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Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Premiums (includes $45, $36, $37 and $311 of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended September 30, 2024 and 2023 and the nine months ended September 30, 2024 and 2023, respectively) [1] $ 13,045 $ 4,173 $ 36,402 $ 20,445
Policy charges and fee income 1,111 1,112 3,252 3,319
Net Investment Income [1] 5,055 4,571 14,668 13,367
Asset management and service fees [1] 984 952 2,984 2,787
Other income (loss) [1] 1,285 197 3,214 2,260
Realized investment gains (losses), net [1] (1,844) (2,402) (2,318) [2] (3,123)
Change in value of market risk benefits, net of related hedging gains (losses) (146) (251) (320) (160)
Total revenues 19,490 8,352 57,882 38,895
BENEFITS AND EXPENSES        
Policyholders’ benefits [1] 14,027 5,163 39,485 23,128
Change in estimates of liability for future policy benefits [1] 180 (49) (13) 231
Interest credited to policyholders’ account balances 863 872 3,248 3,002
Dividends to policyholders 189   655 619
Dividends to policyholders   (3)    
Amortization of deferred policy acquisition costs 367 361 1,117 1,092
General and administrative expenses [1] 3,311 3,066 10,032 9,413
Total benefits and expenses 18,937 9,410 54,524 37,485
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 553 (1,058) 3,358 1,410
Total income tax expense (benefit) 140 (251) 693 254
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF JOINT VENTURES AND OTHER OPERATING ENTITIES 413 (807) 2,665 1,156
Equity in earnings of joint ventures and other operating entities, net of taxes 38 16 108 26
NET INCOME (LOSS) 451 (791) 2,773 1,182
Less: Income (loss) attributable to noncontrolling interests 3 11 (11) 11
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 448 $ (802) $ 2,784 $ 1,171
Basic earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.24 $ (2.23) $ 7.68 $ 3.17
Diluted earnings per share-Common Stock:        
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 1.24 $ (2.23) $ 7.64 $ 3.15
[1] See Note 20 for additional information regarding related party transactions.
[2] See Note 20 for additional information regarding related party transactions.