Prudential Financial Inc. (PRS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
751 BROAD ST NEWARK, NJ 07102 |
| State of Incorp. | NJ |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,451 | 34,943 | 36,920 | 21,501 | 21,794 | 21,822 | |||
| Cash and cash equivalent | 19,419 | 17,251 | 12,888 | 13,701 | 16,327 | 15,353 | |||
| Short-term investments | 18,032 | 17,692 | 24,032 | 7,800 | 5,467 | 6,469 | |||
| Receivables | 65,660 | 63,680 | |||||||
| Disposal group, including discontinued operation | 39 | ||||||||
| Total current assets: | 37,451 | 34,943 | 36,959 | 87,161 | 85,474 | 21,822 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 286 | 340 | 395 | 466 | 554 | ✕ | |||
| Long-term investments and receivables | 1,192 | 1,181 | 1,317 | 1,394 | 1,309 | 1,329 | |||
| Long-term investments | 1,192 | 1,181 | 1,317 | 1,394 | 1,309 | 1,329 | |||
| Intangible assets, net (including goodwill) | 1,577 | 1,394 | 2,423 | 3,615 | 3,613 | 1,211 | |||
| Goodwill | 1,071 | 876 | 1,804 | 3,035 | 3,013 | 863 | |||
| Intangible assets, net (excluding goodwill) | 506 | 518 | 619 | 580 | 600 | 348 | |||
| Deferred income tax assets | 939 | 4,214 | ✕ | ||||||
| Total noncurrent assets: | 3,994 | 7,129 | 4,135 | 5,475 | 5,476 | 2,540 | |||
| Other undisclosed assets | 679,678 | 647,845 | 896,488 | 848,086 | 805,602 | 790,716 | |||
| TOTAL ASSETS: | 721,123 | 689,917 | 937,582 | 940,722 | 896,552 | 815,078 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 618 | 775 | 722 | 925 | 1,933 | 2,451 | |||
| Total current liabilities: | 618 | 775 | 722 | 925 | 1,933 | 2,451 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 18,882 | 19,908 | 18,622 | 19,718 | 18,646 | 17,378 | |||
| Long-term debt, excluding current maturities | 18,882 | 19,908 | 18,622 | 19,718 | 18,646 | 17,378 | |||
| Total noncurrent liabilities: | 18,882 | 19,908 | 18,622 | 19,718 | 18,646 | 17,378 | |||
| Other undisclosed liabilities | 671,836 | 652,026 | 855,630 | 851,869 | 812,254 | 746,218 | |||
| Total liabilities: | 691,336 | 672,709 | 874,974 | 872,512 | 832,833 | 766,047 | |||
| Temporary equity, including noncontrolling interest | 524 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 27,820 | 16,250 | 61,876 | 67,425 | 63,115 | 48,617 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Treasury stock, value | (23,780) | (23,068) | (21,838) | (19,652) | (19,453) | (17,593) | |||
| Additional paid in capital | 25,746 | 25,747 | 25,732 | 25,584 | 25,532 | 24,828 | |||
| Accumulated other comprehensive income (loss) | (6,504) | (19,827) | 21,324 | 30,738 | 24,039 | 10,906 | |||
| Retained earnings | 32,352 | 33,392 | 36,652 | 30,749 | 32,991 | 30,470 | |||
| Equity, attributable to noncontrolling interest | 1,443 | 958 | 732 | 785 | 604 | 414 | |||
| Total equity: | 29,263 | 17,208 | 62,608 | 68,210 | 63,719 | 49,031 | |||
| TOTAL LIABILITIES AND EQUITY: | 721,123 | 689,917 | 937,582 | 940,722 | 896,552 | 815,078 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 53,979 | 60,050 | 70,934 | 57,033 | 64,807 | 62,992 | ||
| Premiums earned, net | 27,364 | 38,019 | 34,827 | 31,140 | 34,202 | 35,779 | ||
| Net investment income | 17,865 | 16,037 | 18,287 | 17,410 | 17,585 | 16,176 | ||
| Cost of revenue | (37,442) | (48,608) | (47,201) | (43,821) | (46,306) | (46,209) | ||
| Policyholder benefits and claims incurred, net | (30,931) | (43,487) | (38,458) | (35,059) | (36,820) | (39,404) | ||
| Gross profit: | 16,537 | 11,442 | 23,733 | 13,212 | 18,501 | 16,783 | ||
| Operating expenses | (14,551) | (3,608) | (21,235) | (8,887) | (13,416) | (11,949) | ||
| Operating income: | 1,986 | 7,834 | 2,498 | 4,325 | 5,085 | 4,834 | ||
| Nonoperating income (Investment Income, Nonoperating) | 642 | 657 | 2,246 | 772 | ||||
| Interest and debt expense | (1,762) | (1,596) | (1,478) | (1,574) | (1,550) | (1,420) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2,206 | (8,671) | 6,115 | (3,846) | 1,550 | 1,420 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,072 | (1,776) | 9,381 | (323) | 5,085 | 4,834 | ||
| Income (loss) from equity method investments | 49 | (56) | 87 | 96 | 100 | 76 | ||
| Income (loss) from continuing operations before income taxes: | 3,121 | (1,832) | 9,468 | (227) | 5,185 | 4,910 | ||
| Income tax expense (benefit) | (613) | 370 | (1,674) | 81 | (947) | (822) | ||
| Other undisclosed income from continuing operations | 26,266 | 26,153 | 99,400 | 34,223 | ||||
| Income from continuing operations: | 28,774 | 24,691 | 107,194 | 34,077 | 4,238 | 4,088 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 107,194 | 34,077 | 4,238 | 4,088 | |
| Other undisclosed net loss | (26,266) | (26,153) | (99,400) | (34,223) | ||||
| Net income (loss): | 2,508 | (1,462) | 7,794 | (146) | 4,238 | 4,088 | ||
| Net income (loss) attributable to noncontrolling interest | (20) | 24 | (70) | (228) | (52) | (14) | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) attributable to parent: | 2,488 | (1,438) | 7,724 | (374) | 4,186 | 4,074 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (29) | (25) | (115) | (21) | (46) | (48) | ||
| Net income (loss) available to common stockholders, basic: | 2,459 | (1,463) | 7,609 | (395) | 4,140 | 4,026 | ||
| Interest on convertible debt | 12 | 21 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 1 | 1 | ||||||
| Net income (loss) available to common stockholders, diluted: | 2,459 | (1,463) | 7,609 | (395) | 4,153 | 4,048 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,508 | (1,462) | 7,794 | (146) | 4,238 | 4,088 | ||
| Other comprehensive income (loss) | (2,698) | (41,153) | (9,429) | 6,710 | 13,129 | (6,969) | ||
| Comprehensive income (loss): | (190) | (42,615) | (1,635) | 6,564 | 17,367 | (2,881) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (20) | 26 | (55) | (239) | (55) | (19) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (210) | (42,589) | (1,690) | 6,325 | 17,312 | (2,900) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.