Prudential Unrealized Loss Climbs 36% on Financial Firms' Debt
By Stephanie Luke
May 8, 2009
May 8 (Bloomberg) -- Prudential Financial Inc., the second- largest U.S. life insurer, said unrealized losses on corporate debt issued by financial firms widened by 36 percent to $1.58 billion in the first quarter.
The loss, disclosed today by the Newark, New Jersey-based insurer, compares with $1.16 billion at the end of 2008.
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