-

Prudential Financial completes sale of Taiwan business to Taishin Financial

NEWARK, N.J., & TAIPEI, Taiwan--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today the completion of its sale of Prudential of Taiwan to Taishin Financial Holding Co., Ltd., following a successful regulatory review.

Under the terms of the agreement, announced on August 11, 2020, Prudential Financial sells 100% of its life insurance business in Taiwan.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

About Taishin Financial Holding Co., Ltd.

Taishin Financial Holding Co., Ltd. is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The company operates through three business segments: the Banking Businesses segment, the Securities Businesses segment, and the Others segment. The company is also involved in futures trading, venture capital, insurance brokerage and other finance-related businesses. For more information, please visit taishinholdings.com.tw.

Contacts

PRUDENTIAL MEDIA:
Bill Launder, +1 973-802-8760, bill.launder@prudential.com

Industry:

Prudential Financial, Inc.

NYSE:PRU
Release Versions
English

Contacts

PRUDENTIAL MEDIA:
Bill Launder, +1 973-802-8760, bill.launder@prudential.com

More News From Prudential Financial, Inc.

SoFi and Prudential Financial Team up to Help Expand Access to Life Insurance for More Americans

SAN FRANCISCO & NEWARK, N.J.--(BUSINESS WIRE)--SoFi (NASDAQ: SOFI) and Prudential Financial, Inc. (NYSE: PRU) are joining forces to provide over 15 million SoFi members the ability to purchase Prudential term life insurance directly within the SoFi app. Through a fully digital experience built and operated by SoFi, members can explore Prudential’s SimplyTerm life insurance, receive an instant quote, and apply for and purchase coverage in one place. Available through the SoFi app, the embedded e...

Prudential Financial announces sale of Prudential of Brazil and Prudential of Mexico to CNP Assurances

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today announced that it has entered into definitive agreements to sell Prudential of Brazil and Prudential of Mexico to the CNP Assurances Group (respectively to CNP Seguradora, CNP Assurances’ Brazilian subsidiary, and to CNP Assurances Holding) for an aggregate purchase price of $4.025 billion in cash, subject to certain closing adjustments. “We’re continuing to build momentum and advance our strategy to direct capital to t...

Prudential Financial Provides Update on FSA Orders and Path Forward for its Japan Businesses

TOKYO & NEWARK, N.J.--(BUSINESS WIRE)--The Prudential Life Insurance Company, Ltd. (“Prudential of Japan” or “POJ”), Gibraltar Life Insurance Company, Ltd. (“Gibraltar”), and Prudential Holdings of Japan, Inc. (“PHJ”), subsidiaries of Prudential Financial, Inc. (NYSE: PRU) (“Prudential Financial”), announced today the receipt of business suspension and improvement orders issued by Japan’s Financial Services Agency (“FSA”). The FSA issued business suspension and business improvement orders to PO...
Back to Newsroom