October 24, 2016 5:37 PM ET


Company Overview of The Prudential Insurance Company of America, Inc.

Company Overview

The Prudential Insurance Company of America, Inc. offers life insurance, annuities, group disability, and care insurance solutions in the United States. The company also offers claim adjusting services, accidental death and dismemberment, and other related coverage, as well as provides plan administrative services. It serves institutional clients. The company was founded in 1873 and is based in Newark, New Jersey. The Prudential Insurance Company of America, Inc. operates as a subsidiary of Prudential Financial, Inc.

751 Broad Street

Newark, NJ 07102

United States

Founded in 1873





Key Executives for The Prudential Insurance Company of America, Inc.

Executive Vice President of Financial Management
Age: 63
Executive Vice President and Chief Operating Officer
Age: 62
President of Prudential Advisors
Chief Marketing Officer and Senior Vice President of Strategy
Age: 46
Senior Vice President of Disability and Small Market Business
Compensation as of Fiscal Year 2016.

The Prudential Insurance Company of America, Inc. Key Developments

Prudential Group Insurance Names Chuck Brousseau to Lead Sales and Account Management

Chuck Brousseau has been named as the new head of Distribution for Prudential Group Insurance, a business of Prudential Financial Inc. Brousseau will be responsible for the management of Prudential Group Insurance’s sales and account management services across all the market segments. Based in Maryland, he will report to James Gemus, senior vice president, Distribution and Product Management. Previously, Brousseau led the business’ Premier Accounts segment, which serves customers with fewer than 5,000 employees. Brousseau also led the Small Market segment with responsibility for underwriting, sales and service.

Millennium Trust Adds Prudential Guaranteed Fund as an Investment Option for Automatic Rollovers

Millennium Trust Company announced an agreement with Prudential Insurance Company of America (PICA) that allows plan fiduciaries to select the Prudential Guaranteed Fund as an investment option when using Millennium's automatic rollover services. By utilizing Millennium's automatic rollover solution, plan fiduciaries can roll costly, non-responsive, small-balance account holders (generally those with balances of less than $5,000) out of their plans and into a self-directed IRA. While Millennium works to connect missing and non-responsive account holders with their retirement money, balances in the IRAs will be held in the initial investment selected by the plan fiduciary.

Prudential Insurance Receives Group Annuity Contract from J. C. Penney

Prudential Insurance receives group annuity contract from J. C. Penney. Under the deal, Prudential will settle a substantial portion of J. C. Penney's retiree pension benefit obligations. The deal, combined with a lump sum payment offering, is expected to reduce J. C. Penney's pension liabilities worth $5 billion, ranging between 25% to 35%.

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