Prudential 2005 Annual Report Download - page 170

FORWARD-LOOKING STATEMENTS
Some of the statements included in this Annual Report, including but not limited to those in
Management’s Discussion and Analysis of Financial Condition and Results of Operations, may constitute
forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Words such as “expects,” “believes,” “anticipates,” “includes,” “plans,” “assumes,” “estimates,” “projects,”
“intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking
statements. Forward-looking statements are made based on management’s current expectations and beliefs
concerning future developments and their potential effects upon Prudential Financial, Inc. and its
subsidiaries. There can be no assurance that future developments affecting Prudential Financial, Inc. and its
subsidiaries will be those anticipated by management. These forward-looking statements are not a guarantee
of future performance and involve risks and uncertainties, and there are certain important factors that could
cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-
looking statements, including, among others: (1) general economic, market and political conditions,
including the performance and fluctuations of stock, real estate and other financial markets; (2) interest rate
fluctuations; (3) reestimates of our reserves for future policy benefits and claims; (4) differences between
actual experience regarding mortality, morbidity, persistency, surrender experience, interest rates or market
returns and the assumptions we use in pricing our products, establishing liabilities and reserves or for other
purposes; (5) changes in our assumptions related to deferred policy acquisition costs, valuation of business
acquired or goodwill; (6) changes in our claims-paying or credit ratings; (7) investment losses and defaults;
(8) competition in our product lines and for personnel; (9) changes in tax law; (10) economic, political,
currency and other risks relating to our international operations; (11) fluctuations in foreign currency
exchange rates and foreign securities markets; (12) regulatory or legislative changes; (13) adverse
determinations in litigation or regulatory matters and our exposure to contingent liabilities, including in
connection with our divestiture or winding down of businesses; (14) domestic or international military
actions, natural or man-made disasters including terrorist activities or pandemic disease, or other events
resulting in catastrophic loss of life; (15) ineffectiveness of risk management policies and procedures in
identifying, monitoring and managing risks; (16) effects of acquisitions, divestitures and restructurings,
including possible difficulties in integrating and realizing the projected results of acquisitions; (17) changes
in statutory or U.S. GAAP accounting principles, practices or policies; (18) changes in assumptions for
retirement expense; (19) Prudential Financial, Inc.’s primary reliance, as a holding company, on dividends or
distributions from its subsidiaries to meet debt payment obligations and continue share repurchases, and the
applicable regulatory restrictions on the ability of the subsidiaries to pay such dividends or distributions; and
(20) risks due to the lack of legal separation between our Financial Services Businesses and our Closed
Block Business. Prudential Financial, Inc. does not intend, and is under no obligation, to update any
particular forward-looking statement included in this document. See “Risk Factors” included in Prudential
Financial’s 2005 Annual Report on Form 10-K for discussion of certain risks relating to our businesses and
investment in our securities.
SEC AND NYSE CERTIFICATIONS
The certifications by the Chief Executive Officer and the Chief Financial Officer of Prudential
Financial, Inc. required under Section 302 of the Sarbanes-Oxley Act of 2002 have been filed as exhibits to
Prudential Financial’s 2005 Annual Report on Form 10-K. In addition, the Chief Executive Officer of
Prudential Financial made an unqualified certification to the New York Stock Exchange (NYSE) regarding
Prudential Financial’s compliance with the NYSE corporate governance listing standards in June 2005.
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