01—Abstract
Summary
Summary of the 8-K filed April 16, 2024. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) on April 16, 2024 to disclose the assets under management of its PGIM segment ahead of its quarterly earnings release and quarterly financial supplement for the quarter ended March 31, 2024.
The filing states that those materials are scheduled for release on April 30, 2024. The key figure disclosed is that, as of March 31, 2024, assets under management of the PGIM segment were $1.341 trilliona.
The filing furnishes this information on a quarterly basis, so it functions as an advance look at one segment's asset base rather than a full financial results report. Investors seeking complete quarterly results, segment earnings, or detailed commentary should look to the April 30, 2024 earnings release and financial supplement, which the filing references but does not itself contain.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.341 trillion as of March 31, 2024.
- The disclosure is made under Item 7.01 (Regulation FD Disclosure) and is furnished on a quarterly basis.
- The information was released ahead of the company's quarterly earnings release and financial supplement for the quarter ended March 31, 2024.
- The quarterly earnings release and financial supplement are scheduled for release on April 30, 2024.
- The filing contains no income statement, balance sheet, or other financial statement data.
- The common stock (PRU) trades on the New York Stock Exchange, along with three series of junior subordinated notes (PRH, PRS, PFH).
03—Questions
Frequently Asked Questions
What did Prudential Financial disclose in this 8-K filing?
Prudential disclosed that assets under management of its PGIM segment were $1.341 trillion as of March 31, 2024, under Item 7.01 (Regulation FD Disclosure).
Why did Prudential file this information before its earnings release?
The filing states that it is furnished on a quarterly basis to disclose PGIM segment assets under management before the availability of the company's quarterly earnings release and financial supplement for the quarter ended March 31, 2024.
When will Prudential release its full quarterly results?
The filing states that the quarterly earnings release and quarterly financial supplement for the quarter ended March 31, 2024 are scheduled for release on April 30, 2024.
What does this filing not include?
The filing does not contain earnings, revenue, net income, or results for other segments. Those details are in the earnings release and financial supplement the company references for April 30, 2024.
Which securities are registered on the New York Stock Exchange under this filing?
Common stock with a par value of $.01 (ticker PRU), 5.950% Junior Subordinated Notes (PRH), 5.625% Junior Subordinated Notes (PRS), and 4.125% Junior Subordinated Notes (PFH) are registered under Section 12(b).
04—Continue