February 12, 2018

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

NEWARK, N.J., Feb. 12, 2018 – PGIM Real Estate Finance originated $14.8 billion in financing in 2017 led by production in multifamily and industrial lending. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 12, 2018

Is this the bottom? Market eyes inflation, possible forced selling, and earnings data

Following a harrowing week in global markets, the ability of the market to defend its 200-day moving average and close in the green on a Friday were net positives for the investor psyche, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

February 09, 2018

PGIM Real Estate sells Rock Square in Guangzhou, China

HONG KONG, Feb. 9, 2018 – PGIM Real Estate has sold Rock Square, a shopping mall in Guangzhou, China, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 07, 2018

Prudential Financial, Inc. Announces 2017 Results

NEWARK, N.J., February 07, 2018 - Prudential Financial, Inc. (NYSE:PRU) today reported year end and fourth quarter results. Net income attributable to Prudential Financial, Inc., was $7.863 billion ($17.86 per Common share) for the year ended December 31, 2017, compared to $4.368 billion ($9.71 per Common share) for the year ended December 31, 2016. After-tax adjusted operating income was $4.652 billion ($10.58 per Common share) for 2017, compared to $4.107 billion ($9.13 per Common share) for 2016.

February 06, 2018

Top youth volunteers of 2018 honored nationwide

WASHINGTON, D.C., Feb 6, 2018 – Many are fighting hunger in their local communities. Some created programs that encourage young women to consider STEM careers. Others are leading initiatives to support people with physical or intellectual disabilities. Those are just some stories of the 102 youth volunteers – two from each state and the District of Columbia – who today were named State Honorees by The Prudential Spirit of Community Awards...

February 05, 2018

Prudential Financial and Scottish Widows reach first longevity reinsurance agreement

NEWARK, N.J., February 05, 2018 - The Prudential Insurance Company of America (PICA) a Prudential Financial, Inc. company (NYSE:PRU), and Scottish Widows Limited, a subsidiary of Lloyds Banking Group plc, agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows.

February 05, 2018

Quincy Krosby: Markets Start Week in the Red After Hourly Wages, Treasury Yields Rise

Good news for Main Street was bad news for Wall Street on Friday as average hourly earnings surprised to the upside, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. Treasury yields climbed higher, igniting fears that the Federal Reserve would be forced to raise rates at a quicker pace.

 

February 02, 2018

93-year-old Prudential policy belongs to a 94-year-old Renaissance man

A letter from the son of a 94-year-old insured soon revealed a story of a mother’s love and a 140-year-old purpose. Bruce Jacobs, an Empire, Michigan resident, and his sister, Carol, found an original one-page life insurance policy while cleaning out the attic at the home of their father, Ralph.

February 01, 2018

Prudential Financial, Inc. to Participate in Bank of America Merrill Lynch 2018 Insurance Conference; Live Audio Webcast Available

NEWARK, N.J.--(BUSINESS WIRE)--Feb. 1, 2018-- Prudential Financial, Inc. (NYSE:PRU) will participate in the Bank of America Merrill Lynch 2018 Insurance Conference in New York on Wednesday, February 14, 2018. On that day at approximately 1:10 p.m. (ET) Mark Grier, Prudential Financial, Inc.'s Vice Chairman, will discuss the company's businesses and strategies. Interested parties may listen to the presentation through a live audio webcast on Prudential Financial's Investor Relations website at www.investor.prudential.com. Please log on at least fifteen minutes early, to register and download and install any necessary softw...
January 29, 2018

Fixed indexed annuity expands Prudential’s commitment to growing and protecting wealth

NEWARK, N.J.--()--Prudential Annuities, the domestic annuity business of Prudential Financial, Inc. (NYSE:PRU), has launched the PruSecure Fixed Indexed Annuity. This is a single-premium, long-term protection solution that earns interest based on stock market performance and/or a fixed rate, with zero exposure to market downturns.