3Q22 Investor Update
3Q22 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
|
14% |
10% |
7% |
|
Adjusted Operating ROE(1) |
5-yr Annual Dividends Per Share CAGR(2) |
5-yr Adjusted BVPS CAGR(3) |
- Based on 2021 after-tax adjusted operating income and average adjusted book value. Adjusted operating income reflects the reclassification of results of Full Service Retirement from the former Retirement business, which is now the Institutional Retirement Strategies business, to Divested and Run-off Businesses in Corporate & Other. Full Service Retirement results are excluded from adjusted operating income as a result of the operation being held-for-sale prior to its disposition on
April 1, 2022 . See reconciliation of non-GAAP measures in Appendix for more information. - From 2016 to 2021; based on annual dividend per share.
- From 2016 to 2021; based on adjusted book value. See reconciliation of non-GAAP measures in Appendix for more information.
|
Expanding access to investing, insurance, and retirement security |
2 |
Complementary Businesses at Scale with Long-Term Growth Potential
Earnings Contribution(1)
PGIM 15%
International
Businesses
40%
billion
Businesses
45%
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 3Q22. Pie chart percentages exclude Corporate & Other operations loss of
$1,439 million . See reconciliation of non-GAAP measures in Appendix for more information. - Based on last twelve months of revenue on a pre-tax adjusted operating income basis through 3Q22.
- As of
September 30, 2022 . See reconciliation of non-GAAP measures in Appendix for more information. - As of
December 31, 2021 . - Based on 3Q22 annualized dividend per share divided by adjusted book value per share.
|
Expanding access to investing, insurance, and retirement security |
3 |
Executing on Plans to Reposition the Business
Expanding access to retirement security
Selected for second largest
PRT transaction in history
Maintaining strong FlexGuard sales
Delivering industry leading digital
experiences on service/claims platforms
Investing in growth globally
Expanded partnership with e-commerce platform
Launched yen-denominated investment
product in
Expanded digital sales application in
Investing in businesses to support long-term growth
|
Expanding access to investing, insurance, and retirement security |
4 |
Achieved
|
($ in millions) |
Achieved |
||||||||
|
run-rate savings, |
|||||||||
|
above 2023 target |
|||||||||
|
|
|
|
|||||||
|
Run-Rate Savings |
|
|
2019 |
2020 |
2021 |
Reducing costs while enhancing employee and customer experience
Note: Realized cost savings of
|
Expanding access to investing, insurance, and retirement security |
5 |
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Attachments
Disclaimer
Inter Valley Health Plan ends operations after 43 years in Pomona [Inland Valley Daily Bulletin, Calif.]
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