Prudential Slumps as Firm Tallies Earnings Hit From Japan
Prudential Financial Inc. shares dropped as the insurer said it expects its decision to halt new life insurance sales in Japan to result in a $300 million to $350 million...
By Alexandre Rajbhandari · Bloomberg Markets
Prudential Financial Inc. shares dropped as the insurer said it expects its decision to halt new life insurance sales in Japan to result in a $300 million to $350 million impact on its profit this year, Chief Executive Officer Andy Sullivan said Wednesday.