保德信金融集团Prudential Financial（PRU）2025年第四季度及全年财务业绩演示报告「NYSE」（英文版）（23页）.pdf

1、FEBRUARY 4,20264Q25 EARNINGS CALLExpanding access to investing,insurance,and retirement security2 2FULL YEAR&FOURTH QUARTER 2025 PERFORMANCENote:See Appendix for segment results.(1)See reconciliation in Appendix for non-GAAP measures Adjusted Operating Income,Adjusted Operating Income Per Share,and

2、Adjusted Book Value Per Share.(2)2025 reflects the change from the prior full year period.4Q25 reflects the change from the year-ago quarter.(3)Based on 2025 after-tax Adjusted Operating Income and average Adjusted Book Value.See Appendix for more information.FINANCIAL HIGHLIGHTS($millions,except pe

3、r share amounts)PGIMPositive flow traction across public fixed income,private credit,and real estate offset by weaker active equities U.S.BusinessesSolid Retirement Strategies sales supported by diversified Institutional and Individual product suite Group Insurance and Individual Life benefiting fro

4、m ongoing product and segment diversificationInternational BusinessesRetirement and savings product sales momentum continues in JapanRecord Brazil sales supported by distribution expansionBUSINESS HIGHLIGHTS20254Q25Pre-Tax Adjusted Operating IncomePre-Tax Adjusted Operating Income(1)(1)$6,637$6,637$

5、1,505$1,505Change from Prior Period(2)12%10%Adjusted Operating Income Per ShareAdjusted Operating Income Per Share(1)(1)$14.43$14.43$3.30$3.30Change from Prior Period14%11%GAAP Net Income Per ShareGAAP Net Income Per Share$9.99$9.99$2.55$2.55Change from Prior Period33%N/MAdjusted Operating ROEAdjust

6、ed Operating ROE(3)(3)14.9%14.9%Adjusted Book Value Per ShareAdjusted Book Value Per Share(1)(1)$100.17$100.173 3PROGRESS ON DRIVING SUSTAINABLE,PROFITABLE GROWTHTransformed PGIM into a unified platform enabling deeper client engagement and reducing costs over timeEnhanced our global retirement and