AllAnalyst Report
logoMorningstarMarch 22, 2023

Prudential Financial, Inc.: Prudential Should Successfully Navigate the Challenging Macro Environment in 2023

Symbols
PRU
Sector(s)
Financial Services
Rating
Current Price
$117.40
Fair Value
Economic Moat
Stewardship
Summary

Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company’s investment management business, PGIM, contributes approximately 15% of its earnings and has over $1.5 trillion in assets under management. The U.S. businesses are responsible for about 45% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.

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