Prudential Financial is trading at $120.38, up 6.06% in after-hours trading, with no clear catalyst confirmed for the gain.
- Prudential announced an agreement for Prismic Life to reinsure approximately $5 billion of reserves backing Japanese whole life policies. Policyholder obligations remain unchanged, and Prudential will continue administering the contracts.
- The announcement is dated October 5; the source gives no publication time and does not connect it to the after-hours move. Broader indices were mixed.