Item 8.01 Other Events.

Closing of Sale of Prudential of Korea

On August 31, 2020, pursuant to the terms of a Share Purchase Agreement (the "Share Purchase Agreement") between Prudential International Insurance Holdings, Ltd. ("PIIH"), a subsidiary of Prudential Financial, Inc. ("Prudential" or the "Company"), and KB Financial Group Inc. (the "Buyer"), dated April 10, 2020, PIIH completed its sale of all of the issued and outstanding capital stock of The Prudential Life Insurance Company of Korea, Ltd. ("POK"), the Company's Korean insurance business, to Buyer, for cash consideration of approximately 2.3 trillion Korean Won, equal to approximately U.S. $1.9 billion.

A copy of the Share Purchase Agreement was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on April 10, 2020, and is incorporated herein by reference. The foregoing description of the Share Purchase Agreement is qualified in its entirety by reference to the Share Purchase Agreement.

Forward-Looking Statements

Certain of the statements included in this Current Report on Form 8-K constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "anticipates," "includes," "plans," "assumes," "estimates," "projects," "intends," "should," "will," "shall" or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. There can be no assurance that future developments affecting Prudential Financial, Inc. and its subsidiaries will be those anticipated by management. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the "Risk Factors" and "Forward-Looking Statements" sections included in the Company's Annual Report on Form 10-K and subsequent Quarterly Reports of Form 10-Q. The Company does not undertake to update any particular forward-looking statement included in this document.

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