Tokyo Investor Day
ADDITIONAL CAPACITY FOR CREDIT ALLOCATIONS IN JAPAN
Japan portfolios have additional capacity for credit risk, which could be
utilized to further enhance Net Investment Income (NII)
-
The ultimate size of this credit position would take capital and risk
implications into account
PFI (ex. Closed Block Division & Japan
Operations) Fixed Maturities:
Credit vs. Government Bonds (1)
Japan Operations Portfolio
Fixed Maturities:
Credit vs. Government Bonds (1)
88%
12%
Credit
Government
50%
50%
1) As of June 30, 2016 based on amortized cost. Credit includes public investment grade bonds, private placements, commercial mortgages, mortgage backed
securities, structured products, below investment grade fixed income. Government bonds include government and agency fixed income.
Prudential
Tokyo Investor Day 9.15.2016
12View entire presentation