Prudential

Prudential pic is a holding company headquartered in London, England, created in October 1999. The company was founded in 1848 as the Prudential Mutual Assurance Investment and Loan Association and provided loans secured by life insurance to professional people. Prudential became a limited company in 1881 and became a public company listed on the London Stock Exchange in 1924. In June 2000, it also listed its shares on the New York Stock Exchange.

As of December 31, 2007, Prudential listed approximately 75,948 shareholders. It is an international retail financial services company currently managing over £267 billion in funds derived from its customers, policyholders, and clients in Asia, the United States, and the United Kingdom. Prudential pic employs over 28,000 people around the world. The Prudential company is structured around four core business units: Prudential Corporation Asia, Jackson National Life Insurance Company, Prudential UK, and M&G. Group. Strategy, reputation management, cash and capital management, leadership development and succession, and other core functions are handled centrally.

Business Units

Prudential Corporation Asia was formed in 1994 in Hong Kong as a regional head office. Prudential Corporation Asia currently has life insurance and asset management operations in 13 markets across Asia: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Vietnam, and the United Arab Emirates. Prudential Corporation Asia serves over 10 million customers in these markets, with some 410,000 agents providing savings, investment, and protection products tailored to each local market. Its top life insurance markets in Asia (as a percentage of total new life business) for 2007 were Korea (19), Taiwan (18), India (13), Hong Kong (13), and Singapore (10). Prudential Corporation Asia manages 17.4 billion pounds worth of branded mutual funds (equities, fixed income, private equity, and structured products) for retail investors, and manages £19.6 billion of institutional and internal assets. Its top retail mutual funds markets in Asia (as a percentage of total new business) for 2007 were Japan (250), India (21), Korea (20), Taiwan (12), and Singapore (7). Prudential Corporation Asia has strategic partnerships with OTIC Group in China, ICICI Bank in India, and the Bank of China International in Hong Kong.

The Jackson National Life Insurance Company was named after Andrew Jackson, the seventh president of the United States, and was founded in Jackson, Michigan. In 1961 Jackson was acquired by the Prudential Group in 1986 and is now headquartered in Lansing, Michigan. Jackson National Life Insurance Company provides products and services in all 50 states as well as the District of Columbia. Jackson provides variable annuities, fixed annuities, fixed index annuities, term insurance, and life insurance targeted to clients in the mass and mass-affluent markets in the United States through independent broker-dealers, regional broker-dealers, independent financial agents, and financial institutions. In 2005 Jackson acquired the Life Insurance Company of Georgia (now JNL Southeast Agency) with more than 100 career agents who also sell its products directly to customers residing in the southeastern United States. Jackson also sells institutional products such as guaranteed investment contracts (GICs), funding agreements, and medium-term notes (MTNs). Jackson's Curial Capital subsidiary provides financial professionals with fee-based separately managed accounts (SMAs). Jackson's affiliated network of independent broker-dealers, National Planning Holdings (NPH), is the investment holding company for four firms: INVEST Financial Corporation, Investment Centers of America, SII Investments, Inc., and National Planning Corporation.

...