NYSE : PUK
Prudential plc — Financial statements
Financials · Insurance - Life · Hong Kong
Last price 24.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 29.57B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 11.66B | 11.08B | 10.36B | 9.37B | 8.55B | 22.37B |
| Total Interest & Dividend Income | 667.00M | 1.42B | 1.33B | 1.09B | -29.31B | 2.86B |
| Gain (Loss) on Sale of Investments | 1.51B | 1.51B | 55.00M | 647.00M | ||
| Other Revenue | 469.00M | 411.00M | 382.00M | 369.00M | 28.63B | 641.00M |
| Total Revenue | 14.31B | 14.43B | 12.07B | 10.83B | 7.92B | 26.52B |
| Policy Benefits | 5.46B | 5.02B | 4.91B | 4.54B | 3.92B | 18.91B |
| Policy Acquisition & Underwriting Costs | 3.44B | 3.44B | 3.16B | 2.75B | 2.45B | 1.58B |
| Selling, General & Administrative | 3.12B | |||||
| Other Operating Expenses | -152.00M | |||||
| Total Operating Expenses | 8.90B | 8.46B | 8.06B | 7.28B | 6.37B | 23.47B |
| Operating Income | 5.41B | 5.97B | 4.01B | 3.55B | 1.55B | 3.06B |
| Interest Expense | -192.00M | -183.00M | -171.00M | -172.00M | -463.00M | -331.00M |
| Earnings From Equity Investments | 458.00M | 364.00M | 477.00M | -91.00M | -85.00M | 352.00M |
| Currency Exchange Gain (Loss) | -525.00M | |||||
| Other Non Operating Income (Expenses) | -1.08B | -1.03B | -1.00B | -990.00M | -996.00M | |
| EBT Excluding Unusual Items | 4.60B | 5.12B | 3.31B | 2.29B | -519.00M | 3.08B |
| Gain (Loss) on Sale of Assets | -71.00M | |||||
| Other Unusual Items | 4.00M | -22.00M | -58.00M | |||
| Pretax Income | 4.60B | 5.12B | 3.24B | 2.27B | -519.00M | 3.02B |
| Income Tax Expense | 845.00M | 1.00B | 824.00M | 560.00M | 478.00M | 804.00M |
| Earnings From Continuing Ops. | 3.75B | 4.12B | 2.42B | 1.71B | -997.00M | 2.21B |
| Earnings From Discontinued Ops. | -4.23B | |||||
| Net Income to Company | 3.75B | 4.12B | 2.42B | 1.71B | -997.00M | -2.02B |
| Minority Interest in Earnings | -107.00M | -141.00M | -130.00M | -11.00M | -10.00M | -22.00M |
| Net Income | 3.65B | 3.98B | 2.29B | 1.70B | -1.01B | -2.04B |
| Net Income to Common | 3.65B | 3.98B | 2.29B | 1.70B | -1.01B | -2.04B |
| Shares Outstanding (Basic) | 2.53B | 2.58B | 2.71B | 2.74B | 2.74B | 2.63B |
| Shares Outstanding (Diluted) | 2.55B | 2.59B | 2.72B | 2.75B | 2.74B | 2.63B |
| EPS (Basic) | 1.44 | 1.54 | 0.84 | 0.62 | -0.37 | -0.78 |
| EPS (Diluted) | 1.43 | 1.53 | 0.84 | 0.62 | -0.37 | -0.78 |
| Free Cash Flow | 1.63B | 2.35B | 3.51B | 788.00M | 1.04B | -181.00M |
| Free Cash Flow Per Share | 0.64 | 0.91 | 1.29 | 0.29 | 0.38 | -0.07 |
| Dividend Per Share | 0.28 | 0.27 | 0.23 | 0.20 | 0.19 | 0.17 |
| Operating Margin | 37.81% | 41.39% | 33.19% | 32.75% | 19.57% | 11.52% |
| Profit Margin | 25.49% | 27.57% | 18.93% | 15.71% | -12.71% | -7.70% |
| Free Cash Flow Margin | 11.40% | 16.26% | 29.06% | 7.27% | 13.18% | -0.68% |
| EBITDA | 5.92B | 6.47B | 4.44B | 4.07B | 1.94B | 3.40B |
| EBITDA Margin | 41.39% | 44.87% | 36.75% | 37.59% | 24.46% | 12.83% |
| D&A For EBITDA | 512.00M | 503.00M | 429.00M | 524.00M | 388.00M | 349.00M |
| EBIT | 5.41B | 5.97B | 4.01B | 3.55B | 1.55B | 3.06B |
| EBIT Margin | 37.81% | 41.39% | 33.19% | 32.75% | 19.57% | 11.52% |
| Effective Tax Rate | 18.37% | 19.57% | 25.44% | 24.65% | 26.64% | |
| Revenue as Reported | 26.50B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 94.80B | 92.05B | 73.80B | 83.06B | 77.02B | 99.09B |
| Investments in Equity & Preferred Securities | 44.72B | 40.77B | 35.71B | 33.04B | 59.94B | 28.34B |
| Policy Loans | 1.73B | |||||
| Other Investments | 63.59B | 57.80B | 53.17B | 39.53B | 6.28B | 40.19B |
| Total Investments | 203.33B | 190.83B | 162.84B | 155.81B | 143.41B | 169.54B |
| Cash & Equivalents | 5.89B | 3.85B | 2.44B | 1.59B | 5.51B | 7.17B |
| Reinsurance Recoverable | 3.40B | 3.41B | 3.39B | 2.43B | 1.86B | 9.98B |
| Other Receivables | 4.81B | 4.12B | 3.95B | 3.81B | 3.55B | 3.42B |
| Deferred Policy Acquisition Cost | 2.81B | |||||
| Property, Plant & Equipment | 529.00M | 530.00M | 417.00M | 374.00M | 437.00M | 478.00M |
| Goodwill | 875.00M | 902.00M | 848.00M | 896.00M | 890.00M | 907.00M |
| Other Intangible Assets | 3.74B | 3.96B | 3.82B | 3.99B | 3.88B | 4.01B |
| Restricted Cash | 3.85B | 3.33B | 3.16B | |||
| Other Current Assets | 920.00M | 621.00M | 691.00M | 1.85B | 569.00M | 481.00M |
| Long-Term Deferred Tax Assets | 174.00M | 119.00M | 142.00M | 156.00M | 140.00M | 266.00M |
| Other Long-Term Assets | 28.00M | |||||
| Total Assets | 223.68B | 212.19B | 181.88B | 174.07B | 160.25B | 199.10B |
| Accrued Expenses | 3.30B | 366.00M | 273.00M | 279.00M | 259.00M | 642.00M |
| Insurance & Annuity Liabilities | 185.19B | 174.50B | 147.57B | 139.84B | 126.24B | 157.26B |
| Reinsurance Payable | 743.00M | 640.00M | 536.00M | 1.15B | 1.18B | 1.54B |
| Current Portion of Long-Term Debt | 382.00M | |||||
| Current Portion of Leases | 96.00M | 84.00M | 76.00M | 101.00M | 110.00M | |
| Short-Term Debt | 1.13B | 1.26B | 799.00M | 1.42B | 1.08B | 723.00M |
| Current Income Taxes Payable | 369.00M | 273.00M | 238.00M | 275.00M | 208.00M | 185.00M |
| Long-Term Debt | 4.47B | 4.46B | 3.94B | 3.94B | 3.89B | 6.14B |
| Long-Term Leases | 319.00M | 214.00M | 173.00M | 158.00M | 198.00M | 237.00M |
| Long-Term Deferred Tax Liabilities | 1.82B | 1.83B | 1.51B | 1.25B | 1.14B | 2.86B |
| Other Current Liabilities | 4.34B | 3.85B | 4.54B | 2.95B | 5.19B | 5.93B |
| Other Long-Term Liabilities | 1.38B | 3.35B | 3.54B | 4.75B | 3.48B | 5.85B |
| Total Liabilities | 203.06B | 190.84B | 163.20B | 156.08B | 143.35B | 181.84B |
| Common Stock | 167.00M | 169.00M | 176.00M | 183.00M | 182.00M | 182.00M |
| Additional Paid-In Capital | 5.01B | 5.01B | 5.01B | 5.01B | 5.01B | 5.01B |
| Retained Earnings | 14.01B | 14.09B | 11.91B | 11.93B | 10.65B | 10.48B |
| Treasury Stock | -267.00M | |||||
| Comprehensive Income & Other | 616.00M | 851.00M | 401.00M | 703.00M | 890.00M | 1.68B |
| Total Common Equity | 19.80B | 20.12B | 17.49B | 17.82B | 16.73B | 17.09B |
| Minority Interest | 820.00M | 1.24B | 1.18B | 160.00M | 167.00M | 176.00M |
| Shareholders' Equity | 20.62B | 21.36B | 18.67B | 17.98B | 16.90B | 17.26B |
| Total Liabilities & Equity | 223.68B | 212.19B | 181.88B | 174.07B | 160.25B | 199.10B |
| Filing Date Shares Outstanding | 2.52B | 2.53B | 2.64B | 2.74B | 2.74B | 2.73B |
| Total Common Shares Outstanding | 2.52B | 2.53B | 2.64B | 2.74B | 2.74B | 2.73B |
| Total Debt | 5.92B | 6.04B | 4.99B | 5.59B | 5.66B | 7.21B |
| Net Cash (Debt) | -30.00M | -2.18B | -2.55B | -4.00B | -144.00M | -41.00M |
| Net Cash Per Share | -0.01 | -0.84 | -0.94 | -1.46 | -0.05 | -0.02 |
| Book Value Per Share | 7.87 | 7.95 | 6.62 | 6.50 | 6.11 | 6.25 |
| Tangible Book Value | 15.19B | 15.26B | 12.82B | 12.94B | 11.96B | 12.17B |
| Tangible Book Value Per Share | 6.04 | 6.03 | 4.85 | 4.72 | 4.37 | 4.45 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.65B | 3.98B | 2.29B | 1.70B | -1.01B | -2.04B |
| Depreciation & Amortization | 610.00M | 601.00M | 523.00M | 524.00M | 494.00M | 472.00M |
| Other Amortization | 348.00M | |||||
| Change in Accounts Receivable | 22.66B | 22.66B | 7.92B | 12.79B | ||
| Change in Insurance Reserves / Liabilities | -20.44B | 9.10B | ||||
| Change in Other Net Operating Assets | -24.12B | -24.00B | -7.72B | -14.47B | 22.02B | -11.88B |
| Other Operating Activities | -1.08B | -785.00M | 595.00M | 294.00M | 14.00M | 4.28B |
| Operating Cash Flow | 1.71B | 2.45B | 3.61B | 832.00M | 1.08B | -145.00M |
| Capital Expenditures | -77.00M | -104.00M | -101.00M | -44.00M | -34.00M | -36.00M |
| Sale of Property, Plant & Equipment | 4.00M | 4.00M | 2.00M | |||
| Purchase / Sale of Intangible Assets | -256.00M | -297.00M | -557.00M | -415.00M | ||
| Cash Acquisitions | -298.00M | -773.00M | ||||
| Investment in Securities | -174.00M | -176.00M | ||||
| Investing Cash Flow | 1.15B | 1.09B | -832.00M | -360.00M | -39.00M | -726.00M |
| Long-Term Debt Issued | 462.00M | 346.00M | 995.00M | |||
| Total Debt Repaid | -92.00M | -95.00M | -93.00M | -486.00M | -2.18B | -1.37B |
| Lease Payments | -92.00M | -95.00M | -93.00M | -93.00M | -101.00M | -118.00M |
| Net Debt Issued (Repaid) | -92.00M | 367.00M | -93.00M | -486.00M | -1.83B | -373.00M |
| Issuance of Common Stock | 3.00M | 2.00M | 4.00M | 2.00M | 2.38B | |
| Repurchases of Common Stock | -1.17B | -1.25B | -860.00M | |||
| Common Dividends Paid | -567.00M | -594.00M | -552.00M | -533.00M | -474.00M | -421.00M |
| Other Financing Activities | -667.00M | -267.00M | -190.00M | -195.00M | -218.00M | 2.01B |
| Financing Cash Flow | -2.50B | -1.74B | -1.70B | -1.21B | -2.52B | 3.59B |
| Foreign Exchange Rate Adjustments | -110.00M | 140.00M | -61.00M | -25.00M | -175.00M | -44.00M |
| Miscellaneous Cash Flow Adjustments | -3.53B | |||||
| Net Cash Flow | 253.00M | 1.93B | 1.02B | -763.00M | -1.66B | -848.00M |
| Free Cash Flow | 1.63B | 2.35B | 3.51B | 788.00M | 1.04B | -181.00M |
| Free Cash Flow Margin | 11.40% | 16.26% | 29.06% | 7.27% | 13.18% | -0.68% |
| Free Cash Flow Per Share | 0.64 | 0.91 | 1.29 | 0.29 | 0.38 | -0.07 |
| Levered Free Cash Flow | 4.14B | 2.78B | 3.10B | -5.22B | 7.46B | 31.29B |
| Unlevered Free Cash Flow | 4.26B | 2.90B | 3.21B | -5.11B | 7.75B | 31.50B |
| Free Cash Flow After Leases | 1.54B | 2.25B | 3.42B | 695.00M | 943.00M | -299.00M |
| Cash Interest Paid | 246.00M | 237.00M | 239.00M | 263.00M | 220.00M | 325.00M |
| Cash Income Tax Paid | 518.00M | 518.00M | 549.00M | 406.00M | 449.00M | 453.00M |
| Change in Working Capital | -1.46B | -1.34B | 206.00M | -1.69B | 1.58B | -2.78B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 30.18B | 39.00B | 21.11B | 30.97B | 37.18B | 47.20B |
| Enterprise Value | 31.04B | 40.65B | 21.66B | 30.57B | 36.85B | 49.07B |
| PE Ratio | 8.53 | 9.80 | 9.24 | 18.21 | ||
| PS Ratio | 2.11 | 2.70 | 1.75 | 2.86 | 4.69 | 1.78 |
| PB Ratio | 1.46 | 1.83 | 1.13 | 1.72 | 2.20 | 2.73 |
| P/FCF Ratio | 18.50 | 16.62 | 6.02 | 39.31 | 35.62 | |
| P/OCF Ratio | 17.66 | 15.92 | 5.85 | 37.23 | 34.49 | |
| EV/Sales Ratio | 2.17 | 2.82 | 1.79 | 2.82 | 4.65 | 1.85 |
| EV/EBITDA Ratio | 5.24 | 6.28 | 4.88 | 7.51 | 19.02 | 14.42 |
| EV/EBIT Ratio | 5.74 | 6.81 | 5.41 | 8.62 | 23.77 | 16.06 |
| EV/FCF Ratio | 19.02 | 17.33 | 6.17 | 38.80 | 35.30 | |
| Debt / Equity Ratio | 0.29 | 0.28 | 0.27 | 0.31 | 0.34 | 0.42 |
| Debt / EBITDA Ratio | 0.98 | 0.92 | 1.10 | 1.37 | 2.77 | 2.04 |
| Debt / FCF Ratio | 3.63 | 2.57 | 1.42 | 7.09 | 5.42 | |
| Net Debt / Equity Ratio | 0.00 | 0.10 | 0.14 | 0.22 | 0.01 | 0.00 |
| Net Debt / EBITDA Ratio | 0.01 | 0.34 | 0.57 | 0.98 | 0.07 | 0.01 |
| Net Debt / FCF Ratio | 0.02 | 0.93 | 0.73 | 5.08 | 0.14 | -0.23 |
| Quick Ratio | 0.96 | 1.01 | 0.79 | 0.65 | 0.91 | 0.96 |
| Current Ratio | 1.52 | 2.39 | 2.08 | 2.02 | 1.31 | 2.23 |
| Asset Turnover | 0.07 | 0.07 | 0.07 | 0.07 | 0.04 | 0.07 |
| Return on Equity (ROE) | 18.74% | 20.58% | 13.18% | 9.82% | -5.84% | 11.24% |
| Return on Assets (ROA) | 1.60% | 1.89% | 1.41% | 1.33% | 0.54% | 0.53% |
| Return on Invested Capital (ROIC) | 16.64% | 18.81% | 12.65% | 11.59% | 6.59% | 6.85% |
| Earnings Yield | 11.72% | 10.20% | 10.82% | 5.49% | -2.71% | -4.33% |
| FCF Yield | 5.41% | 6.02% | 16.61% | 2.54% | 2.81% | -0.38% |
| Dividend Yield | 2.13% | 1.73% | 2.90% | 1.81% | 1.38% | 1.00% |
| Payout Ratio | 18.16% | 14.93% | 24.16% | 31.34% | ||
| Buyback Yield / Dilution | 4.16% | 4.71% | 0.98% | -0.40% | -4.11% | -1.19% |
| Total Shareholder Return | 6.29% | 6.43% | 3.88% | 1.41% | -2.73% | -0.20% |