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
Robert Falzon
Vice Chairman
Andy Sullivan
Executive Vice President and Head of U.S. Businesses
Christian Ercole
Vice President, Longevity Risk Transfer
Brian Curran
Senior Investment Vice President
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 $64.81 b in FY, 2019 which is a 2.9% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 15.4b |
Gross profit (Q3, 2020) | 7.1b |
Gross profit margin (Q3, 2020), % | 46.1% |
Net income (Q3, 2020) | 1.5b |
Market capitalization (5-Feb-2021) | 31.7b |
Closing stock price (5-Feb-2021) | 80.2 |
Cash (30-Sept-2020) | 20.7b |
EV | 32.4b |
Prudential Financial's current market capitalization is $31.7 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 | $1.10 t | $1.13 t | $1.16 t | $1.16 t | $1.16 t | $1.17 t | $1.38 t | $1.46 t | $1.50 t | $1.52 t | $1.55 t |
Assets Under Management (Institutional) | $431.50 b | $445.20 b | $461.20 b | $478.30 b | $489.50 b | $489.60 b | $490.80 b | $505.70 b | $493.50 b | $524 b | $534.90 b | $539.80 b | $552.80 b |
Assets Under Management (Other) | $215.90 b | $234.10 b | $237.80 b | $235 b | $242.70 b | ||||||||
Assets Under Management (Retail) | $209.20 b | $217.60 b | $231.20 b | $239.90 b | $245.60 b | $246.20 b | $252 b | $258.30 b | $240.10 b | $256.40 b | $264.90 b | $269.30 b | $282.80 b |
Prudential Financial Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| ASSURANCE | September 05, 2019 | $3.50 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
154.12k Twitter followers
Prudential Financial has 154.12k Twitter Followers. The number of followers has decreased 0.4% month over month and decreased 1.2% quarter over quarter
Prudential Financial's Trends
Twitter Engagement Stats for @Prudential
5.1k
Tweets
115
Following
154.1k
Followers
14
Tweets last 30 days
16.9
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
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%...
June 13, 2020
CEOs from 24 major companies like Pfizer, CarMax, HP, Prudential Financial, and more reveal action plans for racial equality
In April, Business Insider asked 200 CEOs how their business would be transformed by the coronavirus pandemic.
With the killing of George Floyd and the ensuing civil unrest, we went back and asked these executives what they were doing to address racial inequality and inclusion within their compan…
Prudential Financial Blogs
February 16, 2021
Prudential adds Wellthy, a service for caregivers, to its financial wellness portfolio
Prudential (NYSE: PRU) is partnering with Wellthy, a leading provider in the caregiving space, to incorporate Wellthy's suite of digital and concierge caregiving services into Prudential's financial wellness offering. These services will help employers relieve the caregiving burden impacting their e…
February 09, 2021
Prudential Financial names Spirit of Community Class of 2021, celebrating young volunteers for tackling the challenges of a changing world
Prudential Financial announced its 2021 class of Spirit of Community Awards State Honorees — 102 middle level and high school students from across the United States whose volunteering has addressed critical community needs.
February 02, 2021
Prudential to launch new managed advice platform, powered by NextCapital
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has unveiled Advice and Income Engines at Prudential, a next-generation digital managed advice platform, powered by NextCapital.
January 25, 2021
Prudential Financial announces new leader of US insurance and retirement businesses
Prudential Financial, Inc. (NYSE: PRU) has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement Businesses.
January 14, 2021
Genesis Healthcare, Inc. selects Prudential to oversee $1.1B in retirement assets
Genesis Healthcare, Inc. (Genesis), one of the nation's largest post-acute care providers with more than 325 skilled nursing centers and senior living communities in 24 states nationwide, has selected Prudential Retirement as record keeper for its defined contribution retirement plans.
January 12, 2021
Prudential Financial promotes Alan Sexton to Chief Communications Officer
Sexton joined Prudential in 2018 with more than 20 years of communications and corporate affairs experience.
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 Robert Falzon.
How many employees does Prudential Financial have?
Prudential Financial has 51,511 employees.
What is Prudential Financial revenue?
Latest Prudential Financial annual revenue is $64.8 b.
What is Prudential Financial revenue per employee?
Latest Prudential Financial revenue per employee is $1.3 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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