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Prudential Financial PRU Closed Block division — Deferred Policy Acquisition Costs

Other segment segments

Individual Life
$7.59B+7.0%
Individual Retirement Strategies
$4.33B+5.8%
Total Corporate and Other
-$651M-15.6%
Institutional Retirement Strategies
$283M+36.1%
Group Insurance
$154M-3.1%
PGIM
$0

Similar metrics at other companies

Unum logo
UNMClosed Block — Deferred Acquisition Costs
$0
Unum logo
UNMClosed Block — Deferral of Acquisition Costs
$0
Equitable Holdings logo
EQHCB — Deferred policy acquisition costs
$96M-8.6%
Equitable Holdings logo
EQHCB — Deferred Policy Acquisition Costs, Amortization Expense
$2M0.0%
Jackson Financial logo
JXNClosed Life and Annuity Blocks — Deferred Acquisition Costs
$93M-7.9%
Unum logo
UNMClosed Block — Supplementary Insurance Information Amortization Of Deferred Policy Acquisition Costs
$0

Other financials

Income statement

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Revenue$15.5B+15.3%
Net income$597.0M-15.6%
EPS (diluted)$1.68-14.3%

Balance sheet

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Cash & equivalents$15.9B-0.8%
Total debt$18.9B-3.4%
Total equity$32.0B+7.0%
Total assets$765.40B+3.5%

Cash flow

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Operating cash flow$1.0B+140%

Valuation

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Market cap$37.6B-0.1%
Enterprise value$40.54B+2.3%
P/E10.9×-11.4×
P/S0.6×0.0×

Profitability

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Net margin5.5%+1.6pp

Returns & leverage

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Return on equity11.2%+3.0pp
Debt / equity0.6×-0.1×

Where this comes from

Reported directly by Prudential Financial in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The official record: Prudential Financial’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Prudential Financial's closed block division — deferred policy acquisition costs?
Prudential Financial (PRU) reported closed block division — deferred policy acquisition costs of $144M in Q4 2025.
How has Prudential Financial's closed block division — deferred policy acquisition costs changed year-over-year?
Prudential Financial's closed block division — deferred policy acquisition costs decreased by 7.7% year-over-year, from $156M to $144M.
What does closed block division — deferred policy acquisition costs mean?
Represents the capitalized costs associated with acquiring new insurance policies that are expected to be recovered from future policy revenues. This asset is amortized over the life of the policies to match the recognition of related premium income.