Prudential Financial reports Q4 2024 loss as U.S. businesses and retirement strategies struggle
Prudential Financial, Inc. posted a net loss of $57 million for the fourth quarter of 2024, marking a significant downturn from the $1.32 billion profit ... Read More
Prudential Financial partners with Dai-ichi Life to redefine insurance and investing
Prudential Financial, Inc. (NYSE: PRU) and Dai-ichi Life Holdings have announced a strategic collaboration aimed at strengthening their global presence in life insurance distribution and ... Read More
Prudential Financial, Warburg Pincus launch Prismic Life Reinsurance with $1bn initial investment
Prudential Financial, Inc. (NYSE: PRU) and Warburg Pincus have announced the formation of Prismic Life Reinsurance, Ltd., a Class E Bermuda-based reinsurance company. The venture ... Read More
FWD to acquire majority stake in Gibraltar BSN to foray into Malaysian life insurance market
FWD Group Holdings, a pan-Asian life insurance business, has agreed to acquire a majority stake in Gibraltar BSN Life Berhad to enter the Malaysian life ... Read More
Prudential to sell full-service retirement business to Empower for $3.5bn
Prudential Financial, Inc. has agreed to divest its full-service retirement business to Empower Retirement, a Denver-based retirement plan recordkeeping financial holding company, for $3.55 billion. ... Read More
Prudential Financial to sell Korean life insurance subsidiary to KB Financial
US insurance giant Prudential Financial has signed a deal worth around 2.3 trillion won ($1.9 billion) to sell The Prudential Life Insurance Company of Korea ... Read More
Prudential Financial wraps up $2.3bn acquisition of Assurance IQ
US financial services giant Prudential Financial has wrapped up its previously announced acquisition of US online insurance startup Assurance IQ, as per the latest insurance ... Read More
Prudential to acquire online insurance startup Assurance IQ for $2.3bn
Prudential acquisition of Assurance IQ : US financial services giant Prudential Financial has signed a deal worth $2.35 billion to acquire Assurance IQ, an online ... Read More