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, 2+ week ago   (148+ words) Prudential Life Insurance Co said Tuesday it estimates its compensation to defrauded clients to total 4.7 billion yen, after its employees were found to have illegally received a total of around 3.1 billion yen from them. Together with compensation for cases confirmed…...

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…...

4+ mon, 2+ week ago   (163+ words) TOKYO (TR) — Prudential Life Insurance announced on Wednesday it will extend its self-imposed ban on new sales by 180 days following a massive fraud scandal in which employees swindled customers out of more than 3 billion yen. During a press conference, Prudential…...

4+ mon, 2+ week ago   (453+ words) Prudential Financial is halting new sales at a Japanese subsidiary as it aims to “reset the business model” there, the company’s CFO said Tuesday. On Tuesday, Prudential announced that it’s extending a previously enacted pause on new sales at its…...

4+ mon, 2+ week ago   (585+ words) Insurance Business Prudential of Japan extends new business halt after misconduct Extension tied to fixing sales practices and management systems Prudential Life Insurance Company, Ltd. (“Prudential of Japan” or “POJ”) has extended its suspension of new business in Japan for…...

4+ mon, 2+ week ago   (589+ words) April 22, 2026 at 18:09 JST A massive financial misconduct scandal at Prudential Life Insurance Co. could expand and also implicate employees at a group company, with the number of damage reports and inquiries from customers more than doubling to about 700. The claims…...

4+ mon, 3+ week ago   (295+ words) Prudential Financial announced on Tuesday, April 21, that it will extend a voluntary suspension of new life insurance sales in Japan until Nov 5. The company initially paused operations in February following a regulatory probe into widespread employee misconduct within its Japanese…...

4+ mon, 3+ week ago   (30+ words) TradingView Prudential Financial's Japan Operations Suspected Of Fraud At Gibraltar Life Unit, Nikkei reports More news from Reuters...