Prudential Financial Inc (N:PRU)

Business Focus: Life & Health Insurance

Apr 18, 2024 12:15 pm ET

Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 18, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE:PRU). The settlement provides for a fund of $35,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons who purchased Prudential common stock between June 5, 2019 and August 2, 2019, inclusive, except those Persons and entities that are excluded.

Apr 16, 2024 12:15 pm ET

Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE:PRU). The settlement provides for a fund of $35,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons who purchased Prudential common stock between June 5, 2019 and August 2, 2019, inclusive, except those Persons and entities that are excluded.

Apr 15, 2024 08:00 am ET

Equinix and PGIM Real Estate Enter Into $600 Million JV for First xScale® Data Center in the U.S.

REDWOOD CITY, Calif., April 15, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, today announced the entry into a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in the Silicon Valley region of California.

Apr 11, 2024 12:30 pm ET

Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 11, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE:PRU). The settlement provides for a fund of $35,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons who purchased Prudential common stock between June 5, 2019 and August 2, 2019, inclusive, except those Persons and entities that are excluded.

Apr 11, 2024 09:00 am ET

Jennison Associates grows EMEA business with senior hires

Jennison Associates, the fundamental active equity and fixed income manager of PGIM, the US$1.3 trillion1 global asset management business of Prudential Financial, Inc. (NYSE: PRU), has added experienced hires to its client portfolio management and institutional business development teams in London. Jennison has US$207 billion in assets

Apr 09, 2024 12:30 pm ET

Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 9, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE: PRU). The settlement provides for a fund of $35,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons who purchased Prudential common stock between June 5, 2019 and August 2, 2019, inclusive, except those Persons and entities that are excluded.

Apr 04, 2024 12:30 pm ET

Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE:PRU). The settlement provides for a fund of $35,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons who purchased Prudential common stock between June 5, 2019 and August 2, 2019, inclusive, except those Persons and entities that are excluded.

Apr 04, 2024 08:32 am ET

Prudential Financial introduces new workplace insurance benefits that help support mental health and growing families

Prudential Financial, Inc. (NYSE: PRU) has introduced new voluntary workplace insurance offerings that help support family building and mental health, including benefits that cover fertility procedures, extended hospital stays, screenings for substance use, and severe mental illness.

Apr 03, 2024 11:42 am ET

PGIM launches three Retirement Spending Funds for personalized spending goals

PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has launched three retirement spending funds: the

Apr 02, 2024 08:35 am ET

Prudential Financial, Inc. to Announce First Quarter 2024 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Mar 28, 2024 06:19 pm ET

Prudential Financial Completes Guaranteed Universal Life Block Reinsurance Transaction With Somerset Re

Prudential Financial, Inc. (NYSE: PRU) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Somerset Re. This transaction, originally

Mar 14, 2024 09:30 am ET

PGIM Investments Wins 2024 LSEG Lipper Group Award for Mixed Assets

PGIM Investments is honored to receive several 2024 LSEG Lipper Fund Awards recognizing the firm for investment excellence, including the U.S. Group Award for Mixed Assets (Firm Size: Large) over three years, and four fund awards across multiple asset classes. The U.S. Group Award for Mixed Assets is attributed to strong performance from the PGIM Target Date Funds, along with Balanced, Income Builder and Real Asset Funds.

Mar 13, 2024 11:58 am ET

AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.’s New Junior Subordinated Notes

AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $1 billion, 6.5% fixed to fixed reset rate junior subordinated notes, due March 15, 2054, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of Prudential and its subsidiaries remain unchanged.

Mar 06, 2024 05:25 pm ET

Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon

Prudential Financial, Inc. (NYSE: PRU) and Reinsurance Group of America, Incorporated (NYSE: RGA) have been

Mar 01, 2024 10:57 am ET

PGIM Closed End Funds declare distributions for March, April, and May 2024

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April, and May 2024. The distribution amounts and schedule for each fund appears below:

Feb 14, 2024 08:35 am ET

Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044

Prudential Financial, Inc. (NYSE: PRU) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No. 744320AN2 / US744320AN25) (the “Notes”). The Notes will be redeemed on March 15, 2024 at a redemption pri

Feb 13, 2024 09:06 am ET

Arizona youth honored as Prudential Emerging Visionary

Chandler student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

California youth honored as Prudential Emerging Visionaries

Los Angeles and Dublin students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Connecticut youth honored as Prudential Emerging Visionaries

Moodus and Farmington students will receive a $5,000 award and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Florida youth honored as Prudential Emerging Visionaries

Miami and Rockledge students will receive a $5,000 award and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Georgia youth honored as Prudential Emerging Visionary

Stonecrest student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Hawaii youth honored as Prudential Emerging Visionary

Hauula student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Idaho youth honored as Prudential Emerging Visionary

Coeur d'Alene student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Maryland youth honored as Prudential Emerging Visionary

Bethesda student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Minnesota youth honored as Prudential Emerging Visionary

Plymouth student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

New Jersey youth honored as Prudential Emerging Visionaries

Englewood and Matawan students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

New York youth honored as Prudential Emerging Visionaries

Buffalo and Pittsford students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

North Carolina youth honored as Prudential Emerging Visionary

Winterville student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Ohio youth honored as Prudential Emerging Visionary

Cincinnati student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Oregon youth honored as Prudential Emerging Visionary

Portland student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Pennsylvania youth honored as Prudential Emerging Visionaries

Sewickley and Downingtown students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Tennessee youth honored as Prudential Emerging Visionary

Nashville student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Texas youth honored as Prudential Emerging Visionaries

Nolanville and Houston students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world.

Feb 13, 2024 09:06 am ET

Virginia youth honored as Prudential Emerging Visionary

Falls Church student will receive a $5,000 award and an invitation to the 2024 summit for his work addressing the challenges of a changing world.

Feb 13, 2024 09:05 am ET

Prudential Financial introduces its next class of Emerging Visionaries

In its third year, the program honors 25 exceptional young leaders for their work addressing the challenges of a changing world.

Feb 07, 2024 09:00 am ET

Prudential assumes $4.9 billion in pension obligations for 21,500 Shell U.S. retirees

Prudential Financial, Inc. (PFI) (NYSE: PRU) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees.

Feb 07, 2024 08:45 am ET

Prudential Announces Group Insurance Leadership Transition

Prudential Financial, Inc. (NYSE: PRU) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential’s U

Feb 06, 2024 04:18 pm ET

Prudential Announces Chief Financial Officer Transition

Prudential Financial, Inc. (NYSE: PRU) announced today that Yanela Frias, president of Group Insurance, has been appointed executive vice president and CFO, effective March 15, 2024, succeeding Ken Tanji. Frias will join the executive leadership team as an executive officer and report to Robert Falzon, vice chair of Prudential.

Feb 06, 2024 04:18 pm ET

Prudential Financial, Inc. Announces 2023 Results(1)

Prudential Financial, Inc. (NYSE: PRU) today reported fourth quarter and year-end 2023 results. Net income attributable to Prudential Financial, Inc. was $1.317 billion ($3.61 per Common share) for the fourth quarter of 2023, compared to a net loss of $52 million ($0.16 per Common share) for the fourth quarter of 2022. After-tax

Feb 05, 2024 09:51 am ET

Retirement Confidence for American Workers Has Been Low Since 2022, According to New PGIM RetireWell™ Confidence Index

PGIM, 1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), finds that retirement and financial confidence have lingered at “below average” levels since the second quarter of 2022, according to the firm’s new

Jan 29, 2024 09:00 am ET

PGIM, UNCF Study Finds Private HBCU Endowments Need Investment Support

Historically Black colleges and universities (HBCUs) are a critical learning path for Black students seeking quality higher education in the United States. Yet, these institutions face systemic challenges in accumulating substantial endowments, a crucial factor for ensuring institutional stability and growth. A new study launched by UNCF (United Negro College Fund) and PGIM, the global asset management business of Prudential Financial, Inc. (

Jan 25, 2024 11:11 am ET

Prudential launches SimplyIncome for workplace retirement plans on Fidelity Investments™ platform

Prudential Financial, Inc. (NYSE: PRU) is collaborating with Fidelity Investments™ to address growing demand among consumers for a workplace retirement plan option that will convert participants’ retirement savings into a protected stream of income.

Jan 18, 2024 09:00 am ET

Rutgers Athletics has a new partner on the bench: Prudential Financial

Rutgers basketball has a new partner on the bench this season: Prudential Financial, Inc. (NYSE: PRU). The global financial services company has signed on as the men’s and women’s basketball program’s presenting sponsor and will also provide access to financial education and funded investment accounts for domestic Rutgers studen

Jan 09, 2024 09:22 am ET

Prudential Financial, Inc. to Announce Fourth Quarter 2023 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its fourth quarter 2023 earnings on Tuesday, February 6, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Jan 02, 2024 10:30 am ET

PGIM launches two Buffer ETF series

PGIM,1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has launched two buffer ETF series, the

Dec 20, 2023 03:48 pm ET

Investigation: Prudential May Have Improperly Increased Your Long-Term Care Insurance Premium - Hagens Berman

Attorneys at Hagens Berman are investigating Prudential for allegedly increasing long-term care (LTC) insurance premiums in an improper manner, and the law firm urges Prudential long-term care insureds to learn about their potential rights regarding rate increases.

Dec 19, 2023 04:30 pm ET

Prudential awarded $9.2 billion international longevity risk transfer mandate by NN Life, expanding Prudential Institutional Retirement Strategies into The Netherlands

Prudential Financial, Inc. (NYSE: PRU) today announced that its subsidiary entered into a $9.2 billion1 longevity risk transfer agreement with NN Life, a subsidiary of NN Group. The transaction reinsures a block of more than 200,000 policies with The Prudential Insurance Company of America (Prudential), effective Dec. 31, 2023.

Dec 19, 2023 08:30 am ET

PGIM launches 4 active ETFs

PGIM,1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has launched four actively managed exchange-traded funds (ETFs) — the

Dec 15, 2023 11:28 am ET

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group. The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the companies and rating

Nov 30, 2023 04:15 pm ET

PGIM Closed-End Funds declare distributions for December 2023, January and February 2024

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for December 2023, and January and February 2024. The distribution amounts and schedule for each fund appears below:

Nov 28, 2023 08:35 am ET

Prudential Financial, Inc. to Participate in Goldman Sachs 2023 US Financial Services Conference; Live Webcast Available

Prudential Financial, Inc. (NYSE: PRU) will participate in the Goldman Sachs 2023 US Financial Services Conference on Tuesday, December 5, 2023. On that day at approximately 9:20 a.m. ET, Charles Lowrey, chairman and CEO, will participate in an analyst-led fireside chat.

Nov 20, 2023 09:00 am ET

PGIM Hires Sancia Dalley to Lead DEI Investment Strategies

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU

Nov 08, 2023 09:00 am ET

Wood Partners Unveils Grand Opening of Exceptional New Residential Community in Raleigh

RALEIGH, N.C., Nov. 8, 2023 /PRNewswire/ -- Wood Partners, a national leader in multifamily real estate development, and PGIM Real Estate, the real estate investment and financing arm of PGIM, today announced the grand opening of Alta Town Center, located in Raleigh, North Carolina. The community's grand opening celebration, complete with a ribbon-cutting ceremony, is set for June 27.

Nov 07, 2023 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.25 per share of Common Stock, payable on December 14, 2023, to shareholders of record at the close of business on November 21, 2023.

Nov 02, 2023 08:30 am ET

Next generation of leaders and laggards in a new era of labor: PGIM study

Global labor markets are at a critical turning point, with significant structural changes underway that will create future labor shortages, inflation and headwinds to economic growth. New research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), explores how macroecono

Nov 01, 2023 04:18 pm ET

Prudential Financial, Inc. Announces Third Quarter 2023 Results

Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net loss attributable to Prudential Financial, Inc. was $802 million ($2.23 per Common share) for the third quarter of 2023, compared to a net loss of $92 million ($0.26 per Common share) for the third quarter of 2022. After-tax adjusted operating incom

Oct 10, 2023 11:00 am ET

PGIM announces enhancements to target date funds

PGIM,1 the $1.27 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has announced plans to enhance its suite of

Oct 04, 2023 08:35 am ET

Prudential Financial, Inc. to Announce Third Quarter 2023 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its third quarter 2023 earnings on Wednesday, November 1, 2023, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Oct 03, 2023 08:30 am ET

PGIM Investments appoints Dominick Carlino as global head of Alternative Investments

PGIM Investments, part of PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has appointed Dominick Carlino as global head of Alternative Investments. In this newly created role, Carlino will be responsible for driving the continued development and distribution of alternativ

Sep 15, 2023 09:00 am ET

Prudential partners with EvolutionIQ to help disability insurance claimants recover and return to work

Prudential Financial, Inc. (NYSE: PRU) has made a new strategic partnership with EvolutionIQ, a technology company with an artificial intelligence-driven platform that will enhance Prudential’s disability claims ecosystem.

Sep 12, 2023 10:05 am ET

Prudential Financial empowering and rewarding young people for turning ideas into impact

The Prudential Emerging Visionaries program honors young changemakers for solving social and financial challenges in their communities.

Sep 07, 2023 04:42 pm ET

Agam Capital Advises PFI in Its Formation and Launch of Prismic Life Reinsurance, Ltd.

Agam Capital (“Agam”), an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising Prudential Financial, Inc. (“PFI”), a US-based global financial services leader and premier active global investment manager, in the formation and launch of Prismic Life Reinsurance, Ltd. (“Prismic”), a Bermuda-domiciled Class E life and annuity reinsurer. This strategic engagement leveraged Agam’s unique pALM analytical platform and differentiated capabilities to support PFI in the development and establishment of a

Sep 07, 2023 04:30 pm ET

Prudential Financial, Inc. and Warburg Pincus announce launch of Prismic Life Re

Prudential Financial, Inc. (NYSE: PRU) (Prudential) and

Sep 07, 2023 08:35 am ET

Prudential Financial elects Kathleen Murphy to Board of Directors

Prudential Financial, Inc. (NYSE: PRU) announced today that Kathleen Murphy has been elected to the Board of Directors as an independent director, effective September 11, 2023.

Sep 06, 2023 10:15 am ET

PGIM bolsters alternatives franchise with the appointment of Eric Adler to lead newly formed PGIM Private Alternatives

PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has appointed Eric Adler as president and CEO of PGIM Private Alternatives, bringing together the firm’s private alternatives capabilities in order to provide global investors with a cohesive set of investment solutions across private credit,

Sep 06, 2023 10:15 am ET

PGIM Real Estate appoints new co-CEOs

PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-chief executive officers, effective Oct. 1, 2023. Marcus and Amabile will jointly run the business in an expansion of their existing global and regional roles and having worked together for over a decade.

Aug 31, 2023 04:15 pm ET

PGIM Closed-End Funds declare distributions for September, October and November 2023

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2023. The distribution amounts and schedule for each fund appear below:

Aug 30, 2023 08:35 am ET

Prudential Financial, Inc. to Participate in 2023 Barclays Global Financial Services Conference; Live Webcast Available

Prudential Financial, Inc. (NYSE: PRU) will participate in the 2023 Barclays Global Financial Services Conference on Wednesday, September 13, 2023. On that day at approximately 9:45 a.m. ET, Charles Lowrey, chairman and CEO, will participate in an analyst-led fireside chat.

Aug 29, 2023 09:00 am ET

A Star in the Making: Nationwide Search Yields Four Finalists in ‘Prudential Stages on Broadway Brought to You by Playbill’ Contest

Prudential Financial, Inc. (NYSE: PRU) announced today that four aspiring artists have been selected to receive an all-expenses-paid trip to NYC and perform with Broadway idols in front of an estimated 50,000 spectators in Times Square during the free Curtain Up: A Broadway Festival taking place Sept. 8-10.

Aug 24, 2023 09:38 am ET

Prudential Showcases 19-Year-Old Ethan Quinn Making His Professional Tennis Debut and Thinking About…Retirement

Prudential Financial, Inc. (NYSE: PRU) announced today that it is partnering with the next generation of tennis talent – 19-year-old Ethan Quinn – in a brand deal that showcases Ethan at a new stage in his life: Preparing for competition as he makes his professional debut and thinking about…retirement.

Aug 24, 2023 08:45 am ET

Prudential Financial and LPL Financial Sign Strategic Relationship Agreement to Expand Retail Wealth Management Capabilities and Drive Growth

Prudential Financial, Inc. (NYSE: PRU) (“Prudential”) and LPL Financial Holdings Inc. (Nasdaq: LPLA) (“LPL”) today announced a strategic relationship agreement designed to enhance the customer and financial professional experience for Prudential’s...

Aug 08, 2023 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.25 per share of Common Stock, payable on September 14, 2023, to shareholders of record at the close of business on August 22, 2023.

Aug 01, 2023 04:18 pm ET

Prudential Financial, Inc. Announces Second Quarter 2023 Results

Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net income attributable to Prudential Financial, Inc. was $511 million ($1.38 per Common share) for the second quarter of 2023, compared to a net loss of $1.010 billion ($2.71 per Common share) for the second quarter of 2022. After-tax adjusted operati

Jul 26, 2023 08:32 am ET

PGIM launches AAA CLO ETF (PAAA) and short duration multi-sector ETF (PSDM)

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU) has launched the

Jul 24, 2023 07:00 am ET

Prudential Financial to Reinsure $12.5B Guaranteed Universal Life Block with Somerset Re

Prudential Financial, Inc. (NYSE: PRU) announced today an agreement to reinsure a portion of its guaranteed universal life block with Somerset Re, resulting in approximately $450 million of proceeds.1

Jul 20, 2023 08:00 am ET

Prudential Financial issues 2022 Sustainability Report

Prudential Financial, Inc. (NYSE: PRU) has released its annual sustainability report, providing a comprehensive overview of the company’s efforts to deliver sustainable value to the customers, clients, shareholders, employees and communities it serves.

Jul 18, 2023 09:00 am ET

Prudential Financial signs on as title sponsor for Brick City HBCU Kickoff Classic at Red Bull Arena

Prudential Financial has signed on as the title sponsor for the Brick City HBCU Kickoff Classic, which features Grambling State University and Hampton University kicking off at 3 p.m. ET on Sept. 2 at Red Bull Arena in Harrison, New Jersey. The Newark-based financial services company will have branding on all official game-related digital platforms as well as marketing materials and merchandise, and the Prudential logo will be featured on the 50-yard line.

Jul 13, 2023 08:30 am ET

Prudential and Nayya partner to bring personalized benefits to millions of American employees

Prudential Financial, Inc. (NYSE: PRU) announced today it has formed a strategic partnership with Nayya, a leading benefits experience platform, to harness artificial intelligence and data science that empowers employees to make better workplace benefits decisions.

Jul 12, 2023 08:30 am ET

PGIM Private Capital provides nearly $6.7B of senior debt and junior capital globally in 1H 2023

PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private companies and is the private capi

Jul 11, 2023 08:36 am ET

PGIM Fixed Income names Tom Porcelli as chief US economist

PGIM Fixed Income has named Tom Porcelli chief U.S. economist, effective July 6, 2023. With $793 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

Jul 06, 2023 08:35 am ET

Prudential Financial, Inc. to Announce Second Quarter 2023 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2023 earnings on Tuesday, August 1, 2023, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Jun 15, 2023 04:18 pm ET

Prudential Financial appoints Nandini Mongia as president, Open-Architecture Solutions

Prudential Financial, Inc. (NYSE: PRU) announced today that it has appointed Nandini Mongia, currently senior vice president and treasurer, as president of Prudential Open-Architecture Solutions, effective June 19. She will report to the company’s chairman and CEO, Charles Lowrey.

Jun 15, 2023 12:51 pm ET

Ninepoint Partners and Third Eye Capital Announce Pieridae Energy’s Successful Refinancing and Early Repayment of Term Loan

Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment managers, and Third Eye Capital Corporation (“TEC” or “Third Eye Capital”), whose affiliate, Third Eye Capital Management Inc., is sub-advisor of the Ninepoint-TEC...

Jun 15, 2023 09:15 am ET

Jennison Associates Celebrates 25 Years of Small Cap Core Equity Strategy

Jennison Associates proudly celebrates the 25th year of its active

Jun 07, 2023 09:00 am ET

Generation X confronts harsh new reality of retirement: unreadiness

America’s 65 million Generation Xers (born between 1965 and 1980) are confronted with a new set of financial challenges that are redefining their plans for retirement, just as they enter their final working years, according to Prudential Financial, Inc.’s (NYSE: PRU) latest Pulse research survey, “

May 31, 2023 04:10 pm ET

PGIM Closed-End Funds declare distributions for June, July and August 2023

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July and August 2023. The distribution amounts and schedule for each fund appear below:

May 24, 2023 07:15 am ET

Prudential Financial to Reinsure $10B Block of PDI Traditional Variable Annuities with an affiliate of Constellation Insurance Holdings

Prudential Financial, Inc. (NYSE: PRU) announced today an agreement to reinsure a portion of its traditional variable annuity block with an affiliate of Constellation Insurance Holdings, Inc., for proceeds at closing resulting in approximately $650 million.1

May 11, 2023 09:30 am ET

Food System Stress Is Feeding Innovation and Investor Opportunities: PGIM Research

Vulnerabilities in our global food system have surfaced recently as the invasion of Ukraine, COVID-19 pandemic and climate change have disrupted the food supply — having a profound impact on food prices, monetary and fiscal policy, even political stability. However, these disturbances have also tilled the soil for much-needed innovation, and investors can play a major role in transforming the industry for the future, according to new research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (

May 09, 2023 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.25 per share of Common Stock, payable on June 15, 2023, to shareholders of record at the close of business on May 23, 2023.

May 02, 2023 04:18 pm ET

Prudential Financial, Inc. Announces First Quarter 2023 Results

Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net income attributable to Prudential Financial, Inc. was $1.462 billion ($3.93 per Common share) for the first quarter of 2023, compared to a net loss of $493 million ($1.33 per Common share) for the first quarter of 2022. After-tax adjusted operating

May 02, 2023 08:30 am ET

PGIM Strengthens Alternatives Offering With Agreement to Acquire Majority Interest in Deerpath Capital

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S. private credit and direct lending manager focused primarily on financing private e

May 01, 2023 08:45 am ET

Most plan sponsors taking steps to solve retirement income challenge: PGIM survey

The retiring boomer generation has spurred the defined contribution (DC) industry to do more to help plan participants turn their savings into steady income. New research from PGIM DC Solutions, the retirement solutions provider of PGIM, finds that 7 in 10 DC plan sponsors report taking steps to solve the retirement income challenge, but there is more work to be done.

May 01, 2023 08:05 am ET

Prudential Financial, Inc. to Redeem 5.625% Fixed-to-Floating Rate Junior Subordinated Notes due 2043

Prudential Financial, Inc. (NYSE: PRU) announced today that it will redeem all of the $1,500,000,000 outstanding aggregate principal amount of its 5.625% Fixed-to-Floating Rate Junior Subordinated Notes due 2043 (CUSIP/ISIN No. 744320AM4 / US744320AM42) (the “Notes”). The Notes will be redeemed on June 15, 2023 at a redemption p

Apr 27, 2023 10:06 am ET

Aaryan Doshi from Cupertino, California awarded $15,000 from Prudential Financial at Emerging Visionaries Summit

Aaryan was among five Grand Prize winners honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work in creating stronger and more inclusive communities.

Apr 27, 2023 10:06 am ET

Catherine Mellett Felix from New York, New York awarded $15,000 from Prudential Financial at Emerging Visionaries Summit

Catherine was among five Grand Prize winners honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work in creating stronger and more inclusive communities.

Apr 27, 2023 10:06 am ET

Jordyn Wright of Rosharon, Texas awarded $15,000 from Prudential Financial at Emerging Visionaries Summit

Jordyn was among five Grand Prize winners honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work in creating stronger and more inclusive communities.

Apr 27, 2023 10:06 am ET

Nikita Agrawal from Chicago, Illinois awarded $15,000 from Prudential Financial at Emerging Visionaries Summit

Nikita was among five Grand Prize winners honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work in creating stronger and more inclusive communities.

Apr 27, 2023 10:06 am ET

Okezue Bell from Easton, Pennsylvania awarded $15,000 from Prudential Financial at Emerging Visionaries Summit

Okezue was among five Grand Prize winners honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work in creating stronger and more inclusive communities.

Apr 27, 2023 10:05 am ET

Young changemakers awarded $15,000 each from Prudential Financial at Emerging Visionaries Summit

The five Grand Prize winners were among 25 young people honored by actress, activist and author America Ferrera and Prudential Chairman and CEO Charles Lowrey for their work addressing the challenges of a changing world.

Apr 05, 2023 08:35 am ET

Prudential Financial, Inc. to Announce First Quarter 2023 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2023 earnings on Tuesday, May 2, 2023, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Feb 28, 2023 04:15 pm ET

PGIM Closed End Funds declare distributions for March, April and May 2023

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April and May 2023. The distribution amounts and schedule for each fund appears below:

Feb 28, 2023 08:00 am ET

Prudential, Vitality Global expand partnership in Latin America

Prudential Financial, Inc. (NYSE: PRU) and Vitality Global, a leading health and well-being company offering smart InsurTech with the goal to build a healthier world, have entered a 10-year, expanded partnership. Under this agreement, Prudential will leverage Vitality’s model to promote healthier lifestyles to complement its Total Wellness offering throughout Latin America.

Feb 22, 2023 09:00 am ET

PGIM Quantitative Solutions appoints Andy Wilmot as head of Strategic Relationships

PGIM Quantitative Solutions (PGIM Quant), the quantitative, multi-asset and liquid alternatives specialist of PGIM, has appointed Andy Wilmot as head of Strategic Relationships.

Feb 09, 2023 09:00 am ET

PGIM Private Capital provided record $16.1B in private debt globally in 2022

PGIM Private Capital provided $16.1 billion of senior debt and junior capital to 241 middle-market companies and projects globally in 2022, completing a second consecutive record year of originations for the firm. PGIM Private Capital is a leading source of private deb

Feb 07, 2023 04:18 pm ET

Prudential Financial, Inc. Announces 2022 Results

Prudential Financial, Inc. (NYSE: PRU) today reported fourth quarter and year-end 2022 results. Net loss attributable to Prudential Financial, Inc. was $558 million ($1.53 per Common share) for the fourth quarter of 2022, compared to net income of $1.208 billion ($3.13 per Common share) for the fourth quarter of 2021. After-tax

Jan 11, 2023 08:35 am ET

Prudential Financial, Inc. to Announce Fourth Quarter 2022 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its fourth quarter 2022 earnings on Tuesday, February 7, 2023, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Jan 11, 2023 08:00 am ET

PGIM announces Michael Lillard to retire in 2024; appoints John Vibert as future CEO of PGIM Fixed Income

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has announced Head of PGIM Fixed Income Michael Lillard will retire in April 2024. In turn, John Vibert will be appointed as president and CEO of the $759 billion active global fixed income manager, effective Jan. 1, 2024

Jan 03, 2023 11:54 am ET

Growth Investing Pioneer and Jennison Associates Founder, Spiros ‘Sig’ Segalas, Has Passed Away

Jennison Associates announced, with great sadness, the death of Spiros “Sig” Segalas, co-founder and long-time Large Cap Growth portfolio manager. Segalas was a pioneer in growth equity investing and built one of the industry’s longest growth equity track records.

Dec 15, 2022 11:12 am ET

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group. The outlook of these Credit Ratings (ratings) is stable. (Please see link below for a detailed listing of the companies and ratings.)

Dec 14, 2022 08:30 am ET

PGIM Investments Launches Growth, Value and Multi-Asset ETFs

PGIM Investments has launched three actively managed ETFs — the PGIM Jennison Focused Growth ETF (PJFG), the PGIM Jennison Focused Value ETF (PJFV) and the PGIM Portfolio Ballast ETF (PBL).

Dec 09, 2022 08:30 am ET

PGIM Investments announces ETF closure

PGIM Investments, LLC announced today plans to close and liquidate the PGIM Quant Solutions Strategic Alpha International Equity ETF (PQIN).

Nov 30, 2022 04:15 pm ET

PGIM Closed-End Funds declare distributions for December 2022, January and February 2023

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared monthly distributions today for December 2022, January and February 2023. The distribution amounts and schedule for each fund appears below:

Nov 21, 2022 08:00 am ET

Prudential launches ‘Now What?’ campaign, defying industry norms using moments of hope instead of fear

Prudential Financial, Inc. (NYSE: PRU) is launching Now What? — a new advertising cam

Nov 17, 2022 06:00 am ET

Student Freedom Initiative, Stackwell, and Prudential Financial Launch First Ever Student Investment Program to Increase Investor Confidence and Financial Wellness of Current HBCU and MSI Students

Today, Student Freedom Initiative (SFI), Stackwell, and

Nov 15, 2022 08:35 am ET

Prudential Financial, Inc. to Participate in Goldman Sachs 2022 U.S. Financial Services Conference; Live Webcast Available

Prudential Financial, Inc. (NYSE: PRU) will participate in the Goldman Sachs 2022 U.S. Financial Services Conference on Tuesday, December 6, 2022. On that day at approximately 8:40 a.m. ET, Robert Falzon, vice chairman, will participate in an analyst-led fireside chat.

Nov 14, 2022 08:40 am ET

Prudential Financial Launches FlexGuard Life, a Next-Generation Life Insurance Product That Goes Beyond Death Benefits

Prudential Financial, Inc., has launched Prudential FlexGuard® Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers’ changing life insurance needs.

Nov 10, 2022 09:15 am ET

Investors fear liquidity crisis, military conflict, cyberattacks, PGIM tail-risk survey finds

Institutional investors still reeling from the impact of the COVID-19 pandemic know the risks of unlikely but devastating “black swan” events, but many are ill-prepared for the ones they fear the most, according to a new survey from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PR

Nov 08, 2022 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.20 per share of Common Stock, payable on December 15, 2022, to shareholders of record at the close of business on November 22, 2022.

Nov 03, 2022 06:00 am ET

Generational Gap Grows: Work & Money Outlook Divided

Younger generations are demonstrating notable shifts in attitude about work and life, taking drastic measures to bring balance to their lives, according to Prudential Financial, Inc.’s (NYSE: PRU) latest Pulse research survey, “Generational Gap Grows: Work & Money Outlook Divided.”

Nov 01, 2022 04:18 pm ET

Prudential Financial, Inc. Announces Third Quarter 2022 Results

Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net loss attributable to Prudential Financial, Inc. was $284 million ($0.78 per Common share) for the third quarter of 2022, compared to net income of $1.530 billion ($3.90 per Common share) for the third quarter of 2021. After-tax adjusted operating in

Oct 27, 2022 08:30 am ET

Prudential Financial announces leadership succession for U.S. and International Businesses

Prudential Financial today announced that effective Jan. 1, 2023, Andy Sullivan, currently head of U.S. Businesses, will become head of International Businesses and PGIM. In addition, Caroline Feeney, currently president and CEO of U.S. Retirement & Insurance Businesses, will be promoted to executive vice president and head of U.S. Businesses. Both will report directly to Chairman and CEO Charles Lowrey.

Oct 17, 2022 09:02 am ET

Wood Partners and PGIM Real Estate Break Ground on New Residential Community in one of Raleigh's Fastest Growing Areas

RALEIGH, N.C., Oct. 17, 2022 /PRNewswire/ -- Wood Partners, a national leader in multifamily real estate development, and PGIM Real Estate, the real estate investment and financing arm of PGIM, today announced groundbreaking of the partnership's residential community—Alta Town Center—located in Raleigh, North Carolina. With construction currently underway, the community is scheduled to officially open in fall 2023 with pre-leasing to begin in summer 2023.

Oct 13, 2022 09:30 am ET

Slowing economy ushers private markets investors into new era, PGIM says

Private market funds have nearly tripled assets since the global financial crisis — accounting for more than 35% of new capital raised through bonds and equity in the U.S. in 2021 — but the Goldilocks-like market conditions that facilitated this meteoric rise are changing, presenting new risks and opportunities for investors, according to new research from PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (

Oct 05, 2022 08:35 am ET

Prudential Financial, Inc. to Announce Third Quarter 2022 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its third quarter 2022 earnings on Tuesday, November 1, 2022, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Sep 30, 2022 09:05 am ET

Prudential Powers Inclusion and Economic Growth in New York City and Across the Globe Through Support of Curtain Up Broadway Festival

For the second year in a row, Prudential Financial, Inc. (NYSE: PRU), in collaboration with Playbill, Times Square Alliance, and The Broadway League, is proud to be the title sponsor of the

Sep 21, 2022 09:00 am ET

PGIM Quantitative Solutions Bolsters Distribution Team With Senior Appointment and Promotion

PGIM Quantitative Solutions (PGIM Quant), the quantitative and multi-asset solutions specialist of PGIM, has bolstered its distribution team with the appointment of Cyrus Cottin as head of International Distribution, and the promotion of Pam Clancy to head of Global Consultant Relations, effective immediately. PGIM is the

Sep 13, 2022 10:05 am ET

Prudential Financial seeks to honor teens driving progress

The Prudential Emerging Visionaries program will recognize students ages 14–18 creating positive change in their communities.

Sep 08, 2022 10:00 am ET

PGIM Fixed Income names Diane L. Parker as first head of Diversity, Equity & Inclusion

PGIM Fixed Income has appointed Diane L. Parker as head of Diversity, Equity & Inclusion (DEI). Parker joined the firm Sept. 6 in the newly created role reporting to John Vibert, president, PGIM Fixed Income. With $790 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

Aug 31, 2022 04:10 pm ET

PGIM Closed-End Funds declare distributions for September, October and November 2022

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2022. The distribution amounts and schedule for each fund appear below:

Aug 18, 2022 04:30 pm ET

Toll Brothers Apartment Living® and PGIM Real Estate Announce Joint Venture to Develop 422-Unit Luxury Rental Community in San Diego, California

Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® rental division, and PGIM Real Estate, the $208.7 billion real estate investment and financing business of...

Aug 10, 2022 09:00 am ET

PGIM Quantitative Solutions Strengthens London Team With Senior Appointment

PGIM Quantitative Solutions (PQS), the quantitative and multi-asset solutions specialist of PGIM, has strengthened its London based team with the appointment of Dr. Apostolos Katsaris as senior client portfolio manager for the PGIM Wadhwani investment platform, effective immediately. PGIM is the US$1.3 trillion global investment management business of Prudential Financial, Inc. (

Aug 09, 2022 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.20 per share of Common Stock, payable on September 15, 2022, to shareholders of record at the close of business on August 23, 2022.

Aug 08, 2022 08:45 am ET

Prudential Financial, Inc. to Redeem 5.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2042

Prudential Financial, Inc. (NYSE: PRU) announced today that it will redeem all of the $1,000,000,000 outstanding aggregate principal amount of its 5.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2042 (CUSIP/ISIN No. 744320AL6 / US744320AL68) (the “Notes”). The Notes will be redeemed on Sept. 15, 2022 at a redemption

Aug 04, 2022 09:00 am ET

Prudential FlexGuard® reaches $10B total sales milestone at record pace

Prudential Financial, Inc. (NYSE: PRU) announced that its

Aug 02, 2022 04:18 pm ET

Prudential Financial, Inc. Announces Second Quarter 2022 Results

Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net loss attributable to Prudential Financial, Inc. was $565 million ($1.53 per Common share) for the second quarter of 2022, compared to net income of $2.158 billion ($5.40 per Common share) for the second quarter of 2021. After-tax adjusted operating

Jul 27, 2022 08:00 am ET

Prudential Pulse: Americans Prepare for Economy’s Next Act

Prudential Financial, Inc.’s (NYSE: PRU) latest Pulse research series, “Americans Prepare for the Economy’s Next Act,” finds fears of an economic downturn and high inflation threaten to erode the financial standing and confidence of Americans just as they emerge from the pandemic.

Jul 20, 2022 12:00 pm ET

PGIM Private Capital provides nearly $10B of senior debt and junior capital globally in 1H 2022

PGIM Private Capital provided nearly $10.0 billion of senior debt and junior capital to more than 140 middle-market companies and projects globally in the first half of 2022, marking a record first-half origination volume for the firm.

Jul 13, 2022 04:10 pm ET

TimkenSteel to Purchase Group Annuity Contract for Retiree Pension Benefits

CANTON, Ohio, July 13, 2022 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, on July 7, 2022, entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America ("Prudential") to settle approximately $250 million of the company's approximate $800 million in U.S. pension obligations under the TimkenSteel Corporation Bargaining Unit Pension Plan (the "Pension Plan").

Jul 06, 2022 08:35 am ET

Prudential Financial, Inc. to Announce Second Quarter 2022 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2022 earnings on Tuesday, Aug. 2, 2022, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Jun 23, 2022 08:35 am ET

Prudential Financial 2021 ESG Report details long-term commitment to realize future vision

Prudential Financial, Inc. (NYSE: PRU) today released its annual environmental, social and governance (ESG) report, which provides a comprehensive overview of the company’s efforts to drive sustainability and increased value to the customers, shareholders, employees and communities it serves.

Jun 21, 2022 07:30 am ET

PGIM Fixed Income names Daleep Singh, former deputy national security advisor, as chief global economist

PGIM Fixed Income has named Daleep Singh as chief global economist and head of global macroeconomic research, effective June 21, 2022. With $890 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

Jun 13, 2022 06:00 pm ET

Equinix and PGIM Real Estate Open First xScale™ Data Center in Sydney for Hyperscalers

REDWOOD CITY, Calif., June 13, 2022 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's* global asset management business, today announced the opening of the first xScale data center in Sydney, named SY9x. This milestone follows the closing of the US$575 million joint venture between the parties in March 2022.

Jun 02, 2022 08:45 am ET

PGIM bolsters support for HBCUs with new hire and investment program

PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU) has hired Timothy (Tim) Woods, CFA, as head of HBCU Strategic Initiatives, a new PGIM program.

Jun 01, 2022 03:00 pm ET

Ashcroft Capital Announces Closing of New Partnership Backed by Institutional Investors Including Goldman Sachs Asset Management and Blackstone Strategic Partners

New institutional partners will support the further expansion of Ashcroft's Sun Belt multifamily portfolio

May 31, 2022 04:30 pm ET

Toll Brothers Apartment Living® and PGIM Real Estate Announce Joint Venture to Develop 432-Unit Luxury Rental Community in Boston, Massachusetts

Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® rental division, and PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.5...

May 31, 2022 04:15 pm ET

PGIM Closed-End Funds declare distributions for June, July and August 2022

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July and August 2022. The distribution amounts and schedule for each fund appears below:

May 30, 2022 05:09 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

NEW YORK , May 30, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

May 25, 2022 04:38 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. (“Prudential” or the “Company”) (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980....

May 25, 2022 08:30 am ET

PGIM Investments launches third ESG bond fund

PGIM Investments continues to expand its suite of actively managed fixed income ESG funds with the launch of the PGIM ESG Short Duration Multi-Sector Bond Fund. The new fund is the third ESG mutual fund offered by PGIM Investments, demonstrati

May 24, 2022 08:30 am ET

PGIM Investments launches floating rate ETF

PGIM Investments continues to build out its actively managed fixed income ETF lineup with the launch of the PGIM Floating Rate Income ETF (NYSE Arca: PFRL). The new ETF, which seeks to maximize current income by investing primarily in senior floating rate loans, is managed by PGIM Fix

May 24, 2022 06:00 am ET

CT Realty to Develop 1.7-Million-Square-Foot Garden State Logistics Park in Pennsville, NJ

CT Realty, in joint venture with PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.5 trillion global asset management business of Prudential Financial (NYSE: PRU) has acquired 282 acres of industrial land for the...

May 18, 2022 09:00 am ET

PGIM calls cryptocurrency ‘portfolio kryptonite’ but sees opportunities in broader ecosystem

The latest crypto collapse — in large part driven by poor design of a so-called “stablecoin” — highlights just one of the many reasons why cryptocurrency is a poor choice for long-term investors, according to PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

May 17, 2022 05:53 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

May 11, 2022 10:09 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

NEW YORK, May 11, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

May 11, 2022 08:07 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

May 10, 2022 04:18 pm ET

Prudential Financial Declares Quarterly Dividend on Common Stock

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.20 per share of Common Stock, payable on June 16, 2022, to shareholders of record at the close of business on May 24, 2022.

May 06, 2022 06:48 pm ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

May 05, 2022 08:00 am ET

PGIM Real Estate finances record $22B in loans globally in 2021

Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (

May 03, 2022 04:18 pm ET

Prudential Financial, Inc. Announces First Quarter 2022 Results

Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net loss attributable to Prudential Financial, Inc. was $31 million ($0.10 per Common share) for the first quarter of 2022, compared to net income of $2.828 billion ($6.98 per Common share) for the first quarter of 2021. After-tax adjusted operating inc

May 03, 2022 01:35 am ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

May 03, 2022 01:30 am ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

May 03, 2022 12:40 am ET

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

Apr 28, 2022 10:06 am ET

Ella Gupta of Raleigh and Sahana Mantha of Charlotte awarded $15,000 from Prudential Financial at inaugural Emerging Visionaries Summit

Ella and Sahana are among five Grand Prize winners honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for their work addressing the challenges of a changing world.

Apr 28, 2022 10:06 am ET

Faaris Zuberi from Rockville, Maryland, awarded $15,000 from Prudential Financial at inaugural Emerging Visionaries Summit

Faaris among five Grand Prize winners honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for his work addressing the challenges of a changing world.

Apr 28, 2022 10:06 am ET

Isaac Hertenstein from Greencastle, Indiana, awarded $15,000 from Prudential Financial at inaugural Emerging Visionaries Summit

Isaac was among five Grand Prize winners honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for his work addressing the challenges of a changing world.

Apr 28, 2022 10:06 am ET

Rachel Holmes from San Jose, California, awarded $15,000 from Prudential Financial at inaugural Emerging Visionaries Summit

Rachel was among five Grand Prize winners honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for her work addressing the challenges of a changing world.

Apr 28, 2022 10:05 am ET

Young changemakers awarded $15,000 each from Prudential Financial at inaugural Emerging Visionaries Summit

The five Grand Prize winners were among 25 young people honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for their work addressing the challenges of a changing world

Apr 25, 2022 09:00 am ET

PGIM Real Estate appoints Christy Lockridge as chief diversity, equity and inclusion officer

PGIM Real Estate has appointed Christy Lockridge as the business’s first chief diversity, equity and inclusion officer, based in Chicago. PGIM Real Estate is the $209.3 billion real estate business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).

Apr 06, 2022 08:35 am ET

Prudential Financial, Inc. to Announce First Quarter 2022 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2022 earnings on Tuesday, May 3, 2022, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Apr 04, 2022 08:00 am ET

Prudential Financial completes sale to Empower of full-service retirement business

Prudential Financial, Inc. (NYSE: PRU) announced today the completion of the sale of its full-service retirement business to Empower, the second-largest retirement provider in the U.S.

Apr 01, 2022 08:30 am ET

Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities

Prudential Financial, Inc. (“Prudential”) (NYSE: PRU) and Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”), today announced the completed sale to Fortitude Re of a portion of Prudential’s legacy traditional variable annuity block.

Mar 30, 2022 09:00 am ET

PGIM Real Estate global transactions rose 43% in 2021, driven by US logistics, affordable and senior housing, ESG

PGIM Real Estate completed a record $42.7 billion in transactions globally in 2021, up 43% from the prior year — including $35 billion in transactions in the U.S. alone, up 38% from the previous year. PGIM Real Estate is the $209.3 billion real estate business of PGIM.

Mar 18, 2022 02:00 am ET

Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited

Prudential Financial, Inc. (Prudential Financial) (NYSE: PRU), in partnership with LeapFrog Investments Group, Ltd. (LeapFrog Investments), announced its intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited (JSE: AFH), a leading provider of financial advice, retirement, investment, and holistic wealth management services in South Africa.

Mar 03, 2022 09:02 am ET

AM Best Assigns Issue Credit Rating to Prudential Financial Inc.’s New Junior Subordinated Notes

AM Best has assigned Long-Term Issue Credit Rating of “bbb” (Good) to the $1 billion, 5.125% junior subordinated notes, due March 1, 2052, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook assigned to the Credit Rating (rating) is stable. All other ratings of Prudential and its subsidiaries are unchanged.

Mar 01, 2022 08:30 am ET

PGIM hires Michael Miller to lead new DC Solutions business

PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has appointed Michael Miller as the first head of its new Defined Contribution (DC) Solutions business.

Feb 28, 2022 04:15 pm ET

PGIM Closed-End Funds declare distributions for March, April and May 2022

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April and May 2022. The distribution amounts and schedule for each fund appears below:

Feb 23, 2022 10:00 am ET

Timber Operators Council Retirement Plan entrusts Prudential to fulfill $245 million in pension promises to 3,000 retirees and deferred participants

Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, by which Timber Operators Council Retirement Plan (“TOCRP”) settled approximately $245 million of its pension plan obligations, for approximately 3,000 retirees, beneficiaries and deferred participants, through the purchase of a group annuity contract from The Prudential Insurance Company of America (PICA). PICA is expected to assume responsibility for paying these benefits beginning April 1, 2022. PICA is a subsidiary of Prudential Financial, Inc.

Feb 16, 2022 08:00 am ET

PGIM Private Capital raises $2.4 billion for Direct Lending fund, PGIM Senior Loan Opportunities I, L.P.

PGIM Private Capital has completed fundraising for PGIM Senior Loan Opportunities I, L.P. (“PSLO I”), with available capital commitments exceeding $2.4 billion. PSLO I marks PGIM Private Capital’s inaugural Direct Lending fund subscribed by unaffiliated investor

Feb 15, 2022 09:06 am ET

Arizona youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Arun Moorthy, 16, of Scottsdale, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to his community.

Feb 15, 2022 09:06 am ET

California youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Rachel Holmes, 18, of San Jose; Kayli Joy Cooper, 17, of Studio City; Naomi Porter, 17, of Rancho Palos Verdes; and Khloe Thompson, 14, of Yorba Linda, today were each named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to their communities.

Feb 15, 2022 09:06 am ET

Florida youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Jonah Basi, 17, of Fort Lauderdale; Sayers Grooms, 16, of Gainesville; and Jonathan Tamen, 17, of Miami Beach, today were each named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to their communities.

Feb 15, 2022 09:06 am ET

Georgia youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Chris Matthews, 14, of McDonough, and Arnav Tripathi, 17, of Cumming, today were each named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to their communities.

Feb 15, 2022 09:06 am ET

Hawaii youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Esther Chan, 15, of Honolulu, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

Illinois youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Tavish Sharma, 18, of Libertyville, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to his community.

Feb 15, 2022 09:06 am ET

Indiana youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Isaac Hertenstein, 15, of Greencastle, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to his community.

Feb 15, 2022 09:06 am ET

Kentucky youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Amelie Beck, 15, of Louisville, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

Maryland youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Faaris Zuberi, 17, of Rockville, and Arthur Wang, 17, of Columbia, today were each named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to their communities.

Feb 15, 2022 09:06 am ET

Missouri youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Elise Zeigler, 17, of St. Louis, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

Nevada youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Jordyn Cambeiro, 16, of Henderson, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

New Jersey youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Sriya Tallapragada, 15, of New Providence, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

North Carolina youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Ella Gupta, 17, of Raleigh, and Sahana Mantha, 15, of Charlotte, today were each named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to their communities.

Feb 15, 2022 09:06 am ET

Oregon youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Aaron Li, 17, of Portland, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to his community.

Feb 15, 2022 09:06 am ET

Pennsylvania youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Isabella Hanson, 16, of Chadds Ford, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

Texas youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Stephanie Wang, 17, of Katy, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:06 am ET

Washington youth recognized in first-ever Prudential Emerging Visionaries program

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Anya Shukla, 18, of Bellevue, today was named a 2022 Prudential Emerging Visionary for bringing powerful vision and meaningful change to her community.

Feb 15, 2022 09:05 am ET

Prudential Financial names its first-ever Prudential Emerging Visionaries

NEWARK, N.J., Feb. 15, 2022 /PRNewswire/ -- Prudential Financial today announced its inaugural class of Prudential Emerging Visionaries — 25 young people from across the country with an inspiring commitment to improving the lives of others.

Feb 10, 2022 08:00 am ET

PGIM Private Capital provided record $14.5B in private debt globally in 2021

PGIM Private Capital provided $14.5 billion of senior debt and junior capital to 216 middle-market companies and projects globally in 2021, completing a record year of originations for the firm. PGIM Private Capital is a leading source of private debt for public and pr

Feb 09, 2022 08:35 am ET

Prudential Financial, Inc. to Participate in Bank of America 2022 Virtual Insurance Conference; Live Webcast Available

Prudential Financial, Inc. (NYSE: PRU) will participate in the Bank of America 2022 Virtual Insurance Conference on Wednesday, Feb. 16, 2022. On that day at approximately 3:25 p.m. ET, Charles Lowrey, chairman and CEO, will participate in an analyst-led fireside chat.

Feb 03, 2022 04:18 pm ET

Prudential Financial, Inc. Announces 2021 Results

Prudential Financial, Inc. (NYSE: PRU) today reported fourth quarter and year-end 2021 results. Net income attributable to Prudential Financial, Inc. was $1.208 billion ($3.13 per Common share) for the fourth quarter of 2021, compared to net income of $819 million ($2.03 per Common share) for the fourth quarter of 2020. After-ta

Jan 25, 2022 09:14 am ET

PGIM continues commitment to ESG with newly created global head of ESG role

PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), continues and deepens its focus on environmental, social and governance (ESG) investing with the appointment of Eugenia Unanyants-Jackson to the newly created role of global head of ESG, February 1 2022. Based in London and reporting to PGIM’s

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Prudential Financial Inc (N:PRU)

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