Prudential Financial (PRU) Financials

$102.65 +0.89 (+0.87%)

As of 11:38 AM Eastern

Annual Income Statements for Prudential Financial

This table shows Prudential Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,381	5,642	4,368	7,863	4,074	4,186	-374	8,868	-1,647	2,488	2,727
Consolidated Net Income / (Loss)	1,438	5,712	4,419	7,974	4,088	4,238	-146	8,938	-1,675	2,508	2,846
Net Income / (Loss) Continuing Operations	1,426	5,712	4,419	7,925	4,088	4,138	-146	8,840	-1,675	2,459	2,846
Total Pre-Tax Income	1,759	7,769	5,705	6,487	4,834	5,085	-323	10,835	-1,892	3,072	3,209
Total Revenue	54,105	57,119	58,779	59,689	62,992	64,807	57,033	71,247	56,881	53,979	70,405
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	54,105	57,119	58,779	59,689	62,992	64,807	57,033	71,247	56,881	53,979	70,405
Other Service Charges	7,920	9,744	10,101	10,731	9,060	13,479	12,370	13,298	9,285	12,309	11,425
Net Realized & Unrealized Capital Gains on Investments	16,892	18,854	17,714	16,867	18,153	17,126	13,523	23,999	11,121	14,306	16,083
Premiums Earned	29,293	28,521	30,964	32,091	35,779	34,202	31,140	33,950	36,475	27,364	42,897
Total Non-Interest Expense	52,346	49,350	53,074	53,202	58,158	59,722	57,356	60,412	58,773	50,907	67,196
Property & Liability Insurance Claims	35,850	34,106	37,393	37,616	42,600	41,700	39,597	41,422	43,009	34,914	51,701
Insurance Policy Acquisition Costs	2,716	2,212	2,025	2,091	1,336	2,274	1,625	2,874	198	1,069	698
Current and Future Benefits	-	-	-	-	-	-	-	-35	654	337	-37
Other Operating Expenses	11,807	10,912	11,779	11,915	11,949	13,416	13,913	13,609	12,576	12,951	13,342
Amortization Expense	1,973	2,120	1,877	1,580	2,273	2,332	2,221	1,482	1,433	1,459	1,492
Impairment Charge	-	-	-	-	-	-	0.00	1,060	903	177	0.00
Income Tax Expense	349	2,072	1,335	-1,438	822	947	-81	1,995	-279	613	507
Other Gains / (Losses), net	16	15	49	-	76	-	96	-	-62	-	144
Net Income / (Loss) Attributable to Noncontrolling Interest	57	70	51	111	14	52	228	70	-28	-	119
Basic Earnings per Share	$3.25	$12.37	$9.85	-	$9.64	-	($1.00)	-	($4.49)	-	$7.54
Weighted Average Basic Shares Outstanding	424.90M	451.70M	438.20M	427M	409M	397M	397M	376M	366M	359M	354M
Diluted Earnings per Share	$3.23	$12.17	$9.71	-	$9.50	-	($1.00)	-	($4.49)	-	$7.50
Weighted Average Diluted Shares Outstanding	424.90M	451.70M	438.20M	427M	409M	397M	397M	376M	366M	359M	354M
Weighted Average Basic & Diluted Shares Outstanding	424.90M	451.70M	438.20M	427M	409M	397M	397M	376M	366M	359M	354M
Cash Dividends to Common per Share	$2.17	$2.44	$2.80	$3.00	$3.60	$4.00	$4.40	$4.60	$4.80	$5.00	$5.20

This table shows Prudential Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-52	1,462	511	-802	1,317	1,138	1,198	448	-57	707	533
Consolidated Net Income / (Loss)	-44	1,477	496	-791	1,326	1,151	1,171	451	73	742	566
Net Income / (Loss) Continuing Operations	-112	1,465	498	-807	1,303	1,101	1,171	413	181	713	545
Total Pre-Tax Income	-40	1,847	621	-1,058	1,662	1,390	1,415	553	-149	920	740
Total Revenue	13,433	17,045	13,498	8,352	15,084	23,509	14,883	19,490	12,523	13,470	13,726
Net Interest Income / (Expense)	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Interest Income	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Interest Expense	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Non-Interest Income	13,433	17,045	13,498	8,352	15,084	23,509	14,883	19,490	12,523	13,470	13,726
Other Service Charges	3,627	3,070	3,035	2,261	3,943	3,393	2,677	3,380	1,975	2,421	3,643
Net Realized & Unrealized Capital Gains on Investments	3,342	4,612	3,554	1,918	4,222	4,579	4,386	3,065	4,053	4,049	3,101
Premiums Earned	6,464	9,363	6,909	4,173	6,919	15,537	7,820	13,045	6,495	7,000	6,982
Total Non-Interest Expense	13,473	15,198	12,877	9,413	13,419	22,119	13,468	18,937	12,672	12,550	12,986
Property & Liability Insurance Claims	8,729	11,285	8,810	6,035	8,784	17,877	9,966	14,890	8,968	8,965	9,319
Insurance Policy Acquisition Costs	80	319	303	0.00	447	290	176	189	43	145	259
Current and Future Benefits	-	25	255	-49	106	-17	-176	180	-24	-50	-175
Other Operating Expenses	2,731	3,204	3,143	3,066	3,538	3,594	3,127	3,311	3,310	3,083	3,176
Amortization Expense	341	365	366	361	367	375	375	367	375	407	407
Income Tax Expense	-5.00	382	123	-251	359	289	264	140	-186	207	195
Other Adjustments to Consolidated Net Income / (Loss)	-	12	-2.00	16	23	50	-	38	-	29	21
Net Income / (Loss) Attributable to Noncontrolling Interest	8.00	15	-15	11	-	13	-27	3.00	130	35	33
Weighted Average Basic Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Weighted Average Diluted Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Weighted Average Basic & Diluted Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Cash Dividends to Common per Share	-	$1.25	$1.25	$1.25	-	$1.30	$1.30	$1.30	-	$1.35	$1.35

This table details how cash moves in and out of Prudential Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	3,479	2,694	-3,567	355	959	979	-2,619	-921	4,365	2,164	-943
Net Cash From Operating Activities	19,396	13,942	14,876	13,460	21,664	19,625	8,368	9,812	5,158	6,510	8,502
Net Cash From Continuing Operating Activities	19,396	13,942	14,876	13,460	21,664	19,625	8,368	9,812	5,158	6,510	8,502
Net Income / (Loss) Continuing Operations	1,438	5,712	4,419	7,974	4,088	4,238	-146	8,938	-1,675	2,508	2,846
Consolidated Net Income / (Loss)	1,438	5,712	4,419	7,974	4,088	4,238	-146	8,938	-1,675	2,508	2,846
Depreciation Expense	631	113	318	222	161	460	457	206	117	-70	383
Non-Cash Adjustments to Reconcile Net Income	5,121	-1,905	-323	578	-166	1,752	5,030	-3,056	6,910	5,030	5,685
Changes in Operating Assets and Liabilities, net	12,206	10,022	10,462	4,686	17,581	13,175	3,027	3,724	-194	-958	-412
Net Cash From Investing Activities	-17,088	-7,746	-21,694	-11,957	-21,628	-17,028	-16,210	-5,342	-7,638	-12,122	-28,585
Net Cash From Continuing Investing Activities	-17,088	-7,746	-21,694	-11,957	-21,628	-17,028	-16,210	-5,342	-7,638	-12,122	-28,585
Purchase of Investment Securities	-164,283	-158,182	-161,210	-152,747	-155,408	-135,584	-149,309	-143,089	-124,181	-102,625	-139,395
Divestitures	-	-	-	-	0.00	0.00	1,454	132	422	0.00	0.00
Sale and/or Maturity of Investments	149,050	152,218	141,398	142,719	135,750	120,487	133,601	138,831	117,369	92,047	112,411
Other Investing Activities, net	-1,855	-1,782	-1,882	-1,929	-1,970	-1,931	-1,956	-1,216	-1,248	-1,544	-1,601
Net Cash From Financing Activities	1,629	-3,571	3,201	-1,258	781	-1,634	4,883	-3,011	4,933	7,739	19,394
Net Cash From Continuing Financing Activities	1,629	-3,571	3,201	-1,258	781	-1,634	4,883	-3,011	4,933	7,739	19,394
Issuance of Debt	8,638	2,964	3,595	2,078	4,258	3,799	3,491	310	1,302	1,920	6,743
Repayment of Debt	-7,384	-4,957	-2,753	-1,827	-1,810	-2,067	-2,762	-1,411	-1,398	-2,308	-2,014
Repurchase of Common Equity	-1,000	-1,664	-2,119	-1,250	-1,500	-2,500	-500	-2,500	-1,488	-1,012	-1,000
Payment of Dividends	-1,027	-1,117	-1,300	-1,296	-1,521	-1,641	-1,766	-1,814	-1,817	-1,846	-1,891
Other Financing Activities, Net	2,402	1,203	5,778	1,037	1,354	775	6,420	2,404	8,334	10,985	17,556
Effect of Exchange Rate Changes	-458	69	50	110	142	16	340	-309	-159	37	-254
Other Net Changes in Cash	-	-	-	-	-	0.00	0.00	-2,071	2,071	0.00	0.00
Cash Interest Paid	1,883	1,324	1,257	1,248	1,443	1,521	1,531	1,452	1,452	1,555	1,995
Cash Income Taxes Paid	109	1,083	770	185	760	1,348	287	1,668	1,090	895	756

This table details how cash moves in and out of Prudential Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-2,853	174	-2,779	2,235	2,534	-707	-1,625	3,097	-1,708	-2,416	597
Net Cash From Operating Activities	-622	1,343	1,224	2,840	1,103	5,221	-146	1,105	2,322	-2,506	1,162
Net Cash From Continuing Operating Activities	-622	1,343	1,224	2,840	1,103	5,221	-146	1,105	2,322	-2,506	1,162
Net Income / (Loss) Continuing Operations	-44	1,477	496	-791	1,326	1,151	1,171	451	73	742	566
Consolidated Net Income / (Loss)	-44	1,477	496	-791	1,326	1,151	1,171	451	73	742	566
Depreciation Expense	59	41	5.00	-45	-71	397	-26	-41	53	-161	482
Non-Cash Adjustments to Reconcile Net Income	1,932	15	1,250	2,968	797	541	870	2,465	1,809	1,655	2,543
Changes in Operating Assets and Liabilities, net	-2,569	-190	-527	708	-949	3,132	-2,161	-1,770	387	-4,742	-2,429
Net Cash From Investing Activities	-3,376	-3,303	-2,840	-2,881	-3,098	-10,244	-5,340	-5,700	-7,301	-5,465	-5,828
Net Cash From Continuing Investing Activities	-3,376	-3,303	-2,840	-2,881	-3,098	-10,244	-5,340	-5,700	-7,301	-5,465	-5,828
Purchase of Investment Securities	-28,971	-23,535	-25,033	-26,617	-27,440	-34,028	-31,950	-31,786	-41,691	-28,657	-28,714
Sale and/or Maturity of Investments	25,939	20,603	22,602	24,107	24,735	24,216	26,948	26,495	34,812	23,562	23,305
Other Investing Activities, net	-344	-371	-409	-371	-393	-432	-338	-409	-422	-370	-419
Net Cash From Financing Activities	858	2,129	-1,015	2,353	4,272	4,543	4,002	7,429	3,420	5,499	5,149
Net Cash From Continuing Financing Activities	858	2,129	-1,015	2,353	4,272	4,543	4,002	7,429	3,420	5,499	5,149
Issuance of Debt	-849	495	-1,314	813	1,926	1,675	614	2,694	1,760	1,753	460
Repayment of Debt	-217	-45	-1,577	-365	-321	-540	-211	-454	-809	-191	-1,003
Repurchase of Common Equity	-375	-251	-253	-250	-258	-242	-251	-253	-254	-246	-250
Payment of Dividends	-446	-473	-460	-458	-455	-483	-472	-469	-467	-491	-481
Other Financing Activities, Net	2,745	2,403	2,589	2,613	3,380	4,133	4,322	5,911	3,190	4,674	6,423
Effect of Exchange Rate Changes	287	5.00	-148	-77	257	-227	-141	263	-149	56	114

This table presents Prudential Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	766,655	757,255	783,962	832,136	815,078	896,552	940,722	937,582	689,029	721,212	735,587
Cash and Due from Banks	14,918	17,612	14,127	14,490	15,353	16,327	13,701	12,888	17,251	19,419	18,497
Trading Account Securities	353,584	346,871	372,198	381,762	386,404	426,032	450,999	394,679	324,960	337,521	337,224
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	3,130	3,110	3,204	3,325	3,318	3,330	3,193	2,855	3,012	3,287	3,441
Mortgage Servicing Rights	46,432	50,559	-	-	-	-	65,425	-	-	-	62,341
Deferred Acquisition Cost	15,971	16,718	17,661	18,992	20,058	19,912	19,027	18,192	20,546	20,856	20,448
Separate Account Business Assets	296,435	285,570	287,636	306,617	279,136	312,281	327,277	246,145	197,679	198,888	193,372
Other Assets	36,185	36,815	89,136	106,950	110,809	118,670	61,100	262,823	125,581	141,241	100,264
Total Liabilities & Shareholders' Equity	766,655	757,255	783,962	832,136	815,078	896,552	940,722	937,582	689,029	721,212	735,587
Total Liabilities	724,306	715,332	737,874	777,625	766,047	835,685	872,512	874,974	657,110	691,336	705,461
Short-Term Debt	13,246	9,098	8,739	9,780	12,401	11,614	11,819	10,907	7,364	6,674	7,749
Long-Term Debt	25,889	19,594	18,041	17,172	17,378	18,646	20,023	18,896	20,282	20,256	20,617
Future Policy Benefits	217,766	224,384	240,908	257,317	273,846	293,527	306,343	290,784	261,773	273,281	268,912
Participating Policy Holder Equity	143,811	142,362	150,916	154,600	154,448	159,098	171,206	131,364	136,318	148,493	166,972
Separate Account Business Liabilities	296,435	285,570	287,636	306,617	279,136	312,281	327,277	246,145	197,679	198,888	193,372
Other Long-Term Liabilities	27,159	34,324	31,634	32,139	28,838	36,393	35,844	176,878	33,694	43,744	47,839
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	371	1,766	1,939
Total Equity & Noncontrolling Interests	42,349	41,923	46,088	54,511	49,031	63,719	68,210	62,608	31,548	28,110	28,187
Total Preferred & Common Equity	41,770	41,890	45,863	54,236	48,617	63,115	67,425	61,876	30,593	27,820	27,872
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	41,770	41,890	45,863	54,236	48,617	63,115	67,425	61,876	30,593	27,820	27,872
Common Stock	24,571	24,488	24,612	24,775	24,834	25,538	25,590	25,738	25,753	25,752	25,907
Retained Earnings	14,888	18,931	21,946	28,671	30,470	32,991	30,749	36,652	31,714	32,352	33,187
Treasury Stock	-13,739	-13,814	-15,316	-16,284	-17,593	-19,453	-19,652	-21,838	-23,068	-23,780	-24,511
Accumulated Other Comprehensive Income / (Loss)	16,050	12,285	14,621	17,074	10,906	24,039	30,738	21,324	-3,806	-6,504	-6,711
Noncontrolling Interest	579	33	225	275	414	604	785	732	955	290	315

This table presents Prudential Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	689,029	709,269	697,304	681,254	721,212	725,823	715,196	760,294	735,587	739,262	758,952
Cash and Due from Banks	17,251	17,425	14,652	16,892	19,419	18,735	17,111	20,198	18,497	16,063	16,638
Trading Account Securities	324,960	338,589	331,128	312,429	337,521	339,381	331,791	363,220	337,224	341,681	354,038
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	3,012	3,095	3,142	3,191	3,287	3,361	3,434	3,566	3,441	3,383	3,560
Mortgage Servicing Rights	-	-	-	-	-	-	-	-	-	-	62,966
Deferred Acquisition Cost	20,546	20,741	20,320	20,394	20,856	20,613	20,564	21,182	20,448	20,790	21,222
Separate Account Business Assets	197,679	202,294	200,871	190,642	198,888	200,064	196,859	200,550	193,372	188,191	194,761
Other Assets	125,581	127,125	127,191	137,706	141,241	143,669	145,437	151,578	162,605	169,154	105,767
Total Liabilities & Shareholders' Equity	689,029	709,269	697,304	681,254	721,212	725,823	715,196	760,294	735,587	739,262	758,952
Total Liabilities	657,110	676,822	667,849	654,307	691,336	696,409	685,091	727,719	705,461	707,040	725,836
Short-Term Debt	7,364	7,322	6,860	6,162	6,674	7,148	7,517	8,405	7,749	8,955	9,578
Long-Term Debt	20,282	20,866	19,278	19,668	20,256	20,500	20,527	19,076	20,617	20,983	20,409
Future Policy Benefits	261,773	273,586	268,649	253,551	273,281	272,790	262,330	285,474	268,912	269,969	270,133
Participating Policy Holder Equity	136,318	139,626	139,801	141,445	148,493	152,921	155,737	166,177	166,972	171,194	181,888
Separate Account Business Liabilities	197,679	202,294	200,871	190,642	198,888	200,064	196,859	200,550	193,372	188,191	194,761
Other Long-Term Liabilities	33,694	33,128	32,390	42,839	43,744	42,986	42,121	48,037	47,839	47,748	49,067
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	371	-	-	-	1,766	544	545	560	1,939	2,019	2,213
Total Equity & Noncontrolling Interests	31,548	32,447	29,455	26,947	28,110	28,870	29,560	32,015	28,187	30,203	30,903
Total Preferred & Common Equity	30,593	31,385	28,434	25,814	27,820	27,209	28,013	30,416	27,872	29,883	30,582
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	30,593	31,385	28,434	25,814	27,820	27,209	28,013	30,416	27,872	29,883	30,582
Common Stock	25,753	25,649	25,682	25,720	25,752	25,747	25,808	25,856	25,907	25,877	25,933
Retained Earnings	31,714	32,708	32,756	31,493	32,352	33,014	33,737	33,714	33,187	33,408	33,456
Treasury Stock	-23,068	-23,147	-23,355	-23,568	-23,780	-23,891	-24,088	-24,310	-24,511	-24,661	-24,886
Accumulated Other Comprehensive Income / (Loss)	-3,806	-3,825	-6,649	-7,831	-6,504	-7,661	-7,444	-4,844	-6,711	-4,741	-3,921
Noncontrolling Interest	955	1,062	1,021	1,133	290	1,661	1,547	1,599	315	320	321

This table displays calculated financial ratios and metrics derived from Prudential Financial's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.50%	5.57%	2.91%	1.55%	5.53%	2.88%	-12.00%	24.92%	-20.16%	-5.10%	30.43%
EBITDA Growth	287.75%	229.79%	-23.59%	11.39%	-25.55%	11.01%	-97.58%	8,139.55%	-116.08%	269.13%	19.65%
EBIT Growth	204.45%	341.67%	-26.57%	13.71%	-25.48%	5.19%	-106.35%	3,454.49%	-117.46%	262.37%	4.46%
NOPAT Growth	219.61%	304.04%	-23.29%	81.35%	-49.38%	3.14%	-105.46%	4,009.77%	-114.98%	285.67%	9.88%
Net Income Growth	356.79%	297.22%	-22.64%	80.45%	-48.73%	3.67%	-103.45%	6,221.92%	-118.74%	249.73%	13.48%
EPS Growth	308.39%	276.78%	-20.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	129.67%	-28.12%	6.70%	-9.52%	60.95%	-9.41%	-57.36%	17.26%	-47.43%	26.21%	30.60%
Free Cash Flow Firm Growth	-788.82%	344.66%	-87.22%	-131.65%	1,094.78%	-222.72%	-11.89%	280.10%	91.26%	-83.45%	-80.53%
Invested Capital Growth	11.16%	-13.34%	3.19%	11.80%	-3.26%	15.63%	9.79%	-7.64%	-35.54%	-4.63%	2.97%
Revenue Q/Q Growth	11.97%	-2.51%	-2.01%	5.69%	3.56%	1.24%	-5.30%	1.00%	-5.49%	3.16%	-3.51%
EBITDA Q/Q Growth	-24.22%	43.86%	-9.02%	14.20%	2.08%	5.38%	-80.21%	22.83%	-252.10%	110.37%	-32.00%
EBIT Q/Q Growth	-33.04%	50.10%	-8.44%	14.05%	-1.29%	6.07%	-366.94%	21.84%	-291.11%	124.73%	-36.11%
NOPAT Q/Q Growth	-42.14%	62.40%	-9.35%	82.90%	-43.10%	7.48%	-111.31%	18.23%	-271.33%	119.36%	-31.91%
Net Income Q/Q Growth	-41.47%	62.04%	-9.19%	81.14%	-42.46%	7.32%	-386.67%	18.01%	-321.85%	120.39%	-30.57%
EPS Q/Q Growth	0.00%	52.32%	-8.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	34.84%	-29.60%	-22.46%	104.31%	44.99%	-27.41%	-50.39%	399.08%	-43.40%	36.05%	16.74%
Free Cash Flow Firm Q/Q Growth	31.74%	180.16%	-23.32%	-106.99%	-27.55%	49.74%	-209.47%	13.91%	-32.27%	197.17%	130.69%
Invested Capital Q/Q Growth	-2.78%	-13.26%	-12.70%	4.14%	3.60%	-5.27%	1.02%	0.39%	28.69%	7.63%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	4.42%	13.80%	10.25%	11.24%	7.93%	8.56%	0.24%	15.50%	-3.12%	5.56%	5.10%
EBIT Margin	3.25%	13.60%	9.71%	10.87%	7.67%	7.85%	-0.57%	15.21%	-3.33%	5.69%	4.56%
Profit (Net Income) Margin	2.66%	10.00%	7.52%	13.36%	6.49%	6.54%	-0.26%	12.55%	-2.94%	4.65%	4.04%
Tax Burden Percent	81.75%	73.52%	77.46%	122.92%	84.57%	83.34%	45.20%	82.49%	88.53%	81.64%	88.69%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.84%	26.67%	23.40%	-22.17%	17.00%	18.62%	0.00%	18.41%	0.00%	19.95%	15.80%
Return on Invested Capital (ROIC)	1.82%	7.49%	6.09%	10.27%	5.01%	4.87%	-0.24%	9.19%	-1.74%	4.23%	4.69%
ROIC Less NNEP Spread (ROIC-NNEP)	1.90%	7.54%	6.27%	10.45%	5.27%	5.22%	0.03%	9.50%	-2.96%	4.41%	5.21%
Return on Net Nonoperating Assets (RNNOA)	1.85%	6.06%	3.95%	5.58%	2.89%	2.65%	0.02%	4.48%	-1.80%	3.89%	4.80%
Return on Equity (ROE)	3.68%	13.56%	10.04%	15.85%	7.90%	7.52%	-0.22%	13.66%	-3.54%	8.12%	9.49%
Cash Return on Invested Capital (CROIC)	-8.75%	21.78%	2.95%	-0.87%	8.32%	-9.63%	-9.57%	17.13%	41.48%	8.97%	1.76%
Operating Return on Assets (OROA)	0.23%	1.02%	0.74%	0.80%	0.59%	0.59%	-0.04%	1.15%	-0.23%	0.44%	0.44%
Return on Assets (ROA)	0.19%	0.75%	0.57%	0.99%	0.50%	0.50%	-0.02%	0.95%	-0.21%	0.36%	0.39%
Return on Common Equity (ROCE)	3.62%	13.46%	10.01%	15.77%	7.84%	7.45%	-0.22%	13.51%	-3.47%	7.67%	8.80%
Return on Equity Simple (ROE_SIMPLE)	3.44%	13.64%	9.64%	14.70%	8.41%	6.71%	-0.22%	14.45%	-5.48%	9.02%	10.21%
Net Operating Profit after Tax (NOPAT)	1,410	5,697	4,370	7,925	4,012	4,138	-226	8,840	-1,324	2,459	2,702
NOPAT Margin	2.61%	9.97%	7.43%	13.28%	6.37%	6.39%	-0.40%	12.41%	-2.33%	4.56%	3.84%
Net Nonoperating Expense Percent (NNEP)	-0.07%	-0.04%	-0.18%	-0.18%	-0.27%	-0.35%	-0.27%	-0.32%	1.22%	-0.18%	-0.52%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.75%	86.40%	90.29%	89.13%	92.33%	92.15%	100.57%	84.79%	103.33%	94.31%	95.44%
Earnings before Interest and Taxes (EBIT)	1,759	7,769	5,705	6,487	4,834	5,085	-323	10,835	-1,892	3,072	3,209
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,390	7,882	6,023	6,709	4,995	5,545	134	11,041	-1,775	3,002	3,592
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.65	0.59	0.69	0.65	0.52	0.47	0.38	0.58	1.08	1.29	1.51
Price to Tangible Book Value (P/TBV)	0.65	0.59	0.69	0.65	0.52	0.47	0.38	0.58	1.08	1.29	1.51
Price to Revenue (P/Rev)	0.51	0.43	0.54	0.59	0.40	0.46	0.45	0.50	0.58	0.66	0.60
Price to Earnings (P/E)	19.80	4.40	7.21	4.49	6.21	7.06	0.00	4.04	0.00	14.40	15.47
Dividend Yield	3.63%	4.41%	3.82%	3.60%	5.88%	5.44%	6.75%	4.86%	5.33%	5.04%	4.39%
Earnings Yield	5.05%	22.72%	13.86%	22.27%	16.11%	14.16%	0.00%	24.77%	0.00%	6.95%	6.46%
Enterprise Value to Invested Capital (EV/IC)	0.64	0.51	0.61	0.59	0.51	0.48	0.45	0.58	0.75	0.80	0.93
Enterprise Value to Revenue (EV/Rev)	0.96	0.63	0.76	0.81	0.64	0.68	0.78	0.75	0.79	0.84	0.77
Enterprise Value to EBITDA (EV/EBITDA)	21.82	4.56	7.37	7.16	8.04	7.95	333.85	4.84	0.00	15.12	15.12
Enterprise Value to EBIT (EV/EBIT)	29.64	4.63	7.78	7.41	8.30	8.67	0.00	4.93	0.00	14.77	16.93
Enterprise Value to NOPAT (EV/NOPAT)	36.98	6.31	10.16	6.06	10.00	10.66	0.00	6.05	0.00	18.46	20.10
Enterprise Value to Operating Cash Flow (EV/OCF)	2.69	2.58	2.98	3.57	1.85	2.25	5.35	5.45	8.70	6.97	6.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.17	20.97	0.00	6.02	0.00	0.00	3.24	1.42	8.70	53.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.92	0.68	0.58	0.49	0.61	0.47	0.47	0.48	0.87	0.90	0.94
Long-Term Debt to Equity	0.61	0.47	0.39	0.32	0.35	0.29	0.29	0.30	0.64	0.68	0.68
Financial Leverage	0.98	0.80	0.63	0.53	0.55	0.51	0.45	0.47	0.61	0.88	0.92
Leverage Ratio	19.15	18.08	17.51	16.06	15.91	15.18	13.93	14.36	17.21	22.82	24.28
Compound Leverage Factor	19.15	18.08	17.51	16.06	15.91	15.18	13.93	14.36	17.21	22.82	24.28
Debt to Total Capital	48.03%	40.63%	36.75%	33.09%	37.79%	32.20%	31.83%	32.25%	46.41%	47.41%	48.50%
Short-Term Debt to Total Capital	16.26%	12.88%	11.99%	12.01%	15.74%	12.36%	11.81%	11.80%	12.36%	11.75%	13.25%
Long-Term Debt to Total Capital	31.77%	27.75%	24.76%	21.08%	22.05%	19.84%	20.01%	20.45%	34.05%	35.66%	35.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.71%	0.05%	0.31%	0.34%	0.53%	0.64%	0.78%	0.79%	2.23%	3.62%	3.85%
Common Equity to Total Capital	51.26%	59.32%	62.94%	66.58%	61.69%	67.16%	67.39%	66.96%	51.36%	48.97%	47.65%
Debt to EBITDA	16.37	3.64	4.45	4.02	5.96	5.46	237.63	2.70	-15.58	8.97	7.90
Net Debt to EBITDA	10.13	1.41	2.10	1.86	2.89	2.51	135.38	1.53	-5.86	2.50	2.75
Long-Term Debt to EBITDA	10.83	2.49	3.00	2.56	3.48	3.36	149.43	1.71	-11.43	6.75	5.74
Debt to NOPAT	27.76	5.04	6.13	3.40	7.42	7.31	-140.83	3.37	-20.87	10.95	10.50
Net Debt to NOPAT	17.18	1.94	2.90	1.57	3.60	3.37	-80.23	1.91	-7.85	3.05	3.65
Long-Term Debt to NOPAT	18.36	3.44	4.13	2.17	4.33	4.51	-88.56	2.14	-15.31	8.24	7.63
Noncontrolling Interest Sharing Ratio	1.51%	0.73%	0.29%	0.50%	0.67%	0.90%	1.05%	1.16%	2.18%	5.47%	7.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6,771	16,566	2,117	-670	6,665	-8,179	-9,151	16,481	31,522	5,218	1,016
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.08	0.08	0.07	0.08	0.08	0.06	0.08	0.07	0.08	0.10
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	81,484	70,615	72,868	81,463	78,810	91,127	100,052	92,411	59,565	56,806	58,492
Invested Capital Turnover	0.70	0.75	0.82	0.77	0.79	0.76	0.60	0.74	0.75	0.93	1.22
Increase / (Decrease) in Invested Capital	8,181	-10,869	2,253	8,595	-2,653	12,317	8,925	-7,641	-32,846	-2,759	1,686
Enterprise Value (EV)	52,139	35,945	44,389	48,050	40,135	44,108	44,736	53,449	44,890	45,386	54,320
Market Capitalization	27,343	24,832	31,511	35,313	25,295	29,571	25,810	35,802	33,169	35,819	42,197
Book Value per Share	$91.20	$93.30	$106.66	$127.92	$117.72	$157.00	$170.27	$163.69	$83.13	$77.06	$78.29
Tangible Book Value per Share	$91.20	$93.30	$106.66	$127.92	$117.72	$157.00	$170.27	$163.69	$83.13	$77.06	$78.29
Total Capital	81,484	70,615	72,868	81,463	78,810	93,979	100,052	92,411	59,565	56,806	58,492
Total Debt	39,135	28,692	26,780	26,952	29,779	30,260	31,842	29,803	27,646	26,930	28,366
Total Long-Term Debt	25,889	19,594	18,041	17,172	17,378	18,646	20,023	18,896	20,282	20,256	20,617
Net Debt	24,217	11,080	12,653	12,462	14,426	13,933	18,141	16,915	10,395	7,511	9,869
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-28	-15	-49	-49	-76	-100	-80	-98	351	-49	-144
Net Nonoperating Obligations (NNO)	39,135	28,692	26,780	26,952	29,779	27,408	31,842	29,803	27,646	26,930	28,366
Total Depreciation and Amortization (D&A)	631	113	318	222	161	460	457	206	117	-70	383
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.25	$12.37	$9.85	$18.19	$9.64	$0.00	($1.00)	$19.65	($3.93)	$0.00	$7.54
Adjusted Weighted Average Basic Shares Outstanding	454M	446M	430M	422M	409M	397M	397M	376M	366M	359M	354M
Adjusted Diluted Earnings per Share	$0.00	$12.17	$9.71	$17.86	$9.50	$0.00	($1.00)	$19.51	($3.93)	$0.00	$7.50
Adjusted Weighted Average Diluted Shares Outstanding	454M	446M	430M	422M	409M	397M	397M	376M	366M	359M	354M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	454M	446M	430M	422M	409M	397M	397M	376M	366M	359M	354M
Normalized Net Operating Profit after Tax (NOPAT)	1,410	5,697	4,370	4,541	4,012	4,138	-226	9,705	-692	2,601	2,702
Normalized NOPAT Margin	2.61%	9.97%	7.43%	7.61%	6.37%	6.39%	-0.40%	13.62%	-1.22%	4.82%	3.84%
Pre Tax Income Margin	3.25%	13.60%	9.71%	10.87%	7.67%	7.85%	-0.57%	15.21%	-3.33%	5.69%	4.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	71.42%	19.56%	29.42%	16.25%	37.21%	38.72%	-1,209.59%	20.30%	-108.48%	73.60%	66.44%
Augmented Payout Ratio	140.96%	48.69%	77.37%	31.93%	73.90%	97.71%	-1,552.05%	48.27%	-197.31%	113.96%	101.58%

This table displays calculated financial ratios and metrics derived from Prudential Financial's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-19.74%	43.78%	18.49%	-58.66%	12.29%	37.92%	10.26%	133.36%	-16.98%	-42.70%	-7.77%
EBITDA Growth	-99.36%	393.62%	169.48%	-342.40%	8,289.47%	-5.35%	121.89%	146.29%	-106.02%	-57.53%	-12.02%
EBIT Growth	-101.41%	380.70%	158.15%	-742.06%	4,262.50%	-24.74%	127.86%	152.12%	-108.95%	-33.81%	-47.70%
NOPAT Growth	-101.19%	418.06%	166.61%	-739.68%	4,753.57%	-24.85%	131.12%	155.77%	-108.00%	-35.24%	-52.65%
Net Income Growth	-101.84%	391.90%	148.77%	-632.41%	3,113.64%	-22.07%	136.09%	157.02%	-94.49%	-35.53%	-51.67%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-118.66%	134,200.00%	-18.45%	-33.61%	277.33%	288.76%	-111.93%	-61.09%	110.52%	-148.00%	895.89%
Free Cash Flow Firm Growth	228.44%	7.45%	-93.76%	-115.83%	-87.62%	-69.02%	-162.98%	5.06%	-144.07%	-193.82%	-213.81%
Invested Capital Growth	-35.54%	-18.34%	-3.02%	14.02%	-4.63%	-5.89%	4.60%	13.79%	2.97%	8.93%	8.52%
Revenue Q/Q Growth	-33.50%	26.89%	-20.81%	-38.12%	80.60%	55.85%	-36.69%	30.95%	-35.75%	7.56%	1.90%
EBITDA Q/Q Growth	107.60%	9,836.84%	-66.84%	-276.68%	244.12%	12.32%	-22.27%	-63.14%	-118.75%	890.63%	61.00%
EBIT Q/Q Growth	68.25%	4,717.50%	-66.38%	-270.85%	256.93%	-16.37%	1.80%	-60.92%	-126.94%	717.45%	-19.57%
NOPAT Q/Q Growth	68.25%	5,332.14%	-66.01%	-248.71%	275.94%	-15.50%	4.54%	-64.12%	-125.25%	783.61%	-23.56%
Net Income Q/Q Growth	59.26%	3,456.82%	-66.42%	-259.48%	267.64%	-13.20%	1.74%	-61.49%	-83.81%	916.44%	-23.72%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-114.54%	315.92%	-8.86%	132.03%	-61.16%	373.35%	-102.80%	856.85%	110.14%	-207.92%	146.37%
Free Cash Flow Firm Q/Q Growth	-28.16%	-54.03%	-85.21%	-424.14%	156.17%	12.60%	-130.06%	-388.68%	73.93%	-144.93%	-0.55%
Invested Capital Q/Q Growth	28.69%	1.80%	-8.32%	-5.07%	7.63%	0.61%	1.90%	3.28%	-2.60%	6.27%	1.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	0.14%	11.08%	4.64%	-13.24%	10.57%	7.60%	9.33%	2.63%	-0.77%	5.63%	8.90%
EBIT Margin	-0.30%	10.84%	4.60%	-12.70%	11.04%	5.91%	9.51%	2.84%	-1.19%	6.83%	5.39%
Profit (Net Income) Margin	-0.33%	8.67%	3.67%	-9.47%	8.79%	4.90%	7.87%	2.31%	0.58%	5.51%	4.12%
Tax Burden Percent	110.00%	79.97%	79.87%	74.76%	79.78%	82.81%	82.76%	81.56%	-48.99%	80.65%	76.49%
Interest Burden Percent	100.00%	100.00%	100.00%	99.72%	99.82%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	20.68%	19.81%	0.00%	21.60%	20.79%	18.66%	25.32%	0.00%	22.50%	26.35%
Return on Invested Capital (ROIC)	-0.16%	7.91%	4.19%	-9.37%	8.01%	4.81%	8.41%	2.74%	-1.02%	5.36%	3.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.21%	7.95%	4.19%	-9.55%	8.10%	4.99%	8.48%	2.88%	-0.38%	5.46%	3.95%
Return on Net Nonoperating Assets (RNNOA)	-0.13%	5.96%	3.91%	-11.89%	7.15%	4.50%	7.72%	2.58%	-0.35%	5.10%	3.63%
Return on Equity (ROE)	-0.28%	13.87%	8.11%	-21.26%	15.17%	9.31%	16.12%	5.32%	-1.36%	10.46%	7.50%
Cash Return on Invested Capital (CROIC)	41.48%	20.74%	6.28%	-10.84%	8.97%	9.63%	0.34%	-5.87%	1.76%	-4.67%	-5.35%
Operating Return on Assets (OROA)	-0.02%	0.85%	0.42%	-0.98%	0.85%	0.50%	0.83%	0.29%	-0.12%	0.56%	0.43%
Return on Assets (ROA)	-0.02%	0.68%	0.34%	-0.73%	0.67%	0.41%	0.69%	0.23%	0.06%	0.45%	0.33%
Return on Common Equity (ROCE)	-0.28%	13.55%	7.87%	-20.39%	14.34%	8.82%	15.28%	5.03%	-1.27%	9.69%	6.95%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.98%	6.40%	4.41%	0.00%	8.02%	10.20%	13.48%	0.00%	8.16%	5.99%
Net Operating Profit after Tax (NOPAT)	-28	1,465	498	-741	1,303	1,101	1,151	413	-104	713	545
NOPAT Margin	-0.21%	8.59%	3.69%	-8.87%	8.64%	4.68%	7.73%	2.12%	-0.83%	5.29%	3.97%
Net Nonoperating Expense Percent (NNEP)	0.06%	-0.04%	0.01%	0.18%	-0.08%	-0.18%	-0.07%	-0.14%	-0.64%	-0.10%	-0.07%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	100.30%	89.16%	95.40%	112.70%	88.96%	94.09%	90.49%	97.16%	101.19%	93.17%	94.61%
Earnings before Interest and Taxes (EBIT)	-40	1,847	621	-1,061	1,665	1,390	1,415	553	-149	920	740
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	1,888	626	-1,106	1,594	1,787	1,389	512	-96	759	1,222
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	0.89	1.07	1.27	1.29	1.52	1.49	1.42	1.51	1.32	1.24
Price to Tangible Book Value (P/TBV)	1.08	0.89	1.07	1.27	1.29	1.52	1.49	1.42	1.51	1.32	1.24
Price to Revenue (P/Rev)	0.58	0.45	0.47	0.63	0.66	0.69	0.67	0.59	0.60	0.65	0.64
Price to Earnings (P/E)	0.00	91.12	16.57	29.36	14.40	19.16	14.59	10.54	15.47	17.22	23.32
Dividend Yield	5.33%	6.33%	5.90%	5.47%	5.04%	4.40%	4.40%	4.25%	4.39%	4.70%	4.93%
Earnings Yield	0.00%	1.10%	6.04%	3.41%	6.95%	5.22%	6.85%	9.49%	6.46%	5.81%	4.29%
Enterprise Value to Invested Capital (EV/IC)	0.75	0.66	0.77	0.81	0.80	0.92	0.94	0.88	0.93	0.90	0.85
Enterprise Value to Revenue (EV/Rev)	0.79	0.64	0.67	0.82	0.84	0.87	0.88	0.72	0.77	0.92	0.91
Enterprise Value to EBITDA (EV/EBITDA)	0.00	52.76	18.75	30.08	15.12	18.12	14.91	9.97	15.12	21.74	22.49
Enterprise Value to EBIT (EV/EBIT)	0.00	65.07	18.60	31.40	14.77	20.10	16.02	10.49	16.93	20.35	26.12
Enterprise Value to NOPAT (EV/NOPAT)	0.00	108.99	23.61	38.30	18.46	25.10	19.88	13.27	20.10	24.09	31.57
Enterprise Value to Operating Cash Flow (EV/OCF)	8.70	6.14	6.88	8.97	6.97	5.06	6.06	7.23	6.39	71.93	25.88
Enterprise Value to Free Cash Flow (EV/FCFF)	1.42	2.85	12.07	0.00	8.70	9.28	284.50	0.00	53.46	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.87	0.87	0.89	0.96	0.90	0.94	0.93	0.84	0.94	0.93	0.91
Long-Term Debt to Equity	0.64	0.64	0.65	0.73	0.68	0.70	0.68	0.59	0.68	0.65	0.62
Financial Leverage	0.61	0.75	0.93	1.25	0.88	0.90	0.91	0.90	0.92	0.93	0.92
Leverage Ratio	17.21	20.58	23.86	30.80	22.82	23.20	23.72	24.22	24.28	23.77	23.32
Compound Leverage Factor	17.21	20.58	23.86	30.71	22.78	23.20	23.72	24.22	24.28	23.77	23.32
Debt to Total Capital	46.41%	46.49%	47.02%	48.94%	47.41%	48.45%	48.23%	45.76%	48.50%	48.16%	47.52%
Short-Term Debt to Total Capital	12.36%	12.08%	12.34%	11.68%	11.75%	12.53%	12.93%	14.00%	13.25%	14.41%	15.18%
Long-Term Debt to Total Capital	34.05%	34.41%	34.68%	37.27%	35.66%	35.93%	35.30%	31.76%	35.25%	33.76%	32.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.23%	1.75%	1.84%	2.15%	3.62%	3.86%	3.60%	3.60%	3.85%	3.76%	4.02%
Common Equity to Total Capital	51.36%	51.76%	51.15%	48.91%	48.97%	47.68%	48.17%	50.65%	47.65%	48.07%	48.46%
Debt to EBITDA	-15.58	37.29	11.45	18.10	8.97	9.53	7.65	5.20	7.90	11.68	12.51
Net Debt to EBITDA	-5.86	14.24	5.03	6.26	2.50	3.07	2.98	1.38	2.75	5.41	5.57
Long-Term Debt to EBITDA	-11.43	27.60	8.44	13.78	6.75	7.07	5.60	3.61	5.74	8.18	8.51
Debt to NOPAT	-20.87	77.02	14.42	23.04	10.95	13.20	10.21	6.93	10.50	12.94	17.56
Net Debt to NOPAT	-7.85	29.41	6.34	7.97	3.05	4.25	3.98	1.84	3.65	6.00	7.82
Long-Term Debt to NOPAT	-15.31	57.01	10.63	17.55	8.24	9.79	7.47	4.81	7.63	9.07	11.95
Noncontrolling Interest Sharing Ratio	2.18%	2.28%	2.92%	4.10%	5.47%	5.28%	5.23%	5.53%	7.18%	7.37%	7.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	32,818	15,086	2,231	-7,232	4,062	4,674	-1,405	-6,866	-1,790	-4,385	-4,409
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.08	0.09	0.08	0.08	0.08	0.09	0.10	0.10	0.08	0.08
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	59,565	60,635	55,593	52,777	56,806	57,062	58,149	60,056	58,492	62,160	63,103
Invested Capital Turnover	0.75	0.92	1.14	1.06	0.93	1.03	1.09	1.29	1.22	1.01	0.98
Increase / (Decrease) in Invested Capital	-32,846	-13,621	-1,733	6,491	-2,759	-3,573	2,556	7,279	1,686	5,098	4,954
Enterprise Value (EV)	44,890	39,889	42,810	42,929	45,386	52,574	54,624	52,675	54,320	55,749	53,917
Market Capitalization	33,169	28,064	30,303	32,858	35,819	41,456	41,599	43,233	42,197	39,535	38,034
Book Value per Share	$83.13	$85.75	$77.90	$71.11	$77.06	$75.79	$78.03	$85.20	$78.29	$84.42	$86.39
Tangible Book Value per Share	$83.13	$85.75	$77.90	$71.11	$77.06	$75.79	$78.03	$85.20	$78.29	$84.42	$86.39
Total Capital	59,565	60,635	55,593	52,777	56,806	57,062	58,149	60,056	58,492	62,160	63,103
Total Debt	27,646	28,188	26,138	25,830	26,930	27,648	28,044	27,481	28,366	29,938	29,987
Total Long-Term Debt	20,282	20,866	19,278	19,668	20,256	20,500	20,527	19,076	20,617	20,983	20,409
Net Debt	10,395	10,763	11,486	8,938	7,511	8,913	10,933	7,283	9,869	13,875	13,349
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	16	-12	2.00	50	-23	-50	-20	-38	-177	-29	-21
Net Nonoperating Obligations (NNO)	27,646	28,188	26,138	25,830	26,930	27,648	28,044	27,481	28,366	29,938	29,987
Total Depreciation and Amortization (D&A)	59	41	5.00	-45	-71	397	-26	-41	53	-161	482
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$3.94	$0.00	($2.23)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Adjusted Diluted Earnings per Share	$0.00	$3.93	$0.00	($2.23)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	366M	365M	363M	361M	359M	359M	357M	356M	354M	354M	352M
Normalized Net Operating Profit after Tax (NOPAT)	-28	1,465	498	-741	1,303	1,101	1,151	413	-104	713	545
Normalized NOPAT Margin	-0.21%	8.59%	3.69%	-8.87%	8.64%	4.68%	7.73%	2.12%	-0.83%	5.29%	3.97%
Pre Tax Income Margin	-0.30%	10.84%	4.60%	-12.67%	11.02%	5.91%	9.51%	2.84%	-1.19%	6.83%	5.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-108.48%	592.21%	100.44%	161.42%	73.60%	85.06%	65.38%	45.84%	66.44%	77.92%	104.15%
Augmented Payout Ratio	-197.31%	1,038.64%	169.30%	260.63%	113.96%	131.03%	100.42%	70.33%	101.58%	119.12%	158.90%

Financials Breakdown Chart

Key Financial Trends

Prudential Financial (NYSE: PRU) showed a generally improving financial position and operating performance over the past four years through Q2 2025, with several notable trends and developments:

Net Income Recovery and Growth: PRU's consolidated net income increased significantly from a loss of -$791 million in Q3 2023 to positive earnings of $566 million in Q2 2025, demonstrating a strong turnaround in profitability.
Consistent Dividend Payments: The company maintained steady cash dividends per common share around $1.25 to $1.35 over recent quarters, reflecting stable shareholder returns.
Rising Total Revenue: Total revenue from operations grew from about $8.4 billion in Q3 2023 to over $13.7 billion in Q2 2025, driven primarily by increases in premiums earned, service charges, and realized/unrealized capital gains.
Operating Cash Flow Improvement: Net cash from continuing operating activities recovered from negative territory in 2023 to over $1.16 billion in Q2 2025, indicating improved core operating cash generation.
Debt Management: PRU managed its debt levels prudently with moderate issuance and repayment activity, keeping long-term debt fairly stable around $19-21 billion over recent years.
Significant Investment Activity: Substantial investment securities purchases and sales affect cash flow, consistent with the company's insurance and financial services business model.
High Assets Base: Total assets grew steadily from roughly $678 billion in Q3 2022 to $759 billion in Q2 2025, supported by trading account securities, separate account business assets, and other investments.
Stable Capital Structure: Total liabilities and shareholders’ equity also rose consistently, with common equity increasing modestly, signaling capital stability.
Volatility in Pre-Tax Income: Pre-tax income fluctuated substantially, with losses recorded in portions of 2022 and 2023, though recent quarters show improvement.
Elevated Property & Liability Claims and Expenses: Insurance claims and operating expenses remain significant, limiting margin expansion despite revenue growth.

In summary, Prudential Financial has demonstrated a strong recovery in earnings and operating cash flow since early 2023, with growing revenues and stable capital and debt levels. While insurance claim costs and expense controls remain challenges, the company’s steady dividend and asset base position it well moving forward. Investors should monitor ongoing earnings volatility and claims trends as key factors influencing Prudential’s future financial health.

10/24/25 11:38 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Prudential Financial's Financials

When does Prudential Financial's financial year end?

According to the most recent income statement we have on file, Prudential Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Prudential Financial's net income changed over the last 10 years?

Prudential Financial's net income appears to be on a downward trend, with a most recent value of $2.85 billion in 2024, rising from $1.44 billion in 2014. The previous period was $2.51 billion in 2023. Find out what analysts predict for Prudential Financial in the coming months.

How has Prudential Financial's revenue changed over the last 10 years?

Over the last 10 years, Prudential Financial's total revenue changed from $54.11 billion in 2014 to $70.41 billion in 2024, a change of 30.1%.

How much debt does Prudential Financial have?

Prudential Financial's total liabilities were at $705.46 billion at the end of 2024, a 2.0% increase from 2023, and a 2.6% decrease since 2014.

How much cash does Prudential Financial have?

In the past 10 years, Prudential Financial's cash and equivalents has ranged from $12.89 billion in 2021 to $19.42 billion in 2023, and is currently $18.50 billion as of their latest financial filing in 2024.

How has Prudential Financial's book value per share changed over the last 10 years?

Over the last 10 years, Prudential Financial's book value per share changed from 91.20 in 2014 to 78.29 in 2024, a change of -14.2%.

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This page (NYSE:PRU) was last updated on 10/24/2025 by MarketBeat.com Staff

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Prudential Financial (PRU) Financials

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Prudential Financial (PRU) Financials

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