Cost Savings and Strategic Growth

International Businesses Attractive Mix of Developed and Emerging Markets Provide Long-term Growth . Developed: Japan Highly productive distribution system; world class captive agents, complemented by third-party channels. . · Aging population provides opportunity for expanding product solutions • Wealthy households with significant investable assets • Expanding access to investing, insurance, and retirement security Emerging Markets Expanding economies and rising affluent and middle class: Latin America, China, Southeast Asia, Africa Low insurance penetration with growing demand for protection and savings products Thoughtful ownership approaches and business models tailored to local market dynamics and opportunities 18

View entire presentation