[Breaking News]Prudential Life Insurance apologizes over defrauding of clients

TOKYO, Japan, Jan. 23 Kyodo - Prudential Life Insurance Co. President Kan Mabara bows in apology at a press conference in Tokyo on Jan. 23, 2026, after around 100 of its employees and former employees were found to have improperly borrowed or defrauded clients out of some 3.1 billion yen ($19.5 million). (Kyodo)

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference. Photo shows from right: Kan Mabara, President of Prudential Life Insurance; Bradford O'Hearn, President of Prudential Holdings of Japan; and Hiromitsu Tokumaru, incoming President of Prudential Life Insurance.=January 23,2026,Tokyo

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference. Photo shows from right: Kan Mabara, President of Prudential Life Insurance; Bradford O'Hearn, President of Prudential Holdings of Japan; and Hiromitsu Tokumaru, incoming President of Prudential Life Insurance.=January 23,2026,Tokyo

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference. Photo shows from right: Kan Mabara, President of Prudential Life Insurance; Bradford O'Hearn, President of Prudential Holdings of Japan; and Hiromitsu Tokumaru, incoming President of Prudential Life Insurance.=January 23,2026,Tokyo

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference. Photo shows from right: Kan Mabara, President of Prudential Life Insurance; Bradford O'Hearn, President of Prudential Holdings of Japan; and Hiromitsu Tokumaru, incoming President of Prudential Life Insurance.=January 23,2026,Tokyo

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference

Prudential Life Insurance Press Conference. Photo shows from right: Kan Mabara, President of Prudential Life Insurance; Bradford O'Hearn, President of Prudential Holdings of Japan; and Hiromitsu Tokumaru, incoming President of Prudential Life Insurance.=January 23,2026,Tokyo

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance Co. President Kan Mabara (far R) bows in apology at a press conference in Tokyo on Jan. 23, 2026, after around 100 of its employees and former employees were found to have improperly borrowed or defrauded clients out of some 3.1 billion yen ($19.5 million).

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance Co. President Kan Mabara (R) bows in apology at a press conference in Tokyo on Jan. 23, 2026, after around 100 of its employees and former employees were found to have improperly borrowed or defrauded clients out of some 3.1 billion yen ($19.5 million).

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance apologizes over defrauding of clients

Prudential Life Insurance Co. President Kan Mabara holds a press conference in Tokyo on Jan. 23, 2026, after around 100 of its employees and former employees were found to have improperly borrowed or defrauded clients out of some 3.1 billion yen ($19.5 million).