Prudential Financial

Prudential Financial

Global financial services: insurance, asset management.

Overview

Prudential Financial provides a broad suite of global financial services, including life insurance, annuities, mutual funds, pension and retirement services, and asset management, targeted at individuals and institutions. Its products work by collecting premiums or fees and investing assets to fund insurance payouts, retirement Income, and growth opportunities; it also offers tailored financial planning and asset management services that align with long-term goals. The company differentiates itself through its wide range of products and services that span protection, savings, and investment needs, its institutional capabilities, and a focus on building long-term relationships with clients. Its goal is to help clients achieve financial security and sustainable growth over time by preparing for the future with comprehensive planning and investment strategies.

About Prudential Financial

Simplify's Rating
Why Prudential Financial is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Quantitative Finance

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Newark, New Jersey

Founded

1975

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Simplify's Take

What believers are saying

  • Second-quarter 2026 adjusted operating income reached $1.438 billion, beating year-ago results.
  • PGIM launched two core equity ETFs on September 4, 2026, expanding product shelf.
  • Prudential sold Alexforbes on September 18, 2026, freeing capital for core businesses.

What critics are saying

  • Prudential of Japan extended its new-sales suspension 180 days on April 21, 2026.
  • Newark WARN notices covered 267 layoffs in 2026, signaling deeper restructuring.
  • Assurance IQ settled FTC charges for $100 million in January 2026, proving regulatory vulnerability.

What makes Prudential Financial unique

  • PGIM managed $1.642 trillion at June 30, 2026, anchoring Prudential’s scale advantage.
  • Prudential Financial has operated in Newark since 1875, building durable brand trust.
  • SoFi partnered with Prudential on September 10, 2026, broadening life-insurance distribution.

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Funding

Total Funding

$750M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Company Match

Company Equity

Wellness Program

Work/Life Resources

Education Benefit

Employee Stock Purchase Plan

Stock Price

Company News

TMCnet
Oct 2nd, 2026
New Jersey Devils Name Prudential Financial as First-Ever Away Jersey Patch Partner; PGIM Joins as Away Helmet Decal Partner

New Jersey Devils Name Prudential Financial as First-Ever Away Jersey Patch Partner; PGIM Joins as Away Helmet Decal Partner TMCnet News [October 02, 2026] | / | New Jersey Devils Name Prudential Financial as First-Ever Away Jersey Patch Partner; PGIM Joins as Away Helmet Decal Partner The New Jersey Devils announced today a multi-year expansion of their longstanding partnership with Prudential Financial Inc., designating Prudential as the club's first-ever away jersey patch partner and PGIM, Prudential's $1.5 trillion global asset management business*, as the team's away helmet decal partner. The expanded partnership further strengthens Prudential's ties to its headquarters city of Newark through community initiatives such as the Raise Jersey program, in which Prudential will serve as presenting partner, and extended support for Military Appreciation Night initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261002172361/en/ New Jersey Devils name Prudential Financial as first-ever away jersey patch partner; PGIM joins as away helmet decal partner. Prudential, the Official Financial Services Partner for the New Jersey Devils and Prudential Center, became the first company in NHL history to enter into a helmet branding agreement in 2020, one of the most prominent branding opportunities in the game. The addition of the PGIM logo on away helmets complements the Prudential logo already featured on home helmets, extending the company's brand visibility at every Devils game. The club's first-ever away jersey patch, featuring Prudential's iconic logo, and PGIM helmet decal will debut on October 3 against the New York Islanders. Together with the helmet assets, Prudential is bolstering its brand presence with the Devils across broadcast, social, digital and in-arena channels, and deepening their longstanding partnership for over twenty years. To view photos of the new patch and helmet decal, please click here. "For nearly two decades, our partnership with the New Jersey Devils has helped Prudential build meaningful connections with fans and customers while driving positive impact in the local Newark community and across the state," said Richard Parkinson, chief brand and marketing officer at Prudential Financial. "This next chapter of our partnership strengthens that connection and enables the company to more broadly engage audiences, while reinforcing our promise to help people protect what they've spent a lifetime building so they can live better lives, longer." "Our jersey symbolizes more than just a hockey team, and we're proud to represent partners like Prudential and PGIM on the road camera who are as dedicated to our community as we are," said Nico Hischier, Captain of the New Jersey Devils. The partnership expansion reflects Prudential's deep roots in Newark, the city it has called home for more than 150 years. Together with the Devils, Prudential is helping strengthen Newark as a vibrant community and cultural destination through programs that increase access to hockey for young people, support local organizations, and honor community heroes. "Prudential has been an integral partner of the New Jersey Devils and Prudential Center for more than two decades, and this expanded partnership fortifies our brands and creates lasting impact throughout Newark and New Jersey," said Jake Reynolds, President, New Jersey Devils and Prudential Center. "As Prudential becomes our first-ever away jersey patch partner and PGIM joins as our away helmet decal partner, we're building on a stron foundation on and off the ice, while creating new opportunities to engage fans, support community organizations, honor our heroes, and invest in the future of our region." As the presenting partner of the Devils' Raise Jersey Program, Prudential will partner with the Devils to spotlight Newark-based nonprofits and social service organizations addressing community needs. Through in-arena visibility and features across social media, radio and television, the program amplifies their work, deepens community engagement and connects fans with opportunities to make a positive impact across Newark. Building on its role as presenting partner of the annual Military Appreciation Night, Prudential will collaborate with the Devils to extend recognition of local heroes throughout the season through storytelling, community engagement, and other meaningful moments. The partnership will also continue to create opportunities for New Jersey youth to participate in the game through the annual donation of 200 hockey helmets to a local youth hockey organization selected by Prudential and the Devils. The helmets will be presented at an event hosted by the Devils at Prudential Center. About The New Jersey Devils: The New Jersey Devils are part of the 32-team National Hockey League, with teams throughout the United States and Canada. Established in 1982, they recently celebrated their 40th season in the Garden State. During that time, the team has won three Stanley Cup Championships: 1995, 2000 and 2003. Follow the Devils at NewJerseyDevils.com, on Facebook, X, and Instagram. The New Jersey Devils organization is a HBSE property. About Prudential Center: Prudential Center is the world-class sports and entertainment venue located in downtown Newark, New Jersey. Opened in October 2007, the state-of-the-art arena is the home of the National Hockey League's (NHL) three-time Stanley Cup Champion New Jersey Devils, Seton Hall University's NCAA Division I Men's Basketball program, Professional Women's Hockey League's (PWHL) New York Sirens and more than 210 concerts, family shows and special events each year. Ranked in the Top 10 worldwide by Pollstar, Billboard and various other industry publications, Prudential Center is recognized as one of the premier venues in the United States, and hosts over 2 million guests annually. For more information about Prudential Center, visit prucenter.com and follow the arena on Facebook, X, Instagram, and TikTok @PruCenter. Prudential Center is a HBSE property. About Prudential Financial: Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of June 30, 2026, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for over 150 years. For more information, please visit news.prudential.com. About PGIM: PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.* PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions-including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, TMCnet serve retail and institutional clients worldwide. For more information, visit pgim.com. * As of June 30, 2026. Assets are rounded to the nearest full number. View source version on businesswire.com: https://www.businesswire.com/news/home/20261002172361/en/ [ Back To TMCnet.com's Homepage] |

Real Estate NJ
Sep 30th, 2026
Prudential to consolidate in Newark, plans to sell two of three office towers.

Prudential to consolidate in Newark, plans to sell two of three office towers. Prudential Financial Inc. plans to sell its iconic Plaza Building at 751 Broad St. in Newark, its longtime corporate headquarters, and a second building at 213 Washington St. as part of a plan to consolidate at 655 Broad St. - Courtesy: Prudential. By Joshua Burd Prudential Financial intends to sell two of its Newark office buildings, including its iconic white marble headquarters, with plans to consolidate at a 740,000-square-foot tower that the company opened in 2015 and at additional leased locations. Andrew Sullivan, its CEO, announced the plans in an op-ed published Wednesday morning by NJ.com. While he expressed the company's continued commitment to Newark, its home since its founding in 1875, he said its growth has required it "to change with the needs of our customers, including how we work and where we invest." That includes selling its Plaza Building at 751 Broad St. and another building at 213 Washington St. and moving its headquarters to what's known as the Tower Building, at 655 Broad St. A company representative said it could not yet share additional details about brokers or plans for the leased space. "As Prudential becomes a more focused company, we are aligning our real estate footprint with our strategy and future ways of working," it said in an accompanying statement Wednesday. "Establishing the Tower Building as Prudential's global headquarters will create a more connected workplace and enable more efficient use of resources. Newark remains Prudential's home and we are proud to remain part of the community." BINJE was the first to report the move after the op-ed on NJ.com. Sullivan, meantime, said the building sales will take place over the next several years and emphasized that "Newark is our home and it will remain our global headquarters as we prepare Prudential for the future." Prudential Financial opened its new 20-story, 740,000-square-foot office tower in downtown Newark in 2015. - Courtesy: Prudential "Our Newark campus was built for a different version of Prudential," he wrote. "Today, RE-NJ has a different mix of businesses, a different workforce and different space needs. "Several of our buildings are underutilized. Keeping space we no longer need comes at a cost. By putting those resources to work elsewhere, we can invest more in the people, technology and capabilities that help us serve customers and meet their changing needs." The global financial services giant, perhaps the city's best-known corporate and philanthropic anchor, opened its 20-story Tower Building in August 2015 as an expansion of Newark campus and the home of some 3,000 employees. Developed on Prudential's behalf by SJP Properties, the glass-exterior structure achieved gold certification on the U.S. Green Building Council's Leadership in Energy and Environmental Design scale. The $444 million project was also one of the city's highest-profile commercial projects in decades and helped activate a stretch of Broad Street, paving the way for other development, including the mixed-use restoration of the historic Hahne & Co. building. As BINJE noted, Prudential's news follows PSEG's announcement earlier this year that it would sell its longtime tower at 80 Park Place and split operations across multiple locations. And, late last year, Horizon Blue Cross Blue Shield of New Jersey said it was weighing plans for a new ground-up headquarters in the city as NJ Transit looks to sell 1 and 3 Penn Plaza East, the longtime headquarters of both organizations before the agency moved to the nearby Gateway Two building. Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Investor's Business Daily
Sep 25th, 2026
IBD's seventh annual survey of The Most Trusted Financial Companies.

IBD's seventh annual survey of The Most Trusted Financial Companies. (C) Lorena Lozano Mansilla) * ANNE STANLEY * Updated 09:00 AM ET 09/25/2026 American consumers' confidence in the financial companies they do business with - their investment firms, banks, credit card and insurance companies - has been surprisingly resilient over the past year. And that's noteworthy in light of soaring fuel and food prices, interest-rate uncertainty and geopolitical tensions. This is borne out in Investor's Business Daily's seventh annual report on the Most Trusted Financial Companies. Its independent customer survey, co-branded with MarketWatch, shows that over the past four years, the highest IBD Trust Index scores remain in the top quartile for the companies customers trust the most. Here's How To Use IBD's Proprietary Ratings To Find The Next Winning Stock In 2026, IBD made major updates to all of its proprietary stock ratings. Here's the lowdown on how the ratings have changed and how to best use them in your investing practice. Here's How To Use IBD's Proprietary Ratings To Find The Next Winning Stock See All Videos This year, the company that tops the IBD list of the 30 Most Trusted Financial Companies is Charles Schwab (SCHW) - specifically, Schwab's ETF/funds division. Two other Schwab divisions, Schwab Private Client and Schwab's online brokerage, also made IBD's 2026 list of the 30 Most Trusted Financial Companies. Other repeat winners and well-known financial firms that made the top 10 on its list are New York Life, the JPMorgan Funds unit of JPMorgan Chase & Co. (JPM), USAA, the E-Trade unit of Morgan Stanley (MS), Prudential (PRU), Fidelity Investments and American Express (AXP). Which Financial Companies to trust with your money? Americans have faced more challenges to their finances in 2026, including stubbornly high prices, rising mortgage rates and uncertainty over tariffs and interest rates. These have been offset by positive stock market performance and rising 401(k) balances. But which companies do consumers and investors actually trust with their hard-earned money? And if you're shopping for financial services, what do you need to know? Investor's Business Daily's Most Trusted Financial Companies special report aims to provide crucial information on trust, based on IBD's survey of the companies' own customers. Consumers can see in this report how financial companies measure up to customer expectations on safety, service and quality of products. And how those firms measure up against each other. Its 2026 list of the 30 Most Trusted Financial Companies draws on a customer survey that rated financial companies on the trust attributes most important to consumers. When it comes to trust, "There's nothing that matters more when you deal with a client's money and their financial futures," said Jonathan Craig, head of retail investing at Charles Schwab. Financial Companies' security is critical. In this year's survey, respondents ranked their financial companies' "commitment to protecting privacy and security of personal data" as the most important attribute, topping "financial soundness." The latter was the most important attribute in its 2025 survey. Privacy and security are vital to financial companies' success. This is especially true as more financial tools become AI-enabled. The American College, in its recent AI and Trust survey, says, "Trust alone is not enough to drive the use of AI-enabled financial tools and that factors such as security perceptions, ease of use, and usefulness play a critical role." E-Trade, which topped the online broker category in this year's customer-driven survey, places a strong emphasis on data security and customer support. A key to earning trust from clients is to build strong relationships with them and help them achieve their financial goals, said Chris Larkin, managing director of trading and investing at E-Trade. "A big part of that is providing the best possible support for our clients," said Larkin. "It's critical that clients know their assets are safe and their private information and trading activities are confidential and protected." From Investing And insurance to banks and Credit Cards. For IBD's list of the Most Trusted Financial Companies in 2026, Investor’s Business Daily, LLC asked more than 8,000 survey participants about how they judged the key attributes of the financial companies they do business with. The survey was conducted from March to July by IBD's polling partner, Magid. Read more about the survey methodology. There were again eight categories of companies in this year's survey: ETF/fund companies, online brokers, wealth managers, credit card companies, banks, and life, home and auto insurers. IBD newsletters. Get exclusive IBD analysis and actionable news daily. Financial Companies vie for eight trust attributes. Its survey covered eight areas of trust. The attributes for the 2026 IBD Most Trusted Financial Companies survey were privacy and security, financial soundness, fair prices and fees, quality of products and services, ethical business practices and values, customer service, sensitivity and responsiveness to customer needs and confidence in company management. Privacy and security received the highest weight (20%) in its study, topping its list of the most critical trust factors for financial companies. Financially sound/secure took the second spot (17%), followed by fair prices and fees (14.5%). More than 90% of survey respondents said trust was "very important" in their relationships with financial firms. Consumers also care about financial soundness and customer service, the survey said. American Express topped the credit card category. Its customers lauded the company for reliability and consistency. "We've been around for 175 years," said Lisa Kalhans, AmEx's executive vice president, U.S. consumer proprietary products, in an interview with IBD. "We've never deviated from our principles and our formula has not changed." Read Its Business Category Stories On The 2026 Most Trusted Financial Companies In Insurance, Credit Cards, Investing And Banking. The top 10 on its most-trusted list. Financial services firms have faced both internal and external challenges garnering the trust of their customers. Those that focus on the attributes in its 2026 survey, especially security and privacy, financial soundness and fair prices and fees, should be recognized for their successes. These companies' divisions make the top 10, ranked according to their IBD Trust Index score. * Schwab, ETF/fund companies * New York Life, life insurance * Schwab Private Client, wealth management * JPMorgan Funds, ETF/fund companies * USAA, auto insurance * E-Trade, online brokers * USAA, home insurance * American Express, credit cards * Prudential, life insurance * Fidelity, online brokers New rating on customer satisfaction. In a new aspect of its survey, IBD this year asked respondents to rate their satisfaction with the financial companies with which they do business. Overall, customers gave these companies a higher range of scores for satisfaction than for trustworthiness. For the 30 highest scoring companies according to customer satisfaction, scores ranged from 84 to 93 out of 100, indicating a high level of satisfaction. The 10 companies with the highest customer satisfaction ratings are: * Schwab Private Client, wealth management * JP Morgan Funds, ETF/fund companies * Prudential, life insurance * New York Life, life insurance * Fidelity, wealth management * USAA, home insurance * Schwab, ETF/fund companies * Vanguard, ETF/fund companies * USAA, auto insurance * Farmers, home insurance The total number of respondents for the 2026 Most Trusted Financial Companies survey was 8,026. For all categories, Investor’s Business Daily, LLC required at least 125 respondents to rate a company for it to be included in its ranking. Companies are ranked by their IBD Trust Index score, using the highest weighted attribute, privacy and security of personal data, to break any ties. IBD's special reports are objective and data-based. This independent special report is produced by the IBD editorial team. There is no sponsored content, nor are there any commission links. A company cannot apply to get on this list, and there are no fees. The Most Trusted Financial Companies logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group, by email at [email protected] or at 800-290-5460. YOU MAY ALSO LIKE:

SoFi
Sep 10th, 2026
Who is Prudential, and why has SoFi teamed up with them as a life insurance provider?

Who is Prudential, and why has SoFi teamed up with them as a life insurance provider? By Nicholas Wong Sep 10, 2026 | | Comments Off on Who is Prudential, and why has SoFi teamed up with them as a life insurance provider? Prudential is an established financial services company that has been providing insurance protection for more than 150 years. It offers a range of life insurance solutions designed to help individuals and families protect their financial futures. SoFi teamed up with Prudential to give members access to life insurance solutions from an experienced insurance provider. The partnership combines SoFi's focus on helping members achieve financial well-being with Prudential's long-standing experience in life insurance, making it easier for members to explore coverage that fits their needs.

Alternatives Watch
Sep 3rd, 2026
Prudential Advisors adds Cleveland advisor who left wirehouse.

Prudential Advisors adds Cleveland advisor who left wirehouse. Prudential Advisors has landed a Cleveland financial advisor with more than $106 million in client assets as competition for established advisory practices continues. Zachary Karason has joined Prudential Advisors through its Mid America Financial Group, based in Columbus, Ohio. He previously worked at U.S. Bancorp Advisors and Merrill Lynch. Karason has more than 12 years of experience in financial services. He started his career at Merrill Lynch, where he became an assistant vice president. He later joined U.S. Bancorp Advisors as a wealth management advisor. His decision to join Prudential reflects a balance that many established advisors face: They want the resources of a large financial institution, along with flexibility in how they operate their practices. "I wanted the freedom to run my practice in the way I believe best serves my clients," Karason said. Karason focuses on individuals, executives, business owners, and families. He said his approach centers on transparency and education. Prudential Advisors offers an open-architecture investment platform. The business also provides planning resources and technology for advisors. John Begley, managing director of Prudential Advisors, said Karason will gain access to a broader investment platform and additional planning resources. He said the technology should also improve the efficiency of Karason's practice. The addition expands Prudential's presence in the greater Cleveland market. Pat Hynes, president of Prudential Advisors, said the firm has the tools and resources to support Karason through the transition. Prudential Advisors supports more than 3,000 financial advisors across the country. It is part of Prudential Financial, which reported approximately $1.6 trillion in assets under management as of June 30. For Prudential, recruiting advisors with established practices offers a way to expand its wealth management business. For advisors such as Karason, the appeal could be access to a larger platform while maintaining a personalized approach with clients.

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