Prudential Affirms Business Mix as Kandarian Reshapes MetLife

Prudential Financial Inc., the second-biggest U.S. life insurer, is comfortable with its business mix, the company said a day after larger rival MetLife Inc.’s Chief Executive Officer Steve Kandarian announced a plan to separate much of his domestic retail business.

“Prudential’s diversified and balanced mix of U.S. and international businesses positions us well for sustainable long-term performance,” Scot Hoffman, a spokesman for the Newark, New Jersey-based company said Wednesday in an e-mail. Acquisitions and divestitures in recent years have “produced a highly complementary set of businesses with competitive advantages and opportunities to drive returns that have trended above our peer group.”

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