Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has successfully closed $1.7 billion in new longevity reinsurance transactions during the first half of the year, attributing success to pivoting quickly to virtual closings during the COVID-19 global pandemic and a vibrant smaller end of the U.K. pension buy-in and buy-out market.
Furthering work to drive the crucial collaboration required to solve systemic societal issues, Prudential made a $10 million contribution to the Financial Solutions Lab, a new initiative by the Financial Health Network, a nonprofit organization that brings together diverse industry innovators to remove barriers to financial wellness, specifically in underserved markets.
Prudential Financial, Inc. (NYSE: PRU) released its 2019 sustainability report, organized by the company’s five capitals of sustainability: corporate governance, business model and innovation, human capital, social capital and environment.
Prudential was founded on the principle of equity—that financial security should be within reach for everyone. And yet, we haven’t always been on the right side of history with Black consumers. We know we have much important work to do.
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