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Schedule I - Summary of Investments Other Than investments in Related Parties Schedule I - Summary of Investments Other Than Investments In Related Parties
12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]  
Schedule I - Summary of Investments Other Than Investments In Related Parties
PRUDENTIAL FINANCIAL, INC.
Schedule I
Summary of Investments Other Than Investments in Related Parties
As of December 31, 2023
(in millions)
 
Type of Investment
Amortized Cost or Cost
Fair
Value
Amount
Shown in the
Balance Sheet
Fixed maturities, available-for-sale:
Bonds:
U.S. Treasury securities and obligations of U.S. government authorities and agencies$24,874 $21,796 $21,796 
Obligations of U.S. states and their political subdivisions8,650 8,458 8,458 
Foreign governments71,556 70,190 70,190 
Asset-backed securities12,514 12,595 12,595 
Residential mortgage-backed securities2,438 2,265 2,265 
Commercial mortgage-backed securities10,571 9,892 9,892 
Public utilities32,600 30,327 30,327 
All other corporate bonds171,017 160,383 160,383 
Redeemable preferred stock378 415 415 
Total fixed maturities, available-for-sale$334,598 $316,321 $316,321 
Equity securities:
Common stocks:
Other common stocks $4,407 $6,142 $6,142 
Mutual funds 1,172 1,859 1,859 
Nonredeemable preferred stocks50 72 72 
Perpetual preferred stocks 157 169 169 
Total equity securities, at fair value$5,786 $8,242 $8,242 
Fixed maturities, trading$10,624 $9,790 $9,790 
Assets supporting experience-rated contractholder liabilities(1)
2,496 3,168 
Commercial mortgage and other loans(2)59,305 59,305 
Policy loans10,047 10,047 
Short-term investments5,005 5,005 
Other invested assets 22,855 22,855 
Total investments$450,716 $434,733 
__________
(1)See Note 3 to the Consolidated Financial Statements for the composition of the Company’s “Assets supporting experience-rated contractholder liabilities, at fair value.”
(2)Includes collateralized commercial mortgage and other loans of $58,881 million and uncollateralized loans of $424 million.