Prudential Financial, Inc. (PRU) FY2025 Annual P&L / Income Statement

Prudential Financial, Inc. (PRU) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

60,774,000,000 US dollars

Total benefits and expenses

56,118,000,000 US dollars

Operating profit (calculated)

4,656,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES

4,656,000,000 US dollars

Total income tax expense (benefit)

1,053,000,000 US dollars

NET INCOME (LOSS)

3,732,000,000 US dollars

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)

30,797,000,000 US dollars

Policy charges and fee income

4,666,000,000 US dollars

Net Investment Income

21,473,000,000 US dollars

Asset management and service fees

4,019,000,000 US dollars

Other income (loss)

4,426,000,000 US dollars

Policyholders’ benefits

35,224,000,000 US dollars

Change in estimates of liability for future policy benefits

103,000,000 US dollars

Interest credited to policyholders’ account balances

5,068,000,000 US dollars

Dividends to policyholders

1,076,000,000 US dollars

Amortization of deferred policy acquisition costs

1,635,000,000 US dollars

Goodwill impairment

0 US dollars

General and administrative expenses

13,012,000,000 US dollars

Revenue before reconciliation (calculated)

65,381,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Realized investment gains (losses), net

negative 4,132,000,000 US dollars. Reported reconciliation to consolidated revenue.

Change in value of market risk benefits, net of related hedging gains (losses)

negative 475,000,000 US dollars. Reported reconciliation to consolidated revenue.

Equity in earnings of joint ventures and other operating entities, net of taxes

129,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.