Prudential Holdings of Japan Co.

Categories

Financial and Banking  
Summary

Prudential Financial is one of the world's largest financial services institutions. Providing life insurance, investment trusts, pensions, retirement services, asset management and other services to corporate and individual customers in more than 50 countries around the world.  Prudential Holdings of Japan is a wholly owned subsidiary of Prudential Financial.


History

In the early days of the new millennium, a significant transformation took place within the corporate landscape of Japan. It was a transformation that would reshape the insurance industry and give rise to a formidable entity - the Prudential Group Insurance Company. This narrative delves into the key milestones that marked the corporate history of Prudential Group Insurance Company in Japan.

It all began in March 2001 when the company was established as a holding company. The foundations were laid for what would become a pivotal player in the insurance sector.

In the following month, a strategic move was made. Gibraltar Life Insurance Co., Ltd. was brought under the Prudential umbrella as a subsidiary. This marked the first step towards expanding the company's presence and influence in the Japanese insurance market.

Fast forward to April 2009, a momentous year for Prudential Group. They shifted gears, officially stepping into the realm of an insurance holding company. Prudential Life Insurance Co., Ltd. was brought into the fold as an insurance subsidiary through a stock exchange. This strategic manoeuvre strengthened their foothold and capabilities within the insurance sector.

The expansion continued. Prudential Financial Japan Life Insurance Co., Ltd., now known as Prudential Gibraltar Financial Life Insurance Co., Ltd., entered the scene. It was formerly a part of the reorganized Daiwa Life Insurance Co., Ltd., and it became a subsidiary of Gibraltar Life Insurance Co., Ltd. This move bolstered the company's portfolio and diversified its offerings.

Another major development unfolded in February 2011. AIG Edison Life Insurance Co., Ltd. and AIG Star Life Insurance Co., Ltd. were brought under the wing of Gibraltar Life Insurance Co., Ltd. These acquisitions broadened their reach and added new dimensions to their insurance services.

The consolidation continued in January 2012 when Gibraltar Life Insurance Co., Ltd. merged with AIG Edison Life Insurance Co., Ltd. and AIG Star Life Insurance Co., Ltd. This amalgamation marked a significant step forward in streamlining their operations and leveraging synergies.

The journey of growth and expansion didn't stop there. In August 2022, Prudential Group established the PNA establishment preparation company, now known as Sonamira Co., Ltd., and made it a subsidiary. This move showcased their commitment to innovation and adaptability in a dynamic marketplace.


Mission

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Vision

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References
Prudential Holdings of Japan Co.
Industries

Financial and Banking

Products/ Services
life insurance, investment trusts, pensions, retirement services, asset management
Headquarters
Tokyo, Japan
Established
2001
Company Type
Private company limited by shares or Ltd
Company Registration
2010001073307
Revenue
20M - 100M
Revenue Year
2022-06-16

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Sat Feb 24 2024
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