Prudential 2012 Annual Report Download - page 195

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
20. FAIR VALUE OF ASSETS AND LIABILITIES (continued)
Year Ended December 31, 2010
Trading Account Assets
Corporate Asset-Backed
Commercial
Mortgage-
Backed
Residential
Mortgage-
Backed Equity
All Other
Activity
(in millions)
Fair Value, beginning of period ...................................... $117 $ 378 $ 32 $32 $27 $297
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ..................... 0 0 0 0 0 (67)
Asset management fees and other income .................. 1 12 9 4 1 5
Net investment income ......................................... 1 3 1 1 0 0
Purchases, sales, issuances, settlements ............................ (33) 109 (16) (9) 4 (98)
Foreign currency translation ..................................... 0 3 2 2 0 0
Other(1) ..................................................... (2) 5 (2) 2 0 (3)
Transfers into Level 3(2) ........................................ 72 30 37 9 0 0
Transfers out of Level 3(2) ...................................... (39) (260) (39) (5) (2) 0
Fair Value, end of period ........................................... $117 $ 280 $ 24 $36 $30 $134
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ..................... $ 0 $ 0 $ 0 $ 0 $ 0 $(67)
Asset management fees and other income .................. $ (1) $ 10 $ 9 $ 3 $ 2 $ 5
Year Ended December 31, 2010
Equity
Securities
Available-
For-Sale
Commercial
Mortgage
and Other
Loans
Other
Long-term
Investments
Other
Assets
(in millions)
Fair Value, beginning of period ....................................................... $393 $ 338 $498 $ 27
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ...................................... 24 23 (5) 0
Asset management fees and other income ................................... 0 0 62 (7)
Included in other comprehensive income (loss) ................................... (19) 0 0 0
Net investment income .......................................................... 0 0 2 0
Purchases, sales, issuances, settlements ............................................. (56) (149) 211 (11)
Foreign currency translation ...................................................... 11 0 0 0
Transfers into Level 3(2) ......................................................... 3 0 0 0
Transfers out of Level 3(2) ....................................................... (1) 0 0 0
Fair Value, end of period ............................................................ $355 $ 212 $768 $ 9
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ...................................... $(29) $ 22 $ (6) $ 0
Asset management fees and other income ................................... $ 0 $ 0 $ 46 $ (7)
Prudential Financial, Inc. 2012 Annual Report 193