Articles from Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU) today announced that the Board of Directors has appointed Andrew Sullivan as its next CEO, effective March 31, 2025. Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey. Lowrey will remain as Executive Chairman of the Board for 18 months, working with the Board and supporting and advising Sullivan.

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for December 2024, and January and February 2025. The distribution amounts and schedule for each fund appears below:

Prudential Financial, Inc. (NYSE: PRU) announced the appointment of Jacques Chappuis as president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025.

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.30 per share of Common Stock, payable on December 12, 2024, to shareholders of record at the close of business on November 19, 2024.

Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $448 million ($1.24 per Common share) for the third quarter of 2024, compared to a net loss of $802 million ($2.23 per Common share) for the third quarter of 2023. After-tax adjusted operating income was $1.260 billion ($3.48 per Common share) for the third quarter of 2024, compared to $1.332 billion ($3.62 per Common share) for the third quarter of 2023.

PGIM Multi-Asset Solutions (PMA) has appointed Mao Dong as co-head of Portfolio Management.

Prudential Financial, Inc. (NYSE: PRU) will release its third quarter 2024 earnings on Wednesday, October 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

PGIM,1 the $1.33 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), and iJoin, a leading retirement plan technology innovator, have announced that the PGIM RetireWell™ Managed Accounts — a highly personalized offering — will soon be available to the growing list of iJoin-enabled recordkeepers through its Managed Account Program (MAP) marketplace. This integration leverages the power of the PGIM RetireWell™ Advice Engine in combination with iJoin’s goals-based user experience, portfolio allocation technology, and a plan advisor’s investment lineup to enable a more holistic retirement planning journey for plan participants.

Prudential Financial, Inc. (NYSE: PRU) has introduced a Stop Loss Insurance product aimed at helping protect companies with self-funded employee medical plans against catastrophic medical claim payouts.

A new survey from PGIM, the $1.33 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU),* finds that amid trade tensions between the U.S., Europe and China, major elections in over 70 countries this year, military conflicts, and structural changes in the global economy, more than half of top institutional investors (56%) say the threat level to their investments from geopolitical risk is their top concern. Even so, one-third plan a shift to higher-risk investments in 2025.

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2024. The distribution amounts and schedule for each fund appears below:

The Prudential Insurance Company of America has been selected in an industry-first multiemployer plan pension risk transfer (PRT), to fulfill retirement benefit promises for the Sound Retirement Trust, a Seattle-based joint labor-management board of trustees that provides grocery workers of contributing employers with retirement benefits.

Prudential Group Insurance has enhanced its well-being program with the launch of a digitally accessible hub, offering a new access point to solutions and strategic partnerships that are aligned with the company’s Life, Absence and Disability products.

Prudential Financial, Inc. (NYSE: PRU) announced today an agreement to reinsure a portion of its guaranteed universal life block with Wilton Re, resulting in approximately $350 million of expected proceeds, post-closing.

Prudential Financial, Inc., has launched Prudential Momentum IUL℠, a new indexed universal life product issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey (in NY) that provides the financial resiliency in growth and protection that customers need to withstand changing life events.

Prudential Financial, Inc. (NYSE: PRU) will participate in the 2024 KBW Insurance Conference on Wednesday, September 4, 2024. On that day at approximately 10:50 a.m. ET, Charles Lowrey, chairman and CEO, will participate in an analyst-led fireside chat.

Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.30 per share of Common Stock, payable on September 12, 2024, to shareholders of record at the close of business on August 20, 2024.

Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net income attributable to Prudential Financial, Inc. was $1.198 billion ($3.28 per Common share) for the second quarter of 2024, compared to $511 million ($1.38 per Common share) for the second quarter of 2023. After-tax adjusted operating income was $1.234 billion ($3.39 per Common share) for the second quarter of 2024, compared to $1.142 billion ($3.09 per Common share) for the second quarter of 2023.

Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2024 earnings on Thursday, August 1, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.

Prudential Financial, Inc. (NYSE: PRU) today published its 13th consecutive annual Sustainability Report, providing a comprehensive overview of the company’s efforts to deliver on its purpose and create sustainable value for the customers, clients, shareholders, employees and communities it serves.

Prudential Financial, Inc. (NYSE: PRU) announced today that Carmine Di Sibio has been elected to the Board of Directors as an independent director, effective July 1, 2024. He will serve on the Board’s Audit Committee.

As a record number of Americans reach the traditional 65-year retirement age in 2024, a younger demographic of critically underprepared pre-retirees begins a 10-year countdown to protect retirement outcomes, according to Prudential Financial, Inc.’s 2024 Pulse of the American Retiree Survey.

Prudential Financial, Inc. (NYSE: PRU) will participate in the Morgan Stanley 2024 U.S. Financials Conference on Wednesday, June 12, 2024. On that day at approximately 1:45 p.m. ET, Rob Falzon, vice chairman, will participate in an analyst-led fireside chat.

Prudential Financial, Inc. (NYSE: PRU) announced today that Andrew Yorks will join the company as head of Global Investment Strategy, effective July 15. Yorks will report to Tim Schmidt, senior vice president and chief investment officer.

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.