Prudential Financial, Inc.
Prudential Financial, Inc. provides financial services with operations in the United States, Asia, Europe and Latin America. The company, through its subsidiaries offers financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. It offers products and services to individual and institutional customers through proprietary and third party distribution networks. The company has organized its principal operations into two: Financial Services businesses and Closed Block business. The Financial Services Businesses operates through three operating divisions: U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance, which together encompass six reportable segments. The U.S. Retirement Solutions and Investment Management division consists of the Individual Annuities, Retirement, and Asset Management segments. The Individual Annuities segment manufactures and distributes individual variable and fixed annuity products, primarily to the U.S. mass affluent market. The Retirement segment manufactures and distributes products and provides administrative services for qualified and non-qualified retirement plans and offers guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities and group annuities. The Asset Management segment provides a broad array of investment management and advisory services by means of institutional portfolio management, mutual funds, asset securitization activity and other structured products, and proprietary investments. The U.S. Individual Life and Group Insurance division consists of the Individual Life and Group Insurance segments. The Individual Life segment manufactures and distributes individual variable life, term life and universal life insurance products primarily to the U.S. mass middle, mass affluent and affluent markets. The Group Insurance segment manufactures and distributes a full range of group life, long-term and short-term group disability, long-term care and group corporate, bank and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee and membership benefit plans. The International Insurance and Investments division consists of the International Insurance segments which manufactures and distributes individual life insurance, retirement and related products to the mass affluent and affluent markets in Japan, Korea and other foreign countries through its Life Planner operations. The company was founded by John Fairfield Dryden in 1875 and is headquartered in Newark, NJ.