v3.8.0.1
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2017 – $312,385; 2016 – $292,581) [1] $ 346,780 $ 321,419
Fixed maturities, held-to-maturity, at amortized cost (fair value: 2017 – $2,430; 2016 – $2,524) [1] 2,049 2,144
Trading account assets supporting insurance liabilities, at fair value [1] 22,097 21,840
Other trading account assets, at fair value [1] 5,752 5,764
Equity securities, available-for-sale, at fair value (cost: 2017 – $4,147; 2016 – $7,149) 6,174 9,748
Commercial mortgage and other loans (includes $593 and $519 measured at fair value under the fair value option as of December 31, 2017 and 2016, respectively) [1] 56,045 52,779
Policy loans 11,891 11,755
Other long-term investments (includes $1,945 and $1,556 measured at fair value under the fair value option as of December 31, 2017 and 2016, respectively) [1] 12,308 11,283
Short-term investments 6,775 7,508
Total investments 469,871 444,240
Cash and cash equivalents [1] 14,490 14,127
Accrued investment income [1] 3,325 3,204
Deferred policy acquisition costs 18,992 17,661
Value of business acquired 1,591 2,314
Other assets [1] 17,035 14,780
Separate account assets 306,617 287,636
TOTAL ASSETS 831,921 783,962
LIABILITIES    
Future policy benefits 257,317 240,908
Policyholders’ account balances 148,189 145,205
Policyholders’ dividends 6,411 5,711
Securities sold under agreements to repurchase 8,400 7,606
Cash collateral for loaned securities 4,354 4,333
Income taxes 9,600 10,412
Short-term debt 1,380 1,133
Long-term debt 17,172 18,041
Other liabilities [1] 16,619 14,739
Notes issued by consolidated variable interest entities (includes $1,196 and $1,839 measured at fair value under the fair value option as of December 31, 2017 and 2016, respectively) [1] 1,518 2,150
Separate account liabilities 306,617 287,636
Total liabilities 777,577 737,874
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY    
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) 0 0
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 660,111,339 shares issued as of both December 31, 2017 and 2016) 6 6
Additional paid-in capital 24,769 24,606
Common Stock held in treasury, at cost (237,559,118 and 230,537,166 shares as of December 31, 2017 and 2016, respectively) (16,284) (15,316)
Accumulated other comprehensive income (loss) 17,074 14,621
Retained earnings 28,504 21,946
Total Prudential Financial, Inc. equity 54,069 45,863
Noncontrolling interests 275 225
Total equity 54,344 46,088
TOTAL LIABILITIES AND EQUITY $ 831,921 $ 783,962
[1] See Note 5 for details of balances associated with variable interest entities.