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Tokyo Investor Day

IN FORCE GROWTH SENSITIVITY Prudential of Japan In Force Face Amount (\ billions) 60,000 40,000 20,000 0 12/31/15 Flat in force at 36% below 2015 COBSS▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ sales level 18% Increase 8% Increase 7% Decrease Assumed Annual Sales Level 50% below 2015 level 36% below 2015 level 20% below 2015 level At 2015 level Pro Forma 12/31/2020 (1) 1) Assuming same sales mix, currency exchange rates for non-yen business including Japanese yen 113 per U.S. dollar, persistency and other assumptions as year ended December 31, 2015. Represents impact of sales levels for years subsequent to 2015, held constant through 2020, at indicated levels in relation to annual 2015 sales, upon resulting year end 2020 in force amount. Prudential Tokyo Investor Day 9.15.2016 12
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