# Prudential Financial, Inc. (PRU) FY2024 Annual Balance Sheet

- Company: Prudential Financial, Inc. (PRU)
- Period: As of 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-13, accession number 0001137774-25-000044
- Page: https://plicit.ai/financials/pru/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pru-fy2024-annual-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 735,587,000,000 US dollars
- **Liabilities**: 705,461,000,000 US dollars
- **Equity**: 28,187,000,000 US dollars
- **Redeemable noncontrolling interests**: 1,939,000,000 US dollars
- **Noncontrolling interest**: 315,000,000 US dollars. Included in consolidated equity; this amount is not added again.
- **Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2024-$331; 2023-$160) (amortized cost: 2024-$341,004; 2023-$334,598)**: 311,570,000,000 US dollars
- **Separate account assets**: 193,372,000,000 US dollars
- **Total net loans**: 62,341,000,000 US dollars
- **Reinsurance recoverables and deposit receivables (net of $12 and $12 allowance for credit losses; includes $849 and $149 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively)**: 37,680,000,000 US dollars
- **Other invested assets (net of $2 and $1 allowance for credit losses; includes $7,573 and $6,074 of assets measured at fair value at December 31, 2024 and 2023, respectively)**: 26,351,000,000 US dollars
- **Deferred policy acquisition cost**: 20,448,000,000 US dollars
- **Cash and cash equivalents**: 18,497,000,000 US dollars
- **Other assets (net of $2 and $3 allowance for credit losses; includes $0 and $11 of assets at fair value at December 31, 2024 and 2023, respectively)**: 13,737,000,000 US dollars
- **Fixed maturities, trading, at fair value (amortized cost: 2024-$13,631; 2023-$10,624)**: 12,530,000,000 US dollars
- **Policy loans**: 9,795,000,000 US dollars
- **Equity securities, at fair value (cost: 2024-$7,043; 2023-$5,786)**: 9,417,000,000 US dollars
- **Short-term investments (net of allowance for credit losses: 2024-$0; 2023-$0)**: 9,069,000,000 US dollars
- **Assets supporting experience-rated contractholder liabilities, at fair value**: 3,707,000,000 US dollars
- **Accrued investment income**: 3,441,000,000 US dollars
- **Market risk benefit assets**: 2,331,000,000 US dollars
- **Income Tax Assets**: 866,000,000 US dollars
- **Value of business acquired**: 435,000,000 US dollars
- **Future policy benefits**: 268,912,000,000 US dollars
- **Separate account liabilities**: 193,372,000,000 US dollars
- **Policyholders' account balances**: 166,254,000,000 US dollars
- **Long-term debt**: 19,187,000,000 US dollars
- **Reinsurance and funds withheld payables (includes $(118) and $490 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively)**: 17,084,000,000 US dollars
- **Other liabilities (includes $14 and $15 allowance for credit losses and $4,751 and $4,175 of derivatives at fair value at December 31, 2024 and 2023, respectively)**: 16,679,000,000 US dollars
- **Cash collateral for loaned securities**: 9,621,000,000 US dollars
- **Securities sold under agreements to repurchase**: 6,796,000,000 US dollars
- **Market risk benefit liabilities**: 4,455,000,000 US dollars
- **Notes issued by consolidated variable interest entities (includes $60 and $778 measured at fair value under the fair value option at December 31, 2024 and 2023, respectively)**: 1,430,000,000 US dollars
- **Short-term debt**: 953,000,000 US dollars
- **Policyholder's dividends**: 718,000,000 US dollars
- **Retained Earnings**: 33,187,000,000 US dollars
- **Additional paid-in capital**: 25,901,000,000 US dollars
- **Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of both December 31, 2024 and 2023)**: 6,000,000 US dollars
- **Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)**: 0 US dollars
- **Noncontrolling Interests**: 315,000,000 US dollars
- **Common Stock held in treasury, at cost (311,738,187 and 307,089,216 shares at December 31, 2024 and 2023, respectively)**: negative 24,511,000,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 6,711,000,000 US dollars
- **Gross equity (calculated)**: 59,409,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

### Chart connections

- Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.