PRU news

Prudential Financial has entered definitive agreements to sell its units in Brazil and Mexico to CNP Assurances Group for $4.025 billion. The deal advances the company's exit from emerging markets and reflects disciplined capital allocation.

Effective Q3 2026, Prudential Financial exited certain Emerging Markets businesses, which were moved to Other and run-off, while its International Businesses segment was renamed to 'Japan Businesses' and AFP Habitat ownership moved to the Retirement segment.

The FSA extended the suspension period for Prudential of Japan until January 31, 2027, and ordered business improvement plans. Markets will focus on the financial impact and path forward.

Prudential Life Insurance Co. published a full report regarding inappropriate monetary conduct by sales employees while announcing structural reforms to ensure customer-centric operations and prevent recurrence.

Prudential Life Insurance Co. Ltd. and Gibraltar Life Insurance Co., Ltd. updated stakeholders on the status of a 3.08 billion yen reimbursement program for affected customers as of July 8. The company reported that review and reimbursement were completed for 437 individuals with 2.85 billion yen, w…

Prudential Financial priced $750 million of fixed-to-fixed reset rate junior subordinated notes maturing in 2056 with a 6.250% coupon. The offering was underwritten by Wells Fargo, Barclays, Citigroup, Goldman Sachs, and J.P. Morgan Securities.