Prudential's Board of Directors Authorizes Share Repurchases of up to $1.0B

Prudential Financial, Inc. PRU today announced that its Board of Directors has authorized the repurchase of up to $1.0 billion of its outstanding Common Stock during the period from July 1, 2012 through June 30, 2013. In June 2011, the Board authorized the repurchase of up to $1.5 billion of its outstanding Common Stock through June 30, 2012. The Company has repurchased approximately $1.25 billion of its Common Stock through March 31, 2012 under that authorization.