Prudential Financial
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.
| Type | Public | |
| Founded | 1875 | |
| HQ | Newark, US | Map |
| Website | prudential.com |
Recent NewsAll News
- Prudential Financial to acquire Assurance IQ for $2.35 bln: Wall Street Journal
- Italy's Eurovita buys Pramerica Life from Prudential Financial
- United States Financial Wellness Benefits Marketto 2024 - Leading Players are Prudential Financial, Bank of America, Fidelity, Mercer, & Financial Finesse
- Prudential Financial operating profit drops 12 pct
Key People/Management at Prudential Financial
Charles Lowrey
CEO, Chairman
Robert Falzon
Vice Chairman
Stephen Pelletier
Executive Vice President and Chief Operating Officer, U.S. Businesses
Scott Sleyster
Executive Vice President and Chief Operating Officer, International Businesses
Timothy Harris
Executive Vice President and General Counsel
Ken Tanji
Executive Vice President and Chief Financial Officer
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
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
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 14.3b | 14.4b | 17.0b | 13.7b | 13.4b | 16.3b | 13.8b | 14.7b | 16.1b | 15.1b | 15.4b |
General and administrative expense | 2.8b | 3.0b | 3.0b | 2.9b | 3.0b | 2.9b | 2.9b | 2.8b | 3.0b | 3.2b | 3.1b |
Operating expense total | 12.6b | 13.1b | 14.6b | 11.9b | 12.8b | 13.3b | 12.1b | 14.4b | 14.3b | 14.0b | 14.5b |
Depreciation and amortization | 439.0m | 84.0m | 643.0m | 588.0m | 613.0m | 563.0m | 435.0m | 782.0m |
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 22.5b | 24.1b | 24.7b | 13.3b | 16.6b | 14.5b | 15.7b | 14.9b | 12.5b | 14.7b | 15.4b |
Total Assets | 773.0b | 796.5b | 819.9b | 797.4b | 812.6b | 821.1b | 829.7b | 819.9b | 822.7b | 849.3b | 873.8b |
Accounts Payable | 234.7b | 243.0b | 252.2b | 244.7b | 250.7b | 252.3b | 261.1b | 260.4b | 260.8b | 277.1b | 285.5b |
Short-term debt | 969.0m | 676.0m | 907.0m | 1.4b | 1.8b | 2.4b | 1.4b | 2.1b | 2.4b | 2.5b | 2.7b |
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 1.4b | 2.3b | 4.1b | 1.4b | 1.9b | 4.1b | 1.4b | 1.6b | 3.2b | 937.0m | 1.7b |
Depreciation and Amortization | 167.0m | 424.0m | 402.0m | (50.0m) | 107.0m | 271.0m | (22.0m) | 48.0m | 45.0m | 20.0m | (89.0m) |
Cash From Operating Activities | 6.3b | 13.5b | 17.0b | 1.6b | 4.7b | 8.8b | 2.3b | 6.7b | 10.3b | 3.1b | 8.2b |
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) |
| USD | Y, 2019 |
|---|---|
EV/CFO | 5 x |
Debt/Equity | 0.3 x |
Financial Leverage | 14.1 x |
Prudential Financial Operating Metrics
Prudential Financial's Assets Under Management was reported to be $1497t in Q2, 2019.
Prudential Financial Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| ASSURANCE | September 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. |
Prudential Financial Revenue Breakdown
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
159.8k Twitter followers
Prudential Financial has 159.8k Twitter Followers. The number of followers has increased 0.4% month over month and increased 1.2% quarter over quarter
Prudential Financial's Trends
Twitter Engagement Stats for @Prudential
4.9k
Tweets
116
Following
159.8k
Followers
26
Tweets last 30 days
284.3
Avg. likes per Tweet
100%
Tweets with engagement
Prudential Financial News and Updates
September 05, 2019
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.
August 01, 2019
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.
May 22, 2019
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...
February 06, 2019
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.
February 06, 2019
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…
February 06, 2019
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…
Prudential Financial Blogs
October 10, 2019
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.
October 09, 2019
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.
October 03, 2019
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…
September 12, 2019
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 …
September 05, 2019
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…
September 03, 2019
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.
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.
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