Prudential Financial announces sale of Prudential of Brazil and Prudential of Mexico to CNP Assurances
Business Wire•20/10/2026•06:30 ET
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Key Highlights
- ➤$4.025 billion cash sale of Prudential’s Brazil and Mexico businesses announced
- ➤Transaction advances Prudential’s exit from emerging markets and geographic simplification
- ➤Deal expected to close in second half of 2027, pending regulatory approvals
- ➤Proceeds target retirement, asset management and select protection businesses in priority markets
- ➤CNP Assurances expands Latin American presence, strengthening Brazil and entering Mexico
Expert Statements
Andy Sullivan, Chairman and chief executive officer of Prudential Financial, Inc.
“We’re continuing to build momentum and advance our strategy to direct capital to the businesses and markets where we see the greatest opportunity for long-term growth and value creation”
Andy Sullivan, Chairman and chief executive officer of Prudential Financial, Inc.
“This transaction positions Prudential of Brazil and Prudential of Mexico for continued success with an owner committed to its customers, employees and distribution partners. We remain focused on narrowing our geographic footprint and building a simpler, more focused Prudential.”
Marie-Aude Thépaut, CEO of CNP Assurances
“We are delighted to announce this transaction, which represents a major step forward in our development in Latin America”
Marie-Aude Thépaut, CEO of CNP Assurances
“We have been particularly impressed by the capabilities of these businesses, including the expertise of the Life Planner network and the trusted customer relationships built over many years. We look forward to building on that strong foundation and supporting continued growth in Brazil and Mexico.”
Prudential Financial announces sale of Prudential of Brazil and Prudential of Mexico to CNP Assurances
Transaction advances Prudential’s exit from emerging markets and disciplined capital allocation to drive long-term shareholder value
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