Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Prudential Financial's retained earnings for the quarter that ended in Dec. 2023 was $32,352 Mil.
Prudential Financial's quarterly retained earnings
declined
from Jun. 2023 ($32,756 Mil) to Sep. 2023 ($31,493 Mil) but then
increased
from Sep. 2023 ($31,493 Mil) to Dec. 2023 ($32,352 Mil).
Prudential Financial's annual retained earnings
declined
from Dec. 2021 ($36,652 Mil) to Dec. 2022 ($31,714 Mil) but then
increased
from Dec. 2022 ($31,714 Mil) to Dec. 2023 ($32,352 Mil).
Prudential Financial Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Prudential Financial (NYSE:PRU) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Prudential Financial (Prudential Financial) Business Description
Traded in Other Exchanges
Address
751 Broad Street, Newark, NJ, USA, 07102
Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 15% of its earnings and has over $1.5 trillion in assets under management. The U.S. businesses are responsible for about 45% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.
Executives
| Kenneth Tanji |
officer: EVP and CFO |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Timothy L Schmidt |
officer: Senior Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Kathleen Murphy |
director |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Caroline Feeney |
officer: Executive Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Ann M Kappler |
officer: EVP and General Counsel |
PRUDENTIAL FINANCIAL, INC., 751 BROAD STREET, 5TH FLOOR, NEWARK NJ 07102 |
| Robert Axel |
officer: SVP and Controller |
751 BROAD STREET, 5TH FLOOR, ATTN.: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Andrew F Sullivan |
officer: Executive Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Nicholas C Silitch |
officer: Senior Vice President |
751 BROAD STREET, 5TH FLR, ATTN.: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Scott Sleyster |
officer: Senior Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN.: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Robert Falzon |
officer: EVP and CFO |
751 BROAD STREET, 5TH FLOOR, ATTN.: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Charles F Lowrey |
officer: Executive Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
| Michael Todman |
director |
C/O TMA LIMITED, LLC, 500 RENAISSANCE DRIVE, SUITE 103B, ST. JOSEPH MI 49085 |
| Wendy Elizabeth Jones |
director |
2025 HAMILTON AVE, SAN JOSE CA 95125 |
| Stacey Goodman |
officer: Executive Vice President |
C/O CIT GROUP INC., ATTN:GENERAL COUNSEL, 1 CIT DRIVE, LIVINGSTON NJ 07039 |
| Candace Woods |
officer: Senior Vice President |
751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102 |
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