Prudential Financial Inc (Prudential) is a provider of financial products and services such as retirement-related services, annuities, life insurance, investment management and mutual funds. Its offerings include individual variable annuity, fixed annuity, individual variable life insurance, term life insurance, group life insurance, long-term and short-term group disability insurance and universal life insurance products. It also offers pension risk transfer solutions, guaranteed investment contracts, structured settlement annuities, investment-only stable value products, funding agreements, and administrative services for qualified and non-qualified retirement plans. It provides these products and services to individuals and institutional customers through proprietary and third-party distribution networks. The company operates in North America, Europe, and Asia. Prudential is headquartered in Newark, New Jersey, the US.
Headquarters
United States of America
Address
751 Broad St, Newark, New Jersey, 07102
Website
www.prudential.com
Telephone
1 973 8026000
No of Employees
39,854
Industry
Financial Services
Ticker Symbol & Exchange
PRU (NYSE)
Revenue (2022)
$60.1B
-15.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-118.6%
(2022 vs 2021)
Market Cap*
$34.4B
Net Profit Margin (2022)
XYZ
-122.0%
(2022 vs 2021)
* As of and is in US$
Prudential Financial Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Variable Life Insurance | Third-Party Financial Advisor Services |
| Term Life Insurance | Benefits Consultant Services |
| Universal Life Insurance | Structured Settlement Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In September, the company and Warburg Pincus launched Prismic Life Reinsurance Ltd, a licensed Class E Bermuda-based life and annuity reinsurance company. |
| 2023 | New Products/Services | In September, Pramerica Life Insurance introduced its new unit-linked insurance plan, the 'Pramerica Life Super Investment Plan'. |
| 2023 | Contracts/Agreements | In August, the company entered into a partnership with Disney Advertising and the Tournament of Roses to serve as the presenting sponsor of the Rose Bowl Game through the 2025-26 college football season. |
Competitor Comparison
| Key Parameters | Prudential Financial Inc | American International Group Inc (AIG) | Aflac Inc | Ameriprise Financial Inc | Principal Financial Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Newark | New York | Columbus | Minneapolis | Des Moines |
| State/Province | New Jersey | New York | Georgia | Minnesota | Iowa |
| No. of Employees | 39,854 | 26,200 | 12,882 | 13,500 | 19,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Charles F. Lowrey | Chief Executive Officer; Chairman | Executive Board | 2019 | 65 |
| Robert M. Falzon | Vice Chairman | Executive Board | 2018 | 63 |
| Kenneth Y. Tanji | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 56 |
| Stacey Goodman | Executive Vice President; Chief Information Officer | Senior Management | 2019 | 60 |
| Susan Somersille Johnson | Chief Marketing Officer | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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