The company's capital position appears increasingly strained, with total liabilities of $730.5 billion significantly outweighing a diminished equity base of $2.6 billion as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Assets | 765.4B | 773.74B | 735.59B | 721.21B | 689.03B | 937.58B | 940.72B | 896.55B | 815.08B | 832.14B | 783.96B | 757.25B | 766.65B | 731.78B | 709.24B |
| Asset Growth % | 16.95% | 5.19% | 1.99% | 4.67% | -26.51% | -0.33% | 4.93% | 10% | -2.05% | 6.14% | 3.53% | -1.23% | 4.77% | 3.18% | - |
| Total Investment Assets | 3M | 666.77B | 638.15B | 633.62B | 615.12B | 738.34B | 880.9B | 835.04B | 758.38B | 776.49B | 731.88B | 702.76B | 716.42B | 683.23B | 658.84B |
| Long-Term Investments | 1.99T | 666.77B | 638.15B | 633.62B | 615.12B | 738.34B | 880.9B | 835.04B | 758.38B | 776.49B | 731.88B | 702.76B | 716.42B | 683.23B | 658.84B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 59.15B | 19.75B | 18.52B | 19.46B | 17.3B | 12.93B | 13.86B | 16.47B | 15.49B | 14.54B | 14.18B | 17.75B | 15.06B | 11.6B | 18.17B |
| Cash & Equivalents | 15.94B | 19.75B | 18.52B | 19.46B | 17.3B | 12.93B | 13.86B | 16.47B | 15.49B | 14.54B | 14.18B | 17.75B | 15.06B | 11.6B | 18.17B |
| Receivables | 43.21B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 41.83B | 28.69B | 24.9B | 30.88B | 37.07B | 38.12B | 34.64B | 24.66B | 34.73B | 28.96B | 35.63B | 31.98B | 27.74B |
| Goodwill & Intangibles | 23.41B | 23.41B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 1.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 22.32B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 366M | 373M | 286M | 340M | 395M | 466M | 554M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 63.45B | 78.54B | 67.84B | 52.06B | 185.91B | 45.5B | 44.48B | 41.2B | 41.11B | 37.91B | 36.74B | 35.17B | 36.95B | 32.23B |
| Total Liabilities | 730.47B | 738.16B | 705.46B | 691.34B | 657.11B | 874.97B | 872.51B | 832.83B | 766.05B | 777.63B | 737.87B | 715.33B | 724.31B | 695.9B | 670.12B |
| Total Debt | 19.83B | 33.28B | 29.09B | 27.55B | 28.39B | 30.54B | 32.71B | 32.57B | 30.73B | 28.47B | 28.93B | 37.29B | 39.13B | 37.42B | 34.61B |
| Net Debt | 3.89B | 13.53B | 10.57B | 8.09B | 11.09B | 17.6B | 18.85B | 16.1B | 15.24B | 13.93B | 14.75B | 19.54B | 24.07B | 25.82B | 16.44B |
| Long-Term Debt | 18.88B | 21.83B | 20.93B | 20.57B | 20.65B | 19.2B | 20.38B | 20.36B | 18.33B | 18.69B | 20.19B | 28.19B | 25.89B | 26.86B | 26.31B |
| Short-Term Debt | 946M | 11.13B | 7.84B | 6.67B | 7.36B | 11.04B | 11.97B | 11.77B | 12.4B | 9.78B | 8.74B | 9.1B | 13.25B | 10.57B | 8.3B |
| Total Current Liabilities | 20.47B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 19.52B | -11.13B | 9.62B | 6.48B | 6.38B | 13.76B | 15.52B | 15.59B | 11.87B | 14B | 14.74B | 12.21B | 14.12B | 10.46B | 12.45B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 691.12B | 716.01B | 684.22B | 670.46B | 636.09B | 855.47B | 851.78B | 812.03B | 747.71B | 758.93B | 717.68B | 687.14B | 698.42B | 669.04B | 643.82B |
| Total Equity | 31.98B | 35.58B | 30.13B | 29.88B | 31.92B | 62.61B | 68.21B | 63.72B | 49.03B | 54.51B | 46.09B | 41.92B | 42.35B | 35.88B | 39.11B |
| Equity Growth % | 34.22% | 18.11% | 0.84% | -6.4% | -49.02% | -8.21% | 7.05% | 29.96% | -10.05% | 18.28% | 9.93% | -1.01% | 18.03% | -8.26% | - |
| Shareholders Equity | 2.61B | 32.44B | 27.87B | 27.82B | 30.59B | 61.88B | 67.42B | 63.12B | 48.62B | 54.24B | 45.86B | 41.89B | 41.77B | 35.28B | 38.5B |
| Minority Interest | 2.61B | 3.14B | 2.25B | 2.06B | 1.33B | 732M | 785M | 604M | 414M | 275M | 225M | 33M | 579M | 603M | 609M |
| Retained Earnings | 34.93B | 34.83B | 33.19B | 32.35B | 31.71B | 36.65B | 30.75B | 32.99B | 30.47B | 28.67B | 21.95B | 18.93B | 14.89B | 14.53B | 16.07B |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Accumulated OCI | -3.45B | -3.08B | -6.71B | -6.5B | -3.81B | 21.32B | 30.74B | 24.04B | 10.91B | 17.07B | 14.62B | 12.29B | 16.05B | 8.68B | 10.21B |
| Return on Equity (ROE) | 10.23% | 10.88% | 9.09% | 8.05% | -3.48% | 11.81% | -0.57% | 7.43% | 7.87% | 15.63% | 9.93% | 13.39% | 3.53% | -1.78% | 1.33% |
| Return on Assets (ROA) | 0.45% | 0.47% | 0.37% | 0.35% | -0.2% | 0.82% | -0.04% | 0.49% | 0.49% | 0.97% | 0.57% | 0.74% | 0.18% | -0.09% | 0.07% |
| Equity / Assets | 4.18% | 4.6% | 4.1% | 4.14% | 4.63% | 6.68% | 7.25% | 7.11% | 6.02% | 6.55% | 5.88% | 5.54% | 5.52% | 4.9% | 5.51% |
| Debt / Equity | 0.62x | 0.94x | 0.97x | 0.92x | 0.89x | 0.49x | 0.48x | 0.51x | 0.63x | 0.52x | 0.63x | 0.89x | 0.92x | 1.04x | 0.88x |
| Book Value per Share | 91.51 | 100.60 | 83.62 | 81.94 | 85.73 | 160.49 | 172.33 | 155.07 | 115.04 | 125.03 | 103.20 | 91.06 | 90.20 | 77.15 | 83.20 |
| Tangible BV per Share | 91.51 | 34.42 | 83.62 | 81.94 | 85.73 | 160.49 | 172.33 | 155.07 | 115.04 | 125.03 | 103.20 | 91.06 | 90.20 | 77.15 | 83.20 |
Market-driven reserve volatility
As reported in recent financial statements, Prudential's equity base has experienced significant compression, declining from $32.4 billion in 2025Q4 to $2.6 billion in 2026Q1, which suggests that the company's capital position is currently facing substantial pressure from market-driven valuation adjustments and potential reserve strengthening requirements.
The rapid erosion of equity relative to total assets indicates that the company's capital buffer is becoming increasingly thin. This trend warrants close monitoring, as it may limit the firm's flexibility to absorb further market shocks or pursue aggressive capital return strategies.
Based on historical data, Prudential's claims and loss reserves have fluctuated significantly, peaking at $16.6 billion in 2024Q1 before moderating, which suggests that the company's liability profile remains highly sensitive to actuarial assumption updates and the inherent volatility of its long-tail insurance product lines.
The variance in reserve levels implies that the company is frequently recalibrating its future obligations to match evolving mortality and morbidity expectations. Investors should interpret these shifts as a reflection of the firm's ongoing efforts to align its balance sheet with current economic realities.
According to the latest quarterly filings, the company's total liabilities of $730.5 billion against a diminished equity base of $2.6 billion suggest that the firm's leverage profile has become increasingly strained, potentially limiting its capacity for future M&A or significant share repurchases in the near term.
The narrowing gap between assets and liabilities highlights a reduced margin for error in managing the general account. This capital structure appears to prioritize maintaining liquidity for policyholder obligations over maintaining a robust surplus, which may constrain management's strategic options.
As indicated by the divergence between reported net income and the significant swings in equity, the company's balance sheet appears vulnerable to non-cash accounting adjustments, particularly those related to the valuation of long-duration assets and liabilities under current regulatory frameworks.
The reliance on complex actuarial modeling means that reported equity may not fully capture the underlying economic value of the firm's insurance blocks. This creates a risk where market perceptions of solvency could decouple from the actual cash-generating capacity of the business.
Quick answers to the most common questions about buying PRS stock.
As of 2025, Prudential Financial, Inc. 5.62 (PRS) had total assets of $773.74B including $19.75B in current assets.
Prudential Financial, Inc. 5.62 (PRS) carries total debt of $33.28B, offset by $19.75B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Prudential Financial, Inc. 5.62 (PRS) has total shareholders' equity (book value) of $32.44B ($100.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.