Prudential Financial - M&A Summary and Business Overview

InsuranceCompany

Prudential Financial M&A Summary

Prudential Financial has acquired 6 companies, including 3 in the last 5 years. It has also divested 9 assets.

Prudential Financial’s largest acquisition to date was in 2019, when it acquired Assurance IQ for $2.4B. It’s largest disclosed sale occurred in 2021, when it sold Prudential Financial - Full-Service Retirement Business to Empower Retirement for $3.6B. Prudential Financial has acquired in 2 different US states, and 5 countries. The Company’s most targeted sectors include insurance (100%).

Prudential Financial Business Overview

Where is Prudential Financial headquartered?

Prudential Financial is headquartered in Newark, New Jersey.

What is Prudential Financial’s revenue?

Prudential Financial disclosed revenue of 60,050M USD for 2022 and 70,934M USD for 2021.

How many employees does Prudential Financial have?

Prudential Financial has 41,671 employees.

What sector is Prudential Financial in?

Prudential Financial is an insurance company.

When was Prudential Financial founded?

Prudential Financial was founded in 1875.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity6
    • M&A Sell Activity9
  • Total Sectors Invested 1
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 13
  • M&A Advisors 6

Prudential Financial

Prudential Financial, Inc.

751 Broad Street,
Newark, New Jersey 07102
United States,
(973) 802-6000
www.prudential.com

Prudential Financial is a provider of arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Prudential Financial was founded in 1875 and is based in Newark, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 1 - 1 - - 6
vol $3.0B $1.9B $4.9B
Sell (0.6/yr) # 6 1 2 - - - 9
vol $699M $3.6B $4.2B
  15

Most Recent M&A

Company Date Value Type
Alexander Forbes Group Holdings Ltd. 2022-03-18 - Stake Purchase
Sandton, South Africa · www.alexanderforbes.co.za
Fortitude Life Insurance & Annuity Co. 2021-09-15 - Divestiture
Shelton, Connecticut
Prudential Financial - Full-Service Retirement Business 2021-07-21 3.6B USD Divestiture
Newark, New Jersey
Prudential Life Insurance Company of Taiwan, Inc. 2020-08-11 - Divestiture
Taipei City, Taiwan · www.prulife.com.tw
Prudential Life Insurance Co., Ltd. 2020-04-10 1.9B USD Divestiture
Seoul, South Korea · www.prudential.co.kr
Assurance IQ, Inc. 2019-09-05 2.4B USD Add-on Acquisition
Bellevue, Washington · www.assurance.com
Pramerica Życie TUiR SA 2018-01-23 - Divestiture
Warszawa, Poland · www.pramerica.pl
Prudential Kenya 2014-09-16 - Add-on Acquisition
Nairobi, Kenya · www.shieldassurance.co.ke
Hartford Financial - Insurance Arm 2012-09-27 615M USD Divestiture
, United States
AIG Edison Life Insurance Co. 2011-02-01 - Divestiture
Tokyo, Japan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 6 (100%) 4.9B (100%) 6 (67%) 540M (13%)
Financial Services - - 2 (22%) 159M (4%)
Business Services - - 1 (11%) 3.6B (84%)
Total 6 $4.9B 9 $4.2B

By Geo

State/Country Buy Value Sell Value
United States 2 3.0B 5 4.1B
  Washington 1 2.4B - -
  New York - - 1 -
  New Jersey - - 1 3.6B
  Georgia - - 1 -
  Florida - - 1 540M
  Connecticut - - 1 -
Canada - - 1 159M
Japan 1 - - -
Kenya 1 - - -
Poland - - 1 -
South Africa 1 - - -
South Korea 1 1.9B - -
Taiwan - - 1 -
United Kingdom - - 1 -
Domestic 2 (33%) 3.0B (61%) 5 (56%) 4.1B (96%)
Cross-border 4 (67%) 1.9B (39%) 4 (44%) 159M (4%)
Total 6 $4.9B 9 $4.2B

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
2
Lazard Ltd.
1
Goldman Sachs
1
Legal Deals
Debevoise & Plimpton
2
Cliffe Dekker Hofmeyr
1
Sidley
1

Deal Values

buy # Total
> $1B 2 $4.3B
$100M to $1B 1 $615M
TOTAL $4.9B
Largest Assurance IQ, Inc.
$2.4B (2019-09-05)
sell # Total
> $1B 1 $3.6B
$100M to $1B 2 $699M
TOTAL $4.2B
Largest Prudential Financial - Full-Service Retirement Business
$3.6B (2021-07-21)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
3 (50%)
Divested to
Strategic(s)
100%
9 (100%)

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