PRUPrudential Financial

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Pending cases, settlements and what the company has set aside for them.

“The Company estimates that as of December 31, 2025, the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $250 million.”

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New “In April 2025, Plaintiff filed a First Amended Complaint removing allegations related to the Unclaimed Life Insurance and Annuities Act, and the Defendant filed a demurrer seeking to dismiss the Amended Complaint.”

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“In March 2021, the plaintiff filed a third amended complaint asserting claims against all defendants for violation of the New York False Claims Act, and seeking injunctive relief, compensatory and treble damages, attorneys’ fees and costs.”

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New “In March 2025, plaintiffs filed a motion seeking preliminary approval of the settlement notice and preliminary approval of the proposed settlement of the derivative litigation (“the Settlement”).”

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“In September 2022, plaintiff filed a third amended complaint asserting claims for breach of duty of prudence and to monitor fiduciaries, and in October 2022, defendants filed their answer to the third amended complaint.”

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Promises to pay someone else's debts or losses if they cannot.

“As of December 31, 2025, the fair value of the obligations associated with these guarantees accounted for as market risk benefit assets was $2.3 billion and for market risk benefit liabilities was $4.4 billion.”

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New “(3)Represents reinsurance recoverables of $8,192 million and $7,979 million as of December 31, 2025 and 2024, respectively, that are netted with reinsurance payables of $6,525 million and $6,388 million as of December 31, 2025 and 2024, respectively, related to the reinsurance agreement with Somerset Re in which the Company reinsured a portion of its in-force guaranteed universal life block of business under modified coinsurance.”

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“Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $4,459 $5,015”

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“Fair value of related collateral associated with above indemnifications(1) $4,558 $5,119”

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“Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $3,717 $3,272”

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Conditions in loan agreements that, if broken, can make debt due early.

“As of December 31, 2025 and 2024, the Company was in compliance with all debt covenants related to the borrowings in the table above.”

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“At December 31, 2025 and 2024, the Company was in compliance with all covenants related to the above debt.”

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“The credit facility contains customary representations and warranties, covenants and events of default, and borrowings are not contingent on the borrowers’ credit ratings nor subject to material adverse change clauses.”

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“This facility also contains customary representations and warranties, covenants, and events of default and borrowings are not contingent on the borrower’s credit ratings nor subject to material adverse change clauses.”

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“As of December 31, 2025, the Company was in compliance with the covenants under each of these credit facilities.”

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Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“Notes issued by consolidated variable interest entities (includes $767 and $60 measured at fair value under the fair value option at December 31, 2025 and 2024, respectively) (1) 2,659 1,430”

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