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Investor Presentaiton

PGIM OVERVIEW Key Facts Positions of Strength . Top 10 global asset manager¹ with $1.2 tn in Assets Under Management² Alternatives Asset Manager . Diversified active product suite across public and private asset classes Top Real Estate Manager Worldwide . 1,110+ investment professionals 3 Assets in Investment Grade Credit Strategies? 36 offices in 15 countries • >80% of fees from third-party clients • >50% of fees from higher growth areas³ such as alternatives, private credit, non-U.S. equities and real assets4 Consistently Strong Investment Performance Percentage of PGIM AUM⁹ Outperforming Benchmark 10 97% 95% 97% 3 YEARS 5 YEARS 10 YEARS $0.5 Foreign manager of Japanese discretionary pension assets Continued Positive Third-Party Net Flows 11 15 Consecutive Years of Positive Institutional Third-Party Net Flows 13 Consecutive Years of Positive Retail Third-Party Net Flows (US$ billions) $9.8 $11.0 $11.0 $36.5 $30.0 $22.6 $23.8 22.0 $20.1 $15.6 $10.8 5.4 $5.7 8.1 milili:a. $7.1 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 16 '17 1H18 Source: Please see footnotes on slide 14. Prudential Tokyo Investor Day 9.27.2018
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