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Prudential Financial Inc   (PRU)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $113.0800 $0.24 0.213%
Day's High: $113.88 Week Perf: 1.2 %
Day's Low: $ 112.42 30 Day Perf: 3.47 %
Volume (M): 1,369 52 Wk High: $ 113.88
Volume (M$): $ 154,750 52 Wk Avg: $94.17
Open: $112.91 52 Wk Low: $75.37



 Market Capitalization (Millions $) 41,742
 Shares Outstanding (Millions) 369
 Employees 40,916
 Revenues (TTM) (Millions $) 53,979
 Net Income (TTM) (Millions $) 2,508
 Cash Flow (TTM) (Millions $) 2,164
 Capital Exp. (TTM) (Millions $) 0

Prudential Financial Inc
Prudential Financial, Inc. is one of the largest financial services institutions in the U.S. Through our subsidiaries and affiliates, we provide a wide range of insurance, investment management and other financial products and services to individual and institutional customers in the U.S. and over 30 other countries through one of the largest distribution networks in the financial services industry. Our principal executive offices are located in Newark, New Jersey.

On the date of demutualization, Prudential Insurance converted from a mutual life insurance company owned by its policyholders to a stock life insurance company and became an indirect, wholly owned subsidiary of Prudential Financial. On that date, eligible policyholders, as defined in the Plan of Reorganization, received shares of Prudential Financial's Common Stock or the right to receive cash or policy credits, which are increases in policy values or increases in other policy benefits, upon the extinguishment of all membership interests in Prudential Insurance.

The businesses of Prudential Financial are separated into the Financial Services Businesses and the Closed Block Business.

The Financial Services Businesses is comprised of three divisions, containing eight segments, and our Corporate and Other operations.

The Insurance division conducts its business through the Individual Life and Annuities and Group Insurance segments.

Our Individual Life and Annuities segment manufactures and distributes individual variable life, term life, universal life and non-participating whole life insurance, and variable and fixed annuity products, primarily to the U.S. mass affluent market and mass market.

Prudential Agents

Our Prudential Agents distribute variable, term, universal and non-participating whole life insurance, variable and fixed annuities, and investment and protection products with proprietary and non-proprietary investment options as well as selected insurance products manufactured by others.

Group Insurance has its own dedicated sales force that is organized around products and market segments and distributes primarily through employee benefits brokers and consultants. Group Insurance also distributes individual long-term care products through Prudential Agents as well as third party brokers and agents.

Defined contribution plans are sold through the financial advisors associated with our joint venture with Wachovia under a distribution agreement, as well as other third party financial advisors, brokers, consultants, and, to a lesser extent, Prudential Agents. A high concentration of these plans have been in the core and small plan markets, with less than $50 million in plan assets. Our distribution network includes over 100 third party distributors including brokers, regional broker-dealers and others. In addition, we have a small direct sales force to develop sales among plans with greater than $50 million in plan assets.

Competition

In each of our businesses we face intense competition from domestic and foreign insurance companies, asset managers and diversified financial institutions. Many of our competitors are large and well-capitalized and some have higher claims-paying or credit ratings than we do. We compete in our businesses generally on the basis of price, quality of service, scope of distribution, quality of products and brand recognition. The relative importance of these factors varies across our products and the markets we serve.



   Company Address: 751 Broad Street Newark 7102 NJ
   Company Phone Number: 802-6000   Stock Exchange / Ticker: NYSE PRU
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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FTFC   -5.56%    
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LNC        1.49% 
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VOYA        2.07% 
• View Complete Report
   



Contract

Prudential and RGA Secure $5.9 Billion Pension Deal with Verizon, While Prudential Financial Inc. Sees Mixed Results with Corporate Clients

Published Wed, Mar 6 2024 10:25 PM UTC

In a significant move within the pension industry, Prudential Financial Inc. (NYSE: PRU) and Reinsurance Group of America, Incorporated (NYSE: RGA) have been entrusted with fulfilling $5.9 billion in pension promises for Verizon Communications Inc. This landmark transaction aims to provide retirement security for a population of 56,000 Verizon retirees and their beneficiarie...

Prudential Financial Inc

Prudential Financial Inc's Fourth Quarter 2023 Efforts Yield Significant Top-Line Progress

Prudential Financial Inc, a prominent player in the life insurance industry, has reported impressive financial results for the fiscal interval closing December 31, 2023. The company's earnings per share (EPS) showed a significant rebound, turning from a loss of $-1.33 per share the previous year to a profit of $3.55 per share. This positive turnaround indicates the company's successful efforts to improve its profitability. Moreover, the EPS had also improved from $-2.23 per share in the prior reporting season.
Notably, Prudential Financial Inc experienced a notable increase in revenue, with a growth rate of 13.124% from $13.33 billion to $15.08 billion compared to the same reporting season a year before. Additionally, the company's sequential revenue surged by an impressive 80.603% from $8.35 billion. This growth in revenue is particularly noteworthy given the challenges faced by many corporations in the life insurance industry, which have been hit hard by receding transactions and diminishing revenue. Prudential Financial Inc's ability to thrive in these circumstances demonstrates its resilience and strong market position.

Financing Agreement

Prudential Financial, Inc. Takes a Bold Step: Redeeming $500 Million of 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044

Published Wed, Feb 14 2024 1:35 PM UTC

Prudential Financial, Inc. to Redeem $500 Million 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044
Newark, N.J. - Prudential Financial, Inc. (NYSE: PRU) made a significant announcement today, revealing its plans to redeem all of the outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044, totaling a who...

Business Update

Prudential Takes On Multi-Billion Dollar Pension Obligations for Shell Retirees as Financial Performance Lags

Published Wed, Feb 7 2024 2:00 PM UTC

Prudential Takes On $4.9 Billion in Pension Obligations for Shell RetireesIn a significant move for both Prudential Financial, Inc. (PFI) and Shell USA, Inc., a pension risk transfer transaction has been closed, transferring $4.9 billion in pension obligations to Prudential. This deal covers approximately 21,500 retirees of the company's U.S. operations. As a result, Prudent...

Management Changes

Prudential Announces Leadership Transition and Performance Update in Group Insurance Division

Published Wed, Feb 7 2024 1:45 PM UTC

Prudential Announces Leadership Transition in Group Insurance Division
Newark, N.J. - Prudential Financial, Inc. (NYSE: PRU) revealed today that Mike Estep, the current head of product for Group Insurance, will assume the position of president in the company's Group Insurance business, replacing Yanela Frias, who has been appointed as Prudential's CFO. The transition is ...






 

Prudential Financial Inc's Segments
 
Individual Life
 Segment     of total Revenue
Group Insurance
 Segment     of total Revenue
Total Insurance
 Segment     of total Revenue
Retirement
 Segment     of total Revenue
Asset Management
 Segment     of total Revenue
Total Investment
 Segment     of total Revenue
International Insurance
 Segment     of total Revenue
Insurance & Investments
 Segment     of total Revenue
Corporate
 Segment     of total Revenue
Closed Block
 Segment     of total Revenue
 
• View Complete Report




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