3Q22 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

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

Complementary Businesses at Scale with Long-Term Growth Potential

Earnings Contribution(1)

PGIM 15%

International

Businesses $5.0

40%

billion

U.S.

Businesses

45%

Key Statistics

Revenues(2):$63B

Adjusted Book Value Per Share(3):	$102.26

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

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 Mercado Libre in Brazil and Argentina

Launched yen-denominated investment

product in Japan

Expanded digital sales application in Brazil

Investing in businesses to support long-term growth

Expanding access to investing, insurance, and retirement security

Achieved $750 Million of Cost Savings One Year Ahead of Target

($ in millions)				Achieved $765 million of
					run-rate savings,
					above 2023 target

	$50	$400	$635

Run-Rate Savings

$750

2019

2020

2021

Reducing costs while enhancing employee and customer experience

Note: Realized cost savings of ~$180 million in 3Q22, for a total of ~$525 million year-to-date.

Expanding access to investing, insurance, and retirement security

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Prudential Financial Inc. published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 03:33:46 UTC.