NYSE: PRU
Prudential Financial
Financials · Life Insurance
52-week range
$91.89$127.72
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$37.2B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $44.7B |
| FY2017, ended Dec 31, 2017 | $48.5B |
| FY2018, ended Dec 31, 2018 | $33.4B |
| FY2019, ended Dec 31, 2019 | $37.2B |
| FY2020, ended Dec 31, 2020 | $31.0B |
| FY2021, ended Dec 31, 2021 | $40.7B |
| FY2022, ended Dec 31, 2022 | $36.4B |
| FY2023, ended Dec 31, 2023 | $37.2B |
| FY2024, ended Dec 31, 2024 | $42.0B |
| FY2025, ended Dec 31, 2025 | $39.3B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $37.2B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$64.8B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $58.8B |
| FY2017, ended Dec 31, 2017 | $59.7B |
| FY2018, ended Dec 31, 2018 | $63.0B |
| FY2019, ended Dec 31, 2019 | $64.8B |
| FY2020, ended Dec 31, 2020 | $57.0B |
| FY2021, ended Dec 31, 2021 | $71.2B |
| FY2022, ended Dec 31, 2022 | $56.9B |
| FY2023, ended Dec 31, 2023 | $54.0B |
| FY2024, ended Dec 31, 2024 | $70.4B |
| FY2025, ended Dec 31, 2025 | $60.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $64.8B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$3.92B
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| Period | Net income |
|---|---|
| FY2016, ended Dec 31, 2016 | $4.37B |
| FY2017, ended Dec 31, 2017 | $7.86B |
| FY2018, ended Dec 31, 2018 | $4.07B |
| FY2019, ended Dec 31, 2019 | $4.19B |
| FY2020, ended Dec 31, 2020 | −$374M |
| FY2021, ended Dec 31, 2021 | $8.87B |
| FY2022, ended Dec 31, 2022 | −$1.65B |
| FY2023, ended Dec 31, 2023 | $2.49B |
| FY2024, ended Dec 31, 2024 | $2.73B |
| FY2025, ended Dec 31, 2025 | $3.58B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $3.92B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$15.2B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $14.1B |
| FY2017, ended Dec 31, 2017 | $14.5B |
| FY2018, ended Dec 31, 2018 | $15.4B |
| FY2019, ended Dec 31, 2019 | $16.3B |
| FY2020, ended Dec 31, 2020 | $13.7B |
| FY2021, ended Dec 31, 2021 | $12.9B |
| FY2022, ended Dec 31, 2022 | $17.3B |
| FY2023, ended Dec 31, 2023 | $19.4B |
| FY2024, ended Dec 31, 2024 | $18.5B |
| FY2025, ended Dec 31, 2025 | $19.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $15.2B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$20.6B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $19.2B |
| FY2017, ended Dec 31, 2017 | $18.6B |
| FY2018, ended Dec 31, 2018 | $19.8B |
| FY2019, ended Dec 31, 2019 | $20.6B |
| FY2020, ended Dec 31, 2020 | $20.6B |
| FY2021, ended Dec 31, 2021 | $19.3B |
| FY2022, ended Dec 31, 2022 | $20.7B |
| FY2023, ended Dec 31, 2023 | $19.5B |
| FY2024, ended Dec 31, 2024 | $20.1B |
| FY2025, ended Dec 31, 2025 | $20.3B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $20.6B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 19.8% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.345M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 430M |
| FY2017, ended Dec 31, 2017 | 422M |
| FY2018, ended Dec 31, 2018 | 409M |
| FY2019, ended Dec 31, 2019 | 397M |
| FY2020, ended Dec 31, 2020 | 397M |
| FY2021, ended Dec 31, 2021 | 376M |
| FY2022, ended Dec 31, 2022 | 366M |
| FY2023, ended Dec 31, 2023 | 359M |
| FY2024, ended Dec 31, 2024 | 354M |
| FY2025, ended Dec 31, 2025 | 348M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 345M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $1.00B more bought back than issued
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $2.00B | $202M | — |
| FY2017, ended Dec 31, 2017 | $1.25B | $263M | — |
| FY2018, ended Dec 31, 2018 | $1.50B | $155M | — |
| FY2019, ended Dec 31, 2019 | $2.50B | $231M | $454M |
| FY2020, ended Dec 31, 2020 | $500M | $226M | — |
| FY2021, ended Dec 31, 2021 | $2.50B | $268M | — |
| FY2022, ended Dec 31, 2022 | $1.49B | $208M | — |
| FY2023, ended Dec 31, 2023 | $1.01B | $254M | — |
| FY2024, ended Dec 31, 2024 | $1.00B | $314M | — |
| FY2025, ended Dec 31, 2025 | $1.00B | $257M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.00B | — | — |
Revenue (TTM)
$64.8B
+9.4% YoY
Net income (TTM)
$3.92B
+140% YoY
Cash
$15.2B
−8.9% YoY
Total debt
$20.6B
+3.0% YoY
Valuation
At current price- Market Cap
- $40.2B
- P/E
- 10.3×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.6×
- Price / Book
- 1.3×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $64.8B
- Revenue Growth YoY
- 9.4%
- Revenue CAGR 3Y
- 2.2%
- Revenue CAGR 5Y
- 1.3%
- EPS Growth YoY
- 143%
- Net Income Growth YoY
- 140%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 6.0%
- FCF Margin
- —. Free cash flow / revenue
- Return on Equity
- 12.6%
Earnings
Trailing 12 months- Net Income
- $3.92B
- EPS (diluted)
- $11.03
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $15.2B
- Total Debt
- $20.6B
- Net Debt
- $5.46B
- Total Assets
- $784B
- Total Liabilities
- $749B
- Shareholders' Equity
- $31.6B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $11.0B
- Capital Expenditure
- —
- Free Cash Flow
- —. Operating cash flow − capital expenditure
Dividends and risk
Last 12 months- Dividend Yield
- 4.8%
- Dividend / Share
- $5.55
- Beta (5Y)
- 0.86
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 9.4% year over year, at $64.8B.
Note
Net margin of 6.0% over the last 12 months.
Strength
Share count is down 2.0% in a year, from buybacks.
Note
Pays a 4.8% dividend yield.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 12, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K72Good news
72Good news
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 13, 2025 · Read the filing on EDGAR
- Revenue jumped 30% to $70.4 billion, mostly from large pension risk transfer deals, and profit rose 10% to $2.73 billion.
- Total profit from its business units rose to $5.9 billion. PGIM (investment management) and retirement improved, while Individual Life lost more and international earned slightly less.
- Prudential found an error that had overstated its adjusted operating income for indexed annuities. It cut the figures by $149 million (2024) and $55 million (2023); reported net income was unaffected.
- It kept cutting risk: life insurance reinsurance deals with Somerset Re and Wilton Re, a decision to exit Assurance IQ, and the sale of its Argentina unit.
Business momentum
Strong improvement
“This increase primarily reflected higher pension risk transfer premiums due to significant sales in the current year”
Outlook
Positive
“We feel confident about our prospects for the future based on the foundation of our integrated and complementary businesses.”
Financial stress
Low
“As of December 31, 2024 and 2023, the Company was in compliance with all debt covenants related to the borrowings in the table above.”
Tone against the previous report
About the same
Red flags
- Minor
Other
“the Company identified an immaterial error in the application of adjusted operating income, which resulted in an overstatement thereof for indexed variable and fixed annuity products”
Positives
PGIM earnings and assets grew
“PGIM’s assets under management increased $77 billion in 2024, primarily driven by equity market appreciation, fixed income net inflows and strong investment performance.”
Strong pension risk transfer sales
“net additions primarily driven by significant pension risk transfer transactions, including funded pension risk transfer and international reinsurance sales”
Higher interest rates helping investment income
“our average reinvestment yield is generally now exceeding our current average portfolio yield.”
Concerns
Individual Life losses widened
“Individual Life. Results for 2024 decreased in comparison to 2023, inclusive of an unfavorable comparative net impact from our annual reviews and update of assumptions and other refinements.”
Annuity guarantee hedging cost profit
“$453 million unfavorable variance reflecting the change in value of market risk benefits, net of related hedging gains (losses)”
Money leaving variable annuities
“The decrease in fee income, net of distribution expenses, resulted from lower average separate account values due to net outflows”
New risks since the previous report
Pension reforms in Latin America
“pension system reforms being proposed in some jurisdictions (including Chile, Colombia and Peru) may limit the role of private companies, fundamentally changing our business in these markets.”
Entering the medical stop loss market
“including entering the medical stop loss market with coverage effective dates starting from January 1, 2025”
Swings from reinsurance funds-withheld accounting
“can generate significant volatility in net income depending on market conditions.”
Ratings agency turned less positive on the industry
“Fitch revised their outlook for the sector to Neutral from Improving in December 2024.”
Biggest risks named
- Swings in interest rates, stock markets and the yen
- Credit losses and defaults in the investment portfolio
- Variable annuity guarantees and whether hedges work
- Mortality, sickness and customer behaviour differing from assumptions
- Cyberattacks, data breaches and AI-related risks
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | +3 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −0.9 | |
| New risks | −2 | |
| Score | 72 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 12, 2026 | Pro | |||
| 10-K | Feb 13, 2025 | 72 | Strong improvement | 1 minor | |
| 10-K | Feb 21, 2024 | 57 | Mixed | 3 minor | |
| 10-K | Feb 16, 2023 | 39 | Sharp deterioration | 2 medium | |
| 10-K | Feb 17, 2022 | 72 | Strong improvement | 1 medium | |
| 10-K | Feb 19, 2021 | 36 | Sharp deterioration | 1 medium1 minor | |
| 10-K | Feb 14, 2020 | 61 | Stable | None | |
| 10-K | Feb 15, 2019 | 44 | Sharp deterioration | 1 medium | |
| 10-K | Feb 16, 2018 | 68 | Improving | 1 minor | |
| 10-K | Feb 17, 2017 | 51 | Mixed | 1 medium |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 5, 2026. View filings on SEC EDGAR