Prudential Financial, Inc. · NYSE:PRU

Prudential Financial — Corporate Update (October 2026)

9 slides from Prudential Financial's corporate update, Oct 9, 2026

  1. Slide 1: Japan Update

    @& Prudential JAPAN UPDATE OCTOBER 9, 2026

  2. Slide 2: Updated Timeline of Sales Suspension in Japan

    UPDATED TIMELINE OF SALES SUSPENSION IN JAPAN FSA BUSINESS SUSPENSION ORDERS IN EFFECT UNTIL JANUARY 31, 2027 January 16, 2026 April 21, 2026 October 8, 2026 October 13, 2026 January 31, 2027 PRU announced findings of PRU announced voluntary Special Investigation Business suspensions begin End of su

  3. Slide 3: Addressing Root Causes of POJ Misconduct

    ADDRESSING ROOT CAUSES OF POJ MISCONDUCT FINDINGS FROM BOTH SIC AND FSA LARGELY CONSISTENT WITH REMEDIATION STEPS ALREADY UNDERWAY ELEMENT INITIATIVES • Defining roles across POJ, PHJ, and the enterprise more precisely with strengthened Board and senior management oversight Governance and • Enabling

  4. Slide 4: Updated Estimated Financial Impacts for POJ

    UPDATED ESTIMATED FINANCIAL IMPACTS FOR POJ TOTAL POJ SALES SUSPENSION IMPACT ACROSS 2026 AND 2027 REMAINS ROUGHLY IN-LINE WITH PRIOR EXPECTATIONS • Estimated cumulative impact across 2026 and 2027 remains essentially unchanged at ~$1.0B of pre-tax AOI • Updated estimated financial impacts assume sa

  5. Slide 5: Estimated Financial Impacts for Gibraltar

    ESTIMATED FINANCIAL IMPACTS FOR GIBRALTAR PARTIAL BUSINESS SUSPENSION ONLY IMPACTS LIFE CONSULTANT CHANNEL • Estimated cumulative impact across 2026 and 2027 of ~$275M of pre-tax AOI, assuming sales remain suspended through January 31, 2027 • Since 2019, substantial changes have been made to Gibralt

  6. Slide 6: Continued Confidence in Japan Business

    CONTINUED CONFIDENCE IN JAPAN BUSINESS GROWING OUR JAPAN BUSINESS REMAINS A KEY STRATEGIC PRIORITY INITIATIVES UNDERWAY EXISTING FOUNDATION Complete remediation efforts Decades of experience Demonstrate effectiveness Foundation for regaining Established customer momentum and relationships contributi

  7. Slide 7: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS Certain of the statements included in this presentation and made during the corresponding conference call, including those regarding expected duration of Japan sales suspensions, POJ’s phased reopening and Gibraltar’s productivity recovery, projected financial impacts and

  8. Slide 8: Non-GAAP Measures

    NON-GAAP MEASURES This presentation includes references to adjusted operating income. Consolidated adjusted operating income is not calculated based on accounting principles generally accepted in the United States of America (GAAP). We believe that our use of this non-GAAP measure helps investors un

  9. Slide 9: Non-GAAP Measures (Continued)

    NON-GAAP MEASURES (CONTINUED) Adjusted operating income excludes “Change in value of market risk benefits, net of related hedging gains (losses)”, which reflects the impact from changes in current market conditions, and market experience updates, reflecting the immediate impacts in current period re

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