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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2019 – $346,574; 2018 – $331,745) [1] $ 391,096 $ 353,656
Fixed maturities, held-to-maturity, at amortized cost (fair value: 2019 – $2,302; 2018 – $2,372) [1] 1,933 2,013
Fixed maturities, trading, at fair value (amortized cost: 2019 – $3,917; 2018 – $3,392) [1] 3,884 3,243
Assets supporting experience-rated contractholder liabilities, at fair value [1] 21,597 21,254
Equity securities, at fair value (cost: 2019 – $5,560; 2018 – $5,219) [1] 7,522 6,238
Commercial mortgage and other loans (includes $228 and $763 measured at fair value under the fair value option as of December 31, 2019 and 2018, respectively) [1] 63,559 59,830
Policy Loans Receivable 12,096 12,016
Other invested assets (includes $5,646 and $5,524 measured at fair value as of December 31, 2019 and 2018, respectively) [1] 15,606 14,526
Short-term investments 5,467 6,469
Total investments 522,760 479,245
Cash and cash equivalents [1] 16,327 15,353
Accrued investment income [1] 3,330 3,318
Deferred policy acquisition costs 19,912 20,058
Value of business acquired 1,110 1,850
Other assets [1] 20,832 16,118
Separate account assets 312,281 279,136
TOTAL ASSETS 896,552 815,078
LIABILITIES    
Future policy benefits 293,527 273,846
Policyholders’ account balances 152,110 150,338
Policyholders’ dividends 6,988 4,110
Securities sold under agreements to repurchase 9,681 9,950
Cash collateral for loaned securities 4,213 3,929
Income taxes 11,378 7,936
Short-term debt 1,933 2,451
Long-term debt 18,646 17,378
Other liabilities [1] 20,802 16,018
Notes issued by consolidated variable interest entities (includes $800 and $595 measured at fair value under the fair value option as of December 31, 2019 and 2018, respectively) [1] 1,274 955
Separate account liabilities 312,281 279,136
Total liabilities 832,833 766,047
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY    
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) 0 0
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 666,305,189 and 660,111,339 shares issued as of December 31, 2019 and 2018, respectively) 6 6
Additional paid-in capital 25,532 24,828
Common Stock held in treasury, at cost (267,472,781 and 249,398,887 shares as of December 31, 2019 and 2018, respectively) (19,453) (17,593)
Accumulated other comprehensive income (loss) 24,039 10,906
Retained earnings 32,991 30,470
Total Prudential Financial, Inc. equity 63,115 48,617
Noncontrolling interests 604 414
Total equity 63,719 49,031
TOTAL LIABILITIES AND EQUITY $ 896,552 $ 815,078
[1]
See Note 4 for details of balances associated with variable interest entities.