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LON100:PRU, Apr 21, 07:23 UTC

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Today


News

Prudential’s Asset Management Business

PRU

Prudential Financial’s (PRU) asset management business is overseen by PGIM. According to the company, its asset management business has a strong revenue base. The company generates asset management fees from different asset classes. In 2017, 45% of the company’s asset management fees were from public fixed income, 8% were from private fixed income and equity, 17% were from real estate assets, 25% were from public equity, and 5% were from commercial mortgages.

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  • Financial

Yesterday


News

What Prudential’s Planning for Its Investment Management Business

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What Lies Ahead for Prudential Financial? Insurance giant Prudential Financial’s (PRU) investment management business saw its operating income rise to $306 million in 4Q17 from $224 million in 4Q16, boosted by performance, transactions, commercial mortgages, and strategic investing. This positive momentum was offset by asset management fees increasing due to higher AUM (assets under management).

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News

Prudential’s International Insurance Aims to Expand Reach

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In 4Q17, Prudential Financial’s (PRU) life planner operations’ adjusted operating income fell to $383 million from $395 million in 4Q16 due to foreign currency exchange, policies, and increased expenses. In 4Q17, life planner operations’ claims were in line with expectations. The international insurance division’s adjusted operating income rose to $777 million in 4Q17 from $755 million in 4Q16.

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Story Sources

uk.finance.yahoo.com
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  • Financial
News

Prudential’s Individual Annuities and Life Business

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Prudential Financial’s (PRU) individual annuities segment’s adjusted operating income rose by $119 million to $541 million in 4Q17 from $422 million in 4Q16. However, this amount includes the impact of significant items. If this impact is excluded, its operating income rose $103 million, boosted by policy fees.

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Story Sources

uk.finance.yahoo.com
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  • Financial

Thursday, April 19


News

What is Behind Prudential plc’s (LON:PRU) Superior ROE?

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'Prudential plc (LSE:PRU) delivered an ROE of 14.85% over the past 12 months, which is an impressive feat relative to its industry average of 13.22% during the same period.', 'Superficially, this looks great since we know that PRU has generated big profits with little equity capital; however, ROE doesn’t tell us how much PRU has borrowed in debt.', 'Return on Equity (ROE) weighs Prudential’s profit against the level of its shareholders’ equity. For example, if the company invests £1 in the form of equity, it will generate £0.15 in earnings from this.', 'What to read next. What is Behind Prudential plc’s (LON:PRU) Superior ROE?'

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Story Sources

finance.yahoo.com
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Tuesday, April 17


News

Jersey City renews $208 million government plan with Prudential Retirement

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Jersey City, the second-most-populous city in the U.S. state of New Jersey, will continue to utilize Prudential Retirement as the recordkeeper for its $208 million governmental retirement plan. Jersey City has 2,100 participants in its retirement plan and has been a client of Prudential Retirement for 17 years. Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.3 million participants and annuitants.

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Sunday, April 15


News

Prudential to Boost Technology Spending in Asian Expansion Drive

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“Technology initiatives including automation are one of the key drivers to achieving Prudential’s growth ambitions in Asia,” Nicandrou, 52, said in an interview, adding that he expects earnings in the region to double every five to seven years. The U.K. insurer will raise annual spending by 20 percent to 300 million pounds ($427 million) from this year in areas such as automation and online sales and support to attract younger customers who are increasingly expecting instant service, said Nic Nicandrou, chief executive of its Asia operation. The insurer will roll out an artificial intelligence initiative that will allow the firm to settle hospital claims on the same day, Nicandrou said. Hospital claims assessed by humans can currently take as many as eight days, Nicandrou said.

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Story Sources

finance.yahoo.com
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  • Financial
  • Science

Tuesday, April 10


News

Prudential CEO Welcomes Xi's Comments on Opening Insurance

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Michael Wells, chief executive officer at Prudential, discusses comments made by Chinese leadership and outlook for the insurance industry overall. He speaks with Stephen Engle on “Bloomberg Markets: European ...

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Story Sources

uk.finance.yahoo.com
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  • Politics
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Friday, April 06


News

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended February 28, 2018

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Net Increase / (Decrease) in Net Assets From Operations. Undistributed / (Overdistributed) Net Investment Income Per Share. PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. The Fund is subadvised by PGIM Fixed Income, a business unit of PGIM, Inc. and an affiliate of the investment manager.

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News

Moving Average Crossover Alert: Prudential Financial, Inc. (PRU)

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And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for PRU stock. ZacksApril 6, 2018. Prudential Financial, Inc. PRU could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

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Story Sources

finance.yahoo.com
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