← PRUDENTIAL FINANCIAL INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $58.8b $59.7b $63.0b $64.8b $57.0b $70.9b $60.0b $54.0b $70.4b $60.8b
Revenues:
Operating Expenses — — — — $8.9b $21.2b $3.6b $14.6b $22.3b $35.5b
Additional Financial Items
Amortization of Intangible Assets $116.0m $51.0m $61.0m $65.0m $102.0m $110.0m $104.0m $89.0m $80.0m $73.0m
Asset management and service fees $3.8b $4.1b $4.1b $4.2b $4.4b $4.9b $4.1b $3.7b $4.1b $4.0b
Change in estimates of liability for future policy benefits — — — — — ($35.0m) $654.0m $337.0m ($37.0m) $103.0m
Change in value of market risk benefits, net of related hedging gains (losses) — — — — — $3.6b ($409.0m) $56.0m ($397.0m) ($475.0m)
Dividends to policyholders $2k $2k $1k $2k $2k $3k $198 $1k $698 $1k
Equity in earnings of joint ventures and other operating entities, net of taxes $49.0m $49.0m $76.0m $100.0m $96.0m $87.0m ($56.0m) $49.0m $144.0m $129.0m
Goodwill impairment — — — $0 $0 $1.1b $903.0m $177.0m $0 $0
Goodwill, Impairment Loss — — — $0 $0 $1.1b $903.0m $177.0m $0 $0
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES $4.4b $7.9b $4.0b $4.1b ($242.0m) $7.7b ($1.4b) $2.5b $2.7b $3.6b
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES $5.7b $6.5b $4.8b $5.1b ($323.0m) $9.4b ($1.8b) $3.1b $3.2b $4.7b
Income (Loss) from Continuing Operations before Income Taxes, Domestic $1.2b $2.5b $1.4b $2.0b ($3.2b) $7.6b ($1.6b) $1.3b $2.1b $2.2b
Income (Loss) from Continuing Operations, Per Basic Share $10 — — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $10 — — — — — — — — —
Income (Loss) from Equity Method Investments $49.0m $49.0m $76.0m $100.0m $96.0m $87.0m ($56.0m) $49.0m $144.0m $129.0m
Insurance Services Revenue — — $2.2b $2.6b $2.7b $2.3b $2.5b $2.2b $2.1b $2.0b
Interest credited to policyholders’ account balances $3.8b $3.8b $3.2b $4.9b $4.5b $3.5b $2.3b $4.0b $4.6b $5.1b
Lease Income — — — $182.0m — — — — — —
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests — — — — — — ($28.0m) $20.0m $119.0m $156.0m
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — — — $56.0m ($397.0m) ($475.0m)
Other Income $443.0m $1.3b ($1.0b) $3.3b $1.9b $3.0b ($273.0m) $4.1b $3.0b $4.4b
Other income (loss) $443.0m $1.3b ($1.0b) $3.3b $1.9b $3.0b ($273.0m) $4.1b $3.0b $4.4b
Policy charges and fee income $5.9b $5.3b $6.0b $6.0b $6.0b $5.9b $5.6b $4.5b $4.3b $4.7b
Policyholders’ benefits $33.6b $33.8b $39.4b $36.8b $35.1b $38.5b $43.5b $30.9b $47.1b $35.2b
Premiums (includes $122, $73 and $323 of gains (losses) from changes in estimates on deferred profit liability amortization for the year ended December 31, 2025, 2024 and 2023, respectively) $31.0b $32.1b $35.8b $34.2b $31.1b $34.8b $38.0b $27.4b $42.9b $30.8b
Realized Investment Gains (Losses) $2.2b $432.0m $2.0b ($459.0m) ($3.9b) $4.0b ($3.4b) ($3.6b) ($3.4b) ($4.1b)
Realized investment gains (losses), net $2.2b $432.0m $2.0b ($459.0m) ($3.9b) $4.0b ($3.4b) ($3.6b) ($3.4b) ($4.1b)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic — $95.0m $48.0m $46.0m $21.0m $115.0m $25.0m $29.0m $32.0m $41.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $4.4b $7.9b $4.0b $4.1b ($242.0m) $7.7b ($1.4b) $2.5b $2.7b $3.6b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $4.4b — — — $34.1b $107.2b $24.7b $28.8b $63.9b $83.1b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — —
Net Investment Income $15.5b $16.4b $16.2b $17.6b $17.4b $18.3b $16.0b $17.9b $19.9b $21.5b
Policyholder Benefits and Claims Incurred, Net $33.6b $33.8b $39.4b $36.8b $35.1b $38.5b $43.5b $30.9b $47.1b $35.2b
Premiums Earned, Net $31.0b $32.1b $35.8b $34.2b $31.1b $34.8b $38.0b $27.4b $42.9b $30.8b
Net Income (Loss) Attributable to Parent $4.4b $7.9b $4.1b $4.2b ($374.0m) $7.7b ($1.4b) $2.5b $2.7b $3.6b
Net Income (Loss) Available to Common Stockholders, Basic $4.4b $7.8b $4.0b $4.1b ($395.0m) $7.6b ($1.5b) $2.5b $2.7b $3.5b
Net Income (Loss) Attributable to Noncontrolling Interest $51.0m $111.0m $14.0m $52.0m $228.0m $70.0m ($24.0m) $20.0m — —
Common Stock, Dividends, Per Share, Declared $2.80 $3.00 $3.60 $4.00 $4.40 $4.60 $4.80 $5.00 $5.20 $5.40
Earnings Per Share, Basic $9.85 $18.19 $9.64 $10.23 ($1.00) $19.65 ($3.93) $6.76 $7.54 $10.05
Earnings Per Share, Diluted $9.71 $17.86 $9.50 $10.11 ($1.00) $19.51 ($3.93) $6.74 $7.50 $9.99
Weighted Average Number of Shares Outstanding, Basic — 427.0m 417.6m 404.8m 395.8m 387.2m 372.3m 363.5m 357.5m 351.8m
Weighted Average Number of Shares Outstanding, Diluted — 436.0m 426.2m 410.9m 395.8m 390.1m 372.3m 364.6m 359.3m 353.7m
Expenses
Amortization of deferred policy acquisition costs $1.9b $1.6b $2.3b $2.3b $2.2b $2.1b $2.4b $1.5b $1.5b $1.6b
Current Income Tax Expense (Benefit) $635.0m $558.0m $342.0m $967.0m $288.0m $1.9b $709.0m $688.0m $1.3b $655.0m
Deferred Policy Acquisition Costs, Amortization Expense $1.9b $1.6b $2.3b $2.3b $2.2b $2.1b $2.4b $1.5b $1.5b $1.6b
General and Administrative Expense $11.8b $11.9b $11.9b $13.4b $13.9b $13.6b $12.5b $13.0b $13.3b $13.0b
General and administrative expenses $11.8b $11.9b $11.9b $13.4b $13.9b $13.6b $12.5b $13.0b $13.3b $13.0b
Interest Expense $1.3b $1.3b $1.4b $1.6b $1.6b $1.5b $1.6b $1.8b $2.0b —
Benefits, Losses and Expenses $53.1b $53.2b $58.2b $59.7b $57.4b $61.6b $61.8b $50.9b $67.2b $56.1b
Income Tax Expense (Benefit) $1.3b ($1.4b) $822.0m $947.0m ($81.0m) $1.7b ($370.0m) $613.0m $507.0m $1.1b
Total benefits and expenses $53.1b $53.2b $58.2b $59.7b $57.4b $61.6b $61.8b $50.9b $67.2b $56.1b
Total income tax expense (benefit) $1.3b ($1.4b) $822.0m $947.0m ($81.0m) $1.7b ($370.0m) $613.0m $507.0m $1.1b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.