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, US | Map |
| Website | prudential.com |
Recent NewsAll News
- Prudential Financial Stock Has A Limited Upside
- Does The Recent Rally In Prudential Financial Stock Mean – Opportunity?
- CEOs from 24 major companies like Pfizer, CarMax, HP, Prudential Financial, and more reveal action plans for racial equality
- Prudential Financial Stock Is Considerably Undervalued At $84
Key People/Management at Prudential 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
Scott Sleyster
Executive Vice President and Head of International Businesses
Scott E. Gaul
Senior Vice President and Head of Investment and Pension Solutions
Prudential Financial Office Locations
Prudential Financial has offices in Newark, Atlanta, Boston, Chicago and in 25 other locations
Newark, US (HQ)
751 Broad St
Atlanta, US
1075 Peachtree St NE #3600
Atlanta, US
2 Ravinia Dr NE
Atlanta, US
3350 Riverwood Pkwy #1500
Atlanta, US
Tower Place 200, 3348 Peachtree Rd #1100
Boston, 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 (Q2, 2020) | 12.1b |
Gross profit (Q2, 2020) | 3.7b |
Gross profit margin (Q2, 2020), % | 30.3% |
Net income (Q2, 2020) | (2.4b) |
Market capitalization (21-Sept-2020) | 25.7b |
Closing stock price (21-Sept-2020) | 64.7 |
Cash (30-Jun-2020) | 21.1b |
EV | 25.9b |
Prudential Financial's current market capitalization is $25.7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 13.7b | 13.4b | 16.3b | 13.8b | 14.7b | 16.1b | 15.1b | 15.4b | 15.1b | 13.5b | 12.1b |
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 |
Gross profit | 4.7b | 3.6b | 5.9b | 4.3b | 3.1b | 4.8b | 4.3b | 4.0b | 5.0b | 4.5b | 3.7b |
Gross profit Margin, % | 34% | 27% | 36% | 32% | 21% | 30% | 28% | 26% | 33% | 33% | 30% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 13.3b | 16.6b | 14.5b | 15.7b | 14.9b | 12.5b | 14.7b | 15.4b | 18.3b | 31.6b | 21.1b |
Total Assets | 797.4b | 812.6b | 821.1b | 829.7b | 819.9b | 822.7b | 849.3b | 873.8b | 885.6b | 873.7b | 915.4b |
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 |
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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 1.4b | 1.9b | 4.1b | 1.4b | 1.6b | 3.2b | 937.0m | 1.7b | 3.1b | (271.0m) | (2.7b) |
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 |
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 |
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) |
| 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 Cybersecurity Score
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 Online and Social Media Presence
156.24k Twitter followers
Prudential Financial has 156.24k Twitter Followers. The number of followers has decreased 0.1% month over month and decreased 1.1% quarter over quarter
Prudential Financial's Trends
Twitter Engagement Stats for @Prudential
5k
Tweets
113
Following
156.2k
Followers
13
Tweets last 30 days
36.4
Avg. likes per Tweet
100%
Tweets with engagement
Prudential Financial News and Updates
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…
February 27, 2020
Prudential Financial Stock Is Considerably Undervalued At $84
Trefis details the key components of Prudential Financial’s valuation in an interactive dashboard along with our forecast for full-year 2020 and estimates the fair value of Prudential Financial’s stock to be $108 per share – roughly 25% higher than the current market price...
February 24, 2020
Prudential Financial Shares Cross 5% Yield Mark
In trading on Monday, shares of Prudential Financial were yielding above the 5% mark based on its quarterly dividend (annualized to $4.4), with the stock changing hands as low as $87.05 on the day. D
January 18, 2020
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment Prudential Financial, Inc. of Class Action Lawsuit and Upcoming Deadline - PRU
NEW YORK, Jan. 18, 2020 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU) and certain of its officers. The class action, filed in United States District Court, for the District...
Prudential Financial Blogs
August 31, 2020
Prudential Financial, Inc. to Participate in 2020 KBW Virtual Insurance Conference; Live Webcast Available
NEWARK, N.J., August 31, 2020 - Prudential Financial, Inc. (NYSE: PRU) will participate in the KBW Virtual Insurance Conference on Thursday, September 10, 2020. On that day at approximately 11:20 a.m. ET, Robert Falzon, vice chairman, will participate in an analyst-led fireside chat.
August 27, 2020
PGIM Real Estate acquires 15-building US industrial portfolio for $425 million
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 4.7 million-square-foot, 15-building industrial portfolio located across eight properties in Atlanta, Dallas, Denver, Fort Worth, and Phoenix, for a total value of $425 million.
August 17, 2020
Innovative pension risk transfer approach offers Prudential clients a new way to wind down plans
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has completed the firm's fourth and final pension de-risking transaction with Boise, Idaho-based wood products manufacturer and building materials distributor Boise Cascade Company
August 11, 2020
Prudential Financial to sell Prudential of Taiwan to Taishin Financial
Prudential Financial, Inc. (NYSE:PRU) has entered into a definitive agreement with Taishin Financial Holding Co., Ltd., a leading Taiwan-based financial institution, to sell Prudential Life Insurance Company of Taiwan Inc.
August 04, 2020
Prudential Financial, Inc. Announces Second Quarter 2020 Results
Prudential Financial, Inc. (NYSE:PRU) reported second quarter results. Net loss attributable to Prudential Financial, Inc. was $2.409 billion ($6.12 per Common share) for the second quarter of 2020, compared to net income of $708 million ($1.71 per Common share) for the second quarter of 2019.
July 28, 2020
New Prudential program aims to ease pandemic-related financial stress in the workplace
Prudential Financial, Inc. has created a new workplace package designed specifically for concerned employees and time-strapped human resources teams.
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 Salene Hitchcock-Gear, Robert Falzon and Andy Sullivan.
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 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, Boston, Chicago and in 25 other locations.
How many offices does Prudential Financial have?
Prudential Financial has 37 offices.
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