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Ad circa 1900. Image: NewJerseyAlmanac.com

Prudential Financial

Headquarters: Newark

Web Site: www.prudential.com
​Twitter: @Prudential
Facebook: Prudential
Linked in: Prudential-financial

Financial reports
Press releases
Employment
 
John Strangfeld 
Chairman & CEO

 

 

Founded 1875 in Newark as Prudential Friendly Society by insurance salesman John F. Dryden, first company to offer affordable life insurance to lower-income workers, changed name in 1877 to The Prudential Insurance Company of America> In 1885, Dryden purchased company's one-millionth policy, he served as US Senator from NJ 1902-07> 1896 used image of "Rock of Gibraltar" in ad for first time with slogan "The Prudential has the strength of Gibraltar"> Now world's largest non-bank financial corporation with over $1.3 trillion of assets under management as of September 2017, approximately $3.7 trillion of gross life insurance in force worldwide as of end of 2016, operations in US, Asia, Europe, and Latin America; employs 49,000 people worldwide> NJ legislation enacted 1998 authorized Prudential to convert from mutual company owned by policy holders to public company owned by shareholders, conversion completed December 2001 with $3 billion initial public offering, trading of stock on NY Stock Exchange and distribution of $20 billion in stock to 11 million policy holders, conversion aided Prudential efforts to raise capital through public markets> Also 2001 change of name for marketing purposes to Prudential Financial, Inc., retains formal legal name of The Prudential Insurance Company of America> John Strangfeld named CEO 2008, previously vice chairman responsible for Prudential's US businesses, chairs board of NJ Performing Arts Center in Newark> Company active in efforts for Newark redevelopment, including sponsorship of Prudential Center sports and entertainment arena, Gateway Center office-retail complex, also constructed new headquarters building Prudential Tower opened July 2015, other major NJ office locations include Holmdel and Somerset. 

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