Prudential Financial, Inc. operates in the financial services sector, providing insurance, retirement solutions, and asset management services to individuals, businesses, and institutional investors.

Headquartered in the United States, the company offers a broad range of financial protection and investment products designed to support long-term financial planning and retirement needs.

Its main areas of activity include:

• Life insurance products for individuals and groups.
• Retirement and annuity solutions designed for income planning and wealth protection.
• Investment management services through its global asset management division.
• Employee benefits and workplace financial solutions for corporate clients.

Prudential also operates PGIM, its global investment management business, which provides institutional asset management services across public and private markets.

The company serves clients across multiple regions and segments, including individual policyholders, corporate employers, pension funds, and institutional investors.

Industry conditions affecting Prudential include interest rate trends, financial market performance, demographic shifts related to aging populations, and regulatory developments in insurance and retirement planning.

Shares of Prudential Financial, Inc. trade on the New York Stock Exchange (NYSE) under the ticker PRU.

History and Development

Prudential Financial, Inc. was founded in 1875 in Newark, New Jersey, by John Fairfield Dryden under the name The Widows and Orphans Friendly Society.

The organization initially focused on providing affordable life insurance to working-class families during a period of rapid industrial growth in the United States.

In 1902, the company adopted the name Prudential Insurance Company of America, expanding its offerings and strengthening its national presence.

Throughout the 20th century, Prudential diversified into retirement services, annuities, and investment products, while expanding internationally, particularly in Asia.

In 2001, the company completed its demutualization and initial public offering (IPO) on the New York Stock Exchange, becoming a publicly traded financial services corporation.

Since then, Prudential has continued to expand its global investment management operations and retirement-focused financial solutions, positioning itself as a major provider of insurance and asset management services.