Prudential Financial, Inc. reported net income attributable to the company of $597 million for the three months ended March 31, 2026, versus $707 million a year earlier, or $1.68 diluted earnings per share. Total revenues rose to $15.5 billion from $13.5 billion, driven mainly by higher premiums and net investment income. Total assets were $765.4 billion, with equity of $32.3 billion. Operating cash flow improved to $1.0 billion from a $2.5 billion outflow in the prior-year period. As of April 30, 2026, 347 million common shares were outstanding.
The company reorganized its segments, creating a new U.S. Legacy Products run-off segment and a combined Retirement segment. A Japanese subsidiary, Prudential of Japan, is strengthening oversight and voluntarily suspended new sales beginning February 9, 2026, later extending the suspension through November 5, 2026.
Prudential Financial, Inc. reported first quarter 2026 net income attributable to the company of $597 million, or $1.68 per diluted share, down from $707 million, or $1.96 per share, a year earlier. After-tax adjusted operating income, which excludes realized investment and market risk impacts, rose to $1.278 billion, or $3.61 per share, compared with $1.188 billion, or $3.29 per share, in the prior-year quarter.
PGIM’s adjusted operating income increased 22% year over year to $190 million, while U.S. Businesses rose 3% to $956 million. International Businesses generated $810 million of adjusted operating income, a 4% decline, reflecting higher expenses tied to the Prudential of Japan sales suspension, partly offset by strong growth in Brazil. Assets under management were $1.576 trillion, up from $1.522 trillion.
Parent company highly liquid assets were $3.7 billion, influenced by a prior hybrid securities redemption. Capital returned to shareholders totaled $746 million, including $250 million of share repurchases and $496 million of dividends, with dividends of $1.40 per common share. GAAP book value per diluted common share was $91.28, and adjusted book value per diluted share was $99.79.
Prudential Financial executive Jacques Chappuis reported routine equity compensation activity. On April 30, 2026, previously awarded restricted stock units vested and converted into 10,333 shares of common stock, reflecting derivative exercises described as “exercise or conversion of derivative security.”
To cover tax obligations related to this vesting, 5,715 common shares were withheld at a price of $98.11 per share, classified as tax-withholding dispositions rather than open‑market sales. The filing shows compensation-related share issuance and withholding, with no open‑market buying or selling.
Prudential Financial Inc Schedule 13G shows Vanguard Capital Management reporting beneficial ownership of 26,137,694 shares of Common Stock, representing 7.51% of the class as reported for the period ending 03/31/2026. The filing lists sole voting power for 3,556,680 shares and sole dispositive power for 26,137,694 shares. The disclosure states ownership reflects holdings across Vanguard affiliates and managed accounts and is signed on 04/30/2026.