Prudential Financial to sell its National and New Jersey property and casualty businesses

May 2003

Prudential Financial announced that it has signed a definitive agreement to sell its property and casualty insurance companies that operate nationally, in 47 states outside New Jersey, and the District of Columbia to Liberty Mutual Group.  The company also announced that it has signed a definitive agreement with Palisades Group for the sale of its New Jersey property and casualty insurance companies, which operate only in New Jersey.

Source:  Prudential Financial website