Prudential Financial (PRU) FY2024 results: revenue $70.4 billion, up 30.4% on the year
Prudential Financial Inc. (PRU) reported revenue of $70.4 billion for fiscal 2024, the year ended 31 December 2024, up 30.4% on the year before. Net income was $2.7 billion, up 9.6%, and diluted earnings per share $7.50. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$70.4 billion
+30.4% on the year
FY2017FY2024
Operating margin
4.6%
5.7% a year earlier
FY2017FY2024
Net income
$2.7 billion
+9.6% on the year
FY2017FY2024
Diluted EPS
$7.50
+11.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,502
6,510
5,158
+30.6%
Cash from investing
-28,585
-12,122
-7,638
Cash from financing
19,394
7,739
4,933
+150.6%
Depreciation and amortisation
383
n/a
117
Share-based compensation
314
254
208
+23.6%
Buybacks
1,000
1,012
1,488
-1.2%
Dividends paid
1,891
1,846
1,817
+2.4%
Dividend per share
$5.20
$5.00
$4.80
+4.0%
Diluted shares, weighted
359m
365m
372m
-1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
27,872
27,820
30,593
+0.2%
Non-controlling interest
315
290
955
+8.6%
Redeemable equity
1,939
1,766
371
+9.8%
Debt
19,187
18,882
19,908
+1.6%
Other liabilities
686,274
672,365
638,090
+2.1%
Total liabilities and equity
735,587
721,123
689,917
+2.0%
Goodwill
1,053
1,071
876
-1.7%
Intangible assets
406
506
518
-19.8%
Securities held for sale or to maturity
311,570
316,321
309,015
-1.5%
Cash and equivalents
18,497
19,419
17,251
-4.7%
Other assets
404,061
383,806
362,257
+5.3%
Total assets
735,587
721,123
689,917
+2.0%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.