This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Prudential Financial, Inc. - Analyst/Investor Day

Stocks in this article: PRU

There are some numbers in the presentations of the business heads. After all, both Kurashige-san and John Hanrahan are actuaries, and they can't help themselves. But their presentations are a little bit higher-level, more strategic than financial. So to pull it all together financially, the last presentation will be that of Ken Tanji, who is the Chief Financial Officer of the International Insurance division. And Ken will be the one who will address most of your questions on our financial performance. You can see that we plan 3 Q&As. We also plan a couple of breaks. There are facilities here. There are little stick figures on the doors. I'll give you a hint. One is for the boys and one is for the girls. That will be a little bit of a test, perhaps, to tell which is which. If you make a mistake, you'll know the moment you open the door. We expect to break around noon, and we are offering lunch, a buffet lunch. I can tell you that the amount of time it will take to get from here back to the Grand Hyatt, where Mit will be presenting, shouldn't be more than about 15 minutes. So if you'd like to stay for lunch, I think you would have time and we would certainly enjoy seeing as many of you there as are able to make it. So that's my nickel, and I'm delighted to hand the baton to Ed Baird.

Edward P. Baird

Thank you, Eric. Good morning, and welcome. This is an interesting year for the Prudential. It's our 25th year here in Japan. And as Eric has outlined, you will hear from the heads of all 3 of the businesses as well our country leader, Kurashige-san. When Prudential started here 25 years ago, it had a single business and a single business model, POJ, with the Life Planner model, which you will hear an updated description of by John Hanrahan. Since then, obviously, the Prudential presence here has grown tremendously, and the models have evolved substantially, and you'll hear a lot of the details on that. So I'm not talk about that. I'm going to talk about what might be less obvious but I think what is critical to understanding the one thing in common that these businesses have that is visible, and that is the extraordinary success that they all share. And I think the reason, among others, that they share that success is that surprisingly, the strategic fundamentals upon which POJ was based and upon which it still operates today are the same strategic principles that we have used in founding and operating these other companies and businesses, in spite of what appear to be substantially different features. So what I hope to do in the next few minutes is just give you an inside look at what those strategic principles are so that as you hear each of the business models described to you and their performances, you might recognize some of the underlying strategic similarities that cause us to be different and, I believe, better than many of the competitors here in this country.

2 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs