1+ mon, 2+ week ago   (191+ words) Prudential Financial Inc. said it reimbursed 437 individuals about a total of 2.85 billion yen ($17.4 million) as part of remediation efforts following a regulatory probe into employee misconduct at its Japan business. In addition to the 498 individuals who presented claims as announced…...

3+ mon, 1+ week ago   (728+ words) Prudential Financial will cut a further 53 jobs in Newark, New Jersey, on 17 July, according to a state filing, as the insurer battles the fallout from a $1 billion hit linked to misconduct at its Japan affiliate and an extended sales ban....

3+ mon, 1+ week ago   (447+ words) Prudential Financial is undergoing another round of layoffs as the company continues to evolve in Year Two under CEO Andrew Sullivan. According to a filing with the New Jersey Department of Labor and Workforce Development, Prudential is laying off 53 employees…...

3+ mon, 2+ week ago   (660+ words) Insurance Business Prudential Life pegs client compensation at ¥4.7 billion Regulator widens probe as employee fraud count tops 100 Prudential Life Insurance Co. is facing a ¥4.7 billion compensation bill after an internal review confirmed that more than 100 current and former employees took…...

3+ mon, 2+ week ago   (178+ words) Japan's Prudential Life Insurance says it has set aside tens of millions of dollars to compensate customers affected by employee misconduct. The company on Tuesday reported earnings for fiscal 2025, including an extraordinary loss of about 4.7 billion yen, or over 29 million…...

3+ mon, 2+ week ago   (191+ words) Prudential Life Insurance said Tuesday that its core profit declined 12.6% to ¥40.2 billion in the fiscal year ended in March from a year earlier due to the fallout of fraud involving former and current employees. Insurance premium revenue fell 6.6% to ¥1,454.9 billion…...