Prudential(US:PRU)2025-04-30 20:20Financial Performance - Total adjusted operating income before income taxes for Q1 2025 was $1,520 million, a 6% increase compared to Q1 2024[6]. - Adjusted operating income for U.S. Businesses increased by 16% year-over-year to $931 million in Q1 2025[6]. - After-tax adjusted operating income for Q1 2025 was $1,188 million, reflecting a 7% increase from the previous year[6]. - Net income attributable to Prudential Financial, Inc. decreased by 38% year-over-year to $707 million in Q1 2025[6]. - Earnings per share (diluted) for Q1 2025 was $1.96, down 37% from $3.12 in Q1 2024[10]. - Total revenues for Q1 2025 were $13,412 million, a decrease of 38% compared to Q1 2024's $21,706 million[19]. - Total revenues for Q1 2025 decreased by 73% to $3,105 million compared to $11,538 million in Q1 2024[45]. - Total revenues for Q1 2025 were $7,706 million, a 52% decrease compared to $15,973 million in Q1 2024[40]. - Total revenues for Q1 2025 decreased by 4% to $1,515 million compared to Q1 2024[63]. - Total revenues for Q1 2025 were $(17) million, a significant decline of 157% compared to Q1 2024[79]. Shareholder Returns - Dividends paid in Q1 2025 amounted to $486 million, a 2% increase from the previous year[6]. - Total capital returned to shareholders in Q1 2025 was $736 million, a 1% increase year-over-year[6]. Assets and Liabilities - Total assets under management and administration reached $1,702.5 billion in Q1 2025, compared to $1,678.9 billion in Q1 2024, indicating growth[17]. - Total assets as of March 31, 2025, amounted to $739,262 million, a slight increase from $735,587 million at the end of 2024[22]. - Total liabilities as of March 31, 2025, were $707,040 million, compared to $705,461 million at the end of 2024, showing a marginal increase[22]. - The company's equity increased to $30,203 million as of March 31, 2025, from $28,187 million at the end of 2024, representing an increase of approximately 7%[22]. Investment Performance - Total investment income for Q1 2025 was $4,519 million, a decrease from $4,120 million in Q1 2024, with realized losses of $673 million compared to $183 million in the previous year[91]. - The yield on fixed maturities increased to 4.38% in Q1 2025 from 4.12% in Q1 2024, with investment income amounting to $3,313 million, up from $3,068 million[91]. - The total amount of equity securities at fair value was $8,309 million, representing 1.8% of the total investment portfolio[82]. - Commercial mortgage and other loans generated $449 million in investment income with a yield of 4.73% in Q1 2025, compared to $363 million and a yield of 4.36% in Q1 2024[100]. Policyholder Accounts - Interest credited to policyholders' account balances increased by 20% to $1,083 million in Q1 2025 from $902 million in Q1 2024[19]. - Policyholders' account balances rose to $170,278 million, up from $166,254 million at the end of 2024, indicating a growth of about 2%[22]. - Interest credited to policyholders' account balances was $1,083 million, a decrease of 30% from $1,641 million in Q1 2024[104]. Operational Metrics - Operating return on average equity based on adjusted operating income was 13.8% for Q1 2025, up from 12.7% in Q1 2024[6]. - The number of Prudential Advisors increased to 2,906 in Q1 2025, up from 2,752 in Q1 2024[17]. - Operating expenses for Q1 2025 were $1,624 million, a decrease of 11.4% from $1,832 million in Q1 2024[104]. Business Segments - PGIM's total revenues for Q1 2025 were $985 million, a decrease of 1% compared to $990 million in Q1 2024[30]. - Total revenues for the group insurance segment increased to $1,748 million in Q1 2025, representing a 7% increase from $1,634 million in Q1 2024[58]. - International businesses reported total revenues of $4,738 million in Q1 2025, a 1% increase from $4,713 million in Q1 2024[71]. Market Position - Common stock market capitalization at the end of Q1 2025 was $39,535 million, down from $42,158 million at the end of Q1 2024[19]. - Prudential's financial strength ratings as of April 30, 2025, include A+ from A.M. Best and AA- from Standard & Poor's for The Prudential Insurance Company of America[153]. - The company’s common stock is traded on the New York Stock Exchange under the symbol PRU[154].