1、1Q25 EARNINGS CALLMAY 1,2025 Expanding access to investing,insurance,and retirement security MAY 1,20251Q25 EARNINGS CALLExpanding access to investing,insurance,and retirement securityREFLECTING ON STRATEGIC PROGRESS,OPPORTUNITIES,AND CHALLENGESSTRATEGIC PROGRESSSignificantly reduced exposure to mar
2、ket sensitive products Benefiting from diversified product mix with strong sales and flows OPPORTUNITIESLeveraging unique combination of scale,distribution,brand,and talent to meet customers evolving needs Capitalizing on global demand for retirement,insurance,and asset management CHALLENGESRun-off
3、of legacy traditional variable annuity block Weaker Yen driving U.S.Dollar product surrenders Confident in our ability to be a global leader in investing,insurance,and retirement security 2 2REFLECTING ON STRATEGIC PROGRESS,OPPORTUNITIES,AND CHALLENGESRun-off of legacy traditional variable annuity b
4、lockWeaker Yen driving U.S.Dollar product surrendersLeveraging unique combination of scale,distribution,brand,and talent to meet customers evolving needsCapitalizing on global demand for retirement,insurance,and asset managementOPPORTUNITIESCHALLENGESSignificantly reduced exposure to market sensitiv
5、e productsBenefiting from diversified product mix with strong sales and flowsSTRATEGIC PROGRESSConfident in our ability to be a global leader in investing,insurance,and retirement securityPRIORITIES TO DRIVE SUSTAINABLE,PROFITABLE GROWTH1.EVOLVING AND DELIVERING ON OUR STRATEGY2.IMPROVING OUR EXECUT
6、ION3.FOSTERING A HIGH-PERFORMANCE CULTURE3 3PRIORITIES TO DRIVE SUSTAINABLE,PROFITABLE GROWTHSIGNIFICANT 2024 PROGRESS POSITIONS US WELL FOR THE FUTUREEVOLVING AND DELIVERING ON OUR STRATEGYIMPROVING OUR EXECUTIONFOSTERING A HIGH-PERFORMANCE CULTURE123WELL POSITIONED IN CURRENT MACRO ENVIRONMENTBALA