Highest-materiality recent filing
Prudential closes $750M issuance of 6.250% junior subordinated notes due 2056
Closed sale of $750M in aggregate principal amount of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
Prudential Financial shareholders elect all 11 director nominees at 2026 annual meeting
All director nominees elected; highest vote count was Joseph J. Wolk with 204.7M for, lowest Sandra Pianalto with 188.1M for.
Prudential Q1 adj. operating income $1.28B ($3.61/sh), up 8% YoY; net income down 16%
After-tax adjusted operating income $1.278B ($3.61/sh) vs $1.188B ($3.29) YoY, up 8%.
Prudential of Japan extends new sales suspension by 180 days, cites greater complexity
POJ voluntarily suspends new sales for additional 180 days beyond initial 90-day suspension starting Feb 9, 2026.
PGIM assets under management as of March 31, 2026: $1.43 trillion.
Prudential warns shareholders to reject Potemkin mini-tender offer at $60.70, 37% below market
Potemkin offers $60.70/share for up to 100k shares, 37.36% below $96.90 Apr 10 close.
CEO Andrew Sullivan named Chairman; Charles Lowrey resigns as Executive Chairman
Charles Lowrey resigned as Executive Chairman and director, effective March 10, 2026.
Prudential subsidiary reports unauthorized info removal by seconded employees in Japan
11 employees removed 379 instances of agency information from 7 financial institutions; no improper purpose found.
Prudential sets 2026 executive incentive metrics: EPS, ROE, expenses, customer experience
Annual incentive awards weighted on four metrics: EPS (AOI), ROE vs. peer median, total Operating Expenses, and Customer Experience change.
Prudential Financial elects Maryann Mannen to Board as independent director, effective May 12, 2026
Mannen is chairman, president & CEO of Marathon Petroleum Corporation, with over 30 years in global energy.
Prudential Q4 net income $905M vs loss; Japan unit suspends new sales 90 days due to misconduct
Q4 2025 net income $905M ($2.55 EPS) vs net loss $57M in Q4 2024; AOI $1.168B ($3.30) vs $1.068B ($2.96).
Press release issued Jan 16, 2026, detailing findings of internal investigation into misconduct by current and former employees of Prudential of Japan.
Prudential reports PGIM AUM at $1.47T; general account alt income $5-25M below expectations
PGIM segment AUM stood at $1.47 trillion as of December 31, 2025.
Caroline Feeney, EVP & Global Head of Retirement/Insurance, to depart by Feb 2, 2026 as role eliminated.
Prudential Board authorizes $1.0B share repurchase for 2026
Board authorized up to $1.0B common stock repurchase for period Jan 1, 2026 through Dec 31, 2026.
Prudential Q3 adjusted EPS $4.26 record high, up 28% YoY; net income $1.43B
After-tax adjusted operating income $1.521B ($4.26/share) vs $1.208B ($3.33) in Q3 2024, a record high.
Prudential reports prelim Q3 2025: PGIM AUM $1.47T, alt income above expectations
PGIM AUM as of Sept 30, 2025: $1.47 trillion.
Prudential Financial Elects Joseph Wolk as Independent Director; He is CFO of Johnson & Johnson
Joseph Wolk elected as independent director effective Sept 30, 2025, serving on Audit and Finance Committees.
Net income $533M ($1.48/sh) vs $1.198B ($3.28) YoY; includes $134M after-tax charge from annual assumption update.
Prudential Q2 prelim: PGIM AUM $1.44T, alt income shortfall, actuarial charges net $50M negative
PGIM segment AUM as of June 30, 2025, reached $1.44 trillion; PGIM other related revenues net of expenses were ~$50 million for Q2.
Prudential Financial elects Tom Stoddard as independent director, effective June 30, 2025
Thomas D. Stoddard elected to Board as independent director; will serve on Audit and Investment Committees.
Prudential Financial shareholders elect all nine director nominees at annual meeting
All nine board nominees elected; highest vote: Carmine Di Sibio (206.8M for), lowest: Gilbert F. Casellas (192.6M for).
Prudential CFO corrects interest rate remark: 20 cents, not 20% EPS impact
During Q&A on Q1 2025 earnings call, CFO Yanela Frias misspoke on interest rate sensitivity.
Prudential Q1 2025 GAAP EPS $1.96 vs $3.12 YoY; Adj. Operating EPS $3.29 vs $3.05
Net income of $707M ($1.96/sh) vs $1.138B ($3.12/sh) a year ago; adjusted operating income $1.188B ($3.29/sh) vs $1.115B ($3.05/sh).
Prudential warns Q1 alternative investment income $85-105M below expectations; AUM $1.39T
PGIM AUM $1.39T as of March 31, 2025; Q1 other related revenues net approx $20M adjusted operating income.
Prudential reaches $10M settlement in derivative litigation over Hartford life reserves
Court preliminarily approved $10M cash payment to Prudential by individual defendants; fees cap of $2.5M (25%).
Director Kathleen A. Murphy will not stand for reelection at Prudential's May 2025 annual meeting
Murphy notified the Board on Feb 28, 2025, of her decision not to stand for reelection at the May 13, 2025 annual meeting.
Prudential appoints Robert Boyle as Controller; director Scovanner to leave board
Director Douglas Scovanner will not stand for reelection at May 13, 2025 annual meeting after 11+ years; departure is for personal reasons, not a disagreement.
Prudential sets 2025 executive incentive programs with EPS, ROE, OpEx, customer metrics
Annual incentive awards for executives are based on EPS (AOI basis), ROE vs. peer median, total Operating Expenses vs. plan, and Customer Experience change.
Prudential Q4 net loss $57M vs profit $1.3B a year ago; adj. op. income up, dividend raised 4%
Full-year 2024 net income $2.727B ($7.50/diluted) vs $2.488B ($6.74) in 2023; adj. op. income $4.588B ($12.62) vs $4.380B ($11.88).
Prudential to reinsure $7B Japan whole life block with Prismic; expects modest income boost
Reinsures ~$7B of USD-denominated Japan whole life reserves via Prismic Life; Prudential continues to administer policies.
Prudential revises AOI down $115M for 9M 2024; PGIM AUM $1.38T at year-end
Revised after-tax adjusted operating income down $115M ($0.31/share) for nine months ended Sep 30, 2024 due to error in indexed variable and fixed annuity products.
Prudential Financial authorizes $1.0B share repurchase for 2025
Board authorized repurchase of up to $1.0 billion of common stock from January 1, 2025 through December 31, 2025.
Andrew Sullivan, currently EVP International & Global Investment Mgmt, named CEO effective March 31, 2025.
Prudential Q3 net income $448M ($1.24 EPS); adjusted op income $1.26B ($3.48 EPS)
Net income of $448M ($1.24/sh) vs net loss of $802M ($2.23/sh) in Q3 2023.
Prudential reports PGIM AUM of $1.400 trillion as of Q3 2024
PGIM segment assets under management were $1.400 trillion as of September 30, 2024.
Prudential enters selling agent agreement for InterNotes program
Entered Selling Agent Agreement with InspereX LLC for issuance of InterNotes due six months or more.
Prudential Q2 net income $1.2B ($3.28/sh) vs $511M; adj op inc $1.23B ($3.39/sh) vs $1.14B
Net income $1.198B ($3.28/sh) vs $511M ($1.38/sh) in Q2 2023; includes $679M annual assumption update benefit.
Prudential's PGIM segment AUM reaches $1.328 trillion as of June 30
PGIM assets under management were $1.328 trillion at June 30, 2024.
Prudential enters $4B five-year credit facility, amending and restating prior agreement
New $4 billion five-year credit agreement signed July 15, 2024, amends and restates prior $4B facility.
Prudential elects former EY global chairman Carmine Di Sibio to board
Appointed independent director effective July 1, 2024; will serve on Audit Committee.
Prudential Financial annual meeting results: directors elected, say-on-pay approved
All 10 director nominees elected; highest support Sandra Pianalto with 206.9M for, lowest Gilbert Casellas with 193.4M for.
Prudential Q1 net income falls to $1.14B but adjusted operating income rises to $1.14B
Net income $1.138B ($3.12/sh) vs $1.462B ($3.93/sh) year ago; adjusted operating income $1.141B ($3.12/sh) vs $1.004B ($2.70/sh).
Prudential reports PGIM AUM of $1.341T as of March 31, 2024
PGIM segment assets under management reached $1.341 trillion as of March 31, 2024.
Prudential closes $1B issuance of 6.500% junior subordinated notes due 2054
$1B aggregate principal of 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 issued.
Prudential Financial reports cyber incident; client PII and employee data exfiltrated
On Feb 5, detected threat actor had gained unauthorized access to systems starting Feb 4, 2024.
Prudential discloses 2024 annual incentive metrics and long-term incentive award terms
Annual incentive for executives weighted on EPS (AOI), ROE vs peers, total expenses, and customer experience.
Prudential Financial detects unauthorized access to systems on Feb 5; no customer data taken
Threat actor gained unauthorized access beginning Feb 4, 2024; detected Feb 5, 2024.
Prudential reports Q4 net income $1.32B vs loss $52M YoY; FY23 AOI $4.29B, dividend raised 4%
Q4 2023 net income $1.317B ($3.61/sh) vs net loss $52M ($0.16/sh) in Q4 2022.
Prudential names Yanela Frias as CFO effective March 15, replacing Ken Tanji
Yanela Frias, currently President of Group Insurance, appointed EVP and CFO effective March 15, 2024.
On February 28, 2025, Kathleen A. Murphy, a member of the Board of Directors (the “Board”) of Prudential Financial, Inc. (the “Company”), notified the Board that she will not stand for reelection to the Board at the Company’s next annual meeting of shareholders, to be held on May 13, 2025.
On February 19, 2025, Douglas A. Scovanner, a member of the Board of Directors (the “Board”) of Prudential Financial, Inc. (the “Company”), notified the Board that he will not stand for reelection to the Board at the Company’s next annual meeting of shareholders, to be held on May 13, 2025, at which time he will have served on the Board for more than 11 years.
On February 21, 2025, the Company announced that Robert Boyle, 59, has been appointed Senior Vice President, Controller and Principal Accounting Officer, effective April 7, 2025, succeeding Robert Axel.
On June 28, 2024, the Board of Directors of Prudential Financial, Inc. (the “Company”) elected Carmine Di Sibio as an independent director.
Ms. Frias will replace Kenneth Y. Tanji, who will remain with the Company to assist Ms. Frias with her transition through September 30, 2024.
appointed Executive Vice President and Chief Financial Officer, effective March 15, 2024.
Max materiality 0.85 · Median 0.55 · Most common event other_material