v3.26.1
Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
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
Policy charges and fee income 1,247 1,249 2,379 2,406
Net Investment Income 5,783 5,226 11,448 10,356
Asset management and service fees [1] 1,019 982 2,015 1,966
Other income (loss) [1] 2,369 1,412 2,399 1,692
Realized investment gains (losses), net (1,566) [1] (1,699) [1] (1,930) [2] (2,429) [2]
Change in value of market risk benefits, net of related hedging gains (losses) (71) (426) (366) (777)
Total revenues 15,661 13,726 31,187 27,196
BENEFITS AND EXPENSES        
Policyholders’ benefits [1] 7,751 8,181 17,284 16,321
Change in estimates of liability for future policy benefits [1] 513 (175) 552 (225)
Interest credited to policyholders’ account balances 1,974 1,138 3,083 1,963
Dividends to policyholders 478   710 404
Dividends to policyholders   259    
Amortization of deferred policy acquisition costs [1] 430 407 841 814
General and administrative expenses [1] 3,337 3,176 6,806 6,259
Total benefits and expenses 14,483 12,986 29,276 25,536
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 1,178 740 1,911 1,660
Total income tax expense (benefit) 218 195 347 402
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 960 545 1,564 1,258
Equity in earnings of joint ventures and other operating entities, net of taxes 76 21 78 50
NET INCOME (LOSS) 1,036 566 1,642 1,308
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 51 33 60 68
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 985 $ 533 $ 1,582 $ 1,240
Basic earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 2.81 $ 1.49 $ 4.50 $ 3.46
Diluted earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 2.80 $ 1.48 $ 4.48 $ 3.44
[1] See Note 20 for additional information regarding related party transactions.
[2] See Note 20 for additional information regarding related party transactions.