Prudential 2002 Annual Report Download - page 23
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Please find page 23 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.As of or for the Year Ended December 31,
2002 2001 2000 1999 1998
(in millions)
Balance Sheet Data:
Total investments excluding policy loans ............................... $174,267 $157,264 $140,469 $151,338 $148,837
Separate account assets .............................................. 70,555 77,158 82,217 82,131 80,931
Total assets ....................................................... 292,746 293,030 272,753 285,094 279,422
Future policy benefits, policyholders’ account balances and unpaid claims and
claim adjustment expenses ......................................... 140,168 133,732 104,130 102,928 104,301
Separate account liabilities ........................................... 70,555 77,158 82,217 82,131 80,931
Short-term debt .................................................... 3,469 5,405 11,131 10,858 10,082
Long-term debt .................................................... 4,757 5,304 2,502 5,513 4,734
Total liabilities .................................................... 270,726 271,887 252,145 265,803 259,027
Guaranteed beneficial interest in Trust holding solely debentures of Parent ..... 690 690 — — —
Equity ........................................................... 21,330 20,453 20,608 19,291 20,395
(1) Earnings per share data for 2001 reflects earnings for the period from December 18, 2001, the date of demutualization, through December
31, 2001 only. Net income during this period was $38 million and $3 million for the Financial Services Businesses and Closed Block
Business, respectively.
(2) For purposes of this computation, earnings are defined as income from continuing operations before income taxes excluding undistributed
income from equity method investments, fixed charges and interest capitalized. Fixed charges are the sum of gross interest expense,
interest credited to policyholders’ account balances and an estimated interest component of rent expense. Due to the Company’s loss in
2001, the ratio coverage was less than 1:1 and is therefore not presented. Additional earnings of $176 million would have been required in
2001 to achieve a ratio of 1:1.
(3) Operating results by division and segment for 1998 are not readily available.
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