Sector: Financials | Industry: Life & Health Insurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 751 BROAD ST NEWARK NJ 07102 |
Tel: | N/A |
Website: | https://www.prudential.com |
IR: | See website |
Key People | ||
Charles F. Lowrey Chairman of the Board, President, Chief Executive Officer | Robert M. Falzon Vice Chairman of the Board | Yanela Frias Chief Financial Officer, Executive Vice President |
Lucien A. Alziari Chief Human Resource Officer, Executive Vice President | Stacey Goodman Executive Vice President, Chief Information Officer | Ann M. Kappler Executive Vice President, General Counsel |
Caroline A. Feeney Executive Vice President and Head of U.S. Businesses | Andrew F. Sullivan Executive Vice President and Head of International Businesses and PGIM | Timothy L. Schmidt Senior Vice President, Chief Investment Officer |
Business Overview |
Prudential Financial, Inc. is a financial services provider and global investment manager. The Company offers a range of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds, and investment management. It offers these products and services to individual and institutional customers through its own and third-party distribution networks. It operates in the United States, Asia, Europe and Latin America. Its segment includes PGIM, U.S. Businesses, International Businesses, Closed Block division, and Corporate and Other operations. PGIM segment provides investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies, to institutional and retail clients and its general account. U.S. Businesses segment consists of the retirement strategies, group insurance and individual life products. |
Financial Overview |
For the fiscal year ended 31 December 2023, Prudential Financial Inc revenues decreased 5% to $53.98B. Net income applicable to common stockholders totaled $2.46B vs. loss of $1.67B. Revenues reflect US Business Institutional Retirement Strategies segment decrease of 43% to $11.03B, Domestic segment decrease of 16% to $31.03B. Net Income reflects Admn.Expense Ratio -% - Group Disability decrease of 19% to 25.2%. |
Employees: | 40,658 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $41,724M as of Dec 31, 2023 |
Annual revenue (TTM): | $53,979M as of Dec 31, 2023 |
EBITDA (TTM): | $4,709M as of Dec 31, 2023 |
Net annual income (TTM): | $2,459M as of Dec 31, 2023 |
Free cash flow (TTM): | $4,664M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,455M as of Dec 31, 2023 |
Shares outstanding: | 359,380,146 as of Mar 15, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |