Prudential 2006 Annual Report Download - page 175

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
20. SEGMENT INFORMATION (continued)
Year ended December 31, 2004
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 ............................. $ 2,073 $ 420 $ 591 $ 165 $ 18 $ 15 $274
Individual Annuities ........................ 1,578 586 201 358 — 9 125
Group Insurance ........................... 3,892 559 2,930 210 — 8 4
Total Insurance Division ................. 7,543 1,565 3,722 733 18 32 403
Asset Management ......................... 1,464 87 — — — 11 43
Financial Advisory ......................... 318 2 — — — — —
Retirement ................................ 3,225 2,600 862 1,362 — 37 10
Total Investment Division ................ 5,007 2,689 862 1,362 — 48 53
International Insurance ...................... 6,408 919 4,124 129 86 5 365
International Investments .................... 446 14 — — — 2 —
Total International Insurance and Investments
Division ............................ 6,854 933 4,124 129 86 7 365
Corporate Operations ....................... 224 549 85 (4) — 247 (55)
Real Estate and Relocation Services ............ 330 36 — — — — —
Total Corporate and Other ............... 554 585 85 (4) — 247 (55)
Total ................................ 19,958 5,772 8,793 2,220 104 334 766
Realized investment gains (losses), net, and related
adjustments ................................. 62 — — — — — —
Charges related to realized investment gains (losses),
net ........................................ (43) — 3 3 13 — 2
Investment gains (losses) on trading account assets
supporting insurance liabilities, net ............... (55) — — — — — —
Change in experience-rated contractholder liabilities
due to asset value changes ...................... — — — (1) — — —
Divested businesses ............................. 15 2 11 — — — —
Equity in earnings of operating joint ventures ........ (72) — — — — — —
Total Financial Services Businesses ........ 19,865 5,774 8,807 2,222 117 334 768
Closed Block Business .......................... 8,231 3,681 4,056 137 2,364 169 105
Total per Consolidated Financial Statements ......... $28,096 $9,455 $12,863 $2,359 $2,481 $503 $873
Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on
acquisition and cumulative effect of accounting change includes income from foreign operations of $2,055 million, $1,836 million
and $966 million for the years ended December 31, 2006, 2005 and 2004, respectively. Revenues, calculated in accordance with
U.S. GAAP, include revenues from foreign operations of $8,847 million, $9,027 million and $6,837 million for the years ended
December 31, 2006, 2005 and 2004, respectively. Included in the revenues from foreign operations are revenues from Japanese
operations of $6,627 million, $7,076 million and $5,421 million for the years ended December 31, 2006, 2005 and 2004,
respectively.
PRUDENTIAL FINANCIAL, INC. 2006 ANNUAL REPORT
173