Second Quarter 2024 Company Fact Sheet
Key Financials1
After-tax adjusted earnings per share
Q2
FACT SHEET
Updated
Q2 Selected Business Metrics1(YoY reflects 2Q24 vs. 2Q23)
|
PGIM4| AOI of |
15% |
|||||||||||||
|
Assets Under |
Asset Management Fees |
|||||||||||||
|
Trailing twelve months |
40% |
22% |
21% |
12% 5% |
||||||||||
|
Management |
||||||||||||||
|
|
||||||||||||||
|
Public Fixed Income |
Public Equity |
Private Credit & |
||||||||||||
|
5% |
||||||||||||||
|
Real Estate |
Multi-Asset Class |
Other Alternatives |
||||||||||||
After-tax adjusted operating income
|
RETIREMENT STRATEGIES |
AOI of |
18% |
|
|
||
12%
Net income
Assets under management
Institutional
Retirement
Strategies
Year-to-date Sales
58%
Individual
Retirement
Strategies
Year-to-date Sales
90%
Group
Insurance
Year-to-date Sales5
13%
Individual
Life
Year-to-date Sales5
7%
Adjusted book value per share2
Highly liquid assets3
|
International Businesses | |
AOI of |
-10% |
||||||||||
|
Sales6 |
Sales - Currency Mix |
|||||||||||
|
Trailing twelve months |
60% |
24% |
14% |
|||||||||
|
|
||||||||||||
|
2% |
||||||||||||
|
11% |
||||||||||||
|
USD |
JPY |
BRL |
Other |
|||||||||
¹Results as of
2Adjusted book value is calculated as total equity (GAAP book value) excluding accumulated other comprehensive income (loss) and the cumulative effect of foreign currency exchange rate remeasurements and currency translation adjustments corresponding to realized investment gains and losses.
3Represents the highly liquid asset balance at the parent company as of
4PGIM is the Company's global investment management business.
5Based on annualized new business premiums.
6Constant exchange rate basis. Foreign denominated activity translated to
Q2 PRUDENTIAL FINANCIAL FACT SHEET Updated
Fast Facts
1875
Founded by
149 Years
Building on a heritage of success
50 million
customers in over 50 countries7
PRU
Stock symbol traded on the
40K+
Employees & sales associates worldwide7
$4T
Gross life insurance in force worldwide7
AA-
Equivalent
Financial strength ratings8
Key Milestones
Growing Our Market-Leading Businesses9
|
|
International Businesses |
PGIM |
|||||
|
+67% |
Retirement |
+20% |
Retirement Sales |
|
Retirement Assets |
||
|
Strategies Sales |
in |
Under Management |
|||||
|
+13% |
|
+27% |
Brazil Sales |
+35% |
Private Alternatives |
||
|
Sales |
Capital Deployment |
||||||
|
+7% |
Individual Life |
||||||
|
Sales |
|||||||
Maintaining Disciplined Capital Deployment
- Investing in market-leading business to support growth
- Returned over
$700 million to shareholders in 2Q2411
Supported by Our Rock Solid® Balance Sheet
- Capital supports AA financial strength rating as of
June 30, 2024 12 - Highly liquid assets of
$4.4 billion 13 - High-quality,well diversified investment portfolio
- Disciplined Asset Liability Management
7As of
8Except as otherwise noted, financial strength ratings are for
9Growth in sales based on year-to-date 2024 versus year-to-date 2023. Growth in private alternatives capital deployment based on 2Q24 versus 2Q23. Assets under management as of
10Includes retirement income, endowment, savings variable life, single-payment market value adjusted investment contracts, single-payment whole life products, and annuity products.
11Capital returned to shareholders in the first quarter of
12Includes approximately
13Parent company highly liquid assets predominantly include cash, short-term investments,
Q2 PRUDENTIAL FINANCIAL FACT SHEET Updated
Continued Commitment to Long-Term Sustainability
The following actions underscore our commitment to fulfilling our company's purpose of solving the financial challenges of our changing world.
donated by
>50% of non-employee Directors are diverse15
69% emissions reduced since our 2017 baseline year for the facilities in our emissions reduction target16
Awards and Rankings
Fortune® World's Most Admired CompaniesTM 2024 "Insurance: Life and Health" category17
Fortune 500® list of America's largest corporations19
Largest life insurer in
2nd-largestseller of individual life insurance in
The material in this document is prepared as a summary of certain public disclosures for ease of reference. 14First grant in 1978.
15As of
16Refer to the 2023 Sustainability Report (page 50) for specifics on our in-scope facilities and how our Scope 1 & 2 data were calculated.
17In a survey conducted from
18As of
19As of
20As of
21According to LIMRA as of 4Q23,
1012233-00028-00
Attachments
Disclaimer
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