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Prudential Financial, Inc. Message Board

  • futureripplemovers futureripplemovers Feb 5, 2014 4:54 PM Flag

    Prudential Financial, Inc. Announces 2013 Results


    Prudential Financial, Inc. Announces 2013 Results
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    NEWARK, N.J.--(BUSINESS WIRE)--Feb. 5, 2014-- Prudential Financial, Inc. (NYSE:PRU):

    After-tax adjusted operating income for the Financial Services Businesses for year 2013 of $4.586 billion, or $9.67 per Common share, compared to $6.40 per Common share for 2012.

    Fourth quarter 2013 after-tax adjusted operating income for the Financial Services Businesses of $1.048 billion, or $2.20 per Common share, compared to $1.76 per Common share in the year-ago quarter.

    Financial Services Businesses Fourth Quarter Highlights

    Pre-tax adjusted operating income up $385 million or 36% from year-ago quarter.

    Record-high earnings in Prudential Retirement, reflecting contribution to results from two significant pension risk transfer transactions that closed in late 2012.

    U.S. Individual Life and Group Insurance earnings up $128 million, reflecting contribution from in force business acquired from The Hartford in January 2013 and improved group insurance claims experience.

    Retirement account values reach record-high $322.9 billion at year end, for an 11% increase from a year earlier; gross deposits and sales for the quarter of $9.9 billion; net additions $1.4 billion, reflecting positive net flows in Institutional Investment Products and Full Service.

    Asset Management institutional and retail net flows, excluding money market, total $6.8 billion, marking the 20th consecutive quarter of positive net flows; segment assets under management $869.9 billion at year end, up 5% from a year earlier.

    Individual Annuity account values surpass $150 billion milestone, reaching $154.1 billion at year end, a 14% increase from a year earlier; gross sales for the quarter of $2.4 billion, net sales $322 million.

    U.S. Individual Life annualized new business premiums $166 million, compared to $144 million a year ago.

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    • Idiots lose 1.7 billion last year and get rich in the process.

      • 3 Replies to newarkonlyhas
      • PFI also steals dividends and distributions of VA individuals because PICA forwards all distributions and dividends, which are distributed periodically by underlying Mutual Fund Companies of PRU mutual funds, to PFI who is the proprietary VA group. Check out how many $B PFI has been stealing annually in PFI Q4 Earnings Calls Transcripts, which seekingalpha published and secured because those transcripts disclosed many facts of criminal offensives of PFI.

      • John Strangfeld has been stealing more than $50B of market gains of variable annuity individuals since 2006. Prudential Financial, Inc. ("PFI; NYSE Ticker "PRU") sells hedging equities, which consist of unregistered hedge funds and "junk bonds" of the Prudential Series Fund ("the Fund"), instead of underlying registered mutual funds of the Advanced Series Trust ("the Trust") to variable annuity ("VA") individuals when VA contract is issued; and then repeatedly uses a 2-stage arbitrage-based defined benefit risk transfer ("DBRT") embezzlement scheme and hedging equities in proprietary PFI accounts to market timing and late trading hedging equities in VA individuals' accounts via prohibited transaction on unregistered exchanges without forwarding such transactions for compliance review to contracted financial intermediaries as required by SEC Rule 22c-2 to steal market gains of VA individuals during stage 1 of each benefit quarter without giving VA individuals written notification at or before completion of such transactions; without publishing firm quotes for PFI "junk bonds"; and without disclosing the time of such transactions, the capacity of brokerage firm, and the seller/buyer of such transactions to VA individuals. At stage 2 of each benefit quarter, PFI uses those prohibited transactions done during stage 1 to form synthesized very large "defined benefit pension risk transfer" transactions, at sub-adviser level, and then forwards those synthesized transactions for compliance review to contract financial intermediaries and submitted for execution to registered national securities exchanges to cook the books by copying records and data from the books of Prudential omnibus accounts, which are maintained by PICA, to that of registered PICA accounts, which are maintained by underlying Mutual Fund Companies of the Trust, under the table, without sending trade confirmation to VA individuals.

      • sell now or bite your lips, I sold at 84.00

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