Prudential Life Insurance and others announced on the 24th that, as of the 8th, they have recognized damages involving 447 customers totaling 2.42 billion yen in a case where employees illicitly received money from clients. Prudential Life has decided to compensate 285 individuals for a total of 1.46 billion yen, with 790 million yen already refunded by employees as of the January announcement. Gibraltar Life Insurance will also compensate 24 individuals, paying a total of 170 million yen. The review by a compensation committee of external experts will continue, aiming for completion by around autumn.
Prudential Financial, Inc.Prudential Life recognized 2.4 billion yen in losses from employee fraud and must compensate customers.