -6.68% | 0.55% | -28.69% | 291.20% | -53.01% | -10.89% | ||
net income margin % | 3.90% | 6.00% | 8.29% | 4.12% | 5.51% | 0.58% | 2.31% | 7.87% | 4.90% | 8.79% | -9.47% | 3.67% | 8.67% | -4.17% | -1.42% | -4.39% | -0.33% | 7.56% | 7.23% | 13.71% | 16.54% | 6.38% | 9.77% | -19.85% | -2.01% | 5.92% | 9.43% | 4.80% | 6.21% | 4.61% | 10.37% | 1.36% | 9.91% | 13.74% | 3.69% | 10.04% | 10.80% | 6.41% | 9.55% | 10.79% | 10.64% | 13.16% | 4.22% | 8.47% | 9.72% | |
less: income attributable to noncontrolling interests and redeemable noncontrolling interests | 9,000,000 | 36,000,000 | 52,000,000 | 33,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to prudential financial, inc. | 597,000,000 | 905,000,000 | 1,431,000,000 | 533,000,000 | 707,000,000 | -57,000,000 | 448,000,000 | 1,198,000,000 | 1,138,000,000 | 1,317,000,000 | -802,000,000 | 511,000,000 | 1,462,000,000 | -558,000,000 | -284,000,000 | -565,000,000 | -31,000,000 | 1,208,000,000 | 1,530,000,000 | 2,158,000,000 | 2,828,000,000 | 819,000,000 | 1,487,000,000 | -2,409,000,000 | -271,000,000 | 1,128,000,000 | 1,418,000,000 | 708,000,000 | 932,000,000 | 842,000,000 | 1,672,000,000 | 197,000,000 | 1,363,000,000 | 2,238,000,000 | 491,000,000 | 1,369,000,000 | 1,827,000,000 | 921,000,000 | 1,336,000,000 | 1,465,000,000 | 1,406,000,000 | 2,036,000,000 | 512,000,000 | 2.26 | 2.63 | |
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share-common stock: | ||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share-common stock: | ||||||||||||||||||||||||||||||||||||||||||||||
less: income attributable to noncontrolling interests | -2,750,000 | 3,000,000 | -27,000,000 | 13,000,000 | 9,000,000 | 11,000,000 | -15,000,000 | 15,000,000 | 2,000,000 | -6,000,000 | -7,000,000 | -13,000,000 | 34,000,000 | 35,000,000 | 25,000,000 | -24,000,000 | 203,000,000 | 20,000,000 | 4,000,000 | 1,000,000 | 10,000,000 | 7,000,000 | 30,000,000 | 5,000,000 | 7,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 33,000,000 | 2,000,000 | 53,000,000 | 10,000,000 | 11,000,000 | 23,000,000 | 11,000,000 | ||||||
income before income taxes and equity in earnings of operating joint ventures | 1,662,000,000 | -1,058,000,000 | 621,000,000 | 1,847,000,000 | -713,000,000 | -437,000,000 | -511,000,000 | -115,000,000 | 1,388,000,000 | 1,806,000,000 | 2,773,000,000 | 3,414,000,000 | 900,000,000 | 1,447,000,000 | -2,332,000,000 | -338,000,000 | 1,344,000,000 | 1,725,000,000 | 876,000,000 | 1,140,000,000 | 1,053,000,000 | 1,838,000,000 | 250,000,000 | 1,693,000,000 | 3,021,000,000 | 608,000,000 | 1,742,000,000 | |||||||||||||||||||
total income tax benefit | 63,500,000 | -251,000,000 | -51,500,000 | -148,000,000 | -69,000,000 | 609,000,000 | 636,000,000 | -88,000,000 | -50,000,000 | 115,000,000 | -58,000,000 | 181,500,000 | 332,000,000 | 162,000,000 | 232,000,000 | 218,000,000 | 184,000,000 | 68,000,000 | 352,000,000 | 800,000,000 | 125,000,000 | 395,000,000 | 501,000,000 | 431,000,000 | 368,000,000 | 584,000,000 | 679,000,000 | 699,000,000 | ||||||||||||||||||
income before equity in earnings of operating joint ventures | 1,303,000,000 | -807,000,000 | 498,000,000 | 1,465,000,000 | -549,000,000 | -289,000,000 | -522,000,000 | -46,000,000 | 1,218,000,000 | 1,547,000,000 | 2,164,000,000 | 2,778,000,000 | 988,000,000 | 1,497,000,000 | -2,447,000,000 | -280,000,000 | 1,123,000,000 | 1,393,000,000 | 714,000,000 | 908,000,000 | 835,000,000 | 1,654,000,000 | 182,000,000 | 1,341,000,000 | 2,221,000,000 | 483,000,000 | 1,347,000,000 | |||||||||||||||||||
equity in earnings of operating joint ventures, net of taxes | 23,000,000 | 16,000,000 | -2,000,000 | 12,000,000 | -7,000,000 | -1,000,000 | -50,000,000 | 2,000,000 | 24,000,000 | 18,000,000 | 19,000,000 | 26,000,000 | 34,000,000 | 10,000,000 | 42,000,000 | 10,000,000 | 15,000,000 | 32,000,000 | 24,000,000 | 29,000,000 | 14,000,000 | 21,000,000 | 18,000,000 | 23,000,000 | 20,000,000 | 13,000,000 | 25,000,000 | 18,000,000 | 15,000,000 | 5,000,000 | 2,000,000 | 9,000,000 | -3,000,000 | 5,000,000 | 6,000,000 | |||||||||||
realized investment gains, net: | ||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairments on fixed maturity securities | -53,000,000 | -186,000,000 | -77,000,000 | -35,000,000 | -150,000,000 | -32,000,000 | -58,000,000 | -39,000,000 | -22,000,000 | -53,000,000 | -57,000,000 | -29,000,000 | -17,000,000 | -158,000,000 | -81,000,000 | -54,000,000 | -14,000,000 | -2,000,000 | -32,000,000 | -79,000,000 | ||||||||||||||||||||||||||
other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income | -20,000,000 | 43,000,000 | 25,000,000 | -12,000,000 | 7,000,000 | 3,000,000 | 6,000,000 | 32,000,000 | 8,000,000 | 25,000,000 | 6,000,000 | -3,000,000 | 6,000,000 | 63,000,000 | ||||||||||||||||||||||||||||||||
other realized investment gains | -137,000,000 | 996,000,000 | -284,000,000 | -719,000,000 | 866,000,000 | 183,000,000 | 743,000,000 | 464,000,000 | 1,630,000,000 | -1,046,000,000 | 481,000,000 | 842,000,000 | 1,444,000,000 | 2,007,000,000 | 1,773,000,000 | 158,000,000 | 2,369,000,000 | 80,000,000 | 635,000,000 | 224,000,000 | ||||||||||||||||||||||||||
total realized investment gains | -210,000,000 | 853,000,000 | -336,000,000 | -766,000,000 | 716,000,000 | 151,000,000 | 685,000,000 | 425,000,000 | 1,608,000,000 | -1,092,000,000 | 427,000,000 | 813,000,000 | 1,433,000,000 | 1,881,000,000 | 1,700,000,000 | 129,000,000 | 2,361,000,000 | 75,000,000 | 609,000,000 | 208,000,000 | ||||||||||||||||||||||||||
dividends declared per share of common stock | 0.9 | 0.9 | 0.75 | 0.75 | 0.75 | 0.7 | 0.7 | 0.7 | 0.58 | 0.58 | 0.58 | 0.53 | 0.53 | 0.53 | ||||||||||||||||||||||||||||||||
income from continuing operations before income taxes and equity in earnings of operating joint ventures | 2,315,000,000 | 1,341,000,000 | 1,732,000,000 | 2,049,000,000 | 2,129,000,000 | 2,748,000,000 | 284,000,000 | 1,507,000,000 | 1,718,000,000 | |||||||||||||||||||||||||||||||||||||
income from continuing operations before equity in earnings of operating joint ventures | 1,814,000,000 | 910,000,000 | 1,364,000,000 | 1,465,000,000 | 1,450,000,000 | 2,049,000,000 | 518,000,000 | 1,103,000,000 | 1,245,000,000 | |||||||||||||||||||||||||||||||||||||
income from continuing operations | 1,832,000,000 | 925,000,000 | 1,369,000,000 | 1,467,000,000 | 1,459,000,000 | 2,046,000,000 | 523,000,000 | 1,109,000,000 | 1,245,000,000 | |||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of taxes | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to prudential financial, inc. | 4.14 | 2.06 | 2.97 | 3.22 | 3.07 | 4.44 | 1 | 2.25 | 2.62 | |||||||||||||||||||||||||||||||||||||
income tax benefit | -234,000,000 | 404,000,000 | 473,000,000 | |||||||||||||||||||||||||||||||||||||||||||
financial services businesses | ||||||||||||||||||||||||||||||||||||||||||||||
closed block business | ||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share-class b stock: | ||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share of class b stock | 2.41 | 2.41 | 2.41 | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to prudential financial, inc | 1,090,000,000 | 1,238,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||
fixed maturities, available-for-sale, at fair value | 330,851,000,000 | 331,455,000,000 | 335,414,000,000 | 328,302,000,000 | 315,914,000,000 | 311,570,000,000 | 340,730,000,000 | 311,092,000,000 | 318,510,000,000 | 316,321,000,000 | 295,318,000,000 | 312,230,000,000 | 320,512,000,000 | 307,719,000,000 | 295,841,000,000 | 306,655,000,000 | 344,957,000,000 | 372,410,000,000 | 373,252,000,000 | 382,981,000,000 | 378,596,000,000 | 412,905,000,000 | 400,816,000,000 | 407,944,000,000 | 389,714,000,000 | 391,657,000,000 | 383,390,000,000 | 365,928,000,000 | 340,970,000,000 | 341,151,000,000 | 347,630,000,000 | 340,100,000,000 | 335,254,000,000 | 328,717,000,000 | 343,244,000,000 | 332,270,000,000 | 314,529,000,000 | 290,778,000,000 | 290,063,000,000 | 299,422,000,000 | 304,472,000,000 | 295,321,000,000 | 286,866,000,000 |
fixed maturities, trading, at fair value | 15,831,000,000 | 14,869,000,000 | 14,575,000,000 | 14,020,000,000 | 13,278,000,000 | 12,530,000,000 | 12,065,000,000 | 10,250,000,000 | 10,288,000,000 | 9,790,000,000 | 7,129,000,000 | 6,349,000,000 | 6,269,000,000 | 5,951,000,000 | 5,690,000,000 | 6,272,000,000 | 7,724,000,000 | 8,823,000,000 | 9,548,000,000 | 6,567,000,000 | 6,202,000,000 | 3,914,000,000 | 4,371,000,000 | 3,933,000,000 | 3,621,000,000 | 3,779,000,000 | 3,755,000,000 | 3,435,000,000 | 3,083,000,000 | 2,916,000,000 | 2,885,000,000 | ||||||||||||
assets supporting experience-rated contractholder liabilities, at fair value | 4,781,000,000 | 4,842,000,000 | 4,648,000,000 | 4,282,000,000 | 3,769,000,000 | 3,707,000,000 | 3,654,000,000 | 3,351,000,000 | 3,359,000,000 | 3,168,000,000 | 2,943,000,000 | 3,019,000,000 | 2,958,000,000 | 2,844,000,000 | 2,580,000,000 | 2,785,000,000 | 3,184,000,000 | 3,358,000,000 | 3,424,000,000 | 24,596,000,000 | 24,027,000,000 | 24,115,000,000 | 23,961,000,000 | 23,245,000,000 | 21,580,000,000 | 22,267,000,000 | 21,843,000,000 | 21,668,000,000 | 21,083,000,000 | 21,497,000,000 | 21,637,000,000 | ||||||||||||
equity securities, at fair value | 12,552,000,000 | 10,972,000,000 | 8,794,000,000 | 7,434,000,000 | 8,720,000,000 | 9,417,000,000 | 6,771,000,000 | 7,098,000,000 | 7,224,000,000 | 8,242,000,000 | 7,039,000,000 | 8,359,000,000 | 7,573,000,000 | 7,150,000,000 | 6,882,000,000 | 6,402,000,000 | 7,397,000,000 | 8,574,000,000 | 7,727,000,000 | 8,018,000,000 | 8,492,000,000 | 8,135,000,000 | 7,025,000,000 | 7,010,000,000 | 6,176,000,000 | 7,014,000,000 | 6,804,000,000 | 6,778,000,000 | 7,058,000,000 | 7,191,000,000 | 7,289,000,000 | ||||||||||||
commercial mortgage and other loans | 65,412,000,000 | 64,715,000,000 | 64,813,000,000 | 62,966,000,000 | 62,694,000,000 | 62,341,000,000 | 62,573,000,000 | 60,243,000,000 | 58,781,000,000 | 59,305,000,000 | 57,908,000,000 | 57,689,000,000 | 56,778,000,000 | 56,745,000,000 | 56,896,000,000 | 56,840,000,000 | 59,304,000,000 | 58,666,000,000 | 57,786,000,000 | 64,359,000,000 | 64,554,000,000 | 65,425,000,000 | 64,541,000,000 | 63,469,000,000 | 63,559,000,000 | 61,833,000,000 | 61,228,000,000 | 60,875,000,000 | 59,336,000,000 | 58,622,000,000 | 58,098,000,000 | 55,373,000,000 | 54,915,000,000 | 53,660,000,000 | 52,273,000,000 | 51,447,000,000 | 50,798,000,000 | 50,048,000,000 | 48,569,000,000 | 47,478,000,000 | 42,964,000,000 | 42,392,000,000 | 41,008,000,000 |
policy loans | 9,988,000,000 | 9,958,000,000 | 9,951,000,000 | 9,946,000,000 | 9,876,000,000 | 9,795,000,000 | 9,947,000,000 | 9,739,000,000 | 9,907,000,000 | 10,047,000,000 | 9,959,000,000 | 9,983,000,000 | 10,041,000,000 | 10,046,000,000 | 9,920,000,000 | 10,024,000,000 | 10,207,000,000 | 10,386,000,000 | 10,471,000,000 | 10,652,000,000 | 10,990,000,000 | 11,271,000,000 | 11,502,000,000 | 12,283,000,000 | 12,099,000,000 | 12,022,000,000 | 12,030,000,000 | 11,986,000,000 | 11,928,000,000 | 11,935,000,000 | 12,036,000,000 | 11,765,000,000 | 11,719,000,000 | 11,893,000,000 | 12,031,000,000 | 11,930,000,000 | 11,805,000,000 | 11,624,000,000 | 11,652,000,000 | 11,693,000,000 | 11,966,000,000 | 11,833,000,000 | 11,766,000,000 |
other invested assets | 27,792,000,000 | 27,294,000,000 | 27,665,000,000 | 27,256,000,000 | 26,739,000,000 | 26,351,000,000 | 25,367,000,000 | 24,634,000,000 | 24,227,000,000 | 22,855,000,000 | 21,868,000,000 | 21,473,000,000 | 21,491,000,000 | 21,099,000,000 | 21,050,000,000 | 21,310,000,000 | 21,540,000,000 | 21,833,000,000 | 20,205,000,000 | 20,384,000,000 | 18,863,000,000 | 18,125,000,000 | 16,921,000,000 | 16,757,000,000 | 18,071,000,000 | 15,654,000,000 | 15,081,000,000 | 14,840,000,000 | 13,790,000,000 | 13,459,000,000 | 14,044,000,000 | ||||||||||||
short-term investments | 6,917,000,000 | 6,414,000,000 | 6,248,000,000 | 6,375,000,000 | 8,716,000,000 | 9,069,000,000 | 8,010,000,000 | 6,241,000,000 | 5,953,000,000 | 5,005,000,000 | 5,072,000,000 | 5,059,000,000 | 5,177,000,000 | 4,591,000,000 | 5,181,000,000 | 6,828,000,000 | 4,592,000,000 | 6,635,000,000 | 4,733,000,000 | 6,325,000,000 | 5,304,000,000 | 7,800,000,000 | 10,015,000,000 | 11,416,000,000 | 7,961,000,000 | 7,320,000,000 | 5,872,000,000 | 6,911,000,000 | 5,767,000,000 | 5,728,000,000 | 5,752,000,000 | 5,508,000,000 | 3,616,000,000 | 5,175,000,000 | 5,254,000,000 | 5,035,000,000 | 3,697,000,000 | 7,937,000,000 | 5,669,000,000 | 5,947,000,000 | 5,663,000,000 | 6,023,000,000 | 7,703,000,000 |
total investments | 474,124,000,000 | 470,519,000,000 | 472,108,000,000 | 460,581,000,000 | 449,706,000,000 | 444,780,000,000 | 469,117,000,000 | 432,648,000,000 | 438,249,000,000 | 434,733,000,000 | 407,236,000,000 | 425,332,000,000 | 432,076,000,000 | 417,441,000,000 | 405,239,000,000 | 418,396,000,000 | 460,337,000,000 | 492,199,000,000 | 488,790,000,000 | 525,544,000,000 | 518,829,000,000 | 553,620,000,000 | 541,053,000,000 | 547,932,000,000 | 524,676,000,000 | 523,504,000,000 | 512,012,000,000 | 494,403,000,000 | 464,972,000,000 | 464,519,000,000 | 471,491,000,000 | 464,891,000,000 | 458,401,000,000 | 450,887,000,000 | 465,771,000,000 | 451,880,000,000 | 432,420,000,000 | 416,950,000,000 | 411,944,000,000 | 420,875,000,000 | 419,319,000,000 | 408,468,000,000 | 398,173,000,000 |
cash and cash equivalents | 15,936,000,000 | 19,712,000,000 | 17,469,000,000 | 16,638,000,000 | 16,063,000,000 | 18,497,000,000 | 20,198,000,000 | 17,111,000,000 | 18,735,000,000 | 19,419,000,000 | 16,892,000,000 | 14,652,000,000 | 17,425,000,000 | 17,251,000,000 | 20,104,000,000 | 14,359,000,000 | 14,086,000,000 | 12,888,000,000 | 15,605,000,000 | 15,145,000,000 | 16,099,000,000 | 13,701,000,000 | 20,658,000,000 | 21,149,000,000 | 31,646,000,000 | 18,289,000,000 | 15,421,000,000 | 14,699,000,000 | 12,466,000,000 | 14,918,000,000 | 15,676,000,000 | 14,541,000,000 | 16,605,000,000 | 13,308,000,000 | 24,728,000,000 | 24,142,000,000 | 22,492,000,000 | 20,207,000,000 | 17,038,000,000 | 19,119,000,000 | 12,160,000,000 | 12,472,000,000 | 11,439,000,000 |
accrued investment income | 3,633,000,000 | 3,636,000,000 | 3,581,000,000 | 3,560,000,000 | 3,383,000,000 | 3,441,000,000 | 3,566,000,000 | 3,434,000,000 | 3,361,000,000 | 3,287,000,000 | 3,191,000,000 | 3,142,000,000 | 3,095,000,000 | 3,012,000,000 | 2,888,000,000 | 2,798,000,000 | 2,838,000,000 | 2,855,000,000 | 2,808,000,000 | 3,037,000,000 | 3,063,000,000 | 3,193,000,000 | 3,129,000,000 | 3,296,000,000 | 3,221,000,000 | 3,248,000,000 | 3,355,000,000 | 3,233,000,000 | 3,180,000,000 | 3,235,000,000 | 3,169,000,000 | 3,278,000,000 | 3,228,000,000 | 3,231,000,000 | 3,279,000,000 | 3,211,000,000 | 3,180,000,000 | 3,156,000,000 | 3,117,000,000 | 3,135,000,000 | 3,162,000,000 | 3,134,000,000 | 3,089,000,000 |
deferred policy acquisition costs | 21,730,000,000 | 21,530,000,000 | 21,468,000,000 | 21,222,000,000 | 20,790,000,000 | 20,448,000,000 | 21,182,000,000 | 20,564,000,000 | 20,613,000,000 | 20,856,000,000 | 20,394,000,000 | 20,320,000,000 | 20,741,000,000 | 19,537,000,000 | 19,334,000,000 | 18,632,000,000 | 18,479,000,000 | 18,192,000,000 | 18,067,000,000 | 19,029,000,000 | 19,273,000,000 | 19,027,000,000 | 18,599,000,000 | 19,667,000,000 | 19,738,000,000 | 19,484,000,000 | 19,540,000,000 | 19,978,000,000 | 19,789,000,000 | 19,643,000,000 | 19,649,000,000 | 18,724,000,000 | 18,715,000,000 | 18,197,000,000 | 16,975,000,000 | 16,152,000,000 | 15,998,000,000 | 16,206,000,000 | 16,569,000,000 | 15,639,000,000 | 16,669,000,000 | 16,617,000,000 | 16,512,000,000 |
value of business acquired | 382,000,000 | 397,000,000 | 430,000,000 | 450,000,000 | 446,000,000 | 435,000,000 | 488,000,000 | 446,000,000 | 484,000,000 | 530,000,000 | 514,000,000 | 542,000,000 | 601,000,000 | 595,000,000 | 532,000,000 | 571,000,000 | 714,000,000 | 771,000,000 | 815,000,000 | 1,057,000,000 | 1,006,000,000 | 1,103,000,000 | 1,131,000,000 | 1,040,000,000 | 1,070,000,000 | 1,106,000,000 | 1,227,000,000 | 1,575,000,000 | 1,962,000,000 | 2,027,000,000 | 1,995,000,000 | 1,817,000,000 | 1,897,000,000 | 2,266,000,000 | 2,159,000,000 | 1,951,000,000 | 2,582,000,000 | 2,847,000,000 | 2,994,000,000 | 2,514,000,000 | 3,499,000,000 | 3,610,000,000 | 3,675,000,000 |
market risk benefit assets | 2,166,000,000 | 2,330,000,000 | 2,252,000,000 | 2,188,000,000 | 2,139,000,000 | 2,331,000,000 | 2,134,000,000 | 2,233,000,000 | 2,225,000,000 | 1,981,000,000 | 2,200,000,000 | 1,951,000,000 | 976,000,000 | ||||||||||||||||||||||||||||||
reinsurance recoverables and deposit receivables | 43,213,000,000 | 44,077,000,000 | 44,947,000,000 | 44,152,000,000 | 43,982,000,000 | 37,680,000,000 | 29,633,000,000 | 27,746,000,000 | 27,929,000,000 | 27,311,000,000 | |||||||||||||||||||||||||||||||||
income tax assets | 279,000,000 | 240,000,000 | 839,000,000 | 300,000,000 | 866,000,000 | 479,000,000 | 856,000,000 | 958,000,000 | 939,000,000 | 1,108,000,000 | 803,000,000 | 4,214,000,000 | 3,831,000,000 | 696,000,000 | |||||||||||||||||||||||||||||
other assets | 15,176,000,000 | 15,009,000,000 | 15,267,000,000 | 14,561,000,000 | 14,262,000,000 | 13,737,000,000 | 12,947,000,000 | 13,299,000,000 | 13,205,000,000 | 13,179,000,000 | 39,077,000,000 | 29,691,000,000 | 32,061,000,000 | 30,188,000,000 | 31,303,000,000 | 34,534,000,000 | 9,852,000,000 | 10,739,000,000 | 20,735,000,000 | 21,957,000,000 | 22,567,000,000 | 22,801,000,000 | 21,536,000,000 | 21,301,000,000 | 20,694,000,000 | 18,761,000,000 | 18,690,000,000 | 18,192,000,000 | 16,938,000,000 | 16,860,000,000 | 17,112,000,000 | 16,770,000,000 | 16,311,000,000 | 15,671,000,000 | 15,403,000,000 | 14,322,000,000 | 14,822,000,000 | 14,545,000,000 | 14,728,000,000 | 14,624,000,000 | 13,927,000,000 | 14,273,000,000 | 13,833,000,000 |
separate account assets | 189,036,000,000 | 196,251,000,000 | 198,540,000,000 | 194,761,000,000 | 188,191,000,000 | 193,372,000,000 | 200,550,000,000 | 196,859,000,000 | 200,064,000,000 | 198,888,000,000 | 190,642,000,000 | 200,871,000,000 | 202,294,000,000 | 197,679,000,000 | 194,525,000,000 | 205,613,000,000 | 229,621,000,000 | 246,145,000,000 | 241,852,000,000 | 340,692,000,000 | 326,443,000,000 | 327,277,000,000 | 305,483,000,000 | 301,002,000,000 | 272,667,000,000 | 301,234,000,000 | 303,580,000,000 | 297,244,000,000 | 303,441,000,000 | 298,658,000,000 | 300,585,000,000 | 301,110,000,000 | 297,433,000,000 | 293,805,000,000 | 291,550,000,000 | 284,832,000,000 | 281,501,000,000 | 280,616,000,000 | 296,341,000,000 | 302,706,000,000 | 296,801,000,000 | 288,161,000,000 | 285,060,000,000 |
total assets | 765,396,000,000 | 773,740,000,000 | 776,302,000,000 | 758,952,000,000 | 739,262,000,000 | 735,587,000,000 | 760,294,000,000 | 715,196,000,000 | 725,823,000,000 | 721,123,000,000 | 681,254,000,000 | 697,304,000,000 | 709,269,000,000 | 689,917,000,000 | 677,756,000,000 | 695,599,000,000 | 878,066,000,000 | 937,582,000,000 | 932,582,000,000 | 926,461,000,000 | 907,280,000,000 | 940,722,000,000 | 911,589,000,000 | 915,387,000,000 | 873,712,000,000 | 885,626,000,000 | 873,825,000,000 | 849,324,000,000 | 822,748,000,000 | 819,860,000,000 | 829,677,000,000 | 821,131,000,000 | 812,590,000,000 | 797,365,000,000 | 819,865,000,000 | 796,490,000,000 | 772,995,000,000 | 754,527,000,000 | 762,731,000,000 | 778,612,000,000 | 765,537,000,000 | 746,735,000,000 | 731,781,000,000 |
liabilities, mezzanine equity and equity | |||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||
future policy benefits | 262,470,000,000 | 266,914,000,000 | 272,553,000,000 | 270,133,000,000 | 269,969,000,000 | 268,912,000,000 | 285,474,000,000 | 262,330,000,000 | 272,790,000,000 | 273,281,000,000 | 253,551,000,000 | 268,649,000,000 | 273,586,000,000 | 284,452,000,000 | 278,262,000,000 | 275,096,000,000 | 284,380,000,000 | 290,784,000,000 | 291,721,000,000 | 289,233,000,000 | 290,536,000,000 | 306,343,000,000 | 303,733,000,000 | 312,759,000,000 | 310,817,000,000 | 291,742,000,000 | 285,527,000,000 | 277,085,000,000 | 260,797,000,000 | 260,435,000,000 | 261,144,000,000 | 252,339,000,000 | 250,706,000,000 | 244,705,000,000 | 252,228,000,000 | 242,950,000,000 | 234,728,000,000 | 222,220,000,000 | 216,555,000,000 | 220,840,000,000 | 215,219,000,000 | 211,540,000,000 | 206,859,000,000 |
policyholders’ account balances | 192,131,000,000 | 188,657,000,000 | 180,931,000,000 | 170,278,000,000 | 164,088,000,000 | 154,991,000,000 | 151,810,000,000 | 147,018,000,000 | 140,788,000,000 | 138,743,000,000 | 138,139,000,000 | 135,602,000,000 | 131,679,000,000 | 130,352,000,000 | 122,465,000,000 | 122,633,000,000 | 122,337,000,000 | 159,548,000,000 | 160,227,000,000 | 161,682,000,000 | 159,346,000,000 | 158,237,000,000 | 155,898,000,000 | 152,527,000,000 | 151,428,000,000 | 151,224,000,000 | 149,130,000,000 | 149,359,000,000 | 149,917,000,000 | 148,342,000,000 | 147,554,000,000 | 147,026,000,000 | 146,577,000,000 | 142,716,000,000 | 139,745,000,000 | 136,620,000,000 | 135,630,000,000 | 135,143,000,000 | 138,545,000,000 | 137,244,000,000 | 136,657,000,000 | ||
market risk benefit liabilities | 5,000,000,000 | 4,623,000,000 | 4,771,000,000 | 4,859,000,000 | 5,021,000,000 | 4,455,000,000 | 5,178,000,000 | 4,592,000,000 | 4,624,000,000 | 5,467,000,000 | 4,660,000,000 | 5,462,000,000 | 6,096,000,000 | ||||||||||||||||||||||||||||||
policyholders’ dividends | 809,000,000 | 1,272,000,000 | 1,412,000,000 | 957,000,000 | 916,000,000 | 718,000,000 | 2,089,000,000 | 746,000,000 | 1,111,000,000 | 1,475,000,000 | 657,000,000 | 1,058,000,000 | 1,487,000,000 | 694,000,000 | 665,000,000 | 2,256,000,000 | 5,585,000,000 | 8,731,000,000 | 8,448,000,000 | 8,555,000,000 | 7,168,000,000 | 9,524,000,000 | 8,978,000,000 | 8,623,000,000 | 6,396,000,000 | 7,548,000,000 | 6,558,000,000 | 5,360,000,000 | 4,512,000,000 | 4,858,000,000 | 5,446,000,000 | 6,327,000,000 | 6,285,000,000 | 5,896,000,000 | 7,482,000,000 | 7,295,000,000 | 6,373,000,000 | 6,153,000,000 | 6,528,000,000 | 8,337,000,000 | 7,186,000,000 | 6,519,000,000 | 5,515,000,000 |
securities sold under agreements to repurchase | 10,975,000,000 | 9,598,000,000 | 9,937,000,000 | 8,205,000,000 | 7,549,000,000 | 6,796,000,000 | 7,455,000,000 | 6,929,000,000 | 6,563,000,000 | 6,056,000,000 | 5,547,000,000 | 6,097,000,000 | 6,617,000,000 | 6,589,000,000 | 8,223,000,000 | 8,006,000,000 | 9,085,000,000 | 10,185,000,000 | 9,899,000,000 | 9,557,000,000 | 9,384,000,000 | 10,894,000,000 | 10,874,000,000 | 10,488,000,000 | 10,557,000,000 | 9,241,000,000 | 9,741,000,000 | 9,873,000,000 | 9,176,000,000 | 9,540,000,000 | 8,633,000,000 | 8,145,000,000 | 8,817,000,000 | 8,535,000,000 | 6,830,000,000 | 7,335,000,000 | 8,357,000,000 | 8,107,000,000 | 7,863,000,000 | 7,766,000,000 | 8,786,000,000 | 8,348,000,000 | 7,898,000,000 |
cash collateral for loaned securities | 8,905,000,000 | 8,700,000,000 | 8,597,000,000 | 9,167,000,000 | 9,507,000,000 | 9,621,000,000 | 8,471,000,000 | 7,050,000,000 | 6,978,000,000 | 6,477,000,000 | 6,067,000,000 | 5,207,000,000 | 5,975,000,000 | 6,100,000,000 | 5,865,000,000 | 5,741,000,000 | 4,771,000,000 | 4,251,000,000 | 4,382,000,000 | 4,431,000,000 | 4,673,000,000 | 3,499,000,000 | 3,071,000,000 | 3,447,000,000 | 3,396,000,000 | 4,728,000,000 | 4,235,000,000 | 4,093,000,000 | 4,656,000,000 | 4,307,000,000 | 4,312,000,000 | 4,697,000,000 | 4,036,000,000 | 4,175,000,000 | 5,037,000,000 | 4,643,000,000 | 4,052,000,000 | 4,241,000,000 | 3,808,000,000 | 4,437,000,000 | 4,889,000,000 | 5,282,000,000 | 5,040,000,000 |
reinsurance and funds withheld payables | 19,270,000,000 | 18,844,000,000 | 17,874,000,000 | 17,126,000,000 | 17,347,000,000 | 17,084,000,000 | 17,443,000,000 | 15,604,000,000 | 15,746,000,000 | 15,729,000,000 | |||||||||||||||||||||||||||||||||
income tax liabilities | 255,000,000 | ||||||||||||||||||||||||||||||||||||||||||
short-term debt | 946,000,000 | 1,443,000,000 | 1,386,000,000 | 1,373,000,000 | 1,406,000,000 | 953,000,000 | 950,000,000 | 588,000,000 | 585,000,000 | 618,000,000 | 615,000,000 | 763,000,000 | 705,000,000 | 775,000,000 | 767,000,000 | 558,000,000 | 544,000,000 | 722,000,000 | 909,000,000 | 909,000,000 | 867,000,000 | 925,000,000 | 1,113,000,000 | 1,130,000,000 | 2,539,000,000 | 1,490,000,000 | 2,659,000,000 | 2,549,000,000 | 2,393,000,000 | 2,056,000,000 | 1,383,000,000 | 2,358,000,000 | 1,779,000,000 | 1,415,000,000 | 907,000,000 | 676,000,000 | 969,000,000 | 1,833,000,000 | 3,621,000,000 | 3,013,000,000 | 3,804,000,000 | 4,019,000,000 | 2,669,000,000 |
long-term debt | 18,882,000,000 | 18,856,000,000 | 18,797,000,000 | 18,651,000,000 | 19,540,000,000 | 19,187,000,000 | 19,076,000,000 | 19,353,000,000 | 19,368,000,000 | 18,882,000,000 | 18,877,000,000 | 18,876,000,000 | 20,451,000,000 | 19,908,000,000 | 19,898,000,000 | 19,612,000,000 | 19,689,000,000 | 18,622,000,000 | 18,687,000,000 | 19,670,000,000 | 19,730,000,000 | 19,718,000,000 | 20,169,000,000 | 20,162,000,000 | 20,149,000,000 | 19,151,000,000 | 17,841,000,000 | 18,309,000,000 | 17,421,000,000 | 16,732,000,000 | 18,143,000,000 | 17,153,000,000 | 17,626,000,000 | 17,893,000,000 | 18,758,000,000 | 18,986,000,000 | 19,608,000,000 | 20,329,000,000 | 20,264,000,000 | 19,703,000,000 | 23,488,000,000 | 22,565,000,000 | 23,553,000,000 |
other liabilities | 18,507,000,000 | 17,692,000,000 | 17,095,000,000 | 17,915,000,000 | 15,873,000,000 | 16,679,000,000 | 15,489,000,000 | 14,875,000,000 | 15,638,000,000 | 16,071,000,000 | 32,112,000,000 | 21,721,000,000 | 20,540,000,000 | 20,536,000,000 | 20,474,000,000 | 19,215,000,000 | 10,230,000,000 | 11,755,000,000 | 20,230,000,000 | 19,702,000,000 | 19,855,000,000 | 20,323,000,000 | 18,579,000,000 | 18,573,000,000 | 17,853,000,000 | 17,754,000,000 | 17,372,000,000 | 16,881,000,000 | 16,196,000,000 | 16,498,000,000 | 17,689,000,000 | 16,069,000,000 | 15,907,000,000 | 14,164,000,000 | 15,474,000,000 | 14,645,000,000 | 13,323,000,000 | 13,624,000,000 | 13,135,000,000 | 12,873,000,000 | 11,935,000,000 | 13,232,000,000 | 13,925,000,000 |
notes issued by consolidated variable interest entities | 3,283,000,000 | 2,659,000,000 | 1,868,000,000 | 1,758,000,000 | 1,443,000,000 | 1,430,000,000 | 1,456,000,000 | 1,174,000,000 | 1,132,000,000 | 1,374,000,000 | 791,000,000 | 402,000,000 | 415,000,000 | 374,000,000 | 218,000,000 | 232,000,000 | 260,000,000 | 274,000,000 | 282,000,000 | 284,000,000 | 285,000,000 | 305,000,000 | 1,242,000,000 | 1,197,000,000 | 1,251,000,000 | 1,233,000,000 | 1,246,000,000 | 1,225,000,000 | 930,000,000 | 937,000,000 | 954,000,000 | 1,517,000,000 | 2,176,000,000 | 2,179,000,000 | 2,722,000,000 | 2,094,000,000 | 2,946,000,000 | 8,370,000,000 | 7,455,000,000 | 6,830,000,000 | 4,573,000,000 | 4,101,000,000 | 3,302,000,000 |
separate account liabilities | 189,036,000,000 | 196,251,000,000 | 198,540,000,000 | 194,761,000,000 | 188,191,000,000 | 193,372,000,000 | 200,550,000,000 | 196,859,000,000 | 200,064,000,000 | 198,888,000,000 | 190,642,000,000 | 200,871,000,000 | 202,294,000,000 | 197,679,000,000 | 194,525,000,000 | 205,613,000,000 | 229,621,000,000 | 246,145,000,000 | 241,852,000,000 | 340,692,000,000 | 326,443,000,000 | 327,277,000,000 | 305,483,000,000 | 301,002,000,000 | 272,667,000,000 | 301,234,000,000 | 303,580,000,000 | 297,244,000,000 | 303,441,000,000 | 298,658,000,000 | 300,585,000,000 | 301,110,000,000 | 297,433,000,000 | 293,805,000,000 | 291,550,000,000 | 284,832,000,000 | 281,501,000,000 | 280,616,000,000 | 296,341,000,000 | 302,706,000,000 | 296,801,000,000 | 288,161,000,000 | 285,060,000,000 |
total liabilities | 730,469,000,000 | 738,159,000,000 | 741,487,000,000 | 725,836,000,000 | 707,040,000,000 | 705,461,000,000 | 727,719,000,000 | 685,091,000,000 | 696,409,000,000 | 691,336,000,000 | 654,307,000,000 | 667,849,000,000 | 676,822,000,000 | 672,709,000,000 | 660,576,000,000 | 666,681,000,000 | 833,388,000,000 | 874,974,000,000 | 870,023,000,000 | 862,777,000,000 | 848,504,000,000 | 872,512,000,000 | 844,699,000,000 | 848,879,000,000 | 812,640,000,000 | 819,312,000,000 | 811,672,000,000 | 793,874,000,000 | 775,666,000,000 | 771,268,000,000 | 777,502,000,000 | 770,566,000,000 | 763,950,000,000 | 750,391,000,000 | 762,891,000,000 | 741,312,000,000 | 723,730,000,000 | 711,757,000,000 | 720,439,000,000 | 733,038,000,000 | 723,730,000,000 | 707,871,000,000 | 695,900,000,000 |
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||
mezzanine equity | |||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 2,608,000,000 | 2,794,000,000 | 2,358,000,000 | 2,213,000,000 | 2,019,000,000 | 1,939,000,000 | 560,000,000 | 545,000,000 | 544,000,000 | 524,000,000 | |||||||||||||||||||||||||||||||||
total mezzanine equity | 2,608,000,000 | 2,794,000,000 | 2,358,000,000 | 2,213,000,000 | 2,019,000,000 | 1,939,000,000 | 560,000,000 | 545,000,000 | 544,000,000 | 524,000,000 | |||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||
preferred stock | |||||||||||||||||||||||||||||||||||||||||||
common stock | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
additional paid-in capital | 25,948,000,000 | 26,013,000,000 | 25,968,000,000 | 25,927,000,000 | 25,871,000,000 | 25,901,000,000 | 25,850,000,000 | 25,802,000,000 | 25,741,000,000 | 25,746,000,000 | 25,714,000,000 | 25,676,000,000 | 25,643,000,000 | 25,747,000,000 | 25,707,000,000 | 25,661,000,000 | 25,659,000,000 | 25,732,000,000 | 25,680,000,000 | 25,644,000,000 | 25,579,000,000 | 25,584,000,000 | 25,563,000,000 | 25,513,000,000 | 25,506,000,000 | 25,351,000,000 | 24,825,000,000 | 24,782,000,000 | 24,810,000,000 | 24,763,000,000 | 24,722,000,000 | 24,721,000,000 | 24,671,000,000 | 24,627,000,000 | 24,520,000,000 | 24,457,000,000 | 24,420,000,000 | 24,348,000,000 | 24,397,000,000 | 24,346,000,000 | 24,478,000,000 | 24,435,000,000 | 24,475,000,000 |
common stock held in treasury, at cost | -25,461,000,000 | -25,335,000,000 | -25,111,000,000 | -24,886,000,000 | -24,661,000,000 | -24,511,000,000 | -24,310,000,000 | -24,088,000,000 | -23,891,000,000 | -23,780,000,000 | -23,568,000,000 | -23,355,000,000 | -23,147,000,000 | -23,068,000,000 | -22,736,000,000 | -22,391,000,000 | -22,051,000,000 | -21,838,000,000 | -21,522,000,000 | -20,687,000,000 | -19,878,000,000 | -19,652,000,000 | -19,725,000,000 | -19,785,000,000 | -19,841,000,000 | -19,386,000,000 | -18,416,000,000 | -17,962,000,000 | -17,246,000,000 | -16,905,000,000 | -16,557,000,000 | -16,012,000,000 | -15,741,000,000 | -15,475,000,000 | -14,989,000,000 | -14,432,000,000 | -14,093,000,000 | -13,612,000,000 | -13,398,000,000 | -13,233,000,000 | -12,723,000,000 | -12,533,000,000 | -12,415,000,000 |
accumulated other comprehensive income | -3,450,000,000 | -3,077,000,000 | -3,175,000,000 | -3,921,000,000 | -4,741,000,000 | -6,711,000,000 | -4,844,000,000 | -7,444,000,000 | -7,661,000,000 | -6,504,000,000 | -7,831,000,000 | -6,649,000,000 | -3,825,000,000 | -19,827,000,000 | -20,874,000,000 | -10,178,000,000 | 4,205,000,000 | 21,324,000,000 | 21,836,000,000 | 23,277,000,000 | 19,219,000,000 | 30,738,000,000 | 30,001,000,000 | 30,837,000,000 | 22,600,000,000 | 27,558,000,000 | 23,982,000,000 | 17,218,000,000 | 9,150,000,000 | 11,655,000,000 | 14,761,000,000 | 16,598,000,000 | 16,362,000,000 | 14,643,000,000 | 24,925,000,000 | 24,667,000,000 | 19,066,000,000 | 13,463,000,000 | 13,404,000,000 | 17,752,000,000 | 13,077,000,000 | 10,798,000,000 | 8,681,000,000 |
retained earnings | 34,932,000,000 | 34,831,000,000 | 34,406,000,000 | 33,456,000,000 | 33,408,000,000 | 33,187,000,000 | 33,714,000,000 | 33,737,000,000 | 33,014,000,000 | 32,352,000,000 | 31,493,000,000 | 32,756,000,000 | 32,708,000,000 | 33,392,000,000 | 34,399,000,000 | 35,137,000,000 | 36,159,000,000 | 36,652,000,000 | 35,887,000,000 | 34,808,000,000 | 33,110,000,000 | 30,749,000,000 | 30,372,000,000 | 29,326,000,000 | 32,176,000,000 | 32,269,000,000 | 31,263,000,000 | 30,966,000,000 | 30,005,000,000 | 28,713,000,000 | 28,898,000,000 | 25,060,000,000 | 23,146,000,000 | 22,983,000,000 | 21,969,000,000 | 20,451,000,000 | 19,843,000,000 | 18,515,000,000 | 17,314,000,000 | 16,173,000,000 | 16,357,000,000 | 15,517,000,000 | 14,531,000,000 |
total prudential financial, inc. equity | 31,975,000,000 | 32,438,000,000 | 32,094,000,000 | 30,582,000,000 | 29,883,000,000 | 27,872,000,000 | 30,416,000,000 | 28,013,000,000 | 27,209,000,000 | 27,820,000,000 | 25,814,000,000 | 28,434,000,000 | 31,385,000,000 | 16,250,000,000 | 16,502,000,000 | 28,235,000,000 | 43,978,000,000 | 61,876,000,000 | 61,887,000,000 | 63,048,000,000 | 58,036,000,000 | 67,425,000,000 | 66,217,000,000 | 65,897,000,000 | 60,447,000,000 | 65,798,000,000 | 61,660,000,000 | 55,010,000,000 | 46,725,000,000 | 48,232,000,000 | 51,830,000,000 | 50,373,000,000 | 48,444,000,000 | 46,784,000,000 | 56,431,000,000 | 55,149,000,000 | 49,242,000,000 | 42,720,000,000 | 41,723,000,000 | 45,044,000,000 | 41,195,000,000 | 38,223,000,000 | 35,278,000,000 |
noncontrolling interests | 344,000,000 | 349,000,000 | 363,000,000 | 321,000,000 | 320,000,000 | 315,000,000 | 1,599,000,000 | 1,547,000,000 | 1,661,000,000 | 1,443,000,000 | 1,133,000,000 | 1,021,000,000 | 1,062,000,000 | 958,000,000 | 678,000,000 | 683,000,000 | 700,000,000 | 732,000,000 | 672,000,000 | 636,000,000 | 740,000,000 | 785,000,000 | 673,000,000 | 611,000,000 | 625,000,000 | 516,000,000 | 493,000,000 | 440,000,000 | 357,000,000 | 360,000,000 | 345,000,000 | 192,000,000 | 196,000,000 | 190,000,000 | 543,000,000 | 29,000,000 | 23,000,000 | 50,000,000 | 569,000,000 | 530,000,000 | 612,000,000 | 641,000,000 | 603,000,000 |
total equity | 32,319,000,000 | 32,787,000,000 | 32,457,000,000 | 30,903,000,000 | 30,203,000,000 | 28,187,000,000 | 32,015,000,000 | 29,560,000,000 | 28,870,000,000 | 29,263,000,000 | 26,947,000,000 | 29,455,000,000 | 32,447,000,000 | 17,208,000,000 | 17,180,000,000 | 28,918,000,000 | 44,678,000,000 | 62,608,000,000 | 62,559,000,000 | 63,684,000,000 | 58,776,000,000 | 68,210,000,000 | 66,890,000,000 | 66,508,000,000 | 61,072,000,000 | 66,314,000,000 | 62,153,000,000 | 55,450,000,000 | 47,082,000,000 | 48,592,000,000 | 52,175,000,000 | 50,565,000,000 | 48,640,000,000 | 46,974,000,000 | 56,974,000,000 | 55,178,000,000 | 49,265,000,000 | 42,770,000,000 | 42,292,000,000 | 45,574,000,000 | 41,807,000,000 | 38,864,000,000 | 35,881,000,000 |
total liabilities, mezzanine equity and equity | 765,396,000,000 | 773,740,000,000 | 776,302,000,000 | 758,952,000,000 | 739,262,000,000 | 735,587,000,000 | 760,294,000,000 | 715,196,000,000 | 725,823,000,000 | 721,123,000,000 | |||||||||||||||||||||||||||||||||
policyholders' account balances | 191,307,000,000 | 166,254,000,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||
fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses | 1,171,000,000 | 1,277,000,000 | 1,296,000,000 | 1,199,000,000 | 1,280,000,000 | 1,432,000,000 | 1,514,000,000 | 1,644,000,000 | |||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 681,254,000,000 | 697,304,000,000 | 709,269,000,000 | 689,917,000,000 | 677,756,000,000 | 695,599,000,000 | 878,066,000,000 | 937,582,000,000 | 932,582,000,000 | 926,461,000,000 | 907,280,000,000 | 940,722,000,000 | 911,589,000,000 | 915,387,000,000 | 873,712,000,000 | 885,626,000,000 | 873,825,000,000 | 849,324,000,000 | 822,748,000,000 | 819,860,000,000 | 829,677,000,000 | 821,131,000,000 | 812,590,000,000 | 797,365,000,000 | 819,865,000,000 | 796,490,000,000 | 772,995,000,000 | 754,527,000,000 | 762,731,000,000 | 778,612,000,000 | 765,537,000,000 | 746,735,000,000 | 731,781,000,000 | ||||||||||
income taxes | 517,000,000 | 4,501,000,000 | 9,513,000,000 | 10,540,000,000 | 10,196,000,000 | 9,336,000,000 | 12,022,000,000 | 12,111,000,000 | 13,261,000,000 | 11,117,000,000 | 12,664,000,000 | 11,485,000,000 | 10,031,000,000 | 7,014,000,000 | 7,888,000,000 | 9,296,000,000 | 12,509,000,000 | 11,631,000,000 | 10,598,000,000 | 15,326,000,000 | 15,140,000,000 | 12,128,000,000 | 9,644,000,000 | 9,239,000,000 | 11,390,000,000 | 8,504,000,000 | 6,860,000,000 | 5,422,000,000 | |||||||||||||||
assets held-for-sale | 142,139,000,000 | 153,793,000,000 | 143,910,000,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities held-for-sale | 142,257,000,000 | 151,359,000,000 | 140,736,000,000 | ||||||||||||||||||||||||||||||||||||||||
fixed maturities, held-to-maturity, at amortized cost | 1,662,000,000 | 1,801,000,000 | 1,930,000,000 | 1,901,000,000 | 1,875,000,000 | 1,895,000,000 | 1,958,000,000 | 2,009,000,000 | 1,982,000,000 | 1,957,000,000 | 2,020,000,000 | 2,120,000,000 | 2,084,000,000 | 2,123,000,000 | 2,166,000,000 | 2,471,000,000 | 2,485,000,000 | 2,411,000,000 | 2,380,000,000 | 2,396,000,000 | 2,513,000,000 | 3,171,000,000 | 3,275,000,000 | 3,312,000,000 | |||||||||||||||||||
see note 4 for details of balances associated with variable interest entities. | |||||||||||||||||||||||||||||||||||||||||||
trading account assets supporting insurance liabilities, at fair value | 22,126,000,000 | 22,073,000,000 | 21,820,000,000 | 21,828,000,000 | 21,702,000,000 | 21,447,000,000 | 20,408,000,000 | 20,267,000,000 | 20,626,000,000 | 21,273,000,000 | 20,935,000,000 | 20,827,000,000 | |||||||||||||||||||||||||||||||
other trading account assets, at fair value | 6,210,000,000 | 6,773,000,000 | 5,863,000,000 | 7,559,000,000 | 7,268,000,000 | 8,052,000,000 | 14,075,000,000 | 12,749,000,000 | 11,989,000,000 | 8,665,000,000 | 8,021,000,000 | 6,453,000,000 | |||||||||||||||||||||||||||||||
equity securities, available-for-sale, at fair value | 9,739,000,000 | 10,151,000,000 | 10,143,000,000 | 9,765,000,000 | 9,496,000,000 | 9,400,000,000 | 9,109,000,000 | 9,901,000,000 | 10,206,000,000 | 10,222,000,000 | 10,191,000,000 | 9,910,000,000 | |||||||||||||||||||||||||||||||
other long-term investments | 11,986,000,000 | 11,777,000,000 | 11,450,000,000 | 11,346,000,000 | 10,247,000,000 | 10,281,000,000 | 10,591,000,000 | 10,678,000,000 | 11,001,000,000 | 10,923,000,000 | 10,477,000,000 | 10,328,000,000 | |||||||||||||||||||||||||||||||
see note 5 for details of balances associated with variable interest entities. | |||||||||||||||||||||||||||||||||||||||||||
class b stock | |||||||||||||||||||||||||||||||||||||||||||
class b stock (.01 par value... |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | 1,008,000,000 | 3,319,000,000 | 4,296,000,000 | 1,162,000,000 | -2,506,000,000 | 2,322,000,000 | 1,105,000,000 | -146,000,000 | 5,221,000,000 | 1,103,000,000 | 2,840,000,000 | 1,224,000,000 | 1,343,000,000 | -622,000,000 | 4,278,000,000 | 1,501,000,000 | 1,000,000 | 3,333,000,000 | 5,417,000,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 1,008,000,000 | 3,319,000,000 | 4,296,000,000 | 1,162,000,000 | -2,506,000,000 | 2,322,000,000 | 1,105,000,000 | -146,000,000 | 5,221,000,000 | 1,103,000,000 | 2,840,000,000 | 1,224,000,000 | 1,343,000,000 | -622,000,000 | 4,278,000,000 | 1,501,000,000 | 1,000,000 | 3,333,000,000 | 5,417,000,000 |
net income | 606,000,000 | 941,000,000 | 1,483,000,000 | 566,000,000 | 742,000,000 | 73,000,000 | 451,000,000 | 1,171,000,000 | 1,151,000,000 | 1,326,000,000 | -791,000,000 | 496,000,000 | 1,477,000,000 | -556,000,000 | -290,000,000 | -572,000,000 | -44,000,000 | 1,242,000,000 | 1,565,000,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
realized investment losses | 364,000,000 | 677,000,000 | 1,026,000,000 | 1,699,000,000 | 730,000,000 | 308,000,000 | -878,000,000 | ||||||||||||
change in value of market risk benefits, net of related hedging losses | 295,000,000 | 22,000,000 | -324,000,000 | 426,000,000 | 351,000,000 | -123,000,000 | |||||||||||||
policy charges and fee income | -620,000,000 | -515,000,000 | -504,000,000 | -502,000,000 | -507,000,000 | -446,000,000 | -554,000,000 | -557,000,000 | -571,000,000 | -560,000,000 | -553,000,000 | -533,000,000 | -540,000,000 | -617,000,000 | -581,000,000 | -700,000,000 | -634,000,000 | -572,000,000 | -588,000,000 |
interest credited to policyholders’ account balances | 1,109,000,000 | 1,523,000,000 | 1,582,000,000 | 1,138,000,000 | 825,000,000 | 1,334,000,000 | 863,000,000 | 1,102,000,000 | 1,283,000,000 | 981,000,000 | 872,000,000 | 1,149,000,000 | 981,000,000 | 779,000,000 | 703,000,000 | 665,000,000 | 169,000,000 | 723,000,000 | 917,000,000 |
depreciation and amortization | 143,000,000 | -49,000,000 | -144,000,000 | 482,000,000 | -161,000,000 | 53,000,000 | -41,000,000 | -26,000,000 | 397,000,000 | -71,000,000 | -45,000,000 | 5,000,000 | 41,000,000 | 62,000,000 | -126,000,000 | 170,000,000 | 18,000,000 | 117,000,000 | 42,000,000 |
losses on assets supporting experience-rated contractholder liabilities | 119,000,000 | -322,000,000 | -364,000,000 | -218,000,000 | 256,000,000 | -356,000,000 | 132,000,000 | ||||||||||||
change in: | |||||||||||||||||||
deferred policy acquisition costs | -213,000,000 | -261,000,000 | -297,000,000 | -282,000,000 | -375,000,000 | -329,000,000 | -268,000,000 | -241,000,000 | -273,000,000 | -269,000,000 | -215,000,000 | -180,000,000 | -205,000,000 | -45,000,000 | -47,000,000 | 58,000,000 | 266,000,000 | -164,000,000 | -120,000,000 |
future policy benefits and other insurance liabilities | 525,000,000 | 854,000,000 | 2,550,000,000 | 294,000,000 | -205,000,000 | 277,000,000 | 875,000,000 | -524,000,000 | 4,175,000,000 | 760,000,000 | 1,991,000,000 | 850,000,000 | 1,888,000,000 | 170,000,000 | 2,309,000,000 | 2,690,000,000 | 1,404,000,000 | 1,983,000,000 | 3,116,000,000 |
reinsurance related-balances | -609,000,000 | -565,000,000 | -445,000,000 | -652,000,000 | -601,000,000 | ||||||||||||||
income taxes | 490,000,000 | -258,000,000 | 400,000,000 | -768,000,000 | 133,000,000 | -289,000,000 | 127,000,000 | -187,000,000 | 203,000,000 | -160,000,000 | -86,000,000 | -553,000,000 | 357,000,000 | -248,000,000 | -66,000,000 | -1,288,000,000 | -83,000,000 | -568,000,000 | 285,000,000 |
derivatives | 240,000,000 | 1,035,000,000 | 932,000,000 | -254,000,000 | -1,336,000,000 | 612,000,000 | -289,000,000 | 307,000,000 | 267,000,000 | -9,000,000 | -404,000,000 | 21,000,000 | -354,000,000 | -2,068,000,000 | 1,388,000,000 | 699,000,000 | -3,000,000,000 | 467,000,000 | 573,000,000 |
other | -1,441,000,000 | 237,000,000 | -1,599,000,000 | -767,000,000 | -2,358,000,000 | 2,847,000,000 | -2,215,000,000 | -1,516,000,000 | -1,240,000,000 | -1,271,000,000 | -578,000,000 | -665,000,000 | -1,876,000,000 | -422,000,000 | 454,000,000 | -1,476,000,000 | 617,000,000 | -209,000,000 | -19,000,000 |
cash flows from investing activities | -10,176,000,000 | -5,357,000,000 | -5,465,000,000 | -10,244,000,000 | -5,939,000,000 | ||||||||||||||
proceeds from the sale/maturity/prepayment of: | |||||||||||||||||||
fixed maturities, available-for-sale | 15,183,000,000 | 14,506,000,000 | 10,413,000,000 | 9,340,000,000 | 10,959,000,000 | 19,220,000,000 | 14,938,000,000 | 14,107,000,000 | 10,794,000,000 | 11,354,000,000 | 10,509,000,000 | 11,056,000,000 | 11,178,000,000 | 11,972,000,000 | 10,215,000,000 | 14,396,000,000 | 14,240,000,000 | 15,809,000,000 | 14,037,000,000 |
fixed maturities, trading | 876,000,000 | 1,261,000,000 | 1,445,000,000 | 322,000,000 | 1,123,000,000 | 894,000,000 | 606,000,000 | 1,328,000,000 | 570,000,000 | 697,000,000 | 518,000,000 | 118,000,000 | 226,000,000 | 220,000,000 | 215,000,000 | 676,000,000 | 530,000,000 | 1,269,000,000 | 216,000,000 |
assets supporting experience-rated contractholder liabilities | 336,000,000 | 263,000,000 | 360,000,000 | 247,000,000 | 486,000,000 | 302,000,000 | 428,000,000 | 383,000,000 | 361,000,000 | 593,000,000 | 437,000,000 | 491,000,000 | 765,000,000 | 399,000,000 | 776,000,000 | 742,000,000 | 9,493,000,000 | 4,985,000,000 | 4,830,000,000 |
equity securities | 1,778,000,000 | 2,237,000,000 | 883,000,000 | 2,277,000,000 | 2,344,000,000 | 1,263,000,000 | 1,435,000,000 | 826,000,000 | 2,266,000,000 | 1,111,000,000 | 2,045,000,000 | 642,000,000 | 550,000,000 | 627,000,000 | 535,000,000 | 991,000,000 | 1,544,000,000 | 827,000,000 | 1,197,000,000 |
commercial mortgage and other loans | 1,709,000,000 | 2,361,000,000 | 1,739,000,000 | 1,715,000,000 | 1,947,000,000 | 1,879,000,000 | 899,000,000 | 1,349,000,000 | 1,339,000,000 | 1,263,000,000 | 1,037,000,000 | 830,000,000 | 855,000,000 | 1,286,000,000 | 1,290,000,000 | 1,667,000,000 | 1,337,000,000 | 3,861,000,000 | 1,767,000,000 |
policy loans | 456,000,000 | 459,000,000 | 431,000,000 | 495,000,000 | 461,000,000 | 480,000,000 | 462,000,000 | 592,000,000 | 438,000,000 | 487,000,000 | 439,000,000 | 420,000,000 | 460,000,000 | 460,000,000 | 409,000,000 | 399,000,000 | 470,000,000 | 428,000,000 | 500,000,000 |
other invested assets | 995,000,000 | 692,000,000 | 573,000,000 | 643,000,000 | 876,000,000 | 553,000,000 | 575,000,000 | 297,000,000 | 511,000,000 | 463,000,000 | 265,000,000 | 283,000,000 | 249,000,000 | 362,000,000 | 272,000,000 | 674,000,000 | 481,000,000 | 821,000,000 | 832,000,000 |
short-term investments | 9,596,000,000 | 9,652,000,000 | 9,942,000,000 | 8,374,000,000 | 5,258,000,000 | 10,221,000,000 | 7,152,000,000 | 8,006,000,000 | 7,937,000,000 | 8,487,000,000 | 9,132,000,000 | 8,684,000,000 | 6,381,000,000 | 10,534,000,000 | 9,503,000,000 | 10,130,000,000 | 10,486,000,000 | 8,004,000,000 | 8,694,000,000 |
payments for the purchase/origination of: | |||||||||||||||||||
cash flows from financing activities | 5,440,000,000 | 4,398,000,000 | 5,499,000,000 | 4,543,000,000 | 516,000,000 | ||||||||||||||
policyholders’ account deposits | 9,869,000,000 | 9,542,000,000 | 10,407,000,000 | 10,947,000,000 | 8,993,000,000 | 8,256,000,000 | 10,126,000,000 | 8,962,000,000 | 8,569,000,000 | 7,831,000,000 | 7,288,000,000 | 6,655,000,000 | 6,747,000,000 | 7,986,000,000 | 8,139,000,000 | 5,989,000,000 | 7,980,000,000 | 8,213,000,000 | 8,400,000,000 |
policyholders’ account withdrawals | -5,712,000,000 | -5,372,000,000 | -5,433,000,000 | -4,846,000,000 | -4,600,000,000 | -5,218,000,000 | -4,681,000,000 | -4,825,000,000 | -4,664,000,000 | -4,661,000,000 | -4,855,000,000 | -4,199,000,000 | -4,592,000,000 | -5,937,000,000 | -5,448,000,000 | -5,515,000,000 | -7,249,000,000 | -7,096,000,000 | -6,556,000,000 |
net change in securities sold under agreements to repurchase and cash collateral for loaned securities | 1,583,000,000 | -236,000,000 | 1,162,000,000 | 316,000,000 | 639,000,000 | 491,000,000 | 1,948,000,000 | 437,000,000 | 1,008,000,000 | 919,000,000 | 309,000,000 | -1,287,000,000 | -97,000,000 | -1,399,000,000 | 341,000,000 | -109,000,000 | -374,000,000 | 152,000,000 | 295,000,000 |
cash dividends paid on common stock | -502,000,000 | -475,000,000 | -479,000,000 | -481,000,000 | -491,000,000 | -467,000,000 | -469,000,000 | -472,000,000 | -483,000,000 | -455,000,000 | -458,000,000 | -460,000,000 | -473,000,000 | -446,000,000 | -450,000,000 | -455,000,000 | -466,000,000 | -440,000,000 | -448,000,000 |
net change in financing arrangements | 1,000,000 | -102,000,000 | 395,000,000 | -110,000,000 | 266,000,000 | -47,000,000 | -40,000,000 | 15,000,000 | -511,000,000 | 87,000,000 | -80,000,000 | -35,000,000 | 38,000,000 | 31,000,000 | 13,000,000 | -263,000,000 | 5,000,000 | 189,000,000 | 35,000,000 |
common stock acquired | -246,000,000 | -254,000,000 | -250,000,000 | -250,000,000 | -246,000,000 | -254,000,000 | -253,000,000 | -251,000,000 | -242,000,000 | -258,000,000 | -250,000,000 | -253,000,000 | -251,000,000 | -375,000,000 | -375,000,000 | -374,000,000 | -364,000,000 | -403,000,000 | -859,000,000 |
common stock reissued for exercise of stock options | 29,000,000 | 25,000,000 | 27,000,000 | 29,000,000 | 28,000,000 | 59,000,000 | 49,000,000 | 46,000,000 | 47,000,000 | 35,000,000 | 28,000,000 | 35,000,000 | 28,000,000 | 35,000,000 | 29,000,000 | 30,000,000 | 69,000,000 | 50,000,000 | 37,000,000 |
proceeds from the issuance of debt | 105,000,000 | 124,000,000 | 161,000,000 | 69,000,000 | 841,000,000 | 120,000,000 | 145,000,000 | 139,000,000 | 1,019,000,000 | 54,000,000 | 167,000,000 | 0 | 495,000,000 | 168,000,000 | 1,514,000,000 | 0 | 1,024,000,000 | 195,000,000 | 2,000,000 |
repayments of debt | -560,000,000 | 0 | -352,000,000 | -1,003,000,000 | -191,000,000 | -2,000,000 | -62,000,000 | -211,000,000 | -539,000,000 | -34,000,000 | -344,000,000 | -1,575,000,000 | -29,000,000 | -3,000,000 | -1,057,000,000 | -64,000,000 | -60,000,000 | -541,000,000 | -994,000,000 |
proceeds from notes issued by consolidated vies | 627,000,000 | 1,068,000,000 | 304,000,000 | 185,000,000 | 7,000,000 | 613,000,000 | 641,000,000 | 23,000,000 | 159,000,000 | 876,000,000 | 417,000,000 | 8,000,000 | 59,000,000 | ||||||
effect of foreign exchange rate changes on cash balances | -28,000,000 | -135,000,000 | 42,000,000 | 114,000,000 | 56,000,000 | -149,000,000 | 263,000,000 | -141,000,000 | -227,000,000 | 257,000,000 | -77,000,000 | -148,000,000 | 5,000,000 | 287,000,000 | -129,000,000 | -231,000,000 | -86,000,000 | -57,000,000 | -35,000,000 |
net increase in cash, cash equivalents, restricted cash and restricted cash equivalents | -3,756,000,000 | 2,225,000,000 | 823,000,000 | 597,000,000 | -2,416,000,000 | -1,708,000,000 | 3,097,000,000 | -1,625,000,000 | -707,000,000 | 2,534,000,000 | 2,235,000,000 | -2,779,000,000 | 174,000,000 | -2,853,000,000 | 5,738,000,000 | 278,000,000 | 1,202,000,000 | -2,719,000,000 | 458,000,000 |
cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year | 19,749,000,000 | 0 | 0 | 0 | 18,520,000,000 | 0 | 0 | 0 | 19,463,000,000 | 0 | 0 | 0 | 17,299,000,000 | 0 | 0 | 0 | 12,934,000,000 | 0 | 0 |
cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | 15,993,000,000 | 823,000,000 | 597,000,000 | 16,104,000,000 | 3,097,000,000 | -1,625,000,000 | 18,756,000,000 | 2,235,000,000 | -2,779,000,000 | 17,473,000,000 | 5,738,000,000 | 278,000,000 | 14,136,000,000 | 458,000,000 | |||||
goodwill impairment | |||||||||||||||||||
fixed maturities, held-to-maturity | 0 | 5,000,000 | 10,000,000 | 7,000,000 | 14,000,000 | 7,000,000 | 8,000,000 | 9,000,000 | 84,000,000 | 11,000,000 | |||||||||
repayments of notes issued by consolidated vies | -252,000,000 | -224,000,000 | -392,000,000 | 0 | -1,000,000 | -297,000,000 | -21,000,000 | -2,000,000 | -16,000,000 | ||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents, end of year | |||||||||||||||||||
cash flows from (used in) investing activities | -5,700,000,000 | -3,098,000,000 | -3,303,000,000 | -3,376,000,000 | -1,022,000,000 | -3,735,000,000 | 495,000,000 | ||||||||||||
cash flows from (used in) financing activities | 7,429,000,000 | 4,272,000,000 | 2,129,000,000 | 858,000,000 | 2,611,000,000 | 1,038,000,000 | 426,000,000 | ||||||||||||
dispositions, net of cash disposed | 0 | 0 | 0 | 0 | |||||||||||||||
net increase in cash, cash equivalents, restricted cash and restricted cash equivalents including balances classified as held-for-sale | 2,534,000,000 | 2,235,000,000 | -2,779,000,000 | 174,000,000 | -2,853,000,000 | 5,738,000,000 | -1,427,000,000 | 836,000,000 | -2,147,000,000 | ||||||||||
net change in cash balances classified as held-for-sale | 0 | 0 | -1,705,000,000 | -366,000,000 | 572,000,000 | ||||||||||||||
realized investment (gains) losses | 1,844,000,000 | 492,000,000 | -217,000,000 | 1,392,000,000 | 514,000,000 | 1,147,000,000 | 316,000,000 | ||||||||||||
change in value of market risk benefits, net of related hedging (gains) losses | 146,000,000 | -216,000,000 | -75,000,000 | ||||||||||||||||
(gains) losses on assets supporting experience-rated contractholder liabilities | 166,000,000 | -77,000,000 | -134,000,000 | 28,000,000 | 20,000,000 | 108,000,000 | 972,000,000 | ||||||||||||
acquisitions, net of cash acquired | |||||||||||||||||||
non-cash transactions during the period | |||||||||||||||||||
treasury stock shares issued for stock-based compensation programs | |||||||||||||||||||
significant pension risk transfer transactions: | |||||||||||||||||||
assets received, excluding cash and cash equivalents | |||||||||||||||||||
liabilities assumed | |||||||||||||||||||
net cash received | |||||||||||||||||||
reconciliation to the unaudited interim consolidated statements of financial position | |||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||
restricted cash and restricted cash equivalents | |||||||||||||||||||
total cash, cash equivalents, restricted cash and restricted cash equivalents | |||||||||||||||||||
conversion of surplus notes into common stock | |||||||||||||||||||
net increase in cash, cash equivalents restricted cash and restricted cash equivalents | |||||||||||||||||||
cash, cash equivalents restricted cash and restricted cash equivalents, beginning of year | |||||||||||||||||||
cash, cash equivalents restricted cash and restricted cash equivalents, end of period | |||||||||||||||||||
reconciliation to statement of financial position | |||||||||||||||||||
total cash, cash equivalents restricted cash and restricted cash equivalents | |||||||||||||||||||
acquisition of business, net of cash acquired | |||||||||||||||||||
net increase in cash, cash equivalents restricted cash and restricted cash equivalent | |||||||||||||||||||
cash, cash equivalents restricted cash and restricted cash equivalent, beginning of year | |||||||||||||||||||
cash, cash equivalents restricted cash and restricted cash equivalent, end of period | |||||||||||||||||||
acquisition: | |||||||||||||||||||
assets acquired, excluding cash and cash equivalents | |||||||||||||||||||
net cash paid on acquisition | |||||||||||||||||||
(gains) losses on trading account assets supporting insurance liabilities | |||||||||||||||||||
trading account assets supporting insurance liabilities and other trading account assets | |||||||||||||||||||
equity securities, available-for-sale | |||||||||||||||||||
other long-term investments | |||||||||||||||||||
class b stock acquired | |||||||||||||||||||
excess tax benefits from share-based payment arrangements | |||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||
cash and cash equivalents, end of period | |||||||||||||||||||
other trading account assets | |||||||||||||||||||
assets acquired, excluding cash and cash equivalents acquired | |||||||||||||||||||
net cash paid | |||||||||||||||||||
cash dividends paid on class b stock | |||||||||||||||||||
acquisition of business, net of cash acquired. | |||||||||||||||||||
gains on trading account assets supporting insurance liabilities | |||||||||||||||||||
acquisition of gibraltar bsn life berhad: | |||||||||||||||||||
noncontrolling interest assumed | |||||||||||||||||||
cash flows used in investing activities | |||||||||||||||||||
acquisition of gibraltar bsn life berhad | |||||||||||||||||||
acquisition of the hartford’s individual life business | |||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||
acquisition of uniasia life assurance berhad | |||||||||||||||||||
acquisitions, net of cash acquired. | |||||||||||||||||||
change in bank deposits | |||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||
income taxes paid, net of refunds | |||||||||||||||||||
interest paid | |||||||||||||||||||
non-cash transactions during the year | |||||||||||||||||||
federal home loan bank of new york debt reissued as funding agreements and reported as policyholder account balances | |||||||||||||||||||
assets received and related liabilities recorded from two significant pension risk transfer transactions |
