Prudential 2007 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2007 Prudential annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
4. INVESTMENTS
Fixed Maturities and Equity Securities
The following tables provide information relating to fixed maturities and equity securities (excluding investments classified as trading)
at December 31:
2007
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(in millions)
Fixed maturities, available for sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies .... $ 5,829 $ 671 $ 2 $ 6,498
Obligations of U.S. states and their political subdivisions ............................ 864 57 1 920
Foreign government bonds .................................................... 27,214 946 94 28,066
Corporate securities ......................................................... 81,494 2,728 1,406 82,816
Asset-backed securities ...................................................... 21,554 133 1,228 20,459
Commercial mortgage-backed securities ......................................... 10,847 148 46 10,949
Residential mortgage-backed securities .......................................... 12,335 168 49 12,454
Total fixed maturities, available for sale ......................................... $160,137 $4,851 $2,826 $162,162
Equity securities, available for sale ............................................ $ 7,895 $1,088 $ 403 $ 8,580
2007
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(in millions)
Fixed maturities, held to maturity
Foreign government bonds .................................................... $ 888 $ 10 $ 6 $ 892
Corporate securities ......................................................... 789 11 16 784
Asset-backed securities ...................................................... 649 11 2 658
Commercial mortgage-backed securities ......................................... 9 — — 9
Residential mortgage-backed securities .......................................... 1,213 4 17 1,200
Total fixed maturities, held to maturity .......................................... $ 3,548 $ 36 $ 41 $ 3,543
2006
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(in millions)
Fixed maturities, available for sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies .... $ 6,493 $ 514 $ 51 $ 6,956
Obligations of U.S. states and their political subdivisions ............................ 813 52 2 863
Foreign government bonds .................................................... 25,254 777 66 25,965
Corporate securities ......................................................... 80,556 3,256 680 83,132
Asset-backed securities ...................................................... 25,066 176 56 25,186
Commercial mortgage-backed securities ......................................... 9,790 91 50 9,831
Residential mortgage-backed securities .......................................... 10,856 88 61 10,883
Total fixed maturities, available for sale ......................................... $158,828 $4,954 $ 966 $162,816
Equity securities, available for sale ............................................ $ 6,824 $1,402 $ 123 $ 8,103
2006
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(in millions)
Fixed maturities, held to maturity
Foreign government bonds .................................................... $ 836 $ 13 $ 5 $ 844
Corporate securities ......................................................... 774 5 10 769
Asset-backed securities ...................................................... 422 2 6 418
Commercial mortgage-backed securities ......................................... 19 — — 19
Residential mortgage-backed securities .......................................... 1,418 4 31 1,391
Total fixed maturities, held to maturity .......................................... $ 3,469 $ 24 $ 52 $ 3,441
118 Prudential Financial 2007 Annual Report