Prudential CFO Yanela Frias on reshaping the business, exiting certain markets and reallocating resources

Ann Berry is joined by Yanela Frias, CFO of Prudential Financial, to discuss the company’s five-year plan to reshape its business, its exit from emerging markets and where it’s reallocating resources. They also delve into Yanela’s 30-year career at Prudential and why she’s made a point of never staying in the same role for more than three years.
00:00 Yanela Frias, Prudential CFO, joins
01:22 Breaking down Prudential’s business
03:54 Prudential’s new five-year strategy
06:41 Simplifying a 150-year-old company
08:20 How Prudential’s insurance and asset management businesses work together
09:28 Using technology and AI in underwriting
11:54 Capital-intensive vs. capital-light businesses
13:06 Prudential’s role in private credit
14:37 Exiting emerging markets
16:16 Understanding the opportunity in Japan
19:33 How higher interest rates impact Prudential
21:06 PGIM, equity markets and diversification
22:48 Prudential’s capital allocation strategy
24:18 Yanela’s nearly 30-year career at Prudential
26:20 Outro
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