PRUDENTIAL FINANCIAL ( PRU )

Prudential weighs sale of India asset manager

PRU

M&A

PGIM Inc., Prudential Financial’s investment-management arm, has engaged Ernst & Young to advise on a potential divestment of its India asset management unit, PGIM India Asset Management, acquired from Deutsche Bank in 2015.
The unit manages approximately ₹266 billion (about $3 billion) in assets but has experienced little growth and after-tax losses exceeding ₹235 million in the fiscal year ended March 2025.
A leadership change in July 2025 has not reversed the downturn, prompting Prudential to reevaluate the business amid intense competition in India’s mutual-fund market.
Prudential Financial’s global assets under management total roughly $1.5 trillion, underscoring the India unit’s relatively small scale.

8 days ago

Bloomberg

Prudential Financial realigns senior leadership structure

PRU

Management Change

Prudential Financial has realigned its senior leadership to streamline operations and sharpen focus on key growth markets, with all major business heads now reporting directly to CEO Andrew Sullivan.
Phil Waldeck, head of Multi-Asset and Quantitative Solutions at PGIM, will become Executive Vice President and Head of U.S. Businesses effective February 2, 2026.
David Legher (Emerging Markets), Brad Hearn (Japan Group), and Jacques Chappuis (PGIM) will also report directly to CEO Sullivan under the new structure.
Caroline Feeney, EVP and Global Head of Retirement and Insurance, will depart as her role is eliminated, remaining through February 2, 2026.

Dec 22, 2025, 1:31 PM

Prudential Financial realigns senior leadership

PRU

Management Change

Prudential Financial will have its U.S. businesses, Emerging Markets, Japan Group and PGIM leaders report directly to CEO Andrew Sullivan to streamline operations and sharpen growth focus.
Phil Waldeck is appointed Executive Vice President, head of U.S. Businesses, effective February 2, 2026.
David Legher, Japan Group President Brad Hearn, and PGIM President Jacques Chappuis will also report directly to Sullivan under the new structure.
Caroline Feeney, global head of Retirement and Insurance, will depart the company as part of the realignment.

Dec 18, 2025, 1:40 PM

Prudential Advisors accelerates momentum with new advisors and LPL partnership

PRU

Hiring

New Projects/Investments

Prudential Advisors has added experienced financial advisors managing nearly $3 billion in client assets, boosting advisor headcount by nearly 9% to over 3,000 through October 31, 2025.
The firm entered a strategic partnership with LPL Financial to expand investment and wealth management options by combining Prudential’s brand and support with LPL’s technology and infrastructure.
With strong year-to-date growth and a flexible affiliation model for advisors, Prudential Advisors expects to sustain its positive trajectory into year-end and beyond.

Nov 19, 2025, 11:00 AM

Prudential Financial reports Q3 2025 profit rise

PRU

Earnings

$1.52 billion adjusted operating income and $4.26 EPS in Q3 2025, marking a 16.39% beat versus the $3.66 consensus
Asia-driven growth led by Hong Kong and mainland China, with PGIM’s AUM at $1.61 trillion and Q3 operating income of $244 million
Shares, down 15% year-to-date, jumped 2.8% in after-hours trading post-earnings
Reinforcing agency forces and focusing on health and protection products, alongside plans for an IPO of ICICI Prudential Asset Management in India

Oct 30, 2025, 3:40 AM

Bloomberg

Prudential Financial announces Q3 2025 results

PRU

Earnings

Dividends

Share Buyback

Prudential Financial reported net income attributable to the company of $1.431 billion ($4.01 per share) for Q3 2025, up from $448 million ($1.24 per share) in Q3 2024.
After-tax adjusted operating income rose to $1.521 billion ($4.26 per share) versus $1.208 billion ($3.33 per share) in the year-ago quarter.
Book value per share increased to $90.69 (adjusted book value $99.25) compared with $84.47 (adjusted $98.71) a year earlier.
Assets under management climbed to $1.612 trillion, up from $1.558 trillion in Q3 2024.
Returned $731 million to shareholders—$481 million in dividends and $250 million in share repurchases—with a dividend yield on adjusted book value exceeding 5%.

Oct 29, 2025, 8:21 PM

Prudential Financial announces Q3 2025 results

PRU

Earnings

Dividends

Share Buyback

Reported net income of $1.431 billion, or $4.01 per share, versus $448 million ($1.24 per share) in Q3 2024
Achieved after-tax adjusted operating income of $1.521 billion ($4.26 per share), up from $1.208 billion ($3.33 per share) a year ago
Ended the quarter with $1.612 trillion assets under management, up from $1.558 trillion, and book value per share of $90.69 (adjusted book value per share of $99.25)
Returned $731 million to shareholders (including $250 million in buybacks and $481 million in dividends of $1.35 per share, yielding over 5% on adjusted book value)

Oct 29, 2025, 8:18 PM

Prudential Financial exits Peak Re stake as KKR and Quadrantis invest

PRU

New Projects/Investments

Prudential Financial has divested its ~13.07% minority stake in Peak Re following definitive agreements with KKR and Quadrantis Capital.
Funds managed by KKR and Quadrantis Capital will acquire approximately 11.27% and 1.80% stakes respectively in Peak Re, with Fosun International retaining ~86.71%.
The investments are expected to close in Q4 2025, subject to regulatory approvals.

Oct 21, 2025, 1:05 AM

Prudential Financial discloses preliminary Q3 2025 segment results

PRU

Earnings

Guidance Update

As of September 30, 2025, PGIM’s assets under management totaled $1.47 trillion.
For the quarter ended September 30, 2025, PGIM’s other related revenues (net of expenses) were approximately $65 million on an adjusted operating income basis.
The General Account’s alternative investment income was estimated to be $70 million to $90 million above near-term expectations in Q3 2025.
All figures are preliminary, unaudited and subject to change upon completion of financial closing procedures.

Oct 14, 2025, 8:22 PM

Earnings Transcripts

Quarterly earnings call transcripts for PRUDENTIAL FINANCIAL.

Q1 2025

May 1, 2025

Q4 2024

Feb 5, 2025

Q3 2024

Oct 31, 2024

Q2 2024

Aug 2, 2024

Q1 2024

May 1, 2024

Q4 2023

Feb 7, 2024

Q3 2023

Nov 2, 2023

Q1 2023

Sep 13, 2023