Prudential 2011 Annual Report Download - page 177
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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
4. INVESTMENTS (continued)
Commercial mortgage loans—Hospitality
Debt Service Coverage Ratio—December 31, 2011
Greater than
2.0X 1.8X to 2.0X 1.5X to <1.8X 1.2X to <1.5X 1.0X to <1.2X
Less than
1.0X Total
(in millions)
Loan-to-Value Ratio
0%—49.99% ......................... $143 $158 $ 0 $115 $ 22 $ 0 $ 438
50%—59.99% ........................ 51 0 0 9 57 0 117
60%—69.99% ........................ 0 6 45 350 11 0 412
70%—79.99% ........................ 6 0 0 0 117 61 184
80%—89.99% ........................ 0 0 77 49 37 36 199
90%—100% .......................... 0 0 19 0 21 15 55
Greater than 100% ..................... 0 0 0 0 2 79 81
Total Hospitality ....................... $200 $164 $141 $523 $267 $191 $1,486
Commercial mortgage loans—Other
Debt Service Coverage Ratio—December 31, 2011
Greater than
2.0X 1.8X to 2.0X 1.5X to <1.8X 1.2X to <1.5X 1.0X to <1.2X
Less than
1.0X Total
(in millions)
Loan-to-Value Ratio
0%—49.99% ......................... $333 $ 31 $ 6 $ 74 $ 1 $ 1 $ 446
50%—59.99% ........................ 50 185 20 7 0 0 262
60%—69.99% ........................ 111 173 280 295 118 7 984
70%—79.99% ........................ 286 0 202 286 13 0 787
80%—89.99% ........................ 0 0 61 21 15 5 102
90%—100% .......................... 0 19 0 0 16 15 50
Greater than 100% ..................... 0 0 0 0 2 74 76
Total Other ........................... $780 $408 $569 $683 $165 $102 $2,707
Agricultural property loans
Debt Service Coverage Ratio—December 31, 2011
Greater than
2.0X 1.8X to 2.0X 1.5X to <1.8X 1.2X to <1.5X 1.0X to <1.2X
Less than
1.0X Total
(in millions)
Loan-to-Value Ratio
0%—49.99% ......................... $383 $123 $340 $427 $154 $ 0 $1,427
50%—59.99% ........................ 70 120 8 39 0 3 240
60%—69.99% ........................ 155 5 181 0 0 0 341
70%—79.99% ........................ 0 0 0 0 0 0 0
80%—89.99% ........................ 0 0 0 0 0 0 0
90%—100% .......................... 0 0 0 0 0 38 38
Greater than 100% ..................... 0 0 0 0 0 0 0
Total Agricultural ...................... $608 $248 $529 $466 $154 $41 $2,046
Commercial mortgage and agricultural loans
Debt Service Coverage Ratio—December 31, 2011
Greater than
2.0X 1.8X to 2.0X 1.5X to <1.8X 1.2X to <1.5X 1.0X to <1.2X
Less than
1.0X Total
(in millions)
Loan-to-Value Ratio
0%—49.99% ........................ $ 5,156 $1,415 $1,533 $1,261 $ 452 $ 144 $ 9,961
50%—59.99% ....................... 1,764 1,020 1,400 709 253 92 5,238
60%—69.99% ....................... 2,576 1,440 2,045 2,254 721 255 9,291
70%—79.99% ....................... 639 232 804 2,086 1,298 218 5,277
80%—89.99% ....................... 0 46 138 430 235 406 1,255
90%—100% ......................... 19 19 66 30 55 365 554
Greater than 100% .................... 16 0 17 128 98 430 689
Total Commercial Mortgage and
Agricultural .................... $10,170 $4,172 $6,003 $6,898 $3,112 $1,910 $32,265
Prudential Financial, Inc. 2011 Annual Report 175