Prudential 2012 Annual Report Download - page 194

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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
Equity
Securities
Available-
For-Sale
Commercial
Mortgage
and Other
Loans
Other
Long-term
Investments
Other
Assets
Separate
Account
Assets(4)
Future
Policy
Benefits
Other
Liabilities
and notes
of consolidated
VIEs
(in millions)
Fair Value, beginning of period .................................. $355 $212 $ 768 $9 $15,792 $ 204 $ (3)
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ................. (16) 15 2 0 0 (2,554) (16)
Asset management fees and other income ............... 0 0 (1) 0 0 0 0
Interest credited to policyholders’ account balance ....... 0 0 0 0 2,868 0 0
Included in other comprehensive income (loss) .............. 27 0 0 0 0 0 0
Net investment income ..................................... 0 0 (27) 0 0 0 0
Purchases ................................................ 63 0 280 0 3,111 0 0
Sales .................................................... (66) 0 (25) 0 (1,462) 0 0
Issuances ................................................ 0 0 0 0 3 (506) (284)
Settlements .............................................. (46) (141) (168) 0 (1,156) (1) 18
Foreign currency translation ................................. 75 0 14 0 0 1 0
Other(1) ................................................. (853) 0 267 0 0 (30) 0
Transfers into Level 3(2) .................................... 823 0 0 0 864 0 0
Transfers out of Level 3(2) .................................. (2) 0 0 0 (662) 0 0
Fair Value, end of period ........................................ $360 $ 86 $1,110 $9 $19,358 $(2,886) $(285)
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ................. $ (25) $ 15 $ 2 $0 $ 0 $(2,566) $ (17)
Asset management fees and other income ............... $ 0 $ 0 $ 24 $0 $ 0 $ 0 $ 0
Interest credited to policyholders’ account balances ....... $ 0 $ 0 $ 0 $0 $ 1,823 $ 0 $ 0
Year Ended December 31, 2010
Fixed Maturities Available-For-Sale
Foreign
Government Corporate
Asset-
Backed
Commercial
Mortgage-
Backed
Residential
Mortgage-
Backed
(in millions)
Fair Value, beginning of period .......................................... $47 $ 902 $6,363 $ 305 $104
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ........................ 0 (27) (55) (142) 0
Included in other comprehensive income (loss) ..................... 0 101 158 39 0
Net investment income ............................................ 0 12 (18) (1) 1
Purchases, sales, issuances, settlements ................................ 0 (208) 392 (46) (6)
Foreign currency translation ........................................ 0 0 2 3 0
Other(1) ........................................................ 0 9 1 48 (48)
Transfers into Level 3(2) ........................................... 0 547 131 8 2
Transfers out of Level 3(2) ......................................... (20) (149) (5,221) (84) (30)
Fair Value, end of period ............................................... $27 $1,187 $ 1,753 $ 130 $ 23
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ........................ $ 0 $ (31) $ (64) $(148) $ 0
192 Prudential Financial, Inc. 2012 Annual Report