Prudential Financial sells Brazil, Mexico units to CNP Assurances for $4.025B

Prudential Financial has agreed to sell its Brazil and Mexico insurance operations to CNP Assurances for $4.025 billion in cash. The deal is expected to close in the second half of 2027. Prudential will use the proceeds to invest in its core retirement, asset management, and protection businesses in the U.S., Japan, and Europe.