Prudential Financial Inc. (NYSE: PRU)
Insurance - Life ยท Newark, NJ, United States ยท Founded 1875
- Market capitalization: $40.0 billion
- Annual revenue: $60.77 billion
- Net income: $3.58 billion
- Employees: 40,000
- Sector: Financial Services
- Headquarters: Newark, United States
- Founded: 1875
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Prudential Financial is a diversified financial services company providing insurance, retirement solutions, investment management, and other financial products globally. The company operates PGIM, one of the world's largest investment managers with over $1.3 trillion in AUM. Prudential's international insurance operations span Japan, Brazil, and other high-growth markets. Note: this is the US-based Prudential, distinct from the UK's Prudential plc.
Prudential earns revenue from insurance premiums, investment management fees through PGIM, retirement product fees, and investment income on its general account. PGIM provides high-margin, capital-light fee income that diversifies away from insurance underwriting risk.
John Fairfield Dryden founded Prudential in 1875 in Newark, New Jersey, initially selling industrial life insurance to working-class Americans. The company demutualized and went public in 2001. Prudential's acquisition of the retirement business of Hartford Financial in 2013 and the international expansion of PGIM have been key strategic moves.
| Market Capitalization | $40.0B |
| Annual Revenue | $60.77B |
| Net Income | $3.58B |
| Profit Margin | 6% |
| Revenue per Employee | $1519250K |
| Stock Exchange | NYSE |
| Ticker Symbol | PRU |
Financial data is approximate and based on most recent annual filings.
Prudential's Rock of Gibraltar logo, adopted in 1896, is one of the oldest and most recognized corporate symbols in America. PGIM's fixed-income operation is one of the largest in the world, managing more bond assets than many sovereign wealth funds.
Prudential is undergoing a strategic transformation to become a higher-growth, less capital-intensive business by expanding PGIM and international insurance while reducing legacy US insurance exposure. The direction is right, but the market wants to see faster execution.
What is Prudential Financial Inc.'s revenue?
Prudential Financial Inc. generates approximately $60.77 billion in annual revenue.
How many employees does Prudential Financial Inc. have?
Prudential Financial Inc. employs approximately 40,000 people worldwide.
What is Prudential Financial Inc.'s market cap?
Prudential Financial Inc. (PRU) has a market capitalization of approximately $40.0 billion on the NYSE.
When was Prudential Financial Inc. founded?
Prudential Financial Inc. was founded in 1875 and is headquartered in Newark, NJ, United States.
Who is the CEO of Prudential Financial Inc.?
Charles Lowrey is the current CEO of Prudential Financial Inc..
What is Prudential Financial Inc.'s website?
Prudential Financial Inc.'s official website is prudential.com.
| CEO | Charles Lowrey |
| Sector | Financial Services |
| Industry | Insurance - Life |
| Founded | 1875 |
| HQ | Newark, NJ |
| Country | United States |
| Website | prudential.com |
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