Media Contact:

Retirement
Josh Stoffregen / 973-802-3996 / josh.stoffregen@prudential.com

April 11, 2019

Prudential expands financial wellness capabilities to address Americans’ most pressing financial needs

NEWARK, N.J., April 11, 2019 - Prudential Financial, Inc. announced the introduction of a range of new financial wellness solutions to help address the most pressing financial challenges facing American consumers.

April 10, 2019

We’re average students, getting a “C” when it comes to understanding finances, Americans say

NEWARK, N.J., April 10, 2019 - More than half of Americans say they’d earn a “C” or lower when it comes to financial literacy, according to a new survey conducted by Harris Poll on behalf of Prudential Financial, Inc. (NYSE: PRU).

March 20, 2019

Westchester County taps Prudential to manage $607 million in retirement assets

NEWARK, N.J, March 20, 2019 - Westchester County selected Prudential Retirement as record keeper for its deferred compensation retirement plan. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

January 29, 2019

Lockheed Martin transfers $1.8 billion in pension obligations to Prudential Retirement

NEWARK, N.J., January 29, 2019 - Lockheed Martin Corporation (NYSE: LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). Approximately 32,000 of Lockheed Martin’s retirees will receive their monthly pension benefit payments from Prudential as part of this buy-out agreement.

January 14, 2019

Prudential chosen as public sector retirement plan provider for City of Santa Ana and Ohio Association of Professional Fire Fighters

NEWARK, N.J., January 14, 2019 - The City of Santa Ana (California) and the Ohio Association of Professional Fire Fighters have both selected Prudential Retirement as recordkeeper for their public sector retirement plans, reflecting the demand for customized financial wellness solutions among public employees. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

October 31, 2018

Kelsey-Seybold Clinic taps Prudential to manage $413 million in retirement assets

NEWARK, N.J., October 31, 2018 - Kelsey-Seybold Clinic, a Houston-based multispecialty group practice, chose Prudential Retirement as record keeper for its retirement plans.

October 23, 2018

Blue Cross and Blue Shield of Nebraska selects Prudential Retirement to oversee $138M retirement plan

NEWARK, N.J., October 23, 2018 - Blue Cross and Blue Shield of Nebraska, an independent licensee of the Blue Cross and Blue Shield Association, hired Prudential Retirement to serve as the new provider for its 401(k) retirement plan. Prudential Retirement, among the industry’s largest record keepers, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

October 18, 2018

Prudential Financial closes $3.2 billion in new longevity reinsurance agreements, signaling healthy growth in the U.K. pension risk transfer market

NEWARK, N.J., October 18, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), has concluded $3.2 billion in previously undisclosed longevity reinsurance contracts, a further sign that pension de-risking activity in the U.K. is continuing at a brisk pace. As part of these transactions, The Prudential Insurance Company of America (PICA) assumes the longevity risk for approximately 13,200 retirees.

October 04, 2018

Prudential to oversee retirement plan for Norwegian Cruise Line Holdings Ltd.

NEWARK, N.J., October 04, 2018 - Prudential Retirement, among the industry’s largest record keepers, has been selected to oversee the 401(k) retirement plan for Norwegian Cruise Line Holdings Ltd. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

October 01, 2018

International Paper agrees to transfer $1.6 billion in pension liabilities to Prudential Retirement

International Paper (NYSE: IP) will settle approximately $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). As part of this agreement, Prudential will assume the responsibility for paying pension benefits to about 23,000 of International Paper’s retirees.