Prudential Retirement has surpassed $20 billion in third-partystable value account values since Prudential entered thethird-party stable value business less than two years ago.

The significant growth reflects, in part, Prudential’s solidfinancial-strength ratings, strong brand identity, and extensiveexperience as a provider of stable value products. PrudentialRetirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

Account values have jumped 60 percent since January, when thebusiness reached more than $12.5 billion in third-party stablevalue assets for a variety of institutional investment-onlyclients. Prudential’s entry into the third-party stable valuebusiness in the second quarter of 2009 was fueled in large part tohelp provide plan sponsors with new options to give planparticipants the potential to protect their assets againstvolatility following the financial crisis of 2008-2009.

“We are gratified that so many new institutional clients puttheir confidence in our retirement and asset managementcapabilities, and recognize the importance of giving their 401(k)plan participants the best opportunities to protect against marketvolatility,” said Charles Lowrey, executive vice president andchief operating officer for Prudential's U.S. Businesses.

To celebrate the milestone, Prudential is hosting a Stable ValueDay at its Newark, N.J., headquarters on Tuesday to offer externalpartners and Prudential experts the chance to build a framework onwhich they can expand on this year’s early success.

“I look forward to addressing delegates at tomorrow’s StableValue Day,” said James King, vice president and head of PrudentialRetirement’s Stable Value Markets Group. “We owe our success to thecollaboration within the organization and with our externalpartners. I’m especially pleased with how we have been able toharness Prudential’s financial strength and capabilities acrossPrudential Retirement and Prudential’s asset management businesses,which include Jennison Associates and Prudential Fixed Income,along with the Prudential Trust Company.”

“As we continue to emerge from an unprecedented financialcrisis, stable value accounts provide an important alternative tohelp build a diversified retirement savings portfolio forparticipants that provides the potential for steady returns, whilemitigating the risk of higher interest rates and inflation,” Lowreysaid. “As a company, we are committed to helping plan sponsorsoffer a full array of investment platforms, including stablevalue.”

Stable Value products are issued by either Prudential RetirementInsurance and Annuity Company (PRIAC), Hartford, Conn., or ThePrudential Insurance Company of America (PICA), Newark, N.J. Bothare Prudential Financial companies. Each company is solelyresponsible for its financial condition and contractualobligations. Guarantees are contingent on the claims paying abilityof the issuer.