Press Releases
Here is a selection of the latest press releases from Prudential. For more information from Corporate Public Relations at Prudential, please email GlobalCommunicationsMedia@prudential.com, or contact our communications staff.
PGIM Real Estate acquires 15-building US industrial portfolio for $425 million
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 4.7 million-square-foot, 15-building industrial portfolio located across eight properties in Atlanta, Dallas, Denver, Fort Worth, and Phoenix, for a total value of $425 million.
Innovative pension risk transfer approach offers Prudential clients a new way to wind down plans
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has completed the firm’s fourth and final pension de-risking transaction with Boise, Idaho-based wood products manufacturer and building materials distributor Boise Cascade Company
Prudential Financial Declares Quarterly Dividend on Common Stock
Prudential Financial, Inc. (NYSE: PRU) announced the declaration of a quarterly dividend of $1.10 per share of Common Stock, payable on September 17, 2020, to shareholders of record at the close of business on August 25, 2020.
Prudential Financial to sell Prudential of Taiwan to Taishin Financial
Prudential Financial, Inc. (NYSE:PRU) has entered into a definitive agreement with Taishin Financial Holding Co., Ltd., a leading Taiwan-based financial institution, to sell Prudential Life Insurance Company of Taiwan Inc.
Prudential Financial, Inc. Announces Second Quarter 2020 Results
Prudential Financial, Inc. (NYSE:PRU) reported second quarter results. Net loss attributable to Prudential Financial, Inc. was $2.409 billion ($6.12 per Common share) for the second quarter of 2020, compared to net income of $708 million ($1.71 per Common share) for the second quarter of 2019.
New Prudential program aims to ease pandemic-related financial stress in the workplace
Prudential Financial, Inc. has created a new workplace package designed specifically for concerned employees and time-strapped human resources teams.
Prudential Financial general counsel Tim Harris to retire in 2020
Tim Harris, executive vice president and general counsel, has decided to retire after a long and successful career. Ann Kappler, senior vice president, deputy general counsel and head of external affairs, will assume the role of executive vice president and general counsel.
City of Atlanta selects Prudential Retirement to oversee more than $330M in assets
NEWARK, N.J., July 21, 2020 - The city of Atlanta, the ninth-largest metropolitan area in the nation, chose Prudential Retirement as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).
PGIM Private Capital provides nearly $5.0B in private debt to middle-market companies in the first half of 2020
PGIM Private Capital provided $4.7B of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.
COVID-19 pandemic erases years of financial gains in months, disproportionately affecting people of color, women, gig workers and the young
NEWARK, N.J., July 13, 2020 - The first months of the COVID-19 pandemic largely wiped out three years of financial gains in the United States, with more than half of Americans reporting their financial health has been compromised. People of color, women, younger generations and small business owners were among those disproportionately affected, Prudential’s (NYSE:PRU) 2020 Financial Wellness Census™ finds.