Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Data [Abstract]

Quarterly Results of Operations (Unaudited)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The unaudited quarterly results of operations for the years ended December 31, 2017 and 2016 are summarized in the table below:

	Three Months Ended
	March 31		June 30		September 30		December 31
	(in millions, except per share amounts)
2017
Total revenues	$	13,670	$	13,441	$	16,313	$	16,265
Total benefits and expenses	11,928		12,833		13,292		15,149
Net income (loss)	1,372		496		2,241		3,865
Less: Income attributable to noncontrolling interests	3		5		3		100
Net income (loss) attributable to Prudential Financial, Inc.	$	1,369	$	491	$	2,238	$	3,765

Basic earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	3.14	$	1.13	$	5.19	$	8.78
Diluted earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	3.09	$	1.12	$	5.09	$	8.61

2016
Total revenues	$	14,329	$	14,439	$	16,961	$	13,050
Total benefits and expenses	12,597		13,098		14,646		12,733
Net income (loss)	1,369		925		1,832		293
Less: Income attributable to noncontrolling interests	33		4		5		9
Net income (loss) attributable to Prudential Financial, Inc.	$	1,336	$	921	$	1,827	$	284

Basic earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	2.97	$	2.06	$	4.14	$	0.65
Diluted earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	2.93	$	2.04	$	4.07	$	0.65

 __________

(1) Quarterly earnings per share amounts may not add to the full year amounts due to the averaging of shares.

Results for the second quarter of 2016 included total pre-tax out of period adjustments resulting in an aggregate decrease of $153 million which primarily consisted of a charge of $148 million to increase reserves, net of a related increase in DAC, for certain universal life products within the Individual Life business. Management evaluated the adjustments and concluded they were not material to the second quarter or to any previously reported quarterly or annual financial statements.