01—Abstract
Summary
Summary of the 8-K filed July 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. filed this Form 8-K under Items 2.02 and 7.01 to furnish preliminary financial information for the quarter ended June 30, 2026, ahead of its quarterly earnings release and financial supplement, scheduled for August 4, 2026.
The company reports that assets under management of its PGIM segment were $1.49 trilliona as of June 30, 2026, and that PGIM's other related revenues, net of related expenses, were approximately $60 million on an adjusted operating income (AOI) basis for the quarter. The filing also flags a headwind in alternative investment income: for the quarter, the General Account portfolio (excluding the Closed Block Division and Funds Withheld portfolios) is estimated to come in approximately $20 to $40 million below the company's near-term expectations. Separately, following its annual second-quarter review of assumptions, Prudential expects to update its actuarial assumptions and make other refinements, with one-time AOI impacts recorded in the June 30, 2026 quarter.
The largest item is a $90 millionb negative impact in Retirement, partially offset by positive impacts of $80 million in International Businesses, $30 million in Group Insurance, $30 million in Individual Life, and $15 million in U.S. Legacy Products. The company states it does not expect material ongoing AOI impacts from these updates.
The preliminary figures are unaudited, and the company has not completed its financial closing procedures, so actual results could differ materially. Investors should treat these as early estimates and await the full second-quarter release for final results.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.49 trillion as of June 30, 2026.
- PGIM other related revenues, net of related expenses, were approximately $60 million on an AOI basis for the quarter ended June 30, 2026.
- General Account alternative investment income for Q2 2026 is estimated to be approximately $20 to $40 million below near-term expectations.
- Annual actuarial assumption review and refinements produce a one-time AOI impact in Q2 2026: Retirement $(90) million; International Businesses $80 million; Group Insurance $30 million; Individual Life $30 million; U.S. Legacy Products $15 million.
- The company does not expect material ongoing AOI impacts from the assumption update and refinements.
- Preliminary Q2 2026 figures are unaudited and subject to completion of financial closing procedures, so actual results could differ materially.
- Full quarterly earnings release and financial supplement are scheduled for August 4, 2026.
03—Questions
Frequently Asked Questions
What is the size of PGIM's assets under management?
As of June 30, 2026, assets under management of the PGIM segment were $1.49 trillion.
Why is alternative investment income expected to be lower this quarter?
For the quarter ended June 30, 2026, alternative investment income of the General Account portfolio (excluding the Closed Block Division and Funds Withheld portfolios) is estimated to be approximately $20 to $40 million below the company's near-term expectations. The filing defines this income as AOI from the GA Portfolio's interests in private equity, hedge fund and real estate-related investments, plus directly owned real estate.
What is the net effect of the actuarial assumption update on AOI?
The filing lists one-time AOI impacts by segment: Retirement $(90) million, International Businesses $80 million, Group Insurance $30 million, Individual Life $30 million, and U.S. Legacy Products $15 million. Taken together, these items are recorded in the June 30, 2026 quarter, and the company states it does not expect material ongoing AOI impacts.
How reliable are these preliminary second-quarter figures?
The figures are estimated and unaudited, prepared in good faith on a basis consistent with prior periods. The company has not completed its financial closing procedures, and actual results could be materially different.
When will Prudential release complete second-quarter results?
The company's quarterly earnings release and quarterly financial supplement for the quarter ended June 30, 2026 are scheduled for release on August 4, 2026.
04—Continue