Prudential Financial Files 8-K on Operations and Financials

TL;DR

PRU filed an 8-K on Jan 15, 2025, covering financial results and operations.

AI Summary

On January 15, 2025, Prudential Financial, Inc. filed an 8-K report detailing results of operations and financial condition. The filing also includes information on Regulation FD Disclosure and Financial Statements and Exhibits. Prudential Financial, Inc. is incorporated in New Jersey and its fiscal year ends on December 31.

Why It Matters

This 8-K filing provides investors with crucial updates on Prudential Financial's operational performance and financial health, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for operational and financial reporting, not indicating any immediate adverse events.

Key Players & Entities

• Prudential Financial, Inc. (company) — Registrant
• January 15, 2025 (date) — Date of earliest event reported
• New Jersey (location) — State of incorporation
• December 31 (date) — Fiscal year end

FAQ

Key Financial Figures

• $1.38 — der management of the PGIM segment were $1.38 trillion. Other Related Revenues, Net
• $65 million — of related expenses, were approximately $65 million. "Other related revenues" includes ince
• $10 — olio") is estimated to be approximately $10 - $30 million above the Company's near-
• $30 million — is estimated to be approximately $10 - $30 million above the Company's near-term expectati
• $115 million — after-tax adjusted operating income of $115 million or $0.31 per Common share for the nine
• $0.31 — ted operating income of $115 million or $0.31 per Common share for the nine months en
• $24 million — ne months ended September 30, 2024, and $24 million or $0.07 per Common share for the nine
• $0.07 — September 30, 2024, and $24 million or $0.07 per Common share for the nine months en

Filing Documents

• pru-20250115.htm (8-K) — 41KB
• exhibit991-3q24qfsrestatem.htm (EX-99.1) — 4077KB
• image12.jpg (GRAPHIC) — 51KB
• 0001137774-25-000013.txt ( ) — 4549KB
• pru-20250115.xsd (EX-101.SCH) — 3KB
• pru-20250115_def.xml (EX-101.DEF) — 18KB
• pru-20250115_lab.xml (EX-101.LAB) — 32KB
• pru-20250115_pre.xml (EX-101.PRE) — 18KB
• pru-20250115_htm.xml (XML) — 6KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. The information contained in Item 7.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.02.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Prudential Financial, Inc. (the "Company") is furnishing this Current Report to (1) disclose certain preliminary financial information regarding the quarter ended December 31, 2024, prior to the availability of the Company's quarterly earnings release and quarterly financial supplement for the period, scheduled for release on February 4, 2025; and (2) revise certain financial information included in the quarterly financial supplement for the quarter ended September 30, 2024. Assets Under Management of the PGIM Segment As of December 31, 2024, assets under management of the PGIM segment were $1.38 trillion. Other Related Revenues, Net of Related Expenses, of the PGIM Segment For the quarter ended December 31, 2024, PGIM's other related revenues, net of related expenses, were approximately $65 million. "Other related revenues" includes incentive fees, transaction fees, and revenues from seed and co-investments and mortgage originations. Alternative Investment Income of the General Account For the quarter ended December 31, 2024, the alternative investment income of the Company's General Account, excluding the Closed Block Division and Funds Withheld portfolios, (the "GA Portfolio") is estimated to be approximately $10 - $30 million above the Company's near-term expectations. "Alternative investment income" includes the adjusted operating income of the GA Portfolio's interests in private equity, hedge fund and real estate-related investments, as well as real estate investments held through direct ownership, and excludes the results from those interests held by Divested Businesses and third parties that have been consolidated on the Company's balance sheet. The preliminary financial information presented above is estimated and unaudited and has been prepared in good faith on a basis consistent with prior periods based on information available to management as of the date hereof; however, we have not completed our financia

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Revised Quarterly Financial Supplement (unaudited) for Prudential Financial, Inc. for third quarter 2024 (furnished and not filed). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 15, 2025 PRUDENTIAL FINANCIAL, INC. By: /s/ Robert D. Axel Name: Robert D. Axel Title: Senior Vice President and Principal Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR