Prudential Financial is the second most admired life/health insurance company in the world, according to FORTUNE magazine.
Prudential achieved the highest ranking of any publicly held life insurance company named on FORTUNE’s 2010 “World’s Most Admired Companies” list. Only mutual company New York Life ranked higher in the Insurance: Life, Health category.
“We are extremely pleased and proud to be ranked as the most admired publicly traded insurance company in the world,” said Prudential Chairman and CEO John Strangfeld. “This ranking is another testament to how the strength of our leadership team and the dedication of our employees have helped us emerge from the economic crisis in a strong position.”
Prudential moved up two spots from its No. 4 ranking on last year’s “Most Admired” list. Among the companies that followed Prudential on the 2010 list were Aflac, MetLife, Northwestern Mutual, AXA, Massachusetts Mutual Life Insurance and TIAA-CREF.
FORTUNE’s “Most Admired” list is considered the definitive report on corporate reputations. To determine this year’s list, the magazine surveyed 667 companies from 33 countries. Executives, directors and analysts were asked to rate companies on nine key attributes of reputation: people management; use of corporate assets; social responsibility; quality of management; financial soundness; long-term investment; quality of products/services; and global competitiveness. Prudential received high marks in the areas of social responsibility, global competitiveness, innovation and long-term investment.
The list appears in FORTUNE’s March 22 issue. The rankings can be viewed online at www.fortune.com, and you can also read the rankings for the life and health insurance companies.
Prudential Financial was rated No. 2 in FORTUNE® magazine’s 2010 World’s Most Admired Companies ranking in the Insurance: Life and Health category. (March 22, 2009). FORTUNE® and World’s Most Admired Companies® are registered trademarks belonging to Time Inc. Article from Prudential California Realty.
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