Prudential Financial (PRU) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a strong sequential recovery following a decline in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a strong sequential recovery following a decline in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.1B
Revenue reported for this quarter.
Quarter-over-quarter
+80.6%
Change from the immediately preceding quarter.
Year-over-year
+12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$54B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $17B | +43.8% |
| Jun 30, 2023 | $13.5B | +18.5% |
| Sep 30, 2023 | $8.4B | -58.7% |
| Dec 31, 2023 | $15.1B | +12.3% |
Revenue performance
The revenue growth reflects a notable improvement in business performance during the quarter, with a sharp rise from the preceding period.
Quarterly comparison
Sequentially, revenue rebounded strongly from the prior quarter's decline. On an annual basis, revenue grew at a more modest pace.
What to watch
The filing discusses ongoing regulatory developments regarding insurance product reserves, which may warrant attention for future periods.