Prudential Financial, Inc

Industry: Finance Investment Banks

Fortune Rank: 65

Prudential Financial, Inc. operates as a financial services institution in the United States. It offer various products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises, and relocation services. The company operates through three divisions: Insurance, Investment, and International Insurance and Investments. The Insurance division offers variable life insurance, term life insurance, universal life insurance, and non-participating whole life insurance. The Investment division provides public equity and fixed income asset management, real estate asset management, and private equity and fixed income asset management services. The International Insurance and Investments division distributes individual life insurance products in Japan, Korea, and other foreign markets. Prudential Financial operates in approximately 30 other countries. The company was founded by John Dryden in 1875 and is headquartered in Newark, New Jersey.

On the date of demutualization, Prudential Insurance converted from a mutual life insurance company owned by its policyholders to a stock life insurance company and became an indirect, wholly owned subsidiary of Prudential Financial. On that date, eligible policyholders, as defined in the Plan of Reorganization, received shares of Prudential Financial's Common Stock or the right to receive cash or policy credits, which are increases in policy values or increases in other policy benefits, upon the extinguishment of all membership interests in Prudential Insurance. In the aggregate, eligible policyholders received 457.1 million shares of Common Stock, the right to receive cash totaling $3,487 million, including $340 million to former Canadian branch policyholders, and policy credits totaling $1,042 million in the demutualization. In addition, two closed blocks were established for the benefit of certain participating individual life insurance policies and annuities issued by Prudential Insurance and its Canadian branch.

Prudential Financial, Inc

Prudential Financial, Inc is a Fortune 500 company. In 2010 Prudential Financial, Inc was ranked number 65 on the Fortune 500 list, making it the 65th largest company in the United States when judged by revenue.

Prudential Financial, Inc achieved revenue of $32,688.00 million in 2010 and earned a profit of $3,124.00 million.

Prudential Financial, Inc' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 65th compared to 84th in 2009. This was based on its 2009 revenue of $29,275 million (a change of 3 million compared to 2010) and profits of $-1,073 million (a change of $4 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Prudential Financial, Inc would be ranked 44th rather than 65th due to its profits of $3,124 in 2010.

Prudential Financial, Inc Revenue* Profit* Fortune Ranking

* US$ Million

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