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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.
2 Gateway is a Class A office building on the corner of Market Street and McCarter Highway in the heart of Newark's "Billion Dollar Triangle". The 18-story building was completed in 1972 and underwent renovations in 1994 and 2015 [ 17 ] It totals 832,550 square feet and is the first building in New Jersey to earn the Platinum certification from ...
ZIP Codes: 07102. Area code(s) 862 and 973 ... office buildings are located in this area including Prudential Financial's Headquarters (also known as Prudential Plaza ...
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.
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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In October 2004, Prudential launched a new subsidiary, PruHealth, a joint venture with Discovery Holdings of South Africa selling private medical insurance to the UK market. [28] In April 2008, Prudential outsourced its back office functions to Capita: about 3,000 jobs were transferred (1,000 in Stirling, 750 in Reading and 1,250 in Mumbai). [29]
PGIM is currently one of the 10 largest asset managers in the world, with more than 1,100 investment professionals working for the company across 31 offices. [5] The firm is headquartered in the Prudential Tower in Newark, New Jersey, which currently houses approximately 3,000 employees from a variety of PGIM's investment management divisions.