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June 24, 2024 Newswires

First Quarter 2024 Quarterly Financial Supplement PDF

U.S. Markets via PUBT

Table of Contents

Exhibit 99.2

Prudential Financial, Inc. (PRU)

Quarterly Financial Supplement

First Quarter 2024

Reference is made to Prudential Financial, Inc.'s (PFI) filings with the Securities and Exchange Commission for general information and consolidated financial information. All financial information in this document is unaudited.

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

TABLE OF CONTENTS
	Page
HIGHLIGHTS
Financial Metrics Summary	1
Financial Highlights	2
Other Financial Highlights	3
Operations Highlights	4
Combined Statements of Operations	5
Consolidated Balance Sheets	6
Combining Balance Sheets	7
Short-Term and Long-Term Debt - Unaffiliated	8
PGIM
Statements of Operations	9
Supplementary Revenue and Assets Under Management Information	10
Supplementary Assets Under Management Information	11
U.S.BUSINESSES
Combined Statements of Operations	12
Combined Statements of Operations - Retirement Strategies	13
Statements of Operations - Institutional Retirement Strategies	14
Institutional Retirement Strategies Sales Results and Account Values	15
Statements of Operations - Individual Retirement Strategies	16
Individual Retirement Strategies Sales Results and Account Values	17
Individual Retirement Strategies Account Value Activity	18
Individual Retirement Strategies Market Risk Benefit Features	19
Statements of Operations - Group Insurance	20
Group Insurance Supplementary Information	21
Statements of Operations - Individual Life	22
Individual Life Supplementary Information	23
INTERNATIONAL BUSINESSES
Combined Statements of Operations	24
Statements of Operations - Life Planner	25
Statements of Operations - Gibraltar Life and Other	26
Sales Results and Supplementary Information	27
CORPORATE AND OTHER
Statements of Operations	29
INVESTMENT PORTFOLIO
Investment Portfolio Composition	30
Investment Portfolio Composition - Japanese Insurance Operations and Excluding Japanese Insurance Operations	31
Investment Results	32
Investment Results - Japanese Insurance Operations	33
Investment Results - Excluding Japanese Insurance Operations	34
COMBINED STATEMENTS OF OPERATIONS - AOI TO U.S. GAAP RECONCILIATION OF REVENUES AND BENEFITS AND EXPENSES	35
KEY DEFINITIONS AND FORMULAS	38
RATINGS AND INVESTOR INFORMATION	41

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

As of March 31, 2024, based on management's commitment to a plan to exit the Assurance IQ ("AIQ") operations, AIQ has been classified as a Divested and Run-off Business within Corporate and Other operations. AIQ's results for the three months ended March 31, 2024 have been excluded from adjusted operating income and historical results have been updated to conform to the current period presentation.

iii

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

FINANCIAL METRICS SUMMARY

(in millions, except per share and retuon equity data)

Earnings

Adjusted operating income (loss) before income taxes:

PGIM

U.S. Businesses

International Businesses

Corporate and Other

Total adjusted operating income before income taxes

Income taxes, applicable to adjusted operating income

After-tax adjusted operating income

Income (loss) attributable to Prudential Financial, Inc.

Retuon Equity

Operating Retuon Average Equity (based on adjusted operating income) (1) Retuon Average Equity (based on net income (loss))

Distributions to Shareholders

Dividends paid

Share repurchases

Total capital returned

Per Share Data

Net income (loss) - diluted (2)

Adjusted Operating Income - diluted

Shareholder dividends

GAAP book value - diluted

Adjusted book value - diluted (3)

Shares Outstanding

Weighted average number of common shares - basic

Weighted average number of common shares - diluted

End of period common shares - basic

End of period common shares - diluted

__________

2023

1Q	2Q	3Q	4Q

151			179	211	172
760			956	1,088	988
840			784	811	748
(471)			(472)	(438)	(653)
1,280			1,447	1,672	1,255
276			305	340	309
1,004			1,142	1,332	946

1,462			511	(802)	1,317
11.3%			12.8%	15.2%	10.9%
18.9%			6.8%	-11.8%	19.6%
468			463	461	458
250			250	250	250
718			713	711	708
3.93			1.38	(2.23)	3.61
2.70			3.09	3.62	2.59
1.25			1.25	1.25	1.25
85.33			77.65	70.82	76.77
97.29			97.38	94.19	96.64
366.5			364.8	362.6	360.3
367.7			366.1	363.8	361.0
365.9			363.4	361.3	359.2
367.8			366.2	364.5	362.4

2024

169

839

896

(435)

1,469

328

1,141

1,138

13.0%

16.5%

476

250

726

3.12

1.30

75.00

97.03

359.0

360.5

359.1

362.8

Year-to-date

2023	2024		% change
151	169	12%
760	839	10%
840	896	7%
(471)	(435)	8%
1,280	1,469	15%
276	328	19%
1,004	1,141	14%

1,462	1,138	-22%
11.3%	13.0 %
18.9%	16.5 %
468	476	2%
250	250		-%
718	726	1%
3.93	3.12	-21%
2.70	3.12	16%
1.25	1.30	4%

366.5	359.0	-2%
367.7	360.5	-2%

Operating Retuon Average Equity (based on adjusted operating income) is a non-GAAP measure and represents adjusted operating income after-tax, annualized for interim periods, divided by average Prudential Financial, Inc. equity excluding accumulated other comprehensive income, adjusted to remove amounts included for foreign currency exchange rate remeasurement and the cumulative change in fair value of funds withheld embedded derivatives as described on page 3.
For the three months ended September 30, 2023 weighted average shares for basic earnings per share is used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended September 30, 2023 all potential stock options and compensation programs were considered antidilutive.
Adjusted book value is calculated as total equity (GAAP book value) excluding accumulated other comprehensive income (loss), the cumulative effect of foreign currency exchange rate remeasurements and currency translation adjustments corresponding to realized investment gains and losses, and the cumulative change in fair value of funds withheld and modified coinsurance embedded derivatives as described on page 3.

Page 1

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

FINANCIAL HIGHLIGHTS

(in millions, except per share data)

Earnings per share of Common Stock (diluted):

After-tax adjusted operating income

Reconciling items:

Realized investment gains (losses), net, and related charges and adjustments

Change in value of market risk benefits, net of related hedging gains (losses)

Market experience updates

Divested and Run-off Businesses:

Closed Block division

Other Divested and Run-off Businesses

Difference in earnings allocated to participating unvested share-based payment awards

Other adjustments (1)

Total reconciling items, before income taxes

Income taxes, not applicable to adjusted operating income

Total reconciling items, after income taxes

Net income (loss) attributable to Prudential Financial, Inc.

Weighted average number of outstanding common shares - basic

Weighted average number of outstanding common shares - diluted

For earnings per share of Common Stock calculation:

Net income (loss) attributable to Prudential Financial, Inc.

Less: Earnings allocated to participating unvested share-based payment awards

Net income (loss) attributable to Prudential Financial, Inc. for earnings per share of Common Stock calculation

After-tax adjusted operating income

Less: Earnings allocated to participating unvested share-based payment awards

After-tax adjusted operating income for earnings per share of Common Stock calculation

___________

	2023						2024
1Q			2Q			3Q		4Q		1Q

2.70			3.09			3.62		2.59			3.12
1.00		(2.07)			(6.85)	0.87			(0.27)
0.20		0.04			(0.69)	0.60			0.34
0.13		(0.01)			0.39	(0.22)			(0.09)
(0.01)		(0.13)			0.01	(0.14)			(0.01)
0.25			-	(0.31)	0.12			(0.10)
(0.01)		0.02			0.03	(0.01)			-
(0.02)			(0.02)			(0.02)		(0.03)			(0.02)
1.54		(2.17)			(7.44)	1.19			(0.15)
0.31			(0.46)			(1.59)		0.17			(0.15)
1.23			(1.71)			(5.85)		1.02			-
3.93			1.38			(2.23)		3.61			3.12

366.5		364.8			362.6	360.3			359.0
367.7		366.1			363.8	361.0			360.5
1,462		511			(802)	1,317			1,138
18			6			5		14			15
1,444			505			(807)		1,303			1,123

1,004		1,142			1,332	946			1,141
13			12			15		11			16
991		1,130			1,317	935			1,125

Year-to-date

2023 2024

2.70 3.12

1.00 (0.27)

0.20 0.34

0.13 (0.09)

(0.01) (0.01)

(0.10)

(0.01) -

(0.02) (0.02)

(0.15)

(0.15)

3.12

359.0

360.5

1,462 1,138

18 15

1,444 1,123

1,004 1,141

1,125

Represents adjustments not included in the above reconciling items, including certain components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service periods.

Page 2

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

OTHER FINANCIAL HIGHLIGHTS (in millions, except per share data)

Capitalization Data (1):

Senior debt:

Short-term debt

Long-term debt

Junior subordinated long-term debt

Prudential Financial, Inc. Equity:

GAAP book value (total PFI equity) at end of period Less: Accumulated other comprehensive income (AOCI) GAAP book value excluding AOCI (2)

Less: Cumulative change in fair value of funds withheld embedded derivatives (3)

Less: Cumulative effect of foreign exchange rate remeasurement and currency translation adjustments corresponding to realized gains (losses) (4)

Adjusted book value

Book Value per Share of Common Stock:

GAAP book value per common share - diluted

GAAP book value excluding AOCI per share - diluted (2)

Adjusted book value per common share - diluted

End of period number of common shares - diluted

Common Stock Price Range (based on closing price):

High

Low

Common Stock market capitalization (1)

__________

			2023					2024
1Q	2Q	3Q	4Q	1Q

705			763		615		618		585
10,860			10,787		10,787		10,788		10,786
9,591			8,089		8,090		8,094		8,582
31,385			28,434		25,814		27,820		27,209
(3,825)			(6,649)		(7,831)		(6,504)		(7,661)
35,210			35,083		33,645		34,324		34,870
-		-	-	(181)		14
(575)			(578)		(687)		(518)		(345)
35,785			35,661		34,332		35,023		35,201

85.33			77.65		70.82		76.77		75.00
95.73			95.80		92.30		94.71		96.11
97.29			97.38		94.19		96.64		97.03
367.8			366.2		364.5		362.4		362.8
104.94			88.22		99.14		105.21		117.40
77.23			78.04		88.66		88.61		101.84
82.74			88.22		94.89		103.71		117.40
30,275			32,059		34,284		37,253		42,158

As of end of period.
Foreign currency translation adjustments and the cumulative impact of foreign currency exchange rate remeasurement, except for those items remeasured through net income (loss), are a component of accumulated other comprehensive income.
Amount represents the cumulative change in fair value of funds withheld embedded derivatives related to unrealized gains and losses on available-for-sale securities and certain derivatives associated with customer liabilities reinsured under coinsurance with funds withheld and modified coinsurance arrangements.
Includes the cumulative impact of net gains and losses resulting from foreign currency exchange rate remeasurement and associated realized investment gains and losses included in net income (loss) and currency translation adjustments corresponding to realized investment gains and losses.

Page 3

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

OPERATIONS HIGHLIGHTS

Assets Under Management and Administration (in billions) (1)(2):

PGIM:

Institutional customers

Retail customers

General account

Total PGIM

U.S. Businesses

International Businesses

Corporate and Other

Total assets under management

Assets under administration

Total assets under management and administration

Distribution Representatives (1):

Prudential Advisors

International Life Planners

Gibraltar Life Consultants

__________

As of end of period.
At fair market value.

Page 4

			2023				2024
1Q		2Q			3Q		4Q		1Q

561.2		556.7	547.6	582.6	616.6
314.4		324.1	312.5	330.3	345.4
	394.2			385.0	358.5	385.2	379.4
1,269.8		1,265.8	1,218.6	1,298.1	1,341.4
123.0		123.6	116.5	123.9	126.3
15.3		15.7	16.4	17.9	18.2
	8.9			9.5	9.8	9.7	10.4
1,417.0		1,414.6	1,361.3	1,449.6	1,496.3
	158.6			166.6	164.7	181.5	182.6
	1,575.6			1,581.2	1,526.0	1,631.1	1,678.9

2,627		2,638	2,681	2,660	2,752
5,978		5,806	5,917	5,856	5,855
6,689		6,648	6,736	6,808	6,792

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

COMBINED STATEMENTS OF OPERATIONS

(in millions)

Revenues (1):

Premiums

Policy charges and fee income

Net investment income

Asset management fees, commissions and other income

Total revenues

Benefits and expenses (1):

Insurance and annuity benefits

Change in estimates of liability for future policy benefits

Interest credited to policyholders' account balances

Interest expense

Deferral of acquisition costs

Amortization of acquisition costs

General and administrative expenses

Total benefits and expenses

Adjusted operating income before income taxes

Income taxes, applicable to adjusted operating income

After-tax adjusted operating income

Reconciling items:

Realized investment gains (losses), net, and related charges and adjustments Change in value of market risk benefits, net of related hedging gains (losses) Market experience updates

Divested and Run-off Businesses: Closed Block division

Other Divested and Run-off Businesses

Equity in earnings of joint ventures and other operating entities, and earnings attributable to noncontrolling interests Other adjustments (2)

Total reconciling items, before income taxes

Income taxes, not applicable to adjusted operating income Total reconciling items, after income taxes

Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities Income tax expense (benefit)

Income (loss) before equity in earnings of joint ventures and other operating entities

Equity in earnings of joint ventures and other operating entities, net of taxes and earnings attributable to noncontrolling interests

Income (loss) attributable to Prudential Financial, Inc.

Earnings attributable to noncontrolling interests

Net income (loss)

Less: Income (loss) attributable to noncontrolling interests

Net income (loss) attributable to Prudential Financial, Inc.

__________

2023

1Q	2Q	3Q	4Q

8,833			6,368	3,659	6,364
1,073			1,032	1,060	1,059
3,670			3,813	3,892	3,918
1,406			1,370	1,433	1,525
14,982			12,583	10,044	12,866
9,588			6,931	4,348	7,130
22			159	49	20
756			780	804	836
439			457	419	439
(569)			(546)	(576)	(637)
355			355	351	356
3,111			3,000	2,977	3,467
13,702			11,136	8,372	11,611
1,280			1,447	1,672	1,255
276			305	340	309
1,004			1,142	1,332	946
369			(757)	(2,491)	314
75			16	(251)	216
48			(3)	143	(78)
(4)			(48)	2	(50)
92			(1)	(113)	43
(5)			(26)	(11)	(26)
(8)			(7)	(9)	(12)
567			(826)	(2,730)	407
106			(182)	(591)	50
461			(644)	(2,139)	357
1,847			621	(1,058)	1,662
382			123	(251)	359
1,465			498	(807)	1,303
(3)			13	5	14
1,462			511	(802)	1,317
15			(15)	11	9
1,477			496	(791)	1,326
15			(15)	11	9
1,462			511	(802)	1,317

2024

15,006

1,056

4,120

1,517

21,699

15,774

861

529

(647)

362

3,336

20,230

1,469

328

1,141

(97)

123

(32)

(3)

(35)

(27)

(8)

(79)

(39)

(40)

1,390

289

1,101

1,138

1,151

1,138

Year-to-date

2023	2024		% change
8,833	15,006	70%
1,073	1,056	-2%
3,670	4,120	12%
1,406	1,517	8%
14,982	21,699	45%
9,588	15,774	65%
22	15	-32%
756	861	14%
439	529	21%
(569)	(647)	-14%
355	362	2%
3,111	3,336	7%
13,702	20,230	48%
1,280	1,469	15%
276	328	19%
1,004	1,141	14%
369	(97)	-126%
75	123	64%
48	(32)	-167%
(4)	(3)	25%
92	(35)	-138%
(5)	(27)	-440%
(8)	(8)		-%
567	(79)	-114%
106	(39)	-137%
461	(40)	-109%
1,847	1,390	-25%
382	289	-24%
1,465	1,101	-25%
(3)	37	1333%
1,462	1,138	-22%
15	13	-13%
1,477	1,151	-22%
15	13	-13%
1,462	1,138	-22%

Revenues exclude realized investment gains, net of losses and related charges and adjustments; investment gains, net of losses, on assets supporting experience-rated contractholder liabilities, change in value of market risk benefits, net of related hedging gains (losses), revenues of Divested and Run-off Businesses, and include revenues representing equity in earnings of joint ventures and other operating entities other than those classified as Divested and Run-off Businesses. Benefits and expenses exclude charges related to realized investment gains, net of losses; change in experience-rated contractholder liabilities due to asset value changes, benefits and expenses of Divested and Run-off Businesses, and certain components of acquisitions, including the Assurance IQ acquisition which are recognized as compensation expense over the requisite service periods and include charges for income attributable to noncontrolling interests. Revenues and Benefits and expenses exclude market experience updates. See pages 35, 36 and 37 for reconciliation.
Represents adjustments not included in the above reconciling items, including certain components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service periods.

Page 5

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

CONSOLIDATED BALANCE SHEETS

(in millions)

Assets:

Investments:

Fixed maturities, available-for-sale, at fair value

Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses Fixed maturities, trading, at fair value

Assets supporting experience-rated contractholder liabilities, at fair value Equity securities, at fair value

Commercial mortgage and other loans Policy loans

Other invested assets Short-term investments Total investments

Cash and cash equivalents Accrued investment income Deferred policy acquisition costs Value of business acquired Market risk benefit assets

Reinsurance recoverables and deposit receivables Income tax assets

Other assets

Separate account assets Total assets

Liabilities:

Future policy benefits

Policyholders' account balances

Market risk benefit liabilities

Reinsurance and funds withheld payables

Securities sold under agreements to repurchase

Cash collateral for loaned securities

Income tax liabilities

Short-term debt

Long-term debt

Other liabilities

Notes issued by consolidated variable interest entities

Separate account liabilities

Total liabilities

Mezzanine Equity:

Redeemable noncontrolling interests

Total mezzanine equity

Equity:

Accumulated other comprehensive loss Other equity (1)

Total Prudential Financial, Inc. equity Noncontrolling interests

Total equity

Total liabilities, mezzanine equity and equity

____________

03/31/2023

320,512

1,277

6,269

2,958

7,573

56,778

10,041

21,491

5,177

432,076

17,425

3,095

20,741

601

976

19,448

12,613

202,294

709,269

273,586

138,139

6,096

6,243

6,617

5,975

517

705

20,451

15,402

415

202,294

676,440

382

(3,825)

35,210

31,385

1,062

32,447

709,269

06/30/2023	09/30/2023	12/31/2023
312,230	295,318	316,321
1,171		-	-
6,349	7,129	9,790
3,019	2,943	3,168
8,359	7,039	8,242
57,689	57,908	59,305
9,983	9,959	10,047
21,473	21,868	22,855
5,059	5,072	5,005
425,332		407,236	434,733
14,652		16,892	19,419
3,142	3,191	3,287
20,320	20,394	20,856
542	514	530
1,951	2,200	1,981
17,322	25,941	27,311
803	1,108	939
12,369	13,136	13,179
200,871	190,642	198,888
697,304		681,254	721,123

268,649	253,551	273,281
138,743	140,788	147,018
5,462	4,660	5,467
6,632	14,199	15,729
6,097	5,547	6,056
5,207	6,067	6,477
-		-	-
763	615	618
18,876	18,877	18,882
15,739	18,155	17,546
402	791	1,374
200,871	190,642	198,888
667,441		653,892	691,336
408	414	524
408		414	524
(6,649)	(7,831)	(6,504)
35,083	33,645	34,324
28,434		25,814	27,820
1,021		1,133	1,443
29,455		26,947	29,263
697,304	681,253	721,123

03/31/2024

318,510

10,288

3,359

7,224

58,781

9,907

24,227

5,953

438,249

18,735

3,361

20,613

484

2,225

27,929

958

13,205

200,064

725,823

272,790

151,810

4,624

15,746

6,563

6,978

585

19,368

16,749

1,132

200,064

696,409

544

(7,661)

34,870

27,209

1,661

28,870

725,823

Includes ($14) million and $181 million of cumulative change in fair value of funds withheld and modified coinsurance embedded derivatives as described on page 3, as of March 31, 2024 and December 31, 2023, respectively.

Page 6

Table of Contents

Prudential Financial, Inc.

Quarterly Financial Supplement

First Quarter 2024

COMBINING BALANCE SHEETS (in millions)

							As of March 31, 2024

	Consolidated PFI		Closed Block			PFI Excluding Closed			PGIM		U.S. Businesses		International	Corporate and Other
Assets:		Division			Block Division					Businesses

Total investments	438,249	49,039		389,210		2,979	192,036	163,720	30,475
Deferred policy acquisition costs	20,613	165		20,448			-	11,622	9,252	(426)
Other assets	66,897	1,436		65,461		4,058	43,013	11,664	6,726
Separate account assets	200,064		-		200,064		30,885	172,366		-	(3,187)
Total assets	725,823		50,640			675,183			37,922		419,037		184,636	33,588
Liabilities:

Future policy benefits	272,790	43,243		229,547			-	113,418	107,201	8,928
Policyholders' account balances	151,810	4,464		147,346			-	90,837	52,055	4,454
Debt	19,953		-		19,953		1,512	7,361	70	11,010
Other liabilities	51,792	4,471		47,321		2,266	22,060	7,660	15,335
Separate account liabilities	200,064		-		200,064		30,885	172,366		-	(3,187)
Total liabilities	696,409		52,178			644,231			34,663		406,042		166,986	36,540
Mezzanine Equity:
Redeemable noncontrolling interests	544		-		544		388		-		-	156
Total mezzanine equity	544		-			544			388		-		-	156
Equity:
Accumulated other comprehensive loss	(7,661)	(150)		(7,511)		(130)	(2,383)	(2,463)	(2,535)
Other equity (1)	34,870	(1,399)		36,269		2,743	15,296	20,083	(1,853)
Total Prudential Financial, Inc. equity	27,209		(1,549)			28,758			2,613		12,913		17,620	(4,388)
Noncontrolling interests	1,661		11			1,650			258		82		30	1,280
Total equity	28,870		(1,538)			30,408			2,871		12,995		17,650	(3,108)
Total liabilities, mezzanine equity and equity	725,823		50,640			675,183			37,922		419,037		184,636	33,588


						As of December 31, 2023

	Consolidated PFI		Closed Block			PFI Excluding Closed			PGIM		U.S. Businesses		International	Corporate and Other
Assets:		Division			Block Division					Businesses

Total investments	434,733	49,336		385,397		4,906	184,264	169,531	26,696
Deferred policy acquisition costs	20,856	168		20,688			-	11,757	9,351	(420)
Other assets	66,646	1,584		65,062		4,511	41,498	12,342	6,711
Separate account assets	198,888		-		198,888		32,647	169,386		-	(3,145)
Total assets	721,123		51,088			670,035			42,064		406,905		191,224	29,842
Liabilities:

Future policy benefits	273,281	43,587		229,694			-	107,007	113,501	9,186
Policyholders' account balances	147,018	4,500		142,518			-	85,983	51,941	4,594
Debt	19,500		-		19,500		1,577	7,360	72	10,491
Other liabilities	52,649	4,539		48,110		3,095	21,668	8,267	15,080
Separate account liabilities	198,888		-		198,888		32,647	169,386		-	(3,145)
Total liabilities	691,336		52,626			638,710			37,319		391,404		173,781	36,206
Mezzanine Equity:
Redeemable noncontrolling interest	524		-		524		524		-		-		-
Total mezzanine equity	524		-			524			524		-		-	-
Equity:
Accumulated other comprehensive loss	(6,504)	(144)		(6,360)		(86)	(1,862)	(1,922)	(2,490)
Other equity (1)	34,324	(1,405)		35,729		2,768	17,281	19,335	(3,655)
Total Prudential Financial, Inc. equity	27,820		(1,549)			29,369			2,682		15,419		17,413	(6,145)
Noncontrolling interests	1,443		11			1,432			1,539		82		30	(219)
Total equity	29,263		(1,538)			30,801			4,221		15,501		17,443	(6,364)
Total liabilities, mezzanine equity and equity	721,123		51,088			670,035			42,064		406,905		191,224	29,842
____________

(1) Corporate and Other includes ($14) million and $181 million of cumulative change in fair value of funds withheld and modified coinsurance embedded derivatives as described on page 3, as of March 31, 2024 and December 31, 2023, respectively.

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Prudential Financial Inc. published this content on 24 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2024 17:31:26 UTC.