Archive

NEWARK, N.J., November 07, 2018 - Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc., was $1.672 billion ($3.90 per Common share) for the third quarter of 2018, compared to $2.238 billion ($5.09 per Common share) for the third quarter of 2017.

Prudential's fourth American Workers Survey, conducted in September, found that American workers believe the business community is among the best-suited to provide the financing needed to help their communities thrive—with small businesses and large employers ranking ahead of state government, individual community members and federal government.

NEWARK, N.J., October 31, 2018 - Kelsey-Seybold Clinic, a Houston-based multispecialty group practice, chose Prudential Retirement as record keeper for its retirement plans.

For many employees, making annual benefits decisions is as bad as having a cavity filled. You want to just get it over with—quickly. But that’s a mistake.

NEWARK, N.J., October 24, 2018 - Given the lightning-quick pace of technological change, investors must evaluate their portfolios to weed out obsolescence risk from incumbent products and business models that might soon be displaced, while developing a disciplined active investment framework to identify potential technology-driven winners, according to the latest report examining megatrends from PGIM, the $1.2 trillion asset management businesses of Prudential Financial, Inc. (NYSE: PRU).

NEWARK, N.J., October 23, 2018 - Blue Cross and Blue Shield of Nebraska, an independent licensee of the Blue Cross and Blue Shield Association, hired Prudential Retirement to serve as the new provider for its 401(k) retirement plan. Prudential Retirement, among the industry’s largest record keepers, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

NEWARK, N.J., October 23, 2018 - PGIM Investments is expanding its distribution footprint throughout Europe, adding a team dedicated to Germany. The firm has hired as vice president Thiemo Volkholz, who will be based in Frankfurt and focused on growing the firm’s presence with global, regional and local banks and financial intermediaries throughout the region. Together with Cvjetko Zecevic, hired as assistant vice president, the team will market PGIM’s asset management capabilities including PGIM Funds throughout the region.

NEWARK, N.J., October 22, 2018 - Women on average have saved 43 percent less for retirement than men, finds new data from Prudential Financial, Inc. (NYSE: PRU).

PARIS, Oct. 22, 2018 – PGIM Real Estate has acquired The Square, an iconic 7,000-square-meter office building located on 7-7 bis rue de Téhéran, Paris, on behalf of its pan-European discretionary value-add fund. The seller was a German closed-ended fund managed by GLL Real Estate Partners, a member of Macquarie Group. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

There are about 4.9 million opportunity youth in the U.S.—young people between the ages of 16 and 24 neither in school nor working—who never earned their high school diploma or its equivalent for a wide array of reasons. Many of these youth and their families are living at or below the poverty line, and are among the 40 percent of Americans who are struggling to meet at least one of their basic needs.