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PRU (Prudential Financial) Scaled Net Operating Assets : -0.02 (As of Sep. 2024)


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What is Prudential Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Prudential Financial's operating assets for the quarter that ended in Sep. 2024 was $692,201 Mil. Prudential Financial's operating liabilities for the quarter that ended in Sep. 2024 was $706,237 Mil. Prudential Financial's Total Assets for the quarter that ended in Jun. 2024 was $715,196 Mil. Therefore, Prudential Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.02.

Prudential Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Prudential Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(701704-670462)/689029
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=721123 - 19419
=701704

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=691336 - 20001 - 873
=670462

Prudential Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(692201-706237)/715196
=-0.02

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=760294 - 68093
=692201

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=727719 - 20277 - 1205
=706237

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Prudential Financial Scaled Net Operating Assets Related Terms

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Prudential Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Prudential Financial Inc (NYSE:PRU) » Definitions » Scaled Net Operating Assets
Comparable Companies
MET AFL UNM PRI GL JXN FG LNC CNO GNW SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 TSX:MFC SHSE:601601 TPE:2881 TSX:GWO TPE:2882 TSE:8750
Traded in Other Exchanges
1PRU:Italy 0KRX:UK PLL:Germany PLL:Germany P1DT34:Brazil PRU:Austria
Address
751 Broad Street, Newark, NJ, USA, 07102
Website
https://www.investor.prudential.com
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 10% of its earnings and has around $1.3 trillion in assets under management. The US businesses are responsible for about 50% 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
Charles F Lowrey officer: Executive Vice President 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
Robert Falzon officer: EVP and CFO 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
Timothy L Schmidt officer: Senior Vice President 751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Robert Axel officer: SVP and Controller 751 BROAD STREET, 5TH FLOOR, ATTN.: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Kenneth Tanji officer: EVP and CFO 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
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
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