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Company Description

Contact Info

751 Broad Street

Newark, NJ 07102

United States

Phone: 973-802-6000

Fax:

to transition plans either at the beginning or end of their fiscal year, which are generally during its fourth quarter. In the company’s stable value area within its institutional investment products business, the company utilizes its direct sales force and intermediaries to distribute investment-only stable value wraps and traditional GICs to plan sponsors and stable value fund managers, and to distribute funding agreements to investors. The company also manages a global Funding Agreement Notes Issuance Program, pursuant to which a statutory trust issues medium-term notes secured by funding agreements issued to the trust by Prudential Insurance. Prudential Insurance might also issue funding agreements directly to the Federal Home Loan Bank of New York. In the company’s payout annuity area within its institutional investment products business, its pension risk transfer products, traditional group annuities and participating separate account annuities are typically distributed through actuarial consultants and third-party brokers. Structured settlements are distributed through structured settlement specialists. Voluntary income products are distributed through the defined contribution portion of its full service business, directly to plan sponsors, or as part of annuity price quoting services. Asset Management segment Effective January 2016, the Asset Management segment has rebranded as PGIM, The Global Investment Management Businesses of Prudential Financial, Inc. The Asset Management segment provides a range of investment management and advisory services by means of institutional portfolio management, retail funds management, private lending and asset securitization activity and other structured products. These products and services are provided to third-party clients, as well as other Prudential businesses. The company also invests in asset management and investment distribution businesses in targeted countries, including through investments in operating joint ventures, to expand its mass affluent customer base outside the U.S. and to increase its global assets under management. Products and Services The company offers asset management services for public and private fixed income, public equity and real estate, as well as commercial mortgage origination and servicing, and mutual funds and other retail services through the following eight businesses: Prudential Fixed Income, a PGIM Business. Prudential Fixed Income manages assets for a range of clients worldwide through the company’s operations in Newark, London, Singapore and Tokyo. The company’s products include traditional broad market fixed income and single-sector strategies, traditional and customized asset/liability strategies, hedge strategies and collateralized loan obligations. Prudential Fixed Income also serves as a non-custodial securities lending agent. Portfolios are managed by seasoned portfolio managers across sector specialist teams supported by significant credit research, quantitative research and risk management organizations. Jennison Associates LLC Jennison Associates LLC, a wholly-owned registered investment adviser, provides discretionary and non-discretionary asset management services by managing a range of publicly-traded equity, balanced and fixed income portfolios that span market capitalizations, investment styles and geographies. Jennison Associates LLC uses fundamental, team-based research to manage portfolios for institutional, private and sub-advisory clients, including mutual funds. Quantitative Management Associates LLC Quantitative Management Associates LLC, a wholly-owned registered investment adviser, provides discretionary and non-discretionary asset management services to a range of clients by managing a range of publicly-traded equity asset classes using various investment styles. Quantitative Management Associates manages equity and asset allocation portfolios for institutional and sub-advisory clients, including mutual funds, using proprietary quantitative processes tailored to meet client objectives. Prudential Capital Group Prudential Capital Group provides asset management service

 

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Valuation PLL Industry Range
Price/Earnings 7.9x
Price/Sales 0.6x
Price/Book 0.6x
Price/Cash Flow 7.5x
TEV/Sales NM Not Meaningful
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