Science Fair Project Encyclopedia
Prudential Financial
This article refers to Prudential Financial, based in the United States. See Prudential plc for information about the UK based company.
Prudential Financial, Inc. and its subsidiaries provide insurance, investment management and other financial products and services to both retail and institutional customers throughout the United States and in over 30 other countries. Principal products and services provided include life insurance, annuities, mutual funds, pension- and retirement-related investments and administration and asset management. In addition, the Company provides securities brokerage services indirectly through a minority ownership in a joint venture. It has organized its principal operations into the Financial Services Businesses and the Closed Block Business. In April 2004, the Company acquired the retirement business of CIGNA Corporation .
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Diversity
Prudential received a 100% rating on the Corporate Equality Index released by the Human Rights Campaign starting in 2003, the second year of the report. In addition, the company was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.
History
Started in Newark, New Jersey (USA) in 1875, Prudential Financial, as it is known today, was originally called the "Friendly Assurance Company" and was founded by John Dryden. It sold one product, industrial life insurance.
A history of The Prudential Insurance Company of America up to about 1975 is the topic on a book entitled "Three Cents A Week"; referring to the premium paid by early policyholders.
Prudential's logo, The Rock of Gibralter , is one of the most recoginized corporate symbols in the world. Slogans "Own a Piece of the Rock" and "Strength of Gibralter" are also still quite widely associated with The Prudential.
Prudential has evolved from a mutual insurance company (owned by its policyholders) to a stock company. It is now traded on the New York Stock Exchange under the symbol PRU.
Prudential is comprised of hundreds of subsidiaries and in 30 countries. It hold more than $1.9 trillion dollars of Life insurance.
See also
External links
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