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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.
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.
Thomas Kim and Bentley Jefferson were recognized as Virginia's top youth volunteers of 2021 by The Prudential Spirit of Community Awards, celebrating their significant contributions to the community through volunteer service. Each honoree will receive a $2,500 scholarship and an invitation to a national recognition celebration in April. Kim, a junior, has delivered over 70,000 PPE items to rural hospitals via his flight initiative during the pandemic. Jefferson, a seventh-grader, has raised thousands for kids with cancer through her lemonade stand, demonstrating remarkable commitment and community impact.
Molly Runner, 18, and Emily Carothers, 13, were named West Virginia's top youth volunteers of 2021 by The Prudential Spirit of Community Awards. Each will receive a $2,500 scholarship and a silver medallion. Molly organized a suicide prevention club and a mental health support group, while Emily created an organic vegetable garden to provide fresh produce for her community. This recognition highlights the impact of youth volunteerism, with over 21,000 applicants participating. The awards celebrate meaningful contributions made during the past year of challenges.
William Cabaniss and Cash Daniels were named Tennessee's top youth volunteers of 2021 by The Prudential Spirit of Community Awards. Each will receive a $2,500 scholarship and an invitation to the national recognition celebration. William Cabaniss raised over $32,000 for food banks by selling vanilla extract, providing nearly 100,000 meals. Cash Daniels organized cleanups, removing over 10,000 pounds of trash from the Tennessee River. The awards honor students for their impactful volunteer service, showcasing the determination of today's youth amid challenges.
On Feb. 9, 2021, Prudential Financial honored Daphne Wu and Ava Pinnow as Wisconsin's top youth volunteers by the Prudential Spirit of Community Awards. Each awarded $2,500 scholarships and a silver medallion, they will participate in a virtual national celebration in April. Wu founded an environmental club, the 'Green Team,' and promoted sustainability, while Pinnow crafted art for seniors during the pandemic. This program, recognizing students for community service, highlights the impactful volunteerism of youth amidst global challenges.
Prudential Financial has recognized FaithHoney Anderson, 17, and Ellanie Forbis, 13, as Wyoming's top youth volunteers of 2021. Each honoree receives a $2,500 scholarship and an invitation to a national celebration in April. FaithHoney organized tech-support events to assist seniors, while Ellanie raised nearly $1,500 for an animal shelter by selling stylish bandannas. The Prudential Spirit of Community Awards highlights students' community contributions, with this year's selection based on service initiatives completed during the pandemic.
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