Prudential PLC is a multinational financial services company based in London, United Kingdom. Founded in 1848, the company has a long and storied history in the insurance and financial sector. Originally established as The Prudential Mutual Assurance Investment and Loan Association, the company started as a mutual insurance provider, offering life insurance and savings products to individuals and families in the UK.
Over the years, Prudential expanded its operations and diversified its offerings. It grew to become one of the leading life insurance and financial services providers globally. Today, Prudential PLC operates across various segments, including life insurance, retirement solutions, investment management, and asset management.
The company's core business revolves around providing life insurance products, annuities, and pension plans. Additionally, Prudential offers a range of investment and wealth management solutions to individual and institutional clients, including mutual funds and other investment vehicles.
Prudential PLC is listed on the London Stock Exchange (LSE) under the ticker symbol "PRU" and is a constituent of the FTSE 100 Index, which comprises the 100 largest companies listed on the LSE. They also have a listing in the NYSE under the ticker “PUK”.
As part of its growth strategy, Prudential expanded its presence in various international markets. The company established a strong presence in Asia, with operations in countries such as Hong Kong, Singapore, Malaysia, Indonesia, and others. The Asian market has been a significant driver of Prudential's growth and profitability, contributing substantially to its overall business performance.
Prudential PLC's success can be attributed to its focus on providing comprehensive and reliable financial solutions to its customers. The company's commitment to innovation and customer-centric approach has allowed it to adapt to changing market dynamics and remain competitive in the financial services industry. With a rich history and a strong global presence, Prudential PLC continues to be a significant player in the insurance and financial services sectors.