Prudential Financial, Inc. · NYSE:PRU
Prudential Financial — Investor Presentation (November 2010)
12 slides from Prudential Financial's investor presentation, Nov 4, 2010
Slide 1: Prudential Financial, Inc.
November 4, 2010 Prudential Financial, Inc. 1 Exhibit 99.1 Prudential Financial, Inc.
Slide 2: Forward-Looking Statements; Risk Factors
Forward-Looking Statements; Risk Factors Certain of the statements included in this presentation constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “includes,” “plans,” “outlook,”
Slide 3: Non-GAAP Measures
Non–GAAP Measures This presentation includes references to “adjusted operating income.” Adjusted operating income is a non-GAAP measure of performance of our Financial Services Businesses. We amended our definition of adjusted operating income effective for the quarter ended September 30, 2010; the
Slide 4: Prudential Financial, Inc.
November 4, 2010 Prudential Financial, Inc. 4 Prudential Financial, Inc.
Slide 5: Financial Outlook
RICH CARBONE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PRUDENTIAL FINANCIAL, INC. FINANCIAL OUTLOOK 5 RICH CARBONE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PRUDENTIAL FINANCIAL, INC. FINANCIAL OUTLOOK
Slide 6: Assumptions for 2011 Outlook
Assumptions for 2011 Outlook (1) 1) Financial Services Businesses.
Slide 7: 2011 FSB Earnings Guidance
2011 FSB Earnings Guidance (1) Domestic Business - Business Growth - Market Appreciation - Average Claims Experience - Business growth driven by protection & retirement products - Expanding Distribution - Yen strengthening International Businesses Projected Baseline (excluding Acquisition) $6.15- $6
Slide 8: 2010 Capital and Liquidity Projection – Financial Services Businesses
2010 Capital and Liquidity Projection – Financial Services Businesses (“FSB”) 1) Required Capital represents the amount of GAAP capital necessary to support business risk at an A rating at Prudential Financial Inc. (“PFI”) and AA rating at the operating entities. Required Capital pro forma for Star/
Slide 9: Considerations for Long Term ROE
Considerations for Long Term ROE (1) • Superior Business Mix • Business Growth • 8% S&P Growth • Current Forward Curve for Interest Rates • US Dollar @ 82 Yen and 1,190 Won • Capital Deployment • Capital Capacity and Liquidity Cushion • Leverage • Regulatory Reform 1) Financial Services Businesses.
Slide 10: Superior Mix of High Quality Businesses - Enhanced by Star/Edison Acquisition
Superior Mix of High Quality Businesses- Enhanced by Star/Edison Acquisition (1) Individual Life & Group Ins 2010 Baseline ROE 10% - 11% Annuities, Retirement & Asset Mgmt 2010 Baseline ROE 11% - 12% International Insurance 2010 Baseline ROE 19% - 20% Individual Life & Group Ins 2013 ROE Potential 1
Slide 11: Business Plan for ROE Growth: 2010 – 2013
Business Plan for ROE Growth: 2010 – 2013 (1) 1) Financial Services Businesses. 2) Star/Edison Deal ROE is calculated assuming 25% leverage and includes one-time costs in Required Equity.
Slide 12: Questions and Answers
November 4, 2010 Prudential Financial, Inc. Questions and Answers 12 Prudential Financial, Inc. Questions and Answers
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