SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION
Published on
Exhibit 99.6
PRUDENTIAL FINANCIAL, INC.
Supplementary Insurance Information
As of and for the Year Ended December 31, 2007 (in millions)
| Segment |
Deferred Policy Acquisition Costs |
Future Policy Benefits, Losses, Claims, Expenses |
Unearned Premium |
Other Policy Claims and Benefits Payable |
Premiums, Policy Charges and Fee Income |
Net Investment Income |
Benefits, Claims, Losses and Settlement Expenses |
Amortization of DAC(1) |
Other Operating Expenses | |||||||||||||||||||||||
| Individual Life |
$ | 3,855 | $ | 2,647 | $ | — | $ | 6,588 | $ | 1,573 | $ | 656 | $ | 1,122 | $ | 164 | $ | 694 | ||||||||||||||
| Individual Annuities |
1,976 | 1,166 | — | 7,910 | 1,354 | 580 | 569 | 278 | 926 | |||||||||||||||||||||||
| Group Insurance |
321 | 4,754 | 163 | 6,090 | 4,045 | 671 | 3,865 | 9 | 641 | |||||||||||||||||||||||
| Insurance Division |
6,152 | 8,567 | 163 | 20,588 | 6,972 | 1,907 | 5,556 | 451 | 2,261 | |||||||||||||||||||||||
| Asset Management |
— | — | — | — | — | 226 | — | 20 | 1,607 | |||||||||||||||||||||||
| Financial Advisory |
— | — | — | — | — | 3 | — | — | 76 | |||||||||||||||||||||||
| Retirement |
233 | 14,250 | 48 | 43,371 | 501 | 3,676 | 3,306 | 17 | 990 | |||||||||||||||||||||||
| Investment Division |
233 | 14,250 | 48 | 43,371 | 501 | 3,905 | 3,306 | 37 | 2,673 | |||||||||||||||||||||||
| International Insurance |
5,187 | 36,592 | 181 | 18,170 | 6,490 | 1,608 | 5,211 | 479 | 937 | |||||||||||||||||||||||
| International Investments |
— | — | — | — | — | 36 | — | — | 513 | |||||||||||||||||||||||
| International Insurance and Investments Division |
5,187 | 36,592 | 181 | 18,170 | 6,490 | 1,644 | 5,211 | 479 | 1,450 | |||||||||||||||||||||||
| Corporate and Other |
(176 | ) | 455 | 3 | (2,860 | ) | (33 | ) | 772 | (90 | ) | (47 | ) | 737 | ||||||||||||||||||
| Total Financial Services Businesses |
11,396 | 59,864 | 395 | 79,269 | 13,930 | 8,228 | 13,983 | 920 | 7,121 | |||||||||||||||||||||||
| Closed Block Business |
943 | 51,209 | — | 8,546 | 3,552 | 3,789 | 6,891 | 76 | 724 | |||||||||||||||||||||||
| $ | 12,339 | $ | 111,073 | $ | 395 | $ | 87,815 | $ | 17,482 | $ | 12,017 | $ | 20,874 | $ | 996 | $ | 7,845 | |||||||||||||||
| (1) | As discussed in Note 2 to the Consolidated Financial Statements, the Company amortizes deferred policy acquisitions costs (“DAC”) related to traditional participating life insurance in proportion to gross margins based on historical and anticipated future experience, and for interest-sensitive and variable life products and fixed and variable annuity products in proportion to gross profits based upon historical and future experience. Amortization of DAC for the year ended December 31, 2007 includes a decrease of $135 million within the Individual Life segment related to updates of assumptions used in estimating future gross profits. |
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PRUDENTIAL FINANCIAL, INC.
Schedule III
Supplementary Insurance Information
As of and for the Year Ended December 31, 2006 (in millions)
| Segment |
Deferred Policy Acquisition Costs |
Future Policy Benefits, Losses, Claims, Expenses |
Unearned Premium |
Other Policy Claims and Benefits Payable |
Premiums, Policy Charges and Fee Income |
Net Investment Income |
Benefits, Claims, Losses and Settlement Expenses |
Amortization of DAC(1) |
Other Operating Expenses | |||||||||||||||||||||||
| Individual Life |
$ | 3,550 | $ | 2,293 | $ | — | $ | 6,171 | $ | 1,349 | $ | 548 | $ | 1,066 | $ | 2 | $ | 604 | ||||||||||||||
| Individual Annuities |
1,613 | 949 | — | 8,767 | 1,065 | 618 | 583 | 183 | 722 | |||||||||||||||||||||||
| Group Insurance |
284 | 4,504 | 159 | 5,755 | 3,863 | 621 | 3,703 | 2 | 623 | |||||||||||||||||||||||
| Insurance Division |
5,447 | 7,746 | 159 | 20,693 | 6,277 | 1,787 | 5,352 | 187 | 1,949 | |||||||||||||||||||||||
| Asset Management |
— | — | — | — | — | 182 | — | 27 | 1,430 | |||||||||||||||||||||||
| Financial Advisory |
— | — | — | — | — | 20 | — | — | 287 | |||||||||||||||||||||||
| Retirement |
176 | 14,493 | 24 | 40,616 | 474 | 3,425 | 2,921 | 18 | 887 | |||||||||||||||||||||||
| Investment Division |
176 | 14,493 | 24 | 40,616 | 474 | 3,627 | 2,921 | 45 | 2,604 | |||||||||||||||||||||||
| International Insurance |
4,397 | 33,277 | 56 | 16,193 | 6,237 | 1,394 | 4,965 | 467 | 920 | |||||||||||||||||||||||
| International Investments |
— | — | — | — | — | 31 | — | — | 447 | |||||||||||||||||||||||
| International Insurance and Investments Division |
4,397 | 33,277 | 56 | 16,193 | 6,237 | 1,425 | 4,965 | 467 | 1,367 | |||||||||||||||||||||||
| Corporate and Other |
(166 | ) | 484 | 6 | (1,886 | ) | (26 | ) | 801 | (40 | ) | (43 | ) | 691 | ||||||||||||||||||
| Total Financial Services Businesses |
9,854 | 56,000 | 245 | 75,616 | 12,962 | 7,640 | 13,198 | 656 | 6,611 | |||||||||||||||||||||||
| Closed Block Business |
1,009 | 50,706 | — | 9,018 | 3,599 | 3,680 | 6,624 | 90 | 695 | |||||||||||||||||||||||
| Total |
$ | 10,863 | $ | 106,706 | $ | 245 | $ | 84,634 | $ | 16,561 | $ | 11,320 | $ | 19,822 | $ | 746 | $ | 7,306 | ||||||||||||||
| (1) | As discussed in Note 2 to the Consolidated Financial Statements, the Company amortizes deferred policy acquisitions costs (“DAC”) related to traditional participating life insurance in proportion to gross margins based on historical and anticipated future experience, and for interest-sensitive and variable life products and fixed and variable annuity products in proportion to gross profits based upon historical and future experience. Amortization of DAC for the year ended December 31, 2006 includes a decrease of $289 million within the Individual Life segment related to updates of assumptions used in estimating future gross profits. |
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PRUDENTIAL FINANCIAL, INC.
Schedule III
Supplementary Insurance Information
As of and for the Year Ended December 31, 2005 (in millions)
| Segment |
Deferred Policy Acquisition Costs |
Future Policy Benefits, Losses, Claims, Expenses |
Unearned Premium |
Other Policy Claims and Benefits Payable |
Premiums, Policy Charges and Fee Income |
Net Investment Income |
Benefits, Claims, Losses and Settlement Expenses |
Amortization of DAC(1) |
Other Operating Expenses | ||||||||||||||||||||||
| Individual Life |
$ | 3,187 | $ | 1,920 | $ | — | $ | 5,700 | $ | 1,486 | $ | 496 | $ | 808 | $ | 369 | $ | 587 | |||||||||||||
| Individual Annuities |
1,256 | 898 | — | 8,496 | 769 | 615 | 503 | 173 | 531 | ||||||||||||||||||||||
| Group Insurance |
170 | 4,101 | 209 | 5,184 | 3,561 | 591 | 3,417 | 3 | 558 | ||||||||||||||||||||||
| Insurance Division |
4,613 | 6,919 | 209 | 19,380 | 5,816 | 1,702 | 4,728 | 545 | 1,676 | ||||||||||||||||||||||
| Asset Management |
— | — | — | — | — | 105 | — | 33 | 1,199 | ||||||||||||||||||||||
| Financial Advisory |
— | — | — | — | — | 6 | — | — | 454 | ||||||||||||||||||||||
| Retirement |
119 | 13,339 | — | 37,901 | 508 | 3,040 | 2,549 | 24 | 824 | ||||||||||||||||||||||
| Investment Division |
119 | 13,339 | — | 37,901 | 508 | 3,151 | 2,549 | 57 | 2,477 | ||||||||||||||||||||||
| International Insurance |
3,761 | 30,580 | 53 | 14,567 | 6,363 | 1,299 | 5,347 | 391 | 899 | ||||||||||||||||||||||
| International Investments |
— | — | — | — | — | 25 | — | — | 381 | ||||||||||||||||||||||
| International Insurance and Investments Division |
3,761 | 30,580 | 53 | 14,567 | 6,363 | 1,324 | 5,347 | 391 | 1,280 | ||||||||||||||||||||||
| Corporate and Other |
(136 | ) | 631 | 28 | (1,061 | ) | (30 | ) | 697 | 25 | (79 | ) | 533 | ||||||||||||||||||
| Total Financial Services Businesses |
8,357 | 51,469 | 290 | 70,787 | 12,657 | 6,874 | 12,649 | 914 | 5,966 | ||||||||||||||||||||||
| Closed Block Business |
1,081 | 50,113 | — | 9,285 | 3,619 | 3,721 | 6,783 | 99 | 662 | ||||||||||||||||||||||
| Total |
$ | 9,438 | $ | 101,582 | $ | 290 | $ | 80,072 | $ | 16,276 | $ | 10,595 | $ | 19,432 | $ | 1,013 | $ | 6,628 | |||||||||||||
| (1) | As discussed in Note 2 to the Consolidated Financial Statements, the Company amortizes deferred policy acquisitions costs (“DAC”) related to traditional participating life insurance in proportion to gross margins based on historical and anticipated future experience, and for interest-sensitive and variable life products and fixed and variable annuity products in proportion to gross profits based upon historical and future experience. Amortization of DAC for the year ended December 31, 2005 includes an increase of $89 million within the Individual Life segment related to updates of assumptions used in estimating future gross profits. |
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