Prudential Financial (PRU) Investor presentation summary

Strategic positioning and business model

• Operates a globally integrated set of businesses with 50 million customers in over 50 countries and $1.6 trillion in assets under management as of September 30, 2025.

• Business model leverages synergies between insurance, asset management (PGIM), and reinsurance to drive growth and shareholder value.

• Focuses on sustainable, profitable growth through disciplined execution, high-performance culture, and continuous improvement.

• Maintains a balanced approach to capital allocation, prioritizing financial strength, organic growth, dividends, acquisitions, and share repurchases.

• Differentiated by thoughtful strategies, business design, and a strong brand reputation.

Financial strength and capital management

• Demonstrates robust financial strength with highly liquid assets of $3.9 billion and strong solvency ratios (PICA RBC > 375%, Japan solvency margin > 700%).

• Adjusted book value per share stands at $99.25 as of September 30, 2025.

• Maintains AA-level capital standards and significant off-balance sheet resources, including credit facilities and contingent capital.

• Asset leverage and risk management practices are in line with or better than industry peers.

• Balance sheet resilience supported by disciplined asset-liability management and effective hedging programs.

Business segment highlights

• U.S. businesses contribute 49% of earnings, focusing on retirement, group insurance, and individual life with strong multi-channel distribution and digital enablement.

• International businesses contribute 40% of earnings, led by a market-leading franchise in Japan and expansion in high-growth emerging markets.

• PGIM, the asset management arm, contributes 11% of earnings, with $1.18 trillion in credit assets and leadership in public/private credit and alternatives.

• PGIM's investment performance is strong, with 74% and 78% of AUM outperforming benchmarks over 5 and 10 years, respectively.