Prudential Financial, Inc. 5.62 (PRS) 10-K2010 FY Annual report

Filed: 25 Feb 11, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: abusive, admittance, aggressive, alia, andKoehn, apparent, Arab, Arabia, architecture, Aviall, backup, Bahrain, Basel, bipartisan, body, bona, bothSchultz, bottomed, broken, buffer, bundling, burdensome, cancer, captionedSchultz, carryover, cashflow, CFPB, chemical, clarifying, clearinghouse, coinvest, coinvestment, comment, competitor, complementary, conceptually, confined, Congressional, copyright, correspondingly, costly, cushion, danger, defeating, depositary, depository, died, differentiated, disaggregation, distract, drawn, DSI, dying, Edison, EEA, Egypt, eighteen, endeavor, entirety, Everbright, evolving, exacerbated, expressly, fact, feel, fewer, fide, Fireman, floor, Garrett, grandfathering, grave, Greece, grounded, harmonization, IDD, inadvertently, inappropriate, incentivize, inducement, intellectual, interlock, intervening, Iowa, Ireland, Israel, Judical, Kuwait, Lodging, Lowrey, mediation, Minister, misappropriate, misappropriated, misappropriation, Morgan, movement, necessitate, Nevada, nonaccrual, norm, notably, organizational, OTS, outsource, pari, patent, Patient, peak, penetrate, penetrated, philosophy, PIM, Pinchuk, POK, Portugal, postal, PPO, predetermined, PREI, premature, proposition, published, Qatar, quickly, reposition, repositioning, residing, Saudi, save, se, secret, shape, show, software, South, sovereign, Spain, spent, sponsorship, stake, Star, supervisor, supply, tail, tampering, telecommunication, theGarcia, TheKoehn, therewith, theSchultz, Tier, traditionally, treble, Tunisia, Turkey, unbundling, uneconomic, unlocking, upgraded, URR, VA, vacancy, visibility, Volcker, Washoe, weak, Williamson, withstand, Witt, Worker

Removed: achieved, AcSEC, affirmative, affirmatively, annuitized, antitrust, approximating, arranging, Assistant, attrition, balanced, Bendix, Bernard, central, comprehensively, compromise, computer, consummation, deregistered, devoting, Diego, Dryden, duty, enact, enrolled, enrollment, escalation, facilitation, flat, freestanding, genetic, Golden, headquartered, hour, Institute, insuring, interrupt, lengthening, lieu, Maryland, mastershare, Missouri, modification, multidistrict, nominal, nondiscrimination, nonperformance, official, PISC, preacquisition, prenotification, proportional, publ, Putnam, ratably, recalculation, refile, repeal, repleading, RICO, Robert, San, St, statistically, Taubman, Treasurer, vigorously, widespread, Winograd

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

PRS similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.1

PRUDENTIAL FINANCIAL, INC.

RATIO OF EARNINGS TO FIXED CHARGES


	Year Ended December 31,
	2010		2009			2008			2007		2006
	($ in millions)
Earnings:
Income (loss) from continuing operations before income taxes (1)	$	4,520	$	3,916		$	(1,880	)	$	4,872	$	4,597
Less:
Undistributed income (loss) of investees accounted for under the equity method		100		(172	)		(1,026	)		109		70
Interest capitalized		—		—			5			6		—

Adjusted earnings		4,420		4,088			(859	)		4,757		4,527

Add fixed charges:
Interest credited to policyholders’ account balances		4,209		4,484			2,335			3,222		2,917
Gross interest expense (2)		1,224		1,168			1,401			1,502		1,217
Interest component of rental expense		77		77			64			60		58

Total fixed charges		5,510		5,729			3,800			4,784		4,192

Total earnings plus fixed charges	$	9,930	$	9,817		$	2,941		$	9,541	$	8,719

Ratio of earnings to fixed charges (3)		1.80		1.71			—			1.99		2.08

(1)	Excludes earnings attributable to noncontrolling interests. The year ended December 31, 2009 includes a $2.247 billion pre-tax gain related to the sale of the Company’s minority joint venture interest in Wachovia Securities.

(2)

Interest expense on short-term and long-term debt. Includes interest expense of securities businesses reported in “Net investment income” in the Consolidated Statements of Operations, capitalized interest and amortization of debt discounts and premiums. Interest expense does not include interest on liabilities recorded under the authoritative guidance on accounting for uncertainty in income taxes. The Company’s policy is to classify such interest in income tax provision in the consolidated statements of operations.

(3)	Due to the Company’s loss for the year ended December 31, 2008, the ratio coverage was less than 1:1 and is therefore not presented. Additional earnings of $859 million would have been required for the year ended December 31, 2008 to achieve a ratio of 1:1.