Prudential financial to sell $31b palac block of legacy variable annuities to fortitude re

Newark & jersey city, n.j.--(business wire)--prudential financial, inc. (“prudential”) (nyse: pru) and fortitude group holdings, llc, the parent company of bermuda's largest multi-line reinsurer (“fortitude re”), today announced that they have entered into a definitive agreement under which prudential will sell a portion of its in-force legacy variable annuity block to fortitude re for a total transaction value of $2.2 billion.1 under the terms of the agreement, prudential will sell one of its
PRU Ratings Summary
PRU Quant Ranking