PRUDENTIAL FINANCIAL INC
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 | Pruco Life | Pruco Life Insurance Company |
| Gibraltar Life | The Gibraltar Life Insurance Co., Ltd. | Prudential | Prudential Financial, Inc. and its subsidiaries |
| PFI | Prudential Financial, Inc. and its subsidiaries | Prudential Financial | Prudential Financial, Inc. |
| PGFL | Prudential Gibraltar Financial Life Insurance Co., Ltd. | Prudential Funding | Prudential Funding, LLC |
| PGIM | The global investment management business of Prudential Financial, Inc. | 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. |
| PLNJ | Pruco Life Insurance Company of New Jersey | ||
| 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 | LPs/LLCs | Limited Partnerships and Limited Liability Companies |
| AIR | Additional Insurance Reserves | LTC | Long-Term Care |
| ALM | Asset Liability Management | MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations |
| AOCI | Accumulated Other Comprehensive Income (Loss) | MRBs | Market Risk Benefits |
| ASC | Accounting Standards Codification | NAIC | National Association of Insurance Commissioners |
| ASU | Accounting Standards Update | NAV | Net Asset Value |
| AUD | Australian Dollar | NCFCTI | Net CFC Tested Income |
| bps | Basis Points | NJDOBI | New Jersey Department of Banking and Insurance |
| CECL | Current Expected Credit Loss | NPR | Non-Performance Risk |
| CLO | Collateralized Loan Obligations | OCI | Other Comprehensive Income (Loss) |
| CODM | Chief Operating Decision Maker | OTC | Over-The-Counter |
| DAC | Deferred Policy Acquisition Costs | OTTI | Other-Than-Temporary Impairments |
| DOL | U.S. Department of Labor | PALAC | Prudential Annuities Life Assurance Corporation |
| DPL | Deferred Profit Liability | PDI | Prudential Defined Income |
| DSI | Deferred Sales Inducements | PHJ | Prudential Holdings of Japan, Inc. |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization | POA | Prudential of Argentina |
| ESR | Economic Solvency Ratio | POT | The Prudential Life Insurance Company of Taiwan Inc. |
| FANIP | Funding Agreement Notes Issuance Program | PRIAC | Prudential Retirement Insurance and Annuity Company |
| FASB | Financial Accounting Standards Board | PTE | Prohibited Transaction Class Exemptions |
| FHLBNY | Federal Home Loan Bank of New York | RAF | Risk Appetite Framework |
| FLIAC | Fortitude Life Insurance and Annuity Company | RBC | Risk-Based Capital |
| FSA | Financial Services Agency (an agency of the Japanese government) | SEC | Securities and Exchange Commission |
| GICs | Guaranteed Investment Contracts | SOFR | Secured Overnight Financing Rate |
| GILTI | Global Intangible Low-Taxed Income | SVO | Securities Valuation Office |
| GMAB | Guaranteed Minimum Accumulation Benefits | TBA | To-Be-Announced |
| GMDB | Guaranteed Minimum Death Benefits | TDR | Troubled Debt Restructuring |
| GMIB | Guaranteed Minimum Income Benefits | U.S. | The United States of America |
| GMIWB | Guaranteed Minimum Income and Withdrawal Benefits | URR | Unearned Revenue Reserve |
| GMWB | Guaranteed Minimum Withdrawal Benefits | USD | U.S. Dollar |
| HDI | Highest Daily Lifetime Income | VIEs | Variable Interest Entities |
| IMR | Interest Maintenance Reserves | VOBA | Value of Business Acquired |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.