Prudential 2011 Annual Report Download - page 171

PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
4. INVESTMENTS (continued)
As of December 31, 2011 and 2010, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the
Company’s stockholders’ equity included securities of the U.S. government, certain U.S. government agencies and certain securities
guaranteed by the U.S. government, as well as the securities disclosed below.
December 31, 2011 December 31, 2010
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
(in millions)
Investments in Japanese government and government agency securities:
Fixed maturities, available-for-sale ......................................... $60,323 $63,846 $38,647 $40,752
Fixed maturities, held-to-maturity .......................................... 1,260 1,388 1,199 1,283
Trading account assets supporting insurance liabilities .......................... 471 483 418 424
Other trading account assets ............................................... 40 40 23 24
Short-term investments ...................................................0000
Cash equivalents ........................................................0000
Total ............................................................. $62,094 $65,757 $40,287 $42,483
December 31, 2011 December 31, 2010
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
(in millions)
Investments in South Korean government and government agency securities:
Fixed maturities, available-for-sale ......................................... $ 4,678 $ 5,240 $ 3,963 $ 4,238
Fixed maturities, held-to-maturity ..........................................0000
Trading account assets supporting insurance liabilities .......................... 17 18 17 18
Other trading account assets ...............................................2212
Short-term investments ...................................................0000
Cash equivalents ........................................................0000
Total ............................................................. $ 4,697 $ 5,260 $ 3,981 $ 4,258
Commercial Mortgage and Other Loans
The Company’s commercial mortgage and other loans are comprised as follows at December 31:
December 31, 2011 December 31, 2010
Amount
(in millions)
%of
Total
Amount
(in millions)
%of
Total
Commercial and agricultural mortgage loans by property type:
Office buildings .......................................................... $ 6,391 19.8% $ 5,803 19.5%
Retail stores ............................................................. 7,309 22.7 6,388 21.4
Apartments/Multi-Family .................................................. 5,277 16.4 5,140 17.2
Industrial buildings ....................................................... 7,049 21.8 6,576 22.1
Hospitality .............................................................. 1,486 4.6 1,584 5.3
Other .................................................................. 2,707 8.4 2,440 8.2
Total commercial mortgage loans ............................................ 30,219 93.7 27,931 93.7
Agricultural property loans ................................................. 2,046 6.3 1,893 6.3
Total commercial mortgage and agricultural loans by property type ................. 32,265 100.0% 29,824 100.0%
Valuation allowance ...................................................... (313) (505)
Total net commercial mortgage and agricultural loans by property type .............. 31,952 29,319
Other loans
Uncollateralized loans ..................................................... 2,323 1,468
Residential property loans .................................................. 1,034 891
Other collateralized loans .................................................. 176 223
Total other loans ......................................................... 3,533 2,582
Valuation allowance ...................................................... (54) (70)
Total net other loans ...................................................... 3,479 2,512
Total commercial mortgage and other loans(1) .................................. $35,431 $31,831
(1) Includes loans held at fair value.
Prudential Financial, Inc. 2011 Annual Report 169