Cost Savings and Strategic Growth

Complementary Businesses Amplify Growth and Mitigate Risk • • Competitive Synergies PGIM is the "investment engine" of Prudential generates higher returning assets that enhance the competitiveness of U.S. and International Businesses U.S. and International Businesses significantly increase PGIM's scale • Individual businesses enhance Workplace value proposition Global Intelligence Expanding access to investing, insurance, and retirement security • Risk Mitigation Synergies Diversification of earnings, capital, and risks Natural hedging - Mortality/Longevity Offsetting equity exposure across businesses Idea Sharing Common Purpose 21

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