Tokyo Investor Day
ROE OF JAPANESE BUSINESS REMAINS HIGHLY ATTRACTIVE (1)
30%
25%
20%
20%
15%
10%
5%
24%
23%
21%
11
Strong ROE
prospects even
if current macro
environment
challenges
continue
0%
2012
2013
2014
2015
1) Return on Equity (ROE) represents estimates for Japanese Insurance operations on a stand-alone basis after allocation of Division level costs. ROE is based on
after-tax adjusted operating income (AOI) excluding market driven and discrete items and reflects an overall effective tax rate for Prudential's ongoing operations for
2015 and former Financial Services Businesses for earlier periods. The average attributed equity excludes accumulated other comprehensive income and is
adjusted to remove the impact of foreign currency exchange rate remeasurement.
Prudential
Tokyo Investor Day 9.15.2016
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