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 decreased $131 million, primarily reflecting:

•the less favorable impact from changes in the market value of equity securities;

•the unfavorable impact from changes in the market value of derivatives; and

•lower income from derivative settlements and non-coupon investments.

Results decreased $129 million, including an unfavorable comparative net impact from our annual reviews and update of assumptions and other refinements. Results for 2026 and 2025 included netcharges from this update of $120 million and $7 million, respectively.

Excluding this item, results decreased $16 million, primarily reflecting:

•the less favorable impact from changes in the market value of equity securities;

•lower income from derivative settlements and non-coupon investments; and

•lower underwriting results, primarily driven by unfavorable mortality experience.

These variances were largely offset by:

•the favorable impact from changes in the market value of derivatives.

Other Divested and Run-off Businesses

Results increased $221 million, primarily reflecting:

•higher results related to Prudential of Brazil, primarily driven by business growth and a legal reserve release in the current period.

Results increased $555 million, includinga favorable comparative net impact from our annual reviews and update of assumptions and other refinements. Results for 2026 and 2025 included net benefits from this update of $39 million and $6 million, respectively.

Excluding this item, results increased $522 million, primarily reflecting:

•higher results related to Prudential of Brazil, primarily driven by business growth and a more favorable decrease in legal reserves;

•higher results related to Assurance IQ, which included impacts from the continued wind-down of the business; and

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