2Q23 Investor Update
2Q23 Investor Update
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
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 |
2 |
Complementary Businesses at Scale with Long-Term Growth Potential
Earnings Contribution(1)
PGIM
11%
International
Businesses
46% billion
Businesses
43%
Key Statistics
Revenues(2):
|
Adjusted Book Value Per Share(3): |
|
|
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 |
3 |
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
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Expanding access to investing, insurance, and retirement security |
4 |
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
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Expanding access to investing, insurance, and retirement security |
5 |
Attachments
Disclaimer
Oscar Health Announces Strong Financial Results for Second Quarter 2023 – Form 8-K
Apollo Upsizes and Prices Offering of Mandatory Convertible Preferred Stock
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