Prudential Financial
Operates PGIM alongside retirement, life insurance, annuity, and workplace-benefit businesses.
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Profile
Combines PGIM’s global asset management with U.S. retirement, group insurance, individual life, and international protection businesses. Revenue comes from premiums, policy charges, asset-based fees, and investment income; long-duration insurance liabilities and a large Japan franchise create material exposure to markets, currencies, policyholder behavior, and regulation.
Combines PGIM’s asset-management platform with retirement, group insurance, individual life, and international protection businesses. PGIM manages public fixed income and equity, private credit, real estate, and multi-asset strategies for institutions, retail clients, and affiliated insurance operations.
Earns premiums and policy charges from insurance and annuities, asset-based fees from investment management, and income on assets backing customer liabilities. International insurance is centered on Japan and extends across selected markets. Credit and real-asset expertise supports third-party mandates and the portfolios behind retirement and insurance obligations.
Separately managed U.S. legacy blocks hold products no longer sold. Results depend on product pricing, investment performance, and matching long-duration assets and liabilities. Interest rates, credit conditions, equity markets, currencies, policyholder behavior, and insurance regulation can materially affect earnings and capital. Prudential of Japan remains under an extended new-sales suspension while strengthening sales-practice oversight and governance.
Company facts
Categories
Key statistics
Year to date +5.2% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Reiterate | Underweight | $111 | $105 | |
| Aug 19, 2026 | Wells Fargo | Reiterate | Underweight | $100 | $110 | |
| Aug 11, 2026 | Piper Sandler | Reiterate | Neutral | $120 | $128 | |
| Jul 15, 2026 | Atlantic Equities | Target | $114 | |||
| Jul 10, 2026 | Jefferies | Reiterate | Hold | $143 | $110 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $3.52 | $4.08 | +15.9% | $14.36B | $14.16B | −1.4% | −2.74% |
| May 5, 2026Q1 FY26 | $3.09 | $3.61 | +16.8% | $14.10B | $15.23B | +8.0% | −0.11% |
| Feb 3, 2026Q4 FY25 | $3.37 | $3.30 | −2.1% | $14.67B | $14.52B | −1.0% | −4.67% |
| Oct 29, 2025Q3 FY25 | $3.72 | $4.26 | +14.5% | $14.14B | $17.95B | +27.0% | +1.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.54B | $13.80B | $17.95B | $15.68B | $15.55B | $15.66B | |
| Gross profit | $4.22B | $4.25B | $5.54B | $4.93B | $4.45B | $5.02B | |
| Operating income | $920.0M | $740.0M | $1.78B | $1.21B | $735.0M | $1.25B | |
| Net income | $707.0M | $533.0M | $1.43B | $905.0M | $597.0M | $909.0M | |
| Diluted EPS | $1.96 | $1.48 | $4.01 | $2.59 | $1.71 | $2.80 | |
| Gross margin | 31.1% | 30.8% | 30.8% | 31.5% | 28.7% | 32.0% | |
| Operating margin | 6.8% | 5.4% | 9.9% | 7.7% | 4.7% | 8.0% |
Fiscal years (4-quarter sums)FY21 $70.78B · FY22 $56.86B · FY23 $54.27B · FY24 $70.68B · FY25 $60.97B
Revenue by product · Q2 FY26
Revenue by geography · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $348.69B · Total debt $20.62B · Total assets $783.55B · Shareholders' equity $31.58B
Dividends
Raised for 17 straight years — most recently to $1.40 from $1.35 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 25, 2026 | Aug 25 | Sep 10 | $1.40 | |
| May 26, 2026 | May 26 | Jun 11 | $1.40 | |
| Feb 17, 2026 | Feb 17 | Mar 12 | $1.40 | raised from $1.35 |
| Nov 18, 2025 | Nov 18 | Dec 11 | $1.35 | |
| Aug 19, 2025 | Aug 19 | Sep 11 | $1.35 | |
| May 20, 2025 | May 20 | Jun 12 | $1.35 | |
| Feb 18, 2025 | Feb 18 | Mar 13 | $1.35 | raised from $1.30 |
| Nov 19, 2024 | Nov 19 | Dec 12 | $1.30 |
Ownership
Shares outstanding 347.00M · Float 346.28M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 32.50M | 9.37% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 22.64M | 6.52% | 13F | Aug 13, 2026 |
| State Street Corp | 17.16M | 4.95% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 16.32M | 4.70% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 11.26M | 3.24% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Ann M. Kappler | officer: EVP and General Counsel | −7,652 | $125.01 |
| May 14, 2026 | Ann M. Kappler | officer: EVP and General Counsel | −13,580 | $103.25 |
| Feb 17, 2026 | Thomas D. Stoddard | director | +250 | $102.97 |
| Feb 11, 2026 | Joseph J. Wolk | director | +400 | $105.32 |
| Feb 6, 2026 | Jacques Chappuis | officer: Executive Vice President | +1,000 | $100.97 |
Peers
- MetLife
Closest broad peer: group benefits, PRT, individual life, and Japan life.
- Apollo Global Management
Athene: #1-2 PRT/FIA insurer; Apollo private credit rivals PGIM alternatives.
- Lincoln Financial
Top-10 U.S. annuities, individual life, and group protection rival.
- Corebridge Financial
U.S. 2nd-largest annuity seller; group benefits and individual retirement rival.
- BlackRock
World largest asset manager ($14T AUM); PGIM institutional benchmark rival.
- Equitable
U.S. retirement and VA peer; AllianceBernstein rivals PGIM; CRBG merger pending.
- Unum Group
U.S. group disability and voluntary benefits leader; Group Insurance rival.
- Jackson Financial
Top-3 U.S. VA provider; direct RILA and retirement income rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| MetLife | $97.91 | +1.46% | $62.10B | 18.5 | 9.2 | 0.8 | +10.0% |
| Apollo Global Management | $135.48 | +0.35% | $77.78B | 30.2 | 13.8 | 2.2 | +63.7% |
| Lincoln Financial | $43.25 | −0.07% | $8.29B | 3.7 | 5.3 | 0.4 | +21.2% |
| Corebridge Financial | $32.50 | −0.35% | $14.54B | 19.1 | 6.4 | 1.5 | +482.9% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Equitable | $49.68 | −1.04% | $13.70B | — | 6.2 | 1.3 | −29.8% |
| Unum Group | $93.38 | +0.31% | $14.73B | 21.7 | 10.4 | 1.1 | −13.8% |
| Jackson Financial | $134.00 | −0.07% | $9.36B | 172.0 | 4.5 | 1.4 | — |
| Median | 21.7 | 7.8 | 1.4 | +21.2% |