PRU · 8-K · 20260804PR000170

Segment Profitability

PRUDENTIAL FINANCIAL INC · 2026-08-04 · Importance 41 · Surprise 48 · From source text

PGIM adjusted operating income increased 28% to $294 million from $229 million, driven mainly by higher asset management fees from equity-market appreciation and investment performance. U.S. Businesses generated $957 million, essentially unchanged from $955 million, as higher expenses and less favorable underwriting offset stronger net investment spread results. International Businesses increased adjusted operating income to $855 million from $761 million, supported by higher investment spreads, joint-venture earnings and Brazil growth, partly offset by the Prudential of Japan sales suspension. Corporate & Other reported a $279 million adjusted operating loss, compared with a $280 million loss in the year-ago quarter.

Key facts

• Individual Life reported adjusted operating income of $176 million in the quarter, more than doubling compared to $82 million in the year-ago quarter. source
• International Businesses reported adjusted operating income of $855 million for the second quarter of 2026, up from $761 million in the year-ago quarter. source
• PGIM reported adjusted operating income of $294 million for the second quarter of 2026, up from $229 million in the year-ago quarter. source
• U.S. Businesses reported adjusted operating income of $957 million for the second quarter of 2026, essentially unchanged from $955 million in the year-ago quarter. source
• Retirement reported adjusted operating income of $392 million in the quarter, essentially unchanged compared to $397 million in the year-ago quarter. source
• Individual Life record second quarter sales of $237 million increased 9% from the year-ago quarter. source

Impact estimates