Core Insights - Prudential Financial Inc. (PRU) is anticipated to show improvements in both revenue and earnings for the fourth quarter of 2025, with revenue expected at $13.69 billion, reflecting a 5.2% decrease year-over-year, while earnings per share are projected to be $3.38, indicating a 14.1% increase year-over-year [1][2]. Financial Performance Estimates - The Zacks Consensus Estimate for PRU's fourth-quarter revenues is $13.69 billion, which is a 5.2% decline from the previous year [1]. - The consensus estimate for earnings per share is $3.38, suggesting a year-over-year increase of 14.1% [2]. Earnings Prediction Model - The Zacks model indicates that PRU may not achieve an earnings beat this quarter due to a negative Earnings ESP of -0.81%, as the Most Accurate Estimate is $3.35, lower than the consensus estimate [3][4]. Factors Influencing Q4 Results - The U.S. business is expected to benefit from higher net investment spread income in Retirement Strategies and improved underwriting results, although this may be offset by lower fee income and increased expenses [5]. - International operations are likely to see gains from higher net investment spread results and favorable underwriting, but higher expenses may counterbalance these benefits [6]. - The Individual Retirement Strategies segment is projected to gain from increased net investment income, while lower asset management fees and policy charges may partially offset this growth [7]. - Assets under management are expected to rise due to market appreciation and strong investment performance, contributing positively to revenues [8]. Investment Income and Expenses - Net investment income is likely to increase from growth in indexed variable and fixed annuities, alongside higher income from non-coupon investments [9]. - PRU's U.S. business is expected to benefit from improved investment spread income and underwriting results, while expenses are anticipated to rise due to higher policyholder benefits and deferred acquisition cost amortization [10][11].