The Prudential Series Fund

Pruco Life Insurance Company
Notes to Consolidated Financial Statements
10. FAIR VALUE OF ASSETS AND LIABILITIES (continued)
The table below presents the balances of assets and liabilities measured at fair value on a recurring basis, as of December 31,
2008.
Level 1 Level 2 Level 3 Total
(in thousands)
Fixed maturities, available for sale .......................................... $ — $ 4,479,986 $ 64,176 $ 4,544,162
Other trading account assets ................................................... — 8,878 1,089 9,967
Equity securities, available for sale ......................................... 181 15,723 968 16,872
Other long-term investments ................................................... — 22,347 (17,167) 5,180
Short-term investments ........................................................... 26,691 49,504 — 76,195
Cash and cash equivalents ...................................................... — 594,262 — 594,262
Other assets ............................................................................. — 13,699 1,157,884 1,171,583
Sub-total excluding separate account assets ....................... 26,872 5,184,399 1,206,950 6,418,221
Separate account assets (1) ..................................................... 11,109,765 6,310,449 154,316 17,574,530
Total assets ............................................................................ $ 11,136,637 $11,494,848 $1,361,266 $23,992,751
Future policy benefits .............................................................. — — 794,640 794,640
—
Total liabilities ...................................................................... $ — $ — $ 794,640 $ 794,640
, except to the extent of minimum guarantees made by the Company with respect to certain accounts.
Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s
consolidated Statement of Financial Position.
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