Prudential 2003 Annual Report Download - page 16
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14 Growing and Protecting Your Wealth
Recognition in
the Public Eye
At Prudential Financial, we understand it’s
our people who drive our progress.That’s
why we are committed to a workplace that
provides opportunity and is ripe with
innovation.
We are achieving our goal by attracting
and retaining talented individuals for our
team through challenging work assignments
and competitive compensation packages.
We insist on the highest standards of
management excellence and ethics.And we
are dedicated to creating an inclusive work
environment that values diversity as a
competitive business advantage.We believe
this is exactly the right combination to make
us the best at what we do.
Our diverse employees, in the United
States and over 30 countries, are delivering
world-class financial services to a worldwide
market.We’re proud of our employees and
honored that they chose us as their employer.
We’re also proud that others are
recognizing our accomplishments in this area.
Most Admired
Companies
Insurance, Life and
Health category
Fortune
America’s 50 Best
Companies for
Minorities
Fortune
Working Mother–
Top 10 Companies
Working Mother
Top 100 Companies
Providing
Opportunities
for Hispanics
Hispanic
Top 30
Companies for
Executive Women
Working Woman
Top 50
Companies
for Diversity
DiversityInc.
Top 50 Diversity
Employers
The Black Collegian
50 Best
Companies for
Latinas to Work
for in the U.S.
Latina Style
OUR CAPITAL POSITION IS A FUNDAMENTAL STRENGTH OF
Prudential Financial. It fuels investment opportunity. It
supports our solid credit ratings. It underlies the products and
services we offer. How we deploy our capital is a key factor in
reaching our goals. In addition to acquisitions and divestitures,
we continue to pursue a multifaceted capital management strategy.
Expense reductions. We are several years into an aggressive
expense-reduction campaign. In 2003, we realized approxi-
mately $200 million in expense savings.
Returning value to shareholders. In 2003 we repurchased
$1 billion in Common Stock and raised our dividend by 25 percent
to $0.50 per share.
We remain in a very favorable position to meet our com-
mitments to policyholders and shareholders. We also maintain
the flexibility to pursue further acquisitions and other invest-
ments to help grow our businesses.
Our Capital Strength
“We continue to seek
opportunities to improve
capital efficiency.We
are also implementing
strategies to improve
our performance
by reducing expenses.”
MARK GRIER
Vice Chairman,
Financial Management