Prudential Closes Pension Risk Transfer For US$ 4.9 Billion

Posted on 02/09/2024

Prudential Financial, Inc. closed a pension risk transfer transaction with Shell USA, Inc. for US$ 4.9 billion in pension obligations covering 21,500 of the company’s U.S. retirees. As a result of this transaction, PFI, through its subsidiary, The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning…

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