Company Profile - Prudential Financial Inc

Introduction

Prudential Financial Inc (Prudential) is a provider of financial products and services such as retirement-related services, annuities, life insurance, investment management and mutual funds. Its offerings include individual variable annuity, fixed annuity, individual variable life insurance, term life insurance, group life insurance, long-term and short-term group disability insurance and universal life insurance products. It also offers pension risk transfer solutions, guaranteed investment contracts, structured settlement annuities, investment-only stable value products, funding agreements, and administrative services for qualified and non-qualified retirement plans. It provides these products and services to individuals and institutional customers through proprietary and third-party distribution networks. The company operates in North America, Europe, and Asia. Prudential is headquartered in Newark, New Jersey, the US. The company reported direct premiums of US$36,193 million for the fiscal year ended December 2022 (FY2022), an increase of 14.5% over that in FY2021. Its net premiums were US$38,019 million in FY2022, an increase of 9.2% over that in FY2021.