Prudential Financial, Inc. · NYSE:PRU
Prudential Financial — Corporate Update (April 2026)
8 slides from Prudential Financial's corporate update, Apr 14, 2026
Slide 1: Resegmentation Overview
RESEGMENTATION OVERVIEW APRIL 14, 2026
Slide 2: Resegmentation Overview: Strategic Rationale
RESEGMENTATION OVERVIEW RE-ALIGNING SEGMENTS TO MORE CLOSELY REFLECT ACTIVE PRODUCTS, RESOURCE ALLOCATION, AND STRATEGIC FOCUS • Prudential discontinued selling certain Traditional Variable Annuity (VA) and Guaranteed Universal Life (GUL) products as customer needs and company strategy evolved • How
Slide 3: Business Unit Summary
BUSINESS UNIT SUMMARY UPDATED SEGMENTS REFLECT HOW BUSINESSES ARE MANAGED AND HOW CAPITAL AND OTHER RESOURCES ARE ALLOCATED • The below breakdown details which products are included within the new reporting structure RESEGMENTED BUSINESSES RETIREMENT INDIVIDUAL LIFE U.S. LEGACY PRODUCTS • Remaining
Slide 4: Impacts from Resegmentation
IMPACTS FROM RESEGMENTATION SHIFTING OUR DISCONTINUED PRODUCTS TO A LEGACY SEGMENT INCREASES TRANSPARENCY OF ACTIVELY-SOLD PRODUCTS ($ millions, Balance Sheet and Income Statement as of Full Year 2025) PRE-RESEGMENTATION PRODUCTS RESEGMENTED POST-RESEGMENTATION Retirement Strategies Institutional Re
Slide 5: Improving Transparency in Our Retirement Segment
IMPROVING TRANSPARENCY IN OUR RETIREMENT SEGMENT ADJUSTING PRODUCT GROUPINGS TO BETTER ALIGN SPREAD AND FEE-BASED EARNINGS PROFILES • We have combined our Institutional Retirement Strategies segment with the remaining block of business in our Individual Retirement Strategies segment into a new repor
Slide 6: Financial Considerations of Resegmentation
FINANCIAL CONSIDERATIONS OF RESEGMENTATION CREATING A CLEARER VIEW INTO OUR EARNINGS PROFILE AND NEW BUSINESS GROWTH GROWING PROFITABILITY OF RETAIL ANNUITIES OPTIMIZE U.S. LEGACY PRODUCTS SEGMENT FINANCIAL IMPACTS OF LEGACY VA RUN-OFF Our actively-sold retail annuities Our traditional variable annu
Slide 7: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain of the statements included in this presentation, including those regarding the expected impact of the segment reporting change discussed herein, including the expected AOI impact of quarterly account value runoff related to our legacy variable annuity block, consti
Slide 8: Adjusted Operating Income ("AOI")
ADJUSTED OPERATING INCOME ("AOI") The Company analyzes the operating performance of each segment using pre-tax “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” or “Net i