Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities

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Apr 01, 2022

Prudential Financial, Inc. (“Prudential”) (NYSE: PRU) and Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”), today announced the completed sale to Fortitude Re of a portion of Prudential’s legacy traditional variable annuity block.