Third Quarter 2024 Company Fact Sheet
Key Financials1
Year-to-dateafter-tax adjusted earnings per share
Q3
FACT SHEET
Updated
Q3 Selected Business Metrics1(YoY reflects 3Q24 vs. 3Q23)
|
PGIM4| AOI of |
14% |
|||||||||||||
|
Assets Under |
Asset Management Fees |
|||||||||||||
|
Trailing twelve months |
40% |
22% |
21% |
12% 5% |
||||||||||
|
Management |
||||||||||||||
|
|
||||||||||||||
|
Public Fixed Income |
Real Estate |
Private Credit & |
||||||||||||
|
15% |
||||||||||||||
|
Public Equity |
Multi-Asset Class |
Other Alternatives |
||||||||||||
After-tax adjusted operating income
|
RETIREMENT STRATEGIES |
AOI of |
3% |
|
|
||
2%
Net income
Assets under management
Institutional
Retirement
Strategies
Year-to-date sales
84%
Individual
Retirement
Strategies
Sales
86%
Group
Insurance
Year-to-date sales5
3%
Individual
Life
Sales5
13%
Adjusted book value per share2
Highly liquid assets3
|
International Businesses | |
AOI of |
-6% |
||||||||||
|
Sales6 |
Sales - Currency Mix |
|||||||||||
|
Trailing twelve months |
60% |
24% |
14% |
|||||||||
|
|
||||||||||||
|
2% |
||||||||||||
|
25% |
||||||||||||
|
USD |
JPY |
BRL |
Other |
|||||||||
¹Results as of
2Adjusted book value is calculated as total equity (GAAP book value) excluding accumulated other comprehensive income (loss), the cumulative change in fair value of funds withheld embedded derivatives, 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
Q3 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
Becoming a Higher Growth,
ADDRESSING THE GLOBAL RETIREMENT OPPORTUNITY
- Expanding leadership in Retirement Strategies, launching new products in
Japan , and leveraging PGIM's capabilities
GROWING OUR MARKET-LEADING BUSINESSES
• Broadening products and distribution
International
- Benefiting from strong multi-channel distribution
PGIM
• Supporting the growth of our businesses and increasing private alternatives capital deployment
INCREASING CAPITAL FLEXIBILITY
- Announced second Guaranteed Universal Life reinsurance transaction of
~$11 billion , with estimated proceeds of~$350 million
Maintaining Disciplined Capital Deployment
- Investing in market-leading business to support growth
- Returned over
$700 million to shareholders in 3Q249
Supported by Our Rock Solid® Balance Sheet
- Capital supports AA financial strength rating as of
September 30, 2024 - Highly liquid assets of
$4.3 billion 10 - High-quality,well diversified investment portfolio
- Disciplined Asset Liability Management
7As of
8Except as otherwise noted, financial strength ratings are for
9Capital returned to shareholders in the third quarter of
10Parent company highly liquid assets predominantly include cash, short-term investments,
Q3 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
88% of non-employee Directors are diverse12
69% emissions reduced since our 2017 baseline year for the facilities in our emissions reduction target14
Awards and Rankings
Fortune® World's Most Admired CompaniesTM 2024 "Insurance: Life and Health" category15
Fortune 500® list of America's largest corporations17
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. 11First grant in 1978.
12As of
13As of
14Refer to the 2023 Sustainability Report (page 50) for specifics on our in-scope facilities and how our Scope 1 & 2 data were calculated.
15In a survey conducted from
16As of
17As of
18As of
19According to LIMRA as of 4Q23,
1012233-00029-00
Attachments
Disclaimer


Oscar Health Announces New Health Insurance Options in Ohio in 2025
Viable third party
Advisor News
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- Obamacare dealt yet another blow as premiums rise again
- CONSUMER ADVISORY: OPEN ENROLLMENT STARTS NOV. 1: COMPARE OPTIONS AND FIND OUT HOW TO SAVE
- GOVERNOR SPANBERGER CELEBRATES COURT RULING PROTECTING HEALTHCARE COVERAGE FOR VIRGINIANS WITH SERIOUS ILLNESSES
- Kenai renews employee health coverage despite $792K jump in costs
- Healthcare navigator: More people are dropping insurance or choosing higher-deductible plans
More Health/Employee Benefits NewsLife Insurance News