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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Products Offered


General Information
Websitehttp://www.prudential.com
TypeInsurance Company
Founded1875
Ownership
CountryUSA
Contact Information
AddressOne Corporate Drive
Shelton, CT 06484
Phone888-778-2888
Fax

Information & Articles about Prudential

There are many concerns about inflation in light of recent government stimulus programs, but deflation can also be a concern for owners of annuities.

In the UK, owners of inflation linked annuities are being impacted by the biggest monthly drop in the retail price index since 1948:

"Standard Life has already written to its 25,000 customers with RPI-linked annuities to warn them that their income is set to fall, and similar annuities from Prudential will also pay out less."

Source: Financial Times

Full Story

3,277 reads

Barrons--a weekly trade publication for the investment community--has written favorably on parts of the U.S. life insurance sector over the past several months.  

In particular, Barrons had singled-out perceived opportunities with shares of Hartford Financial Services Group and Prudential Financial.  

The publication remains bullish on several of the companies that were recently approved for TARP funds. 

In addition to Hartford and Prudential, Barrons has favorable views of Allstate and the Principal Financial Group.

Barrons believes that the TARP funding is a big positive for the sector in general.

Source: Barrons (subscription required)

Full Story

3,322 reads

Prudential Financial and Ameriprise Financial have both indicated that they will decline funds that are available to them through the U.S. Treasury's TARP program.

$22 billion in TARP funds are available to six life insurers: Hartford Financial Services Group, Prudential Financial, Principal Financial Group, Lincoln National, Allstate and Ameriprise Financial.

Hatford Financial Group is in the final stages of accepting $3.4 billion in funding while Lincoln National is likely to accept $2.5 billion.

Capital market conditions have improved somewhat over the past several weeks.  The improved conditions benefit all life insurers who have meaningful annuity--particularly variable annuity--businesses.

Declination of TARP funds by Prudential and Ameriprise may be seen by industry analysts as a sign of relative strength.

Source: Wall Street Journal (subscription required)

4,388 reads

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