Prudential Financial reports Q3 net income of $1.43 billion

Prudential Financial Inc. reported net income attributable to the company of $1.4 billion ($4.01 per common share) for the third quarter of 2025, compared to $448 million ($1.24 per common share) for the third quarter of 2024. After-tax adjusted operating income was $1.5 billion ($4.26 per common share) in the third quarter of 2025, up from $1.2 billion ($3.33 per common share) in the same period of 2024. Net income for the third quarter of 2025 included $574 million of pre-tax net realized investment losses and related charges and adjustments, with $114 million of pre-tax net credit-related losses, $36 million of pre-tax losses related to market experience updates, $324 million of pre-tax gains related to net change in value of market risk benefits, and $133 million of pre-tax earnings from divested and run-off businesses. In the third quarter of 2024, net income included $737 million of pre-tax net realized investment losses and related charges and adjustments, including $93 million of pre-tax net credit-related losses, $146 million of pre-tax losses related to net change in value of market risk benefits, $127 million of pre-tax losses related to market experience updates, and $49 million of pre-tax earnings from divested and run-off businesses. Year-to-date constant dollar basis sales reached $1.7 billion, a 4% increase from the prior year-to-date period, driven by growth in Japan and Brazil. The Corporate & Other segment reported a loss of $327 million on an adjusted operating income basis for the third quarter of 2025, compared to a loss of $487 million in the same period of 2024, reflecting lower expenses and favorable foreign exchange remeasurement impacts. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prudential Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029335108) on October 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)