Prudential Financial adds $1bn to liquidity pool

Prudential Financial loaded up on liquid assets at end-2018, bringing its total stock to $5.5 billion – an increase of 25% on a year ago.

As of end-2017, the insurer has targeted a minimum balance of highly liquid assets of at least $1.3 billion to cover its annual fixed charges, such as policyholder benefits, debt repayment and operating costs. This minimum is reviewed and approved annually by the insurer’s board.

Management has aimed to maintain its buffer at between $3 billion and $5

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: