v3.25.2
Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Premiums (includes $97, $(14), $98 and $(9) of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2025 and 2024 and the six months ended June 30, 2025 and 2024, respectively) [1] $ 6,982 $ 7,820 $ 13,982 $ 23,357
Policy charges and fee income 1,249 1,085 2,406 2,141
Net Investment Income 5,226 4,849 10,356 9,613
Asset management and service fees [1] 982 1,001 1,966 2,000
Other income (loss) [1] 1,412 591 1,692 1,929
Realized investment gains (losses), net (1,699) [1] (166) [1] (2,429) [2] (474) [1]
Change in value of market risk benefits, net of related hedging gains (losses) (426) (297) (777) (174)
Total revenues 13,726 14,883 27,196 38,392
BENEFITS AND EXPENSES        
Policyholders’ benefits [1] 8,181 8,864 16,321 25,458
Change in estimates of liability for future policy benefits [1] (175) (176) (225) (193)
Interest credited to policyholders’ account balances 1,138 1,102 1,963 2,385
Dividends to policyholders 259   404 466
Dividends to policyholders   176    
Amortization of deferred policy acquisition costs [1] 407 375 814 750
General and administrative expenses [1] 3,176 3,127 6,259 6,721
Total benefits and expenses 12,986 13,468 25,536 35,587
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 740 1,415 1,660 2,805
Total income tax expense (benefit) 195 264 402 553
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 545 1,151 1,258 2,252
Equity in earnings of joint ventures and other operating entities, net of taxes 21 20 50 70
NET INCOME (LOSS) 566 1,171 1,308 2,322
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 33 (27) 68 (14)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 533 $ 1,198 $ 1,240 $ 2,336
Basic earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.49 $ 3.30 $ 3.46 $ 6.43
Diluted earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.48 $ 3.28 $ 3.44 $ 6.40
[1] See Note 20 for additional information regarding related party transactions.
[2] See Note 20 for additional information regarding related party transactions.