88/ 100
Capital adequacy — cross-regime normalized
Very Strong
Reported under US RBC — normalized to a common 0–100 band so US, Canadian and European insurers compare like-for-like. Open methodology; see sourcing below.
Capital & Solvency
| Capital adequacy (normalized) | Very Strong (88/100) |
| RBC ratio | 500% |
| Statutory surplus | $15.0B |
| Total adjusted capital | $20.5B |
| Prism ratio (avail/target) | 3.40x |
| Regulatory action level | none |
Curated from public statutory filings (point-in-time). Live refresh pending.
Financial Strength Ratings
| AM BEST | A+ | Stable |
| SP | AA- | Stable |
| MOODYS | A1 | Stable |
| FITCH | A+ | Stable |
| Composite | AA | 84/100 |
Curated public rating actions, late-2024/2025.
Reinsurance & capital structurehow reserve risk is financed
Prudential Financial discloses 7 affiliated reinsurance captives (Arizona, Bermuda, Delaware, China), including the newly formed IRI NextGen RE LLC; it also cedes externally to Somerset Reinsurance Ltd., Wilton Reassurance Company + Wilton Reinsurance Bermuda Limited, Prismic Life Reinsurance, Ltd.. Its capital adequacy is Very Strong (88/100, RBC 500%). Affiliated captives are a common reserve-financing tool (e.g. XXX/AXXX term- and universal-life reserves); read capital strength alongside how much reserve risk is financed through these vehicles.
Affiliated reinsurance captives
7
Arizona · 3Bermuda · 2Delaware · 1China · 1
⚑ New: IRI NextGen RE LLC
Cedes externally to
Somerset Reinsurance Ltd.Wilton Reassurance Company + Wilton Reinsurance Bermuda LimitedPrismic Life Reinsurance, Ltd.Prismic Life Insurance Services Co. LLCLotus Re (affiliated)AuguStar Life Insurance Company
Affiliated captives from the Exhibit 21 entity list; external cedants from the firm's counterparty map; capital from public statutory/regulatory filings. Indicative.