Prudential 2012 Annual Report Download - page 193

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
20. FAIR VALUE OF ASSETS AND LIABILITIES (continued)
Year Ended December 31, 2011
Fixed Maturities Available-For-Sale
U.S.
Government
Foreign
Government Corporate
Asset-
Backed
Commercial
Mortgage-
Backed
Residential
Mortgage-
Backed
(in millions)
Fair Value, beginning of period .................................... $ 0 $27 $1,187 $1,753 $130 $23
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net .................. 0 0 (31) 38 (41) 0
Included in other comprehensive income (loss) ................ 0 2 (139) (14) 8 (1)
Net investment income ....................................... 0 0 9 24 (1) 0
Purchases ................................................. 66 0 556 1,473 5 1
Sales ..................................................... 0 (1) (144) (558) (30) (1)
Issuances .................................................. 0 0 33 0 0 0
Settlements ................................................ 0 0 (387) (373) (36) (5)
Foreign currency translation ................................... 0 0 7 54 8 0
Other(1) .................................................. 0 0 143 502 31 (1)
Transfers into Level 3(2) ..................................... 0 0 893 252 76 0
Transfers out of Level 3(2) .................................... 0 (3) (677) (623) (5) 0
Fair Value, end of period ......................................... $66 $25 $1,450 $2,528 $145 $16
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net .................. $ 0 $ 0 $ (39) $ 7 $ (55) $ 0
Year Ended December 31, 2011
Trading Account Assets
U.S.
Government Corporate
Asset-
Backed
Commercial
Mortgage-
Backed
Residential
Mortgage-
Backed
Equity
Securities
All Other
Activity
(in millions)
Fair Value, beginning of period .................................. $0 $117 $ 280 $ 24 $ 36 $ 30 $134
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ................. 0 0 0 0 0 0 (31)
Asset management fees and other income .............. 0 7 (3) 2 0 (69) 3
Net investment income ..................................... 0 0 5 2 0 0 0
Purchases ............................................... 9 82 305 10 0 39 0
Sales ................................................... 0 (18) (41) (13) (2) (107) 0
Issuances ................................................ 0 0 0 0 0 0 0
Settlements .............................................. 0 (39) (106) (5) (2) (126) (18)
Foreign currency translation ................................. 0 0 5 1 1 25 0
Other(1) ................................................. 0 (1) 17 13 (29) 1,302 0
Transfers into Level 3(2) ................................... 0 44 39 24 0 202 5
Transfers out of Level 3(2) .................................. 0 (44) (85) (23) 0 0 0
Fair Value, end of period ....................................... $9 $148 $ 416 $ 35 $ 4 $1,296 $ 93
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ................. $0 $ 0 $ 0 $ 0 $ 0 $ 0 $(31)
Asset management fees and other income .............. $0 $ 5 $ (7) $ (1) $ 0 $ (80) $ 3
Prudential Financial, Inc. 2012 Annual Report 191