Prudential Financial to Sell Brazil and Mexico Units to CNP for $4.025 Billion

Prudential Financial, Inc. has entered into a definitive agreement to sell its insurance operations in Brazil and Mexico to CNP Assurances Group for approximately $4.025 billion in cash. This divestiture is part of Prudential's broader strategy to exit emerging markets, simplify its business, and reallocate capital to core growth areas.

Key Details

• Transaction Value: Approximately $4.025 billion in cash, subject to closing adjustments.
• Assets Sold: 100% equity interests in Prudential do Brasil Seguros S.A. and Prudential Seguros Mexico, S.A. de C.V.
• Timeline: The transaction is expected to close in the second half of 2027, subject to regulatory approvals and customary closing conditions.