#401 | Assurance IQ and the End of an Era

person writing on graph paper

Prudential’s first quarter earnings release held a simultaneously shocking and yet completely predictable announcement – Assurance IQ is being formally shut down. It’s completely predictable because Prudential had already booked hundreds of millions in operating losses on Assurance IQ, pivoted the business model, downsized the staff, written down almost the entire purchase price, stopped reporting […]