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.

December 04, 2019

Prudential Financial strengthens commitment to environment with new sustainability goals

NEWARK, N.J., December 04, 2019 - Prudential Financial, Inc.’s (NYSE: PRU) new Global Environmental Commitment (GEC) expands the company’s support for sustainable investments through a wide range of business, operational and investment goals.

November 18, 2019

PGIM global institutional relationship group adds senior hires

NEWARK, Nov. 18, 2019 – PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has made three hires into its Institutional Relationship Group (IRG), all reporting to Cameron Lochhead, global head of IRG.

November 15, 2019

Jennison Associates hires chief marketing officer

NEW YORK, Nov. 15, 2019 – Rebecca Kniesel has joined Jennison Associates as chief marketing officer, responsible for developing and executing a strategic marketing plan that positions Jennison and its investment strategies for success across channels and geographies. Kniesel will report to Lori McEvoy, Jennison’s global head of distribution. Jennison is an affiliate manager of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU).

November 13, 2019

Prudential Retirement names Christine Lange head of Customer Solutions

NEWARK, N.J., November 13, 2019 - Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), announced today Christine Lange has been hired as head of Customer Solutions for Institutional Retirement Plan Services, effective immediately.

November 12, 2019

Los Angeles Lakers renew Prudential contract for $30M in retirement assets, continuing 25-year relationship

NEWARK, N.J., Nov. 12, 2019 – Prudential Retirement will continue its nearly 25-year-long relationship with the Los Angeles Lakers, the 16-time NBA Champion franchise team, as record keeper for its defined contribution retirement plan.

November 04, 2019

Prudential Financial, Inc. Announces Third Quarter 2019 Results

NEWARK, N.J., November 04, 2019 - Prudential Financial, Inc. (NYSE:PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $1.418 billion ($3.44 per Common share) for the third quarter of 2019, compared to $1.672 billion ($3.90 per Common share) for the third quarter of 2018.

October 30, 2019

Women share common ground with men, but jobs at the top still harder to get, survey says

NEWARK, N.J., October 30, 2019 - Women and men share common ground at work when it comes to understanding what it takes to win top jobs, yet women still contend with bias-related barriers to advancement more often than men, according to a recent poll released today from ASCEND and Morning Consult sponsored by Prudential Financial, Inc. (NYSE: PRU).

October 29, 2019

PGIM Investments invests in senior talent as part of global expansion

NEWARK, N.J., October 29, 2019 - PGIM Investments has made senior-level hires across its marketing and technology functions, as well as expanded roles of two senior executives. The investment in top talent comes on the heels of 10 consecutive years of positive net flows for the retail fund shop, underscoring the firm’s ongoing commitment to serving its growing client base both in the U.S. and internationally.

October 24, 2019

Transformative corporate models change investment calculus for investors: PGIM study

New PGIM research highlights long-term investment implications of three new types of companies emerging to dominate today’s market.

October 23, 2019

Prudential Retirement names Michael Domingos new head of Sales and Strategic Relationships

NEWARK, N.J., October 23, 2019 - Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), announced today Michael Domingos, vice president, National Distribution Markets, will be promoted to senior vice president and head of Sales and Strategic Relationships, Prudential Retirement. The appointment will be effective Dec. 2.

October 10, 2019

Prudential Financial completes acquisition of Assurance IQ, Inc.

NEWARK, N.J., & BELLEVUE, Wash., October 10, 2019 - Prudential Financial, Inc. (NYSE: PRU) announced today that it has completed its acquisition of Assurance IQ, Inc., “Assurance,” a leading consumer solutions platform for health and financial wellness needs.

October 09, 2019

UA Local 22 Annuity Fund and Sendik’s Food Market choose Prudential to manage retirement plan assets

NEWARK, N.J., Oct. 9, 2019 – UA Local 22 Plumbers and Steamfitters Annuity Fund, and Sendik’s Food Market, a family-owned Milwaukee grocery chain, chose Prudential Retirement as record keeper for their defined contribution retirement plans.

October 03, 2019

Prudential Financial to Announce Third Quarter 2019 Earnings; Schedules Conference Call

NEWARK, N.J., October 03, 2019 - Prudential Financial, Inc. (NYSE:PRU) will release its third quarter 2019 earnings on Monday, November 4, 2019, 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.

September 24, 2019

American workers putting more thought into choosing annual benefits, new Prudential survey shows

NEWARK, N.J., Sept. 24, 2019 — Almost two-thirds of American workers did not automatically choose the same benefits as the previous year, indicating they are putting more thought into their choices during open enrollment, “Employee Insights on Open Enrollment," a new survey released by Prudential Financial (NYSE: PRU) shows.

September 23, 2019

PGIM enhances European operations

NEWARK, N.J., Sept. 23, 2019 – PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.

September 05, 2019

Prudential Financial to acquire Assurance IQ, Inc., a leading consumer solutions platform for health and financial wellness needs, for $2.35 billion

NEWARK, N.J., & BELLEVUE, Wash., September 05, 2019 - Prudential Financial, Inc. (NYSE: PRU) today announced that it has signed a definitive agreement to acquire Assurance IQ, Inc., “Assurance,” a profitable, fast-growing direct-to-consumer platform that transforms the buying experience for individuals seeking personalized health and financial wellness solutions.

September 03, 2019

National awards program seeking America's top youth volunteers of 2020

Today through November 5, 2019, The Prudential Spirit of Community Awards is looking for the top youth volunteers of the year in each U.S. state and the District of Columbia. Students in grades 5-12 are invited to apply.

August 29, 2019

Prudential Financial announces leadership succession for U.S. Businesses

NEWARK, N.J., August 29, 2019 - Prudential Financial, Inc. (NYSE:PRU) today announced that Andrew Sullivan will succeed Stephen Pelletier as executive vice president and head of U.S. Businesses, reporting to Chairman and CEO Charles Lowrey, effective December 1. Pelletier will retire following an extraordinary 27-year career with the company, in which he led Group Insurance and Prudential Annuities, and founded Prudential’s international asset management businesses, now PGIM Global Partners.

August 28, 2019

Prudential realigns marketing organization to deepen engagement with customers at every life stage

Prudential Financial, Inc. (NYSE: PRU) has launched a new operating model for its U.S. marketing organization that will enable the company to forge deeper connections with customers.

August 02, 2019

Prudential Retirement announces a new reinsurance counterparty, bringing its support to insurers that make up over 90% of UK pension risk transfer market

NEWARK, N.J., August 02, 2019 - Prudential Retirement®, a business unit of Prudential Financial, Inc. (NYSE: PRU), and The Phoenix Group, Europe’s largest life and pensions consolidator and one of the fastest-growing providers of life and pension insurance in the United Kingdom, have entered into an inaugural longevity reinsurance agreement covering U.K. retirees.

July 31, 2019

Prudential Financial, Inc. Announces Second Quarter 2019 Results

Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net income attributable to Prudential Financial, Inc. was $708 million ($1.71 per Common share) for the second quarter of 2019, compared to $197 million ($0.46 per Common share) for the second quarter of 2018. After-tax adjusted operating income was $1.307 billion ($3.14 per Common share) for the second quarter of 2019, compared to $1.298 billion ($3.01 per Common share) for the second quarter of 2018.

July 31, 2019

Gibraltar India Solutions, local arm of global insurance giant, opens technology center

BENGALURU, India, July 31, 2019 — Gibraltar India Solutions, a Prudential Financial, Inc. (US) company (PFI), has announced the opening of its India Development Center on July 30 in Bengaluru, India.

July 29, 2019

Prudential Group Insurance announces leadership changes, underscores focus on Financial Wellness strategy

NEWARK, N.J., July 29, 2019 - Leston Welsh has been promoted to head of Products for Prudential Group Insurance. Prudential Group Insurance is a unit of Prudential Financial, Inc. (NYSE:PRU).

July 22, 2019

Wayne County and Prudential Retirement continue 20-year partnership with $650M in assets

NEWARK, N.J., July 22, 2019 - Prudential Retirement will continue its more than two-decade partnership with Wayne County, the most populous county in Michigan, as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

July 10, 2019

QMA names Linda Gibson as first chief business officer, continuing global expansion

NEWARK, N.J., July 10, 2019 - QMA has named Linda Gibson to the newly created role of chief business officer, the latest step in the firm’s continued global expansion. QMA is the quantitative equity and global multi-asset specialist of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

July 09, 2019

Prudential Capital Group adopts PGIM Private Capital as new global brand name

CHICAGO, July 09, 2019 - Prudential Capital Group has renamed its global investment business as PGIM Private Capital. With over $86 billion in assets under management (as of March 31, 2019), the business is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

July 02, 2019

Prudential Financial to Announce Second Quarter 2019 Earnings; Schedules Conference Call

NEWARK, N.J., July 02, 2019 - Prudential Financial, Inc. (NYSE:PRU) will release its second quarter 2019 earnings on Wednesday, July 31, 2019, 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.

June 27, 2019

Prudential Financial sustainability report details financial resilience, responsible impact

NEWARK, N.J., June 27, 2019 - Prudential Financial, Inc. (NYSE: PRU) released its 2018 sustainability report, detailing how the company supports its four building blocks of long-term vitality: financial sustainability, customer focus, investing in people and responsible impact.

June 25, 2019

PGIM Real Estate Global Outlook: Striking the right portfolio balance late in the cycle

NEW YORK, June 25, 2019 - Elevated global real estate pricing continues to be supported by low interest rates and there are still reasons to be optimistic about the outlook for income growth, according to PGIM Real Estate’s 2019 Global Outlook. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).

June 21, 2019

Employee programs that combine lifestyle and financial wellness benefits may yield healthier, less-stressed workers, Prudential study finds

Employers who provide traditional health and wellness offerings alongside financial wellness programs are likely to reap the benefits of a healthier workforce. Research unveiled by Prudential at the Aspen Ideas: Health festival suggests a connection between the use by employees of both benefit types and improved physical and mental health, based on self-reported outcomes.

June 20, 2019

International Union of Operating Engineers selects Prudential for retirement solutions

NEWARK, N.J., June 20, 2019 – The International Union of Operating Engineers (IUOE) Local 132, a progressive trade union based in Huntington, West Virginia, representing heavy equipment operators and mechanics, as well as workers in building and industrial complexes and services throughout the United States and Canada, selected Prudential Retirement as its new retirement plan provider.

June 19, 2019

Legacy Lives On: One Solution and Prudential documentary highlights new pathways to financial freedom and financial wellness for black Americans

One Solution, the leading branded content division of Urban One, and Prudential Financial, Inc., a leader in financial services, have partnered to create Legacy Lives On, a new 45-minute original documentary created to spark conversations about our relationships with money and the journey to financial wellness in the black community.

June 12, 2019

Prudential Financial, Inc. 2019 Financial Strength Symposium presentation materials and live webcast available

NEWARK, N.J., June 12, 2019 - Presentation materials for the Prudential Financial, Inc. (NYSE: PRU) conference are now available at Prudential's Investor Relations website, investor.prudential.com. The conference begins on Wednesday, June 12, 2019 at 2:00 p.m. ET. The general public is invited to access a live webcast of the conference on the Investor Relations website. A replay of the conference will also be available on the Investor Relations website through June 26, 2019.

June 12, 2019

Springfield Clinic partners with Prudential to oversee $300 million in retirement assets

Springfield Clinic, the second largest multispecialty clinic in Illinois, chose Prudential Retirement as record keeper for its defined contribution retirement plans.

June 11, 2019

PGIM names Cameron Lochhead global head of institutional relationships

Cameron Lochhead has been named global head of PGIM’s Institutional Relationship Group, dedicated to deepening strong relationships with institutional clients and continuing to grow PGIM’s reputation for superior client service.

June 05, 2019

Prudential Financial, Inc. 2019 Investor Day presentation materials and live webcast available

NEWARK, N.J., June 05, 2019 - Presentation materials for the Prudential Financial, Inc. (NYSE: PRU) conference for institutional investors and analysts are now available at Prudential's Investor Relations website, investor.prudential.com. The conference begins on Wednesday, June 5, 2019 at 1:00 p.m. ET.

June 03, 2019

Prudential Financial appoints Roger Putnam to lead U.S. customer service operations

Roger Putnam has joined Prudential Financial, Inc. (NYSE: PRU) as chief operating officer of the company’s Enabling Solutions organization.

May 31, 2019

PGIM Real Estate Finance provides $200 million refinancing for Manhattan office building

PGIM Real Estate Finance has provided a $200 million refinancing loan to Jack Resnick & Sons for 315 Hudson St. in Manhattan.

May 30, 2019

Prudential Financial, Inc. to Hold 2019 Investor Day in Newark; Live Webcast to be Available

Prudential Financial, Inc. (NYSE: PRU) will hold a conference for institutional investors and analysts on Wednesday, June 5, 2019.

May 29, 2019

Aker Solutions and Reser’s Fine Foods select Prudential to oversee retirement assets

NEWARK, N.J., May 29, 2019 - Aker Solutions, a global engineering company, and Reser’s Fine Foods Inc., a national manufacturer and distributor of fresh and refrigerated prepared foods, chose Prudential Retirement as record keeper for their defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

May 20, 2019

Prudential names Stacey Goodman chief information officer

Prudential Financial, Inc. (NYSE: PRU) announced that Stacey Goodman will join the company as executive vice president and chief information officer, effective July 15. In this capacity, Goodman will lead a strategic, integrated enterprise-wide organization to deliver added value for customers, employees and shareholders through the optimal use of data, information, and digital and technology platforms.

May 14, 2019

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J., May 14, 2019 - Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $1.00 per share of Common Stock, payable on June 20, 2019, to shareholders of record at the close of business on May 28, 2019.

May 07, 2019

Prudential Financial, Rutgers-Newark partner to cultivate Newark change makers

NEWARK, N.J., May 7, 2019 – Rutgers University-Newark Chancellor Nancy Cantor announced today that Prudential Financial has committed $10 million to the Honors Living-Learning Community (HLLC) at Rutgers-Newark – the largest donation ever to Rutgers-Newark – to create the Prudential Scholars Program for Newark residents.

May 01, 2019

Prudential Financial, Inc. Announces First Quarter 2019 Results

NEWARK, N.J., May 01, 2019 - Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net income attributable to Prudential Financial, Inc., was $932 million ($2.22 per Common share) for the first quarter of 2019, compared to $1.363 billion ($3.14 per Common share) for the first quarter of 2018.

April 24, 2019

Prudential Financial closes $2.6 billion in longevity reinsurance agreements, signaling pre-Brexit rush to de-risk by U.K. pensions

NEWARK, N.J., April 24, 2019 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE: PRU), has concluded about $2.6 billion in previously undisclosed longevity reinsurance contracts, an important signal of an unprecedented start to the 2019 U.K. pension risk transfer market.

April 23, 2019

Prudential Financial announces $180 million global investment to solve complex challenges facing opportunity youth, promoting financial wellness of the next generation

Doubling down on its commitment to make lives better by solving the financial challenges of our changing world, Prudential Financial, Inc. (NYSE: PRU) is committing more than $180 million through 2025 to support young people aged 15-29 worldwide who lack access to school, training or regular jobs – a segment of the global population often referred to as opportunity youth. This is the largest financial private-sector investment in this group.

April 11, 2019

Prudential expands financial wellness capabilities to address Americans’ most pressing financial needs

NEWARK, N.J., April 11, 2019 - Prudential Financial, Inc. announced the introduction of a range of new financial wellness solutions to help address the most pressing financial challenges facing American consumers.

April 10, 2019

We’re average students, getting a “C” when it comes to understanding finances, Americans say

NEWARK, N.J., April 10, 2019 - More than half of Americans say they’d earn a “C” or lower when it comes to financial literacy, according to a new survey conducted by Harris Poll on behalf of Prudential Financial, Inc. (NYSE: PRU).

April 09, 2019

Prudential Group Insurance promotes Jessica Gillespie to head of distribution; hires Tim Weber to lead voluntary benefits distribution

NEWARK, N.J., April 09, 2019 - Jessica Gillespie has been promoted to head of distribution for Prudential Group Insurance and Tim Weber has joined as vice president, voluntary benefits distribution and workplace markets, underscoring the group benefits carrier’s commitment to growing its core businesses and talent pipeline. Prudential Group Insurance is a unit of Prudential Financial, Inc. (NYSE: PRU).

April 04, 2019

Prudential Financial to Announce First Quarter 2019 Earnings; Schedules Conference Call

Prudential Financial, Inc. (NYSE:PRU) will release its first quarter 2019 earnings on Wednesday, May 1, 2019, 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.

April 02, 2019

PGIM Real Estate sells Westend Yards in Munich, completing its Triple Portfolio sale

MUNICH, April 2, 2019 – PGIM Real Estate has completed the sale of Westend Yards at Hansastrasse 24-36, a 32,000-square-meter office property in Munich, on behalf of its European value-add strategy. 

March 20, 2019

Westchester County taps Prudential to manage $607 million in retirement assets

NEWARK, N.J, March 20, 2019 - Westchester County selected Prudential Retirement as record keeper for its deferred compensation retirement plan. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

March 11, 2019

Jennison Associates fixed income team hires portfolio manager Dmitri Rabin

NEW YORK, March 11, 2019 - Dmitri Rabin will join the fixed income team of Jennison Associates as a managing director and portfolio manager, effective March 12, 2019. Rabin brings 18 years of investment experience to the role, specializing in mortgages and structured finance. Jennison is an affiliate manager of PGIM, Inc., the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

March 04, 2019

Jennison Associates hires Peter Latara as managing director

Peter W. Latara has joined Jennison Associates as a managing director and relationship manager, effective Feb. 25, 2019. The role will include a focus on both sales as well as client service. Latara will report to Lori McEvoy, Jennison’s global head of distribution.

February 28, 2019

Prudential Financial, Inc. to Participate in 2019 RBC Financial Institutions Conference; Live Audio Webcast Available

Prudential Financial, Inc. (NYSE:PRU) will participate in the RBC Capital Markets Financial Institutions Conference in New York, NY on Wednesday, March 13, 2019. On that day at approximately 9:20 a.m. (ET) Robert M. Falzon, Prudential Financial, Inc.’s Vice Chairman, will participate in an analyst-led fireside chat with investors.

February 25, 2019

After-tax emergency savings in retirement plans can help workers build a safety net

As America Saves Week kicks off Feb. 25, Prudential is calling on employers to consider adding an after-tax emergency savings feature to their 401(k) plans to help workers save for unexpected expenses.

February 25, 2019

PGIM Real Estate completes $12 billion in 2018 transactions worldwide

PGIM Real Estate completed approximately $12 billion in transactions worldwide in 2018 on behalf of institutional and high net worth investors, including investments in real estate equity and debt, and property dispositions.

February 20, 2019

Prudential Capital Group appoints Debra Hemsey to Prudential Capital Energy Partners

Prudential Capital Group has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners (PCEP), the middle-market energy mezzanine fund business sponsored by Prudential Capital Group. The appointment comes on the heels of the recently announced closing of Prudential Capital Energy Partners I, L.P., a $343 million energy mezzanine fund. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

February 11, 2019

PGIM Real Estate Finance provides $18.1 billion in financing in 2018

PGIM Real Estate Finance originated a record $18.1 billion in financing in 2018 led by record production in multifamily and core-plus lending.

February 06, 2019

Prudential Financial, Inc. Announces 2018 Results

NEWARK, N.J., February 06, 2019 - Prudential Financial, Inc. (NYSE:PRU) today reported year-end and fourth quarter 2018 results. Net income attributable to Prudential Financial, Inc., was $4.074 billion ($9.50 per Common share) for the year ended December 31, 2018, compared to $7.863 billion ($17.86 per Common share) for the year ended December 31, 2017. After-tax adjusted operating income was $5.019 billion ($11.69 per Common share) for 2018, compared to $4.652 billion ($10.58 per Common share) for 2017.

February 05, 2019

Top youth volunteers of 2019 honored nationwide

WASHINGTON, D.C. – They’re supporting people with disabilities, kids experiencing homelessness and communities affected by Hurricane Harvey. A few have made it their mission to focus attention on teen mental health. Others are raising money and awareness to help children with cancer. Those are just some stories of the 102 youth volunteers – two from each state and the District of Columbia – who today were named State Honorees by The Prudential Spirit of Community Awards.

January 30, 2019

Prudential names Jon Cressman head of IBD and bank and wire distribution

NEWARK, N.J., January 30, 2019 - Prudential Financial, Inc. (NYSE: PRU) is consolidating its annuities sales and distribution leadership of banks, wirehouses and independent broker-dealers under one unit to increase efficiency across sales channels.

January 29, 2019

Lockheed Martin transfers $1.8 billion in pension obligations to Prudential Retirement

NEWARK, N.J., January 29, 2019 - Lockheed Martin Corporation (NYSE: LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). Approximately 32,000 of Lockheed Martin’s retirees will receive their monthly pension benefit payments from Prudential as part of this buy-out agreement.

January 23, 2019

Prudential Capital Group provides $12.53 billion in private debt to middle-market companies in 2018

CHICAGO, January 23, 2019 - Prudential Capital Group provided $12.53 billion of senior debt and junior capital to over 200 middle-market companies and projects globally in 2018. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

January 14, 2019

Prudential chosen as public sector retirement plan provider for City of Santa Ana and Ohio Association of Professional Fire Fighters

NEWARK, N.J., January 14, 2019 - The City of Santa Ana (California) and the Ohio Association of Professional Fire Fighters have both selected Prudential Retirement as recordkeeper for their public sector retirement plans, reflecting the demand for customized financial wellness solutions among public employees. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

January 11, 2019

Prudential Financial chooses Yard 56 for its first Opportunity Zone Investment to drive catalytic revitalization in Baltimore, Maryland

BALTIMORE, Jan. 11, 2019 – Prudential Financial’s Impact Investments group announced today that it has selected Phase I of Yard 56 in East Baltimore for its first Qualified Opportunity Zone Investment.

January 04, 2019

Prudential Financial to Announce Fourth Quarter 2018 Earnings; Schedules Conference Call

NEWARK, N.J., January 04, 2019 - Prudential Financial, Inc. (NYSE:PRU) will release its fourth quarter 2018 earnings on Wednesday, February 6, 2019, 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.

December 19, 2018

PGIM Real Estate Finance provides $29.3 million Freddie Mac forward commitment to NRP Group for San Antonio apartment development

NEW YORK, Dec. 18, 2018 PGIM Real Estate Finance has secured a $29.3 million unfunded forward commitment from Freddie Mac for NRP Group’s Lake Vue at Red Berry Estates workforce housing development in San Antonio, Texas.

December 14, 2018

PGIM Real Estate Finance opens Cleveland office, hires originations team

CHICAGO, Dec. 14, 2018 PGIM Real Estate Finance has hired a new originations team led by Bruce Gerhart and David Strachan for its new Cleveland office, cementing its presence throughout the Midwest region.

December 13, 2018

Prudential Financial to Host 2019 Investor Day

NEWARK, N.J., December 13, 2018 - Prudential Financial, Inc. (NYSE:PRU) will host a conference for analysts and investors in Newark, New Jersey, on Wednesday, June 5, 2019.

December 12, 2018

Brooklyn affordable housing property receives $102 million loan from PGIM Real Estate Finance

NEW YORK, Dec. 12, 2018 PGIM Real Estate Finance has provided a $102 million Freddie Mac acquisition loan to Jonathan Rose Companies for Shore Hill Housing, an affordable and elderly housing property in the Bay Ridge neighborhood of Brooklyn.

December 06, 2018

PGIM Real Estate hires Thomas Kallenbrunnen as senior portfolio manager for European core strategy

LONDON, Dec. 6, 2018 – Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy.

December 04, 2018

PGIM Real Estate agrees to purchase office in Clichy

PARIS, Dec. 4, 2018 – PGIM Real Estate signed a forward purchase agreement for the development of SWELL, two office buildings in Bac d’Asnières, Clichy. The transaction was executed off-market on behalf of investors of a discretionary pan-European value-add fund.

November 30, 2018

PGIM Real Estate Finance provides $78 million refinancing loan for Alexandria apartment community

ALEXANDRIA, Va., Nov. 29, 2018 PGIM Real Estate Finance has provided a $78 million FHA refinancing loan to Bonaventure Realty Group for The Encore Apartments, an apartment community in Alexandria, Virginia.

November 12, 2018

PGIM Real Estate acquires grade-A logistics platform in Salon-de-Provence

PARIS, 12 Nov. 2018 PGIM Real Estate has acquired a 100,000-square-meter grade-A logistics platform located in Salon-de-Provence, 60 kilometers north of Marseille, on behalf of an institutional investor.

November 07, 2018

Prudential Financial, Inc. Announces Third Quarter 2018 Results

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.

October 22, 2018

PGIM Real Estate acquires The Square in Paris

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).

October 18, 2018

PGIM Investments expands ETF platform with new QMA active equity strategies

NEWARK, N.J., October 18, 2018 – PGIM Investments today launched the first of four actively managed equity exchange-traded funds (ETFs) that it plans to roll out in 2018, expanding the platform from the two actively managed fixed income ETFs launched earlier this year. Sub-advised by QMA, the quantitative equity and global multi-asset solutions manager of PGIM, the PGIM QMA Strategic Alpha Large-Cap Core ETF (NYSE Arca: PQLC) seeks long-term growth of capital by investing primarily in large-cap stocks.

October 18, 2018

PGIM Real Estate acquires Diana & Vesta office property in Amsterdam

FRANKFURT, Germany, Oct. 18, 2018 – PGIM Real Estate has acquired Diana & Vesta, a modern office property in Amsterdam, on behalf of one of its European core plus funds. 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).

September 17, 2018

One-third of Americans don’t have an accurate perception of their finances, Prudential’s Financial Wellness Census reveals

A third of Americans believe they are either better or worse off financially than they actually are, a new Prudential study says.

September 16, 2018

Prudential commits $1 million in grants to help Hurricane Florence victims

To help those affected by Hurricane Florence and its aftermath, Prudential is supporting relief efforts by committing grants through The Prudential Foundation. Funds will be allocated to national and local organizations that are providing direct response.

September 13, 2018

PGIM Real Estate Hires Christy Hill to lead Americas Asset Management

Christy Hill has joined PGIM Real Estate as a managing director and head of Americas Asset Management to lead and implement the company’s asset management strategy for investments in the United States and Latin America.

August 31, 2018

Prudential backs federal support of expanding Americans’ access to retirement savings

President Trump today signed an executive order directing the Labor Department to promote programs that enhance retirement security and expand access to workplace retirement savings plans for American workers.

August 16, 2018

PGIM Real Estate and FGI reach agreement with TRIUVA to sell Junghof Plaza, Frankfurt

FRANKFURT, GERMANY, August 16, 2018 – PGIM Real Estate and Frankfurter Gewerbeimmobilien GmbH (FGI) have signed an agreement with TRIUVA on the future sale of Junghof Plaza, a 33,000-square-meter mixed-use redevelopment in Frankfurt. PGIM Real Estate is the real estate investment business of PGIM, Inc., the asset management arm of Prudential Financial, Inc. (NYSE: PRU). FGI is an owner-led investor and real estate developer in the residential, retail, hotel and office sectors.

June 27, 2018

Prudential Financial to Announce Second Quarter 2018 Earnings; Schedules Conference Call

NEWARK, N.J.--(BUSINESS WIRE)--Jun. 27, 2018-- Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2018 earnings on Wednesday, August 1, 2018, 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 2, 2018, at 11:00 a.m. ET, to discuss with the investment community the company's second quarter results. Conference Call Information ...
June 11, 2018

Stephen O’Keeffe joins PGIM Real Estate to lead Australian real estate debt investments

NEWARK, N.J., June 11, 2018 – Stephen O’Keeffe has joined PGIM Real Estate as an executive director, responsible for sourcing real estate debt investments and managing relationships with prospective borrowers and partners in Australia.

May 30, 2018

PGIM Real Estate, Varma complete acquisition of M Campus in Paris

PARIS, May 30, 2018 – PGIM Real Estate, in partnership with its client, the Finnish pension insurance company Varma, has acquired M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris. PGIM Real Estate is the real estate investment business of PGIM, Inc., the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

May 17, 2018

New York Red Bulls Sign 12 Players from Special Olympics New Jersey

HARRISON, N.J., May 17, 2018 – The New York Red Bulls, in partnership with Prudential Financial, Inc., have signed 12 athletes from Special Olympics New Jersey to two-game contracts, the club announced today. Prudential Financial is the proud presenting partner of the Red Bulls Special Olympics Unified Team.

May 09, 2018

Tussle between globalization, nationalism creates new risks for investors, PGIM says

NEWARK, N.J., May 09, 2018 - The escalating tussle between globalization and nationalism could have profound implications for global financial markets, traditional investment frameworks and developed market geopolitical risk analysis, says a new report from PGIM, Inc., the investment management business of Prudential Financial, Inc. (NYSE: PRU).

May 08, 2018

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J.--(BUSINESS WIRE)--May 8, 2018-- Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.90 per share of Common Stock, payable on June 14, 2018, to shareholders of record at the close of business on May 22, 2018. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2018 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 th...

April 30, 2018

America’s top 10 youth volunteers of 2018 named at 23rd annual Prudential Spirit of Community Awards

WASHINGTON, D.C., April 30, 2018  – For community service initiatives that range from leading a march against violence to providing service dogs to people in need, 10 students were named America’s top youth volunteers of 2018 today by The Prudential Spirit of Community Awards, a national program sponsored by Prudential Financial in partnership with the National Association of Secondary School Principals (NASSP).

April 10, 2018

Prudential boosts Newark nonprofits with $30 million for capital campaigns, endowments

NEWARK, N.J., April 10, 2018 – A long-awaited community center in Newark’s Fairmount Park, a state-of-the-art synthetic turf field in the Central Ward, and arts programs in Clinton Hill are among 17 beneficiaries of $30 million in grants from Prudential Financial, Inc. (NYSE: PRU) to support nonprofit capital campaigns and endowments throughout the city’s five wards.

April 04, 2018

PGIM Real Estate acquires 75 percent interest in York & George development

SYDNEY, April 3, 2018 – PGIM Real Estate has agreed to acquire a 75 percent interest in the prime retail and commercial component of the York & George mixed-use project, currently under development by Fife Capital at 383 George Street, Sydney. 

April 02, 2018

Prudential offers Guaranteed Income For Tomorrow (GIFT)SM

NEWARK, N.J., April 2, 2018 – Increasing longevity has made outliving assets in retirement a concern for many Americans, with 67 percent of U.S. workers saying they fear their retirement savings won’t last, according to a 2016 Prudential report. To help Americans supplement their retirement savings, Prudential Financial, Inc. (NYSE: PRU) has introduced its first online income product, a voluntary deferred income annuity designed to generate guaranteed lifetime income.

March 29, 2018

Prudential Financial to Announce First Quarter 2018 Earnings; Schedules Conference Call

NEWARK, N.J.--(BUSINESS WIRE)--Mar. 29, 2018-- Prudential Financial, Inc. (NYSE:PRU) will release its first quarter 2018 earnings on Wednesday, May 2, 2018, 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, May 3, 2018, at 11:00 a.m. ET, to discuss with the investment community the company's first quarter results. Conference Call Information The conference call will be broadcast live over t...
March 12, 2018

PGIM Real Estate signs agreement to acquire M Campus in Meudon, Paris

PARIS, March 12, 2018 – PGIM Real Estate has signed an agreement to acquire M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris.

March 05, 2018

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

NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director for closed-end mutual funds Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) effective March 1.

March 05, 2018

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

NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director effective March 1 for open-end mutual funds offered by PGIM Investments, the $100 billion1 global manufacturer and fund distributor of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 26, 2018

Prudential Financial, Inc. to Redeem 8.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2068

NEWARK, N.J.--(BUSINESS WIRE)--Feb. 26, 2018-- Prudential Financial, Inc. (the "Company") (NYSE:PRU) announced today that it issued a notice of redemption to redeem all of the $600,000,000 outstanding aggregate principal amount of its 8.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2068 (CUSIP/ISIN No. 744320AK8/ US744320AK85) (the "Notes"). The Notes will be redeemed on April 16, 2018 at a price equal to the greater of (i) 100% of the principal amount of the Notes and (ii) a redemption price that includes a make-whole premium which will be calculated in accordance with the terms of the Notes and related indenture, in...
February 14, 2018

PGIM Real Estate exceeds $14 billion in 2017 transactions worldwide

NEW YORK, Feb. 14, 2018 – PGIM Real Estate completed more than $14 billion in transactions worldwide in 2017 on behalf of institutional investors, including investments in real estate equity and debt and property dispositions.

February 12, 2018

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

NEWARK, N.J., Feb. 12, 2018 – PGIM Real Estate Finance originated $14.8 billion in financing in 2017 led by production in multifamily and industrial lending. 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).

February 09, 2018

PGIM Real Estate sells Rock Square in Guangzhou, China

HONG KONG, Feb. 9, 2018 – PGIM Real Estate has sold Rock Square, a shopping mall in Guangzhou, China, 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).

February 07, 2018

Prudential Financial, Inc. Announces 2017 Results

NEWARK, N.J., February 07, 2018 - Prudential Financial, Inc. (NYSE:PRU) today reported year end and fourth quarter results. Net income attributable to Prudential Financial, Inc., was $7.863 billion ($17.86 per Common share) for the year ended December 31, 2017, compared to $4.368 billion ($9.71 per Common share) for the year ended December 31, 2016. After-tax adjusted operating income was $4.652 billion ($10.58 per Common share) for 2017, compared to $4.107 billion ($9.13 per Common share) for 2016.

February 06, 2018

Top youth volunteers of 2018 honored nationwide

WASHINGTON, D.C., Feb 6, 2018 – Many are fighting hunger in their local communities. Some created programs that encourage young women to consider STEM careers. Others are leading initiatives to support people with physical or intellectual disabilities. Those are just some stories of the 102 youth volunteers – two from each state and the District of Columbia – who today were named State Honorees by The Prudential Spirit of Community Awards...

February 01, 2018

Prudential Financial, Inc. to Participate in Bank of America Merrill Lynch 2018 Insurance Conference; Live Audio Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--Feb. 1, 2018-- Prudential Financial, Inc. (NYSE:PRU) will participate in the Bank of America Merrill Lynch 2018 Insurance Conference in New York on Wednesday, February 14, 2018. On that day at approximately 1:10 p.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 www.investor.prudential.com. Please log on at least fifteen minutes early, to register and download and install any necessary softw...
January 29, 2018

Fixed indexed annuity expands Prudential’s commitment to growing and protecting wealth

NEWARK, N.J.--()--Prudential Annuities, the domestic annuity business of Prudential Financial, Inc. (NYSE:PRU), has launched the PruSecure Fixed Indexed Annuity. This is a single-premium, long-term protection solution that earns interest based on stock market performance and/or a fixed rate, with zero exposure to market downturns.

January 25, 2018

PGIM Real Estate Hires Lisa Davis to lead impact initiatives; new program taps cross-enterprise expertise

NEW YORK, Jan. 25, 2018 – Lisa Davis has joined PGIM Real Estate as an executive director and portfolio manager to lead its impact-oriented real estate investment initiatives focused on affordable housing and transformative developments in the United States.

January 24, 2018

Prudential Total Return Bond Fund portfolio managers named Morningstar Fixed-Income Fund Manager of the Year

NEWARK, N.J.--()--PGIM Investments is proud to announce that the PGIM Fixed Income portfolio managers of the Prudential Total Return Bond Fund (PDBZX) have been named Morningstar’s 2017 Fixed-Income Fund Manager of the Year. PGIM Investments is the global retail manufacturer and distributor of PGIM, Inc., the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU) – a top 10 asset manager globally.1

January 24, 2018

PGIM Real Estate Finance adds Robert Younkin, Garrett Meyers to multifamily originations team

LOS ANGELES, Jan. 23, 2018 – PGIM Real Estate Finance has expanded its multifamily originations team with the additions of Robert Younkin and Garrett Meyers to its Western U.S. team. 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).

January 22, 2018

The Board of Trustees of Prudential Insurance Funds appoints new independent trustee

NEWARK, N.J., Jan 22, 2018 – Stephen M. Chipman has been named an independent director for Prudential’s Insurance Funds board of trustees. The Prudential Insurance Funds have approximately $179 billion in assets in over 107 mutual funds across its annuities and insurance businesses.

January 10, 2018

PGIM Real Estate Sells Waterfront Place in Shanghai

SHANGHAI, Jan. 10, 2018 – PGIM Real Estate has sold Waterfront Place, an office property in Shanghai, China, on behalf of Asia Property Fund (ASPF) III. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

January 09, 2018

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended November 30, 2017

Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) (the "Fund"), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended November 30, 2017.

 

January 06, 2018

U.S. Figure Skating announces 2018 Prudential Skating Fund recipients

U.S. Figure Skating announced the Columbine Figure Skating Club (Arvada, Co.) and the Scott Hamilton Skating Academy (Nashville, Tenn.) as the 2018 recipients of awards made through the Prudential Skating Fund. The Fund, established by U.S. Figure Skating and Prudential Financial, Inc. (NYSE: PRU), in 2013, provides $25,000 in financial support to eligible U.S. Figure Skating member clubs and/or programs that are addressing social needs or directly benefiting underserved groups and communities within the sport of figure skating.

January 04, 2018

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

NEWARK, N.J.--(BUSINESS WIRE)--Jan. 4, 2018-- Prudential Financial, Inc. (NYSE:PRU) will release its fourth quarter 2017 earnings on Wednesday, February 7, 2018, 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, February 8, 2018, at 11:00 a.m. ET, to discuss with the investment community the company's fourth quarter results. Conference Call Information The conference call will be broadcast ...
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 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).

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 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 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 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 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 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 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 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

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.

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 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 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 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 ...
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 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 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 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 ...
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.

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 26, 2017

The Hartford entrusts Prudential with $1.6 billion in pension obligations for 16,000 former U.S. employees

NEWARK, N.J., June 26, 2017 - The Hartford has agreed to settle $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, the company announced today. The agreement transfers responsibility for paying the pension benefits of approximately 16,000 of The Hartford’s retirees and former U.S. employees, as well as their beneficiaries. The transaction represents approximately 29 percent of The Hartford’s pension obligations.

June 22, 2017

Prudential: public service employee pensions only a step to retirement security, survey says

NEWARK, N.J., June 22, 2017 - Despite a persistent belief that public employees such as teachers, police and firefighters will be taken care of in retirement thanks to the pension plans of old, a survey sponsored by Prudential Retirement shows that today’s shifting political and economic landscape may have left them and their employers on shaky ground.

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 19, 2017

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

NEWARK, N.J., June 19, 2017 - Emerging markets, which already command nearly 60 percent of global GDP on a purchasing power parity basis, will collectively drive global growth over the next decade, but investors would be wise to reconsider how they approach these markets. Increasingly, says PGIM, emerging markets will be the masters of their own economic fate, making a one-size-fits-all classification of emerging markets obsolete.

June 15, 2017

Prudential honors the workplace skills of veterans; announces El Paso Chihuahuas sponsorship

EL PASO, Texas, June 15, 2017 - Prudential Financial, Inc., (NYSE: PRU) honored the U.S. Army’s 242nd birthday by screening the premier of a short film celebrating the skills veterans and military spouses bring to the civilian workplace at the El Paso Chihuahua’s AAA Baseball Stadium. The company also launched its sponsorship of the minor-league baseball team—a partnership that honors the military and local first responders.

June 14, 2017

Lata Reddy elevated to chair of The Prudential Foundation; company aligns to accelerate growth and advance financial security for all

NEWARK, N.J., June 14, 2017 - Prudential Financial, Inc. (NYSE:PRU) has strengthened its longstanding commitment to address societal needs and champion financial security by moving its office of Corporate Social Responsibility to the C-Suite, reporting directly to Vice Chairman Mark Grier. The move affirms Prudential’s shared value approach to integrating CSR with business strategy under the leadership of Lata Reddy, who leads CSR and has been named chair of The Prudential Foundation.

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...
June 05, 2017

Prudential Retirement wins N.Y. Union Plan; oversees $5.7 billion in retirement assets

NEWARK, N.J., June 5, 2017 - The Joint Industry Board (JIB), a New York-based labor/management organization serving the International Brotherhood of Electrical Workers (IBEW) Local Union No. 3 members and their employers since 1943, selected Prudential Retirement to be the recordkeeper for its Deferred Salary Plan, or 401(k) plan. Prudential Retirement, among the industry’s largest recordkeepers and leading provider of Taft-Hartley retirement plan solutions, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

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 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.

February 27, 2017

Prudential Retirement calls on Americans to balance financial priorities for America Saves Week

NEWARK, N.J., Feb. 27, 2017 - Achieving personal savings goals has never been more important than developing a balanced plan for managing financial wellness. In conjunction with 2017’s America Saves Week campaign held Feb. 27 through March 4, Prudential Retirement is encouraging American workers to save more money while balancing multiple financial priorities. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

February 15, 2017

Prudential: Union attitudes changing for millennials, survey finds

While a majority of baby boomer union members say they have a strong sense of pride in their work, only a quarter of millennial union members agree, highlighting a generational disconnect.

December 05, 2015

Prudential Financial Announces Significant Commitment to the El Paso Community

NEWARK, N.J., December 05, 2015 - Prudential Financial, Inc. today announced an $870,000 commitment to the El Paso, Texas community. With this investment, Prudential will provide human and financial resources to create a skilled math and technology workforce, specifically targeting Latino students, veterans and military spouses.

October 09, 2012

Prudential Group Insurance to Discontinue Sale of Dental Insurance

Newark, NJ – Prudential Group Insurance, a business of Prudential Financial, Inc. (NYSE: PRU), today announced it will discontinue the sale of Dental insurance, which it offers primarily to the small group market. The company will continue to service existing clients until their next contract renewal anniversary dates, at which time, Prudential will not offer a Dental insurance renewal, subject to regulatory notice requirements.

December 31, 2009

Prudential Financial Completes Sale of Minority Interest in Joint Venture

NEWARK, N.J., December 31, 2009 - Prudential Financial, Inc. (NYSE:PRU) today announced that it has completed the sale of its minority joint venture interest in Wachovia Securities Financial Holdings, LLC, which includes Wells Fargo Advisors (formerly Wachovia Securities) to Wells Fargo & Company. At the closing, Prudential received $4.5 billion in cash.
December 12, 2007

PRUDENTIAL FINANCIAL SETTLEMENTS IN GROUP INSURANCE REGULATORY INVESTIGATIONS

NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) confirmed today that its subsidiary, The Prudential Insurance Company of America, has reached separate settlements with the New York Attorney General and California Department of Insurance in connection with their investigations into regulatory matters involving its Group insurance business.
December 08, 2007

PRUDENTIAL FINANCIAL, INC. ANNOUNCES PRICING OF $2.0 BILLION OFFERING OF CONVERTIBLE DEBT

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced that it had priced a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended, of $2.0 billion aggregate principal amount of convertible senior notes due 2036. The initial purchasers also have an option to purchase an additional $300 million aggregate principal amount of the convertible notes solely to cover their overallotments. The sale of the convertible notes is expected to close on December 12, 2006, subject to customary closing conditions.
December 07, 2007

PRUDENTIAL FINANCIAL, INC. ANNOUNCES $2.0 BILLION OFFERING OF CONVERTIBLE DEBT

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced the offering of $2.0 billion aggregate principal amount of convertible senior notes due 2036 pursuant to Rule 144A under the Securities Act of 1933, as amended. Prudential Financial has granted the initial purchaser of the convertible notes an overallotment option to purchase up to an additional $300 million aggregate principal amount of the convertible notes.