Prudential 2007 Annual Report Download - page 194

FORWARD-LOOKING STATEMENTS
Some of the statements included in this Annual Report, including but not limited to those in Management’s Discussion
and Analysis of Financial Condition and Results of Operations, may constitute forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,”
“includes,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are
generally part of forward-looking statements. Forward-looking statements are made based on management’s current
expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its
subsidiaries. There can be no assurance that future developments affecting Prudential Financial, Inc. and its subsidiaries will
be those anticipated by management. These forward-looking statements are not a guarantee of future performance and
involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly
materially, from expectations or estimates reflected in such forward-looking statements, including, among others: (1) general
economic, market and political conditions, including the performance and fluctuations of fixed income, equity, real estate
and other financial markets; (2) interest rate fluctuations; (3) reestimates of our reserves for future policy benefits and claims;
(4) differences between actual experience regarding mortality, morbidity, persistency, surrender experience, interest rates or
market returns and the assumptions we use in pricing our products, establishing liabilities and reserves or for other purposes;
(5) changes in our assumptions related to deferred policy acquisition costs, valuation of business acquired or goodwill;
(6) changes in our claims-paying or credit ratings; (7) investment losses and defaults; (8) competition in our product lines
and for personnel; (9) changes in tax law; (10) economic, political, currency and other risks relating to our international
operations; (11) fluctuations in foreign currency exchange rates and foreign securities markets; (12) regulatory or legislative
changes; (13) adverse determinations in litigation or regulatory matters and our exposure to contingent liabilities, including
in connection with our divestiture or winding down of businesses; (14) domestic or international military actions, natural or
man-made disasters including terrorist activities or pandemic disease, or other events resulting in catastrophic loss of life;
(15) ineffectiveness of risk management policies and procedures in identifying, monitoring and managing risks; (16) effects
of acquisitions, divestitures and restructurings, including possible difficulties in integrating and realizing the projected results
of acquisitions; (17) changes in statutory or U.S. GAAP accounting principles, practices or policies; (18) changes in
assumptions for retirement expense; (19) Prudential Financial, Inc.’s primary reliance, as a holding company, on dividends or
distributions from its subsidiaries to meet debt payment obligations and continue share repurchases, and the applicable
regulatory restrictions on the ability of the subsidiaries to pay such dividends or distributions; and (20) risks due to the lack
of legal separation between our Financial Services Businesses and our Closed Block Business. Prudential Financial, Inc. does
not intend, and is under no obligation, to update any particular forward-looking statement included in this document. See
“Risk Factors” included in Prudential Financial’s 2007 Annual Report on Form 10-K for discussion of certain risks relating
to our businesses and investment in our securities.
SEC AND NYSE CERTIFICATIONS
The certifications by the Chief Executive Officer and the Chief Financial Officer of Prudential Financial, Inc. required
under Section 302 of the Sarbanes-Oxley Act of 2002 have been filed as exhibits to Prudential Financial’s 2007 Annual
Report on Form 10-K. In addition, the Chief Executive Officer of Prudential Financial made an unqualified certification to
the New York Stock Exchange (NYSE) regarding Prudential Financial’s compliance with the NYSE corporate governance
listing standards in May 2007.
192 Prudential Financial 2007 Annual Report