Prudential 2007 Annual Report Download - page 101

PRUDENTIAL FINANCIAL, INC.
Consolidated Statements of Financial Position
December 31, 2007 and 2006 (in millions, except share amounts)
2007 2006
ASSETS
Fixed maturities:
Available for sale, at fair value (amortized cost: 2007—$160,137; 2006—$158,828) .................................. $162,162 $162,816
Held to maturity, at amortized cost (fair value: 2007—$3,543; 2006—$3,441) ....................................... 3,548 3,469
Trading account assets supporting insurance liabilities, at fair value .................................................... 14,473 14,262
Other trading account assets, at fair value ........................................................................ 3,163 2,209
Equity securities, available for sale, at fair value (cost: 2007—$7,895; 2006—$6,824) ..................................... 8,580 8,103
Commercial loans ........................................................................................... 30,047 25,739
Policy loans ................................................................................................ 9,337 8,887
Securities purchased under agreements to resell .................................................................... 129 153
Other long-term investments ................................................................................... 6,431 4,745
Short-term investments ....................................................................................... 5,237 5,034
Total investments ................................................................................... 243,107 235,417
Cash and cash equivalents .................................................................................... 11,060 8,589
Accrued investment income ................................................................................... 2,174 2,142
Reinsurance recoverables ..................................................................................... 2,119 1,958
Deferred policy acquisition costs ............................................................................... 12,339 10,863
Other assets ................................................................................................ 19,432 17,834
Separate account assets ....................................................................................... 195,583 177,463
TOTAL ASSETS ................................................................................... $485,814 $454,266
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Future policy benefits ........................................................................................ $111,468 $106,951
Policyholders’ account balances ................................................................................ 84,154 80,652
Policyholders’ dividends ...................................................................................... 3,661 3,982
Reinsurance payables ........................................................................................ 1,552 1,458
Securities sold under agreements to repurchase .................................................................... 11,441 11,481
Cash collateral for loaned securities ............................................................................. 6,312 7,365
Income taxes ............................................................................................... 3,553 3,108
Short-term debt ............................................................................................. 15,657 12,536
Long-term debt ............................................................................................. 14,101 11,423
Other liabilities ............................................................................................. 14,875 14,955
Separate account liabilities .................................................................................... 195,583 177,463
Total liabilities ..................................................................................... 462,357 431,374
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 21)
STOCKHOLDERS’ EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) ............................................. — —
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 604,901,479 and 604,900,423 shares issued at December 31,
2007 and 2006, respectively) ................................................................................ 6 6
Class B Stock ($.01 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding at December 31, 2007 and
2006, respectively) ........................................................................................ — —
Additional paid-in capital ..................................................................................... 20,856 20,666
Common Stock held in treasury, at cost (157,534,628 and 133,795,373 shares at December 31, 2007 and 2006, respectively) ...... (9,693) (7,143)
Accumulated other comprehensive income ....................................................................... 447 519
Retained earnings ........................................................................................... 11,841 8,844
Total stockholders’ equity ............................................................................. 23,457 22,892
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .............................................. $485,814 $454,266
See Notes to Consolidated Financial Statements
Prudential Financial 2007 Annual Report 99