- Business
- Prudential Financial, Inc. Prudential Financial, Inc. (NYSE:PRU; 0KRX.L) provides a broad range of financial services, including life insurance, annuities, retirement-related products and services, group insurance, investment management and mutual funds, to individual, institutional and corporate customers worldwide; it operates through segments encompassing PGIM for global asset management in public fixed income, public equity, real estate, private credit, alternatives and multi-asset strategies; U.S. Businesses including institutional and individual retirement strategies such as variable and fixed annuities, group life, long-term and short-term disability, corporate-owned life insurance, voluntary accident, critical illness, hospital indemnity and medical stop-loss coverage; individual life products comprising variable, universal and term life insurance targeted at mass middle, mass affluent and affluent U.S. households; and International Businesses offering life insurance, retirement, investment and accident/health products in Japan, Brazil, Mexico, with joint ventures in Chile, China, India and Indonesia, plus investments in Ghana, Kenya and South Africa. Headquartered in Newark, New Jersey, the company traces its origins to 1875 and maintains operations across the United States, Asia, Europe and Latin America, serving mass market to high-net-worth clients through proprietary channels like Life Planners, banks and agencies, as well as third-party networks. Recent developments include expansion into the U.S. medical stop-loss market effective January 2025; a second reinsurance transaction with Prismic Life reinsuring $7 billion in Japanese whole life policies to enhance scale and retirement security access; pursuit of a strategic partnership with Dai-ichi Life Holdings announced in January 2025 for product distribution and asset management in Japan via Neo First Life Insurance; strong third-quarter 2025 results with adjusted operating income up 28% year-over-year driven by higher assets under management at $1.47 trillion for PGIM and $1.81 trillion total, alongside capital returns via $250 million in share repurchases and $481 million in dividends; and portfolio adjustments such as acquiring over 2.2 million shares in Enerpac Tool Group Corp in November 2024.