Prudential 2011 Annual Report Download - page 179

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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, 2010
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% ......................... $153 $ 0 $128 $120 $ 0 $ 28 $ 429
50%—59.99% ........................ 21 0 0 0 0 0 21
60%—69.99% ........................ 0 36 52 156 59 11 314
70%—79.99% ........................ 0 0 6 243 0 0 249
80%—89.99% ........................ 0 4 72 0 72 101 249
90%—100% .......................... 0 0 19 0 0 88 107
Greater than 100% ..................... 0 0 0 59 35 121 215
Total Hospitality ....................... $174 $ 40 $277 $578 $166 $349 $1,584
Commercial mortgage loans—Other
Debt Service Coverage Ratio—December 31, 2010
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% ......................... $377 $ 0 $ 14 $ 19 $ 0 $ 1 $ 411
50%—59.99% ........................ 40 14 25 59 0 0 138
60%—69.99% ........................ 57 193 37 457 123 7 874
70%—79.99% ........................ 3 67 194 107 74 0 445
80%—89.99% ........................ 133 0 45 135 11 6 330
90%—100% .......................... 0 0 0 0 0 10 10
Greater than 100% ..................... 0 0 0 38 33 161 232
Total Other ........................... $610 $274 $315 $815 $241 $185 $2,440
Agricultural property loans
Debt Service Coverage Ratio—December 31, 2010
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% ......................... $407 $107 $349 $488 $121 $ 5 $1,477
50%—59.99% ........................ 38 136 18 26 0 0 218
60%—69.99% ........................ 161 0 0 0 28 0 189
70%—79.99% ........................ 0 0 0 0 0 9 9
80%—89.99% ........................ 0 0 0 0 0 0 0
90%—100% .......................... 0 0 0 0 0 0 0
Greater than 100% ..................... 0 0 0 0 0 0 0
Total Agricultural ...................... $606 $243 $367 $514 $149 $ 14 $1,893
Commercial mortgage and agricultural loans
Debt Service Coverage Ratio—December 31, 2010
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% ........................ $4,710 $1,021 $1,776 $1,239 $ 455 $ 154 $ 9,355
50%—59.99% ....................... 1,406 606 936 604 310 74 3,936
60%—69.99% ....................... 1,239 970 1,333 1,808 569 219 6,138
70%—79.99% ....................... 244 263 1,388 1,953 1,147 290 5,285
80%—89.99% ....................... 138 4 282 885 600 553 2,462
90%—100% ......................... 20 12 47 134 270 513 996
Greater than 100% .................... 16 0 13 348 299 976 1,652
Total Commercial Mortgage and
Agricultural .................... $7,773 $2,876 $5,775 $6,971 $3,650 $2,779 $29,824
Prudential Financial, Inc. 2011 Annual Report 177