# EDGAR Filing Document

**Accession Number:** 0001137774
**File Stem:** 0000000000-25-006594
**Filing Date:** 2025-6
**Character Count:** 5571
**Document Hash:** 0a4e99cdaa2f2e68758bf17a5dc1a951
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-006594.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0000000000-25-006594

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250624

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL FINANCIAL INC
- **CENTRAL INDEX KEY:** 0001137774
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 223703799
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-16707

**BUSINESS ADDRESS:**
- **STREET 1:** 751 BROAD ST
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 9738026000

**MAIL ADDRESS:**
- **STREET 1:** 751 BROAD ST
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001137774-25-000044

## Text-Extract

```

                                                            June 24, 2025

Yanela Frias
Chief Financial Officer
Prudential Financial, Inc.
751 Broad Street
Newark, NJ 07102

        Re: Prudential Financial, Inc.
            Form 10-K for Fiscal Year Ended December 31, 2024
            File No. 001-16707
Dear Yanela Frias:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

        After reviewing your response to this letter, we may have additional
comments.

Form 10-K for Fiscal Year Ended December 31, 2024
Management's Discussion and Analysis of Financial Condition and Results of
Operations,
page 51

1.     We note your disclosure related to products offered by each segment in
your business
       section starting on page 3. In order to provide investors with a clear
understanding of
       material trends and the drivers of financial results, please revise MD&A
in future
       filings to:

              Provide detail of    Premiums    and    Policy charges and fee
income    by product or
            product type at the consolidated and/or segment level for each
period presented.
            Also include appropriate discussion of relevant material trends.

              Provide detail of    Policyholders    account balances    by
product or product type at
            the consolidated and/or segment level at each period end presented.
 June 24, 2025
Page 2

Retirement Strategies - Adjusted Operating Income, page 75

2.     We note your disclosure that adjusted operating income excludes the
change in the
       fair value of the embedded derivative associated with future projected
renewals and
       only includes the change associated with the current term elected by the
policyholder.
       Please confirm that this adjustment is quantified in the    Change in
the value of the
       non-MRB liabilities, excluding changes in the NPR adjustment
line-item in the table
       on page 80. If not, please tell us the impact on adjusted operating
income in 2024,
       2023, and 2022 from this adjustment. Please tell us and if material,
revise future
       filings to explain why you back this impact out and why the resulting
measure is
       useful for management and investors.
General

3.     We note your reconciliation between core adjusted operating income and
the
       comparable GAAP measure on slides 22 and 23 in the 1Q25 Prudential
Financial, Inc.
       Earnings Conference Call Presentation included in the Investor Relations
section of
       your web-site.

             Please provide us a description of each adjustment after adjusted
operating
           income before income taxes to get to core adjusted operating income
before taxes
           clearly describing the nature of and reasons for the components
being backed out
           and / or added in to allow us to fully understand why the resulting
measure is
           useful for management and investors. Specifically quantify the
amounts
           included/excluded to get to average expectations of alternative
investment
           income, underwriting income and expected expenses and other items.

             Please tell us how you considered whether core adjusted operating
income and
           related measures substitute individually tailored recognition and
measurement
           methods for those of US GAAP and whether the resulting measure is
misleading
           and violates Rule 100(b) of Regulation G. Please refer to Question
100.04 of the
           Compliance and Disclosure Interpretations on Non-GAAP Financial
Measures for
           additional information.

        In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.
 June 24, 2025
Page 3

       Please contact Michael Volley at 202-551-3437 or Amit Pande at
202-551-3423 with
any questions.

                                                        Sincerely,

                                                        Division of Corporation
Finance
                                                        Office of Finance
cc:   Brian Spitser

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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