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Prudential Financial, Inc. (NYSE: PRU) has been a pillar in the financial services sector for over 140 years, providing comprehensive financial products and services to both individual and institutional clients. Known for their iconic Rock® symbol, Prudential exemplifies strength, stability, and innovation.
With operations spanning across the United States, Asia, Europe, and Latin America, Prudential has established itself as a global leader in financial services. The company manages over $1.5 trillion in assets, offering a range of products including annuities, life insurance, retirement plan services, and asset management. Its investment management business, PGIM, plays a significant role, contributing approximately 10% of the company’s earnings and managing around $1.3 trillion in assets.
The bulk of Prudential's revenue is generated in the United States and Japan. In the U.S., business operations are divided into several segments: Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. The international segment, which accounts for approximately 40% of earnings, holds a robust market presence in Japan.
Prudential’s commitment to innovation and excellence is evident in its strategic partnerships and ongoing projects. For instance, PGIM Real Estate, Prudential's global asset management arm, has ventured into a $600 million joint initiative with Equinix to develop the SV12x data center in Silicon Valley. This project underscores Prudential's drive to expand its digital infrastructure, ensuring scalable and agile solutions for the future of digital services.
In addition to its financial prowess, Prudential is committed to social responsibility. The Prudential Emerging Visionaries program, in partnership with Ashoka, celebrates young leaders addressing financial and societal challenges. This initiative aligns with Prudential's vision of fostering financial inclusivity and societal impact.
Financial stability is a hallmark of Prudential. Recent collaborations, such as the group annuity contract with Metallus Inc. for terminating the TimkenSteel Corporation Retirement Plan, showcase Prudential's expertise in managing complex financial arrangements, further solidifying its reputation as a trusted entity in the financial sector.
Prudential’s strategic approach, innovative initiatives, and commitment to community support make it a significant player in the financial services industry.
On February 9, 2021, Suraj Kulkarni, 17, and Jenell Theobald, 14, were recognized as Oregon's top youth volunteers by The Prudential Spirit of Community Awards. Each honoree receives a $2,500 scholarship, a silver medallion, and will participate in a national recognition event. Suraj created a website for minority youth to share their experiences, while Jenell founded a nonprofit advocating for people with disabilities. This annual program, conducted by Prudential in collaboration with NASSP, acknowledges students in grades 5-12 for impactful volunteer service.
Angelica Whitney and Gabrielle Selig were recognized as New Hampshire's top youth volunteers for 2021 by The Prudential Spirit of Community Awards. Each honoree receives a $2,500 scholarship and a medallion, with a chance to be named among America's top youth volunteers at a virtual celebration in April. Angelica has produced over 6,750 PPE items during the pandemic, while Gabrielle has raised over $6,600 through her baking business. The awards celebrate youth contributions to communities, emphasizing the importance of volunteer service, particularly during challenging times.
On February 9, 2021, Prudential Financial announced Nijel Murray and Trinity Washington as Nevada's top youth volunteers of 2021 through The Prudential Spirit of Community Awards. Murray, a senior, founded 'Klothes 4 Kids' to provide clothing to foster children, assisting over a thousand kids. Washington, a sixth-grader, volunteered as a cheerleading coach and distributed pandemic supplies to the homeless. Both recipients will receive scholarships and recognition at a national celebration in April. The awards highlight the contributions of youth in community service, especially during challenging times.
On February 9, 2021, Ellie Zimmerman and Caitlyn Michiels were recognized as New York's top youth volunteers by the Prudential Spirit of Community Awards, receiving $2,500 scholarships each. Ellie, a high school senior, founded an organization to assist over 180 nonprofits with technology tasks, engaging more than 8,000 student volunteers. Caitlyn, a fifth-grader, established a nonprofit that collected over 700 eyeglasses and raised $30,000 for eye care initiatives. The awards celebrate outstanding youth contributions to their communities, particularly during the challenges posed by the pandemic.
Pooja Veerareddy and Preston Horton have been named Louisiana's top youth volunteers of 2021 by Prudential Spirit of Community Awards. Pooja, co-founder of the Vijaya Project, has transported over $86,000 in medical supplies to hospitals in Telangana. Preston created "Joyful Melodies" to perform for senior citizens, raising over $1,000 for gift baskets. Both honorees receive a $2,500 scholarship and an invitation to the national recognition event in April, where top national volunteers will be further recognized.
Srishti Sankaran, 16, and Liem Kaplan, 13, have been recognized as Washington's top youth volunteers of 2021 through the Prudential Spirit of Community Awards, honoring their impactful community service. Each will receive a $2,500 scholarship and an invitation to a virtual national celebration in April. Srishti co-founded a nonprofit addressing hunger, while Liem mobilized over 60 volunteers for a pandemic relief project, distributing thousands of masks and food packages. The awards, celebrating youth volunteerism, highlight service initiatives completed during 2019-2020.
The Prudential Spirit of Community Awards recognized Texas' top youth volunteers for 2021 on February 9. Hannah Guan, 14, and Orion Jean, 10, received scholarships and medals for their significant contributions to their communities. Guan founded a nonprofit for online math tutoring, impacting over 5,000 students. Jean collected 600 toys for a children's hospital and provided 40,000 meals to those in need. The program highlights volunteerism among students in grades 5-12, celebrating their efforts during challenging times.
On February 9, 2021, Jisung Lee and Levi Holmstead were recognized as Utah's top youth volunteers of 2021 by The Prudential Spirit of Community Awards. Each honoree will receive a $2,500 scholarship and an invitation to a national celebration in April. Jisung founded a youth organization, UTREAT, to assist teen refugees in Utah, while Levi dedicated his efforts to cleaning up local waterways. The awards celebrate students' impactful volunteer work, demonstrating their commitment to community service despite challenges posed by the pandemic.
Mary Mendez and Shyla Clayton have been recognized as Vermont's top youth volunteers of 2021 by The Prudential Spirit of Community Awards. Each honoree will receive a $2,500 scholarship, a silver medallion, and an invitation to the national recognition event in April. The program, established by Prudential Financial, highlights students in grades 5-12 who contribute significantly to their communities. Over 21,000 applicants participated this year, showcasing the resilience and commitment of youth during the pandemic.
On February 9, 2021, Prudential Financial recognized Jordan Phillips and North Neff as South Dakota's top youth volunteers of 2021 through the Prudential Spirit of Community Awards. Each will receive a $2,500 scholarship and a silver medallion. Phillips raised over $110,000 for breast cancer support through her project 'Cozys for the Cure,' while Neff has provided over $5,000 in resources for shelter animals. Their contributions highlight the impact of youth volunteering, especially during challenging times.
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