Prudential Financial, Inc. · NYSE:PRU
Prudential Financial — Investor Day (December 2006)
9 slides from Prudential Financial's investor day presentation, Dec 5, 2006
Slide 1: Prudential Financial, Inc. Investor Day, December 5, 2006
Exhibit 99.2 Prudential December Investor 0 Day 5, Financial, 2006 12.05.06Inc. Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Certain results “projects,” expectations and others: of assumptions acquired (10) legislative businesses; (15) difficulties retirement repurchases, Services Prudential Investor 1 our there economic, ineffectiveness reserves may (1) ofDay Businesses or are the expense; changes; Financ
Slide 3: Non-GAAP Measures
Non–GAAP (losses), largely opportunities. associated that included contractholder to We highlighting GAAP, after-tax investments. from calculation), 14.10% respectively. losses expectations about for including businesses presentation. our the believe are continuing adjusted ongoing or Financial quar
Slide 4: Financial Highlights
Prudential Financial, Inc. FINANCIAL HIGHLIGHTS Year ended December 31, Nine months ended 2002 2003 2004 2005 Sept 30, 2005 Sept 30, 2006 (in millions, except per share data) Financial Services Businesses: Pre-tax adjusted operating income by division: Insurance Division $ 545 $ 788 $ 991 $1,227 $ 8
Slide 5: Reconciliation to Consolidated Net Income
Income (loss) from discontinued operations, net of taxes (0.14) (0.09) (0.16) (0.15) (0.10) 0.09 Extraordinary gain on acquisition, net of taxes — — 0.04 — — — Cumulative effect of accounting change, net of taxes — — (0.15) — — — Net income of Financial Services Businesses 1.25 1.98 3.31 6.34 5.54 4
Slide 6: Combined Statements of Operations - Financial Services Businesses
Prudential Financial, Inc. COMBINED STATEMENTS OF OPERATIONS - FINANCIAL SERVICES BUSINESSES Year ended December 31, Nine months ended 2002 2003 2004 2005 Sept 30, 2005 Sept 30, 2006 (in millions) Revenues (1): Premiums $ 7,195 $ 7,848 $ 8,736 $10,128 $ 7,678 $ 7,694 Policy charges and fee income 1,
Slide 7: 2007 Earnings Guidance
FSB 2006 Non Baseline 2007 Capital Allstate 1) Investor 5 Based Recurring/ Full Guidance management: variable Day Earnings on Year after-tax 12.05.06 2007 (1) Unsustainable annuity Level $5.90 $6.60 Earnings adjusted share $5.70 business - $6.80 $6.00 repurchases, Guidance operating 2006 - $5.80 Gro
Slide 8: 2009 Objectives: ROE and EPS Growth
2007 ROE Solid 1) other Investor 6 Based –comprehensive expansion double 2009 Day on after-tax Financial digit 12.05.06 to average 15%income adjusted Objectives – 17% annual related operating range(1) growth to pension income in EPS(1) and of the post-retirement Reasonably Financial consistent Servi
Slide 9: Summary
History Summary Well Rely Maintain Expect Prudential’s Investor 7 positioned onto of high Day disciplined achieve successful goal value-added 12.05.06 inisoptimal high tocapital execution achieve return, business capital management “differentiated” growth asstructure public models businesses: compan