Prudential Financial, Inc.
- Open
- 121.64
- Day high
- 121.64
- Day low
- 117.95
- Prev close
- 122.67
- Volume
- 512K
- Mkt cap
- $40.9B
- P/E (TTM)
- 10.6
- EPS (TTM)
- $11.15
- P/B
- 1.3
- P/S
- 0.6
- Yield
- 3.50%
- Per share
- $4.15
- ▼Insiders net selling -$957K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Prudential Financial, Inc. (PRU) is a Financial Services company listed on NYSE. The stock is up 11% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering PRU.
Prudential Financial, Inc. (PRU) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PRU earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $3.52 | $4.08 | +15.9% | $14.2B | -1.4% |
| May 6, 2026 | $3.09 | $3.61 | +16.8% | $15.2B | +8.0% |
| Feb 3, 2026 | $3.37 | $3.30 | -2.1% | $15.7B | +6.9% |
| Oct 29, 2025 | $3.72 | $4.26 | +14.5% | $17.9B | +27.0% |
| Jul 30, 2025 | $3.22 | $3.58 | +11.2% | $13.8B | +1.9% |
| Apr 30, 2025 | $3.18 | $3.29 | +3.5% | $13.5B | -6.3% |
| Feb 4, 2025 | $3.36 | $2.96 | -11.9% | $12.6B | -14.2% |
| Oct 30, 2024 | $3.47 | $3.48 | +0.3% | $19.5B | +30.9% |
| Aug 1, 2024 | $3.45 | $3.39 | -1.7% | $14.9B | +10.0% |
| Apr 30, 2024 | $3.13 | $3.12 | -0.3% | $23.5B | +62.2% |
| Feb 6, 2024 | $2.61 | $2.58 | -1.1% | $17.4B | +33.8% |
| Nov 1, 2023 | $3.16 | $3.44 | +8.9% | $8.4B | -35.6% |
PRU insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | KAPPLER ANN Mofficer: EVP and General Counsel | Sell | 7,652 | $125.01 |
| Jun 15, 2026 | TODMAN MICHAELdirector | Grant | 23 | — |
| Jun 15, 2026 | Mannen Maryann T.director | Grant | 23 | — |
| Jun 15, 2026 | Di Sibio Carminedirector | Grant | 23 | — |
| Jun 15, 2026 | Di Sibio Carminedirector | Grant | 41 | — |
| Jun 15, 2026 | Stoddard Thomas Ddirector | Grant | 22 | — |
| Jun 15, 2026 | TODMAN MICHAELdirector | Grant | 170 | — |
| Jun 15, 2026 | Pianalto Sandradirector | Grant | 236 | — |
| Jun 15, 2026 | Jones Wendy Elizabethdirector | Grant | 126 | — |
| Jun 15, 2026 | HUNDMEJEAN MARTINAdirector | Grant | 197 | — |
| Jun 15, 2026 | Stoddard Thomas Ddirector | Grant | 23 | — |
| Jun 15, 2026 | TODMAN MICHAELdirector | Grant | 165 | — |
| Jun 15, 2026 | CASELLAS GILBERT Fdirector | Grant | 23 | — |
| Jun 15, 2026 | HUNDMEJEAN MARTINAdirector | Grant | 369 | — |
| Jun 15, 2026 | Wolk Joseph Jdirector | Grant | 23 | — |
Source: PRU SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full PRU insider & 13F page →Prudential Financial, Inc. company profile
Overview
Prudential Financial, Inc. (NYSE:PRU) is a major American financial services company founded in 1875 and headquartered in Newark, New Jersey. The company went public in 2001 after operating as a mutual company for over a century. Today, Prudential is one of the largest life insurance companies in the United States and operates as a diversified financial services conglomerate with significant international presence, particularly in Japan and emerging markets across Latin America, Asia, and Africa.
Business
Prudential Financial operates in the life insurance and financial services industry, providing a comprehensive range of products across eight primary business segments. The company's operations can be broadly categorized into three main areas: PGIM (Investment Management) represents approximately 15-20% of revenue and serves as Prudential's global investment management arm. PGIM manages $1.4 trillion in assets under management for institutional clients, retail investors, and Prudential's own general account. The division specializes in public fixed income, public equity, real estate debt and equity, private credit and alternative investments, and multi-asset class strategies. Private alternatives represent a significant growth area with approximately $240 billion in assets. U.S. Businesses account for roughly 50-60% of total revenue and include several key segments. Retirement Strategies focuses on pension risk transfer and institutional retirement services, helping companies transfer pension obligations off their balance sheets. Individual Annuities develops variable and fixed annuity products for mass affluent and affluent markets, providing retirement income solutions. Group Insurance offers life, disability, and supplemental health coverage to employers for their employee benefit plans. Individual Life provides variable, term, and universal life insurance products to consumers. International Businesses contribute approximately 25-30% of revenue, with Japan being the largest market. The international division offers life insurance, retirement savings products, and annuities across select high-growth markets including Japan, Brazil, and other emerging economies in Asia, Latin America, and Africa. The company has been diversifying its Japan product mix to include more yen-denominated offerings alongside traditional dollar-linked products. The company also operates Assurance IQ, which provides third-party insurance products through digital and independent agent channels, and maintains a Closed Block segment for legacy participating life insurance policies.
Revenue model
Prudential Financial generates revenue through multiple business models across its diversified operations. The primary revenue streams include insurance premiums, investment management fees, and investment income on the company's substantial asset base. Insurance Premiums and Policy Charges represent the largest revenue source, generated from life insurance policies, annuity contracts, and group insurance coverage. Customers pay regular premiums for life insurance protection, while annuity holders make lump-sum or periodic payments that Prudential invests and manages. The company earns spread income by investing policyholder funds at returns higher than the guaranteed rates promised to customers. Investment Management Fees from PGIM are based on assets under management, typically ranging from 0.3% to 2% annually depending on the asset class and strategy. Higher-margin alternative investment strategies command premium fees. PGIM also earns performance fees when investment returns exceed specified benchmarks. Investment Income is generated from Prudential's general account investments, which total over $400 billion. The company invests in a diversified portfolio of bonds, real estate, private credit, and alternative investments to support insurance liabilities and generate returns for shareholders. Several factors influence Prudential's profitability margins. Interest rate environments significantly impact spread margins, with rising rates generally benefiting new business while potentially reducing the value of existing bond portfolios. Equity market performance affects both PGIM's fee income and variable product values. Mortality and morbidity experience directly impacts insurance profitability, with the company benefiting from lower-than-expected claims. Regulatory changes, particularly Japan's upcoming Economic Solvency Regime implementation, can affect capital requirements and product economics. Competition in the retirement services market and from fintech companies can pressure pricing and margins, while operational efficiency initiatives and technology investments can improve cost structures over time.
Competitive moat
Prudential Financial possesses several competitive advantages, though the strength of its moat varies across business segments. The company's most significant moat lies in its scale and financial strength, with over $735 billion in total assets and an AA financial strength rating that provides credibility with institutional clients and regulatory approval for complex transactions. In the pension risk transfer market, Prudential holds approximately 40% market share and has developed specialized expertise in underwriting and managing large, complex pension obligations. This business requires substantial capital, actuarial expertise, and regulatory approval that creates barriers to entry. The company's established relationships with pension consultants and its track record provide sustainable competitive advantages. PGIM's investment management capabilities, particularly in private alternatives and institutional fixed income, benefit from scale economies and established client relationships built over decades. The division's $1.4 trillion in assets under management provides negotiating power with counterparties and the ability to access unique investment opportunities. However, Prudential faces significant competitive pressures. The life insurance industry is mature with intense competition from established players like MetLife, New York Life, and Northwestern Mutual, as well as newer entrants leveraging technology. Annuity products face competition from lower-cost index funds and ETFs that provide similar retirement savings functionality. Digital disruption threatens traditional distribution models, particularly in individual insurance products where direct-to-consumer platforms and robo-advisors are gaining market share. The company's international operations, while providing diversification, face regulatory risks and currency exposure that can erode returns. Overall, Prudential maintains a moderate moat strength, with the pension risk transfer and institutional investment management businesses providing the strongest competitive positioning.
Risks & safety
Prudential Financial maintains a solid margin of safety despite the inherent risks in the insurance business. Overall Assessment: The company demonstrates strong financial stability with adequate liquidity and conservative capital management, though typical insurance industry leverage creates some concern. • Liquidity Position: $18.5 billion in cash and short-term investments with $4.9 billion in highly liquid assets at the holding company level • Debt Levels: Debt-to-equity ratio of 0.77, which is typical for insurance companies but represents significant leverage • Solvency: Strong AA financial strength rating and regulatory capital ratios well above minimum requirements • Cash Flow: Positive operating cash flow of $8.5 billion in 2024, though can be volatile due to insurance business timing • Valuation Metrics: Trading at 15.5x trailing P/E ratio and 1.52x book value, reasonable for a mature financial services company • Capital Adequacy: Maintains substantial surplus capital above regulatory minimums across all jurisdictions • Dividend Coverage: 16 consecutive years of dividend increases with sustainable payout ratios Key Risks: Exposure to interest rate volatility, equity market downturns affecting PGIM fees, and potential regulatory changes in Japan affecting international operations.
Recent development
Over the past several years, Prudential Financial has undergone significant strategic transformation focused on reducing market sensitivity and improving capital efficiency. The company has systematically divested higher-risk, capital-intensive businesses including its full-service retirement business and PALAC variable annuities block, while simultaneously reducing exposure to traditional variable annuities and guaranteed universal life products through reinsurance transactions. A key strategic initiative has been the launch of Prismic, Prudential's life and annuity reinsurance platform, which enables the company to optimize its balance sheet by reinsuring both internal blocks and third-party business. The company completed multiple guaranteed universal life reinsurance transactions and announced a significant $7 billion Japanese whole life policy reinsurance deal, demonstrating the platform's capabilities. Product diversification efforts have been particularly notable in Japan, where Prudential has expanded its yen-denominated product offerings to represent 30% of sales, reducing currency risk. The international business has also expanded through strategic partnerships, including enhanced collaboration with Mercado Libre in Latin America and selective expansion in emerging markets across Asia and Africa. Technology and digital transformation initiatives have accelerated, with investments in AI and digital capabilities to improve customer experiences and operational efficiency. The company has also made strategic acquisitions, including a majority stake in Deerpath Capital to strengthen its private credit capabilities within PGIM. Recent leadership transitions include the appointment of Andy Sullivan as CEO effective March 2025, with Caroline Feeney taking expanded oversight of global retirement and insurance businesses and Jacques Chapuis joining as PGIM CEO. These changes reflect the company's focus on execution and growth acceleration across its diversified platform.
PRU company profile · for informational purposes only — not investment advice.
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