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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES                      
Premiums (includes 2023-$323, 2022- $(377) and 2021-$(249) of gains (losses) from changes in estimates on deferred profit liability amortization [1]                 $ 27,364 $ 36,475 [2] $ 33,950 [2]
Policy charges and fee income                 4,527 4,615 [2] 5,433 [2]
Net investment income                 17,865 16,037 18,287
Asset management and service fees [1]                 3,717 4,062 4,901
Other Income [1]                 4,065 608 [2] 2,964 [2]
Realized investment gains (losses), net [1]                 (3,615) [3] (4,507) [2],[4] 2,115 [2],[4]
Change in value of market risk benefits, net of related hedging gains (losses)                 56 (409) [2],[4] 3,597 [2],[4]
Total revenues $ 15,084 $ 8,352 $ 13,498 $ 17,045 $ 13,433 $ 20,201 $ 11,392 $ 11,855 53,979 56,881 71,247
BENEFITS AND EXPENSES                      
Policyholders’ benefits [1]                 30,931 40,816 [2] 37,991 [2]
Change in estimates of liability for future policy benefits [1]                 337 654 [2] (35) [2]
Interest credits to policyholders' account balances                 3,983 2,193 [2] 3,431 [2]
Dividends to policyholders                 1,069 198 2,874
Amortization of deferred policy acquisition costs                 1,459 1,433 [2] 1,482 [2]
Goodwill impairment                 177 903 1,060
General and administrative expenses [1]                 12,951 12,576 [2] 13,609 [2]
Total benefits and expenses 13,422 9,410 12,877 15,198 13,473 20,327 12,460 12,513 50,907 58,773 60,412
Income (loss) before income taxes and equity in earnings of operating joint ventures                 3,072 (1,892) 10,835
Total income tax expense (benefit)                 613 (279) [2] 1,995 [2]
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES                 2,459 (1,613) 8,840
Equity in earnings of operating joint ventures, net of taxes                 49 (62) 98
NET INCOME (LOSS) 1,326 (791) 496 1,477 (44) (108) (1,017) (506) 2,508 (1,675) [4] 8,938 [4]
Less: Income (loss) attributable to noncontrolling interests 9 11 (15) 15 8 (16) (7) (13) 20 (28) 70
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ 1,317 $ (802) $ 511 $ 1,462 $ (52) $ (92) $ (1,010) $ (493) $ 2,488 $ (1,647) $ 8,868
Basic earnings per share-Common Stock:                      
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 3.62 $ (2.23) $ 1.38 $ 3.94 $ (0.16) $ (0.26) $ (2.71) $ (1.33) $ 6.76 $ (4.49) $ 22.56
Diluted earnings per share-Common Stock:                      
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share) $ 3.61 $ (2.23) $ 1.38 $ 3.93 $ (0.16) $ (0.26) $ (2.71) $ (1.33) $ 6.74 $ (4.49) $ 22.40
[1] See Note 24 for additional information regarding related party transactions.
[2] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[3] See Note 24 for additional information regarding related party transactions.
[4] Prior period amounts adjusted for the adoption of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.