Prudential Public was originally founded as a financial institution. The company was founded in London in May 1848 as The Prudential, Investment, Loan, and Assurance Association. In September 1848, the name was changed to The Prudential Mutual Assurance, Investment, and Loan Association, and was meant to provide loans to professional and working people.
In 1854, the company began selling a new type of product, insurance. With premiums of only one penny per week, many of the working poor were able to afford insurance that would cover burial costs.
Today, the company is a multinational insurance operation with more than 20 million clients. Annual revenue in 2020 was just short of $56 billion and employs more than 23,000 persons.
The company also owns Prudential Corporation Asia, which has insurance and asset management operations across 14 markets in Asia, Jackson National Life Insurance Company, which is one of the largest life insurance providers in the United States.
Prudential Public PLC maintains a corporate office in London, United Kingdom.