01—Abstract
Summary
Summary of the 8-K filed January 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. filed this Form 8-K on January 17, 2024 under Item 7.01 (Regulation FD Disclosure) to disclose, ahead of its quarterly earnings release, the assets under management of its PGIM segment.
As of December 31, 2023, PGIM segment assets under management were $1.298 trilliona. The filing is a quarterly disclosure furnished in advance of the company's quarterly earnings release and quarterly financial supplement for the quarter and year ended December 31, 2023, which are scheduled for release on February 6, 2024.
The filing itself contains no other financial results, guidance, or operating metrics. For investors, the key takeaway is the $1.298 trillionb PGIM asset base at year-end 2023, which provides an early reference point for the asset management business ahead of the full fourth-quarter and full-year 2023 results.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.298 trillion as of December 31, 2023.
- The disclosure is furnished under Item 7.01 (Regulation FD Disclosure) and is made on a quarterly basis.
- The information is provided ahead of the quarterly earnings release and financial supplement for the quarter and year ended December 31, 2023.
- The quarterly earnings release and quarterly financial supplement are scheduled for February 6, 2024.
- Common stock (PRU) trades on the New York Stock Exchange, along with junior subordinated notes PRH, PRS and PFH.
03—Questions
Frequently Asked Questions
What was the size of PGIM's assets under management at year-end 2023?
As of December 31, 2023, assets under management of the PGIM segment were $1.298 trillion.
Why did Prudential file this 8-K?
The company furnished the report under Item 7.01 (Regulation FD Disclosure) to disclose PGIM segment assets under management before its quarterly earnings release and quarterly financial supplement for the quarter and year ended December 31, 2023.
When will Prudential release its fourth-quarter and full-year 2023 earnings?
The quarterly earnings release and quarterly financial supplement for the quarter and year ended December 31, 2023 are scheduled for release on February 6, 2024.
Does this filing include Prudential's earnings or financial results?
No. The filing discloses only the PGIM segment's assets under management as of December 31, 2023. It does not report earnings or other financial results.
04—Continue