Prudential Newsroom: News

Prudential Financial Annual Golf Outing To Support Youth Hockey in Newark

Thu, 02 Sep 2010 11:00:00 EST

NEWARK, N.J., September 02, 2010 - Prudential Financial, Inc. (NYSE: PRU) will use the proceeds generated from its 21st Annual Charity Golf Outing to benefit Hockey in Newark, Inc., a Newark, New Jersey-based not-for-profit organization whose mission is to introduce the City’s youth to hockey. The outing will be held on Wednesday, September 15 at the Farmstead Golf and Country Club in Lafayette, New Jersey.

Long-term sustainability takes center stage at Prudential Forum

Wed, 01 Sep 2010 09:00:00 EST

SCOTTSDALE, Ariz., September 01, 2010 - Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. (NYSE: PRU) company, highlighted the relocation industry’s major trends, opportunities and best practices during its annual Prudential Forum conference, Aug. 30-31 at the JW Marriott Desert Ridge in Phoenix.

Prudential believes managers have more control over absences than they realize

Thu, 26 Aug 2010 15:00:00 EST

NEWARK, N.J., August 26, 2010 - Kimberly Mashburn, vice president of Strategic Partnerships for Prudential’s Group Insurance business, a unit of Prudential Financial, Inc. (NYSE: PRU) discussed the critical role of managers and effective return to work strategies at the annual Disability Management Employer Coalition (DMEC) conference, August 1- 4, 2010 in San Diego, Calif.

PREI-Latin America raises more than $290 million for Mexican industrial strategy

Tue, 24 Aug 2010 16:00:00 EST

Prudential Real Estate Investors announced today that qualified investors have invested $US 293.3 million (3,695 million pesos) in PRUMEX Industrial III, a fund created to invest in industrial real estate throughout Mexico.

Prudential Foundation Board approves more than $3.5 million in grants for education, arts & civic infrastructure, and economic development initiatives

Tue, 24 Aug 2010 11:00:00 EST

NEWARK, N.J., August 24, 2010 - The Board of Trustees of The Prudential Foundation recently approved $3.575 million in grants to nonprofit organizations dedicated to quality public education, enhancing community-based economic development, and sustaining livable communities.

PREI® names David DeVos global sustainability officer

Tue, 24 Aug 2010 10:00:00 EST

Prudential Real Estate Investors has named David DeVos as its new Global Sustainability Officer, responsible for overseeing the company’s evolving strategy to reduce its worldwide environmental footprint as it serves its investors.

National Down Syndrome Society joins forces with Prudential

Mon, 16 Aug 2010 11:00:00 EST

NEWARK, N.J., August 16, 2010 - The Prudential Insurance Company of America, based in Newark, NJ, will provide members of the National Down Syndrome Society (NDSS) support in the area of financial literacy as a result of an agreement the two organizations announced today.

Prudential Bache Hires Senior Foreign Exchange Salesperson

Tue, 10 Aug 2010 11:00:00 EST

NEW YORK, August 10, 2010 - Prudential Bache, the commodities and financial derivatives subsidiary of Prudential Financial, Inc. (NYSE:PRU) today announced the appointment of Joseph P. Gelsomino as Vice President, FX Sales. A senior foreign exchange salesperson, Gelsomino will be based in New York and will report to Brian Jaspers, global head of foreign exchange.

Prudential Real Estate and Relocation Services Ranks First in Transferee Satisfaction in Nationwide Relocating Employee Survey

Tue, 10 Aug 2010 09:00:00 EST

NEWARK, N.J., August 10, 2010 - Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. (NYSE: PRU) company, ranked first among competitors in net transferee satisfaction in the 16^th annual Nationwide Relocating Employee Survey.

Prudential Financial to Host Tokyo Investor Day for Institutional Investors and Analysts

Fri, 06 Aug 2010 12:00:00 EST

NEWARK, N.J., August 06, 2010 - Prudential Financial, Inc. (NYSE:PRU) will host a conference for institutional investors and analysts in Tokyo, Japan, on Wednesday, September 15, 2010, beginning at 8:30 a.m. local time (TOK).

Prudential Financial, Inc. Announces Second Quarter 2010 Results

Wed, 04 Aug 2010 16:00:00 EST

NEWARK, N.J., August 04, 2010 - Prudential Financial, Inc. (NYSE:PRU) today reported net income of its Financial Services Businesses attributable to Prudential Financial, Inc. of $798 million ($1.70 per Common share) for the second quarter of 2010, compared to $538 million ($1.25 per Common share) for the year-ago quarter. After-tax adjusted operating income for the Financial Services Businesses was $708 million ($1.51 per Common share) for the second quarter of 2010, compared to $809 million ($1.87 per Common share) for the second quarter of 2009. Adjusted operating income is a non-GAAP measure as discussed below.

Prudential Real Estate Ranked Highest for Seller Satisfaction in J.D. Power and Associates’ 2010 Home Buyer/Seller Study

Mon, 02 Aug 2010 09:00:00 EST

IRVINE, Calif., August 02, 2010 - Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. (NYSE: PRU) company, today announced that Prudential Real Estate ranks “Highest Overall Satisfaction for Home Sellers Among National Full Service Real Estate Firms” in J.D. Power and Associates’ 2010 Home Buyer/Seller Study^SM.

Women taking greater control of their finances

Tue, 27 Jul 2010 13:00:00 EST

NEWARK, N.J., July 27, 2010 - Women are more aware, engaged and actively involved in financial matters than ever before, according to the latest in a series of studies on women’s financial behaviors conducted by Prudential Financial, Inc. (NYSE:PRU) and announced today in partnership with the Women’s Media Center and The Paley Center for Media.

Plan Sponsors honored for improving plans for employees

Tue, 20 Jul 2010 11:00:00 EST

Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has honored six plan sponsors for redesigning their defined contribution retirement programs to assist plan participants in achieving a more secure retirement.

PREI® partners with Mubadala to establish new real estate investment management joint venture in Abu Dhabi

Wed, 14 Jul 2010 06:00:00 EST

Prudential Real Estate Investors and Mubadala Development Company have agreed to form a new joint venture company that will raise capital from investors to fund and invest in real estate projects in Abu Dhabi and other global markets.

Prudential Mortgage Capital closes 13 loans totaling $168 million in the Washington, D.C., metro area

Tue, 13 Jul 2010 00:00:00 EST

NEWARK, N.J. – Prudential Mortgage Capital Company has closed 13 loans totaling $168 million using Fannie Mae’s DUS® program for a multifamily portfolio in the Washington, D.C., metro area. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Mortgage Capital closes two loans totaling $31 million in northern Virginia

Mon, 12 Jul 2010 00:00:00 EST

NEWARK, N.J. – Prudential Mortgage Capital Company has closed two loans totaling $31 million using Fannie Mae’s DUS® program for a portfolio of two properties in northern Virginia. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Gen Y takes Prudential to school on life insurance

Tue, 06 Jul 2010 10:00:00 EST

NEWARK, N.J., July 06, 2010 - “You think you know, but you have no idea,” summarizes how the average Gen Yer feels about the life insurance process according to a study released today by Prudential Individual Life Insurance, a unit of The Prudential Insurance Company of America, a subsidiary of Newark, N.J. based Prudential Financial, Inc. (NYSE:PRU).

Bache expands London FX team

Wed, 30 Jun 2010 00:00:00 EST

LONDON – Bache Commodities Limited, the London-based commodities and financial derivatives subsidiary of Prudential Financial, Inc. today announced the appointments of Jonathan Webb as head of FX Strategy and George Tsiourvas as a Vice President, FX Sales. Both will be based in London.

Prudential Financial To Announce Second Quarter 2010 Earnings; Schedules Conference Call

Tue, 29 Jun 2010 15:30:00 EST

NEWARK, N.J., June 29, 2010 - Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2010 earnings on Wednesday, August 4, 2010, after the market closes. The earnings news release and the financial supplement will be posted on the company's Investor Relations Web site at: http://www.investor.prudential.com.

NJBIZ recognizes Prudential as a “Healthcare Hero”

Tue, 29 Jun 2010 10:00:00 EST

NEWARK, N.J., June 29, 2010 - Prudential Financial, Inc. (NYSE: PRU) was honored as a finalist for the NJBIZ “Healthcare Heroes” award in the Corporate Achievement Category. The “Healthcare Heroes” awards program recognizes the efforts of individuals and organizations making a significant impact on the quality of healthcare in New Jersey.

PREI® names Eric Adler as CEO-Europe

Tue, 29 Jun 2010 09:30:00 EST

PARSIPPANY, N.J., June 29, 2010 - Prudential Real Estate Investors has hired Eric Adler as CEO-Europe, responsible for overseeing its investments and transaction capabilities throughout Western Europe and the emerging markets of Central and Eastern Europe. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

IDG’s Computerworld Names Prudential #19 on its 2010 list of Best Places to Work in Information Technology

Mon, 28 Jun 2010 11:30:00 EST

NEWARK, N.J., June 28, 2010 - For the second consecutive year, IDG’s Computerworld named Prudential Financial, Inc. (NYSE: PRU), to its list of the Best Places to Work for information technology professionals. Prudential is ranked 19 on the 2010 list.

Prudential provides special program for people with special needs

Mon, 28 Jun 2010 11:00:00 EST

NEWARK, N.J., June 28, 2010 - Lynn Tramontano knows all about the sleepless nights spent by families caring for people with special needs. Tramontano, a financial services associate licensed in Ohio and Montana with The Prudential Insurance Company of America, is dedicated to serving the special needs community. She recently worked with a family to help them plan for adequate financial resources for the future benefit of a young man totally dependent on his parents.

Prudential Mortgage Capital closes $202 million loan for Regency Centers Corporation and Global Retail Investors, LLC.

Mon, 28 Jun 2010 00:00:00 EST

NEWARK, N.J. – Prudential Mortgage Capital Company has closed a $202 million loan on behalf of its general account client for a national portfolio of 13 retail centers. The borrower is a joint venture between Regency Centers Corporation and Global Retail Investors, LLC. Global Retail Investors, LLC. is a joint venture between an affiliate of First Washington Realty and CalPERS. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

PREI® secures £150 million of discretionary funds for European real estate debt strategy

Fri, 25 Jun 2010 00:00:00 EST

PARSIPPANY, N.J.—Prudential Real Estate Investors announced today that it has secured £150 million of institutional capital (about $220 million) for its European real estate debt strategy, including capital from a pension fund serviced by APG, the leading pension fund manager in the Netherlands with more than €240 billion of assets under management. PREI® is the real estate investment and advisory business of Prudential Financial (NYSE: PRU).

The Prudential Foundation launches financial literacy initiative for Americans nearing retirement

Wed, 23 Jun 2010 11:00:00 EST

NEWARK, N.J., June 23, 2010 - The retirement question on most Americans’ minds is whether to retire now or to work a little longer to bolster their financial security – a question that is even more pressing for individuals who lack access to financial tools and resources.

Prudential receives a “Best Employer for Healthy Lifestyles” award

Wed, 16 Jun 2010 00:00:00 EST

NEWARK, N.J., June 16, 2010 - Prudential Financial, Inc. (NYSE: PRU) was honored on Monday as one of the “Best Employers for Healthy Lifestyles” by The National Business Group on Health, a nonprofit association of large employers, for its commitment and dedication to promoting a healthy workplace and encouraging employees and families to maintain healthy lifestyles.

Greece, thanks. And Estonia, welcome!

Tue, 15 Jun 2010 00:00:00 EST

It's been ugly in Europe as of late. Fiscal profligacy, a market crisis, then a massive bailout, with lamenting by both those being bailed out as well as by those doing the bailing. Is it really all so bad? Of course it is, at least for the near-to-intermediate term: those on both sides have to pay more and get by with less. Looking further out, however, there may be some important silver linings for investors. This brief paper covers the origins of the recent crisis and then looks at the potential upside for the Eurozone going forward. After all, plenty of ink has already been spilled discussing the negatives. 

Prudential partners with ICMA-RC to offer guaranteed retirement income

Mon, 14 Jun 2010 11:00:00 EST

Prudential Retirement, a business of Prudential Financial, Inc. (NYSE: PRU), and ICMA Retirement Corporation (ICMA-RC) announced today they have entered into an agreement through which ICMA-RC will make a guaranteed retirement-income solution available to more than 8,000 retirement plans, covering more than 900,000 public-sector employees.

Prudential Financial advertising campaign highlights strength and leadership

Fri, 11 Jun 2010 12:00:00 EST

NEWARK, N.J., June 11, 2010 - Prudential Financial (NYSE: PRU) is launching a new advertising campaign that highlights the company’s strength and leadership in today’s challenging financial marketplace.

MullinTBG/PLANSPONSOR Survey finds nonqualified deferred compensation plans and informal funding trending upward

Wed, 09 Jun 2010 11:00:00 EST

LOS ANGELES - Findings from the fourth annual MullinTBG-PLANSPONSOR Executive Benefits survey show employer sponsorship of nonqualified deferred compensation plans (NQDCPs) to be as strong as ever—reaching a new high of more than 91 percent—and informal funding, a popular strategy for financing plan liabilities, jumping 10 percentage points to 71.4 percent among responding companies.

Prudential Real Estate and Relocation Services appoints Barbara Lewis as SVP for Global Relocation Sales

Wed, 09 Jun 2010 09:00:00 EST

SCOTTSDALE, Ariz., June 09, 2010 - Prudential Real Estate and Relocation Services, Inc. (PRERS), a Prudential Financial, Inc. [NYSE: PRU] company, has appointed Barbara Lewis, senior vice president of Global Relocation Sales, effective immediately.

Prudential Mortgage Capital closes $175 million loan for Metropolitan Square

Tue, 25 May 2010 00:00:00 EST

NEWARK, N.J. – Prudential Mortgage Capital Company has closed a $175 million loan on behalf of its general account client for Metropolitan Square, a 602,096 square-foot office building on the corner of 15th and G Streets in the East End of Washington, D.C. The borrower, The Metropolitan Square Associates, is a joint venture managed by Boston Properties. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Mortgage Capital names John DeWitt and Marty Fayer to lead Freddie Mac Program Plus® program

Mon, 24 May 2010 11:00:00 EST

NEWARK, N.J., May 24, 2010 - Prudential Mortgage Capital Company announced today that John DeWitt and Marty Fayer have been named managing directors and will jointly lead the company’s Freddie Mac Program Plus® program. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Real Estate and Relocation Services Ranks First for Overall Client Satisfaction in Relocation Managers’ Survey

Thu, 13 May 2010 09:00:00 EST

NEWARK, N.J., May 13, 2010 - Prudential Financial, Inc.’s (NYSE:PRU) Real Estate and Relocation business ranked first among competitors in overall satisfaction in the sixth annual Relocation Managers’ Survey on International Policy and Service Providers’ Performance. The survey is designed to obtain evaluations from corporate relocation managers regarding their level of satisfaction with relocation management companies providing international mobility services, and to obtain a broad benchmark understanding of international relocation policy.

Prudential Financial, Inc. to Participate in Sanford C. Bernstein Strategic Decisions Conference; Live Webcast Available

Wed, 12 May 2010 15:00:00 EST

NEWARK, N.J., May 12, 2010 - Prudential Financial, Inc. (NYSE:PRU) will participate in Sanford C. Bernstein’s Twenty-Sixth Annual Strategic Decisions Conference at the Waldorf-Astoria Hotel in New York. On Wednesday, June 2, 2010, at approximately 8:00 a.m. (ET) John Strangfeld, Prudential Financial, Inc.’s Chairman and CEO, will discuss the company’s businesses and strategies.

Prudential Real Estate and Relocation Services Appoints Stephen Van Anden as Chief Marketing and Innovation Officer

Wed, 12 May 2010 09:00:00 EST

IRVINE, Calif., May 12, 2010 - Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. (NYSE: PRU) company, has appointed Stephen Van Anden to the position of chief marketing and innovation officer, effective immediately.

National Retirement Partners Aligns with MullinTBG to Deliver Executive Benefit Solutions

Tue, 11 May 2010 11:00:00 EST

LOS ANGELES, May 11, 2010 - MullinTBG, a Prudential Financial company and leading executive benefits firm, is teaming up with National Retirement Partners (NRP) and its network of independent retirement plan advisors to become a preferred provider of the company’s nonqualified plan initiative.

Prudential named a “Top 50 Company for Diversity”

Mon, 10 May 2010 10:15:00 EST

NEWARK, N.J., May 10, 2010 - Prudential Financial, Inc. (NYSE: PRU) was named one of the “Top 50 Companies for Diversity” by DiversityInc for the 10th consecutive year. DiversityInc recognized Prudential for its CEO commitment, human capital, corporate and organizational communications and supplier diversity. It also acknowledged Prudential for its work/life programs and corporate citizenship.

Prudential Financial Selects Winner of 2010 Hampton University Business Case Competition

Thu, 06 May 2010 11:00:00 EST

NEWARK, N.J., May 06, 2010 - Prudential Financial, Inc. (NYSE: PRU) selected the top place finisher of its 2010 Business Case Competition. Graduate and undergraduate teams in this year’s competition—held in collaboration with Hampton University’s School of Business—were asked to develop and recommend long-term strategies for a fictitious, leading variable annuity company. The top place team, Sylvester Bryce, Diane Maisonet and Brittany Henry received a $21,000 cash award. Runner-ups were awarded an Apple Macbook computer and third place team members received an Apple iPad.

First Class of Prudential Foundation Global Citizens Completes Work

Thu, 06 May 2010 10:00:00 EST

NEWARK, N.J., May 06, 2010 - Twenty-four college students from India, Japan, South Korea and Taiwan today became the first group to complete The Prudential Foundation Global Citizens program, an international exchange program that provides academic and work experience. It was launched earlier this year at The Washington Center for Internships and Academic Seminars with funding from The Prudential Foundation.

Prudential Financial, Inc. Announces First Quarter 2010 Results

Wed, 05 May 2010 16:00:00 EST

NEWARK, N.J., May 05, 2010 - Prudential Financial, Inc. (NYSE:PRU) today reported net income of its Financial Services Businesses attributable to Prudential Financial, Inc. of $536 million for the first quarter of 2010, compared to a net loss of $5 million for the year-ago quarter. Net income per Common share was $1.15 for the first quarter of 2010 and 1 cent for the year-ago quarter. After-tax adjusted operating income for the Financial Services Businesses was $699 million ($1.49 per Common share) for the first quarter of 2010, compared to $427 million ($1.03 per Common share) for the first quarter of 2009. Adjusted operating income is a non-GAAP measure as discussed below.

America’s Top Ten Youth Volunteers Named in 15th Annual Prudential Spirit of Community Awards

Mon, 03 May 2010 13:45:00 EST

WASHINGTON, May 03, 2010 - For their extraordinary efforts in serving others through volunteerism, ten middle and high school students from across the country were named America’s top ten youth volunteers for 2010 today in a ceremony at the U.S. Chamber of Commerce headquarters, capping the 15^th year of The Prudential Spirit of Community Awards.

Jewish Children’s Museum Presents Ari Halberstam Memorial Award to Prudential’s Joseph Billy Jr.

Mon, 03 May 2010 10:30:00 EST

The 2010 Ari Halberstam Memorial Award was presented to Joe Billy, a vice president in Global Security at Prudential Financial, Inc., (NYSE: PRU), by the Jewish Children’s Museum in Brooklyn, NY.

Prudential Mortgage Capital Launches New Program for Multifamily Properties

Fri, 30 Apr 2010 09:00:00 EST

NEWARK, N.J., April 30, 2010 - Prudential Mortgage Capital Company has launched the Agency Gateway program, a new short term loan program for multifamily property owners seeking to refinance or acquire properties that do not currently qualify for a Fannie Mae or Freddie Mac permanent loan. Under this new program, the company will target loans of $5 to $25 million secured by fully-constructed or renovated multifamily properties that are well-located but have not yet reached stabilized occupancy levels. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Top Youth Volunteers from Every State to Be Honored at Washington Award Ceremony on Sunday

Thu, 29 Apr 2010 07:30:00 EST

The top two youth volunteers from each state and D.C. will gather for the 2010 Prudential Spirit of Community state awards ceremony. From 6:00 to 7:00, they will hear from Prudential Financial Chairman and CEO John Strangfeld and former Secretary of State Condoleezza Rice. After dinner, from 8:30 to 9:30, Olympic snowboarding champion Seth Wescott will speak, and each honoree will be presented with a $1,000 award. In addition, eight youth volunteers from Japan, South Korea, Taiwan and Ireland will be honored.

End of Home Buyer Tax Credit Unlikely to Deter Most Real Estate Buyers

Wed, 28 Apr 2010 10:15:00 EST

NEWARK, N.J., April 28, 2010 - The expiration of the 2010 Home Buyer Tax Credits on April 30 are unlikely to put off Americans looking to purchase homes who believe now is a good time to buy and are confident that home prices will rise according to a survey released today by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. [NYSE: PRU] company. The survey of 1,000 Americans between the ages of 25-64 with at least $35,000 household income was conducted during April 15-20, 2010.

Prudential Investments Launches Prudential Jennison Market Neutral Fund

Tue, 27 Apr 2010 11:00:00 EST

NEWARK, N.J., April 27, 2010 - Prudential Investments today announced the launch of the Prudential Jennison Market Neutral Fund (Ticker: PJNAX). Managed by Jennison Associates, the fund seeks consistent returns in both up and down markets.

Prudential Mortgage Capital closes first commercial real estate loan in Japan

Tue, 27 Apr 2010 00:00:00 EST

NEWARK, N.J. – Prudential Mortgage Capital Company has closed a $49 million (¥4.6 billion) debt financing secured by a group of five high-quality logistics buildings primarily located in Tokyo for Mitsubishi’s Diamond Realty Management (DREAM) Logistics Fund. The financing marks the company’s first commercial real estate debt transaction in Japan since it received approval to offer commercial real estate loans from the Tokyo Metropolitan Government in late 2009. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Fixed Income Names Bjorn Flesaker to Lead Quantitative Modeling

Mon, 19 Apr 2010 12:00:00 EST

NEWARK, N.J., April 19, 2010 - Prudential Fixed Income announced today that Bjorn Flesaker has been named a managing director and head of quantitative modeling. Prudential Fixed Income is the public fixed income asset management business of Prudential Financial, Inc. (NYSE:PRU).

Asian Americans Not Financially Ready for Retirement

Tue, 13 Apr 2010 09:00:00 EST

NEWARK, N.J., April 13, 2010 - Most Asian Americans are not ready for retirement and are not seeking professional guidance, a new study by Prudential Financial, Inc. (NYSE:PRU) shows.

Investors Select Prudential Fixed Income as Replacement Manager for Two European CLOs

Thu, 08 Apr 2010 11:00:00 EST

Prudential Fixed Income has been selected to serve as replacement manager for two collateralized loan obligations: GSC European CDO III SA and GSC European CDO IV SA. The assignment adds more than €800 million in assets to the company’s alternative products business.

PREI® Expands Global Marketing Team

Wed, 07 Apr 2010 10:30:00 EST

Prudential Real Estate Investors has named Mark Chamieh managing director and co-head of global marketing and client services. Chamieh joins Lester Lockwood, a longtime real estate professional who has led the company’s global marketing efforts around the world for the last five years.

Prudential Experts Discuss America’s Retirement Income Challenge

Mon, 05 Apr 2010 10:00:00 EST

The recent stock market rally has not restored the confidence of investors shaken by the hit to their retirement savings during the financial crisis. This has left them unsure how to capitalize on the market surge to place them on a more secure path through retirement.

Take Advantage of Unique Tax Planning Strategies

Thu, 01 Apr 2010 13:00:00 EST

NEWARK, N.J., April 01, 2010 - This tax season provides some unique planning opportunities for retirement and financial planning purposes, according to Robert Fishbein, a vice president in Prudential Financial’s (NYSE:PRU) Tax Department.

Prudential Mortgage Capital Announces Strategic Partnership with Johnson Capital

Wed, 31 Mar 2010 14:00:00 EST

NEWARK, N.J., March 31, 2010 - Prudential Mortgage Capital Company and Johnson Capital announce the creation of Prudential Johnson Apartment Capital Express, a strategic partnership that combines the strengths of Prudential and Johnson to originate and service loans for Freddie Mac under the Program Plus® and Targeted Affordable Loan programs. Prudential Mortgage Capital is the commercial lending business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Retirement Sweeps Top Honors for Retirement Plan Communications for Second Consecutive Year

Tue, 30 Mar 2010 13:00:00 EST

NEWARK, N.J., March 30, 2010 - Prudential Retirement’s defined contribution, defined benefit and total retirement statements for plan participants each rank “best-in-class” among retirement industry peers for the second consecutive year, according to DALBAR, Inc.’s 12th Annual Trends and Best Practices Report.

Women at Prudential Are Building Satisfying Careers with Staying Power

Tue, 30 Mar 2010 12:00:00 EST

NEWARK, N.J., March 30, 2010 - The National Association for Female Executives, NAFE, has named Prudential Financial, Inc. (NYSE: PRU), one of the “Top 50 Companies for Executive Women.” This is the ninth year Prudential has received recognition for its practices and policies that advance the careers of women. Susan Unvarsky, vice president, Prudential Retirement, can attest to why the company received this honor.

Prudential’s Roseland Building Earns ENERGY STAR® for Superior Energy Efficiency

Tue, 30 Mar 2010 11:30:00 EST

NEWARK, N.J., March 30, 2010 - Prudential Financial, Inc., (NYSE: PRU) today announced that its Roseland, N.J. office building has earned the prestigious Energy Star^®symbol for protecting the environment through superior energy efficiency.

Prudential Financial To Announce First Quarter 2010 Earnings; Schedules Conference Call

Mon, 29 Mar 2010 15:30:00 EST

NEWARK, N.J., March 29, 2010 - Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2010 earnings on Wednesday, May 5, 2010, after the market closes. The earnings news release and the financial supplement will be posted on the company's Investor Relations Web site at: http://www.investor.prudential.com.

Ryan Byrne Appointed Head of Prudential Bache Precious Metals Desk

Mon, 29 Mar 2010 00:00:00 EST

NEW YORK— Prudential Bache announced today that Ryan Byrne has been appointed head of its global precious metals desk following the retirement of 33-year industry veteran Ray Keenan in April. Byrne, deputy head of the precious metals desk since 2006, will continue to serve in his additional role as head of the New York-based equity derivatives team.

Prudential Bache expands institutional client services

Fri, 26 Mar 2010 00:00:00 EST

NEW YORK—Prudential Bache has hired a team of commodities and financial futures veterans to expand services to its institutional clients, including private funds, fund of funds and family offices. Prudential Bache is the global commodities and financial derivatives business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Investments Funds Honored for Performance

Thu, 25 Mar 2010 11:00:00 EST

NEWARK, N.J., March 25, 2010 - Prudential Investments mutual funds won awards based on consistent investment performance at Lipper’s annual mutual fund awards ceremony in New York City last night. Prudential Investments is the mutual fund family of Prudential Financial Inc. (NYSE: PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

Take Advantage of Unique Tax Planning Strategies

Thu, 25 Mar 2010 11:00:00 EST

NEWARK, N.J., March 25, 2010 - This tax season provides some unique planning opportunities for retirement and financial planning purposes, according to Robert Fishbein, a vice president in Prudential Financial’s (NYSE:PRU) Tax Department.

34th Annual Cherry Blossom Festival in Essex County Branch Brook Park

Tue, 23 Mar 2010 14:00:00 EST

The 34^th Annual Cherry Blossom Festival will celebrate the arrival of spring below a canopy of pink and white blossoms from the newly completed collection of 4,000 cherry blossom trees. The two week festival runs from April 10 until April 25 and features the Cherry Blossom Gala, bicycle tours, fun run, lecture series and a nature photography workshop. The highlight of the festival, Bloomfest!, is a family day in the park underneath the blossoms that includes cultural demonstrations, children’s activities, live music, crafters’ marketplace, food and more. Prudential is the marquee sponsor of the event.

Prudential Urges Access to Retirement Plans for 30 Million Uncovered Workers

Mon, 22 Mar 2010 12:00:00 EST

NEWARK, N.J., March 22, 2010 - With nearly half of America’s workforce—some 78 million workers—lacking access to a workplace-provided retirement savings plan, Prudential is recommending that Congress support a simple yet effective new solution

Prudential Ranks as a Top Equal Opportunity Employer

Wed, 17 Mar 2010 09:00:00 EST

NEWARK, N.J., March 17, 2010 - Equal Opportunity magazine readers selected Prudential Financial, Inc. (NYSE: PRU) as one of the top 50 U.S. companies they would most prefer to work at or believe are progressive in hiring minorities, according to a survey in the publication’s winter edition. Prudential ranked #22.

Take Advantage of Unique Tax Planning Strategies

Mon, 15 Mar 2010 11:00:00 EST

NEWARK, N.J., March 15, 2010 - This tax season provides some unique planning opportunities for retirement and financial planning purposes, according to Robert Fishbein, a vice president in Prudential Financial’s (NYSE:PRU) Tax Department.

Prudential Investments names Matthew Hunter as Western regional account manager of IODC Group

Thu, 11 Mar 2010 00:00:00 EST

NEWARK, N.J.— Prudential Investments has named Matthew Hunter as Western regional account manager in its Investment-Only Defined Contribution (IODC) group. In this role, Hunter is responsible for working with advisors, platforms and consultants to enhance their retirement-focused capabilities and services. Prudential Investments is the mutual fund family of Prudential Financial Inc. (NYSE: PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

Prudential Real Estate and Relocation Services Launches Industry’s First Research and Development Laboratory; Introduces New Tools for Affiliate Network

Mon, 08 Mar 2010 15:00:00 EST

AUSTIN, Texas, March 08, 2010 - Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. (NYSE: PRU) company, one of the largest networks of real estate brokers in the U.S., announced at its annual convention today the launch of the real estate industry’s first research and development laboratory exclusively focused on building a new generation of tools for real estate professionals.

Retiring Americans Face $260,000 in Health Care Costs

Tue, 02 Mar 2010 16:00:00 EST

NEWARK, N.J., March 02, 2010 - Health care costs for retiring Americans, including nursing home care, average $260,000 and can exceed $500,000, according to new research conducted by the Center for Retirement Research (CRR) at Boston College and underwritten by Prudential Financial (NYSE: PRU).

Robert Fishbein Named Vice Chair of Committee of Annuity Insurers

Mon, 01 Mar 2010 12:00:00 EST

NEWARK, N.J., March 01, 2010 - Prudential Financial, Inc. (NYSE:PRU) announced today that Vice President and Corporate Counsel Robert A. Fishbein has been named Vice Chair of the Committee of Annuity Insurers for a three-year term, to be followed by a three-year term as Chair beginning in 2013.

Prudential Introduces Robust Nonqualified Plan Offering to Enhance Total Retirement Solutions Experience for Plan Sponsors and Participants

Tue, 23 Feb 2010 13:00:00 EST

Prudential Retirement announced today that its Total Retirement Solutions (TRS) offering has been enhanced to include a new nonqualified product that provides a wide variety of benefits for retirement-plan sponsors and their participants.

Prudential Group Insurance to Offer Dental Plans

Wed, 17 Feb 2010 12:45:00 EST

NEWARK, N.J., February 17, 2010 - Prudential Financial, Inc.’s (NYSE:PRU) Group Insurance business will offer dental coverage plans as part of its array of group insurance products following the establishment of a strategic alliance with respected dental administrator, Group Dental Service, Inc.

Prudential Mutual Fund Family Renaming Finalized

Tue, 16 Feb 2010 10:30:00 EST

NEWARK, N.J., February 16, 2010 - Prudential Financial Inc. (NYSE: PRU) announced that the renaming of its mutual fund family to Prudential Investments is effective today. The mutual fund family, previously called JennisonDryden, offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

Prudential Financial To Host 2010 New York Investor Day

Fri, 12 Feb 2010 15:00:00 EST

NEWARK, N.J., February 12, 2010 - Prudential Financial, Inc. (NYSE:PRU) will host a conference for analysts and investors in New York City, on Thursday, December 9, 2010. Further details will be announced closer to the date of the meeting.

Prudential Financial, Inc. to Participate in Bank of America Merrill Lynch’s 2010 Insurance Conference; Live Webcast Available

Fri, 12 Feb 2010 15:00:00 EST

NEWARK, N.J., February 12, 2010 - Prudential Financial, Inc. (NYSE:PRU) will participate in Bank of America Merrill Lynch’s 2010 Insurance Conference in New York City on Tuesday, February 23, 2010. On that day at approximately 9:10 a.m. (ET) John Strangfeld, Prudential Financial, Inc.’s Chairman and Chief Executive Officer, will discuss the company’s businesses and strategies.

Prudential Financial, Inc. Announces 2009 Results

Wed, 10 Feb 2010 16:00:00 EST

NEWARK, N.J., February 10, 2010 - Prudential Financial, Inc. (NYSE:PRU) today reported net income of its Financial Services Businesses attributable to Prudential Financial, Inc. of $3.411 billion ($7.63 per Common share) for the year ended December 31, 2009, compared to a net loss of $1.140 billion ($2.53 per Common share) for 2008. After-tax adjusted operating income for the Financial Services Businesses was $2.481 billion ($5.58 per Common share) for 2009, compared to $1.087 billion ($2.62 per Common share) for 2008. Adjusted operating income is a non-GAAP measure as discussed below.

Top Youth Volunteers in Each State Selected in 15th Annual National Awards Program

Tue, 09 Feb 2010 08:00:00 EST

WASHINGTON, February 09, 2010 - America’s 102 most outstanding youth volunteers – two from each state and the District of Columbia – were named State Honorees today by The Prudential Spirit of Community Awards, a nationwide program honoring young people for exemplary acts of volunteerism. The awards program, now in its 15th year, is conducted by Prudential Financial, Inc. in partnership with the National Association of Secondary School Principals (NASSP).

American Council of Engineering Companies (ACEC) Retirement Trust Adopts Prudential IncomeFlex®

Wed, 03 Feb 2010 11:00:00 EST

NEWARK, N.J., February 03, 2010 - Prudential Retirement announced today that its market-leading guaranteed retirement-income solution, Prudential IncomeFlex® (IFX), will be offered as an investment option in the American Council of Engineering Companies (ACEC) Retirement Trust, a defined contribution retirement program sponsored by ACEC for its member firms.

Prudential Financial to Host 2010 Tokyo Investor Day

Wed, 27 Jan 2010 16:00:00 EST

NEWARK, N.J., January 27, 2010 - Prudential Financial, Inc. (NYSE:PRU) will host a conference for analysts and investors in Tokyo, Japan, on Wednesday, September 15, 2010. Details will be announced closer to the date of the meeting.

American Workers Seek Redesigned Retirement Plans

Tue, 26 Jan 2010 12:00:00 EST

In the wake of the most severe economic crisis since the Great Depression, the overwhelming majority of American workers believe it’s time to create a new and improved model for workplace-provided retirement programs, according to a new survey by Prudential Financial (NYSE: PRU).

Prudential hires Shelley Michelson to manage FHA healthcare-lending program

Thu, 21 Jan 2010 00:00:00 EST

NEWARK, N.J. – Shelley Michelson has joined Prudential Mortgage Capital Company as principal and FHA hospital portfolio manager of the company’s FHA-lending business, Prudential Huntoon Paige. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU).

Prudential Capital Partners closes third mezzanine fund at $965 Million

Wed, 20 Jan 2010 00:00:00 EST

Prudential Capital Partners announced today that it has successfully completed fundraising for Prudential Capital Partners III, L.P. with capital commitments totaling $965 million, exceeding its initial fundraising target of $900 million. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, a private fixed-income investment business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Retirement, Annuities businesses win DALBAR’s 2009 service awards

Wed, 20 Jan 2010 00:00:00 EST

Prudential Retirement and Annuities service organizations were recognized for the exceptional service used to meet customer needs during the recent economic crisis by one of the nation’s leading independent market-research and consulting firms. Prudential Annuities and Prudential Retirement are business units of Prudential Financial (NYSE: PRU).

Prudential Financial Completes Sale of Minority Interest in Joint Venture

Thu, 31 Dec 2009 00:00:00 EST

NEWARK, N.J., December 31, 2009 - Prudential Financial, Inc. (NYSE:PRU) today announced that it has completed the sale of its minority joint venture interest in Wachovia Securities Financial Holdings, LLC, which includes Wells Fargo Advisors (formerly Wachovia Securities) to Wells Fargo & Company. At the closing, Prudential received $4.5 billion in cash.

JennisonDryden Mutual Funds to be Renamed Prudential Investments

Wed, 16 Dec 2009 15:00:00 EST

JennisonDryden, Prudential Financial's mutual fund family, will be renamed Prudential Investments, effective on or about Feb. 16, 2010. The mutual fund family offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

Pru Retirement Expert Gains Seat on Stable Value Investment Association’s Board

Wed, 16 Dec 2009 14:00:00 EST

NEWARK, N.J., December 16, 2009 - James King, a vice president of Prudential Financial (NYSE: PRU) and head of Prudential Retirement’s Stable Value Markets Group, has been appointed to the Stable Value Investment Association’s (SVIA) Board of Directors. King was elected to the Board of Directors in October and will serve a three-year term.

Wells Fargo and Prudential Announce Purchase Price for Noncontrolling Interest

Tue, 15 Dec 2009 19:39:00 EST

NEWARK, N.J., December 15, 2009 - Wells Fargo & Company (NYSE: WFC) and Prudential Financial, Inc. (NYSE: PRU) announced today that Wells Fargo will pay $4.5 billion in cash to purchase Prudential’s noncontrolling interest in their retail brokerage joint venture, which includes Wells Fargo Advisors, LLC (collectively, Wells Fargo Advisors).

PREI® Signs United Nations Principles for Responsible Investment

Mon, 14 Dec 2009 09:30:00 EST

Prudential Real Estate Investors has signed the United Nations-backed Principles for Responsible Investment, strengthening its commitment to incorporate environmental, social and governance criteria into its investment practices, while continuing to meet its obligations to provide favorable investment returns to investors.

Rattled Americans Value the Stability of Life Insurance

Wed, 02 Dec 2009 08:00:00 EST

NEWARK, N.J., December 02, 2009 - Feeling insecure about the future, Americans have a growing interest in financial products that offer guarantees, including life insurance, according to a report released by Prudential Financial, Inc. (NYSE: PRU).

Prudential Fixed Income Management Named Replacement Manager for $490 million CLO

Mon, 23 Nov 2009 13:30:00 EST

Prudential Fixed Income Management has been selected to serve as replacement manager for Duane Street V CLO, a $490 million collateralized loan obligation.

Uneasy Workers Don’t Appreciate the Value of Benefits

Mon, 23 Nov 2009 00:00:00 EST

U.S. workers feel uneasy and less positive about the workplace and the value of their employee benefits, according to a research report released by Prudential Financial, Inc. (NYSE:PRU).  The study, Show Them the Value, found more workers feel their employers are cutting back on benefits, a perception that negatively affects their attitudes toward the value of the benefits.

Prudential Financial Names Falzon Treasurer and Fleurant Controller

Tue, 17 Nov 2009 16:39:00 EST

NEWARK, N.J., November 17, 2009 - Prudential Financial, Inc. (NYSE:PRU) today announced that Robert Falzon, CFA, currently Managing Director, CEO of Prudential Real Estate Investors (PREI), Europe, and head of Global Merchant Banking, was named Treasurer, and John Fleurant, who currently serves as CFO of U.S. Businesses, was named Prudential’s Controller.

Economic Turmoil Brings Benefits Costs to the Forefront

Mon, 16 Nov 2009 09:12:00 EST

NEWARK, N.J., November 16, 2009 - Global economic and financial conditions have turned controlling benefits-related costs into a high priority at most companies, according to a recent report released by Prudential Financial, Inc. (NYSE:PRU).

Prudential Community Resources awards $110,000 To winners of the Strength for Capacity business plan competition

Thu, 12 Nov 2009 10:00:00 EST

NEWARK, N.J., November 12, 2009 - Three New Jersey organizations were selected winners of a business plan competition sponsored by the Community Resources Department of Prudential Financial, Inc. (NYSE:PRU) to encourage nonprofits to think creatively about new ways to generate revenues to support their mission.

Prudential Financial, Inc. to Hold New York Investor Day for Institutional Investors and Analysts

Wed, 11 Nov 2009 16:10:00 EST

NEWARK, N.J., November 11, 2009 - Prudential Financial, Inc. (NYSE:PRU) will hold its New York conference for institutional investors and analysts on December 10, 2009. The day’s schedule will commence with opening remarks at 8:30 a.m. and is expected to conclude at approximately 12:30 p.m. with lunch to follow. Breakfast will be served beginning at 7:30 a.m.

Investors optimistic as they rebuild savings

Wed, 11 Nov 2009 09:00:00 EST

American investors are optimistic they will recoup losses from the recession and are exploring new options to build their retirement savings, according to a report released today by Prudential Financial, Inc.

Prudential Financial Declares Annual Dividend on Common Stock

Tue, 10 Nov 2009 16:08:00 EST

NEWARK, N.J., November 10, 2009 - Prudential Financial, Inc. (NYSE:PRU) announced today that its Board of Directors has declared an annual dividend for 2009 of 70 cents per share of Common Stock, payable on December 18, 2009, to shareholders of record at the close of business on November 24, 2009. The 2009 Common Stock declared dividend represents an increase of approximately 21 percent from the 2008 Common Stock dividend.

Prudential Retirement Selected to Manage All Evonik Degussa Retirement Programs

Mon, 09 Nov 2009 09:30:00 EST

NEWARK, N.J., November 09, 2009 - Evonik Degussa Corporation, a subsidiary of Evonik Industries AG and a global leader in specialty chemicals, has selected Prudential Retirement to manage all the organization’s retirement programs. Prudential, already one of the firm’s defined benefit plan providers, will now administer Evonik Degussa’s full complement of defined benefit, defined contribution and nonqualified programs, managing more than $650 million in assets for approximately 11,000 active plan participants and retirees.

Wall Street one year after the presidential election

Fri, 06 Nov 2009 00:00:00 EST

What's happened with the global financial markets in the year since Barack Obama was elected president? John Praveen, chief investment strategist at Prudential International Investments Advisers, shares his insight on the state of the financial markets almost a year into the Obama administration. He discusses the biggest surprises--both positive and negative--that have affected the markets over the last year, whether Wall Street has embraced the new administration’s fiscal measures and where we’re headed over the next year.

Prudential Financial, Inc. Announces Third Quarter 2009 Results; Updates 2009 Earnings Guidance

Wed, 04 Nov 2009 16:07:00 EST

NEWARK, N.J., November 04, 2009 - Prudential Financial, Inc. (NYSE:PRU) today reported net income of its Financial Services Businesses attributable to Prudential Financial, Inc. of $1.090 billion ($2.35 per Common share) for the third quarter of 2009, compared to a net loss of $118 million (25 cents per Common share) for the year-ago quarter. After-tax adjusted operating income for the Financial Services Businesses was $733 million ($1.59 per Common share) for the third quarter of 2009, compared to $430 million ($1.02 per Common share) for the third quarter of 2008. Adjusted operating income is a non-GAAP measure as discussed below.

Americans Don’t Understand Long-Term Care Insurance

Tue, 03 Nov 2009 11:56:00 EST

NEWARK, N.J., November 03, 2009 - An aging American workforce is increasingly concerned about long-term care needs and the benefits available through employers, according to a report released by Prudential Financial, Inc. (NYSE: PRU).

Life After Debt: Coming to Grips with the Funding Gap

Fri, 30 Oct 2009 11:30:00 EST

PARSIPPANY, N.J., October 30, 2009 - As much as $825 billion in capital could be required to fill a commercial real estate debt funding gap in the United States over the coming years, according to new research from Prudential Real Estate Investors. This capital gap provides a historic opportunity for investors. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Bache Global Commodities Group hires Richard Zack

Wed, 28 Oct 2009 00:00:00 EST

NEW YORK - Richard Zack has joined Prudential Bache Global Commodities Group as a senior vice president - investments in the Equity Arbitrage Group in New York. He will be responsible for developing the company’s structured products business.

Prudential Unveils Solution to America’s Retirement-Savings Crisis

Tue, 27 Oct 2009 10:26:00 EST

NEWARK, N.J., October 27, 2009 - Prudential Financial (NYSE: PRU) has launched "Redefining Retirement," a new model for the design, management and administration of workplace-provided retirement plans, raising the bar for the industry by delivering a comprehensive and effective solution to the retirement-savings crisis now plaguing American workers.

Consumers See Life Insurance as a Way to Help Offset the Value of Assets Lost Due to Financial Volatility

Mon, 26 Oct 2009 09:00:00 EST

NEWARK, N.J., October 26, 2009 - Americans believe life insurance can help bridge the gaps for loved ones created by losses in their financial portfolio, according to a report, Renewed Relevancy of Life Insurance in Stormy Economic Times issued by Prudential Financial, Inc.(Prudential), (NYSE: PRU)

Extending Homebuyer Tax Credit Vital to Housing Recovery

Mon, 19 Oct 2009 11:51:00 EST

NEWARK, N.J., October 19, 2009 - The first-time homebuyer tax credit has been vital in stabilizing the U.S. housing market and should be extended by Congress, one of Prudential Financial Inc.’s (NYSE: PRU) top real estate executives said today.

Prudential Annuities garners top awards for record fifth year

Mon, 19 Oct 2009 11:30:00 EST

NEWARK, N.J., October 19, 2009 - Prudential Annuities has won two top awards in the Boomer Market Advisor Readers’ Choice Awards.

Redefined Defined Contribution Plans Key to Strengthening Retirement Security

Mon, 19 Oct 2009 00:00:00 EST

NEWARK, N.J., October 19, 2009 - Redefining defined contribution (DC) plans with autopilot retirement planning, streamlined plan operations, and built-in risk protection for sponsors, will dramatically improve outcomes for plan sponsors and participants, according to a new white paper released today by Prudential Financial (NYSE: PRU).

Prudential Financial Launches Morse Code “SOS” Advertising Campaign

Fri, 16 Oct 2009 13:40:00 EST

NEWARK, N.J., October 16, 2009 - Prudential Financial, Inc. (NYSE:PRU) announced today that it is launching a major advertising campaign highlighting the company’s solutions for businesses facing a variety of challenges in the post-financial crisis environment. The multimillion dollar advertising campaign centers around Prudential answering an "SOS" call from corporations looking for a partner with the financial strength and solutions for their retirement plans, asset management and group life insurance needs.

Workers Worry More about Financial Security Than Health Insurance

Thu, 15 Oct 2009 10:09:00 EST

NEWARK, N.J., October 15, 2009 - People rate job security and “making ends meet” as their top financial concerns, according to a recent report released by Prudential Financial, Inc. (NYSE: PRU).

Prudential Financial, Inc. Board of Directors Adopts Non-Binding “Say on Pay” Shareholder Vote

Tue, 13 Oct 2009 17:25:00 EST

NEWARK, N.J., October 13, 2009 - Prudential Financial, Inc. (NYSE:PRU) announced that its Board of Directors has approved an advisory shareholder vote on executive compensation which will become effective at the company’s annual meeting in 2010.

Prudential Answers Pressing Retirement Questions

Thu, 08 Oct 2009 11:00:00 EST

Should I continue contributing to my workplace retirement plan if my company has terminated the match? Should I continue to rebalance my allocations? What are the implications of starting Social Security early versus delaying payments? These were among more than 250 questions asked of a panel of retirement experts following the “Conversations About Retirement: What Do I Do Now?” webinar earlier this year.

Prudential Chosen as a 100 Best Company By Working Mother Magazine for the 20th Year

Thu, 08 Oct 2009 10:00:00 EST

NEWARK, N.J., October 08, 2009 - For the 20^th year, Prudential Financial, Inc. (NYSE: PRU) has been named one of Working Mother magazine’s 100 Best Companies for its commitment to providing employees with resources and tools to manage their work and personal responsibilities.

James Mallozzi Appointed Chairman and Chief Executive Officer of Prudential Real Estate and Relocation Services

Mon, 05 Oct 2009 01:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) announced today that James Mallozzi has been appointed chairman and chief executive officer of Prudential Real Estate and Relocation Services, Inc. (PRERS). Mallozzi will succeed John Van Der Wall, who has decided to retire at the end of the year after 24 years with Prudential.

Statement from Prudential Financial, Inc.

Sun, 04 Oct 2009 21:07:00 EST

NEWARK, N.J., October 04, 2009 - Prudential Financial, Inc. (NYSE:PRU) announced today that it is currently exploring options with regard to its investment and fund management businesses in Korea. These options include a possible sale of either or both of Prudential Investments & Securities Co., Ltd. and Prudential Asset Management Co., Ltd., which are headquartered in Seoul, South Korea. This does not affect Prudential’s life insurance business in Korea: The Prudential Life Insurance Company of Korea, Ltd. (also known as Prudential of Korea or POK).

Prudential Financial to Announce Third Quarter 2009 Earnings; Schedules Conference Call

Wed, 30 Sep 2009 16:00:00 EST

NEWARK, N.J., September 30, 2009 - Prudential Financial, Inc. (NYSE:PRU) will release its third quarter 2009 earnings on Wednesday, November 4, 2009, after the market closes. The earnings news release and the financial supplement will be posted on the company's Investor Relations Web site at: http://www.investor.prudential.com.

MyLegacySM Life Insurance Offers Bank Customers Enhanced Wealth Transfer Benefits and Immediate Coverage

Tue, 29 Sep 2009 09:20:00 EST

NEWARK, N.J., September 29, 2009 - A new single-premium universal life insurance policy, MyLegacySM, issued by Pruco Life Insurance Company (Pruco Life), a Prudential Financial, Inc. (NYSE:PRU) company, is an immediate issue policy that helps provide an easy and efficient way for consumers to purchase coverage and transfer wealth. MyLegacy is the latest life insurance product in the company’s portfolio offered over the Internet through banks and other financial institutions.

Prudential Report Shows Employers, Benefits Budgets Hit Hard by Economy

Thu, 24 Sep 2009 09:00:00 EST

NEWARK, N.J., September 24, 2009 - Employee benefit budgets are not immune to corporate cost cutting, according to a report released today by Prudential Financial, Inc. (NYSE: PRU).

More Than 32,000 People in 12 Countries Will Participate In 15th Annual Prudential Global Volunteer Day

Wed, 23 Sep 2009 11:25:00 EST

NEWARK, N.J., September 23, 2009 - On Saturday, October 3, more than 32,000 Prudential Financial [NYSE:PRU] employees and their families and friends are expected to participate in the company’s 15^th annual Global Volunteer Day by donating their time and talent to community service organizations located all over the world.

Prudential Ranked 25 on the 2009 “Diversity Elite 60” List

Wed, 23 Sep 2009 10:30:00 EST

NEWARK, N.J., September 23, 2009 - Prudential Financial, Inc. (NYSE: PRU) has ranked No. 25 on Hispanic Business magazine's 2009 “Diversity Elite 60" list announced in the September issue of the magazine. According to Hispanic Business magazine, “This year's fifth annual list shows which companies—difficult times notwithstanding—walk the walk when it comes to promoting diversity in its workforce, board leadership, marketing efforts and subcontractors."

New Team Joins PREI® to Expand U.K. Platform

Tue, 22 Sep 2009 12:29:00 EST

Prudential Real Estate Investors has hired a team of real estate professionals to expand its commercial real estate platform in the U.K. and introduce a series of U.K .property funds. The team includes Charles Crowe, Paul Dennis-Jones and Andrew Grigson, part of the core group that managed the U.K. funds sponsored by UBS Global Asset Management.

Prudential and MullinTBG Enhance Total Retirement Solutions Experience

Tue, 22 Sep 2009 10:00:00 EST

LOS ANGELES, September 22, 2009 - With the unpredictability of today’s economic markets affecting the retirement plans of millions of Americans, Prudential Retirement and MullinTBG are meeting the demand for user-friendly tools and resources that provide comprehensive retirement plan access. New Total Retirement Solutions (TRS) compatibility established between the two companies’ benefit platforms enables plan sponsors, participants and advisors alike to easily and more effectively manage all of their qualified and nonqualified benefit programs.

Survey: Finance Executives Plan Changes to Retirement Plans to Reduce Risk and Provide Employees with a More Secure Retirement

Mon, 21 Sep 2009 11:02:00 EST

Nearly half of 140 senior finance executives said in a recent survey that their companies are very or somewhat likely to freeze or terminate their defined benefit retirement plans in the next two years. The survey examined the impact of the financial crisis on how finance executives are managing retirement benefit programs. A report entitled Managing Retirement Benefits Amid Capital Market Disruption outlines the survey findings.

Prudential Mortgage Capital Launches Commercial Real Estate Lending Program in Japan

Mon, 21 Sep 2009 00:00:00 EST

NEWARK, N.J., September 21, 2009 - Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), has begun offering loans for commercial real estate in Japan.

Prudential Financial, Inc. Announces Completion of Investment by Nippon Life Insurance Company

Fri, 18 Sep 2009 16:05:00 EST

NEWARK, N.J., September 18, 2009 - Prudential Financial, Inc. (NYSE: PRU) announced today the completion of the previously announced sale by The Prudential Insurance Company of America of a $500 million 10-year exchangeable surplus note to Nippon Life Insurance Company. Under the terms of the transaction, Nippon Life can exchange the surplus note for shares of Prudential Financial common stock at any time, at Nippon Life’s option, beginning on the fifth anniversary of issuance of the note.

Prudential Named One of the Best Companies for Latinas

Thu, 17 Sep 2009 11:08:00 EST

NEWARK, N.J., September 17, 2009 - Prudential Financial, Inc. (NYSE:PRU) has earned the No. 6 position in the 2009 LATINA Style 50 report ranking the best companies for Latinas to work for in the United States. This is the 12^th consecutive year the magazine has recognized Prudential for its commitment to fostering an inclusive and supportive workplace for Hispanic women.

Prudential Annuities Names Tim Seifert Vice President and Director of National Sales

Thu, 17 Sep 2009 09:51:00 EST

NEWARK, N.J., September 17, 2009 - Prudential Annuities^SM, the domestic annuity business of Prudential Financial, Inc. (NYSE: PRU), today announced Tim Seifert has joined the company as a vice president and director of National Sales.

Prudential Financial, Inc. Announces Investment by Nippon Life Insurance Company

Wed, 16 Sep 2009 17:02:00 EST

NEWARK, N.J., September 16, 2009 - Prudential Financial, Inc. (NYSE: PRU) announced today that Nippon Life Insurance Company, one of the world’s largest life insurance companies, has signed a definitive agreement to purchase a $500 million 10-year exchangeable surplus note issued by The Prudential Insurance Company of America. The transaction, which is subject to customary conditions, is expected to close on September 18, 2009. Under the terms of the transaction, Nippon Life can exchange the surplus note for shares of Prudential Financial common stock at any time, at Nippon Life’s option, beginning on the fifth anniversary of issuance of the note.

Prudential Calls for Clarity in Retirement Plan Disclosures

Tue, 15 Sep 2009 11:28:00 EST

NEWARK, N.J., September 15, 2009 - Prudential Financial, Inc. today called for government reform of pension plan regulations to guarantee participants disclosures that are relevant, timely and succinct.

Prudential Named to BusinessWeek’s “Best Places to Launch a Career” List

Tue, 15 Sep 2009 09:00:00 EST

NEWARK, N.J., September 15, 2009 - When it comes to launching a career, Prudential Financial, Inc. (NYSE: PRU) is the place to be, according to BusinessWeek magazine.

Americans Cutting Back on Expenses, But Consider Life Insurance a Must

Wed, 09 Sep 2009 10:21:00 EST

NEWARK, N.J., September 09, 2009 - Americans are looking for ways to spend less, but when it comes to life insurance they’re holding on to their policies, according to a recent report entitled, The Value of Life in Tough Economic Times issued by Prudential Financial, Inc. (NYSE: PRU)

18th Annual Prudential CARES Volunteer Grants Program Awards $407,750 in Grants Worldwide

Wed, 09 Sep 2009 10:00:00 EST

NEWARK, N.J., September 09, 2009 - The Prudential Foundation and Prudential Financial, Inc. [NYSE: PRU], recently provided $407,750 in Prudential CARES Volunteer Grants to 627 nonprofit organizations worldwide. The Prudential Foundation grants acknowledged the volunteer service of 562 Prudential associates and retirees in the United States, while the Prudential Financial grants recognized 65 Prudential employees in Brazil, Canada, Ireland, Italy, Japan and South Korea, all who excelled in commitment, leadership and service to their communities. The Prudential CARES Volunteer Grants program recognizes individual and team volunteers who provided a minimum of 40 hours of volunteer service per individual. Grants range from $250 to $5,000 for each award winner’s charitable organization.

15th Annual Search under Way for Nation’s Top Youth Volunteers

Tue, 08 Sep 2009 08:00:00 EST

WASHINGTON, September 08, 2009 - Over the past 14 years, Prudential Spirit of Community Awards have been given to nearly 90,000 middle and high school students across the country for helping the less fortunate, promoting health and safety, protecting the environment, and serving their communities through many other volunteer activities. This week the search begins to identify thousands more who have made meaningful contributions to their communities over the past 12 months, as the prestigious awards program kicks off its 15^th year.

Prudential’s Group Insurance Expands Disability Operations

Thu, 03 Sep 2009 12:30:00 EST

NEWARK, N.J., September 03, 2009 - Prudential Financial, Inc.’s (NYSE:PRU) Group Insurance business announced today the opening of a disability management services office in Scottsdale, Ariz.

JennisonDryden Adopts XBRL to Report Mutual Fund Information

Tue, 22 Jan 2008 00:00:00 EST

NEWARK, N.J.- JennisonDryden Mutual Funds announced today that it has adopted the use of eXtensible Business Reporting Language (XBRL) to provide information about its funds in filings submitted to the Securities and Exchange Commission. JennisonDryden is Prudential Financial Inc.’s (NYSE: PRU) proprietary mutual fund family.

PRUDENTIAL CAN HELP AMERICANS CREATE A RETIREMENT INCOME PROGRAM AND GUARANTEE IT FOR LIFE The Retirement Income Company Leads the Way

Wed, 16 Jan 2008 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today urged Americans who are thinking about retiring in the next few years to consider a whole new approach to turning their hard-earned retirement savings into a lifetime of income. As the first wave of America’s 76 million Baby Boomers embark on their latest life adventure – retirement – they will face the responsibility of converting their savings into a paycheck while still making their nest egg grow – a challenge complicated by the ongoing volatility in the marketplace. Based on the unique perspective gained in its 132-year history in managing money, risk, and mortality, Prudential suggests Boomers require a radical, fresh method to generating income while living in retirement.

PRUDENTIAL REAL ESTATE TO PARTICIPATE IN YAHOO! REAL ESTATE’S NEW LISTINGS PROGRAM

Thu, 10 Jan 2008 00:00:00 EST

IRVINE, Calif. – Prudential Real Estate Affiliates, Inc., a Prudential Financial (NYSE:PRU) company, announced today that it will participate in Yahoo! Real Estate’s new, online property listings program. The agreement will enable Prudential Real Estate’s affiliate companies to market their full catalog of property listings on Yahoo! Real Estate, and to capitalize on leading interactive marketing services. 

PRUDENTIAL FINANCIAL TO HOST 2008 NEW YORK INVESTOR DAY

Wed, 09 Jan 2008 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) will host a conference for analysts and investors in New York City, on Thursday, December 4, 2008. Further details will be announced closer to the date of the meeting. For more information, please write to investor.relations@prudential.com.

PRUDENTIAL GROUP INSURANCE LIFE PRODUCT PROFESSIONAL AVAILABLE TO DISCUSS VOLUNTARY BENEFITS TRENDS AND ISSUES

Mon, 07 Jan 2008 00:00:00 EST

Newark, NJ – In an environment where financial burdens are shifting to individuals, and away from the government and employers, voluntary benefits are of increased importance to Americans. Increased financial burdens -- the debate about the future viability of government programs such as Social Security and Medicare, declining pensions and the growing affordability crisis are all top of mind for employers and employees when it comes to attaining financial security. The Prudential Insurance Company of America, Newark, NJ (Prudential), executive James Gemus, vice president of Life Product Management, Group Insurance, is available to address recent trends and issues involving Employee Benefits - with particular focus on voluntary benefits. Specifically he can comment on:

PRUDENTIAL FINANCIAL TO ANNOUNCE FOURTH QUARTER 2007 EARNINGS; SCHEDULES CONFERENCE CALL

Fri, 04 Jan 2008 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) will release its fourth quarter 2007 earnings on Wednesday, February 6, 2008, after the market closes. The earnings news release and the financial supplement will be posted on the company's Investor Relations Web site at: http://www.investor.prudential.com.

PRUDENTIAL’S ‘ROCK YER BRAIN’ TRIVIA RINGS IN THE NEW YEAR ON ‘SPECTACULAR’ TIMES SQUARE SIGN

Fri, 28 Dec 2007 00:00:00 EST

What:

When was the first Times Square celebration? What was the original name of Times Square? What did the first New Year’s ball weigh?

These are just some of the 90 trivia questions that will run on Prudential Financial’s (NYSE:PRU) Spectacular Times Square sign on New Year’s Eve. The ‘Rock Yer Brain’ trivia will test onlooker’s knowledge of such topics as history, pop culture, and the annual New Year’s celebration in New York City’s Times Square.

Working in Retirement?

Thu, 20 Dec 2007 00:00:00 EST

Newark, NJ – With today’s longer life expectancies, fewer Americans can afford to rely on their personal savings for 20, 30, or more years in retirement. Whether they need money, simply enjoy working, or both, many Baby Boomers are finding the bright line between the working years and retirement years morphing into a continuum – a gradual progression from more work time to more leisure time – or alternating periods of work and leisure.

PRUDENTIAL LAUNCHES MYTERM, INTERNET-BASED TERM LIFE INSURANCE

Wed, 19 Dec 2007 00:00:00 EST

Newark, N.J.—Prudential Financial, Inc. (NYSE:PRU) today introduced MyTerm^SM, a simplified issue term life insurance policy available through the Internet to customers of select banks and other financial institutions. Through a completely online and automated process that can be accessed from virtually anywhere, MyTerm^SM can deliver a policy in about 10 minutes to qualified customers that may then be saved electronically or printed locally.

PRUDENTIAL MORTGAGE CAPITAL CLOSES $80.3 MILLION LOAN FOR BROOKDALE SENIOR LIVING

Tue, 18 Dec 2007 00:00:00 EST

DALLAS - Prudential Mortgage Capital Company announced today that it has closed a $80.3 million loan on behalf of its general account for Brookdale Senior Living. The portfolio consists of five assisted living, memory care and skilled nursing facilities in Ohio, Texas, Kansas and Kentucky. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU). 

PRUDENTIAL CAPITAL GROUP NAMES NEW HEAD OF COMMERCIAL ASSET FINANCE BUSINESS

Tue, 18 Dec 2007 00:00:00 EST

ATLANTA – Prudential Capital Group, an investment business of Prudential Financial, Inc., (NYSE: PRU), announced today that it has named Robert L. Penfold managing director of its Commercial Asset Finance group. Penfold, a 25-year veteran of the finance and leasing industry, will oversee the Prudential Capital Group’s commercial asset finance business, which was acquired in February 2007, and located in Atlanta, Georgia. 

PRUDENTIAL FINANCIAL, INC. ANNOUNCES 2006 RESULTS; INCREASES 2007 EARNINGS GUIDANCE

Wed, 12 Dec 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced that it closed its previously announced private placement pursuant to Rule 144A under the Securities Act of 1933, as amended, of $2.0 billion aggregate principal amount of Floating Rate Convertible Senior Notes due December 12, 2036.

PRUDENTIAL FINANCIAL SETTLEMENTS IN GROUP INSURANCE REGULATORY INVESTIGATIONS

Wed, 12 Dec 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) confirmed today that its subsidiary, The Prudential Insurance Company of America, has reached separate settlements with the New York Attorney General and California Department of Insurance in connection with their investigations into regulatory matters involving its Group insurance business.

PRUDENTIAL FINANCIAL, INC. ANNOUNCES PRICING OF $2.0 BILLION OFFERING OF CONVERTIBLE DEBT

Sat, 08 Dec 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced that it had priced a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended, of $2.0 billion aggregate principal amount of convertible senior notes due 2036. The initial purchasers also have an option to purchase an additional $300 million aggregate principal amount of the convertible notes solely to cover their overallotments. The sale of the convertible notes is expected to close on December 12, 2006, subject to customary closing conditions.

PRUDENTIAL FINANCIAL, INC. ANNOUNCES $2.0 BILLION OFFERING OF CONVERTIBLE DEBT

Fri, 07 Dec 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced the offering of $2.0 billion aggregate principal amount of convertible senior notes due 2036 pursuant to Rule 144A under the Securities Act of 1933, as amended. Prudential Financial has granted the initial purchaser of the convertible notes an overallotment option to purchase up to an additional $300 million aggregate principal amount of the convertible notes. 

PRUDENTIAL FINANCIAL ANNOUNCES 2007 EARNINGS GUIDANCE AND 2007-2009 RETURN ON EQUITY GOALS

Wed, 05 Dec 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) announced today 2007 earnings per share guidance and return on equity goals for 2007 – 2009 at its Investor Day conference in New York City. Management stated its expectation that Prudential Financial would achieve Common Stock earnings per share in the range of $6.60 to $6.80 for 2007, based on after-tax adjusted operating income of the Financial Services Businesses. Management further stated its target for expansion of return on equity to a range of 15 percent to 17 percent for the 2007 – 2009 period. The 2007 earnings per share expectation assumes appreciation in the S&P 500 Index of 8 percent for the year and a number of additional factors that are in the company’s Current Report on Form 8-K dated December 5, 2006 filed earlier today with the Securities and Exchange Commission, which also relate to the return on equity target range. The return on equity target range is based on after-tax adjusted operating income of the Financial Services Businesses and on attributed equity excluding unrealized investment gains and losses and accumulated other comprehensive income related to pension and postretirement benefits.

PRUDENTIAL ANNUITIES NAMES JOSEPH FUSCHILLO EXECUTIVE VICE PRESIDENT OF DISTRIBUTION

Fri, 30 Nov 2007 00:00:00 EST

Newark, N.J. – Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU), announced that Joseph Fuschillo has joined Prudential Annuities as executive vice president of Distribution. In this role, Fuschillo will lead Annuities’ four distribution channels--the independent broker dealer, wirehouse, bank and agency--and oversee activities of the organization’s national sales desk. He will report to David Odenath, president of Prudential Annuities. 

PRUDENTIAL ANNUITIES NAMES HARRY JOHNSON NATIONAL SALES MANAGER FOR WIREHOUSE REGIONAL CHANNEL

Fri, 30 Nov 2007 00:00:00 EST

Newark, N.J. – Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU), announced today that Harry Johnson has joined Prudential Annuities as national sales manager for the wirehouse regional channel--one of four distribution channels that also include the independent broker dealer, bank and agency channels. In this role, Johnson will focus on achieving sustained sales success through initiatives targeting the distinct needs of each wirehouse and its sales professionals. He will report to Alex MacGillivray, national sales manager of Prudential Annuities.  

PRUDENTIAL ANNUITIES ANNOUNCES NEXT INNOVATION IN GUARANTEED PROTECTION OPTIONAL BENEFITS

Tue, 27 Nov 2007 00:00:00 EST

NEWARK, N.J. – Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU) announced today it has launched Highest Daily Lifetime Five^sm, a variable annuity optional living benefit that guarantees, subject to the program rules, a five percent income stream every year for life based on five percent annual compounded growth on the highest daily protected value.

PRUDENTIAL FINANCIAL, INC. ANNOUNCES DETAILS FOR INVESTOR DAY

Fri, 16 Nov 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) has announced details for its conference for analysts and investors in New York City on Tuesday, December 5, 2006.

Prudential Helps Take the ‘Work’ Out of Work Site Benefits Enrollment

Mon, 12 Nov 2007 00:00:00 EST

NEWARK, N.J. – Workers across the country are currently participating in their companies’ annual benefits enrollment period, and they’re facing important decisions—decisions that could impact their families’ financial futures. But with so much emphasis placed on health care benefits these days, many workers are overlooking crucial life and disability insurance, even though this employer-provided group coverage is often readily available, easy to enroll in, and competitively priced. This oversight can be attributed to several reasons, but the result is clear: a significant number of American workers are underinsured for life and disability.  

Retiring? Top Six Things to Consider Before You Leave Your Job

Mon, 12 Nov 2007 00:00:00 EST

Newark, N.J. – America is preparing for one of the most significant demographic shifts of our time as the oldest of the 76 million baby boomers reach retirement age. Before retiring, there are many important decisions that need to be made, which can leave many people uncertain about where to start. To help Americans clearly focus on the basics, Prudential Financial (NYSE:PRU) has identified six important financial considerations to think about before retiring.

PRUDENTIAL FINANCIAL, INC. SOURCE ADVISORY

Thu, 08 Nov 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) professionals can offer insight into the benefits of long-term investing and asset allocation during a volatile market, recommend products that substantially reduce investment risk despite drops in the stock market, and provide solutions on how to create successful retirement outcomes in an era where the responsibility for planning for this phase of life is being passed on to the American worker.

PRUDENTIAL CLOSES TWO LOANS TOTALING $116 MILLION FOR EASTGROUP PROPERTIES

Wed, 07 Nov 2007 00:00:00 EST

NEWARK, N.J. -- Prudential Mortgage Capital Company announced today that it recently originated two loans on behalf of its general account for EastGroup Properties: an $38 million refinancing loan for Hayward Industrial, in Hayward, California and a $78 million refinancing loan for a 17-property industrial portfolio located in Texas, Colorado, and Phoenix. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU). 

PRUDENTIAL’S INDIVIDUAL LIFE MARKETING MATERIALS EARN IFCA RECOGNITION

Wed, 07 Nov 2007 00:00:00 EST

NEWARK, N.J. - Prudential Financial, Inc. (NYSE: PRU) announced today that its Individual Life Insurance marketing materials garnered three Awards of Excellence at the recent 2007 communicators competition sponsored by the Insurance and Financial Communicators Association. The three winning campaigns included a life insurance print, radio and TV ad series entitled "I Love You This Much," a marketing kit used to introduce Pruco Life's new Return of Premium Term product entitled “Term Wars” and a brochure designed to assist small business owners entitled "Helping to Protect the Future of Your Business."

PRUDENTIAL FINANCIAL, INC. ANNOUNCES THIRD QUARTER 2007 RESULTS; INCREASES 2007 EARNINGS GUIDANCE

Wed, 31 Oct 2007 00:00:00 EST

NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today reported net income for its Financial Services Businesses of $860 million ($1.88 per Common share) for the third quarter of 2007, compared to $1.152 billion ($2.38 per Common share) for the year-ago quarter.   After-tax adjusted operating income for the Financial Services Businesses was $905 million ($1.97 per Common share) for the third quarter of 2007, compared to $828 million ($1.72 per Common share) for the third quarter of 2006, a 15% increase per Common share.   Adjusted operating income is a non-GAAP measure as discussed below. 