February 25, 2019

PGIM Real Estate completes $12 billion in 2018 transactions worldwide

PGIM Real Estate completed approximately $12 billion in transactions worldwide in 2018 on behalf of institutional and high net worth investors, including investments in real estate equity and debt, and property dispositions.

February 20, 2019

Prudential Capital Group appoints Debra Hemsey to Prudential Capital Energy Partners

Prudential Capital Group has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners (PCEP), the middle-market energy mezzanine fund business sponsored by Prudential Capital Group. The appointment comes on the heels of the recently announced closing of Prudential Capital Energy Partners I, L.P., a $343 million energy mezzanine fund. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

February 12, 2019

How the government shutdown affected the finances of federal workers

Researchers have warned for years that many Americans lack the emergency savings to cover even a relatively brief disruption of their income. Few events have provided a clearer real-world test of that assessment than the recent 35-day partial government shutdown.

February 11, 2019

PGIM Real Estate Finance provides $18.1 billion in financing in 2018

PGIM Real Estate Finance originated a record $18.1 billion in financing in 2018 led by record production in multifamily and core-plus lending.

February 06, 2019

Prudential Financial, Inc. Announces 2018 Results

NEWARK, N.J., February 06, 2019 - Prudential Financial, Inc. (NYSE:PRU) today reported year-end and fourth quarter 2018 results. Net income attributable to Prudential Financial, Inc., was $4.074 billion ($9.50 per Common share) for the year ended December 31, 2018, compared to $7.863 billion ($17.86 per Common share) for the year ended December 31, 2017. After-tax adjusted operating income was $5.019 billion ($11.69 per Common share) for 2018, compared to $4.652 billion ($10.58 per Common share) for 2017.

February 05, 2019

Top youth volunteers of 2019 honored nationwide

WASHINGTON, D.C. – They’re supporting people with disabilities, kids experiencing homelessness and communities affected by Hurricane Harvey. A few have made it their mission to focus attention on teen mental health. Others are raising money and awareness to help children with cancer. 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.

January 31, 2019

Prudential partners with military, veterans’ nonprofits on financial wellness

More than half of millennial military veterans say they are very worried about their financial futures. When it comes to those veterans—many who served in Iraq and Afghanistan post-9/11—only a fifth say they have all they need or are on track to keep up with current expenses, according to Prudential’s Financial Wellness Census™.

January 30, 2019

Prudential names Jon Cressman head of IBD and bank and wire distribution

NEWARK, N.J., January 30, 2019 - Prudential Financial, Inc. (NYSE: PRU) is consolidating its annuities sales and distribution leadership of banks, wirehouses and independent broker-dealers under one unit to increase efficiency across sales channels.

January 30, 2019

QMA’s 2019 outlook & review: Are we there yet?

In QMA’s 2019 Outlook & Review, QMA’s Ed Campbell and the global multi-asset solutions team take on the daunting task of peering 12 months into the future. Will 2019 bring a return to more placid and pleasant times, or are treacherous markets likely to remain as the calendar turns?

January 29, 2019

Lockheed Martin transfers $1.8 billion in pension obligations to Prudential Retirement

NEWARK, N.J., January 29, 2019 - Lockheed Martin Corporation (NYSE: LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). Approximately 32,000 of Lockheed Martin’s retirees will receive their monthly pension benefit payments from Prudential as part of this buy-out agreement.