# EDGAR Filing Document

**Accession Number:** 0001137774
**File Stem:** 0001137774-25-000168
**Filing Date:** 2025-10
**Character Count:** 9365
**Document Hash:** c6345c3c80f5935bb5fdc6e3a7f8c376
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001137774-25-000168.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001137774-25-000168

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251014

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**FILER**: 

**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:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16707
- **FILM NUMBER:** 251392036

**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

?xml version='1.0' encoding='ASCII'? pru-20251014

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

___________________________

**FORM 8-K** 

___________________________

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): October 14, 2025**

___________________________

**PRUDENTIAL FINANCIAL, INC.** 

**(Exact name of registrant as specified in its charter)** 

___________________________

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| | | |
|:---|:---|:---|
| **New Jersey** | **001-16707** | **22-3703799** |
| **(State or other jurisdiction** | **(Commission** | **(I.R.S. Employer** |
| **of incorporation)** | **File Number)** | **Identification Number)** |

---

**751 Broad Street** 

**Newark, NJ 07102** 

**(Address of principal executive offices and zip code)** 

**(973) 802-6000** 

**(Registrant's telephone number, including area code)** 

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| **SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:** | **SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:** | **SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:** |
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** |
| Common Stock, Par Value $.01 | PRU | New York Stock Exchange |
| 5.950% Junior Subordinated Notes | PRH | New York Stock Exchange |
| 5.625% Junior Subordinated Notes | PRS | New York Stock Exchange |
| 4.125% Junior Subordinated Notes | PFH | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.** 

The information contained in Item 7.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.02.

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

Prudential Financial, Inc. (the "Company") is furnishing this Current Report to disclose certain preliminary financial information regarding the quarter ended September 30, 2025, prior to the availability of the Company's quarterly earnings release and quarterly financial supplement for the period, scheduled for release on October 29, 2025.

<u>Assets Under Management of the PGIM Segment</u>

As of September 30, 2025, assets under management of the PGIM segment were $1.47 trillion.

<u>Other Related Revenues, Net of Related Expenses, of the PGIM Segment</u>

For the quarter ended September 30, 2025, PGIM's other related revenues, net of related expenses, were approximately $65 million on an adjusted operating income basis<sup>(1)</sup>. "Other related revenues" include incentive fees, transaction fees, and revenues from seed and co-investments and mortgage originations.

<u>Alternative Investment Income of the General Account</u>

For the quarter ended September 30, 2025, the alternative investment income of the Company's General Account, excluding the Closed Block Division and Funds Withheld portfolios, (the "GA Portfolio") is estimated to be approximately $70 - $90 million above the Company's near-term expectations. "Alternative investment income" includes the adjusted operating income of the GA Portfolio's interests in private equity, hedge fund and real estate-related investments, as well as real estate investments held through direct ownership, and excludes the results from those interests held by Divested Businesses and unaffiliated investors that have been consolidated on the Company's balance sheet.

The preliminary financial information presented above for the quarter ended September 30, 2025, is estimated and unaudited and has been prepared in good faith on a basis consistent with prior periods based on information available to management as of the date hereof; however, we have not completed our financial closing procedures for the quarter ended September 30, 2025, and our actual results could be materially different from these preliminary financial results.

*Certain of the statements included in this report, including those regarding our estimated financial results for the third quarter of 2025 discussed herein, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects", "believes", "anticipates", "includes", "plans", "assumes", "estimates", "projects", "intends", "should", "will", "shall", or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. Prudential Financial, Inc.'s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the "Risk Factors" and "Forward-Looking Statements" sections included in Prudential Financial, Inc.'s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The estimated financial results for the third quarter of 2025 presented herein could differ from our actual results because we have not completed our financial closing procedures for the period. Prudential Financial, Inc. does not undertake to update any particular forward-looking statement included in this presentation.*

(1) The Company analyzes the operating performance of each segment using pre-tax "adjusted operating income." Adjusted operating income does not equate to "Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities" or "Net income (loss)" as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company's chief operating decision maker to evaluate segment performance and allocate resources. Adjusted operating income is calculated by adjusting each segment's "Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities" for the following items: realized investment gains (losses), net, and related charges and adjustments; change in value of market risk benefits, net of related hedging gains (losses); market experience updates; divested and run-off businesses; equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests; and other adjustments. For more information about adjusted operating income, see the "Segment Information" Note to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2024.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 14, 2025

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| | |
|:---|:---|
| PRUDENTIAL FINANCIAL, INC. | PRUDENTIAL FINANCIAL, INC. |
| By: | /s/ Robert E. Boyle |
|  | Name: Robert E. Boyle<br>Title: Senior Vice President and Principal Accounting Officer |

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