01—Abstract
Summary
Summary of the 8-K filed October 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 October 16, 2024.
The company is furnishing the report on a quarterly basis to disclose the assets under management of its PGIM segment ahead of its quarterly earnings release and financial supplement for the quarter ended September 30, 2024, which are scheduled for release on October 30, 2024. The key figure disclosed is that, as of September 30, 2024, assets under management of the PGIM segment were $1.400 trilliona. The filing contains no other financial results, and it does not report any change in assets under management from a prior period.
For investors, the filing is a limited, pre-announcement data point. It gives an early read on PGIM's asset base, and the full quarterly results and supplement are expected on October 30, 2024.
02—Key points
Key Highlights
- PGIM segment assets under management were $1.400 trillion as of September 30, 2024.
- The disclosure is furnished under Item 7.01 (Regulation FD Disclosure), not as a full earnings release.
- The filing is a quarterly pre-release of PGIM AUM data ahead of the earnings release.
- Prudential's quarterly earnings release and financial supplement for Q3 2024 are scheduled for October 30, 2024.
- The filing reports no other financial results, guidance, or changes in AUM versus prior periods.
- Common stock (PRU) trades on the New York Stock Exchange, as do the company's junior subordinated notes (PRH, PRS, PFH).
03—Questions
Frequently Asked Questions
What did Prudential disclose in this 8-K?
Prudential disclosed that assets under management of its PGIM segment were $1.400 trillion as of September 30, 2024. The company furnished this information under Regulation FD ahead of its quarterly earnings release.
When will Prudential release its full third-quarter 2024 results?
The company's quarterly earnings release and quarterly financial supplement for the quarter ended September 30, 2024, are scheduled for release on October 30, 2024.
Why did Prudential file this report?
The filing states that the company furnishes this report on a quarterly basis to disclose PGIM segment assets under management before its quarterly earnings release and financial supplement become available.
Does this filing include earnings, income, or other financial results?
No. The filing discloses only the PGIM segment's assets under management as of September 30, 2024, and contains no earnings, income, or other financial results.
04—Continue