Prudential 2003 Annual Report Download - page 167

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
19. SEGMENT INFORMATION (continued)
Year ended December 31, 2002
Revenues
Net
Investment
Income
Policyholders’
Benefits
Interest
Credited to
Policyholders’
Account
Balances
Dividends to
Policyholders
Interest
Expense
Amortization
of Deferred
Policy
Acquisition
Costs
(in millions)
Financial Services Businesses:
Individual Life and Annuities ........... $ 2,696 $ 837 $ 815 $ 398 $ 16 $ 1 $ 500
Group Insurance ..................... 3,586 582 2,703 235 — 2 (2)
Total Insurance Division ........... 6,282 1,419 3,518 633 16 3 498
Investment Management ............... 1,235 30 — — — 4 72
Financial Advisory ................... 2,421 148 — — — — —
Retirement .......................... 2,375 2,090 880 978 — 18 20
Other Asset Management .............. 90 30 — — — 8 —
Total Investment Division .......... 6,121 2,298 880 978 — 30 92
International Insurance ................ 5,073 682 3,175 96 103 1 233
International Investments .............. 325 37 — — — — 1
Total International Insurance and
Investments Division ............ 5,398 719 3,175 96 103 1 234
Corporate and Other .................. 418 620 98 — 3 161 (85)
Total .......................... 18,219 5,056 7,671 1,707 122 195 739
Items excluded from adjusted operating income:
Realized investment losses, net of related
adjustments ........................... (872) — — — — — —
Related charges .......................... — — (1) — 16 — (21)
Total realized investment losses, net of
related charges and adjustments ....... (872) — (1) — 16 — (21)
Divested businesses ....................... 1,835 145 1,403 — — — 335
Total Financial Services
Businesses .................... 19,182 5,201 9,073 1,707 138 195 1,053
Closed Block Business .................... 7,121 3,618 4,305 139 2,506 156 162
Total per Consolidated Financial Statements . . . $26,303 $8,819 $13,378 $1,846 $2,644 $351 $1,215
Prudential Financial 2003 Annual Report 165