$PRU (Prudential Financial, Inc.)

$PRU {{ '2016-08-04T15:30:24+0000' | timeago}} • Webcast

$PRU stated that its asset management earnings were $207MM for 2Q16, compared to $196MM a year ago. The increase was mainly driven by a $9MM greater contribution from other related revenues, reflecting more favorable strategic investment results and higher real estate transaction fees.

$PRU {{ '2017-11-15T21:03:21+0000' | timeago}} • Infographic

$PRU Prudential Financial, Inc. Earnings AlphaGraphic: Q3 2017

$PRU {{ '2017-11-15T11:52:59+0000' | timeago}} • Announcement

$PRU declared a quarterly dividend of $0.75 per share of common stock, payable on Dec. 14, 2017, to shareholders of record at the close of business on Nov. 27, 2017.

$PRU {{ '2017-08-09T14:48:00+0000' | timeago}} • Announcement

$PRU has declared a quarterly dividend of $0.75 per share of common stock, payable on Sept 14, 2017, to shareholders of record as on Aug 22, 2017.

$PRU {{ '2017-05-09T21:02:12+0000' | timeago}} • Announcement

$PRU BoD declared a quarterly dividend of $0.75 per share of Common Stock, payable on June 15, 2017, to shareholders of record at the close of business on May 23, 2017.

$PRU {{ '2017-05-04T16:28:14+0000' | timeago}} • Webcast

$PRU said its Japan business is well-capitalized and this is evident in the existing solvency margin ratio and in its internal economic ratios. The company does not expects its capital redeployment in Japan to be affected in any way by the evolution of the solvency margin regime in Japan and does not intend to change its distribution targets.

$PRU {{ '2017-05-04T15:58:46+0000' | timeago}} • Webcast

$PRU said POJ Prudential sales were up about 41% in 1Q17. This was partly due to the accelerated sale in front of the standard discount rate change and partly due to product mix. There is also a shift to US dollar product. Dollar product sales were up 50% while Japanese yen product sales were up only 38%.

$PRU {{ '2017-05-03T21:36:32+0000' | timeago}} • Announcement

During 1Q17, $PRU acquired 2.9MM shares of its common stock for $312.5MM, for an average price of $108.23 per share. From the commencement of repurchases in July 2011, through March 31, 2017, $PRU has acquired 93MM shares of its common stock at a total cost of $6.7Bil, for an average price of $72.15 per share.

$PRU {{ '2017-05-03T21:33:03+0000' | timeago}} • Announcement

$PRU said International Insurance constant dollar basis sales were up 8% to $825MM in 1Q17, reflecting increases in sales in Japan and other key markets. Retirement account values stood at $395.5Bil at March 31, up 6% from a year earlier.

$PRU {{ '2017-05-03T21:28:08+0000' | timeago}} • Announcement

Insurance company $PRU posted a net income of  $1.369Bil, or $3.09 per share for 1Q17, higher than $1.336Bil, or $2.93 per share it posted in the year-ago period. After-tax adjusted operating income was up at $2.79 per share.

$PRU {{ '2017-02-09T17:35:21+0000' | timeago}} • Webcast

$PRU doesn't anticipate a meaningful impact on capital levels or solvency margins in Japan because of the discount rate reduction. The company has already discontinued all of its Japanese Yen single premium whole life offerings. Going forward, there might be some repricing of products in Japan, the company said.

$PRU {{ '2017-02-09T16:49:35+0000' | timeago}} • Webcast

$PRU returned over $900MM of capital to shareholders in 4Q16 through dividends and share repurchases. For 2017, the Board has authorized $1.25Bil of share repurchases. With regards to the low interest rates, the company said that it is not immune to the multi-year impact of low interest rates in its two primary markets; the US and Japan.

$PRU {{ '2017-02-09T16:45:15+0000' | timeago}} • Webcast

$PRU said that its corporate expenses were higher than it anticipated in 2016. This was due to higher long-term and deferred compensation expenses related to stronger-than-expected equity returns, higher legal costs and losses on a tax advantage investment.

$PRU {{ '2017-02-08T21:51:41+0000' | timeago}} • Announcement

In 4Q16, $PRU’s Individual Annuities gross sales were $1.7Bil, including $1.1Bil without retained exposure to equity market related living benefit guarantees, reflecting risk diversification strategies. Retirement gross deposits and sales were $8.9Bil. US Individual Life sales were $183MM, up 2% from 4Q15.

$PRU {{ '2017-02-08T21:46:39+0000' | timeago}} • Announcement

$PRU declared a quarterly dividend of $0.75 per share of common stock, payable on March 16, 2017, to shareholders of record as of February 22, 2017, representing an increase of 7% over the prior year dividend level.

$PRU {{ '2017-02-08T21:44:24+0000' | timeago}} • Announcement

Financial services company $PRU reported a decrease in 4Q16 earnings. Net income was $284MM or $0.65 per share versus $735MM or $1.60 per share for 4Q15. The 4Q16 net income includes $824MM of pretax net realized investment losses and related charges and adjustments.

$PRU {{ '2016-11-08T14:32:50+0000' | timeago}} • Announcement

$PRU declared a quarterly dividend of $0.70 per share of common stock, payable on December 15, 2016, to shareholders of record at the close of business on November 22, 2016.

$PRU {{ '2016-11-03T18:01:19+0000' | timeago}} • Webcast

$PRU said that the $125-175MM range of expense levels in 4Q16 is the trend that was there in the year ago quarter and the company expects it to continue in 2016. On funding status, $PRU said the low rate environment did lower the funding status in the aggregate and added that it is seeing some level of acceptance of lower rates for longer periods.

$PRU {{ '2016-11-03T17:50:30+0000' | timeago}} • Webcast

$PRU stated that its asset management earnings rose $11MM in 3Q16, driven by higher asset management fees. Individual life earnings on the other hand declined $72MM YoverY to $111MM, which was impacted by a negative fluctuation in claims experience.

$PRU {{ '2016-11-03T17:44:57+0000' | timeago}} • Webcast

At 3Q16-end, $PRU's cash and liquid assets amounted to $3.5Bil, declining $500MM sequentially, while financial and total leverage ratios at quarter-end was within targets. $PRU stated that it expects to move the evaluation of its dividend level to 1Q17, to better align with the capital planning cycle.

$PRU {{ '2016-11-03T17:38:19+0000' | timeago}} • Webcast

$PRU's earnings and margins in its individual annuities business performed well in 3Q16, though the company saw some sales pressure in the quarter. The company expects individual annuities to represent a strong source of earnings and cash flows going forward, having lower volatility and more transparency.

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