Prudential Financial offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, real estate brokerage franchises, and relocation services.
Prudential conducts business through three divisions: the U.S. Retirement Solutions and Investment Management Division, the U.S. Individual Life and Group Insurance Division and the International Insurance and Investments Division.
Prudential has offices in 37 countries in North America, Latin America, Europe and Asia.
In 2009, the company reported total revenues of $27.7 billion, a 7% increase, and net income of $1.26 billion. The company had $690 billion in assets under management as of June 30, 2010.
The Prudential Friendly Society was founded in 1875 by insurance agent John Fairfield Dryden in a basement office at 812 Broad Street in downtown Newark, N.J. It was the first company in the U.S. to make life insurance available to the working-class. The company sold Industrial Insurance, which provided funeral and burial expenses for low-income families, with some weekly premiums as low as three cents.
Four years later, Prudential's sales extended beyond New Jersey, into New York City and Philadelphia, and the company's customer base expanded to the newly emerging middle class. With growing sales, assets reached $1 million, and in 1885, the one-millionth policy was sold to John Dryden. Renamed "The Prudential Insurance Company of America," Prudential later adopted The Rock of Gibraltar as its company symbol, reflecting the strength and security it offered to customers.
The company was demutualized in 2001 and went public on the New York Stock Exchange.
Health Care Programs - Including medical, dental and vision.
Personal Protection Programs - Including life insurance; accident insurance; disability insurance; long-term care insurance; and access to professional legal assistance through Prudential's LegalCare Program.
Capital Accumulation Program - Including the Prudential Cash Balance Pension Plan and the Prudential Employee Savings Plan, in which the company currently matches 100% of your before-tax contributions, up to a maximum of 4% of your eligible earnings (subject to Internal Revenue code limits) after your one-year anniversary).
Flex Credit - An amount provided by Prudential to be automatically applied toward your benefits costs.
Flexible Spending Accounts - For health care and dependent care.
Additional Plans and Programs - Including vacation, parental leave, tuition refund, industry study programs, and our extensive Work/Life benefits.
Updated August 12, 2010