PFH

Prudential Financial, Inc. operates as a multinational financial services company providing insurance, investment management, and other financial products to individual and institutional customers. Headquartered in Newark, New Jersey, the company traces its origins to 1875 and serves approximately 50 million customers across the United States and over 40 countries. Prudential operates through eight primary divisions: PGIM (its global investment management arm with approximately $1.3 trillion in assets under management), U.S. Businesses, International Businesses, and Closed Block division. The company offers life insurance, annuities, retirement-related services, mutual funds, and investment management products. Its PGIM division ranks among the largest investment managers globally, serving institutional and retail clients. Prudential maintains significant market presence in Japan through its life insurance operations and operates employee benefits businesses serving U.S. corporations. The company employs approximately 40,000 people worldwide. Recent strategic initiatives include digital transformation efforts to enhance customer experience, expansion of its workplace solutions business, and sustainable investing commitments through PGIM. In 2023, Prudential completed the separation of its full-service retirement business Empower Retirement through a transaction valued at $3.55 billion, allowing the company to focus on higher-growth segments including asset management and international insurance operations. The company continues trading on the New York Stock Exchange under the ticker symbol PRU.