Prudential 2005 Annual Report Download - page 83

PRUDENTIAL FINANCIAL, INC.
Consolidated Statements of Financial Position
December 31, 2005 and 2004 (in millions, except share amounts)
2005 2004
ASSETS
Fixed maturities:
Available for sale, at fair value (amortized cost: 2005—$149,365; 2004—$143,262) .................................. $155,153 $151,078
Held to maturity, at amortized cost (fair value: 2005—$3,345; 2004—$2,765) ....................................... 3,362 2,747
Trading account assets supporting insurance liabilities, at fair value .................................................... 13,781 12,964
Other trading account assets, at fair value ........................................................................ 1,443 1,613
Equity securities, available for sale, at fair value (cost: 2005—$4,179; 2004—$3,610) ..................................... 5,011 4,325
Commercial loans ........................................................................................... 24,441 25,488
Policy loans ................................................................................................ 8,370 8,373
Securities purchased under agreements to resell .................................................................... 413 127
Other long-term investments ................................................................................... 5,468 5,796
Short-term investments ....................................................................................... 3,959 5,245
Total investments ................................................................................... 221,401 217,756
Cash and cash equivalents .................................................................................... 7,799 8,072
Accrued investment income ................................................................................... 2,067 2,028
Reinsurance recoverables ..................................................................................... 3,548 32,790
Deferred policy acquisition costs ............................................................................... 9,438 8,847
Other assets ................................................................................................ 15,962 15,767
Separate account assets ....................................................................................... 157,561 115,568
TOTAL ASSETS ................................................................................... $417,776 $400,828
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Future policy benefits ........................................................................................ $102,165 $103,554
Policyholders’ account balances ................................................................................ 75,366 75,783
Policyholders’ dividends ...................................................................................... 4,413 5,350
Reinsurance payables ........................................................................................ 3,069 32,386
Securities sold under agreements to repurchase .................................................................... 12,517 8,958
Cash collateral for loaned securities ............................................................................. 5,818 7,269
Income taxes payable ........................................................................................ 2,214 2,451
Securities sold but not yet purchased ............................................................................ 223 427
Short-term debt ............................................................................................. 11,114 4,044
Long-term debt ............................................................................................. 8,270 7,627
Other liabilities ............................................................................................. 12,283 15,067
Separate account liabilities .................................................................................... 157,561 115,568
Total liabilities ..................................................................................... 395,013 378,484
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 21)
STOCKHOLDERS’ EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) ............................................. — —
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 604,899,046 and 604,894,558 shares issued at December 31,
2005 and 2004, respectively) ................................................................................ 6 6
Class B Stock ($.01 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding at December 31, 2005 and
2004, respectively) ........................................................................................ — —
Additional paid-in capital ..................................................................................... 20,501 20,348
Common Stock held in treasury, at cost (107,405,004 and 80,262,323 shares at December 31, 2005 and 2004, respectively) ....... (4,925) (3,052)
Accumulated other comprehensive income ....................................................................... 1,234 2,191
Retained earnings ........................................................................................... 5,947 2,851
Total stockholders’ equity ............................................................................. 22,763 22,344
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .............................................. $417,776 $400,828
See Notes to Consolidated Financial Statements
Prudential Financial 2005 Annual Report 81