Prudential 2012 Annual Report Download - page 180

PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
18. EMPLOYEE BENEFIT PLANS (continued)
(1) This category invests in U.S. equity funds, primarily large cap equities whose objective is to track an index via pooled separate accounts and registered
investment companies.
(2) This category invests in U.S. equity funds, primarily large cap equities.
(3) This category invests in international equity funds, primarily large cap international equities whose objective is to track an index.
(4) This category fund invests in large cap international equity fund whose objective is to outperform an index.
(5) This category invests in U.S. bonds funds.
(6) This category invests in highly rated corporate bonds.
(7) This category invests in highly rated Collateralized Mortgage Obligations.
(8) Cash and cash equivalents, short term investments, payables and receivables and open future contract positions (including fixed income collateral).
(9) In 2012 the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $44 million and the
liability for securities lending collateral is $44 million.
(10) In 2011 the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $78 million and the
liability for securities lending collateral is $78 million.
Changes in Fair Value of Level 3 Postretirement Assets
Year Ended December 31, 2012
Fixed
Maturities–
Corporate Debt–
Corporate
Bonds
Fixed
Maturities–
Other
(in millions)
Fair Value, beginning of period ....................................................................... $2 $2
Actual Return on Assets:
Relating to assets still held at the reporting date .................................................. 0 0
Relating to assets sold during the period ........................................................ 0 0
Purchases, sales and settlements .................................................................. 0 (6)
Transfers in and /or out of Level 3 ................................................................. 0 0
Fair Value, end of period ............................................................................ $2 $(4)
Year Ended December 31, 2011
Fixed
Maturities–
Corporate Debt–
Corporate
Bonds
Fixed
Maturities–
Other
(in millions)
Fair Value, beginning of period ....................................................................... $2 $4
Actual Return on Assets:
Relating to assets still held at the reporting date .................................................. 0 0
Relating to assets sold during the period ........................................................ 0 0
Purchases, sales and settlements .................................................................. 0 (2)
Transfers in and /or out of Level 3 ................................................................. 0 0
Fair Value, end of period ............................................................................ $2 $2
A summary of pension and postretirement plan asset allocation as of the year ended December 31, are as follows:
Pension Percentage of Plan Assets
Postretirement Percentage of Plan
Assets
2012 2011 2012 2011
Asset Category
U.S. Equities ....................................... 10% 8% 52% 46%
International Equities ................................ 4 2 5 4
Fixed Maturities .................................... 69 73 40 48
Short-term Investments ............................... 3 2 3 2
Real Estate ........................................ 4 4 0 0
Other ............................................. 10 11 0 0
Total ............................................. 100% 100% 100% 100%
178 Prudential Financial, Inc. 2012 Annual Report