Pension Risk Transfer
Prudential has been an innovator and leader in the risk transfer market since 1928, partnering with clients to deliver solutions that meet each organization's unique needs.
Prudential has been a reliable PRT partner for nearly a century. Read Prudential's statement on our commitment to the PRT market and fulfilling promises to those we serve. Read all about it.
A pioneer in pension risk transfer (PRT) strategies
For nearly 100 years, Prudential has been a leader in helping plan sponsors meet their obligations to retirees through innovative transactions. We manage the volatility and uncertainty associated with pension plans by transferring risk through buy-outs, buy-ins, and plan terminations by providing added financial security and peace of mind to plan sponsors, retirees, and participants.
#1 Largest manager of pension risk transfer assets.1
Over $110 billion in pension risk transfer transactions since 2012.2
150+ plan transitions since 2012, with 7 of the 10 largest U.S. PRT transactions.³
We manage the risks and keep the promises of:
Pension plans
$246 billion in retirement assets under management.⁴
Retiree medical plans
Developed first buy-in solution for sponsors of retiree medical benefits.
Retiree life insurance plans
Second largest group life carrier,¹ with the ability to fully settle retiree life insurance obligations.
A history of pension risk transfer innovation since 1928
When numerous U.S. insurers were scaling back their involvement in the pension market amidst the financial crisis of 2008 and 2009, Prudential was strategically assembling a robust pension risk transfer team and solutions that would transform this market.
An industry redefined: Our landmark $25B pension buy out
Gain exclusive insight into our historic deal with General Motors and hear directly from the Prudential team members who have played a pivotal role in shaping modern day pension risk management.
Today, our team helps companies of all sizes keep their pension promises, including:
- General Motors
- Verizon
- Motorola
- Kimberly-Clark
- J.C. Penney
- WestRock
- RTX Corporation
- Timken
- Boise Cascade
- Lockheed Martin
- Owens-Illinois
- The Hartford
- International Paper
- Baxter International
- Philips
- Hewlett Packard
- IBM
- Shell USA, Inc.
- Sound Retirement Trust
Footnotes:
- LIMRA, U.S. Group Annuity Risk Transfer Survey, fourth quarter 2024.
- Prudential Retirement Strategies as of December 31, 2024.
- Prudential Retirement Strategies, LIMRA as of December 31, 2024.
- Prudential Retirement Strategies as of September 30, 2024.
For compliance use only: 1085002-00003-00
A Pension Risk Transfer (PRT) leader
Prudential knows the PRT market and understands the challenges plan sponsors face, including those leading up to implementing a transaction. We have the knowledge and experience to faithfully manage and deliver on your organization's pension promises.
Please see our guide to learn more about how PRT can help protect your retirees' financial security.
Experience
Unrivaled and proven pension knowledge.
Our abilities are why Prudential understands individual plan sponsors, can price fairly, guarantee the payments through disciplined investing, and customize transactions to get a plan sponsor exactly what it needs. We can support any type of pension plan structure and benefit type–from salary to hourly, executive to entry level. We also have extensive experience with union members, proudly guaranteeing the benefits of hundreds of thousands of present and future retirees.
We offer three dominant capabilities in one insurer—many companies have experience in some of these areas, but Prudential excels in all three:
Actuarial experience
Asset management capability
Service delivery
Our customer-centric philosophy
Prudential works tirelessly to deliver for our plan sponsor clients and their retirees—we know it matters to them, their shareholders, and their participants.
Pension risk transfer can be complicated—but we’ll do a lot of the heavy lifting
We’ve done this before. Some pension risk transfer transactions can take years, some have been executed in as little as a few months. We know how to get it done—it's what we re great at.
A relentless team
Our dedicated and experienced team is proactive, delivering flexible strategies to help meet the unique needs of each plan sponsor we serve. Challenges? We re ready for them. And, chances are, we ve already overcome similar.
Innovation
Strategies only a veteran leader would know to create, develop, and implement.
We've navigated and successfully executed some of the most complex risk transfers in the industry, making us a trusted insurer for plan sponsors. Our capabilities ensure that even the most intricate transactions are handled with precision and confidence.
Prudential can help you navigate and find the right strategy for your organization.
Service
Excellence drives our participant service centers.
Prudential is committed to helping to protect the life’s work of retirees that depend on us. We provide exceptional support and reliable annuity payments, handle over two million calls annually, and have nearly 350 Customer Experience Advocates available to support our annuitants.
Our in depth, comprehensive data integrity review helps ensure we can locate and properly administer accurate benefit payments for both current and future payees.
With Prudential, you can be confident knowing that your benefit payments are in good hands, backed by a history of excellence and reliability.
We know there are real people counting on us
It’s a sacred obligation. Retirees rely on us for their financial security. It’s a privilege with high stakes that we take seriously.
Strength
Undeniable commitment that stands up through time.
Prudential Financial is recognized as one of the world's most admired companies because of our long, rich history of delivering on our promises.
For 150 years, we’ve stood by our commitments through a rigorous investment approach that ensures we meet our obligations. We'll help protect the life's work of your retirees.
Enduring resilience
Prudential has stood the test of time delivering customized solutions that help meet our clients needs. Pension risk transfer isn’t one size fits all. Many of our completed deals weren’t straightforward and came with unexpected challenges that we overcame.
Prudential's industry ratings
A+
A.M. Best Company
(2nd category of 16)
Superior ability to meet ongoing insurance obligations
AA-
Fitch Ratings
(4th category of 21)
Very strong capacity to meet policyholder and contract obligations
AA-
Standard & Poor's
(4th category of 21)
Very strong financial security characteristics
Aa3
Moody's
(4th category of 21)
High quality and very low credit risk
For compliance use only: 1085002-00003-00
Thought Leadership
For compliance use only: 1085026-00002-00
For compliance use only: 1085081-00002-00
Prudential Delivers
We work tirelessly for our plan sponsor clients, their participants, and retirees—we know it matters to them, their shareholders, and their employees, past and present.
For general inquiries, please contact Our Team Opens in a new window
Active retirees and participants can visit our Retirement Gateway.
Disclaimer
Pension and Medical Risk Transfer products are insurance products issued by The Prudential Insurance Company of America (PICA), Newark, NJ, a wholly owned subsidiary of Prudential Financial, Inc. (PFI). PICA is solely responsible for its contractual and financial obligations. Guarantees are dependent on the claims paying ability of PICA and are subject to certain terms, conditions, and limitations. Certain insurance products used to transfer pension risk, including PICA's Portfolio Protected Buy-Out and Portfolio Protected Buy-In, may utilize a separate account established by PICA, in which case, premium paid to PICA under the group annuity contract is deposited into a separate account.
The payment obligations specified in the group annuity contracts for such products are insurance claims supported by the assets in the separate account, and if such assets are not sufficient, by the claims paying ability of PICA, subject to certain terms, conditions, and limitations.
This material is intended for informational purposes only.
Before entering into a transaction or pursuing a strategy of the types described herein, you should consider the suitability of the transaction or strategy to your particular circumstances and independently review (with your professional advisors as necessary) the specific financial risks as well as the legal, regulatory, investment, credit, tax, and accounting consequences. Products not available in all states.
Ratings are as of July 30, 2025. While ratings can be objective indicators of an insurance company's financial strength and can provide a relative measure to help select among insurance companies, they are not guarantees of the future financial strength and/or claims paying ability of a company and do not apply to any underlying variable investment options, which are subject to market risk. The broker dealer and/or insurance company from which a policy is purchased, the insurance agency from which a policy is purchased, and any affiliates of those entities make no representations regarding the quality of the analysis conducted by the rating agencies.The rating agencies are not affiliated with the above mentioned entities nor were they involved in any rating agency's analysis of the insurance companies.
The ratings are subject to change and do not reflect any subsequent rating agency actions. We make every effort to update our literature as soon as possible after a ratings change. Please visit our investor relations site, www.investor.prudential.com/ratings/default.aspx Opens in a new window, for the most current ratings information.
© 2025 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
CA Certificate of Authority (PICA) For Compliance Use Only #1179