What does PGIM — deferred policy acquisition costs mean?

This represents the capitalized costs associated with acquiring new insurance or investment contracts that are expected to be recovered from future revenues. These costs are deferred on the balance sheet and amortized over the life of the related contracts. It is a key indicator of the investment made to grow the business and the expected future profitability of the current book of business.

Prudential Financial PRU PGIM — 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%

Closed Block division

$144M-7.7%

Similar metrics at other companies

CIADeferred Policy Acquisition Costs, Capitalized Amount

$8.94M+1.1%

CRBGIndividual Retirement — Deferred Policy Acquisition Cost

$3.43B+11.3%

CIADeferred policy acquisition costs

$224.5M+10.1%

CRBGCorporate & Other — Deferred Policy Acquisition Cost

$0-100%

HMNProperty & Casualty — Deferred policy acquisition costs

-$23.7M+2.5%

CRBGInstitutional Markets — Deferred Policy Acquisition Cost

$121M+22.2%

Other financials

Income statement

See full

Revenue$15.5B+15.3%

Net income$597.0M-15.6%

EPS (diluted)$1.68-14.3%

Balance sheet

See full

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

See full

Operating cash flow$1.0B+140%

Valuation

See full

Market cap$37.6B-0.1%

Enterprise value$40.54B+2.3%

P/E10.9×-11.4×

P/S0.6×0.0×

Profitability

See full

Net margin5.5%+1.6pp

Returns & leverage

See full

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 →

Ask your AI about Prudential Financial's pgim — deferred policy acquisition costs.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Prudential Financial's PGIM — deferred policy acquisition costs?: Prudential Financial (PRU) reported PGIM — deferred policy acquisition costs of $0 in Q4 2025.
What does PGIM — deferred policy acquisition costs mean?: This represents the capitalized costs associated with acquiring new insurance or investment contracts that are expected to be recovered from future revenues. These costs are deferred on the balance sheet and amortized over the life of the related contracts. It is a key indicator of the investment made to grow the business and the expected future profitability of the current book of business.