Candace Woods FSA, MAAA

Biography for Candace Woods.

Portrait of Candace Woods.

Senior Vice President and Chief Actuary, Prudential Financial, Inc.
Board Member, Penn State Smeal College of Business Board of Visitors

Candace Woods '82 was named senior vice president and chief actuary in November 2017. In this role, Woods oversees all actuarial functions across Prudential, and reports to the Board on actuarial matters. She also serves as the appointed actuary with Prudential Insurance Company of America.

Previously, Woods served as vice president and chief actuary of Prudential’s International Insurance from 2013 to 2017. Her actuarial oversight responsibilities included working with Prudential Financial’s international insurance operations on a variety of actuarial and financial matters. She also served on the Board of Directors of DHFL Pramerica Life Insurance, Prudential’s joint venture in India. From 2010 to 2012, Woods was vice president and actuary in Corporate Actuarial, where her primary responsibilities were corporate oversight of the actuarial aspects of GAAP reporting and pricing of insurance products. She also served as the Appointed Actuary for Pruco Life Insurance Company and Pruco Reinsurance.

Before joining Corporate Actuarial, Woods led the Actuarial Financial Reporting and Life MIS units in Individual Life, where she was responsible for reserve valuation and DAC reporting, reinsurance administration, actuarial infrastructure development, and Life MIS reporting. Prior assignments included responsibility for Individual Life pricing, experience assumption analysis and financial modeling.

Woods joined Prudential in 1982, as a participant of the Actuarial Leadership Development Program. After a series of rotational assignments in both Individual Life and Group Life and Health, she attained her Fellowship in the Society of Actuaries (FSA) in 1988. She is also a member of the American Academy of Actuaries (MAAA).

Woods has a Bachelor of Science degree in mathematics from the Pennsylvania State University.