PRUDENTIAL FINANCIAL INC FILES (8-K) Disclosing Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits

Item 2.01 Completion of Acquisition or Disposition of Assets

On April 1, 2022, Prudential Financial, Inc. ("Prudential" or the "Company")
completed the previously announced sale of its Full Service Retirement Business
to Great-West Life & Annuity Insurance Company (the "Buyer"), primarily through
(a) the sale of all of the equity interests in (i) Prudential Retirement
Insurance and Annuity Company ("PRIAC"), (ii) Global Portfolio Strategies, Inc.,
a registered investment advisor, (iii) Prudential Bank & Trust, FSB, and
(iv) Mullin TBG Insurance Agency Services, LLC, (b) the ceding to the Buyer and
its affiliates of certain insurance policies partially comprising the Business
that will be administered by such parties on behalf of The Prudential Insurance
Company of America ("PICA"), and (c) the sale, transfer and/or novation by
Prudential Investment Management Services LLC of certain in-scope contracts and
brokerage accounts. In connection with the closing of the transaction, subject
to customary post-closing adjustments, the Company expects total proceeds of
approximately $2.8 billion, which includes cash consideration for the sale of
PRIAC, ceding commission for the business reinsured to the Buyer and capital
available to be released from PICA. The Company expects one-time costs and taxes
related to the transaction of approximately $400 million. Prudential intends to
use the proceeds from the sale for general corporate purposes.

Item 7.01 Regulation FD Disclosure

The Company is furnishing herewith as Exhibit 99.1 a news release announcing the
transaction described herein.

                           Forward-Looking Statements

Certain of the statements included in this Current Report on Form 8-K, such as
those regarding the receipt and use of proceeds and the expected one-time costs
and taxes related to the transaction described herein, constitute
forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "expects," "believes,"
"anticipates," "includes," "plans," "assumes," "estimates," "projects,"
"intends," "should," "will," "shall" or variations of such words are generally
part of forward-looking statements. Forward-looking statements are made based on
management's current expectations and beliefs concerning future developments and
their potential effects upon Prudential Financial, Inc. and its subsidiaries.
There can be no assurance that future developments affecting Prudential
Financial, Inc. and its subsidiaries will be those anticipated by management.
These forward-looking statements are not a guarantee of future performance and
involve risks and uncertainties, and there are certain important factors that
could cause actual results to differ, possibly materially, from expectations or
estimates reflected in such forward-looking statements. Certain important
factors that could cause actual results to differ, possibly materially, from
expectations or estimates reflected in such forward-looking statements can be
found in the "Risk Factors" and "Forward-Looking Statements" sections included
in the Company's Annual Report on Form 10-K. The Company does not undertake to
update any particular forward-looking statement included in this document.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
  No.       Description

99.1          News release dated April 4, 2022 (furnished and not filed)

104         Cover Page Interactive Data File (embedded within the Inline XBRL document)

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