Prudential 2002 Annual Report Download - page 147
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Notes to Consolidated Financial Statements
21. SEGMENT INFORMATION (continued)
Year ended December 31, 2000
Adjusted
Operating
Income
Reconciling Items
Income
from
Continuing
Operations
Before
Income
Taxes
Realized
Investment
Gains
(Losses),
Net, and
Related
Adjustments
Charges
Related to
Realized
Gains
(Losses),
Net
Sales
Practices
Remedies
and Costs
Divested
Businesses
Demutualization
Costs and
Expenses
(in millions)
Individual Life and Annuities ........ $ 261 $ (14) $ 2 $ — $— $— $ 249
GroupInsurance .................. 158 (2) — — — — 156
Property and Casualty Insurance ...... 150 16 — — — — 166
Total Insurance Division ........ 569 — 2 — — — 571
Investment Management ............ 205 1 — — — — 206
Financial Advisory ................ 399 — — — — — 399
Retirement ....................... 187 (85) (31) — — — 71
Other Asset Management ........... 42 — — — — — 42
Total Investment Division ....... 833 (84) (31) — — — 718
International Insurance ............. 296 (15) — — — — 281
International Investments ........... (24) — — — — — (24)
Total International Insurance
and Investments Division ..... 272 (15) — — — — 257
Corporate and Other ............... 43 (280) — — (636) (143) (1,016)
Total Financial Services
Businesses ................. $1,717 $(379) $ (29) $ — $(636) $(143) 530
ClosedBlockBusiness ............. 193
Total ....................... $ 723
The International Insurance and Investments division includes “Income from continuing operations before
income taxes” from Japan of $531 million, $496 million and $289 million, for the years ended December 31,
2002, 2001 and 2000, respectively.
The Individual Life and Annuities segment results reflect deferred policy acquisition costs as if the
individual annuity business were a stand-alone operation. The elimination of intersegment costs capitalized in
accordance with this policy are included in consolidating adjustments within Corporate and Other operations.
Growing and Protecting Your Wealth146