FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Money Market Portfolio (Class I)		PSF PGIM Total Return Bond Portfolio (Class I)		PSF PGIM Jennison Blend Portfolio (Class I)		PSF PGIM Jennison Value Portfolio (Class I)		PSF PGIM High Yield Bond Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	5,656,407	$	10,865,653	$	19,500,093	$	18,510,051	$	10,369,104
Net Assets	$	5,656,407	$	10,865,653	$	19,500,093	$	18,510,051	$	10,369,104
NET ASSETS, representing:
Accumulation units	$	5,656,407	$	10,865,653	$	19,500,093	$	18,510,051	$	10,369,104
	$	5,656,407	$	10,865,653	$	19,500,093	$	18,510,051	$	10,369,104
Units outstanding	5,032,156		3,520,332		2,881,699		3,656,684		1,782,429
Portfolio shares held	565,641		693,848		198,798		388,540		1,554,588
Portfolio net asset value per share	$	10.00	$	15.66	$	98.09	$	47.64	$	6.67
Investment in portfolio shares, at cost	$	5,656,407	$	7,968,141	$	5,567,496	$	7,897,084	$	8,231,838

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Money Market Portfolio (Class I)		PSF PGIM Total Return Bond Portfolio (Class I)		PSF PGIM Jennison Blend Portfolio (Class I)		PSF PGIM Jennison Value Portfolio (Class I)		PSF PGIM High Yield Bond Portfolio (Class I)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	2,247	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	73,950		157,519		275,853		268,367		155,360
NET INVESTMENT INCOME (LOSS)	(71,703)		(157,519)		(275,853)		(268,367)		(155,360)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		381,739		2,027,043		1,624,408		273,867
Net change in unrealized appreciation (depreciation) on investments	—		(489,479)		1,582,696		2,793,935		537,575
NET GAIN (LOSS) ON INVESTMENTS	—		(107,740)		3,609,739		4,418,343		811,442
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(71,703)	$	(265,259)	$	3,333,886	$	4,149,976	$	656,082

The accompanying notes are an integral part of these financial statements.

A1

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	PSF Stock Index Portfolio (Class I)		PSF Global Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		PSF Small-Cap Stock Index Portfolio (Class I)		T. Rowe Price International Stock Portfolio
ASSETS
Investment in the portfolios, at fair value	$	51,905,095	$	4,337,885	$	30,034,631	$	10,219,606	$	1,342,998
Net Assets	$	51,905,095	$	4,337,885	$	30,034,631	$	10,219,606	$	1,342,998
NET ASSETS, representing:
Accumulation units	$	51,905,095	$	4,337,885	$	30,034,631	$	10,219,606	$	1,342,998
	$	51,905,095	$	4,337,885	$	30,034,631	$	10,219,606	$	1,342,998
Units outstanding	5,179,655		934,661		3,016,342		879,430		554,037
Portfolio shares held	461,584		76,344		203,074		169,367		83,885
Portfolio net asset value per share	$	112.45	$	56.82	$	147.90	$	60.34	$	16.01
Investment in portfolio shares, at cost	$	28,142,968	$	1,579,070	$	5,215,033	$	5,622,220	$	1,215,187

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF Stock Index Portfolio (Class I)		PSF Global Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		PSF Small-Cap Stock Index Portfolio (Class I)		T. Rowe Price International Stock Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	8,151
EXPENSES
Charges for mortality and expense risk,
and for administration	509,576		62,957		444,627		100,206		20,049
NET INVESTMENT INCOME (LOSS)	(509,576)		(62,957)		(444,627)		(100,206)		(11,898)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		90,049
Net realized gain (loss) on shares redeemed	3,161,195		407,746		4,685,137		854,486		50,003
Net change in unrealized appreciation (depreciation) on investments	8,787,390		328,023		(6,042)		1,400,334		(122,981)
NET GAIN (LOSS) ON INVESTMENTS	11,948,585		735,769		4,679,095		2,254,820		17,071
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	11,439,009	$	672,812	$	4,234,468	$	2,154,614	$	5,173

The accompanying notes are an integral part of these financial statements.

A2

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)		Invesco V.I. Core Equity Fund (Series I)		Janus Henderson VIT Research Portfolio (Institutional Shares)		Janus Henderson VIT Overseas Portfolio (Institutional Shares)		MFS® Research Series (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	5,942,239	$	7,694,664	$	5,622,738	$	4,605,964	$	1,531,601
Net Assets	$	5,942,239	$	7,694,664	$	5,622,738	$	4,605,964	$	1,531,601
NET ASSETS, representing:
Accumulation units	$	5,942,239	$	7,694,664	$	5,622,738	$	4,605,964	$	1,531,601
	$	5,942,239	$	7,694,664	$	5,622,738	$	4,605,964	$	1,531,601
Units outstanding	1,072,417		1,561,049		853,443		960,727		253,256
Portfolio shares held	197,614		203,616		99,853		107,340		39,689
Portfolio net asset value per share	$	30.07	$	37.79	$	56.31	$	42.91	$	38.59
Investment in portfolio shares, at cost	$	4,680,310	$	5,844,143	$	3,126,810	$	3,489,597	$	940,616

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)		Invesco V.I. Core Equity Fund (Series I)		Janus Henderson VIT Research Portfolio (Institutional Shares)		Janus Henderson VIT Overseas Portfolio (Institutional Shares)		MFS® Research Series (Initial Class)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	92,436	$	48,275	$	5,702	$	53,580	$	8,759
EXPENSES
Charges for mortality and expense risk,
and for administration	82,890		106,051		79,004		66,118		22,581
NET INVESTMENT INCOME (LOSS)	9,546		(57,776)		(73,302)		(12,538)		(13,822)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	413,393		165,346		286,423		—		91,763
Net realized gain (loss) on shares redeemed	239,354		251,240		465,925		146,714		144,333
Net change in unrealized appreciation (depreciation) on investments	600,989		1,389,966		294,704		406,333		114,027
NET GAIN (LOSS) ON INVESTMENTS	1,253,736		1,806,552		1,047,052		553,047		350,123
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,263,282	$	1,748,776	$	973,750	$	540,509	$	336,301

The accompanying notes are an integral part of these financial statements.

A3

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	MFS® Growth Series (Initial Class)		American Century VP Value Fund (Class I)		Franklin Small-Mid Cap Growth VIP Fund (Class 2)		PSF PGIM Jennison Focused Blend Portfolio (Class I)		Davis Value Portfolio
ASSETS
Investment in the portfolios, at fair value	$	8,360,475	$	1,876,823	$	2,434,459	$	3,653,094	$	1,051,501
Net Assets	$	8,360,475	$	1,876,823	$	2,434,459	$	3,653,094	$	1,051,501
NET ASSETS, representing:
Accumulation units	$	8,360,475	$	1,876,823	$	2,434,459	$	3,653,094	$	1,051,501
	$	8,360,475	$	1,876,823	$	2,434,459	$	3,653,094	$	1,051,501
Units outstanding	991,636		349,499		371,097		624,108		350,050
Portfolio shares held	105,349		137,295		108,730		62,746		117,094
Portfolio net asset value per share	$	79.36	$	13.67	$	22.39	$	58.22	$	8.98
Investment in portfolio shares, at cost	$	4,343,794	$	1,073,666	$	2,090,559	$	898,722	$	1,124,031

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® Growth Series (Initial Class)		American Century VP Value Fund (Class I)		Franklin Small-Mid Cap Growth VIP Fund (Class 2)		PSF PGIM Jennison Focused Blend Portfolio (Class I)		Davis Value Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	31,626	$	—	$	—	$	6,323
EXPENSES
Charges for mortality and expense risk,
and for administration	112,839		25,189		37,903		51,761		16,559
NET INVESTMENT INCOME (LOSS)	(112,839)		6,437		(37,903)		(51,761)		(10,236)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	1,110,595		—		326,472		—		172,167
Net realized gain (loss) on shares redeemed	614,669		72,959		100,761		493,989		30,029
Net change in unrealized appreciation (depreciation) on investments	(12,451)		279,208		(153,777)		85,719		(6,090)
NET GAIN (LOSS) ON INVESTMENTS	1,712,813		352,167		273,456		579,708		196,106
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,599,974	$	358,604	$	235,553	$	527,947	$	185,870

The accompanying notes are an integral part of these financial statements.

A4

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)		PSF Small-Cap Value Portfolio (Class I)		Janus Henderson VIT Research Portfolio (Service Shares)		PSF Mid-Cap Growth Portfolio (Class I)		PSF International Growth Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	676,669	$	6,679,561	$	632,584	$	7,715,676	$	1,876,617
Net Assets	$	676,669	$	6,679,561	$	632,584	$	7,715,676	$	1,876,617
NET ASSETS, representing:
Accumulation units	$	676,669	$	6,679,561	$	632,584	$	7,715,676	$	1,876,617
	$	676,669	$	6,679,561	$	632,584	$	7,715,676	$	1,876,617
Units outstanding	202,170		1,488,412		149,649		1,140,386		606,807
Portfolio shares held	7,899		186,060		11,641		251,817		136,085
Portfolio net asset value per share	$	85.67	$	35.90	$	54.34	$	30.64	$	13.79
Investment in portfolio shares, at cost	$	377,470	$	2,675,200	$	348,132	$	2,075,176	$	899,774

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)		PSF Small-Cap Value Portfolio (Class I)		Janus Henderson VIT Research Portfolio (Service Shares)		PSF Mid-Cap Growth Portfolio (Class I)		PSF International Growth Portfolio (Class I)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	98	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	8,380		103,803		9,265		126,039		29,206
NET INVESTMENT INCOME (LOSS)	(8,380)		(103,803)		(9,167)		(126,039)		(29,206)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	44,645		—		31,103		—		—
Net realized gain (loss) on shares redeemed	10,770		798,122		17,582		1,101,706		129,531
Net change in unrealized appreciation (depreciation) on investments	96,824		771,214		60,132		(260,496)		94,447
NET GAIN (LOSS) ON INVESTMENTS	152,239		1,569,336		108,817		841,210		223,978
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	143,859	$	1,465,533	$	99,650	$	715,171	$	194,772

The accompanying notes are an integral part of these financial statements.

A5

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Cohen & Steers Realty Portfolio		AST J.P. Morgan Tactical Preservation Portfolio		AST T. Rowe Price Large-Cap Value Portfolio		AST High Yield Portfolio		AST Small-Cap Growth Opportunities Portfolio
ASSETS
Investment in the portfolios, at fair value	$	35,679,774	$	371,841,801	$	90,157,441	$	34,202,877	$	21,918,144
Net Assets	$	35,679,774	$	371,841,801	$	90,157,441	$	34,202,877	$	21,918,144
NET ASSETS, representing:
Accumulation units	$	35,679,774	$	371,841,801	$	90,157,441	$	34,202,877	$	21,918,144
	$	35,679,774	$	371,841,801	$	90,157,441	$	34,202,877	$	21,918,144
Units outstanding	1,151,061		21,889,855		4,144,247		2,065,072		688,174
Portfolio shares held	1,777,767		14,879,624		4,085,068		2,753,855		681,111
Portfolio net asset value per share	$	20.07	$	24.99	$	22.07	$	12.42	$	32.18
Investment in portfolio shares, at cost	$	23,207,406	$	313,794,269	$	62,886,253	$	27,795,100	$	15,049,984

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Cohen & Steers Realty Portfolio		AST J.P. Morgan Tactical Preservation Portfolio		AST T. Rowe Price Large-Cap Value Portfolio		AST High Yield Portfolio		AST Small-Cap Growth Opportunities Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	361,381		5,207,577		1,119,387		375,421		308,774
NET INVESTMENT INCOME (LOSS)	(361,381)		(5,207,577)		(1,119,387)		(375,421)		(308,774)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	3,740,155		10,645,866		7,295,920		1,306,097		2,959,448
Net change in unrealized appreciation (depreciation) on investments	7,321,757		12,969,739		12,326,365		805,433		(3,167,304)
NET GAIN (LOSS) ON INVESTMENTS	11,061,912		23,615,605		19,622,285		2,111,530		(207,856)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	10,700,531	$	18,408,028	$	18,502,898	$	1,736,109	$	(516,630)

The accompanying notes are an integral part of these financial statements.

A6

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST WEDGE Capital Mid-Cap Value Portfolio		AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Hotchkis & Wiley Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio
ASSETS
Investment in the portfolios, at fair value	$	—	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077
Net Assets	$	—	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077
NET ASSETS, representing:
Accumulation units	$	—	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077
	$	—	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077
Units outstanding	—		566,615		2,108,344		1,574,507		1,446,363
Portfolio shares held	—		392,629		4,216,433		991,600		643,684
Portfolio net asset value per share	$	—	$	38.43	$	17.49	$	42.86	$	99.49
Investment in portfolio shares, at cost	$	—	$	10,110,157	$	44,050,592	$	26,775,954	$	35,048,107

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST WEDGE Capital Mid-Cap Value Portfolio		AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Hotchkis & Wiley Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	2/19/2021**		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	18,808		188,347		958,593		508,579		857,571
NET INVESTMENT INCOME (LOSS)	(18,808)		(188,347)		(958,593)		(508,579)		(857,571)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	3,100,369		2,282,195		7,581,942		5,687,658		7,152,711
Net change in unrealized appreciation (depreciation) on investments	(2,442,428)		1,693,419		(15,596)		4,713,056		3,612,042
NET GAIN (LOSS) ON INVESTMENTS	657,941		3,975,614		7,566,346		10,400,714		10,764,753
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	639,133	$	3,787,267	$	6,607,753	$	9,892,135	$	9,907,182

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A7

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST MFS Growth Portfolio		AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST QMA US Equity Alpha Portfolio		AST T. Rowe Price Natural Resources Portfolio
ASSETS
Investment in the portfolios, at fair value	$	31,649,786	$	47,681,057	$	28,123,013	$	—	$	28,073,817
Net Assets	$	31,649,786	$	47,681,057	$	28,123,013	$	—	$	28,073,817
NET ASSETS, representing:
Accumulation units	$	31,649,786	$	47,681,057	$	28,123,013	$	—	$	28,073,817
	$	31,649,786	$	47,681,057	$	28,123,013	$	—	$	28,073,817
Units outstanding	738,815		1,735,445		2,667,227		—		2,269,640
Portfolio shares held	589,162		1,029,162		2,437,003		—		1,029,854
Portfolio net asset value per share	$	53.72	$	46.33	$	11.54	$	—	$	27.26
Investment in portfolio shares, at cost	$	18,777,647	$	31,711,511	$	27,298,379	$	—	$	20,987,653

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST MFS Growth Portfolio		AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST QMA US Equity Alpha Portfolio		AST T. Rowe Price Natural Resources Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		10/15/2021**		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	365,185		576,849		299,699		301,576		389,347
NET INVESTMENT INCOME (LOSS)	(365,185)		(576,849)		(299,699)		(301,576)		(389,347)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,295,287		4,099,704		324,761		13,760,529		3,671,509
Net change in unrealized appreciation (depreciation) on investments	2,122,760		8,221,125		(502,499)		(5,183,189)		2,498,661
NET GAIN (LOSS) ON INVESTMENTS	6,418,047		12,320,829		(177,738)		8,577,340		6,170,170
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	6,052,862	$	11,743,980	$	(477,437)	$	8,275,764	$	5,780,823

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A8

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio		AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	1,598,955,582	$	39,405,399	$	29,196,196	$	150,637,524	$	843,785,747
Net Assets	$	1,598,955,582	$	39,405,399	$	29,196,196	$	150,637,524	$	843,785,747
NET ASSETS, representing:
Accumulation units	$	1,598,955,582	$	39,405,399	$	29,196,196	$	150,637,524	$	843,785,747
	$	1,598,955,582	$	39,405,399	$	29,196,196	$	150,637,524	$	843,785,747
Units outstanding	72,393,523		1,380,104		1,627,046		8,521,581		35,164,612
Portfolio shares held	37,720,113		1,224,531		718,764		7,235,232		29,227,078
Portfolio net asset value per share	$	42.39	$	32.18	$	40.62	$	20.82	$	28.87
Investment in portfolio shares, at cost	$	1,125,358,203	$	24,429,787	$	20,522,695	$	107,833,049	$	497,399,276

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio		AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	18,995,023		478,086		414,913		2,282,236		12,542,642
NET INVESTMENT INCOME (LOSS)	(18,995,023)		(478,086)		(414,913)		(2,282,236)		(12,542,642)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	87,796,953		3,216,058		1,743,094		9,532,830		49,403,892
Net change in unrealized appreciation (depreciation) on investments	63,746,558		2,843,430		1,292,006		7,687,918		79,689,535
NET GAIN (LOSS) ON INVESTMENTS	151,543,511		6,059,488		3,035,100		17,220,748		129,093,427
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	132,548,488	$	5,581,402	$	2,620,187	$	14,938,512	$	116,550,785

The accompanying notes are an integral part of these financial statements.

A9

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio		AST Preservation Asset Allocation Portfolio		AST Fidelity Institutional AM® Quantitative Portfolio		AST Prudential Growth Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	256,021,990	$	769,774,215	$	462,362,719	$	—	$	1,145,058,926
Net Assets	$	256,021,990	$	769,774,215	$	462,362,719	$	—	$	1,145,058,926
NET ASSETS, representing:
Accumulation units	$	256,021,990	$	769,774,215	$	462,362,719	$	—	$	1,145,058,926
	$	256,021,990	$	769,774,215	$	462,362,719	$	—	$	1,145,058,926
Units outstanding	16,045,202		36,044,587		27,147,475		—		53,040,748
Portfolio shares held	13,553,308		29,801,557		22,090,909		—		50,733,670
Portfolio net asset value per share	$	18.89	$	25.83	$	20.93	$	—	$	22.57
Investment in portfolio shares, at cost	$	187,642,490	$	459,717,370	$	339,134,074	$	—	$	784,949,075

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio		AST Preservation Asset Allocation Portfolio		AST Fidelity Institutional AM® Quantitative Portfolio		AST Prudential Growth Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		10/15/2021**		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	4,132,256		11,560,108		7,029,709		4,597,203		16,691,756
NET INVESTMENT INCOME (LOSS)	(4,132,256)		(11,560,108)		(7,029,709)		(4,597,203)		(16,691,756)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	12,978,186		56,252,821		30,697,669		144,663,838		64,340,942
Net change in unrealized appreciation (depreciation) on investments	17,265,403		37,900,073		(1,897,994)		(109,289,452)		111,254,273
NET GAIN (LOSS) ON INVESTMENTS	30,243,589		94,152,894		28,799,675		35,374,386		175,595,215
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	26,111,333	$	82,592,786	$	21,769,966	$	30,777,183	$	158,903,459

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A10

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Advanced Strategies Portfolio		AST T. Rowe Price Large-Cap Growth Portfolio		AST Government Money Market Portfolio		AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	653,219,817	$	138,184,640	$	47,530,507	$	34,015,663	$	200,011,354
Net Assets	$	653,219,817	$	138,184,640	$	47,530,507	$	34,015,663	$	200,011,354
NET ASSETS, representing:
Accumulation units	$	653,219,817	$	138,184,640	$	47,530,507	$	34,015,663	$	200,011,354
	$	653,219,817	$	138,184,640	$	47,530,507	$	34,015,663	$	200,011,354
Units outstanding	29,140,722		3,043,575		5,068,781		910,114		15,543,966
Portfolio shares held	23,971,369		1,828,807		47,530,507		413,363		12,731,467
Portfolio net asset value per share	$	27.25	$	75.56	$	1.00	$	82.29	$	15.71
Investment in portfolio shares, at cost	$	399,662,387	$	77,894,150	$	47,530,507	$	21,011,500	$	183,082,309

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Advanced Strategies Portfolio		AST T. Rowe Price Large-Cap Growth Portfolio		AST Government Money Market Portfolio		AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	315	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	9,707,149		1,598,828		510,380		437,492		2,751,041
NET INVESTMENT INCOME (LOSS)	(9,707,149)		(1,598,828)		(510,065)		(437,492)		(2,751,041)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	54,865,376		15,676,654		—		4,387,015		4,613,725
Net change in unrealized appreciation (depreciation) on investments	30,925,419		5,571,685		—		(2,763,221)		(6,830,784)
NET GAIN (LOSS) ON INVESTMENTS	85,790,795		21,248,339		—		1,623,794		(2,217,059)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	76,083,646	$	19,649,511	$	(510,065)	$	1,186,302	$	(4,968,100)

The accompanying notes are an integral part of these financial statements.

A11

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio		AST Western Asset Core Plus Bond Portfolio		AST Cohen & Steers Global Realty Portfolio
ASSETS
Investment in the portfolios, at fair value	$	14,537,372	$	30,197,491	$	72,288,360	$	134,962,474	$	10,471,938
Net Assets	$	14,537,372	$	30,197,491	$	72,288,360	$	134,962,474	$	10,471,938
NET ASSETS, representing:
Accumulation units	$	14,537,372	$	30,197,491	$	72,288,360	$	134,962,474	$	10,471,938
	$	14,537,372	$	30,197,491	$	72,288,360	$	134,962,474	$	10,471,938
Units outstanding	1,061,232		1,241,959		4,366,811		9,538,841		498,104
Portfolio shares held	633,161		995,631		7,625,354		9,082,266		569,127
Portfolio net asset value per share	$	22.96	$	30.33	$	9.48	$	14.86	$	18.40
Investment in portfolio shares, at cost	$	11,937,606	$	18,979,465	$	71,347,907	$	122,800,518	$	7,166,383

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio		AST Western Asset Core Plus Bond Portfolio		AST Cohen & Steers Global Realty Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	171,388		343,576		1,083,643		1,755,748		131,131
NET INVESTMENT INCOME (LOSS)	(171,388)		(343,576)		(1,083,643)		(1,755,748)		(131,131)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	756,596		2,777,190		2,301,368		3,498,345		658,450
Net change in unrealized appreciation (depreciation) on investments	339,074		770,214		(3,950,326)		(6,537,221)		1,720,566
NET GAIN (LOSS) ON INVESTMENTS	1,095,670		3,547,404		(1,648,958)		(3,038,876)		2,379,016
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	924,282	$	3,203,828	$	(2,732,601)	$	(4,794,624)	$	2,247,885

The accompanying notes are an integral part of these financial statements.

A12

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST AllianzGI World Trends Portfolio		AST J.P. Morgan Global Thematic Portfolio		AST Goldman Sachs Multi-Asset Portfolio
ASSETS
Investment in the portfolios, at fair value	$	31,633,805	$	38,342,905	$	408,042,602	$	240,889,523	$	—
Net Assets	$	31,633,805	$	38,342,905	$	408,042,602	$	240,889,523	$	—
NET ASSETS, representing:
Accumulation units	$	31,633,805	$	38,342,905	$	408,042,602	$	240,889,523	$	—
	$	31,633,805	$	38,342,905	$	408,042,602	$	240,889,523	$	—
Units outstanding	2,905,957		1,335,009		21,832,245		11,794,014		—
Portfolio shares held	3,080,215		1,180,872		20,160,208		10,514,602		—
Portfolio net asset value per share	$	10.27	$	32.47	$	20.24	$	22.91	$	—
Investment in portfolio shares, at cost	$	26,118,793	$	24,161,873	$	269,360,997	$	158,600,510	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST AllianzGI World Trends Portfolio		AST J.P. Morgan Global Thematic Portfolio		AST Goldman Sachs Multi-Asset Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		2/19/2021**
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	430,047		487,997		6,078,947		3,557,708		449,152
NET INVESTMENT INCOME (LOSS)	(430,047)		(487,997)		(6,078,947)		(3,557,708)		(449,152)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,769,310		4,637,974		26,550,742		15,866,032		50,136,031
Net change in unrealized appreciation (depreciation) on investments	(1,648,410)		4,468,150		17,456,112		12,517,776		(46,003,816)
NET GAIN (LOSS) ON INVESTMENTS	120,900		9,106,124		44,006,854		28,383,808		4,132,215
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(309,147)	$	8,618,127	$	37,927,907	$	24,826,100	$	3,683,063

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A13

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care		ProFund VP Industrials
ASSETS
Investment in the portfolios, at fair value	$	615,367	$	96,714	$	347,050	$	494,108	$	456,079
Net Assets	$	615,367	$	96,714	$	347,050	$	494,108	$	456,079
NET ASSETS, representing:
Accumulation units	$	615,367	$	96,714	$	347,050	$	494,108	$	456,079
	$	615,367	$	96,714	$	347,050	$	494,108	$	456,079
Units outstanding	14,533		3,041		19,513		12,265		16,557
Portfolio shares held	7,955		1,393		6,883		5,877		4,563
Portfolio net asset value per share	$	77.36	$	69.45	$	50.42	$	84.07	$	99.95
Investment in portfolio shares, at cost	$	563,318	$	67,923	$	203,060	$	385,608	$	333,005

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care		ProFund VP Industrials
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	389	$	1,207	$	185	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	8,778		1,358		5,091		6,423		6,689
NET INVESTMENT INCOME (LOSS)	(8,778)		(969)		(3,884)		(6,238)		(6,689)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	46,984		5,516		22,231		38,130		24,120
Net realized gain (loss) on shares redeemed	779		3,877		24,109		7,041		15,031
Net change in unrealized appreciation (depreciation) on investments	11,403		7,334		40,934		45,693		28,226
NET GAIN (LOSS) ON INVESTMENTS	59,166		16,727		87,274		90,864		67,377
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	50,388	$	15,758	$	83,390	$	84,626	$	60,688

The accompanying notes are an integral part of these financial statements.

A14

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth		ProFund VP Small-Cap Value
ASSETS
Investment in the portfolios, at fair value	$	137,281	$	271,751	$	196,423	$	104,333	$	228,179
Net Assets	$	137,281	$	271,751	$	196,423	$	104,333	$	228,179
NET ASSETS, representing:
Accumulation units	$	137,281	$	271,751	$	196,423	$	104,333	$	228,179
	$	137,281	$	271,751	$	196,423	$	104,333	$	228,179
Units outstanding	4,741		11,137		10,011		3,292		9,157
Portfolio shares held	2,705		5,385		2,465		2,545		4,188
Portfolio net asset value per share	$	50.76	$	50.46	$	79.69	$	40.99	$	54.49
Investment in portfolio shares, at cost	$	112,295	$	196,398	$	136,585	$	87,854	$	171,101

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth		ProFund VP Small-Cap Value
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	669	$	47	$	—	$	173
EXPENSES
Charges for mortality and expense risk,
and for administration	1,995		3,949		2,674		1,490		3,398
NET INVESTMENT INCOME (LOSS)	(1,995)		(3,280)		(2,627)		(1,490)		(3,225)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	11,046		—		—		6,468		—
Net realized gain (loss) on shares redeemed	2,620		11,857		5,209		3,009		12,933
Net change in unrealized appreciation (depreciation) on investments	6,347		51,961		52,312		8,121		42,639
NET GAIN (LOSS) ON INVESTMENTS	20,013		63,818		57,521		17,598		55,572
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	18,018	$	60,538	$	54,894	$	16,108	$	52,347

The accompanying notes are an integral part of these financial statements.

A15

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value		AST Jennison Large-Cap Growth Portfolio
ASSETS
Investment in the portfolios, at fair value	$	27,682	$	208,368	$	290,640	$	255,531	$	53,221,351
Net Assets	$	27,682	$	208,368	$	290,640	$	255,531	$	53,221,351
NET ASSETS, representing:
Accumulation units	$	27,682	$	208,368	$	290,640	$	255,531	$	53,221,351
	$	27,682	$	208,368	$	290,640	$	255,531	$	53,221,351
Units outstanding	1,932		10,475		7,136		12,664		1,183,103
Portfolio shares held	733		4,906		3,382		5,181		737,036
Portfolio net asset value per share	$	37.77	$	42.47	$	85.95	$	49.32	$	72.21
Investment in portfolio shares, at cost	$	22,494	$	203,161	$	211,175	$	207,035	$	32,616,379

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value		AST Jennison Large-Cap Growth Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	287	$	2,944	$	—	$	2,256	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	394		2,910		4,235		3,695		587,690
NET INVESTMENT INCOME (LOSS)	(107)		34		(4,235)		(1,439)		(587,690)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		37,265		—		—
Net realized gain (loss) on shares redeemed	312		(2,556)		10,492		2,950		6,323,688
Net change in unrealized appreciation (depreciation) on investments	3,879		28,145		25,535		44,111		1,266,787
NET GAIN (LOSS) ON INVESTMENTS	4,191		25,589		73,292		47,061		7,590,475
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	4,084	$	25,623	$	69,057	$	45,622	$	7,002,785

The accompanying notes are an integral part of these financial statements.

A16

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2021		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
ASSETS
Investment in the portfolios, at fair value	$	—	$	18,029	$	634,741	$	8,410,311	$	95,231,885
Net Assets	$	—	$	18,029	$	634,741	$	8,410,311	$	95,231,885
NET ASSETS, representing:
Accumulation units	$	—	$	18,029	$	634,741	$	8,410,311	$	95,231,885
	$	—	$	18,029	$	634,741	$	8,410,311	$	95,231,885
Units outstanding	—		946		74,376		704,287		5,099,788
Portfolio shares held	—		9,198		14,525		562,187		3,907,751
Portfolio net asset value per share	$	—	$	1.96	$	43.70	$	14.96	$	24.37
Investment in portfolio shares, at cost	$	—	$	24,402	$	382,176	$	8,352,418	$	65,508,068

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2021		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021**		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	252	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	119,704		349		11,810		110,969		581,925
NET INVESTMENT INCOME (LOSS)	(119,704)		(97)		(11,810)		(110,969)		(581,925)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		72,684		—		—
Net realized gain (loss) on shares redeemed	232,027		(1,582)		65,610		45,334		3,192,533
Net change in unrealized appreciation (depreciation) on investments	(266,548)		3,066		(36,628)		(102,416)		9,518,372
NET GAIN (LOSS) ON INVESTMENTS	(34,521)		1,484		101,666		(57,082)		12,710,905
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(154,225)	$	1,387	$	89,856	$	(168,051)	$	12,128,980

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A17

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST BlackRock Global Strategies Portfolio		Allspring VT Opportunity Fund (Class 1)		AST Prudential Core Bond Portfolio		AST Bond Portfolio 2023		AST MFS Growth Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	153,966,177	$	146,688	$	42,754,623	$	478,670	$	90,401,038
Net Assets	$	153,966,177	$	146,688	$	42,754,623	$	478,670	$	90,401,038
NET ASSETS, representing:
Accumulation units	$	153,966,177	$	146,688	$	42,754,623	$	478,670	$	90,401,038
	$	153,966,177	$	146,688	$	42,754,623	$	478,670	$	90,401,038
Units outstanding	9,927,800		3,943		3,527,694		47,049		4,841,384
Portfolio shares held	8,427,267		4,196		3,051,722		37,661		4,112,877
Portfolio net asset value per share	$	18.27	$	34.96	$	14.01	$	12.71	$	21.98
Investment in portfolio shares, at cost	$	109,315,895	$	88,373	$	39,598,749	$	372,185	$	62,131,662

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST BlackRock Global Strategies Portfolio		Allspring VT Opportunity Fund (Class 1)		AST Prudential Core Bond Portfolio		AST Bond Portfolio 2023		AST MFS Growth Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	386	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	2,290,493		2,611		447,012		11,078		1,290,125
NET INVESTMENT INCOME (LOSS)	(2,290,493)		(2,225)		(447,012)		(11,078)		(1,290,125)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		7,734		—		—		—
Net realized gain (loss) on shares redeemed	8,366,874		12,873		740,698		5,753		4,687,507
Net change in unrealized appreciation (depreciation) on investments	8,703,823		13,287		(1,382,291)		(14,315)		7,419,802
NET GAIN (LOSS) ON INVESTMENTS	17,070,697		33,894		(641,593)		(8,562)		12,107,309
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	14,780,204	$	31,669	$	(1,088,605)	$	(19,640)	$	10,817,184

The accompanying notes are an integral part of these financial statements.

A18

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Western Asset Emerging Markets Debt Portfolio		AST MFS Large-Cap Value Portfolio		AST Bond Portfolio 2024		AST ClearBridge Dividend Growth Portfolio		AST Multi-Sector Fixed Income Portfolio
ASSETS
Investment in the portfolios, at fair value	$	1,589,222	$	28,646,718	$	—	$	22,737,560	$	2,234,643,259
Net Assets	$	1,589,222	$	28,646,718	$	—	$	22,737,560	$	2,234,643,259
NET ASSETS, representing:
Accumulation units	$	1,589,222	$	28,646,718	$	—	$	22,737,560	$	2,234,643,259
	$	1,589,222	$	28,646,718	$	—	$	22,737,560	$	2,234,643,259
Units outstanding	137,501		1,224,947		—		933,332		170,627,275
Portfolio shares held	124,841		943,879		—		780,019		143,984,746
Portfolio net asset value per share	$	12.73	$	30.35	$	12.38	$	29.15	$	15.52
Investment in portfolio shares, at cost	$	1,466,156	$	20,187,232	$	—	$	15,358,158	$	1,656,702,221

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Western Asset Emerging Markets Debt Portfolio		AST MFS Large-Cap Value Portfolio		AST Bond Portfolio 2024		AST ClearBridge Dividend Growth Portfolio		AST Multi-Sector Fixed Income Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	9,753		303,591		1,133		256,690		44,219,948
NET INVESTMENT INCOME (LOSS)	(9,753)		(303,591)		(1,133)		(256,690)		(44,219,948)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	25,150		1,947,409		10,642		1,530,127		49,751,034
Net change in unrealized appreciation (depreciation) on investments	(70,286)		4,021,782		(12,005)		3,286,760		(61,712,826)
NET GAIN (LOSS) ON INVESTMENTS	(45,136)		5,969,191		(1,363)		4,816,887		(11,961,792)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(54,889)	$	5,665,600	$	(2,496)	$	4,560,197	$	(56,181,740)

The accompanying notes are an integral part of these financial statements.

A19

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Large-Cap Core Portfolio		AST Bond Portfolio 2025		AST T. Rowe Price Growth Opportunities Portfolio		AST T. Rowe Price Diversified Real Growth Portfolio		AST Prudential Flexible Multi-Strategy Portfolio
ASSETS
Investment in the portfolios, at fair value	$	41,495,731	$	162,795	$	299,082,005	$	18,637,202	$	23,941,584
Net Assets	$	41,495,731	$	162,795	$	299,082,005	$	18,637,202	$	23,941,584
NET ASSETS, representing:
Accumulation units	$	41,495,731	$	162,795	$	299,082,005	$	18,637,202	$	23,941,584
	$	41,495,731	$	162,795	$	299,082,005	$	18,637,202	$	23,941,584
Units outstanding	1,597,535		13,465		16,105,287		1,037,694		1,513,047
Portfolio shares held	1,350,772		11,384		14,351,344		951,363		1,359,545
Portfolio net asset value per share	$	30.72	$	14.30	$	20.84	$	19.59	$	17.61
Investment in portfolio shares, at cost	$	37,666,298	$	164,312	$	195,236,650	$	12,053,614	$	17,202,371

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Large-Cap Core Portfolio		AST Bond Portfolio 2025		AST T. Rowe Price Growth Opportunities Portfolio		AST T. Rowe Price Diversified Real Growth Portfolio		AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	126,256		1,411		4,288,567		112,807		139,514
NET INVESTMENT INCOME (LOSS)	(126,256)		(1,411)		(4,288,567)		(112,807)		(139,514)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	268,568		4,340		7,281,123		543,816		721,973
Net change in unrealized appreciation (depreciation) on investments	2,945,096		(8,473)		35,118,829		1,661,466		2,186,902
NET GAIN (LOSS) ON INVESTMENTS	3,213,664		(4,133)		42,399,952		2,205,282		2,908,875
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	3,087,408	$	(5,544)	$	38,111,385	$	2,092,475	$	2,769,361

The accompanying notes are an integral part of these financial statements.

A20

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Franklin 85/15 Diversified Allocation Portfolio		AST Bond Portfolio 2026		AST Global Bond Portfolio		AST QMA International Core Equity Portfolio		BlackRock Global Allocation V.I. Fund (Class III)
ASSETS
Investment in the portfolios, at fair value	$	63,088,974	$	425,699	$	24,692,116	$	2,036,161	$	8,782,992
Net Assets	$	63,088,974	$	425,699	$	24,692,116	$	2,036,161	$	8,782,992
NET ASSETS, representing:
Accumulation units	$	63,088,974	$	425,699	$	24,692,116	$	2,036,161	$	8,782,992
	$	63,088,974	$	425,699	$	24,692,116	$	2,036,161	$	8,782,992
Units outstanding	3,996,123		40,092		2,346,589		153,575		573,159
Portfolio shares held	3,598,915		34,723		2,033,947		135,024		610,778
Portfolio net asset value per share	$	17.53	$	12.26	$	12.14	$	15.08	$	14.38
Investment in portfolio shares, at cost	$	42,187,458	$	366,302	$	24,727,781	$	1,697,863	$	8,948,480

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Franklin 85/15 Diversified Allocation Portfolio		AST Bond Portfolio 2026		AST Global Bond Portfolio		AST QMA International Core Equity Portfolio		BlackRock Global Allocation V.I. Fund (Class III)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	70,430
EXPENSES
Charges for mortality and expense risk,
and for administration	895,823		18,012		242,312		11,288		50,447
NET INVESTMENT INCOME (LOSS)	(895,823)		(18,012)		(242,312)		(11,288)		19,983
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		1,453,442
Net realized gain (loss) on shares redeemed	1,748,272		56,096		(5,058)		35,718		60,092
Net change in unrealized appreciation (depreciation) on investments	9,640,072		(95,042)		(338,303)		157,003		(1,077,339)
NET GAIN (LOSS) ON INVESTMENTS	11,388,344		(38,946)		(343,361)		192,721		436,195
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	10,492,521	$	(56,958)	$	(585,673)	$	181,433	$	456,178

The accompanying notes are an integral part of these financial statements.

A21

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)		AST Bond Portfolio 2027		NVIT Emerging Markets Fund (Class D)		AST Bond Portfolio 2028		AST Bond Portfolio 2029
ASSETS
Investment in the portfolios, at fair value	$	3,480,598	$	1,083,130	$	346,438	$	5,106,076	$	—
Net Assets	$	3,480,598	$	1,083,130	$	346,438	$	5,106,076	$	—
NET ASSETS, representing:
Accumulation units	$	3,480,598	$	1,083,130	$	346,438	$	5,106,076	$	—
	$	3,480,598	$	1,083,130	$	346,438	$	5,106,076	$	—
Units outstanding	263,269		101,120		25,989		461,979		—
Portfolio shares held	293,474		89,886		25,681		417,163		—
Portfolio net asset value per share	$	11.86	$	12.05	$	13.49	$	12.24	$	12.27
Investment in portfolio shares, at cost	$	3,114,921	$	1,083,741	$	300,670	$	5,147,981	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)		AST Bond Portfolio 2027		NVIT Emerging Markets Fund (Class D)		AST Bond Portfolio 2028		AST Bond Portfolio 2029
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	85,192	$	—	$	3,828	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	19,003		25,290		6,497		50,848		—
NET INVESTMENT INCOME (LOSS)	66,189		(25,290)		(2,669)		(50,848)		—
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	10,898		—		—		—		—
Net realized gain (loss) on shares redeemed	12,415		8,542		17,761		(4,263)		—
Net change in unrealized appreciation (depreciation) on investments	132,411		(63,960)		(52,198)		(41,905)		—
NET GAIN (LOSS) ON INVESTMENTS	155,724		(55,418)		(34,437)		(46,168)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	221,913	$	(80,708)	$	(37,106)	$	(97,016)	$	—

The accompanying notes are an integral part of these financial statements.

A22

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio		AST Bond Portfolio 2030		AST BlackRock 80/20 Target Allocation ETF Portfolio		AST BlackRock 60/40 Target Allocation ETF Portfolio		AST Dimensional Global Core Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	—
Net Assets	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	—
NET ASSETS, representing:
Accumulation units	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	—
	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	—
Units outstanding	6,706,188		275,646		2,870,282		2,078,707		—
Portfolio shares held	6,367,193		260,306		2,747,910		1,990,358		—
Portfolio net asset value per share	$	16.35	$	12.55	$	16.97	$	15.41	$	—
Investment in portfolio shares, at cost	$	68,626,051	$	3,230,573	$	31,377,758	$	22,539,631	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio		AST Bond Portfolio 2030		AST BlackRock 80/20 Target Allocation ETF Portfolio		AST BlackRock 60/40 Target Allocation ETF Portfolio		AST Dimensional Global Core Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		10/15/2021**
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	1,416,807		131,392		648,781		429,526		6,055
NET INVESTMENT INCOME (LOSS)	(1,416,807)		(131,392)		(648,781)		(429,526)		(6,055)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,673,244		34,946		693,940		263,825		155,927
Net change in unrealized appreciation (depreciation) on investments	12,059,851		(452,593)		5,886,316		2,974,418		(88,371)
NET GAIN (LOSS) ON INVESTMENTS	13,733,095		(417,647)		6,580,256		3,238,243		67,556
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	12,316,288	$	(549,039)	$	5,931,475	$	2,808,717	$	61,501

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A23

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2031		MFS® International Growth Portfolio (Service Shares)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares)		MFS® Technology Portfolio (Service Shares)		MFS® Mid Cap Growth Series (Service Shares)
ASSETS
Investment in the portfolios, at fair value	$	11,043,601	$	604,619	$	137,484	$	3,622,737	$	1,101,999
Net Assets	$	11,043,601	$	604,619	$	137,484	$	3,622,737	$	1,101,999
NET ASSETS, representing:
Accumulation units	$	11,043,601	$	604,619	$	137,484	$	3,622,737	$	1,101,999
	$	11,043,601	$	604,619	$	137,484	$	3,622,737	$	1,101,999
Units outstanding	1,067,051		41,369		8,113		219,753		65,807
Portfolio shares held	1,024,453		36,533		5,079		115,779		105,657
Portfolio net asset value per share	$	10.78	$	16.55	$	27.07	$	31.29	$	10.43
Investment in portfolio shares, at cost	$	11,133,622	$	592,345	$	124,479	$	3,433,622	$	1,136,218

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2031		MFS® International Growth Portfolio (Service Shares)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares)		MFS® Technology Portfolio (Service Shares)		MFS® Mid Cap Growth Series (Service Shares)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	1,517	$	35	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	253,746		1,922		498		14,800		4,657
NET INVESTMENT INCOME (LOSS)	(253,746)		(405)		(463)		(14,800)		(4,657)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		16,129		14,489		151,465		206,066
Net realized gain (loss) on shares redeemed	(347,637)		10,620		260		82,151		2,621
Net change in unrealized appreciation (depreciation) on investments	10,252		(211)		7,293		68,334		(86,043)
NET GAIN (LOSS) ON INVESTMENTS	(337,385)		26,538		22,042		301,950		122,644
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(591,131)	$	26,133	$	21,579	$	287,150	$	117,987

The accompanying notes are an integral part of these financial statements.

A24

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	MFS® New Discovery Series (Service Shares)		MFS® Research Series (Service Shares)		MFS® Total Return Bond Series (Service Shares)		MFS® Total Return Series (Service Shares)		MFS® Utilities Series (Service Shares)
ASSETS
Investment in the portfolios, at fair value	$	452,087	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035
Net Assets	$	452,087	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035
NET ASSETS, representing:
Accumulation units	$	452,087	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035
	$	452,087	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035
Units outstanding	26,745		9,372		314,128		77,109		138,529
Portfolio shares held	22,787		3,974		248,202		38,530		50,719
Portfolio net asset value per share	$	19.84	$	37.92	$	13.37	$	27.18	$	37.58
Investment in portfolio shares, at cost	$	507,974	$	123,253	$	3,378,768	$	979,064	$	1,744,780

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® New Discovery Series (Service Shares)		MFS® Research Series (Service Shares)		MFS® Total Return Bond Series (Service Shares)		MFS® Total Return Series (Service Shares)		MFS® Utilities Series (Service Shares)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	466	$	62,872	$	13,152	$	19,576
EXPENSES
Charges for mortality and expense risk,
and for administration	1,906		744		14,057		4,534		6,355
NET INVESTMENT INCOME (LOSS)	(1,906)		(278)		48,815		8,618		13,221
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	58,092		8,042		187		39,890		44,124
Net realized gain (loss) on shares redeemed	26,983		1,420		(8,934)		1,997		3,635
Net change in unrealized appreciation (depreciation) on investments	(88,991)		19,540		(83,714)		36,901		108,341
NET GAIN (LOSS) ON INVESTMENTS	(3,916)		29,002		(92,461)		78,788		156,100
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(5,822)	$	28,724	$	(43,646)	$	87,406	$	169,321

The accompanying notes are an integral part of these financial statements.

A25

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	American Funds IS Asset Allocation Fund (Class 4)		American Funds IS Washington Mutual Investors Fund (Class 4)		American Funds IS The Bond Fund of America (Class 4)		American Funds IS Capital World Growth and Income Fund (Class 4)		American Funds IS Global Small Capitalization Fund (Class 4)
ASSETS
Investment in the portfolios, at fair value	$	2,900,549	$	1,668,623	$	1,916,073	$	558,632	$	255,380
Net Assets	$	2,900,549	$	1,668,623	$	1,916,073	$	558,632	$	255,380
NET ASSETS, representing:
Accumulation units	$	2,900,549	$	1,668,623	$	1,916,073	$	558,632	$	255,380
	$	2,900,549	$	1,668,623	$	1,916,073	$	558,632	$	255,380
Units outstanding	233,538		118,330		191,283		43,234		19,365
Portfolio shares held	101,560		94,219		174,030		30,966		7,748
Portfolio net asset value per share	$	28.56	$	17.71	$	11.01	$	18.04	$	32.96
Investment in portfolio shares, at cost	$	2,735,588	$	1,469,689	$	1,959,389	$	535,212	$	254,060

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS Asset Allocation Fund (Class 4)		American Funds IS Washington Mutual Investors Fund (Class 4)		American Funds IS The Bond Fund of America (Class 4)		American Funds IS Capital World Growth and Income Fund (Class 4)		American Funds IS Global Small Capitalization Fund (Class 4)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	33,946	$	17,249	$	19,323	$	7,592	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	11,010		5,204		4,884		1,964		922
NET INVESTMENT INCOME (LOSS)	22,936		12,045		14,439		5,628		(922)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	51,500		—		25,743		8,704		4,555
Net realized gain (loss) on shares redeemed	6,806		4,719		(3,168)		5,141		490
Net change in unrealized appreciation (depreciation) on investments	137,516		181,129		(43,187)		15,678		(480)
NET GAIN (LOSS) ON INVESTMENTS	195,822		185,848		(20,612)		29,523		4,565
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	218,758	$	197,893	$	(6,173)	$	35,151	$	3,643

The accompanying notes are an integral part of these financial statements.

A26

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	American Funds IS Growth Fund (Class 4)		American Funds IS Growth-Income Fund (Class 4)		American Funds IS International Fund (Class 4)		American Funds IS New World Fund® (Class 4)		BlackRock Advantage Large Cap Core V.I. Fund (Class III)
ASSETS
Investment in the portfolios, at fair value	$	5,107,845	$	1,189,591	$	176,259	$	752,797	$	639,979
Net Assets	$	5,107,845	$	1,189,591	$	176,259	$	752,797	$	639,979
NET ASSETS, representing:
Accumulation units	$	5,107,845	$	1,189,591	$	176,259	$	752,797	$	639,979
	$	5,107,845	$	1,189,591	$	176,259	$	752,797	$	639,979
Units outstanding	344,850		87,357		15,043		60,656		44,763
Portfolio shares held	41,262		18,142		7,900		24,097		28,218
Portfolio net asset value per share	$	123.79	$	65.57	$	22.31	$	31.24	$	22.68
Investment in portfolio shares, at cost	$	4,710,482	$	1,034,670	$	180,292	$	750,776	$	815,347

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS Growth Fund (Class 4)		American Funds IS Growth-Income Fund (Class 4)		American Funds IS International Fund (Class 4)		American Funds IS New World Fund® (Class 4)		BlackRock Advantage Large Cap Core V.I. Fund (Class III)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	1,950	$	9,355	$	4,166	$	4,349	$	307
EXPENSES
Charges for mortality and expense risk,
and for administration	20,790		4,847		579		2,872		2,320
NET INVESTMENT INCOME (LOSS)	(18,840)		4,508		3,587		1,477		(2,013)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	425,229		7,695		—		15,771		251,819
Net realized gain (loss) on shares redeemed	22,357		6,373		145		2,713		13,466
Net change in unrealized appreciation (depreciation) on investments	202,214		141,157		(9,656)		(17,107)		(173,442)
NET GAIN (LOSS) ON INVESTMENTS	649,800		155,225		(9,511)		1,377		91,843
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	630,960	$	159,733	$	(5,924)	$	2,854	$	89,830

The accompanying notes are an integral part of these financial statements.

A27

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	BlackRock Advantage Large Cap Value V.I. Fund (Class III)		BlackRock Capital Appreciation V.I. Fund (Class III)		BlackRock Equity Dividend V.I. Fund (Class III)		BlackRock Large Cap Focus Growth V.I. Fund (Class III)		Fidelity® VIP Balanced Portfolio (Service Class 2)
ASSETS
Investment in the portfolios, at fair value	$	998,389	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464
Net Assets	$	998,389	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464
NET ASSETS, representing:
Accumulation units	$	998,389	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464
	$	998,389	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464
Units outstanding	70,595		42,304		85,412		134,303		357,784
Portfolio shares held	98,267		60,191		94,888		84,714		191,210
Portfolio net asset value per share	$	10.16	$	9.80	$	12.14	$	21.19	$	24.52
Investment in portfolio shares, at cost	$	1,101,526	$	634,515	$	1,215,553	$	1,942,425	$	4,389,482

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	BlackRock Advantage Large Cap Value V.I. Fund (Class III)		BlackRock Capital Appreciation V.I. Fund (Class III)		BlackRock Equity Dividend V.I. Fund (Class III)		BlackRock Large Cap Focus Growth V.I. Fund (Class III)		Fidelity® VIP Balanced Portfolio (Service Class 2)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	11,557	$	—	$	9,399	$	—	$	26,789
EXPENSES
Charges for mortality and expense risk,
and for administration	1,853		2,279		3,691		3,209		17,048
NET INVESTMENT INCOME (LOSS)	9,704		(2,279)		5,708		(3,209)		9,741
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	156,233		110,121		135,609		228,061		201,695
Net realized gain (loss) on shares redeemed	3,431		(569)		5,661		16,971		10,467
Net change in unrealized appreciation (depreciation) on investments	(106,881)		(42,443)		(71,563)		(151,821)		225,067
NET GAIN (LOSS) ON INVESTMENTS	52,783		67,109		69,707		93,211		437,229
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	62,487	$	64,830	$	75,415	$	90,002	$	446,970

The accompanying notes are an integral part of these financial statements.

A28

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP Contrafund® Portfolio (Service Class 2)		Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)		Fidelity® VIP Health Care Portfolio (Service Class 2)		BlackRock Basic Value V.I. Fund (Class III)		AST Bond Portfolio 2032
ASSETS
Investment in the portfolios, at fair value	$	5,007,430	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627
Net Assets	$	5,007,430	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627
NET ASSETS, representing:
Accumulation units	$	5,007,430	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627
	$	5,007,430	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627
Units outstanding	359,559		217,219		297,831		17,876		621,441
Portfolio shares held	95,361		38,458		90,137		17,952		609,359
Portfolio net asset value per share	$	52.51	$	77.62	$	39.89	$	13.83	$	9.47
Investment in portfolio shares, at cost	$	4,559,860	$	2,965,431	$	3,443,669	$	265,102	$	5,747,308

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP Contrafund® Portfolio (Service Class 2)		Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)		Fidelity® VIP Health Care Portfolio (Service Class 2)		BlackRock Basic Value V.I. Fund (Class III)		AST Bond Portfolio 2032
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/4/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	800	$	—	$	1,126	$	2,654	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	22,092		12,200		16,122		866		30,182
NET INVESTMENT INCOME (LOSS)	(21,292)		(12,200)		(14,996)		1,788		(30,182)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	510,289		139,127		130,718		35,275		—
Net realized gain (loss) on shares redeemed	36,311		121,895		(642)		11,900		8,468
Net change in unrealized appreciation (depreciation) on investments	353,447		(93,594)		130,448		(24,222)		23,319
NET GAIN (LOSS) ON INVESTMENTS	900,047		167,428		260,524		22,953		31,787
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	878,755	$	155,228	$	245,528	$	24,741	$	1,605

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A29

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	PSF Global Portfolio (Class III)		PSF Mid-Cap Growth Portfolio (Class III)		PSF Natural Resources Portfolio (Class III)		PSF PGIM 50/50 Balanced Portfolio (Class III)		PSF PGIM Flexible Managed Portfolio (Class III)
ASSETS
Investment in the portfolios, at fair value	$	15,846	$	270,642	$	321,180	$	823,977	$	406,721
Net Assets	$	15,846	$	270,642	$	321,180	$	823,977	$	406,721
NET ASSETS, representing:
Accumulation units	$	15,846	$	270,642	$	321,180	$	823,977	$	406,721
	$	15,846	$	270,642	$	321,180	$	823,977	$	406,721
Units outstanding	1,489		26,426		29,219		76,749		37,729
Portfolio shares held	279		8,845		9,380		20,808		9,231
Portfolio net asset value per share	$	56.72	$	30.60	$	34.24	$	39.60	$	44.06
Investment in portfolio shares, at cost	$	15,714	$	269,819	$	312,970	$	803,533	$	396,655

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF Global Portfolio (Class III)		PSF Mid-Cap Growth Portfolio (Class III)		PSF Natural Resources Portfolio (Class III)		PSF PGIM 50/50 Balanced Portfolio (Class III)		PSF PGIM Flexible Managed Portfolio (Class III)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	14		524		454		1,041		492
NET INVESTMENT INCOME (LOSS)	(14)		(524)		(454)		(1,041)		(492)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(12)		2,450		(114)		557		492
Net change in unrealized appreciation (depreciation) on investments	132		824		8,211		20,444		10,066
NET GAIN (LOSS) ON INVESTMENTS	120		3,274		8,097		21,001		10,558
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	106	$	2,750	$	7,643	$	19,960	$	10,066

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A30

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class III)		PSF PGIM High Yield Bond Portfolio (Class III)		PSF PGIM Jennison Blend Portfolio (Class III)		PSF PGIM Jennison Focused Blend Portfolio (Class III)		PSF PGIM Jennison Growth Portfolio (Class III)
ASSETS
Investment in the portfolios, at fair value	$	94,301	$	1,418,146	$	174,740	$	11,295	$	1,003,607
Net Assets	$	94,301	$	1,418,146	$	174,740	$	11,295	$	1,003,607
NET ASSETS, representing:
Accumulation units	$	94,301	$	1,418,146	$	174,740	$	11,295	$	1,003,607
	$	94,301	$	1,418,146	$	174,740	$	11,295	$	1,003,607
Units outstanding	9,559		137,008		15,709		1,058		90,747
Portfolio shares held	6,721		212,935		1,785		194		6,798
Portfolio net asset value per share	$	14.03	$	6.66	$	97.92	$	58.12	$	147.64
Investment in portfolio shares, at cost	$	95,367	$	1,397,251	$	167,785	$	11,594	$	990,183

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class III)		PSF PGIM High Yield Bond Portfolio (Class III)		PSF PGIM Jennison Blend Portfolio (Class III)		PSF PGIM Jennison Focused Blend Portfolio (Class III)		PSF PGIM Jennison Growth Portfolio (Class III)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	170		2,571		259		13		1,697
NET INVESTMENT INCOME (LOSS)	(170)		(2,571)		(259)		(13)		(1,697)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(349)		320		27		3		1,072
Net change in unrealized appreciation (depreciation) on investments	(1,067)		20,895		6,954		(299)		13,424
NET GAIN (LOSS) ON INVESTMENTS	(1,416)		21,215		6,981		(296)		14,496
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,586)	$	18,644	$	6,722	$	(309)	$	12,799

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A31

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	PSF PGIM Jennison Value Portfolio (Class III)		PSF PGIM Total Return Bond Portfolio (Class III)		PSF Small-Cap Stock Index Portfolio (Class III)		PSF Stock Index Portfolio (Class III)		MFS® Investors Trust Series (Service Shares)
ASSETS
Investment in the portfolios, at fair value	$	234,999	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463
Net Assets	$	234,999	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463
NET ASSETS, representing:
Accumulation units	$	234,999	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463
	$	234,999	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463
Units outstanding	21,217		153,728		117,986		430,002		3,017
Portfolio shares held	4,941		99,767		20,360		43,749		1,125
Portfolio net asset value per share	$	47.56	$	15.64	$	60.24	$	112.26	$	43.97
Investment in portfolio shares, at cost	$	221,258	$	1,556,769	$	1,188,986	$	4,491,809	$	48,357

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Jennison Value Portfolio (Class III)		PSF PGIM Total Return Bond Portfolio (Class III)		PSF Small-Cap Stock Index Portfolio (Class III)		PSF Stock Index Portfolio (Class III)		MFS® Investors Trust Series (Service Shares)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	84
EXPENSES
Charges for mortality and expense risk,
and for administration	427		2,180		2,350		9,319		73
NET INVESTMENT INCOME (LOSS)	(427)		(2,180)		(2,350)		(9,319)		11
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		646
Net realized gain (loss) on shares redeemed	121		(91)		474		4,785		2
Net change in unrealized appreciation (depreciation) on investments	13,741		3,591		37,479		419,480		1,107
NET GAIN (LOSS) ON INVESTMENTS	13,862		3,500		37,953		424,265		1,755
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	13,435	$	1,320	$	35,603	$	414,946	$	1,766

*Date subaccount became available for investment.

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A32

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	MFS® International Intrinsic Value Portfolio (Initial Class)		MFS® Mid Cap Growth Series (Initial Class)		Western Asset Core Plus VIT Portfolio (Class I)		ClearBridge Variable Small Cap Growth Portfolio (Class I)		ClearBridge Variable Large Cap Growth Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	44,611	$	15,438	$	27,776	$	55,097	$	64,672
Net Assets	$	44,611	$	15,438	$	27,776	$	55,097	$	64,672
NET ASSETS, representing:
Accumulation units	$	44,611	$	15,438	$	27,776	$	55,097	$	64,672
	$	44,611	$	15,438	$	27,776	$	55,097	$	64,672
Units outstanding	3,400		1,066		2,679		3,607		4,321
Portfolio shares held	1,186		1,317		4,668		1,517		1,496
Portfolio net asset value per share	$	37.62	$	11.72	$	5.95	$	36.32	$	43.22
Investment in portfolio shares, at cost	$	43,853	$	16,890	$	28,821	$	56,040	$	60,514

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® International Intrinsic Value Portfolio (Initial Class)		MFS® Mid Cap Growth Series (Initial Class)		Western Asset Core Plus VIT Portfolio (Class I)		ClearBridge Variable Small Cap Growth Portfolio (Class I)		ClearBridge Variable Large Cap Growth Portfolio (Class I)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	36	$	—	$	715	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	23		29		54		60		147
NET INVESTMENT INCOME (LOSS)	13		(29)		661		(60)		(147)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	279		3,500		—		2,729		3,879
Net realized gain (loss) on shares redeemed	57		(377)		10		74		10
Net change in unrealized appreciation (depreciation) on investments	758		(1,452)		(1,045)		(944)		4,158
NET GAIN (LOSS) ON INVESTMENTS	1,094		1,671		(1,035)		1,859		8,047
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,107	$	1,642	$	(374)	$	1,799	$	7,900

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A33

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)		Fidelity® VIP Mid Cap Portfolio (Initial Class)		Fidelity® VIP Emerging Markets Portfolio (Initial Class)		DFA VA U.S. Targeted Value Portfolio		BlackRock Large Cap Focus Growth V.I. Fund (Class I)
ASSETS
Investment in the portfolios, at fair value	$	44,778	$	73,826	$	92,921	$	47,928	$	346,279
Net Assets	$	44,778	$	73,826	$	92,921	$	47,928	$	346,279
NET ASSETS, representing:
Accumulation units	$	44,778	$	73,826	$	92,921	$	47,928	$	346,279
	$	44,778	$	73,826	$	92,921	$	47,928	$	346,279
Units outstanding	3,381		5,110		7,197		3,212		22,555
Portfolio shares held	1,837		1,793		7,386		2,033		15,870
Portfolio net asset value per share	$	24.37	$	41.17	$	12.58	$	23.57	$	21.82
Investment in portfolio shares, at cost	$	43,895	$	78,930	$	106,548	$	46,320	$	367,804

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)		Fidelity® VIP Mid Cap Portfolio (Initial Class)		Fidelity® VIP Emerging Markets Portfolio (Initial Class)		DFA VA U.S. Targeted Value Portfolio		BlackRock Large Cap Focus Growth V.I. Fund (Class I)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	426	$	1,789	$	86	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	24		198		207		36		677
NET INVESTMENT INCOME (LOSS)	(24)		228		1,582		50		(677)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	296		10,840		6,579		434		46,240
Net realized gain (loss) on shares redeemed	173		122		(113)		87		750
Net change in unrealized appreciation (depreciation) on investments	883		(5,104)		(13,627)		1,608		(21,524)
NET GAIN (LOSS) ON INVESTMENTS	1,352		5,858		(7,161)		2,129		25,466
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,328	$	6,086	$	(5,579)	$	2,179	$	24,789

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A34

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	American Funds IS U.S. Government Securities Fund (Class 1)		American Funds IS The Bond Fund of America (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio
ASSETS
Investment in the portfolios, at fair value	$	117,900	$	13,958	$	195,869	$	229,024	$	23,867
Net Assets	$	117,900	$	13,958	$	195,869	$	229,024	$	23,867
NET ASSETS, representing:
Accumulation units	$	117,900	$	13,958	$	195,869	$	229,024	$	23,867
	$	117,900	$	13,958	$	195,869	$	229,024	$	23,867
Units outstanding	11,077		1,321		13,199		16,138		1,968
Portfolio shares held	10,103		1,245		4,934		13,125		985
Portfolio net asset value per share	$	11.67	$	11.21	$	39.70	$	17.45	$	24.23
Investment in portfolio shares, at cost	$	127,829	$	14,227	$	208,347	$	205,773	$	24,222

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS U.S. Government Securities Fund (Class 1)		American Funds IS The Bond Fund of America (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	1,820	$	197	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	613		51		1,077		1,155		107
NET INVESTMENT INCOME (LOSS)	1,207		146		(1,077)		(1,155)		(107)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	10,166		—		—		—		—
Net realized gain (loss) on shares redeemed	(190)		(1)		(85)		486		(1)
Net change in unrealized appreciation (depreciation) on investments	(9,930)		(270)		(12,478)		23,251		(355)
NET GAIN (LOSS) ON INVESTMENTS	46		(271)		(12,563)		23,737		(356)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,253	$	(125)	$	(13,640)	$	22,582	$	(463)

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A35

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNTS
	Vanguard Mid-Cap Index Portfolio		Vanguard Equity Index Portfolio		MFS® Total Return Bond Series (Initial Class)		Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)		MFS® New Discovery Series (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	141,012	$	55,313	$	13,930	$	117,910	$	54,618
Net Assets	$	141,012	$	55,313	$	13,930	$	117,910	$	54,618
NET ASSETS, representing:
Accumulation units	$	141,012	$	55,313	$	13,930	$	117,910	$	54,618
	$	141,012	$	55,313	$	13,930	$	117,910	$	54,618
Units outstanding	10,063		3,823		1,340		11,199		3,868
Portfolio shares held	4,783		845		1,022		8,832		2,344
Portfolio net asset value per share	$	29.48	$	65.47	$	13.63	$	13.35	$	23.30
Investment in portfolio shares, at cost	$	136,705	$	48,445	$	14,430	$	120,134	$	65,181

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNTS
	Vanguard Mid-Cap Index Portfolio		Vanguard Equity Index Portfolio		MFS® Total Return Bond Series (Initial Class)		Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)		MFS® New Discovery Series (Initial Class)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
INVESTMENT INCOME
Dividend income	$	—	$	—	$	462	$	1,942	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	116		231		27		327		163
NET INVESTMENT INCOME (LOSS)	(116)		(231)		435		1,615		(163)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		1		1,921		9,028
Net realized gain (loss) on shares redeemed	4		16		(88)		27		(66)
Net change in unrealized appreciation (depreciation) on investments	4,306		6,868		(499)		(2,225)		(10,563)
NET GAIN (LOSS) ON INVESTMENTS	4,310		6,884		(586)		(277)		(1,601)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	4,194	$	6,653	$	(151)	$	1,338	$	(1,764)

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A36

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2021

	SUBACCOUNT
	ClearBridge Variable Dividend Strategy Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	141,703
Net Assets	$	141,703
NET ASSETS, representing:
Accumulation units	$	141,703
	$	141,703
Units outstanding	10,611
Portfolio shares held	5,531
Portfolio net asset value per share	$	25.62
Investment in portfolio shares, at cost	$	138,980

STATEMENTS OF OPERATIONS

For the period ended December 31, 2021

	SUBACCOUNT
	ClearBridge Variable Dividend Strategy Portfolio (Class I)
	1/1/2021***
	to
	12/31/2021
INVESTMENT INCOME
Dividend income	$	207
EXPENSES
Charges for mortality and expense risk,
and for administration	56
NET INVESTMENT INCOME (LOSS)	151
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	1,333
Net realized gain (loss) on shares redeemed	172
Net change in unrealized appreciation (depreciation) on investments	2,723
NET GAIN (LOSS) ON INVESTMENTS	4,228
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	4,379

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A37

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Money Market Portfolio (Class I)		PSF PGIM Total Return Bond Portfolio (Class I)		PSF PGIM Jennison Blend Portfolio (Class I)		PSF PGIM Jennison Value Portfolio (Class I)		PSF PGIM High Yield Bond Portfolio (Class I)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(71,703)	$	(157,519)	$	(275,853)	$	(268,367)	$	(155,360)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		381,739		2,027,043		1,624,408		273,867
Net change in unrealized appreciation (depreciation) on investments	—		(489,479)		1,582,696		2,793,935		537,575
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(71,703)		(265,259)		3,333,886		4,149,976		656,082
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	42,939		12,110		11,643		179,447		92,983
Annuity payments	(302,323)		(131,392)		(81,595)		(150,089)		(121,759)
Surrenders, withdrawals and death benefits	(468,727)		(1,289,392)		(2,367,507)		(2,120,279)		(1,075,510)
Net transfers between other subaccounts
or fixed rate option	1,072,618		355,050		(150,837)		(321,440)		113,799
Miscellaneous transactions	(3,254)		538		842		(3,796)		199
Other charges	(4,071)		(2,236)		(6,716)		(14,894)		(9,024)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	337,182		(1,055,322)		(2,594,170)		(2,431,051)		(999,312)
TOTAL INCREASE (DECREASE) IN NET ASSETS	265,479		(1,320,581)		739,716		1,718,925		(343,230)
NET ASSETS
Beginning of period	5,390,928		12,186,234		18,760,377		16,791,126		10,712,334
End of period	$	5,656,407	$	10,865,653	$	19,500,093	$	18,510,051	$	10,369,104
Beginning units	4,551,027		3,863,280		3,289,972		4,160,350		1,982,638
Units issued	1,477,013		98,638		10,900		81,191		60,333
Units redeemed	(995,884)		(441,586)		(419,173)		(584,857)		(260,542)
Ending units	5,032,156		3,520,332		2,881,699		3,656,684		1,782,429

The accompanying notes are an integral part of these financial statements.

A38

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF Stock Index Portfolio (Class I)		PSF Global Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		PSF Small-Cap Stock Index Portfolio (Class I)		T. Rowe Price International Stock Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(509,576)	$	(62,957)	$	(444,627)	$	(100,206)	$	(11,898)
Capital gains distributions received	—		—		—		—		90,049
Net realized gain (loss) on shares redeemed	3,161,195		407,746		4,685,137		854,486		50,003
Net change in unrealized appreciation (depreciation) on investments	8,787,390		328,023		(6,042)		1,400,334		(122,981)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	11,439,009		672,812		4,234,468		2,154,614		5,173
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,491,885		2,444		61,247		548,077		50,000
Annuity payments	(241,982)		(7,119)		(303,662)		(8,020)		—
Surrenders, withdrawals and death benefits	(3,565,378)		(423,275)		(4,364,851)		(760,175)		(169,906)
Net transfers between other subaccounts
or fixed rate option	(725,949)		(91,145)		(436,926)		(190,084)		(30,369)
Miscellaneous transactions	(4,903)		663		(8,870)		616		(34)
Other charges	(108,133)		(2,925)		(14,308)		(25,650)		(141)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,154,460)		(521,357)		(5,067,370)		(435,236)		(150,450)
TOTAL INCREASE (DECREASE) IN NET ASSETS	9,284,549		151,455		(832,902)		1,719,378		(145,277)
NET ASSETS
Beginning of period	42,620,546		4,186,430		30,867,533		8,500,228		1,488,275
End of period	$	51,905,095	$	4,337,885	$	30,034,631	$	10,219,606	$	1,342,998
Beginning units	5,580,935		1,055,977		3,508,456		939,087		613,481
Units issued	397,033		15,786		30,383		116,572		32,676
Units redeemed	(798,313)		(137,102)		(522,497)		(176,229)		(92,120)
Ending units	5,179,655		934,661		3,016,342		879,430		554,037

The accompanying notes are an integral part of these financial statements.

A39

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)		Invesco V.I. Core Equity Fund (Series I)		Janus Henderson VIT Research Portfolio (Institutional Shares)		Janus Henderson VIT Overseas Portfolio (Institutional Shares)		MFS® Research Series (Initial Class)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	9,546	$	(57,776)	$	(73,302)	$	(12,538)	$	(13,822)
Capital gains distributions received	413,393		165,346		286,423		—		91,763
Net realized gain (loss) on shares redeemed	239,354		251,240		465,925		146,714		144,333
Net change in unrealized appreciation (depreciation) on investments	600,989		1,389,966		294,704		406,333		114,027
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,263,282		1,748,776		973,750		540,509		336,301
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	23,821		59,585		330		9,160		9,160
Annuity payments	(70,277)		(87,998)		(41,787)		(29,134)		—
Surrenders, withdrawals and death benefits	(747,665)		(928,118)		(848,716)		(443,917)		(292,032)
Net transfers between other subaccounts
or fixed rate option	(129,822)		(219,941)		(136,493)		(79,379)		(69,563)
Miscellaneous transactions	64		(5,308)		1,016		1,715		(111)
Other charges	(759)		(1,072)		(748)		(843)		(259)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(924,638)		(1,182,852)		(1,026,398)		(542,398)		(352,805)
TOTAL INCREASE (DECREASE) IN NET ASSETS	338,644		565,924		(52,648)		(1,889)		(16,504)
NET ASSETS
Beginning of period	5,603,595		7,128,740		5,675,386		4,607,853		1,548,105
End of period	$	5,942,239	$	7,694,664	$	5,622,738	$	4,605,964	$	1,531,601
Beginning units	1,252,136		1,821,168		1,022,069		1,075,255		315,058
Units issued	6,171		4,900		3,698		9,558		3,041
Units redeemed	(185,890)		(265,019)		(172,324)		(124,086)		(64,843)
Ending units	1,072,417		1,561,049		853,443		960,727		253,256

The accompanying notes are an integral part of these financial statements.

A40

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® Growth Series (Initial Class)		American Century VP Value Fund (Class I)		Franklin Small-Mid Cap Growth VIP Fund (Class 2)		PSF PGIM Jennison Focused Blend Portfolio (Class I)		Davis Value Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(112,839)	$	6,437	$	(37,903)	$	(51,761)	$	(10,236)
Capital gains distributions received	1,110,595		—		326,472		—		172,167
Net realized gain (loss) on shares redeemed	614,669		72,959		100,761		493,989		30,029
Net change in unrealized appreciation (depreciation) on investments	(12,451)		279,208		(153,777)		85,719		(6,090)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,599,974		358,604		235,553		527,947		185,870
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	94,368		—		—		240		—
Annuity payments	(95,476)		—		—		(84,090)		(41,378)
Surrenders, withdrawals and death benefits	(796,577)		(91,852)		(474,499)		(524,743)		(199,153)
Net transfers between other subaccounts
or fixed rate option	(158,916)		(228)		(7,839)		(7,939)		(14,655)
Miscellaneous transactions	1,149		(38)		2,327		(1,052)		222
Other charges	(1,271)		(238)		(335)		(337)		(219)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(956,723)		(92,356)		(480,346)		(617,921)		(255,183)
TOTAL INCREASE (DECREASE) IN NET ASSETS	643,251		266,248		(244,793)		(89,974)		(69,313)
NET ASSETS
Beginning of period	7,717,224		1,610,575		2,679,252		3,743,068		1,120,814
End of period	$	8,360,475	$	1,876,823	$	2,434,459	$	3,653,094	$	1,051,501
Beginning units	1,115,059		368,261		442,289		736,801		433,690
Units issued	20,056		12,582		9,337		927		2,324
Units redeemed	(143,479)		(31,344)		(80,529)		(113,620)		(85,964)
Ending units	991,636		349,499		371,097		624,108		350,050

The accompanying notes are an integral part of these financial statements.

A41

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)		PSF Small-Cap Value Portfolio (Class I)		Janus Henderson VIT Research Portfolio (Service Shares)		PSF Mid-Cap Growth Portfolio (Class I)		PSF International Growth Portfolio (Class I)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(8,380)	$	(103,803)	$	(9,167)	$	(126,039)	$	(29,206)
Capital gains distributions received	44,645		—		31,103		—		—
Net realized gain (loss) on shares redeemed	10,770		798,122		17,582		1,101,706		129,531
Net change in unrealized appreciation (depreciation) on investments	96,824		771,214		60,132		(260,496)		94,447
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	143,859		1,465,533		99,650		715,171		194,772
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		91,786		—		26,302		1,118
Annuity payments	—		(20,772)		—		(5,147)		(10,905)
Surrenders, withdrawals and death benefits	(15,075)		(786,243)		(16,880)		(997,638)		(148,277)
Net transfers between other subaccounts
or fixed rate option	16,030		(313,388)		(6,055)		(192,888)		37,219
Miscellaneous transactions	(52)		(6,638)		—		(687)		525
Other charges	(37)		(14,182)		(998)		(14,046)		(2,706)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	866		(1,049,437)		(23,933)		(1,184,104)		(123,026)
TOTAL INCREASE (DECREASE) IN NET ASSETS	144,725		416,096		75,717		(468,933)		71,746
NET ASSETS
Beginning of period	531,944		6,263,465		556,867		8,184,609		1,804,871
End of period	$	676,669	$	6,679,561	$	632,584	$	7,715,676	$	1,876,617
Beginning units	201,639		1,745,374		157,136		1,305,421		631,775
Units issued	6,645		46,945		2,167		31,195		34,957
Units redeemed	(6,114)		(303,907)		(9,654)		(196,230)		(59,925)
Ending units	202,170		1,488,412		149,649		1,140,386		606,807

The accompanying notes are an integral part of these financial statements.

A42

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Cohen & Steers Realty Portfolio		AST J.P. Morgan Tactical Preservation Portfolio		AST T. Rowe Price Large-Cap Value Portfolio		AST High Yield Portfolio		AST Small-Cap Growth Opportunities Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(361,381)	$	(5,207,577)	$	(1,119,387)	$	(375,421)	$	(308,774)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	3,740,155		10,645,866		7,295,920		1,306,097		2,959,448
Net change in unrealized appreciation (depreciation) on investments	7,321,757		12,969,739		12,326,365		805,433		(3,167,304)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	10,700,531		18,408,028		18,502,898		1,736,109		(516,630)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	620,242		130,756		2,354,189		893,547		590,724
Annuity payments	(33,207)		(61,990)		(23,472)		—		—
Surrenders, withdrawals and death benefits	(2,419,746)		(30,846,468)		(7,009,500)		(2,593,764)		(1,955,421)
Net transfers between other subaccounts
or fixed rate option	(801,986)		219,543,171		(4,670,190)		955,204		(374,075)
Miscellaneous transactions	28,856		(7,697)		3,846		1,611		14,298
Other charges	(236,111)		(3,859,947)		(724,528)		(230,889)		(183,121)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,841,952)		184,897,825		(10,069,655)		(974,291)		(1,907,595)
TOTAL INCREASE (DECREASE) IN NET ASSETS	7,858,579		203,305,853		8,433,243		761,818		(2,424,225)
NET ASSETS
Beginning of period	27,821,195		168,535,948		81,724,198		33,441,059		24,342,369
End of period	$	35,679,774	$	371,841,801	$	90,157,441	$	34,202,877	$	21,918,144
Beginning units	1,245,415		10,391,065		4,546,368		2,106,253		721,696
Units issued	373,328		15,062,792		823,575		371,801		171,574
Units redeemed	(467,682)		(3,564,002)		(1,225,696)		(412,982)		(205,096)
Ending units	1,151,061		21,889,855		4,144,247		2,065,072		688,174

The accompanying notes are an integral part of these financial statements.

A43

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST WEDGE Capital Mid-Cap Value Portfolio		AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Hotchkis & Wiley Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	2/19/2021**		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(18,808)	$	(188,347)	$	(958,593)	$	(508,579)	$	(857,571)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	3,100,369		2,282,195		7,581,942		5,687,658		7,152,711
Net change in unrealized appreciation (depreciation) on investments	(2,442,428)		1,693,419		(15,596)		4,713,056		3,612,042
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	639,133		3,787,267		6,607,753		9,892,135		9,907,182
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	72,490		195,613		1,003,915		902,742		566,083
Annuity payments	—		—		(23,323)		—		(6,150)
Surrenders, withdrawals and death benefits	(130,948)		(1,343,475)		(6,627,097)		(2,679,447)		(4,741,039)
Net transfers between other subaccounts
or fixed rate option	(10,343,022)		(1,250,387)		(698,830)		(4,028,849)		(1,497,313)
Miscellaneous transactions	28		1,118		3,273		(1,561)		83
Other charges	(11,698)		(119,194)		(592,541)		(312,532)		(518,716)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(10,413,150)		(2,516,325)		(6,934,603)		(6,119,647)		(6,197,052)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(9,774,017)		1,270,942		(326,850)		3,772,488		3,710,130
NET ASSETS
Beginning of period	9,774,017		13,817,785		74,072,266		38,727,481		60,329,947
End of period	$	—	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077
Beginning units	501,304		676,787		2,254,617		1,782,575		1,548,528
Units issued	13,627		164,887		364,124		388,561		236,630
Units redeemed	(514,931)		(275,059)		(510,397)		(596,629)		(338,795)
Ending units	—		566,615		2,108,344		1,574,507		1,446,363

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A44

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST MFS Growth Portfolio		AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST QMA US Equity Alpha Portfolio		AST T. Rowe Price Natural Resources Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		10/15/2021**		12/31/2021
OPERATIONS
Net investment income (loss)	$	(365,185)	$	(576,849)	$	(299,699)	$	(301,576)	$	(389,347)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,295,287		4,099,704		324,761		13,760,529		3,671,509
Net change in unrealized appreciation (depreciation) on investments	2,122,760		8,221,125		(502,499)		(5,183,189)		2,498,661
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	6,052,862		11,743,980		(477,437)		8,275,764		5,780,823
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,031,513		761,249		1,973,763		414,375		244,887
Annuity payments	—		(12,848)		—		—		(28,957)
Surrenders, withdrawals and death benefits	(3,128,170)		(3,018,330)		(2,384,795)		(1,151,255)		(2,170,976)
Net transfers between other subaccounts
or fixed rate option	(816,354)		4,709,684		1,666,570		(35,914,000)		(3,154,227)
Miscellaneous transactions	(3,756)		12,836		463		31		12,373
Other charges	(208,974)		(373,385)		(183,414)		(201,191)		(272,560)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(3,125,741)		2,079,206		1,072,587		(36,852,040)		(5,369,460)
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,927,121		13,823,186		595,150		(28,576,276)		411,363
NET ASSETS
Beginning of period	28,722,665		33,857,871		27,527,863		28,576,276		27,662,454
End of period	$	31,649,786	$	47,681,057	$	28,123,013	$	—	$	28,073,817
Beginning units	774,427		1,603,567		2,574,321		1,093,272		2,755,797
Units issued	227,151		680,833		1,084,608		155,154		912,796
Units redeemed	(262,763)		(548,955)		(991,702)		(1,248,426)		(1,398,953)
Ending units	738,815		1,735,445		2,667,227		—		2,269,640

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A45

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio		AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(18,995,023)	$	(478,086)	$	(414,913)	$	(2,282,236)	$	(12,542,642)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	87,796,953		3,216,058		1,743,094		9,532,830		49,403,892
Net change in unrealized appreciation (depreciation) on investments	63,746,558		2,843,430		1,292,006		7,687,918		79,689,535
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	132,548,488		5,581,402		2,620,187		14,938,512		116,550,785
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,208,370		656,508		53,180		311,591		701,711
Annuity payments	(400,172)		—		(953)		(11,078)		(44,595)
Surrenders, withdrawals and death benefits	(97,504,357)		(2,645,798)		(2,416,549)		(10,654,974)		(47,415,633)
Net transfers between other subaccounts
or fixed rate option	371,193,953		(2,138,087)		630,313		(1,402,148)		(13,752,915)
Miscellaneous transactions	(26,986)		(727)		(78)		(1,675)		(33,790)
Other charges	(13,484,630)		(304,051)		(270,435)		(1,677,567)		(7,978,796)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	260,986,178		(4,432,155)		(2,004,522)		(13,435,851)		(68,524,018)
TOTAL INCREASE (DECREASE) IN NET ASSETS	393,534,666		1,149,247		615,665		1,502,661		48,026,767
NET ASSETS
Beginning of period	1,205,420,916		38,256,152		28,580,531		149,134,863		795,758,980
End of period	$	1,598,955,582	$	39,405,399	$	29,196,196	$	150,637,524	$	843,785,747
Beginning units	60,620,266		1,528,355		1,750,414		9,364,242		38,270,208
Units issued	22,187,317		184,079		218,224		997,259		1,860,325
Units redeemed	(10,414,060)		(332,330)		(341,592)		(1,839,920)		(4,965,921)
Ending units	72,393,523		1,380,104		1,627,046		8,521,581		35,164,612

The accompanying notes are an integral part of these financial statements.

A46

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio		AST Preservation Asset Allocation Portfolio		AST Fidelity Institutional AM® Quantitative Portfolio		AST Prudential Growth Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		10/15/2021**		12/31/2021
OPERATIONS
Net investment income (loss)	$	(4,132,256)	$	(11,560,108)	$	(7,029,709)	$	(4,597,203)	$	(16,691,756)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	12,978,186		56,252,821		30,697,669		144,663,838		64,340,942
Net change in unrealized appreciation (depreciation) on investments	17,265,403		37,900,073		(1,897,994)		(109,289,452)		111,254,273
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	26,111,333		82,592,786		21,769,966		30,777,183		158,903,459
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	127,881		961,124		1,975,605		78,355		470,511
Annuity payments	(49,059)		(425,747)		(328,555)		(16,033)		(308,898)
Surrenders, withdrawals and death benefits	(19,883,817)		(67,231,795)		(41,802,340)		(21,746,040)		(86,591,083)
Net transfers between other subaccounts
or fixed rate option	(5,658,458)		(12,950,539)		606,664		(394,344,425)		(21,483,775)
Miscellaneous transactions	(5,420)		(35,644)		(24,833)		953		(24,334)
Other charges	(2,344,371)		(7,490,090)		(4,847,074)		(3,251,832)		(12,273,396)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(27,813,244)		(87,172,691)		(44,420,533)		(419,279,022)		(120,210,975)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,701,911)		(4,579,905)		(22,650,567)		(388,501,839)		38,692,484
NET ASSETS
Beginning of period	257,723,901		774,354,120		485,013,286		388,501,839		1,106,366,442
End of period	$	256,021,990	$	769,774,215	$	462,362,719	$	—	$	1,145,058,926
Beginning units	17,948,957		40,432,198		29,998,214		23,005,944		59,218,690
Units issued	1,517,793		2,079,658		3,512,804		1,496,690		3,885,438
Units redeemed	(3,421,548)		(6,467,269)		(6,363,543)		(24,502,634)		(10,063,380)
Ending units	16,045,202		36,044,587		27,147,475		—		53,040,748

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A47

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Advanced Strategies Portfolio		AST T. Rowe Price Large-Cap Growth Portfolio		AST Government Money Market Portfolio		AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(9,707,149)	$	(1,598,828)	$	(510,065)	$	(437,492)	$	(2,751,041)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	54,865,376		15,676,654		—		4,387,015		4,613,725
Net change in unrealized appreciation (depreciation) on investments	30,925,419		5,571,685		—		(2,763,221)		(6,830,784)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	76,083,646		19,649,511		(510,065)		1,186,302		(4,968,100)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	295,899		5,464,410		6,992,528		760,970		2,576,031
Annuity payments	(186,560)		(11,429)		(12,441)		—		(82,064)
Surrenders, withdrawals and death benefits	(54,062,263)		(11,834,391)		(104,533,985)		(2,705,850)		(18,238,746)
Net transfers between other subaccounts
or fixed rate option	(12,318,858)		300,586		92,735,195		1,118,925		23,117,419
Miscellaneous transactions	(1,900)		5,208		5,120		3,073		2,975
Other charges	(6,873,530)		(961,685)		(268,427)		(249,881)		(1,787,279)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(73,147,212)		(7,037,301)		(5,082,010)		(1,072,763)		5,588,336
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,936,434		12,612,210		(5,592,075)		113,539		620,236
NET ASSETS
Beginning of period	650,283,383		125,572,430		53,122,582		33,902,124		199,391,118
End of period	$	653,219,817	$	138,184,640	$	47,530,507	$	34,015,663	$	200,011,354
Beginning units	32,733,264		2,941,444		5,655,035		903,204		15,205,472
Units issued	2,278,866		731,779		7,970,716		242,196		3,756,701
Units redeemed	(5,871,408)		(629,648)		(8,556,970)		(235,286)		(3,418,207)
Ending units	29,140,722		3,043,575		5,068,781		910,114		15,543,966

The accompanying notes are an integral part of these financial statements.

A48

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio		AST Western Asset Core Plus Bond Portfolio		AST Cohen & Steers Global Realty Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(171,388)	$	(343,576)	$	(1,083,643)	$	(1,755,748)	$	(131,131)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	756,596		2,777,190		2,301,368		3,498,345		658,450
Net change in unrealized appreciation (depreciation) on investments	339,074		770,214		(3,950,326)		(6,537,221)		1,720,566
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	924,282		3,203,828		(2,732,601)		(4,794,624)		2,247,885
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	383,600		795,610		—		2,318,950		189,417
Annuity payments	—		—		(133,197)		(23,630)		(31,359)
Surrenders, withdrawals and death benefits	(1,613,991)		(1,770,155)		(5,248,294)		(12,642,048)		(438,577)
Net transfers between other subaccounts
or fixed rate option	120,709		(280,004)		(2,878,665)		14,131,576		(742,322)
Miscellaneous transactions	1,970		8,951		144		1,166		330
Other charges	(103,590)		(232,174)		(970,020)		(1,166,914)		(80,801)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,211,302)		(1,477,772)		(9,230,032)		2,619,100		(1,103,312)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(287,020)		1,726,056		(11,962,633)		(2,175,524)		1,144,573
NET ASSETS
Beginning of period	14,824,392		28,471,435		84,250,993		137,137,998		9,327,365
End of period	$	14,537,372	$	30,197,491	$	72,288,360	$	134,962,474	$	10,471,938
Beginning units	1,158,732		1,291,440		4,906,327		9,361,656		552,177
Units issued	201,999		272,520		4,158,280		2,385,352		68,672
Units redeemed	(299,499)		(322,001)		(4,697,796)		(2,208,167)		(122,745)
Ending units	1,061,232		1,241,959		4,366,811		9,538,841		498,104

The accompanying notes are an integral part of these financial statements.

A49

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST AllianzGI World Trends Portfolio		AST J.P. Morgan Global Thematic Portfolio		AST Goldman Sachs Multi-Asset Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		2/19/2021**
OPERATIONS
Net investment income (loss)	$	(430,047)	$	(487,997)	$	(6,078,947)	$	(3,557,708)	$	(449,152)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,769,310		4,637,974		26,550,742		15,866,032		50,136,031
Net change in unrealized appreciation (depreciation) on investments	(1,648,410)		4,468,150		17,456,112		12,517,776		(46,003,816)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(309,147)		8,618,127		37,927,907		24,826,100		3,683,063
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	384,467		598,677		134,812		92,783		15,573
Annuity payments	(11,607)		(13,172)		(17,601)		(84,857)		(9,469)
Surrenders, withdrawals and death benefits	(2,310,800)		(2,655,497)		(31,998,271)		(15,103,112)		(2,029,369)
Net transfers between other subaccounts
or fixed rate option	1,785,175		(4,728,426)		(5,328,156)		(4,200,816)		(221,380,881)
Miscellaneous transactions	6,651		564		132		(936)		(107)
Other charges	(307,953)		(317,238)		(4,531,135)		(2,625,292)		(338,011)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(454,067)		(7,115,092)		(41,740,219)		(21,922,230)		(223,742,264)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(763,214)		1,503,035		(3,812,312)		2,903,870		(220,059,201)
NET ASSETS
Beginning of period	32,397,019		36,839,870		411,854,914		237,985,653		220,059,201
End of period	$	31,633,805	$	38,342,905	$	408,042,602	$	240,889,523	$	—
Beginning units	2,954,029		1,573,285		24,256,955		12,961,729		14,921,715
Units issued	601,829		224,719		1,582,486		939,103		110,112
Units redeemed	(649,901)		(462,995)		(4,007,196)		(2,106,818)		(15,031,827)
Ending units	2,905,957		1,335,009		21,832,245		11,794,014		—

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A50

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care		ProFund VP Industrials
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(8,778)	$	(969)	$	(3,884)	$	(6,238)	$	(6,689)
Capital gains distributions received	46,984		5,516		22,231		38,130		24,120
Net realized gain (loss) on shares redeemed	779		3,877		24,109		7,041		15,031
Net change in unrealized appreciation (depreciation) on investments	11,403		7,334		40,934		45,693		28,226
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	50,388		15,758		83,390		84,626		60,688
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(44,413)		(1,326)		(378)		(17,127)		(22,982)
Net transfers between other subaccounts
or fixed rate option	76,993		2,533		(48,915)		16,971		13,925
Miscellaneous transactions	25		—		—		(3)		—
Other charges	(4,486)		(844)		(2,962)		(3,740)		(3,585)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	28,119		363		(52,255)		(3,899)		(12,642)
TOTAL INCREASE (DECREASE) IN NET ASSETS	78,507		16,121		31,135		80,727		48,046
NET ASSETS
Beginning of period	536,860		80,593		315,915		413,381		408,033
End of period	$	615,367	$	96,714	$	347,050	$	494,108	$	456,079
Beginning units	15,125		2,988		22,762		12,837		16,987
Units issued	2,110		521		382		1,200		1,465
Units redeemed	(2,702)		(468)		(3,631)		(1,772)		(1,895)
Ending units	14,533		3,041		19,513		12,265		16,557

The accompanying notes are an integral part of these financial statements.

A51

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth		ProFund VP Small-Cap Value
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(1,995)	$	(3,280)	$	(2,627)	$	(1,490)	$	(3,225)
Capital gains distributions received	11,046		—		—		6,468		—
Net realized gain (loss) on shares redeemed	2,620		11,857		5,209		3,009		12,933
Net change in unrealized appreciation (depreciation) on investments	6,347		51,961		52,312		8,121		42,639
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	18,018		60,538		54,894		16,108		52,347
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,838)		(6,633)		—		(3,558)		(5,513)
Net transfers between other subaccounts
or fixed rate option	10,816		(11,898)		(8,342)		5,717		(13,090)
Miscellaneous transactions	—		—		—		—		—
Other charges	(1,244)		(2,221)		(1,491)		(774)		(1,912)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	7,734		(20,752)		(9,833)		1,385		(20,515)
TOTAL INCREASE (DECREASE) IN NET ASSETS	25,752		39,786		45,061		17,493		31,832
NET ASSETS
Beginning of period	111,529		231,965		151,362		86,840		196,347
End of period	$	137,281	$	271,751	$	196,423	$	104,333	$	228,179
Beginning units	4,434		12,031		10,418		3,255		9,974
Units issued	714		1,301		1,192		596		1,576
Units redeemed	(407)		(2,195)		(1,599)		(559)		(2,393)
Ending units	4,741		11,137		10,011		3,292		9,157

The accompanying notes are an integral part of these financial statements.

A52

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value		AST Jennison Large-Cap Growth Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(107)	$	34	$	(4,235)	$	(1,439)	$	(587,690)
Capital gains distributions received	—		—		37,265		—		—
Net realized gain (loss) on shares redeemed	312		(2,556)		10,492		2,950		6,323,688
Net change in unrealized appreciation (depreciation) on investments	3,879		28,145		25,535		44,111		1,266,787
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,084		25,623		69,057		45,622		7,002,785
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		1,227,926
Annuity payments	—		—		—		—		(896)
Surrenders, withdrawals and death benefits	—		(3,474)		(11,958)		(2,733)		(3,455,897)
Net transfers between other subaccounts
or fixed rate option	(1,274)		(3,269)		(19,824)		(2,193)		247,123
Miscellaneous transactions	—		—		—		—		19,545
Other charges	(259)		(1,695)		(2,803)		(2,179)		(346,524)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,533)		(8,438)		(34,585)		(7,105)		(2,308,723)
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,551		17,185		34,472		38,517		4,694,062
NET ASSETS
Beginning of period	25,131		191,183		256,168		217,014		48,527,289
End of period	$	27,682	$	208,368	$	290,640	$	255,531	$	53,221,351
Beginning units	2,046		10,928		8,034		13,011		1,206,007
Units issued	34		1,112		226		736		342,238
Units redeemed	(148)		(1,565)		(1,124)		(1,083)		(365,142)
Ending units	1,932		10,475		7,136		12,664		1,183,103

The accompanying notes are an integral part of these financial statements.

A53

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2021		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021**		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(119,704)	$	(97)	$	(11,810)	$	(110,969)	$	(581,925)
Capital gains distributions received	—		—		72,684		—		—
Net realized gain (loss) on shares redeemed	232,027		(1,582)		65,610		45,334		3,192,533
Net change in unrealized appreciation (depreciation) on investments	(266,548)		3,066		(36,628)		(102,416)		9,518,372
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(154,225)		1,387		89,856		(168,051)		12,128,980
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		8,632,964
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(889,527)		(705)		(143,700)		(1,257,611)		(4,448,905)
Net transfers between other subaccounts
or fixed rate option	(10,822,673)		(4,136)		—		7,508,859		(1,737,334)
Miscellaneous transactions	(47)		—		(25)		—		(6,088)
Other charges	(3,847)		(26)		—		(752)		(383,247)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(11,716,094)		(4,867)		(143,725)		6,250,496		2,057,390
TOTAL INCREASE (DECREASE) IN NET ASSETS	(11,870,319)		(3,480)		(53,869)		6,082,445		14,186,370
NET ASSETS
Beginning of period	11,870,319		21,509		688,610		2,327,866		81,045,515
End of period	$	—	$	18,029	$	634,741	$	8,410,311	$	95,231,885
Beginning units	921,797		1,191		91,466		190,309		4,800,421
Units issued	16,689		—		—		684,931		770,462
Units redeemed	(938,486)		(245)		(17,090)		(170,953)		(471,095)
Ending units	—		946		74,376		704,287		5,099,788

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A54

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST BlackRock Global Strategies Portfolio		Allspring VT Opportunity Fund (Class 1)		AST Prudential Core Bond Portfolio		AST Bond Portfolio 2023		AST MFS Growth Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(2,290,493)	$	(2,225)	$	(447,012)	$	(11,078)	$	(1,290,125)
Capital gains distributions received	—		7,734		—		—		—
Net realized gain (loss) on shares redeemed	8,366,874		12,873		740,698		5,753		4,687,507
Net change in unrealized appreciation (depreciation) on investments	8,703,823		13,287		(1,382,291)		(14,315)		7,419,802
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	14,780,204		31,669		(1,088,605)		(19,640)		10,817,184
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	155,206		—		1,441,666		—		224,255
Annuity payments	(157,367)		—		(21,750)		—		(25,805)
Surrenders, withdrawals and death benefits	(10,739,250)		(32,020)		(4,070,592)		—		(6,457,060)
Net transfers between other subaccounts
or fixed rate option	(184,849)		—		2,012,443		(40,445)		2,656,150
Miscellaneous transactions	(7,325)		—		922		2		11,875
Other charges	(1,667,784)		(12)		(303,381)		(233)		(1,009,079)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(12,601,369)		(32,032)		(940,692)		(40,676)		(4,599,664)
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,178,835		(363)		(2,029,297)		(60,316)		6,217,520
NET ASSETS
Beginning of period	151,787,342		147,051		44,783,920		538,986		84,183,518
End of period	$	153,966,177	$	146,688	$	42,754,623	$	478,670	$	90,401,038
Beginning units	10,815,664		4,862		3,603,781		50,910		5,116,834
Units issued	1,019,929		—		894,956		2,001		591,565
Units redeemed	(1,907,793)		(919)		(971,043)		(5,862)		(867,015)
Ending units	9,927,800		3,943		3,527,694		47,049		4,841,384

The accompanying notes are an integral part of these financial statements.

A55

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Western Asset Emerging Markets Debt Portfolio		AST MFS Large-Cap Value Portfolio		AST Bond Portfolio 2024		AST ClearBridge Dividend Growth Portfolio		AST Multi-Sector Fixed Income Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(9,753)	$	(303,591)	$	(1,133)	$	(256,690)	$	(44,219,948)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	25,150		1,947,409		10,642		1,530,127		49,751,034
Net change in unrealized appreciation (depreciation) on investments	(70,286)		4,021,782		(12,005)		3,286,760		(61,712,826)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(54,889)		5,665,600		(2,496)		4,560,197		(56,181,740)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	370,525		1,729,398		—		246,937		464,385
Annuity payments	—		—		—		(13,955)		(816,965)
Surrenders, withdrawals and death benefits	(153,216)		(2,577,601)		(2,420)		(1,469,469)		(154,075,280)
Net transfers between other subaccounts
or fixed rate option	89,022		796,244		(237,432)		479,884		—
Miscellaneous transactions	104		(3,406)		(2)		(1,131)		5,196
Other charges	(6,576)		(192,871)		—		(158,828)		(271,627)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	299,859		(248,236)		(239,854)		(916,562)		(154,694,291)
TOTAL INCREASE (DECREASE) IN NET ASSETS	244,970		5,417,364		(242,350)		3,643,635		(210,876,031)
NET ASSETS
Beginning of period	1,344,252		23,229,354		242,350		19,093,925		2,445,519,290
End of period	$	1,589,222	$	28,646,718	$	—	$	22,737,560	$	2,234,643,259
Beginning units	109,805		1,175,516		22,282		971,933		182,478,928
Units issued	49,256		433,608		1,946		216,087		509,369
Units redeemed	(21,560)		(384,177)		(24,228)		(254,688)		(12,361,022)
Ending units	137,501		1,224,947		—		933,332		170,627,275

The accompanying notes are an integral part of these financial statements.

A56

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Large-Cap Core Portfolio		AST Bond Portfolio 2025		AST T. Rowe Price Growth Opportunities Portfolio		AST T. Rowe Price Diversified Real Growth Portfolio		AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(126,256)	$	(1,411)	$	(4,288,567)	$	(112,807)	$	(139,514)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	268,568		4,340		7,281,123		543,816		721,973
Net change in unrealized appreciation (depreciation) on investments	2,945,096		(8,473)		35,118,829		1,661,466		2,186,902
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	3,087,408		(5,544)		38,111,385		2,092,475		2,769,361
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	456,893		—		563,979		682,033		998,625
Annuity payments	—		—		—		—		(17,226)
Surrenders, withdrawals and death benefits	(638,584)		—		(8,228,693)		(990,877)		(1,659,979)
Net transfers between other subaccounts
or fixed rate option	33,734,608		(53,617)		(6,096,722)		(281,653)		(574,793)
Miscellaneous transactions	(5,516)		6		(5,827)		474		(42)
Other charges	(78,790)		(2)		(3,564,861)		(86,505)		(114,111)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	33,468,611		(53,613)		(17,332,124)		(676,528)		(1,367,526)
TOTAL INCREASE (DECREASE) IN NET ASSETS	36,556,019		(59,157)		20,779,261		1,415,947		1,401,835
NET ASSETS
Beginning of period	4,939,712		221,952		278,302,744		17,221,255		22,539,749
End of period	$	41,495,731	$	162,795	$	299,082,005	$	18,637,202	$	23,941,584
Beginning units	266,663		17,344		17,091,326		1,069,488		1,588,378
Units issued	1,442,830		13,466		140,961		53,307		101,773
Units redeemed	(111,958)		(17,345)		(1,127,000)		(85,101)		(177,104)
Ending units	1,597,535		13,465		16,105,287		1,037,694		1,513,047

The accompanying notes are an integral part of these financial statements.

A57

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Franklin 85/15 Diversified Allocation Portfolio		AST Bond Portfolio 2026		AST Global Bond Portfolio		AST QMA International Core Equity Portfolio		BlackRock Global Allocation V.I. Fund (Class III)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(895,823)	$	(18,012)	$	(242,312)	$	(11,288)	$	19,983
Capital gains distributions received	—		—		—		—		1,453,442
Net realized gain (loss) on shares redeemed	1,748,272		56,096		(5,058)		35,718		60,092
Net change in unrealized appreciation (depreciation) on investments	9,640,072		(95,042)		(338,303)		157,003		(1,077,339)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	10,492,521		(56,958)		(585,673)		181,433		456,178
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	48,687		—		1,149,367		206,531		696,895
Annuity payments	—		—		(6,134)		(18,113)		—
Surrenders, withdrawals and death benefits	(2,183,925)		(41,823)		(1,337,002)		(94,436)		(265,294)
Net transfers between other subaccounts
or fixed rate option	293,917		(901,421)		1,553,154		407,170		106,719
Miscellaneous transactions	(4,516)		(17)		1,391		70		446
Other charges	(743,227)		(63)		(173,335)		(8,817)		(39,505)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,589,064)		(943,324)		1,187,441		492,405		499,261
TOTAL INCREASE (DECREASE) IN NET ASSETS	7,903,457		(1,000,282)		601,768		673,838		955,439
NET ASSETS
Beginning of period	55,185,517		1,425,981		24,090,348		1,362,323		7,827,553
End of period	$	63,088,974	$	425,699	$	24,692,116	$	2,036,161	$	8,782,992
Beginning units	4,164,590		125,920		2,227,905		113,498		533,059
Units issued	195,587		15,695		455,109		55,299		67,061
Units redeemed	(364,054)		(101,523)		(336,425)		(15,222)		(26,961)
Ending units	3,996,123		40,092		2,346,589		153,575		573,159

The accompanying notes are an integral part of these financial statements.

A58

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)		AST Bond Portfolio 2027		NVIT Emerging Markets Fund (Class D)		AST Bond Portfolio 2028		AST Bond Portfolio 2029
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	66,189	$	(25,290)	$	(2,669)	$	(50,848)	$	—
Capital gains distributions received	10,898		—		—		—		—
Net realized gain (loss) on shares redeemed	12,415		8,542		17,761		(4,263)		—
Net change in unrealized appreciation (depreciation) on investments	132,411		(63,960)		(52,198)		(41,905)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	221,913		(80,708)		(37,106)		(97,016)		—
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	659,243		—		237		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(80,249)		(200,022)		(20,657)		(69,902)		—
Net transfers between other subaccounts
or fixed rate option	48,721		(284,231)		21,199		5,272,995		—
Miscellaneous transactions	5		(365)		(1)		41		—
Other charges	(16,276)		(405)		(877)		(42)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	611,444		(485,023)		(99)		5,203,092		—
TOTAL INCREASE (DECREASE) IN NET ASSETS	833,357		(565,731)		(37,205)		5,106,076		—
NET ASSETS
Beginning of period	2,647,241		1,648,861		383,643		—		—
End of period	$	3,480,598	$	1,083,130	$	346,438	$	5,106,076	$	—
Beginning units	208,101		143,889		26,176		—		—
Units issued	63,774		49,274		5,782		538,914		—
Units redeemed	(8,606)		(92,043)		(5,969)		(76,935)		—
Ending units	263,269		101,120		25,989		461,979		—

The accompanying notes are an integral part of these financial statements.

A59

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio		AST Bond Portfolio 2030		AST BlackRock 80/20 Target Allocation ETF Portfolio		AST BlackRock 60/40 Target Allocation ETF Portfolio		AST Dimensional Global Core Allocation Portfolio
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		10/15/2021**
OPERATIONS
Net investment income (loss)	$	(1,416,807)	$	(131,392)	$	(648,781)	$	(429,526)	$	(6,055)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,673,244		34,946		693,940		263,825		155,927
Net change in unrealized appreciation (depreciation) on investments	12,059,851		(452,593)		5,886,316		2,974,418		(88,371)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	12,316,288		(549,039)		5,931,475		2,808,717		61,501
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	94,000		—		85,496		44,248		14,940
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,108,102)		(364,090)		(369,491)		(293,201)		(1,060)
Net transfers between other subaccounts
or fixed rate option	(1,077,909)		(5,384,932)		(702,545)		149,751		(555,270)
Miscellaneous transactions	810		(10)		(127)		140		87
Other charges	(1,191,666)		(1,198)		(534,157)		(314,897)		(4,635)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(3,282,867)		(5,750,230)		(1,520,824)		(413,959)		(545,938)
TOTAL INCREASE (DECREASE) IN NET ASSETS	9,033,421		(6,299,269)		4,410,651		2,394,758		(484,437)
NET ASSETS
Beginning of period	95,070,192		9,566,107		42,221,376		28,276,653		484,437
End of period	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	—
Beginning units	6,928,435		759,266		2,971,037		2,107,735		41,591
Units issued	71,928		132,975		25,359		23,785		1,964
Units redeemed	(294,175)		(616,595)		(126,114)		(52,813)		(43,555)
Ending units	6,706,188		275,646		2,870,282		2,078,707		—

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A60

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	AST Bond Portfolio 2031		MFS® International Growth Portfolio (Service Shares)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares)		MFS® Technology Portfolio (Service Shares)		MFS® Mid Cap Growth Series (Service Shares)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(253,746)	$	(405)	$	(463)	$	(14,800)	$	(4,657)
Capital gains distributions received	—		16,129		14,489		151,465		206,066
Net realized gain (loss) on shares redeemed	(347,637)		10,620		260		82,151		2,621
Net change in unrealized appreciation (depreciation) on investments	10,252		(211)		7,293		68,334		(86,043)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(591,131)		26,133		21,579		287,150		117,987
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		335,921		61,210		1,612,913		360,139
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,415,559)		(3,532)		—		(115,696)		(11,314)
Net transfers between other subaccounts
or fixed rate option	2,664,527		31,316		(1,249)		343,585		196,310
Miscellaneous transactions	1,139		158		—		511		210
Other charges	(4,450)		(1,517)		(411)		(11,388)		(3,850)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,245,657		362,346		59,550		1,829,925		541,495
TOTAL INCREASE (DECREASE) IN NET ASSETS	654,526		388,479		81,129		2,117,075		659,482
NET ASSETS
Beginning of period	10,389,075		216,140		56,355		1,505,662		442,517
End of period	$	11,043,601	$	604,619	$	137,484	$	3,622,737	$	1,101,999
Beginning units	936,440		16,037		4,158		103,041		29,936
Units issued	1,389,181		36,802		4,076		176,901		41,532
Units redeemed	(1,258,570)		(11,470)		(121)		(60,189)		(5,661)
Ending units	1,067,051		41,369		8,113		219,753		65,807

The accompanying notes are an integral part of these financial statements.

A61

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® New Discovery Series (Service Shares)		MFS® Research Series (Service Shares)		MFS® Total Return Bond Series (Service Shares)		MFS® Total Return Series (Service Shares)		MFS® Utilities Series (Service Shares)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(1,906)	$	(278)	$	48,815	$	8,618	$	13,221
Capital gains distributions received	58,092		8,042		187		39,890		44,124
Net realized gain (loss) on shares redeemed	26,983		1,420		(8,934)		1,997		3,635
Net change in unrealized appreciation (depreciation) on investments	(88,991)		19,540		(83,714)		36,901		108,341
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(5,822)		28,724		(43,646)		87,406		169,321
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	311,410		2,729		2,302,642		322,631		1,030,857
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(7,282)		(2,345)		(53,167)		(14,758)		(21,861)
Net transfers between other subaccounts
or fixed rate option	(51,322)		16		(690,044)		137,760		29,607
Miscellaneous transactions	(737)		—		(71)		(9)		34
Other charges	(1,518)		(615)		(10,938)		(3,784)		(4,929)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	250,551		(215)		1,548,422		441,840		1,033,708
TOTAL INCREASE (DECREASE) IN NET ASSETS	244,729		28,509		1,504,776		529,246		1,203,029
NET ASSETS
Beginning of period	207,358		122,177		1,813,686		517,988		703,006
End of period	$	452,087	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035
Beginning units	12,396		9,411		168,993		43,182		57,842
Units issued	29,479		934		252,830		35,567		84,627
Units redeemed	(15,130)		(973)		(107,695)		(1,640)		(3,940)
Ending units	26,745		9,372		314,128		77,109		138,529

The accompanying notes are an integral part of these financial statements.

A62

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS Asset Allocation Fund (Class 4)		American Funds IS Washington Mutual Investors Fund (Class 4)		American Funds IS The Bond Fund of America (Class 4)		American Funds IS Capital World Growth and Income Fund (Class 4)		American Funds IS Global Small Capitalization Fund (Class 4)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	22,936	$	12,045	$	14,439	$	5,628	$	(922)
Capital gains distributions received	51,500		—		25,743		8,704		4,555
Net realized gain (loss) on shares redeemed	6,806		4,719		(3,168)		5,141		490
Net change in unrealized appreciation (depreciation) on investments	137,516		181,129		(43,187)		15,678		(480)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	218,758		197,893		(6,173)		35,151		3,643
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,432,852		1,108,839		1,156,181		326,526		87,674
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(16,585)		(15,786)		(15,015)		(433)		(2,048)
Net transfers between other subaccounts
or fixed rate option	410,740		135,518		537,410		143,649		126,639
Miscellaneous transactions	(130)		(208)		722		46		84
Other charges	(8,687)		(3,832)		(3,737)		(1,582)		(729)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,818,190		1,224,531		1,675,561		468,206		211,620
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,036,948		1,422,424		1,669,388		503,357		215,263
NET ASSETS
Beginning of period	863,601		246,199		246,685		55,275		40,117
End of period	$	2,900,549	$	1,668,623	$	1,916,073	$	558,632	$	255,380
Beginning units	79,392		22,137		24,352		4,869		3,223
Units issued	161,803		100,287		188,264		41,501		16,742
Units redeemed	(7,657)		(4,094)		(21,333)		(3,136)		(600)
Ending units	233,538		118,330		191,283		43,234		19,365

The accompanying notes are an integral part of these financial statements.

A63

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS Growth Fund (Class 4)		American Funds IS Growth-Income Fund (Class 4)		American Funds IS International Fund (Class 4)		American Funds IS New World Fund® (Class 4)		BlackRock Advantage Large Cap Core V.I. Fund (Class III)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(18,840)	$	4,508	$	3,587	$	1,477	$	(2,013)
Capital gains distributions received	425,229		7,695		—		15,771		251,819
Net realized gain (loss) on shares redeemed	22,357		6,373		145		2,713		13,466
Net change in unrealized appreciation (depreciation) on investments	202,214		141,157		(9,656)		(17,107)		(173,442)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	630,960		159,733		(5,924)		2,854		89,830
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,017,477		556,486		137,979		508,702		290,774
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(37,221)		(16,098)		(792)		(11,329)		(9,675)
Net transfers between other subaccounts
or fixed rate option	599,304		143,757		9,445		5,726		79,746
Miscellaneous transactions	(4,022)		647		4		303		311
Other charges	(16,354)		(3,821)		(445)		(2,177)		(2,111)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,559,184		680,971		146,191		501,225		359,045
TOTAL INCREASE (DECREASE) IN NET ASSETS	3,190,144		840,704		140,267		504,079		448,875
NET ASSETS
Beginning of period	1,917,701		348,887		35,992		248,718		191,104
End of period	$	5,107,845	$	1,189,591	$	176,259	$	752,797	$	639,979
Beginning units	156,674		31,538		3,003		20,854		17,016
Units issued	220,427		60,867		12,308		45,251		46,043
Units redeemed	(32,251)		(5,048)		(268)		(5,449)		(18,296)
Ending units	344,850		87,357		15,043		60,656		44,763

The accompanying notes are an integral part of these financial statements.

A64

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	BlackRock Advantage Large Cap Value V.I. Fund (Class III)		BlackRock Capital Appreciation V.I. Fund (Class III)		BlackRock Equity Dividend V.I. Fund (Class III)		BlackRock Large Cap Focus Growth V.I. Fund (Class III)		Fidelity® VIP Balanced Portfolio (Service Class 2)
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/1/2021
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	9,704	$	(2,279)	$	5,708	$	(3,209)	$	9,741
Capital gains distributions received	156,233		110,121		135,609		228,061		201,695
Net realized gain (loss) on shares redeemed	3,431		(569)		5,661		16,971		10,467
Net change in unrealized appreciation (depreciation) on investments	(106,881)		(42,443)		(71,563)		(151,821)		225,067
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	62,487		64,830		75,415		90,002		446,970
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	745,414		350,309		373,080		1,444,125		2,090,302
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(12,010)		(14,019)		(12,853)		(71,018)		(19,494)
Net transfers between other subaccounts
or fixed rate option	168,206		47,390		544,583		120,941		628,248
Miscellaneous transactions	112		(151)		897		1,273		1,506
Other charges	(1,706)		(1,880)		(3,291)		(2,309)		(12,988)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	900,016		381,649		902,416		1,493,012		2,687,574
TOTAL INCREASE (DECREASE) IN NET ASSETS	962,503		446,479		977,831		1,583,014		3,134,544
NET ASSETS
Beginning of period	35,886		143,393		174,113		212,074		1,553,920
End of period	$	998,389	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464
Beginning units	3,189		12,364		15,451		18,598		139,140
Units issued	75,920		36,560		90,518		148,929		226,686
Units redeemed	(8,514)		(6,620)		(20,557)		(33,224)		(8,042)
Ending units	70,595		42,304		85,412		134,303		357,784

The accompanying notes are an integral part of these financial statements.

A65

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP Contrafund® Portfolio (Service Class 2)		Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)		Fidelity® VIP Health Care Portfolio (Service Class 2)		BlackRock Basic Value V.I. Fund (Class III)		AST Bond Portfolio 2032
	1/1/2021		1/1/2021		1/1/2021		1/1/2021		1/4/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(21,292)	$	(12,200)	$	(14,996)	$	1,788	$	(30,182)
Capital gains distributions received	510,289		139,127		130,718		35,275		—
Net realized gain (loss) on shares redeemed	36,311		121,895		(642)		11,900		8,468
Net change in unrealized appreciation (depreciation) on investments	353,447		(93,594)		130,448		(24,222)		23,319
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	878,755		155,228		245,528		24,741		1,605
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,841,974		1,894,193		1,525,637		97,912		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(150,357)		(267,591)		(53,840)		—		(92,134)
Net transfers between other subaccounts
or fixed rate option	256,084		(177,982)		248,900		66,518		5,861,171
Miscellaneous transactions	(333)		1,849		1,755		—		—
Other charges	(17,405)		(9,375)		(12,491)		(768)		(15)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,929,963		1,441,094		1,709,961		163,662		5,769,022
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,808,718		1,596,322		1,955,489		188,403		5,770,627
NET ASSETS
Beginning of period	2,198,712		1,388,804		1,640,071		59,877		—
End of period	$	5,007,430	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627
Beginning units	200,150		112,248		150,518		5,206		—
Units issued	205,275		259,809		172,577		23,443		769,895
Units redeemed	(45,866)		(154,838)		(25,264)		(10,773)		(148,454)
Ending units	359,559		217,219		297,831		17,876		621,441

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A66

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF Global Portfolio (Class III)		PSF Mid-Cap Growth Portfolio (Class III)		PSF Natural Resources Portfolio (Class III)		PSF PGIM 50/50 Balanced Portfolio (Class III)		PSF PGIM Flexible Managed Portfolio (Class III)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(14)	$	(524)	$	(454)	$	(1,041)	$	(492)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(12)		2,450		(114)		557		492
Net change in unrealized appreciation (depreciation) on investments	132		824		8,211		20,444		10,066
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	106		2,750		7,643		19,960		10,066
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	17,353		274,729		238,984		822,524		400,761
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,501)		—		(1,143)		(14,849)		(3,363)
Net transfers between other subaccounts
or fixed rate option	—		(4,364)		76,002		(3,197)		(197)
Miscellaneous transactions	(106)		(2,156)		11		53		(339)
Other charges	(6)		(317)		(317)		(514)		(207)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	15,740		267,892		313,537		804,017		396,655
TOTAL INCREASE (DECREASE) IN NET ASSETS	15,846		270,642		321,180		823,977		406,721
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	15,846	$	270,642	$	321,180	$	823,977	$	406,721
Beginning units	—		—		—		—		—
Units issued	1,637		37,630		33,103		84,694		40,667
Units redeemed	(148)		(11,204)		(3,884)		(7,945)		(2,938)
Ending units	1,489		26,426		29,219		76,749		37,729

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A67

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class III)		PSF PGIM High Yield Bond Portfolio (Class III)		PSF PGIM Jennison Blend Portfolio (Class III)		PSF PGIM Jennison Focused Blend Portfolio (Class III)		PSF PGIM Jennison Growth Portfolio (Class III)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(170)	$	(2,571)	$	(259)	$	(13)	$	(1,697)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(349)		320		27		3		1,072
Net change in unrealized appreciation (depreciation) on investments	(1,067)		20,895		6,954		(299)		13,424
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,586)		18,644		6,722		(309)		12,799
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	73,729		996,354		168,432		11,637		877,027
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(24,543)		(7,593)		(112)		—		(1,215)
Net transfers between other subaccounts
or fixed rate option	46,801		412,627		—		—		116,013
Miscellaneous transactions	(12)		31		(123)		(31)		137
Other charges	(88)		(1,917)		(179)		(2)		(1,154)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	95,887		1,399,502		168,018		11,604		990,808
TOTAL INCREASE (DECREASE) IN NET ASSETS	94,301		1,418,146		174,740		11,295		1,003,607
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	94,301	$	1,418,146	$	174,740	$	11,295	$	1,003,607
Beginning units	—		—		—		—		—
Units issued	12,044		139,842		15,740		1,064		96,092
Units redeemed	(2,485)		(2,834)		(31)		(6)		(5,345)
Ending units	9,559		137,008		15,709		1,058		90,747

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A68

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	PSF PGIM Jennison Value Portfolio (Class III)		PSF PGIM Total Return Bond Portfolio (Class III)		PSF Small-Cap Stock Index Portfolio (Class III)		PSF Stock Index Portfolio (Class III)		MFS® Investors Trust Series (Service Shares)
	4/26/2021*		4/26/2021*		4/26/2021*		4/26/2021*		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(427)	$	(2,180)	$	(2,350)	$	(9,319)	$	11
Capital gains distributions received	—		—		—		—		646
Net realized gain (loss) on shares redeemed	121		(91)		474		4,785		2
Net change in unrealized appreciation (depreciation) on investments	13,741		3,591		37,479		419,480		1,107
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	13,435		1,320		35,603		414,946		1,766
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	153,808		1,487,991		1,125,868		3,741,505		9,488
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,828)		(1,957)		(4,732)		(12,080)		—
Net transfers between other subaccounts
or fixed rate option	69,897		74,139		70,730		772,230		38,250
Miscellaneous transactions	(22)		64		474		277		—
Other charges	(291)		(1,197)		(1,478)		(5,589)		(41)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	221,564		1,559,040		1,190,862		4,496,343		47,697
TOTAL INCREASE (DECREASE) IN NET ASSETS	234,999		1,560,360		1,226,465		4,911,289		49,463
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	234,999	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463
Beginning units	—		—		—		—		—
Units issued	21,489		159,103		123,518		436,146		3,020
Units redeemed	(272)		(5,375)		(5,532)		(6,144)		(3)
Ending units	21,217		153,728		117,986		430,002		3,017

*Date subaccount became available for investment.

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A69

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	MFS® International Intrinsic Value Portfolio (Initial Class)		MFS® Mid Cap Growth Series (Initial Class)		Western Asset Core Plus VIT Portfolio (Class I)		ClearBridge Variable Small Cap Growth Portfolio (Class I)		ClearBridge Variable Large Cap Growth Portfolio (Class I)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	13	$	(29)	$	661	$	(60)	$	(147)
Capital gains distributions received	279		3,500		—		2,729		3,879
Net realized gain (loss) on shares redeemed	57		(377)		10		74		10
Net change in unrealized appreciation (depreciation) on investments	758		(1,452)		(1,045)		(944)		4,158
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,107		1,642		(374)		1,799		7,900
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	45,579		17,342		34,685		55,040		56,772
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(2,075)		(3,546)		(6,535)		(1,742)		—
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—
Miscellaneous transactions	—		—		—		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	43,504		13,796		28,150		53,298		56,772
TOTAL INCREASE (DECREASE) IN NET ASSETS	44,611		15,438		27,776		55,097		64,672
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	44,611	$	15,438	$	27,776	$	55,097	$	64,672
Beginning units	—		—		—		—		—
Units issued	3,559		1,313		3,300		3,720		4,321
Units redeemed	(159)		(247)		(621)		(113)		—
Ending units	3,400		1,066		2,679		3,607		4,321

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A70

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)		Fidelity® VIP Mid Cap Portfolio (Initial Class)		Fidelity® VIP Emerging Markets Portfolio (Initial Class)		DFA VA U.S. Targeted Value Portfolio		BlackRock Large Cap Focus Growth V.I. Fund (Class I)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(24)	$	228	$	1,582	$	50	$	(677)
Capital gains distributions received	296		10,840		6,579		434		46,240
Net realized gain (loss) on shares redeemed	173		122		(113)		87		750
Net change in unrealized appreciation (depreciation) on investments	883		(5,104)		(13,627)		1,608		(21,524)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,328		6,086		(5,579)		2,179		24,789
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	45,579		69,956		98,727		47,136		334,502
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(2,129)		(1,200)		(2,770)		(1,387)		(7,858)
Net transfers between other subaccounts
or fixed rate option	—		(1,018)		2,542		—		(5,159)
Miscellaneous transactions	—		2		1		—		5
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	43,450		67,740		98,500		45,749		321,490
TOTAL INCREASE (DECREASE) IN NET ASSETS	44,778		73,826		92,921		47,928		346,279
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	44,778	$	73,826	$	92,921	$	47,928	$	346,279
Beginning units	—		—		—		—		—
Units issued	3,540		5,339		7,404		3,313		23,441
Units redeemed	(159)		(229)		(207)		(101)		(886)
Ending units	3,381		5,110		7,197		3,212		22,555

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A71

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	American Funds IS U.S. Government Securities Fund (Class 1)		American Funds IS The Bond Fund of America (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	1,207	$	146	$	(1,077)	$	(1,155)	$	(107)
Capital gains distributions received	10,166		—		—		—		—
Net realized gain (loss) on shares redeemed	(190)		(1)		(85)		486		(1)
Net change in unrealized appreciation (depreciation) on investments	(9,930)		(270)		(12,478)		23,251		(355)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,253		(125)		(13,640)		22,582		(463)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	116,594		17,342		209,869		213,194		24,330
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(2,008)		(3,259)		(3,505)		(3,543)		—
Net transfers between other subaccounts
or fixed rate option	2,061		—		3,146		(3,211)		—
Miscellaneous transactions	—		—		(1)		2		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	116,647		14,083		209,509		206,442		24,330
TOTAL INCREASE (DECREASE) IN NET ASSETS	117,900		13,958		195,869		229,024		23,867
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	117,900	$	13,958	$	195,869	$	229,024	$	23,867
Beginning units	—		—		—		—		—
Units issued	11,273		1,628		13,428		16,645		1,968
Units redeemed	(196)		(307)		(229)		(507)		—
Ending units	11,077		1,321		13,199		16,138		1,968

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A72

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNTS
	Vanguard Mid-Cap Index Portfolio		Vanguard Equity Index Portfolio		MFS® Total Return Bond Series (Initial Class)		Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)		MFS® New Discovery Series (Initial Class)
	1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***		1/1/2021***
	to		to		to		to		to
	12/31/2021		12/31/2021		12/31/2021		12/31/2021		12/31/2021
OPERATIONS
Net investment income (loss)	$	(116)	$	(231)	$	435	$	1,615	$	(163)
Capital gains distributions received	—		—		1		1,921		9,028
Net realized gain (loss) on shares redeemed	4		16		(88)		27		(66)
Net change in unrealized appreciation (depreciation) on investments	4,306		6,868		(499)		(2,225)		(10,563)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,194		6,653		(151)		1,338		(1,764)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	136,818		48,660		17,342		116,594		58,297
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		—		(3,261)		(2,013)		(1,005)
Net transfers between other subaccounts
or fixed rate option	—		—		—		1,991		(911)
Miscellaneous transactions	—		—		—		—		1
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	136,818		48,660		14,081		116,572		56,382
TOTAL INCREASE (DECREASE) IN NET ASSETS	141,012		55,313		13,930		117,910		54,618
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	141,012	$	55,313	$	13,930	$	117,910	$	54,618
Beginning units	—		—		—		—		—
Units issued	10,063		3,823		1,651		11,409		4,007
Units redeemed	—		—		(311)		(210)		(139)
Ending units	10,063		3,823		1,340		11,199		3,868

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A73

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2021

	SUBACCOUNT
	ClearBridge Variable Dividend Strategy Portfolio (Class I)
	1/1/2021***
	to
	12/31/2021
OPERATIONS
Net investment income (loss)	$	151
Capital gains distributions received	1,333
Net realized gain (loss) on shares redeemed	172
Net change in unrealized appreciation (depreciation) on investments	2,723
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,379
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	141,408
Annuity payments	—
Surrenders, withdrawals and death benefits	(4,084)
Net transfers between other subaccounts
or fixed rate option	—
Miscellaneous transactions	—
Other charges	—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	137,324
TOTAL INCREASE (DECREASE) IN NET ASSETS	141,703
NET ASSETS
Beginning of period	—
End of period	$	141,703
Beginning units	—
Units issued	10,941
Units redeemed	(330)
Ending units	10,611

***Subaccount became available for investment prior to 2021 but had no activity until 2021.

The accompanying notes are an integral part of these financial statements.

A74

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	PSF PGIM Government Money Market Portfolio (Class I)		PSF PGIM Total Return Bond Portfolio (Class I)		PSF PGIM Jennison Blend Portfolio (Class I)		PSF PGIM Jennison Value Portfolio (Class I)		PSF PGIM High Yield Bond Portfolio (Class I)
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(59,615)	$	(171,414)	$	(235,131)	$	(232,057)	$	(154,225)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		442,434		1,717,465		1,110,691		152,661
Net change in unrealized appreciation (depreciation) on investments	—		554,611		2,584,356		(867,162)		530,702
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(59,615)		825,631		4,066,690		11,472		529,138
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	87,046		50,336		13,403		36,780		55,582
Annuity payments	(31,584)		(82,772)		(330,725)		(75,150)		(71,711)
Surrenders, withdrawals and death benefits	(1,784,009)		(1,552,060)		(1,978,565)		(2,330,070)		(1,617,183)
Net transfers between other subaccounts
or fixed rate option	1,642,636		186,802		(366,751)		57,261		50,236
Miscellaneous transactions	(1,474)		(253)		(283)		563		597
Other charges	(5,238)		(3,184)		(7,553)		(15,846)		(10,687)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(92,623)		(1,401,131)		(2,670,474)		(2,326,462)		(1,593,166)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(152,238)		(575,500)		1,396,216		(2,314,990)		(1,064,028)
NET ASSETS
Beginning of period	5,543,166		12,761,734		17,364,161		19,106,116		11,776,362
End of period	$	5,390,928	$	12,186,234	$	18,760,377	$	16,791,126	$	10,712,334
Beginning units	4,619,847		4,326,412		3,905,194		4,885,878		2,266,883
Units issued	2,169,334		90,886		12,492		133,519		61,860
Units redeemed	(2,238,154)		(554,018)		(627,714)		(859,047)		(346,105)
Ending units	4,551,027		3,863,280		3,289,972		4,160,350		1,982,638

The accompanying notes are an integral part of these financial statements.

A75

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	PSF Stock Index Portfolio (Class I)		PSF Global Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		PSF Small-Cap Stock Index Portfolio (Class I)		T. Rowe Price International Stock Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(401,305)	$	(54,026)	$	(383,257)	$	(71,250)	$	(11,513)
Capital gains distributions received	—		—		—		—		59,773
Net realized gain (loss) on shares redeemed	2,025,717		305,138		5,052,164		235,928		27,621
Net change in unrealized appreciation (depreciation) on investments	4,235,244		195,580		7,178,929		616,237		94,610
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	5,859,656		446,692		11,847,836		780,915		170,491
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	8,289,691		7,984		24,979		1,388,778		4,998
Annuity payments	(209,747)		(15,842)		(628,217)		—		(29,893)
Surrenders, withdrawals and death benefits	(2,717,654)		(509,795)		(3,889,717)		(521,742)		(183,572)
Net transfers between other subaccounts
or fixed rate option	(871,119)		(60,519)		(1,633,112)		(391,162)		(71,364)
Miscellaneous transactions	(946)		17		(17,625)		397		(9,294)
Other charges	(68,972)		(3,066)		(15,603)		(17,671)		(230)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	4,421,253		(581,221)		(6,159,295)		458,600		(289,355)
TOTAL INCREASE (DECREASE) IN NET ASSETS	10,280,909		(134,529)		5,688,541		1,239,515		(118,864)
NET ASSETS
Beginning of period	32,339,637		4,320,959		25,178,992		7,260,713		1,607,139
End of period	$	42,620,546	$	4,186,430	$	30,867,533	$	8,500,228	$	1,488,275
Beginning units	5,676,245		1,262,884		4,496,474		925,004		747,722
Units issued	1,215,050		11,512		49,521		267,547		35,418
Units redeemed	(1,310,360)		(218,419)		(1,037,539)		(253,464)		(169,659)
Ending units	5,580,935		1,055,977		3,508,456		939,087		613,481

The accompanying notes are an integral part of these financial statements.

A76

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)		Invesco V.I. Core Equity Fund (Series I)		Janus Henderson VIT Research Portfolio (Institutional Shares)		Janus Henderson VIT Overseas Portfolio (Institutional Shares)		MFS® Research Series (Initial Class)
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	46,727	$	(5,154)	$	(45,520)	$	(2,045)	$	(9,447)
Capital gains distributions received	118,935		1,542,225		428,574		—		56,157
Net realized gain (loss) on shares redeemed	53,631		168,123		416,600		(26,040)		50,421
Net change in unrealized appreciation (depreciation) on investments	(278,261)		(910,555)		632,508		584,441		96,078
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(58,968)		794,639		1,432,162		556,356		193,209
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	15		3,647		2,959		1,067		1,057
Annuity payments	(141,836)		(53,370)		(116,883)		(75,301)		(53,945)
Surrenders, withdrawals and death benefits	(427,541)		(886,933)		(964,456)		(428,622)		(159,465)
Net transfers between other subaccounts
or fixed rate option	(80,353)		(135,375)		(276,331)		(36,383)		(8,236)
Miscellaneous transactions	(259)		(9,338)		766		600		—
Other charges	(1,007)		(1,444)		(1,068)		(1,065)		(369)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(650,981)		(1,082,813)		(1,355,013)		(539,704)		(220,958)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(709,949)		(288,174)		77,149		16,652		(27,749)
NET ASSETS
Beginning of period	6,313,544		7,416,914		5,598,237		4,591,201		1,575,854
End of period	$	5,603,595	$	7,128,740	$	5,675,386	$	4,607,853	$	1,548,105
Beginning units	1,407,891		2,126,680		1,321,617		1,226,900		368,759
Units issued	30,023		38,193		5,535		20,834		1,034
Units redeemed	(185,778)		(343,705)		(305,083)		(172,479)		(54,735)
Ending units	1,252,136		1,821,168		1,022,069		1,075,255		315,058

The accompanying notes are an integral part of these financial statements.

A77

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	MFS® Growth Series (Initial Class)		American Century VP Value Fund (Class I)		Franklin Small-Mid Cap Growth VIP Fund (Class 2)		PSF PGIM Jennison Focused Blend Portfolio (Class I)		Davis Value Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(99,334)	$	13,582	$	(32,102)	$	(44,583)	$	(7,237)
Capital gains distributions received	458,860		40,088		308,513		—		28,404
Net realized gain (loss) on shares redeemed	725,192		61,937		5,124		261,433		(43,045)
Net change in unrealized appreciation (depreciation) on investments	792,568		(167,214)		730,062		645,659		113,082
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,877,286		(51,607)		1,011,597		862,509		91,204
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	39,252		5		26,974		220		—
Annuity payments	(5,352)		(43,835)		(4,612)		(83,850)		—
Surrenders, withdrawals and death benefits	(947,689)		(215,573)		(365,661)		(193,484)		(161,677)
Net transfers between other subaccounts
or fixed rate option	(314,073)		32,589		(133,667)		(72,602)		2,135
Miscellaneous transactions	(14,518)		(208)		(155)		133		5
Other charges	(1,604)		(324)		(480)		(454)		(278)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,243,984)		(227,346)		(477,601)		(350,037)		(159,815)
TOTAL INCREASE (DECREASE) IN NET ASSETS	633,302		(278,953)		533,996		512,472		(68,611)
NET ASSETS
Beginning of period	7,083,922		1,889,528		2,145,256		3,230,596		1,189,425
End of period	$	7,717,224	$	1,610,575	$	2,679,252	$	3,743,068	$	1,120,814
Beginning units	1,331,254		430,174		540,942		821,087		507,113
Units issued	41,312		13,996		12,204		3,132		7,036
Units redeemed	(257,507)		(75,909)		(110,857)		(87,418)		(80,459)
Ending units	1,115,059		368,261		442,289		736,801		433,690

The accompanying notes are an integral part of these financial statements.

A78

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)		PSF Small-Cap Value Portfolio (Class I)		Janus Henderson VIT Research Portfolio (Service Shares)		PSF Mid-Cap Growth Portfolio (Class I)		PSF International Growth Portfolio (Class I)
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(6,295)	$	(84,767)	$	(6,036)	$	(108,109)	$	(25,970)
Capital gains distributions received	36,973		—		38,969		—		—
Net realized gain (loss) on shares redeemed	36,444		416,200		27,070		949,240		183,600
Net change in unrealized appreciation (depreciation) on investments	63,422		(426,818)		60,874		1,804,112		279,572
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	130,544		(95,385)		120,877		2,645,243		437,202
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		11,662		—		9,704		1,159
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(66,197)		(698,516)		(59,575)		(753,595)		(232,631)
Net transfers between other subaccounts
or fixed rate option	25,064		51,840		(30,446)		(583,916)		(242,447)
Miscellaneous transactions	—		(435)		(25)		(61)		(125)
Other charges	(62)		(14,542)		(1,029)		(13,867)		(2,796)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(41,195)		(649,991)		(91,075)		(1,341,735)		(476,840)
TOTAL INCREASE (DECREASE) IN NET ASSETS	89,349		(745,376)		29,802		1,303,508		(39,638)
NET ASSETS
Beginning of period	442,595		7,008,841		527,065		6,881,101		1,844,509
End of period	$	531,944	$	6,263,465	$	556,867	$	8,184,609	$	1,804,871
Beginning units	223,600		1,957,520		193,503		1,596,173		825,908
Units issued	41,240		121,746		612		23,687		3,202
Units redeemed	(63,201)		(333,892)		(36,979)		(314,439)		(197,335)
Ending units	201,639		1,745,374		157,136		1,305,421		631,775

The accompanying notes are an integral part of these financial statements.

A79

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Cohen & Steers Realty Portfolio		AST J.P. Morgan Tactical Preservation Portfolio		AST T. Rowe Price Large-Cap Value Portfolio		AST High Yield Portfolio		AST Small-Cap Growth Opportunities Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(317,269)	$	(2,342,112)	$	(921,246)	$	(353,294)	$	(269,249)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,651,574		15,180,762		(4,334,210)		1,513,324		2,371,877
Net change in unrealized appreciation (depreciation) on investments	(2,967,105)		423,640		5,244,176		(618,497)		3,399,142
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,632,800)		13,262,290		(11,280)		541,533		5,501,770
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	946,843		1,532,652		1,423,619		2,365,880		378,972
Annuity payments	(105,214)		(3,886)		(11,842)		—		(6,089)
Surrenders, withdrawals and death benefits	(1,601,852)		(9,005,859)		(4,007,890)		(2,126,981)		(1,051,936)
Net transfers between other subaccounts
or fixed rate option	159,581		(3,511,803)		7,028,677		264,015		(1,256,356)
Miscellaneous transactions	3,756		2,192		2,996		2,660		2,364
Other charges	(212,588)		(1,678,982)		(614,884)		(222,200)		(170,260)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(809,474)		(12,665,686)		3,820,676		283,374		(2,103,305)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,442,274)		596,604		3,809,396		824,907		3,398,465
NET ASSETS
Beginning of period	30,263,469		167,939,344		77,914,802		32,616,152		20,943,904
End of period	$	27,821,195	$	168,535,948	$	81,724,198	$	33,441,059	$	24,342,369
Beginning units	1,279,393		11,393,534		4,341,700		2,021,819		822,193
Units issued	768,162		5,572,068		3,027,304		981,602		503,100
Units redeemed	(802,140)		(6,574,537)		(2,822,636)		(897,168)		(603,597)
Ending units	1,245,415		10,391,065		4,546,368		2,106,253		721,696

The accompanying notes are an integral part of these financial statements.

A80

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST WEDGE Capital Mid-Cap Value Portfolio		AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Hotchkis & Wiley Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(116,680)	$	(155,187)	$	(849,966)	$	(421,474)	$	(762,491)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(281,398)		(907,552)		8,379,634		(158,653)		12,017,953
Net change in unrealized appreciation (depreciation) on investments	221,908		550,537		9,223,298		103,177		1,272,271
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(176,170)		(512,202)		16,752,966		(476,950)		12,527,733
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	65,451		131,927		1,292,960		834,153		740,515
Annuity payments	—		—		(6,125)		—		(24,508)
Surrenders, withdrawals and death benefits	(655,981)		(697,652)		(4,722,482)		(2,040,702)		(4,253,474)
Net transfers between other subaccounts
or fixed rate option	1,224,205		(48,132)		(5,434,571)		2,012,675		(6,972,964)
Miscellaneous transactions	6,516		6,195		1,168		1,439		1,643
Other charges	(72,998)		(100,072)		(551,204)		(269,229)		(482,069)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	567,193		(707,734)		(9,420,254)		538,336		(10,990,857)
TOTAL INCREASE (DECREASE) IN NET ASSETS	391,023		(1,219,936)		7,332,712		61,386		1,536,876
NET ASSETS
Beginning of period	9,382,994		15,037,721		66,739,554		38,666,095		58,793,071
End of period	$	9,774,017	$	13,817,785	$	74,072,266	$	38,727,481	$	60,329,947
Beginning units	447,919		734,242		2,650,573		1,732,230		1,896,519
Units issued	440,715		620,261		1,246,412		1,211,211		827,670
Units redeemed	(387,330)		(677,716)		(1,642,368)		(1,160,866)		(1,175,661)
Ending units	501,304		676,787		2,254,617		1,782,575		1,548,528

The accompanying notes are an integral part of these financial statements.

A81

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST MFS Growth Portfolio		AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST QMA US Equity Alpha Portfolio		AST T. Rowe Price Natural Resources Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(322,481)	$	(372,024)	$	(278,036)	$	(324,843)	$	(315,529)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,283,665		(1,003,109)		487,204		576,644		(3,260,468)
Net change in unrealized appreciation (depreciation) on investments	2,003,941		154,647		158,753		(3,141,412)		2,034,706
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	5,965,125		(1,220,486)		367,921		(2,889,611)		(1,541,291)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,333,129		572,532		3,588,435		508,296		186,001
Annuity payments	—		(5,847)		—		—		—
Surrenders, withdrawals and death benefits	(1,482,722)		(1,353,183)		(3,291,668)		(1,444,118)		(1,399,068)
Net transfers between other subaccounts
or fixed rate option	(1,648,548)		2,142,820		2,598,730		(514,785)		3,428,573
Miscellaneous transactions	(1,787)		624		(32)		159		112
Other charges	(190,753)		(250,286)		(169,138)		(223,778)		(219,724)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,990,681)		1,106,660		2,726,327		(1,674,226)		1,995,894
TOTAL INCREASE (DECREASE) IN NET ASSETS	3,974,444		(113,826)		3,094,248		(4,563,837)		454,603
NET ASSETS
Beginning of period	24,748,221		33,971,697		24,433,615		33,140,113		27,207,851
End of period	$	28,722,665	$	33,857,871	$	27,527,863	$	28,576,276	$	27,662,454
Beginning units	808,851		1,556,303		2,325,732		1,169,251		2,633,915
Units issued	452,936		1,279,939		1,589,803		642,277		2,589,581
Units redeemed	(487,360)		(1,232,675)		(1,341,214)		(718,256)		(2,467,699)
Ending units	774,427		1,603,567		2,574,321		1,093,272		2,755,797

The accompanying notes are an integral part of these financial statements.

A82

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio		AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(16,457,051)	$	(426,846)	$	(350,945)	$	(2,082,356)	$	(10,806,927)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	109,884,171		3,006,766		257,265		11,000,451		65,679,157
Net change in unrealized appreciation (depreciation) on investments	(2,006,517)		660,327		1,802,979		(6,900,568)		4,829,487
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	91,420,603		3,240,247		1,709,299		2,017,527		59,701,717
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	10,774,185		898,603		58,545		2,830,553		10,469,267
Annuity payments	(180,480)		(5,989)		(5,863)		—		(476)
Surrenders, withdrawals and death benefits	(67,903,549)		(1,918,436)		(1,023,607)		(5,723,887)		(34,149,215)
Net transfers between other subaccounts
or fixed rate option	(12,165,971)		(212,383)		1,392,966		344,796		3,471,393
Miscellaneous transactions	52,262		32		2,737		822		42,908
Other charges	(12,260,222)		(284,172)		(237,630)		(1,605,043)		(7,347,947)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(81,683,775)		(1,522,345)		187,148		(4,152,759)		(27,514,070)
TOTAL INCREASE (DECREASE) IN NET ASSETS	9,736,828		1,717,902		1,896,447		(2,135,232)		32,187,647
NET ASSETS
Beginning of period	1,195,684,088		36,538,250		26,684,084		151,270,095		763,571,333
End of period	$	1,205,420,916	$	38,256,152	$	28,580,531	$	149,134,863	$	795,758,980
Beginning units	66,786,868		1,614,585		1,837,297		10,000,155		41,083,525
Units issued	28,030,507		886,370		1,435,994		5,885,158		20,242,519
Units redeemed	(34,197,109)		(972,600)		(1,522,877)		(6,521,071)		(23,055,836)
Ending units	60,620,266		1,528,355		1,750,414		9,364,242		38,270,208

The accompanying notes are an integral part of these financial statements.

A83

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio		AST Preservation Asset Allocation Portfolio		AST Fidelity Institutional AM® Quantitative Portfolio		AST Prudential Growth Allocation Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(3,735,616)	$	(10,748,563)	$	(6,987,611)	$	(5,324,414)	$	(14,900,860)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	15,156,980		66,829,924		36,228,946		30,259,601		48,217,019
Net change in unrealized appreciation (depreciation) on investments	(10,288,608)		2,045,554		399,872		(9,447,175)		(25,138,819)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,132,756		58,126,915		29,641,207		15,488,012		8,177,340
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,486,572		7,653,786		7,619,759		3,223,803		7,810,696
Annuity payments	(68,213)		(330,520)		(366,568)		(100,660)		(9,770)
Surrenders, withdrawals and death benefits	(20,930,808)		(42,512,599)		(40,892,856)		(20,120,386)		(69,452,002)
Net transfers between other subaccounts
or fixed rate option	6,707,289		(3,387,237)		18,042,172		(792,193)		3,075,589
Miscellaneous transactions	2,271		28,010		8,764		47,800		(3,182)
Other charges	(2,131,310)		(7,285,259)		(4,822,457)		(3,962,068)		(11,511,716)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(14,934,199)		(45,833,819)		(20,411,186)		(21,703,704)		(70,090,385)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(13,801,443)		12,293,096		9,230,021		(6,215,692)		(61,913,045)
NET ASSETS
Beginning of period	271,525,344		762,061,024		475,783,265		394,717,531		1,168,279,487
End of period	$	257,723,901	$	774,354,120	$	485,013,286	$	388,501,839	$	1,106,366,442
Beginning units	19,466,804		43,886,605		31,602,913		25,119,485		65,524,882
Units issued	12,868,463		15,374,791		12,022,854		12,619,210		42,155,223
Units redeemed	(14,386,310)		(18,829,198)		(13,627,553)		(14,732,751)		(48,461,415)
Ending units	17,948,957		40,432,198		29,998,214		23,005,944		59,218,690

The accompanying notes are an integral part of these financial statements.

A84

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Advanced Strategies Portfolio		AST T. Rowe Price Large-Cap Growth Portfolio		AST Government Money Market Portfolio		AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(8,930,496)	$	(1,364,022)	$	(416,897)	$	(357,633)	$	(2,619,329)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	71,105,758		18,887,025		—		3,306,096		13,013,883
Net change in unrealized appreciation (depreciation) on investments	(24,359,461)		14,546,395		—		7,396,703		347,946
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	37,815,801		32,069,398		(416,897)		10,345,166		10,742,500
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	4,961,036		5,072,310		7,582,135		766,380		3,935,751
Annuity payments	(183,939)		—		—		—		(70,383)
Surrenders, withdrawals and death benefits	(38,316,873)		(6,711,943)		(77,798,047)		(1,920,471)		(15,502,947)
Net transfers between other subaccounts
or fixed rate option	(6,107,724)		(10,337,558)		100,947,437		(2,992,018)		10,916,368
Miscellaneous transactions	26,093		6,634		(721)		(1,117)		3,262
Other charges	(6,659,863)		(856,658)		(265,480)		(219,034)		(1,708,414)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(46,281,270)		(12,827,215)		30,465,324		(4,366,260)		(2,426,363)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(8,465,469)		19,242,183		30,048,427		5,978,906		8,316,137
NET ASSETS
Beginning of period	658,748,852		106,330,247		23,074,155		27,923,218		191,074,981
End of period	$	650,283,383	$	125,572,430	$	53,122,582	$	33,902,124	$	199,391,118
Beginning units	36,239,627		3,187,195		2,483,844		1,037,796		15,500,039
Units issued	16,320,279		1,475,273		9,836,326		533,015		8,824,584
Units redeemed	(19,826,642)		(1,721,024)		(6,665,135)		(667,607)		(9,119,151)
Ending units	32,733,264		2,941,444		5,655,035		903,204		15,205,472

The accompanying notes are an integral part of these financial statements.

A85

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio		AST Western Asset Core Plus Bond Portfolio		AST Cohen & Steers Global Realty Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(155,260)	$	(286,650)	$	(5,926,725)	$	(1,649,308)	$	(109,821)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(435,077)		2,180,371		140,909,247		6,550,606		274,691
Net change in unrealized appreciation (depreciation) on investments	182,167		3,792,759		(2,144,124)		2,330,499		(487,909)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(408,170)		5,686,480		132,838,398		7,231,797		(323,039)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	284,563		933,350		—		1,775,452		354,006
Annuity payments	—		—		(13,742)		—		(6,053)
Surrenders, withdrawals and death benefits	(763,991)		(1,559,569)		(19,883,928)		(8,801,039)		(352,463)
Net transfers between other subaccounts
or fixed rate option	811,670		(1,108,708)		(132,899,904)		9,312,905		932,706
Miscellaneous transactions	(50)		(3,002)		(39,662)		34		(400)
Other charges	(98,786)		(208,677)		(5,501,631)		(1,120,446)		(67,803)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	233,406		(1,946,606)		(158,338,867)		1,166,906		859,993
TOTAL INCREASE (DECREASE) IN NET ASSETS	(174,764)		3,739,874		(25,500,469)		8,398,703		536,954
NET ASSETS
Beginning of period	14,999,156		24,731,561		109,751,462		128,739,295		8,790,411
End of period	$	14,824,392	$	28,471,435	$	84,250,993	$	137,137,998	$	9,327,365
Beginning units	1,154,347		1,444,099		7,403,926		9,418,388		489,964
Units issued	677,975		822,037		246,287,881		5,317,212		423,265
Units redeemed	(673,590)		(974,696)		(248,785,480)		(5,373,944)		(361,052)
Ending units	1,158,732		1,291,440		4,906,327		9,361,656		552,177

The accompanying notes are an integral part of these financial statements.

A86

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST AllianzGI World Trends Portfolio		AST J.P. Morgan Global Thematic Portfolio		AST Goldman Sachs Multi-Asset Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(332,976)	$	(391,830)	$	(5,544,819)	$	(3,109,391)	$	(2,947,270)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(1,932,238)		(203,288)		32,567,203		18,344,071		11,004,522
Net change in unrealized appreciation (depreciation) on investments	4,337,868		1,347,408		7,142,803		4,011,857		1,662,078
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	2,072,654		752,290		34,165,187		19,246,537		9,719,330
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	125,124		524,219		2,375,121		2,429,917		2,852,065
Annuity payments	(11,582)		(5,814)		(147,228)		—		(76,403)
Surrenders, withdrawals and death benefits	(1,057,762)		(1,770,063)		(22,863,319)		(9,329,709)		(11,970,843)
Net transfers between other subaccounts
or fixed rate option	5,805,763		3,313,126		(3,669,853)		(3,058,883)		987,485
Miscellaneous transactions	933		1,262		15,166		2,966		3,089
Other charges	(251,670)		(263,872)		(4,389,787)		(2,441,391)		(2,391,724)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	4,610,806		1,798,858		(28,679,900)		(12,397,100)		(10,596,331)
TOTAL INCREASE (DECREASE) IN NET ASSETS	6,683,460		2,551,148		5,485,287		6,849,437		(877,001)
NET ASSETS
Beginning of period	25,713,559		34,288,722		406,369,627		231,136,216		220,936,202
End of period	$	32,397,019	$	36,839,870	$	411,854,914	$	237,985,653	$	220,059,201
Beginning units	2,445,952		1,474,662		26,974,702		14,054,368		16,100,311
Units issued	3,002,967		1,226,310		13,022,233		8,440,199		10,233,798
Units redeemed	(2,494,890)		(1,127,687)		(15,739,980)		(9,532,838)		(11,412,394)
Ending units	2,954,029		1,573,285		24,256,955		12,961,729		14,921,715

The accompanying notes are an integral part of these financial statements.

A87

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care		ProFund VP Industrials
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(6,009)	$	(482)	$	(2,193)	$	(4,770)	$	(4,071)
Capital gains distributions received	157,500		686		20,622		47,756		7,425
Net realized gain (loss) on shares redeemed	10,161		(7,957)		19,099		7,391		(21,917)
Net change in unrealized appreciation (depreciation) on investments	(57,093)		23,862		(44,323)		(5,781)		52,418
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	104,559		16,109		(6,795)		44,596		33,855
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	30,746		—		—		10,000		10,000
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(29,868)		(993)		(325)		(20,301)		(20,995)
Net transfers between other subaccounts
or fixed rate option	47,557		(6,561)		(12,024)		24,763		36,019
Miscellaneous transactions	—		—		(11)		(5)		—
Other charges	(3,557)		(699)		(2,837)		(3,141)		(2,906)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	44,878		(8,253)		(15,197)		11,316		22,118
TOTAL INCREASE (DECREASE) IN NET ASSETS	149,437		7,856		(21,992)		55,912		55,973
NET ASSETS
Beginning of period	387,423		72,737		337,907		357,469		352,060
End of period	$	536,860	$	80,593	$	315,915	$	413,381	$	408,033
Beginning units	13,672		3,481		21,881		12,908		16,860
Units issued	7,390		2,112		6,923		4,287		14,051
Units redeemed	(5,937)		(2,605)		(6,042)		(4,358)		(13,924)
Ending units	15,125		2,988		22,762		12,837		16,987

The accompanying notes are an integral part of these financial statements.

A88

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth		ProFund VP Small-Cap Value
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(1,519)	$	(2,610)	$	219	$	(1,339)	$	(2,599)
Capital gains distributions received	8,761		20,775		4,248		10,105		23,670
Net realized gain (loss) on shares redeemed	(23,676)		(56,374)		(21)		(20,030)		(38,243)
Net change in unrealized appreciation (depreciation) on investments	18,714		15,097		(12,491)		9,928		6,017
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	2,280		(23,112)		(8,045)		(1,336)		(11,155)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,524)		(4,589)		—		(1,820)		(4,738)
Net transfers between other subaccounts
or fixed rate option	(28,112)		(54,160)		23,929		(44,274)		(14,346)
Miscellaneous transactions	(20)		(5)		—		(18)		(14)
Other charges	(1,049)		(2,227)		(1,234)		(754)		(1,581)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(30,705)		(60,981)		22,695		(46,866)		(20,679)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(28,425)		(84,093)		14,650		(48,202)		(31,834)
NET ASSETS
Beginning of period	139,954		316,058		136,712		135,042		228,181
End of period	$	111,529	$	231,965	$	151,362	$	86,840	$	196,347
Beginning units	6,611		16,618		8,688		5,841		11,524
Units issued	3,701		12,927		3,178		1,883		7,000
Units redeemed	(5,878)		(17,514)		(1,448)		(4,469)		(8,550)
Ending units	4,434		12,031		10,418		3,255		9,974

The accompanying notes are an integral part of these financial statements.

A89

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value		AST Jennison Large-Cap Growth Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(129)	$	376	$	(3,347)	$	(596)	$	(454,775)
Capital gains distributions received	—		40,242		21,829		26,559		—
Net realized gain (loss) on shares redeemed	(1,542)		(2,479)		(6,751)		(20,926)		7,130,943
Net change in unrealized appreciation (depreciation) on investments	1,753		(41,114)		39,521		(20,416)		8,868,828
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	82		(2,975)		51,252		(15,379)		15,544,996
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		10,000		—		2,349,907
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(2,653)		(21,466)		(1,955)		(1,589,129)
Net transfers between other subaccounts
or fixed rate option	2,297		39,000		(11,790)		(3,540)		(52,077)
Miscellaneous transactions	—		—		(31)		(36)		(175)
Other charges	(228)		(1,595)		(2,518)		(1,752)		(280,965)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,069		34,752		(25,805)		(7,283)		427,561
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,151		31,777		25,447		(22,662)		15,972,557
NET ASSETS
Beginning of period	22,980		159,406		230,721		239,676		32,554,732
End of period	$	25,131	$	191,183	$	256,168	$	217,014	$	48,527,289
Beginning units	1,902		8,762		9,323		14,127		1,133,491
Units issued	786		4,737		4,606		7,207		838,226
Units redeemed	(642)		(2,571)		(5,895)		(8,323)		(765,710)
Ending units	2,046		10,928		8,034		13,011		1,206,007

The accompanying notes are an integral part of these financial statements.

A90

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Bond Portfolio 2021		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(186,833)	$	184	$	(9,931)	$	(59,073)	$	(464,217)
Capital gains distributions received	—		—		45,855		—		—
Net realized gain (loss) on shares redeemed	137,429		(21,447)		27,946		205,154		1,119,433
Net change in unrealized appreciation (depreciation) on investments	113,046		21,410		146,344		(64,332)		7,529,959
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	63,642		147		210,214		81,749		8,185,175
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		11,649,102
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,373,806)		(31,763)		(79,096)		(279,488)		(1,860,199)
Net transfers between other subaccounts
or fixed rate option	9,105,956		2,489		—		(796,067)		(2,619,668)
Miscellaneous transactions	58		728		(209)		(16)		2,461
Other charges	(1,867)		(25)		—		(1,030)		(342,632)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	7,730,341		(28,571)		(79,305)		(1,076,601)		6,829,064
TOTAL INCREASE (DECREASE) IN NET ASSETS	7,793,983		(28,424)		130,909		(994,852)		15,014,239
NET ASSETS
Beginning of period	4,076,336		49,933		557,701		3,322,718		66,031,276
End of period	$	11,870,319	$	21,509	$	688,610	$	2,327,866	$	81,045,515
Beginning units	322,365		2,849		104,446		283,851		4,023,949
Units issued	951,643		189		—		177,226		1,247,562
Units redeemed	(352,211)		(1,847)		(12,980)		(270,768)		(471,090)
Ending units	921,797		1,191		91,466		190,309		4,800,421

The accompanying notes are an integral part of these financial statements.

A91

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST BlackRock Global Strategies Portfolio		Allspring VT Opportunity Fund (Class 1)		AST Prudential Core Bond Portfolio		AST Bond Portfolio 2023		AST MFS Growth Allocation Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(2,074,956)	$	(1,331)	$	(418,669)	$	(12,187)	$	(1,045,405)
Capital gains distributions received	—		9,967		—		—		—
Net realized gain (loss) on shares redeemed	8,041,498		10,585		1,259,427		10,577		1,549,843
Net change in unrealized appreciation (depreciation) on investments	(4,315,425)		5,488		1,126,154		25,257		3,890,333
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,651,117		24,709		1,966,912		23,647		4,394,771
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,151,629		—		3,810,230		—		4,945,783
Annuity payments	(9,451)		—		—		—		—
Surrenders, withdrawals and death benefits	(8,549,468)		(42,075)		(2,694,267)		(17,109)		(3,343,986)
Net transfers between other subaccounts
or fixed rate option	2,315,120		—		6,369,143		(10,763)		3,705,463
Miscellaneous transactions	1,742		282		652		—		(4,090)
Other charges	(1,575,861)		(11)		(291,809)		(260)		(875,165)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(5,666,289)		(41,804)		7,193,949		(28,132)		4,428,005
TOTAL INCREASE (DECREASE) IN NET ASSETS	(4,015,172)		(17,095)		9,160,861		(4,485)		8,822,776
NET ASSETS
Beginning of period	155,802,514		164,146		35,623,059		543,471		75,360,742
End of period	$	151,787,342	$	147,051	$	44,783,920	$	538,986	$	84,183,518
Beginning units	11,474,268		6,474		2,968,124		53,583		4,961,321
Units issued	6,636,291		—		1,994,297		5,827		4,104,129
Units redeemed	(7,294,895)		(1,612)		(1,358,640)		(8,500)		(3,948,616)
Ending units	10,815,664		4,862		3,603,781		50,910		5,116,834

The accompanying notes are an integral part of these financial statements.

A92

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Western Asset Emerging Markets Debt Portfolio		AST MFS Large-Cap Value Portfolio		AST Bond Portfolio 2024		AST ClearBridge Dividend Growth Portfolio		AST Multi-Sector Fixed Income Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(7,203)	$	(226,200)	$	(18,959)	$	(209,242)	$	(43,817,148)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	9,169		408,498		155,122		663,082		13,263,543
Net change in unrealized appreciation (depreciation) on investments	70,953		272,521		(65,699)		(219,950)		264,606,061
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	72,919		454,819		70,464		233,890		234,052,456
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	170,857		1,126,424		—		578,544		217,146,540
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(53,884)		(1,005,470)		(164,593)		(833,010)		(121,981,437)
Net transfers between other subaccounts
or fixed rate option	124,565		2,146,084		(761,338)		1,856,053		—
Miscellaneous transactions	81		(412)		3		1,344		(6,038)
Other charges	(5,066)		(147,545)		(237)		(128,773)		(264,186)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	236,553		2,119,081		(926,165)		1,474,158		94,894,879
TOTAL INCREASE (DECREASE) IN NET ASSETS	309,472		2,573,900		(855,701)		1,708,048		328,947,335
NET ASSETS
Beginning of period	1,034,780		20,655,454		1,098,051		17,385,877		2,116,571,955
End of period	$	1,344,252	$	23,229,354	$	242,350	$	19,093,925	$	2,445,519,290
Beginning units	89,112		1,033,296		107,375		893,894		174,543,032
Units issued	31,187		744,062		152,713		652,524		11,935,016
Units redeemed	(10,494)		(601,842)		(237,806)		(574,485)		(3,999,120)
Ending units	109,805		1,175,516		22,282		971,933		182,478,928

The accompanying notes are an integral part of these financial statements.

A93

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Large-Cap Core Portfolio		AST Bond Portfolio 2025		AST T. Rowe Price Growth Opportunities Portfolio		AST T. Rowe Price Diversified Real Growth Portfolio		AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(21,772)	$	(11,553)	$	(3,222,878)	$	(84,028)	$	(111,428)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	27,742		115,966		(6,131,008)		233,497		327,998
Net change in unrealized appreciation (depreciation) on investments	485,893		(47,696)		25,192,787		2,689,071		1,870,459
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	491,863		56,717		15,838,901		2,838,540		2,087,029
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	707,695		—		13,817,350		840,482		2,373,553
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(104,362)		(111,135)		(3,885,151)		(434,107)		(510,848)
Net transfers between other subaccounts
or fixed rate option	2,051,488		(442,399)		10,517,919		3,823,374		2,865,096
Miscellaneous transactions	314		—		(7,445)		631		54
Other charges	(11,553)		(202)		(2,941,605)		(76,711)		(104,600)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,643,582		(553,736)		17,501,068		4,153,669		4,623,255
TOTAL INCREASE (DECREASE) IN NET ASSETS	3,135,445		(497,019)		33,339,969		6,992,209		6,710,284
NET ASSETS
Beginning of period	1,804,267		718,971		244,962,775		10,229,046		15,829,465
End of period	$	4,939,712	$	221,952	$	278,302,744	$	17,221,255	$	22,539,749
Beginning units	95,655		61,906		16,860,533		714,650		1,170,474
Units issued	191,284		149,044		15,778,814		463,873		623,274
Units redeemed	(20,276)		(193,606)		(15,548,021)		(109,035)		(205,370)
Ending units	266,663		17,344		17,091,326		1,069,488		1,588,378

The accompanying notes are an integral part of these financial statements.

A94

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Franklin 85/15 Diversified Allocation Portfolio		AST Bond Portfolio 2026		AST Global Bond Portfolio		AST QMA International Core Equity Portfolio		BlackRock Global Allocation V.I. Fund (Class III)
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(668,232)	$	(88,947)	$	(36,586)	$	(6,770)	$	52,767
Capital gains distributions received	—		—		—		—		424,931
Net realized gain (loss) on shares redeemed	(2,044,832)		1,091,318		13,099		(6,171)		33,553
Net change in unrealized appreciation (depreciation) on investments	2,885,332		(383,831)		230,327		102,016		742,631
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	172,268		618,540		206,840		89,075		1,253,882
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,816,849		—		335,476		217,604		1,270,739
Annuity payments	(5,884)		—		—		—		—
Surrenders, withdrawals and death benefits	(970,736)		(220,382)		(218,271)		(43,944)		(263,642)
Net transfers between other subaccounts
or fixed rate option	1,385,737		(9,161,220)		22,933,405		20,198		266,789
Miscellaneous transactions	11,062		54		(62)		396		515
Other charges	(615,362)		(266)		(28,448)		(6,461)		(32,942)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,621,666		(9,381,814)		23,022,100		187,793		1,241,459
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,793,934		(8,763,274)		23,228,940		276,868		2,495,341
NET ASSETS
Beginning of period	53,391,583		10,189,255		861,408		1,085,455		5,332,212
End of period	$	55,185,517	$	1,425,981	$	24,090,348	$	1,362,323	$	7,827,553
Beginning units	4,211,030		977,547		75,864		94,335		427,246
Units issued	3,833,208		239,685		2,208,627		28,228		160,094
Units redeemed	(3,879,648)		(1,091,312)		(56,586)		(9,065)		(54,281)
Ending units	4,164,590		125,920		2,227,905		113,498		533,059

The accompanying notes are an integral part of these financial statements.

A95

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)		AST Bond Portfolio 2027		NVIT Emerging Markets Fund (Class D)		AST Bond Portfolio 2028		AST Bond Portfolio 2029
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	63,751	$	(38,180)	$	49	$	(3,267)	$	(9,190)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(43,997)		808,745		21,050		152,307		292,777
Net change in unrealized appreciation (depreciation) on investments	50,007		(413,054)		11,220		(92,611)		(96,307)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	69,761		357,511		32,319		56,429		187,280
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	384,282		—		346		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(191,742)		(202,462)		(82,498)		—		(1,584,635)
Net transfers between other subaccounts
or fixed rate option	(88,714)		(4,044,798)		(50,159)		(1,118,220)		(2,604,439)
Miscellaneous transactions	5,505		103		—		(10)		9
Other charges	(14,087)		(747)		(906)		(128)		(22)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	95,244		(4,247,904)		(133,217)		(1,118,358)		(4,189,087)
TOTAL INCREASE (DECREASE) IN NET ASSETS	165,005		(3,890,393)		(100,898)		(1,061,929)		(4,001,807)
NET ASSETS
Beginning of period	2,482,236		5,539,254		484,541		1,061,929		4,001,807
End of period	$	2,647,241	$	1,648,861	$	383,643	$	—	$	—
Beginning units	198,648		531,908		36,732		100,738		376,784
Units issued	65,044		254,361		309		868		16,017
Units redeemed	(55,591)		(642,380)		(10,865)		(101,606)		(392,801)
Ending units	208,101		143,889		26,176		—		—

The accompanying notes are an integral part of these financial statements.

A96

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio		AST Bond Portfolio 2030		AST BlackRock 80/20 Target Allocation ETF Portfolio		AST BlackRock 60/40 Target Allocation ETF Portfolio		AST Dimensional Global Core Allocation Portfolio
	1/1/2020		1/1/2020		1/1/2020		1/1/2020		1/1/2020
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(1,084,711)	$	(286,498)	$	(474,018)	$	(319,702)	$	(3,582)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(2,378,575)		1,164,380		(2,546,773)		(783,544)		(33,846)
Net change in unrealized appreciation (depreciation) on investments	15,358,915		502,797		7,380,556		4,043,685		88,313
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	11,895,629		1,380,679		4,359,765		2,940,439		50,885
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	11,927,351		—		10,785,067		7,000,476		859,027
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,083,308)		(1,953,168)		(299,245)		(207,185)		(149)
Net transfers between other subaccounts
or fixed rate option	(952,492)		8,200,687		311,788		423,143		(431,406)
Miscellaneous transactions	1,610		482		4,115		(1,311)		3
Other charges	(958,027)		(5,018)		(402,634)		(233,385)		(2,499)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	8,935,134		6,242,983		10,399,091		6,981,738		424,976
TOTAL INCREASE (DECREASE) IN NET ASSETS	20,830,763		7,623,662		14,758,856		9,922,177		475,861
NET ASSETS
Beginning of period	74,239,429		1,942,445		27,462,520		18,354,476		8,576
End of period	$	95,070,192	$	9,566,107	$	42,221,376	$	28,276,653	$	484,437
Beginning units	6,508,627		173,249		2,254,409		1,561,045		833
Units issued	5,359,739		2,572,707		2,972,953		1,447,284		107,848
Units redeemed	(4,939,931)		(1,986,690)		(2,256,325)		(900,594)		(67,090)
Ending units	6,928,435		759,266		2,971,037		2,107,735		41,591

The accompanying notes are an integral part of these financial statements.

A97

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	AST Bond Portfolio 2031		MFS® International Growth Portfolio (Service Shares)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares)		MFS® Technology Portfolio (Service Shares)		MFS® Mid Cap Growth Series (Service Shares)
	1/2/2020*		4/27/2020*		4/27/2020*		4/27/2020*		4/27/2020*
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(87,745)	$	(85)	$	(61)	$	(1,794)	$	(745)
Capital gains distributions received	—		99		—		—		10,621
Net realized gain (loss) on shares redeemed	30,066		1,349		5		705		(833)
Net change in unrealized appreciation (depreciation) on investments	(100,273)		12,486		5,712		120,782		51,824
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(157,952)		13,849		5,656		119,693		60,867
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		131,501		50,712		916,277		365,953
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(259,745)		(6,025)		—		(1,738)		(4,007)
Net transfers between other subaccounts
or fixed rate option	10,806,878		77,287		(3)		475,465		19,951
Miscellaneous transactions	(24)		(337)		—		(2,710)		360
Other charges	(82)		(135)		(10)		(1,325)		(607)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	10,547,027		202,291		50,699		1,385,969		381,650
TOTAL INCREASE (DECREASE) IN NET ASSETS	10,389,075		216,140		56,355		1,505,662		442,517
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	10,389,075	$	216,140	$	56,355	$	1,505,662	$	442,517
Beginning units	—		—		—		—		—
Units issued	1,300,965		21,588		4,159		115,171		36,940
Units redeemed	(364,525)		(5,551)		(1)		(12,130)		(7,004)
Ending units	936,440		16,037		4,158		103,041		29,936

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A98

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	MFS® New Discovery Series (Service Shares)		MFS® Research Series (Service Shares)		MFS® Total Return Bond Series (Service Shares)		MFS® Total Return Series (Service Shares)		MFS® Utilities Series (Service Shares)
	4/27/2020*		4/27/2020*		4/27/2020*		4/27/2020*		4/27/2020*
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(309)	$	(82)	$	1,148	$	3,326	$	1,790
Capital gains distributions received	4,335		107		—		5,659		3,112
Net realized gain (loss) on shares redeemed	105		13		4,550		329		366
Net change in unrealized appreciation (depreciation) on investments	33,104		7,893		23,408		31,268		52,914
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	37,235		7,931		29,106		40,582		58,182
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	71,543		114,871		1,223,096		426,557		370,882
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(348)		(994)		(6,358)		(29,287)		(3,620)
Net transfers between other subaccounts
or fixed rate option	98,575		255		569,749		80,437		277,952
Miscellaneous transactions	569		140		63		268		194
Other charges	(216)		(26)		(1,970)		(569)		(584)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	170,123		114,246		1,784,580		477,406		644,824
TOTAL INCREASE (DECREASE) IN NET ASSETS	207,358		122,177		1,813,686		517,988		703,006
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	207,358	$	122,177	$	1,813,686	$	517,988	$	703,006
Beginning units	—		—		—		—		—
Units issued	12,452		9,494		251,664		53,032		58,263
Units redeemed	(56)		(83)		(82,671)		(9,850)		(421)
Ending units	12,396		9,411		168,993		43,182		57,842

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A99

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	American Funds IS Asset Allocation Fund (Class 4)		American Funds IS Washington Mutual Investors Fund (Class 4)		American Funds IS The Bond Fund of America (Class 4)		American Funds IS Capital World Growth and Income Fund (Class 4)		American Funds IS Global Small Capitalization Fund (Class 4)
	8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	6,595	$	2,247	$	2,370	$	317	$	(18)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	34		107		—		3,458		1
Net change in unrealized appreciation (depreciation) on investments	27,446		17,805		(128)		7,743		1,800
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	34,075		20,159		2,242		11,518		1,783
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	441,032		143,990		114,204		27,823		35,431
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(17,495)		(1,428)		(303)		(33,813)		—
Net transfers between other subaccounts
or fixed rate option	406,229		83,504		130,714		49,779		2,606
Miscellaneous transactions	—		—		—		—		308
Other charges	(240)		(26)		(172)		(32)		(11)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	829,526		226,040		244,443		43,757		38,334
TOTAL INCREASE (DECREASE) IN NET ASSETS	863,601		246,199		246,685		55,275		40,117
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	863,601	$	246,199	$	246,685	$	55,275	$	40,117
Beginning units	—		—		—		—		—
Units issued	82,178		22,273		24,399		7,907		3,223
Units redeemed	(2,786)		(136)		(47)		(3,038)		(0)(1)
Ending units	79,392		22,137		24,352		4,869		3,223

*Date subaccount became available for investment.

(1) Amount is less than 1 unit.

The accompanying notes are an integral part of these financial statements.

A100

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	American Funds IS Growth Fund (Class 4)		American Funds IS Growth-Income Fund (Class 4)		American Funds IS International Fund (Class 4)		American Funds IS New World Fund® (Class 4)		BlackRock Advantage Large Cap Core V.I. Fund (Class III)
	8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(1,489)	$	2,062	$	36	$	(180)	$	1,116
Capital gains distributions received	—		—		—		—		11,922
Net realized gain (loss) on shares redeemed	1,295		506		7		294		2
Net change in unrealized appreciation (depreciation) on investments	195,149		13,764		5,622		19,129		(1,925)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	194,955		16,332		5,665		19,243		11,115
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	371,976		133,480		30,352		143,950		54,001
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(9,117)		(2,903)		—		(2,352)		—
Net transfers between other subaccounts
or fixed rate option	1,361,022		203,071		—		87,981		125,829
Miscellaneous transactions	(28)		(898)		—		23		188
Other charges	(1,107)		(195)		(25)		(127)		(29)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,722,746		332,555		30,327		229,475		179,989
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,917,701		348,887		35,992		248,718		191,104
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	1,917,701	$	348,887	$	35,992	$	248,718	$	191,104
Beginning units	—		—		—		—		—
Units issued	157,872		37,967		3,005		25,640		17,019
Units redeemed	(1,198)		(6,429)		(2)		(4,786)		(3)
Ending units	156,674		31,538		3,003		20,854		17,016

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A101

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	BlackRock Advantage Large Cap Value V.I. Fund (Class III)		BlackRock Capital Appreciation V.I. Fund (Class III)		BlackRock Equity Dividend V.I. Fund (Class III)		BlackRock Large Cap Focus Growth V.I. Fund (Class III)		Fidelity® VIP Balanced Portfolio (Service Class 2)
	8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*
	to		to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	381	$	(122)	$	636	$	(184)	$	11,254
Capital gains distributions received	—		9,198		4,214		9,719		181
Net realized gain (loss) on shares redeemed	4		4		3,050		4		1,926
Net change in unrealized appreciation (depreciation) on investments	3,744		(2,199)		7,954		4,484		73,915
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,129		6,881		15,854		14,023		87,276
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	31,760		50,236		145,923		42,524		1,119,689
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		—		(2,981)		—		—
Net transfers between other subaccounts
or fixed rate option	—		86,431		17,554		155,604		347,609
Miscellaneous transactions	—		—		(2,237)		9		(399)
Other charges	(3)		(155)		—		(86)		(255)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	31,757		136,512		158,259		198,051		1,466,644
TOTAL INCREASE (DECREASE) IN NET ASSETS	35,886		143,393		174,113		212,074		1,553,920
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	35,886	$	143,393	$	174,113	$	212,074	$	1,553,920
Beginning units	—		—		—		—		—
Units issued	3,189		12,377		21,907		18,606		144,186
Units redeemed	(0)(1)		(13)		(6,456)		(8)		(5,046)
Ending units	3,189		12,364		15,451		18,598		139,140

*Date subaccount became available for investment.

(1) Amount is less than 1 unit.

The accompanying notes are an integral part of these financial statements.

A102

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2020

	SUBACCOUNTS
	Fidelity® VIP Contrafund® Portfolio (Service Class 2)		Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)		Fidelity® VIP Health Care Portfolio (Service Class 2)		BlackRock Basic Value V.I. Fund (Class III)
	8/17/2020*		8/17/2020*		8/17/2020*		8/17/2020*
	to		to		to		to
	12/31/2020		12/31/2020		12/31/2020		12/31/2020
OPERATIONS
Net investment income (loss)	$	(1,864)	$	(990)	$	4,293	$	987
Capital gains distributions received	967		11,262		16,723		645
Net realized gain (loss) on shares redeemed	(1,961)		1,720		89		5
Net change in unrealized appreciation (depreciation) on investments	94,123		113,289		21,443		7,400
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	91,265		125,281		42,548		9,037
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	748,658		161,054		284,674		50,840
Annuity payments	—		—		—		—
Surrenders, withdrawals and death benefits	(5,930)		(29,921)		(6,403)		—
Net transfers between other subaccounts
or fixed rate option	1,366,028		1,132,896		1,319,968		—
Miscellaneous transactions	—		325		138		—
Other charges	(1,309)		(831)		(854)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,107,447		1,263,523		1,597,523		50,840
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,198,712		1,388,804		1,640,071		59,877
NET ASSETS
Beginning of period	—		—		—		—
End of period	$	2,198,712	$	1,388,804	$	1,640,071	$	59,877
Beginning units	—		—		—		—
Units issued	205,915		114,829		150,971		5,206
Units redeemed	(5,765)		(2,581)		(453)		—
Ending units	200,150		112,248		150,518		5,206

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A103

NOTES TO FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

December 31, 2021

Note 1:    General

Pruco Life of New Jersey Flexible Premium Variable Annuity Account (the “Account”) was establishedunder the laws of the State of New Jersey on May 20, 1996 as a separate investment account of Pruco Life Insurance Company of New Jersey (“Pruco Life of New Jersey”), which is a wholly-owned subsidiary of Pruco Life Insurance Company (an Arizona domiciled company), which in turn is wholly-owned by The Prudential Insurance Company of America (“Prudential”). Prudential is a wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of Pruco Life of New Jersey. Proceeds from purchases of the variable annuity contracts listed below (individually, a “contract” or “product” and collectively, the “contracts” or “products”)are invested in the Account. The portion of the Account’s assets applicable to the contracts is not chargeable with liabilities arising out of any other business Pruco Life of New Jersey may conduct.

Discovery Choice	Prudential Premier Variable Annuity Bb Series
Discovery Select	Strategic Partners Advisor
Prudential Defined Income Annuity	Strategic Partners FlexElite
Prudential MyRock Advisor New York Variable Annuity	Strategic Partners FlexElite 2
Prudential Premier Advisor Variable Annuity Series	Strategic Partners Plus
Prudential Premier Investment Variable Annuity B, C Series	Strategic Partners Plus 3
Prudential Premier Retirement Variable Annuity	Strategic Partners Select
Prudential Premier Retirement Variable Annuity X, B, L, C Series	Strategic Partners Variable Annuity One
Prudential Premier Variable Annuity B, L, X Series	Strategic Partners Variable Annuity One 3

The Account is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended, as a unit investment trust. The Account is a funding vehicle forthe contracts.The contracts offer the option to invest in various subaccounts listed below, each of which invests in a corresponding portfolio of either The Prudential Series Fund, the Advanced Series Trust or one of the non-Prudential administered funds (collectively, the “Portfolios”). Investment options vary by contract.

The corresponding subaccount names are as follows:

PSF PGIM Government Money Market Portfolio	MFS® Growth Series (Initial Class)
(Class I) (formerly Prudential Government Money Market	American Century VP Value Fund (Class I)
Portfolio (Class I))	Franklin Small-Mid Cap Growth VIP Fund (Class 2)
PSF PGIM Total Return Bond Portfolio	PSF PGIM Jennison Focused Blend Portfolio (Class I)
(Class I) (formerly Prudential Diversified Bond Portfolio)	(formerly Prudential Jennison 20/20 Focus Portfolio (Class I))
PSF PGIM Jennison Blend Portfolio (Class I)	Davis Value Portfolio
(formerly Prudential Equity Portfolio (Class I))	AB VPS Large Cap Growth Portfolio (Class B)
PSF PGIM Jennison Value Portfolio (Class I)	PSF Small-Cap Value Portfolio (Class I)
(formerly Prudential Value Portfolio (Class I))	(formerly Prudential SP Small Cap Value Portfolio (Class I))
PSF PGIM High Yield Bond Portfolio (Class I)	Janus Henderson VIT Research Portfolio (Service Shares)
(formerly Prudential High Yield Bond Portfolio)	PSF Mid-Cap Growth Portfolio (Class I) (formerly SP
PSF Stock Index Portfolio (Class I)	Prudential U.S. Emerging Growth Portfolio (Class I))
(formerly Prudential Stock Index Portfolio)	PSF International Growth Portfolio (Class I) (formerly Prudential
PSF Global Portfolio (Class I)	SP International Growth Portfolio (Class I))
(formerly Prudential Global Portfolio)	AST Cohen & Steers Realty Portfolio
PSF PGIM Jennison Growth Portfolio (Class I)	AST J.P. Morgan Tactical Preservation Portfolio (formerly
(formerly Prudential Jennison Portfolio (Class I))	AST J.P. Morgan Strategic Opportunities Portfolio)
PSF Small-Cap Stock Index Portfolio (Class I)	AST T. Rowe Price Large-Cap Value Portfolio
(formerly Prudential Small Capitalization Stock Portfolio)	AST High Yield Portfolio
T. Rowe Price International Stock Portfolio	AST Small-Cap Growth Opportunities Portfolio
T. Rowe Price Equity Income Portfolio (Equity Income Class)	AST WEDGE Capital Mid-Cap Value Portfolio*
Invesco V.I. Core Equity Fund (Series I)	AST Small-Cap Value Portfolio
Janus Henderson VIT Research Portfolio (Institutional Shares)	AST Mid-Cap Growth Portfolio
Janus Henderson VIT Overseas Portfolio (Institutional Shares)	AST Hotchkis & Wiley Large-Cap Value Portfolio
MFS® Research Series (Initial Class)	AST Loomis Sayles Large-Cap Growth Portfolio

A104

Note 1:    General (continued)

AST MFS Growth Portfolio	AST MFS Growth Allocation Portfolio
AST Mid-Cap Value Portfolio (formerly AST	AST Western Asset Emerging Markets Debt Portfolio
Neuberger Berman/LSV Mid-Cap Value Portfolio)	AST MFS Large-Cap Value Portfolio
AST BlackRock Low Duration Bond Portfolio	AST Bond Portfolio 2024****
AST QMA US Equity Alpha Portfolio*	AST ClearBridge Dividend Growth Portfolio
AST T. Rowe Price Natural Resources Portfolio	AST Multi-Sector Fixed Income Portfolio
AST T. Rowe Price Asset Allocation Portfolio	AST Large-Cap Core Portfolio
AST MFS Global Equity Portfolio	AST Bond Portfolio 2025
AST J.P. Morgan International Equity Portfolio	AST T. Rowe Price Growth Opportunities Portfolio
AST Wellington Management Hedged Equity Portfolio	AST T. Rowe Price Diversified Real Growth Portfolio
AST Capital Growth Asset Allocation Portfolio	AST Prudential Flexible Multi-Strategy Portfolio
AST Academic Strategies Asset Allocation Portfolio	AST Franklin 85/15 Diversified Allocation Portfolio
AST Balanced Asset Allocation Portfolio	(formerly AST Legg Mason Diversified Growth Portfolio)
AST Preservation Asset Allocation Portfolio	AST Bond Portfolio 2026
AST Fidelity Institutional AM® Quantitative Portfolio*	AST Global Bond Portfolio
AST Prudential Growth Allocation Portfolio	AST QMA International Core Equity Portfolio
AST Advanced Strategies Portfolio	BlackRock Global Allocation V.I. Fund (Class III)
AST T. Rowe Price Large-Cap Growth Portfolio	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)
AST Government Money Market Portfolio	AST Bond Portfolio 2027
AST Small-Cap Growth Portfolio	NVIT Emerging Markets Fund (Class D)
AST BlackRock/Loomis Sayles Bond Portfolio	AST Bond Portfolio 2028
AST International Value Portfolio	AST Bond Portfolio 2029**
AST International Growth Portfolio	AST American Funds Growth Allocation Portfolio
AST Investment Grade Bond Portfolio	AST Bond Portfolio 2030
AST Western Asset Core Plus Bond Portfolio	AST BlackRock 80/20 Target Allocation ETF Portfolio
AST Cohen & Steers Global Realty Portfolio	AST BlackRock 60/40 Target Allocation ETF Portfolio
AST Emerging Markets Equity Portfolio	AST Dimensional Global Core Allocation Portfolio***
AST Goldman Sachs Small-Cap Value Portfolio	AST Bond Portfolio 2031
AST AllianzGI World Trends Portfolio	MFS® International Growth Portfolio (Service Shares)
AST J.P. Morgan Global Thematic Portfolio	MFS® Massachusetts Investors Growth Stock
AST Goldman Sachs Multi-Asset Portfolio*	Portfolio (Service Shares)
ProFund VP Consumer Services	MFS® Technology Portfolio (Service Shares)
ProFund VP Consumer Goods	MFS® Mid Cap Growth Series (Service Shares)
ProFund VP Financials	MFS® New Discovery Series (Service Shares)
ProFund VP Health Care	MFS® Research Series (Service Shares)
ProFund VP Industrials	MFS® Total Return Bond Series (Service Shares)
ProFund VP Mid-Cap Growth	MFS® Total Return Series (Service Shares)
ProFund VP Mid-Cap Value	MFS® Utilities Series (Service Shares)
ProFund VP Real Estate	American Funds IS Asset Allocation Fund (Class 4)
ProFund VP Small-Cap Growth	American Funds IS Washington Mutual Investors Fund (Class 4)
ProFund VP Small-Cap Value	(formerly American Funds IS Blue Chip Income and
ProFund VP Telecommunications	Growth Fund (Class 4))
ProFund VP Utilities	American Funds IS The Bond Fund of America (Class 4)
ProFund VP Large-Cap Growth	(formerly American Funds IS Bond Fund (Class 4))
ProFund VP Large-Cap Value	American Funds IS Capital World Growth and Income Fund
AST Jennison Large-Cap Growth Portfolio	(Class 4) (formerly American Funds IS Global Growth
AST Bond Portfolio 2021***	and Income Fund (Class 4))
Allspring VT International Equity Fund (Class 1) (formerly	American Funds IS Global Small Capitalization Fund (Class 4)
Wells Fargo VT International Equity Fund (Class 1))	American Funds IS Growth Fund (Class 4)
Allspring VT Omega Growth Fund (Class 1) (formerly	American Funds IS Growth-Income Fund (Class 4)
Wells Fargo VT Omega Growth Fund (Class 1))	American Funds IS International Fund (Class 4)
AST Bond Portfolio 2022	American Funds IS New World Fund® (Class 4)
AST Quantitative Modeling Portfolio	BlackRock Advantage Large Cap Core V.I. Fund (Class III)
AST BlackRock Global Strategies Portfolio	BlackRock Advantage Large Cap Value V.I. Fund (Class III)
Allspring VT Opportunity Fund (Class 1) (formerly Wells Fargo	BlackRock Capital Appreciation V.I. Fund (Class III)
VT Opportunity Fund (Class 1))	BlackRock Equity Dividend V.I. Fund (Class III)
AST Prudential Core Bond Portfolio	BlackRock Large Cap Focus Growth V.I. Fund (Class III)
AST Bond Portfolio 2023	Fidelity® VIP Balanced Portfolio (Service Class 2)

A105

Note 1:    General (continued)

Fidelity® VIP Contrafund® Portfolio (Service Class 2)	BlackRock Equity Dividend V.I. Fund (Class I)**
Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)	BlackRock Global Allocation V.I. Fund (Class I)**
Fidelity® VIP Health Care Portfolio (Service Class 2)	PSF PGIM 50/50 Balanced Portfolio (Class I)**
BlackRock Basic Value V.I. Fund (Class III)	DFA VA Global Bond Portfolio**
AST Bond Portfolio 2032	DFA VA Global Moderate Allocation Portfolio**
PSF Global Portfolio (Class III)	DFA VA International Small Portfolio**
PSF Mid-Cap Growth Portfolio (Class III)	DFA VA International Value Portfolio**
PSF Natural Resources Portfolio (Class III)	DFA VA Short-Term Fixed Portfolio**
PSF PGIM 50/50 Balanced Portfolio (Class III)	DFA VA U.S. Large Value Portfolio**
PSF PGIM Flexible Managed Portfolio (Class III)	Fidelity® VIP Balanced Portfolio (Initial Class)**
PSF PGIM Government Income Portfolio (Class III)	Fidelity® VIP Consumer Discretionary Portfolio
PSF PGIM High Yield Bond Portfolio (Class III)	(Initial Class)**
PSF PGIM Jennison Blend Portfolio (Class III)	Fidelity® VIP Contrafund® Portfolio (Initial Class)**
PSF PGIM Jennison Focused Blend Portfolio (Class III)	Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)**
PSF PGIM Jennison Growth Portfolio (Class III)	Fidelity® VIP Financial Services Portfolio (Initial Class)**
PSF PGIM Jennison Value Portfolio (Class III)	Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)**
PSF PGIM Total Return Bond Portfolio (Class III)	Fidelity® VIP Growth Opportunities Portfolio (Initial Class)**
PSF Small-Cap Stock Index Portfolio (Class III)	Fidelity® VIP Growth Portfolio (Initial Class)**
PSF Stock Index Portfolio (Class III)	Fidelity® VIP Health Care Portfolio (Initial Class)**
MFS® Investors Trust Series (Service Shares)	Fidelity® VIP High Income Portfolio (Initial Class)**
MFS® International Intrinsic Value Portfolio (Initial Class)	Fidelity® VIP Industrials Portfolio (Initial Class)**
MFS® Mid Cap Growth Series (Initial Class)	Fidelity® VIP Strategic Income Portfolio (Initial Class)**
Western Asset Core Plus VIT Portfolio (Class I)	Fidelity® VIP Technology Portfolio (Initial Class)**
ClearBridge Variable Small Cap Growth Portfolio (Class I)	Fidelity® VIP Utilities Portfolio (Initial Class)**
ClearBridge Variable Large Cap Growth Portfolio (Class I)	PSF PGIM Flexible Managed Portfolio (Class I)**
Fidelity® VIP International Capital Appreciation Portfolio	PSF PGIM Government Income Portfolio (Class I)**
(Initial Class)	ClearBridge Variable Aggressive Growth Portfolio (Class I)**
Fidelity® VIP Mid Cap Portfolio (Initial Class)	ClearBridge Variable Appreciation Portfolio (Class I)**
Fidelity® VIP Emerging Markets Portfolio (Initial Class)	ClearBridge Variable Mid Cap Portfolio (Class I)**
DFA VA U.S. Targeted Value Portfolio	Franklin Multi-Asset Variable Conservative Growth
BlackRock Large Cap Focus Growth V.I. Fund (Class I)	Fund (Class I)**
American Funds IS U.S. Government Securities Fund (Class 1)	Franklin Multi-Asset Variable Growth Fund (Class I)**
American Funds IS The Bond Fund of America (Class 1)	Franklin Multi-Asset Variable Moderate Growth Fund (Class I)**
Vanguard International Portfolio	Western Asset Variable Global High Yield Bond Portfolio (Class I)**
Vanguard Diversified Value Portfolio	MFS® Utilities Series (Initial Class)**
Vanguard Total International Stock Market Index Portfolio	MFS® Investors Trust Series (Initial Class)**
Vanguard Mid-Cap Index Portfolio	MFS® Total Return Series (Initial Class)**
Vanguard Equity Index Portfolio	MFS® Massachusetts Investors Growth Stock Portfolio
MFS® Total Return Bond Series (Initial Class)	(Initial Class)**
Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)	MFS® Technology Portfolio (Initial Class)**
MFS® New Discovery Series (Initial Class)	MFS® Value Series (Initial Class)**
ClearBridge Variable Dividend Strategy Portfolio (Class I)	PSF Natural Resources Portfolio (Class I)**
American Funds IS Asset Allocation Fund (Class 1)**	Vanguard Global Bond Index**
American Funds IS Washington Mutual Investors	Vanguard Real Estate Index Portfolio**
Fund (Class 1)**	Vanguard Total Bond Market Index Portfolio**
American Funds IS Growth Fund (Class 1)**	Vanguard Total Stock Market Index Portfolio**
American Funds IS Growth-Income Fund (Class 1)**	Vanguard Balanced Portfolio**
American Funds IS Ultra-Short Bond Fund (Class 1)**	Vanguard Capital Growth Portfolio**
AST Western Asset Corporate Bond Portfolio**	Vanguard Conservative Allocation Portfolio**
AST T. Rowe Price Corporate Bond Portfolio**	Vanguard Equity Income Portfolio**
AST PIMCO Corporate Bond Portfolio**	Vanguard Growth Portfolio**
AST Prudential Corporate Bond Portfolio**	Vanguard High Yield Bond Portfolio**
AST BlackRock Corporate Bond Portfolio**	Vanguard Moderate Allocation Portfolio**
BlackRock Advantage Large Cap Core V.I. Fund (Class I)**	Vanguard Short-Term Investment Grade Portfolio**
BlackRock Basic Value V.I. Fund (Class I)**	Allspring VT Small Cap Growth Fund (Class 1) (formerly Wells
BlackRock Capital Appreciation V.I. Fund (Class I)**	Fargo VT Small Cap Growth Fund (Class 1))**

A106

Note 1:    General (continued)

*	Subaccount merged during the period ended December 31, 2021.
**	Subaccount was available for investment but had no assets as of December 31, 2021, and had no activity during 2021.
***	Subaccount liquidated during the period ended December 31, 2021.
****	Subaccount was available for investment but had no assets as of December 31, 2021.

The following table sets forth the dates at which mergers took place in the Account. The transfers from the removed subaccounts to the surviving subaccounts for the period ended December 31, 2021 are reflected in the Statements of Changes in Net Assets as net transfers between subaccounts and purchases and sales in Note 5.

Merger Date	Removed Portfolio	Surviving Portfolio
February 19, 2021	AST WEDGE Capital Mid-Cap Value Portfolio	AST Mid-Cap Value Portfolio
February 19, 2021	AST Goldman Sachs Multi-Asset Portfolio	AST J.P. Morgan Tactical Preservation Portfolio
October 15, 2021	AST QMA US Equity Alpha Portfolio	AST Large-Cap Core Portfolio
October 15, 2021	AST Fidelity Institutional AM® Quantitative Portfolio	AST T. Rowe Price Asset Allocation Portfolio

The Portfolios are open-end management investment companies, and each portfolio of The Prudential Series Fund and the Advanced Series Trust is managed by affiliates of Prudential. Each subaccount of the Account indirectly bears exposure to the market, credit and liquidity risks of the portfolio in which it invests. These financial statements should be read in conjunction with the financial statements and footnotes of the Portfolios. Additional information on these Portfolios is available upon request to the appropriate companies.

New sales of certain products which invest in the Account have been discontinued. However, premium payments made by contract ownerswill continue to be received by the Account, subject to the rules of the products and any optional benefits, if elected.

COVID-19 - Since the first quarter of 2020, the novel coronavirus (“COVID-19”) has resulted in extreme stress and disruption in the global economy and financial markets. While the markets have rebounded, the pandemic has adversely impacted, and may continue to adversely impact, the financial performance of the portfolios in which the subaccounts invest. Due to the highly uncertain nature of these conditions, it is not possible to estimate the ultimate impacts at this time. Management will continue to monitor developments, and their impact on the fair value of the portfolios.

Note 2:    Significant Accounting Policies

The Account is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services-Investment Companies, which is part of the generally accepted accounting principles in the United States of America (“GAAP”). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of investment in the Portfolios. Subsequent events have been evaluated through the date these financial statements were issued, and no adjustment or disclosure is required in the financial statements.

Investments - The investments in shares of the Portfolios are stated at the reported net asset value per share of the respective Portfolios, which is based on the fair value of the underlying securities in the respective Portfolios. All changes in fair value are recorded as net change in unrealized appreciation (depreciation) on investments in the Statements of Operations of the applicable subaccounts.

Security Transactions - Purchase and sale transactions are recorded as of the trade date of the security being purchased or sold. Realized gains and losses on security transactions are determined based upon the average cost method.

A107

Note 2:    Significant Accounting Policies (continued)

Dividend Income and Distributions Received - Dividend and capital gain distributions received are reinvested in additional shares of the Portfolios and are recorded on the ex-distribution date.

Note 3:    Fair Value Measurements

Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows:

Level 1 - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities that the Account can access.

Level 2 - Fair value is based on significant inputs, other than Level 1 inputs, that are observable for the investment, either directly or indirectly, for substantially the full term of the investment through corroboration with observable market data. Level 2 inputs include the reported net asset value per share of the underlying portfolio, quoted market prices in active markets for similar investments, quoted market prices in markets that are not active for identical or similar investments, and other market observable inputs.

Level 3 - Fair value is based on at least one significant unobservable input for the investment, which may require significant judgment or estimation in determining the fair value.

As of December 31, 2021, management determined that the fair value inputs for all of the Account’s investments, which consist solely of investments in open-end mutual funds registered with the SEC, were considered Level 2.

Note 4:    Taxes

Pruco Life of New Jersey is taxed as a “life insurance company” as defined by the Internal Revenue Code. The results of operations of the Account form a part of Prudential Financial’s consolidated federal tax return. No federal, state or local income taxes are payable by the Account. As such, no provision for tax liability has been recorded in these financial statements. Prudential management will review periodically the status of the policy in the event of changes in the tax law.

Note 5:    Purchases and Sales of Investments

The aggregate costs of purchases and proceeds from sales, excluding distributions received and reinvested, of investments in the Portfolios for the period ended December 31,2021 were as follows:

	Purchases		Sales
PSF PGIM Government Money Market Portfolio (Class I)	$	1,493,034	$	1,229,802
PSF PGIM Total Return Bond Portfolio (Class I)	251,795		1,464,635
PSF PGIM Jennison Blend Portfolio (Class I)	47,862		2,917,885
PSF PGIM Jennison Value Portfolio (Class I)	333,816		3,033,235
PSF PGIM High Yield Bond Portfolio (Class I)	361,471		1,516,142
PSF Stock Index Portfolio (Class I)	5,246,151		7,910,188
PSF Global Portfolio (Class I)	68,755		653,069
PSF PGIM Jennison Growth Portfolio (Class I)	211,131		5,723,129
PSF Small-Cap Stock Index Portfolio (Class I)	1,530,274		2,065,716
T. Rowe Price International Stock Portfolio	78,031		248,530
T. Rowe Price Equity Income Portfolio (Equity Income Class)	24,525		1,032,053
Invesco V.I. Core Equity Fund (Series I)	15,408		1,304,312
Janus Henderson VIT Research Portfolio (Institutional Shares)	13,224		1,118,627
Janus Henderson VIT Overseas Portfolio (Institutional Shares)	34,469		642,985

A108

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
MFS® Research Series (Initial Class)	$	13,997	$	389,383
MFS® Growth Series (Initial Class)	135,520		1,205,082
American Century VP Value Fund (Class I)	62,902		180,448
Franklin Small-Mid Cap Growth VIP Fund (Class 2)	56,148		574,397
PSF PGIM Jennison Focused Blend Portfolio (Class I)	2,084		671,768
Davis Value Portfolio	6,511		278,253
AB VPS Large Cap Growth Portfolio (Class B)	18,372		25,887
PSF Small-Cap Value Portfolio (Class I)	221,751		1,374,992
Janus Henderson VIT Research Portfolio (Service Shares)	8,699		41,897
PSF Mid-Cap Growth Portfolio (Class I)	198,706		1,508,849
PSF International Growth Portfolio (Class I)	92,601		244,832
AST Cohen & Steers Realty Portfolio	10,179,414		13,382,745
AST J.P. Morgan Tactical Preservation Portfolio	242,460,320		62,770,072
AST T. Rowe Price Large-Cap Value Portfolio	15,003,492		26,192,534
AST High Yield Portfolio	5,505,145		6,854,858
AST Small-Cap Growth Opportunities Portfolio	5,347,974		7,564,344
AST WEDGE Capital Mid-Cap Value Portfolio	195,538		10,627,496
AST Small-Cap Value Portfolio	4,171,889		6,876,561
AST Mid-Cap Growth Portfolio	10,509,884		18,403,079
AST Hotchkis & Wiley Large-Cap Value Portfolio	8,910,968		15,539,194
AST Loomis Sayles Large-Cap Growth Portfolio	8,553,831		15,608,454
AST MFS Growth Portfolio	8,074,787		11,565,713
AST Mid-Cap Value Portfolio	15,666,035		14,163,677
AST BlackRock Low Duration Bond Portfolio	11,200,115		10,427,227
AST QMA US Equity Alpha Portfolio	4,391,384		41,545,000
AST T. Rowe Price Natural Resources Portfolio	10,235,822		15,994,629
AST T. Rowe Price Asset Allocation Portfolio	475,691,856		233,700,700
AST MFS Global Equity Portfolio	4,342,137		9,252,379
AST J.P. Morgan International Equity Portfolio	3,636,296		6,055,731
AST Wellington Management Hedged Equity Portfolio	16,591,395		32,309,481
AST Capital Growth Asset Allocation Portfolio	42,164,683		123,231,343
AST Academic Strategies Asset Allocation Portfolio	22,780,205		54,725,705
AST Balanced Asset Allocation Portfolio	41,881,481		140,614,280
AST Preservation Asset Allocation Portfolio	57,741,725		109,191,966
AST Fidelity Institutional AM® Quantitative Portfolio	27,645,286		451,521,511
AST Prudential Growth Allocation Portfolio	78,960,057		215,862,789
AST Advanced Strategies Portfolio	50,119,279		132,973,640
AST T. Rowe Price Large-Cap Growth Portfolio	24,615,063		33,251,193
AST Government Money Market Portfolio	72,724,992		78,317,382
AST Small-Cap Growth Portfolio	8,294,355		9,804,611
AST BlackRock/Loomis Sayles Bond Portfolio	46,623,193		43,785,899
AST International Value Portfolio	2,665,029		4,047,719
AST International Growth Portfolio	5,937,049		7,758,397
AST Investment Grade Bond Portfolio	68,502,221		78,815,897
AST Western Asset Core Plus Bond Portfolio	32,291,950		31,428,598
AST Cohen & Steers Global Realty Portfolio	1,265,897		2,500,341
AST Emerging Markets Equity Portfolio	6,578,524		7,462,638
AST Goldman Sachs Small-Cap Value Portfolio	5,325,961		12,929,051

A109

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
AST AllianzGI World Trends Portfolio	$	29,113,710	$	76,932,876
AST J.P. Morgan Global Thematic Portfolio	19,443,846		44,923,784
AST Goldman Sachs Multi-Asset Portfolio	1,674,652		225,866,068
ProFund VP Consumer Services	83,688		64,347
ProFund VP Consumer Goods	13,935		14,930
ProFund VP Financials	5,170		62,516
ProFund VP Health Care	40,564		50,885
ProFund VP Industrials	36,695		56,025
ProFund VP Mid-Cap Growth	18,719		12,980
ProFund VP Mid-Cap Value	28,189		52,890
ProFund VP Real Estate	16,805		29,311
ProFund VP Small-Cap Growth	17,880		17,986
ProFund VP Small-Cap Value	35,501		59,413
ProFund VP Telecommunications	429		2,356
ProFund VP Utilities	18,906		30,255
ProFund VP Large-Cap Growth	6,993		45,813
ProFund VP Large-Cap Value	12,724		23,525
AST Jennison Large-Cap Growth Portfolio	13,825,545		16,721,958
AST Bond Portfolio 2021	205,431		12,041,228
Allspring VT International Equity Fund (Class 1)	—		5,217
Allspring VT Omega Growth Fund (Class 1)	—		155,535
AST Bond Portfolio 2022	8,280,389		2,140,861
AST Quantitative Modeling Portfolio	11,213,078		9,737,613
AST BlackRock Global Strategies Portfolio	14,844,876		29,736,738
Allspring VT Opportunity Fund (Class 1)	—		34,644
AST Prudential Core Bond Portfolio	10,464,022		11,851,726
AST Bond Portfolio 2023	21,112		72,865
AST MFS Growth Allocation Portfolio	10,459,106		16,348,895
AST Western Asset Emerging Markets Debt Portfolio	554,099		263,992
AST MFS Large-Cap Value Portfolio	8,191,853		8,743,680
AST Bond Portfolio 2024	20,899		261,886
AST ClearBridge Dividend Growth Portfolio	4,651,390		5,824,643
AST Multi-Sector Fixed Income Portfolio	7,113,663		206,027,901
AST Large-Cap Core Portfolio	36,176,656		2,834,301
AST Bond Portfolio 2025	165,085		220,108
AST T. Rowe Price Growth Opportunities Portfolio	2,077,217		23,697,908
AST T. Rowe Price Diversified Real Growth Portfolio	790,409		1,579,745
AST Prudential Flexible Multi-Strategy Portfolio	1,340,842		2,847,882
AST Franklin 85/15 Diversified Allocation Portfolio	2,696,930		6,181,816
AST Bond Portfolio 2026	174,782		1,136,118
AST Global Bond Portfolio	4,526,028		3,580,899
AST QMA International Core Equity Portfolio	691,329		210,212
BlackRock Global Allocation V.I. Fund (Class III)	900,059		451,245
JPMorgan Insurance Trust Income Builder Portfolio (Class 2)	719,601		127,160
AST Bond Portfolio 2027	536,229		1,046,541
NVIT Emerging Markets Fund (Class D)	89,325		95,922
AST Bond Portfolio 2028	6,054,169		901,926
AST Bond Portfolio 2029	—		—

A110

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
AST American Funds Growth Allocation Portfolio	$	948,696	$	5,648,370
AST Bond Portfolio 2030	1,562,026		7,443,648
AST BlackRock 80/20 Target Allocation ETF Portfolio	360,575		2,530,180
AST BlackRock 60/40 Target Allocation ETF Portfolio	304,393		1,147,878
AST Dimensional Global Core Allocation Portfolio	24,492		576,485
AST Bond Portfolio 2031	14,259,920		13,268,009
MFS® International Growth Portfolio (Service Shares)	528,457		168,032
MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares)	61,417		2,365
MFS® Technology Portfolio (Service Shares)	2,771,647		956,523
MFS® Mid Cap Growth Series (Service Shares)	625,997		89,158
MFS® New Discovery Series (Service Shares)	521,908		273,263
MFS® Research Series (Service Shares)	13,317		14,276
MFS® Total Return Bond Series (Service Shares)	2,675,340		1,140,976
MFS® Total Return Series (Service Shares)	462,991		25,685
MFS® Utilities Series (Service Shares)	1,082,998		55,646
American Funds IS Asset Allocation Fund (Class 4)	1,910,209		103,028
American Funds IS Washington Mutual Investors Fund (Class 4)	1,274,713		55,388
American Funds IS The Bond Fund of America (Class 4)	1,889,627		218,950
American Funds IS Capital World Growth and Income Fund (Class 4)	504,055		37,813
American Funds IS Global Small Capitalization Fund (Class 4)	219,328		8,630
American Funds IS Growth Fund (Class 4)	3,013,091		474,697
American Funds IS Growth-Income Fund (Class 4)	742,998		66,874
American Funds IS International Fund (Class 4)	149,463		3,852
American Funds IS New World Fund® (Class 4)	569,351		70,997
BlackRock Advantage Large Cap Core V.I. Fund (Class III)	581,474		224,749
BlackRock Advantage Large Cap Value V.I. Fund (Class III)	1,014,202		116,039
BlackRock Capital Appreciation V.I. Fund (Class III)	467,602		88,232
BlackRock Equity Dividend V.I. Fund (Class III)	1,171,734		273,010
BlackRock Large Cap Focus Growth V.I. Fund (Class III)	1,920,988		431,185
Fidelity® VIP Balanced Portfolio (Service Class 2)	2,786,756		116,231
Fidelity® VIP Contrafund® Portfolio (Service Class 2)	2,499,538		591,666
Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)	3,496,823		2,067,929
Fidelity® VIP Health Care Portfolio (Service Class 2)	1,994,024		300,184
BlackRock Basic Value V.I. Fund (Class III)	311,128		148,332
AST Bond Portfolio 2032	7,151,510		1,412,670
PSF Global Portfolio (Class III)	17,297		1,570
PSF Mid-Cap Growth Portfolio (Class III)	383,730		116,361
PSF Natural Resources Portfolio (Class III)	355,325		42,241
PSF PGIM 50/50 Balanced Portfolio (Class III)	888,150		85,174
PSF PGIM Flexible Managed Portfolio (Class III)	427,768		31,605
PSF PGIM Government Income Portfolio (Class III)	120,509		24,792
PSF PGIM High Yield Bond Portfolio (Class III)	1,428,046		31,115
PSF PGIM Jennison Blend Portfolio (Class III)	168,307		549
PSF PGIM Jennison Focused Blend Portfolio (Class III)	11,664		73
PSF PGIM Jennison Growth Portfolio (Class III)	1,045,746		56,635
PSF PGIM Jennison Value Portfolio (Class III)	224,460		3,323
PSF PGIM Total Return Bond Portfolio (Class III)	1,612,906		56,046
PSF Small-Cap Stock Index Portfolio (Class III)	1,245,966		57,454

A111

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
PSF Stock Index Portfolio (Class III)	$	4,562,163	$	75,139
MFS® Investors Trust Series (Service Shares)	47,738		114
MFS® International Intrinsic Value Portfolio (Initial Class)	45,579		2,097
MFS® Mid Cap Growth Series (Initial Class)	17,342		3,575
Western Asset Core Plus VIT Portfolio (Class I)	34,685		6,588
ClearBridge Variable Small Cap Growth Portfolio (Class I)	55,040		1,802
ClearBridge Variable Large Cap Growth Portfolio (Class I)	56,770		147
Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)	45,579		2,153
Fidelity® VIP Mid Cap Portfolio (Initial Class)	70,928		3,385
Fidelity® VIP Emerging Markets Portfolio (Initial Class)	101,268		2,974
DFA VA U.S. Targeted Value Portfolio	47,136		1,423
BlackRock Large Cap Focus Growth V.I. Fund (Class I)	334,925		14,111
American Funds IS U.S. Government Securities Fund (Class 1)	118,693		2,661
American Funds IS The Bond Fund of America (Class 1)	17,342		3,311
Vanguard International Portfolio	213,008		4,576
Vanguard Diversified Value Portfolio	213,324		8,037
Vanguard Total International Stock Market Index Portfolio	24,330		107
Vanguard Mid-Cap Index Portfolio	136,816		115
Vanguard Equity Index Portfolio	48,660		231
MFS® Total Return Bond Series (Initial Class)	17,342		3,287
Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)	118,771		2,527
MFS® New Discovery Series (Initial Class)	58,465		2,245
ClearBridge Variable Dividend Strategy Portfolio (Class I)	141,407		4,139

Note 6:    Related Party Transactions

The Account has extensive transactions and relationships with Prudential and other affiliates. Due to these relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among wholly unrelated parties. Prudential Financial and its affiliates perform various services on behalf of the portfolios of The Prudential Series Fund and the Advanced Series Trust in which the Account invests and may receive fees for the services performed. These services include, among other things, investment management, subadvisory, shareholder communications, postage, transfer agency and various other record keeping, administrative and customer service functions.

The Prudential Series Fund has entered into a management agreement with PGIM Investments LLC ("PGIM Investments"), and the Advanced Series Trust has entered into a management agreement with PGIM Investments and AST Investment Services, Inc., both indirect, wholly-owned subsidiaries of Prudential Financial (together, the “Investment Managers”). Pursuant to these agreements, the Investment Managers have responsibility for all investment advisory services and supervise the subadvisers’ performance of such services with respect to each portfolio of The Prudential Series Fund and the Advanced Series Trust. The Investment Managers have entered into subadvisory agreements with several subadvisers, including PGIM, Inc., PGIM Limited, Jennison Associates LLC, and PGIM Quantitative Solutions LLC (formerly QMA LLC), each of which are indirect, wholly-owned subsidiaries of Prudential Financial.

The Prudential Series Fund has a distribution agreement with Prudential Investment Management Services LLC (“PIMS”), an indirect, wholly-owned subsidiary of Prudential Financial, which acts as the distributor of the Class I and Class II shares of the portfolios of The Prudential Series Fund. No distribution or service (12b-1) fees are paid to PIMS as distributor of the Class I shares of the portfolios of The Prudential Series Fund, which is the class of shares owned by the Account.

A112

Note 6:    Related Party Transactions (continued)

The Advanced Series Trust has a distribution agreement with Prudential Annuities Distributors, Inc. (“PAD”), an indirect, wholly-owned subsidiary of Prudential Financial, which acts as the distributor of the shares of each portfolio of the Advanced Series Trust. Distribution and service fees are paid to PAD by most portfolios of the Advanced Series Trust.

Prudential Mutual Fund Services LLC, an affiliate of the Investment Managers and an indirect, wholly-owned subsidiary of Prudential Financial, serves as the transfer agent of each portfolio of The Prudential Series Fund and the Advanced Series Trust.

Certain charges and fees of the portfolios of The Prudential Series Fund and the Advanced Series Trust may be waived and/or reimbursed by Prudential and its affiliates. Prudential and its affiliates reserve the right to discontinue these waivers/reimbursements at its discretion, subject to the contractual obligations of Prudential and its affiliates.

See The Prudential Series Fund and the Advanced Series Trust financial statements for further discussion of such expense and waiver/reimbursement arrangements. The Account indirectly bears the expenses of the underlying portfolios of The Prudential Series Fund and the Advanced Series Trust in which it invests, including the related party expenses disclosed above.

Note 7:    Financial Highlights

Pruco Life of New Jersey sells a number of variable annuity products that are funded through the Account. These products have unique combinations of features and fees that are charged against the contract owner’s account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns.

In the table below, the units, the net assets, the investment income ratio, and the ranges of lowest to highest unit values, expense ratios, and total returns are presented for the products offered by Pruco Life of New Jersey and funded through the Account. Only product designs within each subaccount that had units outstanding during the respective periods were considered when determining the ranges. The summary may not reflect the minimum and maximum contract charges as contract owners may not have selected all available contract options offered by Pruco Life of New Jersey.

A113

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	PSF PGIM Government Money Market Portfolio (Class I)
December 31, 2021	5,032	$	0.89	to	$	9.67	$	5,656	0.04	%	1.00	%	to	1.75	%	-1.62	%	to	-0.95	%
December 31, 2020	4,551	$	0.91	to	$	9.77	$	5,391	0.30	%	1.00	%	to	1.75	%	-1.38	%	to	-0.70	%
December 31, 2019	4,620	$	0.92	to	$	9.84	$	5,543	1.91	%	1.00	%	to	1.75	%	0.17	%	to	0.91	%
December 31, 2018	5,292	$	0.92	to	$	9.75	$	6,213	1.51	%	1.00	%	to	1.75	%	-0.24	%	to	0.52	%
December 31, 2017	6,350	$	0.92	to	$	9.70	$	7,457	0.55	%	1.00	%	to	1.75	%	-1.19	%	to	-0.44	%
	PSF PGIM Total Return Bond Portfolio (Class I)
December 31, 2021	3,520	$	2.67	to	$	3.09	$	10,866	0.00	%	1.35	%	to	1.40	%	-2.13	%	to	-2.08	%
December 31, 2020	3,863	$	2.72	to	$	3.16	$	12,186	0.00	%	1.35	%	to	1.40	%	6.95	%	to	7.01	%
December 31, 2019	4,326	$	2.40	to	$	2.95	$	12,762	0.00	%	1.35	%	to	1.65	%	9.10	%	to	9.42	%
December 31, 2018	4,972	$	2.20	to	$	2.70	$	13,399	0.00	%	1.35	%	to	1.65	%	-1.78	%	to	-1.49	%
December 31, 2017	5,697	$	2.24	to	$	2.74	$	15,603	0.00	%	1.35	%	to	1.65	%	5.27	%	to	5.58	%
	PSF PGIM Jennison Blend Portfolio (Class I)
December 31, 2021	2,882	$	4.34	to	$	7.10	$	19,500	0.00	%	1.35	%	to	1.80	%	18.23	%	to	18.75	%
December 31, 2020	3,290	$	3.65	to	$	5.98	$	18,760	0.00	%	1.35	%	to	1.80	%	26.72	%	to	27.28	%
December 31, 2019	3,905	$	2.70	to	$	4.70	$	17,364	0.00	%	1.35	%	to	1.80	%	26.60	%	to	27.17	%
December 31, 2018	4,371	$	2.13	to	$	3.70	$	15,238	0.00	%	1.35	%	to	1.80	%	-6.55	%	to	-6.13	%
December 31, 2017	5,154	$	2.28	to	$	3.94	$	19,207	0.00	%	1.35	%	to	1.80	%	23.56	%	to	24.11	%
	PSF PGIM Jennison Value Portfolio (Class I)
December 31, 2021	3,657	$	3.24	to	$	6.61	$	18,510	0.00	%	1.35	%	to	1.80	%	25.53	%	to	26.09	%
December 31, 2020	4,160	$	2.58	to	$	5.24	$	16,791	0.00	%	1.35	%	to	1.80	%	1.75	%	to	2.20	%
December 31, 2019	4,886	$	2.54	to	$	5.13	$	19,106	0.00	%	1.35	%	to	1.80	%	23.83	%	to	24.38	%
December 31, 2018	5,461	$	2.05	to	$	4.13	$	17,214	0.00	%	1.35	%	to	1.80	%	-11.48	%	to	-11.09	%
December 31, 2017	6,702	$	2.32	to	$	4.64	$	24,414	0.00	%	1.35	%	to	1.80	%	14.92	%	to	15.43	%
	PSF PGIM High Yield Bond Portfolio (Class I)
December 31, 2021	1,782	$	3.23	to	$	21.51	$	10,369	0.00	%	0.40	%	to	1.80	%	6.02	%	to	7.50	%
December 31, 2020	1,983	$	3.03	to	$	20.21	$	10,712	0.00	%	1.35	%	to	1.80	%	5.21	%	to	5.68	%
December 31, 2019	2,267	$	2.70	to	$	19.13	$	11,776	0.00	%	1.35	%	to	1.80	%	14.27	%	to	14.78	%
December 31, 2018	2,557	$	2.36	to	$	16.68	$	11,646	2.95	%	1.35	%	to	1.80	%	-3.02	%	to	-2.58	%
December 31, 2017	3,035	$	2.43	to	$	17.13	$	14,230	6.09	%	1.35	%	to	1.80	%	5.90	%	to	6.39	%
	PSF Stock Index Portfolio (Class I)
December 31, 2021	5,180	$	3.35	to	$	18.49	$	51,905	0.00	%	0.35	%	to	1.95	%	25.78	%	to	27.83	%
December 31, 2020	5,581	$	2.66	to	$	14.49	$	42,621	0.00	%	0.35	%	to	1.95	%	15.78	%	to	17.66	%
December 31, 2019	5,676	$	2.29	to	$	12.34	$	32,340	0.00	%	0.48	%	to	1.95	%	8.05	%	to	30.35	%
December 31, 2018	5,460	$	1.77	to	$	9.47	$	20,531	0.00	%	0.55	%	to	1.95	%	-6.26	%	to	-4.55	%
December 31, 2017	5,984	$	1.89	to	$	4.31	$	22,041	1.59	%	1.35	%	to	1.75	%	19.38	%	to	19.85	%
	PSF Global Portfolio (Class I)
December 31, 2021	935	$	2.34	to	$	5.14	$	4,338	0.00	%	1.40	%	to	1.75	%	16.20	%	to	16.60	%
December 31, 2020	1,056	$	2.01	to	$	4.41	$	4,186	0.00	%	1.40	%	to	1.75	%	13.84	%	to	14.24	%
December 31, 2019	1,263	$	1.77	to	$	3.86	$	4,321	0.00	%	1.40	%	to	1.75	%	28.15	%	to	28.59	%
December 31, 2018	1,456	$	1.38	to	$	3.00	$	3,779	0.00	%	1.40	%	to	1.75	%	-8.92	%	to	-8.60	%
December 31, 2017	1,895	$	1.51	to	$	3.28	$	5,464	0.00	%	1.40	%	to	1.75	%	22.70	%	to	23.12	%
	PSF PGIM Jennison Growth Portfolio (Class I)
December 31, 2021	3,016	$	3.95	to	$	11.56	$	30,035	0.00	%	1.35	%	to	1.80	%	13.96	%	to	14.46	%
December 31, 2020	3,508	$	3.46	to	$	10.11	$	30,868	0.00	%	1.35	%	to	1.80	%	53.44	%	to	54.12	%
December 31, 2019	4,496	$	2.25	to	$	6.56	$	25,179	0.00	%	1.35	%	to	1.80	%	30.99	%	to	31.57	%
December 31, 2018	5,052	$	1.71	to	$	4.99	$	21,649	0.00	%	1.35	%	to	1.80	%	-2.54	%	to	-2.11	%
December 31, 2017	6,090	$	1.75	to	$	5.10	$	26,906	0.00	%	1.35	%	to	1.80	%	34.29	%	to	34.88	%
	PSF Small-Cap Stock Index Portfolio (Class I)
December 31, 2021	879	$	7.20	to	$	14.98	$	10,220	0.00	%	0.35	%	to	1.90	%	23.94	%	to	25.90	%
December 31, 2020	939	$	5.78	to	$	11.93	$	8,500	0.00	%	0.35	%	to	1.90	%	8.88	%	to	10.60	%
December 31, 2019	925	$	5.28	to	$	10.80	$	7,261	0.00	%	0.48	%	to	1.90	%	4.55	%	to	21.75	%
December 31, 2018	832	$	4.37	to	$	8.87	$	5,004	0.00	%	0.55	%	to	1.90	%	-11.25	%	to	-9.95	%
December 31, 2017	760	$	4.85	to	$	5.97	$	4,531	0.00	%	1.35	%	to	1.40	%	11.44	%	to	11.50	%

A114

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	T. Rowe Price International Stock Portfolio
December 31, 2021	554	$	2.42	to	$	2.42	$	1,343	0.57	%	1.40	%	to	1.40	%	-0.08	%	to	-0.08	%
December 31, 2020	613	$	2.43	to	$	2.43	$	1,488	0.56	%	1.40	%	to	1.40	%	12.87	%	to	12.87	%
December 31, 2019	748	$	2.15	to	$	2.15	$	1,607	2.39	%	1.40	%	to	1.40	%	26.00	%	to	26.00	%
December 31, 2018	822	$	1.71	to	$	1.71	$	1,401	1.33	%	1.40	%	to	1.40	%	-15.40	%	to	-15.40	%
December 31, 2017	921	$	2.02	to	$	2.02	$	1,857	1.12	%	1.40	%	to	1.40	%	26.12	%	to	26.12	%
	T. Rowe Price Equity Income Portfolio (Equity Income Class)
December 31, 2021	1,072	$	5.54	to	$	5.54	$	5,942	1.55	%	1.40	%	to	1.40	%	23.81	%	to	23.81	%
December 31, 2020	1,252	$	3.01	to	$	4.48	$	5,604	2.32	%	1.35	%	to	1.40	%	-0.22	%	to	-0.17	%
December 31, 2019	1,408	$	3.01	to	$	4.48	$	6,314	2.32	%	1.35	%	to	1.40	%	24.65	%	to	24.71	%
December 31, 2018	1,464	$	2.41	to	$	3.60	$	5,269	1.98	%	1.35	%	to	1.40	%	-10.76	%	to	-10.71	%
December 31, 2017	1,672	$	2.70	to	$	4.03	$	6,739	1.73	%	1.35	%	to	1.40	%	14.42	%	to	14.48	%
	Invesco V.I. Core Equity Fund (Series I)
December 31, 2021	1,561	$	2.53	to	$	4.94	$	7,695	0.63	%	1.40	%	to	1.65	%	25.67	%	to	25.97	%
December 31, 2020	1,821	$	2.02	to	$	3.92	$	7,129	1.32	%	1.40	%	to	1.65	%	12.00	%	to	12.28	%
December 31, 2019	2,127	$	1.80	to	$	3.49	$	7,417	0.94	%	1.40	%	to	1.65	%	26.87	%	to	27.18	%
December 31, 2018	2,291	$	1.42	to	$	2.75	$	6,284	0.88	%	1.40	%	to	1.65	%	-10.88	%	to	-10.66	%
December 31, 2017	2,559	$	1.59	to	$	3.08	$	7,854	1.03	%	1.40	%	to	1.65	%	11.34	%	to	11.62	%
	Janus Henderson VIT Research Portfolio (Institutional Shares)
December 31, 2021	853	$	3.31	to	$	6.61	$	5,623	0.10	%	1.35	%	to	1.40	%	18.67	%	to	18.73	%
December 31, 2020	1,022	$	2.79	to	$	5.57	$	5,675	0.53	%	1.35	%	to	1.40	%	31.12	%	to	31.18	%
December 31, 2019	1,322	$	2.12	to	$	4.25	$	5,598	0.46	%	1.35	%	to	1.40	%	33.65	%	to	33.72	%
December 31, 2018	1,399	$	1.50	to	$	3.18	$	4,434	0.53	%	1.35	%	to	1.65	%	-4.17	%	to	-3.88	%
December 31, 2017	1,625	$	1.57	to	$	3.31	$	5,355	0.39	%	1.35	%	to	1.65	%	25.81	%	to	26.18	%
	Janus Henderson VIT Overseas Portfolio (Institutional Shares)
December 31, 2021	961	$	2.62	to	$	4.85	$	4,606	1.13	%	1.35	%	to	1.65	%	11.74	%	to	12.07	%
December 31, 2020	1,075	$	2.35	to	$	4.33	$	4,608	1.34	%	1.35	%	to	1.65	%	14.41	%	to	14.75	%
December 31, 2019	1,227	$	2.05	to	$	3.78	$	4,591	1.90	%	1.35	%	to	1.65	%	24.96	%	to	25.33	%
December 31, 2018	1,335	$	1.64	to	$	3.02	$	3,990	1.74	%	1.35	%	to	1.65	%	-16.33	%	to	-16.09	%
December 31, 2017	1,421	$	1.96	to	$	3.60	$	5,067	1.65	%	1.35	%	to	1.65	%	29.00	%	to	29.38	%
	MFS® Research Series (Initial Class)
December 31, 2021	253	$	6.05	to	$	6.05	$	1,532	0.54	%	1.40	%	to	1.40	%	23.08	%	to	23.08	%
December 31, 2020	315	$	4.91	to	$	4.91	$	1,548	0.72	%	1.40	%	to	1.40	%	14.98	%	to	14.98	%
December 31, 2019	369	$	4.27	to	$	4.27	$	1,576	0.78	%	1.40	%	to	1.40	%	31.11	%	to	31.11	%
December 31, 2018	387	$	3.26	to	$	3.26	$	1,262	0.69	%	1.40	%	to	1.40	%	-5.70	%	to	-5.70	%
December 31, 2017	423	$	3.46	to	$	3.46	$	1,462	1.34	%	1.40	%	to	1.40	%	21.67	%	to	21.67	%
	MFS® Growth Series (Initial Class)
December 31, 2021	992	$	4.71	to	$	8.43	$	8,360	0.00	%	1.35	%	to	1.40	%	21.83	%	to	21.88	%
December 31, 2020	1,115	$	3.86	to	$	6.92	$	7,717	0.00	%	1.35	%	to	1.40	%	30.03	%	to	30.10	%
December 31, 2019	1,331	$	2.97	to	$	5.32	$	7,084	0.00	%	1.35	%	to	1.40	%	36.24	%	to	36.31	%
December 31, 2018	1,421	$	2.06	to	$	3.91	$	5,550	0.09	%	1.35	%	to	1.65	%	0.99	%	to	1.29	%
December 31, 2017	1,744	$	2.04	to	$	3.86	$	6,727	0.10	%	1.35	%	to	1.65	%	29.28	%	to	29.66	%
	American Century VP Value Fund (Class I)
December 31, 2021	349	$	4.62	to	$	5.38	$	1,877	1.75	%	1.35	%	to	1.40	%	22.79	%	to	22.85	%
December 31, 2020	368	$	3.76	to	$	4.38	$	1,611	2.30	%	1.35	%	to	1.40	%	-0.42	%	to	-0.37	%
December 31, 2019	430	$	3.77	to	$	4.40	$	1,890	2.11	%	1.35	%	to	1.40	%	25.28	%	to	25.34	%
December 31, 2018	478	$	2.85	to	$	3.51	$	1,677	1.65	%	1.35	%	to	1.65	%	-10.63	%	to	-10.37	%
December 31, 2017	525	$	3.19	to	$	3.92	$	2,055	1.63	%	1.35	%	to	1.65	%	6.98	%	to	7.30	%
	Franklin Small-Mid Cap Growth VIP Fund (Class 2)
December 31, 2021	371	$	3.74	to	$	6.64	$	2,434	0.00	%	1.35	%	to	1.65	%	8.23	%	to	8.55	%
December 31, 2020	442	$	3.46	to	$	6.12	$	2,679	0.00	%	1.35	%	to	1.65	%	52.58	%	to	53.03	%
December 31, 2019	541	$	2.27	to	$	4.00	$	2,145	0.00	%	1.35	%	to	1.65	%	29.30	%	to	29.68	%
December 31, 2018	610	$	1.75	to	$	3.09	$	1,868	0.00	%	1.35	%	to	1.65	%	-6.92	%	to	-6.64	%
December 31, 2017	910	$	1.88	to	$	3.31	$	2,990	0.00	%	1.35	%	to	1.65	%	19.43	%	to	19.79	%

A115

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	PSF PGIM Jennison Focused Blend Portfolio (Class I)
December 31, 2021	624	$	5.75	to	$	5.85	$	3,653	0.00	%	1.35	%	to	1.40	%	15.22	%	to	15.28	%
December 31, 2020	737	$	4.98	to	$	5.08	$	3,743	0.00	%	1.35	%	to	1.40	%	29.12	%	to	29.18	%
December 31, 2019	821	$	3.63	to	$	3.94	$	3,231	0.00	%	1.35	%	to	1.65	%	26.83	%	to	27.21	%
December 31, 2018	945	$	2.87	to	$	3.09	$	2,921	0.00	%	1.35	%	to	1.65	%	-6.90	%	to	-6.62	%
December 31, 2017	1,058	$	3.08	to	$	3.32	$	3,500	0.00	%	1.35	%	to	1.65	%	28.18	%	to	28.56	%
	Davis Value Portfolio
December 31, 2021	350	$	3.00	to	$	3.04	$	1,052	0.53	%	1.35	%	to	1.40	%	16.22	%	to	16.28	%
December 31, 2020	434	$	2.58	to	$	2.61	$	1,121	0.69	%	1.35	%	to	1.40	%	10.18	%	to	10.23	%
December 31, 2019	507	$	2.34	to	$	2.37	$	1,189	1.40	%	1.35	%	to	1.40	%	29.36	%	to	29.42	%
December 31, 2018	721	$	1.81	to	$	1.83	$	1,307	0.76	%	1.35	%	to	1.40	%	-14.80	%	to	-14.76	%
December 31, 2017	935	$	2.13	to	$	2.15	$	1,990	0.74	%	1.35	%	to	1.40	%	20.94	%	to	21.00	%
	AB VPS Large Cap Growth Portfolio (Class B)
December 31, 2021	202	$	3.35	to	$	3.35	$	677	0.00	%	1.40	%	to	1.40	%	26.87	%	to	26.87	%
December 31, 2020	202	$	2.64	to	$	2.64	$	532	0.00	%	1.40	%	to	1.40	%	33.28	%	to	33.28	%
December 31, 2019	224	$	1.98	to	$	1.98	$	443	0.00	%	1.40	%	to	1.40	%	32.51	%	to	32.51	%
December 31, 2018	254	$	1.49	to	$	1.49	$	379	0.00	%	1.40	%	to	1.40	%	0.90	%	to	0.90	%
December 31, 2017	563	$	1.48	to	$	1.48	$	833	0.00	%	1.40	%	to	1.40	%	29.86	%	to	29.86	%
	PSF Small-Cap Value Portfolio (Class I)
December 31, 2021	1,488	$	3.49	to	$	13.03	$	6,680	0.00	%	0.40	%	to	1.80	%	24.22	%	to	25.95	%
December 31, 2020	1,745	$	2.81	to	$	3.81	$	6,263	0.00	%	1.35	%	to	1.80	%	0.10	%	to	0.54	%
December 31, 2019	1,958	$	2.81	to	$	3.79	$	7,009	0.00	%	1.35	%	to	1.80	%	20.61	%	to	21.15	%
December 31, 2018	2,086	$	2.33	to	$	3.13	$	6,185	0.00	%	1.35	%	to	1.80	%	-15.33	%	to	-14.95	%
December 31, 2017	2,332	$	2.75	to	$	3.69	$	8,142	0.00	%	1.35	%	to	1.80	%	10.22	%	to	10.70	%
	Janus Henderson VIT Research Portfolio (Service Shares)
December 31, 2021	150	$	2.56	to	$	5.77	$	633	0.02	%	1.40	%	to	1.75	%	17.98	%	to	18.39	%
December 31, 2020	157	$	2.16	to	$	4.87	$	557	0.34	%	1.40	%	to	1.75	%	30.30	%	to	30.74	%
December 31, 2019	194	$	1.66	to	$	3.73	$	527	0.31	%	1.40	%	to	1.75	%	32.90	%	to	33.36	%
December 31, 2018	202	$	1.25	to	$	2.79	$	413	0.35	%	1.40	%	to	1.75	%	-4.52	%	to	-4.19	%
December 31, 2017	227	$	1.30	to	$	2.92	$	486	0.24	%	1.40	%	to	1.75	%	25.37	%	to	25.80	%
	PSF Mid-Cap Growth Portfolio (Class I)
December 31, 2021	1,140	$	4.11	to	$	9.21	$	7,716	0.00	%	1.35	%	to	1.80	%	8.73	%	to	9.22	%
December 31, 2020	1,305	$	3.77	to	$	8.44	$	8,185	0.00	%	1.35	%	to	1.80	%	44.86	%	to	45.51	%
December 31, 2019	1,596	$	2.60	to	$	5.80	$	6,881	0.00	%	1.35	%	to	1.80	%	35.27	%	to	35.88	%
December 31, 2018	1,768	$	1.92	to	$	4.27	$	5,686	0.00	%	1.35	%	to	1.80	%	-9.48	%	to	-9.08	%
December 31, 2017	2,026	$	2.12	to	$	4.70	$	7,242	0.00	%	1.35	%	to	1.80	%	20.27	%	to	20.81	%
	PSF International Growth Portfolio (Class I)
December 31, 2021	607	$	1.74	to	$	4.35	$	1,877	0.00	%	1.35	%	to	1.80	%	10.49	%	to	10.98	%
December 31, 2020	632	$	1.57	to	$	3.92	$	1,805	0.00	%	1.35	%	to	1.80	%	29.78	%	to	30.35	%
December 31, 2019	826	$	1.21	to	$	3.01	$	1,845	0.00	%	1.35	%	to	1.80	%	30.04	%	to	30.62	%
December 31, 2018	965	$	0.93	to	$	2.30	$	1,629	0.00	%	1.35	%	to	1.80	%	-14.37	%	to	-13.98	%
December 31, 2017	1,093	$	1.08	to	$	2.68	$	2,110	0.00	%	1.35	%	to	1.80	%	33.42	%	to	34.00	%
	AST Cohen & Steers Realty Portfolio
December 31, 2021	1,151	$	14.00	to	$	49.85	$	35,680	0.00	%	0.35	%	to	2.30	%	39.57	%	to	42.35	%
December 31, 2020	1,245	$	9.87	to	$	35.58	$	27,821	0.00	%	0.35	%	to	2.45	%	-5.22	%	to	-3.18	%
December 31, 2019	1,279	$	10.22	to	$	37.33	$	30,263	0.00	%	0.35	%	to	2.85	%	1.14	%	to	30.49	%
December 31, 2018	1,360	$	10.86	to	$	29.01	$	25,132	0.00	%	0.55	%	to	2.85	%	-7.48	%	to	-5.28	%
December 31, 2017	1,478	$	11.50	to	$	31.05	$	29,303	0.00	%	0.55	%	to	2.85	%	3.23	%	to	5.66	%
	AST J.P. Morgan Tactical Preservation Portfolio
December 31, 2021	21,890	$	15.35	to	$	20.56	$	371,842	0.00	%	0.55	%	to	2.40	%	5.42	%	to	7.35	%
December 31, 2020	10,391	$	14.42	to	$	19.31	$	168,536	0.00	%	0.55	%	to	2.45	%	8.62	%	to	10.74	%
December 31, 2019	11,394	$	13.14	to	$	17.59	$	167,939	0.00	%	0.55	%	to	2.85	%	11.34	%	to	13.98	%
December 31, 2018	11,259	$	11.64	to	$	15.56	$	147,331	0.00	%	0.55	%	to	2.85	%	-7.84	%	to	-5.65	%
December 31, 2017	12,622	$	12.45	to	$	16.63	$	177,660	0.00	%	0.55	%	to	2.85	%	8.95	%	to	11.53	%

A116

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST T. Rowe Price Large-Cap Value Portfolio
December 31, 2021	4,144	$	13.40	to	$	29.76	$	90,157	0.00	%	0.48	%	to	2.30	%	22.66	%	to	24.94	%
December 31, 2020	4,546	$	10.75	to	$	24.17	$	81,724	0.00	%	0.48	%	to	2.45	%	-0.41	%	to	1.60	%
December 31, 2019	4,342	$	10.60	to	$	24.14	$	77,915	0.00	%	0.48	%	to	2.85	%	6.16	%	to	25.28	%
December 31, 2018	962	$	10.15	to	$	19.53	$	13,956	0.00	%	0.55	%	to	2.70	%	-12.16	%	to	-10.21	%
December 31, 2017	853	$	11.32	to	$	22.06	$	14,172	0.00	%	0.55	%	to	2.70	%	13.41	%	to	15.91	%
	AST High Yield Portfolio
December 31, 2021	2,065	$	11.03	to	$	21.49	$	34,203	0.00	%	0.35	%	to	2.30	%	3.89	%	to	5.96	%
December 31, 2020	2,106	$	10.44	to	$	20.60	$	33,441	0.00	%	0.35	%	to	2.45	%	0.12	%	to	2.28	%
December 31, 2019	2,022	$	10.24	to	$	20.46	$	32,616	0.00	%	0.35	%	to	2.85	%	2.23	%	to	14.66	%
December 31, 2018	1,997	$	11.29	to	$	18.09	$	28,532	0.00	%	0.55	%	to	2.85	%	-4.79	%	to	-2.53	%
December 31, 2017	2,026	$	11.59	to	$	18.82	$	29,968	0.00	%	0.55	%	to	2.85	%	4.42	%	to	6.88	%
	AST Small-Cap Growth Opportunities Portfolio
December 31, 2021	688	$	14.35	to	$	47.64	$	21,918	0.00	%	0.48	%	to	2.30	%	-3.62	%	to	-1.82	%
December 31, 2020	722	$	14.64	to	$	49.23	$	24,342	0.00	%	0.48	%	to	2.45	%	31.88	%	to	34.54	%
December 31, 2019	822	$	10.90	to	$	37.13	$	20,944	0.00	%	0.48	%	to	2.70	%	8.73	%	to	35.73	%
December 31, 2018	772	$	10.82	to	$	27.73	$	14,871	0.00	%	0.55	%	to	2.70	%	-13.27	%	to	-11.34	%
December 31, 2017	865	$	12.22	to	$	31.72	$	19,309	0.00	%	0.55	%	to	2.70	%	24.25	%	to	26.99	%
	AST WEDGE Capital Mid-Cap Value Portfolio (merged February 19, 2021)
December 31, 2021	—	$	10.21	to	$	29.04	$	—	0.00	%	0.35	%	to	2.25	%	6.56	%	to	6.84	%
December 31, 2020	501	$	9.56	to	$	27.24	$	9,774	0.00	%	0.35	%	to	2.45	%	-8.12	%	to	-6.14	%
December 31, 2019	448	$	10.22	to	$	29.48	$	9,383	0.00	%	0.35	%	to	2.70	%	1.67	%	to	18.49	%
December 31, 2018	437	$	10.58	to	$	25.23	$	7,800	0.00	%	0.55	%	to	2.70	%	-18.79	%	to	-16.99	%
December 31, 2017	496	$	12.78	to	$	30.81	$	10,792	0.00	%	0.55	%	to	2.70	%	15.34	%	to	17.88	%
	AST Small-Cap Value Portfolio
December 31, 2021	567	$	13.88	to	$	37.05	$	15,089	0.00	%	0.48	%	to	2.25	%	28.56	%	to	30.89	%
December 31, 2020	677	$	10.63	to	$	28.72	$	13,818	0.00	%	0.48	%	to	2.45	%	-1.61	%	to	0.38	%
December 31, 2019	734	$	10.61	to	$	29.03	$	15,038	0.00	%	0.48	%	to	2.85	%	5.76	%	to	21.31	%
December 31, 2018	708	$	11.20	to	$	24.26	$	12,086	0.00	%	0.55	%	to	2.85	%	-19.45	%	to	-17.53	%
December 31, 2017	805	$	13.62	to	$	29.83	$	16,837	0.00	%	0.55	%	to	2.85	%	4.30	%	to	6.76	%
	AST Mid-Cap Growth Portfolio
December 31, 2021	2,108	$	15.27	to	$	49.60	$	73,745	0.00	%	0.35	%	to	2.30	%	7.94	%	to	10.10	%
December 31, 2020	2,255	$	13.91	to	$	45.77	$	74,072	0.00	%	0.35	%	to	2.45	%	31.54	%	to	34.37	%
December 31, 2019	2,651	$	10.39	to	$	34.61	$	66,740	0.00	%	0.35	%	to	2.85	%	3.60	%	to	29.44	%
December 31, 2018	2,750	$	11.84	to	$	27.11	$	54,321	0.00	%	0.55	%	to	2.85	%	-7.09	%	to	-4.88	%
December 31, 2017	3,009	$	12.49	to	$	28.89	$	63,557	0.00	%	0.55	%	to	2.85	%	23.48	%	to	26.39	%
	AST Hotchkis & Wiley Large-Cap Value Portfolio
December 31, 2021	1,575	$	13.65	to	$	38.67	$	42,500	0.00	%	0.35	%	to	2.30	%	26.24	%	to	28.76	%
December 31, 2020	1,783	$	10.63	to	$	30.51	$	38,727	0.00	%	0.35	%	to	2.45	%	-2.19	%	to	-0.08	%
December 31, 2019	1,732	$	10.67	to	$	31.02	$	38,666	0.00	%	0.35	%	to	2.85	%	6.16	%	to	28.81	%
December 31, 2018	1,743	$	11.60	to	$	24.42	$	30,541	0.00	%	0.55	%	to	2.85	%	-16.61	%	to	-14.63	%
December 31, 2017	1,683	$	13.63	to	$	29.00	$	34,897	0.00	%	0.55	%	to	2.45	%	16.28	%	to	18.54	%
	AST Loomis Sayles Large-Cap Growth Portfolio
December 31, 2021	1,446	$	16.54	to	$	62.65	$	64,040	0.00	%	0.48	%	to	2.30	%	15.64	%	to	17.79	%
December 31, 2020	1,549	$	14.06	to	$	53.96	$	60,330	0.00	%	0.48	%	to	2.85	%	27.84	%	to	30.96	%
December 31, 2019	1,897	$	10.76	to	$	41.81	$	58,793	0.00	%	0.48	%	to	2.85	%	8.21	%	to	30.91	%
December 31, 2018	1,915	$	14.30	to	$	32.38	$	46,002	0.00	%	0.55	%	to	2.85	%	-5.48	%	to	-3.23	%
December 31, 2017	2,374	$	14.82	to	$	33.93	$	59,639	0.00	%	0.55	%	to	2.85	%	29.21	%	to	32.26	%
	AST MFS Growth Portfolio
December 31, 2021	739	$	17.02	to	$	60.91	$	31,650	0.00	%	0.35	%	to	2.30	%	20.54	%	to	22.95	%
December 31, 2020	774	$	13.89	to	$	50.33	$	28,723	0.00	%	0.35	%	to	2.45	%	27.28	%	to	30.02	%
December 31, 2019	809	$	10.72	to	$	39.33	$	24,748	0.00	%	0.35	%	to	2.45	%	7.58	%	to	37.02	%
December 31, 2018	763	$	13.95	to	$	29.10	$	17,359	0.00	%	0.55	%	to	2.70	%	-0.62	%	to	1.59	%
December 31, 2017	764	$	13.78	to	$	29.05	$	17,631	0.00	%	0.55	%	to	2.70	%	27.19	%	to	29.99	%

A117

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Mid-Cap Value Portfolio
December 31, 2021	1,735	$	13.39	to	$	41.97	$	47,681	0.00	%	0.35	%	to	2.30	%	30.56	%	to	33.16	%
December 31, 2020	1,604	$	10.19	to	$	32.02	$	33,858	0.00	%	0.48	%	to	2.85	%	-4.58	%	to	-2.26	%
December 31, 2019	1,556	$	10.44	to	$	33.24	$	33,972	0.00	%	0.48	%	to	2.85	%	4.52	%	to	20.35	%
December 31, 2018	1,470	$	10.61	to	$	28.00	$	27,101	0.00	%	0.55	%	to	2.85	%	-18.84	%	to	-16.90	%
December 31, 2017	1,638	$	12.81	to	$	34.17	$	36,903	0.00	%	0.55	%	to	2.85	%	10.56	%	to	13.16	%
	AST BlackRock Low Duration Bond Portfolio
December 31, 2021	2,667	$	9.14	to	$	12.41	$	28,123	0.00	%	0.48	%	to	2.25	%	-2.84	%	to	-1.08	%
December 31, 2020	2,574	$	9.41	to	$	12.63	$	27,528	0.00	%	0.48	%	to	2.25	%	0.26	%	to	2.07	%
December 31, 2019	2,326	$	9.39	to	$	12.46	$	24,434	0.00	%	0.48	%	to	2.25	%	0.70	%	to	4.05	%
December 31, 2018	2,033	$	9.14	to	$	12.05	$	20,603	0.00	%	0.55	%	to	2.30	%	-1.58	%	to	0.19	%
December 31, 2017	2,081	$	9.17	to	$	12.10	$	21,184	0.00	%	0.55	%	to	2.45	%	-0.78	%	to	1.15	%
	AST QMA US Equity Alpha Portfolio (merged October 15, 2021)
December 31, 2021	—	$	13.26	to	$	45.99	$	—	0.00	%	0.35	%	to	2.30	%	28.54	%	to	30.56	%
December 31, 2020	1,093	$	10.18	to	$	35.67	$	28,576	0.00	%	0.35	%	to	2.30	%	-7.37	%	to	-5.52	%
December 31, 2019	1,169	$	10.81	to	$	38.35	$	33,140	0.00	%	0.48	%	to	2.70	%	8.35	%	to	23.78	%
December 31, 2018	1,138	$	13.04	to	$	31.42	$	26,070	0.00	%	0.55	%	to	2.70	%	-10.71	%	to	-8.72	%
December 31, 2017	1,143	$	14.33	to	$	34.90	$	28,835	0.00	%	0.55	%	to	2.45	%	19.26	%	to	21.58	%
	AST T. Rowe Price Natural Resources Portfolio
December 31, 2021	2,270	$	10.11	to	$	16.82	$	28,074	0.00	%	0.48	%	to	2.55	%	20.72	%	to	23.20	%
December 31, 2020	2,756	$	8.23	to	$	13.78	$	27,662	0.00	%	0.48	%	to	2.55	%	-4.65	%	to	-2.69	%
December 31, 2019	2,634	$	8.49	to	$	14.29	$	27,208	0.00	%	0.48	%	to	2.70	%	4.54	%	to	16.22	%
December 31, 2018	2,264	$	7.33	to	$	12.40	$	20,246	0.00	%	0.55	%	to	2.70	%	-18.92	%	to	-17.11	%
December 31, 2017	2,762	$	8.87	to	$	15.09	$	30,002	0.00	%	0.55	%	to	2.70	%	7.34	%	to	9.70	%
	AST T. Rowe Price Asset Allocation Portfolio
December 31, 2021	72,394	$	14.02	to	$	27.68	$	1,598,956	0.00	%	0.35	%	to	2.55	%	9.62	%	to	12.02	%
December 31, 2020	60,620	$	12.52	to	$	25.10	$	1,205,421	0.00	%	0.35	%	to	2.85	%	9.33	%	to	12.14	%
December 31, 2019	66,787	$	15.39	to	$	22.74	$	1,195,684	0.00	%	0.55	%	to	2.85	%	17.40	%	to	20.18	%
December 31, 2018	68,596	$	12.92	to	$	19.18	$	1,037,327	0.00	%	0.55	%	to	2.85	%	-8.04	%	to	-5.85	%
December 31, 2017	73,973	$	13.85	to	$	20.66	$	1,206,523	0.00	%	0.55	%	to	2.85	%	12.13	%	to	14.77	%
	AST MFS Global Equity Portfolio
December 31, 2021	1,380	$	13.87	to	$	38.43	$	39,405	0.00	%	0.35	%	to	2.55	%	13.94	%	to	16.44	%
December 31, 2020	1,528	$	11.95	to	$	33.53	$	38,256	0.00	%	0.35	%	to	2.55	%	11.34	%	to	13.78	%
December 31, 2019	1,615	$	10.53	to	$	29.94	$	36,538	0.00	%	0.35	%	to	2.85	%	6.47	%	to	29.24	%
December 31, 2018	1,710	$	11.72	to	$	23.49	$	30,215	0.00	%	0.55	%	to	2.85	%	-12.15	%	to	-10.05	%
December 31, 2017	1,835	$	13.07	to	$	26.48	$	36,466	0.00	%	0.55	%	to	2.85	%	20.32	%	to	23.16	%
	AST J.P. Morgan International Equity Portfolio
December 31, 2021	1,627	$	15.32	to	$	23.43	$	29,196	0.00	%	0.55	%	to	2.55	%	8.31	%	to	10.46	%
December 31, 2020	1,750	$	14.04	to	$	21.51	$	28,581	0.00	%	0.55	%	to	2.55	%	10.27	%	to	12.46	%
December 31, 2019	1,837	$	12.64	to	$	19.39	$	26,684	0.00	%	0.55	%	to	2.70	%	23.79	%	to	26.52	%
December 31, 2018	1,838	$	10.11	to	$	15.54	$	21,142	0.00	%	0.55	%	to	2.70	%	-19.71	%	to	-17.92	%
December 31, 2017	1,959	$	12.48	to	$	19.20	$	27,796	0.00	%	0.55	%	to	2.70	%	26.14	%	to	28.92	%
	AST Wellington Management Hedged Equity Portfolio
December 31, 2021	8,522	$	13.17	to	$	26.05	$	150,638	0.00	%	0.35	%	to	2.55	%	9.27	%	to	11.66	%
December 31, 2020	9,364	$	11.80	to	$	23.70	$	149,135	0.00	%	0.35	%	to	2.55	%	4.01	%	to	6.29	%
December 31, 2019	10,000	$	13.52	to	$	22.66	$	151,270	0.00	%	0.55	%	to	2.85	%	17.12	%	to	19.89	%
December 31, 2018	9,607	$	11.54	to	$	19.16	$	122,382	0.00	%	0.55	%	to	2.85	%	-7.72	%	to	-5.52	%
December 31, 2017	10,483	$	12.51	to	$	20.56	$	142,719	0.00	%	0.55	%	to	2.85	%	10.37	%	to	12.97	%
	AST Capital Growth Asset Allocation Portfolio
December 31, 2021	35,165	$	21.30	to	$	31.09	$	843,786	0.00	%	0.55	%	to	2.55	%	14.07	%	to	16.33	%
December 31, 2020	38,270	$	18.48	to	$	27.09	$	795,759	0.00	%	0.55	%	to	2.70	%	10.36	%	to	12.80	%
December 31, 2019	41,084	$	16.53	to	$	24.35	$	763,571	0.00	%	0.55	%	to	2.85	%	18.76	%	to	21.58	%
December 31, 2018	40,025	$	13.72	to	$	20.31	$	621,582	0.00	%	0.55	%	to	2.85	%	-8.91	%	to	-6.74	%
December 31, 2017	42,944	$	14.85	to	$	22.08	$	726,878	0.00	%	0.55	%	to	2.85	%	14.54	%	to	17.24	%

A118

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*			Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Academic Strategies Asset Allocation Portfolio
December 31, 2021	16,045	$	14.19	to	$	19.67	$	256,022	0.00	%		0.55	%	to	2.40	%	9.80	%	to	11.82	%
December 31, 2020	17,949	$	12.80	to	$	17.83	$	257,724	0.00	%		0.55	%	to	2.50	%	1.67	%	to	3.65	%
December 31, 2019	19,467	$	12.46	to	$	17.44	$	271,525	0.00	%		0.55	%	to	2.85	%	12.75	%	to	15.42	%
December 31, 2018	18,241	$	10.90	to	$	15.32	$	222,318	0.00	%		0.55	%	to	2.85	%	-10.77	%	to	-8.64	%
December 31, 2017	23,441	$	12.04	to	$	17.01	$	317,415	0.00	%		0.55	%	to	2.85	%	9.39	%	to	11.97	%
	AST Balanced Asset Allocation Portfolio
December 31, 2021	36,045	$	13.82	to	$	26.27	$	769,774	0.00	%		0.35	%	to	2.55	%	10.04	%	to	12.45	%
December 31, 2020	40,432	$	12.29	to	$	23.74	$	774,354	0.00	%		0.35	%	to	2.70	%	8.75	%	to	11.38	%
December 31, 2019	43,887	$	11.03	to	$	21.65	$	762,061	0.00	%		0.35	%	to	2.85	%	10.20	%	to	18.76	%
December 31, 2018	44,995	$	12.98	to	$	18.48	$	667,892	0.00	%		0.55	%	to	2.85	%	-7.66	%	to	-5.46	%
December 31, 2017	48,857	$	13.86	to	$	19.82	$	778,162	0.00	%		0.55	%	to	2.85	%	11.64	%	to	14.28	%
	AST Preservation Asset Allocation Portfolio
December 31, 2021	27,147	$	12.51	to	$	19.81	$	462,363	0.00	%		0.35	%	to	2.55	%	3.60	%	to	5.87	%
December 31, 2020	29,998	$	11.81	to	$	18.93	$	485,013	0.00	%		0.35	%	to	2.85	%	5.97	%	to	8.70	%
December 31, 2019	31,603	$	13.31	to	$	17.70	$	475,783	0.00	%		0.55	%	to	2.85	%	11.47	%	to	14.11	%
December 31, 2018	32,524	$	11.77	to	$	15.72	$	433,759	0.00	%		0.55	%	to	2.85	%	-5.62	%	to	-3.38	%
December 31, 2017	36,076	$	12.29	to	$	16.50	$	505,272	0.00	%		0.55	%	to	2.85	%	7.00	%	to	9.53	%
	AST Fidelity Institutional AM® Quantitative Portfolio (merged October 15, 2021)
December 31, 2021	—	$	15.55	to	$	23.36	$	—	0.00	%		0.85	%	to	2.40	%	7.39	%	to	8.68	%
December 31, 2020	23,006	$	14.48	to	$	21.68	$	388,502	0.00	%		0.85	%	to	2.85	%	5.66	%	to	7.83	%
December 31, 2019	25,119	$	13.63	to	$	20.32	$	394,718	0.00	%		0.85	%	to	2.85	%	16.58	%	to	18.98	%
December 31, 2018	25,093	$	11.63	to	$	17.27	$	335,136	0.00	%		0.55	%	to	2.85	%	-10.39	%	to	-8.25	%
December 31, 2017	27,846	$	12.92	to	$	19.08	$	410,656	0.00	%		0.55	%	to	2.85	%	13.16	%	to	15.83	%
	AST Prudential Growth Allocation Portfolio
December 31, 2021	53,041	$	13.35	to	$	26.87	$	1,145,059	0.00	%		0.35	%	to	2.55	%	13.80	%	to	16.29	%
December 31, 2020	59,219	$	11.48	to	$	23.47	$	1,106,366	0.00	%		0.35	%	to	2.85	%	2.84	%	to	5.49	%
December 31, 2019	65,525	$	14.36	to	$	22.61	$	1,168,279	0.00	%		0.55	%	to	2.85	%	15.78	%	to	18.52	%
December 31, 2018	64,493	$	12.34	to	$	19.34	$	981,859	0.00	%		0.55	%	to	2.85	%	-10.24	%	to	-8.11	%
December 31, 2017	74,417	$	13.67	to	$	21.34	$	1,248,726	0.00	%		0.55	%	to	2.85	%	12.80	%	to	15.46	%
	AST Advanced Strategies Portfolio
December 31, 2021	29,141	$	14.03	to	$	28.76	$	653,220	0.00	%		0.35	%	to	2.40	%	11.16	%	to	13.43	%
December 31, 2020	32,733	$	12.37	to	$	25.76	$	650,283	0.00	%		0.35	%	to	2.85	%	7.53	%	to	10.29	%
December 31, 2019	36,240	$	15.66	to	$	23.73	$	658,749	0.00	%		0.55	%	to	2.85	%	18.39	%	to	21.19	%
December 31, 2018	37,243	$	13.04	to	$	19.85	$	567,375	0.00	%		0.55	%	to	2.85	%	-8.58	%	to	-6.41	%
December 31, 2017	41,197	$	14.06	to	$	21.51	$	680,482	0.00	%		0.55	%	to	2.85	%	13.60	%	to	16.28	%
	AST T. Rowe Price Large-Cap Growth Portfolio
December 31, 2021	3,044	$	17.36	to	$	73.86	$	138,185	0.00	%		0.35	%	to	2.30	%	14.42	%	to	16.70	%
December 31, 2020	2,941	$	14.92	to	$	64.30	$	125,572	0.00	%		0.35	%	to	2.45	%	36.38	%	to	39.32	%
December 31, 2019	3,187	$	10.74	to	$	46.89	$	106,330	0.00	%		0.35	%	to	2.85	%	7.75	%	to	27.52	%
December 31, 2018	3,097	$	15.05	to	$	37.28	$	84,917	0.00	%		0.55	%	to	2.85	%	0.89	%	to	3.29	%
December 31, 2017	3,188	$	14.62	to	$	36.60	$	86,682	0.00	%		0.55	%	to	2.85	%	33.97	%	to	37.13	%
	AST Government Money Market Portfolio
December 31, 2021	5,069	$	7.73	to	$	9.95	$	47,531	0.00	%	(1)	0.48	%	to	2.45	%	-2.45	%	to	-0.48	%
December 31, 2020	5,655	$	7.93	to	$	10.00	$	53,123	0.12	%		0.48	%	to	2.45	%	-2.23	%	to	-0.26	%
December 31, 2019	2,484	$	8.11	to	$	10.02	$	23,074	1.68	%		0.48	%	to	2.45	%	-0.80	%	to	1.13	%
December 31, 2018	2,871	$	8.17	to	$	9.92	$	26,432	1.32	%		0.55	%	to	2.45	%	-1.20	%	to	0.74	%
December 31, 2017	1,958	$	8.08	to	$	9.86	$	17,759	0.34	%		0.55	%	to	2.55	%	-2.15	%	to	-0.21	%
	AST Small-Cap Growth Portfolio
December 31, 2021	910	$	15.89	to	$	57.39	$	34,016	0.00	%		0.35	%	to	2.30	%	2.13	%	to	4.17	%
December 31, 2020	903	$	15.31	to	$	55.97	$	33,902	0.00	%		0.35	%	to	2.45	%	44.76	%	to	47.87	%
December 31, 2019	1,038	$	10.38	to	$	38.45	$	27,923	0.00	%		0.35	%	to	2.85	%	3.62	%	to	29.40	%
December 31, 2018	1,038	$	11.94	to	$	30.13	$	22,087	0.00	%		0.55	%	to	2.85	%	-11.03	%	to	-8.91	%
December 31, 2017	1,070	$	13.15	to	$	33.54	$	25,377	0.00	%		0.55	%	to	2.85	%	20.39	%	to	23.24	%

A119

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST BlackRock/Loomis Sayles Bond Portfolio
December 31, 2021	15,544	$	10.61	to	$	16.38	$	200,011	0.00	%	0.35	%	to	2.55	%	-3.59	%	to	-1.48	%
December 31, 2020	15,205	$	10.81	to	$	16.76	$	199,391	0.00	%	0.35	%	to	2.85	%	4.31	%	to	6.99	%
December 31, 2019	15,500	$	10.13	to	$	15.79	$	191,075	0.00	%	0.35	%	to	2.85	%	0.97	%	to	8.62	%
December 31, 2018	15,039	$	9.94	to	$	14.62	$	171,480	0.00	%	0.55	%	to	2.85	%	-3.51	%	to	-1.21	%
December 31, 2017	17,408	$	10.15	to	$	14.89	$	203,122	0.00	%	0.55	%	to	2.85	%	1.40	%	to	3.79	%
	AST International Value Portfolio
December 31, 2021	1,061	$	10.89	to	$	17.63	$	14,537	0.00	%	0.48	%	to	2.55	%	4.97	%	to	7.12	%
December 31, 2020	1,159	$	10.29	to	$	16.69	$	14,824	0.00	%	0.48	%	to	2.55	%	-3.08	%	to	-1.08	%
December 31, 2019	1,154	$	10.53	to	$	17.12	$	14,999	0.00	%	0.48	%	to	2.70	%	7.85	%	to	19.36	%
December 31, 2018	1,024	$	8.93	to	$	14.54	$	11,239	0.00	%	0.55	%	to	2.70	%	-18.41	%	to	-16.60	%
December 31, 2017	1,067	$	10.84	to	$	17.68	$	14,123	0.00	%	0.55	%	to	2.70	%	19.51	%	to	22.14	%
	AST International Growth Portfolio
December 31, 2021	1,242	$	15.87	to	$	32.34	$	30,197	0.00	%	0.48	%	to	2.55	%	9.70	%	to	11.96	%
December 31, 2020	1,291	$	14.20	to	$	29.31	$	28,471	0.00	%	0.48	%	to	2.55	%	28.06	%	to	30.69	%
December 31, 2019	1,444	$	10.89	to	$	22.75	$	24,732	0.00	%	0.48	%	to	2.55	%	10.22	%	to	31.38	%
December 31, 2018	1,476	$	10.39	to	$	17.56	$	19,291	0.00	%	0.55	%	to	2.55	%	-15.50	%	to	-13.81	%
December 31, 2017	1,388	$	12.16	to	$	20.65	$	21,230	0.00	%	0.55	%	to	2.55	%	32.07	%	to	34.68	%
	AST Investment Grade Bond Portfolio
December 31, 2021	4,367	$	12.14	to	$	20.26	$	72,288	0.00	%	0.85	%	to	2.25	%	-4.37	%	to	-3.00	%
December 31, 2020	4,906	$	12.60	to	$	20.94	$	84,251	0.00	%	0.35	%	to	2.25	%	13.85	%	to	16.06	%
December 31, 2019	7,404	$	11.08	to	$	18.19	$	109,751	0.00	%	0.55	%	to	2.25	%	8.73	%	to	10.62	%
December 31, 2018	50,427	$	10.16	to	$	16.54	$	611,859	0.00	%	0.55	%	to	2.25	%	-2.52	%	to	-0.82	%
December 31, 2017	6,925	$	10.39	to	$	16.78	$	94,733	0.00	%	0.85	%	to	2.25	%	1.97	%	to	3.43	%
	AST Western Asset Core Plus Bond Portfolio
December 31, 2021	9,539	$	10.73	to	$	15.71	$	134,962	0.00	%	0.35	%	to	2.30	%	-4.49	%	to	-2.58	%
December 31, 2020	9,362	$	11.05	to	$	16.23	$	137,138	0.00	%	0.35	%	to	2.85	%	5.03	%	to	7.73	%
December 31, 2019	9,418	$	10.29	to	$	15.16	$	128,739	0.00	%	0.35	%	to	2.85	%	2.43	%	to	11.68	%
December 31, 2018	9,301	$	10.58	to	$	13.64	$	114,486	0.00	%	0.55	%	to	2.85	%	-5.07	%	to	-2.80	%
December 31, 2017	5,999	$	10.92	to	$	14.09	$	76,488	0.00	%	0.55	%	to	2.85	%	3.29	%	to	5.72	%
	AST Cohen & Steers Global Realty Portfolio
December 31, 2021	498	$	12.65	to	$	31.25	$	10,472	0.00	%	0.48	%	to	2.30	%	23.98	%	to	26.29	%
December 31, 2020	552	$	10.03	to	$	25.10	$	9,327	0.00	%	0.48	%	to	2.45	%	-5.32	%	to	-3.41	%
December 31, 2019	490	$	10.41	to	$	26.37	$	8,790	0.00	%	0.48	%	to	2.85	%	3.77	%	to	24.44	%
December 31, 2018	476	$	10.44	to	$	21.49	$	6,999	0.00	%	0.55	%	to	2.85	%	-7.44	%	to	-5.24	%
December 31, 2017	563	$	11.05	to	$	22.99	$	8,894	0.00	%	0.55	%	to	2.85	%	7.73	%	to	10.28	%
	AST Emerging Markets Equity Portfolio
December 31, 2021	2,906	$	9.27	to	$	15.50	$	31,634	0.00	%	0.48	%	to	2.55	%	-2.30	%	to	-0.29	%
December 31, 2020	2,954	$	9.35	to	$	15.77	$	32,397	0.00	%	0.48	%	to	2.85	%	1.09	%	to	3.56	%
December 31, 2019	2,446	$	9.24	to	$	15.45	$	25,714	0.00	%	0.48	%	to	2.85	%	5.94	%	to	12.72	%
December 31, 2018	2,114	$	8.22	to	$	13.89	$	19,786	0.00	%	0.55	%	to	2.85	%	-16.51	%	to	-14.52	%
December 31, 2017	2,536	$	9.64	to	$	16.48	$	28,053	0.00	%	0.55	%	to	2.85	%	22.79	%	to	25.68	%
	AST Goldman Sachs Small-Cap Value Portfolio
December 31, 2021	1,335	$	13.40	to	$	40.36	$	38,343	0.00	%	0.48	%	to	2.30	%	23.73	%	to	26.03	%
December 31, 2020	1,573	$	10.65	to	$	32.49	$	36,840	0.00	%	0.48	%	to	2.45	%	-0.07	%	to	1.94	%
December 31, 2019	1,475	$	10.47	to	$	32.33	$	34,289	0.00	%	0.48	%	to	2.70	%	4.13	%	to	21.96	%
December 31, 2018	1,371	$	11.49	to	$	26.88	$	26,493	0.00	%	0.55	%	to	2.70	%	-16.40	%	to	-14.54	%
December 31, 2017	1,537	$	13.48	to	$	31.89	$	35,213	0.00	%	0.55	%	to	2.70	%	9.17	%	to	11.57	%
	AST AllianzGI World Trends Portfolio
December 31, 2021	21,832	$	15.92	to	$	22.77	$	408,043	0.00	%	0.55	%	to	2.40	%	8.54	%	to	10.54	%
December 31, 2020	24,257	$	14.67	to	$	20.89	$	411,855	0.00	%	0.55	%	to	2.85	%	10.85	%	to	13.47	%
December 31, 2019	26,975	$	13.17	to	$	18.66	$	406,370	0.00	%	0.55	%	to	2.85	%	14.68	%	to	17.40	%
December 31, 2018	27,004	$	11.42	to	$	16.12	$	350,824	0.00	%	0.55	%	to	2.85	%	-10.54	%	to	-8.41	%
December 31, 2017	30,616	$	12.70	to	$	17.84	$	439,420	0.00	%	0.55	%	to	2.85	%	12.93	%	to	15.59	%

A120

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST J.P. Morgan Global Thematic Portfolio
December 31, 2021	11,794	$	18.01	to	$	26.49	$	240,890	0.00	%	0.55	%	to	2.40	%	9.78	%	to	11.80	%
December 31, 2020	12,962	$	16.37	to	$	24.03	$	237,986	0.00	%	0.55	%	to	2.45	%	10.39	%	to	12.54	%
December 31, 2019	14,054	$	14.68	to	$	21.65	$	231,136	0.00	%	0.55	%	to	2.85	%	16.03	%	to	18.77	%
December 31, 2018	13,554	$	12.47	to	$	18.48	$	190,855	0.00	%	0.55	%	to	2.85	%	-10.03	%	to	-7.88	%
December 31, 2017	14,487	$	13.66	to	$	20.34	$	224,714	0.00	%	0.55	%	to	2.85	%	13.63	%	to	16.31	%
	AST Goldman Sachs Multi-Asset Portfolio (merged February 19, 2021)
December 31, 2021	—	$	13.74	to	$	18.76	$	—	0.00	%	0.55	%	to	2.40	%	1.56	%	to	1.81	%
December 31, 2020	14,922	$	13.53	to	$	18.46	$	220,059	0.00	%	0.55	%	to	2.45	%	6.30	%	to	8.37	%
December 31, 2019	16,100	$	12.67	to	$	17.27	$	220,936	0.00	%	0.55	%	to	2.85	%	12.72	%	to	15.38	%
December 31, 2018	14,916	$	11.08	to	$	15.17	$	179,187	0.00	%	0.55	%	to	2.85	%	-9.72	%	to	-7.57	%
December 31, 2017	17,514	$	12.10	to	$	16.65	$	231,540	0.00	%	0.55	%	to	2.85	%	9.09	%	to	11.67	%
	ProFund VP Consumer Services
December 31, 2021	15	$	15.71	to	$	49.48	$	615	0.00	%	0.35	%	to	1.50	%	8.60	%	to	9.84	%
December 31, 2020	15	$	14.30	to	$	45.14	$	537	0.00	%	0.35	%	to	1.50	%	26.45	%	to	27.89	%
December 31, 2019	14	$	11.18	to	$	35.37	$	387	0.00	%	0.35	%	to	1.50	%	12.25	%	to	23.95	%
December 31, 2018	11	$	25.39	to	$	28.53	$	272	0.00	%	0.55	%	to	1.50	%	-0.88	%	to	0.06	%
December 31, 2017	10	$	25.61	to	$	28.51	$	265	0.00	%	0.55	%	to	1.50	%	16.62	%	to	17.72	%
	ProFund VP Consumer Goods
December 31, 2021	3	$	31.80	to	$	31.80	$	97	0.43	%	1.50	%	to	1.50	%	17.88	%	to	17.88	%
December 31, 2020	3	$	26.98	to	$	26.98	$	81	0.77	%	1.50	%	to	1.50	%	29.12	%	to	29.12	%
December 31, 2019	3	$	20.89	to	$	20.89	$	73	1.47	%	1.50	%	to	1.50	%	24.69	%	to	24.69	%
December 31, 2018	6	$	16.76	to	$	16.76	$	101	1.22	%	1.50	%	to	1.50	%	-16.07	%	to	-16.07	%
December 31, 2017	8	$	19.22	to	$	19.96	$	156	0.82	%	1.50	%	to	1.90	%	12.92	%	to	13.36	%
	ProFund VP Financials
December 31, 2021	20	$	16.87	to	$	17.81	$	347	0.35	%	1.50	%	to	1.90	%	27.68	%	to	28.18	%
December 31, 2020	23	$	13.22	to	$	24.02	$	316	0.65	%	0.55	%	to	1.90	%	-3.60	%	to	-2.31	%
December 31, 2019	22	$	13.71	to	$	24.59	$	338	0.52	%	0.55	%	to	1.90	%	27.84	%	to	29.55	%
December 31, 2018	26	$	10.72	to	$	18.98	$	311	0.38	%	0.55	%	to	1.90	%	-12.11	%	to	-10.92	%
December 31, 2017	24	$	12.20	to	$	21.31	$	328	0.34	%	0.55	%	to	1.90	%	15.99	%	to	17.54	%
	ProFund VP Health Care
December 31, 2021	12	$	15.28	to	$	44.18	$	494	0.04	%	0.35	%	to	1.90	%	19.27	%	to	21.11	%
December 31, 2020	13	$	12.61	to	$	36.55	$	413	0.00	%	0.35	%	to	1.90	%	12.30	%	to	14.04	%
December 31, 2019	13	$	11.06	to	$	32.12	$	357	0.00	%	0.35	%	to	1.90	%	10.35	%	to	18.71	%
December 31, 2018	9	$	24.11	to	$	27.06	$	216	0.00	%	0.55	%	to	1.90	%	2.48	%	to	3.86	%
December 31, 2017	9	$	23.53	to	$	26.05	$	224	0.00	%	0.55	%	to	1.90	%	18.67	%	to	20.25	%
	ProFund VP Industrials
December 31, 2021	17	$	26.11	to	$	27.55	$	456	0.00	%	1.50	%	to	1.90	%	14.23	%	to	14.68	%
December 31, 2020	17	$	12.84	to	$	24.03	$	408	0.21	%	0.35	%	to	1.90	%	14.58	%	to	16.35	%
December 31, 2019	17	$	19.95	to	$	20.89	$	352	0.00	%	1.50	%	to	1.90	%	28.06	%	to	28.56	%
December 31, 2018	27	$	15.58	to	$	16.25	$	432	0.11	%	1.50	%	to	1.90	%	-14.40	%	to	-14.06	%
December 31, 2017	31	$	18.20	to	$	18.90	$	587	0.20	%	1.50	%	to	1.90	%	20.12	%	to	20.59	%
	ProFund VP Mid-Cap Growth
December 31, 2021	5	$	27.61	to	$	29.13	$	137	0.00	%	1.50	%	to	1.90	%	14.79	%	to	15.24	%
December 31, 2020	4	$	24.05	to	$	25.28	$	112	0.00	%	1.50	%	to	1.90	%	18.64	%	to	19.11	%
December 31, 2019	7	$	20.27	to	$	21.23	$	140	0.00	%	1.50	%	to	1.90	%	21.93	%	to	22.41	%
December 31, 2018	11	$	16.63	to	$	17.34	$	195	0.00	%	1.50	%	to	1.90	%	-13.63	%	to	-13.29	%
December 31, 2017	15	$	19.25	to	$	20.00	$	309	0.00	%	1.50	%	to	1.90	%	16.11	%	to	16.56	%
	ProFund VP Mid-Cap Value
December 31, 2021	11	$	23.20	to	$	24.48	$	272	0.26	%	1.50	%	to	1.90	%	26.14	%	to	26.63	%
December 31, 2020	12	$	18.39	to	$	19.33	$	232	0.44	%	1.50	%	to	1.90	%	0.39	%	to	0.79	%
December 31, 2019	17	$	18.32	to	$	19.18	$	316	0.21	%	1.50	%	to	1.90	%	21.77	%	to	22.25	%
December 31, 2018	14	$	15.04	to	$	15.69	$	215	0.10	%	1.50	%	to	1.90	%	-14.92	%	to	-14.58	%
December 31, 2017	12	$	17.68	to	$	18.37	$	229	0.31	%	1.50	%	to	1.90	%	8.55	%	to	8.98	%

A121

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	ProFund VP Real Estate
December 31, 2021	10	$	19.62	to	$	19.62	$	196	0.03	%	1.50	%	to	1.50	%	35.05	%	to	35.05	%
December 31, 2020	10	$	14.53	to	$	14.53	$	151	1.65	%	1.50	%	to	1.50	%	-7.68	%	to	-7.68	%
December 31, 2019	9	$	15.74	to	$	15.74	$	137	1.69	%	1.50	%	to	1.50	%	24.89	%	to	24.89	%
December 31, 2018	9	$	12.60	to	$	12.60	$	118	2.16	%	1.50	%	to	1.50	%	-7.10	%	to	-7.10	%
December 31, 2017	10	$	13.56	to	$	13.56	$	130	0.98	%	1.50	%	to	1.50	%	6.46	%	to	6.46	%
	ProFund VP Small-Cap Growth
December 31, 2021	3	$	30.16	to	$	31.82	$	104	0.00	%	1.50	%	to	1.90	%	18.39	%	to	18.86	%
December 31, 2020	3	$	25.47	to	$	26.78	$	87	0.00	%	1.50	%	to	1.90	%	15.20	%	to	15.66	%
December 31, 2019	6	$	22.11	to	$	23.15	$	135	0.00	%	1.50	%	to	1.90	%	16.90	%	to	17.36	%
December 31, 2018	9	$	18.92	to	$	19.73	$	174	0.00	%	1.50	%	to	1.90	%	-7.52	%	to	-7.15	%
December 31, 2017	9	$	20.45	to	$	21.25	$	197	0.00	%	1.50	%	to	1.90	%	10.87	%	to	11.30	%
	ProFund VP Small-Cap Value
December 31, 2021	9	$	23.70	to	$	25.01	$	228	0.08	%	1.50	%	to	1.90	%	26.16	%	to	26.66	%
December 31, 2020	10	$	18.79	to	$	19.75	$	196	0.03	%	1.50	%	to	1.90	%	-0.82	%	to	-0.43	%
December 31, 2019	12	$	18.94	to	$	19.83	$	228	0.00	%	1.50	%	to	1.90	%	20.28	%	to	20.75	%
December 31, 2018	9	$	15.75	to	$	16.42	$	154	0.00	%	1.50	%	to	1.90	%	-15.82	%	to	-15.49	%
December 31, 2017	2	$	18.71	to	$	19.43	$	47	0.01	%	1.50	%	to	1.90	%	7.67	%	to	8.09	%
	ProFund VP Telecommunications
December 31, 2021	2	$	14.33	to	$	14.33	$	28	1.09	%	1.50	%	to	1.50	%	16.66	%	to	16.66	%
December 31, 2020	2	$	12.28	to	$	12.28	$	25	0.90	%	1.50	%	to	1.50	%	1.63	%	to	1.63	%
December 31, 2019	2	$	12.08	to	$	12.08	$	23	3.39	%	1.50	%	to	1.50	%	13.07	%	to	13.07	%
December 31, 2018	3	$	10.69	to	$	10.69	$	35	5.90	%	1.50	%	to	1.50	%	-16.37	%	to	-16.37	%
December 31, 2017	4	$	12.78	to	$	12.78	$	48	4.52	%	1.50	%	to	1.50	%	-3.57	%	to	-3.57	%
	ProFund VP Utilities
December 31, 2021	10	$	19.89	to	$	19.89	$	208	1.51	%	1.50	%	to	1.50	%	13.70	%	to	13.70	%
December 31, 2020	11	$	17.49	to	$	17.49	$	191	1.71	%	1.50	%	to	1.50	%	-3.84	%	to	-3.84	%
December 31, 2019	9	$	18.19	to	$	18.19	$	159	1.76	%	1.50	%	to	1.50	%	21.06	%	to	21.06	%
December 31, 2018	5	$	15.03	to	$	15.03	$	72	2.05	%	1.50	%	to	1.50	%	1.36	%	to	1.36	%
December 31, 2017	5	$	14.27	to	$	14.83	$	76	2.25	%	1.50	%	to	1.90	%	8.58	%	to	9.01	%
	ProFund VP Large-Cap Growth
December 31, 2021	7	$	38.83	to	$	40.97	$	291	0.00	%	1.50	%	to	1.90	%	27.44	%	to	27.94	%
December 31, 2020	8	$	15.05	to	$	32.03	$	256	0.00	%	0.35	%	to	1.90	%	28.49	%	to	30.47	%
December 31, 2019	9	$	23.71	to	$	24.83	$	231	0.00	%	1.50	%	to	1.90	%	26.49	%	to	26.99	%
December 31, 2018	9	$	18.75	to	$	19.55	$	172	0.00	%	1.50	%	to	1.90	%	-3.70	%	to	-3.32	%
December 31, 2017	10	$	19.47	to	$	20.22	$	206	0.00	%	1.50	%	to	1.90	%	22.96	%	to	23.45	%
	ProFund VP Large-Cap Value
December 31, 2021	13	$	19.22	to	$	20.28	$	256	0.93	%	1.50	%	to	1.90	%	20.63	%	to	21.11	%
December 31, 2020	13	$	15.93	to	$	16.74	$	217	1.19	%	1.50	%	to	1.90	%	-1.92	%	to	-1.54	%
December 31, 2019	14	$	16.24	to	$	17.01	$	240	1.06	%	1.50	%	to	1.90	%	27.35	%	to	27.86	%
December 31, 2018	9	$	12.75	to	$	13.30	$	124	0.86	%	1.50	%	to	1.90	%	-12.30	%	to	-11.96	%
December 31, 2017	11	$	14.54	to	$	15.11	$	163	1.07	%	1.50	%	to	1.90	%	11.32	%	to	11.76	%
	AST Jennison Large-Cap Growth Portfolio
December 31, 2021	1,183	$	19.35	to	$	61.23	$	53,221	0.00	%	0.48	%	to	2.30	%	13.06	%	to	15.17	%
December 31, 2020	1,206	$	16.83	to	$	53.20	$	48,527	0.00	%	0.48	%	to	2.25	%	50.58	%	to	53.30	%
December 31, 2019	1,133	$	11.00	to	$	34.75	$	32,555	0.00	%	0.48	%	to	2.70	%	10.47	%	to	31.87	%
December 31, 2018	1,077	$	13.70	to	$	26.47	$	24,467	0.00	%	0.55	%	to	2.70	%	-4.28	%	to	-2.15	%
December 31, 2017	1,073	$	14.05	to	$	27.17	$	25,541	0.00	%	0.55	%	to	2.70	%	32.17	%	to	35.08	%
	AST Bond Portfolio 2021 (liquidated December 31, 2021)
December 31, 2021	—	$	11.97	to	$	13.15	$	—	0.00	%	1.75	%	to	2.55	%	-4.33	%	to	-3.58	%
December 31, 2020	922	$	11.98	to	$	13.63	$	11,870	0.00	%	1.75	%	to	2.70	%	0.37	%	to	1.38	%
December 31, 2019	322	$	11.75	to	$	13.45	$	4,076	0.00	%	1.75	%	to	2.85	%	2.07	%	to	3.26	%
December 31, 2018	496	$	11.52	to	$	13.02	$	5,938	0.00	%	1.75	%	to	2.85	%	-2.80	%	to	-1.66	%
December 31, 2017	628	$	11.85	to	$	13.24	$	7,715	0.00	%	1.75	%	to	2.85	%	-1.31	%	to	-0.16	%

A122

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	Allspring VT International Equity Fund (Class 1)
December 31, 2021	1	$	19.07	to	$	19.07	$	18	1.25	%	1.75	%	to	1.75	%	5.54	%	to	5.54	%
December 31, 2020	1	$	18.07	to	$	18.07	$	22	2.65	%	1.75	%	to	1.75	%	3.08	%	to	3.08	%
December 31, 2019	3	$	17.53	to	$	17.53	$	50	4.13	%	1.75	%	to	1.75	%	13.52	%	to	13.52	%
December 31, 2018	3	$	15.44	to	$	15.44	$	39	11.56	%	1.75	%	to	1.75	%	-18.30	%	to	-18.30	%
December 31, 2017	2	$	18.90	to	$	18.90	$	46	3.04	%	1.75	%	to	1.75	%	22.72	%	to	22.72	%
	Allspring VT Omega Growth Fund (Class 1)
December 31, 2021	74	$	8.51	to	$	8.92	$	635	0.00	%	1.50	%	to	1.75	%	13.29	%	to	13.57	%
December 31, 2020	91	$	7.51	to	$	7.85	$	689	0.00	%	1.50	%	to	1.75	%	40.94	%	to	41.29	%
December 31, 2019	104	$	5.33	to	$	5.56	$	558	0.00	%	1.50	%	to	1.75	%	35.03	%	to	35.36	%
December 31, 2018	105	$	3.95	to	$	4.11	$	414	0.00	%	1.50	%	to	1.75	%	-1.22	%	to	-0.98	%
December 31, 2017	106	$	4.00	to	$	4.15	$	423	0.24	%	1.50	%	to	1.75	%	32.64	%	to	32.96	%
	AST Bond Portfolio 2022
December 31, 2021	704	$	11.36	to	$	12.39	$	8,410	0.00	%	1.75	%	to	2.55	%	-3.39	%	to	-2.63	%
December 31, 2020	190	$	11.33	to	$	12.49	$	2,328	0.00	%	1.90	%	to	2.85	%	2.01	%	to	3.01	%
December 31, 2019	284	$	11.11	to	$	12.12	$	3,323	0.00	%	1.90	%	to	2.85	%	2.87	%	to	3.88	%
December 31, 2018	429	$	10.80	to	$	11.67	$	4,816	0.00	%	1.90	%	to	2.85	%	-3.01	%	to	-2.05	%
December 31, 2017	617	$	11.13	to	$	11.92	$	7,200	0.00	%	1.90	%	to	2.85	%	-1.32	%	to	-0.36	%
	AST Quantitative Modeling Portfolio
December 31, 2021	5,100	$	13.41	to	$	22.99	$	95,232	0.00	%	0.48	%	to	2.40	%	12.74	%	to	14.89	%
December 31, 2020	4,800	$	11.69	to	$	20.02	$	81,046	0.00	%	0.48	%	to	2.40	%	8.96	%	to	11.04	%
December 31, 2019	4,024	$	10.55	to	$	18.04	$	66,031	0.00	%	0.48	%	to	2.40	%	5.73	%	to	20.54	%
December 31, 2018	3,832	$	11.57	to	$	14.97	$	52,994	0.00	%	0.55	%	to	2.40	%	-8.73	%	to	-7.04	%
December 31, 2017	2,824	$	12.49	to	$	16.10	$	42,014	0.00	%	0.55	%	to	2.40	%	15.43	%	to	17.54	%
	AST BlackRock Global Strategies Portfolio
December 31, 2021	9,928	$	12.62	to	$	17.31	$	153,966	0.00	%	0.35	%	to	2.35	%	9.11	%	to	11.28	%
December 31, 2020	10,816	$	11.34	to	$	15.59	$	151,787	0.00	%	0.35	%	to	2.35	%	2.33	%	to	4.37	%
December 31, 2019	11,474	$	12.62	to	$	14.97	$	155,803	0.00	%	0.55	%	to	2.55	%	14.70	%	to	16.97	%
December 31, 2018	11,402	$	11.00	to	$	12.79	$	133,698	0.00	%	0.55	%	to	2.55	%	-7.65	%	to	-5.80	%
December 31, 2017	12,231	$	11.91	to	$	13.58	$	153,792	0.00	%	0.55	%	to	2.55	%	9.82	%	to	11.99	%
	Allspring VT Opportunity Fund (Class 1)
December 31, 2021	4	$	37.12	to	$	38.07	$	147	0.25	%	1.50	%	to	1.75	%	22.91	%	to	23.22	%
December 31, 2020	5	$	30.20	to	$	30.90	$	147	0.70	%	1.50	%	to	1.75	%	19.24	%	to	19.53	%
December 31, 2019	6	$	25.33	to	$	25.85	$	164	0.55	%	1.50	%	to	1.75	%	29.54	%	to	29.86	%
December 31, 2018	6	$	19.55	to	$	19.91	$	127	0.43	%	1.50	%	to	1.75	%	-8.54	%	to	-8.31	%
December 31, 2017	8	$	21.38	to	$	21.71	$	171	0.87	%	1.50	%	to	1.75	%	18.65	%	to	18.95	%
	AST Prudential Core Bond Portfolio
December 31, 2021	3,528	$	10.47	to	$	13.25	$	42,755	0.00	%	0.48	%	to	2.30	%	-3.61	%	to	-1.81	%
December 31, 2020	3,604	$	10.68	to	$	13.51	$	44,784	0.00	%	0.48	%	to	2.70	%	3.19	%	to	5.54	%
December 31, 2019	2,968	$	10.14	to	$	12.81	$	35,623	0.00	%	0.48	%	to	2.70	%	1.09	%	to	9.15	%
December 31, 2018	2,551	$	10.03	to	$	11.74	$	28,280	0.00	%	0.55	%	to	2.70	%	-3.51	%	to	-1.36	%
December 31, 2017	2,337	$	10.40	to	$	11.90	$	26,414	0.00	%	0.55	%	to	2.70	%	2.82	%	to	5.09	%
	AST Bond Portfolio 2023
December 31, 2021	47	$	9.88	to	$	11.17	$	479	0.00	%	1.30	%	to	2.55	%	-4.15	%	to	-2.96	%
December 31, 2020	51	$	10.31	to	$	11.51	$	539	0.00	%	1.30	%	to	2.55	%	4.12	%	to	5.40	%
December 31, 2019	54	$	9.90	to	$	10.92	$	543	0.00	%	1.30	%	to	2.55	%	3.86	%	to	5.14	%
December 31, 2018	110	$	9.53	to	$	10.39	$	1,090	0.00	%	1.30	%	to	2.55	%	-2.76	%	to	-1.55	%
December 31, 2017	131	$	9.80	to	$	10.55	$	1,333	0.00	%	1.30	%	to	2.55	%	-0.83	%	to	0.39	%
	AST MFS Growth Allocation Portfolio
December 31, 2021	4,841	$	14.16	to	$	21.10	$	90,401	0.00	%	0.35	%	to	2.40	%	12.15	%	to	14.44	%
December 31, 2020	5,117	$	12.37	to	$	18.48	$	84,184	0.00	%	0.35	%	to	2.85	%	6.74	%	to	9.49	%
December 31, 2019	4,961	$	11.30	to	$	16.91	$	75,361	0.00	%	0.35	%	to	2.85	%	12.85	%	to	22.09	%
December 31, 2018	4,069	$	11.85	to	$	13.85	$	51,311	0.00	%	0.55	%	to	2.85	%	-10.90	%	to	-8.78	%
December 31, 2017	4,641	$	13.30	to	$	15.18	$	64,866	0.00	%	0.55	%	to	2.85	%	13.18	%	to	15.85	%

A123

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Western Asset Emerging Markets Debt Portfolio
December 31, 2021	138	$	10.38	to	$	12.86	$	1,589	0.00	%	0.48	%	to	1.95	%	-4.94	%	to	-3.51	%
December 31, 2020	110	$	10.92	to	$	13.36	$	1,344	0.00	%	0.48	%	to	1.95	%	5.35	%	to	6.93	%
December 31, 2019	89	$	10.28	to	$	12.52	$	1,035	0.00	%	0.48	%	to	1.95	%	2.98	%	to	14.22	%
December 31, 2018	72	$	9.21	to	$	10.99	$	728	0.00	%	0.55	%	to	1.95	%	-8.50	%	to	-7.18	%
December 31, 2017	68	$	10.06	to	$	11.86	$	749	0.00	%	0.55	%	to	1.95	%	7.18	%	to	8.70	%
	AST MFS Large-Cap Value Portfolio
December 31, 2021	1,225	$	13.59	to	$	28.82	$	28,647	0.00	%	0.48	%	to	2.30	%	22.18	%	to	24.45	%
December 31, 2020	1,176	$	10.94	to	$	23.17	$	23,229	0.00	%	0.48	%	to	2.45	%	1.35	%	to	3.40	%
December 31, 2019	1,033	$	10.60	to	$	22.43	$	20,655	0.00	%	0.48	%	to	2.45	%	6.32	%	to	28.64	%
December 31, 2018	893	$	11.87	to	$	17.44	$	14,199	0.00	%	0.55	%	to	2.85	%	-12.73	%	to	-10.65	%
December 31, 2017	972	$	13.33	to	$	19.51	$	17,578	0.00	%	0.55	%	to	2.85	%	14.01	%	to	16.70	%
	AST Bond Portfolio 2024
December 31, 2021	—	$	10.42	to	$	10.42	$	—	0.00	%	1.90	%	to	1.90	%	-4.22	%	to	-4.22	%
December 31, 2020	22	$	10.40	to	$	11.44	$	242	0.00	%	1.30	%	to	2.45	%	5.99	%	to	7.26	%
December 31, 2019	107	$	9.81	to	$	10.66	$	1,098	0.00	%	1.30	%	to	2.45	%	5.31	%	to	6.57	%
December 31, 2018	434	$	9.32	to	$	10.00	$	4,129	0.00	%	1.30	%	to	2.45	%	-3.09	%	to	-1.93	%
December 31, 2017	432	$	9.61	to	$	10.20	$	4,241	0.00	%	1.30	%	to	2.45	%	-0.80	%	to	0.38	%
	AST ClearBridge Dividend Growth Portfolio
December 31, 2021	933	$	13.76	to	$	27.76	$	22,738	0.00	%	0.48	%	to	2.30	%	23.61	%	to	25.91	%
December 31, 2020	972	$	10.95	to	$	22.06	$	19,094	0.00	%	0.48	%	to	2.45	%	2.16	%	to	4.23	%
December 31, 2019	894	$	10.53	to	$	21.18	$	17,386	0.00	%	0.48	%	to	2.85	%	5.92	%	to	30.31	%
December 31, 2018	770	$	13.08	to	$	16.26	$	11,691	0.00	%	0.55	%	to	2.85	%	-7.49	%	to	-5.29	%
December 31, 2017	931	$	13.85	to	$	17.16	$	15,029	0.00	%	0.55	%	to	2.85	%	15.04	%	to	17.75	%
	AST Multi-Sector Fixed Income Portfolio
December 31, 2021	170,627	$	13.10	to	$	14.07	$	2,234,643	0.00	%	1.10	%	to	1.90	%	-2.28	%	to	-1.48	%
December 31, 2020	182,479	$	13.40	to	$	14.28	$	2,445,519	0.00	%	1.10	%	to	1.90	%	10.51	%	to	11.41	%
December 31, 2019	174,543	$	12.13	to	$	12.82	$	2,116,572	0.00	%	1.10	%	to	1.90	%	16.46	%	to	17.41	%
December 31, 2018	137,940	$	10.41	to	$	10.92	$	1,436,314	0.00	%	1.10	%	to	1.90	%	-7.40	%	to	-6.64	%
December 31, 2017	113,950	$	11.24	to	$	11.70	$	1,281,280	0.00	%	1.10	%	to	1.90	%	6.66	%	to	7.53	%
	AST Large-Cap Core Portfolio
December 31, 2021	1,598	$	10.58	to	$	29.28	$	41,496	0.00	%	0.35	%	to	2.30	%	4.94	%	to	27.39	%
December 31, 2020	267	$	11.89	to	$	23.03	$	4,940	0.00	%	0.48	%	to	1.95	%	8.98	%	to	10.61	%
December 31, 2019	96	$	10.77	to	$	20.84	$	1,804	0.00	%	0.48	%	to	1.95	%	7.89	%	to	24.50	%
December 31, 2018	75	$	12.76	to	$	16.74	$	1,197	0.00	%	0.55	%	to	1.95	%	-8.97	%	to	-7.66	%
December 31, 2017	63	$	13.85	to	$	18.13	$	1,090	0.00	%	0.55	%	to	1.95	%	19.05	%	to	20.74	%
	AST Bond Portfolio 2025
December 31, 2021	13	$	11.87	to	$	12.30	$	163	0.00	%	1.90	%	to	2.30	%	-5.09	%	to	-4.67	%
December 31, 2020	17	$	12.37	to	$	12.90	$	222	0.00	%	1.90	%	to	2.45	%	8.62	%	to	9.27	%
December 31, 2019	62	$	11.11	to	$	11.78	$	719	0.00	%	1.90	%	to	2.85	%	5.62	%	to	6.65	%
December 31, 2018	227	$	10.52	to	$	11.05	$	2,469	0.00	%	1.90	%	to	2.85	%	-3.58	%	to	-2.63	%
December 31, 2017	28	$	10.91	to	$	11.16	$	303	0.00	%	2.30	%	to	2.85	%	-1.07	%	to	-0.51	%
	AST T. Rowe Price Growth Opportunities Portfolio
December 31, 2021	16,105	$	14.70	to	$	19.95	$	299,082	0.00	%	0.35	%	to	1.95	%	13.46	%	to	15.31	%
December 31, 2020	17,091	$	12.74	to	$	17.34	$	278,303	0.00	%	0.35	%	to	1.95	%	11.48	%	to	13.30	%
December 31, 2019	16,861	$	11.25	to	$	15.33	$	244,963	0.00	%	0.35	%	to	1.95	%	12.25	%	to	24.04	%
December 31, 2018	10,900	$	11.53	to	$	12.36	$	128,786	0.00	%	0.55	%	to	1.95	%	-9.45	%	to	-8.15	%
December 31, 2017	8,173	$	12.74	to	$	13.46	$	105,998	0.00	%	0.55	%	to	1.95	%	18.06	%	to	19.74	%
	AST T. Rowe Price Diversified Real Growth Portfolio
December 31, 2021	1,038	$	13.58	to	$	18.81	$	18,637	0.00	%	0.48	%	to	0.86	%	12.20	%	to	12.63	%
December 31, 2020	1,069	$	12.08	to	$	16.77	$	17,221	0.00	%	0.48	%	to	0.86	%	14.48	%	to	14.92	%
December 31, 2019	715	$	10.53	to	$	14.64	$	10,229	0.00	%	0.48	%	to	0.86	%	5.36	%	to	21.40	%
December 31, 2018	563	$	11.60	to	$	12.10	$	6,668	0.00	%	0.55	%	to	0.86	%	-7.91	%	to	-7.62	%
December 31, 2017	528	$	12.60	to	$	13.14	$	6,781	0.00	%	0.55	%	to	0.86	%	17.65	%	to	18.02	%

A124

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Prudential Flexible Multi-Strategy Portfolio
December 31, 2021	1,513	$	12.75	to	$	16.88	$	23,942	0.00	%	0.48	%	to	0.86	%	12.35	%	to	12.78	%
December 31, 2020	1,588	$	11.33	to	$	14.98	$	22,540	0.00	%	0.48	%	to	0.86	%	7.81	%	to	8.23	%
December 31, 2019	1,170	$	10.49	to	$	13.85	$	15,829	0.00	%	0.48	%	to	0.86	%	5.03	%	to	14.24	%
December 31, 2018	1,077	$	11.40	to	$	12.12	$	12,900	0.00	%	0.55	%	to	0.86	%	-7.34	%	to	-7.05	%
December 31, 2017	922	$	12.30	to	$	13.04	$	11,889	0.00	%	0.55	%	to	0.86	%	15.96	%	to	16.32	%
	AST Franklin 85/15 Diversified Allocation Portfolio
December 31, 2021	3,996	$	15.24	to	$	16.86	$	63,089	0.00	%	0.55	%	to	1.95	%	18.54	%	to	20.23	%
December 31, 2020	4,165	$	12.86	to	$	14.02	$	55,186	0.00	%	0.55	%	to	1.95	%	4.00	%	to	5.49	%
December 31, 2019	4,211	$	12.36	to	$	13.29	$	53,392	0.00	%	0.55	%	to	1.95	%	15.95	%	to	17.60	%
December 31, 2018	3,258	$	10.66	to	$	11.30	$	35,438	0.00	%	0.55	%	to	1.95	%	-8.01	%	to	-6.69	%
December 31, 2017	3,031	$	11.59	to	$	12.00	$	35,642	0.00	%	0.85	%	to	1.95	%	12.38	%	to	13.63	%
	AST Bond Portfolio 2026
December 31, 2021	40	$	10.42	to	$	10.72	$	426	0.00	%	1.90	%	to	2.30	%	-6.05	%	to	-5.67	%
December 31, 2020	126	$	10.96	to	$	11.80	$	1,426	0.00	%	1.30	%	to	2.55	%	7.93	%	to	9.26	%
December 31, 2019	978	$	9.97	to	$	10.80	$	10,189	0.00	%	1.30	%	to	2.85	%	6.89	%	to	8.62	%
December 31, 2018	1,788	$	9.33	to	$	9.94	$	17,164	0.00	%	1.30	%	to	2.85	%	-3.88	%	to	-2.32	%
December 31, 2017	1,676	$	9.70	to	$	10.18	$	16,629	0.00	%	1.30	%	to	2.85	%	-0.49	%	to	1.11	%
	AST Global Bond Portfolio
December 31, 2021	2,347	$	9.68	to	$	11.71	$	24,692	0.00	%	0.48	%	to	2.30	%	-3.73	%	to	-1.93	%
December 31, 2020	2,228	$	10.06	to	$	11.95	$	24,090	0.00	%	0.48	%	to	2.30	%	0.59	%	to	3.99	%
December 31, 2019	76	$	9.96	to	$	11.50	$	861	0.00	%	0.48	%	to	0.86	%	-0.78	%	to	6.40	%
December 31, 2018	65	$	10.47	to	$	10.81	$	697	0.00	%	0.55	%	to	0.86	%	2.58	%	to	2.90	%
December 31, 2017	44	$	10.28	to	$	10.51	$	456	0.00	%	0.55	%	to	0.86	%	1.53	%	to	1.84	%
	AST QMA International Core Equity Portfolio
December 31, 2021	154	$	12.49	to	$	14.10	$	2,036	0.00	%	0.48	%	to	0.86	%	11.15	%	to	11.58	%
December 31, 2020	113	$	11.22	to	$	12.67	$	1,362	0.00	%	0.48	%	to	0.86	%	5.66	%	to	6.07	%
December 31, 2019	94	$	10.60	to	$	11.97	$	1,085	0.00	%	0.48	%	to	0.86	%	6.98	%	to	16.21	%
December 31, 2018	90	$	9.66	to	$	10.32	$	886	0.00	%	0.55	%	to	0.86	%	-16.16	%	to	-15.89	%
December 31, 2017	66	$	11.50	to	$	12.29	$	779	0.00	%	0.55	%	to	0.86	%	23.52	%	to	23.90	%
	BlackRock Global Allocation V.I. Fund (Class III)
December 31, 2021	573	$	13.33	to	$	15.92	$	8,783	0.83	%	0.48	%	to	0.86	%	5.50	%	to	5.90	%
December 31, 2020	533	$	12.61	to	$	15.04	$	7,828	1.46	%	0.48	%	to	0.86	%	19.67	%	to	20.13	%
December 31, 2019	427	$	10.52	to	$	12.53	$	5,332	1.18	%	0.48	%	to	0.86	%	5.41	%	to	17.11	%
December 31, 2018	495	$	10.59	to	$	10.70	$	5,280	0.84	%	0.55	%	to	0.86	%	-8.38	%	to	-8.09	%
December 31, 2017	336	$	11.55	to	$	11.64	$	3,900	1.35	%	0.55	%	to	0.86	%	12.73	%	to	13.08	%
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)
December 31, 2021	263	$	11.56	to	$	14.18	$	3,481	2.67	%	0.48	%	to	0.86	%	7.29	%	to	7.70	%
December 31, 2020	208	$	10.75	to	$	13.18	$	2,647	3.26	%	0.48	%	to	0.86	%	4.31	%	to	4.71	%
December 31, 2019	199	$	10.29	to	$	12.60	$	2,482	3.10	%	0.48	%	to	0.86	%	2.82	%	to	13.64	%
December 31, 2018	195	$	10.97	to	$	11.08	$	2,159	0.00	%	0.55	%	to	0.86	%	-5.74	%	to	-5.44	%
December 31, 2017	123	$	11.64	to	$	11.72	$	1,434	3.85	%	0.55	%	to	0.86	%	10.75	%	to	11.09	%
	AST Bond Portfolio 2027
December 31, 2021	101	$	10.48	to	$	10.86	$	1,083	0.00	%	1.75	%	to	2.30	%	-6.79	%	to	-6.23	%
December 31, 2020	144	$	11.01	to	$	11.84	$	1,649	0.00	%	1.30	%	to	2.70	%	8.85	%	to	10.43	%
December 31, 2019	532	$	10.06	to	$	10.72	$	5,539	0.00	%	1.30	%	to	2.85	%	7.53	%	to	9.27	%
December 31, 2018	1,345	$	9.35	to	$	9.81	$	12,857	0.00	%	1.30	%	to	2.85	%	-4.09	%	to	-2.53	%
December 31, 2017	1,311	$	9.75	to	$	10.07	$	12,983	0.00	%	1.30	%	to	2.85	%	-0.23	%	to	1.37	%
	NVIT Emerging Markets Fund (Class D)
December 31, 2021	26	$	13.25	to	$	13.49	$	346	0.95	%	1.40	%	to	1.75	%	-9.18	%	to	-8.87	%
December 31, 2020	26	$	14.58	to	$	14.81	$	384	1.64	%	1.40	%	to	1.75	%	10.98	%	to	11.36	%
December 31, 2019	37	$	13.14	to	$	13.30	$	485	2.31	%	1.40	%	to	1.75	%	20.47	%	to	20.89	%
December 31, 2018	35	$	10.91	to	$	11.00	$	378	0.35	%	1.40	%	to	1.75	%	-19.13	%	to	-18.85	%
December 31, 2017	34	$	13.49	to	$	13.55	$	462	0.89	%	1.40	%	to	1.75	%	38.68	%	to	39.15	%

A125

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Bond Portfolio 2028 (available January 3, 2017)
December 31, 2021	462	$	10.89	to	$	11.12	$	5,106	0.00	%	1.90	%	to	2.30	%	-6.65	%	to	-6.26	%
December 31, 2020	0	$	11.60	to	$	11.86	$	—	0.00	%	1.90	%	to	2.45	%	11.87	%	to	12.50	%
December 31, 2019	101	$	10.37	to	$	10.68	$	1,062	0.00	%	1.50	%	to	2.45	%	8.86	%	to	9.94	%
December 31, 2018	510	$	9.52	to	$	9.72	$	4,901	0.00	%	1.50	%	to	2.45	%	-4.47	%	to	-3.51	%
December 31, 2017	5	$	9.97	to	$	9.97	$	46	0.00	%	2.45	%	to	2.45	%	-0.30	%	to	-0.30	%
	AST Bond Portfolio 2029 (available January 2, 2018)
December 31, 2021	—	$	10.75	to	$	11.71	$	—	0.00	%	1.15	%	to	3.25	%	-7.62	%	to	-5.61	%	(3)
December 31, 2020	—	$	11.91	to	$	12.29	$	—	0.00	%	1.50	%	to	2.55	%	13.40	%	to	14.57	%
December 31, 2019	377	$	10.51	to	$	10.73	$	4,002	0.00	%	1.50	%	to	2.55	%	9.51	%	to	10.64	%
December 31, 2018	16	$	9.60	to	$	9.65	$	150	0.00	%	1.90	%	to	2.45	%	-4.02	%	to	-3.48	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST American Funds Growth Allocation Portfolio (available April 30, 2018)
December 31, 2021	6,706	$	15.21	to	$	16.02	$	104,104	0.00	%	0.55	%	to	1.95	%	12.50	%	to	14.11	%
December 31, 2020	6,928	$	13.52	to	$	14.04	$	95,070	0.00	%	0.55	%	to	1.95	%	19.63	%	to	21.33	%
December 31, 2019	6,509	$	11.30	to	$	11.57	$	74,239	0.00	%	0.55	%	to	1.95	%	19.92	%	to	21.63	%
December 31, 2018	2,482	$	9.42	to	$	9.51	$	23,479	0.00	%	0.55	%	to	1.95	%	-5.28	%	to	-4.38	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST Bond Portfolio 2030 (available January 2, 2019)
December 31, 2021	276	$	11.64	to	$	12.07	$	3,267	0.00	%	1.30	%	to	2.55	%	-6.58	%	to	-5.43	%
December 31, 2020	759	$	12.40	to	$	12.77	$	9,566	0.00	%	1.30	%	to	2.70	%	11.42	%	to	13.04	%
December 31, 2019	173	$	11.16	to	$	11.29	$	1,942	0.00	%	1.30	%	to	2.45	%	11.60	%	to	12.93	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST BlackRock 80/20 Target Allocation ETF Portfolio (available January 28, 2019)
December 31, 2021	2,870	$	16.00	to	$	16.54	$	46,632	0.00	%	0.85	%	to	1.95	%	13.73	%	to	15.01	%
December 31, 2020	2,971	$	14.07	to	$	14.38	$	42,221	0.00	%	0.85	%	to	1.95	%	16.06	%	to	17.36	%
December 31, 2019	2,254	$	12.12	to	$	12.25	$	27,463	0.00	%	0.85	%	to	1.95	%	15.93	%	to	17.13	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST BlackRock 60/40 Target Allocation ETF Portfolio (available January 28, 2019)
December 31, 2021	2,079	$	14.53	to	$	15.02	$	30,671	0.00	%	0.85	%	to	1.95	%	9.41	%	to	10.64	%
December 31, 2020	2,108	$	13.28	to	$	13.58	$	28,277	0.00	%	0.85	%	to	1.95	%	13.50	%	to	14.78	%
December 31, 2019	1,561	$	11.70	to	$	11.83	$	18,354	0.00	%	0.85	%	to	1.95	%	12.97	%	to	14.14	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST Dimensional Global Core Allocation Portfolio (available November 18, 2019) (liquidated October 15, 2021)
December 31, 2021	—	$	13.19	to	$	13.34	$	—	0.00	%	0.85	%	to	1.45	%	13.23	%	to	13.78	%
December 31, 2020	42	$	11.65	to	$	11.73	$	484	0.00	%	0.85	%	to	1.45	%	13.07	%	to	13.75	%
December 31, 2019	1	$	10.30	to	$	10.30	$	9	0.00	%	1.45	%	to	1.45	%	3.02	%	to	3.02	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST Bond Portfolio 2031 (available January 2, 2020)
December 31, 2021	1,067	$	10.25	to	$	10.51	$	11,044	0.00	%	1.30	%	to	2.55	%	-7.14	%	to	-5.99	%
December 31, 2020	936	$	11.04	to	$	11.17	$	10,389	0.00	%	1.30	%	to	2.55	%	10.40	%	to	11.76	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® International Growth Portfolio (Service Shares) (available April 27, 2020)
December 31, 2021	41	$	14.57	to	$	14.62	$	605	0.40	%	0.48	%	to	0.68	%	8.25	%	to	8.47	%
December 31, 2020	16	$	13.47	to	$	13.48	$	216	0.18	%	0.48	%	to	0.55	%	32.65	%	to	32.71	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A126

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares) (available April 27, 2020)
December 31, 2021	8	$	16.90	to	$	16.95	$	137	0.03	%	0.48	%	to	0.66	%	24.83	%	to	25.05	%
December 31, 2020	4	$	13.54	to	$	13.56	$	56	0.00	%	0.48	%	to	0.66	%	33.26	%	to	33.42	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Technology Portfolio (Service Shares) (available April 27, 2020)
December 31, 2021	220	$	16.40	to	$	16.51	$	3,623	0.00	%	0.48	%	to	0.86	%	12.45	%	to	12.88	%
December 31, 2020	103	$	14.58	to	$	14.62	$	1,506	0.00	%	0.48	%	to	0.86	%	44.68	%	to	45.06	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Mid Cap Growth Series (Service Shares) (available April 27, 2020)
December 31, 2021	66	$	16.66	to	$	16.77	$	1,102	0.00	%	0.48	%	to	0.86	%	12.90	%	to	13.33	%
December 31, 2020	30	$	14.77	to	$	14.79	$	443	0.00	%	0.48	%	to	0.73	%	44.43	%	to	44.67	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® New Discovery Series (Service Shares) (available April 27, 2020)
December 31, 2021	27	$	16.81	to	$	16.92	$	452	0.00	%	0.48	%	to	0.86	%	0.70	%	to	1.09	%
December 31, 2020	12	$	16.71	to	$	16.74	$	207	0.00	%	0.48	%	to	0.73	%	61.84	%	to	62.11	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Research Series (Service Shares) (available April 27, 2020)
December 31, 2021	9	$	16.04	to	$	16.09	$	151	0.34	%	0.48	%	to	0.68	%	23.67	%	to	23.92	%
December 31, 2020	9	$	12.97	to	$	12.99	$	122	0.05	%	0.48	%	to	0.68	%	27.88	%	to	28.06	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Total Return Bond Series (Service Shares) (available April 27, 2020)
December 31, 2021	314	$	10.51	to	$	10.58	$	3,318	2.50	%	0.48	%	to	0.86	%	-1.92	%	to	-1.54	%
December 31, 2020	169	$	10.71	to	$	10.74	$	1,814	0.55	%	0.48	%	to	0.86	%	7.38	%	to	7.66	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Total Return Series (Service Shares) (available April 27, 2020)
December 31, 2021	77	$	13.54	to	$	13.60	$	1,047	1.72	%	0.48	%	to	0.73	%	13.00	%	to	13.29	%
December 31, 2020	43	$	11.99	to	$	12.01	$	518	1.77	%	0.48	%	to	0.73	%	18.37	%	to	18.58	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Utilities Series (Service Shares) (available April 27, 2020)
December 31, 2021	139	$	13.69	to	$	13.77	$	1,906	1.68	%	0.48	%	to	0.86	%	12.84	%	to	13.28	%
December 31, 2020	58	$	12.13	to	$	12.16	$	703	1.18	%	0.48	%	to	0.86	%	19.22	%	to	19.53	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS Asset Allocation Fund (Class 4) (available August 17, 2020)
December 31, 2021	234	$	12.37	to	$	12.44	$	2,901	1.86	%	0.48	%	to	0.86	%	13.85	%	to	14.29	%
December 31, 2020	79	$	10.87	to	$	10.88	$	864	2.46	%	0.48	%	to	0.86	%	8.38	%	to	8.53	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A127

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	American Funds IS Washington Mutual Investors Fund (Class 4) (available August 17, 2020)
December 31, 2021	118	$	14.05	to	$	14.12	$	1,669	1.91	%	0.48	%	to	0.86	%	26.42	%	to	26.90	%
December 31, 2020	22	$	11.12	to	$	11.13	$	246	2.26	%	0.48	%	to	0.73	%	11.08	%	to	11.18	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS The Bond Fund of America (Class 4) (available August 17, 2020)
December 31, 2021	191	$	9.97	to	$	10.03	$	1,916	2.15	%	0.48	%	to	0.86	%	-1.44	%	to	-1.06	%
December 31, 2020	24	$	10.12	to	$	10.13	$	247	3.15	%	0.48	%	to	0.73	%	1.25	%	to	1.34	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS Capital World Growth and Income Fund (Class 4) (available August 17, 2020)
December 31, 2021	43	$	12.87	to	$	12.93	$	559	2.12	%	0.48	%	to	0.86	%	13.48	%	to	13.91	%
December 31, 2020	5	$	11.35	to	$	11.35	$	55	1.00	%	0.48	%	to	0.55	%	13.12	%	to	13.15	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS Global Small Capitalization Fund (Class 4) (available August 17, 2020)
December 31, 2021	19	$	13.16	to	$	13.19	$	255	0.00	%	0.48	%	to	0.66	%	5.72	%	to	5.92	%
December 31, 2020	3	$	12.45	to	$	12.45	$	40	0.00	%	0.55	%	to	0.66	%	23.41	%	to	23.46	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS Growth Fund (Class 4) (available August 17, 2020)
December 31, 2021	345	$	14.78	to	$	14.83	$	5,108	0.05	%	0.48	%	to	0.73	%	20.80	%	to	21.10	%
December 31, 2020	157	$	12.23	to	$	12.25	$	1,918	0.00	%	0.48	%	to	0.73	%	20.39	%	to	20.50	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS Growth-Income Fund (Class 4) (available August 17, 2020)
December 31, 2021	87	$	13.59	to	$	13.64	$	1,190	1.13	%	0.48	%	to	0.73	%	22.90	%	to	23.21	%
December 31, 2020	32	$	11.06	to	$	11.07	$	349	2.12	%	0.48	%	to	0.73	%	10.18	%	to	10.28	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS International Fund (Class 4) (available August 17, 2020)
December 31, 2021	15	$	11.69	to	$	11.73	$	176	4.08	%	0.48	%	to	0.73	%	-2.43	%	to	-2.18	%
December 31, 2020	3	$	11.99	to	$	11.99	$	36	0.41	%	0.66	%	to	0.66	%	19.50	%	to	19.50	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS New World Fund® (Class 4) (available August 17, 2020)
December 31, 2021	61	$	12.36	to	$	12.42	$	753	0.84	%	0.48	%	to	0.86	%	3.73	%	to	4.13	%
December 31, 2020	21	$	11.92	to	$	11.93	$	249	0.00	%	0.48	%	to	0.73	%	18.51	%	to	18.62	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	BlackRock Advantage Large Cap Core V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	45	$	14.27	to	$	14.32	$	640	0.08	%	0.48	%	to	0.73	%	27.13	%	to	27.45	%
December 31, 2020	17	$	11.22	to	$	11.23	$	191	1.92	%	0.48	%	to	0.66	%	11.63	%	to	11.70	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A128

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	BlackRock Advantage Large Cap Value V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	71	$	14.08	to	$	14.15	$	998	3.76	%	0.48	%	to	0.86	%	25.13	%	to	25.61	%
December 31, 2020	3	$	11.25	to	$	11.27	$	36	2.03	%	0.48	%	to	0.86	%	12.64	%	to	12.80	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	BlackRock Capital Appreciation V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	42	$	13.91	to	$	13.96	$	590	0.00	%	0.48	%	to	0.73	%	20.01	%	to	20.31	%
December 31, 2020	12	$	11.59	to	$	11.60	$	143	0.00	%	0.48	%	to	0.73	%	14.95	%	to	15.06	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	BlackRock Equity Dividend V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	85	$	13.42	to	$	13.49	$	1,152	1.33	%	0.48	%	to	0.86	%	19.26	%	to	19.72	%
December 31, 2020	15	$	11.26	to	$	11.27	$	174	1.13	%	0.48	%	to	0.66	%	12.85	%	to	12.92	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	BlackRock Large Cap Focus Growth V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	134	$	13.32	to	$	13.37	$	1,795	0.00	%	0.48	%	to	0.73	%	16.92	%	to	17.22	%
December 31, 2020	19	$	11.39	to	$	11.40	$	212	0.00	%	0.48	%	to	0.73	%	12.78	%	to	12.88	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Balanced Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2021	358	$	13.07	to	$	13.12	$	4,688	0.89	%	0.48	%	to	0.73	%	17.13	%	to	17.42	%
December 31, 2020	139	$	11.16	to	$	11.17	$	1,554	2.32	%	0.48	%	to	0.73	%	11.35	%	to	11.46	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Contrafund® Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2021	360	$	13.87	to	$	13.95	$	5,007	0.02	%	0.48	%	to	0.86	%	26.42	%	to	26.90	%
December 31, 2020	200	$	10.98	to	$	10.99	$	2,199	0.00	%	0.48	%	to	0.73	%	8.94	%	to	9.04	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2021	217	$	13.68	to	$	13.76	$	2,985	0.00	%	0.48	%	to	0.86	%	10.71	%	to	11.13	%
December 31, 2020	112	$	12.37	to	$	12.38	$	1,389	0.00	%	0.48	%	to	0.73	%	22.35	%	to	22.47	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Health Care Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2021	298	$	12.03	to	$	12.09	$	3,596	0.04	%	0.48	%	to	0.86	%	10.49	%	to	10.91	%
December 31, 2020	151	$	10.89	to	$	10.90	$	1,640	1.02	%	0.48	%	to	0.73	%	7.68	%	to	7.78	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A129

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	BlackRock Basic Value V.I. Fund (Class III) (available August 17, 2020)
December 31, 2021	18	$	13.89	to	$	13.89	$	248	1.46	%	0.48	%	to	0.48	%	20.76	%	to	20.76	%
December 31, 2020	5	$	11.50	to	$	11.50	$	60	3.74	%	0.48	%	to	0.48	%	15.31	%	to	15.31	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	AST Bond Portfolio 2032 (available January 4, 2021)
December 31, 2021	621	$	9.23	to	$	9.35	$	5,771	0.00	%	1.30	%	to	2.55	%	-7.63	%	to	-6.50	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF Global Portfolio (Class III) (available April 26, 2021)
December 31, 2021	1	$	10.64	to	$	10.64	$	16	0.00	%	0.48	%	to	0.48	%	6.13	%	to	6.13	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF Mid-Cap Growth Portfolio (Class III) (available April 26, 2021)
December 31, 2021	26	$	10.23	to	$	10.24	$	271	0.00	%	0.48	%	to	0.68	%	1.12	%	to	1.26	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF Natural Resources Portfolio (Class III) (available April 26, 2021)
December 31, 2021	29	$	10.99	to	$	11.00	$	321	0.00	%	0.48	%	to	0.68	%	8.26	%	to	8.41	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)
December 31, 2021	77	$	10.72	to	$	10.74	$	824	0.00	%	0.48	%	to	0.68	%	7.17	%	to	7.31	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)
December 31, 2021	38	$	10.77	to	$	10.78	$	407	0.00	%	0.48	%	to	0.66	%	7.56	%	to	7.69	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Government Income Portfolio (Class III) (available April 26, 2021)
December 31, 2021	10	$	9.86	to	$	9.87	$	94	0.00	%	0.48	%	to	0.66	%	-1.36	%	to	-1.24	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A130

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)
December 31, 2021	137	$	10.33	to	$	10.36	$	1,418	0.00	%	0.48	%	to	0.86	%	3.13	%	to	3.40	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)
December 31, 2021	16	$	11.12	to	$	11.12	$	175	0.00	%	0.48	%	to	0.48	%	10.33	%	to	10.33	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Jennison Focused Blend Portfolio (Class III) (available April 26, 2021)
December 31, 2021	1	$	10.68	to	$	10.69	$	11	0.00	%	0.48	%	to	0.66	%	5.85	%	to	5.98	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)
December 31, 2021	91	$	11.05	to	$	11.06	$	1,004	0.00	%	0.48	%	to	0.73	%	9.18	%	to	9.37	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)
December 31, 2021	21	$	11.07	to	$	11.08	$	235	0.00	%	0.48	%	to	0.66	%	10.44	%	to	10.58	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)
December 31, 2021	154	$	10.14	to	$	10.16	$	1,560	0.00	%	0.48	%	to	0.68	%	1.42	%	to	1.56	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)
December 31, 2021	118	$	10.37	to	$	10.40	$	1,226	0.00	%	0.48	%	to	0.86	%	3.20	%	to	3.47	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	PSF Stock Index Portfolio (Class III) (available April 26, 2021)
December 31, 2021	430	$	11.40	to	$	11.43	$	4,911	0.00	%	0.48	%	to	0.86	%	13.80	%	to	14.10	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Investors Trust Series (Service Shares) (available April 27, 2020)(2)
December 31, 2021	3	$	16.36	to	$	16.41	$	49	0.61	%	0.48	%	to	0.66	%	25.67	%	to	25.90	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A131

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	MFS® International Intrinsic Value Portfolio (Initial Class) (available November 30, 2020)(2)
December 31, 2021	3	$	13.12	to	$	13.12	$	45	0.59	%	0.40	%	to	0.40	%	10.11	%	to	10.11	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Mid Cap Growth Series (Initial Class) (available November 30, 2020)(2)
December 31, 2021	1	$	14.48	to	$	14.48	$	15	0.00	%	0.40	%	to	0.40	%	13.66	%	to	13.66	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Western Asset Core Plus VIT Portfolio (Class I) (available November 30, 2020)(2)
December 31, 2021	3	$	10.37	to	$	10.37	$	28	5.14	%	0.40	%	to	0.40	%	-2.36	%	to	-2.36	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	ClearBridge Variable Small Cap Growth Portfolio (Class I) (available November 30, 2020)(2)
December 31, 2021	4	$	15.28	to	$	15.28	$	55	0.00	%	0.40	%	to	0.40	%	12.16	%	to	12.16	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	ClearBridge Variable Large Cap Growth Portfolio (Class I) (available November 30, 2020)(2)
December 31, 2021	4	$	14.97	to	$	14.97	$	65	0.00	%	0.40	%	to	0.40	%	21.45	%	to	21.45	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) (available November 30, 2020)(2)
December 31, 2021	3	$	13.25	to	$	13.25	$	45	0.00	%	0.40	%	to	0.40	%	11.89	%	to	11.89	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Mid Cap Portfolio (Initial Class) (available November 30, 2020)(2)
December 31, 2021	5	$	14.45	to	$	14.45	$	74	0.85	%	0.40	%	to	0.40	%	25.10	%	to	25.10	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Emerging Markets Portfolio (Initial Class) (available November 30, 2020)(2)
December 31, 2021	7	$	12.91	to	$	12.91	$	93	3.40	%	0.40	%	to	0.40	%	-2.63	%	to	-2.63	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A132

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	DFA VA U.S. Targeted Value Portfolio (available November 30, 2020)(2)
December 31, 2021	3	$	14.92	to	$	14.92	$	48	1.72	%	0.75	%	to	0.75	%	38.64	%	to	38.64	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	BlackRock Large Cap Focus Growth V.I. Fund (Class I) (available November 30, 2020)(2)
December 31, 2021	23	$	15.35	to	$	15.35	$	346	0.00	%	0.40	%	to	0.40	%	17.62	%	to	17.62	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS U.S. Government Securities Fund (Class 1) (available November 30, 2020)(2)
December 31, 2021	11	$	10.64	to	$	10.64	$	118	2.20	%	0.75	%	to	0.75	%	-1.19	%	to	-1.19	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	American Funds IS The Bond Fund of America (Class 1) (available November 30, 2020)(2)
December 31, 2021	1	$	10.56	to	$	10.56	$	14	2.82	%	0.75	%	to	0.75	%	-0.89	%	to	-0.89	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Vanguard International Portfolio (available November 30, 2020)(2)
December 31, 2021	13	$	14.84	to	$	14.84	$	196	0.00	%	0.75	%	to	0.75	%	-2.28	%	to	-2.28	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Vanguard Diversified Value Portfolio (available November 30, 2020)(2)
December 31, 2021	16	$	14.19	to	$	14.19	$	229	0.00	%	0.75	%	to	0.75	%	29.49	%	to	29.49	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Vanguard Total International Stock Market Index Portfolio (available November 30, 2020)(2)
December 31, 2021	2	$	12.13	to	$	12.13	$	24	0.00	%	0.75	%	to	0.75	%	7.72	%	to	7.72	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Vanguard Mid-Cap Index Portfolio (available November 30, 2020)(2)
December 31, 2021	10	$	14.01	to	$	14.01	$	141	0.00	%	0.75	%	to	0.75	%	23.43	%	to	23.43	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A133

Note 7:    Financial Highlights (continued)

	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	Vanguard Equity Index Portfolio (available November 30, 2020)(2)
December 31, 2021	4	$	14.47	to	$	14.47	$	55	0.00	%	0.75	%	to	0.75	%	27.59	%	to	27.59	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® Total Return Bond Series (Initial Class) (available November 30, 2020)(2)
December 31, 2021	1	$	10.39	to	$	10.39	$	14	6.63	%	0.40	%	to	0.40	%	-1.21	%	to	-1.21	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) (available November 30, 2020)(2)
December 31, 2021	11	$	10.53	to	$	10.53	$	118	2.35	%	0.40	%	to	0.40	%	-1.00	%	to	-1.00	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	MFS® New Discovery Series (Initial Class) (available November 30, 2020)(2)
December 31, 2021	4	$	14.12	to	$	14.12	$	55	0.00	%	0.40	%	to	0.40	%	1.39	%	to	1.39	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
	ClearBridge Variable Dividend Strategy Portfolio (Class I) (available November 30, 2020)(2)
December 31, 2021	11	$	13.35	to	$	13.35	$	142	1.41	%	0.40	%	to	0.40	%	26.29	%	to	26.29	%
December 31, 2020	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2019	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2018	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying Portfolios, net of management fees assessed by the fund manager, divided by the average daily net assets. These ratios exclude those expenses, such as mortality and expense risk and administration charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying Portfolios in which the subaccount invests.
**	These amounts represent the annualized contract expenses of the Account, consisting primarily of mortality and expense risk and administration charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Portfolios are excluded.
***	These amounts represent the total returns for the periods indicated, including changes in the value of the underlying Portfolios, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Product designs within a subaccount which were offered less than one year are included in the range of total returns for that period, and their respective total returns may not correspond to the total returns of a product offering with a comparable expense ratio that was presented for the full period. Contract owners may experience different total returns based on their investment options. Subaccounts with a date notation indicate the effective date of that subaccount in the Account. Total returns for periods less than one year are not annualized. The total return is calculated for each of the five years in the period ended December 31, 2021 or from the effective date of the subaccount through the end of the reporting period.

A134

Note 7:    Financial Highlights (continued)

(1)     Amount is less than 0.01%.

(2)    Subaccount became available for investment prior to 2021 but had no activity until 2021.

(3)    Total return reflects the return had there been contract owners in the subaccount during the period.

Note 8:    Charges and Expenses

The following represents the various charges and expenses of the Account which are paid to Pruco Life of New Jersey.

A.Mortality and Expense Risk Charges

The mortality and expense risk charges are applied daily against the net assets of each subaccount. Mortality risk is the risk that contract owners may live longer than estimated and expense risk is the risk that the cost of issuing and administering the contracts may exceed related charges assessed by Pruco Life of New Jersey. These charges are assessed through a reduction in unit values.

B.Administration Charge

The administration charge is applied daily against the net assets of each subaccount. Administration charge includes costs associated with issuing the contracts, establishing and maintaining records, and providing reports to contract owners. This charge is assessed through a reduction in unit values.

The following are the base and maximum combined mortality and expense risk and administration charges of the respective contracts.

Products	Base	Maximum
Discovery Choice	1.35%	1.65%
Discovery Select	1.40%	1.40%
Prudential Defined Income Annuity	1.10%	1.90%
Prudential MyRock Advisor New York Variable Annuity	0.25%	1.20%
Prudential Premier Advisor Variable Annuity Series(1)	0.35% / 0.55%	1.55%
Prudential Premier Investment Variable Annuity B Series(2)	0.48% / 0.55%	0.73%
Prudential Premier Investment Variable Annuity C Series	0.68%	0.86%
Prudential Premier Retirement Variable Annuity	0.85%	0.85%
Prudential Premier Retirement Variable Annuity B Series	1.30%	2.30%
Prudential Premier Retirement Variable Annuity C Series	1.30%	2.75%
Prudential Premier Retirement Variable Annuity L Series	1.30%	2.70%
Prudential Premier Retirement Variable Annuity X Series	1.30%	2.85%
Prudential Premier Variable Annuity B Series	1.15%	2.15%
Prudential Premier Variable Annuity Bb Series	0.95%	1.95%
Prudential Premier Variable Annuity L Series	1.50%	2.50%
Prudential Premier Variable Annuity X Series	1.55%	2.55%
Strategic Partners Advisor	1.40%	2.25%
Strategic Partners FlexElite	1.60%	2.45%
Strategic Partners FlexElite 2	1.65%	2.50%
Strategic Partners Plus	1.40%	2.40%
Strategic Partners Plus 3	1.40%	2.35%
Strategic Partners Select	1.52%	1.52%
Strategic Partners Variable Annuity One	1.40%	2.40%
Strategic Partners Variable Annuity One 3	1.40%	2.35%

(1)    Effective February 25, 2019, the base charge on Prudential Premier Advisor Variable Annuity Series product was reduced to 0.35%. Contracts issued under this product on or after February 25, 2019 will have a base charge of 0.35%.

A135

Note 8:    Charges and Expenses (continued)

(2)    Effective September 16, 2019, the base charge on Prudential Premier Investment Variable Annuity B Series product was reduced to 0.48%. Contracts issued under this product on or after September 16, 2019 will have a base charge of 0.48%.

C.Withdrawal Charges

A withdrawal charge may be assessed upon full or partial contract owner redemptions. These charges relate to the expenses of selling and distributing the contracts, including sales commissions, printing of prospectuses, sales administration, preparation of sales literature and other promotional activities. No withdrawal charge is imposed whenever earnings are withdrawn. The range for withdrawal charges is 0%-9%. The charge is assessed through the redemption of units.

D.Other Related Charges

For certain products with Highest Daily Lifetime Seven benefit options, the optional benefit fee is a percentage of the protected withdrawal value and is deducted pro rata from the subaccounts on a quarterly basis.

For certain products with Highest Daily Lifetime Income, Highest Daily Lifetime Six Plus, and Highest Daily Lifetime Seven Plus benefit options, the optional benefit fee is assessed against the greater of the unadjusted account value or the protected withdrawal value and is deducted pro rata from the subaccounts on a quarterly basis.

An annual maintenance fee is charged if purchase payments or account value is less than a stated amount (varies by product).

A quarterly premium-based charge is applicable to certain products, which ranges from 0.15% to 0.84% annualized.

These other related charges are assessed through the redemption of units.

Note 9:    Other

Accumulation units are the basic valuation units used to calculate a contract owner's interest allocated to the variable account before the annuitization date.

Contract owner net payments represent contract owner contributions, net of applicable deductions, charges, and state premium taxes, including transfers from the general account as a remittance of remediation credits to contract owners.

Annuity payments represent transfers to the general account at the time of contract annuitization which are used to establish the fixed payout account from which future annuity payments are distributed under the terms of the contracts.

Surrenders, withdrawals and death benefits are payments to contract owners and beneficiaries made under the terms of the contracts, including amounts that contract owners have requested to be withdrawn or paid to them.

Net transfers between other subaccounts or fixed rate option are amounts that contract owners have directed to be moved among subaccounts, including permitted transfers to and from the guaranteed interest account and market value adjustment account.

Miscellaneous transactions primarily represent timing related adjustments on contract owner transactions, such as premiums, surrenders, transfers, etc. which are funded by the general account in order to maintain appropriate contract owner account balances.

Other charges are contract level charges assessed through the redemption of units as described in Note 8, Charges and Expenses.

A136

Report of Independent Registered Public Accounting Firm

Tothe Board of Directors ofPruco Life Insurance Company of New Jersey and

the Contract Owners of Pruco Life of New Jersey Flexible Premium Variable Annuity Account

Opinions on the Financial Statements

We have audited the accompanying statements of net assets of each of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account indicated in the table below as of the dates indicated in the table below, and the related statements of operationsand of changes in net assets for each of the periods indicated in the table below,including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account as of the dates indicated in the table below, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

PSF PGIM Government Money Market Portfolio (Class I) (1)	AST MFS Large-Cap Value Portfolio (1)
PSF PGIM Total Return Bond Portfolio (Class I) (1)	AST Bond Portfolio 2024 (1)
PSF PGIM Jennison Blend Portfolio (Class I) (1)	AST ClearBridge Dividend Growth Portfolio (1)
PSF PGIM Jennison Value Portfolio (Class I) (1)	AST Multi-Sector Fixed Income Portfolio (1)
PSF PGIM High Yield Bond Portfolio (Class I) (1)	AST Large-Cap Core Portfolio (1)
PSF Stock Index Portfolio (Class I) (1)	AST Bond Portfolio 2025 (1)
PSF Global Portfolio (Class I) (1)	AST T. Rowe Price Growth Opportunities Portfolio (1)
PSF PGIM Jennison Growth Portfolio (Class I) (1)	AST T. Rowe Price Diversified Real Growth Portfolio (1)
PSF Small-Cap Stock Index Portfolio (Class I) (1)	AST Prudential Flexible Multi-Strategy Portfolio (1)
T. Rowe Price International Stock Portfolio (1)	AST Franklin 85/15 Diversified Allocation Portfolio (1)
T. Rowe Price Equity Income Portfolio (Equity Income Class) (1)	AST Bond Portfolio 2026 (1)
Invesco V.I. Core Equity Fund (Series I) (1)	AST Global Bond Portfolio (1)
Janus Henderson VIT Research Portfolio (Institutional Shares) (1)	AST QMA International Core Equity Portfolio (1)
Janus Henderson VIT Overseas Portfolio (Institutional Shares) (1)	BlackRock Global Allocation V.I. Fund (Class III) (1)
MFS® Research Series (Initial Class) (1)	JPMorgan Insurance Trust Income Builder Portfolio (Class 2) (1)
MFS® Growth Series (Initial Class) (1)	AST Bond Portfolio 2027 (1)
American Century VP Value Fund (Class I) (1)	NVIT Emerging Markets Fund (Class D) (1)
Franklin Small-Mid Cap Growth VIP Fund (Class 2) (1)	AST Bond Portfolio 2028 (1)
PSF PGIM Jennison Focused Blend Portfolio (Class I) (1)	AST Bond Portfolio 2029 (1)
Davis Value Portfolio (1)	AST American Funds Growth Allocation Portfolio (1)
AB VPS Large Cap Growth Portfolio (Class B) (1)	AST Bond Portfolio 2030 (1)
PSF Small-Cap Value Portfolio (Class I) (1)	AST BlackRock 80/20 Target Allocation ETF Portfolio (1)
Janus Henderson VIT Research Portfolio (Service Shares) (1)	AST BlackRock 60/40 Target Allocation ETF Portfolio (1)
PSF Mid-Cap Growth Portfolio (Class I) (1)	AST Dimensional Global Core Allocation Portfolio (5)
PSF International Growth Portfolio (Class I) (1)	AST Bond Portfolio 2031 (1)
AST Cohen & Steers Realty Portfolio (1)	MFS® International Growth Portfolio (Service Shares) (1)
AST J.P. Morgan Tactical Preservation Portfolio (1)	MFS® Massachusetts Investors Growth Stock Portfolio (Service Shares) (1)
AST T. Rowe Price Large-Cap Value Portfolio (1)	MFS® Technology Portfolio (Service Shares) (1)
AST High Yield Portfolio (1)	MFS® Mid Cap Growth Series (Service Shares) (1)
AST Small-Cap Growth Opportunities Portfolio (1)	MFS® New Discovery Series (Service Shares) (1)
AST WEDGE Capital Mid-Cap Value Portfolio (2)	MFS® Research Series (Service Shares) (1)

A137

AST Small-Cap Value Portfolio (1)	MFS® Total Return Bond Series (Service Shares) (1)
AST Mid-Cap Growth Portfolio (1)	MFS® Total Return Series (Service Shares) (1)
AST Hotchkis & Wiley Large-Cap Value Portfolio (1)	MFS® Utilities Series (Service Shares) (1)
AST Loomis Sayles Large-Cap Growth Portfolio (1)	American Funds IS Asset Allocation Fund (Class 4) (1)
AST MFS Growth Portfolio (1)	American Funds IS Washington Mutual Investors Fund (Class 4) (1)
AST Mid-Cap Value Portfolio (1)	American Funds IS The Bond Fund of America (Class 4) (1)
AST BlackRock Low Duration Bond Portfolio (1)	American Funds IS Capital World Growth and Income Fund (Class 4) (1)
AST QMA US Equity Alpha Portfolio (3)	American Funds IS Global Small Capitalization Fund (Class 4) (1)
AST T. Rowe Price Natural Resources Portfolio (1)	American Funds IS Growth Fund (Class 4) (1)
AST T. Rowe Price Asset Allocation Portfolio (1)	American Funds IS Growth-Income Fund (Class 4) (1)
AST MFS Global Equity Portfolio (1)	American Funds IS International Fund (Class 4) (1)
AST J.P. Morgan International Equity Portfolio (1)	American Funds IS New World Fund® (Class 4) (1)
AST Wellington Management Hedged Equity Portfolio (1)	BlackRock Advantage Large Cap Core V.I. Fund (Class III) (1)
AST Capital Growth Asset Allocation Portfolio (1)	BlackRock Advantage Large Cap Value V.I. Fund (Class III) (1)
AST Academic Strategies Asset Allocation Portfolio (1)	BlackRock Capital Appreciation V.I. Fund (Class III) (1)
AST Balanced Asset Allocation Portfolio (1)	BlackRock Equity Dividend V.I. Fund (Class III) (1)
AST Preservation Asset Allocation Portfolio (1)	BlackRock Large Cap Focus Growth V.I. Fund (Class III) (1)
AST Fidelity Institutional AM® Quantitative Portfolio (3)	Fidelity® VIP Balanced Portfolio (Service Class 2) (1)
AST Prudential Growth Allocation Portfolio (1)	Fidelity® VIP Contrafund® Portfolio (Service Class 2) (1)
AST Advanced Strategies Portfolio (1)	Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) (1)
AST T. Rowe Price Large-Cap Growth Portfolio (1)	Fidelity® VIP Health Care Portfolio (Service Class 2) (1)
AST Government Money Market Portfolio (1)	BlackRock Basic Value V.I. Fund (Class III) (1)
AST Small-Cap Growth Portfolio (1)	AST Bond Portfolio 2032 (6)
AST BlackRock/Loomis Sayles Bond Portfolio (1)	PSF Global Portfolio (Class III) (7)
AST International Value Portfolio (1)	PSF Mid-Cap Growth Portfolio (Class III) (7)
AST International Growth Portfolio (1)	PSF Natural Resources Portfolio (Class III) (7)
AST Investment Grade Bond Portfolio (1)	PSF PGIM 50/50 Balanced Portfolio (Class III) (7)
AST Western Asset Core Plus Bond Portfolio (1)	PSF PGIM Flexible Managed Portfolio (Class III) (7)
AST Cohen & Steers Global Realty Portfolio (1)	PSF PGIM Government Income Portfolio (Class III) (7)
AST Emerging Markets Equity Portfolio (1)	PSF PGIM High Yield Bond Portfolio (Class III) (7)
AST Goldman Sachs Small-Cap Value Portfolio (1)	PSF PGIM Jennison Blend Portfolio (Class III) (7)
AST AllianzGI World Trends Portfolio (1)	PSF PGIM Jennison Focused Blend Portfolio (Class III) (7)
AST J.P. Morgan Global Thematic Portfolio (1)	PSF PGIM Jennison Growth Portfolio (Class III) (7)
AST Goldman Sachs Multi-Asset Portfolio (2)	PSF PGIM Jennison Value Portfolio (Class III) (7)
ProFund VP Consumer Services (1)	PSF PGIM Total Return Bond Portfolio (Class III) (7)
ProFund VP Consumer Goods (1)	PSF Small-Cap Stock Index Portfolio (Class III) (7)
ProFund VP Financials (1)	PSF Stock Index Portfolio (Class III) (7)
ProFund VP Health Care (1)	MFS® Investors Trust Series (Service Shares) (8)
ProFund VP Industrials (1)	MFS® International Intrinsic Value Portfolio (Initial Class) (8)
ProFund VP Mid-Cap Growth (1)	MFS® Mid Cap Growth Series (Initial Class) (8)
ProFund VP Mid-Cap Value (1)	Western Asset Core Plus VIT Portfolio (Class I) (8)
ProFund VP Real Estate (1)	ClearBridge Variable Small Cap Growth Portfolio (Class I) (8)

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ProFund VP Small-Cap Growth (1)	ClearBridge Variable Large Cap Growth Portfolio (Class I) (8)
ProFund VP Small-Cap Value (1)	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) (8)
ProFund VP Telecommunications (1)	Fidelity® VIP Mid Cap Portfolio (Initial Class) (8)
ProFund VP Utilities (1)	Fidelity® VIP Emerging Markets Portfolio (Initial Class) (8)
ProFund VP Large-Cap Growth (1)	DFA VA U.S. Targeted Value Portfolio (8)
ProFund VP Large-Cap Value (1)	BlackRock Large Cap Focus Growth V.I. Fund (Class I) (8)
AST Jennison Large-Cap Growth Portfolio (1)	American Funds IS U.S. Government Securities Fund (Class 1) (8)
AST Bond Portfolio 2021 (4)	American Funds IS The Bond Fund of America (Class 1) (8)
Allspring VT International Equity Fund (Class 1) (1)	Vanguard International Portfolio (8)
Allspring VT Omega Growth Fund (Class 1) (1)	Vanguard Diversified Value Portfolio (8)
AST Bond Portfolio 2022 (1)	Vanguard Total International Stock Market Index Portfolio (8)
AST Quantitative Modeling Portfolio (1)	Vanguard Mid-Cap Index Portfolio (8)
AST BlackRock Global Strategies Portfolio (1)	Vanguard Equity Index Portfolio (8)
Allspring VT Opportunity Fund (Class 1) (1)	MFS® Total Return Bond Series (Initial Class) (8)
AST Prudential Core Bond Portfolio (1)	Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) (8)
AST Bond Portfolio 2023 (1)	MFS® New Discovery Series (Initial Class) (8)
AST MFS Growth Allocation Portfolio (1)	ClearBridge Variable Dividend Strategy Portfolio (Class I) (8)
AST Western Asset Emerging Markets Debt Portfolio (1)
(1) Statement of net assets as of December 31, 2021, statement of operations for the year ended December 31, 2021 and statement of changes in net assets for the years ended December 31, 2021 and 2020. (2) Statement of net assets as of February 19, 2021 (date of merger), statement of operations for the period January 1, 2021 to February 19, 2021 and statement of changes in net assets for the period January 1, 2021 to February 19, 2021 and for the year ended December 31, 2020. (3) Statement of net assets as of October 15, 2021 (date of merger), statement of operations for the period January 1, 2021 to October 15, 2021 and statement of changes in net assets for the period January 1, 2021 to October 15, 2021 and for the year ended December 31, 2020. (4) Statement of net assets as of December 31, 2021 (date of liquidation), statement of operations for the year ended December 31, 2021 and statement of changes in net assets for the years ended December 31, 2021 and 2020. (5) Statement of net assets as of October 15, 2021 (date of liquidation), statement of operations for the period January 1, 2021 to October 15, 2021 and statement of changes in net assets for the period January 1, 2021 to October 15, 2021 and for the year ended December 31, 2020. (6) Statement of net assets as of December 31, 2021, statement of operations and statement of changes in net assets for the period January 4, 2021 (commencement of operations) to December 31, 2021. (7) Statement of net assets as of December 31, 2021, statement of operations and statement of changes in net assets for the period April 26, 2021 (commencement of operations) to December 31, 2021. (8) Statement of net assets as of December 31, 2021, statement of operations and statement of changes in net assets for the year ended December 31, 2021.

Basis for Opinions

These financial statements are the responsibility of Pruco Life Insurance Company of New Jersey management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to each of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

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We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2021 by correspondence with the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 7, 2022

We have served as the auditor of one or more of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account since 1996.

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