The Company is implementing changes to its organizational structure and recorded a restructuring charge of $200 million in the fourth quarter of 2023 within its Corporate and Other operations, expecting these actions will create operating efficiencies and provide reinvestment capacity to build capabilities.

The investment is accounted for under the equity method, and both Prismic and Prismic Re are considered related parties. Beginning with the fourth quarter of 2023, the operating results of Corporate and Other reflect the Company's share of earnings in Prismic on a quarter lag.

In December 2023, the Company completed the acquisition of a majority stake in Deerpath Capital Management, LP, a leading U.S.-based private credit and direct lending manager with approximately $5 billion in assets under management.

As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms.

The Company expects these actions will create operating efficiencies, and provide reinvestment capacity to build capabilities, realize additional efficiencies, strengthen its competitiveness and fuel future growth.

In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature.

The company's forward-looking statements include the risk of losses on investments or financial contracts due to deterioration in credit quality or value, or counterparty default.

The company's forward-looking statements include the risk of losses on insurance products due to mortality experience, morbidity experience or policyholder behavior experience that differs significantly from expectations when pricing products.

The company's forward-looking statements include the risk of changes in interest rates, equity prices and foreign currency exchange rates that may adversely impact the profitability of products, the value of separate accounts supporting these products or the value of assets managed.

The company expects that the changes to its organizational structure will create operating efficiencies, and provide reinvestment capacity to build capabilities, realize additional efficiencies, strengthen its competitiveness and fuel future growth.

The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any single issuer.

The Company's exposure to concentrations of credit risk of single issuers greater than 10% of the Company's equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed in the report.

As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms.

The company expects that the changes to its organizational structure will create operating efficiencies, and provide reinvestment capacity to build capabilities, realize additional efficiencies, strengthen its competitiveness and fuel future growth.

The Company recorded a restructuring charge of $200 million to “General and administrative expenses” in the fourth quarter of 2023 within its Corporate and Other operations, as part of its continuous improvement process.

As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms.

As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms.

As part of its continuous improvement process, the Company is working to become a leaner and more agile company by simplifying its management structure, empowering its employees with faster decision-making processes and investing in technology and data platforms.

Prudential Financial and certain subsidiaries have access to external sources of liquidity, including membership in the FHLBNY, a funding agreement facility with the Federal Agricultural Mortgage Company, commercial paper programs and contingent financing facilities in the form of facility agreements.

The Company also maintains syndicated, unsecured committed credit facilities as an alternative source of liquidity. At September 30, 2024, no amounts were drawn on these syndicated, unsecured committed credit facilities.

In December 2023, Prudential Financial's Board of Directors authorized the Company to repurchase, at management's discretion, up to $1.0 billion of its outstanding Common Stock during the period from January 1, 2024 through December 31, 2024.

The provided document does not contain any specific information on environmental commitments, social responsibility initiatives, governance practices, or sustainability risks and opportunities.

The provided document does not contain any specific information on environmental commitments, social responsibility initiatives, governance practices, or sustainability risks and opportunities.

The provided document does not contain any specific information on environmental commitments, social responsibility initiatives, governance practices, or sustainability risks and opportunities.

The company's forward-looking statements include the risk of changes in interest rates, equity prices and foreign currency exchange rates that may adversely impact the profitability of products, the value of separate accounts supporting these products or the value of assets managed.

The company's forward-looking statements include the risk of market conditions that may adversely affect the sales or persistency of products.

The company's forward-looking statements include the risk of competition.