Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060

PFH

$15.17

-0.52%

2026-09-03 15:58:29 EDT-$0.08

Financial Services

Insurance - Diversified

NYSE

Active Trading

Prudential Financial, Inc. offers a broad spectrum of financial services and products, encompassing insurance and investment management. The company's operations are organized ...

Price Action of PFH

$15.17

-0.52%-$0.08

High—

Low—

52W High-13.9%

Rel. vol—

Interval

Range4h

Volume—SMA5SMA10

—

Prudential Financial, Inc. is a venerable American financial services institution established in 1875, headquartered in Newark, New Jersey. The company operates through a multifaceted business model comprising four primary segments: PGIM (the global investment management business), U.S. Businesses, International Businesses, and Corporate/Other operations. PGIM serves as a key pillar, providing ...Prudential Financial, Inc. is a venerable American financial services institution established in 1875, headquartered in Newark, New Jersey. The company operates through a multifaceted business model comprising four primary segments: PGIM (the global investment management business), U.S. Businesses, International Businesses, and Corporate/Other operations. PGIM serves as a key pillar, providing institutional and retail clients with expertise across fixed income, equities, real estate, private credit, and alternative investment strategies. The U.S. Businesses segment focuses on life insurance, group insurance, and retirement solutions, which act as stable pillars for long-term capital accumulation and risk protection. Internationally, Prudential continues to seek growth through strategic acquisitions and local market expansion. From a financial perspective, the company maintains a robust capital structure, though the specific instrument (PFH) represents a subordinated debt obligation due in 2060, reflecting the issuer's long-term capital management strategy. Prudential’s financial health is evidenced by its scale, with over 36,000 employees globally and a diverse asset base. Cost management and capital allocation remain central to their strategy, balancing returns to shareholders with the need to maintain strong regulatory capital buffers. The company's business model is inherently tied to interest rate environments and market performance, as its insurance and asset management products are sensitive to economic cycles. Key leadership, including CEO Andrew F. Sullivan, oversees the execution of long-term strategic initiatives aimed at digital transformation and enhancing customer experience. The company’s focus on 'integrated financial wellness' positions it to compete with modern fintech disruptors while maintaining the trust and stability expected of a legacy financial entity. Investors in instruments like PFH look for steady income streams backed by the diversified earnings power of the underlying parent, Prudential Financial, which continues to be a household name in the global life insurance and asset management industries.ExpandCollapse

Founded

1875

Employees

38196

CEO

Andrew Sullivan

Full Name

Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060

Sector

Financial Services

Industry

Insurance - Diversified

ROE

12.00%

Market Cap

$39.61B

Current Ratio

1.79

WACC

8.07%

ROIC

2.15%

Contact Information

https://www.prudential.com

973 802 6000

751 Broad Street, Newark, NJ 07102

Key Metrics of PFH

Snapshot

Latest / TTM · 6 periods

Market Cap

$39.61B

ROCE

0.9%

EV / EBITDA

9.13x

+0.1% YoY

FCF Yield

25.7%

+9.8% YoY

Cash Conversion Cycle

270.1d

Current Ratio

1.79

Quick take

TTM —

Positive CCC

Financial Highlights of PFH

Profitability trend

Latest / TTM · 6 periods

Gross Margin

30.8%

Net Margin

5.9%

P/E Ratio

11.05x

n/a

Debt / Equity

0.65

n/a

Current Ratio

1.79

Dividend Yield

4.5%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of PFH

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $14.35 · Revenue $59.45B · 1 analysts
Sep 30, 2027
Q3 FY2027 · Estimated results
Est. EPS $3.84 · Revenue $15.44B · 1 analysts
Dec 30, 2027
Q4 FY2027 · Estimated results
Est. EPS $3.67 · Revenue $15.47B · 1 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $14.88 · Revenue $60.48B · 1 analysts

Recent history

Aug 5, 2026
Q2 FY2026 · Results reported
EPS $2.80 · Revenue $15.66B
View filing
May 6, 2026
Q1 FY2026 · Results reported
EPS $1.71 · Revenue $15.55B
View filing
Mar 2, 2026
Dividend payment
Feb 12, 2026
FY2025 · Annual results
EPS $10.22 · Revenue $60.97B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $4.01 · Revenue $17.95B
View filing
Jun 30, 2025
Q2 FY2025 · Results reported
EPS $1.48 · Revenue $13.80B

Financial Statements of PFH

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$61.0B	-13.7%	+0.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$3.6B	+31.1%	+52.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+31.1%	+25.3%	+11.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+7.6%	+68.2%	+69.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+5.9%	+52.0%	+51.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$6.3B	-26.2%	+132.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+10.3%	-14.5%	+131.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	70.8%	-30.5%	+5.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.61x	-67.3%	-93.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$773.7B	+5.2%	+2.4%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	10.22 vs 14.50	-29.5%	2.80 vs 3.84	-27.0%
Revenue Surprise	$61.0B vs $57.6B	+5.9%	$15.7B vs $15.4B	+1.4%

Insider Transactions of PFH

Acquisitions (A)

Since Jun 11, 2026

Disposals (D)

Since Jun 11, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 31, 2026	Boyle Robert E	officer: Senior Vice President	Common Stock	A	353	—
Aug 31, 2026	Boyle Robert E	officer: Senior Vice President	Common Stock	D	115	$117.60
Aug 31, 2026	Boyle Robert E	officer: Senior Vice President	8/10/2023 Restricted Stock Units	D	353	—
Aug 14, 2026	KAPPLER ANN M	officer: EVP and General Counsel	Common Stock	D	7,652	$125.01
Jun 11, 2026	SULLIVAN ANDREW F	director, officer, other: Chief Executive Officer	Deferred Compensation Shares	A	158	—

Earnings Call Transcript of PFH

1 transcript segments

Q2 2026

Unknown Speaker

Operator : Ladies and gentlemen, thank you for standing by, and welcome to Prudential's quarterly earnings conference call. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Tina Madon. Please go ahead. Tina Madon : Thank you. Good morning, everyone, and thank you for joining us. Representing Prudential on today's call are Andy Sullivan, Chairman and Chief Executive Officer; and Yanela Frias, Chief Financial Officer. Before we begin, please note that today's call has been extended to 90 minutes. Andy and Yanela will begin with a discussion of Prudential's refreshed strategy and long-term vision, followed by a review of our second quarter earnings results. We will then open the call for Q&A. We have also posted slides on our website at investor.prudential.com, which provide context for today's strategy discussion. I want to remind you that today's discussion may include forward-looking statements. It's possible that our actual results may differ materially from those statements. This includes, among other things, any statements regarding the company's strategy, objectives, goals, priorities, expectations, plans, initiatives or anticipated future performance, all of which should be considered forward-looking statements and are subject to risks and uncertainties. In addition, remarks made on today's call and in our quarterly earnings press release, earnings presentation, quarterly financial supplement and strategy update presentation, which can be found on our website, include references to non-GAAP measures. For a reconciliation of these measures to the most comparable GAAP measures and a discussion of the factors that could cause actual results to differ materially from those in our forward-looking statements, please see the slides titled Forward-Looking Statements and non-GAAP Measures in the appendices to our strategy update presentation, earnings presentation and quarterly financial supplement. With that, I'll now turn the call over to Andy. Andrew Sullivan : Good morning, everyone, and thank you for joining our call. I'd like to start by outlining our refreshed strategy and vision for Prudential's future, which is grounded in a clear view of where we can win and how we create value. Since stepping into the CEO role, I've said that delivering the performance our shareholders expect requires a simpler company, fewer priorities and execution excellence. That remains the standard and the status quo is not an option. Prudential is a uniquely integrated financial services company, differentiated by a formidable global brand and trust earned over more than a century. At its core is a powerful ecosystem, industry-leading liability generation and a world-class asset management platform that reinforce one another. Few companies have the customer relationships and distribution reach to originate liabilities across retirement and protection products globally. Even fewer can pair …

Historical Employee Count of PFH

Current

36,824

Change

-3.59%

Minimum

36,824

Maximum

40,916

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	36,824	10-K	Feb 12, 2026	View
Dec 31, 2024	38,196	10-K	Feb 13, 2025	View
Dec 31, 2023	40,658	10-K	Feb 21, 2024	View
Dec 31, 2022	39,854	10-K	Feb 16, 2023	View
Dec 31, 2021	40,916	10-K	Feb 17, 2022	View

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Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060

Contact Information

Upcoming

FY2026 · Estimated annual results

Q3 FY2027 · Estimated results

Q4 FY2027 · Estimated results

FY2027 · Estimated annual results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

Dividend payment

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Recent Filings

Related stocksBanks

Upcoming

FY2026 · Estimated annual results

Q3 FY2027 · Estimated results

Q4 FY2027 · Estimated results

FY2027 · Estimated annual results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

Dividend payment

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Recent Filings