NYSE · Financial Services

Prudential Financial, Inc.

PRU · Insurance - Life

$97.80

▼ -0.82 (-0.83%)

Data cached · refreshes every 10 min

Mr. Market is currently offering Prudential Financial, Inc. at $97.80.

The business passes 5 of 6 of Graham's defensive criteria — adequate but not exceptional.

Overall Grade

Defensive

Enterprising

Profitability F

Net Income Margin 5.9%

Fin. Health F

Years to Pay Off Debt 6.4 yrs

Valuation B

Margin of Safety 32.5%

Price-to-Book 1.05x

Cash Flow A

Free Cash Flow $6.3B

5/6

Graham Score

Enterprising

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Metric Explanations

What each dimension measures and where the thresholds come from.

Market Data

Market Cap $34.0B

Enterprise Value $40.8B

P/E (TTM) 9.79

Dividend Yield 5.48%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 5.9%

Company Info

Sector Financial Services

Industry Insurance - Life

Employees 36607

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Prudential Financial, Inc. at $97.80.

The business passes 5 of 6 of Graham's defensive criteria — adequate but not exceptional.

At $97.80, the stock trades below its Graham Number of $144.79 — suggesting a margin of safety exists.

The margin of safety of 32.5% exceeds Graham's recommended 33% threshold — a rare opportunity.

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

About Prudential Financial, Inc.

Prudential Financial, Inc., together with its subsidiaries, provides financial products and services in the United States, Japan and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. The PGIM segment offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its insurance and retirement businesses. The Retirement Strategies segment provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; group annuities and other products; international reinsurance; investment only products; and FlexGuard suite, Fixed annuities, and variable annuities, as well as develops and distributes individual variable and fixed annuity products. The Group Insurance segment offers various group life, and long-term and short-term group disability, as well as group corporate-, bank-, and trust-owned life insurance; and supplemental health solutions including accident, critical illness, and hospital indemnity. The Individual Life segment develops and distributes variable life, universal life, and term life insurance products. The International Businesses segment develops and distributes life insurance, retirement products, investment products, and certain accident and health products. The company provides its products and services to individual and institutional customers through its proprietary and third-party distribution networks, financial professionals, and trusted partnerships. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022
Gross Profit %	N/A •	N/A	N/A	N/A
Operating Margin %	N/A •	N/A	N/A	N/A
Net Income %	5.9% ▲	3.9%	4.6%	-2.9%
Diluted EPS	9.99 ▲	7.50	6.74	-4.49

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$773.7B	$735.6B	$721.2B	$689.0B	N/A
Total Debt	$23.0B ↑	$21.6B	$20.9B	$21.1B	N/A
Working Capital	N/A •	N/A	N/A	N/A	N/A
Years to Pay Debt	6.42	7.91	8.39	-12.79	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$6.3B ▼	$8.5B	$6.5B	$5.2B	N/A
Owner Earnings	N/A	N/A	N/A	N/A	N/A
CapEx % of Net Income	N/A	N/A	N/A	N/A	N/A

Income Statement

	2025	2024	2023	2022
Tax Effect Of Unusual Items	0	0	-35,400	-132,741
Tax Rate For Calcs	0	0	0	0
Total Unusual Items	0	0	-177,000	-903,000
Total Unusual Items Excluding Goodwill	0	0	-177,000	-903,000
Net Income From Continuing Operation Net Minority Interest	3,576,000	2,727,000	2,488,000	-1,647,000
Reconciled Depreciation	128,000	383,000	-70,000	117,000
Normalized Income	3,576,000	2,727,000	2,629,600	-876,741
Net Income From Continuing And Discontinued Operation	3,576,000	2,727,000	2,488,000	-1,647,000
Total Expenses	56,310,000	67,466,000	51,193,000	58,878,000
Diluted Average Shares	353,700	359,300	364,600	374,700
Basic Average Shares	351,800	357,500	363,500	372,300
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	3,535,000	2,695,000	2,459,000	-1,672,000
Net Income Common Stockholders	3,535,000	2,695,000	2,459,000	-1,672,000
Otherunder Preferred Stock Dividend	41,000	32,000	29,000	25,000
Net Income	3,576,000	2,727,000	2,488,000	-1,647,000
Minority Interests	-156,000	-119,000	-20,000	28,000
Net Income Including Noncontrolling Interests	3,732,000	2,846,000	2,508,000	-1,675,000
Net Income Continuous Operations	3,732,000	2,846,000	2,508,000	-1,675,000
Earnings From Equity Interest Net Of Tax	129,000	144,000	49,000	-62,000
Tax Provision	1,053,000	507,000	613,000	-279,000
Pretax Income	4,656,000	3,209,000	3,072,000	-1,892,000
Other Income Expense	4,426,000	3,037,000	4,065,000	608,000
Special Income Charges	0	0	-177,000	-903,000
Impairment Of Capital Assets	0	0	177,000	903,000
Other Operating Expenses	192,000	270,000	286,000	105,000
Selling General And Administration	13,012,000	13,342,000	12,951,000	12,576,000
General And Administrative Expense	13,012,000	13,342,000	12,951,000	12,576,000
Other Gand A	13,012,000	13,342,000	12,951,000	12,576,000
Total Revenue	60,967,000	70,675,000	54,265,000	56,986,000
Operating Revenue	60,967,000	70,675,000	54,265,000	56,986,000
Loss Adjustment Expense	35,327,000	47,082,000	31,268,000	41,470,000
Net Policyholder Benefits And Claims	35,327,000	47,082,000	31,268,000	41,470,000
Policyholder Benefits Gross	40,000,000	51,428,000	39,509,000	44,635,000
Policyholder Benefits Ceded	4,673,000	4,346,000	8,241,000	3,165,000

Balance Sheet

	2025	2024	2023	2022	2021
Treasury Shares Number	318,361	311,738	307,089	300,342
Ordinary Shares Number	347,944	354,567	359,216	365,963
Share Issued	666,305	666,305	666,305	666,305
Net Debt	3,246,000	3,073,000	1,455,000	3,806,000
Total Debt	22,958,000	21,570,000	20,874,000	21,057,000
Tangible Book Value	30,561,000	25,978,000	25,713,000	28,578,000
Invested Capital	55,396,000	49,442,000	48,694,000	51,650,000
Net Tangible Assets	30,561,000	25,978,000	25,713,000	28,578,000
Common Stock Equity	32,438,000	27,872,000	27,820,000	30,593,000
Total Capitalization	53,698,000	48,234,000	47,821,000	50,575,000
Total Equity Gross Minority Interest	35,581,000	30,126,000	29,876,000	31,919,000
Minority Interest	3,143,000	2,254,000	2,056,000	1,326,000
Stockholders Equity	32,438,000	27,872,000	27,820,000	30,593,000
Gains Losses Not Affecting Retained Earnings	-3,077,000	-6,711,000	-6,504,000	-3,806,000
Other Equity Adjustments	-3,077,000	-6,711,000	-6,504,000	-3,806,000
Treasury Stock	25,335,000	24,511,000	23,780,000	23,068,000
Retained Earnings	34,831,000	33,187,000	32,352,000	31,714,000
Additional Paid In Capital	26,013,000	25,901,000	25,746,000	25,747,000
Capital Stock	6,000	6,000	6,000	6,000
Common Stock	6,000	6,000	6,000	6,000
Total Liabilities Net Minority Interest	738,159,000	705,461,000	691,336,000	657,110,000
Non Current Deferred Liabilities	15,798,000	15,185,000	15,022,000	14,356,000
Non Current Deferred Revenue	15,798,000	15,185,000	15,022,000	14,356,000
Long Term Debt And Capital Lease Obligation	21,260,000	20,362,000	20,001,000	19,982,000
Long Term Debt	21,260,000	20,362,000	20,001,000	19,982,000
Current Debt And Capital Lease Obligation	1,698,000	1,208,000	873,000	1,075,000
Current Debt	1,698,000	1,208,000	873,000	1,075,000
Other Current Borrowings	33,000	85,000	83,000	155,000
Line Of Credit	255,000	255,000	255,000	309,000
Commercial Paper	874,000	521,000	535,000	438,000
Current Notes Payable	536,000	347,000	0	173,000
Payables And Accrued Expenses	20,116,000	17,802,000	17,204,000	6,704,000
Payables	20,116,000	17,802,000	17,204,000	6,704,000
Dividends Payable	1,272,000	718,000	1,475,000	694,000
Total Tax Payable			0	277,000	9,513,000
Income Tax Payable			0	277,000	9,513,000
Accounts Payable	18,844,000	17,084,000	15,729,000	5,733,000
Total Assets	773,740,000	735,587,000	721,212,000	689,029,000
Investments And Advances	385,902,000	363,788,000	358,122,000	326,707,000
Long Term Equity Investment	16,502,000	16,419,000	14,349,000
Investments In Other Ventures Under Equity Method	16,502,000	16,419,000	14,349,000
Goodwill And Other Intangible Assets	1,877,000	1,894,000	2,107,000	2,015,000
Other Intangible Assets	787,000	841,000	1,036,000	1,139,000
Goodwill	1,090,000	1,053,000	1,071,000	876,000
Net PPE	2,698,000	2,694,000	2,594,000
Receivables	44,356,000	38,546,000	28,250,000	18,993,000
Taxes Receivable	279,000	866,000	939,000	0
Loans Receivable	2,351,000	1,036,000	579,000	612,000
Accounts Receivable	44,077,000	37,680,000	27,311,000	18,993,000
Cash Cash Equivalents And Short Term Investments	73,025,000	339,136,000	340,745,000	329,561,000
Other Short Term Investments	53,313,000	320,639,000	321,326,000	312,310,000
Cash And Cash Equivalents	19,712,000	18,497,000	19,419,000	17,251,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	6,271,000	8,502,000	6,510,000	5,158,000
Repurchase Of Capital Stock	-1,000,000	-1,000,000	-1,012,000	-1,488,000
Repayment Of Debt	-1,985,000	-1,431,000	-2,318,000	-1,184,000
Issuance Of Debt	2,759,000	2,859,000	2,076,000	2,843,000
Interest Paid Supplemental Data	1,907,000	1,995,000	1,555,000	1,452,000
Income Tax Paid Supplemental Data	1,398,000	756,000	895,000	1,090,000
End Cash Position	19,749,000	18,520,000	19,463,000	17,299,000
Beginning Cash Position	18,520,000	19,463,000	17,299,000	12,934,000
Effect Of Exchange Rate Changes	77,000	-254,000	37,000	-159,000
Changes In Cash	1,152,000	-689,000	2,127,000	4,524,000
Other Cash Adjustment Inside Changein Cash		0	0	2,071,000	-2,071,000
Financing Cash Flow	20,773,000	19,394,000	7,739,000	4,933,000
Cash Flow From Continuing Financing Activities	20,773,000	19,394,000	7,739,000	4,933,000
Net Other Financing Charges	20,486,000	17,355,000	10,859,000	8,171,000
Proceeds From Stock Option Exercised	109,000	201,000	126,000	163,000
Cash Dividends Paid	-1,926,000	-1,891,000	-1,846,000	-1,817,000
Common Stock Dividend Paid	-1,926,000	-1,891,000	-1,846,000	-1,817,000
Net Common Stock Issuance	-1,000,000	-1,000,000	-1,012,000	-1,488,000
Common Stock Payments	-1,000,000	-1,000,000	-1,012,000	-1,488,000
Net Issuance Payments Of Debt	1,223,000	845,000	-232,000	1,445,000
Net Short Term Debt Issuance	449,000	-583,000	10,000	-214,000
Net Long Term Debt Issuance	774,000	1,428,000	-242,000	1,659,000
Long Term Debt Payments	-1,985,000	-1,431,000	-2,318,000	-1,184,000
Long Term Debt Issuance	2,759,000	2,859,000	2,076,000	2,843,000
Investing Cash Flow	-25,892,000	-28,585,000	-12,122,000	-7,638,000
Cash Flow From Continuing Investing Activities	-25,892,000	-28,585,000	-12,122,000	-7,638,000
Net Other Investing Changes	-207,000	-50,000	-676,000	-98,000
Net Investment Purchase And Sale	-24,111,000	-25,238,000	-9,334,000	-8,535,000
Sale Of Investment	94,476,000	104,973,000	86,256,000	110,051,000
Purchase Of Investment	-118,587,000	-130,211,000	-95,590,000	-118,586,000
Net Business Purchase And Sale		0	0	422,000	132,000
Sale Of Business		0	0	422,000	132,000
Operating Cash Flow	6,271,000	8,502,000	6,510,000	5,158,000
Cash Flow From Continuing Operating Activities	6,271,000	8,502,000	6,510,000	5,158,000
Change In Working Capital	-4,588,000	-412,000	-958,000	-194,000
Change In Other Working Capital	-6,866,000	-4,104,000	-5,578,000	-5,604,000
Other Non Cash Items	-2,028,000	-2,128,000	-2,186,000	-2,230,000
Asset Impairment Charge	0	0	177,000	903,000
Depreciation And Amortization	128,000	383,000	-70,000	117,000
Operating Gains Losses	971,000	3,512,000	878,000	2,784,000
Earnings Losses From Equity Investments	-25,000	-57,000	-72,000	120,000
Gain Loss On Investment Securities	996,000	3,569,000	950,000	2,664,000
Net Income From Continuing Operations	3,732,000	2,846,000	2,508,000	-1,675,000

These metrics estimate what Prudential Financial, Inc. is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$144.79

Margin of Safety

32.5%

Market Cap ÷ Company Value

1.51

P/B Ratio

1.05

Warren's Owner Earnings

N/A

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

5/6 — Enterprising Investor

✅ Adequate Size

$61.0B

vs > $1.5B revenue

❌ Earnings Stability

1 loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

5.48%

vs Uninterrupted dividends

✅ Earnings Growth

+48.2% EPS growth

vs > 33% EPS growth

✅ Moderate P/E Ratio

9.8x

vs P/E ≤ 15.0x

✅ Moderate Price-to-Book

1.05x P/B (P/E×P/B: 10.3)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

N/A

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

N/A

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	N/A	N/A	N/A	N/A	N/A
Repurchase of Capital Stock	-$1.0B	-$1.0B	-$1.0B	-$1.5B	N/A
Free Cash Flow	$6.3B ▼	$8.5B ▲	$6.5B ▲	$5.2B •	N/A •
Warren's Owner Earnings	N/A	N/A	N/A	N/A	N/A

Peers & Industry

No auto-detected peers for Insurance - Life. You can manually compare PRU against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.18%

Low — management has little skin in the game

Return on Equity (ROE)

11.0%

Adequate — returns are moderate

Return on Assets (ROA)

0.5%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$1.0B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+6.4% YoY

Debt is roughly stable

Leadership Team

Andrew Francis Sullivan

Chairman, CEO & President

Age 54

Pay: $6,220,845

0.174% of net income

Yanela del Carmen Frias

Executive VP & CFO

Age 53

Pay: $2,585,871

0.072% of net income

Jacques Philppe Chappuis

President & CEO of PGIM Inc.

Age 55

Pay: $13,960,166

0.390% of net income

Todd Shriber

Vice President of Life Distribution and Sales

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	12.20%	42,422,113
Blackrock Inc.	9.33%	32,448,207
State Street Corporation	4.95%	17,234,061
Geode Capital Management, LLC	2.74%	9,533,806
Morgan Stanley	1.91%	6,649,202
Goldman Sachs Group Inc	1.57%	5,470,859
Northern Trust Corporation	1.20%	4,184,105
Invesco Ltd.	1.05%	3,641,510

⚠️ Current ratio below 1 — liquidity risk

Risk Analysis

Beta (Market Risk)

0.85

Low volatility — more stable than the market

Short Interest

3.9% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

1.24x

Moderate leverage

Current Ratio

0.92x

Weak liquidity — current liabilities exceed current assets

52-Week Price Range

Low: $91.89 Current: $97.80 High: $119.76

Currently at 21% of 52-week range

360investing