Prudential Financial, Inc. (PRU) 10-Year Financial Performance & Capital Metrics

PRU • • Insurance & Managed Care

Financial ServicesLife InsuranceDiversified Life & Health InsurersGlobal Diversified Insurers

AboutPrudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. The company offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its general account. It also provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee and membership benefits plans, as well as sells accidental death and dismemberment, and other supplemental health solutions; and provides plan administration services in connection with its insurance coverages. In addition, the company develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States. Further, it provides third-party life, health, Medicare, property and casualty, and term life products to retail shoppers through its digital and independent agent channels. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.Show more

Revenue $70.67B +30.2%
Combined Ratio 95.46% +1.2%
Net Income $2.73B +9.6%
Return on Equity 9.09% +12.9%
Medical Cost Ratio 75.21% +11.2%
Operating Margin 4.54% -19.8%
Net Margin 3.86% -15.8%
ROA 0.37% +6.1%
Equity / Assets 4.1% -1.1%
Book Value per Share 83.85 +2.3%
Tangible BV/Share 78.58 +3.2%
Debt/Equity 0.72 +2.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.5%
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.71%

5Y1.75%

3Y-0.22%

TTM-20.93%

Profit (Net Income) CAGR

10Y7.04%

5Y-8.21%

3Y-32.5%

TTM-36.26%

EPS CAGR

10Y10.01%

5Y-5.8%

3Y-27.29%

TTM-35.26%

ROCE

10Y Avg6.37%

5Y Avg0.35%

3Y Avg0.21%

Latest0.44%

Peer Comparison

Global Diversified Insurers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PUKPrudential plc	40.3B	31.88	18.98	-32.01%	15.46%	21.22%	8.7%	0.25
PRUPrudential Financial, Inc.	40.74B	116.43	15.52	30.24%	4.51%	7.51%	20.87%	0.72
MFCManulife Financial Corporation	63.06B	37.60	13.24	-3.57%	8.24%	11.14%	42.01%	0.27
METMetLife, Inc.	51.33B	77.90	13.11	3.29%	5.43%	13.16%	29.45%	0.68
PRHPrudential Financial, Inc. 5.95		25.10	3.33	30.43%	4.69%	7.51%		0.96
PRSPrudential Financial, Inc. 5.62		24.30	3.24	30.43%	4.69%	7.51%		0.96

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	57.12B	58.79B	59.69B	62.99B	64.8B	57.03B	71.15B	56.99B	54.27B	70.67B
Revenue Growth %	0.06%	0.03%	0.02%	0.06%	0.03%	-0.12%	0.25%	-0.2%	-0.05%	0.3%
Medical Costs & Claims+	36.23B	39.27B	39.2B	44.87B	44.03B	41.82B	42.87B	45.1B	36.71B	53.16B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	20.89B	19.52B	20.5B	18.12B	20.77B	15.21B	28.28B	11.89B	17.55B	17.52B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.28%	-0.07%	0.05%	-0.12%	0.15%	-0.27%	0.86%	-0.58%	0.48%	-0%
Operating Expenses+	13.12B	13.82B	14.01B	13.29B	15.68B	15.54B	17.45B	13.78B	14.48B	14.31B
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	113M	318M	222M	161M	460M	457M	206M	117M	-70M	383M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.77B	5.71B	6.49B	4.83B	5.08B	-323M	10.84B	-1.89B	3.07B	3.21B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	3.42%	-0.27%	0.14%	-0.25%	0.05%	-1.06%	34.54%	-1.17%	2.62%	0.04%
EBITDA+	7.88B	6.02B	6.71B	5B	5.54B	134M	11.04B	-1.77B	3B	3.59B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	1.33B	1.32B	0	0	0	0	0	0	0	0
Non-Operating Income	0	0	0	0	0	0	0	0	0	0
Pretax Income+	7.77B	5.71B	6.49B	4.83B	5.08B	-227M	10.93B	-1.95B	3.12B	3.35B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.07B	1.33B	-1.44B	822M	947M	-81M	2B	-279M	613M	507M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.64B	4.37B	7.86B	4.07B	4.19B	-374M	8.87B	-1.65B	2.49B	2.73B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	3.09%	-0.23%	0.8%	-0.48%	0.03%	-1.09%	24.71%	-1.19%	2.51%	0.1%
EPS (Diluted)+	12.17	9.71	17.86	9.50	10.11	-1.00	19.51	-4.49	6.74	7.50
EPS Growth %	3.21%	-0.2%	0.84%	-0.47%	0.06%	-1.1%	20.51%	-1.23%	2.5%	0.11%
EPS (Basic)	12.37	9.85	18.19	9.64	10.23	-1.00	22.56	-4.49	6.76	7.54
Diluted Shares Outstanding	463.6M	429.57M	436M	426.2M	410.9M	395.8M	390.1M	372.3M	364.6M	359.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	757.39B	783.96B	831.92B	815.08B	896.55B	940.72B	937.58B	689.03B	721.21B	735.59B
Asset Growth %	0.09%	0.04%	0.06%	-0.02%	0.1%	0.05%	-0%	-0.27%	0.05%	0.02%
Total Investment Assets+	417.19B	444.24B	469.87B	479.25B	806.47B	553.62B	492.2B	417.44B	434.73B	444.78B
Long-Term Investments	344.99B	368.42B	389.63B	371.62B	409.9B	458.8B	401.31B	329.55B	342.53B	346.29B
Short-Term Investments	307.7B	338.68B	359.73B	360.13B	396.56B	421.36B	379.07B	312.31B	321.33B	47.9B
Total Current Assets+	3.5B	4.33B	4.35B	3.93B	412.89B	0	0	0	0	0
Cash & Equivalents	17.61B	14.13B	14.49B	15.35B	16.33B	13.7B	12.89B	17.25B	19.42B	18.5B
Receivables	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Current Assets	0	0	0	0	0	-435.06B	-391.96B	-348.55B	-369B	-104.94B
Goodwill & Intangibles+	20.67B	21.12B	21.77B	5.21B	2.57B	4.72B	3.19B	2.02B	2.11B	1.89B
Goodwill	824M	833M	843M	3.01B	863M	3.04B	1.8B	876M	1.07B	1.05B
Intangible Assets	19.85B	20.29B	20.93B	2.2B	1.71B	1.68B	1.39B	1.14B	1.04B	841M
PP&E (Net)	0	0	0	0	554M	0	0	0	0	0
Other Assets	-28.34B	-48.35B	-46.98B	416.47B	-412.48B	-463.52B	-404.51B	-331.57B	-344.63B	-348.19B
Total Liabilities	715.47B	737.87B	777.58B	766.05B	832.83B	872.51B	874.97B	657.11B	691.34B	705.46B
Total Debt+	29.54B	21.32B	20.07B	20.78B	21.85B	20.95B	19.62B	21.06B	20.87B	21.57B
Net Debt	11.93B	7.2B	5.58B	5.43B	5.53B	7.25B	6.73B	3.81B	1.46B	3.07B
Long-Term Debt	28.19B	20.19B	18.69B	18.33B	19.92B	19.72B	18.6B	19.98B	20B	20.36B
Short-Term Debt	1.22B	1.13B	1.38B	2.45B	1.93B	1.23B	1.02B	1.07B	873M	1.21B
Total Current Liabilities+	695.77B	720.06B	759.21B	748.13B	813.52B	0	0	0	0	0
Accounts Payable	0	0	0	0	0	0	0	5.73B	15.73B	17.08B
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-15.51B	-17.26B	-17.44B	-14.5B	793.22B	-22.77B	-19.27B	-7.78B	-18.08B	-19.01B
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Liabilities	665.83B	694.2B	735.15B	747.71B	0	-96.98B	-96.38B	-34.34B	-35.02B	-35.55B
Total Equity+	41.92B	46.09B	54.34B	49.03B	63.72B	68.21B	62.61B	31.92B	29.88B	30.13B
Equity Growth %	0.01%	0.1%	0.18%	-0.1%	0.3%	0.07%	-0.08%	-0.49%	-0.06%	0.01%
Shareholders Equity	41.89B	45.86B	54.07B	48.62B	63.12B	67.42B	61.88B	30.59B	27.82B	27.87B
Minority Interest	33M	225M	275M	414M	604M	785M	732M	1.33B	2.06B	2.25B
Retained Earnings	18.93B	21.95B	28.5B	30.47B	32.99B	30.75B	36.65B	31.71B	32.35B	33.19B
Common Stock	6M	6M	6M	6M	6M	6M	6M	6M	6M	6M
Accumulated OCI	12.29B	14.62B	17.07B	10.91B	24.04B	30.74B	21.32B	-3.81B	-6.5B	-6.71B
Return on Equity (ROE)	0.14%	0.1%	0.16%	0.08%	0.07%	-0.01%	0.14%	-0.03%	0.08%	0.09%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0%	0%	-0%	0.01%	-0%	0%	0%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.70x	0.46x	0.37x	0.42x	0.34x	0.31x	0.31x	0.66x	0.70x	0.72x
Book Value per Share	90.43	107.29	124.64	115.04	155.07	172.33	160.49	85.73	81.94	83.85
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.89B	14.78B	13.45B	21.66B	19.63B	8.37B	9.81B	5.16B	6.51B	8.5B
Operating CF Growth %	-0.28%	0.06%	-0.09%	0.61%	-0.09%	-0.57%	0.17%	-0.47%	0.26%	0.31%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	5.71B	4.42B	7.97B	4.09B	4.24B	-146M	7.79B	-1.46B	2.51B	2.85B
Depreciation & Amortization	113M	318M	222M	161M	460M	457M	204M	124M	-70M	383M
Stock-Based Compensation	164M	202M	263M	155M	231M	242M	284M	220M	0	0
Deferred Taxes	0	0	0	0	-231M	-242M	-284M	-220M	-257M	0
Other Non-Cash Items	-1.91B	-323M	578M	-166M	1.75B	5.03B	-1.49B	5.18B	5.29B	5.68B
Working Capital Changes	9.97B	10.36B	4.67B	17.58B	13.18B	3.03B	3.3B	1.31B	-958M	-412M
Cash from Investing+	-7.75B	-21.55B	-11.93B	-21.63B	-17.03B	-16.21B	-5.34B	-7.64B	-12.12B	-28.59B
Capital Expenditures	0	-1.81B	-2.31B	0	-3.8B	-88M	736M	0	0	0
Acquisitions	0	-532M	-64M	0	-1.75B	1.45B	132M	422M	0	0
Purchase of Investments	-148.9B	-151.76B	-143.09B	-144.89B	-122.72B	-144.49B	-133.06B	-118.59B	-95.59B	-130.21B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-3.4B	-227M	-712M	-3.7B	-437M	-278M	-596M	475M	-2.79B	-3.35B
Cash from Financing+	-3.52B	3.2B	-1.26B	781M	-1.63B	4.88B	-3.01B	4.93B	7.74B	19.39B
Dividends Paid	-1.12B	-1.3B	-1.3B	-1.52B	-1.64B	-1.77B	-1.81B	-1.82B	-1.85B	-1.89B
Share Repurchases	-1.66B	-2.12B	-1.25B	-1.5B	-2.5B	-500M	-2.5B	-1.49B	-1.01B	-1B
Stock Issued	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K
Other Financing	-1.07B	6.34B	1.89B	2.48B	791M	6.92B	2.45B	6.79B	10.98B	21.44B
Net Change in Cash+	2.69B	-3.48B	363M	959M	979M	-2.62B	-921M	4.37B	2.16B	-943M
Exchange Rate Effect	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	14.92B	17.61B	14.13B	14.54B	15.49B	16.47B	13.86B	12.93B	17.3B	19.46B
Cash at End	17.61B	14.13B	14.49B	15.49B	16.47B	13.86B	12.93B	17.3B	19.46B	18.52B
Free Cash Flow+	13.89B	12.97B	11.14B	21.66B	15.82B	8.28B	10.55B	5.16B	6.51B	8.5B
FCF Growth %	-0.03%	-0.07%	-0.14%	0.95%	-0.27%	-0.48%	0.27%	-0.51%	0.26%	0.31%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	29.97	30.19	25.55	50.83	38.5	20.92	27.04	13.85	17.86	23.66

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	86.4%	90.3%	89.13%	92.33%	92.15%	100.57%	84.77%	103.32%	94.34%	95.46%
Medical Cost Ratio	63.42%	66.79%	65.66%	71.24%	67.95%	73.33%	60.25%	79.14%	67.65%	75.21%
Return on Equity (ROE)	13.52%	9.93%	15.66%	7.88%	7.43%	-0.57%	13.56%	-3.48%	8.05%	9.09%
Return on Assets (ROA)	0.78%	0.57%	0.97%	0.49%	0.49%	-0.04%	0.94%	-0.2%	0.35%	0.37%
Equity / Assets	5.54%	5.88%	6.53%	6.02%	7.11%	7.25%	6.68%	4.63%	4.14%	4.1%
Book Value / Share	90.43	107.29	124.64	115.04	155.07	172.33	160.49	85.73	81.94	83.85
Debt / Equity	0.70x	0.46x	0.37x	0.42x	0.34x	0.31x	0.31x	0.66x	0.70x	0.72x
Revenue Growth	5.57%	2.93%	1.53%	5.53%	2.87%	-11.99%	24.76%	-19.91%	-4.77%	30.24%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Retirement	11.82B	7.81B	13.84B	11.58B	9.49B	12.03B	15.3B	24.75B	7.71B	33.32B
Retirement Growth	-	-33.95%	77.29%	-16.33%	-18.06%	26.81%	27.12%	61.81%	-68.85%	332.17%
International Businesses	-	-	-	-	-	-	-	-	-	17.93B
International Businesses Growth	-	-	-	-	-	-	-	-	-	-
Group Insurance	5.14B	4.65B	5.47B	4.99B	5.02B	5.79B	6.22B	6.12B	5.7B	6.43B
Group Insurance Growth	-	-9.61%	17.68%	-8.72%	0.60%	15.17%	7.45%	-1.51%	-6.92%	12.77%
Individual Life	5.23B	2.94B	4.97B	2.98B	3.08B	6.4B	6.9B	7.07B	3.18B	6.2B
Individual Life Growth	-	-43.80%	69.13%	-39.99%	3.28%	107.53%	7.80%	2.57%	-55.05%	94.81%
Life Planner	-	-	-	-	-	-	-	-	7B	-
Life Planner Growth	-	-	-	-	-	-	-	-	-	-
Gibraltar Life and Other	-	-	-	-	-	-	-	-	6.23B	-
Gibraltar Life and Other Growth	-	-	-	-	-	-	-	-	-	-
International Insurance	19.36B	15.81B	21.56B	16.7B	17.23B	21.58B	21.91B	20.07B	-	-
International Insurance Growth	-	-18.34%	36.34%	-22.54%	3.16%	25.24%	1.57%	-8.40%	-	-
Individual Annuities	4.7B	2.72B	5.11B	2.79B	2.75B	4.44B	4.91B	-	-	-
Individual Annuities Growth	-	-42.04%	87.80%	-45.36%	-1.58%	61.57%	10.68%	-	-	-
PGIM1	-	-	-	3.29B	3.59B	-	-	-	-	-
PGIM1 Growth	-	-	-	-	8.96%	-	-	-	-	-
Corporate and Other	-	318M	331M	427M	400M	-	-	-	-	-
Corporate and Other Growth	-	-	4.09%	29.00%	-6.32%	-	-	-	-	-
Assurance IQ	-	-	-	-	101M	-	-	-	-	-
Assurance IQ Growth	-	-	-	-	-	-	-	-	-	-
Investment Management1	-	-	3.35B	-	-	-	-	-	-	-
Investment Management1 Growth	-	-	-	-	-	-	-	-	-	-
Closed Block Division	-	2.62B	-	-	-	-	-	-	-	-
Closed Block Division Growth	-	-	-	-	-	-	-	-	-	-
Asset Management1	2.94B	-	-	-	-	-	-	-	-	-
Asset Management1 Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	36.15B	36.08B	36.57B	40.6B	40.87B	34.92B	45.29B	38.85B	31.03B	48.57B
UNITED STATES Growth	-	-0.20%	1.37%	11.02%	0.65%	-14.55%	29.68%	-14.21%	-20.12%	56.51%
JAPAN	18.18B	19.77B	19.59B	19.13B	19.63B	19.86B	18.85B	15.68B	15.54B	13.76B
JAPAN Growth	-	8.75%	-0.91%	-2.37%	2.62%	1.21%	-5.09%	-16.82%	-0.92%	-11.44%
Non-US	20.97B	22.7B	23.12B	22.39B	23.94B	22.11B	6.8B	5.52B	7.41B	8.08B
Non-US Growth	-	8.26%	1.83%	-3.15%	6.92%	-7.63%	-69.27%	-18.79%	34.26%	9.00%
KOREA, REPUBLIC OF	1.46B	1.44B	1.57B	1.5B	1.64B	364M	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-1.57%	8.90%	-4.59%	9.57%	-77.78%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Prudential Financial, Inc. (PRU) has a price-to-earnings (P/E) ratio of 15.5x. This is roughly in line with market averages.

Growth & Financials

Prudential Financial, Inc. (PRU) grew revenue by 30.2% over the past year. This is strong growth.

Yes, Prudential Financial, Inc. (PRU) is profitable, generating $2.61B in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Prudential Financial, Inc. (PRU) pays a dividend with a yield of 4.52%. This makes it attractive for income-focused investors.

Prudential Financial, Inc. (PRU) has a return on equity (ROE) of 9.1%. This is below average, suggesting room for improvement.

Industry Metrics

Prudential Financial, Inc. (PRU) has a combined ratio of 95.5%. A ratio below 100% indicates underwriting profitability.

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