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Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2021-$131; 2020-$133) (amortized cost: 2021-$341,122; 2020-$354,470) [1] $ 378,596 $ 412,905
Fixed maturities, held-to-maturity, at amortized cost (net of allowance for credit losses: 2021-$7; 2020-$9) (fair value: 2021-$2,125; 2020-$2,298) [1] 1,801 1,930
Fixed maturities, trading, at fair value (amortized cost: 2021-$6,602; 2020-$3,670) [1] 6,202 3,914
Assets supporting experience-rated contractholder liabilities, at fair value [1] 24,027 24,115
Equity securities, at fair value (cost: 2021-$5,973; 2020-$5,968) [1] 8,492 8,135
Commercial mortgage and other loans (net of $224 and $235 allowance for credit losses; includes $500 and $1,092 of loans measured at fair value under the fair value option at March 31, 2021 and December 31, 2020, respectively) [1] 64,554 65,425
Policy loans 10,990 11,271
Other invested assets (net of $2 and $2 allowance for credit losses; includes $6,604 and $6,407 of assets measured at fair value at March 31, 2021 and December 31, 2020, respectively) [1] 18,863 18,125
Short-term investments (net of allowance for credit losses: 2021-$2; 2020-$1) 5,304 7,800
Total investments 518,829 553,620
Cash and cash equivalents [1] 16,099 13,701
Accrued investment income [1] 3,063 3,193
Deferred policy acquisition costs 19,273 19,027
Value of business acquired 1,006 1,103
Other assets (net of allowance for credit losses: 2021-$13; 2020-$11) [1] 22,567 22,801
Separate account assets 326,443 327,277
TOTAL ASSETS 907,280 940,722
LIABILITIES    
Future policy benefits 290,536 306,343
Policyholders’ account balances 160,227 161,682
Policyholders’ dividends 7,168 9,524
Securities sold under agreements to repurchase 9,384 10,894
Cash collateral for loaned securities 4,673 3,499
Income taxes 9,336 12,022
Short-term debt 867 925
Long-term debt 19,730 19,718
Other liabilities (net of allowance for credit losses: 2021-$20; 2020-$20 ) [1] 19,855 20,323
Separate account liabilities 326,443 327,277
Total liabilities 848,504 872,512
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY    
Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued) 0 0
Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of both March 31, 2021 and December 31, 2020) 6 6
Additional paid-in capital 25,579 25,584
Common Stock held in treasury, at cost (272,030,289 and 269,867,738 shares at March 31, 2021 and December 31, 2020, respectively) (19,878) (19,652)
Accumulated other comprehensive income (loss) 19,219 30,738
Retained earnings 33,110 30,749
Total Prudential Financial, Inc. equity 58,036 67,425
Noncontrolling interests 740 785
Total equity 58,776 68,210
TOTAL LIABILITIES AND EQUITY 907,280 940,722
Consolidated VIEs for Which the Company is the Investment Manager    
ASSETS    
TOTAL ASSETS 4,449 4,292
LIABILITIES    
Total liabilities 801 561
Notes Issued by Consolidated VIEs | Consolidated VIEs for Which the Company is the Investment Manager    
LIABILITIES    
Total liabilities [1] $ 285 $ 305
[1] See Note 4 for details of balances associated with variable interest entities.