The Strength of the Rock: Prudential Retirement Insurance and Annuity Company overview

Focusing on you

At Prudential, our foremost objective has been—and continues to be—helping people achieve financial security and peace of mind.

We have been meeting financial challenges since 1875, assisting millions of individual and institutional customers worldwide. We have the vision and leadership to solve the greatest financial challenges.

Prudential Financial, Inc.

Prudential Financial, Inc. is a U.S.-based company that, through its subsidiaries, provides the financial solutions that empower individuals and institutions to reach their financial goals. Our expertise and strength help distinguish us as an admired financial services leader, trusted partner and provider of innovative strategies. Our balanced mix of businesses and risks helps to mitigate our exposure to market developments.

Through our operating subsidiaries, we:

  • Serve individuals, advisors and institutions in over 40 countries1
  • Have $1.4 trillion in assets under management2
  • Rank 1st in FORTUNE® magazine’s 2018 World’s Most Admired Companies® in the Insurance: Life and Health category3

Rank #52 in the 2017 FORTUNE 500® List of America’s Largest Corporations4

At Prudential Financial, Inc., our strong franchise, diversification of businesses and sound financial fundamentals enable us to help provide better outcomes for you. 

Financial Strength

Prudential Financial companies include Prudential Retirement Insurance and Annuity Company (PRIAC), one of the nation’s leading insurance and financial services companies.

The Prudential Retirement Insurance and Annuity Company:

  • Highly rated
  • Broadly diversified
  • Strong risk controls

The financial strength ratings of PRIAC indicate that our position is solid, and that we have ample capital and liquidity to meet our obligations.5 

Independent rating agencies issue separate ratings for our parent company, Prudential Financial, and its businesses, based on their respective financial strengths.

PRIAC is strength-rated by the major independent rating agencies for its ability to meet financial obligations.

A.M. Best Company

A+

(2nd category of 15)

Superior ability to meet ongoing obligations to policyholders

Standard & Poor's

AA-

(4th category of 21)

Very strong fiancial security characteristics

Fitch Ratings

AA-

(4th category of 19)

Very strong capacity to meet policyholder and contract obligations

Moody's

A1

(5th category of 21)

Good financial security


Prudential Retirement

Prudential Retiremen, a business of Prudential Financial, Inc., serves approximately 4.2 million active workers and retirees, has over 9,400 plans and is entrusted with retirement assets of over $395 billion.6

Prudential Retirement has been an industry leader in providing pension plan services for over 90 years. In any given year, Prudential Retirement disburses approximately 11.3 million payments representing benefit payments of about $9.5 billion.7

Rankings

  • #1 in Stable Value assets, with $143.4 billion8
  • #1 provider of Pension Risk Transfer solutions9
  • #1 in in-plan guaranteed lifetime income10
  • 5th largest DB plan money manager11
  • 6th largest in DC plan recordkeeping assets12

Keeping Promises Since 1875

1875—The Prudential Friendly Society, founded by John Fairfield Dryden, opened for business. It was the first company in the United States to make life insurance available to working-class people.

1877—The company changed its name to The Prudential Insurance Company of America.

1885—A million dollars and a million policies: As its assets topped $1 million, Prudential issued its millionth policy to John Dryden.

1896—The Rock of Gibraltar was used as a company symbol for the first time in an advertisement in Leslie’s Weekly that read, “The Prudential has the strength of Gibraltar.”

1911—Ten million policies are in force.

1918—Record death claims of over $500,000 are paid in one day, including those resulting from the flu epidemic. 

1929 to 1939 and 1939 to 1945—Prudential’s innate conservatism protected the company from the harsher ravages of the Great Depression.

1939 to 1945—WWII claims of more than $70 million were paid on nearly 100,000 policies as a result of casualties during World War II.

1970—“Get a Piece of the Rock,” one of the most memorable slogans in advertising history, debuts.

1984—Prudential donated 120,000 acres of prime wetlands to the U.S. Fish and Wildlife Service for a nature reserve. 

1991—In the wake of Hurricane Andrew, Prudential paid out $1.5 billion in claims.

2001—Prudential goes public.

2004—Prudential acquired CIGNA’s retirement business.

2009—Prudential declined to participate in the U.S. Department of Treasury’s Troubled Asset Relief Program (TARP) in the aftermath of the 2008 financial crisis.

2016 and 2017—Ranked 1st in FORTUNE® magazine’s World’s Most Admired Companies® ranking in the Insurance: Life and Health category.

 

1Data as of December 31, 2017.

2Data as of June 30, 2018.

3As of February 2018. Fortune® and “The World’s Most Admired Companies®” are registered trademarks of Time, Inc. 

4FORTUNE® magazine, June 2018.

5All ratings are as of August 1, 2018. Claims-paying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies. While ratings can be objective indicators of an insurance company’s financial strength and can provide a relative measure to help select among insurance companies, they are not guarantees of the future financial strength and/or claims-paying ability of a company. The above ratings are subject to change and do not reflect any subsequent rating agency actions. We make every effort to update our literature as soon as possible after a ratings change. Please consult with your financial professional or visit our investor relations site,
investor.prudential.com, for the most current ratings information.

6Prudential Retirement Internal Account Values as of June 30.

7Prudential Retirement Internal Account Values as of December 31, 2018. 

8Pensions & Investments, 2016 Money Managers Survey, May 2016, based on internally managed assets data as of March 31, 2017.

9LIMRA Group Annuity Risk Transfer Survey, 1Q 2018. Based on assets of single premium buyouts, which are group annuity contracts used to assume certain benefit liabilities of a terminating pension plan or, in some cases, a plan settlement of specific groups. 

10Estimated market share using market size as reported by LIMRA, 2017 In-Plan Guarantee Availability and Election Tracking Survey, May 2018.

11Pensions & Investments’ 2017 Annual Money Managers Survey, data as of December 31, 2016.

12PLANSPONSOR’s 2017 DC Record-keeping survey, June 2018, data as of December 31, 2017.

A.M. Best considers “A+” (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholders. “A++” is the highest rating assigned by A.M. Best.

Moody’s indicates that “A1” (5th category of 21) rated insurance companies offer good financial security. Insurance companies rated “Aaa” offer exceptional financial security. In addition, Moody’s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentally strong position. “Aaa” is the highest Insurer Financial Strength Rating assigned by Moody’s. 

According to Standard & Poor’s publications, an insurer rated “AA-” (4th category of 21) has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated “AAA” has extremely strong financial security characteristics. “AAA” is the highest insurer financial strength rating assigned by Standard and Poor’s.

Fitch indicates that “AA-” (4th category of 19) companies are viewed as possessing a very strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. “AAA” is the highest rating assigned by Fitch.

For Compliance use Only:1010346-00001-00

For Compliance use Only: