Prudential Financial
PRU · NYSELife Insurance · Fiscal year ends Dec 31
Prudential Financial reported revenue of $60.8B in the fiscal year ended Dec 2025, down 13.7% from the year before. Net income was $3.6B. Net debt was $587M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $71.2B | $56.9B | $54B | $70.4B | $60.8B |
| Interest expense | $1.5B | $1.6B | $1.8B | $2B | – |
| Pre-tax income | $10.8B | −$1.9B | $3.1B | $3.2B | $4.7B |
| Income tax | $2B | −$279M | $613M | $507M | $1.1B |
| Net income | $8.9B | −$1.6B | $2.5B | $2.7B | $3.6B |
| Diluted EPS | 22.40 | −4.49 | 6.74 | 7.50 | 9.99 |
| Diluted shares | 390M | 372M | 365M | 359M | 354M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $12.9B | $17.3B | $19.4B | $18.5B | $19.7B |
| Goodwill | $1.8B | $876M | $1.1B | $1.1B | $1.1B |
| Total assets | $938B | $689B | $721B | $736B | $774B |
| Short-term debt | $722M | $775M | $618M | $953M | $1.4B |
| Long-term debt | $18.6B | $19.9B | $18.9B | $19.2B | $18.9B |
| Total liabilities | $875B | $657B | $691B | $705B | $738B |
| Shareholders' equity | $61.9B | $30.6B | $27.8B | $27.9B | $32.4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $9.8B | $5.2B | $6.5B | $8.5B | $6.3B |
| Depreciation & amortisation | $206M | $117M | – | $383M | $128M |
| Stock-based compensation | $268M | $208M | $254M | $314M | $257M |
| Share buybacks | $2.5B | $1.5B | $1B | $1B | $1B |
| Dividends paid | $1.8B | $1.8B | $1.8B | $1.9B | $1.9B |
| Dividend per share | 4.60 | 4.80 | 5.00 | 5.20 | 5.40 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −20.2% | −5.1% | 30.4% | −13.7% |
| EPS growth (YoY) | – | −120.0% | – | 11.3% | 33.2% |
| Net margin | 12.4% | −2.9% | 4.6% | 3.9% | 5.9% |
| Return on equityBlank when equity is negative | 14.3% | −5.4% | 8.9% | 9.8% | 11.0% |
| Cash conversion (CFO ÷ net income) | 1.11x | −3.13x | 2.62x | 3.12x | 1.75x |
| Debt ÷ equity | 0.31x | 0.68x | 0.70x | 0.72x | 0.63x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $6.5B | $3.4B | $81M | $1.6B | $587M |
Recent filings
More in Life Insurance
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.