10-K · February 12, 2026
Prudential’s 2025 Form 10-K emphasizes a strategy to capture the convergence of global retirement and asset management, anchored by PGIM and its insurance/retirement franchises. The company reports scale in asset…
Earnings analysis · 10-Q
PRU earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Prudential Financial, Inc. posted strong Q1 2026 earnings, with a net income of $597 million, translating to an EPS of $3.61, surpassing estimates of $3.13. Total revenues rose to $15.526 billion, a $2.056 billion…
Read full summary
Prudential Financial, Inc. posted strong Q1 2026 earnings, with a net income of $597 million, translating to an EPS of $3.61, surpassing estimates of $3.13. Total revenues rose to $15.526 billion, a $2.056 billion increase year-over-year, driven by higher premiums and net investment income despite challenges in the Japanese market due to a sales suspension. Adjusted operating income across key segments showed mixed results, with significant impacts from operational shifts and regulatory factors.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.61
- Segment
- PGIM
- Segment
- U.S. Businesses
- Segment
- International Businesses
- Segment
- Corporate and Other
What stood out
-
Strong EPS Beat
EPS reported at $3.61, exceeding estimates of $3.13 by 15.3%.
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Revenue Growth
Total revenues increased by $2.056 billion to $15.526 billion compared to $13.470 billion in Q1 2025.
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Adjusted Operating Income Growth
Total segment adjusted operating income rose to $1.626 billion from $1.520 billion year-over-year.
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Higher Investment Income
Net investment income improved to $5.665 billion, up $535 million from Q1 2025.
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Improved PGIM Performance
PGIM's operating income rose to $190 million from $156 million last year.
-
Shareholder Returns
The company repurchased 3.3 million shares and paid a $1.40 per share dividend totaling $496 million.
What to watch
-
Sales Suspension in Japan
The suspension of sales activities in Japan is expected to reduce International Businesses’ adjusted operating income by $130 million in Q1 2026.
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Higher Corporate Expenses
Increased corporate and remediation costs impacted overall profitability.
-
Interest Rate Sensitivity
Fluctuations in interest rates could impact investment income and market valuations.
Management's outlook
Management expects continued resilience in core operations but highlights risks from international sales disruptions and market conditions.
Earlier filings 4
10-Q · May 1, 2025
Prudential reported Q1 2025 revenues of $13,470 million (down from $23,509 million in Q1 2024) and diluted EPS of $1.96 (down from $3.12). While operating margin (income before taxes / revenues) improved to ~6.8% from…
10-K · February 13, 2025
Prudential’s 2024 Form 10-K emphasizes a strategy to leverage a “mutually‑reinforcing business system” across PGIM, U.S. Businesses and International Businesses to be a higher‑growth, less market‑sensitive company. The…
10-Q · August 2, 2024
Prudential reported Q2 2024 total revenues of $14,883 million and diluted EPS of $3.28, both sharply higher versus Q2 2023. Operating cash flow improved materially in the six months (net cash provided $5,075 million vs…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.