Prudential 2006 Annual Report Download - page 94

PRUDENTIAL FINANCIAL, INC.
Consolidated Statements of Financial Position
December 31, 2006 and 2005 (in millions, except share amounts)
2006 2005
ASSETS
Fixed maturities:
Available for sale, at fair value (amortized cost: 2006—$158,828; 2005—$148,706) .................................. $162,816 $154,434
Held to maturity, at amortized cost (fair value: 2006—$3,441; 2005—$3,228) ....................................... 3,469 3,249
Trading account assets supporting insurance liabilities, at fair value .................................................... 14,262 13,781
Other trading account assets, at fair value ........................................................................ 2,209 1,443
Equity securities, available for sale, at fair value (cost: 2006—$6,824; 2005—$6,176) ..................................... 8,103 7,072
Commercial loans ........................................................................................... 25,739 24,441
Policy loans ................................................................................................ 8,887 8,370
Securities purchased under agreements to resell .................................................................... 153 413
Other long-term investments ................................................................................... 4,745 4,239
Short-term investments ....................................................................................... 5,034 3,959
Total investments ................................................................................... 235,417 221,401
Cash and cash equivalents .................................................................................... 8,589 7,799
Accrued investment income ................................................................................... 2,142 2,067
Reinsurance recoverables ..................................................................................... 1,958 3,548
Deferred policy acquisition costs ............................................................................... 10,863 9,438
Other assets ................................................................................................ 17,834 15,962
Separate account assets ....................................................................................... 177,463 153,159
TOTAL ASSETS .................................................................................. $454,266 $413,374
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Future policy benefits ........................................................................................ $106,951 $101,872
Policyholders’ account balances ................................................................................ 80,652 75,659
Policyholders’ dividends ...................................................................................... 3,982 4,413
Reinsurance payables ........................................................................................ 1,458 3,069
Securities sold under agreements to repurchase .................................................................... 11,481 12,517
Cash collateral for loaned securities ............................................................................. 7,365 5,818
Income taxes ............................................................................................... 3,108 2,214
Securities sold but not yet purchased ............................................................................ 277 223
Short-term debt ............................................................................................. 12,536 11,114
Long-term debt ............................................................................................. 11,423 8,270
Other liabilities ............................................................................................. 14,678 12,283
Separate account liabilities .................................................................................... 177,463 153,159
Total liabilities ..................................................................................... 431,374 390,611
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 21)
STOCKHOLDERS’ EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) ............................................. — —
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 604,900,423 and 604,899,046 shares issued at December 31,
2006 and 2005, respectively) ................................................................................ 6 6
Class B Stock ($.01 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding at December 31, 2006 and
2005, respectively) ........................................................................................ — —
Additional paid-in capital ..................................................................................... 20,666 20,501
Common Stock held in treasury, at cost (133,795,373 and 107,405,004 shares at December 31, 2006 and 2005, respectively) ...... (7,143) (4,925)
Accumulated other comprehensive income ....................................................................... 519 1,234
Retained earnings ........................................................................................... 8,844 5,947
Total stockholders’ equity ............................................................................. 22,892 22,763
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .............................................. $454,266 $413,374
See Notes to Consolidated Financial Statements
PRUDENTIAL FINANCIAL, INC. 2006 ANNUAL REPORT
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