← Filings of PRU
Tables in the 10-Q of PRUDENTIAL FINANCIAL INC
221 tables with numbers, filed Aug 5, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:”
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common Stock, Par Value $.01 | PRU | New York Stock Exchange |
| 5.950% Junior Subordinated Notes | PRH | New York Stock Exchange |
| 5.625% Junior Subordinated Notes | PRS | New York Stock Exchange |
| 4.125% Junior Subordinated Notes | PFH | New York Stock Exchange |
Table 2 after “TABLE OF CONTENTS”
| | Page |
| PART I FINANCIAL INFORMATION | | |
| Item 1. | Financial Statements: | |
| Unaudited Interim Consolidated Statements of Financial Position as of June 30, 2026 and December 31, 2025 | 1 |
| Unaudited Interim Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025 | 2 |
| Unaudited Interim Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2026 and 2025 | 3 |
| Unaudited Interim Consolidated Statements of Equity for the three and six months ended June 30, 2026 and 2025 | 4 |
| Unaudited Interim Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025 | 6 |
First 8 of 41 rows. The download has all of them.
Table 3 after “June 30, 2026 and December 31, 2025 (in millions, except share amounts)”
| June 30, 2026 | December 31, 2025 | |
| ASSETS | | | |
| Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2026-$196; 2025-$183) (amortized cost: 2026-$364,941; 2025-$357,996)(1) | $333,526 | | $331,455 |
| Fixed maturities, trading, at fair value (amortized cost: 2026-$17,658; 2025-$15,536)(1) | 16,758 | | 14,869 |
| Assets supporting experience-rated contractholder liabilities, at fair value | 5,405 | | 4,842 |
| Equity securities, at fair value (cost: 2026-$11,503; 2025-$8,303)(1) | 14,389 | | 10,972 |
| Commercial mortgage and other loans (net of $505 and $469 allowance for credit losses; includes $959 and $1,056 of loans measured at fair value under the fair value option at June 30, 2026 and December 31, 2025, respectively)(1) | 65,985 | | 64,715 |
| Policy loans | 9,984 | | 9,958 |
First 8 of 51 rows. The download has all of them.
Table 4 after “Three and Six Months Ended June 30, 2026 and 2025 (in millions, except per share amounts)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| REVENUES | | | | | | |
| Premiums (includes $290 and $97, $295 and $98 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended June 30, 2026 and 2025 and the six months ended June 30, 2026 and 2025, respectively)(1) | $6,880 | | $6,982 | | $15,242 | $13,982 |
| Policy charges and fee income | 1,247 | | 1,249 | | 2,379 | 2,406 |
| Net investment income | 5,783 | | 5,226 | | 11,448 | 10,356 |
| Asset management and service fees(1) | 1,019 | | 982 | | 2,015 | 1,966 |
| Other income (loss)(1) | 2,369 | | 1,412 | | 2,399 | 1,692 |
First 8 of 31 rows. The download has all of them.
Table 5 after “Three and Six Months Ended June 30, 2026 and 2025 (in millions)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| NET INCOME (LOSS) | $1,036 | | $566 | | $1,642 | $1,308 |
| Other comprehensive income (loss), before tax: | | | | | | |
| Foreign currency translation adjustments for the period | (101) | | 400 | | (170) | 786 |
| Net unrealized investment gains (losses) | 454 | | (1,394) | | (4,282) | (1,621) |
| Interest rate remeasurement of future policy benefits(1) | (890) | | 1,947 | | 3,545 | 3,983 |
| Gain (loss) from changes in non-performance risk on market risk benefits | (193) | | 5 | | 15 | 172 |
First 8 of 15 rows. The download has all of them.
Table 6 after “Three and Six Months Ended June 30, 2026 (in millions)”
| Prudential Financial, Inc. Equity | | | | | | | | | | | | | | | | | | | |
| Common Stock | Additional Paid-in Capital | | Retained Earnings | Common Stock Held In Treasury | | Accumulated Other Comprehensive Income (Loss) | | Total Prudential Financial, Inc. Equity | | Non-controllingInterests | Total Equity | | Redeemable Non-controlling Interests | | | | | | |
| Balance, December 31, 2025 | $6 | | $26,013 | | $34,831 | | | $(25,335) | | | $(3,077) | | $32,438 | | | $349 | | | $32,787 | $2,794 |
| Common Stock acquired | | | | | (251) | | | | | (251) | | | | (251) | | | | | | |
| Contributions from noncontrolling interests | | | | | | | | | | | 12 | | 12 | | | 213 | | | | |
| Distributions to noncontrolling interests | | | | | | | | | | | (17) | | (17) | | | (62) | | | | |
| Consolidations (deconsolidations) of noncontrolling interests | | | | | | | | | | | | 0 | | | (345) | | | | | |
| Stock-based compensation programs | | (65) | | | | 125 | | | | | 60 | | | | 60 | | | | | |
First 8 of 26 rows. The download has all of them.
Table 7 after “Three and Six Months Ended June 30, 2025 (in millions)”
| Prudential Financial, Inc. Equity | | | | | | | | | | | | | | | | | | |
| Common Stock | Additional Paid-in Capital | | Retained Earnings | Common Stock Held In Treasury | | Accumulated Other Comprehensive Income (Loss) | | Total Prudential Financial, Inc. Equity | | Non-controlling Interests | Total Equity | | Redeemable Non-controlling Interests | | | | | |
| Balance, December 31, 2024 | $6 | | $25,901 | | $33,187 | | | $(24,511) | | | $(6,711) | | $27,872 | | | $315 | | $28,187 | $1,939 |
| | | | | (251) | | | | | (251) | | | | (251) | | | | | |
| Contributions from noncontrolling interests | | | | | | | | | | | 4 | | 4 | | | 64 | | | |
| Distributions to noncontrolling interests | | | | | | | | | | | (21) | | (21) | | | (18) | | | |
| Consolidations (deconsolidations) of noncontrolling interests | | | | | | | | | | | 13 | | 13 | | | 8 | | | |
| Stock-based compensation programs | | (30) | | | | 101 | | | | | 71 | | | | 71 | | | | |
First 8 of 25 rows. The download has all of them.
Table 8 after “Six Months Ended June 30, 2026 and 2025 (in millions)”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | | | |
| Net income (loss) | $1,642 | | $1,308 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | |
| Realized investment (gains) losses, net(1) | 1,930 | | 2,429 |
| Change in value of market risk benefits, net of related hedging (gains) losses | 366 | | 777 |
| Policy charges and fee income | (1,185) | | (1,009) |
First 8 of 59 rows. The download has all of them.
Table 9 after “Six Months Ended June 30, 2026 and 2025 (in millions)”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| NON-CASH TRANSACTIONS DURING THE PERIOD | | | |
| Treasury Stock shares issued for stock-based compensation programs | $195 | | $176 |
| Novation of investment contracts(2) | $1,659 | | $0 |
| Prismic Re International reinsurance transaction(3): | | | |
| Net assets transferred, excluding Cash and cash equivalents | $0 | | $6,069 |
| Deposit assets established for Policyholders’ account balances ceded | 0 | | (6,366) |
First 8 of 14 rows. The download has all of them.
Table 10 after “The following tables set forth the composition of fixed maturities, available-for-sale, as of the dates indicated:”
| June 30, 2026 | | | | | | | |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Allowance for Credit Losses | Fair Value | | |
| (in millions) | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $26,516 | | $449 | | $4,752 | | $0 | $22,213 |
| Obligations of U.S. states and their political subdivisions | 5,357 | | 98 | | 514 | | 0 | 4,941 |
| Foreign government securities | 58,818 | | 242 | | 13,914 | | 0 | 45,146 |
| U.S. public corporate securities | 116,555 | | 1,370 | | 9,809 | | 35 | 108,081 |
First 8 of 15 rows. The download has all of them.
Table 11 after “Includes publicly-traded agency pass-through securities and collateralized mortgage obligations.”
| December 31, 2025 | | | | | | | |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Allowance for Credit Losses | Fair Value | | |
| (in millions) | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $26,334 | | $668 | | $4,823 | | $0 | $22,179 |
| Obligations of U.S. states and their political subdivisions | 5,881 | | 138 | | 554 | | 0 | 5,465 |
| Foreign government securities | 62,469 | | 497 | | 12,352 | | 0 | 50,614 |
| U.S. public corporate securities | 115,160 | | 1,977 | | 9,345 | | 11 | 107,781 |
First 8 of 15 rows. The download has all of them.
Table 12 after “The following tables set forth the fair value and gross unrealized losses on fixed maturities, available-for-sale without an allowance for c”
| June 30, 2026 | | | | | | | | | |
| Less Than Twelve Months | Twelve Months or More | | Total | | | | | | |
| Fair Value | Gross Unrealized Losses | | Fair Value | Gross Unrealized Losses | Fair Value | | Gross Unrealized Losses | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $7,060 | | $174 | | $10,859 | | $4,578 | | $17,919 | $4,752 |
| Obligations of U.S. states and their political subdivisions | 563 | | 11 | | 3,248 | | 503 | | 3,811 | 514 |
| Foreign government securities | 12,682 | | 392 | | 23,453 | | 13,522 | | 36,135 | 13,914 |
First 8 of 16 rows. The download has all of them.
Table 13 after “The following tables set forth the fair value and gross unrealized losses on fixed maturities, available-for-sale without an allowance for c”
| December 31, 2025 | | | | | | | | | |
| Less Than Twelve Months | Twelve Months or More | | Total | | | | | | |
| Fair Value | Gross Unrealized Losses | | Fair Value | Gross Unrealized Losses | Fair Value | | Gross Unrealized Losses | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $3,644 | | $83 | | $12,075 | | $4,740 | | $15,719 | $4,823 |
| Obligations of U.S. states and their political subdivisions | 399 | | 9 | | 3,631 | | 545 | | 4,030 | 554 |
| Foreign government securities | 9,886 | | 510 | | 23,570 | | 11,842 | | 33,456 | 12,352 |
First 8 of 16 rows. The download has all of them.
Table 14 after “The following table sets forth the amortized cost and fair value of fixed maturities, available-for-sale by contractual maturities, as of th”
| June 30, 2026 | | |
| Amortized Cost | Fair Value | |
| (in millions) | | |
| Fixed maturities, available-for-sale: | | | |
| Due in one year or less | $19,811 | | $19,897 |
| Due after one year through five years | 66,075 | | 65,889 |
| Due after five years through ten years | 58,431 | | 57,654 |
| Due after ten years(1) | 176,481 | | 146,223 |
First 8 of 12 rows. The download has all of them.
Table 15 after “The following table sets forth the sources of fixed maturities, available-for-sale proceeds and related investment gains (losses), as well a”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Fixed maturities, available-for-sale: | | | | | | |
| Proceeds from sales(1) | $8,091 | | $4,191 | | $16,572 | $9,103 |
| Proceeds from maturities/prepayments | 7,767 | | 5,252 | | 14,561 | 11,013 |
| Gross investment gains from sales and maturities | 155 | | 126 | | 514 | 408 |
| Gross investment losses from sales and maturities | (598) | | (233) | | (1,470) | (540) |
First 8 of 10 rows. The download has all of them.
Table 16 after “The following tables set forth the balance of and changes in the allowance for credit losses for fixed maturities, available-for-sale, as of”
| Three Months Ended June 30, 2026 | | | | | | | | | | |
| U.S. Treasury Securities and Obligations of U.S. States | Foreign Government Securities | | U.S. and Foreign Corporate Securities | Asset-Backed Securities | Commercial Mortgage-Backed Securities | | Residential Mortgage-Backed Securities | Total | | |
| (in millions) | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | |
| Balance, beginning of period | $0 | | $0 | | $247 | | $2 | | $0 | $0 | $249 |
| Additions to allowance for credit losses not previously recorded | 0 | | 0 | | 20 | | 0 | | 0 | 0 | 20 |
| Reductions for securities sold during the period | 0 | | 0 | | (13) | | 0 | | 0 | 0 | (13) |
| Additions (reductions) on securities with previous allowance | 0 | | 0 | | 33 | | (1) | | 0 | 0 | 32 |
First 8 of 10 rows. The download has all of them.
Table 17 after “The following tables set forth the balance of and changes in the allowance for credit losses for fixed maturities, available-for-sale, as of”
| Three Months Ended June 30, 2025 | | | | | | | | | | |
| U.S. Treasury Securities and Obligations of U.S. States | Foreign Government Securities | | U.S. and Foreign Corporate Securities | Asset-Backed Securities | Commercial Mortgage-Backed Securities | | Residential Mortgage-Backed Securities | Total | | |
| (in millions) | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | |
| Balance, beginning of period | $0 | | $0 | | $250 | | $1 | | $0 | $0 | $251 |
| Additions to allowance for credit losses not previously recorded | 0 | | 0 | | 1 | | 0 | | 0 | 0 | 1 |
| Reductions for securities sold during the period | 0 | | 0 | | (6) | | 0 | | 0 | 0 | (6) |
| Additions (reductions) on securities with previous allowance | 0 | | 0 | | 28 | | 0 | | 0 | 0 | 28 |
First 8 of 10 rows. The download has all of them.
Table 18 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | | |
| U.S. Treasury Securities and Obligations of U.S. States | Foreign Government Securities | | U.S. and Foreign Corporate Securities | Asset-Backed Securities | Commercial Mortgage-Backed Securities | | Residential Mortgage-Backed Securities | Total | | |
| (in millions) | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | |
| Balance, beginning of period | $0 | | $0 | | $182 | | $1 | | $0 | $0 | $183 |
| Additions to allowance for credit losses not previously recorded | 0 | | 0 | | 75 | | 1 | | 0 | 0 | 76 |
| Reductions for securities sold during the period | 0 | | 0 | | (15) | | 0 | | 0 | 0 | (15) |
| Additions (reductions) on securities with previous allowance | 0 | | 0 | | 68 | | (1) | | 0 | 0 | 67 |
First 8 of 10 rows. The download has all of them.
Table 19 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | |
| U.S. Treasury Securities and Obligations of U.S. States | Foreign Government Securities | | U.S. and Foreign Corporate Securities | Asset-Backed Securities | Commercial Mortgage-Backed Securities | | Residential Mortgage-Backed Securities | Total | | |
| (in millions) | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | |
| Balance, beginning of period | $0 | | $0 | | $331 | | $0 | | $0 | $0 | $331 |
| Additions to allowance for credit losses not previously recorded | 0 | | 0 | | 17 | | 1 | | 0 | 0 | 18 |
| Reductions for securities sold during the period | 0 | | 0 | | (12) | | 0 | | 0 | 0 | (12) |
| Additions (reductions) on securities with previous allowance | 0 | | 0 | | 31 | | 0 | | 0 | 0 | 31 |
First 8 of 10 rows. The download has all of them.
Table 20 after “The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated”
| June 30, 2026 | December 31, 2025 | | | | |
| Amortized Cost or Cost | Fair Value | | Amortized Cost or Cost | Fair Value | |
| (in millions) | | | | | |
| Fixed maturities: | | | | | | |
| Corporate securities | $61 | | $58 | | $57 | $55 |
| Foreign government securities | 614 | | 597 | | 611 | 596 |
| Obligations of U.S. government authorities and agencies and obligations of U.S. states | 233 | | 251 | | 227 | 245 |
| Total fixed maturities(1) | 908 | | 906 | | 895 | 896 |
First 8 of 10 rows. The download has all of them.
Table 21 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| (in millions) | | | | | |
| Investments in Japanese government and government agency securities: | | | | | | |
| Fixed maturities, available-for-sale | $50,988 | | $38,107 | | $54,863 | $43,554 |
| Fixed maturities, trading | 18 | | 17 | | 19 | 18 |
| Assets supporting experience-rated contractholder liabilities | 537 | | 509 | | 536 | 510 |
| Total | $51,543 | | $38,633 | | $55,418 | $44,082 |
Table 22 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| (in millions) | | | | | |
| Investments in Brazilian government and government agency securities: | | | | | | |
| Fixed maturities, available-for-sale | $4,329 | | $3,630 | | $3,651 | $3,152 |
| Short-term investments | 0 | | 0 | | 1 | 1 |
| Cash equivalents | 291 | | 291 | | 260 | 260 |
| Total | $4,620 | | $3,921 | | $3,912 | $3,413 |
Table 23 after “The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | | | | | |
| Amount | % of Total | | Amount | | % of Total | |
| ($ in millions) | | | | | | |
| Commercial mortgage and agricultural property loans by property type: | | | | | | | |
| Office | $6,584 | | 10.5% | | | $6,517 | 10.4% |
| Retail | 5,534 | | 8.9 | | | 5,680 | 9.0 |
| Apartments/Multi-Family | 18,601 | | 29.8 | | | 18,522 | 29.5 |
| Industrial | 17,575 | | 28.0 | | | 17,280 | 27.5 |
First 8 of 25 rows. The download has all of them.
Table 24 after “The following tables set forth the balance of and changes in the allowance for credit losses for commercial mortgage and other loans, as of ”
| Three Months Ended June 30, 2026 | | | | | | | | | |
| Commercial Mortgage Loans | Agricultural Property Loans | | ResidentialMortgageLoans | Other Collateralized Loans | Uncollateralized Loans | | Total | | |
| (in millions) | | | | | | | | | |
| Allowance, beginning of period | $350 | | $59 | | $22 | | $31 | | $25 | $487 |
| Addition to (release of) allowance for expected losses | 30 | | (17) | | 6 | | (2) | | 0 | 17 |
| Write-downs charged against the allowance | 0 | | 0 | | 0 | | 0 | | 0 | 0 |
| Other | 1 | | 0 | | 0 | | 0 | | 0 | 1 |
| Allowance, end of period | $381 | | $42 | | $28 | | $29 | | $25 | $505 |
Table 25 after “The following tables set forth the balance of and changes in the allowance for credit losses for commercial mortgage and other loans, as of ”
| Three Months Ended June 30, 2025 | | | | | | | | | |
| Commercial Mortgage Loans | Agricultural Property Loans | | ResidentialMortgageLoans | Other Collateralized Loans | Uncollateralized Loans | | Total | | |
| (in millions) | | | | | | | | | |
| Allowance, beginning of period | $460 | | $123 | | $0 | | $34 | | $15 | $632 |
| Addition to (release of) allowance for expected losses | (11) | | 85 | | 0 | | (2) | | (1) | 71 |
| Write-downs charged against the allowance | 0 | | (150) | | 0 | | 0 | | 0 | (150) |
| Other | 1 | | 0 | | 0 | | 0 | | 0 | 1 |
| Allowance, end of period | $450 | | $58 | | $0 | | $32 | | $14 | $554 |
Table 26 after “The following tables set forth the balance of and changes in the allowance for credit losses for commercial mortgage and other loans, as of ”
| Six Months Ended June 30, 2026 | | | | | | | | | |
| Commercial Mortgage Loans | Agricultural Property Loans | | ResidentialMortgageLoans | Other Collateralized Loans | Uncollateralized Loans | | Total | | |
| (in millions) | | | | | | | | | |
| Allowance, beginning of period | $366 | | $48 | | $15 | | $40 | | $0 | $469 |
| Addition to (release of) allowance for expected losses | 13 | | (6) | | 13 | | (11) | | 25 | 34 |
| Write-downs charged against the allowance | 0 | | 0 | | 0 | | 0 | | 0 | 0 |
| Other | 2 | | 0 | | 0 | | 0 | | 0 | 2 |
| Allowance, end of period | $381 | | $42 | | $28 | | $29 | | $25 | $505 |
Table 27 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | |
| Commercial Mortgage Loans | Agricultural Property Loans | | ResidentialMortgageLoans | Other Collateralized Loans | Uncollateralized Loans | | Total | | |
| (in millions) | | | | | | | | | |
| Allowance, beginning of period | $407 | | $121 | | $0 | | $32 | | $14 | $574 |
| Addition to (release of) allowance for expected losses | 42 | | 87 | | 0 | | 0 | | 0 | 129 |
| Write-downs charged against the allowance | 0 | | (150) | | 0 | | 0 | | 0 | (150) |
| Other | 1 | | 0 | | 0 | | 0 | | 0 | 1 |
| Allowance, end of period | $450 | | $58 | | $0 | | $32 | | $14 | $554 |
Table 28 after “The following table sets forth the write-downs of agricultural property loans by origination year for both the three and six months ended Ju”
| June 30, 2025 | | | | | | | | | | |
| 2025 | 2024 | | 2023 | 2022 | 2021 | | Prior | Total | | |
| (in millions) | | | | | | | | | | |
| Agricultural property loans | $0 | | $0 | | $13 | | $117 | | $1 | $19 | $150 |
| Total | $0 | | $0 | | $13 | | $117 | | $1 | $19 | $150 |
Table 29 after “The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of ”
| June 30, 2026 | | | | | | | | | | | | |
| Amortized Cost by Origination Year | | | | | | | | | | | | |
| 2026 | 2025 | | 2024 | 2023 | 2022 | | Prior | Revolving Loans | Total | | | |
| (in millions) | | | | | | | | | | | | |
| Commercial mortgage loans | | | | | | | | | | | | | |
| Loan-to-Value Ratio: | | | | | | | | | | | | | |
| 0%-59.99% | $1,621 | | $2,456 | | $2,782 | | $2,221 | | $1,407 | | $17,585 | $57 | $28,129 |
| 60%-69.99% | 1,196 | | 3,211 | | 3,847 | | 1,682 | | 990 | | 4,112 | 0 | 15,038 |
First 8 of 28 rows. The download has all of them.
Table 30 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | | | | | | |
| Amortized Cost by Origination Year | | | | | | | | | | | | |
| 2025 | 2024 | | 2023 | 2022 | 2021 | | Prior | Revolving Loans | Total | | | |
| (in millions) | | | | | | | | | | | | |
| Commercial mortgage loans | | | | | | | | | | | | | |
| Loan-to-Value Ratio: | | | | | | | | | | | | | |
| 0%-59.99% | $2,816 | | $2,088 | | $2,057 | | $1,270 | | $2,570 | | $16,546 | $62 | $27,409 |
| 60%-69.99% | 3,670 | | 4,506 | | 1,873 | | 1,250 | | 1,581 | | 3,048 | 0 | 15,928 |
First 8 of 28 rows. The download has all of them.
Table 31 after “Residential mortgage loans primarily include fixed-rate, amortizing mortgage loans on rental properties owned by borrowers with FICO scores ”
| June 30, 2026 | | | | | | | | | | |
| Amortized Cost by Origination Year | | | | | | | | | | |
| 2026 | 2025 | | 2024 | 2023 | 2022 | | Prior | Total | | |
| (in millions) | | | | | | | | | | |
| Residential mortgage loans | | | | | | | | | | | |
| Performing | $534 | | $2,487 | | $58 | | $0 | | $0 | $12 | $3,091 |
| Nonperforming | 0 | | 15 | | 0 | | 0 | | 0 | 0 | 15 |
| Total | $534 | | $2,502 | | $58 | | $0 | | $0 | $12 | $3,106 |
Table 32 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | | | | |
| Amortized Cost by Origination Year | | | | | | | | | | |
| 2025 | 2024 | | 2023 | 2022 | 2021 | | Prior | Total | | |
| (in millions) | | | | | | | | | | |
| Residential mortgage loans | | | | | | | | | | | |
| Performing | $1,561 | | $57 | | $0 | | $0 | | $0 | $14 | $1,632 |
| Nonperforming | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 |
| Total | $1,561 | | $57 | | $0 | | $0 | | $0 | $14 | $1,632 |
Table 33 after “The following table sets forth the amortized cost basis of loan modifications made to borrowers experiencing financial difficulties during t”
| Three Months Ended June 30, | | | | | | | | | |
| 2026 | 2025 | | | | | | | | |
| TermExtension | Other Than Insignificant Delay in Payment | | % ofAmortized Cost | TermExtension | Other Than Insignificant Delay in Payment | | % ofAmortized Cost | | |
| ($ in millions) | | | | | | | | | |
| Commercial mortgage loans | $0 | | $0 | | 0.0% | | $0 | | $0 | 0.0% |
| Agricultural property loans | $0 | | $0 | | 0.0% | | $0 | | $0 | 0.0% |
Table 34 after “The following table sets forth the amortized cost basis of loan modifications made to borrowers experiencing financial difficulties during t”
| Six Months Ended June 30, | | | | | | | | | |
| 2026 | 2025 | | | | | | | | |
| TermExtension | Other Than Insignificant Delay in Payment | | % ofAmortized Cost | TermExtension | Other Than Insignificant Delay in Payment | | % ofAmortized Cost | | |
| ($ in millions) | | | | | | | | | |
| Commercial mortgage loans | $44 | | $0 | | 0.0% | | $0 | | $0 | 0.0% |
| Agricultural property loans | $0 | | $0 | | 0.0% | | $0 | | $0 | 0.0% |
Table 35 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | | | | | | | | | | |
| Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90 Days or More Past Due(1)(2) | Total Past Due | | Total Loans | Non-Accrual Status(3) | | |
| (in millions) | | | | | | | | | | |
| Commercial mortgage loans | $54,064 | | $0 | | $48 | | $253 | | $301 | $54,365 | $289 |
| Agricultural property loans | 7,446 | | 0 | | 0 | | 684 | | 684 | 8,130 | 718 |
| Residential mortgage loans | 3,042 | | 0 | | 49 | | 15 | | 64 | 3,106 | 15 |
| Other collateralized loans | 727 | | 0 | | 0 | | 0 | | 0 | 727 | 0 |
| Uncollateralized loans | 162 | | 0 | | 0 | | 0 | | 0 | 162 | 25 |
First 8 of 9 rows. The download has all of them.
Table 36 after “For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Stateme”
| December 31, 2025 | | | | | | | | | | |
| Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90 Days or More Past Due(1)(2) | Total Past Due | | Total Loans | Non-AccrualStatus(3) | | |
| (in millions) | | | | | | | | | | |
| Commercial mortgage loans | $54,349 | | $0 | | $0 | | $154 | | $154 | $54,503 | $190 |
| Agricultural property loans | 7,443 | | 8 | | 0 | | 824 | | 832 | 8,275 | 875 |
| Residential mortgage loans | 1,630 | | 2 | | 0 | | 0 | | 2 | 1,632 | 0 |
| Other collateralized loans | 603 | | 0 | | 0 | | 0 | | 0 | 603 | 0 |
| Uncollateralized loans | 171 | | 0 | | 0 | | 0 | | 0 | 171 | 25 |
First 8 of 9 rows. The download has all of them.
Table 37 after “The following table sets forth the composition of “Other invested assets,” as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| LPs/LLCs: | | | |
| Equity method: | | | |
| Private equity | $10,920 | | $10,832 |
| Hedge funds | 3,151 | | 2,909 |
| Real estate-related(1) | 2,988 | | 2,761 |
| Subtotal equity method | 17,059 | | 16,502 |
First 8 of 20 rows. The download has all of them.
Table 38 after “The following table sets forth the composition of “Accrued investment income,” as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Fixed maturities | $3,188 | | $3,089 |
| Equity securities | 20 | | 11 |
| Commercial mortgage and other loans | 267 | | 250 |
| Policy loans | 236 | | 230 |
| Other invested assets | 10 | | 10 |
| Short-term investments and cash equivalents | 37 | | 46 |
First 8 of 9 rows. The download has all of them.
Table 39 after “The following table sets forth “Net investment income” by investment type, for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Fixed maturities, available-for-sale(1) | $4,290 | | $3,885 | | $8,474 | $7,658 |
| Fixed maturities, trading | 201 | | 177 | | 417 | 344 |
| Assets supporting experience-rated contractholder liabilities | 13 | | 14 | | 28 | 28 |
| Equity securities | 97 | | 49 | | 162 | 93 |
| Commercial mortgage and other loans | 771 | | 691 | | 1,511 | 1,383 |
First 8 of 14 rows. The download has all of them.
Table 40 after “The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Fixed maturities(1) | $(476) | | $(137) | | $(1,220) | $(201) |
| Commercial mortgage and other loans | (8) | | (66) | | (14) | (124) |
| Investment real estate | 0 | | (1) | | 14 | (11) |
| LPs/LLCs | 39 | | 6 | | 39 | 5 |
| Derivatives | (962) | | (1,345) | | (403) | (1,794) |
First 8 of 11 rows. The download has all of them.
Table 41 after “The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Fixed maturity securities, available-for-sale with an allowance | $14 | | $(4) |
| Fixed maturity securities, available-for-sale without an allowance | (31,233) | | (26,354) |
| Derivatives designated as cash flow hedges(1) | 141 | | (231) |
| Derivatives designated as fair value hedges(1) | (136) | | (123) |
| Other investments(2) | 89 | | 67 |
| Net unrealized gains (losses) on investments | $(31,125) | | $(26,645) |
Table 42 after “The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | | | | | | | | | | | |
| Remaining Contractual Maturities of the Agreements | | | Remaining Contractual Maturities of the Agreements | | | | | | | | | |
| Overnight & Continuous | Up to 30 Days | | 30 to 90 Days | Total | Overnight & Continuous | | Up to 30 Days | 30 to 90 Days | Total | | | |
| (in millions) | | | | | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $9,451 | | $0 | | $0 | | $9,451 | | $7,277 | | $1,701 | $0 | $8,978 |
| U.S. public corporate securities | 0 | | 539 | | 0 | | 539 | | 0 | | 527 | 0 | 527 |
| Foreign public corporate securities | 0 | | 18 | | 0 | | 18 | | 0 | | 18 | 0 | 18 |
| Commercial mortgage-backed securities | 61 | | 0 | | 0 | | 61 | | 75 | | 0 | 0 | 75 |
First 8 of 9 rows. The download has all of them.
Table 43 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | | | | | | | | |
| Remaining Contractual Maturities of the Agreements | | | Remaining Contractual Maturities of the Agreements | | | | | | |
| Overnight & Continuous | Up to 30 Days | | Total | Overnight & Continuous | Up to 30 Days | | Total | | |
| (in millions) | | | | | | | | | |
| Obligations of U.S. states and their political subdivisions | $25 | | $0 | | $25 | | $45 | | $0 | $45 |
| Foreign government securities | 183 | | 0 | | 183 | | 226 | | 0 | 226 |
| U.S. public corporate securities | 6,820 | | 108 | | 6,928 | | 7,068 | | 152 | 7,220 |
| Foreign public corporate securities | 1,085 | | 14 | | 1,099 | | 1,157 | | 16 | 1,173 |
First 8 of 10 rows. The download has all of them.
Table 44 after “The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported”
| Consolidated VIEs for which the Company is the Investment Manager(1) | Other Consolidated VIEs | | | | |
| June 30, 2026 | December 31, 2025 | | June 30, 2026 | December 31, 2025 | |
| (in millions) | | | | | |
| Fixed maturities, available-for-sale | $2,160 | | $1,870 | | $615 | $663 |
| Fixed maturities, trading | 1,348 | | 442 | | 0 | 0 |
| Equity securities | 54 | | 106 | | 0 | 0 |
| Commercial mortgage and other loans | 563 | | 583 | | 241 | 244 |
| Other invested assets | 9,282 | | 8,227 | | 474 | 477 |
First 8 of 15 rows. The download has all of them.
Table 45 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Primary Underlying Risk /Instrument Type | June 30, 2026 | | December 31, 2025 | | | | | | | |
| | Fair Value | | | Fair Value | | | | | |
| Gross Notional | | Assets | | Liabilities | Gross Notional | | Assets | Liabilities | | |
| (in millions) | | | | | | | | | |
| Derivatives Designated as Hedge Accounting Instruments: | | | | | | | | | | |
| Interest Rate | | | | | | | | | | |
| Interest Rate Swaps | $5,229 | | | $24 | | $(363) | | $5,083 | $23 | $(344) |
| Interest Rate Forwards | 351 | | | 1 | | 0 | | 10 | 0 | 0 |
First 8 of 35 rows. The download has all of them.
Table 46 after “As of June 30, 2026, the following amounts were recorded on the Unaudited Interim Consolidated Statements of Financial Position related to t”
| June 30, 2026 | December 31, 2025 | | | | |
| Balance Sheet Line Item in which Hedged Item is Recorded | Carrying Amount of the Hedged Assets (Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (Liabilities)(1) | | Carrying Amount of the Hedged Assets (Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (Liabilities)(1) | |
| (in millions) | | | | | |
| Fixed maturities, available-for-sale, at fair value | $355 | | $8 | | $594 | $11 |
| Policyholders’ account balances | $(1,598) | | $314 | | $(1,588) | $299 |
| Future policy benefits | $(2,384) | | $325 | | $(2,405) | $300 |
Table 47 after “The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agree”
| June 30, 2026 | | | | | | | |
| Gross Amounts of Recognized Financial Instruments | Gross Amounts Offset in the Statements of Financial Position | | Net Amounts Presented in the Statements of Financial Position | Financial Instruments/ Collateral(1) | Net Amount | | |
| (in millions) | | | | | | | |
| Offsetting of Financial Assets: | | | | | | | | |
| Derivatives | $33,002 | | $(31,419) | | $1,583 | | $(669) | $914 |
| Securities purchased under agreement to resell | 0 | | 0 | | 0 | | 0 | 0 |
| Total Assets | $33,002 | | $(31,419) | | $1,583 | | $(669) | $914 |
| Offsetting of Financial Liabilities: | | | | | | | | |
First 8 of 11 rows. The download has all of them.
Table 48 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | |
| Gross Amounts of Recognized Financial Instruments | Gross Amounts Offset in the Statements of Financial Position | | Net Amounts Presented in the Statements of Financial Position | Financial Instruments/ Collateral(1) | Net Amount | | |
| (in millions) | | | | | | | |
| Offsetting of Financial Assets: | | | | | | | | |
| Derivatives | $25,990 | | $(24,445) | | $1,545 | | $(637) | $908 |
| Securities purchased under agreement to resell | 0 | | 0 | | 0 | | 0 | 0 |
| Total Assets | $25,990 | | $(24,445) | | $1,545 | | $(637) | $908 |
| Offsetting of Financial Liabilities: | | | | | | | | |
First 8 of 11 rows. The download has all of them.
Table 49 after “The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge re”
| Three Months Ended June 30, 2026 | | | | | | | | | | | | |
| Realized Investment Gains (Losses) | Change in Value of MRBs, Net of Related Hedging Gains (Losses) | | Net Investment Income | Other Income (Loss) | Interest Expense | | Interest Credited to Policyholders’ Account Balances | Policyholders’ Benefits | Change in AOCI(1) | | | |
| (in millions) | | | | | | | | | | | | |
| Derivatives Designated as Hedge Accounting Instruments: | | | | | | | | | | | | | |
| Fair value hedges | | | | | | | | | | | | | |
| Gains (losses) on derivatives designated as hedge instruments: | | | | | | | | | | | | | |
| Interest Rate | $4 | | $0 | | $0 | | $0 | | $0 | | $(17) | $(11) | $0 |
| Currency | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 11 | 0 |
First 8 of 35 rows. The download has all of them.
Table 50 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | | | | |
| Realized Investment Gains (Losses) | Change in Value of MRBs, Net of Related Hedging Gains (Losses) | | Net Investment Income | Other Income (Loss) | Interest Expense | | Interest Credited to Policyholders’ Account Balances | Policyholders’ Benefits | Change in AOCI(1) | | | |
| (in millions) | | | | | | | | | | | | |
| Derivatives Designated as Hedge Accounting Instruments: | | | | | | | | | | | | | |
| Fair value hedges | | | | | | | | | | | | | |
| Gains (losses) on derivatives designated as hedge instruments: | | | | | | | | | | | | | |
| Interest Rate | $6 | | $0 | | $(1) | | $0 | | $0 | | $(25) | $(12) | $0 |
| Currency | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | (24) | 0 |
First 8 of 35 rows. The download has all of them.
Table 51 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2025 | | | | | | | | | | | | |
| Realized Investment Gains (Losses) | Change in Value of MRBs, Net of Related Hedging Gains (Losses) | | Net Investment Income | Other Income (Loss) | Interest Expense | | Interest Credited to Policyholders’ Account Balances | Policyholders’ Benefits | Change in AOCI(1) | | | |
| (in millions) | | | | | | | | | | | | |
| Derivatives Designated as Hedge Accounting Instruments: | | | | | | | | | | | | | |
| Fair value hedges | | | | | | | | | | | | | |
| Gains (losses) on derivatives designated as hedge instruments: | | | | | | | | | | | | | |
| Interest Rate | $(3) | | $0 | | $0 | | $0 | | $0 | | $7 | $(2) | $0 |
| Currency | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 109 | 0 |
First 8 of 35 rows. The download has all of them.
Table 52 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | | | |
| Realized Investment Gains (Losses) | Change in Value of MRBs, Net of Related Hedging Gains (Losses) | | Net Investment Income | Other Income (Loss) | Interest Expense | | Interest Credited to Policyholders’ Account Balances | Policyholders’ Benefits | Change in AOCI(1) | | | |
| (in millions) | | | | | | | | | | | | |
| Derivatives Designated as Hedge Accounting Instruments: | | | | | | | | | | | | | |
| Fair value hedges | | | | | | | | | | | | | |
| Gains (losses) on derivatives designated as hedge instruments: | | | | | | | | | | | | | |
| Interest Rate | $(6) | | $0 | | $0 | | $0 | | $0 | | $41 | $28 | $0 |
| Currency | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 162 | 0 |
First 8 of 35 rows. The download has all of them.
Table 53 after “Presented below is a rollforward of current period cash flow hedges in AOCI before taxes:”
| (in millions) |
| Balance, December 31, 2025 | $(231) |
| Amount recorded in AOCI: | |
| Interest Rate | (3) |
| Currency | 24 |
| Currency/Interest Rate | 549 |
| Total amount recorded in AOCI | 570 |
| Amount reclassified from AOCI to income: | |
First 8 of 13 rows. The download has all of them.
Table 54 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | | | | | | | | | | | | | | | | | | | | |
| NAIC Rating Designation of Underlying Credit Obligation(1) | | | | | | | | | | | | | | | | | | | | |
| NAIC 1 | NAIC 2 | NAIC 3 | NAIC 4 | NAIC 5 | NAIC 6(2) | Total | | | | | | | | | | | | | | |
| Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | | | | | | | |
| (in millions) | | | | | | | | | | | | | | | | | | | | |
| Single name reference(3) | $0 | | $0 | | $9 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $0 | $9 | $0 |
| Index reference(3) | 0 | | 0 | | 0 | | 0 | | 4,711 | | 53 | | 0 | | 0 | 0 | 0 | 697 | 44 | 5,408 | 97 |
| Total | $0 | | $0 | | $9 | | $0 | | $4,711 | | $53 | | $0 | | $0 | $0 | $0 | $697 | $44 | $5,417 | $97 |
Table 55 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | | | | | | | | | | | | | | |
| NAIC Rating Designation of Underlying Credit Obligation(1) | | | | | | | | | | | | | | | | | | | | |
| NAIC 1 | NAIC 2 | NAIC 3 | NAIC 4 | NAIC 5 | NAIC 6(2) | Total | | | | | | | | | | | | | | |
| Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | Gross Notional | Fair Value | | | | | | | |
| (in millions) | | | | | | | | | | | | | | | | | | | | |
| Single name reference(3) | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Index reference(3) | 0 | | 0 | | 0 | | 0 | | 5,043 | | 61 | | 0 | | 0 | 0 | 0 | 741 | 51 | 5,784 | 112 |
| Total | $0 | | $0 | | $0 | | $0 | | $5,043 | | $61 | | $0 | | $0 | $0 | $0 | $741 | $51 | $5,784 | $112 |
Table 56 after “The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated.”
| June 30, 2026 | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 | Netting(1) | Total | | | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $0 | | $22,213 | | $0 | | $$ | 22,213 | | |
| Obligations of U.S. states and their political subdivisions | 0 | | 4,936 | | 5 | | | | 4,941 | |
| Foreign government securities | 0 | | 45,141 | | 5 | | | | 45,146 | |
| U.S. corporate public securities | 0 | | 108,041 | | 40 | | | | 108,081 | |
First 8 of 37 rows. The download has all of them.
Table 57 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 | Netting(1) | Total | | | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $0 | | $22,179 | | $0 | | $$ | 22,179 | | |
| Obligations of U.S. states and their political subdivisions | 0 | | 5,460 | | 5 | | | | 5,465 | |
| Foreign government securities | 0 | | 50,609 | | 5 | | | | 50,614 | |
| U.S. corporate public securities | 0 | | 107,718 | | 63 | | | | 107,781 | |
First 8 of 37 rows. The download has all of them.
Table 58 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| As of June 30, 2026 | | | | | | | | | | | | |
| Fair Value | Valuation Techniques | | Unobservable Inputs | | Minimum | | Maximum | | Weighted Average | | Impact of Increase in Input on Fair Value(1) | |
| (in millions) | | | | | | | | | | | | |
| Assets: | | | | | | | | | | | | | |
| Corporate securities(2)(3) | $6,824 | | Discounted cash flow | | Discount rate | | 1.17% | | 31.61% | | 9.96% | | Decrease |
| | Market comparables | | EBITDA multiple(4) | | 5.5X | | 8.5X | | 6.9X | | Increase | |
| | Liquidation | | Liquidation value | | 16.56% | | 72.50% | | 33.59% | | Increase | |
| Asset backed securities | $3,166 | | Discounted cash flow | | Discount rate | | 1.90% | | 10.56% | | 4.87% | | Decrease |
First 8 of 35 rows. The download has all of them.
Table 59 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| As of December 31, 2025 | | | | | | | | | | | | |
| Fair Value | Valuation Techniques | | Unobservable Inputs | | Minimum | | Maximum | | Weighted Average | | Impact of Increase in Input on Fair Value(1) | |
| (in millions) | | | | | | | | | | | | |
| Assets: | | | | | | | | | | | | | |
| Corporate securities(2)(3) | $7,702 | | Discounted cash flow | | Discount rate | | 1.10% | | 25.50% | | 8.47% | | Decrease |
| | Market comparables | | EBITDA multiple(4) | | 5.5X | | 8.5X | | 7.5X | | Increase | |
| | Liquidation | | Liquidation value | | 12.01% | | 39.00% | | 30.18% | | Increase | |
| Asset backed securities | $1,767 | | Discounted cash flow | | Discount rate | | 2.10% | | 10.05% | | 6.10% | | Decrease |
First 8 of 35 rows. The download has all of them.
Table 60 after “Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing”
| Three Months Ended June 30, 2026(6) | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses) | Purchases | Sales | Issuances | Settlements | Other(1) | Transfers into Level 3(7) | Transfers out of Level 3(7) | Fair Value, end of period | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | | | | | | |
| U.S. states | $5 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $5 | $0 |
| Foreign government | 5 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | 0 | 5 | 0 |
| Corporate securities(3) | 7,465 | | (16) | | 435 | | (193) | | 0 | | (352) | (1,205) | 26 | 0 | 6,160 | (22) |
| Structured securities(4) | 5,896 | | 1 | | 1,505 | | (104) | | 0 | | (220) | 1,223 | 41 | (542) | 7,800 | (1) |
First 8 of 21 rows. The download has all of them.
Table 61 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2026 | | | | | | | | | | | | |
| Total realized and unrealized gains (losses) | | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | | | | | | |
| Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | Net investment income | Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | | | | |
| (in millions) | | | | | | | | | | | | |
| Fixed maturities, available-for-sale | $(22) | | $0 | | $0 | $6 | | $1 | | $(26) | $0 | $0 | $3 |
| Other assets: | | | | | | | | | | | | | |
| Fixed maturities, trading | 0 | | 1 | | 0 | 0 | | 1 | | 0 | (5) | 0 | 0 |
| Equity securities | 0 | | (22) | | 0 | 0 | | 0 | | 0 | (23) | 0 | 0 |
First 8 of 18 rows. The download has all of them.
Table 62 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026(6) | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses) | Purchases | Sales | Issuances | Settlements | Other(1) | Transfers into Level 3(7) | Transfers out of Level 3(7) | Fair Value, end of period | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | | | | | | |
| U.S. states | $5 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $5 | $0 |
| Foreign government | 5 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | 0 | 5 | 0 |
| Corporate securities(3) | 6,933 | | (170) | | 1,121 | | (287) | | 0 | | (712) | (1,192) | 495 | (28) | 6,160 | (187) |
| Structured securities(4) | 5,055 | | (31) | | 2,803 | | (158) | | 0 | | (370) | 1,222 | 41 | (762) | 7,800 | (33) |
First 8 of 21 rows. The download has all of them.
Table 63 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | | | | |
| Total realized and unrealized gains (losses) | | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | | | | | | |
| Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | Net investment income | Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | | | | |
| (in millions) | | | | | | | | | | | | |
| Fixed maturities, available-for-sale | $(99) | | $0 | | $0 | $(105) | | $3 | | $(115) | $0 | $0 | $(105) |
| Other assets: | | | | | | | | | | | | | |
| Fixed maturities, trading | 0 | | (43) | | 0 | 0 | | 1 | | 0 | (54) | 0 | 0 |
| Equity securities | 0 | | (54) | | 0 | 0 | | 0 | | 0 | (51) | 0 | 0 |
First 8 of 18 rows. The download has all of them.
Table 64 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2025(6) | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses) | Purchases | Sales | Issuances | Settlements | Other(1) | Transfers into Level 3(7) | Transfers out of Level 3(7) | Fair Value, end of period | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | | | | | | |
| U.S. states | $5 | | $0 | | $(1) | | $0 | | $0 | | $1 | $0 | $0 | $0 | $5 | $0 |
| Foreign government | 5 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | 0 | 5 | 0 |
| Corporate securities(3) | 6,279 | | 42 | | 839 | | (121) | | 0 | | (408) | 11 | 18 | 0 | 6,660 | 38 |
| Structured securities(4) | 3,217 | | (9) | | 1,502 | | (446) | | 0 | | (168) | 191 | 199 | (158) | 4,328 | (6) |
First 8 of 21 rows. The download has all of them.
Table 65 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2025 | | | | | | | | | | | | |
| Total realized and unrealized gains (losses) | | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | | | | | | |
| Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | Net investment income | Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | | | | |
| (in millions) | | | | | | | | | | | | |
| Fixed maturities, available-for-sale | $(12) | | $0 | | $0 | $46 | | $(1) | | $(11) | $0 | $0 | $43 |
| Other assets: | | | | | | | | | | | | | |
| Fixed maturities, trading | 0 | | (28) | | 0 | 0 | | 14 | | 0 | (31) | 0 | 0 |
| Equity securities | 0 | | 4 | | 0 | 0 | | 0 | | 0 | 4 | 0 | 0 |
First 8 of 18 rows. The download has all of them.
Table 66 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025(6) | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses) | Purchases | Sales | Issuances | Settlements | Other(1) | Transfers into Level 3(7) | Transfers out of Level 3(7) | Fair Value, end of period | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Fixed maturities, available-for-sale: | | | | | | | | | | | | | | | | |
| U.S. states | $6 | | $0 | | $(1) | | $0 | | $0 | | $0 | $0 | $0 | $0 | $5 | $0 |
| Foreign government | 7 | | 0 | | 0 | | 0 | | 0 | | (2) | 0 | 0 | 0 | 5 | 0 |
| Corporate securities(3) | 5,831 | | (26) | | 1,707 | | (471) | | 0 | | (602) | (30) | 252 | (1) | 6,660 | (32) |
| Structured securities(4) | 2,333 | | 9 | | 2,328 | | (769) | | 0 | | (233) | (171) | 1,064 | (233) | 4,328 | 12 |
First 8 of 21 rows. The download has all of them.
Table 67 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | | | |
| Total realized and unrealized gains (losses) | | Unrealized gains (losses) for assets and liabilities still held(2) | | | | | | | | | | |
| Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | Net investment income | Realized investment gains (losses), net | Other income (loss) | Interest credited to policyholders’ account balances | Included in other comprehensive income (losses) | | | | |
| (in millions) | | | | | | | | | | | | |
| Fixed maturities, available-for-sale | $(31) | | $0 | | $0 | $18 | | $(4) | | $(33) | $0 | $0 | $13 |
| Other assets: | | | | | | | | | | | | | |
| Fixed maturities, trading | 0 | | (34) | | 0 | 0 | | (1) | | 0 | (39) | 0 | 0 |
| Equity securities | 0 | | (13) | | 0 | 0 | | 0 | | 0 | (19) | 0 | 0 |
First 8 of 18 rows. The download has all of them.
Table 68 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| As of June 30, 2026 | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 | Netting(1) | Total | | | | |
| (in millions) | | | | | | | | | |
| Derivative Assets: | | | | | | | | | | |
| Interest Rate | $10 | | $11,751 | | $0 | | $$ | 11,761 | | |
| Currency | 0 | | 1,884 | | 0 | | | | 1,884 | |
| Credit | 0 | | 97 | | 0 | | | | 97 | |
| Currency/Interest Rate | 0 | | 1,759 | | 0 | | | | 1,759 | |
First 8 of 19 rows. The download has all of them.
Table 69 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| As of December 31, 2025 | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 | Netting(1) | Total | | | | |
| (in millions) | | | | | | | | | |
| Derivative Assets: | | | | | | | | | | |
| Interest Rate | $7 | | $11,210 | | $0 | | $$ | 11,217 | | |
| Currency | 0 | | 1,384 | | 0 | | | | 1,384 | |
| Credit | 0 | | 112 | | 0 | | | | 112 | |
| Currency/Interest Rate | 0 | | 1,656 | | 0 | | | | 1,656 | |
First 8 of 19 rows. The download has all of them.
Table 70 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2026 | | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses)(1) | Purchases | Sales | Issuances | Settlements | | Other | Transfers into Level 3(2) | Transfers out of Level 3(2) | Fair Value, end of period | Unrealized gains (losses) for assets still held(1) | | | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Net Derivative - Equity | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $0 |
| Net Derivative - Interest Rate | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | 0 | 0 |
Table 71 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses)(1) | Purchases | Sales | Issuances | Settlements | | Other | Transfers into Level 3(2) | Transfers out of Level 3(2) | Fair Value, end of period | Unrealized gains (losses) for assets still held(1) | | | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Net Derivative - Equity | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $0 | $0 |
| Net Derivative - Interest Rate | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | 0 | 0 |
Table 72 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2025 | | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses)(1) | Purchases | Sales | Issuances | Settlements | | Other | Transfers into Level 3(2) | Transfers out of Level 3(2) | Fair Value, end of period | Unrealized gains (losses) for assets still held(1) | | | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Net Derivative - Equity | $1 | | $0 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $1 | $0 |
| Net Derivative - Interest Rate | (13) | | (2) | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | (15) | (2) |
Table 73 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | | | | | | | |
| Fair Value, beginning of period | Total realized and unrealized gains (losses)(1) | Purchases | Sales | Issuances | Settlements | | Other | Transfers into Level 3(2) | Transfers out of Level 3(2) | Fair Value, end of period | Unrealized gains (losses) for assets still held(1) | | | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Net Derivative - Equity | $0 | | $1 | | $0 | | $0 | | $0 | | $0 | | $0 | $0 | $0 | $1 | $1 |
| Net Derivative - Interest Rate | 0 | | (15) | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | 0 | (15) | (15) |
Table 74 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | (in millions) | | | | |
| Gains (Losses): | | | | | | |
| Investment real estate | $0 | | $0 | | $0 | $(12) |
| Investment in JV/LP and Other | $0 | | $0 | | $(5) | $0 |
| Equity securities | $0 | | $0 | | $9 | $0 |
Table 75 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Carrying value after measurement as of period end: | | | |
| Investment real estate(1) | $2 | | $45 |
| Investment in JV/LP and Other(1) | $61 | | $61 |
| Equity securities(1) | $32 | | $92 |
Table 76 after “The following tables present information regarding assets and liabilities where the fair value option has been elected.”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | (in millions) | | | | |
| Commercial mortgage and other loans: | | | | | | |
| Interest income | $13 | | $9 | | $21 | $17 |
| Changes in fair value | $0 | | $0 | | $0 | $0 |
| Notes issued by consolidated VIEs: | | | | | | |
| Interest expense | $5 | | $2 | | $13 | $2 |
First 8 of 9 rows. The download has all of them.
Table 77 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Commercial mortgage and other loans(1): | | | |
| Fair value as of period end | $959 | | $1,056 |
| Aggregate contractual principal as of period end | $951 | | $1,048 |
| Other invested assets: | | | |
| Fair value as of period end | $26 | | $26 |
| Notes issued by consolidated VIEs: | | | |
First 8 of 10 rows. The download has all of them.
Table 78 after “e carrying amount equals or approximates fair value.”
| June 30, 2026 | | | | | | | |
| Fair Value | Carrying Amount(1) | | | | | | |
| Level 1 | Level 2 | | Level 3 | Total | Total | | |
| (in millions) | | | | | | | |
| Assets: | | | | | | | | |
| Commercial mortgage and other loans | $0 | | $12 | | $63,303 | | $63,315 | $65,026 |
| Policy loans | 14 | | 0 | | 9,970 | | 9,984 | 9,984 |
| Other invested assets | 0 | | 94 | | 0 | | 94 | 94 |
First 8 of 25 rows. The download has all of them.
Table 79 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| December 31, 2025 | | | | | | | |
| Fair Value | Carrying Amount(1) | | | | | | |
| Level 1 | Level 2 | | Level 3 | Total | Total | | |
| (in millions) | | | | | | | |
| Assets: | | | | | | | | |
| Commercial mortgage and other loans | $0 | | $14 | | $63,164 | | $63,178 | $63,659 |
| Policy loans | 12 | | 0 | | 9,946 | | 9,958 | 9,958 |
| Other invested assets | 0 | | 93 | | 0 | | 93 | 93 |
First 8 of 25 rows. The download has all of them.
Table 80 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products | International Businesses | Total | | | | |
| Retirement | Term Life | | Variable/ Universal Life | Annuities | Guaranteed Universal Life | | | | |
| (in millions) | | | | | | | | | |
| Balance, BOP | $2,304 | | $2,203 | | $4,845 | | $2,308 | $545 | $9,678 | $21,883 |
| Capitalization | 352 | | 100 | | 338 | | 2 | 10 | 505 | 1,307 |
| Amortization expense | (172) | | (105) | | (114) | | (118) | (10) | (360) | (879) |
| Other adjustments | 0 | | 1 | | (3) | | 0 | 0 | 6 | 4 |
First 8 of 12 rows. The download has all of them.
Table 81 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products(1) | International Businesses | Total(1) | | | | |
| Retirement(1) | Term Life | | Variable/ Universal Life(1) | Annuities | Guaranteed Universal Life | | | | |
| (in millions) | | | | | | | | | |
| Balance, BOP | $1,744 | | $2,215 | | $4,369 | | $2,556 | $509 | $9,304 | $20,697 |
| Capitalization | 491 | | 95 | | 301 | | 2 | 25 | 603 | 1,517 |
| Amortization expense | (150) | | (104) | | (104) | | (123) | (13) | (344) | (838) |
| Other adjustments(2) | 19 | | 0 | | 1 | | 0 | 4 | (214) | (190) |
First 8 of 12 rows. The download has all of them.
Table 82 after “The following tables show a rollforward for the lines of business that contain DRL balances, along with a reconciliation to the Company’s to”
| Six Months Ended June 30, 2026 | | | | |
| | U.S. Legacy Products | | Total | |
| Retirement | Guaranteed Universal Life | | | |
| (in millions) | | | | |
| Balance, BOP | $248 | | $932 | | $1,180 |
| Amortization | (15) | | (19) | | (34) |
| Balance, EOP | $233 | | $913 | | 1,146 |
| Other businesses | | | | 63 | |
First 8 of 9 rows. The download has all of them.
Table 83 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | |
| | U.S. Legacy Products | | Total | |
| Retirement | Guaranteed Universal Life | | | |
| (in millions) | | | | |
| Balance, BOP | $280 | | $969 | | $1,249 |
| Amortization | (16) | | (18) | | (34) |
| Balance, EOP | $264 | | $951 | | 1,215 |
| Other businesses | | | | 63 | |
First 8 of 9 rows. The download has all of them.
Table 84 after “The following tables show a rollforward for the lines of business that contain DRG balances, along with a reconciliation to the Company’s to”
| Six Months Ended June 30, 2026 | | | | | |
| | U.S. Legacy Products | | Total | | |
| Retirement | Annuities | | Guaranteed Universal Life | | |
| (in millions) | | | | | |
| Balance, BOP | $67 | | $263 | | $333 | $663 |
| Deferred reinsurance gain | 7 | | 0 | | 0 | 7 |
| Amortization | (2) | | (11) | | (8) | (21) |
| Foreign currency adjustment | 1 | | 0 | | 0 | 1 |
First 8 of 11 rows. The download has all of them.
Table 85 after “The following tables show a rollforward for the lines of business that contain DRG balances, along with a reconciliation to the Company’s to”
| Six Months Ended June 30, 2025 | | | | | |
| | U.S. Legacy Products | | Total | | |
| Retirement | Annuities | | Guaranteed Universal Life | | |
| (in millions) | | | | | |
| Balance, BOP | $62 | | $287 | | $348 | $697 |
| Deferred reinsurance gain | 2 | | 0 | | 0 | 2 |
| Amortization | (2) | | (12) | | (8) | (22) |
| Foreign currency adjustment | 6 | | 0 | | 0 | 6 |
First 8 of 11 rows. The download has all of them.
Table 86 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, | | |
| 2026 | 2025(1) | |
| (in millions) | | |
| Balance, BOP | $348 | | $378 |
| Capitalization | 1 | | 1 |
| Amortization expense | (16) | | (17) |
| Balance, EOP | 333 | | 362 |
| Other businesses | 25 | | 27 |
First 8 of 9 rows. The download has all of them.
Table 87 after “The following table shows a rollforward of VOBA balances for the acquisition of the Star and Edison Businesses for International Businesses,”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| (in millions) | | |
| Balance, BOP | $384 | | $421 |
| Amortization expense | (17) | | (20) |
| Foreign currency adjustment | (12) | | 35 |
| Balance, EOP | 355 | | 436 |
| Other businesses(1) | 11 | | 14 |
First 8 of 9 rows. The download has all of them.
Table 88 after “The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Asset Type: | | | |
| U.S. Treasury securities and obligations of U.S. government authorities and agencies | $4,964 | | $4,753 |
| Obligations of U.S. states and their political subdivisions | 2,552 | | 2,514 |
| Foreign government bonds | 125 | | 109 |
| U.S. corporate securities | 12,905 | | 13,783 |
| Foreign corporate securities | 3,497 | | 4,282 |
First 8 of 20 rows. The download has all of them.
Table 89 after “The balances of and changes in separate account liabilities as of and for the periods ended are as follows:”
| Six Months Ended June 30, 2026 | | | | | | | | | |
| PGIM | Retirement | | Group Insurance | Individual Life | U.S. Legacy Products | | Total | | |
| (in millions) | | | | | | | | | |
| Balance, BOP | $29,278 | | $12,154 | | $26,916 | | $54,073 | | $77,880 | $200,301 |
| Deposits | 4,244 | | 296 | | 1,128 | | 2,217 | | 32 | 7,917 |
| Investment performance | 537 | | 475 | | 737 | | 4,312 | | 4,124 | 10,185 |
| Policy charges | (31) | | (11) | | (187) | | (645) | | (917) | (1,791) |
| Surrenders and withdrawals | (2,692) | | (808) | | (21) | | (650) | | (6,756) | (10,927) |
First 8 of 15 rows. The download has all of them.
Table 90 after “cash surrender charges for the PGIM segment.”
| Six Months Ended June 30, 2025 | | | | | | | | | |
| PGIM | Retirement | | Group Insurance | Individual Life | U.S. Legacy Products | | Total | | |
| (in millions) | | | | | | | | | |
| Balance, BOP | $28,645 | | $12,664 | | $25,126 | | $46,891 | | $83,618 | $196,944 |
| Deposits | 5,132 | | 453 | | 126 | | 1,968 | | 28 | 7,707 |
| Investment performance | 1,148 | | 522 | | 1,163 | | 2,644 | | 4,325 | 9,802 |
| Policy charges | (33) | | (5) | | (137) | | (615) | | (1,006) | (1,796) |
| Surrenders and withdrawals | (3,499) | | (946) | | (25) | | (549) | | (6,316) | (11,335) |
First 8 of 15 rows. The download has all of them.
Table 91 after “The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Val”
| Six Months Ended June 30, 2026 | | | | | | | | |
| Present Value of Expected Net Premiums | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total | | |
| Retirement | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, BOP | $87,431 | | $10,637 | | | $41,359 | | $2,868 | $142,295 |
| Effect of cumulative changes in discount rate assumptions, BOP | 14,178 | | 280 | | | 3,431 | | 64 | 17,953 |
| Balance at original discount rate, BOP | 101,609 | | 10,917 | | | 44,790 | | 2,932 | 160,248 |
First 8 of 21 rows. The download has all of them.
Table 92 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | |
| Present Value of Expected Future Policy Benefits | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total | | |
| Retirement | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, BOP | $167,704 | | $19,166 | | | $125,543 | | $11,660 | $324,073 |
| Effect of cumulative changes in discount rate assumptions, BOP | 17,769 | | 602 | | | 26,267 | | 1,435 | 46,073 |
| Balance at original discount rate, BOP | 185,473 | | 19,768 | | | 151,810 | | 13,095 | 370,146 |
First 8 of 21 rows. The download has all of them.
Table 93 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | |
| Net Liability for Future Policy Benefits - Benefit Reserves | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total | | |
| Retirement | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, EOP, pre-flooring | $78,757 | | $8,535 | | | $79,855 | | $9,013 | $176,160 |
| Flooring impact, EOP | 205 | | 2 | | | 87 | | 0 | 294 |
| Balance, EOP, post-flooring | 78,962 | | 8,537 | | | 79,942 | | 9,013 | 176,454 |
First 8 of 12 rows. The download has all of them.
Table 94 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | |
| Present Value of Expected Net Premiums | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total(2) | | |
| Retirement(2) | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, BOP | $72,526 | | $10,724 | | | $45,851 | | $2,854 | $131,955 |
| Effect of cumulative changes in discount rate assumptions, BOP | 14,545 | | 578 | | | 2,599 | | 132 | 17,854 |
| Balance at original discount rate, BOP | 87,071 | | 11,302 | | | 48,450 | | 2,986 | 149,809 |
First 8 of 21 rows. The download has all of them.
Table 95 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | |
| Present Value of Expected Future Policy Benefits | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total(2) | | |
| Retirement(2) | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, BOP | $151,679 | | $18,996 | | | $135,485 | | $11,178 | $317,338 |
| Effect of cumulative changes in discount rate assumptions, BOP | 20,199 | | 1,134 | | | 17,834 | | 1,548 | 40,715 |
| Balance at original discount rate, BOP | 171,878 | | 20,130 | | | 153,319 | | 12,726 | 358,053 |
First 8 of 21 rows. The download has all of them.
Table 96 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | |
| Net Liability for Future Policy Benefits - Benefit Reserves | | | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | Total(2) | | |
| Retirement(2) | Term Life | | | Long-Term Care | | | | |
| (in millions) | | | | | | | | |
| Balance, EOP, pre-flooring | $78,400 | | $8,337 | | | $90,326 | | $8,450 | $185,513 |
| Flooring impact, EOP | 106 | | 0 | | | 80 | | 0 | 186 |
| Balance, EOP, post-flooring | 78,506 | | 8,337 | | | 90,406 | | 8,450 | 185,699 |
First 8 of 12 rows. The download has all of them.
Table 97 after “The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregat”
| Six Months Ended June 30, 2026 | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | |
| Retirement | Term Life | | | Long-Term Care | | |
| ($ in millions) | | | | | | |
| Undiscounted expected future gross premiums | $172,541 | | $22,836 | | | $95,546 | $6,366 |
| Discounted expected future gross premiums (at original discount rate) | $107,481 | | $15,415 | | | $74,326 | $4,316 |
| Discounted expected future gross premiums (at current discount rate) | $90,584 | | $14,928 | | | $67,213 | $4,174 |
| Undiscounted expected future benefits and expenses | $298,653 | | $30,406 | | | $238,949 | $30,490 |
First 8 of 12 rows. The download has all of them.
Table 98 after “The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregat”
| Six Months Ended June 30, 2025 | | | | | | |
| | Individual Life | | International Businesses | | Corporate and Other | |
| Retirement(1) | Term Life | | | Long-Term Care | | |
| ($ in millions) | | | | | | |
| Undiscounted expected future gross premiums | $178,217 | | $22,958 | | | $107,923 | $6,588 |
| Discounted expected future gross premiums (at original discount rate) | $111,292 | | $15,586 | | | $84,598 | $4,427 |
| Discounted expected future gross premiums (at current discount rate) | $94,675 | | $15,086 | | | $79,680 | $4,308 |
| Undiscounted expected future benefits and expenses | $302,651 | | $30,430 | | | $260,920 | $29,531 |
First 8 of 12 rows. The download has all of them.
Table 99 after “The balances of and changes in DPL as of and for the period indicated are as follows:”
| Six Months Ended June 30, 2026 | | | | |
| Deferred Profit Liability | | | | |
| | International Businesses | | Total | |
| Retirement | | | | |
| (in millions) | | | | |
| Balance, BOP, post-flooring | $5,419 | | $10,225 | | $15,644 |
| Less: Flooring impact, BOP | 0 | | 2 | | 2 |
| Balance, BOP, pre-flooring | 5,419 | | 10,223 | | 15,642 |
First 8 of 23 rows. The download has all of them.
Table 100 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | |
| Deferred Profit Liability | | | | |
| | International Businesses | | | |
| Retirement(1) | | Total(1) | | |
| (in millions) | | | | |
| Balance, BOP, post-flooring | $5,683 | | $9,354 | | $15,037 |
| Less: Flooring impact, BOP | 0 | | 2 | | 2 |
| Balance, BOP, pre-flooring | 5,683 | | 9,352 | | 15,035 |
First 8 of 23 rows. The download has all of them.
Table 101 after “The following table shows a rollforward of AIR balances for guaranteed universal life products within the U.S. Legacy Products segment, whic”
| Six Months Ended June 30, | | |
| 2026 | 2025(1) | |
| (in millions) | | |
| Balance, including amounts in AOCI, BOP, post-flooring | $17,904 | | $16,205 |
| Flooring impact and amounts in AOCI | 315 | | 460 |
| Balance, excluding amounts in AOCI, BOP, pre-flooring | 18,219 | | 16,665 |
| Effect of assumption update | (51) | | 81 |
| Effect of actual variances from expected experience and other activity | (39) | | (12) |
First 8 of 20 rows. The download has all of them.
Table 102 after “million at June 30, 2026 and 2025, respectively.”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| Weighted-average duration of the liability in years (at original discount rate) | 20 | 21 | |
| Weighted-average interest rate (at original discount rate) | 3.33% | | 3.41% |
Table 103 after “The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, DPL, and AIR including oth”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| (in millions) | | |
| Benefit reserves, EOP, post-flooring | $177,814 | | $187,106 |
| Deferred Profit Liability EOP, post-flooring | 15,661 | | 15,790 |
| Additional insurance reserves, including amounts in AOCI, EOP, post-flooring | 19,013 | | 17,282 |
| Subtotal of amounts disclosed above | 212,488 | | 220,178 |
| Other Future Policy Benefits reserves(1) | 48,456 | | 49,955 |
First 8 of 9 rows. The download has all of them.
Table 104 after “The following tables present revenue and interest expense related to Benefit Reserves, DPL, and AIR in the Company’s Consolidated Statement ”
| Six Months Ended June 30, 2026 | | | | | | | | | |
| Revenues(1) | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products | International Businesses | Other Businesses | | Total | | |
| Retirement | Term Life | | Guaranteed Universal Life | | | | | | |
| (in millions) | | | | | | | | | |
| Benefit reserves | $5,209 | | $972 | | $0 | | $4,896 | | $288 | $11,365 |
| Deferred profit liability | 127 | | 0 | | 0 | | (71) | | 8 | 64 |
| Additional insurance reserves | 96 | | 0 | | 869 | | 102 | | 682 | 1,749 |
First 8 of 9 rows. The download has all of them.
Table 105 after “The following tables present revenue and interest expense related to Benefit Reserves, DPL, and AIR in the Company’s Consolidated Statement ”
| Six Months Ended June 30, 2025 | | | | | | | | | |
| Revenues(1) | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products(2) | International Businesses | Other Businesses(2) | | Total | | |
| Retirement(2) | Term Life | | Guaranteed Universal Life | | | | | | |
| (in millions) | | | | | | | | | |
| Benefit reserves | $3,727 | | $964 | | $0 | | $5,441 | | $274 | $10,406 |
| Deferred profit liability | 132 | | 0 | | 0 | | (352) | | (3) | (223) |
| Additional insurance reserves | 34 | | 0 | | 687 | | 0 | | 635 | 1,356 |
First 8 of 9 rows. The download has all of them.
Table 106 after “The following tables present revenue and interest expense related to Benefit Reserves, DPL, and AIR in the Company’s Consolidated Statement ”
| Six Months Ended June 30, 2026 | | | | | | | | | |
| Interest Expense | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products | International Businesses | Other Businesses | | Total | | |
| Retirement | Term Life | | Guaranteed Universal Life | | | | | | |
| (in millions) | | | | | | | | | |
| Benefit reserves | $1,837 | | $213 | | $0 | | $1,648 | | $269 | $3,967 |
| Deferred profit liability | 112 | | 0 | | 0 | | 187 | | 2 | 301 |
| Additional insurance reserves | 3 | | 0 | | 305 | | 1 | | 6 | 315 |
First 8 of 9 rows. The download has all of them.
Table 107 after “The following tables present revenue and interest expense related to Benefit Reserves, DPL, and AIR in the Company’s Consolidated Statement ”
| Six Months Ended June 30, 2025 | | | | | | | | | |
| Interest Expense | | | | | | | | | |
| | Individual Life | | U.S. Legacy Products(2) | International Businesses | Other Businesses(2) | | Total | | |
| Retirement(2) | Term Life | | Guaranteed Universal Life | | | | | | |
| (in millions) | | | | | | | | | |
| Benefit reserves | $1,800 | | $205 | | $0 | | $1,635 | | $255 | $3,895 |
| Deferred profit liability | 116 | | 0 | | 0 | | 172 | | 2 | 290 |
| Additional insurance reserves | 1 | | 0 | | 282 | | 1 | | 8 | 292 |
First 8 of 9 rows. The download has all of them.
Table 108 after “The balances of and changes in policyholders’ account balances as of and for the periods ended are as follows:”
| Six Months Ended June 30, 2026 | | | | | | | | | | |
| | Group Insurance | | Individual Life | U.S. Legacy Products | International Businesses | | Total | | | |
| Retirement | Life/Disability | | Variable/Universal Life | Annuities | Guaranteed Universal Life | | | | | |
| ($ in millions) | | | | | | | | | | |
| Balance, beginning of period | $80,975 | | $4,763 | | $15,480 | | $3,715 | | $12,788 | $60,946 | $178,667 |
| Deposits | 11,179 | | 446 | | 728 | | 65 | | 649 | 3,859 | 16,926 |
| Interest credited | 1,044 | | 65 | | 200 | | 136 | | 188 | 1,359 | 2,992 |
| Policy charges | (93) | | (161) | | (264) | | (1) | | (764) | (352) | (1,635) |
First 8 of 21 rows. The download has all of them.
Table 109 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | |
| | Group Insurance | | Individual Life(5) | U.S. Legacy Products(5) | International Businesses | | Total | | | |
| Retirement(5) | Life/Disability | | Variable/Universal Life | Annuities | Guaranteed Universal Life | | | | | |
| ($ in millions) | | | | | | | | | | |
| Balance, beginning of period | $60,869 | | $4,974 | | $14,902 | | $4,324 | | $12,694 | $54,270 | $152,033 |
| Deposits | 11,154 | | 483 | | 681 | | 59 | | 692 | 4,971 | 18,040 |
| Interest credited | 888 | | 67 | | 16 | | 48 | | 183 | 686 | 1,888 |
| Policy charges | (62) | | (168) | | (257) | | (1) | | (767) | (296) | (1,551) |
First 8 of 21 rows. The download has all of them.
Table 110 after “The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points (“bps”), b”
| June 30, 2026 | | | | | | | |
| Range of Guaranteed Minimum Crediting Rate(1) | At guaranteed minimum | 1 - 50 bps above guaranteed minimum | | 51 - 150 bps above guaranteed minimum | Greater than 150 bps above guaranteed minimum | Total | | |
| (in millions) | | | | | | | |
| Retirement | | | | | | | | |
| Less than 1.00% | $230 | | $20 | | $43 | | $1,881 | $2,174 |
| 1.00% - 1.99% | 1,870 | | 34 | | 137 | | 46 | 2,087 |
| 2.00% - 2.99% | 184 | | 2,178 | | 636 | | 10 | 3,008 |
| 3.00% - 4.00% | 6,182 | | 5 | | 11 | | 2 | 6,200 |
First 8 of 45 rows. The download has all of them.
Table 111 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2025 | | | | | | | |
| Range of Guaranteed Minimum Crediting Rate(1) | At guaranteed minimum | 1 - 50 bps above guaranteed minimum | | 51 - 150 bps above guaranteed minimum | Greater than 150 bps above guaranteed minimum | Total | | |
| (in millions) | | | | | | | |
| Retirement(2) | | | | | | | | |
| Less than 1.00% | $640 | | $4 | | $18 | | $1,118 | $1,780 |
| 1.00% - 1.99% | 1,948 | | 55 | | 178 | | 52 | 2,233 |
| 2.00% - 2.99% | 174 | | 449 | | 550 | | 15 | 1,188 |
| 3.00% - 4.00% | 6,389 | | 6 | | 11 | | 3 | 6,409 |
First 8 of 45 rows. The download has all of them.
Table 112 after “The balance of and changes in URR as of and for the periods ended are as follows:”
| Six Months Ended June 30, 2026 | | | | | | |
| Individual Life | U.S. Legacy Products | | International Businesses | | | |
| Variable/ Universal Life | Guaranteed Universal Life | | | Total | | |
| (in millions) | | | | | | |
| Balance, beginning of period | $3,809 | | $2,047 | | | $666 | $6,522 |
| Unearned revenue | 302 | | 123 | | | 80 | 505 |
| Amortization expense | (95) | | (42) | | | (18) | (155) |
| Foreign currency adjustment | 0 | | 0 | | | (17) | (17) |
First 8 of 11 rows. The download has all of them.
Table 113 after “The balance of and changes in URR as of and for the periods ended are as follows:”
| Six Months Ended June 30, 2025 | | | | | | |
| Individual Life(1) | U.S. Legacy Products(1) | | International Businesses | | | |
| Variable/ Universal Life | Guaranteed Universal Life | | | Total | | |
| (in millions) | | | | | | |
| Balance, beginning of period | $3,389 | | $1,856 | | | $505 | $5,750 |
| Unearned revenue | 297 | | 135 | | | 98 | 530 |
| Amortization expense | (88) | | (38) | | | (14) | (140) |
| Foreign currency adjustment | 0 | | 0 | | | 30 | 30 |
First 8 of 11 rows. The download has all of them.
Table 114 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | |
| | U.S. Legacy Products | | Total | |
| Retirement | Annuities | | | |
| (in millions) | | | | |
| Balance, BOP | $290 | | $2,794 | | $3,084 |
| Effect of cumulative changes in NPR | (29) | | 506 | | 477 |
| Balance, BOP, before effect of changes in NPR | 261 | | 3,300 | | 3,561 |
| Attributed fees collected | 53 | | 449 | | 502 |
First 8 of 23 rows. The download has all of them.
Table 115 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025(1) | | | | |
| | U.S. Legacy Products | | Total | |
| Retirement | Annuities | | | |
| (in millions) | | | | |
| Balance, BOP | $91 | | $2,657 | | $2,748 |
| Effect of cumulative changes in NPR | (16) | | 689 | | 673 |
| Balance, BOP, before effect of changes in NPR | 75 | | 3,346 | | 3,421 |
| Attributed fees collected | 31 | | 500 | | 531 |
First 8 of 23 rows. The download has all of them.
Table 116 after “The following tables present accompanying information to the rollforward tables above.”
| June 30, 2026 | | |
| | U.S. Legacy Products | |
| Retirement | Annuities | |
| ($ in millions) | | |
| Net amount at risk(2) | $752 | | $7,913 |
| Weighted-average attained age of contractholders | 73 | 73 | |
Table 117 after “The following tables present accompanying information to the rollforward tables above.”
| June 30, 2025(1) | | |
| | U.S. Legacy Products | |
| Retirement | Annuities | |
| ($ in millions) | | |
| Net amount at risk(2) | $401 | | $8,736 |
| Weighted-average attained age of contractholders | 69 | 71 | |
Table 118 after “The tables below reconcile MRB asset and liability positions as of the following dates:”
| June 30, 2026 | | | | | |
| | U.S. Legacy Products | | Other Businesses | Total | |
| Retirement | Annuities | | | | |
| (in millions) | | | | | |
| MRB Assets | $28 | | $2,402 | | $0 | $2,430 |
| MRB Liabilities | 482 | | 4,242 | | 7 | 4,731 |
| Net Liability | $454 | | $1,840 | | $7 | $2,301 |
Table 119 after “The tables below reconcile MRB asset and liability positions as of the following dates:”
| June 30, 2025(1) | | | | | |
| | U.S. Legacy Products | | Other Businesses | Total | |
| Retirement | Annuities | | | | |
| (in millions) | | | | | |
| MRB Assets | $41 | | $2,146 | | $1 | $2,188 |
| MRB Liabilities | 305 | | 4,529 | | 25 | 4,859 |
| Net Liability | $264 | | $2,383 | | $24 | $2,671 |
Table 120 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Direct premiums | $5,808 | | $5,824 | | $12,990 | $11,846 |
| Reinsurance assumed | 1,773 | | 1,757 | | 3,609 | 3,351 |
| Reinsurance ceded | (701) | | (599) | | (1,357) | (1,215) |
| Premiums | $6,880 | | $6,982 | | $15,242 | $13,982 |
| Direct policy charges and fee income | $1,213 | | $1,146 | | $2,428 | $2,329 |
First 8 of 23 rows. The download has all of them.
Table 121 after “Reinsurance recoverables and deposit receivables are as follows:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Reinsurance recoverables: | | | |
| FLIAC | $1,333 | | $1,381 |
| Prismic Re(1) | 5,402 | | 5,475 |
| Other | 301 | | 171 |
| Individual and group annuities | 7,036 | | 7,027 |
| Hartford Life Business(2) | 2,054 | | 2,022 |
First 8 of 23 rows. The download has all of them.
Table 122 after “Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabiliti”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Closed Block liabilities | | | |
| Future policy benefits | $40,582 | | $41,484 |
| Policyholders’ dividends payable | 677 | | 669 |
| Policyholders’ dividend obligation | 277 | | 571 |
| Policyholders’ account balances | 4,212 | | 4,273 |
| Other Closed Block liabilities | 2,923 | | 3,030 |
First 8 of 27 rows. The download has all of them.
Table 123 after “Information regarding the policyholder dividend obligation is as follows:”
| Six Months Ended June 30, 2026 |
| (in millions) |
| Balance, December 31, 2025 | $571 |
| Impact from earnings allocable to policyholder dividend obligation | (50) |
| Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation | (244) |
| Balance, June 30, 2026 | $277 |
Table 124 after “Closed Block revenues and benefits and expenses are as follows for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Revenues | | | | | | |
| Premiums | $426 | | $444 | | $829 | $862 |
| Net investment income | 515 | | 511 | | 1,046 | 1,003 |
| Realized investment gains (losses), net | (37) | | (199) | | (65) | (255) |
| Other income (loss) | 230 | | 190 | | 204 | 156 |
First 8 of 18 rows. The download has all of them.
Table 125 after “The table below presents the Company’s short-term debt as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| ($ in millions) | | |
| Commercial paper: | | | |
| Prudential Financial | $25 | | $25 |
| Prudential Funding, LLC | 850 | | 849 |
| Subtotal commercial paper | 875 | | 874 |
| Current portion of long-term debt: | | | |
| Senior notes | 48 | | 536 |
First 8 of 18 rows. The download has all of them.
Table 126 after “The table below presents the Company’s long-term debt as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Fixed-rate obligations: | | | |
| Surplus notes subject to set-off arrangements(1)(2) | $16,372 | | $15,744 |
| Senior notes | 10,929 | | 10,823 |
| Mortgage debt(3) | 159 | | 134 |
| Floating-rate obligations: | | | |
| Line of credit | 200 | | 255 |
First 8 of 13 rows. The download has all of them.
Table 127 after “Net periodic (benefit) cost included in “General and administrative expenses” includes the following components:”
| Three Months Ended June 30, | | | | | |
| Pension Benefits | Other Postretirement Benefits | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Components of net periodic (benefit) cost: | | | | | | |
| Service cost | $49 | | $47 | | $2 | $2 |
| Interest cost | 141 | | 141 | | 13 | 14 |
| Expected return on plan assets | (245) | | (249) | | (18) | (18) |
First 8 of 24 rows. The download has all of them.
Table 128 after “The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated:”
| Common Stock | | | | |
| Issued | Held In Treasury | | Outstanding | |
| (in millions) | | | | |
| Balance, December 31, 2025 | 666.3 | | 318.3 | | 348.0 |
| Common Stock issued | 0.0 | | 0.0 | | 0.0 |
| Common Stock acquired | 0.0 | | 4.9 | | (4.9) |
| Stock-based compensation programs(1) | 0.0 | | (2.1) | | 2.1 |
| Balance, June 30, 2026 | 666.3 | | 321.1 | | 345.2 |
Table 129 after “Dividends declared per share of Common Stock are as follows for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Dividends declared per share of Common Stock | $1.40 | | $1.35 | | $2.80 | $2.70 |
Table 130 after “The balance of and changes in each component of AOCI as of and for the six months ended June 30, 2026 and 2025, are as follows:”
| Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. | | | | | | | | | |
| Foreign Currency Translation Adjustment | Net Unrealized Investment Gains (Losses)(1) | | Interest rate remeasurement of Liability for Future Policy Benefits | Gains (Losses) from Changes in Non-performance Risk on Market Risk Benefits | Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) | | Total Accumulated Other Comprehensive Income (Loss) | | |
| (in millions) | | | | | | | | | |
| Balance, December 31, 2025 | $(3,183) | | $(18,789) | | $21,039 | | $378 | | $(2,522) | $(3,077) |
| Change in OCI before reclassifications | (157) | | (5,312) | | 3,545 | | 15 | | 0 | (1,909) |
| Amounts reclassified from AOCI | (12) | | 1,030 | | 0 | | 0 | | 35 | 1,053 |
| Income tax benefit (expense) | (50) | | 903 | | (969) | | (3) | | (8) | (127) |
| Balance, June 30, 2026 | $(3,402) | | $(22,168) | | $23,615 | | $390 | | $(2,495) | $(4,060) |
Table 131 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. | | | | | | | | | |
| Foreign Currency Translation Adjustment | Net Unrealized Investment Gains (Losses)(1) | | Interest rate remeasurement of Liability for Future Policy Benefits | Gains (Losses) from Changes in Non-performance Risk on Market Risk Benefits | Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) | | Total Accumulated Other Comprehensive Income (Loss) | | |
| (in millions) | | | | | | | | | |
| Balance, December 31, 2024 | $(3,615) | | $(18,687) | | $17,306 | | $532 | | $(2,247) | $(6,711) |
| Change in OCI before reclassifications | 806 | | (2,132) | | 3,983 | | 172 | | (5) | 2,824 |
| Amounts reclassified from AOCI | (20) | | 511 | | 0 | | 0 | | 13 | 504 |
| Income tax benefit (expense) | 80 | | 604 | | (1,187) | | (36) | | 1 | (538) |
| Balance, June 30, 2025 | $(2,749) | | $(19,704) | | $20,102 | | $668 | | $(2,238) | $(3,921) |
Table 132 after “Reclassifications out of Accumulated Other Comprehensive Income (Loss)”
| Three Months Ended June 30, | Six Months Ended June 30, | | Affected line item in Unaudited Interim Consolidated Statements of Operations | | | |
| 2026 | 2025 | | 2026 | 2025 | | |
| (in millions) | | | | | | |
| Amounts reclassified from AOCI(1)(2): | | | | | | | |
| Foreign currency translation adjustment: | | | | | | | |
| Foreign currency translation adjustments | $2 | | $8 | | $12 | $20 | Realized investment gains (losses), net |
| Foreign currency translation adjustments | 0 | | 0 | | 0 | 0 | Other income (loss) |
| Total foreign currency translation adjustment | 2 | | 8 | | 12 | 20 | |
First 8 of 20 rows. The download has all of them.
Table 133 after “The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allow”
| Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded | Net Unrealized Gains (Losses) on All Other Investments(1) | | Reinsurance Recoverables | Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables | | Policyholders’ Dividends | | Income Tax Benefit (Expense) | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) | | | | |
| (in millions) | | | | | | | | | | | | | |
| Balance, December 31, 2025 | $(4) | | $(26,641) | | $(168) | | | $623 | | $1,064 | | $6,337 | | $(18,789) |
| Net investment gains (losses) on investments arising during the period | 21 | | (5,531) | | | | | | | 1,162 | | (4,348) | | |
| Reclassification adjustment for (gains) losses included in net income | (5) | | 1,035 | | | | | | | (217) | | 813 | | |
| Reclassification due to allowance for credit losses recorded during the period | 2 | | (2) | | | | | | | 0 | | 0 | | |
| Impact of net unrealized investment (gains) losses | | | | 64 | | (110) | | | 244 | | (42) | | 156 | |
| Balance, June 30, 2026 | $14 | | $(31,139) | | $(104) | | | $513 | | $1,308 | | $7,240 | | $(22,168) |
Table 134 after “A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidate”
| Three Months Ended June 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Income | Weighted Average Shares | | Per Share Amount | Income | | Weighted Average Shares | | Per Share Amount | | |
| (in millions, except per share amounts) | | | | | | | | | | |
| Basic earnings per share | | | | | | | | | | | |
| Net income (loss) | $1,036 | | | | | $566 | | | | | |
| Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests | 51 | | | | | 33 | | | | | |
| Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards | 12 | | | | | 6 | | | | | |
First 8 of 16 rows. The download has all of them.
Table 135 after “A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidate”
| Six Months Ended June 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Income | Weighted Average Shares | | Per Share Amount | Income | | Weighted Average Shares | | Per Share Amount | | |
| (in millions, except per share amounts) | | | | | | | | | | |
| Basic earnings per share | | | | | | | | | | | |
| Net income (loss) | $1,642 | | | | | $1,308 | | | | | |
| Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests | 60 | | | | | 68 | | | | | |
| Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards | 21 | | | | | 16 | | | | | |
First 8 of 16 rows. The download has all of them.
Table 136 after “For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were consider”
| Three Months Ended June 30, | | | | | | |
| 2026 | 2025 | | | | | |
| Shares | Exercise Price Per Share | | Shares | | Exercise Price Per Share | |
| (in millions, except per share amounts, based on weighted average) | | | | | | |
| Antidilutive stock options based on application of the treasury stock method | 0.2 | | $108.67 | | | 0.2 | $108.68 |
| Antidilutive stock options due to net loss available to holders of Common Stock | 0.0 | | | | 0.0 | | |
| Antidilutive shares based on application of the treasury stock method | 0.0 | | | | 0.0 | | |
| Antidilutive shares due to net loss available to holders of Common Stock | 0.0 | | | | 0.0 | | |
First 8 of 9 rows. The download has all of them.
Table 137 after “For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were consider”
| Six Months Ended June 30, | | | | | | |
| 2026 | 2025 | | | | | |
| Shares | Exercise Price Per Share | | Shares | | Exercise Price Per Share | |
| (in millions, except per share amounts, based on weighted average) | | | | | | |
| Antidilutive stock options based on application of the treasury stock method | 0.2 | | $108.68 | | | 0.1 | $108.68 |
| Antidilutive stock options due to net loss available to holders of Common Stock | 0.0 | | | | 0.0 | | |
| Antidilutive shares based on application of the treasury stock method | 0.0 | | | | 0.0 | | |
| Antidilutive shares due to net loss available to holders of Common Stock | 0.0 | | | | 0.0 | | |
First 8 of 9 rows. The download has all of them.
Table 138 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2026 | | | | | | | | | | | | | | | |
| Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment | PGIM | Retirement (1) | | Group Insurance | Individual Life(1) | U.S. Legacy Products (1) | | International Businesses | Corporate and Other(3) | Total Adjusted Operating Income | | Total Reconciling Items | Total GAAP Revenues and Pre-tax Income | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Revenues: | | | | | | | | | | | | | | | | |
| Premiums | $0 | | $1,952 | | $1,360 | | $232 | | $31 | | $2,755 | | $(5) | $6,325 | $555 | $6,880 |
| Policy charges and fee income | 0 | | 33 | | 178 | | 460 | | 370 | | 114 | | (17) | 1,138 | 109 | 1,247 |
| Net investment income | 73 | | 2,096 | | 146 | | 377 | | 472 | | 1,643 | | 345 | 5,152 | 631 | 5,783 |
| Asset management fees, commissions and other income | 1,034 | | 92 | | 24 | | 92 | | 297 | | 179 | | (178) | 1,540 | 211 | 1,751 |
First 8 of 31 rows. The download has all of them.
Table 139 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Three Months Ended June 30, 2025 | | | | | | | | | | | | | | | |
| Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment | PGIM | Retirement (1) | | Group Insurance | Individual Life(1)(2) | U.S. Legacy Products (1) | | International Businesses | Corporate and Other(3) | Total Adjusted Operating Income | | Total Reconciling Items | Total GAAP Revenues and Pre-tax Income | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Revenues: | | | | | | | | | | | | | | | | |
| Premiums | $0 | | $2,127 | | $1,349 | | $232 | | $16 | | $2,709 | | $(7) | $6,426 | $556 | $6,982 |
| Policy charges and fee income | 0 | | 25 | | 184 | | 354 | | 430 | | 92 | | (15) | 1,070 | 179 | 1,249 |
| Net investment income | 59 | | 1,819 | | 133 | | 348 | | 460 | | 1,451 | | 330 | 4,600 | 626 | 5,226 |
| Asset management fees, commissions and other income | 984 | | 105 | | 21 | | 80 | | 325 | | 147 | | (252) | 1,410 | (1,141) | 269 |
First 8 of 31 rows. The download has all of them.
Table 140 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2026 | | | | | | | | | | | | | | | |
| Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment | PGIM | Retirement(1) | | Group Insurance | Individual Life(1) | U.S. Legacy Products(1) | | International Businesses | Corporate and Other(3) | Total Adjusted Operating Income | | Total Reconciling Items | Total GAAP Revenues and Pre-tax Income | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Revenues: | | | | | | | | | | | | | | | | |
| Premiums | $0 | | $5,197 | | $2,750 | | $466 | | $56 | | $5,704 | | $(10) | $14,163 | $1,079 | $15,242 |
| Policy charges and fee income | 0 | | 64 | | 364 | | 891 | | 728 | | 231 | | (32) | 2,246 | 133 | 2,379 |
| Net investment income | 107 | | 4,181 | | 284 | | 745 | | 947 | | 3,250 | | 646 | 10,160 | 1,288 | 11,448 |
| Asset management fees, commissions and other income | 2,040 | | 188 | | 44 | | 180 | | 577 | | 293 | | (502) | 2,820 | (702) | 2,118 |
First 8 of 31 rows. The download has all of them.
Table 141 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| Six Months Ended June 30, 2025 | | | | | | | | | | | | | | | |
| Select revenues and significant benefits and expenses, on an adjusted operating income basis, by segment | PGIM | Retirement(1)(2) | | Group Insurance | Individual Life(1)(2) | U.S. Legacy Products(1)(2) | | International Businesses | Corporate and Other(3) | Total Adjusted Operating Income | | Total Reconciling Items | Total GAAP Revenues and Pre-tax Income | | | |
| (in millions) | | | | | | | | | | | | | | | | |
| Revenues: | | | | | | | | | | | | | | | | |
| Premiums | $0 | | $3,873 | | $2,745 | | $469 | | $35 | | $5,766 | | $(16) | $12,872 | $1,110 | $13,982 |
| Policy charges and fee income | 0 | | 55 | | 381 | | 784 | | 808 | | 180 | | (30) | 2,178 | 228 | 2,406 |
| Net investment income | 79 | | 3,577 | | 267 | | 708 | | 908 | | 2,920 | | 660 | 9,119 | 1,237 | 10,356 |
| Asset management fees, commissions and other income | 1,949 | | 236 | | 42 | | 164 | | 662 | | 271 | | (575) | 2,749 | (2,297) | 452 |
First 8 of 31 rows. The download has all of them.
Table 142 after “Notes to Unaudited Interim Consolidated Financial Statements—(Continued)”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Assets by segment: | | | |
| PGIM | $39,708 | | $39,103 |
| U.S. Businesses: | | | |
| Retirement(1) | 227,007 | | 213,222 |
| Group Insurance | 42,226 | | 41,292 |
| Individual Life(1) | 92,174 | | 87,898 |
First 8 of 14 rows. The download has all of them.
Table 143 after “The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| PGIM segment intersegment revenues | $240 | | $222 | | $476 | $446 |
Table 144 after “The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indic”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Asset-based management fees | $879 | | $841 | | $1,739 | $1,695 |
| Performance-based incentive fees | 24 | | 25 | | 37 | 32 |
| Other fees | 116 | | 116 | | 239 | 239 |
| Total asset management and service fees | $1,019 | | $982 | | $2,015 | $1,966 |
Table 145 after “The related party balances with Prismic and its subsidiaries impacted the Company’s balance sheet as of the periods indicated as follows:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Reinsurance recoverables and deposit receivables | $15,754 | | $15,581 |
| Other assets | $160 | | $162 |
| Reinsurance and funds withheld payables (includes $189 and $194 of embedded derivatives at fair value at June 30, 2026 and December 31, 2025, respectively) | $7,876 | | $7,980 |
| Accumulated other comprehensive income (loss) | $(196) | | $(128) |
Table 146 after “The related party activity with Prismic and its subsidiaries impacted the Company’s results of operations and cash flows for the periods ind”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Premiums | $7 | | $(13) | | $5 | $(16) |
| Asset management and service fees | 17 | | 15 | | 34 | 28 |
| Other income (loss) | 100 | | 99 | | 196 | 160 |
| Realized investment gains(losses), net | (146) | | (33) | | (132) | (270) |
| Policyholders’ benefits | (70) | | (70) | | (140) | (141) |
First 8 of 14 rows. The download has all of them.
Table 147 after “The related party activity with Prismic and its subsidiaries impacted the Company’s results of operations and cash flows for the periods ind”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| (in millions) | | |
| CASH FLOWS FROM OPERATING ACTIVITIES | | | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | |
| Realized investment (gains) losses, net | $132 | | $270 |
| Change in: | | | |
| Deferred policy acquisition costs | $(8) | | $(4) |
First 8 of 14 rows. The download has all of them.
Table 148 after “Commercial Mortgage Loan Commitments”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Total outstanding mortgage loan commitments | $2,891 | | $1,851 |
| Portion of commitment where prearrangement to sell to investor exists | $849 | | $352 |
Table 149 after “Commitments to Purchase Investments (excluding Commercial Mortgage Loans)”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Expected to be funded from the general account and other operations outside the separate accounts | $14,811 | | $13,205 |
| Expected to be funded from separate accounts | $622 | | $339 |
Table 150 after “Indemnification of Securities Lending and Securities Repurchase Transactions”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) | $7,609 | | $4,459 |
| Fair value of related collateral associated with above indemnifications(1) | $7,778 | | $4,558 |
| Accrued liability associated with guarantee | $0 | | $0 |
Table 151 after “Guarantees of Asset Values”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Guaranteed value of third-parties’ assets | $75,552 | | $75,883 |
| Fair value of collateral supporting these assets | $72,661 | | $73,511 |
| Asset (liability) associated with guarantee, carried at fair value | $0 | | $0 |
Table 152 after “Indemnification of Serviced Mortgage Loans”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Maximum exposure under indemnification agreements for mortgage loans serviced by the Company | $3,885 | | $3,717 |
| First-loss exposure portion of above | $1,115 | | $1,068 |
| Accrued liability associated with guarantees(1) | $25 | | $24 |
Table 153 after “Other Guarantees”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Other guarantees where amount can be determined | $289 | | $290 |
| Accrued liability for other guarantees and indemnifications | $30 | | $31 |
Table 154 after “TABLE OF CONTENTS”
| Page |
| Introduction | 105 |
| Executive Summary | 106 |
| Company Overview | 106 |
| External and Economic Factors | 107 |
| Impact of Changes in the Interest Rate Environment | 107 |
| Impact of Foreign Currency Exchange Rates | 107 |
| Results of Operations | 110 |
First 8 of 27 rows. The download has all of them.
Table 155 after “Contents”
| June 30, 2026 | December 31, 2025 | |
| (in billions) | | |
| Foreign currency hedging instruments: | | | |
| USD-denominated assets associated with yen-based entities(1) | $8.3 | | $7.5 |
| Dual currency and synthetic dual currency investments(2) | 0.2 | | 0.3 |
| Total foreign currency hedges | $8.5 | | $7.8 |
Table 156 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Segment impacts of intercompany arrangements: | | | | | | |
| International Businesses | $(28) | | $(2) | | $(47) | $1 |
| PGIM | 1 | | (1) | | 2 | (1) |
| Impact of intercompany arrangements(1) | (27) | | (3) | | (45) | 0 |
| Corporate and Other: | | | | | | |
First 8 of 12 rows. The download has all of them.
Table 157 after “The following section provides a comparative discussion of our consolidated results of operations on a U.S. GAAP basis for the periods indic”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| REVENUES | | | | | | |
| Premiums | $6,880 | | $6,982 | | $15,242 | $13,982 |
| Policy charges and fee income | 1,247 | | 1,249 | | 2,379 | 2,406 |
| Net investment income | 5,783 | | 5,226 | | 11,448 | 10,356 |
| Asset management and service fees | 1,019 | | 982 | | 2,015 | 1,966 |
| Other income (loss) | 2,369 | | 1,412 | | 2,399 | 1,692 |
First 8 of 26 rows. The download has all of them.
Table 158 after “Contents”
| Three and Six Months Ended June 30, | | |
| 2026 | 2025 | |
| (in millions) | | |
| Favorable (unfavorable) impact to adjusted operating income before income taxes by segment: | | | |
| U.S. Businesses: | | | |
| Retirement(1) | $(91) | | $(93) |
| Group Insurance | 28 | | 11 |
| Individual Life(1) | 30 | | (26) |
First 8 of 20 rows. The download has all of them.
Table 159 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Adjusted operating income before income taxes by segment: | | | | | | |
| PGIM | $294 | | $229 | | $484 | $385 |
| U.S. Businesses: | | | | | | |
| Retirement(1) | 392 | | 397 | | 964 | 923 |
| Group Insurance | 155 | | 125 | | 193 | 214 |
First 8 of 24 rows. The download has all of them.
Table 160 after “The following table sets forth PGIM’s operating results for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results(1): | | | | | | |
| Revenues | $1,107 | | $1,043 | | $2,147 | $2,028 |
| Expenses | 813 | | 814 | | 1,663 | 1,643 |
| Adjusted operating income | 294 | | 229 | | 484 | 385 |
| Equity in earnings of joint ventures and other operating entities, and earnings attributable to noncontrolling interests and redeemable noncontrolling interests | 32 | | 42 | | 41 | 52 |
First 8 of 10 rows. The download has all of them.
Table 161 after “The following table sets forth PGIM’s revenues, presented on a basis consistent with the table above under “—Operating Results,” by type:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Revenues by type: | | | | | | |
| Asset management fees by source: | | | | | | |
| Institutional - Third Party | $402 | | $387 | | $800 | $774 |
| Retail - Third Party | 224 | | 219 | | 440 | 444 |
| Affiliated(1) | 238 | | 219 | | 471 | 435 |
First 8 of 17 rows. The download has all of them.
Table 162 after “The following table sets forth assets under management by asset class as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | | June 30, 2025 | |
| (in billions) | | | | |
| Assets Under Management(1) (at fair value): | | | | | |
| Public equity | $230.8 | | $223.1 | | $226.8 |
| Public credit | 921.2 | | 902.7 | | 877.7 |
| Private credit(2) | 119.7 | | 119.0 | | 116.0 |
| Real estate | 135.7 | | 134.4 | | 132.3 |
| Multi-asset | 76.2 | | 78.5 | | 80.3 |
First 8 of 12 rows. The download has all of them.
Table 163 after “Contents”
| June 30, 2026 | December 31, 2025 | | June 30, 2025 | |
| (in billions) | | | | |
| Assets Under Management (at fair value): | | | | | |
| Institutional - Third Party | $663.0 | | $652.0 | | $647.6 |
| Retail - Third Party | 282.3 | | 267.0 | | 256.7 |
| Affiliated(1) | 546.0 | | 547.1 | | 536.4 |
| Total PGIM assets under management | $1,491.3 | | $1,466.1 | | $1,440.7 |
| Assets under management within other reporting segments(2) | 150.8 | | 143.0 | | 139.6 |
First 8 of 9 rows. The download has all of them.
Table 164 after “The following table sets forth the component changes in PGIM’s assets under management for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | Twelve Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | 2026 | | |
| (in billions) | | | | | | | |
| Beginning assets under management | $1,433.3 | | $1,385.3 | | $1,466.1 | | $1,375.2 | $1,440.7 |
| Institutional third-party flows | 3.1 | | 2.6 | | 4.7 | | 10.2 | 0.6 |
| Retail third-party flows | 1.5 | | (2.8) | | 1.7 | | (3.0) | 0.7 |
| Total third-party flows | 4.6 | | (0.2) | | 6.4 | | 7.2 | 1.3 |
| Affiliated flows(1) | (3.0) | | 0.6 | | (4.9) | | 0.5 | (7.0) |
First 8 of 14 rows. The download has all of them.
Table 165 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | Twelve Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | 2026 | | |
| (in billions) | | | | | | | |
| Net flows by asset class: | | | | | | | | |
| Public equity | $(6.0) | | $(1.3) | | $(12.1) | | $(2.8) | $(27.2) |
| Public credit | 10.7 | | 3.4 | | 17.9 | | 11.4 | 28.8 |
| Private credit | 0.4 | | 1.3 | | 1.6 | | 4.0 | 2.9 |
| Real estate | 0.7 | | 0.4 | | 1.7 | | 2.1 | 3.8 |
First 8 of 11 rows. The download has all of them.
Table 166 after “The following table sets forth PGIM’s private capital deployed by asset class for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in billions) | | | | | |
| Private capital deployed: | | | | | | |
| Real estate debt and equity | $8.3 | | $6.5 | | $15.0 | $11.1 |
| Private credit and equity | 12.3 | | 5.3 | | 18.7 | 11.3 |
| Total private capital deployed | $20.6 | | $11.8 | | $33.7 | $22.4 |
Table 167 after “The following table sets forth Retirement’s operating results for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results: | | | | | | |
| Revenues | $4,173 | | $4,076 | | $9,630 | $7,741 |
| Benefits and expenses | 3,781 | | 3,679 | | 8,666 | 6,818 |
| Adjusted operating income | 392 | | 397 | | 964 | 923 |
| Realized investment gains (losses), net, and related charges and adjustments | (104) | | (222) | | (151) | (550) |
First 8 of 12 rows. The download has all of them.
Table 168 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | Twelve Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | 2026 | | |
| (in millions) | | | | | | | |
| Beginning account value, gross(1) | $369,081 | | $340,617 | | $370,038 | | $333,243 | $359,635 |
| Sales and additions | 6,847 | | 11,989 | | 14,216 | | 22,513 | 31,206 |
| Withdrawals and benefits | (6,627) | | (6,188) | | (14,684) | | (13,480) | (29,589) |
| Net flows | 220 | | 5,801 | | (468) | | 9,033 | 1,617 |
| Change in market value, interest credited, and policy charges | 7,029 | | 5,525 | | 8,546 | | 7,152 | 18,943 |
First 8 of 12 rows. The download has all of them.
Table 169 after “Contents”
| Amounts included in “Ending account value, net” above: | | |
| Retail annuities(3) | $65,648 | $49,649 |
| Longevity reinsurance(4) | 120,662 | 125,534 |
| Fee-based stable value | 67,060 | 67,362 |
| Pension risk transfer and other products(5) | 109,360 | 105,511 |
| Total | $362,730 | $348,056 |
Table 170 after “Contents”
| Amounts included in “Sales and additions” above: | | | | | |
| Retail annuities(3) | $3,585 | $3,135 | $6,869 | $6,608 | $13,820 |
| Longevity reinsurance(4) | 980 | 5,581 | 1,134 | 10,503 | 2,690 |
| Fee-based stable value | 915 | 1,048 | 2,028 | 2,129 | 3,665 |
| Pension risk transfer and other products(5) | 1,367 | 2,225 | 4,185 | 3,273 | 11,031 |
| Total | $6,847 | $11,989 | $14,216 | $22,513 | $31,206 |
Table 171 after “The following table sets forth Group Insurance’s operating results and benefits and administrative expense ratios for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| ($ in millions) | | | | | |
| Operating results: | | | | | | |
| Revenues | $1,708 | | $1,687 | | $3,442 | $3,435 |
| Benefits and expenses | 1,553 | | 1,562 | | 3,249 | 3,221 |
| Adjusted operating income | 155 | | 125 | | 193 | 214 |
| Realized investment gains (losses), net, and related charges and adjustments | (8) | | (28) | | (10) | (49) |
First 8 of 17 rows. The download has all of them.
Table 172 after “The following table sets forth Group Insurance’s annualized new business premiums, as defined under “—Segment Measures” above, for the perio”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Annualized new business premiums(1): | | | | | | |
| Group life | $17 | | $35 | | $228 | $260 |
| Group disability | 56 | | 42 | | 371 | 217 |
| Total | $73 | | $77 | | $599 | $477 |
Table 173 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results: | | | | | | |
| Revenues | $1,161 | | $1,014 | | $2,282 | $2,125 |
| Benefits and expenses | 985 | | 932 | | 1,967 | 1,991 |
| Adjusted operating income | 176 | | 82 | | 315 | 134 |
| Realized investment gains (losses), net, and related charges and adjustments | (158) | | (102) | | (161) | (91) |
First 8 of 10 rows. The download has all of them.
Table 174 after “The following table sets forth Individual Life’s annualized new business premiums, as defined under “—Results of Operations—Segment Measures”
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | | | | | | | | |
| Prudential Advisors | Third- Party | | Total | Prudential Advisors | Third- Party | | Total | | |
| (in millions) | | | | | | | | | |
| Variable Life | $45 | | $130 | | $175 | | $38 | | $122 | $160 |
| Term Life | 4 | | 38 | | 42 | | 4 | | 35 | 39 |
| Universal Life | 1 | | 19 | | 20 | | 1 | | 17 | 18 |
| Total | $50 | | $187 | | $237 | | $43 | | $174 | $217 |
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | | | | | | | | |
First 8 of 14 rows. The download has all of them.
Table 175 after “The following table sets forth U.S. Legacy Products’ operating results for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results: | | | | | | |
| Revenues | $1,170 | | $1,231 | | $2,308 | $2,413 |
| Benefits and expenses | 936 | | 880 | | 1,867 | 1,798 |
| Adjusted operating income | 234 | | 351 | | 441 | 615 |
| Realized investment gains (losses), net, and related charges and adjustments | (131) | | 11 | | (199) | 8 |
First 8 of 11 rows. The download has all of them.
Table 176 after “The following table sets forth the segment’s annuities account value information for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | Twelve Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | 2026 | | |
| (in millions) | | | | | | | |
| Annuities Account Value(1): | | | | | | | | |
| Beginning account value, gross(2) | $81,636 | | $89,139 | | $87,203 | | $93,598 | $90,263 |
| Premiums and deposits(3) | 5 | | 8 | | 10 | | 14 | 20 |
| Full surrenders and death benefits | (2,613) | | (2,170) | | (5,038) | | (4,647) | (10,247) |
| Premiums and deposits, net of full surrenders and death benefits | (2,608) | | (2,162) | | (5,028) | | (4,633) | (10,227) |
First 8 of 15 rows. The download has all of them.
Table 177 after “The following table sets forth the risk management profile of our living benefit guarantees and GMDB features as of the periods indicated:”
| June 30, 2026 | December 31, 2025 | | June 30, 2025 | | | | | | | |
| Account Value | % of Total | | Account Value | | % of Total | Account Value | | % of Total | | |
| ($ in millions) | | | | | | | | | | |
| Living benefit/GMDB features(1)(2): | | | | | | | | | | | |
| Both ALM strategy and automatic rebalancing(3)(4) | $57,968 | | 70% | | | $60,491 | | 70% | | $62,571 | 70% |
| ALM strategy only(4) | 1,583 | | 2% | | | 1,650 | | 2% | | 1,713 | 2% |
| Automatic rebalancing only | 60 | | 0% | | | 63 | | 0% | | 63 | 0% |
| External reinsurance(5) | 8,856 | | 11% | | | 9,582 | | 11% | | 10,151 | 11% |
First 8 of 13 rows. The download has all of them.
Table 178 after “The following table sets forth the International Businesses’ operating results for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results: | | | | | | |
| Revenues | $4,691 | | $4,399 | | $9,478 | $9,137 |
| Benefits and expenses | 3,836 | | 3,638 | | 7,813 | 7,528 |
| Adjusted operating income | 855 | | 761 | | 1,665 | 1,609 |
| Realized investment gains (losses), net, and related charges and adjustments | (157) | | (55) | | (657) | 147 |
First 8 of 12 rows. The download has all of them.
Table 179 after “The following table sets forth annualized new business premiums, as defined under “—Results of Operations—Segment Measures” above, on an act”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026(1) | 2025 | | 2026(1) | 2025 | |
| (in millions) | | | | | |
| Annualized new business premiums: | | | | | | |
| On an actual exchange rate basis | $376 | | $541 | | $805 | $1,117 |
| On a constant exchange rate basis | $361 | | $535 | | $785 | $1,113 |
Table 180 after “The tables below present annualized new business premiums on a constant exchange rate basis, by product category and distribution channel, f”
| Three Months Ended June 30, 2026(1) | Three Months Ended June 30, 2025 | | | | | | | | | | | | | | |
| Life | Accident & Health | | Retirement(2) | Investment Contracts(3) | Total | | Life | Accident & Health | Retirement(2) | | Investment Contracts(3) | Total | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Life Planner | $35 | | $18 | | $15 | | $1 | | $69 | | $81 | | $20 | $64 | $46 | $211 |
| Life Consultants | 17 | | 3 | | 16 | | 74 | | 110 | | 21 | | 4 | 15 | 110 | 150 |
| Banks | 30 | | 3 | | 0 | | 48 | | 81 | | 23 | | 2 | 0 | 67 | 92 |
| Independent Agency and Other | 26 | | 4 | | 15 | | 56 | | 101 | | 24 | | 6 | 21 | 31 | 82 |
| Total | $108 | | $28 | | $46 | | $179 | | $361 | | $149 | | $32 | $100 | $254 | $535 |
Table 181 after “The tables below present annualized new business premiums on a constant exchange rate basis, by product category and distribution channel, f”
| Six Months Ended June 30, 2026(1) | Six Months Ended June 30, 2025 | | | | | | | | | | | | | | |
| Life | Accident & Health | | Retirement(2) | Investment Contracts(3) | Total | | Life | Accident & Health | Retirement (2) | | Investment Contracts (3) | Total | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Life Planner | $106 | | $35 | | $54 | | $26 | | $221 | | $183 | | $38 | $137 | $113 | $471 |
| Life Consultants | 36 | | 7 | | 39 | | 135 | | 217 | | 43 | | 8 | 38 | 192 | 281 |
| Banks | 54 | | 6 | | 0 | | 103 | | 163 | | 48 | | 4 | 0 | 135 | 187 |
| Independent Agency and Other | 52 | | 7 | | 32 | | 93 | | 184 | | 59 | | 12 | 43 | 60 | 174 |
| Total | $248 | | $55 | | $125 | | $357 | | $785 | | $333 | | $62 | $218 | $500 | $1,113 |
Table 182 after “Corporate and Other includes corporate operations, after allocations to our business segments, and Divested and Run-off Businesses other tha”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Operating results: | | | | | | |
| Investment income | $52 | | $67 | | $98 | $122 |
| Interest expense on debt | (226) | | (238) | | (451) | (474) |
| Pension and employee benefits | 102 | | 107 | | 194 | 209 |
| Other corporate activities | (207) | | (216) | | (450) | (552) |
First 8 of 14 rows. The download has all of them.
Table 183 after “Income from our Divested and Run-off Businesses includes results from several businesses that have been or will be sold or exited, including”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| Long-Term Care | $65 | | $83 | | $48 | $46 |
| Other(1) | 70 | | (71) | | 151 | (85) |
| Total Divested and Run-off Businesses income (loss) excluded from adjusted operating income | $135 | | $12 | | $199 | $(39) |
Table 184 after “The following table sets forth the Closed Block division’s results for the periods indicated:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| U.S. GAAP results: | | | | | | |
| Revenues | $1,131 | | $947 | | $2,010 | $1,767 |
| Benefits and expenses | 1,143 | | 965 | | 2,033 | 1,807 |
| Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities | $(12) | | $(18) | | $(23) | $(40) |
Table 185 after “The primary components of the Company’s capitalization consist of equity and outstanding capital debt, including junior subordinated debt. A”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Equity(1) | $35,637 | | $35,515 |
| Junior subordinated debt (including hybrid securities) | 7,590 | | 7,595 |
| Other capital debt | 6,616 | | 6,500 |
| Total capital | $49,843 | | $49,610 |
Table 186 after “The table below presents the ESR of Prudential of Japan and Gibraltar Life, our two most significant international insurance subsidiaries, a”
| Ratio |
| Prudential Holdings of Japan, Inc. consolidated(1) | 192% |
| Prudential of Japan | 191% |
| Gibraltar Life | 184% |
Table 187 after “The following table sets forth information about declarations of Common Stock dividends, as well as repurchases of shares of Prudential Fina”
| Dividend Amount | Shares Repurchased | | | | |
| Three months ended: | Per Share | Aggregate | | Shares | Total Cost | |
| (in millions, except per share data) | | | | | |
| March 31, 2026 | $1.40 | | $496 | | 2.4 | $250 |
| June 30, 2026 | $1.40 | | $493 | | 2.5 | $250 |
Table 188 after “The following table sets forth Prudential Financial’s principal sources and uses of highly liquid assets, excluding net borrowings from our ”
| Six Months Ended June 30, | | |
| 2026 | 2025 | |
| (in millions) | | |
| Highly Liquid Assets, beginning of period | $3,817 | | $4,641 |
| Dividends and/or returns of capital from subsidiaries(1) | 1,657 | | 795 |
| Affiliated (borrowings)/loans - (capital activities)(2) | 102 | | 0 |
| Capital contributions to subsidiaries(3) | (107) | | (21) |
| Total Business Capital Activity(4) | 1,652 | | 774 |
First 8 of 22 rows. The download has all of them.
Table 189 after “The following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, as of the dates i”
| June 30, 2026 | | | | | | | |
| Prudential Insurance(1) | PLIC | | Pruco Life | Total | December 31, 2025 | | |
| (in billions) | | | | | | | |
| Cash and short-term investments | $5.4 | | $0.7 | | $3.0 | | $9.1 | $11.5 |
| Fixed maturity investments(2): | | | | | | | | |
| High or highest quality | 128.3 | | 25.7 | | 55.6 | | 209.6 | 203.6 |
| Other than high or highest quality | 7.6 | | 2.0 | | 2.7 | | 12.3 | 13.0 |
| Subtotal | 135.9 | | 27.7 | | 58.3 | | 221.9 | 216.6 |
First 8 of 10 rows. The download has all of them.
Table 190 after “The following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, as of the dates indicat”
| June 30, 2026 | | | | | | | |
| Prudential of Japan | Gibraltar Life | | All Other | Total | December 31, 2025 | | |
| (in billions) | | | | | | | |
| Cash and short-term investments | $0.7 | | $2.6 | | $4.4 | | $7.7 | $9.1 |
| Fixed maturity investments(1): | | | | | | | | |
| High or highest quality(2) | 22.0 | | 35.8 | | 37.0 | | 94.8 | 97.8 |
| Other than high or highest quality | 0.4 | | 0.3 | | 4.1 | | 4.8 | 4.6 |
| Subtotal | 22.4 | | 36.1 | | 41.1 | | 99.6 | 102.4 |
First 8 of 10 rows. The download has all of them.
Table 191 after “Cash settlements from these hedging activities result in cash flows between subsidiaries of Prudential Financial and either international-ba”
| Six Months Ended June 30, | | |
| Cash Settlements Received (Paid): | 2026 | 2025 | |
| (in millions) | | |
| Internal Hedges(1) | $262 | | $65 |
| External Hedges(2) | (215) | | 223 |
| Total Cash Settlements | $47 | | $288 |
| Assets (Liabilities): | June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
First 8 of 11 rows. The download has all of them.
Table 192 after “The following table sets forth our liabilities under asset-based or secured financing programs as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | | | | | | | | | |
| PFI Excluding Closed Block Division | Closed Block Division | | Consolidated | PFI Excluding Closed Block Division | Closed Block Division | | Consolidated | | | |
| ($ in millions) | | | | | | | | | | |
| Securities sold under agreements to repurchase | $7,314 | | $2,755 | | $10,069 | | $6,802 | | | $2,796 | $9,598 |
| Cash collateral for loaned securities | 8,987 | | 249 | | 9,236 | | 8,379 | | | 321 | 8,700 |
| Securities sold but not yet purchased | 0 | | 0 | | 0 | | 0 | | | 0 | 0 |
| Total(1)(2) | $16,301 | | $3,004 | | $19,305 | | $15,181 | | | $3,117 | $18,298 |
| Portion of above securities that may be returned to the Company overnight requiring immediate return of the cash collateral | $15,631 | | $2,994 | | $18,625 | | $13,527 | | | $2,357 | $15,884 |
First 8 of 9 rows. The download has all of them.
Table 193 after “As of June 30, 2026, total short-term and long-term debt of the Company on a consolidated basis was $20.6 billion, an increase of $0.3 billi”
| June 30, 2026 | December 31, 2025 | | | | | | | | |
| Borrowings: | Prudential Financial | Subsidiaries | | Consolidated | Prudential Financial | Subsidiaries | | Consolidated | | |
| (in millions) | | | | | | | | | |
| General obligation short-term debt: | | | | | | | | | | |
| Commercial paper | $25 | | $850 | | $875 | | $25 | | $849 | $874 |
| Current portion of long-term debt | 48 | | 0 | | 48 | | 536 | | 0 | 536 |
| Subtotal | 73 | | 850 | | 923 | | 561 | | 849 | 1,410 |
| General obligation long-term debt: | | | | | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 194 after “Contents”
| June 30, 2026 | | | | | | | | | | |
| PFI ExcludingClosed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total | | | | | |
| ($ in millions) | | | | | | | | | | |
| Fixed maturities: | | | | | | | | | | | |
| Public, available-for-sale, at fair value | $216,803 | | 52.8% | | | $17,934 | | $4,714 | | | $239,451 |
| Private, available-for-sale, at fair value | 81,808 | | 19.9 | | | 10,018 | | 2,087 | | | 93,913 |
| Fixed maturities, trading, at fair value | 4,934 | | 1.2 | | | 550 | | 9,945 | | | 15,429 |
| Assets supporting experience-rated contractholder liabilities, at fair value | 5,405 | | 1.3 | | | 0 | | 0 | | | 5,405 |
First 8 of 16 rows. The download has all of them.
Table 195 after “Contents”
| December 31, 2025 | | | | | | | | | |
| PFI Excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total | | | | |
| ($ in millions) | | | | | | | | | |
| Fixed maturities: | | | | | | | | | | |
| Public, available-for-sale, at fair value | $214,796 | | 53.6% | | | $18,833 | | $4,576 | | $238,205 |
| Private, available-for-sale, at fair value | 80,634 | | 20.2 | | | 10,049 | | 2,217 | | 92,900 |
| Fixed maturities, trading, at fair value | 4,818 | | 1.2 | | | 581 | | 9,049 | | 14,448 |
| Assets supporting experience-rated contractholder liabilities, at fair value | 4,842 | | 1.2 | | | 0 | | 0 | | 4,842 |
First 8 of 16 rows. The download has all of them.
Table 196 after “As of June 30, 2026 and December 31, 2025, 38% and 39%, respectively, of our general account investments attributable to PFI excluding the C”
| June 30, 2026 | December 31, 2025 | |
| Japanese Insurance Operations | | |
| (in millions) | | |
| Fixed maturities: | | | |
| Public, available-for-sale, at fair value | $100,483 | | $102,061 |
| Private, available-for-sale, at fair value | 20,540 | | 21,284 |
| Fixed maturities, trading, at fair value | 718 | | 551 |
| Assets supporting experience-rated contractholder liabilities, at fair value | 5,405 | | 4,842 |
First 8 of 14 rows. The download has all of them.
Table 197 after “Contents”
| Three Months Ended June 30, 2026 | | | | | | | | | | | | | | | |
| PFI Excluding Closed Block Division, Funds Withheld and Japanese Insurance Operations | Japanese Insurance Operations | | PFI Excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total(5) | | | | | | | |
| Yield(1) | Amount | | Yield(1) | Amount | | Yield(1) | | Amount | Amount | Amount | | Amount | | | |
| ($ in millions) | | | | | | | | | | | | | | | |
| Fixed maturities(2) | 5.63% | | $2,572 | | 3.45% | | | $1,219 | | 4.67% | | $3,791 | | $371 | $194 | $4,356 |
| Assets supporting experience-rated contractholder liabilities | 0.00 | | 0 | | 1.07 | | | 13 | | 1.07 | | 13 | | 0 | 0 | 13 |
| Equity securities | 2.64 | | 65 | | 5.10 | | | 20 | | 2.99 | | 85 | | 8 | 0 | 93 |
| Commercial mortgage and other loans | 5.04 | | 535 | | 3.93 | | | 139 | | 4.77 | | 674 | | 83 | 6 | 763 |
First 8 of 16 rows. The download has all of them.
Table 198 after “Contents”
| Three Months Ended June 30, 2025 | | | | | | | | | | | | | | | |
| PFI Excluding Closed Block Division, Funds Withheld and Japanese Insurance Operations | Japanese Insurance Operations | | PFI Excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total(5) | | | | | | | |
| Yield(1) | Amount | | Yield(1) | Amount | | Yield(1) | | Amount | Amount | Amount | | Amount | | | |
| ($ in millions) | | | | | | | | | | | | | | | |
| Fixed maturities(2) | 5.43% | | $2,298 | | 3.16% | | | $1,108 | | 4.39% | | $3,406 | | $367 | $195 | $3,968 |
| Assets supporting experience-rated contractholder liabilities | 0.00 | | 0 | | 1.12 | | | 11 | | 1.12 | | 11 | | 0 | 0 | 11 |
| Equity securities | 1.78 | | 20 | | 4.78 | | | 21 | | 2.63 | | 41 | | 8 | 0 | 49 |
| Commercial mortgage and other loans | 4.70 | | 452 | | 3.72 | | | 145 | | 4.42 | | 597 | | 85 | 5 | 687 |
First 8 of 16 rows. The download has all of them.
Table 199 after “The increase in investment income after investment expenses yield attributable to the Japanese insurance operations’ portfolio for the three”
| Six Months Ended June 30, 2026 | | | | | | | | | | | | | | | |
| PFI Excluding Closed Block Division, Funds Withheld and Japanese Insurance Operations | Japanese Insurance Operations | | PFI Excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total(5) | | | | | | | |
| Yield(1) | Amount | | Yield(1) | Amount | | Yield(1) | | Amount | Amount | Amount | | Amount | | | |
| ($ in millions) | | | | | | | | | | | | | | | |
| Fixed maturities(2) | 5.65% | | $5,073 | | 3.45% | | | $2,420 | | 4.68% | | $7,493 | | $728 | $383 | $8,604 |
| Assets supporting experience-rated contractholder liabilities | 0.00 | | 0 | | 1.13 | | | 28 | | 1.13 | | 28 | | 0 | 0 | 28 |
| Equity securities | 2.50 | | 112 | | 3.78 | | | 30 | | 2.70 | | 142 | | 16 | 0 | 158 |
| Commercial mortgage and other loans | 5.01 | | 1,049 | | 3.88 | | | 275 | | 4.73 | | 1,324 | | 164 | 10 | 1,498 |
First 8 of 16 rows. The download has all of them.
Table 200 after “Contents”
| Six Months Ended June 30, 2025 | | | | | | | | | | | | | | | |
| PFI Excluding Closed Block Division, Funds Withheld and Japanese Insurance Operations | Japanese Insurance Operations | | PFI Excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | Total(5) | | | | | | | |
| Yield(1) | Amount | | Yield(1) | Amount | | Yield(1) | | Amount | Amount | Amount | | Amount | | | |
| ($ in millions) | | | | | | | | | | | | | | | |
| Fixed maturities(2) | 5.46% | | $4,517 | | 3.17% | | | $2,202 | | 4.40% | | $6,719 | | $724 | $386 | $7,829 |
| Assets supporting experience-rated contractholder liabilities | 0.00 | | 0 | | 1.20 | | | 23 | | 1.20 | | 23 | | 0 | 0 | 23 |
| Equity securities | 2.00 | | 48 | | 3.42 | | | 30 | | 2.38 | | 78 | | 15 | 0 | 93 |
| Commercial mortgage and other loans | 4.74 | | 901 | | 3.78 | | | 296 | | 4.46 | | 1,197 | | 168 | 10 | 1,375 |
First 8 of 16 rows. The download has all of them.
Table 201 after “Contents”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (in millions) | | | | | |
| PFI excluding Closed Block Division and Funds Withheld: | | | | | | |
| Realized investment gains (losses), net: | | | | | | |
| (Addition to) release of allowance for credit losses on fixed maturities | $47 | | $30 | | $(2) | $100 |
| Write-downs on fixed maturities(1) | (69) | | (53) | | (226) | (151) |
| Net gains (losses) on sales and maturities | (291) | | (55) | | (702) | 13 |
First 8 of 47 rows. The download has all of them.
Table 202 after “The following table sets forth the composition of our fixed maturity, available-for-sale portfolio by industry category and the associated g”
| June 30, 2026 | December 31, 2025 | | | | | | | | | | | | | | |
| Industry(1) | Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | ACL | Fair Value | | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | | ACL | Fair Value | | | |
| (in millions) | | | | | | | | | | | | | | | |
| Corporate securities: | | | | | | | | | | | | | | | | |
| Finance | $46,922 | | $544 | | $2,838 | | $3 | | $44,625 | | $47,215 | | $818 | $2,581 | $2 | $45,450 |
| Consumer non-cyclical | 33,895 | | 511 | | 2,963 | | 4 | | 31,439 | | 33,622 | | 679 | 2,752 | 4 | 31,545 |
| Utility | 31,911 | | 562 | | 2,643 | | 29 | | 29,801 | | 31,576 | | 797 | 2,405 | 21 | 29,947 |
| Capital goods | 20,822 | | 361 | | 1,152 | | 5 | | 20,026 | | 21,194 | | 560 | 1,045 | 2 | 20,707 |
First 8 of 24 rows. The download has all of them.
Table 203 after “The following table sets forth our fixed maturity, available-for-sale portfolio by NAIC Designation or equivalent rating, as of the dates in”
| June 30, 2026 | December 31, 2025 | | | | | | | | | | | | | | |
| NAIC Designation(1)(2) | Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses(3) | ACL | Fair Value | | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses(3) | | ACL | Fair Value | | | |
| (in millions) | | | | | | | | | | | | | | | |
| 1 | $208,052 | | $1,969 | | $26,644 | | $0 | | $183,377 | | $205,414 | | $2,921 | $24,708 | $0 | $183,627 |
| 2 | 99,044 | | 1,878 | | 5,456 | | 2 | | 95,464 | | 94,638 | | 2,684 | 4,913 | 0 | 92,409 |
| Subtotal High or Highest Quality Securities(4) | 307,096 | | 3,847 | | 32,100 | | 2 | | 278,841 | | 300,052 | | 5,605 | 29,621 | 0 | 276,036 |
| 3 | 13,977 | | 352 | | 889 | | 45 | | 13,395 | | 13,186 | | 476 | 656 | 19 | 12,987 |
| 4 | 5,108 | | 66 | | 106 | | 0 | | 5,068 | | 4,448 | | 98 | 61 | 22 | 4,463 |
First 8 of 12 rows. The download has all of them.
Table 204 after “The following table sets forth the amortized cost and fair value of asset-backed and commercial mortgage-backed securities within our fixed ”
| June 30, 2026 | December 31, 2025 | | | | | | | | | | | |
| Asset-Backed Securities(2) | Commercial Mortgage-Backed Securities | | Asset-Backed Securities(2) | Commercial Mortgage-Backed Securities | | | | | | | | |
| Low Issue Composite Rating(1) | Amortized Cost | Fair Value | | Amortized Cost | Fair Value | Amortized Cost | | Fair Value | Amortized Cost | Fair Value | | | |
| (in millions) | | | | | | | | | | | | |
| AAA | $10,332 | | $10,379 | | $5,648 | | $5,589 | | $7,736 | | $7,786 | $5,422 | $5,418 |
| AA | 7,813 | | 7,904 | | 1,534 | | 1,413 | | 6,562 | | 6,623 | 1,385 | 1,268 |
| A | 3,554 | | 3,561 | | 32 | | 32 | | 1,981 | | 2,004 | 1 | 1 |
| BBB | 1,699 | | 1,682 | | 19 | | 19 | | 703 | | 715 | 0 | 0 |
First 8 of 10 rows. The download has all of them.
Table 205 after “Included in “Asset-backed securities” above are investments in CLOs. The following table sets forth information pertaining to these investme”
| June 30, 2026 | December 31, 2025 | | | | |
| Collateralized Loan Obligations | | | | | |
| Low Issue Composite Rating(1) | Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| (in millions) | | | | | |
| AAA | $8,201 | | $8,244 | | $5,727 | $5,757 |
| AA | 5,862 | | 5,958 | | 5,017 | 5,076 |
| A | 20 | | 20 | | 35 | 35 |
| BBB | 160 | | 162 | | 26 | 26 |
First 8 of 10 rows. The download has all of them.
Table 206 after “The following table sets forth the composition of our commercial mortgage and other loans portfolio, as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Commercial mortgage and agricultural property loans | $53,971 | | $54,198 |
| Residential mortgage loans | 3,039 | | 1,632 |
| Uncollateralized loans | 162 | | 171 |
| Other collateralized loans | 727 | | 591 |
| Total recorded investment gross of allowance(1) | 57,899 | | 56,592 |
| Allowance for credit losses | (441) | | (397) |
First 8 of 9 rows. The download has all of them.
Table 207 after “Contents”
| June 30, 2026 | December 31, 2025 | | | | |
| Gross Carrying Value | % of Total | | Gross Carrying Value | % of Total | |
| ($ in millions) | | | | | |
| Commercial mortgage and agricultural property loans by region: | | | | | | |
| U.S. Regions(1): | | | | | | |
| Pacific | $17,938 | | 33.2% | | $18,633 | 34.5% |
| South Atlantic | 9,280 | | 17.2 | | 9,241 | 17.1 |
| Middle Atlantic | 6,474 | | 12.0 | | 6,358 | 11.7 |
First 8 of 20 rows. The download has all of them.
Table 208 after “Regions as defined by the United States Census Bureau.”
| June 30, 2026 | December 31, 2025 | | | | |
| Gross Carrying Value | % of Total | | Gross Carrying Value | % of Total | |
| ($ in millions) | | | | | |
| Commercial mortgage and agricultural property loans by property type: | | | | | | |
| Industrial | $15,726 | | 29.1% | | $15,541 | 28.7% |
| Retail | 4,655 | | 8.6 | | 4,780 | 8.8 |
| Office | 5,609 | | 10.4 | | 5,523 | 10.2 |
| Apartments/Multi-Family | 15,885 | | 29.4 | | 15,781 | 29.1 |
First 8 of 14 rows. The download has all of them.
Table 209 after “The following tables set forth the gross carrying value of our commercial mortgage and agricultural property loans by loan-to-value and debt”
| June 30, 2026 | | | | | |
| Debt Service Coverage Ratio | | | | | |
| > 1.2x | 1.0x to < 1.2x | | < 1.0x | Total Commercial Mortgage and Agricultural Property Loans | |
| Loan-to-Value Ratio | (in millions) | | | | | |
| 0%-59.99% | $27,769 | | $1,472 | | $654 | $29,895 |
| 60%-69.99% | 13,388 | | 444 | | 275 | 14,107 |
| 70%-79.99% | 4,696 | | 420 | | 151 | 5,267 |
| 80% or greater | 3,001 | | 265 | | 1,436 | 4,702 |
First 8 of 9 rows. The download has all of them.
Table 210 after “The following tables set forth the gross carrying value of our commercial mortgage and agricultural property loans by loan-to-value and debt”
| December 31, 2025 | | | | | |
| Debt Service Coverage Ratio | | | | | |
| > 1.2x | 1.0x to < 1.2x | | < 1.0x | Total Commercial Mortgage and Agricultural Property Loans | |
| Loan-to-Value Ratio | (in millions) | | | | | |
| 0%-59.99% | $27,975 | | $798 | | $520 | $29,293 |
| 60%-69.99% | 13,706 | | 956 | | 213 | 14,875 |
| 70%-79.99% | 4,810 | | 270 | | 173 | 5,253 |
| 80% or greater | 2,942 | | 312 | | 1,523 | 4,777 |
First 8 of 9 rows. The download has all of them.
Table 211 after “The following table sets forth the breakdown of our commercial mortgage and agricultural property loans by year of origination, as of the da”
| June 30, 2026 | | |
| Gross Carrying Value | % of Total | |
| Year of Origination | ($ in millions) | | |
| 2026 | $2,551 | | 4.7% |
| 2025 | 6,822 | | 12.6 |
| 2024 | 7,237 | | 13.4 |
| 2023 | 5,247 | | 9.7 |
| 2022 | 3,822 | | 7.1 |
First 8 of 13 rows. The download has all of them.
Table 212 after “The following table sets forth the balance of and changes in the allowance for credit losses for our commercial mortgage and other loans, as”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Allowance, beginning of year | $397 | | $468 |
| Addition to (release of) allowance for credit losses | 42 | | 133 |
| Write-downs charged against the allowance | 0 | | (205) |
| Other | 2 | | 1 |
| Allowance, end of period | $441 | | $397 |
Table 213 after “The equity securities portfolio consists principally of investments in common and preferred stock of publicly-traded companies, as well as m”
| June 30, 2026 | December 31, 2025 | | | | | | | | | | | |
| Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value | Cost | | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | | | |
| (in millions) | | | | | | | | | | | | |
| Exchange traded funds | $6,428 | | $328 | | $34 | | $6,722 | | $4,150 | | $180 | $8 | $4,322 |
| Mutual funds | 1,864 | | 1,468 | | 4 | | 3,328 | | 1,464 | | 1,248 | 7 | 2,705 |
| Other common stocks | 1,692 | | 477 | | 110 | | 2,059 | | 1,336 | | 557 | 84 | 1,809 |
| Non-redeemable preferred stocks | 81 | | 39 | | 18 | | 102 | | 68 | | 36 | 18 | 86 |
| Total equity securities, at fair value | $10,065 | | $2,312 | | $166 | | $12,211 | | $7,018 | | $2,021 | $117 | $8,922 |
Table 214 after “The following table sets forth the composition of “Other invested assets,” as of the dates indicated:”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| LPs/LLCs: | | | |
| Equity method: | | | |
| Private equity | $7,345 | | $7,400 |
| Hedge funds | 2,325 | | 2,139 |
| Real estate-related(1) | 1,738 | | 1,591 |
| Subtotal equity method | 11,408 | | 11,130 |
First 8 of 20 rows. The download has all of them.
Table 215 after “The following table presents a reconciliation of “Total alternative assets” included in the table above to the “Total alternative assets of ”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Total alternative assets | $15,265 | | $14,910 |
| Less: Divested Businesses(4) | (808) | | (824) |
| Less: Interests held by unaffiliated investors(5) | (1,518) | | (1,393) |
| Total alternative assets of operating businesses | $12,939 | | $12,693 |
Table 216 after ““Invested Assets of Other Entities and Operations” presented below includes investments held outside the general account and primarily repre”
| June 30, 2026 | December 31, 2025 | |
| (in millions) | | |
| Fixed maturities: | | | |
| Public, available-for-sale, at fair value | $158 | | $162 |
| Private, available-for-sale, at fair value | 4 | | 188 |
| Fixed maturities, trading, at fair value | 1,329 | | 421 |
| Equity securities, at fair value | 489 | | 457 |
| Commercial mortgage and other loans, at fair value | 684 | | 794 |
First 8 of 11 rows. The download has all of them.
Table 217 after “The table below presents the balances of assets and liabilities measured at fair value on a recurring basis, as of the dates indicated, and ”
| As of June 30, 2026 | | | | | | | | | |
| PFI excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | | | | | |
| Total at Fair Value | Total Level 3(1) | | Total at Fair Value | Total Level 3(1) | Total at Fair Value | | Total Level 3(1) | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale | $298,773 | | $12,447 | | $27,952 | | $1,220 | | $6,801 | $303 |
| Assets supporting experience-rated contractholder liabilities: | | | | | | | | | | |
| Fixed maturities | 906 | | 0 | | 0 | | 0 | | 0 | 0 |
| Equity securities | 4,499 | | 0 | | 0 | | 0 | | 0 | 0 |
First 8 of 25 rows. The download has all of them.
Table 218 after “Contents”
| As of December 31, 2025 | | | | | | | | | |
| PFI excluding Closed Block Division and Funds Withheld | Closed Block Division | | Funds Withheld | | | | | | |
| Total at Fair Value | Total Level 3(1) | | Total at Fair Value | Total Level 3(1) | Total at Fair Value | | Total Level 3(1) | | |
| (in millions) | | | | | | | | | |
| Fixed maturities, available-for-sale | $295,781 | | $10,802 | | $28,882 | | $1,073 | | $6,792 | $123 |
| Assets supporting experience-rated contractholder liabilities: | | | | | | | | | | |
| Fixed maturities | 896 | | 0 | | 0 | | 0 | | 0 | 0 |
| Equity securities | 3,946 | | 0 | | 0 | | 0 | | 0 | 0 |
First 8 of 25 rows. The download has all of them.
Table 219 after “(c) The following table provides information about purchases by the Company during the three months ended June 30, 2026, of its Common Stock”
| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Program(2) | | Approximate Dollar Value of Shares that May Yet Be Purchased under the Program(2) | |
| April 1, 2026 through April 30, 2026 | 861,126 | | $97.56 | | | 853,910 | |
| May 1, 2026 through May 31, 2026 | 823,270 | | $101.43 | | | 821,255 | |
| June 1, 2026 through June 30, 2026 | 788,002 | | $106.16 | | | 785,669 | |
| Total | 2,472,398 | | | | 2,460,834 | | $500,000,000 |
Table 220 after “EXHIBIT INDEX”
| 3.1 | Amended and Restated Certificate of Incorporation of Prudential Financial, Inc. Incorporated by reference to Exhibit 3.1 to the Registrant’s January 22, 2015 Current Report on Form 8-K. |
| 3.2 | Amended and Restated By-Laws of Prudential Financial, Inc., effective September 12, 2023. Incorporated by reference to Exhibit 3.1 to the Registrant’s September 13, 2023 Current Report on Form 8-K. |
| 10.1 | The Fourth Amendment to the Prudential Severance Plan, dated March 25, 2026.* Incorporated by reference to Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. |
| 31.1 | Section 302 Certification of the Chief Executive Officer. |
| 31.2 | Section 302 Certification of the Chief Financial Officer. |
| 32.1 | Section 906 Certification of the Chief Executive Officer. |
| 32.2 | Section 906 Certification of the Chief Financial Officer. |
Table 221 after “EXHIBIT INDEX”
| 101.INS - XBRL | Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH - XBRL | Taxonomy Extension Schema Document. |
| 101.CAL - XBRL | Taxonomy Extension Calculation Linkbase Document. |
| 101.LAB - XBRL | Taxonomy Extension Label Linkbase Document. |
| 101.PRE - XBRL | Taxonomy Extension Presentation Linkbase Document. |
| 101.DEF - XBRL | Taxonomy Extension Definition Linkbase Document. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |