This document is the quarterly financial supplement of Prudential Financial, Inc for the third quarter of 2001. It provides key financial highlights and operational highlights for the quarter. It then provides more detailed financial statements and sales results for Prudential's major business divisions, including the US Consumer Division, Employee Benefits Division, International Division, and Asset Management Division. The supplement provides investors with detailed performance updates on Prudential's key lines of business.
This document is the Comprehensive Annual Financial Report for the City of Raleigh, North Carolina for the fiscal year ended June 30, 2008. It was prepared by the City's Finance Department and includes introductory information, financial statements, notes to the financial statements, required supplementary information, and combining statements for individual funds. The report provides a comprehensive overview of the City's financial position and activities for the 2008 fiscal year.
This document is AES Corp's quarterly report filed with the SEC for the quarter ending September 30, 2000. It includes financial statements such as the consolidated statement of operations and balance sheet, as well as management's discussion of financial results. The report also provides details on legal proceedings, changes in securities, defaults on debt, and other required disclosures.
This document contains the unaudited condensed consolidated financial statements of Wipro Limited and subsidiaries as of March 31, 2008 and 2009. It includes an unaudited condensed consolidated balance sheet showing assets of Rs. 224,502 million as of March 31, 2008 and Rs. 290,548 million as of March 31, 2009. It also includes an unaudited condensed consolidated statement of income for the three months ended March 31, 2008 and 2009 and for the year ended March 31, 2008 and 2009.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes sections on financial highlights, results by business segment, investments, and other financial data. Some key details include:
- Total stockholders' equity was $13.3 billion as of December 31, 2006. Book value per common share was $30.09.
- Return on equity was 11.1% for 2006 on a GAAP basis and 11.0% on an operating basis.
- Net income and various performance metrics are provided by segment, including Retirement and Protection, International, and U.S. Mortgage Insurance.
- Additional data on investments, deferred acquisition costs, and non-GA
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the second quarter of 2007. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial reconciliations. The supplement aims to provide transparency into financial trends through new disclosures on metrics like U.S. mortgage insurance growth, losses, and portfolio quality as well as regional sales data for payment protection insurance.
This document is a Form 10-Q quarterly report filed by CIT Group Inc. with the SEC for the quarter ended September 30, 2004. It includes:
1) Consolidated financial statements including balance sheets, income statements, statements of stockholders' equity and cash flows.
2) Management's discussion and analysis of the company's financial condition and results of operations.
3) Disclosures about the company's market risk exposures.
4) Certifications by the company's principal executive and financial officers regarding the accuracy of the financial statements.
The document is Foundation Health Systems' quarterly report filed with the SEC for the quarter ended March 31, 2000. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter, revenues were $2.2 billion, income before taxes was $55 million, and net income was $34 million. Cash flows used in operating activities was $42 million and cash and cash equivalents as of the end of the quarter totaled $967 million. The notes provide additional details on restructuring costs from the prior year period and basis of presentation for the condensed financial statements.
This document is a financial supplement from Genworth Financial for the second quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $12.21 billion as of June 30, 2006.
- Book value per common share of $26.84 as of June 30, 2006.
- Return on equity of 10.8% for the twelve months ended June 30, 2006 on a GAAP basis and 11.1% on an operating basis.
- Weighted average shares used in basic EPS calculations was 455.8 million for the second quarter of 2006.
This document is the Comprehensive Annual Financial Report for the City of Raleigh, North Carolina for the fiscal year ended June 30, 2008. It was prepared by the City's Finance Department and includes introductory information, financial statements, notes to the financial statements, required supplementary information, and combining statements for individual funds. The report provides a comprehensive overview of the City's financial position and activities for the 2008 fiscal year.
This document is AES Corp's quarterly report filed with the SEC for the quarter ending September 30, 2000. It includes financial statements such as the consolidated statement of operations and balance sheet, as well as management's discussion of financial results. The report also provides details on legal proceedings, changes in securities, defaults on debt, and other required disclosures.
This document contains the unaudited condensed consolidated financial statements of Wipro Limited and subsidiaries as of March 31, 2008 and 2009. It includes an unaudited condensed consolidated balance sheet showing assets of Rs. 224,502 million as of March 31, 2008 and Rs. 290,548 million as of March 31, 2009. It also includes an unaudited condensed consolidated statement of income for the three months ended March 31, 2008 and 2009 and for the year ended March 31, 2008 and 2009.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes sections on financial highlights, results by business segment, investments, and other financial data. Some key details include:
- Total stockholders' equity was $13.3 billion as of December 31, 2006. Book value per common share was $30.09.
- Return on equity was 11.1% for 2006 on a GAAP basis and 11.0% on an operating basis.
- Net income and various performance metrics are provided by segment, including Retirement and Protection, International, and U.S. Mortgage Insurance.
- Additional data on investments, deferred acquisition costs, and non-GA
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the second quarter of 2007. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial reconciliations. The supplement aims to provide transparency into financial trends through new disclosures on metrics like U.S. mortgage insurance growth, losses, and portfolio quality as well as regional sales data for payment protection insurance.
This document is a Form 10-Q quarterly report filed by CIT Group Inc. with the SEC for the quarter ended September 30, 2004. It includes:
1) Consolidated financial statements including balance sheets, income statements, statements of stockholders' equity and cash flows.
2) Management's discussion and analysis of the company's financial condition and results of operations.
3) Disclosures about the company's market risk exposures.
4) Certifications by the company's principal executive and financial officers regarding the accuracy of the financial statements.
The document is Foundation Health Systems' quarterly report filed with the SEC for the quarter ended March 31, 2000. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter, revenues were $2.2 billion, income before taxes was $55 million, and net income was $34 million. Cash flows used in operating activities was $42 million and cash and cash equivalents as of the end of the quarter totaled $967 million. The notes provide additional details on restructuring costs from the prior year period and basis of presentation for the condensed financial statements.
This document is a financial supplement from Genworth Financial for the second quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $12.21 billion as of June 30, 2006.
- Book value per common share of $26.84 as of June 30, 2006.
- Return on equity of 10.8% for the twelve months ended June 30, 2006 on a GAAP basis and 11.1% on an operating basis.
- Weighted average shares used in basic EPS calculations was 455.8 million for the second quarter of 2006.
City of Chillicothe Comprehensive Annual Financial Report for 2011tomspetnagel
This document is the Comprehensive Annual Financial Report for the City of Chillicothe, Ohio for the year ended December 31, 2011. It was prepared by City Auditor Thomas M. Spetnagel Jr. and contains the city's audited financial statements and notes. The report includes information on the city's finances, demographics, economic outlook, and operations. It is intended to provide citizens with information on the city's financial position and activities for 2011.
This document is the 2003 annual report financials for an unnamed company. It includes selected financial data from 1999-2003, including metrics like net revenue, income/loss from continuing operations, and income/loss per share. It also lists consolidated statement of operations data and consolidated balance sheet data for the same years. The financial data shows declining net revenue and losses from continuing operations in recent years. Notes provide additional context for restructuring charges and other factors impacting the yearly results.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $13.3 billion as of December 31, 2006.
- Book value per common share of $30.09 as of the end of the fourth quarter.
- Return on equity (ROE) of 11% for full year 2006 on a GAAP basis.
The supplement also provides detailed segment financial results, investment portfolio information, and other selected financial data for Genworth.
This document is CIT Group's Form 10-Q quarterly report filed with the SEC for the quarter ending March 31, 2003. It includes an unaudited consolidated balance sheet, income statement, and statements of cash flows and stockholders' equity. For the quarter, CIT reported net income of $127 million compared to a net loss of $4.6 billion in the prior year period, primarily due to a goodwill impairment charge in 2002. Revenue was $939.2 million in finance income and $235.5 million in other revenue. Expenses included $103 million in credit losses, $233.6 million in operating expenses, and $82.9 million in taxes.
The document is a notice from Prudential Financial for its 2005 Annual Meeting of Shareholders. It invites shareholders to the meeting on June 7, 2005 at 2:00 pm at Prudential's headquarters in Newark, NJ. Shareholders will vote on the election of three Class I directors, ratification of PricewaterhouseCoopers as the independent auditor, a proposal to amend the company's certificate of incorporation to declassify the board of directors, and a proposal to approve Prudential Financial's employee stock purchase plan. Shareholders must have owned stock as of April 11, 2005 to be eligible to vote.
This document is Berkshire Hathaway's interim shareholders report for the first quarter of 2005. It includes consolidated balance sheets as of March 31, 2005 and December 31, 2004, consolidated statements of earnings for the first quarter of 2005 and 2004, condensed consolidated statements of cash flows for the first quarter of 2005 and 2004, and notes to the interim consolidated financial statements. The notes provide additional information on Berkshire Hathaway's investments in MidAmerican Energy Holdings Company and investments in fixed maturity securities.
This document is Berkshire Hathaway's interim shareholders report for the first quarter of 2004. It includes consolidated balance sheets as of March 31, 2004 and December 31, 2003, consolidated statements of earnings for the first quarter of 2004 and 2003, condensed consolidated statements of cash flows for the first quarter of 2004 and 2003, and notes to the interim consolidated financial statements. The notes provide additional information on Berkshire Hathaway's significant business acquisitions during the periods as well as its investments in MidAmerican Energy Holdings Company.
This financial supplement provides quarterly financial information for Genworth Financial, Inc. for the third quarter of 2006.
Some key details include:
- Net income for the third quarter was $284 million, while net operating income was $301 million.
- Total stockholders' equity was $13.3 billion at the end of the third quarter, with a book value per common share of $29.44.
- Return on equity on a GAAP basis was 10.6% for the twelve months ending September 30, 2006, while operating return on equity was 10.9%.
- Basic and diluted weighted average shares outstanding for the third quarter were 453.8 million and 467
This document provides an overview of e-government initiatives in Bosnia and Herzegovina, Italy, and Estonia. It describes the organizational structure, legislation, and key programs and services related to e-government in each country. Bosnia and Herzegovina's Agency for Identification Documents, Registers and Data Exchange (IDDEEA) is outlined. Details are given on Italy's Ministry for Public Administration and Innovation and Estonia's transformtion into an e-government leader through initiatives like its X-Road data exchange system and widespread digital ID card adoption. Future trends and European cooperation are also discussed.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
The document contains configuration steps for setting up various parameters in an Oracle Treasury Management system, including:
1. Configuring audit events, groups, authorized currencies, bank signing authorities, bond issues, brokerage categories/rates, currency details, holidays, and limits.
2. Setting up counterparty and company profiles, deals types/limits, GL accounts, journals, lookups, market data, payments, portfolios, rates, reconciliation, settlements, taxes and users.
3. It provides the menu paths for accessing and configuring each of these treasury parameters and reference data in the system.
1) The document provides details about the 53rd Annual General Meeting of Indian Oil Corporation Limited including the agenda items, notes for members, and brief resumes of directors retiring and eligible for reappointment.
2) Twelve resolutions are proposed, including adoption of accounts, declaration of dividend, appointment of directors, and appointment of auditors.
3) Brief resumes are provided for six directors retiring by rotation - Shri Anees Noorani, Dr. (Smt.) Indu Shahani, Shri Sudhir Bhargava, Dr. Ravinder Kumar Malhotra, Shri Makrand Nene, and Shri Vasudev Sitaram Okhde - detailing their qualifications and experience.
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes:
1) Unaudited consolidated financial statements including balance sheets, income statements, and cash flow statements for the periods ended June 30, 2008 and 2007.
2) Notes to the unaudited consolidated financial statements providing additional information about amounts in the financial statements.
3) Certifications by management regarding internal controls and procedures.
The financial statements provide key financial information about Reliance Steel & Aluminum Co.'s performance and financial position for the periods presented.
This document is Berkshire Hathaway's interim shareholders report for the third quarter of 2004. It includes consolidated balance sheets, statements of earnings, and condensed statements of cash flows for the periods ended September 30, 2004 and 2003. The report provides key financial information on Berkshire's insurance, utilities, manufacturing, and services businesses. It summarizes revenues, costs, earnings, cash flows, and financial positions for the periods. The management discussion and analysis section provides additional context regarding Berkshire's financial condition and operating results.
This document provides configuration steps for Treasury and Risk Management in SAP. It includes settings for business partners, number ranges, market data, transaction management and accounting. Some of the key configuration items covered are defining BP roles, number ranges, reference interest rates, yield curve types, product types, transaction types, flow types, update types and account determination. The document provides detailed instructions on how to configure these master data and setup options in SAP for treasury management.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes sections on financial highlights, results by business segment, investments, and other financial data. Some key details include:
- Total stockholders' equity was $13.3 billion as of December 31, 2006. Book value per common share was $30.09.
- Return on equity was 11.1% for 2006 on a GAAP basis and 11.0% on an operating basis.
- Net income and various performance metrics are provided by segment, including Retirement and Protection, International, and U.S. Mortgage Insurance.
- Additional data on investments, deferred acquisition costs, and non-GA
This document is a financial supplement from Genworth Financial for the second quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $12.21 billion as of June 30, 2006.
- Book value per common share of $26.84 as of June 30, 2006.
- Return on equity of 10.8% for the twelve months ended June 30, 2006 on a GAAP basis and 11.1% on an operating basis.
- Weighted average shares used in basic EPS calculations was 455.8 million for the second quarter of 2006.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $13.3 billion as of December 31, 2006.
- Book value per common share of $30.09 as of the end of the fourth quarter.
- Return on equity (ROE) of 11% for full year 2006 on a GAAP basis.
The supplement also provides detailed segment financial results, investment portfolio information, and other selected financial data for Genworth.
This document is a financial supplement from Genworth Financial for the second quarter of 2007. It includes sections on net income, balance sheets, investments and sales by business segment. Some highlights include:
- Net income for various periods including the second quarter of 2007 and comparisons to prior years.
- Balance sheet information as of June 30, 2007 with comparisons to prior quarters. Total stockholders' equity excluding other comprehensive income was $12.4 billion as of Q2 2007.
- Sales and revenue information by business segment including Retirement and Protection, International, and U.S. Mortgage Insurance for the second quarter and comparisons to prior quarters.
The document is a confidentiality agreement for an undisclosed business plan. It states that the business plan information is confidential and should not be disclosed without permission. Anyone reading the plan acknowledges that the information is confidential in nature and agrees not to disclose or use it in a way that could harm the business. Upon request, the reader must return the business plan document. The agreement requires the reader's signature, name, and date.
- Ice Dreams will sell shave ice, soft drinks, and licuados (frothy Latin drinks) from a walk-up counter-top location.
- Shave ice is a cold, flaky dessert made from finely shaved ice topped with fruit syrups that is growing in popularity.
- The business aims to capitalize on the increasing demand for shave ice by providing a high-quality product with tropical fruit flavors in a convenient location.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the fourth quarter of 2007. It includes sections on net income, net operating income by business segment, consolidated balance sheets, investments information, and reconciliations of non-GAAP measures to GAAP measures. The supplement provides detailed financial results and key metrics for Genworth's business segments to allow for analysis of performance on a quarterly basis.
City of Chillicothe Comprehensive Annual Financial Report for 2011tomspetnagel
This document is the Comprehensive Annual Financial Report for the City of Chillicothe, Ohio for the year ended December 31, 2011. It was prepared by City Auditor Thomas M. Spetnagel Jr. and contains the city's audited financial statements and notes. The report includes information on the city's finances, demographics, economic outlook, and operations. It is intended to provide citizens with information on the city's financial position and activities for 2011.
This document is the 2003 annual report financials for an unnamed company. It includes selected financial data from 1999-2003, including metrics like net revenue, income/loss from continuing operations, and income/loss per share. It also lists consolidated statement of operations data and consolidated balance sheet data for the same years. The financial data shows declining net revenue and losses from continuing operations in recent years. Notes provide additional context for restructuring charges and other factors impacting the yearly results.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $13.3 billion as of December 31, 2006.
- Book value per common share of $30.09 as of the end of the fourth quarter.
- Return on equity (ROE) of 11% for full year 2006 on a GAAP basis.
The supplement also provides detailed segment financial results, investment portfolio information, and other selected financial data for Genworth.
This document is CIT Group's Form 10-Q quarterly report filed with the SEC for the quarter ending March 31, 2003. It includes an unaudited consolidated balance sheet, income statement, and statements of cash flows and stockholders' equity. For the quarter, CIT reported net income of $127 million compared to a net loss of $4.6 billion in the prior year period, primarily due to a goodwill impairment charge in 2002. Revenue was $939.2 million in finance income and $235.5 million in other revenue. Expenses included $103 million in credit losses, $233.6 million in operating expenses, and $82.9 million in taxes.
The document is a notice from Prudential Financial for its 2005 Annual Meeting of Shareholders. It invites shareholders to the meeting on June 7, 2005 at 2:00 pm at Prudential's headquarters in Newark, NJ. Shareholders will vote on the election of three Class I directors, ratification of PricewaterhouseCoopers as the independent auditor, a proposal to amend the company's certificate of incorporation to declassify the board of directors, and a proposal to approve Prudential Financial's employee stock purchase plan. Shareholders must have owned stock as of April 11, 2005 to be eligible to vote.
This document is Berkshire Hathaway's interim shareholders report for the first quarter of 2005. It includes consolidated balance sheets as of March 31, 2005 and December 31, 2004, consolidated statements of earnings for the first quarter of 2005 and 2004, condensed consolidated statements of cash flows for the first quarter of 2005 and 2004, and notes to the interim consolidated financial statements. The notes provide additional information on Berkshire Hathaway's investments in MidAmerican Energy Holdings Company and investments in fixed maturity securities.
This document is Berkshire Hathaway's interim shareholders report for the first quarter of 2004. It includes consolidated balance sheets as of March 31, 2004 and December 31, 2003, consolidated statements of earnings for the first quarter of 2004 and 2003, condensed consolidated statements of cash flows for the first quarter of 2004 and 2003, and notes to the interim consolidated financial statements. The notes provide additional information on Berkshire Hathaway's significant business acquisitions during the periods as well as its investments in MidAmerican Energy Holdings Company.
This financial supplement provides quarterly financial information for Genworth Financial, Inc. for the third quarter of 2006.
Some key details include:
- Net income for the third quarter was $284 million, while net operating income was $301 million.
- Total stockholders' equity was $13.3 billion at the end of the third quarter, with a book value per common share of $29.44.
- Return on equity on a GAAP basis was 10.6% for the twelve months ending September 30, 2006, while operating return on equity was 10.9%.
- Basic and diluted weighted average shares outstanding for the third quarter were 453.8 million and 467
This document provides an overview of e-government initiatives in Bosnia and Herzegovina, Italy, and Estonia. It describes the organizational structure, legislation, and key programs and services related to e-government in each country. Bosnia and Herzegovina's Agency for Identification Documents, Registers and Data Exchange (IDDEEA) is outlined. Details are given on Italy's Ministry for Public Administration and Innovation and Estonia's transformtion into an e-government leader through initiatives like its X-Road data exchange system and widespread digital ID card adoption. Future trends and European cooperation are also discussed.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
The document contains configuration steps for setting up various parameters in an Oracle Treasury Management system, including:
1. Configuring audit events, groups, authorized currencies, bank signing authorities, bond issues, brokerage categories/rates, currency details, holidays, and limits.
2. Setting up counterparty and company profiles, deals types/limits, GL accounts, journals, lookups, market data, payments, portfolios, rates, reconciliation, settlements, taxes and users.
3. It provides the menu paths for accessing and configuring each of these treasury parameters and reference data in the system.
1) The document provides details about the 53rd Annual General Meeting of Indian Oil Corporation Limited including the agenda items, notes for members, and brief resumes of directors retiring and eligible for reappointment.
2) Twelve resolutions are proposed, including adoption of accounts, declaration of dividend, appointment of directors, and appointment of auditors.
3) Brief resumes are provided for six directors retiring by rotation - Shri Anees Noorani, Dr. (Smt.) Indu Shahani, Shri Sudhir Bhargava, Dr. Ravinder Kumar Malhotra, Shri Makrand Nene, and Shri Vasudev Sitaram Okhde - detailing their qualifications and experience.
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes:
1) Unaudited consolidated financial statements including balance sheets, income statements, and cash flow statements for the periods ended June 30, 2008 and 2007.
2) Notes to the unaudited consolidated financial statements providing additional information about amounts in the financial statements.
3) Certifications by management regarding internal controls and procedures.
The financial statements provide key financial information about Reliance Steel & Aluminum Co.'s performance and financial position for the periods presented.
This document is Berkshire Hathaway's interim shareholders report for the third quarter of 2004. It includes consolidated balance sheets, statements of earnings, and condensed statements of cash flows for the periods ended September 30, 2004 and 2003. The report provides key financial information on Berkshire's insurance, utilities, manufacturing, and services businesses. It summarizes revenues, costs, earnings, cash flows, and financial positions for the periods. The management discussion and analysis section provides additional context regarding Berkshire's financial condition and operating results.
This document provides configuration steps for Treasury and Risk Management in SAP. It includes settings for business partners, number ranges, market data, transaction management and accounting. Some of the key configuration items covered are defining BP roles, number ranges, reference interest rates, yield curve types, product types, transaction types, flow types, update types and account determination. The document provides detailed instructions on how to configure these master data and setup options in SAP for treasury management.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes sections on financial highlights, results by business segment, investments, and other financial data. Some key details include:
- Total stockholders' equity was $13.3 billion as of December 31, 2006. Book value per common share was $30.09.
- Return on equity was 11.1% for 2006 on a GAAP basis and 11.0% on an operating basis.
- Net income and various performance metrics are provided by segment, including Retirement and Protection, International, and U.S. Mortgage Insurance.
- Additional data on investments, deferred acquisition costs, and non-GA
This document is a financial supplement from Genworth Financial for the second quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $12.21 billion as of June 30, 2006.
- Book value per common share of $26.84 as of June 30, 2006.
- Return on equity of 10.8% for the twelve months ended June 30, 2006 on a GAAP basis and 11.1% on an operating basis.
- Weighted average shares used in basic EPS calculations was 455.8 million for the second quarter of 2006.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $13.3 billion as of December 31, 2006.
- Book value per common share of $30.09 as of the end of the fourth quarter.
- Return on equity (ROE) of 11% for full year 2006 on a GAAP basis.
The supplement also provides detailed segment financial results, investment portfolio information, and other selected financial data for Genworth.
This document is a financial supplement from Genworth Financial for the second quarter of 2007. It includes sections on net income, balance sheets, investments and sales by business segment. Some highlights include:
- Net income for various periods including the second quarter of 2007 and comparisons to prior years.
- Balance sheet information as of June 30, 2007 with comparisons to prior quarters. Total stockholders' equity excluding other comprehensive income was $12.4 billion as of Q2 2007.
- Sales and revenue information by business segment including Retirement and Protection, International, and U.S. Mortgage Insurance for the second quarter and comparisons to prior quarters.
The document is a confidentiality agreement for an undisclosed business plan. It states that the business plan information is confidential and should not be disclosed without permission. Anyone reading the plan acknowledges that the information is confidential in nature and agrees not to disclose or use it in a way that could harm the business. Upon request, the reader must return the business plan document. The agreement requires the reader's signature, name, and date.
- Ice Dreams will sell shave ice, soft drinks, and licuados (frothy Latin drinks) from a walk-up counter-top location.
- Shave ice is a cold, flaky dessert made from finely shaved ice topped with fruit syrups that is growing in popularity.
- The business aims to capitalize on the increasing demand for shave ice by providing a high-quality product with tropical fruit flavors in a convenient location.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the fourth quarter of 2007. It includes sections on net income, net operating income by business segment, consolidated balance sheets, investments information, and reconciliations of non-GAAP measures to GAAP measures. The supplement provides detailed financial results and key metrics for Genworth's business segments to allow for analysis of performance on a quarterly basis.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the fourth quarter of 2007. It includes sections on net income, net operating income by business segment, consolidated and segment balance sheets, investment portfolio details, and reconciliations of non-GAAP measures. The supplement provides detailed performance metrics for Genworth's business segments to allow for analysis of results.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the fourth quarter of 2007. It includes sections on net income, net operating income by business segment, consolidated and segment balance sheets, investment portfolio details, and reconciliations of non-GAAP measures. The supplement provides detailed performance metrics for Genworth's business segments to allow for analysis of results.
20 Challenges on Outsourcing and OffshoringVishal Sharma
The document is a business briefing from the Institute of Chartered Accountants in Australia and Ernst & Young that discusses 20 key issues related to outsourcing and offshoring. It aims to help businesses determine whether outsourcing or offshoring is suitable for their needs. The briefing covers strategic assessments, feasibility considerations, sourcing decisions, setting up outsourcing or offshoring arrangements, and managing the transition process. Some of the main points discussed include aligning outsourcing with business strategy, quantifying potential benefits, selecting appropriate locations and outsourcing partners, and the importance of clear communication throughout the transition.
Stroll Net will provide public internet terminals throughout Tech City for affordable internet access away from home or office. The business will be owned equally by Cam Piotr and Bob Green, with investors owning the remaining shares. Stroll Net aims to introduce an innovative product to meet the growing demand for internet access. Risks include whether there is sufficient demand and if people will pay for the service. The terminals will offer internet, email, advertising and prepaid services. Stroll Net expects to attract students and traveling business people in particular.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for 3Q 2008. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial measures reconciliations. New metrics were added this quarter to provide more transparency into financial trends for the International and U.S. Mortgage Insurance segments.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for 3Q 2008. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial measures reconciliations. New metrics were added this quarter to provide more transparency into financial trends for the International and U.S. Mortgage Insurance segments.
1) The document is Archer Daniels Midland Company's 2006 Annual Report.
2) It discusses the retirement of G. Allen Andreas as CEO and Chairman of the Board after over 30 years of service, during which he led global expansion and improvements in governance.
3) Under his leadership, ADM transitioned from a focus on U.S. processing to a more global business model, establishing leadership positions in important international markets.
This document is a business plan for The Discount Pharmacy, which aims to provide lower-cost prescription medications through mail order and a storefront location. The plan outlines objectives to exceed customer expectations on pricing, increase the customer base by over 30% annually, and become self-sustaining. It also summarizes the company ownership, start-up costs, products/services, target market, strategies, management team, and 3-year financial projections, with an expected profit of over $1 million in sales by year three. Confidentiality of the full plan is protected by non-disclosure agreement.
This document is a business plan for The Discount Pharmacy, which aims to provide lower-cost prescription medications through mail order and a storefront location. The plan outlines objectives to exceed customer expectations on pricing, increase the customer base by over 30% annually, and become self-sustaining. It also summarizes the company ownership, start-up costs, products/services, target market, strategies, management team, and 3-year financial projections, with an expected profit of over $1 million in sales by year three. Confidentiality of the full plan is protected for the business.
The document describes Sempra Energy's Direct Stock Purchase Plan, which allows existing and new investors to purchase shares of Sempra Energy's common stock. The plan offers a convenient way to purchase shares and reinvest dividends. It allows participants to make optional cash investments towards purchasing shares. The plan also offers safekeeping of existing stock certificates and ability to sell shares.
This business plan is for a start-up pizza delivery business called Take-Out Pizza, Inc. seeking $29,500 in investment and a $30,000 business loan to cover $101,500 in start-up costs. The plan projects that over 5 years the business will generate over $600,000 in cumulative net profits from average monthly sales of $72,000 while maintaining adequate liquidity. It includes sections on the company overview, products/services, market analysis, strategy, management, and financial projections. Confidentiality of the business plan contents is noted for any external readers.
This document is an accounting policies and procedures manual for the Ghana School Feeding Programme (GSFP) from 2009. It outlines the general structure and policies of the GSFP
This business plan proposes starting a take-out pizza business with $101,500 in funding to cover start-up costs. The plan projects that over 5 years the business could generate cumulative net profits over $600,000 and average monthly sales of $72,000, while maintaining adequate liquidity. The funding sought includes a $29,500 investment and $30,000 business loan to cover start-up expenses. The plan outlines the business model, products/services, target market, strategy, management, and financial projections, with the goal of securing additional funding to launch the take-out pizza business.
The document summarizes Alcoa's 1st quarter 2008 financial results and outlook. Key highlights include income from continuing operations of $303 million, revenues of $7.4 billion, and segment ATOI increasing 42% excluding packaging. Business conditions included lower aluminum prices, unfavorable currency and energy costs, and continued pressure in automotive. The outlook anticipates production increases and improved efficiencies. Alcoa reviews growth opportunities in aerospace, transportation, and infrastructure and discusses strategic priorities around profitable growth, competitive advantages, and disciplined execution.
- Alcoa reported income from continuing operations of $546 million or $0.66 per share for Q2 2008, an 80% increase over Q1 2008. Revenues increased 3% to $7.6 billion.
- Input costs continued to climb across the industry, with increases in caustic soda, calcined coke, fuel oil, and other materials. However, Alcoa saw double digit profit increases across all operating segments sequentially.
- Cash from operations exceeded $1 billion. The company repurchased $175 million in shares, reaching 10% of shares outstanding under the repurchase program. Global aluminum demand is expected to increase 7.9% in 2008 despite weakness in the US market.
- Alcoa reported net income of $268 million for 3Q 2008, which included $29 million for restructuring. Revenues were $7.2 billion, up from $6.5 billion in 3Q 2007 excluding divested businesses.
- The aluminum industry is facing significant increases in input costs such as caustic soda, calcined coke, ocean freight, and fuel oil. These rising costs have squeezed margins across the industry.
- Compared to 3Q 2007, Alcoa's income from continuing operations excluding special items fell from $340 million to $298 million due to higher costs that were only partially offset by productivity gains and price increases.
The document provides an overview of Alcoa's 4th quarter 2008 financial results and outlook for 1st quarter 2009. Key points include:
- 4Q 2008 loss from continuing operations of $929 million or $1.16 per share due to restructuring and impairment charges of $708 million.
- Revenue declined 18% sequentially to $5.7 billion on lower metal prices and market deterioration.
- Cash from operations was $608 million and cash on hand was $762 million.
- 1Q 2009 outlook includes further price declines and production cuts due to weak market conditions across key end markets.
The document summarizes Alcoa's annual shareholders meeting on May 8, 2008. It lists nominees for the board of directors to serve until 2011 and current directors. It also provides an executive council listing and forward-looking statements. Financial highlights from 2007 include record income and cash from operations. Q1 2008 results showed income from continuing operations of $303M excluding restructuring impacts. It outlines Alcoa's share repurchase program and total shareholder return, which outperformed indexes in 2007 and 2008 to date.
Alcoa endorses The Business Roundtable Principles of Corporate finance8
The document outlines principles of corporate governance established by The Business Roundtable. It discusses the roles and responsibilities of boards of directors, CEOs, management, stockholders, and other parties. The board's primary duties are selecting the CEO and overseeing management. Management runs day-to-day operations and informs the board of business status. Effective governance requires understanding these roles and their relationships with stockholders and other constituencies.
The Alcoa 1996 Annual Report provides the following information:
1) Alcoa's earnings in 1996 totaled $514.9 million with revenues of $13.1 billion and a return on equity of 11.6%. Before special charges, earnings were $637 million for a return on equity of 14.4%.
2) Over the past decade, Alcoa has made safety its top priority and has successfully reduced injury rates at its facilities around the world, demonstrating that continuous improvement is possible.
3) Alcoa has expanded its global operations over the past year through acquisitions and new contracts, and it aims to leverage its resources and technologies worldwide to remain the leader in the aluminum industry.
The document provides cable customer metrics and financial data for 2007 and 2008. It shows that the company gained over 4,000 revenue generating units (RGUs) in 2008 but lost 575 total video customers. Digital video customers and homes passed increased while average monthly revenue per video customer rose to $110.48. Total revenue increased over $2.5 billion from 2007 to 2008 while operating cash flow increased over $1 billion. Capital expenditures focused on growth areas like customer premise equipment and scalable infrastructure to support additional customers and services.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
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The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
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1. Prudential Financial, Inc. (PRU)
Quarterly Financial Supplement
FINANCIAL SERVICES BUSINESSES - THIRD QUARTER 2001
Reference is made to Prudential Financial, Inc.'s filings with the Securities and Exchange
Commission for general information, and consolidated financial information, regarding
Prudential Financial, Inc., including its Closed Block Business.
i
2. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
CONTENTS
Page
HIGHLIGHTS
Financial Highlights...................................................................................………………………………………………
……………………………………………………………….. 1
Operations Highlights...................................................................................…………………………………………..
……………………………………………………………….. 2
FINANCIAL SERVICES BUSINESSES
Combined Statements of Operations.......................................................……………………………………………. ……………………………………………………………….. 3
Combined Balance Sheets........................................................................…………………………………………
……………………………………………………………….. 4
Combining Statements of Operations by Division (Quarter Ended September 30, 2001 and 2000)................................………………………………………….
……………………………………………………………….. 5
Combining Statements of Operations by Division (Nine Months Ended September 30, 2001 and 2000)................................………………………………………….
……………………………………………………………….. 6
Combining Balance Sheets by Division……………………………………………………………………………………… ……………………………………………………………….. 7
U.S. CONSUMER DIVISION
Combined Statements of Operations......................................................……………………………………… ……………………………………………………………….. 8
Combining Statements of Operations (Quarter)………………............................................………………………………………….. ……………………………………………………………….. 9
Combining Statements of Operations (Year-to-Date)………….................................………………………………………. ……………………………………………………………….. 10
Life Insurance Sales and Mutual Funds, Wrap-fee Products and Annuity Assets Under Management..........………………………. ……………………………………………………………….. 11
Life Insurance, Mutual Funds, Wrap-fee Products and Annuity Sales by Distribution Channel.....................................................................…………………………………12
………………………………………………………………..
Account Value Activity............................................................................................………………………….
……………………………………………………………….. 13
Deferred Policy Acquisition Costs...............................................................…………………………………… ……………………………………………………………….. 14
Supplementary Information for Individual Life Insurance and Private Client Group....................................................…………………………..
……………………………………………………………….. 15
Supplementary Information for Property and Casualty Insurance.................................……………………………………… ……………………………………………………………….. 16
EMPLOYEE BENEFITS DIVISION
Combined Statements of Operations.......................................................……………………………………………. ……………………………………………………………….. 17
Combining Statements of Operations (Quarter and Year-to-Date) ……..............................................…………………………………………….
……………………………………………………………….. 18
Sales Results and Assets Under Management.........................................................…………………………………….. ……………………………………………………………….. 19
Supplementary Information .............................................................................………………………………………….
……………………………………………………………….. 20
INTERNATIONAL DIVISION
Combined Statements of Operations.............................................................………………………………………. ……………………………………………………………….. 21
Combining Statements of Operations (Quarter and Year-to-Date) …….............................................……………………………………………
……………………………………………………………….. 22
Sales Results and Supplementary Information ...................................................………………………………….. ……………………………………………………………….. 23-24
ASSET MANAGEMENT DIVISION
Combined Statements of Operations.........................................................…………………………………………………. ……………………………………………………………….. 25
Combining Statements of Operations (Quarter and Year-to-Date) ……..............................................…………………………………………….
……………………………………………………………….. 26
Assets Under Management - Investment Management and Advisory Services Segment..............................………………………………………..
……………………………………………………………….. 27
INVESTMENT PORTFOLIO
Investment Portfolio Composition..................................................................…………………………………………………………………………………………………………….. 28
Investment Results....................................................................................……………………………………….
……………………………………………………………….. 29
KEY DEFINITIONS AND FORMULAS.......................................................…………………………………………………………….
……………………………………………………………….. 30-31
RATINGS AND INVESTOR INFORMATION......................................................………………………………………………..
……………………………………………………………….. 32
ii
3. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
FINANCIAL HIGHLIGHTS
(in millions, except per share data)
Year-to-date % 2000 2001
2001 2000 Change 3Q 4Q 1Q 2Q 3Q
Financial Services Businesses:
Pre-tax adjusted operating income by division:
323 802 -60% U. S. Consumer Division................................................................................................................... 166 (62) 194 82 47
159 311 -49% Employee Benefits Division.........................................................................………………………….. 130 76 104 52 3
398 262 52% International Division.........................................................................……………………………………. 76 60 98 120 180
155 236 -34% Asset Management Division.............................................................................................………… 66 40 78 32 45
55 77 -29% Corporate and other operations............................................................................................... (25) (81) (1) 75 (19)
1,090 1,688 -35% Total pre-tax adjusted operating income.....................................................................……….. 413 33 473 361 256
431 613 -30% Income taxes (1)………………………………...........................................…………………………………………….. 145 (8) 177 101 153
659 1,075 -39% After-tax adjusted operating income ………………………………….................................................................... 268 41 296 260 103
Items excluded from adjusted operating income:
(4) (209) -98% Realized investment gains (losses), net of related charges......................................……………………….. (221) (199) 243 75 (322)
- - - Sales practices remedies and costs…………………………………………………………………………………… - - - - -
(122) (69) 77% Divested businesses ……………..........................................................………………………………………… (8) (567) (22) (60) (40)
(199) (113) 76% Demutualization costs and expenses........................................................………………………………. (36) (30) (45) (117) (37)
(325) (391) -17% Total items excluded from adjusted operating income, before income taxes…………………….. (265) (796) 176 (102) (399)
(371) 42 -983% Income taxes...…………….....................................……………………………………………………… (40) (347) 69 (92) (348)
46 (433) -111% Total items excluded from adjusted operating income, after income taxes...............................................................……………………………
(225) (449) 107 (10) (51)
705 642 10% Income from continuing operations (after tax)……………………………………..………………………….. 43 (408) 403 250 52
- - - Income (loss) from discontinued operations, net of related taxes……………………………………………………………….. - 77 - - -
705 642 10% Net income…………………………...................................................................................................................………………… (331)
43 403 250 52
Financial Services Businesses Capitalization Data :
Short-term debt………………………………………………………………………………………………………………………..
13,331 10,893 11,922 9,440 9,720
Long -term debt………………………………………………………………………………………………………………………
1,810 1,476 2,058 3,047 2,983
Attributed Equity:
Total Attributed Equity……………….…………………..…………………………………………… 14,031 13,741 14,661 14,787 14,683
Excluding unrealized gains and losses on investments……………...……………………..……………………………………………
13,147 13,704 13,822 13,433
Excluding accumulated other comprehensive income……………….…………………..…………………………………………… 13,244 13,908 13,960 13,581
Total Capitalization:
Excluding accumulated other comprehensive income…………..…………………..……………………………………………………….
14,720 15,966 17,007 16,564
Including accumulated other comprehensive income…………...…………………..……………………………………………………
15,841 15,217 16,719 17,834 17,666
(1) Income taxes applicable to pre-tax adjusted operating income, which excludes the equity tax for periods prior to demutualization.
Page 1
4. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
OPERATIONS HIGHLIGHTS
Year-to-date 2000 2001
2001 2000 3Q 4Q 1Q 2Q 3Q
Assets Under Management and Administration ($ billions) (1) (2):
Assets Under Management:
Managed by Asset Management Division:
Retail customers (3)……………………………………………………………………… 111.7 107.4 97.2 99.8 92.8
Institutional customers………………………………………………………………….. 97.8 95.1 89.5 90.7 84.9
General account…………………………………………………………………………. 108.7 110.0 111.0 109.3 110.1
Total proprietary (3)……………………………………………………………………….. 318.2 312.5 297.7 299.8 287.8
Non-proprietary wrap-fee and other domestic assets under management................................………….. 53.0 50.5 49.8 51.3 45.0
International (4).......................................................................................………………… 7.2 8.1 8.9 42.4 40.5
Total assets under management............................................................................. 378.4 371.1 356.4 393.5 373.3
Client assets (5).............................................................................………………………… 243.2 221.8 203.5 212.3 190.9
Total assets under management and administration..............................................… 621.6 592.9 559.9 605.8 564.2
Distribution Representatives (1):
Prudential Agents…………………………………………………………………………………….7,433 6,086 5,382 5,049 4,928
Financial Advisors (domestic and international)……………………………………………………………….
6,610 6,676 6,628 6,497 6,366
International Life Planners……………………………………………………………………… 3,368 3,495 3,434 3,690 3,999
Gibraltar Life Advisors............……………………………………………………………………. - - - 7,230 6,596
Distribution Representative Productivity :
29 30 Prudential Agent productivity ($ thousands)……………………………………………………… 27 32 25 30 28
338 412 Financial Advisor productivity (domestic; $ thousands)……………………………………………………..
373 367 364 338 316
Third Party Distribution ($ millions):
221 72 Individual Life Insurance sales (6)…………………………………………………………………. 29 56 55 43 123
2,513 1,038 Retail Investments gross sales (7)………………………………………………………………… 286 426 494 1,525 494
(1) As of end of period.
(2) At fair market value.
(3) Includes International retail customer assets.
(4) Includes $30.9B of Gibraltar Life assets at September 30, 2001.
(5) Includes International customer client assets.
(6) Statutory first year premiums and deposits for Individual Life Insurance segment products by third-party channel.
(7) Gross sales of mutual funds, wrap-fee products, and annuities by third party channel.
Page 2
5. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
COMBINED STATEMENTS OF OPERATIONS - FINANCIAL SERVICES BUSINESSES
(in millions)
Year-to-date % 2000 2001
2001 2000 Change 3Q 4Q 1Q 2Q 3Q
Revenues (1):
6,013 4,328 39% Premiums......................................................................................................……………….. 1,445 1,538 1,611 2,100 2,302
1,298 1,192 9% Policy charges and fee income………………...........................................................……………. 398 447 392 450 456
3,937 3,908 1% Net investment income………………………………………………………………………………………….
1,312 1,316 1,297 1,352 1,288
3,264 3,999 -18% Commissions, investment management fees, and other income................................……….. 1,230 1,197 1,108 1,164 992
14,512 13,427 8% Total revenues..................................................................................…………………………….. 4,385 4,498 4,408 5,066 5,038
Benefits and Expenses (1):
6,042 4,432 36% Insurance and annuity benefits............................................................................…………………… 1,447 1,653 1,606 2,120 2,316
1,236 1,225 1% Interest credited to policyholder account balances..................................................…………. 414 393 382 421 433
277 330 -16% Interest expense....................................................................................………………………………. 132 118 108 100 69
(981) (887) 11% Deferral of acquisition costs........................................................................……………………… (306) (305) (313) (343) (325)
709 593 20% Amortization of acquisition costs................................................................………………………. 206 241 242 212 255
2,463 2,565 -4% Securities operations non-interest expenses.............................................................……… 824 889 817 875 771
3,676 3,481 6% General and administrative expenses......................................................................…………………. 1,255 1,476 1,093 1,320 1,263
13,422 11,739 14% Total benefits and expenses....................................................................……………………… 3,972 4,465 3,935 4,705 4,782
1,090 1,688 -35% Adjusted operating income before income taxes...............................................................……. 413 33 473 361 256
Items excluded from adjusted operating income before income taxes:
3 (216) -101% Realized investment gains, net of losses………………………………...…………………………….. (219) (163) 247 82 (326)
(7) 7 -200% Related charges……………………………………………………………………………………………….. (2) (36) (4) (7) 4
(4) (209) -98% Total realized investment gains (losses), net of related charges……………………………………………
(221) (199) 243 75 (322)
- - - Sales practices remedies and costs…………………………………………………………………………- - - - -
(122) (69) 77% Divested businesses…………………………………………………………………………….. (8) (567) (22) (60) (40)
(199) (113) 76% Demutualization costs and expenses…………………………………………………………………… (36) (30) (45) (117) (37)
(325) (391) -17% Total items excluded from adjusted operating income before income taxes……………………… (265) (796) 176 (102) (399)
765 1,297 -41% Income from continuing operations before income taxes……………………………………………………148 (763) 649 259 (143)
60 655 -91% Income tax expense……………………………………………………………………………………………….
105 (355) 246 9 (195)
705 642 10% Income from continuing operations, after-tax……………………………………….…………………………….
43 (408) 403 250 52
(1) Revenues exclude realized investment gains, net of losses, and revenues of divested businesses. Benefits and expenses exclude charges related to realized investment gains net of losses, benefits and expenses of divested
businesses, sales practices remedies and costs, and demutualization costs and expenses.
Page 3
6. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
COMBINED BALANCE SHEETS - FINANCIAL SERVICES BUSINESSES
(in millions)
12/31/2000 03/31/2001 06/30/2001 09/30/2001
Assets:
Investments:
Fixed maturity securities available for sale, at fair value
(amortized cost $45,597; $52,549; $67,706; $66,031)………………….........................… 46,172 54,018 68,768 68,018
Fixed maturity securities held to maturity, at amortized cost
(fair value $7,257; $381; $562; $555)………………………….......................................... 7,172 354 538 532
Trading account assets, at fair value.................................................................................. 7,217 9,103 5,752 5,199
Equity securities available for sale, at fair value
(cost $783; $1,017; $3,462; $2,072).……………...................................................... 855 1,050 3,634 2,026
Commercial loans......................................................................................................................8,177 8,074 13,977 12,756
Policy loans....................................................................................................................... 2,336 2,459 3,033 3,008
Securities purchased under agreements to resell............................................................... 5,395 4,526 6,169 4,480
Cash collateral for borrowed securities.............................................................................. 3,858 3,541 3,422 3,963
Other long-term investments................................................................................................ 2,562 3,095 4,023 3,811
Short-term investments....................................................................................................... 2,498 782 2,960 2,773
Total investments..................................................................................................................
86,242 87,002 112,276 106,566
Cash and cash equivalents..........................................................................................................................................
5,165 7,297 11,555 13,209
Accrued investment income............................................................................................... 1,002 930 975 977
Broker-dealer related receivables....................................................................................... 11,860 10,004 8,773 9,119
Deferred policy acquisition costs................................................................................................. 5,389 5,284 5,445 5,525
Other assets.......................................................................................................................... 10,951 11,654 11,500 13,798
Separate account assets..................................................................................................... 82,217 79,066 79,697 74,523
Total assets...................................................................................................................... 202,826 201,237 230,221 223,717
Liabilities:
Future policy benefits.......................................................................................................... 23,274 23,200 41,995 41,932
Policyholders' account balances........................................................................................... 27,320 27,404 38,715 38,206
Unpaid claims and claim adjustment expenses.................................................................... 2,120 2,077 2,060 2,005
Securities sold under agreements to repurchase................................................................ 11,162 11,169 10,262 9,479
Cash collateral for loaned securities.................................................................................... 9,283 8,611 7,626 6,264
Income taxes payable........................................................................................................... 1,041 1,468 1,006 1,550
Broker-dealer related payables........................................................................................... 5,965 5,130 5,206 6,571
Securities sold but not yet purchased...................................................................................... 4,959 5,186 3,979 3,057
Short term debt.................................................................................................................... 10,893 11,922 9,440 9,720
Long term debt................................................................................................................... 1,476 2,058 3,047 2,983
Other liabilities.................................................................................................................... 9,375 9,285 12,401 12,744
Separate account liabilities..................................................................................................... 82,217 79,066 79,697 74,523
Total liabilities......................................................................................................................
189,085 186,576 215,434 209,034
Attributed Equity:
Accumulated other comprehensive income (loss)..............................................……………………. 497 753 827 1,102
Attributed equity....................................................................................……………………………. 13,244 13,908 13,960 13,581
Total attributed equity..................................................................................................... 13,741 14,661 14,787 14,683
Total liabilities and attributed equity.................................................................................. 202,826 201,237 230,221 223,717
Page 4
7. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
FINANCIAL SERVICES BUSINESSES COMBINING STATEMENTS OF OPERATIONS - BY DIVISION
(in millions)
Quarter Ended September 30, 2001
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Revenues (1) :
Premiums...........................................................................................................……………. 2,302 561 650 1,081 - 10
Policy charges and fee income...........................................................………………………. 456 305 68 84 - (1)
Net investment income......................................................................................…………. 1,288 304 671 170 19 124
Commissions, investment management fees, and other income...................................………….
992 668 110 118 273 (177)
Total revenues....................................................................................……………………. 5,038 1,838 1,499 1,453 292 (44)
Benefits and Expenses(1):
Insurance and annuity benefits...........................................................................…………… 2,316 554 919 835 - 8
Interest credited to policyholder account balances.............................................………………..
433 96 307 29 - 1
Interest expense...................................................................................…………………. 69 2 3 1 3 60
Deferral of acquisition costs.......................................................................…………….. (325) (202) (7) (133) - 17
Amortization of acquisition costs.................................................................…………… 255 230 2 44 - (21)
Securities operations non-interest expenses.............................................................………………..
771 558 - 125 70 18
General and administrative expenses..................................................................……………..1,263 553 272 372 174 (108)
Total benefits and expenses.................................................................…………………. 4,782 1,791 1,496 1,273 247 (25)
Adjusted operating income before income taxes....................................................................………….
256 47 3 180 45 (19)
Quarter Ended September 30, 2000
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Revenues (1):
Premiums..............................................................................................................………….. 1,445 493 528 423 - 1
Policy charges and fee income...............................................................…………….. 398 329 48 23 - (2)
Net investment income......................................................................................…………… 1,312 327 686 48 14 237
Commissions, investment management fees, and other income....................................………….
1,230 775 116 160 310 (131)
Total revenues..........................................................................................…………. 4,385 1,924 1,378 654 324 105
Benefits and Expenses (1):
Insurance and annuity benefits...............................................................................………….. 1,447 453 658 329 - 7
Interest credited to policyholder account balances..............................................………….. 414 99 314 1 - -
Interest expense....................................................................................………………. 132 1 11 2 - 118
Deferral of acquisition costs...................................................................……………………. (306) (221) (6) (99) - 20
Amortization of acquisition costs.................................................................……… 206 190 2 32 - (18)
Securities operations non-interest expenses.............................................................…………………
824 580 - 140 73 31
General and administrative expenses.................................................................……… 1,255 656 269 173 185 (28)
Total benefits and expenses............................................................……………………… 3,972 1,758 1,248 578 258 130
Adjusted operating income before income taxes....................................................................………..
413 166 130 76 66 (25)
(1) Revenues exclude realized investment gains, net of losses, and revenues of divested businesses. Benefits and expenses exclude charges related to realized investment gains net of
losses, benefits and expenses of divested businesses, sales practices remedies and costs, and demutualization costs and expenses.
Page 5
8. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
FINANCIAL SERVICES BUSINESSES COMBINING STATEMENTS OF OPERATIONS - BY DIVISION
(in millions)
Nine Months Ended September 30, 2001
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Revenues (1) :
Premiums...........................................................................................................…………. 6,013 1,681 1,882 2,438 - 12
Policy charges and fee income...........................................................…………………….. 1,298 941 176 186 - (5)
Net investment income......................................................................................………….. 3,937 940 2,064 349 62 522
Commissions, investment management fees, and other income...................................... 3,264 2,096 309 396 869 (406)
Total revenues....................................................................................………………….. 14,512 5,658 4,431 3,369 931 123
Benefits and Expenses(1):
Insurance and annuity benefits...........................................................................…………. 6,042 1,531 2,565 1,924 - 22
Interest credited to policyholder account balances.............................................………….. 1,236 298 890 47 - 1
Interest expense...................................................................................…………………. 277 7 9 5 11 245
Deferral of acquisition costs.......................................................................……………… (981) (637) (20) (390) - 66
Amortization of acquisition costs.................................................................………….. 709 645 9 117 - (62)
Securities operations non-interest expenses.............................................................………. 2,463 1,766 - 383 228 86
General and administrative expenses..................................................................……… 3,676 1,725 819 885 537 (290)
Total benefits and expenses.................................................................…………….. 13,422 5,335 4,272 2,971 776 68
Adjusted operating income before income taxes.......................................................................1,090 323 159 398 155 55
Nine Months Ended September 30, 2000
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Revenues (1):
Premiums..............................................................................................................……… 4,328 1,458 1,634 1,235 - 1
Policy charges and fee income...............................................................……………………. 1,192 981 152 66 - (7)
Net investment income......................................................................................…………….. 3,908 1,019 2,106 140 30 613
Commissions, investment management fees, and other income....................................………..
3,999 2,581 324 512 975 (393)
Total revenues..........................................................................................…………………..13,427 6,039 4,216 1,953 1,005 214
Benefits and Expenses (1):
Insurance and annuity benefits...............................................................................……………..
4,432 1,324 2,155 938 - 15
Interest credited to policyholder account balances..............................................……………….
1,225 294 932 2 - (3)
Interest expense....................................................................................……………………… 330 2 36 2 - 290
Deferral of acquisition costs...................................................................……………………. (887) (656) (19) (295) - 83
Amortization of acquisition costs...................................................................………………… 593 536 10 108 - (61)
Securities operations non-interest expenses.............................................................………. 2,565 1,787 - 439 236 103
General and administrative expenses.................................................................………………3,481 1,950 791 497 533 (290)
Total benefits and expenses............................................................………………………..11,739 5,237 3,905 1,691 769 137
Adjusted operating income before income taxes.......................................................................1,688 802 311 262 236 77
(1) Revenues exclude realized investment gains, net of losses, and revenues of divested businesses. Benefits and expenses exclude charges related to realized investment gains net of
losses, benefits and expenses of divested businesses, sales practices remedies and costs, and demutualization costs and expenses.
Page 6
9. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
FINANCIAL SERVICES BUSINESSES COMBINING BALANCE SHEETS - BY DIVISION
(in millions)
As of September 30, 2001
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Assets:
Total investments............................................................................................ 106,566 24,118 38,384 31,561 5,588 6,915
Broker-dealer related receivables.................................................................... 9,119 6,693 - 1,214 553 659
Deferred policy acquisition costs........................................................................ 5,525 3,864 78 1,640 - (57)
Other assets..................................................................................................... 27,984 7,440 5,370 9,138 2,719 3,317
Separate account assets................................................................................... 74,523 26,521 29,435 437 18,743 (613)
Total assets..................................................................................................... 223,717 68,636 73,267 43,990 27,603 10,221
Liabilities:
Future policy benefits...................................................................................... 41,932 3,098 15,692 22,867 - 275
Policyholders' account balances........................................................................ 38,206 8,478 19,029 10,666 - 33
Debt.......................................................................................................................... 12,703 3,484 1,166 1,054 2,021 4,978
Other liabilities.................................................................................................... 41,670 19,709 4,888 6,170 6,067 4,836
Separate account liabilities.................................................................................. 74,523 26,521 29,435 437 18,743 (613)
Total liabilities..................................................................................................... 209,034 61,290 70,210 41,194 26,831 9,509
Attributed Equity:
Accumulated other comprehensive income (loss)................................................. 1,102 503 688 (48) - (41)
Attributed equity....................................................................................…………… 13,581 6,843 2,369 2,844 772 753
Total attributed equity..................................................................................................... 14,683 7,346 3,057 2,796 772 712
Total liabilities and attributed equity.............................................................………………. 223,717 68,636 73,267 43,990 27,603 10,221
As of December 31, 2000
Total
Financial U.S. Employee Asset Corporate
Services Consumer Benefits International Management and Other
Businesses Division Division Division Division Operations
Assets:
Total investments............................................................................................ 86,242 22,233 42,112 4,823 8,915 8,159
Broker-dealer related receivables.................................................................... 11,860 8,068 - 1,022 126 2,644
Deferred policy acquisition costs........................................................................ 5,389 3,909 88 1,425 - (33)
Other assets..................................................................................................... 17,118 6,811 2,570 2,657 2,343 2,737
Separate account assets................................................................................... 82,217 32,202 31,047 443 19,218 (693)
Total assets..................................................................................................... 202,826 73,223 75,817 10,370 30,602 12,814
Liabilities:
Future policy benefits...................................................................................... 23,274 2,913 15,494 4,536 - 331
Policyholders' account balances........................................................................ 27,320 8,433 18,733 128 - 26
Debt.......................................................................................................................... 12,369 3,485 1,049 806 1,807 5,222
Other liabilities.................................................................................................... 43,905 19,893 6,841 3,305 9,120 4,746
Separate account liabilities.................................................................................. 82,217 32,202 31,047 443 19,218 (693)
Total liabilities..................................................................................................... 189,085 66,926 73,164 9,218 30,145 9,632
Attributed Equity:
Accumulated other comprehensive income (loss)................................................. 497 401 143 (61) (2) 16
Attributed equity....................................................................................…………… 13,244 5,896 2,510 1,213 459 3,166
Total attributed equity..................................................................................................... 13,741 6,297 2,653 1,152 457 3,182
Total liabilities and attributed equity........................................................................………………
202,826 73,223 75,817 10,370 30,602 12,814
Page 7
10. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
COMBINED STATEMENTS OF OPERATIONS - U. S. CONSUMER DIVISION
(in millions)
Year-to-date % 2000 2001
2001 2000 Change 3Q 4Q 1Q 2Q 3Q
Revenues (1):
1,681 1,458 15% Premiums.......................................................................................................... 493 523 545 575 561
941 981 -4% Policy charges and fee income.......................................................……………. 329 326 315 321 305
940 1,019 -8% Net investment income.......................................................................................... 327 325 333 303 304
2,096 2,581 -19% Commissions, investment management fees, and other income.............................................
775 775 734 694 668
5,658 6,039 -6% Total revenues.............................................................................………………………
1,924 1,949 1,927 1,893 1,838
Benefits and Expenses (1):
1,531 1,324 16% Insurance and annuity benefits........................................................................... 453 501 453 524 554
298 294 1% Interest credited to policyholder account balances............................................... 99 101 103 99 96
7 2 250% Interest expense..................................................................................…………………………….
1 9 2 3 2
(637) (656) -3% Deferral of acquisition costs...................................................................………………….
(221) (211) (219) (216) (202)
645 536 20% Amortization of acquisition costs.........................................................…………………….
190 213 222 193 230
1,766 1,787 -1% Securities operations non-interest expenses.............................................................………
580 620 582 626 558
1,725 1,950 -12% General and administrative expenses.......................................................................... 656 778 590 582 553
5,335 5,237 2% Total benefits and expenses......................................................………………. 1,758 2,011 1,733 1,811 1,791
323 802 -60% Adjusted operating income before income taxes.................................................................
166 (62) 194 82 47
(1) Revenues exclude realized investment gains, net of losses. Benefits and expenses exclude charges related to realized investment gains net of losses.
Page 8
11. Prudential Financial, Inc.
Quarterly Financial Supplement
Third Quarter 2001
COMBINING STATEMENTS OF OPERATIONS - U. S. CONSUMER DIVISION
(in millions)
Quarter Ended September 30, 2001
Total
U. S. Individual Private Property & Retail Investments
Consumer Life Client Retail Casualty Mutual
Division Insurance Group Investments Insurance Funds (2) Annuities
Revenues (1):
Premiums.........................................................................................................…………………. 561 71 - 12 478 - 12
Policy charges and fee income........................................................………………………………. 305 248 - 57 - - 57
Net investment income...................................................................................…………………….. 304 95 62 108 39 1 107
Commissions, investment management fees, and other income............................…………………………..
668 35 446 182 5 163 19
Total revenues...............................................................................……………………………….. 1,838 449 508 359 522 164 195
Benefits and Expenses (1):
Insurance and annuity benefits............................................................................…………………. 554 165 - 28 361 - 28
Interest credited to policyholder account balances..........................................…………………… 96 33 - 63 - - 63
Interest expense...............................................................................…………………………………….. 2 - - 2 - 2 -
Deferral of acquisition costs..................................................................……………………… (202) (74) - (33) (95) (9) (24)
Amortization of acquisition costs.........................................................………………………… 230 60 - 71 99 20 51
Securities operations non-interest expenses.............................................................…………………. 558 - 558 - - - -
General and administrative expenses...............................................................……………………. 553 189 6 206 152 138 68
Total benefits and expenses..........................................................……………………………………. 1,791 373 564 337 517 151 186
Adjusted operating income before income taxes............................................................………………………..
47 76 (56) 22 5 13 9
Quarter Ended September 30, 2000
Total
U. S. Individual Private Property & Retail Investments
Consumer Life Client Retail Casualty Mutual
Division Insurance Group Investments Insurance Funds (2) Annuities
Revenues (1):
Premiums........................................................................................................……………………………..
493 54 - 16 423 - 16
Policy charges and fee income.........................................................…………………………………………….
329 258 - 71 - - 71
Net investment income....................................................................................………………………. 327 93 73 114 47 - 114
Commissions, investment management fees, and other income..............................……………………. 775 33 541 201 - 179 22
Total revenues........................................................................................………………………………….
1,924 438 614 402 470 179 223
Benefits and Expenses(1):
Insurance and annuity benefits......................................................................…………………… 453 157 - 35 261 - 35
Interest credited to policyholder account balances..........................................…………….. 99 33 - 66 - - 66
Interest expense..............................................................................…………………………… 1 - - 1 - 2 (1)
Deferral of acquisition costs..................................................................………………………….. (221) (70) - (45) (106) (14) (31)
Amortization of acquisition costs...........................................................…………………………….. 190 39 - 54 97 19 35
Securities operations non-interest expenses.............................................................…………… 580 - 580 - - - -
General and administrative expenses............................................................………………. 656 268 6 229 153 146 83
Total benefits and expenses.........................................................…………………………… 1,758 427 586 340 405 153 187
Adjusted operating income before income taxes............................................................………. 166 11 28 62 65 26 36
(1) Revenues exclude realized investment gains, net of losses. Benefits and expenses exclude charges related to realized investment gains, net of losses.
(2) Includes wrap-fee products and unit investment trusts.
Page 9