Prudential Financial, Inc. (NYSE:PRU) Q1 2024 Earnings Call Transcript

Wilma Burdis: Okay. Thank you. And given the exit in Argentina, could you discuss, which regions you’re thinking about scaling? And more broadly, could you give us an update on the market for bolt-on opportunities? Thanks.

Andy Sullivan: So Wilma, it’s Andy. So our emerging market strategy is to focus on a few select high growth geographies that offer us the opportunity for significant scale. So at this point, what I would tell you is we’re in the countries that we want to be in. So there really are no direct implications from the sale of Argentina for the rest of our portfolio. And we remain highly committed to Latin America as part of our emerging market growth strategy. I think the second part of your question was around programmatic bolt-on acquisitions. Job one is always organic growth for us. So that’s where the majority of our focus is. But we will always be in the know and in the flow of potential acquisition opportunities. But as always, we’ll be patient and we’ll be disciplined.

Wilma Burdis: Thank you.

Operator: Thank you. We reached the end of our question-and-answer session. I’d like to turn the floor back over to Mr. Lowrey for any further closing comments.

Charlie Lowrey: Okay. Thank you again for joining us today. We are pleased by the progress we’ve made in growing our market leading businesses, including leveraging our mutually reinforcing business system and optimizing capital to deliver sustainable long-term growth. We will continue to lead the way in expanding access to investing insurance and retirement security across the globe as we help current and future generations live better lives longer. Thank you again for joining us, and have a good day.

Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your lines at this time, and have a wonderful day. We thank you for your participation today.