Annuities
Prudential Financial launches FlexGuard Life, a next-generation life insurance product that goes beyond death benefits
Prudential FlexGuard® Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers’ changing life insurance needs.
Prudential FlexGuard® reaches $10B total sales milestone at record pace
Amid market volatility, Prudential’s innovative investment strategy meets increased need for asset protection
Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities
Marks key step in executing on Prudential’s strategy, while maintaining consistent experience for customers.
Prudential Financial to sell $31B PALAC block of legacy variable annuities to Fortitude Re
Prudential Financial, Inc. and Fortitude Group Holdings, LLC have entered into a definitive agreement under which Prudential will sell a portion of its in-force legacy variable annuity block to Fortitude Re.
Prudential launches FlexGuard Income indexed variable annuity – a new investment and income strategy with enhanced flexibility and control
Prudential Financial Inc. today launched FlexGuard® Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement.
Prudential’s FlexGuard indexed variable annuity adds Invesco QQQ ETF and BlackRock iShares Russell 2000 ETF as options
NEWARK, N.J., April 1, 2021 – Prudential Financial, Inc. (NYSE: PRU) added two of the largest exchange-traded funds (ETFs)—the Invesco QQQ ETF (NASDAQ: QQQ), which tracks the Nasdaq-100 Index, and the BlackRock iShares Russell 2000 ETF (NYSE: IWM)—as options within the crediting strategies of Prudential’s FlexGuard® indexed variable annuity.
Prudential Financial announces leadership succession for U.S. Businesses
NEWARK, N.J., August 29, 2019 - Prudential Financial, Inc. (NYSE:PRU) today announced that Andrew Sullivan will succeed Stephen Pelletier as executive vice president and head of U.S. Businesses, reporting to Chairman and CEO Charles Lowrey, effective December 1. Pelletier will retire following an extraordinary 27-year career with the company, in which he led Group Insurance and Prudential Annuities, and founded Prudential’s international asset management businesses, now PGIM Global Partners.
Fixed indexed annuity expands Prudential’s commitment to growing and protecting wealth
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Annuities, the domestic annuity business of Prudential Financial, Inc. (NYSE:PRU), has launched the PruSecure Fixed Indexed Annuity. This is a single-premium, long-term protection solution that earns interest based on stock market performance and/or a fixed rate, with zero exposure to market downturns.
The Board of Trustees of Prudential Insurance Funds appoints new independent trustee
NEWARK, N.J., Jan 22, 2018 – Stephen M. Chipman has been named an independent director for Prudential’s Insurance Funds board of trustees. The Prudential Insurance Funds have approximately $179 billion in assets in over 107 mutual funds across its annuities and insurance businesses.
Prudential places customers at its structural core; announces new leadership architecture for U.S. businesses
NEWARK, N.J., July 20, 2017 - Prudential Financial, Inc. (NYSE:PRU) today announced a new organizational structure for its U.S. businesses that extends its customer reach and facilitates pathways to new markets. The structure better reflects the company’s strategic focus on leveraging its mix of businesses and its digital and customer engagement capabilities to expand its value proposition for the benefit of customers and stakeholders.