PRS

Prudential Financial, Inc. operates as a multinational financial services company providing insurance, investment management, and other financial products and services to both retail and institutional customers. Headquartered in Newark, New Jersey, the company was founded in 1875 and has grown into one of the largest life insurance companies in the United States. Prudential operates through eight primary segments: PGIM (its global investment management business), Retirement Strategies, Group Insurance, Individual Life, International Insurance, Closed Block, Corporate and Other operations. The company serves approximately 50 million customers globally and manages over $1.4 trillion in assets under management through PGIM. Prudential employs more than 40,000 people worldwide and maintains significant operations across the United States, Asia, Europe, and Latin America. The company's product portfolio includes life insurance, annuities, retirement-related services, mutual funds, and investment management services. Recent strategic initiatives include expanding its digital capabilities, growing its asset management presence through PGIM, and strengthening its position in workplace savings and retirement income solutions. In 2023, Prudential completed the separation of its full-service retirement business, Empower Retirement, as part of its ongoing portfolio optimization efforts. The company trades on the New York Stock Exchange and is a component of the S&P 500 index.