Prudential Financial Subsidiaries Receive Business Suspension And Improvement Orders From Japan’s Financial Services Agency

Prudential Financial's subsidiaries, Prudential of Japan and Gibraltar Life, have received business suspension orders from Japan's Financial Services Agency, extending their inability to solicit new business until January 31, 2027. Additionally, business improvement orders require these subsidiaries to submit and execute improvement plans. The company's Chairman & CEO and CFO will hold a conference call today at 8:00 a.m. ET to discuss the orders and their estimated financial impacts.