December 26, 2017

Quincy Krosby: Low trading volumes expected globally during holiday week

There will be a thinly traded market during the holiday week with a light package of data releases, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

December 21, 2017

Prudential, Legal & General reach sixth longevity reinsurance agreement

Prudential Retirement and Legal & General Group plc concluded their sixth longevity reinsurance agreement since 2014.

December 20, 2017

Prudential invests in LeapFrog Talent Accelerator to develop leadership skills for emerging-markets companies

It takes more than money to make a difference. It takes smart money.

Prudential Financial, Inc. made a $1.5 million cornerstone investment in the LeapFrog Talent Accelerator, a program designed to develop chief executive officers, C-suite executives and middle managers for rapidly growing financial services and health care firms in Africa and Asia.

December 20, 2017

Quincy Krosby’s Q1 2018 Commentary: Turning the Page

With a new year comes potential market movers new and old, ranging from cryptocurrency to corporate capital spending to a possible tax-law overhaul. Quincy Krosby, Prudential’s chief market strategist, provides a guide to what we are facing in the first quarter in her Q1 2018 market commentary: Turning the Page

December 18, 2017

Quincy Krosby: Will traders hit the sell button on the tax reform vote news?

Despite a calendar of important economic data this week, the tax reform plan takes center stage as it most likely makes it back to both houses of Congress for a vote – one the market expects to be a “yes,” Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

December 14, 2017

Prudential Financial, Inc. 2018 Financial Outlook Call Materials Available

NEWARK, N.J.--(BUSINESS WIRE)--Dec. 14, 2017-- Presentation materials for the Prudential Financial, Inc. (NYSE:PRU) 2018 Financial Outlook Call, commencing today at 11:00 a.m. ET, are available at Prudential's Investor Relations website, www.investor.prudential.com. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through...
December 13, 2017

Kelly A. Abeles joins Prudential Group Insurance association business

NEWARK, N.J., Dec. 13, 2017 – Kelly A. Abeles has joined Prudential Group Insurance as vice president, Association Strategy and Account Management, where her responsibilities will include in-force revenue development and strategic business planning and development. Prudential Group Insurance is a business of Prudential Financial, Inc. (NYSE: PRU).

December 11, 2017

Quincy Krosby: Start of Bitcoin futures trading dominates market news

It’s Bitcoin Monday, with the cybercurrency dominating news coverage as it begins trading today on a major exchange for the first time, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

December 10, 2017

American workers trust life insurers for financial security, survey says

What keeps American workers awake at night? For one in three, it’s the fear of losing a loved one.

This finding, among several insights from the American Workers Surveycould be why 87 percent of respondents say life insurance is important, and why two in three have coverage.

December 06, 2017

Prudential Financial, Inc. Announces Pricing Terms and Election to Increase the 2047 Notes Cap and the 2049 Notes Cap of its Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Dec. 6, 2017-- Prudential Financial, Inc. (the "Company") (NYSE: PRU) announced today, among other things, the pricing terms of its offers to certain eligible holders (together, the "Exchange Offers") of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the "Existing Notes") to exchange Pool 1 Existing Notes for consideration consisting of the Company's 3.905% Notes due 2047 (the "New 2047 Notes") and to exchange Pool 2 Existing Notes for consideration consisting of the Company's 3.935% Notes due 2049 (the "New 2049 Notes"), the complete terms an...
December 06, 2017

PGIM Real Estate acquires Tower at One Greenway apartment community in Boston

BOSTON, Dec. 6, 2017PGIM Real Estate has acquired the Tower at One Greenway, a 21-story Class A apartment community in Downtown Boston, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

December 06, 2017

Prudential Financial, Inc. Announces Early Participation Results and Early Settlement Election of its Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Dec. 6, 2017-- Prudential Financial, Inc. (the "Company") (NYSE: PRU) announced today the results, as of the Early Participation Date of 5:00 p.m. New York City time, on December 5, 2017, of its offers to certain eligible holders (together, the "Exchange Offers") of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the "Existing Notes") to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company's new notes due 2047 (the "New 2047 Notes") and to exchange Pool 2 Existing Notes for ...

December 05, 2017

PGIM Real Estate Finance provides $48.1 million HUD loan for Vistas at Jackson Creek in Colorado

MONUMENT, COLO., Dec. 5, 2017 – PGIM Real Estate Finance has provided a $48.1 million acquisition loan for Vistas at Jackson Creek in Monument, Colorado. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

December 05, 2017

Jennison Associates hires global head of distribution Lori McEvoy

NEW YORK, Dec. 05, 2017 - Jennison Associates announced today that Loraine “Lori” McEvoy will join the firm as their global head of distribution, effective Dec. 15, 2017. The new role, which combines oversight of all of Jennison’s client-facing sales and servicing activity, will include responsibility for institutional, subadvisory, and retail distribution; consultant relations; and client service. McEvoy will report to Jeffrey T. Becker, Jennison’s chairman and chief executive officer.

December 04, 2017

Quincy Krosby: Tax reform, $69 billion megadeal, jobs report among potential market movers

The Senate’s passage of its version of a tax reform bill is being greeted by the market as a viable sign that congressional Republicans are determined to get a deal signed, sealed and delivered to the president’s desk as quickly as possible, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 30, 2017

PGIM Real Estate and Hanover Company acquire Houston apartment community

HOUSTON, Nov. 30, 2017PGIM Real Estate and Hanover Company, a Houston-based private real estate firm specializing in high-quality multifamily residential properties, have formed a joint venture to acquire a Class A apartment community in Houston. The property, previously known as Mosaic at Hermann Park, has been rebranded as Hanover Hermann Park. PGIM Real Estate, acting on behalf of institutional investors, is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

November 29, 2017

QMA continues to build global platform; hires John Gee-Grant as first head of international distribution

NEWARK, N.J., Nov. 29, 2017 - John Gee-Grant will join QMA in the newly created role of head of international distribution and global consultant relations, as the company continues to expand its global capabilities in client and business development.

November 27, 2017

Quincy Krosby: Incoming Fed Chair confirmation hearing, Yellen testimony, tax reform among market movers

Jerome Powell’s Federal Reserve chairman confirmation hearing will be followed by investors and traders as he explains how he would handle an economic crisis and why he thinks inflation remains stubbornly low, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 22, 2017

In open letter, Prudential appeals to corporate leaders on financial wellness

Nearly six in every 10 American workers are stressed about their current financial situation—and Prudential is calling on all U.S. employers to do something about that stress.

November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 21, 2017-- Prudential Financial, Inc. (the “Company�) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers�) of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes�) to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company's new notes due 2047 (the “New 2047 Notes�) and to exchange Pool 2 Existing Notes for consideration of up to $650,000,000 aggregate principal amount of the Company's new note...
November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 21, 2017-- Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes”) to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company’s new notes ...

November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J., Nov. 21, 2017 - Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below...

November 20, 2017

Quincy Krosby: Economic data releases mark Thanksgiving-shortened trading week

In a holiday-shortened trading week, there is still important data for the market to digest, including the index of leading economic indicators, existing home sales, durable goods orders and minutes from the latest Federal Reserve meeting, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 14, 2017

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 14, 2017-- Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on December 14, 2017, to shareholders of record at the close of business on November 27, 2017. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect ...
November 13, 2017

PGIM Investments names new global chief marketing officer

NEWARK, N.J., Nov. 13, 2017 - PGIM Investments has named Sheri Taylor Gilchrist global chief marketing officer, charged with helping to drive the company’s strategy to expand globally. PGIM Investments is the global fund manufacturer of PGIM, the $1 trillion global investment businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

November 13, 2017

Quincy Krosby: Market will focus on inflation, retail sales, consumer sentiment and tax reform headlines

There is much for the market to absorb this week, particularly on inflation data, retail sales and consumer confidence, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

November 09, 2017

Prudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement

NEWARK, N.J., Nov. 09, 2017 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction since 2015. In the agreement, The Prudential Insurance Company of America assumes the longevity risk for $1.2 billion (about £900 million) in pension liabilities, covering approximately 4,000 pensioners across four pension schemes.

November 08, 2017

PGIM Real Estate acquires mixed-use lifestyle center LaCenterra at Cinco Ranch in Houston suburb

PGIM Real Estate has acquired LaCenterra at Cinco Ranch, a 412,900-square-foot outdoor mixed-use retail lifestyle center in Katy, Texas, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

November 07, 2017

For deployed military and their families, Veterans Day a chance to connect

In one life, Jared Kebea is a father of two teenagers and a 4-year-old, living in Springfield, New Jersey, and a project management specialist for Prudential Financial’s Enterprise Services & Systems department. In the other, he’s a master sergeant with the 20th Special Forces Group (Airborne) of the Massachusetts Army National Guard and 10-year veteran of the U.S. Army. 

November 06, 2017

Quincy Krosby: Market will focus on geopolitical drama in light week for economic data

A light calendar for economic data should leave the market focused on President Trump’s Asian trip, tax reform negotiations, Saudi Arabia’s “anti-corruption” roundup, and the last of high-profile names reporting earnings, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 03, 2017

Natural disasters don’t need to be financial disasters

Even if the damage to homes and personal property is devastating, the financial impact of a natural disaster doesn’t have to be. There are lessons to be learned from those who bounced back from past disasters—and the strategies, programs and policies that helped them do it.

November 01, 2017

Prudential Financial, Inc. Announces Third Quarter 2017 Results

Net income attributable to Prudential Financial of $2.238 billion or $5.09 per Common share versus $1.827 billion or $4.07 per share for year-ago quarter. After-tax adjusted operating income of $1.323 billion or $3.01 per Common share versus $1.191 billion or $2.66 per share for year-ago quarter. Significant items: in 3Q:17, net income and adjusted operating income include a net benefit of 7 cents per Common share, and in 3Q:16, net income and adjusted operating income include a net benefit of 15 cents per Common share, from items discussed later in this release. ...
October 30, 2017

Quincy Krosby: Tax reform push, earnings continue with Apple headlining, data deluge, Fed meeting and naming of Fed chair

Another incredibly busy week for the markets will be led by developments on tax reform, more big-name earnings releases, and the possibility that a new Fed chair will finally be announced, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 26, 2017

Spooky fact: Workers spend more time on Halloween than on benefits decisions

It’s that season again, when ghosts and goblins take to the streets, Thanksgiving menus are planned and gift lists are written—and when most employers offer open enrollment for health and benefit plans.

October 26, 2017

Aging populations, low birthrates require retirement solutions

Each year, key executives from Prudential Retirement gather with policy makers, business leaders, and researchers from across the globe for the annual International Longevity Risk and Markets Solutions Conference to address aging trends and the global challenge of creating retirement security. Offering insights into how we grapple with this demographic shift were Dylan Tyson, the Chief Executive for Prudential of Taiwan, and Amy Kessler, Prudential’s head of Longevity Risk Transfer.

October 25, 2017

CEO John Strangfeld talks retirement security with Fox Business reporter Maria Bartiromo in Saudi Arabia

Chairman and CEO John Strangfeld joined some of the biggest names in investing at the Future Investment Initiative conference in Saudi Arabia this week. Prior to his panel appearance, Strangfeld was interviewed live by Maria Bartiromo for her “Mornings with Maria” segment on Fox Business. Bartiromo covered a range of topics, from the prospects for tax reform in the United States to the recent debate in Washington, D.C., about potential changes to limits on 401(k) contributions.

October 24, 2017

Through pro bono service, Prudential employees put professional skills to work for local nonprofits

Teams of Prudential employees in Newark and Hartford are pairing up with local nonprofits, offering support and advice on business strategy, finance, marketing and HR. The events are part of Pro Bono Week, a worldwide celebration of professional services donated in the public interest.

October 23, 2017

Quincy Krosby: Earnings deluge, ECB decision, Abe win, tax reform and Fed chair guessing game on the market’s mind

Entering the last days of October, the market will focus on a big earnings week, big decisions by Mario Draghi and President Donald Trump, as well as the decisive outcome of Japan’s snap election and the progress of tax reform, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 20, 2017

Pramerica opens state-of-the-art campus in Letterkenny

LETTERKENNY, Republic of Ireland, Oct. 20, 2017 – Pramerica Systems Ireland Limited, a wholly-owned subsidiary of Prudential Financial, Inc., today opened a new €42 million campus in Letterkenny, continuing its long-term commitment to County Donegal. Opening with just eight employees in 2000, Pramerica has grown to become the largest employer in the northwest region with more than 1,500 people on staff.    

October 18, 2017

Broad, Balanced Growth Puts Emerging Markets in Focus

In the latest edition of PGIM Fixed Income’s quarterly outlook, Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, looks at a global recovery that is often characterized as “sluggish,” but one that may ultimately be remembered for its durability.

October 16, 2017

Quincy Krosby: Earnings, budget, range of economic data may be this week’s market movers

A week of earnings from nearly every sector, focus on budget talks and data releases including housing, industrial production, manufacturing and leading indicators are likely market movers this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

October 10, 2017

In Newark, anchor institutions prove model for revitalizing cities

How does a city impacted by decades of crime, poverty, unemployment and divestment rise again? The answer can be found in a place often overlooked by many—New Jersey’s largest city, Newark.

October 09, 2017

Quincy Krosby: Inflation gauges; earnings season; “calm before the storm” among potential market movers

Markets this week will focus on economic fundamentals including the producer price and the consumer price indexes, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 09, 2017

QMA extends global platform; names Adam Broder to lead client, business development

NEWARK, N.J., Oct. 9, 2017 - Adam Broder will join QMA as head of Global Distribution, a new role that combines oversight of all client-facing activity for the first time. In this capacity, he will lead a team to extend new global capabilities in client and business development.

October 04, 2017

Grammy Museum Experience Prudential Center ribbon-cutting on Oct. 19 to feature tribute to Newark native Whitney Houston, rising local youth musicians and more

NEWARK, N.J., October 4, 2017 -  Prudential Center and the forthcoming GRAMMY Museum Experience™ (developed in partnership with the Los Angeles-based GRAMMY Museum®) have announced today details for the Experience’s ribbon-cutting ceremony on Thursday, Oct. 19 from 11 a.m. to 3 p.m. at Prudential Center in Newark.

October 03, 2017

Employee donations push Prudential disaster relief closer to $3.15 million

In response to recent natural disasters around the globe, The Prudential Foundation and Prudential employees have combined to commit up to $3.15 million to the American Red Cross and UNICEF disaster relief efforts worldwide.

October 02, 2017

Prudential Entrusted with Pension Promises to Approximately 45,000 International Paper Retirees

NEWARK, N.J., Oct. 02, 2017 - International Paper (NYSE:IP) will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America (NYSE: PRU), a leader in retirement benefits. The agreement transfers to Prudential the responsibility for paying pension benefits to roughly 45,000 of International Paper’s retirees and their beneficiaries.

October 02, 2017

Quincy Krosby: Tax reform, employment situation report, Fed speakers may move markets

Tax reform will again take center stage as Trump administration officials continue to sell their tax reform framework to the American people, and important data releases may dominate the market, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

October 02, 2017

Prudential named best workplace for Latinas by LATINA Style magazine

NEWARK, N.J., Oct. 2, 2017 – Yanela Frias walked into her employee orientation program at Prudential Financial, Inc. 20 years ago in Newark, New Jersey, filled with excitement about her new position as an entry-level accounting associate. Now she runs the company’s Investment & Pension Solutions business with $230 billion in assets and is the 49,000-employee company’s most senior Latina.

October 02, 2017

Quincy Krosby's Q4 2017 Commentary: The End Game

The end of the year is rapidly approaching, and anyone overwhelmed by recent headlines may be forgiven for thinking a little holiday cheer can’t come soon enough. The fourth quarter tends to be, statistically at least, the most hospitable for markets, while the third quarter is known for heightened volatility. Quincy Krosby, Prudential’s chief market strategist, leads us through potentially positive and negative indicators in her Q4 2017 market commentary: The End Game.

September 27, 2017

Prudential Financial to Announce Third Quarter 2017 Earnings; Schedules Conference Call

NEWARK, N.J.--(BUSINESS WIRE)--Sep. 27, 2017-- Prudential Financial, Inc. (NYSE:PRU) will release its third quarter 2017 earnings on Wednesday, November 1, 2017, 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. Members of Prudential's senior management will host a conference call on Thursday, November 2, 2017, at 11:00 a.m. ET, to discuss with the investment community the company's third quarter results. Conference Call Information The conference call will be broadcast l...
September 25, 2017

Quincy Krosby: Trump’s agenda on health care, tax reform may dominate markets

President Donald Trump’s legislative agenda, led by attempts to repeal and replace the Affordable Care Act by the end of September, probably will dominate the market this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

September 22, 2017

For Asia’s rapidly aging populations, innovation and forward-thinking policies drive retirement security

TAIPEI, Taiwan, September 22, 2017 - The quickening pace of aging in Asia – a region with more than half the world’s population over 60 – has urgent implications for the region’s families, retirees, pensions and policy makers.

September 18, 2017

Prudential names Candace Woods chief actuary

NEWARK, N.J., September 18, 2017 - Prudential Financial, Inc. (NYSE: PRU) announced that Candace Woods will be promoted to senior vice president and assume the role of chief actuary of Prudential. She will succeed Richard Lambert, who has decided to retire from the company early next year after a distinguished career with Prudential.

September 18, 2017

Quincy Krosby: FOMC meeting, Fed balance sheet to dominate market this week

The Federal Open Market Committee will likely announce the beginning of the reduction of its $4.5 trillion balance sheet in what promises to be a busy week for the markets, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

September 14, 2017

MMC UK Pension Fund, advised by Mercer, selects Prudential and Canada Life Reinsurance to reinsure the longevity risk of £3.4 Billion ($4.3 billion) in pension liabilities

The Trustee of the MMC UK Pension Fund (the “Fund”) has announced the largest longevity risk transfer for a UK pension fund since 2014. The transaction, which reinsures the longevity risk of £3.4 billion ($4.3 billion) in pension liabilities, will provide long-term protection and income to the Fund in the event that the covered participants live longer than expected. It also lowers the risk that Marsh & McLennan Companies will face unexpected pension contributions due to an increase in pensioner life expectancy.

September 11, 2017

George Patterson to join QMA, co-lead unified Global Equity Platform with Peter Xu

NEWARK, N.J., Sept. 11, 2017 George N. Patterson will join QMA’s investment team to co-lead a unified Global Equity Platform, aligning the firm’s U.S. Value, U.S. Core and Non-U.S. Core investment strategies under one leadership team. The new platform will allow QMA to refine and customize products in response to the needs of its global client base, consistent with its long-term, research-led investment philosophy.

September 11, 2017

Quincy Krosby: Markets unwind safety trades as North Korea, hurricane threats ease

Markets are unwinding risk-off safety trades that saw gold climb to almost a one-year high and the 10-year Treasury yield threaten to dip below 2 percent as North Korea celebrated its Day of the Foundation without launching a missile, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. Also, Hurricane Irma was less destructive than forecast.

September 08, 2017

Prudential Financial, Inc. to Participate in CECP's CEO Investor Forum; Live Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--Sep. 8, 2017-- Prudential Financial, Inc. (NYSE:PRU) will participate in CECP's Strategic Investor Initiative CEO Investor Forum in New York on Tuesday, September 19, 2017. On that day at approximately 9:25 a.m. (ET), Mark Grier, Vice Chairman, Prudential Financial, will discuss the company's long-term business strategies and purpose. Interested parties may listen to the presentation through a live audio webcast and view the presentation materials on Prudential Financial's Investor Relations website at investor.prudential.com. Please log on at least fifteen minutes early to register as well ...
September 05, 2017

Prudential Short Duration High Yield Fund, Inc., and Prudential Global Short Duration High Yield Fund, Inc., appoint new directors

NEWARK, N.J., Sept. 5, 2017 – Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) announce the appointment of Barry H. Evans and Laurie Simon Hodrick to their board of directors. 

September 05, 2017

The Board of Directors of Prudential Funds adds two new independent directors to its open-end mutual fund board

NEWARK, N.J., Sept.5, 2017 – Barry H. Evans and Laurie Simon Hodrick have been named independent directors for open-end mutual funds offered by PGIM Investments, the $90 billion retail investments business of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

September 05, 2017

Quincy Krosby: North Korea concerns continue to weigh on U.S. markets

Heightened geopolitical concerns centered on North Korea will once again weigh on U.S. markets this week amid reports in the South Korean press that the north is preparing for another intercontintental missile launch, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

September 01, 2017

Choosing the same “walkway” key to couples’ retirement success

The decision to retire and enter a new, unfamiliar stage in life can be a challenge for anyone who has spent decades in the workplace. But including a spouse or partner in the equation—whether he or she is ready to retire—adds another layer of complexity.

August 30, 2017

Gig economy may threaten financial wellness of contract workers, Prudential survey shows

NEWARK, N.J., Aug. 30, 2017 - The gig economy — the increasingly popular employment model where people work as independent contractors rather than employees of companies — has a destabilizing effect on personal financial security, a Prudential Financial, Inc. (NYSE: PRU) survey shows.

August 30, 2017

Paul Gable joins Prudential Group Insurance as chief underwriting officer

NEWARK, N.J., Aug. 30, 2017 - Paul Gable has joined Prudential Group Insurance as chief underwriting officer, where he will assume national leadership of all underwriting functions. Prudential Group Insurance is a business of Prudential Financial, Inc. (NYSE:PRU).

August 29, 2017

Prudential supports Hurricane Harvey relief efforts

Prudential supports the heroic recovery and relief efforts underway in the wake of Hurricane Harvey. The Prudential Foundation has pledged a $500,000 grant to the American Red Cross, which has been providing shelter, food and search and rescue operations in Texas and the Gulf Coast.

August 28, 2017

Quincy Krosby: Hurricane Harvey, tax reform and employment data may stir market this week

For what is typically a quiet week in August, the market must digest a package of important market-moving data releases, the President’s visit to Texas in the wake of Hurricane Harvey and the beginning of his tax reform roadshow... 

August 25, 2017

Hardship withdrawals peak in August, operations data analysis reveals

In her 29-year career at Prudential Financial, Inc., Sue Unvarsky has learned the retirement business inside and out—Yet even she was surprised to discover how an internal analysis of transactional volumes revealed a cyclical threat to her customers’ financial futures.

August 21, 2017

Quincy Krosby: Geopolitical concerns continue to shadow market this week

Geopolitical concerns continue to hover over the market this week as the U.S. and South Korea began joint military exercises amid threats from North Korea, Prudential’s Chief Market Strategist Quincy Krosby said on her weekly “Connecting the Dots” outlook.

August 15, 2017

Finance chiefs’ pension risk transfer motivations revealed in new research

NEWARK, N.J., Aug. 15, 2017 - The increasing costs and volatility of managing defined benefit pension plans have long been at the center of the motivations for transferring a company’s pension risk to an insurer. But which costs and what kinds of volatility are finance chiefs most concerned about? A new survey involving 80 senior finance executives at companies with traditional pensions sheds light on the motivations behind pension risk transfer decisions in the executive suite. 

August 14, 2017

Prudential Financial, Inc. to Participate in KBW 2017 Insurance Conference; Live Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--Aug. 14, 2017-- Prudential Financial, Inc. (NYSE:PRU) will participate in the KBW 2017 Insurance Conference in New York on Thursday, September 7, 2017. On that day at approximately 9:30 a.m. ET Mark Grier, Prudential Financial, Inc.'s Vice Chairman, will discuss the company's businesses and strategies. Interested parties may listen to the presentation through a live audio webcast on Prudential Financial's Investor Relations website at investor.prudential.com. Please log on at least fifteen minutes early to register and download and install any necessary software. A replay will...
August 14, 2017

Prudential Capital Group provides $7.1 billion to middle-market companies in the first half of 2017

CHICAGO, Aug. 14, 2017 - Prudential Capital Group, a leading source of private capital for public and private companies, has provided more than $7.1 billion to companies and projects worldwide in the first two quarters of 2017. This milestone represents an increase of $1.8 billion compared to the first half of 2016, and an almost doubling in investments outside of North America. Prudential Capital Group is the private placement arm of PGIM, the $1.1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

August 14, 2017

Quincy Krosby: Market stays wary on North Korea situation; important data coming this week

The market this week opened with a risk-on tone as several members of President Donald Trump’s cabinet stressed that diplomacy will be the preferred solution to threats from North Korea, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

August 09, 2017

Going back to school with a plan to beat student loan debt

For far too many college students entering their senior year, student loan debt is causing more sleepless nights than final exams—but not for Eve Mahaney, a Class of 2018 photography major at Ithaca College and daughter of Jim Mahaney, Prudential’s vice president of strategic initiatives.

August 08, 2017

Prudential Financial declares quarterly dividend on Common Stock

NEWARK, N.J., Aug. 08, 2017 - Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on September 14, 2017, to shareholders of record at the close of business on August 22, 2017.
August 08, 2017

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J.--(BUSINESS WIRE)--Aug. 8, 2017-- Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on September 14, 2017, to shareholders of record at the close of business on August 22, 2017. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their ...
August 07, 2017

Quincy Krosby: Corporate earnings strength, upbeat guidance drive Dow gains

Second-quarter earnings strength has helped propel the Dow Jones Industrial Average to new levels as positive corporate guidance predicts continued growth, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

August 02, 2017

Prudential Financial, Inc. Announces Second Quarter 2017 Results

Net income attributable to Prudential Financial of $491 million or $1.12 per Common share versus $921 million or $2.04 per share for year-ago quarter. After-tax adjusted operating income of $919 million or $2.09 per Common share versus $829 million or $1.84 per share for year-ago quarter. Significant items in 2Q17, reflecting an annual review of actuarial assumptions and other refinements and the impact of market performance on Annuities, resulted in a net charge to net income of 65 cents per Common share for ongoing businesses and a net charge to adjusted operating ...
August 02, 2017

Prudential Financial, Inc. Announces Second Quarter 2017 Results

NEWARK, N.J., Aug. 2, 2017 – Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net income attributable to Prudential Financial, Inc., was $491 million ($1.12 per Common share) for the second quarter of 2017, compared to $921 million ($2.04 per Common share) for the second quarter of 2016. After-tax adjusted operating income was $919 million ($2.09 per Common share) for the second quarter of 2017, compared to $829 million ($1.84 per Common share) for the second quarter of 2016. 
August 01, 2017

Filling the skills gap with investments in workforce retraining

What if companies and communities have plenty of good-paying jobs available… but no one able to fill them? It’s not a hypothetical question. There are 6 million unfilled jobs and 6.8 million people looking for employment in America today.  The problem is that the people looking for work do not have the skills needed for the open jobs. This is due to the changing nature of today’s workforce and lack of effective training programs to properly train people in the right skills. 

August 01, 2017

PGIM Real Estate acquires The Quaye at Palm Beach Gardens

PALM BEACH GARDENS, Fla., Aug. 1, 2017PGIM Real Estate has acquired The Quaye at Palm Beach Gardens, a 340-unit, Class A apartment community in Palm Beach Gardens, Florida, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

July 31, 2017

Quincy Krosby: Apple earnings, employment report to be this week’s market movers

Earnings reports from companies including Apple Inc. as well as a broad range of economic data releases probably will be the prime market movers this week, Prudential’s Chief Market Strategist Quincy Krosby said on her weekly “Connecting the Dots” outlook.

July 26, 2017

PGIM Real estate acquires Midtown Atlanta office tower

ATLANTA, July 26, 2017PGIM Real Estate has acquired Regions Plaza, a 23-story, Class A office tower in Atlanta, Georgia, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU)

July 24, 2017

Prudential Retirement names new leaders to oversee Full Service and Sales

NEWARK, N.J., July 24, 2017 - Prudential Retirement has named Harry Dalessio head of its Full Service Solutions group, which provides defined contribution, defined benefit and non-qualified retirement plan solutions to public, private and nonprofit organizations.
July 24, 2017

Quincy Krosby: Earnings reports, Fed meeting likely market movers

Earnings from major companies across several sectors as well as a Federal Reserve meeting are likely to be the major movers in a busy week for the markets, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

July 21, 2017

PGIM: Capturing alpha from growing emerging markets will require new investment approach

A radical shift in the forces shaping emerging market growth will require investors to take a different investment approach from what may have worked in the past. Increasingly, discovering investment opportunities will be rooted in the ability to capture the alpha from the new growth drivers, rather than in chasing the beta of the broad universe.

July 20, 2017

Prudential places customers at its structural core; announces new leadership architecture for U.S. businesses

NEWARK, N.J., July 20, 2017 - Prudential Financial, Inc. (NYSE:PRU) today announced a new organizational structure for its U.S. businesses that extends its customer reach and facilitates pathways to new markets. The structure better reflects the company’s strategic focus on leveraging its mix of businesses and its digital and customer engagement capabilities to expand its value proposition for the benefit of customers and stakeholders.

July 19, 2017

Industrial projects key focus as PGIM Real Estate Finance generates $1.2 billion in transactions for first half of 2017

NEWARK, N.J., July 19, 2017 - PGIM Real Estate Finance, long attracted to the industrial sector, has closed more than $1.2 billion in commercial mortgage loans within the sector through the first half of 2017 as e-commerce continues to drive industrial development. The loans include transactions in the U.S., the U.K. and Australia, representing about a third of the company’s originations through June 30.

July 18, 2017

Prudential Financial, Inc., and CT Corp create life insurance joint venture in Indonesia

JAKARTA, July 18, 2017CT Corp and Prudential Financial, Inc. (NYSE: PRU), have created a joint venture to provide life insurance solutions to a broad spectrum of people in Indonesia through a multi-channel distribution strategy, the companies announced today. Under the recently closed agreement, which has been approved by OJK regulators in Indonesia, Prudential’s Pruco Life Insurance Company has acquired a 49 percent interest in CT Corp’s wholly-owned life insurance subsidiary, PT Asuransi Jiwa Mega Indonesia.

July 17, 2017

Nathan Sheets joins PGIM Fixed Income as chief economist

NEWARK, N.J., July 17, 2017 - Nathan Sheets has joined PGIM Fixed Income as chief economist and head of Global Macroeconomic Research. With $654 billion in assets under management as of March 31, 2017, PGIM Fixed Income is among the largest global fixed income managers. PGIM Fixed Income is a business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).

July 17, 2017

PGIM Fixed Income: The return of absolute return fixed income

Although the majority of the three-decade, bull market in bonds is likely behind us, PGIM Fixed Income believes fixed income, including Absolute Return Fixed Income, still provides plenty of opportunities for investors. In The Return of Absolute Return Fixed Income, Michael Collins, senior investment officer and portfolio manager for Multi-Sector Fixed Income strategies, discusses different types of absolute return fixed income portfolios and how a well-diversified, duration-constrained approach can take advantage of alpha-generating opportunities while avoiding systematic exposure to rising interest rates.

July 17, 2017

Quincy Krosby: Earnings reports will likely be prime market mover this week

A wide spectrum of earnings reports and a fresh round of economic data are likely to be the prime market movers this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 27, 2017

Prudential Financial to Announce Second Quarter 2017 Earnings; Schedules Conference Call

NEWARK, N.J.--(BUSINESS WIRE)--Jun. 27, 2017-- Prudential Financial, Inc. (NYSE:PRU) will release its second quarter 2017 earnings on Wednesday, August 2, 2017, 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. Members of Prudential's senior management will host a conference call on Thursday, August 3, 2017, at 11:00 a.m. ET, to discuss with the investment community the company's second quarter results. Conference Call Information The conference call will be broadcast liv...
June 22, 2017

Prudential Financial to Host 2018 Tokyo Investor Day

NEWARK, N.J.--(BUSINESS WIRE)--Jun. 22, 2017-- Prudential Financial, Inc. (NYSE:PRU) will host a conference for analysts and investors in Tokyo, Japan on Thursday, September 27, 2018. Details will be announced closer to the date of the meeting. Questions may be directed to Investor Relations at investor.relations@prudential.com. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individ...
June 06, 2017

Prudential Financial 2017 Investor Day Presentation Materials and Live Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--Jun. 6, 2017-- Presentation materials for the Prudential Financial, Inc. (NYSE: PRU) conference for institutional investors and analysts are now available at Prudential's Investor Relations website, www.investor.prudential.com. The conference begins on Tuesday, June 6, 2017, at 8:30 a.m. Eastern Time. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping indiv...
May 24, 2017

On graduation day, students dream big, face down debt

Caps and gowns, hugs and hurrahs, flowers and camera flashes filled the plaza outside The Prudential Center in downtown Newark, N.J., following a recent Rutgers University-Newark commencement ceremony. Many of the Class of 2017 acknowledged the sacrifices made to get them there. Those with student loan debt, however, discussed the sacrifices they have yet to make.

May 22, 2017

Prudential: Student loan debt postpones dreams, threatens financial security, say young adults

College graduates say a crushing load of student loan debt is compromising their ability to buy a home, begin saving for retirement, or even start families, according to a survey from Prudential Financial, Inc.

May 19, 2017

Prudential Financial, Inc. to Hold 2017 New York Investor Day; Live Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--May 19, 2017-- Prudential Financial, Inc. (NYSE:PRU) will hold its New York conference for institutional investors and analysts on Tuesday, June 6, 2017. On that date beginning at 8:30 a.m. and ending at approximately 12:30 p.m., the general public is invited to access a live webcast and presentation materials on the Investor Relations website at www.investor.prudential.com. A replay will also be available on the Investor Relations Web site through June 20. Presenters at this conference will include Chairman and CEO John Strangfeld as well as other members of the senior management team. ...
May 19, 2017

Striving to achieve financial wellness for American families

If you were hit with a financial emergency today, like an unexpected medical cost, a car repair, there’s a good chance you couldn’t cover it. In fact, according to a new Prudential report, more than 60 percent of Americans don’t have enough savings to cover a $500 emergency.

May 17, 2017

Prudential Financial, Inc. Schedules Conference Call to Discuss 2018 Financial Outlook

NEWARK, N.J.--(BUSINESS WIRE)--May 17, 2017-- Prudential Financial, Inc. (NYSE:PRU) will host a conference call on Thursday, December 14, 2017, at 11:00 a.m. ET to discuss with the investment community the Company's financial outlook for 2018 and beyond. Conference Call Information The conference call and an accompanying slide presentation will be broadcast live over the Company's Investor Relations Web site at www.investor.prudential.com. Please log on fifteen minutes early in the event necessary software needs to be downloaded. The call will remain on the Investor Relations Web site for replay through December 2...
May 16, 2017

Prudential doubles down on financial wellness; offers new tools to unlock “The Wellness Effect”

NEWARK, N.J., May 16, 2017 - Prudential Financial, Inc. (NYSE: PRU) has deepened its commitment to the financial wellness of American families. The company announced a three-year $5 million partnership with the Aspen Institute to advance solutions that increase financial security for all American workers, and armed employers with new tools and resources to help them to understand and improve the financial health of their workforce.

January 23, 2017

Historic Newark, N.J., landmark gets a makeover

Newark, N.J., has welcomed back its iconic Hahne & Co. Building, which sat abandoned for nearly three decades, thanks to a $174 million redevelopment project.