PRUDENTIAL FINANCIAL INC | 2013 | FY | 3


   2013 2012 2011
    (in millions)
Fixed maturities, available-for-sale $10,541 $9,800 $9,374
Fixed maturities, held-to-maturity  125  135  140
Equity securities, available-for-sale  337  332  315
Trading account assets  963  890  889
Commercial mortgage and other loans  1,985  2,014  1,926
Policy loans  611  597  598
Short-term investments and cash equivalents  40  46  58
Other long-term investments  710  320  231
 Gross investment income  15,312  14,134  13,531
Less: investment expenses  (583)  (473)  (407)
 Net investment income $14,729 $13,661 $13,124

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