FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period ended June30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number 001-16707 Prudential Financial, Inc. (Exact Name of Registrant as Specified in its Charter) New Jersey(State or Other Jurisdiction ofIncorporation or Organization) 751 Broad StreetNewark, NJ 07102(973) 802-6000(Address and Telephone Number of Registrant’s Principal Executive Offices)SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.YesNoIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.Indicateby check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the Exchange Act).Yes☐No As of July 31, 2026, 345 million shares of the registrant’s Common Stock (par value $0.01) were outstanding. TABLE OF CONTENTS PARTI FINANCIAL INFORMATION Item1.Financial Statements:Unaudited Interim Consolidated Statements of Financial Position as of June 30, 2026 and December 31,2025Unaudited Interim Consolidated Statements of Operations for the three and six months ended June 30, 2026and 2025Unaudited Interim Consolidated Statements of Comprehensive Income for the three and six months endedJune 30, 2026 and 2025Unaudited Interim Consolidated Statements of Equity for the three and six months ended June 30, 2026 and2025Unaudited Interim Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025Notes to Unaudited Interim Consolidated Financial Statements1. Business and Basis of Presentation2. Significant Accounting Policies and Pronouncements3. Investments4. Variable Interest Entities5. Derivatives and Hedging6. Fair Value of Assets and Liabilities7. Deferred Policy Acquisition, Deferred Reinsurance, Deferred Sales Inducements and Value ofBusiness Acquired8. Separate Accounts9. Liability for Future Policy Benefits10. Policyholders’ Account Balances11. Market Risk Benefits12. Reinsurance13. Closed Block14. Income Taxes15. Short-Term and Long-Term Debt16. Employee Benefit Plans17. Equity18. Earnings Per Share19. Segment Information20. Related Party Transactions21. Commitments and Contingent LiabilitiesItem2.Management’s Discussion and Analysis of Financial Condition and Results of Operations104Item3.Quantitative and Qualitative Disclosures About Market Risk175Item4.Controls and Procedures175PARTII OTHER INFORMATIONItem 1.Legal Proceedings176Item1A.Risk Factors176Item 2.Unregistered Sales of Equity Securities and Use of Proceeds176 Forward-Looking Statements Certain of the statements included in this Quarterly Report on Form 10-Q, including any statements regarding the company’s strategy, objectives, goals,priorities, expectations, plans, initiatives, or anticipated future performance and the estimated financial impacts, outcomes and consequences of the investigation intoand remediation of employee misconduct in Japan, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of1995. Words such as “expects,” “believes,” “anticipates,” “includes,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations ofsuch words are generally part of forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerningfuture developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. There can be no assurance that future developments affectingPrudential Financial, Inc. and its subsidiaries will be those anticipated by management. These forward-looking statements are not a guarantee of future performance andinvolve risks and uncertainties, and there are certain