Prudential Financial

Prudential Financial Declares Quarterly Dividend on Common Stock

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星期二, 五月 7, 2024
Banking, Asset Management, Professional Services, Finance, PRU, Insurance, Common stock, Prudential Financial

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of 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.

Key Points: 
  • Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of 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.
  • Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2024, has operations in the United States, Asia, Europe, and Latin America.
  • Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security.
  • Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years.

Empower Achieves Record Quarterly Earnings of $211M for Q1 2024 Representing 29% Year-over-Year Growth

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星期四, 五月 2, 2024
Personal Finance, Finance, Professional Services, Asset Management, Human Resources, MassMutual, Great-West Lifeco, Hospital, Franklin Templeton Investments, TSX, Prudential, Prudential Financial, Acquisition, Face, AUA, Wealth, Taft–Hartley Act, Separate account, Marketing, Growth, Bank

Empower is announcing record first-quarter earnings achieved as of March 31, 2024, through business growth and sales momentum in its Workplace Solutions and Personal Wealth units.

Key Points: 
  • Empower is announcing record first-quarter earnings achieved as of March 31, 2024, through business growth and sales momentum in its Workplace Solutions and Personal Wealth units.
  • Empower released results as part of a broader quarterly announcement by its parent company, Winnipeg-based Great-West Lifeco (TSX: GWO-CA).
  • The company achieved base earnings of US $211 million, an increase of $48 million, or 29%, compared to the first quarter of 2023.
  • A comprehensive integration program moving retirement plans from the Prudential recordkeeping system to Empower launched in early 2023 and completed in the second quarter of 2024.

THE WOMEN PRESIDENTS ORGANIZATION TO UNITE HUNDREDS OF WOMEN ENTREPRENEURS AT THE 2024 ENTREPRENEURIAL EXCELLENCE FORUM

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星期四, 五月 2, 2024
The Broadmoor, JPMorgan Chase, Woman, Good to Great, EEF, Prudential, WPO, Prudential Financial, Entrepreneurship, Women's health

COLORADO SPRINGS, Colo., May 2, 2024 /PRNewswire/ -- The Women Presidents Organization (WPO) Entrepreneurial Excellence Forum (EEF), the premier gathering of women entrepreneurs who lead multi-million-dollar businesses, will be held on May 15-17, 2024, at The Broadmoor in Colorado Springs. This three-day forum will gather over 700 distinguished women business leaders for a transformative experience brimming with invaluable connections, insightful guidance from industry experts, and cutting-edge perspectives essential for navigating the dynamic global business landscape.

Key Points: 
  • COLORADO SPRINGS, Colo., May 2, 2024 /PRNewswire/ -- The Women Presidents Organization (WPO) Entrepreneurial Excellence Forum (EEF), the premier gathering of women entrepreneurs who lead multi-million-dollar businesses, will be held on May 15-17, 2024, at The Broadmoor in Colorado Springs.
  • This three-day forum will gather over 700 distinguished women business leaders for a transformative experience brimming with invaluable connections, insightful guidance from industry experts, and cutting-edge perspectives essential for navigating the dynamic global business landscape.
  • "The Entrepreneurial Excellence Forum brings together successful women entrepreneurs and business leaders from across the globe for three days of meaningful connection and collaboration," said Camille Burns, CEO of the Women Presidents Organization.
  • "This year's forum in Colorado Springs presents a unique chance for inspiration and promises to be our most influential forum yet."

Prudential Financial, Inc. Announces First Quarter 2024 Results

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星期二, 四月 30, 2024
Asset Management, Professional Services, Insurance, Finance, Corporation, Table, PRU, Term, Common, Policy, PGIM, Life, Growth, Prudential Financial, Loss, GAAP, Long-term care, Disability, Assurance

Net income attributable to Prudential Financial, Inc. was $1.138 billion ($3.12 per Common share) for the first quarter of 2024, compared to $1.462 billion ($3.93 per Common share) for the first quarter of 2023.

Key Points: 
  • Net income attributable to Prudential Financial, Inc. was $1.138 billion ($3.12 per Common share) for the first quarter of 2024, compared to $1.462 billion ($3.93 per Common share) for the first quarter of 2023.
  • PGIM, the Company’s global investment management business, reported adjusted operating income of $169 million for the first quarter of 2024, compared to $151 million in the year-ago quarter.
  • Businesses reported adjusted operating income of $839 million for the first quarter of 2024, compared to $760 million in the year-ago quarter.
  • Reported adjusted operating income of $441 million in the current quarter, compared to $396 million in the year-ago quarter.

EXL announces speakers for AI in Action event

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星期四, 四月 11, 2024
Humana, Consumer, EDT, Hope, Bias, Travel, AI, Health, Insurance, Acceleration, Scale, Jaitly, Prudential Financial, Senior, Public utility, Microsoft, Privacy, EXL, Business, Analytics, Organization, Growth, Liberty Mutual

The event will explore how businesses are making a real impact using data and AI to reinvent business models and unlock growth.

Key Points: 
  • The event will explore how businesses are making a real impact using data and AI to reinvent business models and unlock growth.
  • The full agenda for the event includes:
    Welcome and opening remarks: EXL's Vishal Chhibbar , will kick off the event with a preview of the agenda and introduce an exciting line-up of speakers from EXL as well as client and partner organizations.
  • He’ll be joined by Guy Adami , an original member of CNBC’s Fast Money, to discuss the real-world impact of AI on business.
  • Starting at 11:35 a.m. EDT, EXL will offer breakout sessions with demonstrations of generative AI solutions for specific industry use cases:
    Transforming customer experience for Retail, Travel, Utilities and more
    For more information about the event, including the registration, full agenda and list of speakers, please visit the event website here .

Jennison Associates grows EMEA business with senior hires

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星期四, 四月 11, 2024
Asset Management, Professional Services, Finance, PRU, PGIM, Research, Corr, McEvoy, Knowledge, Schroders, Prudential Financial, Scottish Widows Investment Partnership, Multimedia, BlackRock, Investment, Financial services

Jennison Associates, the fundamental active equity and fixed income manager of PGIM, the US$1.3 trillion1 global asset management business of Prudential Financial, Inc. ( NYSE: PRU ), has added experienced hires to its client portfolio management and institutional business development teams in London.

Key Points: 
  • Jennison Associates, the fundamental active equity and fixed income manager of PGIM, the US$1.3 trillion1 global asset management business of Prudential Financial, Inc. ( NYSE: PRU ), has added experienced hires to its client portfolio management and institutional business development teams in London.
  • View the full release here: https://www.businesswire.com/news/home/20240411493309/en/
    Nick Samuels, managing director and client portfolio manager, EMEA, and Stephen Corr, CFA® managing director, business development, EMEA, both joined Jennison on April 1, 2024.
  • Samuels supports Jennison’s client relationships across Europe, the Middle East and Africa (EMEA).
  • “Over the last few years, Jennison has been dedicated to strengthening our investment capabilities and client service as the business focuses on global growth,” said McEvoy.

Prudential Financial empowers young changemakers with $15,000 each at Emerging Visionaries Summit

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星期四, 四月 25, 2024
Crypto, Education, Organization, Today, Woman, Spectrum, Economics, School, Mentorship, Partnership, Entrepreneurship, Learning, Prudential, Employment, Curriculum, STEM, Intelligence, Family, Prudential Financial, NBC, Financial Health Network, Poverty, Child, All, Special, Student, Online shopping

NEWARK, N.J., April 25, 2024 /PRNewswire/ -- Twenty-five outstanding young people were honored this week by the Prudential Emerging Visionaries program for their initiatives to address pressing financial and societal issues. 

Key Points: 
  • NEWARK, N.J., April 25, 2024 /PRNewswire/ -- Twenty-five outstanding young people were honored this week by the Prudential Emerging Visionaries program for their initiatives to address pressing financial and societal issues.
  • Presented by Prudential Financial in partnership with the social entrepreneurship network Ashoka and with advisory support from the Financial Health Network, the Emerging Visionaries program honors young people ages 14-18 from the United States and internationally.
  • Each of the 25 national winners, named in February, earned a $5,000 award and an all-expenses-paid trip to this week's Emerging Visionaries Summit.
  • For additional photos and b-roll footage: https://shared-assets.adobe.com/link/7aa98458-2b6e-45fd-7f6b-a868c9020775
    To learn more about Prudential Emerging Visionaries and all 25 national winners, visit prudential.com/emergingvisionaries .

Equinix and PGIM Real Estate Enter Into $600 Million JV for First xScale® Data Center in the U.S.

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星期一, 四月 15, 2024
EQIX, Internet, Ecosystem, PGIM, Prudential Financial, Silicon, XScale, Growth

SV12x is located at Equinix's Great Oaks data center campus in San Jose, California alongside four existing Equinix International Business ExchangeTM (IBX®) data centers.

Key Points: 
  • SV12x is located at Equinix's Great Oaks data center campus in San Jose, California alongside four existing Equinix International Business ExchangeTM (IBX®) data centers.
  • Under the terms of the agreement, PGIM Real Estate will control an 80% equity interest in the joint venture, and Equinix will own the remaining 20% equity interest.
  • PGIM Real Estate has been investing in the data center sector since 2013.
  • This latest joint venture agreement with Equinix marks the first investment made through PGIM Real Estate's dedicated global data center strategy, managed on behalf of third-party clients, to invest exclusively in hyperscale facilities located across internet gateway markets in the U.S., Europe, and Asia-Pacific.

EXL hosts virtual data and AI event

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星期四, 三月 28, 2024
EXL, Insurance, Health, Organization, Research, Prudential Financial, AI

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics, digital operations, and solutions company, announced its upcoming data and AI virtual event, AI in Action, scheduled for April 24 from 10:00 a.m. to 12:00 p.m.

Key Points: 
  • NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics, digital operations, and solutions company, announced its upcoming data and AI virtual event, AI in Action, scheduled for April 24 from 10:00 a.m. to 12:00 p.m.
  • The event promises to be an immersive experience, bringing together clients, prospects, and industry experts to explore the transformative power of data and AI at scale.
  • “We are excited to host this innovative event, where industry leaders, experts, and stakeholders will come together to delve into the limitless possibilities of data and AI,” said Kapoor.
  • Among firms that have implemented AI for limited functions, 74% say data silos have been a barrier to enterprise-wide implementation.

Prudential Financial introduces new workplace insurance benefits that help support mental health and growing families

Retrieved on: 
星期四, 四月 4, 2024
Professional Services, Mental Health, Health, Insurance, Health Insurance, Human Resources, Finance, PRU, Substance abuse, Infertility, Prudential Financial, Prudential, Mental health, Prenatal care, Hospice and palliative medicine, Anxiety, DSM-IV codes, Hospital, Multimedia, Family, Group insurance, Health insurance

Prudential Financial, Inc. ( NYSE: PRU ) has introduced new voluntary workplace insurance offerings that help support family building and mental health, including benefits that cover fertility procedures, extended hospital stays, screenings for substance use, and severe mental illness.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) has introduced new voluntary workplace insurance offerings that help support family building and mental health, including benefits that cover fertility procedures, extended hospital stays, screenings for substance use, and severe mental illness.
  • View the full release here: https://www.businesswire.com/news/home/20240404432800/en/
    Jess Gillespie, Head of Product and Underwriting, Prudential Group Insurance (Photo: Business Wire)
    Voluntary or supplemental insurance refers to optional, employee-paid benefits that can help pay for out-of-pocket medical expenses not covered by health insurance, such as co-pays, co-insurance and deductibles.
  • As part of Prudential Group Insurance’s expanded suite of Critical Illness and Hospital Indemnity insurance, the new mental health benefits include screenings for anxiety, mood disorders and substance abuse — as well as coverage for the most diagnosed mental health conditions and severe mental illness.
  • “Employees turn to their employers for benefits that can help them during key life events,” said Gillespie.