Tokyo Investor Day

JAPAN DEMOGRAPHIC CHANGE . DRIVES GROWTH OPPORTUNITIES FOR PRUDENTIAL Retirement income needs Intergenerational wealth transfer needs We have an experienced agent force poised for steady growth that can help customers meet their evolving needs Funding of health care expenses Japan Demographics (1) Population (in millions) 9% 12% 17% 23% 28% 31% 34% 67% 69% 68% 64% 65 and over ■15-64 years old 59% 57% 54% ■0-14 years old 24% 19% 15% 13% 13% 12% 12% 1980 1990 2000 2010 2020 2030 2040 116 122 126 127 125 120 114 1) Source: United Nations: World Population Prospects, 2015. Prudential Tokyo Investor Day 9.15.2016 7

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