Prudential Assurance Company
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| Public limited company | |
| Traded as | : : PUK : 2378 |
| Industry | Financial services |
| Founded | 1848 (London) |
| Headquarters | London, United Kingdom |
|
Area served
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Worldwide |
|
Key people
|
Paul Manduca (Chairman) Mike Wells (Group Chief Executive) |
| Products |
Life insurance Investment management Consumer finance |
| Revenue | £71.842 billion (2016) |
| £3.212 billion (2016) | |
| £1.921 billion (2016) | |
| Website | www.prudential.co.uk |
Prudential plc is a British multinational life insurance and financial services company headquartered in London, United Kingdom. It was founded in London in May 1848 as The Prudential Mutual Assurance Investment and Loan Association to provide loans to professional and working people.
Prudential has 24 million life customers. It owns Jackson National Life Insurance Company, which is one of the largest life insurance providers in the United States, and M&G Investments, a Europe-focused asset manager.
Prudential has a primary listing on the and is a constituent of the FTSE 100 Index. Prudential has secondary listings on the , and Singapore Exchange.
The company was founded in Hatton Garden in London as The Prudential Mutual Assurance Investment and Loan Association providing loans to professional and working people on 30 May 1848. In 1854, the Company began selling the relatively new concept of industrial branch insurance policies to the working class population for premiums as low as one penny through agents acting as door to door salesmen. The army of premium collection agents was for many years identified with the Prudential as the "Man from the Pru". It moved to its traditional home at Holborn Bars in 1879 and converted to a limited company in 1881. The building was designed by Alfred Waterhouse, and is built of terracotta manufactured by Gibbs and Canning Limited of Tamworth (c.1878) — two of the same driving forces behind the Natural History Museum in London.
The company was first listed on the in 1978. In 1986, Prudential acquired the American insurer Jackson National Life. In 1997, Prudential acquired Scottish Amicable, a business founded in 1826 in Glasgow as the West of Scotland Life Insurance Company, for £1.75bn.
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