Tokyo Investor Day

CURRENCY SENSITIVITY During the first half of 2016, approximately 34% of International Insurance earnings are yen-based International Insurance First Half 2016 Earnings at Different Yen Hedging Rates(1) ($ millions) Actual Rate 1,754 1,676 1,614 1,582 1,520 1,484 1,453 min Hypothetical \80 \90 ¥100 ¥106 ¥120 ¥130 ¥140 Hedging Rates Difference from Actual Hedging (25%) (15%) (6%) 0% 13% 23% 32% Rate Pro Forma Impact to AOI 11% 6% 2% 0% (4%) (6%) (8%) 1) Based on actual and alternative assumed hedging rates for Japanese yen income to U.S. dollars. Prudential Tokyo Investor Day 9.15.2016 9

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