Prudential 2002 Annual Report Download - page 110
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Notes to Consolidated Financial Statements
6. INVESTMENTS (continued)
Net Unrealized Investment Gains (Losses)
Net unrealized investment gains and losses on securities available for sale and certain other long-term
investments are included in the Consolidated Statements of Financial Position as a component of “Accumulated
other comprehensive income (loss).” Changes in these amounts include reclassification adjustments to exclude
from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that
had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the years ended
December 31, are as follows:
Unrealized
Gains
(Losses) On
Investments
Deferred
Policy
Acquisition
Costs
Future
Policy
Benefits
Policyholders’
Dividends
Deferred
Income Tax
(Liability)
Benefit
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
(in millions)
Balance, December 31, 1999 ............. $(1,348) $ 306 $ (3) $ — $ 385 $ (660)
Net investment gains (losses) on investments
arising during the period ............... 1,458 — — — (540) 918
Reclassification adjustment for (gains) losses
includedinnetincome ................ 621 — — — (230) 391
Impact of net unrealized investment (gains)
losses on deferred policy acquisition costs . — (356) — — 132 (224)
Impact of net unrealized investment (gains)
losses on future policy benefits .......... — — (101) — 35 (66)
Balance, December 31, 2000 ............. 731 (50) (104) — (218) 359
Net investment gains (losses) on investments
arising during the period ............... 781 — — — (293) 488
Reclassification adjustment for (gains) losses
includedinnetincome ................ 860 — — — (323) 537
Impact of net unrealized investment (gains)
losses on deferred policy acquisition costs . — (270) — — 97 (173)
Impact of net unrealized investment (gains)
losses on future policy benefits .......... — — 27 — (10) 17
Balance, December 31, 2001 ............. 2,372 (320) (77) — (747) 1,228
Net investment gains (losses) on investments
arising during the period ............... 4,019 — — — (1,434) 2,585
Reclassification adjustment for (gains) losses
includedinnetincome ................ 1,055 — — — (376) 679
Impact of net unrealized investment (gains)
losses on deferred policy acquisition costs . — (216) — — 78 (138)
Impact of net unrealized investment (gains)
losses on future policy benefits .......... — — (769) — 276 (493)
Impact of net unrealized investment (gains)
losses on policyholders’ dividends ....... — — — (1,606) 579 (1,027)
Balance, December 31, 2002 ............. $7,446 $(536) $(846) $(1,606) $(1,624) $ 2,834
Prudential Financial 2002 Annual Report 109