Prudential to sell Prudential of Korea for $1.9 billion [MarketWatch]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: MarketWatch
Prudential Financial Inc. said Friday that it has agreed to sell its Prudential Life Insurance Company of Korea Ltd. business for 2.3 trillion Korean won, or $1.9 billion, to KB Financial Group Inc. The deal is expected to close by the end of 2020. "This transaction is consistent with Prudential Financial's strategic focus internationally on Japan and higher-growth emerging markets around the world," Prudential said in a statement. Prudential said it expects to use the proceeds from the sale for general corporate purposes. The stock has dropped 37.4% year to date, while the SPDR S&P Insurance ETF has declined 21.9% and the S&P 500 has lost 13.7%.
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PRU
Earnings
- 2/3/26 - Miss
PRU
Sec Filings
- 4/14/26 - Form 8-K
- 4/13/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- PRU's page on the SEC website