Prudential 2011 Annual Report Download - page 145

PRUDENTIAL FINANCIAL, INC.
Consolidated Statements of Financial Position
December 31, 2011 and 2010 (in millions, except share amounts)
2011 2010
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2011-$240,424; 2010-$187,754)(1) ......................... $254,648 $194,983
Fixed maturities, held-to-maturity, at amortized cost (fair value: 2011-$5,354; 2010-$5,477)(1) .............................. 5,107 5,226
Trading account assets supporting insurance liabilities, at fair value(1) ................................................. 19,481 17,771
Other trading account assets, at fair value ........................................................................ 5,545 4,225
Equity securities, available-for-sale, at fair value (cost: 2011-$6,922; 2010-$6,469) ....................................... 7,535 7,741
Commercial mortgage and other loans (includes $603 and $364 measured at fair value under the fair value option at December 31,
2011 and 2010, respectively)(1) .............................................................................. 35,431 31,831
Policy loans ................................................................................................ 11,559 10,667
Other long-term investments (includes $366 and $258 measured at fair value under the fair value option at December 31, 2011 and
2010, respectively)(1) ...................................................................................... 7,820 6,171
Short-term investments ....................................................................................... 9,121 5,297
Total investments ....................................................................................... 356,247 283,912
Cash and cash equivalents(1) .................................................................................. 14,251 12,915
Accrued investment income(1) ................................................................................. 2,793 2,377
Deferred policy acquisition costs ............................................................................... 16,790 16,435
Other assets(1) ............................................................................................. 16,060 16,439
Separate account assets(1) .................................................................................... 218,380 207,776
TOTAL ASSETS ....................................................................................... $624,521 $539,854
LIABILITIES AND EQUITY
LIABILITIES
Future policy benefits ........................................................................................ $170,459 $133,874
Policyholders’ account balances ................................................................................ 134,552 106,441
Policyholders’ dividends ...................................................................................... 5,797 3,378
Securities sold under agreements to repurchase .................................................................... 6,218 5,885
Cash collateral for loaned securities ............................................................................. 2,973 2,171
Income taxes ............................................................................................... 8,083 6,353
Short-term debt ............................................................................................. 2,336 1,982
Long-term debt ............................................................................................. 24,622 23,653
Other liabilities (includes $282 and $0 measured at fair value under the fair value option at December 31, 2011 and 2010,
respectively)(1) ........................................................................................... 13,290 15,413
Separate account liabilities(1) .................................................................................. 218,380 207,776
Total liabilities ......................................................................................... 586,710 506,926
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 23)
EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) ............................................. 0 0
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 660,111,264 and 660,110,810 shares issued at December 31,
2011 and 2010, respectively) ................................................................................ 6 6
Class B Stock ($.01 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding at December 31, 2011 and
2010, respectively) ........................................................................................ 0 0
Additional paid-in capital ..................................................................................... 24,293 24,223
Common Stock held in treasury, at cost (192,072,613 and 176,312,047 shares at December 31, 2011 and 2010, respectively) ...... (11,920) (11,173)
Accumulated other comprehensive income (loss) .................................................................. 5,563 2,978
Retained earnings ........................................................................................... 19,281 16,381
Total Prudential Financial, Inc. equity ....................................................................... 37,223 32,415
Noncontrolling interests ...................................................................................... 588 513
Total equity ............................................................................................ 37,811 32,928
TOTAL LIABILITIES AND EQUITY .................................................................... $624,521 $539,854
(1) See Note 5 for details of balances associated with variable interest entities.
See Notes to Consolidated Financial Statements
Prudential Financial, Inc. 2011 Annual Report 143