Prudential Financial INC is a financial services firm based in New Jersey, the United States.
The firm also operates as an investment management firm offering its services to global customers. It provides a variety of financial products and services, including mutual funds, annuities, life insurance, retirement and pension related services, asset management and administration services.
The financial company is listed on the New York Stock Exchange under the stock quote of ‘PRU’.
The portfolio of services include:
• Administrative and recordkeeping services
• actuarial consulting services
• tailored participant communication and education services
• consulting services in managing fiduciary obligations
The American company also provides fee-based products through which it holds customer funds in retail mutual funds, bank collective trusts, separate accounts, or institutional funds. In addition, it also offers GICs and different withdrawal benefit products.
The investment management firm provides various financial solutions, investment learning and tools, and provides personalized financial guidance. In addition, it claims to help the customers in making informed financial decisions through its team of financial professionals.
The financial services firm claims to distribute diversified insurance products and services through brokers, sales team and consultants in the United States.
Its portfolio of life insurance policies offers annual or monthly premium payment option. and such policies are known as non-flexible premium. Some life insurance policies flexible premiums that can be paid at different time period, the financial services firm claims.
The firm’s diversified life insurance offerings include:
• Survivorship Universal Life
• Universal life
• Indexed and Variable Universal Life
• Term life
The company also provides these life insurance policies on its online platform. In addition to life insurance, the financial services firm also provides health insurance services and plans, including health insurance for self-employed and unemployed, short term health insurance, and different medical plans.
The US-based firm claims to help people in planning expenses for their higher education, managing everyday payments, etc.
The firm claims to have US$1.72 trillion worth of asset under management as of December 2020. In addition, the diversified financial company claims to serve 50 million customers in more than 40 countries.
It operates through various subsidiaries, including PGIM, Prudential International Inc, Assurance IQ INC, PRUCO LLC, the Prudential Foundation, Prudential Equity Group LLC, PRUCO Inc, CenterMark Properties, PB Finance Ltd, Greenlee LLC, and Maricopa LLC.