Prudential Financial Discloses Preliminary Q1 2025 Data and Organizational Updates

PGIM Segment AUM at $1.39 Trillion; Alternative Investment Income Trails Expectations

Newark, NJ – April 14, 2025 – Prudential Financial, Inc. (NYSE: PRU) has released selected preliminary financial metrics ahead of its official earnings report for the quarter ended March 31, 2025, which is scheduled for April 30. The company also announced structural updates to its International Businesses segment and revised internal expense allocations.

As of March 31, 2025, assets under management (AUM) for the PGIM investment segment totaled $1.39 trillion. PGIM’s other related revenues, net of related expenses and including transaction fees, incentive fees, and mortgage originations, reached approximately $20 million on an adjusted operating income basis.

Meanwhile, alternative investment income in Prudential’s General Account (excluding certain portfolios) is projected to be $85 million to $105 million below near-term expectations, primarily due to underperformance in private equity, hedge funds, and real estate investments.

The company emphasized that these numbers are unaudited and subject to change upon finalization of its quarterly closing procedures.

In addition to financial data, Prudential revealed that its International Businesses segment is now reported as a single operating and reportable unit, consolidating the previously separate Life Planner and Gibraltar Life and Other segments. This change reflects how the company’s CEO will evaluate performance going forward.

Also effective January 1, 2025, Prudential updated its internal expense allocations following an annual review. This adjustment affects segment-level operating income but does not impact consolidated results. The projected impact for the full year includes:

Institutional Retirement Strategies: –$50 million

Individual Life: –$20 million

International Businesses: –$20 million

Corporate & Other: +$90 million, resulting in a projected full-year loss of approximately $1.7 billion for this segment