Prudential Financial

OverviewSuggest Edit

Prudential Financial is a financial services provider and investment manager. Through its subsidiaries and affiliates it offers a variety of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds, and investment management. The company serves individuals, advisors, employers, and institutions.
TypePublic
Founded1875
HQNewark, NJ, US
Websiteprudential.com
Employee Ratings3.7
Overall CultureA

Latest Updates

Employees (est.) (Dec 2021)40,916(-1%)
Job Openings4,371
Revenue (FY, 2021)$70.9 B(+25%)
Share Price (Jul 2022)$96.1
Cybersecurity ratingAMore
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Key People/Management at Prudential Financial

Charles F. Lowrey

Charles F. Lowrey

Chairman and Chief Executive Officer
Ken Tanji

Ken Tanji

Executive Vice President and Chief Financial Officer
Nick Silitch

Nick Silitch

Senior Vice President and Chief Risk Officer
Lucien Alziari

Lucien Alziari

Executive Vice President and Chief Human Resources Officer
Stacey Goodman

Stacey Goodman

Executive Vice President and Chief Information Officer
Timothy Schmidt

Timothy Schmidt

Senior Vice President and Chief Investment Officer
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Prudential Financial Office Locations

Prudential Financial has offices in Newark, Atlanta, Chicago, Dallas and in 22 other locations
Newark, NJ, US (HQ)
751 Broad St
Atlanta, GA, US
1075 Peachtree St NE #3600
Atlanta, GA, US
3350 Riverwood Pkwy #1500
Chicago, IL, US
Two Prudential Plaza, 180 N Stetson Ave #3275Chicago
Dallas, TX, US
2100 Ross Ave #2500
Dallas, TX, US
Chase Tower, 2200 Ross Ave #4300Dallas
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Prudential Financial Financials and Metrics

Prudential Financial Revenue

Prudential Financial's revenue was reported to be $70.93 b in FY, 2021
USD

Revenue (Q1, 2022)

13.2b

Net income (Q1, 2022)

(44.0m)

Market capitalization (26-Jul-2022)

36.3b

Closing stock price (26-Jul-2022)

96.1

Cash (31-Mar-2022)

14.1b
Prudential Financial's current market capitalization is $36.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

64.8b57.0b70.9b

Revenue growth, %

3%(12%)

Cost of goods sold

46.3b35.1b

Gross profit

18.5b22.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

15.1b15.4b15.1b13.5b12.1b15.4b17.0b15.9b21.6b13.2b

Cost of goods sold

10.8b11.4b10.1b9.0b8.5b8.3b8.1b8.9b

Gross profit

4.3b4.0b5.0b4.5b3.7b7.1b8.8b

Gross profit Margin, %

28%26%33%33%30%46%52%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

16.3b13.7b12.9b

Total Assets

896.6b940.7b937.6b

Short-term debt

1.9b925.0m722.0m

Long-term debt

18.6b19.7b18.6b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

4.2b(146.0m)7.8b

Depreciation and Amortization

460.0m457.0m204.0m

Cash From Operating Activities

19.6b8.4b9.8b

Cash From Investing Activities

(17.0b)(16.2b)(5.3b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

937.01.7b3.1b(270.0m)(2.7b)(1.2b)2.8b5.0b6.6b(31.0m)

Depreciation and Amortization

20.0(89.0m)352.0m329.0m383.0m448.0m30.0m45.0m87.0m18.0m

Cash From Operating Activities

3.1k8.2b15.6b14.8b13.5b12.9b(3.3b)1.1b6.5b1.0m

Cash From Investing Activities

(5.3k)(8.0b)(13.1b)(5.8b)(13.3b)(13.7b)6.5b3.2b597.0m495.0m
USDQ1, 2019

Debt/Equity

0.4 x

Financial Leverage

15.3 x
Show all financial metrics

Prudential Financial Operating Metrics

Prudential Financial's Assets Under Management was reported to be $1.7t in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Assets Under Management

$1.38 t$1.46 t$1.5 t$1.52 t$1.55 t$1.48 t$1.61 t$1.65 t$1.72 t$1.66 t

Assets Under Management (Institutional)

$493.5 b$524 b$534.9 b$539.8 b$552.8 b$524.8 b$571.2 b$591 b$614.9 b$591.8 b

Assets Under Management (Other)

$215.9 b$234.1 b$237.8 b$235 b$242.7 b$185.7 b$210.8 b$205 b$222.3 b$212.1 b

Assets Under Management (Retail)

$240.1 b$256.4 b$264.9 b$269.3 b$282.8 b$282.4 b$320.2 b$343 b$372 b$381 b

Prudential Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Green Harvest Asset Management LLCDecember 01, 2021
Montana Capital PartnersAugust 01, 2021
ASSURANCESeptember 05, 2019$3.5 b
Gibraltar BSN Life BerhadJanuary 02, 2014
AIG EdisonSeptember 30, 2010
AIG StarSeptember 30, 2010
Yamato LifeMay 01, 2009
MullinTBG Insurance Agency ServicesOctober 14, 2008
Aoba Life Insurance CompanySeptember 23, 2004
Aoba Life Insurance Company Ltd.September 23, 2004$182 m
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Human Capital Metrics

Source: www.sec.gov
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Prudential Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Prudential Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

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Prudential Financial Online and Social Media Presence

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Prudential Financial Company Culture

  • Overall Culture

    A

    78/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A-

    77/100

  • Diversity

    B+

    73/100

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Prudential Financial News and Updates

Prudential Financial Stock Has Limited Potential

At its current price of $105 per share, it is trading just 7% below its fair value of $113 – Trefis’ estimate for Prudential Financial’s valuation.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU

NEW YORK, May 25, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. (“Prudential” or the “Company”) (NYSE: PRU).  Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

Giving a coworker the gift of life

A friendship between two Prudential employees leads to a lifesaving, one-of-a-kind match.

First-gen success: ‘We are trailblazers in our families’

Prudential’s Rosauri Rodriguez on the responsibilities and joys of being a child of immigrants and having to create her own path.

Fortitude Re closes acquisition of Prudential Financial portfolio

Carlyle Group Inc.-backed Fortitude Reinsurance Co. Ltd. said Friday it closed its acquisition of Prudential Annuities Life Assurance Corp. (PALAC), a unit of Prudential Financial Inc. , for an undisclosed sum. The deal, which was announced in September, includes about $31 billion of in-force varia…

Prudential Financial and LeapFrog Investments to back Alexander Forbes

Prudential Financial and LeapFrog Investments will invest in Alexander Forbes, a provider of financial advice, retirement, investment and holistic wealth management services in South Africa.
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Prudential Financial Blogs

Prudential hires Utkarsh Patel as global head of digital products

Transformation leader to deliver innovative customer-centric digital solutions to drive growth for Prudential

Prudential names Stan Little as U.S. Business chief marketing officer

Global marketing and sales leader brings a tech-forward mindset to deliver industry-leading customer experiences and drive business growth

Prudential Financial, Inc. Announces First Quarter 2022 Results

"We delivered solid operating earnings for the first quarter, including strong variable investment income that more than offset the impact of elevated COVID-19 mortality" -- Charlie Lowrey, Chairman and CEO.

Young changemakers awarded $15,000 each from Prudential Financial at inaugural Emerging Visionaries Summit

The five Grand Prize winners were among 25 young people honored by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for their work addressing the challenges of a changing world.

Prudential Financial completes sale to Empower of full-service retirement business

Transaction advances Prudential's transformation into a higher growth, less market sensitive, more nimble business

Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities

Marks key step in executing on Prudential's strategy, while maintaining consistent experience for customers.
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Prudential Financial Frequently Asked Questions

  • When was Prudential Financial founded?

    Prudential Financial was founded in 1875.

  • Who are Prudential Financial key executives?

    Prudential Financial's key executives are Charles F. Lowrey, Ken Tanji and Nick Silitch.

  • How many employees does Prudential Financial have?

    Prudential Financial has 40,916 employees.

  • What is Prudential Financial revenue?

    Latest Prudential Financial annual revenue is $70.9 b.

  • What is Prudential Financial revenue per employee?

    Latest Prudential Financial revenue per employee is $1.7 m.

  • Who are Prudential Financial competitors?

    Competitors of Prudential Financial include Generali Group, Ameriprise Financial and The Great-West Life Assurance Company.

  • Where is Prudential Financial headquarters?

    Prudential Financial headquarters is located at 751 Broad St, Newark.

  • Where are Prudential Financial offices?

    Prudential Financial has offices in Newark, Atlanta, Chicago, Dallas and in 22 other locations.

  • How many offices does Prudential Financial have?

    Prudential Financial has 31 offices.