OverviewSuggest Edit

Prudential Financial offers individual and institutional clients financial products and services. The company provides a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds, and investment management. Its operations consist of four divisions: the U.S. Retirement Solutions and Investment Management; Individual Life and Group Insurance; the International Insurance; and the Closed Block.
TypePublic
Founded1875
HQNewark, US
Websiteprudential.com

Latest Updates

Employees (est.) (Dec 2018)50,492(+2%)
Job Openings516
Revenue (FY, 2018)$63 B(+6%)
Share Price (Oct 2019)$89.5

Key People/Management at Prudential Financial

Charles Lowrey

Charles Lowrey

CEO, Chairman
Robert Falzon

Robert Falzon

Vice Chairman
Stephen Pelletier

Stephen Pelletier

Executive Vice President and Chief Operating Officer, U.S. Businesses
Scott Sleyster

Scott Sleyster

Executive Vice President and Chief Operating Officer, International Businesses
Timothy Harris

Timothy Harris

Executive Vice President and General Counsel
Ken Tanji

Ken Tanji

Executive Vice President and Chief Financial Officer
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Prudential Financial Office Locations

Prudential Financial has offices in Newark, Atlanta, Chicago, Dallas and in 12 other locations
Newark, US (HQ)
751 Broad St
Atlanta, US
3350 Riverwood Pkwy #1500
Chicago, US
Two Prudential Plaza, 180 N Stetson Ave #3275Chicago
Dallas, US
2100 Ross Ave #2500
Dallas, US
Chase Tower, 2200 Ross Ave #4300Dallas
Hartford, US
280 Trumbull St
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Prudential Financial Financials and Metrics

Prudential Financial Revenue

Prudential Financial's revenue was reported to be $62.99 b in FY, 2018 which is a 5.5% increase from the previous period.
USD

Revenue (Q2, 2019)

15.4b

Net income (Q2, 2019)

738.0m

Market capitalization (16-Oct-2019)

36.0b

Closing stock price (16-Oct-2019)

89.5

Cash (30-Jun-2019)

15.4b

EV

41.0b
Prudential Financial's current market capitalization is $36 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

58.8b59.7b63.0b

Revenue growth, %

3%2%6%

General and administrative expense

11.8b11.9b11.9b

Operating expense total

11.8b53.2b58.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

14.3b14.4b17.0b13.7b13.4b16.3b13.8b14.7b16.1b15.1b15.4b

General and administrative expense

2.8b3.0b3.0b2.9b3.0b2.9b2.9b2.8b3.0b3.2b3.1b

Operating expense total

12.6b13.1b14.6b11.9b12.8b13.3b12.1b14.4b14.3b14.0b14.5b

Depreciation and amortization

439.0m84.0m643.0m588.0m613.0m563.0m435.0m782.0m
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

14.1b14.5b15.4b

Total Assets

784.0b831.9b815.1b

Accounts Payable

2.3b257.3b273.8b

Dividends Payable

4.1b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

4.4b8.0b4.1b

Depreciation and Amortization

318.0m222.0m161.0m

Cash From Operating Activities

14.8b13.4b21.7b

Cash From Investing Activities

(21.6b)(11.9b)(21.6b)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

1.4b2.3b4.1b1.4b1.9b4.1b1.4b1.6b3.2b937.0m1.7b

Depreciation and Amortization

167.0m424.0m402.0m(50.0m)107.0m271.0m(22.0m)48.0m45.0m20.0m(89.0m)

Cash From Operating Activities

6.3b13.5b17.0b1.6b4.7b8.8b2.3b6.7b10.3b3.1b8.2b

Cash From Investing Activities

(2.7b)(7.8b)(13.1b)(3.0b)(2.8b)(8.2b)(2.3b)(6.5b)(12.9b)(5.3b)(8.0b)
USDY, 2019

EV/CFO

5 x

Debt/Equity

0.3 x

Financial Leverage

14.1 x
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Prudential Financial Operating Metrics

Prudential Financial's Assets Under Management was reported to be $1497t in Q2, 2019.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Assets Under Management

$1.18 t$1.18 t$1.22 t$1.27 t$1.31 t$1.26 t$1.30 t$1.33 t$1.37 t$1.39 t$1.39 t$1.39 t$1.41 t$1.38 t$1.46 t$1.497 t
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Prudential Financial Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ASSURANCESeptember 05, 2019$3.50 b
210-220 E. 22nd Street SSGA Owner, LLC
49-51 avenue George V Holdings SAS
49-51 avenue George V SCI
Adlerwerke CB Investment LLC
Administradora de Fondos de Pensiones Habitat, S.A.
Administradora de Inversiones Previsionales SpA
AREF Cayman Co Ltd.
AREF GP Ltd.
Asia Property Fund III GP S.a.r.l.
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Prudential Financial Revenue Breakdown

Embed Graph

Prudential Financial revenue breakdown by business segment: 10.6% from International Insurance, 79.9% from Retirement and 9.5% from Other

Prudential Financial Online and Social Media Presence

Embed Graph

Prudential Financial News and Updates

Prudential Financial to acquire Assurance IQ for $2.35 bln: Wall Street Journal

Prudential Financial is buying Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported. Assurance, an insurtech, uses data science and machine learning to sell life, health, Medigap and auto policies online to customers, the story said.

Italy's Eurovita buys Pramerica Life from Prudential Financial

Eurovita Holding, an Italian life insurer fully owned by private equity firm Cinven, said on Thursday it had bought rival Pramerica Life from Prudential Financial.

United States Financial Wellness Benefits Marketto 2024 - Leading Players are Prudential Financial, Bank of America, Fidelity, Mercer, & Financial Finesse

DUBLIN, May 22, 2019 /PRNewswire/ -- The "Financial Wellness Benefits Market in US - Industry Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. The US financial wellness benefits market is expected to cross $825 million by 2024, growing at a CAGR...

Prudential Financial operating profit drops 12 pct

Prudential Financial Inc on Thursday reported a 12 percent drop in adjusted operating income, partly due to a loss in its individual life insurance business and declines in other units.

Remain committed to life insurance business in India: Prudential Financial

US-based Prudential Financial Inc, which holds 49 per cent stake in DHFL Pramerica Life Insurance, said it remains committed to India and is scouting for a new local partner for the insurance company. Mortgage firm DHFL, which has 51 per cent in DHFL Pramerica Life Insurance, looks to exit the insur…

Statement from Prudential Financial, Inc. Regarding DHFL Pramerica Life Insurance

"An article appeared yesterday in the press that misrepresented Prudential Financial's plan with regard to DHFL Pramerica Life Insurance (DPLI), our joint venture with Dewan Housing Finance, said a statement from Prudential Financial, Inc. Regarding DHFL Pramerica Life Insurance."To be clear, we rem…
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Prudential Financial Blogs

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.

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.

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 websi…

MEDIA ADVISORY: Leading global longevity experts convene in Washington, D.C. to talk importance of financial wellness in an aging society

The foremost minds on longevity from around the globe – including representation from industry, academia and government – are gathering in the nation's capital this week to talk about the current assessment of longevity risk, market and government developments and the responses by pension funds and …

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 indi…

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.
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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 Lowrey, Robert Falzon and Stephen Pelletier.

  • How many employees does Prudential Financial have?

    Prudential Financial has 50,492 employees.

  • What is Prudential Financial revenue?

    Latest Prudential Financial annual revenue is $63 b.

  • What is Prudential Financial revenue per employee?

    Latest Prudential Financial revenue per employee is $1.2 m.

  • Who are Prudential Financial competitors?

    Competitors of Prudential Financial include The Great-West Life Assurance Company, Allstate and Massachusetts Mutual Life Insurance Company (MassMutual).

  • 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 12 other locations.

  • How many offices does Prudential Financial have?

    Prudential Financial has 23 offices.