Prudential Shifts Focus to Variable Life and Buffered Annuities
May 13, 2020 by Allison Bell
Prudential Financial Inc. is strong, but it’s still going to take steps to make its U.S. life and annuity products more resistant to COVID-19 pandemic turmoil.
Executives from the Newark, New Jersey-based company talked about that shift today, during a conference call the company held to go over first-quarter earnings with securities analysts.
Charles Lowrey, the company’s chief executive officer, said Prudential is focused on taking the right course of action for the business, and on investing for the future.
“While the severity and duration of the pandemic and related economic impact remains unknown, we are confident about the strength of our company,” Lowrey said. “Prudential has survived pandemics, wars, recessions and the depression, among other events in its 145-year history. We are resilient, we are strong and we will continue to move forward to deliver sustainable value for all our stakeholders.”