Long-Duration Targeted Improvements and Resegmentation Impact Summary
Expected Change in Quarterly Underlying Earnings Power(¹) by Business
($ millions, pre-tax underlying
earnings power)
LDTI /
Resegmentation Impact
H
PGIM
Institutional Retirement
Strategies
Individual Retirement
Strategies
Group Insurance
Individual Life
(1) See Non-GAAP Measures on slide 8.
Life Planner
Gibraltar Life
& Other
Corporate
& Other
Prudential Financial, Inc.
$25
($55)
($75)
$85
$25
$5
Not applicable
Accelerated recognition of unrealized margins
Primary Drivers
Decelerated revenue recognition, partially offset by decelerated DAC amortization
Immaterial impact
Decelerated revenue recognition, accelerated reserve recognition, and resegmentation of Prudential
Advisors to Corporate and Other
Accelerated recognition of unrealized margins and decelerated DAC amortization
Accelerated recognition of unrealized margins and decelerated DAC amortization
Impacts of resegmentation are not expected to change full year 2023 expected loss of $1.65 billion
No significant impact on underlying earnings power
Expanding access to investing, insurance, and retirement security
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