v3.26.1
Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
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
Policy charges and fee income 1,132 1,157
Net Investment Income 5,665 5,130
Asset management and service fees [1] 996 984
Other income (loss) [1] 30 280
Realized investment gains (losses), net [1] (364) (730)
Change in value of market risk benefits, net of related hedging gains (losses) (295) (351)
Total revenues 15,526 13,470
BENEFITS AND EXPENSES    
Policyholders’ benefits [1] 9,533 8,140
Change in estimates of liability for future policy benefits [1] 39 (50)
Interest credited to policyholders’ account balances 1,109 825
Dividends to policyholders 232 145
Amortization of deferred policy acquisition costs [1] 411 407
General and administrative expenses [1] 3,469 3,083
Total benefits and expenses 14,793 12,550
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 733 920
Total income tax expense (benefit) 129 207
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 604 713
Equity in earnings of joint ventures and other operating entities, net of taxes 2 29
NET INCOME (LOSS) 606 742
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 9 35
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 597 $ 707
Basic earnings per share-Common Stock:    
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.69 $ 1.97
Diluted earnings per share-Common Stock:    
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.68 $ 1.96
[1] See Note 20 for additional information regarding related party transactions.