Item 6. EXHIBITS
13K characters. Original on sec.gov ·
Item 6. EXHIBITS
EXHIBIT INDEX
| 101.INS - XBRL | Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | ||||
| 101.SCH - XBRL | Taxonomy Extension Schema Document. | ||||
| 101.CAL - XBRL | Taxonomy Extension Calculation Linkbase Document. | ||||
| 101.LAB - XBRL | Taxonomy Extension Label Linkbase Document. | ||||
| 101.PRE - XBRL | Taxonomy Extension Presentation Linkbase Document. | ||||
| 101.DEF - XBRL | Taxonomy Extension Definition Linkbase Document. | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
- This exhibit is a management contract or compensatory plan or arrangement.
GLOSSARY
Throughout this Quarterly Report on Form 10-Q, the Company may use certain abbreviations, acronyms and terms which are defined below.
| Prudential Entities | ||||||||||||||
| Company | Prudential Financial, Inc. and its subsidiaries | Pruco Life | Pruco Life Insurance Company | |||||||||||
| Gibraltar Life | The Gibraltar Life Insurance Co., Ltd. | Prudential | Prudential Financial, Inc. and its subsidiaries | |||||||||||
| PFI | Prudential Financial, Inc. and its subsidiaries | Prudential Financial | Prudential Financial, Inc. | |||||||||||
| PGFL | Prudential Gibraltar Financial Life Insurance Co., Ltd. | Prudential Funding | Prudential Funding, LLC | |||||||||||
| PGIM | The global investment management business of Prudential Financial, Inc. | Prudential Insurance/PICA | The Prudential Insurance Company of America | |||||||||||
| PHJ | Prudential Holdings of Japan, Inc. | Prudential of Japan | The Prudential Life Insurance Company, Ltd. | |||||||||||
| PLIC | Prudential Legacy Insurance Company of New Jersey | Registrant | Prudential Financial, Inc. | |||||||||||
| PLNJ | Pruco Life Insurance Company of New Jersey |
| Defined Terms | ||||||||||||||
| Allstate | The Allstate Corporation | Pension Benefits | Funded and non-funded non-contributory defined benefit pension plans which cover substantially all of the Company’s employees | |||||||||||
| AuguStar | AuguStar Life Insurance Company, formerly known as The Ohio National Life Insurance Company | PGIM India | PGIM operations in India | |||||||||||
| Board | Prudential Financial’s Board of Directors | Prismic | Prismic Life Holding Company LP | |||||||||||
| Closed Block | Certain in-force participating insurance policies and annuity products, along with corresponding assets used for the payment of benefits and policyholders’ dividends on these products | Prismic Re | Prismic Life Reinsurance, Ltd. | |||||||||||
| Credit-Linked Note Structures | Agreements with external counterparties providing for the issuance of surplus notes by our captive reinsurers in return for the receipt of credit-linked notes | Prismic Re International | Prismic Life Reinsurance International, Ltd. | |||||||||||
| Empower | Great-West and Great-West Life & Annuity Insurance Company of New York, now known as Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York, respectively | Regulation XXX | Valuation of Life Insurance Policies Model Regulation | |||||||||||
| Exchange Act | The Securities Exchange Act of 1934 | Resolution Re | Resolution Re, Ltd. | |||||||||||
| Farmer Mac | Federal Agricultural Mortgage Corporation | S&P | Standard & Poor’s Rating Services | |||||||||||
| Fitch | Fitch Ratings Inc. | Somerset Re | Somerset Reinsurance Ltd. | |||||||||||
| Funds Withheld | Assets the Company retains the legal ownership of under certain reinsurance arrangements | Star and Edison Businesses | AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (former subsidiaries of American International Group, Inc., or AIG), collectively | |||||||||||
| Guideline AXXX | The Application of the Valuation of Life Insurance Policies Model Regulation | Talcott Resolution | Talcott Resolution Life Insurance Company | |||||||||||
| Hartford Financial | Hartford Financial Services Group, Inc. | Tax Act of 2025 | H.R.1, also referred to as the “One Big Beautiful Bill Act” | |||||||||||
| Moody’s | Moody’s Investors Service, Inc. | U.S. GAAP | Generally accepted accounting principles in the United States of America | |||||||||||
| Morningstar | Morningstar, Inc. | Wilton Re | Wilton Reassurance Company and Wilton Reinsurance Bermuda Limited | |||||||||||
| Other Postretirement Benefits | Certain health care and life insurance benefits provided by the Company for its retired employees, their beneficiaries and covered dependents |
| Acronyms | ||||||||||||||
| ACL | Allowance for Credit Losses | GMWB | Guaranteed Minimum Withdrawal Benefits | |||||||||||
| AIR | Additional Insurance Reserves | HDI | Highest Daily Lifetime Income | |||||||||||
| ALM | Asset Liability Management | LPs/LLCs | Limited Partnerships and Limited Liability Companies | |||||||||||
| AOCI | Accumulated Other Comprehensive Income (Loss) | MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations | |||||||||||
| ASC | Accounting Standards Codification | MRBs | Market Risk Benefits | |||||||||||
| ASU | Accounting Standards Update | NAIC | National Association of Insurance Commissioners | |||||||||||
| AUD | Australian Dollar | NAV | Net Asset Value | |||||||||||
| bps | Basis Points | NCTI | Net Controlled Foreign Corporation Tested Income | |||||||||||
| CECL | Current Expected Credit Loss | NJDOBI | New Jersey Department of Banking and Insurance | |||||||||||
| CLO | Collateralized Loan Obligations | NPR | Non-Performance Risk | |||||||||||
| CODM | Chief Operating Decision Maker | OCI | Other Comprehensive Income (Loss) | |||||||||||
| DAC | Deferred Policy Acquisition Costs | OECD | Organization of Economic Cooperation and Development | |||||||||||
| DPL | Deferred Profit Liability | OTC | Over-The-Counter | |||||||||||
| DRG | Deferred Reinsurance Gains | OTTI | Other-Than-Temporary Impairments | |||||||||||
| DRL | Deferred Reinsurance Losses | PALAC | Prudential Annuities Life Assurance Corporation | |||||||||||
| DSI | Deferred Sales Inducements | PDI | Prudential Defined Income | |||||||||||
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization | POT | The Prudential Life Insurance Company of Taiwan Inc. | |||||||||||
| ESR | Economic Solvency Ratio | PTE | Prohibited Transaction Class Exemptions | |||||||||||
| FABN | Funding Agreement-Backed Notes | RAF | Risk Appetite Framework | |||||||||||
| FACP | Funding Agreement-Backed Commercial Paper | RBC | Risk-Based Capital | |||||||||||
| FASB | Financial Accounting Standards Board | SEC | Securities and Exchange Commission | |||||||||||
| FHLBNY | Federal Home Loan Bank of New York | SOFR | Secured Overnight Financing Rate | |||||||||||
| FLIAC | Fortitude Life Insurance and Annuity Company | SVO | Securities Valuation Office | |||||||||||
| FSA | Financial Services Agency (an agency of the Japanese government) | TBA | To-Be-Announced | |||||||||||
| GICs | Guaranteed Investment Contracts | U.S. | The United States of America | |||||||||||
| GILTI | Global Intangible Low-Taxed Income | URR | Unearned Revenue Reserve | |||||||||||
| GMAB | Guaranteed Minimum Accumulation Benefits | USD | U.S. Dollar | |||||||||||
| GMDB | Guaranteed Minimum Death Benefits | VIEs | Variable Interest Entities | |||||||||||
| GMIB | Guaranteed Minimum Income Benefits | VOBA | Value of Business Acquired | |||||||||||
| GMIWB | Guaranteed Minimum Income and Withdrawal Benefits |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Prudential Financial, Inc. | |||||||||||
| By: | /S/ YANELA C. FRIAS | ||||||||||
| Yanela C. Frias Executive Vice President and Chief Financial Officer (Authorized signatory and principal financial officer) |
Date: May 6, 2026
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