PRU · 8-K · 20260804PR000170

Operating Expense Trends

PRUDENTIAL FINANCIAL INC · 2026-08-04 · Importance 20 · Surprise 24

U.S. Businesses reported higher expenses to support continued business growth, contributing to a year-over-year decline excluding a $26 million favorable assumption-update comparison. Retirement also cited higher growth-related expenses, while Group Insurance reported higher expenses that partially offset improved mortality and investment spreads. International Businesses incurred higher expenses connected with the Prudential of Japan sales suspension. These expense pressures were partially offset by higher net investment spread results in U.S. Businesses and International Businesses.

Key facts

• Corporate and Other reported an adjusted operating loss of $279 million for the second quarter of 2026, essentially unchanged from a loss of $280 million in the year-ago quarter. source