Prudential Financial, Inc. (NYSE:PRU) is among the 9 Best Life Insurance Stocks to Buy Now.
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Bloomberg reported on December 3, 2025, that Prudential Financial, Inc. is considering selling approximately one-third of its ownership in the South African financial services firm Alexforbes, which is worth 10.7 billion rand ($627 million). The Bloomberg story also noted that while the company declined to comment on market speculation, it informed African Rainbow Capital and Alexforbes about the possible disposal, according to people familiar with the discussions. In an emailed response, Prudential stated that it “regularly evaluates strategic opportunities to ensure they are aligned with our long-term strategy.”
On November 18, 2025, Prismic Life, funded by Prudential Financial, Inc. and Warburg Pincus, completed a $1.3 billion capital raise to expand its Bermuda-based reinsurance business. The funding will allow Prismic Life Reinsurance, Ltd. and Prismic Life Reinsurance International, Ltd. to execute their multi-year business strategy, expand access to Prudential Financial, Inc.’s products, and develop life and annuity reinsurance.
Prudential Financial, Inc. CEO Andy Sullivan stressed the importance of reinsurance in international life insurance markets. It is anticipated that the funds will distribute roughly $15 billion among PGIM and Warburg Pincus-managed public, private, and alternative credit assets.
Separately, Prudential Financial, Inc. announced on December 3, 2025, that Matthew (Matt) Armas would take over as Chief Investment Officer on March 12, 2026. Timothy Schmidt, who will retire from Prudential in 2026 after 16 years, will be replaced by Armas. He will serve as an advisor until August to facilitate a smooth transition.
Prudential Financial, Inc. is one of the leading US life insurers, providing annuities, life insurance, and asset management services.
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