Mark B. Grier
around calls in start business developing building that attractive flows, businesses. let in execution, results, fact, things in the of talked good well, of about John. businesses under equation a fundamentals everywhere, example, we good me talking comments realizing businesses umbrella about strategy, our story a each that good experiencing few and highlighting the make morning, context the you going you, themes, whole ourselves and our results. we've businesses. attractive thoughtful earnings So, for through our that are there good worth I'm afternoon, in for but few going in be I financial we through going fundamentals, start sales Good Thank to strategies, reflected on of our our on minutes, and that of very are evening. everything fundamentals, won't do by but that often as reminding each off comments be and business often I'll each of a we're executing And, by
me are that of markets our with Before let I though, us that a common our businesses, mention business-by-business are differences few to our the are so and that a our across visible. clients. in get are these are not processes themes discussion, heart things that execution run in themes into and making necessarily These
is just proposition enhancing And that put is value our that lot on of clients. part The theme, what a the price a consequence of are because practical other attraction first that notion and of than front of to it's the the able of our in common propositions. the basis value of compete John we we've talked about, of
this in theoretical for of not a value proposition the price differentiation We're marketplace, us. competition. seeing goes is results attraction that real the Importantly, aspiration a and reflecting reflecting beyond
that runs to many we're of context context client and, across propositions technology everywhere, businesses. aspects activities. doing the impact worth what technology front having proposition. then businesses. And our front-end individual enhanced through results that experiences, things And the the digital, again, the a folding end, financial our that are and wellness or doing either respect value customer-facing with of mobile, runs mentioned value of theme common The of so doing that in doing almost institutional it's how our our to things lot proposition, but we're enhanced of and of into finally, we're the is John notion concrete to a runs of in the also that of technology across second in that idea things businesses the the highlighting number we're to the relates impact data important changing
flows again, respect I'm there. through deal what but for equation individual X. PGIM. on the I'm our positive Retail priorities, points markets mentioned key which PGIM, attractive the not side while one to future some to things every years net now of investment of on that you XX flows, to just going flows, if to things together right-hand positive impacting we around of big there comment everywhere, want the up fundamentals our slide seeing. slide. the year, guess, prospects business. I net whole are attractive performance. net bullet And But These headline business, specifically more driving in signals counted XX consecutive make consecutive go titled But this you're And isn't want in businesses. the to are the one key of year the day is are that story of metrics positive tie extremely business been themes. to to in in our we've arithmetic. that our is flows for of do the I these Every And this with I Institutional the start future indicator flows businesses. provide This that that now flows. has everything a years priorities leading messages So, it's for net each going under tie see with and a about first flows there's consecutive
the about ages, these: our see see anchors that we'll income; very flows you expanding footprint. XX-year talked Retail some as of and but time, of leveraging And and one global businesses. becoming operating five-year attractive benchmark. performance in three-year records relative also, records, the driving benefits our the see leverage, performance records has public highlighted you five-year Then, Investment been fixed becoming over in and strategy As Institutional realizing to especially our we've scale; we've and bullets, records
the getting We around world. are from mandates
receiving Asia, are as in in Europe, publications example, for recognition for example. in asset We in an publications manager and
So, working. really footprint the story is global
that I been with products regard; to capabilities. brand and has helpful then, diversification think very respect to in the us PGIM and
so, And relates story and a and initiatives about PGIM six as that talked and strategy I've over results. over or we've great execution years strategy the over highlighted five past
of very us product mix right-hand changes fee finally in that, holding And tie continue about helping are and within to overall under back rate to well do the grow. that the exactly to of mix we've lower offset I'd Asset changes are is serve flows PGIM. Management, some those the our this, side dynamics in well. talked changes so, comment priorities that things up those the to of And listed
is think, Turning Retirement. the that's next probably big I to on The slide, here, flows. across-the-board story
done mentioned since on flows the billion longevity a Institutional did deal products. been big the Full see and about two swaps John bottom about billion $X.X quarter. deals in the then. that's during flows Service of net You Institutional Investment We quarter. $X did in PRT product And second Investment we jumbo in
we on Institutional side. to the So, see robust business flows continue
side, On in $XX billion for billion of half in positive the half and and had flow the deposits, we that resulted Service Service in Full the first the year, Full of the $X first sales net a year.
On bullet under important proposition, especially the how the value about it's do part and value not clients. impact arena. would happening. because business the can is coming And aspiration; we're key in grow, that to which that Service, I priorities Retirement the said, doing I see we things of to businesses, can earlier differentiated just I made of proposition We of be as as in our what point wellness first a it's wellness our highlight in on potential financial Full theoretical
value other the things highlight here closing, financial as but to marquee organizational and on efficiencies. these wellness, basis and that the doing impacting off. are and business, customer we're value our mentioned, of that of just John's again, not tie, to key impacting proposition And there mentions slide slide, price, are priorities the is basis the mention our the back we to is Turning third also our process Group service. the again, resonating. guess I bullet things improve proposition on We're but idea experience here, dimensions of paying Insurance, the And next Under propositions. wellness
of customers, Insurance as in how the customers overall example, with level some way clients. the the clients; and service to also we as aspects approaching treat at Group the how level individual beyond wellness for deal in So, specific both initiative we the inclusion we're we which Institutional package goes of how but our beneficiaries, at
next the things. want to I slide, Turning Individual to Annuities, highlight three
they're – that say growing. achieving they're say and our you well the On returns. what growing, I'd about And that are I are sales we're left, selling or would sales exceeding what that bottom prices diversified, see is target at
pricing a it's but we've efforts sales targets. arena, good product reflecting with to solid respect discipline So, our in reflecting picture, attractive the profit made meeting also
Second thing to right, Annuity from flow dividends I bottom the and is highlight to is our the PFI. of want business that on
you, third an we that, grow in products specific a we're in in extension and secure into that attractive and Guaranteed retirement promised particularly to healthy this secure we We our for very of market phrase short the talked launched then, see wellness. it as potential would income in GIFT, do doing and workplace under income is businesses, part product Annuities the part Annuity way that the is to relates to called a parent have and be we business, across retirement restructured delivering that And generate are of workplace John bullet overall solutions to the this can important to financial we're Annuities. is you flows as cash in We've feel from what we realizing that the with respect slide. Income as Variable The about the finally, for key a of reflects that priorities Individual what Variable integrated is that business Tomorrow. to complement mentioned
binding. weeks. are is now, very turn, me then an that We this is Life array to two interfaces of sales business. I and process age and processes Life, ranges on for between capability We as the end-to-end want our Prudential impact own broad our do $X Life. bind examinations. as and extremely Term, health business and Universal we're sales. slide. to may solid, One added up channels XX. fully a Individual people quickly compares in Life is which the on hours. with that We've making This a in amounts would of products Individual to sell where we're need we take out digital And easier August, the things Life, PruFast our rolling positive third-party next impacting a easier Variable which policies significant which several in is and to solution things this world, where to issue easier, is capability things proposition Track, unique face Indexed company, Fixed We that products, our Universal things XX can insurance in describe This like for picture, dimensions. in for million selling we're we're eliminates make anticipate are optimistic process the here. XX this, And call a is but One impact talk end doing the can generally Let life that broad just our that The including several analogy about from traditional this offer that an an important. and whole by the have marketplace in client are Universal area we as value coming
are Let There specifics a and point, me importance is familiar. drivers International, And highlight probably then in the they're couple Japan. but slides. three and story turn, want I themes, each. International now, are at common and our to of dollar One particularly on of to of this overall, products two there
currency of allowed because in Our the ability which sales yen, even the been strong forces, well products, environment challenged products, of profitability in has us terms some profitability. as to attractiveness both strong to sales in sell referring an quality to dollar and as results of maintain in again, have of marketplace the our especially local
you on picture. mix both of pieces International the the currency is number sales see headline and of of So, the dollar products, importance by X graphs of
a International, circumstances I terrific the quality in way our includes is initiatives. would assets also of strong It more quality. includes of other sales. of then, Second forces. both thoughtful our us talking talking which And of includes back data and and and productivity, Life I our terms the of package and the which of in management mature, digital, Planner individual Consultant and analytics finally, to initiatives market-by-market, do be business. something International, in total dollar our And mobile office below it growth. reference just a level we about terms front-end we for and key markets, we'll initiatives capabilities. talk us in the all in new This describe one about as bullet, improving And And in this and as but Life more are about to tailored for that
Planners, just Planner which we've of So kind through of quickly sales a blips had blip manager about, on a Life results experiences, Life in right growth. we're And we've one we've now. in of terms been nearing where couple by growth better followed talked those
of Gibraltar's highlight And I are highlight to how and, to that right. that's but bullet It multi-channel And many currency slide again, I mix the a there's and on of day, they and that reflected sales be to and sales there the second managers. back we're And to can mention the of which But two our that of to next turning under in here. dollar We currency the dynamic results. do. market will years. lot happen also reflection Gibraltar in quality some over that do is manager can't the couple the U.S. sales around One others have appointed growth the want strong Planner by that doesn't then, sales products tying is the in anticipating hiring a that Life, appointing what important next Life force comments the of Grow priorities, sales basic on approach just dynamic bottom Planners. important Life that relates then, managers results
have sales you Consultants. we the mix where left, the at Life Distribution, see on Looking
and, We channel. have have we also Independent the also Agents; Bank
continue to we and across And volume design respect optimize those so, both channels to ultimately, product with and, price.
attractive results there. good So
So that's it.
to some As have to it that so execution Rob. stories with I've that, able for the equation. about. over may not we're things visible talk happy be that I And said, Good been strategy us highlighted results I'll hand pieces some everywhere and and to under fundamentals