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Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Premiums $ 8,810 $ 7,795 $ 23,559 $ 22,602
Policy charges and fee income 1,498 1,502 4,482 3,760
Net investment income 4,046 4,076 12,140 12,226
Asset management and service fees 1,037 1,005 3,073 2,929
Other income (loss) 606 327 45 964
Realized investment gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (32) (22) (129) (132)
Other-than-temporary impairments on fixed maturity securities transferred to Other comprehensive income 0 0 0 10
Other realized investment gains (losses), net 183 1,630 1,390 1,065
Total realized investment gains (losses), net 151 1,608 1,261 943
Total revenues 16,148 16,313 44,560 43,424
BENEFITS AND EXPENSES        
Policyholders’ benefits 9,311 8,193 26,498 23,546
Interest credited to policyholders’ account balances 1,030 1,035 2,474 2,922
Dividends to policyholders 446 500 1,314 1,606
Amortization of deferred policy acquisition costs 563 643 1,764 1,166
General and administrative expenses 2,960 2,921 8,729 8,813
Total benefits and expenses 14,310 13,292 40,779 38,053
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES 1,838 3,021 3,781 5,371
Total income tax expense (benefit) 184 800 604 1,320
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES 1,654 2,221 3,177 4,051
Equity in earnings of operating joint ventures, net of taxes 21 20 62 58
NET INCOME (LOSS) 1,675 2,241 3,239 4,109
Less: Income (loss) attributable to noncontrolling interests 3 3 7 11
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 1,672 $ 2,238 $ 3,232 $ 4,098
Basic earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 3.97 $ 5.19 $ 7.62 $ 9.46
Diluted earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 3.90 $ 5.09 $ 7.51 $ 9.29