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Prudential Financial is based in Newark, New Jersey, United States. It began as The Widows and Orphans Friendly Society in 1875, and for a short time it was called the Prudential Friendly Society. For many years after 1877 it was known as the Prudential Insurance Company of America, [1] a name still widely in use.
Prudential ranked No. 52 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. [37] As of 2019, Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. [38] See also the article on the Prudential Spirit of Community Award.
Prudential Insurance originally committed $18 million of long-term financing. The first phase included Gateway One, a concourse and shopping mall, and the Downtowner Motor Inn, which later became a Hilton hotel. The second phase, Gateway Two, was offices of Western Electric Company. The complex was self-contained, allowing tenants and visitors ...
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Newark is the third-largest insurance center in the United States, behind New York City and Hartford, Connecticut. [137] Prudential Financial, Mutual Benefit Life, Fireman's Insurance, and American Insurance Company all originated in the city, while Prudential still has its home office in Newark. [138]
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Holborn Bars—Traditional home of Prudential. The company was first listed on the London Stock Exchange in 1924. [9]In the mid-1980s, financial deregulation allowed financial institutions to own estate agencies, and Prudential decided to follow early market entrants such as Provident Financial Group plc (Whitegates) and Lloyds Bank (Black Horse Agencies), [10] in summer 1985 by purchasing a ...