4Q21 Investor Update
4Q21 Investor Update
Prudential Investment Thesis
|
ROCK SOLID |
DIFFERENTIATED |
DISCIPLINED |
|
Demonstrated 
|
Thoughtful strategies |
Positioned for |
|
financial strength |
and business design |
long-term growth |
|
produce 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 Retirement business to Divested and Run-off Businesses in Corporate & Other. Full Service results are excluded from adjusted operating income as a result of the operation being held-for-sale. 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.
|
Invest | Insure | Retire | Plan |
2 |
Complementary Businesses at Scale with Long-Term Growth Potential
Earnings Contribution(1)
PGIM
18%
International
Businesses
38%
billion
Businesses
44%
Key Statistics
Revenues(2):
|
Adjusted Book Value Per Share(3): |
|
|
Employees(4): |
Approx. 40,000 |
|
Adjusted Dividend Yield(5): |
4% |
Note: Prior periods restated for reclassification of results of Full Service Retirement from the Retirement business to Divested and Run-off Businesses in Corporate & Other.
- Based on last twelve months of pre-tax adjusted operating income through 4Q21. Pie chart excludes Corporate & Other operations loss of
$1,607 million . See reconciliation of non-GAAP measures in Appendix for more information. - Based on last twelve months of revenue on a pre-tax adjusted operating income basis through 4Q21.
- As of
December 31, 2021 . See reconciliation of non-GAAP measures in Appendix for more information. - As of
December 31, 2020 . - Based on 4Q21 annualized dividend per share divided by adjusted book value per share.
|
Invest | Insure | Retire | Plan |
3 |
Executing on Plans to Reposition the Business
Divestitures
- Prudential of
Korea - Prudential of
Taiwan - Full Service Retirement business(1)
- PALAC traditional Variable Annuity block(1)
- Programmatic acquisitions and investments in asset management and emerging markets:
-
Montana Capital Partners - Green Harvest Asset Management
ICEA LION Holdings
Acquisitions
Becoming a higher growth, less market sensitive company
- Each of the planned sales of the Full Service Retirement business and the PALAC traditional Variable Annuity block is expected to be completed during the first half of 2022.
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Invest | Insure | Retire | Plan |
4 |
On Track to Achieve
|
($ in millions) |
|||||||||
|
2023 |
|||||||||
|
|
|
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Target |
||||||
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Run-Rate Savings |
|
|
2019 |
2020 |
2021 |
Exceeded run-rate savings target of
Note: Realized cost savings of
|
Invest | Insure | Retire | Plan |
5 |
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