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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 Feb. 9, 2021, Prudential Financial announced Shaivi Shah and Vera Loui as California's top youth volunteers of 2021, as part of The Prudential Spirit of Community Awards. Each honoree receives a $2,500 scholarship, a silver medallion, and an invitation to the virtual national recognition celebration in April. Shaivi assembled and donated over 4,600 sanitation kits to various shelters, raising more than $19,000 for her project. Vera created 450 cloth masks for her school district, addressing a critical need during the COVID-19 pandemic.
On February 9, 2021, Anika Attaluri and Hadley Gray were named Arizona's top youth volunteers for their significant contributions to the community. Anika, a senior at Hamilton High School, registered over 35,000 young voters for the 2020 election, while Hadley, a sixth-grader at Paradise Honors Elementary, collected over 100 pieces of luggage for children in foster care. Both honorees will receive $2,500 scholarships and participate in the national recognition event in April, where a few will be named America's top youth volunteers.
Sharon Kim and Cenna Peterson-Robertson have been named Alaska's top youth volunteers of 2021 by The Prudential Spirit of Community Awards, recognizing their outstanding volunteer efforts during the COVID-19 pandemic. Sharon, a senior, initiated 'MaskMissionAK,' distributing over 1,700 homemade masks, while Cenna, a fifth-grader, created gift bags for lonely seniors. Both will receive a $2,500 scholarship and recognition at a national celebration. Prudential emphasizes the importance of youth engagement in community service, with over 21,000 applicants this year.
On February 9, 2021, Samia Smith and Ruby Kate Chitsey were recognized as Arkansas' top youth volunteers by The Prudential Spirit of Community Awards. Both honorees will receive a $2,500 scholarship and participate in a national recognition celebration. Samia, from Little Rock, advocates for gun safety and civic engagement, while Ruby Kate, from Harrison, raised $300,000 to fulfill wishes for over 4,000 nursing home residents. The awards highlight meaningful community contributions by students amid challenging times, with over 21,000 applicants this year.
Prudential Financial announced the selection of North Dakota's top youth volunteers for 2021, Cayden Anderson and Sawyer Anderson. Each will receive a $2,500 scholarship and an invitation to the virtual national recognition celebration in April. They were honored for their significant community contributions: Cayden created 'calm down kits' for young children, while Sawyer raised over $100,000 for clean water initiatives through cookie sales and a children's book. The awards highlight the importance of youth volunteerism amid global challenges.
On February 9, 2021, Maansi Nema and Isabel Sutton were recognized as Michigan's top youth volunteers by The Prudential Spirit of Community Awards. Each honoree will receive a $2,500 scholarship and will participate in a virtual national celebration in April. Nema, a senior, founded 'STEM Without Boundaries' to promote STEM education for girls, while Sutton created eco-friendly bracelets, raising over $2,200 for environmental causes and local families impacted by COVID-19. The awards program celebrates volunteerism among students in grades 5-12.
Derek Yan, 16, and Lily McCallister, 13, have been recognized as Maryland's top youth volunteers for 2021 by The Prudential Spirit of Community Awards. Both honorees receive a $2,500 scholarship, a silver medallion, and an invitation to a national celebration in April. Derek founded the Linx Buddies Association to provide affordable tennis training, while Lily worked on an oyster restoration project for Chesapeake Bay. The awards celebrate students in grades 5-12 for their meaningful community service efforts, with selection based on impact and initiative.
Ankitha Kumar, 17, and Sarah Erickson, 14, have been named Minnesota'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. Ankitha created a free online tutoring service, aiding over 300 students and logging more than 1,500 hours of tutoring. Sarah donated over 70 masks to community efforts during the pandemic. The awards recognize significant volunteer contributions made by students during the past year.
On February 9, 2021, Mahika Kanchanam from Omaha and Joslyn Stamp from Plattsmouth were named Nebraska's top youth volunteers of 2021 by The Prudential Spirit of Community Awards. Each will receive a $2,500 scholarship and an invitation to a national recognition event in April. Mahika provided over 4,000 PPE items to local hospitals and raised $1,400 for a food bank, while Joslyn recycled over 12,000 used markers to prevent landfill waste. The awards celebrate youth volunteers' contributions during the pandemic, recognizing 102 State Honorees across the U.S.
Prudential Financial has announced Eliot Latray and Michael Andersen as Montana's top youth volunteers of 2021 through The Prudential Spirit of Community Awards. Each student will receive a $2,500 scholarship and an invitation to a national recognition celebration. Eliot secured PPE for Native American tribes and water bottles for children affected by COVID-19, while Michael initiated the 'Share Our Stories Holiday Campaign,' connecting youth with older generations through letter writing. The awards recognize exemplary volunteer service by students from grades 5-12.
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