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Prudential Financial Inc. (PRU)

On Nov 23: 49.08 USD   0.00 (0.00%)  
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Prudential Financial Inc.
751 Broad Street
Newark, NJ 07102
Phone: 973-802-6000
Fax: 973-367-6476
Web Site: http://www.prudential.com

DETAILS
Index Membership: S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Life Insurance
Employees (last reported count): 39,814

BUSINESS SUMMARY
Prudential Financial, Inc., through its subsidiaries, provides various financial products and services in the United States and internationally. It operates in three divisions: Insurance, Investment, and International Insurance and Investments. The Insurance division includes Individual Life, Individual Annuities, and Group Insurance segments. The Individual Life segment provides individual variable life, term life, universal life, and non-participating whole life insurance products. The Individual Annuities segment offers individual variable and fixed annuity products through independent financial planners, wirehouses, and banks, as well as through agents. The Group Insurance segment provides group life, long-term and short-term group disability, long-term care, and corporate and trust-owned life insurance products to institutional clients. It also sells accidental death and dismemberment, and other ancillary coverage. The Investment division comprises Asset Management, Financial Advisory, and Retirement segments. The Asset Management segment provides investment management and advisory services, mutual funds, and other structured products. The Financial Advisory segment consists of investment services, as well as equity sales, trading, and research operations. The Retirement segment provides recordkeeping, plan administration, actuarial advisory services, tailored participant education and communication services, trustee services, and institutional and retail investment funds to public, private, and not-for-profit organizations. The International Insurance and Investments division offers individual life insurance products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries; and proprietary and non-proprietary asset management, investment advice, and services to retail and institutional clients. The company was founded in 1875 and is headquartered in Newark, New Jersey.
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    OFFICERS
      Pay Exercised
    Mr. John Robert Strangfeld Jr., 54
    Chairman, Chief Exec. Officer, Head of Insurance Division, Vice Chairman of Investments Division, Chairman of Prudential Securities and Chief Exec. Officer of Prudential Securities
    $ 4.40M $ 3.17M
    Mr. Richard J. Carbone , 60
    Chief Financial Officer, Exec. VP and Chief Financial Officer of Prudential Insurance
    $ 2.07M $ 4.69M
    Mr. Mark B. Grier , 56
    Director and Vice Chairman of Financial Management & International Division
    $ 3.53M $ 7.13M
    Mr. Stephen Pelletier ,
    Chairman of Prudential International Investments Bus. and Chief Exec. Officer of Prudential International Investments Bus.
    N/A N/A
    Ms. Joyce R. Leibowtiz ,
    Sr. VP of Corp. Operations & Systems
    N/A N/A
    Dollar amounts are as of 31-Dec-06 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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