Prudential 2003 Annual Report Download - page 174

PRUDENTIAL FINANCIAL, INC.
Supplemental Combining Statements of Financial Position
December 31, 2003 and 2002 (in millions)
2003 2002
Financial
Services
Businesses
Closed
Block
Business Consolidated
Financial
Services
Businesses
Closed
Block
Business Consolidated
ASSETS
Fixed maturities:
Available for sale, at fair value ..................... $ 84,353 $44,590 $128,943 $ 79,230 $46,233 $125,463
Held to maturity, at amortized cost .................. 3,068 — 3,068 2,612 — 2,612
Trading account assets, at fair value ..................... 3,302 — 3,302 3,449 — 3,449
Equity securities, available for sale, at fair value ........... 1,119 2,282 3,401 1,286 1,521 2,807
Commercial loans ................................... 12,463 7,006 19,469 12,414 6,987 19,401
Policy loans ........................................ 2,609 5,543 8,152 3,146 5,681 8,827
Securities purchased under agreements to resell ........... 1,464 — 1,464 4,844 — 4,844
Cash collateral for borrowed securities ................... — — — 4,660 — 4,660
Other long-term investments ........................... 4,568 1,041 5,609 4,333 1,075 5,408
Short-term investments ............................... 4,052 3,581 7,633 3,158 2,579 5,737
Total investments ............................... 116,998 64,043 181,041 119,132 64,076 183,208
Cash and cash equivalents ............................ 5,791 2,158 7,949 7,470 2,428 9,898
Accrued investment income ........................... 1,046 751 1,797 1,021 769 1,790
Broker-dealer related receivables ....................... 1,098 — 1,098 5,631 — 5,631
Deferred policy acquisition costs ....................... 6,605 1,221 7,826 5,875 1,156 7,031
Other assets ........................................ 14,320 563 14,883 13,486 1,017 14,503
Separate account assets ............................... 106,680 — 106,680 70,555 — 70,555
TOTAL ASSETS .............................. $252,538 $68,736 $321,274 $223,170 $69,446 $292,616
LIABILITIES AND ATTRIBUTED EQUITY
LIABILITIES
Future policy benefits ................................ $ 46,003 $48,842 $ 94,845 $ 42,213 $48,247 $ 90,460
Policyholders’ account balances ........................ 44,168 5,523 49,691 40,799 5,481 46,280
Unpaid claims and claim adjustment expenses ............. 1,687 — 1,687 3,428 — 3,428
Policyholders’ dividends .............................. 1,077 3,611 4,688 918 2,757 3,675
Securities sold under agreements to repurchase ............ 5,196 4,458 9,654 10,250 4,652 14,902
Cash collateral for loaned securities ..................... 3,571 2,215 5,786 7,517 2,714 10,231
Income taxes payable ................................ 2,234 48 2,282 1,910 23 1,933
Broker-dealer related payables ......................... 2,364 — 2,364 4,838 — 4,838
Securities sold but not yet purchased .................... 1,598 — 1,598 1,996 — 1,996
Short-term debt ..................................... 4,739 — 4,739 3,469 — 3,469
Long-term debt ..................................... 3,860 1,750 5,610 3,007 1,750 4,757
Other liabilities ..................................... 9,021 1,337 10,358 11,018 3,054 14,072
Separate account liabilities ............................ 106,680 — 106,680 70,555 — 70,555
Total liabilities ................................. 232,198 67,784 299,982 201,918 68,678 270,596
Guaranteed beneficial interest in Trust holding solely
debentures of Parent ............................... — — — 690 — 690
COMMITMENTS AND CONTINGENCIES
ATTRIBUTED EQUITY
Accumulated other comprehensive income ............... 1,777 669 2,446 1,941 644 2,585
Other attributed equity ............................... 18,563 283 18,846 18,621 124 18,745
Total attributed equity ............................ 20,340 952 21,292 20,562 768 21,330
TOTAL LIABILITIES AND ATTRIBUTED
EQUITY .................................... $252,538 $68,736 $321,274 $223,170 $69,446 $292,616
See Notes to Supplemental Combining Financial Information
Growing and Protecting Your Wealth172