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PRUDENTIAL FINANCIAL INC (PRU)

For the quarter ending 2024-09-30, PRU made $24,939M in revenue. $448M in net income. Net profit margin of 1.80%.

Overview

Revenue
$24,939M
Net Income
$448M
Net Profit Margin
1.80%
EPS
$1.24
Unit: Million (M) dollars
Revenue Breakdown
    • Gross investment income
Revenue Breakdown
    • Total revenues
    • Equity in earnings of joint vent...

Unit: Million (M) dollars (except for numbers of shares and EPS)
2024-09-30
2024-06-30
2024-03-31
2023-09-30
Gross investment income5,411 [2]5,198 [2]5,112 [2]4,864 [2]
Less investment expense356 [2]349 [2]348 [2]293 [2]
Total revenues19,490 14,883 23,509 8,352
Dividends to policyholders189 176 290 -3
Policyholders benefits14,027 8,864 16,594 5,163
Change in estimates of liability for future policy benefits-180 176 17 49
Interest credited to policyholders account balances863 1,102 1,283 872
General and administrative expenses3,311 3,127 3,594 3,066
Amortization of deferred policy acquisition costs367 375 375 361
Total benefits and expenses18,937 13,468 22,119 9,410
Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities553 1,415 1,390 -1,058
Total income tax expense (benefit)140 264 289 -251
Income (loss) before equity in earnings of joint ventures and other operating entities413 1,151 1,101 -807
Equity in earnings of joint ventures and other operating entities, net of taxes38 20 50 16
Net income (loss)451 1,171 1,151 -791
Less income (loss) attributable to noncontrolling interests3 -27 13 11
Net income (loss) attributable to prudential financial, inc448 1,198 1,138 -802
Basic eps1.24 3.3 3.13 -2.23
Diluted eps1.24 3.28 3.12 -2.23
Basic average shares356,900,000 358,800,000 359,000,000 362,600,000
Diluted average shares358,700,000 360,500,000 360,500,000 362,600,000
Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement

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Total revenues$19,490M (133.36%↑ Y/Y)Income (loss) beforeincome taxes and equity...$553M (152.27%↑ Y/Y)Total benefits andexpenses$18,937M (101.24%↑ Y/Y)Income (loss) beforeequity in earnings of...$413M (151.18%↑ Y/Y)Equity in earnings ofjoint ventures and...$38M (137.50%↑ Y/Y)Total income taxexpense (benefit)$140M (155.78%↑ Y/Y)Amortization of deferredpolicy acquisition...$367M (1.66%↑ Y/Y)General andadministrative expenses$3,311M (7.99%↑ Y/Y)Interest credited topolicyholders account...$863M (-1.03%↓ Y/Y)Change in estimates ofliability for future...-$180M (-467.35%↓ Y/Y)Policyholders benefits$14,027M (171.68%↑ Y/Y)Dividends topolicyholders$189M (6400.00%↑ Y/Y)Net income (loss)$451M (157.02%↑ Y/Y)Net income (loss)attributable to prudential...$448M (155.86%↑ Y/Y)Less income (loss)attributable to...$3M (-72.73%↓ Y/Y)