PRUDENTIAL FINANCIAL INC PRU
Prudential Financial, Inc. ("Prudential Financial" or "PFI"), a global financial services leader and premier active global investment manager with approximately $1.609 trillion of assets under management as of December 31, 2025, has operations in the United States, Asia, Europe and Latin America. Through our subsidiaries and affiliates we offer a wide array of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds and investment management. We offer these products and services to individual and institutional customers through proprietary and third-party distribution networks. Our principal executive offices are located in Newark, New Jersey, and Prudential Financial's Common Stock is publicly traded on the New York Stock Exchange under the ticker symbol "PRU."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.77B | $70.41B | $53.98B | $56.88B | $71.25B | $57.03B | $64.81B | $62.99B | $59.69B | $58.78B |
| SG&A | $13.01B | $13.34B | $12.95B | $12.58B | $13.61B | $13.91B | $13.42B | $11.95B | $11.91B | $11.78B |
| Total operating expenses | $35.55B | $22.33B | $14.55B | $3.61B | $21.23B | $8.89B | $5.80B | $3.22B | — | — |
| Interest expense | — | $2.03B | $1.76B | $1.60B | $1.48B | $1.56B | $1.55B | $1.42B | $1.33B | $1.32B |
| Pre-tax income | $4.66B | $3.21B | $3.07B | -$1.89B | $10.84B | -$323.0M | $5.08B | $4.83B | $6.49B | $5.71B |
| Income tax | $1.05B | $507.0M | $613.0M | $279.0M | $2.00B | $81.0M | $947.0M | $822.0M | $1.44B | $1.33B |
| Net income | $3.58B | $2.73B | $2.49B | -$1.65B | $8.87B | -$374.0M | $4.19B | $4.07B | $7.86B | $4.37B |
| EPS, basic | 10.05 | 7.54 | 6.76 | -4.49 | 22.56 | -1.00 | 10.23 | 9.64 | 18.19 | 9.85 |
| EPS, diluted | 9.99 | 7.50 | 6.74 | -4.49 | 22.40 | -1.00 | 10.11 | 9.50 | 17.86 | 9.71 |
| Shares, diluted (wtd. avg.) | 353.7M | 359.3M | 364.6M | 372.3M | 390.1M | 395.8M | 410.9M | 426.2M | 436.0M | 446.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $19.71B | $18.50B | $19.42B | $17.30B | $12.93B | $13.86B | $16.47B | $15.49B | $14.54B | $14.18B |
| Short-term investments | — | — | — | — | — | $7.80B | $5.47B | $6.47B | $6.80B | — |
| Goodwill | $1.09B | $1.05B | $1.07B | $876.0M | $1.80B | $3.04B | $3.01B | $863.0M | $843.0M | $833.0M |
| Other intangibles | $390.0M | $406.0M | $506.0M | $518.0M | $619.0M | $580.0M | $600.0M | $348.0M | $342.0M | $310.0M |
| Total assets | $773.74B | $735.59B | $721.21B | $689.03B | $937.58B | $940.72B | $896.55B | $815.08B | $832.14B | $783.96B |
| Short-term debt | $1.44B | $953.0M | $618.0M | $775.0M | $722.0M | $925.0M | $1.93B | $2.45B | $1.38B | $1.13B |
| Long-term debt | $18.86B | $19.19B | $18.88B | $19.91B | $18.62B | $19.72B | $18.65B | $17.38B | $17.17B | $18.04B |
| Total liabilities | $738.16B | $705.46B | $691.34B | $657.11B | $874.97B | $872.51B | $832.83B | $766.05B | $777.62B | $737.87B |
| Retained earnings | $34.83B | $33.19B | $32.35B | $31.71B | $36.65B | $30.75B | $32.99B | $30.47B | $28.67B | $21.95B |
| Total equity | $32.44B | $27.87B | $28.11B | $30.93B | $29.98B | $68.21B | $63.72B | $49.03B | $54.51B | $46.26B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.27B | $8.50B | $6.51B | $5.16B | $9.81B | $8.37B | $19.62B | $21.66B | $13.46B | $14.88B |
| Depreciation and amortisation | $128.0M | $383.0M | — | $117.0M | $206.0M | $457.0M | $460.0M | $161.0M | $222.0M | $318.0M |
| Investing cash flow | -$25.89B | -$28.59B | -$12.12B | -$7.64B | -$5.34B | -$16.21B | -$17.03B | -$21.63B | -$11.96B | -$21.69B |
| Financing cash flow | $20.77B | $19.39B | $7.74B | $4.93B | -$3.01B | $4.88B | -$1.63B | $781.0M | -$1.26B | $3.20B |
| Dividends paid | $1.93B | $1.89B | $1.85B | $1.82B | $1.81B | $1.77B | $1.64B | $1.52B | $1.30B | $1.30B |
| Buybacks | $1.00B | $1.00B | $1.01B | $1.49B | $2.50B | $500.0M | $2.50B | $1.50B | $1.25B | $2.00B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001137774-26-000048.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.78B | $59.69B | $62.99B | $64.81B | $57.03B | $71.25B | $56.88B | $53.98B | $70.41B | $60.77B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.37B | $7.86B | $4.07B | $4.19B | -$374.0M | $8.87B | -$1.65B | $2.49B | $2.73B | $3.58B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| GL | GLOBE LIFE INC. | $11.90B | 11.0x | 3.7% |
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| PRI | Primerica, Inc. | $8.45B | 12.0x | 6.6% |
| LNC | LINCOLN NATIONAL CORP | $7.63B | 6.8x | -1.2% |