Prudential Financial, Inc. entered into definitive agreements to sell 100% of its equity interests in Prudential of Brazil and Prudential of Mexico to CNP Assurances Group for an aggregate purchase price of approximately $4.025 billion in cash, subject to certain closing adjustments. CNP Seguradora, CNP Assurances’ Brazilian subsidiary, is buying Prudential of Brazil, and CNP Assurances Holding is buying Prudential of Mexico.
Prudential expects the transaction to close in the second half of 2027, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. The company intends to use the proceeds to support its capital allocation priorities and invest in its highest-priority growth opportunities.
Prudential said the agreement follows sales of its interests in several joint ventures, including PT PFI Mega Life Insurance, Alexforbes and ICEA LION, which closed October 13, 2026. It described these transactions as part of its plan to exit emerging markets.
Prudential Financial, Inc. (PFH) provided preliminary, unaudited estimates for the quarter ended September 30, 2026: PGIM assets under management were $1.47 trillion, and PGIM other related revenues, net of related expenses, were approximately $20 million on an adjusted operating income basis. Alternative investment income for the General Account portfolio is estimated at approximately $15–$35 million above near-term expectations. The Japan Businesses sales suspension is estimated to reduce pre-tax adjusted operating income by approximately $140 million, including one-time costs primarily related to Life Planner compensation, lost sales and surrenders.
Effective in the third quarter of 2026, selected businesses, including Brazil and Mexico operations, moved to Divested and Run-off Businesses within Corporate and Other, and International Businesses was renamed Japan Businesses. Prudential’s indirect 40% interest in AFP Habitat moved to Retirement. These reporting changes are retrospective and do not affect previously issued consolidated financial statements. The revised second-quarter supplement reports first-half after-tax adjusted operating income of $2.524 billion, up 9% year over year, and net income attributable to Prudential Financial, Inc. of $1.582 billion, up 28%. The third-quarter estimates are unaudited, and actual results could be materially different; the quarterly earnings release and supplement are scheduled for November 3, 2026.
Prudential Financial, Inc. said Japan’s Financial Services Agency (FSA) issued business suspension and improvement orders to its subsidiaries Prudential Life Insurance Company, Ltd. (POJ) and Gibraltar Life Insurance Company, Ltd. (Gibraltar), and a business improvement order to Prudential Holdings of Japan, Inc. (PHJ). POJ’s restriction on soliciting new business runs through January 31, 2027. Gibraltar’s partial suspension through that date applies to its Life Consultant channel, not its independent agency channel.
POJ, Gibraltar and PHJ must submit business improvement plans to the FSA by the end of November 2026 and report progress regularly. Prudential said Gibraltar contacted over two million customers in recent months, POJ and Gibraltar remain financially sound and able to meet their obligations, and the parent continues to provide support and resources. The suspension does not apply to Prudential Financial’s or PGIM’s other Japan business units, including Prudential Gibraltar Financial Life.
Prudential Financial (PFH) said its Japan subsidiary, Prudential Life Insurance Co., published a Special Investigation Committee report and outlined structural reforms. Prudential Holdings of Japan, Prudential Life and Gibraltar Life also reported customer reimbursement-review progress as of September 16, 2026. For cases covered by the January 16, 2026 disclosure, review or reimbursement was complete for 492 of 498 individuals; those cases represented claims totaling 3.08 billion yen. Among them, 204 individuals, representing claims of 920 million yen, were eligible for reimbursement. For 150 individuals, representing claims of 1.37 billion yen, inquiries were determined to be unsubstantiated. Six individuals, representing claims of 3 million yen, remained under review or awaiting resolution.
In separate inquiries, the Customer Reimbursement Committee completed review of 848 inquiries; 329 were eligible for reimbursement, representing claims totaling 2.57 billion yen. Prudential Life's customer-consented meeting-recording system, which uses AI to summarize meetings, began operating on October 7, 2026. Prudential Life plans to phase out 139 agencies in place nationwide as of July 2026 and ultimately establish 40 to 50 agencies. Seven agencies under the new structure will begin operating November 1, 2026, while 30 existing agencies will close; the company aims to complete the transition during 2027.
PRUDENTIAL FINANCIAL INC (PFH) reported that Chairman and Chief Executive Officer Andrew F. Sullivan received an award of 143 Deferred Compensation Shares on September 10, 2026. These units are based on unitized accounting, are immediately exercisable, and convert into an equivalent number of common shares on a 1-to-1 basis.
The Deferred Compensation Shares are payable in cash at a date selected by the participant. Following this award, Sullivan has 12,559 Deferred Compensation Shares reported as held directly. No transactions were made under a Rule 10b5-1 trading plan.
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. Wolk Joseph J reported acquisition or exercise transactions in this Form 4 filing.
PRUDENTIAL FINANCIAL INC (PFH) reported that director Joseph J. Wolk received two grants of 21 restricted stock units each on September 10, 2026. Each unit is a contingent right to one share of common stock, with the awards vesting in 2026 and 2027 and deferred until retirement from the Board under the company’s 2011 Deferred Compensation Plan for Non-Employee Directors.
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Prudential Financial Inc (PFH) reported that director Michael Todman received equity-based awards tied to the company’s common stock. On September 10, 2026, he was granted 155 notional mandatory deferred stock units, 151 notional optional deferred stock units, and 21 restricted stock units, each corresponding to one share of common stock or its cash value under director compensation plans.
These awards are deferred: the notional units are payable in stock or cash at dates elected under the non-employee directors’ deferred compensation plan, and the restricted stock units vest by the earlier of the 2027 annual meeting or May 12, 2027 and are deferred until his retirement from the board.
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. Stoddard Thomas D reported acquisition or exercise transactions in this Form 4 filing.
PRUDENTIAL FINANCIAL INC (PFH) reported that director Thomas D. Stoddard received equity-based awards on September 10, 2026. He was granted 20 Notional Shares – Mandatory, representing deferred stock units each tied to one share of common stock or its economic equivalent under the non-employee director deferred compensation plan, and 21 Restricted Stock Units, each representing a contingent right to one share of common stock. The restricted stock units vest at the earlier of the next annual meeting or May 12, 2027 and have been deferred until his retirement from the board. No Rule 10b5‑1 trading plan is reported.
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. POON CHRISTINE A reported acquisition or exercise transactions in this Form 4 filing.
PRUDENTIAL FINANCIAL INC (PFH) reported that director Christine A. Poon received equity-based awards on September 10, 2026. She was granted 161 Notional Shares - Mandatory, 49 Notional Shares - Optional, and 21 Restricted Stock Units (RSUs), each tied to one share of common stock and valued at $118.48 per unit for reporting purposes. The notional shares are deferred stock units under the non-employee director deferred compensation plan, with distributions beginning at dates elected by the director under plan rules, while the RSUs vest at the earlier of the next annual meeting or May 12, 2027. No Rule 10b5-1 trading plan is reported.
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. Pianalto Sandra reported acquisition or exercise transactions in this Form 4 filing.
PRUDENTIAL FINANCIAL INC (PFH) reported that director Sandra Pianalto received equity-based compensation on September 10, 2026. She was granted 214 Notional Shares - Mandatory, 84 Notional Shares - Optional, and 21 2026 Restricted Stock Units, each representing a contingent right to one share of common stock or its cash value under the company’s deferred compensation plans for non-employee directors. These awards are deferred, with future settlement or vesting tied to retirement from the board or specified future dates.