Prudential Financial, Inc. is a diversified financial services company based in Newark, New Jersey, founded in 1875. It specializes in insurance, investment management, and retirement solutions, offering a wide range of products to both individuals and institutions. The company operates through various segments, including Retirement, Group Insurance, and Individual Annuities, providing services such as life insurance, disability coverage, and retirement planning for diverse markets. Prudential also manages investment assets across public and private equity, fixed income, and real estate. While it primarily serves customers in the United States, it has a notable presence in international markets, particularly in Japan and Korea. Through its proprietary and third-party distribution networks, Prudential Financial aims to help clients grow and protect their wealth while fostering an inclusive work environment for its employees.
Chairman, CEO and Member of the Executive Committee
Jim Pogue
Vice President Group Life, AD&D, International and SGLI, Prudential Insurance
Past deals in Life Insurance
Prismic Life Reinsurance
Private Equity Round in 2023
Prismic Life Reinsurance is a U.S.-based company specializing in life and annuity reinsurance. It offers a range of services, including actuarial, pricing, and underwriting support, to health insurers, managed care organizations, and self-funded employers. The company's expertise lies in employer stop loss, medical excess, provider excess, and NextGen ACOs, enabling it to provide managed care services, capital management solutions, and market analysis reports. Its mission is to facilitate access to investing, insurance, and retirement security for individuals.
Alexforbes
Private Equity Round in 2022
Alexander Forbes is a global provider of integrated financial, risk, and insurance solutions, focusing on retirement, investment, life, and asset protection services. The company operates through two main platforms: institutional and retail. Its various segments, including Investment Solutions, AF Financial Services, and AF Insurance, cater to a diverse clientele comprising retirement funds, corporations, trustees, unions, individuals, and dependents. Alexander Forbes offers a wide range of products and services, including consulting and advisory related to actuarial matters, asset management, investment strategies, and beneficiary funds. By delivering tailored financial solutions, the company aims to help clients effectively create, grow, and protect their wealth and assets.
PT Asuransi Jiwa Mega Indonesia
Funding Round in 2017
PT Asuransi Jiwa Mega is a life insurance provider based in Jakarta, Indonesia. Established in 2011, the company specializes in offering a range of personal insurance services, including life and health insurance products. It operates as a subsidiary of PT CT Corp, aiming to meet the insurance needs of individuals in the Indonesian market. Through its services, PT Asuransi Jiwa Mega strives to provide comprehensive coverage and financial security to its clients.
InforcePRO
Series A in 2015
InforcePRO specializes in online policy management software that automates the management of life insurance policies for agents and distributors. The platform aggregates insurance policy and policyholder data, along with contract performance information and live market quotes, allowing users to monitor and analyze millions of in-force policies. By enhancing revenue potential and providing liability protection for both orphan and active books of business, InforcePRO enables insurance professionals to increase sales, minimize compliance risks, and improve client satisfaction.
Gibraltar BSN Life
Acquisition in 2014
Gibraltar BSN is a life insurance company based in Kuala Lumpur, Malaysia, offering a range of affordable insurance products, including life, medical, critical illness, and savings and investment plans. The company aims to provide relevant protection solutions to Malaysians across various demographics. By combining international insights with local market expertise, Gibraltar BSN delivers comprehensive life insurance services tailored to meet the diverse needs of its customers.
AIG Star
Acquisition in 2010
AIG Star Life Insurance Co. Ltd. provides life insurance coverage and retirement pension plans to the individual and group policyholders.
AIG Edison
Acquisition in 2010
AIG Edison Life Insurance Company provides life insurance products and services in Japan.
China Pacific Insurance (Group) Co., Ltd. is a prominent insurance provider in China, established in 1991 and headquartered in Shanghai. The company operates through several segments, including Life Insurance, Property and Casualty Insurance, and Other Businesses. It offers a wide range of insurance products, such as life, health, accident, liability, credit and guarantee, short-term health, casualty, and property insurance, as well as agricultural insurance and pension products. Additionally, China Pacific Insurance is engaged in asset management, providing consulting services, and involved in property management and hotel operations. The company utilizes various distribution channels, including direct sales, insurance agents, brokers, bancassurance, telemarketing, and online sales. As one of the largest insurers in China, it aims to deliver sustainable growth and value for its customers, shareholders, and the broader community.
Aoba Life Insurance Company
Acquisition in 2004
Aoba Life Insurance Company Ltd. operates as a life insurance company that provides whole life, endowment, term, and group insurance products.
The Gibraltar Life Insurance Co.
Acquisition in 2001
Gibraltar Life Insurance Co., Ltd. is an insurance company located in Tokyo, Japan, established in 2001. The company specializes in providing a range of life insurance products and services tailored to individual and group needs. Its offerings include individual life insurance and indemnity health coverage, individual annuities, group life insurance, and group annuities. Additionally, Gibraltar Life collaborates with partnered banks to offer fixed annuities. The management of the company’s assets is overseen by its executive management team, ensuring effective administration and growth of its financial portfolio.
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