Prudential Financial
OverviewSuggest Edit
Prudential Financial is a company providing investment, insurance, and retirement solutions. It offers provides a range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. The company serves individuals, advisors, employers, and institutions.
| Type | Public | |
| Founded | 1875 | |
| HQ | Newark, NJ, US | Map |
| Website | prudential.com | |
| Overall Culture | A+ | More |
Key People/Management at Prudential Financial
Charles Lowrey
Chairman and CEO, Financial
Salene Hitchcock-Gear
President, Individual Life Insurance
Glenn O'Brien
Managing Director, Head of U.S. Market
Robert Falzon
Vice Chairman
Scott Gaul
Senior Vice President and Head of Investment and Pension Solutions
Rohit Mathur
Vice President and Head of International Transactions
Prudential Financial Office Locations
Prudential Financial has offices in Newark, Atlanta, Boston, Chicago and in 26 other locations
Newark, NJ, US (HQ)
751 Broad St
Atlanta, GA, US
1075 Peachtree St NE #3600
Atlanta, GA, US
2 Ravinia Dr NE
Atlanta, GA, US
3350 Riverwood Pkwy #1500
Atlanta, GA, US
Tower Place 200, 3348 Peachtree Rd #1100
Boston, MA, US
One International Place, 100 Oliver St #720
Prudential Financial Financials and Metrics
Prudential Financial Revenue
Prudential Financial's revenue was reported to be $57.03 b in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 57.0b |
Gross profit (FY, 2020) | 22.0b |
Gross profit margin (FY, 2020), % | 38.5% |
Net income (FY, 2020) | (146.0m) |
EBIT (FY, 2020) | (242.0m) |
Market capitalization (26-Apr-2021) | 38.7b |
Closing stock price (26-Apr-2021) | 98.5 |
Cash (31-Dec-2020) | 13.7b |
EV | 45.7b |
Prudential Financial's current market capitalization is $38.7 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 13.7b | 13.4b | 16.3b | 13.8b | 14.7b | 16.1b | 15.1b | 15.4b | 15.1b | 13.5b | 12.1b | 15.4b |
Cost of goods sold | 9.0b | 9.9b | 10.4b | 9.4b | 11.6b | 11.4b | 10.8b | 11.4b | 10.1b | 9.0b | 8.5b | 8.3b |
Gross profit | 4.7b | 3.6b | 5.9b | 4.3b | 3.1b | 4.8b | 4.3b | 4.0b | 5.0b | 4.5b | 3.7b | 7.1b |
Gross profit Margin, % | 34% | 27% | 36% | 32% | 21% | 30% | 28% | 26% | 33% | 33% | 30% | 46% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 13.3b | 16.6b | 14.5b | 15.7b | 14.9b | 12.5b | 14.7b | 15.4b | 18.3b | 31.6b | 21.1b | 20.7b |
Total Assets | 797.4b | 812.6b | 821.1b | 829.7b | 819.9b | 822.7b | 849.3b | 873.8b | 885.6b | 873.7b | 915.4b | 911.6b |
Short-term debt | 1.4b | 1.8b | 2.4b | 1.4b | 2.1b | 2.4b | 2.5b | 2.7b | 1.5b | 2.5b | 1.1b | 1.1b |
Long-term debt | 17.9b | 17.6b | 17.2b | 18.1b | 16.7b | 17.4b | 18.3b | 17.8b | 19.2b | 20.1b | 20.2b | 20.2b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 1.4b | 1.9b | 4.1b | 1.4b | 1.6b | 3.2b | 937.0m | 1.7b | 3.1b | (271.0m) | (2.7b) | (1.2b) |
Depreciation and Amortization | (50.0m) | 107.0m | 271.0m | (22.0m) | 48.0m | 45.0m | 20.0m | (89.0m) | 352.0m | 329.0m | 383.0m | 448.0m |
Cash From Operating Activities | 1.6b | 4.7b | 8.8b | 2.3b | 6.7b | 10.3b | 3.1b | 8.2b | 15.6b | 14.8b | 13.5b | 12.9b |
Cash From Investing Activities | (3.0b) | (2.8b) | (8.2b) | (2.3b) | (6.5b) | (12.9b) | (5.3b) | (8.0b) | (13.1b) | (5.8b) | (13.3b) | (13.7b) |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 1.2m |
Debt/Equity | 0.4 x |
Financial Leverage | 17 x |
Prudential Financial Operating Metrics
Prudential Financial's Assets Under Management was reported to be $1.6t in FY, 2019.
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Under Management | $1.04 t | $1.07 t | $1.1 t | $1.13 t | $1.16 t | $1.16 t | $1.16 t | $1.17 t | $1.38 t | $1.46 t | $1.5 t | $1.52 t | $1.55 t |
Assets Under Management (Institutional) | $431.5 b | $445.2 b | $461.2 b | $478.3 b | $489.5 b | $489.6 b | $490.8 b | $505.7 b | $493.5 b | $524 b | $534.9 b | $539.8 b | $552.8 b |
Assets Under Management (Other) | $215.9 b | $234.1 b | $237.8 b | $235 b | $242.7 b | ||||||||
Assets Under Management (Retail) | $209.2 b | $217.6 b | $231.2 b | $239.9 b | $245.6 b | $246.2 b | $252 b | $258.3 b | $240.1 b | $256.4 b | $264.9 b | $269.3 b | $282.8 b |
Prudential Financial Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| ASSURANCE | September 05, 2019 | $3.5 b |
| Gibraltar BSN Life Berhad | January 02, 2014 | |
| AIG Edison | September 30, 2010 | |
| AIG Star | September 30, 2010 | |
| Yamato Life | May 01, 2009 | |
| MullinTBG Insurance Agency Services | October 14, 2008 | |
| Aoba Life Insurance Company | September 23, 2004 | |
| The Gibraltar Life Insurance Co., Ltd. | April 01, 2001 | |
| The WMF Group | May 01, 2000 | |
| 210-220 E. 22nd Street SSGA Owner, LLC |
Prudential Financial Revenue Breakdown
Prudential Financial revenue breakdown by business segment: 6.1% from PGIM, 9.8% from Group Insurance, 39.4% from International Insurance, 10.4% from Individual Life, 25.6% from Retirement, 8.5% from Individual Annuities and 0.2% from Other
Prudential Financial Cybersecurity Score
Prudential Financial Environment, Social & Governance (ESG) Ratings
Prudential Financial Online and Social Media Presence
153.65k Twitter followers
Prudential Financial has 153.65k Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.4% quarter over quarter
Prudential Financial's Trends
Twitter Engagement Stats for @Prudential
5.1k
Tweets
114
Following
153.7k
Followers
14
Tweets last 30 days
4.2
Avg. likes per Tweet
100%
Tweets with engagement
Prudential Financial Company Culture
Overall Culture
A+
78/100
CEO Rating
A+
80/100
Compensation
A-
75/100
Diversity
B
71/100
Prudential Financial News and Updates
March 18, 2021
At $91, Prudential Financial Stock Is Slightly High
Prudential Financial stock has rallied 133% since the March 23 lows of last year and at its current price of $91 per share, it is 5% above its fair value of $87 – Trefis’ estimate for Prudential Financial’s valuation. The insurance giant surpassed consensus estimates for revenues and earnings...
January 12, 2021
After A 100% Rally, Prudential Financial Stock Is Still Strong
After more than 100% gain since the March 23 lows of the last year, at the current price of $81 per share we believe Prudential Financial Stock has some more upside potential. Prudential Financial, the insurance giant, has seen its stock rally from $39 to $81 off the recent bottom compared to...
December 28, 2020
Worldwide Life Insurance Industry to 2023 - Players Include Metlife, Prudential Financial and Allianz
Dublin, Dec. 28, 2020 (GLOBE NEWSWIRE) -- The "Global Life Insurance Market to 2023" report has been added to ResearchAndMarkets.com's offering. The report provides in-depth market analysis, information, and insights into the global and regional life insurance industry.This report provides a deta…
December 04, 2020
Prudential Financial Stock Is Trading Above Its Fair Value
Having gained more than 100% since the March bottom and at its current price of just below $79 per share, Prudential Financial stock is 10% above its fair value of $72 – Trefis’ estimate for Prudential Financial’s valuation. In its recently released third-quarter results, PRU beat consensus earnings
September 02, 2020
Prudential Financial Stock Has A Limited Upside
Prudential Financial stock lost almost 59% - dropping from $95 at the end of 2019 to around $39 in late March – then spiked 73% to around $68 now. But that means it’s still 28% lower than where it started the year! There were 2 clear reasons for this: The Covid-19 outbreak and economic slowdown...
June 16, 2020
Does The Recent Rally In Prudential Financial Stock Mean – Opportunity?
Despite a 54% rise since the March 23 lows of this year, at the current price of around $60 per share, we believe Prudential Financial’s stock has more room to grow. Prudential Financial’s stock has rallied from $39 to $60 off the recent bottom compared to the S&P which moved 43%...
Prudential Financial Blogs
May 06, 2021
Spirit of Community provides inspiration during a difficult year
Prudential's 2021 Spirit of Community's honorees are the epitome of ingenuity and compassion.
May 04, 2021
Prudential Financial, Inc. Announces First Quarter 2021 Results
Prudential Financial, Inc. reported first quarter results. Net income attributable to Prudential Financial, Inc. was $2.828 billion ($6.98 per Common share) for the first quarter of 2021, compared to net loss of $271 million ($0.70 per Common share) for the first quarter of 2020.
May 03, 2021
America's top 10 youth volunteers of 2021 named at 26th annual Prudential Spirit of Community Awards
For initiatives that range from addressing COVID-19 to advocating for inclusion, 10 students were named America's top youth volunteers of 2021 on Sunday evening by The Prudential Spirit of Community Awards.
April 28, 2021
Prudential, Zurich close significant £6 billion longevity reinsurance transaction
Prudential Retirement's International Reinsurance business has closed its first reinsurance transaction involving an unnamed U.K. pension scheme using an independent U.K.-regulated insurer, Zurich Assurance Ltd., as intermediary.
April 08, 2021
Prudential appoints Richard Parkinson as chief brand officer
Prudential Financial, Inc. (NYSE: PRU) announced today that Richard Parkinson will join the company as chief brand officer, effective May 10.
April 01, 2021
Prudential's FlexGuard indexed variable annuity adds Invesco QQQ ETF and BlackRock iShares Russell 2000 ETF as options
NEWARK, N.J., April 1, 2021 – Prudential Financial, Inc. (NYSE: PRU) added two of the largest exchange-traded funds (ETFs)—the Invesco QQQ ETF (NASDAQ: QQQ), which tracks the Nasdaq-100 Index, and the BlackRock iShares Russell 2000 ETF (NYSE: IWM)—as options within the crediting strategies of Pruden…
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 Lowrey, Salene Hitchcock-Gear and Glenn O'Brien.
How many employees does Prudential Financial have?
Prudential Financial has 51,511 employees.
What is Prudential Financial revenue?
Latest Prudential Financial annual revenue is $57 b.
What is Prudential Financial revenue per employee?
Latest Prudential Financial revenue per employee is $1.1 m.
Who are Prudential Financial competitors?
Competitors of Prudential Financial include Ameriprise Financial, The Great-West Life Assurance Company and Allstate.
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, Boston, Chicago and in 26 other locations.
How many offices does Prudential Financial have?
Prudential Financial has 38 offices.
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