Investor Presentaiton
INTERNATIONAL GENERATES MID-TEENS RETURNS
Adjusted Operating Return on Equity(1)
17%
(ROE)
15%
2018 ROE impacted by an increase
in equity due to:
• U.S. Tax Reform
2017
1H 2018
.
Equity Investment Accounting
Change(2)
1) Adjusted operating return on equity based on reported annualized after-tax AOI using the effective tax rate applicable to Prudential's overall AOI and average attributed equity
excluding accumulated other comprehensive income and adjusted to remove the impact of foreign currency exchange rate remeasurement.
2) Effective January 2018, Prudential adopted Accounting Standards Update 2016-01 which impacted the company's accounting and presentation related to equity investments.
Tokyo Investor Day 9.27.2018
Prudential
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