Prudential 2015 Annual Report Download - page 193

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
Year Ended December 31, 2015
Separate
Account
Assets(4)
Future
Policy
Benefits
Other
Liabilities
Notes Issued
by Consolidated
VIEs
(in millions)
Fair Value, beginning of period ..................................................... $24,662 $(8,182) $(5) $(6,033)
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net .................................... 15 717 1 287
Other income ........................................................ 0 0 0 146
Interest credited to policyholders’ account balances .......................... 3,359 0 0 0
Net investment income ........................................................ 24 0 0 0
Purchases ................................................................... 3,495 0 0 0
Sales ...................................................................... (1,114) 0 0 0
Issuances ................................................................... 0 (969) 0 (2,997)
Settlements ................................................................. (1,839) 0 2 0
Foreign currency translation .................................................... (5) 0 0 0
Other(1) .................................................................... (472) 0 0 0
Transfers into Level 3(2) ....................................................... 51 0 0 0
Transfers out of Level 3(2) ..................................................... (520) 0 0 0
Fair Value, end of period .......................................................... $27,656 $(8,434) $(2) $(8,597)
Unrealized gains (losses) for assets/liabilities still held(3):
Included in earnings:
Realized investment gains (losses), net .................................... $ 0 $ 485 $1 $ 287
Other income ........................................................ $ 0 $ 0 $0 $ 146
Interest credited to policyholders’ account balances .......................... $ 1,970 $ 0 $ 0 $ 0
Year Ended December 31, 2014(5)
Fixed Maturities Available-For-Sale
U.S.
Government
U.S.
States
Foreign
Government
U.S.
Corporate
Public
Securities
U.S.
Corporate
Private
Securities
Foreign
Corporate
Public
Securities
Foreign
Corporate
Private
Securities
(in millions)
Fair Value, beginning of period ................................. $0 $0 $1 $270 $343 $487 $229
Total gains (losses) (realized/unrealized):
Included in earnings:
Realized investment gains (losses), net ............... 0 0 0 0 9 (8) 19
Included in other comprehensive income (loss) ............. 0 0 0 11 2 52 (20)
Net investment income .................................... 0 0 0 (1) 8 1 (18)
Purchases .............................................. 0 2 2 232 192 13 388
Sales .................................................. 0 (1) 0 (34) (22) (217) (363)
Issuances .............................................. 0 0 0 0 0 0 0
Settlements ............................................. 0 0 0 (105) (231) (13) (64)
Foreign currency translation ............................... 0 0 0 (13) 0 (53) 0
Other(1) ............................................... 0 0 0 0 2 2 0
Transfers into Level 3(2) .................................. 0 5 0 61 257 1 0
Transfers out of Level 3(2) ................................ 0 0 (1) (64) (37) (13) 0
Fair Value, end of period ...................................... $0 $6 $2 $357 $523 $252 $171
Unrealized gains (losses) for assets still held(3):
Included in earnings:
Realized investment gains (losses), net ............... $0 $0 $0 $ 0 $ (20) $ 0 $ 0
Prudential Financial, Inc. 2015 Annual Report 191