Prudential Financial Inc., the second-largest U.S. life insurer, affirmed its plan to boost return on equity to 13 percent from about 11 percent last year.
“The 13 percent is no longer an aspiration, it’s now a goal, a very specific goal for 2013.” Chief Executive Officer John Strangfeld said at a presentation held by the Newark, New Jersey-based insurer today. “We intend to achieve it.”
To contact the reporter on this story: Zachary Tracer in New York at Ztracer1@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at email@example.com