Prudential 2011 Annual Report Download - page 244

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
20. FAIR VALUE OF ASSETS AND LIABILITIES (continued)
Year Ended December 31, 2009
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Foreign
Government
Bonds
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Corporate
Securities
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Asset-Backed
Securities
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Commercial
Mortgage-
Backed
Securities
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Residential
Mortgage-
Backed
Securities
(in millions)
Fair Value, beginning of period .................................... $ 0 $ 75 $ 35 $6 $28
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net .................. 0 0 0 0 0
Asset management fees and other income ................ 0 20 59 (1) 3
Included in other comprehensive income (loss) ............... 0 0 0 0 0
Net investment income ...................................... 0 2 0 0 0
Purchases, sales, issuances, settlements ......................... 12 (72) (68) 0 (4)
Foreign currency translation .................................. 0 0 0 0 0
Other(1) .................................................. 0 0 0 0 0
Transfers into Level 3(2) ..................................... 0 229 266 0 0
Transfers out of Level 3(2) ................................... (12) (171) (11) 0 (7)
Fair Value, end of period ......................................... $ 0 $ 83 $281 $ 5 $20
Unrealized gains (losses) for the period relating to those Level 3 assets that
were still held at the end of the period(3):
Included in earnings:
Realized investment gains (losses), net .................. $ 0 $ 0 $ 0 $0 $ 0
Asset management fees and other income ................ $ 0 $ 16 $ 47 $(1) $ 3
Year Ended December 31, 2009
Trading
Account
Assets
Supporting
Insurance
Liabilities-
Equity
Securities
Other
Trading
Account
Assets-
Corporate
Securities
Other
Trading
Account
Assets-
Asset-Backed
Securities
Other
Trading
Account
Assets-
Commercial
Mortgage-
Backed
Securities
Other
Trading
Account
Assets-
Residential
Mortgage-
Backed
Securities
(in millions)
Fair Value, beginning of period ...................................... $1 $38 $ 30 $ 2 $ 3
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net .................... 0 0 0 0 0
Asset management fees and other income .................. 2 (1) (34) (9) 0
Included in other comprehensive income (loss) ................. 0 0 0 0 0
Net investment income ........................................ 0 0 1 1 1
Purchases, sales, issuances, settlements ........................... 0 6 827 4 0
Foreign currency translation .................................... 0 0 2 2 0
Other(1) .................................................... 0 (11) 36 0 0
Transfers into Level 3(2) ....................................... 0 2 26 30 11
Transfers out of Level 3(2) ..................................... 0 0 (791) (3) (3)
Fair Value, end of period ........................................... $3 $34 $ 97 $27 $12
Unrealized gains (losses) for the period relating to those Level 3 assets that
were still held at the end of the period(3):
Included in earnings:
Realized investment gains (losses), net .................... $0 $ 0 $ 0 $ 0 $ 0
Asset management fees and other income .................. $2 $ 1 $ (38) $(10) $ 0
242 Prudential Financial, Inc. 2011 Annual Report