Tokyo Investor Day

U.S. DOLLAR INVESTMENTS DEPLOYED TO SUPPORT LIABILITIES AND AS PART OF THE YEN EQUITY HEDGE PROGRAM U.S. Dollar investments exceed similarly denominated liabilities by approximately $17.2 billion - Of this amount - $12.7 billion supports the Yen Equity Hedge Program and $4.5 billion is hedged to JPY to support JPY denominated liabilities U.S. Dollar Invested Assets: $50 billion (1)(2) ($ billions) Supports USD Liabilities $32.5 Single Premium MVA Annuities (3) $10.4 Yen Equity Hedge Program $12.7 Other USD Business $22.1 Based on amortized cost. 1) As of June 30, 2016. 2) 3) Contracts subject to Market Value Adjustments in event of premature surrender. Prudential Hedged to Yen $4.5 7

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