NEW YORK: Prudential Financial Inc, which has already halted sales of some variable annuities, said that it will also consider scaling back its individual life insurance and other “market sensitive, low growth” businesses.
“Life will be one of the businesses we look at in addition to annuities but not the only one, ” said chief executive officer Charles Lowrey in a call with analysts to discuss the New Jersey insurer’s fourth-quarter results.
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