01—Abstract
Summary
Summary of the 8-K filed January 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. furnished this Current Report under Item 2.02 and Item 7.01 to disclose preliminary, unaudited financial information for the quarter ended December 31, 2025, ahead of its quarterly earnings release and financial supplement, both scheduled for February 3, 2026.
The company states it has not completed its financial closing procedures for the quarter, and that actual results could be materially different from these preliminary figures. The filing reports three items. Assets under management of the PGIM segment were $1.47 trilliona as of December 31, 2025.
PGIM's other related revenues, net of related expenses, were approximately $55 millionb for the quarter on an adjusted operating income basis. These revenues include incentive fees, transaction fees, and revenues from seed and co-investments and mortgage originations. The most notable item for investors is in the General Account.
Alternative investment income of the General Account portfolio, excluding the Closed Block Division and Funds Withheld portfolios, is estimated to be approximately $5 million to $25 millionc below the company's near-term expectations for the quarter. The filing notes that adjusted operating income is a non-GAAP segment measure used by the company's chief operating decision maker, and it defines the measure in a footnote.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.47 trillion as of December 31, 2025.
- PGIM other related revenues, net of related expenses, were approximately $55 million for Q4 2025 on an adjusted operating income basis.
- General Account alternative investment income for Q4 2025 is estimated at approximately $5 million to $25 million below the company's near-term expectations.
- The figures are preliminary and unaudited, and the company has not completed its financial closing procedures for the quarter.
- Full quarterly earnings results and financial supplement are scheduled for release on February 3, 2026.
- The filing cautions that actual fourth-quarter results could be materially different from these preliminary figures.
03—Questions
Frequently Asked Questions
What is the main negative item disclosed in this filing?
The company estimates that alternative investment income of its General Account portfolio, excluding the Closed Block Division and Funds Withheld portfolios, for the quarter ended December 31, 2025, is approximately $5 million to $25 million below its near-term expectations.
How large is PGIM's asset base?
PGIM's assets under management were $1.47 trillion as of December 31, 2025.
What does PGIM's 'other related revenues' include?
According to the filing, other related revenues include incentive fees, transaction fees, and revenues from seed and co-investments and mortgage originations. For the quarter ended December 31, 2025, these were approximately $55 million, net of related expenses, on an adjusted operating income basis.
Are these preliminary results final?
No. The company states the information is estimated and unaudited, prepared in good faith on a basis consistent with prior periods, and that its financial closing procedures for the quarter are not complete. Actual results could be materially different.
When will complete fourth-quarter results be available?
The company's quarterly earnings release and quarterly financial supplement for the period are scheduled for release on February 3, 2026.
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