- Business
- Prudential Financial, Inc. provides a broad range of financial services, including life insurance, annuities, retirement-related services, investment management, and group insurance products to individual, institutional, and corporate customers worldwide. The company operates through key segments such as PGIM, which offers investment management solutions in public fixed income, public equity, real estate debt and equity, private credit, alternatives, and multi-asset strategies; U.S. Businesses, encompassing retirement strategies like full-service and investment-only products, group insurance covering life, disability, corporate-owned life, voluntary benefits like accident and critical illness, and plan administration including medical stop loss effective 2025; individual life insurance products such as variable, universal, and term life targeted at mass middle, mass affluent, and affluent U.S. households; and International Businesses delivering life insurance, retirement, investment, and accident/health products in Japan, Brazil, Mexico, and through joint ventures and investments in Chile, China, India, Indonesia, Ghana, Kenya, and South Africa. Founded in 1875 and headquartered in Newark, New Jersey, Prudential conducts operations across the United States, Asia, Europe, and Latin America. Recent developments include the expansion of its advisor network in 2025 with experienced professionals managing nearly $3 billion in client assets and a strategic partnership with LPL Financial to enhance wealth management capabilities using LPL's technology; a January 2025 agreement to pursue a product distribution and asset management partnership with Dai-ichi Life Holdings in Japan; and acquisitions by PGIM of Deerpath Capital for direct lending and Montana Capital Partners for private equity secondaries to broaden private alternative capabilities.