Prudential Financial, Inc.

NYSE-PRU

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	1,832	2,846	2,508	-1,675	8,938	-146	4,238	4,088	7,974	4,419	5,712
Net Income
Depreciation & Amortization	333	383	-70	117	206	457	460	161	222	318	113
Depreciation and Amortization
Other Adjustments	4,204	5,685	5,030	6,910	-7,289	1,146	3,423	-166	578	-1,162	-2,183
Realized Investment Gains, Net
Change in Value of Market Risk Benefits, Net of Related Hedging Gains
Policy Charges and Fee Income
Interest Credited to Policyholders' Account Balances
Goodwill Impairment
Gains on Assets Supporting Experience-Rated Contractholder Liabilities, Net
Gain on Sale of Joint Venture in Wachovia Securities
Income Taxes
Derivatives, Net
Other, Net
Changes in Reinsurance Contract Assets	-3,195	-2,731	-683	-868	—	—	—	—	—	—	—
Reinsurance Related-Balances
Changes in Deferred Acquisition Costs	-1,254	-1,111	-869	-722	-1,043	-542	-634	-597	-1,240	-968	-533
Deferred Policy Acquisition Costs
Changes in Claims Reserves	1,241	4,803	5,489	6,132	8,741	10,817	10,992	16,481	10,940	10,584	8,311
Future Policy Benefits and Other Insurance Liabilities
Changes in Income Taxes Payable	—	-146	-442	-1,594	259	-424	-339	49	-1,619	618	1,217
Income Taxes
Changes in Other Operating Activities	—	-1,227	-4,453	-3,142	—	-2,940	1,485	1,648	-3,395	1,067	1,305
Trading Account Assets Supporting Insurance Liabilities and Other Trading Account Assets
Other, Net
Derivatives, Net
Other, Net
Other Trading Account Assets
Cash from Operating Activities	2,083	8,502	6,510	5,158	9,812	8,368	19,625	21,664	13,460	14,876	13,942
Cash Flows from Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Purchases of Investments	-132,236	-140,250	-102,164	-123,450	-143,280	-152,551	-135,323	-157,190	-153,498	-162,204	-160,070
Fixed Maturities, Available-for-Sale
Trading Account Assets Supporting Insurance Liabilities and Other Trading Account Assets
Fixed Maturities, Held-to-Maturity
Fixed Maturities, Trading
Assets Supporting Experience-Rated Contractholder Liabilities
Equity Securities
Commercial Mortgage and Other Loans
Policy Loans
Other Invested Assets
Short-Term Investments
Proceeds from Sale of Investments	108,174	112,411	92,047	117,369	138,831	133,879	119,440	135,724	142,719	141,084	152,165
Fixed Maturities, Available-for-Sale
Fixed Maturities, Held-to-Maturity
Trading Account Assets Supporting Insurance Liabilities and Other Trading Account Assets
Equity Securities, Available for Sale
Equity Securities, Available-for-Sale
Fixed Maturities, Trading
Assets Supporting Experience-Rated Contractholder Liabilities
Equity Securities
Commercial Mortgage and Other Loans
Policy Loans
Other Invested Assets
Short-Term Investments
Payments for Business Acquisitions	—	—	—	—	—	—	-1,755	—	-64	314	—
Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	422	132	1,454	—	—	—	—	—
Proceeds from Sale of Joint Venture in Wachovia Securities
Dispositions, Net of Cash Disposed
Other Investing Activities	-232	-746	-2,005	-4,050	1,046	1,008	610	-162	-1,114	-888	159
Derivatives, Net
Other, Net
Net Change in Cash Balances Classified as Held-for-Sale
Cash from Investing Activities	-24,294	-28,585	-12,122	-7,638	-5,342	-16,210	-17,028	-21,628	-11,957	-21,694	-7,746
Cash Flows from Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	-583	10	-214	297	-21	-181	199	38	292	68
Net Change in Financing Arrangements (Maturities 90 Days or Less)
Net Issuance / (Repayments) of Short-Term Debt	—	-583	10	-214	297	-21	-181	199	38	292	68
Issuance of Long-Term Debt	2,621	2,859	2,076	2,843	268	3,013	3,964	2,934	1,225	2,742	5,166
Proceeds from the Issuance of Debt (Maturities Longer Than 90 Days)
Proceeds from Notes Issued by Consolidated VIEs
Repayments of Long-Term Debt	-1,258	-1,431	-2,378	-1,184	-2,072	-2,762	-2,067	-1,810	-1,827	-2,753	-4,957
Repayments of Debt (Maturities Longer Than 90 Days)
Repayments of Notes Issued by Consolidated VIEs
Net Issuance / (Repayments) of Long-Term Debt	1,363	1,428	-302	1,659	-1,804	251	1,897	1,124	-602	-11	209
Issuance of Common Shares	165	201	126	163	200	153	133	132	246	426	209
Common Stock Issued for Exercise of Stock Options
Common Stock Reissued for Exercise of Stock Options
Repurchases of Common Shares	-1,003	-1,000	-1,012	-3,488	-2,500	-500	-2,500	-1,500	-1,250	-2,119	-1,664
Common Stock Acquired
Class B Stock Acquired
Net Issuance / (Repurchases) of Common Shares	-838	-799	-886	-3,325	-2,300	-347	-2,367	-1,368	-1,004	-1,693	-1,455
Common Share Dividends Paid	-1,908	-1,891	-1,846	-1,817	-1,814	-1,766	-1,641	-1,521	-1,296	-1,300	-1,117
Cash Dividends Paid on Common Stock
Cash Dividends Paid on Class B Stock
Other Financing Activities	23,427	21,239	10,703	6,630	2,246	6,766	658	2,347	1,606	5,913	-1,276
Policyholders' Account Deposits
Policyholders' Account Withdrawals
Net Change in Securities Sold Under Agreements to Repurchase and Cash Collateral for Loaned Securities
Excess Tax Benefits from Share-Based Payment Arrangements
Other, Net
Cash from Financing Activities	21,497	19,394	7,739	4,933	-3,011	4,883	-1,634	781	-1,258	3,201	-3,571
Cash Flows from Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	—	8,502	6,510	5,158	9,812	8,368	19,625	21,664	13,460	14,876	13,942
NOPAT	—	2,723.8	2,466.6	-1,621.9	8,857.9	-207.7	4,156.3	4,024.7	7,481.5	2,194.4	1,680.3
Levered Free Cash Flow	—	-1,260	-4,321	-6,411	6,783	-3,593	6,874	6,658	1,267	5,684	8,021
Unlevered Free Cash Flow	—	-2,108.2	-4,050.4	-7,830.9	8,279.9	-3,656.7	5,128.3	5,285.7	1,449.5	3,229.4	3,782.3
Net Change in Cash	—	-689	2,127	2,453	1,459	-2,959	963	817	245	-3,617	2,625