Prudential 2011 Annual Report Download - page 68

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis, as of December 31, 2011 and
2010, split between the Financial Services Businesses and Closed Block Business, by fair value hierarchy level. See Note 20 to the
Consolidated Financial Statements for the balances of assets and liabilities measured at fair value on a recurring basis presented on a
consolidated basis.
Financial Services Businesses as of December 31, 2011
Level 1 Level 2 Level 3(1) Netting(2) Total
(in millions)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government authorities and agencies ...... $ 0 $ 9,524 $ 43 $ $ 9,567
Obligations of U.S. states and their political subdivisions ............................. 0 2,277 0 2,277
Foreign government bonds ..................................................... 0 76,401 13 76,414
Corporate securities .......................................................... 12 96,090 1,016 97,118
Asset-backed securities ........................................................ 0 4,654 1,867 6,521
Commercial mortgage-backed securities .......................................... 0 8,220 145 8,365
Residential mortgage-backed securities ........................................... 0 7,856 14 7,870
Subtotal ................................................................ 12 205,022 3,098 208,132
Trading account assets supporting insurance liabilities:
U.S. Treasury securities and obligations of U.S. government authorities and agencies ...... 0 177 9 186
Obligations of U.S. states and their political subdivisions ............................. 0 284 0 284
Foreign government bonds ..................................................... 0 655 0 655
Corporate securities .......................................................... 0 10,927 109 11,036
Asset-backed securities ........................................................ 0 1,010 357 1,367
Commercial mortgage-backed securities .......................................... 0 2,226 21 2,247
Residential mortgage-backed securities ........................................... 0 1,842 2 1,844
Equity securities ............................................................. 769 122 20 911
Short-term investments and cash equivalents ....................................... 684 267 0 951
Subtotal ................................................................ 1,453 17,510 518 19,481
Other trading account assets:
U.S. Treasury securities and obligations of U.S. government authorities and agencies ...... 0 31 0 31
Obligations of U.S. states and their political subdivisions ............................. 0 0 0 0
Foreign government bonds ..................................................... 2 45 0 47
Corporate securities .......................................................... 14 383 39 436
Asset-backed securities ........................................................ 0 523 59 582
Commercial mortgage-backed securities .......................................... 0 96 14 110
Residential mortgage-backed securities ........................................... 0 94 2 96
Equity securities ............................................................. 300 40 1,153 1,493
All other(3) ................................................................. 15 13,547 93 (11,222) 2,433
Subtotal ................................................................ 331 14,759 1,360 (11,222) 5,228
Equity securities, available-for-sale 1,909 2,171 333 4,413
Commercial mortgage and other loans ............................................ 0 514 86 600
Other long-term investments ................................................... 192 (195) 1,110 1,107
Short-term investments ........................................................ 5,035 3,197 0 8,232
Cash equivalents ............................................................. 2,595 5,797 0 8,392
Other assets ................................................................. 3 (25) 9 (13)
Subtotal excluding separate account assets .................................... 11,530 248,750 6,514 (11,222) 255,572
Separate account assets(4) ..................................................... 40,319 158,703 19,358 218,380
Total assets ............................................................. $51,849 $407,453 $25,872 $(11,222) $473,952
Future policy benefits ......................................................... $ 0 $ 0 $ 2,886 $ $ 2,886
Other liabilities .............................................................. 0 8,013 285 (7,854) 444
Total liabilities .......................................................... $ 0 $ 8,013 $ 3,171 $ (7,854) $ 3,330
66 Prudential Financial, Inc. 2011 Annual Report