Prudential 2003 Annual Report Download - page 74
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As of December 31, 2003 As of December 31, 2002
Financial Services
Businesses
Closed Block
Business
Financial Services
Businesses
Closed Block
Business
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
($ in millions)
Commercial loans by region:
U.S. Regions:
Pacific ....................................... $ 2,694 22.1% $2,607 36.9% $ 2,595 21.4% $2,671 37.8%
South Atlantic ................................. 1,654 13.5 1,392 19.7 1,650 13.6 1,397 19.8
Middle Atlantic ................................ 1,780 14.6 1,161 16.4 1,564 12.9 1,123 15.9
East North Central .............................. 849 7.0 513 7.3 853 7.0 442 6.3
Mountain ..................................... 478 3.9 420 5.9 460 3.8 436 6.2
West South Central ............................. 558 4.6 308 4.4 574 4.7 322 4.6
West North Central ............................. 410 3.4 254 3.6 414 3.4 259 3.7
New England .................................. 323 2.6 280 4.0 321 2.6 281 3.9
East South Central .............................. 202 1.6 124 1.8 204 1.7 130 1.8
Subtotal—U.S. .................................... 8,948 73.3 7,059 100.0 8,635 71.1 7,061 100.0
Asia ............................................. 3,020 24.7 — — 3,121 25.7 — —
Other ............................................ 242 2.0 — — 384 3.2 — —
Total Commercial Loans ......................... $12,210 100.0% $7,059 100.0% $12,140 100.0% $7,061 100.0%
As of December 31, 2003 As of December 31, 2002
Financial Services
Businesses
Closed Block
Business
Financial Services
Businesses
Closed Block
Business
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
Gross
Carrying
Value
%of
Total
($ in millions)
Commercial loans by property type:
Apartment complexes ............................... $ 2,909 23.8% $1,733 24.5% $ 2,736 22.5% $1,677 23.8%
Office buildings .................................... 1,770 14.5 1,585 22.4 1,745 14.4 1,589 22.5
Retail stores ....................................... 906 7.4 833 11.9 1,086 8.9 906 12.8
Industrial buildings ................................. 1,805 14.8 1,574 22.3 1,587 13.1 1,512 21.4
Residential properties ............................... 1,360 11.1 6 0.1 1,431 11.8 10 —
Agricultural properties .............................. 1,010 8.3 854 12.1 992 8.2 872 12.4
Other ............................................ 290 2.4 474 6.7 305 2.5 495 7.1
Subtotal of collateralized loans .................... 10,050 82.3 7,059 100.0 9,882 81.4 7,061 100.0
Uncollateralized loans ............................... 2,160 17.7 — — 2,258 18.6 — —
Total Commercial Loans ......................... $12,210 100.0% $7,059 100.0% $12,140 100.0% $7,061 100.0%
Growing and Protecting Your Wealth72