Prudential Financial

Prudential Financial, Inc., based in Newark, New Jersey, USA, is one of the largest life insurers in the world, known for its Rock of Gibraltar logo. Besides life insurance, it also sells long-term care and disability insurance and also offers mutual funds and retirement services. Top competitors are AIG and MetLife. In 2006, sales were US$32.5 billion with profits of US$3.4 billion.

Political contributions
Prudential Financial gave $285,600 to federal candidates in the 2006 election through its political action committee - 45% to Democrats, 53% to Republicans, and 2% ($6,000) to independent Joseph Lieberman (I-CT).

Ties to the American Legislative Exchange Council
Prudential has been a corporate funder of the American Legislative Exchange Council (ALEC).

A list of ALEC Corporations can be found here.

Lobbying
The company spent $2,036,718 for lobbying in the first half of 2007. Some lobbying firms used were Blank Rome LLP, Ernst & Young, and Parry Romani DeConcini & Symms.

Open Secrets says, "Prudential was one of several insurance companies in support of the 1999 banking reform bill, which opened the doors for banks and insurance carriers to broaden the scope of their business. Prudential also has joined in efforts to defeat managed care reform, which would give patients broader rights to sue their health plans."

Directors
Accessed December 2007:


 * Arthur F. Ryan
 * Frederic K. Becker
 * Gordon M. Bethune, Former Chairman and Chief Executive Officer, Continental Airlines, Inc.
 * Gov. W. Gaston Caperton III
 * Gilbert F. Casellas
 * James G. Cullen
 * William H. Gray III, Also Director of Dell Inc., JPMorgan Chase & Co., and Pfizer Inc.
 * Jon F. Hanson
 * Constance J. Horner
 * Karl J. Krapek, Director Delta Air Lines, Former Chief Operating Officer of United Technologies Corporation
 * Christine A. Poon
 * James A. Unruh

Contact details
751 Broad Street Newark, NJ 07102 Phone: 973-802-6000 Fax: 973-802-4479 Web: http://www.prudential.com