Prudential to sell Brazil and Mexico insurance units to CNP for $4.025 billion
Filed with the SEC on · Summarized by InvestorsBot
Prudential Financial announced October 20, 2026, that it agreed to sell 100% of its Brazil and Mexico insurance subsidiaries to CNP Assurances for approximately $4.025 billion in cash, subject to closing adjustments. The deal is expected to close in the second half of 2027 pending regulatory approvals and other customary conditions; Prudential plans to use the proceeds for capital allocation and investments in retirement, asset management and select protection businesses in the U.S., Japan and Europe.