# Prudential Financial, Inc. (PRU) FY2025 Annual Balance Sheet

- Company: Prudential Financial, Inc. (PRU)
- Period: As of 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-12, accession number 0001137774-26-000048
- Page: https://plicit.ai/financials/pru/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pru-fy2025-annual-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 773,740,000,000 US dollars
- **Liabilities**: 738,159,000,000 US dollars
- **Equity**: 32,787,000,000 US dollars
- **Redeemable noncontrolling interests**: 2,794,000,000 US dollars
- **Noncontrolling interest**: 349,000,000 US dollars. Included in consolidated equity; this amount is not added again.
- **Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2025-$183; 2024-$331) (amortized cost: 2025-$357,996; 2024-$341,004)**: 331,455,000,000 US dollars
- **Separate account assets**: 196,251,000,000 US dollars
- **Commercial mortgage and other loans (net of $469 and $574 allowance for credit losses; includes $1,056 and $702 of loans measured at fair value under the fair value option at December 31, 2025 and 2024, respectively)**: 64,715,000,000 US dollars
- **Reinsurance recoverables and deposit receivables (net of $14 and $12 allowance for credit losses; includes $573 and $849 of embedded derivatives at fair value at December 31, 2025 and 2024, respectively)**: 44,077,000,000 US dollars
- **Other invested assets (net of $2 and $2 allowance for credit losses; includes $8,285 and $7,574 of assets measured at fair value at December 31, 2025 and 2024, respectively)**: 27,294,000,000 US dollars
- **Deferred policy acquisition cost**: 21,530,000,000 US dollars
- **Cash and cash equivalents**: 19,712,000,000 US dollars
- **Other assets (net of $1 and $2 allowance for credit losses; includes $0 and $0 of assets at fair value at December 31, 2025 and 2024, respectively)**: 15,009,000,000 US dollars
- **Fixed maturities, trading, at fair value (amortized cost: 2025-$15,536; 2024-$13,631)**: 14,869,000,000 US dollars
- **Equity securities, at fair value (cost: 2025-$8,303; 2024-$7,043)**: 10,972,000,000 US dollars
- **Policy loans**: 9,958,000,000 US dollars
- **Short-term investments (net of allowance for credit losses: 2025-$0; 2024-$0)**: 6,414,000,000 US dollars
- **Assets supporting experience-rated contractholder liabilities, at fair value**: 4,842,000,000 US dollars
- **Accrued investment income**: 3,636,000,000 US dollars
- **Market risk benefit assets**: 2,330,000,000 US dollars
- **Value of business acquired**: 397,000,000 US dollars
- **Income Tax Assets**: 279,000,000 US dollars
- **Future policy benefits**: 266,914,000,000 US dollars
- **Separate account liabilities**: 196,251,000,000 US dollars
- **Policyholders' account balances**: 191,307,000,000 US dollars
- **Long-term debt**: 18,856,000,000 US dollars
- **Reinsurance and funds withheld payables (includes $174 and $(118) of embedded derivatives at fair value at December 31, 2025 and 2024, respectively)**: 18,844,000,000 US dollars
- **Other liabilities (includes $16 and $14 allowance for credit losses and $6,215 and $4,751 of derivatives at fair value at December 31, 2025 and 2024, respectively)**: 17,692,000,000 US dollars
- **Securities sold under agreements to repurchase**: 9,598,000,000 US dollars
- **Cash collateral for loaned securities**: 8,700,000,000 US dollars
- **Market risk benefit liabilities**: 4,623,000,000 US dollars
- **Notes issued by consolidated variable interest entities (includes $767 and $60 measured at fair value under the fair value option at December 31, 2025 and 2024, respectively)**: 2,659,000,000 US dollars
- **Short-term debt**: 1,443,000,000 US dollars
- **Policyholder's dividends**: 1,272,000,000 US dollars
- **Retained Earnings**: 34,831,000,000 US dollars
- **Additional paid-in capital**: 26,013,000,000 US dollars
- **Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of both December 31, 2025 and 2024)**: 6,000,000 US dollars
- **Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)**: 0 US dollars
- **Noncontrolling Interests**: 349,000,000 US dollars
- **Common Stock held in treasury, at cost (318,361,498 and 311,738,187 shares at December 31, 2025 and 2024, respectively)**: negative 25,335,000,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 3,077,000,000 US dollars
- **Gross equity (calculated)**: 61,199,000,000 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.