A major American financial services company that sells life insurance, annuities, retirement plans, and investment products to individuals and employers. Founded in 1875 in Newark, New Jersey, by John F. Dryden as The Widows and Orphans Friendly Society, it aimed to bring affordable insurance to working-class families. Its Rock of Gibraltar symbol came from an advertising agent who, riding a train past a rocky hill in New Jersey, was reminded of Gibraltar's strength. The company went public in 2001.
Prudential Financial reports Q2 2026 net income of $985M, up from $533M year-ago.
Net income attributable to Prudential Financial, Inc. was $985 million, or $2.80 per Common share, for Q2 2026, compared to $533 million, or $1.48 per share, in Q2 2025.
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After-tax adjusted operating income was $1.438 billion, or $4.08 per Common share, versus $1.284 billion, or $3.58 per share, in the year-ago quarter.
Book value per Common share was $90.50, and adjusted book value per Common share was $100.91, compared to $85.98 and $96.41, respectively, in the year-ago quarter.
Assets under management totaled $1.642 trillion, up from $1.580 trillion in the year-ago quarter.
Capital returned to shareholders was $743 million, including $250 million of share repurchases and $493 million of dividends.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Prudential Japan subsidiaries update reimbursement progress for employee misconduct claims.
On July 24, 2026, Prudential Financial's Japanese subsidiaries issued a press release updating remediation of previously disclosed employee misconduct in Japan.
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Of 498 individuals with claims totaling 3.08 billion yen from the January 16 disclosure, review or reimbursement was completed for 437 individuals (2.85 billion yen) as of July 8.
For inquiries received after January 16, the Customer Reimbursement Committee completed reviews of 365 individuals, with 125 eligible for reimbursement totaling 792 million yen.
The Customer Reimbursement Committee, composed of independent third parties, determines reimbursement eligibility and amounts, prioritizing sincere and prompt reimbursement.
The Prudential Group plans to provide quarterly updates on reimbursement progress and continues implementing recurrence prevention measures.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
PGIM assets under management were $1.49 trillion as of June 30, 2026.
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PGIM other related revenues, net of related expenses, were approximately $60 million on an AOI basis for Q2 2026.
General Account alternative investment income is estimated to be $20-$40 million below near-term expectations for Q2 2026.
Expected one-time AOI impacts from actuarial assumption updates: Retirement $(90)M, International Businesses $80M, Group Insurance $30M, Individual Life $30M, U.S. Legacy Products $15M.
Full quarterly earnings release is scheduled for August 4, 2026.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure
Prudential Financial closes $750M sale of 6.250% junior subordinated notes due 2056
The notes were sold under an underwriting agreement dated June 1, 2026, with Wells Fargo Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC as representatives of the underwriters.
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On June 4, 2026, Prudential Financial, Inc. closed the sale of $750,000,000 aggregate principal amount of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
The notes are governed by a subordinated debt securities indenture dated June 17, 2008, and a Twenty-First Supplemental Indenture dated June 4, 2026, with The Bank of New York Mellon as trustee.
The company filed related exhibits including the underwriting agreement, supplemental indenture, form of note, legal opinions, and consents.
The event was reported under Item 8.01 as an other event, with exhibits filed under Item 9.01.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Prudential Financial shareholders elect all 11 director nominees and approve executive compensation at 2026 annual meeting.
All 11 director nominees were elected to one-year terms at the May 12, 2026 annual meeting, with vote counts ranging from about 188.1 million to 204.7 million votes for each nominee.
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Shareholders ratified the appointment of PricewaterhouseCoopers LLP as independent auditor with 237,761,197 votes for, 18,024,468 against, and 846,548 abstentions.
The advisory vote on named executive officer compensation was approved with 187,589,393 votes for, 18,087,320 against, and 2,053,673 abstentions.
A shareholder proposal for an independent board chairman was not approved, receiving 62,771,534 votes for and 142,955,865 against.
The report was filed under Item 5.07 to disclose the results of the matters submitted to a vote at the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
Prudential reports Q1 2026 net income of $597M, adjusted operating income of $1.278B
Net income attributable to Prudential Financial, Inc. was $597 million, or $1.68 per Common share, for Q1 2026, compared to $707 million, or $1.96 per share, in Q1 2025.
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After-tax adjusted operating income was $1.278 billion, or $3.61 per Common share, versus $1.188 billion, or $3.29 per share, in the year-ago quarter.
Book value per Common share was $91.28, and adjusted book value per Common share was $99.79, compared to $83.59 and $96.37, respectively, in Q1 2025.
Assets under management totaled $1.576 trillion, up from $1.522 trillion in the year-ago quarter.
Capital returned to shareholders was $746 million, including $250 million of share repurchases and $496 million of dividends.
PGIM adjusted operating income rose 22% to $190 million; U.S. Businesses rose 3% to $956 million; International Businesses fell 4% to $810 million; Corporate & Other loss narrowed to $330 million.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Prudential of Japan extends voluntary new sales suspension by an additional 180 days.
The extension follows the 90-day voluntary sales suspension that began on February 9, 2026.
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The extension reflects the time required for operational, governance, organizational, and related changes necessary to resume sales.
Support for existing POJ customers and servicing of in-force policies remain unaffected.
Prudential Financial's Chairman & CEO and CFO will host a conference call on April 21, 2026 at 5:30 p.m. ET to discuss the extension and estimated financial impacts.
An independent third-party review of POJ's management system is ongoing and expected to take several months to complete.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits