Prudential Retirement Insurance & Annuity Co.
Prudential Retirement Insurance & Annuity Co (PRIAC) is an affiliate of Prudential Financial, headquartered in Newark, New Jersey. PRIAC specializes in retirement-related insurance and annuity products for institutional and individual clients, providing solutions for pension risk transfers, payout annuities, guaranteed investment contracts, and stable value products. As part of Prudential Financial’s broader operations, PRIAC benefits from global expertise in insurance, retirement, and investment management. The Prudential organization traces its origins to 1875 and is a Fortune Global 500 company with a diverse, multinational employee base serving clients worldwide.
Investment Strategy
PRIAC focuses on institutional retirement and annuity solutions, offering products such as payout annuities, group annuities, structured settlements, guaranteed investment contracts, institutional notes, and stable value products to corporate plans, public pension systems, and other institutional investors. The firm's approach includes innovative product design, diligent risk management, and asset-liability matching to help customers manage retirement income risks and optimize long-term financial outcomes. PRIAC leverages Prudential's scale, resources, and investment expertise through PGIM to deliver these solutions across fixed income, real estate, and multi-asset strategies for institutional and retail clients.
Top Holdings
Equity Positions (1)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LQD | ISHARES TR IBOXX USD INVT GRADE CORP BD ETF | 100.00% | $269.3M | 2,456,850 | $105.43 | $109.61 | +$2.3M |