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Prudential Financial Is Said to Weigh Sale of Retirement Arm

  • A sale of bulk of unit could fetch more than $2 billion
  • Insurers have been shedding retirement assets in core focus
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Prudential Financial CEO on First Quarter, Overhaul, Office Return

Prudential Financial Inc. is exploring a sale of the bulk of its retirement business, which could fetch more than $2 billion, according to people familiar with the matter.

The Newark, New Jersey-based life insurer is working with a financial adviser to find buyers for its so-called full-service solutions business, said one of the people, who asked not to be identified because the matter isn’t public.