v3.26.1
Segment Information (Reconciliation of Adjusted Operating Income and Net Income (Loss)) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest $ 1,178 $ 740 $ 1,911 $ 1,660
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) [1] 6,880 6,982 15,242 13,982
Insurance Commissions and Fees 1,247 1,249 2,379 2,406
Net Investment Income 5,783 5,226 11,448 10,356
Asset management fees, commissions and other income 1,751 269 2,118 452
Revenues 15,661 13,726 31,187 27,196
Policyholders’ benefits [1] 7,751 8,181 17,284 16,321
Interest credited to policyholders’ account balances 1,974 1,138 3,083 1,963
Amortization of deferred policy acquisition costs [1] 430 407 841 814
Total benefits and expenses 14,483 12,986 29,276 25,536
Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 1,827 1,665 3,453 3,185
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 6,325 6,426 14,163 12,872
Insurance Commissions and Fees 1,138 1,070 2,246 2,178
Net Investment Income 5,152 4,600 10,160 9,119
Asset management fees, commissions and other income 1,540 1,410 2,820 2,749
Revenues 14,155 13,506 29,389 26,918
Policyholders’ benefits 6,978 7,185 15,675 14,512
Interest credited to policyholders’ account balances 1,380 1,135 2,684 2,218
Interest expense 541 526 1,080 1,048
Capitalization (635) (689) (1,259) (1,373)
Amortization of deferred policy acquisition costs 418 392 815 768
Operating Expenses 1,734 1,634 3,463 3,258
Variable Expenses 1,550 1,548 3,059 3,189
Other Expenses 362 110 419 113
Total benefits and expenses 12,328 11,841 25,936 23,733
Segment Reconciling Items, Realized Investment Gains (Losses) And Related Charges And Adjustments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (655) (516) (1,276) (762)
Segment Reconciling Items, Change In Value Of Market Risk Benefits, Net Of Related Hedging Gains (Losses) [Member]        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (71) (426) (366) (777)
Segment Reconciling Items, Market Experience Updates [Member]        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (20) 42 (5) 81
Segment Reconciling Items, Closed Block Division        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (12) (18) (23) (40)
Segment Reconciling Items, Other Divested And Run-Off Business        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 135 12 199 (39)
Segment Reconciling Items, Operating Joint Ventures And Noncontrolling Interests        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (25) (18) (67) (15)
Other adjustments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (1) (1) (4) 27
Total Reconciling Items        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (649) (925) (1,542) (1,525)
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 555 556 1,079 1,110
Insurance Commissions and Fees 109 179 133 228
Net Investment Income 631 626 1,288 1,237
Asset management fees, commissions and other income 211 (1,141) (702) (2,297)
Revenues 1,506 220 1,798 278
Retirement        
Segment Reporting [Line Items]        
Interest credited to policyholders’ account balances     1,044 888
Capitalization     (352) (491)
Amortization of deferred policy acquisition costs     172 150
International Businesses        
Segment Reporting [Line Items]        
Interest credited to policyholders’ account balances     1,359 686
Capitalization     (505) (603)
Amortization of deferred policy acquisition costs     360 344
Corporate and Other | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (279) (280) (609) (695)
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) (5) (7) (10) (16)
Insurance Commissions and Fees (17) (15) (32) (30)
Net Investment Income 345 330 646 660
Asset management fees, commissions and other income (178) (252) (502) (575)
Revenues 145 56 102 39
Policyholders’ benefits (4) (1) (7) (9)
Interest credited to policyholders’ account balances 2 12 6 24
Interest expense 217 215 433 422
Capitalization 33 39 65 72
Amortization of deferred policy acquisition costs (16) (15) (33) (31)
Operating Expenses 188 107 274 262
Variable Expenses 4 (21) (27) (6)
Other Expenses 0 0 0 0
Total benefits and expenses 424 336 711 734
PGIM Division | PGIM | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 294 229 484 385
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 0 0 0 0
Insurance Commissions and Fees 0 0 0 0
Net Investment Income 73 59 107 79
Asset management fees, commissions and other income 1,034 984 2,040 1,949
Revenues 1,107 1,043 2,147 2,028
Policyholders’ benefits 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
Interest expense 24 24 49 45
Capitalization 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Operating Expenses 469 477 994 981
Variable Expenses 320 313 620 617
Other Expenses 0 0 0 0
Total benefits and expenses 813 814 1,663 1,643
U.S. Businesses Division | Retirement | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 392 397 964 923
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 1,952 2,127 5,197 3,873
Insurance Commissions and Fees 33 25 64 55
Net Investment Income 2,096 1,819 4,181 3,577
Asset management fees, commissions and other income 92 105 188 236
Revenues 4,173 4,076 9,630 7,741
Policyholders’ benefits 2,642 2,809 6,577 5,249
Interest credited to policyholders’ account balances 690 512 1,338 986
Interest expense 7 9 18 24
Capitalization (177) (206) (351) (414)
Amortization of deferred policy acquisition costs 89 68 168 132
Operating Expenses 145 138 290 275
Variable Expenses 232 226 448 468
Other Expenses 153 123 178 98
Total benefits and expenses 3,781 3,679 8,666 6,818
U.S. Businesses Division | Group Insurance | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 155 125 193 214
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 1,360 1,349 2,750 2,745
Insurance Commissions and Fees 178 184 364 381
Net Investment Income 146 133 284 267
Asset management fees, commissions and other income 24 21 44 42
Revenues 1,708 1,687 3,442 3,435
Policyholders’ benefits 1,208 1,230 2,526 2,526
Interest credited to policyholders’ account balances 32 32 65 67
Interest expense 4 5 9 10
Capitalization (25) (4) (25) (4)
Amortization of deferred policy acquisition costs 2 4 4 6
Operating Expenses 199 186 405 380
Variable Expenses 136 109 268 236
Other Expenses (3) 0 (3) 0
Total benefits and expenses 1,553 1,562 3,249 3,221
U.S. Businesses Division | Individual Life | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 176 82 315 134
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 232 232 466 469
Insurance Commissions and Fees 460 354 891 784
Net Investment Income 377 348 745 708
Asset management fees, commissions and other income 92 80 180 164
Revenues 1,161 1,014 2,282 2,125
Policyholders’ benefits 448 418 901 931
Interest credited to policyholders’ account balances 163 143 310 289
Interest expense 104 102 209 213
Capitalization (222) (209) (438) (399)
Amortization of deferred policy acquisition costs 111 104 219 210
Operating Expenses 110 156 225 265
Variable Expenses 269 247 538 495
Other Expenses 2 (29) 3 (13)
Total benefits and expenses 985 932 1,967 1,991
U.S. Businesses Division | U.S. Legacy Products | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 234 351 441 615
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 31 16 56 35
Insurance Commissions and Fees 370 430 728 808
Net Investment Income 472 460 947 908
Asset management fees, commissions and other income 297 325 577 662
Revenues 1,170 1,231 2,308 2,413
Policyholders’ benefits 322 284 656 589
Interest credited to policyholders’ account balances 68 67 126 136
Interest expense 179 170 353 334
Capitalization (4) (12) (7) (25)
Amortization of deferred policy acquisition costs 53 57 105 112
Operating Expenses 88 103 177 192
Variable Expenses 213 228 436 470
Other Expenses 17 (17) 21 (10)
Total benefits and expenses 936 880 1,867 1,798
International Businesses | International Businesses | Operating Segments        
Segment Reporting [Line Items]        
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 855 761 1,665 1,609
Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively) 2,755 2,709 5,704 5,766
Insurance Commissions and Fees 114 92 231 180
Net Investment Income 1,643 1,451 3,250 2,920
Asset management fees, commissions and other income 179 147 293 271
Revenues 4,691 4,399 9,478 9,137
Policyholders’ benefits 2,362 2,445 5,022 5,226
Interest credited to policyholders’ account balances 425 369 839 716
Interest expense 6 1 9 0
Capitalization (240) (297) (503) (603)
Amortization of deferred policy acquisition costs 179 174 352 339
Operating Expenses 535 467 1,098 903
Variable Expenses 376 446 776 909
Other Expenses 193 33 220 38
Total benefits and expenses $ 3,836 $ 3,638 $ 7,813 $ 7,528
[1] See Note 20 for additional information regarding related party transactions.