Prudential Retirement Insurance and Annuity Company (PRIAC)

Financial strength review

Prudential Retirement Insurance and Annuity Company (PRIAC) is a wholly owned subsidiary of The Prudential Insurance Company of America, a Prudential Financial company. With $1 trillion in assets under management,1 Prudential Financial companies serve individual and institutional customers worldwide and are built on a proud heritage of life insurance, retirement and asset management.

Financial strength

PRIAC has received the following ratings from major, independent rating agencies.2

Rating Agency Financial Strength Rating Financial Strength Rating Category
Moody's Investors Service A1 (Good) 5th highest of 21
Standard & Poor's AA- (Very Strong) 4th highest of 21
A.M. Best A+ (Superior) 2nd highest of 15
Fitch AA- (Very Strong) 4th highest of 19

Portfolio size and diversity3

PRIAC maintains a large, well-diversified portfolio:

PRIAC Assets Surplus
General Account $27 billion $1.0 billion

1As of 12/31/2017.

2Claims-paying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies.

Moody’s indicates that “A1” (5th category of 21) rated insurance companies offer good financial security. Insurance companies rated “Aaa” offer exceptional financial security. In addition, Moody’s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentally strong position. “Aaa” is the highest Insurer Financial Strength Rating assigned by Moody’s.

According to Standard & Poor’s publications, an insurer rated “AA-” (4th category of 21) has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated “AAA” has extremely strong financial security characteristics. “AAA” is the highest insurer financial strength rating assigned by Standard and Poor’s.

A.M. Best considers “A+” (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholders. “A++” is the highest rating assigned by A.M. Best.

Fitch indicates that “AA-” (4th category of 19) companies are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. “AAA” is the highest rating assigned by Fitch.

Rating information current as of 12/31/2017. For information on other Prudential Financial operating insurance companies, please visit the Investor Relations website at investor.prudential.com.

3As of 12/31/2017. Porfolio holdings and composition are subject to change.

In providing this information Prudential Retirement is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity. Prudential Retirement may benefit from advisory and other fees paid to it or its affiliates for managing, selling, or settling of the Prudential mutual funds and other investment products or securities offered by Prudential Retirement or its affiliates. Investment vehicles sponsored or managed by a Prudential Retirement affiliate generate more revenue for the Prudential enterprise than non-proprietary investment vehicles. Prudential Retirement’s sales personnel generally receive greater compensation if plan assets are invested in proprietary investment vehicles. Prudential Retirement may benefit directly from the difference between investment earnings of Prudential Retirement’s stable value funds and the amount credited to deposits in those funds. Prudential Retirement may also benefit from broker-dealer or other entities’ co-sponsorship of Prudential conferences.

Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, a Prudential Financial company. Prudential Retirement Insurance and Annuity Company and The Prudential Insurance Company of America are each solely responsible for its financial condition and contractual obligations.

© 2018 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol, and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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