PFH · As filed with the SEC
Prudential Financial balance sheet, by fiscal year
The statement as Prudential Financial presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Prudential Financial reported Q3 2026 results in an 8-K on Nov 3 (8-K, Nov 3). These statements come from the 10-Q and 10-K, so they update when the 10-Q is filed (expected ~Nov 4, deadline Nov 9). Usually files the day after earnings.
Consolidated Statements of Financial Position · USD millions
| USD millions | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| 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 | 311,570 | 316,321 | 307,719 | 372,410 | 412,905 |
| Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses (allowance for credit losses: 2022-$2; 2021-$5) (fair value: 2022-$1,455; 2021-$1,803) | — | — | — | 1,296 | 1,514 | 1,930 |
| Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses (allowance for credit losses: 2023-$0; 2022-$2) (fair value: 2023-$0; 2022-$1,455)(1) | — | — | 0 | — | — | — |
| Fixed maturities, trading, at fair value (amortized cost: 2025-$15,536; 2024-$13,631) | 14,869 | 12,530 | 9,790 | 5,951 | 8,823 | 3,914 |
| Assets supporting experience-rated contractholder liabilities, at fair value | 4,842 | 3,707 | 3,168 | 2,844 | 3,358 | 24,115 |
| Equity securities, at fair value (cost: 2025-$8,303; 2024-$7,043) | 10,972 | 9,417 | 8,242 | 7,150 | 8,574 | 8,135 |
| 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 | 62,341 | 59,305 | 56,745 | 58,666 | 65,425 |
| Policy loans | 9,958 | 9,795 | 10,047 | 10,046 | 10,386 | 11,271 |
| 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 | 26,351 | 22,855 | 21,099 | 21,833 | 18,125 |
| Short-term investments (net of allowance for credit losses: 2025-$0; 2024-$0) | 6,414 | 9,069 | 5,005 | 4,591 | 6,635 | 7,800 |
| Total investments | 470,519 | 444,780 | 434,733 | 417,441 | 492,199 | 553,620 |
| Cash and cash equivalents | 19,712 | 18,497 | 19,419 | 17,251 | 12,888 | 13,701 |
| Accrued investment income | 3,636 | 3,441 | 3,287 | 3,012 | 2,855 | 3,193 |
| Deferred policy acquisition cost | 21,530 | 20,448 | 20,856 | 19,537 | 18,192 | 19,027 |
| Value of business acquired | 397 | 435 | 530 | 595 | 771 | 1,103 |
| Market risk benefit assets | 2,330 | 2,331 | 1,981 | — | — | — |
| 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 | 37,680 | 27,311 | — | — | — |
| Income Tax Assets | 279 | 866 | 939 | 4,214 | — | — |
| Assets held-for-sale | — | — | — | 0 | 153,793 | 0 |
| 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 | 13,737 | 13,179 | 30,188 | 10,739 | 22,801 |
| Separate account assets | 196,251 | 193,372 | 198,888 | 197,679 | 246,145 | 327,277 |
| TOTAL ASSETS | 773,740 | 735,587 | 721,123 | 689,917 | 937,582 | 940,722 |
| LIABILITIES, MEZZANINE EQUITY AND EQUITY | ||||||
| LIABILITIES | ||||||
| Future policy benefits | — | — | — | 284,452 | 290,784 | 306,343 |
| Future policy benefits | 266,914 | 268,912 | 273,281 | — | — | — |
| Policyholders' account balances | 191,307 | 166,254 | 147,018 | 135,602 | 122,633 | 161,682 |
| Market risk benefit liabilities | 4,623 | 4,455 | 5,467 | — | — | — |
| Policyholder's dividends | 1,272 | 718 | 1,475 | 694 | 8,731 | 9,524 |
| Securities sold under agreements to repurchase | 9,598 | 6,796 | 6,056 | 6,589 | 10,185 | 10,894 |
| Cash collateral for loaned securities | 8,700 | 9,621 | 6,477 | 6,100 | 4,251 | 3,499 |
| Reinsurance and funds withheld payables (includes $174 and $(118) of embedded derivatives at fair value at December 31, 2025 and 2024, respectively) | 18,844 | 17,084 | 15,729 | — | — | — |
| Income tax Liabilities | — | — | 0 | 0 | 9,513 | 12,022 |
| Short-term debt | 1,443 | 953 | 618 | 775 | 722 | 925 |
| Long-term debt | 18,856 | 19,187 | 18,882 | 19,908 | 18,622 | 19,718 |
| Liabilities held-for-sale | — | — | — | 0 | 151,359 | 0 |
| 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 | 16,679 | 16,071 | 20,536 | 11,755 | 20,323 |
| 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 | 1,430 | 1,374 | 374 | 274 | 305 |
| Separate account liabilities | 196,251 | 193,372 | 198,888 | 197,679 | 246,145 | 327,277 |
| Total liabilities | 738,159 | 705,461 | 691,336 | 672,709 | 874,974 | 872,512 |
| Redeemable noncontrolling interests | 2,794 | 1,939 | 524 | — | — | — |
| Total mezzanine equity | 2,794 | 1,939 | 524 | — | — | — |
| EQUITY | ||||||
| Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued) | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 6 | 6 | 6 | 6 | 6 |
| Additional paid-in capital | 26,013 | 25,901 | 25,746 | 25,747 | 25,732 | 25,584 |
| Common Stock held in treasury, at cost (318,361,498 and 311,738,187 shares at December 31, 2025 and 2024, respectively) | (25,335) | (24,511) | (23,780) | (23,068) | (21,838) | (19,652) |
| Accumulated other comprehensive income (loss) | (3,077) | (6,711) | (6,504) | (19,827) | 21,324 | 30,738 |
| Retained Earnings | 34,831 | 33,187 | 32,352 | 33,392 | 36,652 | 30,749 |
| Total Prudential Financial, Inc. equity | 32,438 | 27,872 | 27,820 | 16,250 | 61,876 | 67,425 |
| Noncontrolling Interests | 349 | 315 | 1,443 | 958 | 732 | 785 |
| Total equity | 32,787 | 28,187 | 29,263 | 17,208 | 62,608 | 68,210 |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY | 773,740 | 735,587 | 721,123 | 689,917 | 937,582 | 940,722 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.