Prudential Financial
- Assets Under Management$1.7 TQ1, 2021
- Revenue$70.9 BFY, 2021
- Market Capitalization$36.3 B2022-07-26
OverviewSuggest Edit
Prudential Financial is a financial services provider and investment manager. Through its subsidiaries and affiliates it offers a variety of financial products and services, including life insurance, annuities, retirement-related products and 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 | |
| Employee Ratings | ||
| Overall Culture | A | More |
Key People/Management at Prudential Financial
Charles F. Lowrey
Chairman and Chief Executive Officer
Ken Tanji
Executive Vice President and Chief Financial Officer
Nick Silitch
Senior Vice President and Chief Risk Officer
Lucien Alziari
Executive Vice President and Chief Human Resources Officer
Stacey Goodman
Executive Vice President and Chief Information Officer
Timothy Schmidt
Senior Vice President and Chief Investment Officer
Prudential Financial Office Locations
Prudential Financial has offices in Newark, Atlanta, Chicago, Dallas and in 22 other locations
Newark, NJ, US (HQ)
751 Broad St
Atlanta, GA, US
1075 Peachtree St NE #3600
Atlanta, GA, US
3350 Riverwood Pkwy #1500
Chicago, IL, US
Two Prudential Plaza, 180 N Stetson Ave #3275Chicago
Dallas, TX, US
2100 Ross Ave #2500
Dallas, TX, US
Chase Tower, 2200 Ross Ave #4300Dallas
Prudential Financial Financials and Metrics
Prudential Financial Revenue
Prudential Financial's revenue was reported to be $70.93 b in FY, 2021
| USD | |
|---|---|
Revenue (Q1, 2022) | 13.2b |
Net income (Q1, 2022) | (44.0m) |
Market capitalization (26-Jul-2022) | 36.3b |
Closing stock price (26-Jul-2022) | 96.1 |
Cash (31-Mar-2022) | 14.1b |
Prudential Financial's current market capitalization is $36.3 b.
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 14.7b | 15.4b | 18.3b | 31.6b | 21.1b | 20.7b | 16.1b | 15.1b | 15.6b | 14.1b |
Total Assets | 849.3b | 873.8b | 885.6b | 873.7b | 915.4b | 911.6b | 907.3b | 926.5b | 932.6b | 878.1b |
Short-term debt | 2.5b | 2.7b | 1.5b | 2.5b | 1.1b | 1.1b | 867.0m | 909.0m | 909.0m | 544.0m |
Long-term debt | 18.3b | 17.8b | 19.2b | 20.1b | 20.2b | 20.2b | 19.7b | 19.7b | 18.7b | 19.7b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 937.0 | 1.7b | 3.1b | (270.0m) | (2.7b) | (1.2b) | 2.8b | 5.0b | 6.6b | (31.0m) |
Depreciation and Amortization | 20.0 | (89.0m) | 352.0m | 329.0m | 383.0m | 448.0m | 30.0m | 45.0m | 87.0m | 18.0m |
Cash From Operating Activities | 3.1k | 8.2b | 15.6b | 14.8b | 13.5b | 12.9b | (3.3b) | 1.1b | 6.5b | 1.0m |
Cash From Investing Activities | (5.3k) | (8.0b) | (13.1b) | (5.8b) | (13.3b) | (13.7b) | 6.5b | 3.2b | 597.0m | 495.0m |
| USD | Q1, 2019 |
|---|---|
Debt/Equity | 0.4 x |
Financial Leverage | 15.3 x |
Prudential Financial Operating Metrics
Prudential Financial's Assets Under Management was reported to be $1.7t in Q1, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets Under Management | $1.38 t | $1.46 t | $1.5 t | $1.52 t | $1.55 t | $1.48 t | $1.61 t | $1.65 t | $1.72 t | $1.66 t |
Assets Under Management (Institutional) | $493.5 b | $524 b | $534.9 b | $539.8 b | $552.8 b | $524.8 b | $571.2 b | $591 b | $614.9 b | $591.8 b |
Assets Under Management (Other) | $215.9 b | $234.1 b | $237.8 b | $235 b | $242.7 b | $185.7 b | $210.8 b | $205 b | $222.3 b | $212.1 b |
Assets Under Management (Retail) | $240.1 b | $256.4 b | $264.9 b | $269.3 b | $282.8 b | $282.4 b | $320.2 b | $343 b | $372 b | $381 b |
Prudential Financial Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Green Harvest Asset Management LLC | December 01, 2021 | |
| Montana Capital Partners | August 01, 2021 | |
| 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 | |
| Aoba Life Insurance Company Ltd. | September 23, 2004 | $182 m |
Prudential Financial Cybersecurity Score
Prudential Financial Environment, Social & Governance (ESG) Ratings
Prudential Financial Online and Social Media Presence
150.61k Twitter followers
Prudential Financial has 150.61k Twitter Followers. The number of followers has decreased 0.1% quarter over quarter
Prudential Financial's Trends
Twitter Engagement Stats for @Prudential
5.1k
Tweets
109
Following
150.6k
Followers
13
Tweets last 30 days
4.8
Avg. likes per Tweet
100%
Tweets with engagement
Prudential Financial Company Culture
Overall Culture
A
78/100
CEO Rating
A+
80/100
Compensation
A-
77/100
Diversity
B+
73/100
Prudential Financial News and Updates
June 08, 2022
Prudential Financial Stock Has Limited Potential
At its current price of $105 per share, it is trading just 7% below its fair value of $113 – Trefis’ estimate for Prudential Financial’s valuation.
May 25, 2022
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Prudential Financial, Inc. - PRU
NEW YORK, May 25, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. (“Prudential” or the “Company”) (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
April 11, 2022
Giving a coworker the gift of life
A friendship between two Prudential employees leads to a lifesaving, one-of-a-kind match.
April 08, 2022
First-gen success: ‘We are trailblazers in our families’
Prudential’s Rosauri Rodriguez on the responsibilities and joys of being a child of immigrants and having to create her own path.
April 01, 2022
Fortitude Re closes acquisition of Prudential Financial portfolio
Carlyle Group Inc.-backed Fortitude Reinsurance Co. Ltd. said Friday it closed its acquisition of Prudential Annuities Life Assurance Corp. (PALAC), a unit of Prudential Financial Inc. , for an undisclosed sum. The deal, which was announced in September, includes about $31 billion of in-force varia…
March 18, 2022
Prudential Financial and LeapFrog Investments to back Alexander Forbes
Prudential Financial and LeapFrog Investments will invest in Alexander Forbes, a provider of financial advice, retirement, investment and holistic wealth management services in South Africa.
Prudential Financial Blogs
June 06, 2022
Prudential hires Utkarsh Patel as global head of digital products
Transformation leader to deliver innovative customer-centric digital solutions to drive growth for Prudential
May 26, 2022
Prudential names Stan Little as U.S. Business chief marketing officer
Global marketing and sales leader brings a tech-forward mindset to deliver industry-leading customer experiences and drive business growth
May 03, 2022
Prudential Financial, Inc. Announces First Quarter 2022 Results
"We delivered solid operating earnings for the first quarter, including strong variable investment income that more than offset the impact of elevated COVID-19 mortality" -- Charlie Lowrey, Chairman and CEO.
April 28, 2022
Young changemakers awarded $15,000 each from Prudential Financial at inaugural Emerging Visionaries Summit
The five Grand Prize winners were among 25 young people honored by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for their work addressing the challenges of a changing world.
April 04, 2022
Prudential Financial completes sale to Empower of full-service retirement business
Transaction advances Prudential's transformation into a higher growth, less market sensitive, more nimble business
April 01, 2022
Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities
Marks key step in executing on Prudential's strategy, while maintaining consistent experience for customers.
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 F. Lowrey, Ken Tanji and Nick Silitch.
How many employees does Prudential Financial have?
Prudential Financial has 40,916 employees.
What is Prudential Financial revenue?
Latest Prudential Financial annual revenue is $70.9 b.
What is Prudential Financial revenue per employee?
Latest Prudential Financial revenue per employee is $1.7 m.
Who are Prudential Financial competitors?
Competitors of Prudential Financial include Generali Group, Ameriprise Financial and The Great-West Life Assurance Company.
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 22 other locations.
How many offices does Prudential Financial have?
Prudential Financial has 31 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies