Welcome to our dedicated page for Prudential Finl news (Ticker: PRU), a resource for investors and traders seeking the latest updates and insights on Prudential Finl stock.
Prudential Financial (NYSE: PRU) is a global leader in insurance, retirement planning, and asset management services with operations spanning 40+ markets. This dedicated news hub provides investors and stakeholders with comprehensive access to the company's official communications and market developments.
Track all essential updates through curated press releases and third-party analysis covering earnings announcements, product innovations, leadership changes, and regulatory filings. Our aggregation ensures efficient monitoring of PRU's diversified operations across life insurance, annuities, PGIM investments, and international expansion strategies.
Key content categories include quarterly financial results, strategic partnerships, dividend declarations, and ESG initiatives. The chronological organization allows users to analyze trends in PRU's U.S. retirement solutions growth, Asian market penetration, and institutional investment management performance.
Bookmark this page for streamlined access to Prudential's evolving business landscape. Combine our news feed with SEC filings and earnings call transcripts available on Stock Titan for complete due diligence.
AM Best has placed Prudential Retirement Insurance and Annuity Company's (PRIAC) Financial Strength Rating of A+ and Long-Term Issuer Credit Rating of 'aa-' under review with positive implications. This follows the announcement of Empower Retirement's acquisition of Prudential's full-service retirement business, including PRIAC, which manages over 4,300 plans and $314 billion in assets for approximately 4 million participants. The positive outlook is based on the expected financial strength from Great-West Lifeco Inc., Empower's parent company. The transaction is projected to close in Q1 2022.
Empower Retirement and Prudential Financial have announced a definitive agreement for Empower to acquire Prudential’s full-service retirement business for $3.55 billion, pending regulatory approvals. This acquisition is expected to enhance Empower's capabilities and product portfolio, supporting over 4,300 workplace savings plans with approximately 4 million participants and $314 billion in assets. Empower aims to improve retirement services and participant experiences, expanding to 16.6 million participants with approximately $1.4 trillion in recordkeeping assets post-acquisition.
Prudential Financial, Inc. (NYSE: PRU) will announce its second quarter 2021 earnings on August 3, 2021, after market closure. Following this, a conference call is scheduled for August 4, 2021, at 11:00 a.m. ET for discussions on the earnings results with analysts and investors. Prudential has over $1.5 trillion in assets under management across various regions, emphasizing its role in the financial wellness sector. The earnings release and related materials will be available on the company’s Investor Relations website.
Prudential Financial, Inc. (NYSE: PRU) has successfully completed the sale of Prudential of Taiwan to Taishin Financial Holding Co., following a thorough regulatory review. This transaction involves the divestiture of 100% of Prudential's life insurance operations in Taiwan, as per an agreement made on August 11, 2020. Prudential Financial continues to uphold its position as a leader in financial wellness, managing over $1.5 trillion in assets globally.
Prudential Financial Inc. (NYSE: PRU) has launched FlexGuard® Income, an indexed variable annuity designed to provide customers with investment strategies for growth and income enhancement in retirement. This new product builds on the success of the original FlexGuard, which achieved over $3.5 billion in sales within its first year. FlexGuard Income offers customizable investment strategies and a buffered income benefit linked to market performance, ensuring protected income for life if account values reach zero.
Prudential Financial, Inc. (NYSE: PRU) has declared a quarterly dividend of $1.15 per share, to be paid on June 17, 2021. Shareholders must be on record by the close of business on May 25, 2021 to qualify. As of March 31, 2021, Prudential manages over $1.5 trillion in assets and operates across the U.S., Asia, Europe, and Latin America. The company aims to enhance financial wellness worldwide through its diverse workforce and commitment to financial opportunity.
Prudential Financial, Inc. (NYSE: PRU) reported a strong performance for the first quarter of 2021, achieving a net income of $2.828 billion or $6.98 per share. This marks a significant recovery from a net loss of $271 million or $(0.70) per share in the same quarter of 2020. The company also reported an after-tax adjusted operating income of $1.665 billion ($4.11 per share), up from $897 million ($2.22 per share) year-over-year. These results indicate improved profitability and operational performance compared to the prior year.
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