AM Best Comments on Credit Ratings of Prudential Financial, Inc. and Its Subsidiaries Following Its Announced Acquisition of Assurance IQ, Inc.
2019 SEP 13 (NewsRx) -- By a
Assurance is a leading direct-to-consumer solutions platform for health and financial wellness needs. The transaction, which is expected to close early in the fourth quarter of 2019, includes total upfront consideration of
This acquisition should enhance Prudential’s business profile and further accelerate its current financial wellness strategy by providing individuals with retail solutions that address broader financial needs. Assurance also will complement Prudential’s financial wellness platforms such as LINK. This further demonstrates Prudential’s efforts toward innovation and technology as a way to expand its reach and leverage data analytics. AM Best will continue to monitor the announced acquisition as well as the longer-term financial impacts, which are expected to be accretive to earnings. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases. AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20190905005987/en/
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