Strong Global Sales and Investment Performance
In the first quarter, Prudential reported robust sales across its global retirement and insurance businesses, coupled with strong investment performance and robust flows at PGIM.
Diversified Product Mix and Market Position
Prudential has made significant progress in de-risking and diversifying its product offerings, with a reduction of nearly 60% in traditional variable annuities and guaranteed universal life products.
Solid Financial Position
The company holds nearly $5 billion in highly liquid assets and maintains strong statutory solvency ratios, supporting its AA financial strength rating.
PGIM Assets Under Management Growth
PGIM's assets under management increased by 3% to $1.4 trillion, driven by market appreciation, net flows, and strong investment performance.
Record International Business Sales
International business sales increased by 15% compared to the prior year, with Japan sales benefiting from recent retirement and savings product launches.