Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 are summarized in the table below:

	Three Months Ended
	March 31		June 30		September 30		December 31
	(in millions, except per share amounts)
2019
Total revenues	$	15,091	$	15,388	$	15,105	$	19,223
Total benefits and expenses	13,951		14,512		13,380		17,879
Net income (loss)	937		738		1,425		1,138
Less: Income attributable to noncontrolling interests	5		30		7		10
Net income (loss) attributable to Prudential Financial, Inc.	$	932	$	708	$	1,418	$	1,128

Basic earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	2.25	$	1.73	$	3.47	$	2.78
Diluted earnings per share—Common Stock(1):
Net income (loss) attributable to Prudential Financial, Inc.	$	2.22	$	1.71	$	3.44	$	2.76

2018
Total revenues	$	13,757	$	14,655	$	16,148	$	18,432
Total benefits and expenses	12,064		14,405		14,310		17,379
Net income (loss)	1,364		200		1,675		849
Less: Income attributable to noncontrolling interests	1		3		3		7
Net income (loss) attributable to Prudential Financial, Inc.	$	1,363	$	197	$	1,672	$	842

Basic earnings per share—Common Stock(1)(2):
Net income (loss) attributable to Prudential Financial, Inc.	$	3.19	$	0.46	$	3.97	$	2.01
Diluted earnings per share—Common Stock(1)(2):
Net income (loss) attributable to Prudential Financial, Inc.	$	3.14	$	0.46	$	3.90	$	1.99

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

(2)

Basic and Diluted earnings per share of Common Stock for the second quarter of 2018 reflected a net charge in the Long-Term Care business as a result of the Company’s annual reviews and update of assumptions and other refinements.