Annuity Sales Contribute to Prudential’s Profits
Prudential Financial Inc. has posted a profit for the second quarter in a row, according to “Prudential Posts Jump in 3Q Net: CEO Says It Will Weather the Financial Storm,” by Al Slavin of Best Week. After a large loss posted in the third quarter of 2008, Prudential is pleased to report net income of $1.1 billion in this year’s third quarter. Individual annuity net sales went from $481 million in the third quarter of 2008 to $4.4 billion in the third quarter of 2009. That is close to an increase ten times last year’s net sales.
The Chairman and Chief Executive of Prudential attributes their sales success to the belief that they will make it through the financial difficulties facing the country. They hope to maintain their success and rise above competitors that are still struggling to find footing. Prudential has a confident mindset and is proud of maintaining quality products and services throughout the economic crisis. Prudential maintains competitive products and fixed annuity rates. Speak to an expert about purchasing an annuity from a strong financial company.
