Subsidy Tracker Parent Company Summary
Parent Company Name:
Prudential Financial
Ownership Structure:
publicly traded (ticker symbol PRU)
Headquartered in:
New Jersey
Major Industry:
financial services
Specific Industry:
insurance
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $450,289,689 | 15 |
| Federal (grants and allocated tax credits) | $10,324,052 | 4 |
| TOTAL | $460,613,741 | 19 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $2,456,800,000 | 6 |
| TOTAL | $2,456,800,000 | 6 |
Time Period for State and Local Awards:
Earliest year of data: 1999. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.
Time Period for Federal Awards:
FY2000 to the present
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amount in the Megadeal entry and that of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
Prudential Financial; PRUDENTIAL INSURANCE
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New Jersey | $434,105,947 | 2 |
| Connecticut | $12,600,000 | 2 |
| Iowa | $1,435,357 | 2 |
| Texas | $1,277,302 | 2 |
| Arizona | $465,644 | 2 |
| All other | $405,439 | 5 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Sayreville Seaport Associates LP (majority-owned by Prudential) | New Jersey | state | 2014 | $223,277,590 |
MEGADEAL  |
|
| Prudential Financial Inc. | New Jersey | state | 2012 | $210,828,357 | tax credit/rebate | |
| Prudential Financial | New Jersey | state | 2012 | $210,828,357 |
MEGADEAL |
|
| Prudential Retirement Insurance and Annuity Company | Connecticut | state | 2009 | $8,000,000 | tax credit/rebate | |
| The Prudential Insurance Company of America | United States | federal | 2014 | $5,282,145 | federal grant | |
| Prudential Retirement Insurance and Annuity Company | Connecticut | state | 2009 | $4,600,000 | grant/loan hybrid program | |
| The Prudential Insurance Company of America | United States | federal | 2011 | $2,463,601 | federal grant | |
| The Prudential Insurance Company of America | United States | federal | 2011 | $1,423,735 | federal grant | |
| Prudential Insurance Co. 1999-EZ-06 | Iowa | state | 1999 | $1,225,000 | enterprise zone | |
| Prudential Insurance and HGS | Texas | state | 2014 | $1,200,000 | grant | |
| The Prudential Insurance Company of America | United States | federal | 2012 | $1,154,571 | federal grant | |
| Prudential Real Estate & Relocation Services | Arizona | state | 2006 | $328,341 | training reimbursement | |
| Prudential Retirement and Annuity Company | Iowa | state | 2005 | $210,357 | training reimbursement | |
| Prudential Real Estate & Relocation Services | Arizona | state | 2002 | $137,303 | training reimbursement | |
| Prudential Group Insurance | Maine | state | 2008 | $126,741 | tax credit/rebate | |
| The Prudential Insurance Company of America | Maine | state | 2009 | $106,864 | tax credit/rebate | |
| The Prudential Insurance Company of America | Maine | state | 2010 | $90,398 | tax credit/rebate | |
| Prudential Insurance | Texas | local | 2014 | $77,302 | tax credit/rebate | |
| The Prudential Insurance Company of America | Maine | state | 2010 | $57,412 | tax credit/rebate | |
| The Prudential Insurance Company of America | Maine | state | 2009 | $24,024 | tax credit/rebate | |
| Prudential Financial Inc. | United States | federal | 2008 | $793,000,000 | federal loan or loan guarantee | |
| Prudential Financial Inc. | United States | federal | 2009 | $745,800,000 | federal loan or loan guarantee | |
| Prudential Financial Inc. | United States | federal | 2009 | $371,500,000 | federal loan or loan guarantee | |
| Prudential Financial Inc. | United States | federal | 2008 | $347,800,000 | federal loan or loan guarantee | |
| Prudential Financial Inc. | United States | federal | 2008 | $99,400,000 | federal loan or loan guarantee | |
| Prudential Financial Inc. | United States | federal | 2008 | $99,300,000 | federal loan or loan guarantee | |
| The Prudential Insurance Company of America | Maine | state | 2009 | undisclosed | enterprise zone | |
| PRUDENTIAL FINANCIAL IMCORPORATED | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INSURANCE CO OF AMER | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INSURANCE CO. OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INSURANCE CO OF AMER | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL INCORPORATED | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL, INC. | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL, INC. | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL, INC. | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INS CO OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INS CO OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INS CO OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INS CO OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL, INC. | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| THE PRUDENTIAL INS CO OF AMERICA | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| PRUDENTIAL FINANCIAL, INC. | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement |
