Despite seeing revenues climb 5.5% in 2018, Prudential reported a 48% year-on-year drop in profits—surely to the chagrin of its investors, who saw a negative total return of -26.4% last year. The Newark, N.J.-based company remains one of the biggest names in the life insurance business and an economic powerhouse in its home state, but like others in its industry has been challenged by macroeconomic conditions, market volatility, and the variable nature of its business. Prudential’s massive PGIM asset management arm has roughly $1.2 trillion in assets on its books.
Looking for leads, investment insights, or competitive intelligence?
News about Prudential Financial
New research shows that some companies are developing strategies to address it.
He can't wait for Eric Holder's report to be issued.
After Berkshire reported its stake in Wells Fargo had grown beyond 10%.
Some financial red flags.