US insurer faces up to $575m operating profit hit from misconduct at Japanese arm
Prudential's Japanese operation is the second largest for the group after the U.S. (Photo by Kaisuke Ohta)
NEW YORK/TOKYO -- Prudential Financial intends to maintain a footprint in the Japanese market "for decades to come," CEO Andrew Sullivan said, despite the fraudulent practices at a local subsidiary impacting the U.S. company's pretax adjusted operating profit by up to $575 million this year.
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