v3.26.1
Segment Information (Reconciliation of Adjusted Operating Income and Net Income (Loss)) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest $ 733 $ 920
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) [1] 8,362 7,000
Insurance Commissions and Fees 1,132 1,157
Net Investment Income 5,665 5,130
Asset management fees, commissions and other income 367 183
Revenues 15,526 13,470
Policyholders’ benefits [1] 9,533 8,140
Interest credited to policyholders’ account balances 1,109 825
Amortization of deferred policy acquisition costs [1] 411 407
Total benefits and expenses 14,793 12,550
Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 1,626 1,520
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 7,838 6,446
Insurance Commissions and Fees 1,108 1,108
Net Investment Income 5,008 4,519
Asset management fees, commissions and other income 1,280 1,339
Revenues 15,234 13,412
Policyholders’ benefits 8,697 7,327
Interest credited to policyholders’ account balances 1,304 1,083
Interest expense 539 522
Capitalization (624) (684)
Amortization of deferred policy acquisition costs 397 376
Operating Expenses 1,729 1,624
Variable Expenses 1,509 1,641
Other Expenses 57 3
Total benefits and expenses 13,608 11,892
Segment Reconciling Items, Realized Investment Gains (Losses) And Related Charges And Adjustments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (621) (246)
Segment Reconciling Items, Change In Value Of Market Risk Benefits, Net Of Related Hedging Gains (Losses) [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (295) (351)
Segment Reconciling Items, Market Experience Updates [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 15 39
Segment Reconciling Items, Closed Block Division    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (11) (22)
Segment Reconciling Items, Other Divested And Run-Off Business    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 64 (51)
Segment Reconciling Items, Operating Joint Ventures And Noncontrolling Interests    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (42) 3
Other adjustments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (3) 28
Total Reconciling Items    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (893) (600)
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 524 554
Insurance Commissions and Fees 24 49
Net Investment Income 657 611
Asset management fees, commissions and other income (913) (1,156)
Revenues 292 58
Retirement    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Interest credited to policyholders’ account balances 539 404
Capitalization (174) (306)
Amortization of deferred policy acquisition costs 81 82
International Businesses    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Interest credited to policyholders’ account balances 281 92
Capitalization (263) (305)
Amortization of deferred policy acquisition costs 178 169
Corporate and Other | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (330) (415)
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) (5) (9)
Insurance Commissions and Fees (15) (15)
Net Investment Income 301 330
Asset management fees, commissions and other income (324) (323)
Revenues (43) (17)
Policyholders’ benefits (3) (8)
Interest credited to policyholders’ account balances 4 12
Interest expense 216 207
Capitalization 32 33
Amortization of deferred policy acquisition costs (17) (16)
Operating Expenses 86 155
Variable Expenses (31) 15
Other Expenses 0 0
Total benefits and expenses 287 398
PGIM Division | PGIM | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 190 156
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 0 0
Insurance Commissions and Fees 0 0
Net Investment Income 34 20
Asset management fees, commissions and other income 1,006 965
Revenues 1,040 985
Policyholders’ benefits 0 0
Interest credited to policyholders’ account balances 0 0
Interest expense 25 21
Capitalization 0 0
Amortization of deferred policy acquisition costs 0 0
Operating Expenses 525 504
Variable Expenses 300 304
Other Expenses 0 0
Total benefits and expenses 850 829
U.S. Businesses Division | Retirement | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 572 526
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 3,245 1,746
Insurance Commissions and Fees 31 30
Net Investment Income 2,085 1,758
Asset management fees, commissions and other income 96 131
Revenues 5,457 3,665
Policyholders’ benefits 3,935 2,440
Interest credited to policyholders’ account balances 648 474
Interest expense 11 15
Capitalization (174) (208)
Amortization of deferred policy acquisition costs 79 64
Operating Expenses 145 137
Variable Expenses 216 242
Other Expenses 25 (25)
Total benefits and expenses 4,885 3,139
U.S. Businesses Division | Group Insurance | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 38 89
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 1,390 1,396
Insurance Commissions and Fees 186 197
Net Investment Income 138 134
Asset management fees, commissions and other income 20 21
Revenues 1,734 1,748
Policyholders’ benefits 1,318 1,296
Interest credited to policyholders’ account balances 33 35
Interest expense 5 5
Capitalization 0 0
Amortization of deferred policy acquisition costs 2 2
Operating Expenses 206 194
Variable Expenses 132 127
Other Expenses 0 0
Total benefits and expenses 1,696 1,659
U.S. Businesses Division | Individual Life | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 139 52
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 234 237
Insurance Commissions and Fees 431 430
Net Investment Income 368 360
Asset management fees, commissions and other income 88 84
Revenues 1,121 1,111
Policyholders’ benefits 453 513
Interest credited to policyholders’ account balances 147 146
Interest expense 105 111
Capitalization (216) (190)
Amortization of deferred policy acquisition costs 108 106
Operating Expenses 115 109
Variable Expenses 269 248
Other Expenses 1 16
Total benefits and expenses 982 1,059
U.S. Businesses Division | U.S. Legacy Products | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 207 264
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 25 19
Insurance Commissions and Fees 358 378
Net Investment Income 475 448
Asset management fees, commissions and other income 280 337
Revenues 1,138 1,182
Policyholders’ benefits 334 305
Interest credited to policyholders’ account balances 58 69
Interest expense 174 164
Capitalization (3) (13)
Amortization of deferred policy acquisition costs 52 55
Operating Expenses 89 89
Variable Expenses 223 242
Other Expenses 4 7
Total benefits and expenses 931 918
International Businesses | International Businesses | Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 810 848
Premiums (includes $5 and $1 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended March 31, 2026 and 2025, respectively) 2,949 3,057
Insurance Commissions and Fees 117 88
Net Investment Income 1,607 1,469
Asset management fees, commissions and other income 114 124
Revenues 4,787 4,738
Policyholders’ benefits 2,660 2,781
Interest credited to policyholders’ account balances 414 347
Interest expense 3 (1)
Capitalization (263) (306)
Amortization of deferred policy acquisition costs 173 165
Operating Expenses 563 436
Variable Expenses 400 463
Other Expenses 27 5
Total benefits and expenses $ 3,977 $ 3,890
[1] See Note 20 for additional information regarding related party transactions.