Prudential Financial Agrees to Sell Operations in Brazil, Mexico for $4.03 Billion Cash

07:03 AM EDT, 10/20/2026 (MT Newswires) -- Prudential Financial (PRU) agreed to sell its operations in Brazil and Mexico to CNP Assurances for about $4.03 billion in cash as it continues its withdrawal from emerging markets, the company said Tuesday. CNP Assurances will acquire Prudential's Brazilian business through its subsidiary CNP Seguradora and its Mexican business through CNP Assurances Holding, Prudential said. Prudential plans to allocate the proceeds toward priority growth areas, including retirement, asset management and select protection businesses in the US, Japan and parts of Europe. The transaction is expected to close in H2 of 2027, it added.