Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Prudential Financial, Inc.    PRU

PRUDENTIAL FINANCIAL, INC.

(PRU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Prudential Financial : FlexGuard ℠ achieves record-setting $1B in sales less than six months after launch

11/19/2020 | 11:16am EST

Customers seeking asset protection and growth amid market uncertainty

FlexGuard℠, Prudential Financial, Inc.’s (NYSE: PRU) first indexed variable annuity product, achieved $1 billion in sales less than six months after launch,i making it the fastest-selling product of its kind ever, according to annuity sales data from the Secure Retirement Institute.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005986/en/

Dylan Tyson, President, Prudential Annuities (Photo: Business Wire)

Dylan Tyson, President, Prudential Annuities (Photo: Business Wire)

FlexGuard is designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their assets into the future. A commission-based version launched in May with a fee-based version for the advisory space planned for 2021.

Dylan Tyson, president, Prudential Annuities, said, “We strengthened our business this year and better positioned our customers to achieve the financial outcomes they seek by accelerating the launch of FlexGuard during a global pandemic and continued market volatility. The unique product features meet shifting needs among individuals who now more than ever face the challenge of protecting and growing their assets.”

FlexGuard’s index strategies allow customers to select a level of protection, or “buffer,” against market losses along with unique crediting strategies that enable customers to accelerate their gains above and beyond the index return when certain targets are met. Importantly, FlexGuard is designed to adapt with consumers’ needs, allowing changes to investment length, protection level and growth strategies, as the markets shift and individual financial goals evolve.

“As financial professionals and their clients seek to address an uncertain world, FlexGuard’s record-setting sales speaks to our ability to bring the right solution to the market at the right time. We look forward to helping Americans reach their desired financial outcomes with more innovative solutions that help solve for the unpredictable challenges they face,” Tyson added.

For more information on FlexGuard, visit: www.prudential.com/myflexguard.

About Prudential Financial

Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of Sept. 30, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

Annuities are issued by Pruco Life Insurance Company, located in Newark, NJ (main office), or by Prudential Annuities Life Assurance Corporation located in Shelton, CT (main office). Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business of Prudential Financial, Inc.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. If you would like information about your particular investment needs, please contact a financial professional.

Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed financial professional can provide you with complete details.

Guarantees are dependent upon the claims-paying ability of the issuing company and do not apply to the underlying investment options.


i As stated in Prudential 3 Quarter 2020 earnings call November 4, 2020.


© Business Wire 2020
All news about PRUDENTIAL FINANCIAL, INC.
01:10aGlobal life insurers impose restrictions, worried about long-term pandemic ri..
RE
01/22Banco do Brasil resumes sale process of asset management unit BB DTVM -source..
RE
01/19PRUDENTIAL FINANCIAL INC : Regulation FD Disclosure (form 8-K)
AQ
01/14PRUDENTIAL FINANCIAL : Genesis Healthcare, Inc. selects Prudential to oversee $1..
BU
01/12QUINCY KROSBY'S JANUARY 2021 MARKET : Finally – A New Year
PU
01/12PRUDENTIAL FINANCIAL : promotes Alan Sexton to Chief Communications Officer
PU
01/11Investors look to upcoming U.S. earnings for a view into 2021
RE
01/11PRUDENTIAL FINANCIAL : partners with US Department of Veterans Affairs to suppor..
BU
01/11Investors look to upcoming U.S. earnings for a view into 2021
RE
01/08Industrials Down After Weak Jobs Data, Impeachment Talk -- Industrials Roundu..
DJ
More news
Financials (USD)
Sales 2020 54 823 M - -
Net income 2020 -284 M - -
Net Debt 2020 13 671 M - -
P/E ratio 2020 580x
Yield 2020 5,27%
Capitalization 32 668 M 32 668 M -
EV / Sales 2020 0,85x
EV / Sales 2021 0,81x
Nbr of Employees 51 511
Free-Float 59,3%
Chart PRUDENTIAL FINANCIAL, INC.
Duration : Period :
Prudential Financial, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRUDENTIAL FINANCIAL, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 82,71 $
Last Close Price 82,62 $
Spread / Highest target 10,1%
Spread / Average Target 0,11%
Spread / Lowest Target -15,3%
EPS Revisions
Managers and Directors
NameTitle
Charlie F. Lowrey Chairman, President & Chief Executive Officer
Kenneth Yutaka Tanji Chief Financial Officer & Executive Vice President
Stacey Goodman Chief Information Officer & Executive VP
Karl J. Krapek Independent Director
Gilbert Fran Casellas Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PRUDENTIAL FINANCIAL, INC.5.83%32 668
AXA-1.54%55 898
PRUDENTIAL PLC3.56%49 479
METLIFE, INC.8.33%45 771
MANULIFE FINANCIAL CORPORATION7.55%36 821
AFLAC INCORPORATED4.41%32 615