Prudential 2002 Annual Report Download - page 18

16 Growing and Protecting Your W ealth
Executive O fficers
Arthur F. Ryan
Chairman, Chief Executive
Officer and President
Vivian L. Banta
Vice Chairman,
Insurance Division
Mark B. Grier
Vice Chairman,
Financial Management
Rodger A. Lawson
Vice Chairman, International
Insurance and Investments Division
John R. Strangfeld Jr.
Vice Chairman,
Investment Division
Robert C. Golden
Executive Vice President,
Operations and Systems
Richard J. Carbone
Senior Vice President and
Chief Financial Officer
John M. Liftin
Senior Vice President and
General Counsel
Sharon C. Taylor
Senior Vice President,
Human Resources
Franklin E. Agnew
Business Consultant
Frederic K. Becker
President
Wilentz, Goldman & Spitzer, P.A.
Gilbert F. Casellas
President
Casellas & Associates, LLC
James G. Cullen
Retired President and
Chief Operating Officer
Bell Atlantic Corporation
Allan D. Gilmour
Vice Chairman and
Chief Financial Officer
Ford Motor Company
William H. Gray III
President and
Chief Executive Officer
The College Fund/UNCF
Jon F. Hanson
Chairman
The Hampshire Companies
Glen H. Hiner
Retired Chairman and
Chief Executive Officer
Owens Corning
Constance J. Horner
Guest Scholar
The Brookings Institution
Burton G. Malkiel
Professor of Economics
Princeton University
Arthur F. Ryan
Chairman of the Board,
CEO and President
Prudential Financial, Inc.
Ida F.S. Schmertz
Founder and Chair
Microleasing LLC
Richard M. Thomson
Retired Chairman and
Chief Executive Officer
The Toronto-Dominion Bank
James A. Unruh
Founding Principal
Alerion Capital Group, L.L.C.
Stanley C. Van Ness
Partner
Herbert, Van Ness,
Cayci & Goodell
O fficers and directors
Prudential Financial, Inc. 2002 Annual Report
(1) We measure this goal based on after-tax adjusted operating
income and attributed equity of our Financial Services Businesses.
Adjusted operating income, which is not measured in accordance
with generally accepted accounting principles (GAAP), excludes
net realized investment gains (losses). A significant element of
realized losses is impairments and losses from sales of credit-
impaired securities, the timing of which depends largely on
market credit cycles and can vary considerably across periods. The
timing of other sales that would result in gains or losses is largely
subject to our discretion and influenced by market opportunities.
The fluctuating effects of these transactions could distort trends in
the underlying profitability of our businesses. Adjusted operating
income also excludes the results of divested businesses, which are
not relevant to our ongoing operations, and certain other items,
described elsewhere herein. Because we do not predict future real-
ized investment gains (losses), we cannot provide a measure of our
goal based on income from continuing operations of the Financial
Services Businesses, which is the GAAP measure most comparable
to adjusted operating income.
All facts and figures as of December 31, 2002, unless otherwise noted.
“Prudential Financial,” “The Rock” and 2
are registered service marks of The Prudential Insurance
Company of America.
Term Essential®, Term EliteSM, PruLife Universal PlusSM, PruLife
Custom PremierSM and Survivorship Preferred are issued by Pruco
Life Insurance Company in all states except New Jersey and New
York, where they are issued by Pruco Life Insurance Company of
New Jersey. PruLife Universal ProTector is issued by Pruco Life
Insurance Company. Both Pruco Life companies are located at
213 Washington Street, Newark, NJ 07102.
Strategic Partners variable annuities are issued by Pruco Life
Insurance Company (in New York, issued by Pruco Life Insurance
Company of New Jersey).
LTC By Design is underwritten by The Prudential Insurance
Company of America, 751 Broad Street, Newark, NJ 07102,
under policy number GRP112202. Policies contain exclusions,
limitations, eligibility requirements and specific terms and provi-
sions under which the insurance coverage may be continued in
force or discontinued. Coverage may not be available in all states.
Schoolhouse Capital LLC, a wholly owned subsidiary of State
Street Corporation, is the program manager for the Arrive 529 Plan.
Prudential Real Estate brokerage services are offered by the
franchisees of The Prudential Real Estate Affiliates, Inc. Most
franchisees are independently owned and operated. Equal
Housing Opportunity.
Securities products and services are distributed by Prudential
Investment Management Services LLC, Three Gateway Center,
Newark, NJ 07102, Prudential Securities, 199 Water Street,
New York, NY 10292, and Pruco Securities Corporation, 751
Broad Street, Newark, NJ 07102.
The DALBAR Annuity Service Award is a mark of excellence and
is only awarded to annuities providers that excel in customer service.
Prudential was given the DALBAR Annuity Service award in 2002.
All are Prudential Financial companies, and each is responsible
for its own financial condition and contractual obligations.
Board of D irectors