Prudential Financial, Inc. reports developments across its insurance, retirement and investment-management businesses. The company is a global financial services issuer with operations in the United States, Asia, Europe and Latin America, and its businesses include Retirement, Group Insurance, Individual Life, U.S. Legacy Products, International Businesses and PGIM.
Recurring news includes quarterly results, segment performance, PGIM leadership and strategic-partnership updates, Prudential Advisors recruiting, retirement-income and employee-benefits research, and shareholder communications such as responses to unsolicited mini-tender offers. Company updates also cover Prudential of Japan sales-conduct, governance and agency operating-model matters, along with group insurance products including life, disability, leave administration and ancillary coverage for institutional clients.
Prudential Financial (NYSE: PRU) announced Andrew Yorks as the new head of Global Investment Strategy, effective July 15. Yorks will develop investment plans, asset-liability management strategies, and assess new investment opportunities for Prudential's general account. He will also monitor portfolio risks and act as the key liaison with PGIM asset management units. Yorks is currently the chief investment officer at Resolution Life U.S., previously holding senior roles at Lincoln Financial Group, BlackRock, and Alliance Capital.
Prudential Financial, Inc. (NYSE: PRU) declared a quarterly dividend of $1.30 per share of Common Stock, payable on June 13, 2024, to shareholders of record at the close of business on May 21, 2024. The company, with approximately $1.5 trillion in assets under management as of March 31, 2024, is a global financial services leader operating in the United States, Asia, Europe, and Latin America.
Prudential Financial, Inc. reported a decrease in net income and adjusted operating income for the first quarter of 2024 compared to the year-ago quarter. The company's book value per Common share and assets under management increased, while capital returned to shareholders also rose. The positive momentum across businesses, strong net flows in PGIM, and sales growth in U.S. and International Businesses were highlighted by the Chairman and CEO. Prudential aims to become a global leader in providing access to investing, insurance, and retirement security.
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