Prudential 2002 Annual Report Download - page 156
Download and view the complete annual report
Please find page 156 of the 2002 Prudential annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.PRUDENTIAL FINANCIAL, INC.
Supplemental Combining Statements of Financial Position
December 31, 2002 and 2001 (in millions)
2002 2001
Financial
Services
Businesses
Closed
Block
Business Consolidated
Financial
Services
Businesses
Closed
Block
Business Consolidated
ASSETS
Fixed maturities:
Available for sale, at fair value ............... $ 79,230 $46,233 $125,463 $ 68,880 $41,062 $109,942
Held to maturity, at amortized cost ............ 2,612 — 2,612 374 — 374
Trading account assets, at fair value ............... 3,449 — 3,449 5,043 — 5,043
Equity securities, available for sale, at fair value ...... 1,286 1,521 2,807 1,688 584 2,272
Commercial loans .............................. 12,300 6,987 19,287 13,624 6,105 19,729
Policy loans .................................. 3,146 5,681 8,827 2,812 5,758 8,570
Securities purchased under agreements to resell ...... 4,844 — 4,844 4,421 — 4,421
Cash collateral for borrowed securities ............. 4,978 — 4,978 5,210 — 5,210
Other long-term investments ..................... 4,333 1,075 5,408 4,336 1,082 5,418
Short-term investments .......................... 2,840 2,579 5,419 2,972 1,883 4,855
Total investments .......................... 119,018 64,076 183,094 109,360 56,474 165,834
Cash and cash equivalents ....................... 7,470 2,428 9,898 16,900 1,636 18,536
Accrued investment income ...................... 1,021 769 1,790 1,059 769 1,828
Broker-dealer related receivables .................. 5,631 — 5,631 7,802 — 7,802
Deferred policy acquisition costs .................. 5,875 1,156 7,031 5,538 1,330 6,868
Other assets ................................... 13,730 1,017 14,747 13,488 1,516 15,004
Separate account assets ......................... 70,555 — 70,555 77,158 — 77,158
TOTAL ASSETS ......................... $223,300 $69,446 $292,746 $231,305 $61,725 $293,030
LIABILITIES AND ATTRIBUTED EQUITY
LIABILITIES
Future policy benefits ........................... $ 42,213 $48,247 $ 90,460 $ 39,752 $47,239 $ 86,991
Policyholders’ account balances .................. 40,799 5,481 46,280 37,944 5,389 43,333
Unpaid claims and claim adjustment expenses ....... 3,428 — 3,428 3,408 — 3,408
Policyholders’ dividends ........................ 918 2,757 3,675 925 1,171 2,096
Securities sold under agreements to repurchase ....... 10,250 4,652 14,902 9,280 3,105 12,385
Cash collateral for loaned securities ................ 7,517 2,714 10,231 7,650 1,777 9,427
Incometaxespayable ........................... 1,910 23 1,933 1,085 247 1,332
Broker-dealer related payables .................... 4,838 — 4,838 6,445 — 6,445
Securities sold but not yet purchased ............... 1,996 — 1,996 2,791 — 2,791
Short-term debt ................................ 3,469 — 3,469 5,405 — 5,405
Long-term debt ................................ 3,007 1,750 4,757 3,554 1,750 5,304
Other liabilities ................................ 11,148 3,054 14,202 15,572 240 15,812
Separate account liabilities ....................... 70,555 — 70,555 77,158 — 77,158
Total liabilities ............................ 202,048 68,678 270,726 210,969 60,918 271,887
Guaranteed beneficial interest in Trust holding solely
debentures of Parent .......................... 690 — 690 690 — 690
COMMITMENTS AND CONTINGENCIES
ATTRIBUTED EQUITY
Accumulated other comprehensive income .......... 1,941 644 2,585 563 381 944
Other attributed equity .......................... 18,621 124 18,745 19,083 426 19,509
Total attributed equity ...................... 20,562 768 21,330 19,646 807 20,453
TOTAL LIABILITIES AND ATTRIBUTED
EQUITY .............................. $223,300 $69,446 $292,746 $231,305 $61,725 $293,030
See Notes to Supplemental Combining Financial Information
Prudential Financial 2002 Annual Report 155