Prudential Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,732	2,846	2,508	-1,675	8,938
Depreciation & Amortization	128	383	-70	117	206
Other Adjustments	7,376	6,582	4,284	4,377	-7,289
Changes in Reinsurance Contract Assets	-2,263	-2,731	-683	-868	-
Changes in Deferred Acquisition Costs	-1,215	-1,111	-869	-722	-1,043
Changes in Claims Reserves	3,493	4,803	5,489	6,132	8,741
Changes in Income Taxes Payable	-493	-146	-442	-1,594	259
Changes in Other Operating Activities	-4,487	-2,124	-3,707	-609	-
Operating Cash Flow	6,271	8,502	6,510	5,158	9,812
Operating Cash Flow Growth	-26.24%	30.60%	26.21%	-47.43%	17.26%
Purchases of Investments	-129,594	-140,250	-102,164	-123,450	-143,280
Proceeds from Sale of Investments	104,084	112,411	92,047	117,369	138,831
Proceeds from Business Divestments	-	-	-	422	132
Other Investing Activities	-382	-746	-2,005	-1,979	-1,025
Investing Cash Flow	-25,892	-28,585	-12,122	-7,638	-5,342
Long-Term Debt Issued	2,759	2,859	2,076	2,843	268
Long-Term Debt Repaid	-1,985	-1,431	-2,318	-1,184	-2,072
Net Long-Term Debt Issued (Repaid)	774	1,428	-242	1,659	-1,804
Issuance of Common Stock	109	201	126	163	200
Repurchase of Common Stock	-1,000	-1,000	-1,012	-3,488	-2,500
Net Common Stock Issued (Repurchased)	-891	-799	-886	-3,325	-2,300
Common Dividends Paid	-1,926	-1,891	-1,846	-1,817	-1,814
Other Financing Activities	22,816	20,656	10,713	6,416	2,543
Financing Cash Flow	20,773	19,394	7,739	4,933	-3,011
Effect of Exchange Rate Changes on Cash and Cash Equivalents	77	-254	37	-159	-309
Net Cash Flow	1,229	-943	2,164	4,588	2,300
Free Cash Flow	6,271	8,502	6,510	5,158	9,812
Free Cash Flow Growth	-26.24%	30.60%	26.21%	-47.43%	17.26%
FCF Margin	10.32%	12.08%	12.06%	9.07%	13.77%
Free Cash Flow Per Share	17.73	23.66	17.86	13.85	25.15
Levered Free Cash Flow	-3,824	-1,455	-3,505	-3,664	6,486
Unlevered Free Cash Flow	-4,727	-3,027	-3,312	-5,289	8,262

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.