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August 8, 2023 Newswires No comments

2Q23 Investor Update

U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT

Expanding access to investing, insurance, and retirement security

Prudential Investment Thesis

ROCK SOLID	DIFFERENTIATED	DISCIPLINED
Demonstrated financial	Thoughtful strategies and	Positioned for
strength	business design produce	long-term growth
	differentiated outcomes

TRANSFORMING TO BECOME A HIGHER GROWTH, LESS MARKET SENSITIVE, MORE NIMBLE BUSINESS

145+ years

of service and commitment to providing insurance protection

$1.4 trillion

in assets under management supporting diversified businesses(1)

50 million

customers in over 50 countries

10%

5-yr Annual Dividends Per Share CAGR(2)

As of June 30, 2023.
From 2017 to 2022; based on annual dividend per share.

Expanding access to investing, insurance, and retirement security

Complementary Businesses at Scale with Long-Term Growth Potential

Earnings Contribution(1)

PGIM

11%

International $5.1

Businesses

46% billion

U.S.

Businesses

43%

Key Statistics

Revenues(2):$61B

Adjusted Book Value Per Share(3):	$97.38

Employees(4):	Approx. 40,000

Adjusted Dividend Yield(5):	5%

Based on last twelve months of pre-tax adjusted operating income through 2Q23. Pie chart percentages exclude Corporate & Other operations loss of $1,952 million. See reconciliation of non-GAAP measures in Appendix for more information.
Based on last twelve months of revenue on a pre-tax adjusted operating income basis through 2Q23.
As of June 30, 2023. See reconciliation of non-GAAP measures in Appendix for more information.
As of December 31, 2022.
Based on 2Q23 annualized dividend per share divided by adjusted book value per share.

Expanding access to investing, insurance, and retirement security

Competitive Advantages Support Strategic Execution

Leverage our Strengths:

Leading global asset manager
Best-in-classliability origination
Cross-businesssynergies
Omni-channeldistribution
Strong brand reputation
Track record of fulfilling promises

Execute on Strategic Priorities:

Invest in growth businesses and

markets around the world

Deliver industry-leading customer and client experiences, blending human touch with advanced technology

Create the next generation of financial solutions to serve the diverse needs of a broader range of customers and clients

Expanding access to investing, insurance, and retirement security

Transforming our Business for Sustainable Growth

Reducing market

sensitivity and

increasing capital

flexibility

Enhancing

capabilities and increasing growth

Optimizing

operating efficiency

Completed $10B traditional variable annuity reinsurance transaction
Announced agreement to reinsure $12.5B of guaranteed universal life policies
Expanded third-party distribution channels
Continued sales mix shift to meet evolving customer needs
Maximizing the benefits of our mutually reinforcing business mix
Improved customer experience through enhanced sales, service, and claims platforms
Evolving operating model, simplifying organizational structure, streamlining decision making

Expanding access to investing, insurance, and retirement security

Attachments

Disclaimer

Prudential Financial Inc. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 01:02:42 UTC.