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Prudential Insurance began in 1875 and is currently headquartered in Newark, New Jersey. The company has been named fourth on the Fortune World’s Most Admired Companies list and currently employs over 41,000 people in 37 countries around the world. Prudential Insurance is known as Pramerica in some non-United States countries.
The company offers many insurance and financial products and services which include: auto, life, annuities, retirement funding and planning, mutual funds, investment management as well as real estate services including buying and selling.
Prudential Insurance reportedly has currently well over $580 billion dollars under management. The company was the first to offer affordable, reliable insurance to the working class and included a funeral/burial expense plan for low income families that was available for a weekly premium that was as low as three cents. The company had rapid expansion and in their tenth year of operation sold their one millionth policy.
Prudential Insurance is probably one of the most famous insurance and financial services companies in the country if not the world and is listed as having major brand awareness in recent polls: when asked to name five insurance companies the majority of people named Prudential Insurance in their list.
The company has continued to expand both its range and its scope by offering more services and products to people in more and more places including those in Asia, Latin America, Europe and Canada. Not all products or services are available in all markets, however.
Some of the insurance products that the company offers are - home, auto, life, property, managed money, retirement accounts, and health insurance. Investing and mutual fund management services are provided by Prudential Financial Services and real estate services, such as buying and selling a home, are offered by Prudential Real Estate.