Investor Presentaiton

JAPAN DEMOGRAPHIC CHANGE DRIVES GROWTH OPPORTUNITY We have an experienced agent force poised to help customers meet their evolving needs. Japan Demographics (1) ■65 & Over 30-64 ■0-29 Population (in millions) 27% 29% 31% 35% 38% • 46% 45% 44% 41% 39% 27% 26% 25% 24% 23% 2015 2020 2030 2040 2050 127 125 119 111 102 Retirement income needs Intergenerational wealth transfer needs • Funding of health care expenses 1) Source: National Institute of Population and Social Security Research, "Population Projections for Japan: 2016 to 2065," Medium-fertility (medium-mortality) projection. Tokyo Investor Day 9.27.2018 Prudential 7

View entire presentation