Press Releases

Lacey Lockward to head Stable Value business; Alex Hyten to lead Structured Settlements, both with P&L responsibilities.

Prudential is profoundly disturbed by the manner of George Floyd’s death, and by the fact that he joins a long and ever-growing list of Black Americans who have lost their lives because of the color of their skin.

National nonprofit Operation Gratitude and Prudential Financial teamed up, with additional support from Mars Wrigley, to deliver “Jumbo Care Packages” containing handwritten letters of appreciation from grateful Americans—including those from more than 100 Prudential employees and their families—as well as coffee, single-serve snacks and candy, and hygiene and comfort items.

Prudential Group Insurance is helping to improve the process of choosing and managing group benefits with new and enhanced partnerships that will provide smoother, real-time and personalized interactions.

NEWARK, N.J., May 18, 2020 - Prudential Financial, Inc. (NYSE: PRU), launched FlexGuard^SM today, the company’s first indexed variable annuity product, designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their retirement assets into the future. The commission-based version launches today, with a fee-based version of FlexGuard to follow later this year.

RIVERSIDE, Calif., May 14, 2020 – PGIM Real Estate has arranged $66 million in acquisition financing for 6275 Lance Drive, a 1-million-square-foot industrial facility located in Riverside, California, within the Inland Empire submarket. The fixed-rate loan was arranged on behalf of the borrower, for which TA Realty provides investment advisory services, and has an eight-year term. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.10 per share of Common Stock, payable on June 18, 2020, to shareholders of record at the close of business on May 26, 2020.

When global lockdowns end, as families and communities recover, new opportunities and challenges will emerge for companies—and investors—around the world as they navigate the economic, social and political shifts brought on by the pandemic, according to research from PGIM.

Prudential Financial, Inc. (NYSE: PRU) reported first quarter results. Net loss attributable to Prudential Financial, Inc. was $271 million ($0.70 per Common share) for the first quarter of 2020, compared to net income of $932 million ($2.22 per Common share) for the first quarter of 2019.

PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its Manhattan office.