Prudential Financial Discloses Preliminary Q3 2026 Metrics and Segment Reporting Updates

Executive Summary

On October 15, 2026, Prudential Financial, Inc. (NYSE: PRU) filed a Current Report on Form 8-K under Items 2.02 and 7.01 to disclose preliminary financial information for the third quarter ended September 30, 2026, ahead of its scheduled earnings release on November 3, 2026, as well as segment reporting changes affecting its former International Businesses segment.

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Key Preliminary Q3 2026 Financial Highlights

1. PGIM Assets Under Management (AUM):

   • Totaled $1.47 trillion as of September 30, 2026.
   • Net other related revenues (including incentive and transaction fees, seed/co-investments, and mortgage originations) were approximately $20 million on an adjusted operating income basis.

2. General Account (GA) Alternative Investment Income:

   • Estimated to be $15 million to $35 million above near-term expectations, excluding the Closed Block Division and Funds Withheld portfolios.

3. Prudential of Japan Matter:

   • The previously disclosed sales suspension in Japan resulted in an estimated $140 million pre-tax reduction in the Japan Businesses' adjusted operating income for Q3 2026. This includes one-time expenses primarily related to Life Planner compensation, lost sales volume, and surrender impacts.

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Segment Reporting Realignment

Effective Q3 2026, Prudential implemented retrospective segment reporting updates reflecting its intent to exit selected emerging markets:

• Japan Businesses Segment: The former "International Businesses" segment was renamed "Japan Businesses."
• Corporate and Other: Operating results for certain emerging market operations, notably Brazil and Mexico, are now classified within Divested and Run-off Businesses.
• Retirement Segment: The Company's indirect 40% ownership interest in Administradora de Fondos de Pensiones Habitat S.A. was transferred to the Retirement segment.
• Exhibit 99.1: The company furnished a revised Quarterly Financial Supplement for Q2 2026 to provide retrospective comparability.