When Prudential Financial started out, it was known as The Widows and Orphans Friendly Society, before becoming the Prudential Friendly Society. Back then, the company only sold burial insurance. Much of what helped Prudential Financial grow though came at the turn of the 20th century from profits earned by industrial life insurance. From being a mutual insurance company, it evolved to become a joint stock company, which started trading in 2001 on the New York Stock Exchange.
Prudential Financial started out in 1875. With more than 135 years of experience under its belt, the company has been helping institutional and individual customers grow and protect their assets, working with a team of 48,000 passionate employees and hundreds of subsidiaries across the globe. And as one of the largest financial services institutions in the world, operations in 38 countries and territories translate to $1.107 trillion in assets being managed. Principal products and services offered include annuities, life insurance, mutual funds, retirement- and pension-related investments, asset administration and management, residential and commercial real estate (in the US), and securities brokerage.
When Prudential Financial started out, it was known as The Widows and Orphans Friendly Society, before becoming the Prudential Friendly Society. Back then, the company only sold burial insurance. Much of what helped Prudential Financial grow though came at the turn of the 20th century from profits earned by industrial life insurance. From being a mutual insurance company, it evolved to become a joint stock company, which started trading in 2001 on the New York Stock Exchange.
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January 2016
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