01—Abstract
Summary
Summary of the 8-K filed July 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. filed this Form 8-K on July 17, 2024 under Item 7.01 (Regulation FD Disclosure) to disclose, ahead of its quarterly results, the assets under management of its PGIM segment.
As of June 30, 2024, PGIM assets under management were $1.328 trilliona. The filing is a brief, routine quarterly disclosure rather than a report of earnings or a material corporate event. It states that the company's quarterly earnings release and quarterly financial supplement for the quarter ended June 30, 2024 are scheduled for release on August 1, 2024, and that this report is furnished on a quarterly basis ahead of that release.
For investors, the key takeaway is the PGIM asset base of $1.328 trillionb as of June 30, 2024, which is the figure the filing provides. Fuller segment and consolidated results should be found in the August 1, 2024 earnings materials, which this filing does not contain.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.328 trillion as of June 30, 2024.
- The disclosure was furnished under Item 7.01 (Regulation FD Disclosure) ahead of the quarterly earnings release.
- The quarterly earnings release and quarterly financial supplement for the quarter ended June 30, 2024 are scheduled for August 1, 2024.
- The report is part of a quarterly practice of disclosing PGIM assets under management before earnings are released.
- The common stock trades under the symbol PRU on the New York Stock Exchange.
03—Questions
Frequently Asked Questions
What did Prudential Financial disclose in this 8-K?
The company disclosed that assets under management of its PGIM segment were $1.328 trillion as of June 30, 2024.
Why was this report filed?
The report was furnished under Item 7.01 (Regulation FD Disclosure) on a quarterly basis to share PGIM assets under management before the company's quarterly earnings release and financial supplement.
When will Prudential release its full quarterly results for the quarter ended June 30, 2024?
The quarterly earnings release and quarterly financial supplement are scheduled for release on August 1, 2024.
Does this filing include earnings or financial results?
No. The filing contains only the PGIM segment's assets under management figure and refers to separate earnings materials scheduled for August 1, 2024.
04—Continue