Prudential Financial

Arizona youth honored as Prudential Emerging Visionary

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星期二, 二月 13, 2024
Spirit, Student, Education, Prudential, Volunteering, Life, Financial Health Network, Health, Climate change, SDG, Sustainable Development Goals, Prudential Financial, Employment, Ashoka, Tourism

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Prisha Shroff, 17, of Chandler, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Prisha Shroff, 17, of Chandler, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Prisha will receive a $5,000 award to help take her innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

Prudential Financial introduces its next class of Emerging Visionaries

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星期二, 二月 13, 2024
Crypto, Falls Church, Virginia, Engineering, Hearing, Architecture, Artificial intelligence, Education, Curriculum, Climate change, Stigma, Ashoka, Student, Entrepreneurship, Ethics, Photography, Literacy, Sustainable Development Goals, Scoliosis, Environment, Spirit, Woman, Mental health, STEM, ACE, Life, Financial Health Network, Carbon, Mentorship, Mental, Prudential Financial, Refugee, Narrative therapy, Compost, Learning, Prudential, Volunteering, Hearing loss, School, Employment, Toy

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Twenty-five young leaders from across the U.S. have been honored by Prudential Financial today as the latest class of Prudential Emerging Visionaries.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Twenty-five young leaders from across the U.S. have been honored by Prudential Financial today as the latest class of Prudential Emerging Visionaries.
  • Prudential Emerging Visionaries honors exceptional students ages 14-18 who have created innovative, bold solutions to financial and societal challenges in their communities.
  • Prudential Emerging Visionaries is sponsored by Prudential in collaboration with Ashoka, a leading organization in the social impact sector, with advisory support provided by the Financial Health Network, an authority on financial health and a longtime partner of The Prudential Foundation.
  • For more information about Prudential Emerging Visionaries and to learn more about their stories, visit prudential.com/emergingvisionaries .

Best Life Insurance Plans for Diabetics - Our Top Picks for 2024

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星期一, 二月 12, 2024
A1C, Database, Lincoln National Corporation, Legal & General, History, ICC, Diagnosis, Diabetes, American Diabetes Association, Insulin, Pancreas, Mutual, CDC, Immune system, Anxiety, Woman, AEGON, Corebridge Financial, Prediabetes, Life expectancy, Insulin resistance, John Hancock Financial, Research, Insurance, SBLI, Roger Hawkins (drummer), MD, Prudential Financial, Cell, EKG, Policy, Privacy, Pharmaceutical industry

Continued Bland, "Our 50-insurer database is continually updated, which makes it a valuable resource for diabetics who are searching for the best buys in life insurance."

Key Points: 
  • Continued Bland, "Our 50-insurer database is continually updated, which makes it a valuable resource for diabetics who are searching for the best buys in life insurance."
  • Instant life insurance quotes for both type 1 and type 2 diabetics are available at www.lifequotes.com .
  • Life insurance policies described, quoted, shown and illustrated throughout this press release may not be available in all states.
  • Pacific Life Insurance Company of Newport Beach, CA, policy form P16LYT or ICC 16 P16LYT.

Prudential Announces Group Insurance Leadership Transition

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星期三, 二月 7, 2024
Finance, Banking, Professional Services, Other Professional Services, Insurance, Cigna, Prudential, Prudential Financial, Literature, Retirement, Jan Vansina, Marshall College, Marketing, MBA, PRU, DePaul University, Drexel University, Group insurance, University, Franklin & Marshall College, Management

Prudential Financial, Inc. ( NYSE: PRU ) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO.
  • Previously, Estep led the group product and voluntary practice at the Guardian Life Insurance Company.
  • Jess Gillespie will succeed Estep as head of product for Group Insurance.
  • Over her more than 20-year career at Prudential, Gillespie has held leadership positions spanning strategic partnerships, national accounts, and distribution.

Prudential assumes $4.9 billion in pension obligations for 21,500 Shell U.S. retirees

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星期三, 二月 7, 2024
Professional Services, Other Professional Services, Data Analytics, Insurance, Finance, Asset Management, Consulting, IBM, Multimedia, PFI, Retirement, Shell, Prudential Financial, General Motors, PRU, HP Inc., Organization

Prudential Financial, Inc. (PFI) ( NYSE: PRU ) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees.

Key Points: 
  • Prudential Financial, Inc. (PFI) ( NYSE: PRU ) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees.
  • View the full release here: https://www.businesswire.com/news/home/20240207782372/en/
    Alexandra Hyten, Head of Institutional Retirement Strategies, Prudential (Photo: Business Wire)
    As a result of this transaction, PFI, through its subsidiary The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning May 15, 2024.
  • “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of Institutional Retirement Strategies at Prudential.
  • Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and Verizon in 2012.

Prudential Announces Chief Financial Officer Transition

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星期二, 二月 6, 2024
Professional Services, Insurance, Finance, Transfer, Prudential Financial, CFO, Financial management, Tanji, Certified Public Accountant, Retirement, MBA, PRU, Investment, Group insurance, Rutgers University, American Institute, Organization, Management

Prudential Financial, Inc. ( NYSE: PRU ) announced today that Yanela Frias, president of Group Insurance, has been appointed executive vice president and CFO, effective March 15, 2024, succeeding Ken Tanji.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that Yanela Frias, president of Group Insurance, has been appointed executive vice president and CFO, effective March 15, 2024, succeeding Ken Tanji.
  • Frias will join the executive leadership team as an executive officer and report to Robert Falzon, vice chair of Prudential.
  • Tanji will remain with the company through Sept. 30, 2024, to ensure a smooth transition.
  • On behalf of the Board of Directors and management team, I want to thank him for his 35 years of distinguished service and his many contributions and commitment to Prudential,” said Charles Lowrey, chairman and CEO of Prudential Financial.

Prudential Financial, Inc. Announces 2023 Results(1)

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星期二, 二月 6, 2024
Asset Management, Professional Services, Insurance, Finance, Assurance, Policy, Growth, Prudential Financial, Table, GAAP, Term, Longevity, Corporation, PGIM, PRU, Bank, Common

Net income attributable to Prudential Financial, Inc. was $2.488 billion ($6.74 per Common share) for 2023, compared to net loss of $1.647 billion ($4.49 per Common share) for 2022.

Key Points: 
  • Net income attributable to Prudential Financial, Inc. was $2.488 billion ($6.74 per Common share) for 2023, compared to net loss of $1.647 billion ($4.49 per Common share) for 2022.
  • After-tax adjusted operating income was $4.286 billion ($11.62 per Common share) for 2023, compared to $3.914 billion ($10.31 per Common share) for 2022.
  • PGIM, the Company’s global investment management business, reported adjusted operating income of $172 million for the fourth quarter of 2023, compared to $230 million in the year-ago quarter.
  • Businesses reported adjusted operating income of $988 million for the fourth quarter of 2023, compared to $710 million in the year-ago quarter.

Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors

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星期二, 二月 6, 2024
Oil, Gas, Energy, Coal mining, Lehman Brothers, Consol Energy, University, Prudential Financial, MGY, EQT, Executive, State university system, Audit committee, FBR, Natural gas, CFA, Noble Energy

Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.

Key Points: 
  • Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.
  • Mr. Khani will serve as a member of the Audit Committee.
  • “We are very honored to welcome Dave to our Board of Directors,” said Dan Smith, Chairman of the Board.
  • Mr. Khani spent the first 18 years of his career at various investment banking and capital market firms, including FBR & Co., Prudential Financial, Inc., and Lehman Brothers, Inc. Mr. Khani holds a B.A.

Retirement Confidence for American Workers Has Been Low Since 2022, According to New PGIM RetireWell™ Confidence Index

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星期一, 二月 5, 2024
Personal Finance, Finance, Professional Services, Other Professional Services, Human Resources, Multimedia, Prudential, Prudential Financial, Research, Retirement, Investment, PRU, Thought, Cryptocurrency

PGIM, 1 the $1.2 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), finds that retirement and financial confidence have lingered at “below average” levels since the second quarter of 2022, according to the firm’s new PGIM RetireWell™ Confidence Index .

Key Points: 
  • PGIM, 1 the $1.2 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), finds that retirement and financial confidence have lingered at “below average” levels since the second quarter of 2022, according to the firm’s new PGIM RetireWell™ Confidence Index .
  • View the full release here: https://www.businesswire.com/news/home/20240205887895/en/
    PGIM RetireWell Confidence Index: Using the Prudential financial wellness assessment, the current question used to estimate financial confidence asks respondents, “Overall, how are you feeling about your finances?” while the retirement confidence question asks, “Do you think you’ll have enough savings for the retirement you want?” The PGIM RetireWell Confidence Index is the average of the financial confidence score and the retirement confidence score.
  • Alarmingly, individuals between 45 and 59 years of age, those approaching retirement, had the lowest average retirement confidence score (37) among age groups.
  • Michael Miller, head of PGIM DC Solutions, added, “We see the PGIM RetireWell Confidence Index as a value-add for employers who want a better understanding of how American workers are thinking and feeling about retirement and their finances in general.

LPL Financial Announces Fourth Quarter and Full Year 2023 Results

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星期四, 二月 1, 2024
EPS, Prudential, SAN, LPLA, Growth, CFO, Prudential Financial, Dream, Organic, Business operations, Total

Prior to large enterprises, recruited assets for the year were $67 billion, up 49% from a year ago.

Key Points: 
  • Prior to large enterprises, recruited assets for the year were $67 billion, up 49% from a year ago.
  • This compares with $319 million, or $3.95 per share, in the fourth quarter of 2022 and $224 million, or $2.91 per share, in the prior quarter.
  • As a result of their successes, we delivered solid business and financial results, while increasing our market share.
  • The Company will hold a conference call to discuss its results at 5:00 p.m.