Japan Called By Prudential: “The Land Of The Rising Premium”


Prudential financial doubled down last February on a large long-term stake on Japan by way of its $4.8 billion purchase of American International Group's Star and Edison life-insurance procedures in that country.  A few weeks later, Japan was hit by earthquake and tsunami with 23,000 people left dead and devastated billions of dollars’ cost of property.  The forbidding news hauled the rug out from underneath the post-financial-calamity reclamation in Pru's stocks, plummeting them to 60 from 68. The Dow's failure last week left them at 54.74.  The natural calamities has not only affected Prudential tremendously but also concealed its accomplishments in Japan.

 

Excerpt:

“Slammed by Japan's natural disasters and Wall Street's man-made woes, the insurer's shares have nosedived. Investors are focusing on the wrong Tokyo story.

 

Original article can be found at:

http://online.barrons.com/article/SB50001424052702304183104576488413229552474.html

 

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