PRUDENTIAL FINANCIAL INC
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
PRU$119.24-2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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GLOSSARY
Throughout this Quarterly Report on Form 10-Q, the Company may use certain abbreviations, acronyms and terms which are defined below.
| Prudential Entities | |||
|---|---|---|---|
| Company | Prudential Financial, Inc. and its subsidiaries | PLNJ | Pruco Life Insurance Company of New Jersey |
| Gibraltar Life | The Gibraltar Life Insurance Co., Ltd. | Pruco Life | Pruco Life Insurance Company |
| PFI | Prudential Financial, Inc. and its subsidiaries | Prudential | Prudential Financial, Inc. and its subsidiaries |
| PGFL | Prudential Gibraltar Financial Life Insurance Co., Ltd. | Prudential Financial | Prudential Financial, Inc. |
| PGIM | The global investment management business of Prudential Financial, Inc. | Prudential Funding | Prudential Funding, LLC |
| PGIMW | PGIM Wadhwani LLP | Prudential Insurance/PICA | The Prudential Insurance Company of America |
| PIIH | Prudential International Insurance Holdings, Ltd. | Prudential of Japan | The Prudential Life Insurance Company, Ltd. |
| PLIC | Prudential Legacy Insurance Company of New Jersey | Registrant | Prudential Financial, Inc. |
| Defined Terms | |||
|---|---|---|---|
| Allstate | The Allstate Corporation | Other Postretirement Benefits | Certain health care and life insurance benefits provided by the Company for its retired employees, their beneficiaries and covered dependents |
| AuguStar | AuguStar Life Insurance Company, formerly known as The Ohio National Life Insurance Company | Pension Benefits | Funded and non-funded non-contributory defined benefit pension plans which cover substantially all of the Company’s employees |
| Board | Prudential Financial's Board of Directors | Prismic | Prismic Life Holding Company LP |
| Closed Block | Certain in-force participating insurance policies and annuity products, along with corresponding assets used for the payment of benefits and policyholders' dividends on these products | Prismic Re | Prismic Life Reinsurance, Ltd. |
| Credit-Linked Note Structures | Agreements with external counterparties providing for the issuance of surplus notes by our captive reinsurers in return for the receipt of credit-linked notes | Prismic Re International | Prismic Life Reinsurance International, Ltd. |
| Empower | Great-West and Great-West Life & Annuity Insurance Company of NewYork, now known as Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York, respectively | Regulation XXX | Valuation of Life Insurance Policies Model Regulation |
| Exchange Act | The Securities Exchange Act of 1934 | S&P | Standard & Poor's Rating Services |
| Farmer Mac | Federal Agricultural Mortgage Corporation | Somerset Re | Somerset Reinsurance Ltd. |
| Fitch | Fitch Ratings Inc. | Star and Edison Businesses | AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (former subsidiaries of American International Group, Inc., or AIG), collectively |
| Funds Withheld | Assets the Company retains the legal ownership of under certain reinsurance arrangements | Talcott Resolution | Talcott Resolution Life Insurance Company |
| Guideline AXXX | The Application of the Valuation of Life Insurance Policies Model Regulation | Tax Act of 2025 | H.R.1, also referred to as the “One Big Beautiful Bill Act” |
| Hartford Financial | Hartford Financial Services Group, Inc. | U.S. GAAP | Generally accepted accounting principles in the United States of America |
| Moody's | Moody's Investors Service, Inc. | Union Hamilton | Union Hamilton Reinsurance, Ltd. |
| Morningstar | Morningstar, Inc. | Wilton Re | Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited |
| Acronyms | |||
|---|---|---|---|
| ACL | Allowance for Credit Losses | LTC | Long-Term Care |
| AIR | Additional Insurance Reserves | MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations |
| ALM | Asset Liability Management | MRBs | Market Risk Benefits |
| AOCI | Accumulated Other Comprehensive Income (Loss) | NAIC | National Association of Insurance Commissioners |
| ASC | Accounting Standards Codification | NAV | Net Asset Value |
| ASU | Accounting Standards Update | NCFCTI | Net CFC Tested Income |
| AUD | Australian Dollar | NJDOBI | New Jersey Department of Banking and Insurance |
| bps | Basis Points | NPR | Non-Performance Risk |
| CECL | Current Expected Credit Loss | OCI | Other Comprehensive Income (Loss) |
| CLO | Collateralized Loan Obligations | OTC | Over-The-Counter |
| CODM | Chief Operating Decision Maker | OTTI | Other-Than-Temporary Impairments |
| DAC | Deferred Policy Acquisition Costs | PALAC | Prudential Annuities Life Assurance Corporation |
| DOL | U.S. Department of Labor | PDI | Prudential Defined Income |
| DPL | Deferred Profit Liability | PHJ | Prudential Holdings of Japan, Inc. |
| DSI | Deferred Sales Inducements | POA | Prudential of Argentina |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization | POT | The Prudential Life Insurance Company of Taiwan Inc. |
| ESR | Economic Solvency Ratio | PRIAC | Prudential Retirement Insurance and Annuity Company |
| FANIP | Funding Agreement Notes Issuance Program | PTE | Prohibited Transaction Class Exemptions |
| FASB | Financial Accounting Standards Board | RAF | Risk Appetite Framework |
| FHLBNY | Federal Home Loan Bank of New York | RBC | Risk-Based Capital |
| FLIAC | Fortitude Life Insurance and Annuity Company | SEC | Securities and Exchange Commission |
| FSA | Financial Services Agency (an agency of the Japanese government) | SOFR | Secured Overnight Financing Rate |
| GICs | Guaranteed Investment Contracts | SVO | Securities Valuation Office |
| GILTI | Global Intangible Low-Taxed Income | TBA | To-Be-Announced |
| GMAB | Guaranteed Minimum Accumulation Benefits | TDR | Troubled Debt Restructuring |
| GMDB | Guaranteed Minimum Death Benefits | U.S. | The United States of America |
| GMIB | Guaranteed Minimum Income Benefits | URR | Unearned Revenue Reserve |
| GMIWB | Guaranteed Minimum Income and Withdrawal Benefits | USD | U.S. Dollar |
| GMWB | Guaranteed Minimum Withdrawal Benefits | VIEs | Variable Interest Entities |
| HDI | Highest Daily Lifetime Income | VOBA | Value of Business Acquired |
| LPs/LLCs | Limited Partnerships and Limited Liability Companies | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.