2Q22 Investor Update

2Q22 Investor Update

Expanding access to investing, insurance, and retirement security

Complementary Businesses at Scale with Long-Term Growth Potential

Note: Prior periods restated for reclassification of results of Full Service Retirement from the former Retirement business to Divested and Run-off Businesses in Corporate & Other.

1. Based on last twelve months of pre-tax adjusted operating income through 2Q22. Pie chart percentages exclude Corporate & Other operations loss of $1,574 million. See reconciliation of non-GAAP measures in Appendix for more information.
2. Based on last twelve months of revenue on a pre-tax adjusted operating income basis through 2Q22.
3. As of June 30, 2022. See reconciliation of non-GAAP measures in Appendix for more information.
4. As of December 31, 2021.
5. Based on 2Q22 annualized dividend per share divided by adjusted book value per share.

Executing on Plans to Reposition the Business

Reducing market sensitivity and investing in businesses to support higher growth

1. Completed sales of the Full Service Retirement business and the PALAC traditional Variable Annuity block in April 2022.
2. Completed acquisition of 15% strategic minority interest of Alexforbes in South Africa in 2Q22 and launched a public tender offer to increase stake up to 33%.