Press Releases

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.

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.

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.

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 ...

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.

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. 

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...

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 ...

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 ...

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.