Prudential Financial, Inc., commonly known as Prudential, is an American financial services company that provides a wide range of insurance, investment, and retirement solutions. The company was founded on May 24, 1875, by John F. Dryden as The Prudential Friendly Society in Newark, New Jersey. It was originally established to provide affordable life insurance to working-class individuals. Over the years, Prudential expanded its offerings and became one of the largest and most well-known insurance and financial services providers in the world.
Prudential's primary business segments include Individual Solutions, offering life insurance, annuities, and retirement products for individuals and families; Group Insurance, providing group life, disability, and voluntary insurance plans for employers; and Investment Management, offering a diverse range of investment products and services to institutional and retail clients.
One of Prudential's exceptionally noteworthy achievements was its role in providing life insurance to American soldiers during World War I. Prudential issued over 12 million insurance policies to military personnel, which greatly contributed to its growth and solidified its position as a leading life insurance provider.
Prudential Financial is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "PRU." It is a component of various stock market indices, including the S&P 500, and is widely regarded as a stable and reputable financial institution. Over the years, Prudential has earned numerous awards and recognitions for its financial strength, customer service, and commitment to innovation in the insurance and financial services industry.