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PRUDENTIAL FINANCIAL INC (PRU)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| International Insurance | 21,915.0 | 21,576.0 | 20,936.0 | 20,058.0 | 21,560.0 | 21,009.0 | 19,364.0 | 20,066.0 |
| Closed Block | 5,947.0 | 4,766.0 | 5,642.0 | 4,678.0 | 5,826.0 | 5,669.0 | 6,160.0 | 6,906.0 |
| Other | 43,072.0 | 30,691.0 | 38,229.0 | 38,256.0 | 32,303.0 | 32,101.0 | 31,595.0 | 27,133.0 |
| Total revenues | 70,934.0 | 57,033.0 | 64,807.0 | 62,992.0 | 59,689.0 | 58,779.0 | 57,119.0 | 54,105.0 |
| Revenue growth | 24.4% | -12.0% | 2.9% | 5.5% | 1.5% | 2.9% | 5.6% | 30.5% |
| Loss and loss adjustment expenses | 38,458.0 | 35,059.0 | 36,820.0 | 39,404.0 | 33,794.0 | 33,632.0 | 30,627.0 | 31,587.0 |
| Policy acquisition costs | 2,097.0 | 2,221.0 | 2,332.0 | 2,273.0 | 1,580.0 | 1,877.0 | 2,120.0 | 1,973.0 |
| Investment expenses | 659.0 | 736.0 | 992.0 | 906.0 | 763.0 | 706.0 | 909.0 | |
| Other operating expenses | 20,339.0 | 19,340.0 | 19,578.0 | 15,575.0 | 17,065.0 | 16,859.0 | 15,694.0 | 18,786.0 |
| General and administrative | 13,582.0 | 13,913.0 | 13,416.0 | 11,949.0 | 11,915.0 | 11,779.0 | 10,912.0 | 11,807.0 |
| Equity in earnings | 87.0 | 96.0 | 100.0 | 76.0 | 49.0 | 49.0 | 15.0 | 16.0 |
| EBITDA | 10,479.0 | -32.0 | 5,382.0 | 4,829.0 | 6,604.0 | 5,792.0 | 7,490.0 | 1,987.0 |
| EBITDA margin | 14.8% | -0.1% | 8.3% | 7.7% | 11.1% | 9.9% | 13.1% | 3.7% |
| Depreciation | 204.0 | 457.0 | 460.0 | 161.0 | 222.0 | 318.0 | 113.0 | 631.0 |
| EBIT | 10,275.0 | -489.0 | 4,922.0 | 4,668.0 | 6,382.0 | 5,474.0 | 7,377.0 | 1,356.0 |
| EBIT margin | 14.5% | -0.9% | 7.6% | 7.4% | 10.7% | 9.3% | 12.9% | 2.5% |
| Interest and other income (expense), net | 4,658.0 | 1,710.0 | 1,235.0 | 660.0 | | | | |
| Other income (expense), net | 166.0 | 166.0 | 163.0 | 166.0 | 105.0 | 231.0 | 392.0 | 403.0 |
| Pre-tax income | 9,381.0 | -323.0 | 5,085.0 | 4,834.0 | 6,487.0 | 5,705.0 | 7,769.0 | 1,759.0 |
| Income taxes | 1,674.0 | -81.0 | 947.0 | 822.0 | -1,438.0 | 1,335.0 | 2,072.0 | 349.0 |
| Tax rate | 17.8% | 25.1% | 18.6% | 17.0% | | 23.4% | 26.7% | 19.8% |
| Minority interest | 70.0 | 228.0 | 52.0 | 14.0 | 111.0 | 51.0 | 70.0 | 57.0 |
| Earnings from continuing ops | 7,724.0 | -374.0 | 4,186.0 | 4,074.0 | 7,863.0 | 4,368.0 | 5,642.0 | 1,369.0 |
| Earnings from discontinued ops | | | | | | | | 12.0 |
| Net income | 7,724.0 | -374.0 | 4,186.0 | 4,074.0 | 7,863.0 | 4,368.0 | 5,642.0 | 1,381.0 |
| Net margin | 10.9% | -0.7% | 6.5% | 6.5% | 13.2% | 7.4% | 9.9% | 2.6% |
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| Basic EPS | $19.95 | ($0.94) | $10.34 | $9.76 | $18.41 | $9.97 | $12.49 | $3.22 |
| Diluted EPS | $19.80 | ($0.94) | $10.19 | $9.56 | $18.03 | $9.78 | $12.25 | $3.20 |
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| Shares outstanding (basic) | 387.2 | 395.8 | 404.8 | 417.6 | 427.0 | 438.2 | 451.7 | 424.9 |
| Shares outstanding (diluted) | 390.1 | 395.8 | 410.9 | 426.2 | 436.0 | 446.6 | 460.4 | 427.6 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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