Total Revenue (Q1 2024 vs Q1 2023)

45% increase "

In Q1 2024, total revenue rose from $14,982 million to $21,699 million, driven primarily by a 70% increase in premiums (from $8,833 million to $15,006 million), a 12% rise in net investment income (from $3,670 million to $4,120 million), and an 8% increase in asset management fees (from $1,406 million to $1,517 million) amid favorable market conditions. "

Total Revenue (Q1 2025 vs Q1 2024)

38% decrease "

In Q1 2025, total revenue declined from $21,706 million to $13,412 million, mainly due to a 57% drop in premiums (from $15,006 million to $6,446 million), partially offset by a 10% increase in net investment income and a 12% decline in asset management fees, reflecting a challenging market environment in premium collections. "

Segment Performance (Q1 2024)

Mixed/Improved " " "

Q1 2024 saw varied segment performance: PGIM benefited from higher asset management fees fueled by market appreciation and strategic acquisitions, while U.S. segments like retirement strategies and group insurance improved via better net investment spreads and underwriting results despite offsetting higher expenses in individual life; international segments gained from favorable interest rates and joint venture earnings. " " "

Segment Performance (Q1 2025)

Mixed/Declined " "

In Q1 2025, segment performance was mixed, with PGIM's performance declining due to lower net other revenues; retirement strategies faced higher expenses and lower fee income despite improved investment spreads; group insurance improved through stronger underwriting results; international performance was negatively impacted by foreign currency exchange effects, while revised expense allocations also influenced corporate results. " "

Other Major Metrics (Q1 2024)

Significant increases " " " "

In Q1 2024, premiums increased by 70%, insurance and annuity benefits by 65%, net investment income by 12%, and interest credited to policyholders' accounts by 14%, driven by robust product demand and strategic adjustments, though general and administrative expenses also rose by 7% which reflects both operational growth and increased costs. " " " "

Other Major Metrics (Q1 2025)

Mixed results " " " "

For Q1 2025, net income dropped from $1.138 billion to $707 million due to losses from market risk benefits ($351 million) and realized investment losses ($246 million), while adjusted operating income improved from $1.115 billion to $1.188 billion and operating ROE (based on operating income) increased from 12.7% to 13.8%; additionally, GAAP book value per share rose from $75.00 to $83.59 and AUM grew from $1.496 trillion to $1.522 trillion, highlighting mixed financial performance influenced by both market headwinds and strategic cost controls. " " " "