Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. The company offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its general account. It also provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee and membership benefits plans, as well as sells accidental death and dismemberment, and other supplemental health solutions; and provides plan administration services in connection with its insurance coverages. In addition, the company develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States. Further, it provides third-party life, health, Medicare, property and casualty, and term life products to retail shoppers through its digital and independent agent channels. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Prudential Financial, Inc.

Prudential provides insurance, investment, and retirement solutions to individuals and businesses.

Prudential

PGIM Ireland

Prudential Seguros S.A.

PGIM

Prudential Financial (NYSE:PRU) was founded on the belief that financial security should be within reach for everyone, and for over 140 years, we have helped our customers reach their potential and tackle life's challenges for now and future generations to come. Today, we are one of the world’s largest financial services institutions, offering individual and institutional clients a wide array of financial products and services. With operations in the United States, Asia, Europe and Latin America, we are known for delivering on our promises to our customers, and are recognized as a trusted brand and one of the world’s most admired companies. We also have one of the most recognized and trusted brand symbols: The Rock®, an icon of strength, stability, expertise and innovation.  We measure our long-term success on our ability to deliver value for shareholders, meet customer needs, and attract and develop the best talent in our industry. We offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work. (Pru.us/disclaimer)

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Prudential Financial

🏀 It was a great day for all who took part in our Rutgers University Youth Basketball Clinic! 🏀  
 
These young athletes had an incredible time learning new skills, making friends, and having a blast on the court with members of the Rutgers men’s and women’s basketball team.
 
We’re proud to return as the presenting partner of Rutgers Basketball. Looking forward to a great season. #futurestars #community #TheKnighthood  Rutgers University  Rutgers University - Newark

Life stages as we know them will be radically redefined for younger generations. Gen Z is expected to live to be 100. How can we support the younger generation today to help ensure they live a better life longer?  
https://on.pru/3yy0PdE

Prudential is proud to sponsor the 2024 ALPFA Convention & Expo in Las Vegas! If you are attending the convention, we look forward to networking with you and discussing how we can support you in your career journey.
At Prudential and PGIM, you can.

#Prudential #PGIM #atprudentialyoucan #atpgimyoucan

Prudential Financial, Inc. Prudential is an equal opportunity employer (veterans/disability). EEO is the law.

Interested in interning for a company that is purpose-driven and focused on igniting change? This summer, our return interns shared one word to describe what excited them the most about returning with us. Search our internships today at https://on.pru/4dayGZp

Today we reported our second quarter 2024 results. Learn more: 

https://lnkd.in/esUEYnkk

 

Alt: Q2 Highlights, Prudential Financial, updated August 2024

Key Financials

$3.39 after-tax adjusted earnings per share (see note 1)

$1.2 billion after-tax adjusted operating income (see note 1)

$1.2 billion net income

$1.5 trillion assets under management (see note 2)

$98.42 adjusted book value per share (see note 1)

$4.4 billion highly liquid assets

 

Note 1: This metric is not calculated based on accounting principles accepted in the U.S. (GAAP). For additional information about these non-GAAP measures and the comparable GAAP measures, including reconciliation between the comparable measures, please visit our website at https://lnkd.in/ePyaHaGj.

Note 2: As of June 30, 2024.

30% of people who are 65 today will live until at least 90. Retirees today are living longer than ever before. It’s never too early to start protecting your life’s work. https://lnkd.in/ehzDEdu6

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
asset turnover	0.08 -	0.08 3.02%	0.07 0.58%	0.07 4.31%	0.08 7.71%	0.06 17.38%	0.05 17.03%	0.07 23.64%	0.09 32.89%	0.08 13.54%
cash per share	616.64 -	727.61 17.99%	821.28 12.87%	876.39 6.71%	899.13 2.59%	1.02K 13.44%	1.10K 7.60%	1.01K 7.77%	839.28 17.09%	937.40 11.69%
company equity multiplier	16.98 -	18.08 6.49%	17.09 5.46%	15.39 9.99%	16.77 8.96%	14.21 15.27%	13.95 1.78%	15.15 8.60%	42.46 180.19%	25.92 38.95%
days of inventory outstanding
days of payables outstanding
days of sales outstanding									25.61 -	190.02 641.85%
dividend yield	0.02 -	0.03 23.48%	0.03 5.23%	0.03 9.23%	0.04 69.20%	0.04 3.17%	0.06 32.16%	0.04 24.27%	0.05 9.01%	0.05 3.79%
ebit per revenue	0.03 -	0.10 279.42%	0.08 24.82%	0.13 77.70%	0.10 25.02%	0.03 67.37%	-0.05 247.65%	0.10 317.54%	-0.02 116.94%	-0.00 87.98%
ebt per ebit	1.23 -	1.36 10.26%	1.29 5.08%	0.81 36.99%	0.77 5.83%	2.72 254.76%	0.13 95.06%	1.46 983.44%	1.66 14.28%	-26.48 1,692.54%
effective tax rate	0.20 -	0.27 34.42%	0.23 12.26%	-0.22 194.73%	0.17 176.71%	0.19 9.52%	0.25 34.66%	0.18 28.84%	0.21 16.75%	0.20 4.22%
enterprise value multiple	15.06 -	5.29 64.84%	7.07 33.64%	6.86 3.02%	6.10 11.06%	18.65 205.63%	-19.58 205.00%	7.31 137.35%	-44.83 712.96%	-337.53 652.96%
fixed asset turnover										134.32 -
free cash flow per share	31.42 -	31.08 1.10%	30.19 2.87%	26.08 13.59%	51.88 98.88%	39.08 24.66%	20.92 46.47%	27.24 30.22%	13.32 51.10%	17.91 34.44%
gross profit margin	1 -	1 0%	1 0%	1 0%	1 0%	1 0%	1 0%	1 0%	1 0%	1 0%
interest coverage	1.09 -	4.39 302.41%	3.36 23.40%	6.03 79.49%	4.46 26.02%	1.21 72.77%	-1.53 226.08%	4.37 385.53%	-0.67 115.37%	-0.07 90.23%
inventory turnover
long term debt to capitalization	0.39 -	0.40 4.20%	0.31 24.22%	0.26 15.96%	0.27 6.60%	0.24 12.39%	0.23 4.56%	0.23 2.17%	0.56 137.32%	0.42 24.67%
net income per ebt	0.79 -	0.73 7.50%	0.77 5.43%	1.21 58.31%	0.84 30.47%	0.82 2.32%	0.75 8.99%	0.82 9.90%	0.79 3.85%	0.81 2.30%
net profit margin	0.03 -	0.10 286.99%	0.07 24.77%	0.13 77.27%	0.06 50.90%	0.07 13.07%	-0.00 106.64%	0.13 2,690.17%	-0.02 118.61%	0.05 295.82%
operating cash flow per share	42.46 -	31.08 26.80%	34.40 10.69%	31.49 8.47%	51.88 64.76%	48.48 6.55%	21.14 56.39%	25.34 19.86%	13.32 47.43%	17.91 34.44%
operating profit margin	0.03 -	0.10 279.42%	0.08 24.82%	0.13 77.70%	0.10 25.02%	0.03 67.37%	-0.05 247.65%	0.10 317.54%	-0.02 116.94%	-0.00 87.98%
payables turnover
pretax profit margin	0.03 -	0.14 318.37%	0.10 28.64%	0.11 11.97%	0.08 29.39%	0.09 15.76%	-0.01 107.30%	0.15 2,456.93%	-0.03 119.36%	0.06 291.41%
price fair value	1.01 -	0.87 13.83%	0.97 12.17%	0.91 6.84%	0.70 22.86%	0.60 14.17%	0.46 23.77%	0.68 47.80%	2.37 249.89%	1.36 42.82%
receivables turnover									14.25 -	1.92 86.52%
return on assets	0.00 -	0.01 275.30%	0.01 25.20%	0.01 69.64%	0.00 47.12%	0.00 6.59%	-0.00 105.51%	0.01 3,302.42%	-0.00 124.74%	0.00 269.30%
return on capital employed	-0.15 -	0.09 160.39%	0.07 25.41%	0.11 58.59%	0.09 14.06%	0.00 97.78%	-0.00 222.36%	0.01 368.91%	-0.00 122.66%	-0.00 89.68%
return on equity	0.03 -	0.13 299.68%	0.10 29.29%	0.15 52.69%	0.08 42.38%	0.07 20.85%	-0.00 105.41%	0.12 3,577.97%	-0.09 169.31%	0.09 203.36%
total debt to capitalization	0.40 -	0.41 2.68%	0.32 23.25%	0.27 14.71%	0.30 10.63%	0.26 14.12%	0.24 7.83%	0.24 1.56%	0.56 134.46%	0.43 24.05%

COM:PRUDENTIAL

Prudential

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22/11 21:00

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