Prudential Financial (PRU) Revenue — Quarter Ended Dec 31, 2024
Prudential Financial reported a decline in revenue for the quarter, contrasting with the prior quarter's increase. The result also represented a decrease from the same period last year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Prudential Financial reported a decline in revenue for the quarter, contrasting with the prior quarter's increase. The result also represented a decrease from the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.5B
Revenue reported for this quarter.
Quarter-over-quarter
-35.7%
Change from the immediately preceding quarter.
Year-over-year
-17.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$70.4B
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, 2024 | $23.5B | +37.9% |
| Jun 30, 2024 | $14.9B | +10.3% |
| Sep 30, 2024 | $19.5B | +133.4% |
| Dec 31, 2024 | $12.5B | -17.0% |
Revenue performance
Revenue in the current quarter was lower than in the immediately preceding quarter, reversing the upward trend seen then.
Quarterly comparison
On a year-over-year basis, revenue also decreased compared to the same quarter a year earlier.
What to watch
The filing discusses regulatory changes to variable annuity and life insurance product reserve methodologies, which may warrant attention.