Prudential Financial completes sale of Taiwan business to Taishin Financial
06/30/2021 - 07:00 AM
Prudential Financial, Inc. (NYSE: PRU) announced today the completion of its sale of Prudential of Taiwan to Taishin Financial Holding Co., Ltd., following a successful regulatory review.
Under the terms of the agreement, announced on August 11, 2020 , Prudential Financial sells 100% of its life insurance business in Taiwan.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU ), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com .
About Taishin Financial Holding Co., Ltd.
Taishin Financial Holding Co., Ltd. is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The company operates through three business segments: the Banking Businesses segment, the Securities Businesses segment, and the Others segment. The company is also involved in futures trading, venture capital, insurance brokerage and other finance-related businesses. For more information, please visit taishinholdings.com.tw .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005477/en/
Prudential Financial Inc.
PRU Rankings
#3072 Ranked by Stock Gains
PRU Stock Data
Industry
Direct Life Insurance Carriers
Sector
Finance and Insurance
Tags
Finance, Financial Conglomerates, Finance and Insurance, Direct Life Insurance Carriers
Country
United States
City
Newark
About PRU
for 140 years, prudential financial (nyse:pru) has helped people grow and protect their wealth. we offer individual and institutional clients a wide array of financial products and services. today, we are one of the world’s largest financial services institutions. we have over $1 trillion of assets under management as of september 30, 2015, and approximately $3.5 trillion of gross life insurance in force worldwide as of december 31, 2014. we have operations in the united states, asia, europe and latin america. we also have one of the most recognized and trusted brand symbols: the rock® , an icon of strength, stability, expertise and innovation. we measure our long-term success on our ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work.
