Prudential Financial, Inc. 5.62 PRS

Overview

Prudential Financial, Inc. is a global financial powerhouse that provides a wide spectrum of financial products and services, including insurance, investment management, and more, both in the United States and internationally. Operating through various segments including PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses, the company tailors its solutions to both individual and institutional clients. Founded in 1875 and with its headquarters in Newark, New Jersey, Prudential has a long history of assisting its clients in achieving financial security and growth.

Products and Services

• PGIM: This segment delivers investment management services and solutions focusing on public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies. It caters to both institutional and retail clients, alongside managing Prudential's own general account.
• Retirement Strategies: This area offers a variety of retirement investment and income products and services to retirement plan sponsors across the public, private, and not-for-profit sectors. It specializes in developing and distributing individual variable and fixed annuity products.
• Group Insurance: Prudential offers group life, long-term and short-term group disability insurance in the United States, primarily serving institutional clients for use in employee and membership benefits plans. It also offers accidental death and dismemberment and other supplemental health solutions, alongside plan administration services.
• Individual Life: This segment is focused on the development and distribution of variable life, universal life, and term life insurance products, providing individuals with various options for life insurance coverage.
• International Businesses: Prudential's international segment offers life insurance, retirement products, investment products, certain accident and health products, and advisory services outside of the United States. This segment caters to the needs of both individual and institutional customers in international markets.