The L series variable annuity from Prudential is supposed to provide some...
Prudential
Prudential Financial is a leading financial services company with approximately $942 billion in assets under management.
With over 50,000 employees, Prudential has operations in the United States, Europe, Asia and Latin America. The company has been in business for 136 years and is currently a listed company on the New York Stock Exchange.
Prudential Financial offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. Prudential is a leading provider of variable annuities in the United States.
Prudential's wide range of insurance and investment-related products and services enables the company to address the wealth growth and protection needs of millions of financial services consumers around the world.
| Prudential Product Reviews |
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Product Review of Prudential Premier Retirement Variable Annuities B Series
The B series has a fee structure that is lower than the other variable... Product Review of Prudential Premier Retirement Variable Annuities X Series
There are actually some pretty compelling liquidity features that come with... Product Review of Prudential Premier Retirement Variable Annuities X Series
There are 4 variable annuities that are part of the Premier Retirement VA... |
| Products Offered |
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| General Information | |
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| Website | http://www.prudential.com |
| Type | Insurance Company |
| Founded | 1875 |
| Ownership | |
| Country | USA |
| Contact Information | |
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| Address | One Corporate Drive Shelton, CT 06484 |
| Phone | 888-778-2888 |
| Fax | |
Information & Articles about Prudential
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Assets in variable annuities in the United States increased at a relatively strong pace in the three month period ending June 30, 2009. Assets increased to $1.19 trillion from $1.07 trillion. Much of the increase in assets appears to be attributable to the recovery in capital markets rather than strong sales of new products. MetLife was in the top spot followed by Prudential. Source: Bloomberg |
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Prudential Financial announced quarterly earnings that exceeded analyst estimates. Second quarter net income for the company was $163 million. Prudential's individual annuity business posted strong results. Individual annuity gross sales increased 21 percent to $3.4 billion for the quarter. Adjusted operating earnings in the individual annuity business were $432 million. Source: Bloomberg |
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Variable annuity sales in the United States continue to decline in the wake of the financial crisis and capital market turmoil. First quarter sales of variable annuities totaled $30.4 billion. This represents a 26% decrease from the same period a year ago. Total variable annuity sales for 2008 totaled $154.8 billion, a drop of 15.1% from 2007. The top 5 variable annuity companies in terms of revenue were lead by MetLife:
Source: Trading Markets
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