Prudential Financial To Acquire Allstate Financial's Variable Annuity Business; Transaction Will Make Prudential The Third Largest Provider of Advisor

Prudential Financial, Inc. today announced it has signed an agreement to acquire Allstate Financial's variable annuity business through a reinsurance transaction. Prudential's initial investment in the business, reflecting total consideration to Allstate, related taxes, and capital requirements, is expected to be approximately $560 million.

Read Full Story: Prudential Financial To Acquire Allstate Financial's Variable Annuity Business; Transaction Will Make Prudential The Third Largest Provider of Advisor
Source: Business Wire

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