PRUDENTIAL FINANCIAL INC FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 13, 2023 Newswires
Share
Share
Post
Email

PRUDENTIAL FINANCIAL INC FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

Edgar Glimpses

Item 7.01 Regulation FD Disclosure.


Effective January 1, 2023, Prudential Financial, Inc. (the "Company") adopted
Accounting Standards Update 2018-12, Financial Services-Insurance (Topic 944):
Targeted Improvements to the Accounting for Long-Duration Contracts ("ASU
2018-12" or "LDTI"), which provides new authoritative guidance impacting the
accounting and disclosure requirements for long-duration insurance and
investment contracts issued by the Company. The Company adopted this guidance
using the modified retrospective transition method, where permitted, for changes
to the liability for future policy benefits and deferred policy acquisition
costs and related balances, and the retrospective transition method, as
required, for market risk benefits. The Company applied this guidance as of the
transition date of January 1, 2021, and retrospectively adjusted prior period
amounts for years 2021 and 2022 to reflect the new guidance.

The Company furnishes herewith, as Exhibit 99.1, an updated Quarterly Financial
Supplement (unaudited) for fourth quarter 2022 to provide investors with
additional information regarding the expected impacts of adopting LDTI. The
updates made for the adoption of ASU 2018-12 are highlighted in yellow
throughout.


The unaudited supplemental financial information included in Exhibit 99.1 has
been prepared by, and is the responsibility of, the Company's management. This
information is preliminary, unaudited and subject to change based on the
completion of ongoing internal control, review and audit procedures. Investors
should therefore not place undue reliance on this unaudited supplemental
financial information. This information should be read together with the
consolidated financial statements and the related notes thereto and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" included in the Company's Annual Report on Form 10-K, filed on
February 16, 2023, and the Company's other filings with the SEC. The Company
undertakes no obligation to update or revise these amounts as a result of new
information or otherwise, except as required by law.

Additional materials related to the impact of the adoption of LDTI are available
on the Company's Investor Relations website. Investors and others should note
that the Company routinely uses its Investor Relations website to post
presentations to investors and other important information, including
information that may be deemed material to investors. Accordingly, the Company
encourages investors and others interested in the Company to review the
information that it shares at www.investor.prudential.com. Interested parties
may register to receive automatic email alerts when presentations and other
information are posted to the Investor Relations website by clicking on
"Subscribe to Email Alerts" at www.investor.prudential.com and following the
instructions provided.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit No.          Description

     99.1                Quarterly Financial Supplement     (unaudited)    

for Prudential Financial,

                       Inc. for fourth quarter 2022 (furnished and not 

filed).

      104              Cover Page Interactive Data File (embedded within the Inline XBRL document).



--------------------------------------------------------------------------------

Older

Careington Announces New Facility for Expansion of Printing and Fulfillment Solutions

Newer

Consolidated Financial Statements – Form 8-K

Advisor News

  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
  • What advisors must know about accessible client documents
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • DELAWARE ANNOUNCES 2027 MARKETPLACE HEALTH INSURANCE RATES
  • PA GOP'S COST-RAISING AGENDA FORCED MORE THAN 190,000 PENNSYLVANIANS OFF THEIR HEALTHCARE COVERAGE
  • Medicare for All is back on the political front burner. A Democratic majority could pass it
  • Louisiana ends Healthy Blue Medicaid deal affecting 290,000 people
  • BJC-Anthem deal still pending ahead of anticipated spike in healthcare costs
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
  • Life insurance loans: what to do when a client shows interest in one
  • Do You Qualify for Any of September's Class Action Settlements?
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.