Prudential Financial (PRU) Investor presentation summary

Strategic positioning and business model

• Operates a diversified, integrated set of businesses across investment management, U.S., and international insurance, with $1.5 trillion in assets under management and 50 million customers in over 50 countries.

• Business model leverages global investment expertise, strong brand, omni-channel distribution, and cross-business synergies to deliver competitive advantage and sustainable growth.

• Focused on evolving strategy, improving execution, and fostering a high-performance culture to drive long-term, profitable growth.

• Strategic priorities include investing in growth markets, delivering innovative financial solutions, and enhancing customer experiences through technology.

Financial strength and capital management

• Maintains a robust balance sheet with $4.9 billion in highly liquid assets and strong statutory solvency ratios supporting AA financial strength.

• Adjusted book value per share stands at $96.37, with an adjusted dividend yield of 5.6% and a five-year annual dividend per share CAGR of 5%.

• Disciplined asset liability management and diversified, high-quality investment portfolio totaling $377 billion, with significant allocations to government and private credit securities.

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

• Double-digit dividend growth supported by strong earnings and cash flow, with 17 consecutive annual increases and a 2024 payout ratio of 41%.

Business segment highlights

• U.S. businesses contribute 50% of earnings, focusing on retirement, group insurance, and individual life, with robust liability origination and multi-channel distribution.

• International businesses, contributing 39% of earnings, are market leaders in Japan and expanding in high-growth emerging markets through organic growth and selective M&A.

• PGIM, the investment management arm, contributes 11% of earnings, with diversified capabilities in private and public asset classes, strong investment performance, and global reach.