February 18, 2020

Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019

NEWARK, N.J., February 18, 2020 - The Prudential Insurance Company of America (PICA), a business unit of Prudential Financial, Inc. (NYSE: PRU), and a recognized leader in the global pension de-risking market, has announced the closing of its seventh and eighth strategic longevity reinsurance transactions with Rothesay Life Plc, reinsuring a combined $6 billion of pension liabilities associated with two bulk annuity transactions completed in the second half of 2019.

February 13, 2020

Prudential combats national debt crisis through new financial wellness offering

NEWARK, N.J., February 13, 2020 - Recognizing the negative impact of household debt on long-term financial security and retirement readiness, Prudential (NYSE:PRU) is partnering with national nonprofit GreenPath Financial Wellness to introduce debt management advice and tools to its growing suite of workplace financial wellness solutions.

February 11, 2020

Chinese, US and German businesses embark on divergent pathways in new decade: PGIM survey

NEWARK, N.J., Feb. 11, 2020 – A new PGIM survey of over 300 public and private companies in the U.S., Germany and China highlights the sharply different priorities each is employing in response to new “weightless” business models and the “profit with purpose” era.

February 11, 2020

PGIM Investments sets record AUM with $12.2B of net fund flows in 2019

NEWARK, N.J., February 11, 2020 - PGIM Investments ended 2019 with $12.2 billion in net mutual fund flows and record mutual fund assets under management of $122.5 billion. The strong flows and record AUM growth were largely driven by demand for its fixed income funds.

February 07, 2020

Where are all the women CEOs?

The key to empowering more women to rise to the CEO seat involves rethinking one-size-fits-all paths to leadership and concerted efforts to look at leaders through a different lens, Caroline Feeney, CEO of Prudential’s Individual Solutions group, told The Wall Street Journal.

February 07, 2020

In-plan retirement income options a win-win for plan sponsors

With the passage of the SECURE Act into law in December 2019, plan sponsors should not shy away from offering in-plan retirement income options in their defined contribution plans, as growing numbers of participants are moving to retirement and need to shift focus from asset accumulation to decumulation.

February 06, 2020

PGIM Private Capital provides $13B in private debt to middle-market companies in 2019

CHICAGO, February 06, 2020 - PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. PGIM Private Capital, a leading source of private capital for public and private companies, is the private capital arm of PGIM Inc., the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

February 04, 2020

Prudential Financial, Inc. Announces 2019 Results

NEWARK, N.J., February 04, 2020 - Prudential Financial, Inc. (NYSE:PRU) today reported fourth quarter and year-end 2019 results. For the fourth quarter of 2019, net income attributable to Prudential Financial, Inc. was $1.128 billion ($2.76 per Common share), compared to $842 million ($1.99 per Common share) for the fourth quarter of 2018.

February 04, 2020

Top youth volunteers of 2020 honored nationwide

WASHINGTON, D.C. -- They're taking on food insecurity, opioid abuse and veteran homelessness. Several are leading projects to strengthen their local ecosystems. Many created new opportunities for inclusion and connection amongst their peers.

January 28, 2020

PGIM Fixed Income's new podcast series, 'All the Credit'

On the inaugural episode of "All the Credit," host and senior portfolio manager Mike Collins welcomes Mike Lillard, head of PGIM Fixed Income and chief investment officer.