US insurance giant Prudential Financial was freed from its ‘too-big-to-fail’ tag on October 17, though public data offers scant justification for regulators’ change of heart.
On the contrary, Prudential has grown in size and increased its counterparty exposures since it was first branded a non-bank systemically important financial institution (Sifi) in mid-2013.
At end-2017, the insurer had $832 billion in total consolidated assets, up 17% from end-2012. Separate account liabilities – from
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