Prudential Financial (PRU) Investor presentation summary

Strategic vision and growth priorities

• Focus on expanding access to investing, insurance, and retirement security globally, serving 50 million customers in over 50 countries.

• Pursuing higher growth, capital efficiency, and nimbleness through disciplined execution and strategic investments.

• Leveraging a mutually reinforcing business system with global investment management, insurance, and retirement expertise.

• Investing in growth businesses and markets, with a strong emphasis on innovation and customer experience.

• Expanding leadership in retirement strategies, launching new products in Japan, and broadening U.S. product distribution.

Financial strength and capital management

• Maintains AA financial strength rating, supported by $4.3 billion in highly liquid assets and disciplined asset-liability management.

• Adjusted book value per share at $98.71 as of September 30, 2024.

• Returned $721 million to shareholders in 3Q24 through dividends and share repurchases.

• Regulatory capital ratios exceed objectives, with PICA RBC ratio >375% and Japan solvency margin >700%.

• Balanced capital allocation prioritizes financial strength, organic growth, sustainable dividends, acquisitions, and share repurchases.

Business performance and diversification

• $1.6 trillion in assets under management, with revenues of $68 billion and over 40,000 employees.

• Earnings split: U.S. businesses 51%, international 39%, PGIM 10%.

• PGIM manages $1.13 trillion in credit assets, with strong performance and leadership in alternatives, real estate, and private credit.

• U.S. businesses focus on retirement, group insurance, and individual life, with robust multi-channel distribution.

• International businesses maintain market leadership in Japan and expand in high-growth emerging markets.