Prudential Financial sells life insurance, annuities and retirement products, along with asset management services, one of the largest insurance and financial services companies in the United States. Its life insurance business provides death benefit protection to policyholders, while its annuity products help individuals convert savings into guaranteed income streams, particularly relevant for retirement planning as people live longer and need income that outlasts their working years. Prudential's asset management business, including its PGIM investment management arm, manages assets on behalf of institutional and retail clients, giving the company fee-based revenue alongside its core insurance underwriting operations. The company's profitability depends on collecting sufficient premiums relative to the claims and benefits it eventually pays out, along with investment income earned on its substantial reserves backing life insurance and annuity obligations, making its results sensitive to both mortality trends and financial market performance.