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Prudential Financial announces sale of Prudential of Brazil and Prudential of Mexico to CNP Assurances

PRU
  • Prudential Financial entered definitive agreements to sell its Brazilian & Mexican subsidiaries to CNP Assurances Group for $4.025 billion in cash.
  • The transaction advances Prudential's strategy to exit emerging markets while directing capital toward high-growth opportunities in the U.S., Japan, & select European markets.
  • Prudential of Brazil will be sold to CNP Seguradora, while Prudential of Mexico will be transferred to CNP Assurances Holding.
  • The deal follows recent closures of joint venture sales in Indonesia, South Africa, & Kenya, totaling Prudential's exit from emerging markets.
  • CNP Assurances views the acquisition as a major step to expand its Latin American presence, leveraging the target companies' Life Planner networks & customer relationships.
  • The transaction is expected to close in the second half of 2027, subject to regulatory approvals & other customary closing conditions.
  • Prudential intends to use the proceeds to support capital allocation priorities & invest in retirement, asset management, & protection businesses.
  • Morgan Stanley served as financial advisor to Prudential, while Goldman Sachs served as financial advisor to CNP Assurances.
  • Prudential manages approximately $1.6 trillion in assets as of June 30, 2026, with operations across the U.S., Asia, Europe, & Latin America.
  • CNP Assurances is a France-based insurer, the second-largest provider of mortgage loan insurance in France, & the third-largest insurer in Brazil.