The Prudential Series Fund
The Prudential Series Fund
The Prudential Series Fund
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Pruco Life Insurance Company<br />
Consolidated Statements of Financial Position<br />
As of December 31, 2008 and 2007 (in thousands, except share amounts)<br />
2008 2007<br />
ASSETS<br />
Fixed maturities available for sale,<br />
at fair value (amortized cost, 2008 - $4,865,526; 2007 - $4,470,186) $ 4,544,162 $ 4,509,969<br />
Equity securities available for sale,<br />
at fair value (amortized cost, 2008 - $28,015; 2007: $28,037) 16,872 30,107<br />
Trading account assets 9,967 1,164<br />
Policy loans 1,001,518 961,054<br />
Short term investments 76,195 119,606<br />
Commercial loans 881,638 745,223<br />
Other long term investments 86,833 53,288<br />
Total investments 6,617,185 6,420,411<br />
Cash and cash equivalents 595,045 92,964<br />
Deferred policy acquisition costs 2,602,085 2,174,315<br />
Accrued investment income 79,161 73,968<br />
Reinsurance recoverables 3,043,662 1,599,910<br />
Receivables from parent and affiliates 190,576 155,990<br />
Deferred sales inducements 269,310 215,057<br />
Other assets 24,005 15,932<br />
Separate account assets 17,574,530 24,609,488<br />
TOTAL ASSETS $ 30,995,559 $ 35,358,035<br />
LIABILITIES AND STOCKHOLDER’S EQUITY<br />
LIABILITIES<br />
Policyholders’ account balances $ 6,322,008 $ 5,076,654<br />
Future policy benefits and other policyholder liabilities 3,518,081 2,175,326<br />
Cash collateral for loaned securities 109,342 142,680<br />
Securities sold under agreement to repurchase 44,371 272,803<br />
Income taxes payable 477,591 484,107<br />
Short term debt to affiliates 100 55,863<br />
Payables to parent and affiliates 75,653 60,207<br />
Other liabilities 146,142 207,491<br />
Separate account liabilities 17,574,530 24,609,488<br />
Total liabilities $ 28,267,818 $ 33,084,619<br />
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 12)<br />
STOCKHOLDER’S EQUITY<br />
Common stock, ($10 par value;<br />
1,000,000 shares, authorized;<br />
250,000 shares, issued and outstanding) 2,500 2,500<br />
Additional paid-in capital 815,664 455,664<br />
Retained earnings 2,046,712 1,797,387<br />
Accumulated other comprehensive income (137,135) 17,865<br />
Total stockholder’s equity 2,727,741 2,273,416<br />
TOTAL LIABILITIES AND<br />
STOCKHOLDER’S EQUITY $ 30,995,559 $ 35,358,035<br />
See Notes to Consolidated Financial Statements<br />
B-1
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