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Tokyo Investor Day

RECONCILIATION FOR INTERNATIONAL INSURANCE PRE-TAX AOI EXCLUDING MARKET DRIVEN AND DISCRETE ITEMS (1) ($ millions) International Insurance pre-tax AOI Reconciling items: Annual review of actuarial assumptions and reserve refinements (2) Gains on sales of indirect investment in China Pacific Group Impact of earthquake in Japan Star/Edison integration costs Sub-total International Insurance pre-tax AOI excluding market driven and discrete items Year to Date 2Q16 3,226 $ 1,582 2011 2012 2013 2014 2015 $ 2,263 $ 2,704 $ 3,152 $ 3,252 $ 237 280 20 60 (190) 66 (95) (21) (69) (213) (138) (28) (45) (58) (152) (95) (21) 22 ཆེ, (72) (72) $ 2,308 $ 2,762 $ 3,304 $ 3,347 $ 3,247 $ 1,654 1) 2) As disclosed in company earnings releases. Includes refinements of reserves and amortization of deferred policy acquisition and other costs. Prudential Tokyo Investor Day 9.15.2016 5 LO
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