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Prudential plc

Last edited by apocalypticbeef on July 11, 2008 - 3:52pm
Company Snapshot: 

Prudential plc is an international retail financial services group. Its products include retail products, which include annuities, corporate pensions, with-profits and unit-linked bonds, savings and investments, protection, equity release and health insurance, and wholesale products, which include bulk annuities and annuity back-books. The Company’s primary segments are long-term business, banking, and broker-dealer and fund management. In May 2007, the Company completed the sale of Egg Banking plc (Egg) to Citigroup Inc.

Ownership status: 
Publicly traded
Number of employees worldwide: 
26,000+
Chief executive officer: 
Sir David Clementi
2008 Global Fortune 500 rank: 
94
Website: 
http://www.prudential.co.uk/

Location(s)

Prudential plc
Laurence Pountney Hill
United Kingdom
History
Other Information: 

Prudential Assurance Company Ltd, now part of Prudential Plc, was for many years the dominant life assurance company in the UK. It was agents from the Pru who, on deciding to leave Prudential and move to the United States, were given access to all the techniques of the firm to assist them in forming an insurance firm in America. That infant company went on to become Prudential of America (Prudential Financial Inc). There was never a significant ownership link between the two Prudential companies although there is a memorandum of understanding about use of the Prudential name around the world.

Financial information
Stock ticker symbol: 
PRU
Total revenue: 
£35,945 Million
Fiscal year: 
2006
Net Income: 
£2,071 Million
Fiscal year: 
2006
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