Investor Presentaiton

. • INDEPENDENT AGENCY ("IA") CHANNEL MARKET OVERVIEW Market(1) Increasing independent agency customer base Most customers in their 30s and 40s More selective customers Gibraltar IA Sales Branch Offices Gibraltar Independent Agency Channel - - Expanding sales base mainly in urban area 52 sales offices serving approximately 2,600 independent agencies USD recurring premium products for mass affluent customers and business planning products for corporate market 1) Source: Japan Institute of Life Insurance, 2016 Survey on Life Protection. Prudential Tokyo Investor Day 9.27.2018 Sales Office Osaka area Tokyo area 10

View entire presentation