PRU · 8-K · 20260804PR000170

Interest Rate Environment

PRUDENTIAL FINANCIAL INC · 2026-08-04 · Importance 10 · Surprise 6

PGIM reported that higher interest rates partially offset the benefit of higher asset management fees in the second quarter of 2026. The company did not quantify the specific dollar impact of rates on PGIM results. Prudential also stated that higher net investment spread results supported results in its U.S. and International Businesses.

Key facts

• Net income in the quarter included $655 million of pre-tax net realized investment losses and related charges and adjustments. source
• The $655 million pre-tax realized investment losses included $76 million of pre-tax net credit-related losses. source
• The $655 million pre-tax realized investment losses included $71 million of pre-tax losses related to the net change in value of market risk benefits. source