PRUDENTIAL FINANCIAL INC

Divested and Run-off Businesses Included in Corporate and Other

Income from our Divested and Run-off Businesses includes results from several 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 U.S. GAAP. The results of these Divested and Run-off Businesses are reflected in our Corporate and Other operations but are excluded from adjusted operating income. A summary of the results of the Divested and Run-off Businesses reflected in our Corporate and Other operations is as follows for the periods indicated:

(1)Effective first quarter of 2026, the results of PGIM India are excluded from PGIM’s adjusted operating results and are included herein.

Long-Term Care. Results increased $20 million, primarily reflecting:

•higher net realized investment gains from sales of fixed income securities and the favorable impact of market value changes on derivatives.

•more unfavorable impacts from changes in the market value of equity securities; and

•lower underwriting results primarily driven by unfavorable morbidity experience.

Other Divested and Run-off Businesses. Results increased $95 million, primarily reflecting:

•favorable results related to the Full Service Retirement business, primarily reflecting accelerated deferred gain amortization resulting from policy novations; and

•higher results related to Assurance IQ driven by favorable Medicare business performance.