Prudential Financial, Inc. (NYSE: PRU) is an American Fortune Global 500 company with subsidiaries that provide insurance, retirement planning, investment management, and other services to customers. The company has operations in over 40 countries and serves both retail and institutional customers. Its products and services are available in over 40 languages.
As of the end of 2018, the company managed $1.377 trillion in assets. It offers investment management, life insurance, annuities, and retirement planning to customers around the world. Prudential Financial provides retirement planning, mutual funds, and investment management solutions for individuals and businesses. It also offers investment-only stable-value products, asset management, and other financial products.
Assurance IQ, LLC is a wholly-owned subsidiary of Prudential Financial, Inc. It matches buyers with insurance products through an online platform and through agents. Assurance IQ does not issue, underwrite, or administer health insurance policies. Instead, it matches buyers to policies that match their needs.
Founded in 1875, Prudential Financial, Inc. is one of the oldest and largest financial service providers in the United States. It was one of the first companies to offer affordable life insurance to Americans. It operates through three main business segments: Retirement Solutions & Investment Management, Individual Life & Group Insurance, and Investment Management.
Investing in impact is a key part of Prudential’s mission. It invests its money in companies that are creating positive change in the world. The company has an in-house impact investing team, reporting to senior leaders. This team leverages the company’s investment management capacity and expertise to create impact investment opportunities. The impact investment team also works with mainstream asset managers to migrate certain impact investment theses into traditional strategies.
Several of its subsidiaries operate outside the United States. For example, the Prudential Home Mortgage Company in the United States has a home mortgage division, Prudential Home Mortgage Securities Company in Taiwan. Prudential Insurance Company of Taiwan and Korea offers life insurance. Another Prudential company is Prudential International Insurance Services. Its Luxembourg holdings include Prudential Apolo Servicios, S.A.
Impact investing is a natural fit for institutional investors. Unlike most private investors, institutional investors generally have longer-term payoffs and larger capital. These investors have a greater civic responsibility and stake in society’s well-being. Prudential’s social theses are long-term and align with their risk profile. Impact investing is fundamentally about investing in areas where the market would not automatically go.
