Prudential Financial (PRU) 8-K Other Events

Exhibit 99.9

PRUDENTIAL FINANCIAL, INC.

Schedule V

Valuation and Qualifying Accounts

For the Years Ended December 31, 2006, 2005 and 2004 (in millions)

			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Other			Deductions			Affect of Foreign Exchange Rates			Balance at End of Period
2006
Allowance for losses on commercial loans	$	248	$	—	$	—		$	64	(a)	$	1		$	185
Valuation allowance on deferred tax asset		676		4		—			75	(b)		(13	)		592
	$	924	$	4	$	—		$	139		$	(12	)	$	777
2005
Allowance for losses on commercial loans	$	600	$	—	$	—		$	303	(c)	$	(49	)	$	248
Valuation allowance on deferred tax asset		677		167		—			151	(b)		(17	)		676
	$	1,277	$	167	$	—		$	454		$	(66	)	$	924
2004
Allowance for losses on commercial loans	$	597	$	—	$	—		$	19	(d)	$	22		$	600
Valuation allowance on deferred tax asset		230		15		435	(e)		35	(b)		32			677
	$	827	$	15	$	435		$	54		$	54		$	1,277

(a) Represents $57 million of release of allowance for losses and $7 million of charge-offs, net of recoveries.

(b) Represents, primarily, utilization and expiration of net operating losses.

(c) Represents $273 million of release of allowance for losses and $30 million of charge-offs, net of recoveries.

(d) Represents $12 million of release of allowance for losses and $7 million of charge-offs, net of recoveries.

(e) Includes the establishment of a $443 million valuation allowance related to Hyundai, recorded at the date of acquisition.