PRUDENTIAL FINANCIAL INC

Prudential Financial, Inc. is a global financial services leader and premier active global investment manager with approximately $1.450 trillion of assets under management as of December 31, 2023. The company's principal executive offices are located in Newark, New Jersey, and its Common Stock is publicly traded on the New York Stock Exchange under the ticker symbol "PRU." Prudential Financial's business system includes a mix of high-quality protection, retirement and investment management businesses, which creates growth potential due to earnings diversification and the opportunity to provide customers with integrated cross-business solutions. The company's strategy centers on leveraging its mutually-reinforcing business system to become a higher growth, less market-sensitive and more nimble company. The company's principal operations consist of PGIM (its global investment management business), its U.S. Businesses (Retirement Strategies, Group Insurance, and Individual Life), its International Businesses, the Closed Block division, and its Corporate and Other operations. PGIM provides investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies, to institutional and retail clients globally, as well as its general account. The U.S. Businesses segment includes Retirement Strategies, Group Insurance, and Individual Life. Retirement Strategies serves the retirement needs of both institutional and individual customers, offering a variety of products and solutions to meet different retirement needs and goals. Group Insurance develops and distributes a full range of group life, long-term and short-term group disability, and group corporate-, bank- and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee and membership benefits plans. Individual Life develops and distributes variable life, universal life, and term life insurance products primarily to U.S. mass middle, mass affluent, and affluent customers. The International Businesses segment develops and distributes life insurance, retirement products, investment products, and certain accident and health products with fixed benefits to mass affluent and affluent customers through its Life Planner operations in Japan, Brazil, Argentina, and Mexico. The Gibraltar Life and Other operations also provide similar products and services through multiple distribution channels. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in Corporate and Other. Divested and Run-off Businesses are composed of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind-down status that do not qualify for "discontinued operations" accounting treatment under generally accepted accounting principles. Corporate and Other operations include corporate items and initiatives that are not allocated to business segments as well as the Divested and Run-off Businesses. In September 2023, Prudential Financial, together with Warburg Pincus and a group of institutional investors, announced the launch of Prismic Life Reinsurance, Ltd. ("Prismic Re"), a licensed Bermuda-based life and annuity reinsurance company. Prudential Financial made an initial equity investment through its Corporate and Other operations of approximately $200 million, equivalent to a 20% interest, in Prismic Life Holding Company LP ("Prismic"), the Bermuda-exempted limited partnership that owns all of the outstanding capital stock of Prismic Re. For more information, please visit the company's website at www.prudential.com.