Investor Presentaiton

SUSTAINED GROWTH WITH STRONG RETURNS AND STEADY CAPITAL GENERATION 4% Constant Currency AOI and In Force Annual Growth Since 2013 (1,2) Mid- teens Adjusted Operating ROE $1.3 billion Average Annual Net Capital Redeployed Since 2013 (3) Represents compound annual growth rate for Face Amount In Force and Constant Currency Adjusted Operating Income from 2013-2017. Translated to U.S. dollars, including Japanese yen 112 per U.S. dollar and Korean won 1130 per U.S. dollar. 3) 323 1) 2) Prudential Reflects net capital redeployed including dividends, debt repayment, affiliated lending, affiliated derivatives and reinsurance. Excludes acquisitions/dispositions and other extraordinary items. Tokyo Investor Day 9.27.2018 4

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