Company overview, corporate earnings and latest news.
Booming annuity sales helped Prudential record strong performance in its retirement businesses during a successful third quarter.
Prudential Financial reported a 21.5% rise in second-quarter adjusted profit as its FlexGuard suite of products sold very well.
Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.
Insurance: Prudential offers a range of insurance products, including life, health, disability, and property and casualty insurance.
Investment Management: Through its various subsidiaries, Prudential provides a wide array of investment management services to individual and institutional clients.
Retirement Solutions: Prudential offers retirement products and services.
Asset Management: Prudential’s asset management business is responsible for the creation, management, and administration of investment funds.
Group Insurance: This encompasses employer-paid (or sponsored) insurance products, catering primarily to workplace benefits programs.
Direct Sales: This is the traditional insurance sales method, where agents directly sell products to consumers.
Online Platforms: Prudential has an online presence allowing for direct purchase and management of policies and investment products, providing a seamless digital experience for customers.
Financial Advisors and Brokers: Prudential provides financial advice to customers.
Institutional Partnerships: Prudential partners with other financial institutions, like banks and other insurance companies, to distribute their products to a wider audience.
Workplace Benefits Programs: Prudential works directly with employers to provide group insurance and retirement solutions to their employees as part of their benefits packages.
$3.93
Prudential Financial · Earnings Per Share (EPS) · FY23 Q1
Ranked 19th • Total Annuity Sales, with $1.7 billion. Q1 2023.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial services to both retail and institutional customers throughout the United States and in over 40 other countries. Established in Newark, New Jersey in 1875, Prudential’s early reputation was built on life insurance sales, with its iconic symbol, the Rock of Gibraltar, symbolizing stability and reliability. With time, Prudential has diversified its offerings to encompass a comprehensive suite of financial solutions to cater to a broader customer base.
Today, Prudential is known for its extensive global presence and varied product portfolio. This robustness can be attributed to its strategic acquisitions, partnerships, and focused organic growth. Prudential’s commitment to corporate social responsibility is also noteworthy, with numerous initiatives aimed at sustainability, financial inclusion, and community support.
