PRUDENTIAL PLC (PUK) financial statements: income statement, balance sheet and cash flow
PRUDENTIAL PLC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
Income statement
PRUDENTIAL PLC income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Insurance revenue
$11.1B
$10.4B
$9.4B
—
Claims incurred
($3.3B)
($3.1B)
($2.9B)
—
Directly attributable expenses incurred
($1.5B)
($1.3B)
($1.3B)
—
Amortisation of insurance acquisition cash flows
($3.4B)
($3.2B)
($2.7B)
—
Other insurance service expenses
($23.0M)
($131.0M)
($197.0M)
—
Insurance service expense
($8.2B)
($7.8B)
($7.1B)
—
Net expense from reinsurance contracts held
($212.0M)
($302.0M)
($171.0M)
—
Insurance service result
$2.6B
$2.3B
$2.1B
—
Interest revenue calculated using the effective interest method
$413.0M
$477.0M
$340.0M
—
Other investment return on financial investments
$15.9B
$5.4B
$9.4B
—
Investment return recognised in the income statement
$16.3B
$5.9B
$9.8B
($30.2B)
Fair value movements on investment contract liabilities
($72.0M)
($95.0M)
($24.0M)
—
Net finance expense from insurance contracts
($14.6B)
($4.2B)
($8.8B)
—
Net finance (expense) income from reinsurance contracts held
($159.0M)
($338.0M)
$191.0M
—
Net insurance and reinsurance finance income (expense)
($14.8B)
($4.5B)
($8.6B)
—
Net investment result
$1.4B
$1.3B
$1.1B
—
Other revenue
$411.0M
$382.0M
$369.0M
—
Non-insurance expenditure
($1.0B)
($1.0B)
($990.0M)
—
Finance costs: interest on core structural borrowings of shareholder-financed businesses
($183.0M)
($171.0M)
($172.0M)
($200.0M)
Gain (loss) attaching to corporate transactions
$1.5B
($71.0M)
($22.0M)
$55.0M
Share of profit (loss) from joint ventures and associates, net of related tax
$364.0M
$477.0M
($91.0M)
$29.0M
Profit before tax (being tax attributable to shareholders’ and policyholders’ returns) note
$5.1B
$3.2B
$2.3B
$1.5B
Tax charge attributable to policyholders' returns
($180.0M)
($286.0M)
($175.0M)
($21.0M)
Profit before tax attributable to shareholders' returns
$4.9B
$3.0B
$2.1B
$1.5B
Total tax charge attributable to shareholders' and policyholders' returns
($1.0B)
($824.0M)
($560.0M)
($475.0M)
Tax charge attributable to shareholders' returns
($822.0M)
($538.0M)
($385.0M)
($454.0M)
Equity holders of the Company
$4.0B
$2.3B
$1.7B
$998.0M
Non-controlling interests
$141.0M
$130.0M
$11.0M
$9.0M
Profit for the year
$4.1B
$2.4B
$1.7B
$1.0B
Basic (in USD per share)
$1.54
$0.84
$0.62
$0.36
Diluted (in USD per share)
$1.53
$0.84
$0.62
$0.36
PRUDENTIAL PLC income statement, quarters
Line item
Jun 30, 2022 · YTD
Jun 30, 2021 · YTD
Jun 30, 2020 · YTD
Jun 30, 2019 · YTD
Gross premiums earned
$12.2B
$11.5B
$19.8B
$16.3B
Outward reinsurance premiums
($919.0M)
($898.0M)
($30.1B)
($520.0M)
Earned premiums, net of reinsurance
$11.3B
$10.6B
($10.3B)
$15.8B
Investment return
($24.6B)
$738.0M
$3.9B
$24.6B
Other income
$253.0M
$331.0M
$333.0M
$199.0M
Total revenue, net of reinsurance
($13.0B)
$11.7B
($6.1B)
$40.6B
Benefits and claims and movement in unallocated surplus of with-profits funds, net of reinsurance
$14.8B
($7.7B)
$9.9B
($36.7B)
Acquisition costs and other expenditure
($1.6B)
($2.4B)
($3.0B)
($2.7B)
Finance costs: interest on core structural borrowings of shareholder-financed businesses
($103.0M)
($164.0M)
($163.0M)
($226.0M)
Gain (loss) attaching to corporate transactions
$62.0M
($56.0M)
—
$13.0M
Total charges, net of reinsurance
$13.2B
($10.4B)
$6.7B
($39.6B)
Share of profit from joint ventures and associates, net of related tax
$16.0M
$179.0M
$133.0M
$106.0M
Profit before tax (being tax attributable to shareholders' and policyholders' returns)
$174.0M
$1.5B
$729.0M
$1.1B
Remove tax credit (charge) attributable to policyholders' returns
$126.0M
($238.0M)
($66.0M)
($220.0M)
Profit before tax attributable to shareholders' returns
$300.0M
$1.3B
$663.0M
$896.0M
Total tax charge attributable to shareholders' and policyholders' returns
($68.0M)
($431.0M)
($195.0M)
($221.0M)
Tax charge attributable to shareholders' returns
($194.0M)
($193.0M)
($129.0M)
($1.0M)
Profit after tax from continuing operations
$106.0M
$1.1B
$534.0M
$895.0M
Equity holders of the Company From continuing operations
$104.0M
$1.1B
$512.0M
$890.0M
Profit (loss) attributable to equity holders of the company
$104.0M
($4.0B)
—
—
Non-controlling interests from continuing operations
$2.0M
$7.0M
$22.0M
$5.0M
Profit (loss) attributable to non-controlling interests
$2.0M
($627.0M)
—
—
Profit (loss) for the period
$106.0M
($4.6B)
$534.0M
$1.5B
Based on profit from continuing operations (in USD per share)
$0.04
$0.41
$0.20
$0.34
Total basic earnings per share (in USD per share)
$0.04
-$1.54
$0.20
$0.59
Based on profit continuing operations (in USD per share)
$0.04
$0.41
$0.20
$0.34
Total diluted earnings per share (in USD per share)
$0.04
-$1.54
$0.20
$0.59
First interim ordinary dividend
$0.06
$0.05
$0.05
$0.16
Second interim ordinary dividend for prior year
$0.12
$0.11
$0.26
$0.34
Balance sheet
PRUDENTIAL PLC balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Goodwill
$902.0M
$848.0M
$896.0M
$890.0M
Other intangible assets
$4.0B
$3.8B
$4.0B
—
Property, plant and equipment
$530.0M
$417.0M
$374.0M
$419.0M
Insurance contract assets
$1.8B
$1.3B
$1.2B
—
Reinsurance contract assets
$3.4B
$3.4B
$2.4B
—
Deferred tax assets
$119.0M
$142.0M
$156.0M
$310.0M
Current tax recoverable
$77.0M
$31.0M
$34.0M
$18.0M
Investments in joint ventures and associates accounted for using the equity method
$2.8B
$2.4B
$1.9B
$1.9B
Investment properties
$3.0M
$3.0M
$39.0M
$37.0M
Loans
$551.0M
$517.0M
$578.0M
$2.5B
Equity securities and holdings in collective investment schemes note
$89.6B
$81.0B
$64.8B
$57.7B
Debt securities note
$92.1B
$73.8B
$83.1B
$77.0B
Derivative assets
$621.0M
$395.0M
$1.9B
$569.0M
Deposits
$6.2B
$5.5B
$5.9B
$6.3B
Accrued investment income
$1.1B
$902.0M
$1.0B
$1.1B
Other debtors
$817.0M
$1.3B
$1.2B
$1.7B
Assets held for sale
$0
$296.0M
—
—
Cash and cash equivalents
$7.7B
$5.8B
$4.8B
$5.5B
Total assets
$212.2B
$181.9B
$174.1B
$165.9B
Shareholders' equity
$20.1B
$17.5B
$17.8B
$17.0B
Non-controlling interests
$1.2B
$1.2B
$160.0M
$167.0M
Total equity
$21.4B
$18.7B
$18.0B
$17.1B
Insurance contract liabilities
$174.5B
$147.6B
$139.8B
$121.2B
Reinsurance contract liabilities
$640.0M
$536.0M
$1.2B
—
Investment contract liabilities without discretionary participation features
$715.0M
$748.0M
$769.0M
$741.0M
Core structural borrowings of shareholder-financed businesses
$4.5B
$3.9B
$3.9B
$4.3B
Operational borrowings
$831.0M
$797.0M
$941.0M
$815.0M
Obligations under funding, securities lending and sale and repurchase agreements
$745.0M
$272.0M
$716.0M
$582.0M
Net asset value attributable to unit holders of consolidated investment funds
$2.3B
$2.7B
$2.7B
$4.2B
Deferred tax liabilities
$1.8B
$1.5B
$1.3B
$2.9B
Current tax liabilities
$273.0M
$238.0M
$275.0M
$208.0M
Accruals, deferred income and other creditors
$2.7B
$2.8B
$4.0B
$8.8B
Provisions
$268.0M
$218.0M
$224.0M
$348.0M
Derivative liabilities
$1.6B
$1.6B
$238.0M
$1.0B
Liabilities held for sale
$0
$244.0M
—
—
Total liabilities
$190.8B
$163.2B
$156.1B
$148.8B
Total equity and liabilities
$212.2B
$181.9B
$174.1B
$165.9B
PRUDENTIAL PLC balance sheet, quarters
Line item
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Goodwill
$871.0M
$926.0M
$942.0M
$510.0M
Deferred acquisition costs and other intangible assets
$6.8B
$6.5B
$18.6B
$12.7B
Property, plant and equipment
$405.0M
$525.0M
$964.0M
$785.0M
Reinsurers' share of insurance contract liabilities
$2.8B
$9.9B
$44.9B
$10.2B
Deferred tax assets
$378.0M
$298.0M
$4.3B
$2.8B
Current tax recoverable
$22.0M
$23.0M
$387.0M
$371.0M
Accrued investment income
$1.2B
$1.1B
$1.5B
$1.3B
Other debtors
$2.1B
$2.2B
$3.2B
$2.0B
Investment properties
$35.0M
$39.0M
$23.0M
$11.0M
Investments in joint ventures and associates accounted for using the equity method
$2.0B
$2.1B
$1.5B
$1.0B
Loans
$2.4B
$2.4B
$14.9B
$12.5B
Equity securities and holdings in collective investment schemes
$57.5B
$60.5B
$234.7B
$183.7B
Debt securities
$79.1B
$92.7B
$121.5B
$99.7B
Derivative assets
$182.0M
$485.0M
$2.5B
$1.2B
Deposits
$4.8B
$3.3B
$3.4B
$1.5B
Cash and cash equivalents
$6.4B
$6.3B
$8.4B
$5.2B
Total assets
$166.9B
$525.1B
$463.2B
$554.7B
Shareholders' equity
$16.1B
$15.7B
$19.1B
$19.7B
Non-controlling interests
$163.0M
$510.0M
$197.0M
$23.0M
Total equity
$16.3B
$16.2B
$19.3B
$19.7B
Contract liabilities (including amounts in respect of contracts classified as investment contracts under IFRS 4)
$123.5B
$144.8B
$391.9B
$285.2B
Unallocated surplus of with-profits funds
$4.6B
$6.3B
$5.5B
$2.9B
Core structural borrowings of shareholder-financed businesses
$4.3B
$6.4B
$6.5B
$7.4B
Operational borrowings
$854.0M
$895.0M
$2.2B
—
Obligations under funding, securities lending and sale and repurchase agreements
$799.0M
$396.0M
$9.1B
$6.8B
Net asset value attributable to unit holders of consolidated investment funds
$4.5B
$5.8B
$6.0B
$3.5B
Deferred tax liabilities
$2.7B
$2.7B
$5.3B
$3.7B
Current tax liabilities
$253.0M
$200.0M
$428.0M
$319.0M
Accruals, deferred income and other creditors
$8.1B
$8.0B
$16.2B
$10.6B
Provisions
$225.0M
$227.0M
$245.0M
$254.0M
Derivative liabilities
$771.0M
$412.0M
$467.0M
$1.0B
Total liabilities
$150.6B
$508.9B
$443.9B
$535.0B
Total equity and liabilities
$166.9B
$525.1B
$463.2B
$554.7B
Cash flow statement
PRUDENTIAL PLC cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
(being tax attributable to shareholders' and policyholders' returns)
$5.1B
$3.2B
$2.3B
$1.5B
Investments
($23.7B)
($6.4B)
—
—
Other non-investment and non-cash assets
$24.0M
$124.0M
—
—
Insurance and reinsurance contract assets and liabilities
$22.7B
$7.9B
—
—
Other non-insurance liabilities
($330.0M)
($1.4B)
—
—
Interest and dividend income and interest payments included in profit before tax
($5.5B)
($5.2B)
—
—
Other non-cash items included in profit before tax
($880.0M)
$603.0M
—
—
Interest receipts
$3.4B
$3.0B
—
—
Interest payments
($61.0M)
($75.0M)
($75.0M)
($16.0M)
Dividend receipts
$2.2B
$2.3B
—
—
Tax paid
($518.0M)
($549.0M)
($406.0M)
($449.0M)
Net cash flows from operating activities
$2.5B
$3.6B
—
—
Purchases of property, plant and equipment
($104.0M)
($101.0M)
—
—
Disposal of property, plant and equipment
$4.0M
—
—
—
Acquisition of business and intangibles
($297.0M)
($557.0M)
—
—
Gains (losses) on disposals of investments
$1.5B
—
—
—
Cash advanced to Mainland China joint venture
$0
($174.0M)
—
—
Disposal of Jackson shares
0
—
273.0M
293.0M
Net cash flows from investing activities
$1.1B
($832.0M)
—
—
Issuance (redemption) of debt, net of costs
$462.0M
—
—
—
Interest paid
($176.0M)
($164.0M)
—
—
Payment of principal portion of lease liabilities
($95.0M)
($93.0M)
—
—
Acquisition of non-controlling interests
$0
($18.0M)
—
—
Issues of ordinary share capital
2.0M
—
4.0M
-4.0M
Share repurchases/buybacks (including costs)
-1.3B
-860.0M
—
—
Dividends paid to equity holders of the Company
($594.0M)
($552.0M)
—
—
Dividends paid to non-controlling interests
($91.0M)
($8.0M)
—
—
Net cash flows from financing activities
($1.7B)
($1.7B)
—
—
Net increase (decrease) in cash and cash equivalents
$1.8B
$1.1B
—
—
Cash and cash equivalents at 1 Jan
$5.8B
$4.8B
—
—
Effect of exchange rate changes on cash and cash equivalents
$140.0M
($61.0M)
—
—
Cash and cash equivalents at 31 Dec
$7.7B
$5.8B
—
—
PRUDENTIAL PLC cash flow statement, quarters
Line item
Jun 30, 2018 · YTD
Profit before tax (being tax attributable to shareholders' and policyholders' returns)