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Prudential Financial, Inc., together with its subsidiaries, provides financial products and services in the United States, Japan and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. The PGIM segment offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its insurance and retirement businesses. The Retirement Strategies segment provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; group annuities and other products; international reinsurance; investment only products; and FlexGuard suite, Fixed annuities, and variable annuities, as well as develops and distributes individual variable and fixed annuity products. The Group Insurance segment offers various group life, and long-term and short-term group disability, as well as group corporate-, bank-, and trust-owned life insurance; and supplemental health solutions including accident, critical illness, and hospital indemnity. The Individual Life segment develops and distributes variable life, universal life, and term life insurance products. The International Businesses segment develops and distributes life insurance, retirement products, investment products, and certain accident and health products. The company provides its products and services to individual and institutional customers through its proprietary and third-party distribution networks, financial professionals, and trusted partnerships. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $61.0B | - | $3.6B | $6.3B | 11.0% | -13.7% | 31.1% |
| 2024 | $70.7B | - | $2.7B | $8.5B | 9.8% | 30.2% | 9.6% |
| 2023 | $54.3B | - | $2.5B | $6.5B | 8.9% | -4.8% | -251.1% |
| 2022 | $57.0B | - | $-1.6B | $5.2B | -5.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 56,986 | 54,265 | 70,675 | 60,967 |
| Operating Revenue | - | 56,986 | 54,265 | 70,675 | 60,967 |
| Selling General And Administration | - | 12,576 | 12,951 | 13,342 | 13,012 |
| Total Expenses | - | 58,878 | 51,193 | 67,466 | 56,310 |
| Other Income Expense | - | 608 | 4,065 | 3,037 | 4,426 |
| Pretax Income | - | -1,892 | 3,072 | 3,209 | 4,656 |
| Tax Provision | - | -279 | 613 | 507 | 1,053 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -132.74 | -35.40 | 0 | 0 |
| Net Income Continuous Operations | - | -1,675 | 2,508 | 2,846 | 3,732 |
| Net Income From Continuing And Discontinued Operation | - | -1,647 | 2,488 | 2,727 | 3,576 |
| Net Income From Continuing Operation Net Minority Interest | - | -1,647 | 2,488 | 2,727 | 3,576 |
| Net Income | - | -1,647 | 2,488 | 2,727 | 3,576 |
| Net Income Common Stockholders | - | -1,672 | 2,459 | 2,695 | 3,535 |
| Net Income Including Noncontrolling Interests | - | -1,675 | 2,508 | 2,846 | 3,732 |
| Normalized Income | - | -876.74 | 2,629.60 | 2,727 | 3,576 |
| Diluted NI Availto Com Stockholders | - | -1,672 | 2,459 | 2,695 | 3,535 |
| Basic Average Shares | - | 372.30 | 363.50 | 357.50 | 351.80 |
| Diluted Average Shares | - | 374.70 | 364.60 | 359.30 | 353.70 |
| Reconciled Depreciation | - | 117 | -70 | 383 | 128 |
| Total Unusual Items | - | -903 | -177 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | -903 | -177 | 0 | 0 |
| Minority Interests | - | 28 | -20 | -119 | -156 |
| Earnings From Equity Interest Net Of Tax | - | -62 | 49 | 144 | 129 |
| Special Income Charges | - | -903 | -177 | 0 | 0 |
| Impairment Of Capital Assets | - | 903 | 177 | 0 | 0 |
| General And Administrative Expense | - | 12,576 | 12,951 | 13,342 | 13,012 |
| Other Gand A | - | 12,576 | 12,951 | 13,342 | 13,012 |
| Other Operating Expenses | - | 105 | 286 | 270 | 192 |
| Otherunder Preferred Stock Dividend | - | 25 | 29 | 32 | 41 |
| Average Dilution Earnings | - | 0 | 0 | 0 | 0 |
| Loss Adjustment Expense | - | 41,470 | 31,268 | 47,082 | 35,327 |
| Net Policyholder Benefits And Claims | - | 41,470 | 31,268 | 47,082 | 35,327 |
| Policyholder Benefits Gross | - | 44,635 | 39,509 | 51,428 | 40,000 |
| Policyholder Benefits Ceded | - | 3,165 | 8,241 | 4,346 | 4,673 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Prudential Financial, Inc.this co. | PRU | $35.9B | 10.15↓ discount | 1.11 | 10.9% | - |
| Ameriprise Financial, Inc. | AMP | $40.9B | 11.48 | 6.25 | 54.4% | - |
| American International Group, Inc. | AIG | $38.9B | 12.58 | 0.95 | 7.5% | - |
| PayPal Holdings, Inc. | PYPL | $37.7B | 7.21 | 1.86 | 25.8% | 4.84 |
| The Hartford Insurance Group, Inc. | HIG |
| - |
| - |
| - |
| - |
| - |
| - |
| $34.9B |
| 9.15 |
| 1.84 |
| 20.1% |
| - |
| Huntington Bancshares Incorporated | HBAN | $33.5B | 15.16 | 1.55 | 10.2% | - |
| M&T Bank Corporation | MTB | $32.5B | 11.39 | 1.23 | 10.8% | - |
| Northern Trust Corporation | NTRS | $32.0B | 18.44 | 2.65 | 14.4% | - |
| Arch Capital Group Ltd. | ACGL | $30.9B | 7.02 | 1.32 | 18.8% | - |
| Peer Median | - | 11.44 | 1.69 | 16.6% | 4.84 | |