August 15, 2018

Prudential Retirement is Rockland County’s new deferred compensation plan provider, to oversee $313 million in new retirement assets

NEWARK, N.J., August 15, 2018 - Deferred Compensation Plan officials for Rockland County, New York, have selected Prudential Retirement as their new record keeper. Prudential Retirement, among the industry’s largest recordkeepers and a leading provider of retirement solutions, is a business unit of Prudential Financial, Inc. (NYSE:PRU).

August 14, 2018

PGIM Real Estate Finance provides $8.1 billion in financing in first half of 2018

NEWARK, N.J., August 14, 2018 - PGIM Real Estate Finance originated $8.1 billion in commercial mortgage financing in the first half of 2018, propelled by strong production in industrial and multifamily 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).

August 13, 2018

Six baby registry ‘must-haves’ for financial security

Congratulations, you’re going to be a parent! Time to create your baby registry. Babyletto or Sniglar? Vista, Yoyo or Bugaboo? The Boppy, Baby Bjorn or Keekaroo? You’ve chosen the right crib, stroller and accessories for your baby, but what comes next? For many parents-to-be, the most essential baby gift may be one that lasts beyond childhood—a gift to support a family’s financial well-being.

August 08, 2018

Prudential, Aviva reach first longevity reinsurance agreement as U.K. pension de-risking market surges

NEWARK, N.J., August 08, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), and Aviva Life and Pensions U.K. Ltd. have struck their first longevity reinsurance transaction, establishing a new reinsurance partnership between these two market leaders.

August 07, 2018

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J., August 07, 2018 - Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.90 per share of Common Stock, payable on September 13, 2018, to shareholders of record at the close of business on August 21, 2018.

August 07, 2018

Will U.S. employees benefit from tax law? Finance executives say yes

More than seven months after the passage of the Tax Cuts and Jobs Act, many Americans are wondering if corporations will use their newfound capital to offer workers higher wages, enhanced benefits, and additional job opportunities. According to a new survey of senior finance executives, that’s exactly what many companies have in mind.

August 01, 2018

Prudential Financial, Inc. Announces Second Quarter 2018 Results

NEWARK, N.J., August 01, 2018 - Prudential Financial, Inc. today reported second quarter results. Net income attributable to Prudential Financial, Inc., was $197 million ($0.46 per Common share) for the second quarter of 2018, compared to $491 million ($1.12 per Common share) for the second quarter of 2017. After-tax adjusted operating income was $1,298 million ($3.01 per Common share) for the second quarter of 2018, compared to $919 million ($2.09 per Common share) for the second quarter of 2017.

July 27, 2018

PGIM Fixed Income Q3 2018 Market Outlook: Of Flowers and Flesh Wounds

After a half year of ongoing global uncertainty, investors continue to find varied—and perhaps mixed—metaphors to explain the evolving fixed income landscape, according to this edition of PGIM Fixed Income’s Quarterly Outlook.

July 26, 2018

Prudential and Raytheon reach agreement on $923 million pension risk transfer

NEWARK, N.J., July 26, 2018 - Raytheon (NYSE: RTN) will reduce its pension obligations by $923 million by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). The agreement transfers the responsibility for paying certain pension benefits to approximately 13,000 U.S. retirees, as well as their beneficiaries, from Raytheon’s previously discontinued operations.

July 26, 2018

PGIM Investments designated as an Edward Jones Strategic Product Partner

NEWARK, N.J., July 26, 2018 - PGIM Investments has strengthened its relationship with financial services firm Edward Jones, joining the firm’s select group of Strategic Product Partners. PGIM Investments is the global manufacturer and fund distributor of PGIM Inc., the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).