Prudential(US:PRU)2025-10-29 20:21Financial Performance - Total adjusted operating income before income taxes for Q3 2025 was $1,947 million, a 13% increase from Q3 2024[5] - After-tax adjusted operating income for Q3 2025 reached $1,521 million, reflecting a 13% year-over-year growth[5] - Earnings per share (diluted) for Q3 2025 was $4.01, a decrease of 3% compared to the same quarter last year[9] - The return on average equity based on net income for Q3 2025 was 18.3%, up from 7.1% in Q2 2025[5] - Total capital returned to shareholders in Q3 2025 was $731 million, a 1% increase from Q3 2024[5] - The income attributable to Prudential Financial, Inc. for Q3 2025 was $1,431 million, a significant increase from $448 million in Q3 2024[9] - Adjusted operating income before income taxes for Q3 2025 was $1,947 million, reflecting a 13% increase from $1,560 million in Q3 2024[17] - Net income attributable to Prudential Financial, Inc. for Q3 2025 was $1,431 million, a decrease of 4% compared to $1,483 million in Q3 2024[17] - Total revenues for Q3 2025 were $16,239 million, a decrease of 22% compared to $19,489 million in Q3 2024[17] - Total revenues for Q3 2025 were $5,754 million, a decrease of 51% compared to Q3 2024[37] - Total revenues for Q3 2025 were $10.4 billion, a decrease of 32% compared to the same quarter in 2024[34] Shareholder Returns - Dividends paid in Q3 2025 totaled $481 million, a 2% increase from the previous year[5] - The weighted average number of diluted shares outstanding decreased by 1% year-to-date, totaling 354.7 million shares[5] Assets and Liabilities - Total assets under management and administration reached $1,806.6 billion in Q3 2025, up from $1,747.7 billion in Q3 2024[15] - Total assets increased to $776,302 million as of September 30, 2025, up from $735,587 million at the end of 2024, representing a growth of 5.5%[21] - Total liabilities rose to $741,487 million, up from $705,461 million at the end of 2024, reflecting a growth of 5.1%[23] - The company reported a total of $44,947 million in reinsurance recoverables and deposit receivables, up from $37,680 million at the end of 2024, indicating a 19.9% increase[21] Investment Performance - Net investment income for Q3 2025 is $54 million, showing a significant increase of 1123% year-over-year compared to $16 million in Q3 2024[27] - Total investment income for Q3 2025 was $4,872 million, a decrease of 9.4% from $4,436 million in Q3 2024[82] - The yield on fixed maturities increased to 4.34% in Q3 2025 from 4.30% in Q3 2024, with investment income amounting to $3,465 million[82] - Realized losses for other investments in Q3 2025 amounted to $272 million, compared to realized gains of $133 million in Q3 2024[82] Premiums and Sales - Premiums collected in Q3 2025 amounted to $8,691 million, down 38% from $12,527 million in Q3 2024[17] - The company's premiums for Q3 2025 were $5.9 billion, reflecting a 50% decline year-over-year[34] - Annualized new business premiums for Q3 2025 totaled $555 million, up from $588 million in Q3 2024, reflecting a decrease of 5.6%[66] Operating Expenses - Total benefits and expenses for Q3 2025 were $14,292 million, a decrease of 25% compared to $17,929 million in Q3 2024[17] - Operating expenses for Q3 2025 were reported at $1,639 million, reflecting an increase of 69 million from $1,570 million in Q3 2024[99] Market Capitalization - The common stock market capitalization decreased to $36,299 million in Q3 2025 from $43,099 million in Q3 2024[11] Business Segments - Total revenues for U.S. businesses in Q3 2025 were $1,565 million, a decrease of 2% compared to Q3 2024[60] - Total revenues for international businesses rose to $4,595 million in Q3 2025, a 1% increase from Q3 2024[64] - Total revenues for Individual Retirement Strategies in Q3 2025 were $1,429 million, an 8% increase from $1,318 million in Q3 2024[42] Policyholder Accounts - Policyholders' account balances reached $188,657 million, reflecting a 14.8% increase from $164,088 million at the end of 2024[21] - Interest credited to policyholders' account balances rose to $1,215 million in Q3 2025, a 19% increase from $1,038 million in Q3 2024[17] Miscellaneous - Prudential Financial, Inc. maintains strong financial strength ratings, including A+ from A.M. Best and AA- from Standard & Poor's for several subsidiaries[141] - Common stock of Prudential Financial, Inc. is traded on the New York Stock Exchange under the symbol PRU[142]