NEWARK, N.J., & TAIPEI, Taiwan--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today the completion of its sale of Prudential of Taiwan to Taishin Financial Holding Co., Ltd., following a successful regulatory review.

Under the terms of the agreement, announced on August 11, 2020, Prudential Financial sells 100% of its life insurance business in Taiwan.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential�s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential�s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

About Taishin Financial Holding Co., Ltd.

Taishin Financial Holding Co., Ltd. is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The company operates through three business segments: the Banking Businesses segment, the Securities Businesses segment, and the Others segment. The company is also involved in futures trading, venture capital, insurance brokerage and other finance-related businesses. For more information, please visit taishinholdings.com.tw.

Contacts

PRUDENTIAL MEDIA:

Bill Launder, +1 973-802-8760, [email protected]