Prudential Financial, Inc. reported third-quarter 2026 net income attributable to the company of $1.388 billion, or $3.96 per common share, versus $1.431 billion, or $4.01, a year earlier. After-tax adjusted operating income, a non-GAAP measure, was $1.321 billion ($3.77 per share), compared with $1.444 billion ($4.05 per share). Nine-month net income attributable to the company was $2.970 billion, up 11% from $2.671 billion.
Japan Businesses adjusted operating income was $559 million, down from $750 million; the company cited the Japan sales suspension and lower investment spread results. PGIM adjusted operating income rose to $263 million from $244 million. Prudential announced sales of its Brazil and Mexico operations and South Africa insurance business, and closed sales in Indonesia and Kenya. Assets under management were $1.616 trillion as of September 30, 2026, versus $1.612 trillion as of September 30, 2025. Shareholder capital returns totaled $741 million, including $250 million in share repurchases and $491 million in dividends; third-quarter dividends were $1.40 per common share.
Prudential Financial Inc. (PFH) Executive Vice President George P. Waldeck Jr. reported that 1,774 restricted stock units vested on October 31, 2026, converting one-for-one into common shares. 823 shares were withheld for taxes at $116.45 per share. A separate holding entry listed 364 common shares indirectly through a 401(k). No Rule 10b5-1 plan was reported.
PRUDENTIAL INSURANCE CO OF AMERICA reported sale transactions in this Form 4 filing. Prudential Financial Inc (PFH), a reporting person, reported that Pruco Life Insurance Company, a wholly owned subsidiary of Prudential Insurance Company of America, tendered 382,803 Class I common shares of beneficial interest for repurchase in PGIM Private Credit Fund's quarterly repurchase offer on October 28, 2026, at $24.21 per share. Pruco directly held 7,784,052 shares afterward, including shares issued under the dividend reinvestment plan. No Rule 10b5-1 plan is reported.
Prudential Financial, Inc. entered into definitive agreements to sell 100% of its equity interests in Prudential of Brazil and Prudential of Mexico to CNP Assurances Group for an aggregate purchase price of approximately $4.025 billion in cash, subject to certain closing adjustments. CNP Seguradora, CNP Assurances’ Brazilian subsidiary, is buying Prudential of Brazil, and CNP Assurances Holding is buying Prudential of Mexico.
Prudential expects the transaction to close in the second half of 2027, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. The company intends to use the proceeds to support its capital allocation priorities and invest in its highest-priority growth opportunities.
Prudential said the agreement follows sales of its interests in several joint ventures, including PT PFI Mega Life Insurance, Alexforbes and ICEA LION, which closed October 13, 2026. It described these transactions as part of its plan to exit emerging markets.
Prudential Financial, Inc. (PFH) provided preliminary, unaudited estimates for the quarter ended September 30, 2026: PGIM assets under management were $1.47 trillion, and PGIM other related revenues, net of related expenses, were approximately $20 million on an adjusted operating income basis. Alternative investment income for the General Account portfolio is estimated at approximately $15–$35 million above near-term expectations. The Japan Businesses sales suspension is estimated to reduce pre-tax adjusted operating income by approximately $140 million, including one-time costs primarily related to Life Planner compensation, lost sales and surrenders.
Effective in the third quarter of 2026, selected businesses, including Brazil and Mexico operations, moved to Divested and Run-off Businesses within Corporate and Other, and International Businesses was renamed Japan Businesses. Prudential’s indirect 40% interest in AFP Habitat moved to Retirement. These reporting changes are retrospective and do not affect previously issued consolidated financial statements. The revised second-quarter supplement reports first-half after-tax adjusted operating income of $2.524 billion, up 9% year over year, and net income attributable to Prudential Financial, Inc. of $1.582 billion, up 28%. The third-quarter estimates are unaudited, and actual results could be materially different; the quarterly earnings release and supplement are scheduled for November 3, 2026.
Prudential Financial, Inc. said Japan’s Financial Services Agency (FSA) issued business suspension and improvement orders to its subsidiaries Prudential Life Insurance Company, Ltd. (POJ) and Gibraltar Life Insurance Company, Ltd. (Gibraltar), and a business improvement order to Prudential Holdings of Japan, Inc. (PHJ). POJ’s restriction on soliciting new business runs through January 31, 2027. Gibraltar’s partial suspension through that date applies to its Life Consultant channel, not its independent agency channel.
POJ, Gibraltar and PHJ must submit business improvement plans to the FSA by the end of November 2026 and report progress regularly. Prudential said Gibraltar contacted over two million customers in recent months, POJ and Gibraltar remain financially sound and able to meet their obligations, and the parent continues to provide support and resources. The suspension does not apply to Prudential Financial’s or PGIM’s other Japan business units, including Prudential Gibraltar Financial Life.
Prudential Financial (PFH) said its Japan subsidiary, Prudential Life Insurance Co., published a Special Investigation Committee report and outlined structural reforms. Prudential Holdings of Japan, Prudential Life and Gibraltar Life also reported customer reimbursement-review progress as of September 16, 2026. For cases covered by the January 16, 2026 disclosure, review or reimbursement was complete for 492 of 498 individuals; those cases represented claims totaling 3.08 billion yen. Among them, 204 individuals, representing claims of 920 million yen, were eligible for reimbursement. For 150 individuals, representing claims of 1.37 billion yen, inquiries were determined to be unsubstantiated. Six individuals, representing claims of 3 million yen, remained under review or awaiting resolution.
In separate inquiries, the Customer Reimbursement Committee completed review of 848 inquiries; 329 were eligible for reimbursement, representing claims totaling 2.57 billion yen. Prudential Life's customer-consented meeting-recording system, which uses AI to summarize meetings, began operating on October 7, 2026. Prudential Life plans to phase out 139 agencies in place nationwide as of July 2026 and ultimately establish 40 to 50 agencies. Seven agencies under the new structure will begin operating November 1, 2026, while 30 existing agencies will close; the company aims to complete the transition during 2027.
Prudential Financial, Inc. (PFH) is offering three tranches of Senior Unsecured InterNotes under a prospectus and prospectus supplement, with fixed interest paid semi-annually each March 15 and September 15, beginning March 15, 2027, and a survivor’s option available on each tranche.
The tranches consist of: (1) $17,727,000 principal amount of non-callable notes bearing 5.050% interest and maturing on September 15, 2029; (2) $22,335,000 principal amount of non-callable notes bearing 5.350% interest and maturing on September 15, 2031; and (3) $2,861,000 principal amount of callable notes bearing 5.700% interest and maturing on September 15, 2036, first callable at 100% on September 15, 2028 and on any interest payment date thereafter.
All notes are sold at 100% of principal with selling concessions of 0.825%, 1.250%, and 1.800%, respectively, generating net proceeds of $17,580,752.25, $22,055,812.50, and $2,809,502.00. The offering period runs from September 14 to September 21, 2026, with a trade date of September 21, 2026 and settlement on September 24, 2026 through DTC book-entry.
Prudential Financial, Inc. (PFH) is offering three fixed-rate senior unsecured InterNotes under its shelf registration, each with a survivor’s option and semi-annual interest payments on March 15 and September 15, beginning March 15, 2027.
The three CUSIPs carry principal amounts of $4.673 million at 4.600% maturing September 15, 2028, $8.829 million at 5.100% maturing September 15, 2031, and $3.178 million at 5.500% maturing September 15, 2036. The 2036 tranche is callable at 100% on September 15, 2028 and on any interest payment date thereafter. Notes are issued at 100% of principal, in $1,000 minimum denominations, through InspereX LLC and a syndicate of selling agents.
PRUDENTIAL FINANCIAL INC (PFH) reported that Chairman and Chief Executive Officer Andrew F. Sullivan received an award of 143 Deferred Compensation Shares on September 10, 2026. These units are based on unitized accounting, are immediately exercisable, and convert into an equivalent number of common shares on a 1-to-1 basis.
The Deferred Compensation Shares are payable in cash at a date selected by the participant. Following this award, Sullivan has 12,559 Deferred Compensation Shares reported as held directly. No transactions were made under a Rule 10b5-1 trading plan.