FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2022

	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	$	4,331,371	$	8,121,992	$	13,202,386	$	14,636,602	$	7,667,786
Net Assets	$	4,331,371	$	8,121,992	$	13,202,386	$	14,636,602	$	7,667,786
NET ASSETS, representing:
Accumulation units	$	4,331,371	$	8,121,992	$	13,202,386	$	14,636,602	$	7,667,786
	$	4,331,371	$	8,121,992	$	13,202,386	$	14,636,602	$	7,667,786
Units outstanding	3,687,619		3,122,439		2,642,184		3,162,673		1,544,237
Portfolio shares held	433,137		608,845		179,698		333,560		1,295,234
Portfolio net asset value per share	$	10.00	$	13.34	$	73.47	$	43.88	$	5.92
Investment in portfolio shares, at cost	$	4,331,371	$	7,032,190	$	5,073,526	$	6,908,705	$	6,889,503

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	60,273	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	64,319		128,145		214,046		234,030		127,959
NET INVESTMENT INCOME (LOSS)	(4,046)		(128,145)		(214,046)		(234,030)		(127,959)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		235,240		1,034,814		1,424,811		231,424
Net change in unrealized appreciation (depreciation) on investments	—		(1,807,710)		(5,803,737)		(2,885,070)		(1,358,982)
NET GAIN (LOSS) ON INVESTMENTS	—		(1,572,470)		(4,768,923)		(1,460,259)		(1,127,558)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,046)	$	(1,700,615)	$	(4,982,969)	$	(1,694,289)	$	(1,255,517)

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, 2022

	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	$	37,882,444	$	3,131,256	$	16,740,290	$	7,513,070	$	980,854
Net Assets	$	37,882,444	$	3,131,256	$	16,740,290	$	7,513,070	$	980,854
NET ASSETS, representing:
Accumulation units	$	37,882,444	$	3,131,256	$	16,740,290	$	7,513,070	$	980,854
	$	37,882,444	$	3,131,256	$	16,740,290	$	7,513,070	$	980,854
Units outstanding	4,645,727		843,402		2,721,206		781,728		487,388
Portfolio shares held	412,528		67,864		181,388		148,892		75,219
Portfolio net asset value per share	$	91.83	$	46.14	$	92.29	$	50.46	$	13.04
Investment in portfolio shares, at cost	$	25,472,293	$	1,412,719	$	5,164,900	$	4,995,447	$	1,083,570

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	7,922
EXPENSES
Charges for mortality and expense risk,
and for administration	440,573		49,569		294,703		79,984		14,525
NET INVESTMENT INCOME (LOSS)	(440,573)		(49,569)		(294,703)		(79,984)		(6,603)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		23,933
Net realized gain (loss) on shares redeemed	2,106,039		244,238		2,346,155		467,575		560
Net change in unrealized appreciation (depreciation) on investments	(11,351,975)		(1,040,279)		(13,244,208)		(2,079,763)		(230,527)
NET GAIN (LOSS) ON INVESTMENTS	(9,245,936)		(796,041)		(10,898,053)		(1,612,188)		(206,034)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(9,686,509)	$	(845,610)	$	(11,192,756)	$	(1,692,172)	$	(212,637)

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, 2022

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Portfolio 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	$	5,039,479	$	5,421,985	$	3,527,299	$	3,649,906	$	1,130,806
Net Assets	$	5,039,479	$	5,421,985	$	3,527,299	$	3,649,906	$	1,130,806
NET ASSETS, representing:
Accumulation units	$	5,039,479	$	5,421,985	$	3,527,299	$	3,649,906	$	1,130,806
	$	5,039,479	$	5,421,985	$	3,527,299	$	3,649,906	$	1,130,806
Units outstanding	954,096		1,404,247		774,724		845,016		229,017
Portfolio shares held	186,578		220,855		111,694		94,754		40,764
Portfolio net asset value per share	$	27.01	$	24.55	$	31.58	$	38.52	$	27.74
Investment in portfolio shares, at cost	$	4,478,390	$	6,160,421	$	3,517,812	$	3,090,775	$	997,192

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Portfolio 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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	99,806	$	54,868	$	29,501	$	66,634	$	6,182
EXPENSES
Charges for mortality and expense risk,
and for administration	75,173		84,846		58,194		53,728		17,478
NET INVESTMENT INCOME (LOSS)	24,633		(29,978)		(28,693)		12,906		(11,296)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	260,877		932,457		729,873		—		161,355
Net realized gain (loss) on shares redeemed	145,576		86,746		85,953		86,606		30,270
Net change in unrealized appreciation (depreciation) on investments	(700,840)		(2,588,958)		(2,486,441)		(557,237)		(457,371)
NET GAIN (LOSS) ON INVESTMENTS	(294,387)		(1,569,755)		(1,670,615)		(470,631)		(265,746)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(269,754)	$	(1,599,733)	$	(1,699,308)	$	(457,725)	$	(277,042)

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, 2022

	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	$	5,238,515	$	1,634,470	$	1,522,243	$	2,303,589	$	700,680
Net Assets	$	5,238,515	$	1,634,470	$	1,522,243	$	2,303,589	$	700,680
NET ASSETS, representing:
Accumulation units	$	5,238,515	$	1,634,470	$	1,522,243	$	2,303,589	$	700,680
	$	5,238,515	$	1,634,470	$	1,522,243	$	2,303,589	$	700,680
Units outstanding	921,613		306,995		355,175		537,575		296,120
Portfolio shares held	109,090		131,283		144,838		53,299		132,705
Portfolio net asset value per share	$	48.02	$	12.45	$	10.51	$	43.22	$	5.28
Investment in portfolio shares, at cost	$	4,681,382	$	1,097,183	$	2,390,963	$	770,756	$	1,116,993

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	35,385	$	—	$	—	$	9,862
EXPENSES
Charges for mortality and expense risk,
and for administration	84,847		23,942		24,740		38,274		11,482
NET INVESTMENT INCOME (LOSS)	(84,847)		11,443		(24,740)		(38,274)		(1,620)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	697,736		142,455		467,422		—		173,573
Net realized gain (loss) on shares redeemed	197,564		95,889		(75,696)		318,290		(40,688)
Net change in unrealized appreciation (depreciation) on investments	(3,459,547)		(265,870)		(1,212,620)		(1,221,538)		(343,783)
NET GAIN (LOSS) ON INVESTMENTS	(2,564,247)		(27,526)		(820,894)		(903,248)		(210,898)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(2,649,094)	$	(16,083)	$	(845,634)	$	(941,522)	$	(212,518)

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, 2022

	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	$	356,573	$	5,096,433	$	433,302	$	4,996,033	$	1,284,931
Net Assets	$	356,573	$	5,096,433	$	433,302	$	4,996,033	$	1,284,931
NET ASSETS, representing:
Accumulation units	$	356,573	$	5,096,433	$	433,302	$	4,996,033	$	1,284,931
	$	356,573	$	5,096,433	$	433,302	$	4,996,033	$	1,284,931
Units outstanding	151,486		1,347,592		149,170		984,751		575,412
Portfolio shares held	6,671		166,333		14,362		223,237		131,115
Portfolio net asset value per share	$	53.45	$	30.64	$	30.17	$	22.38	$	9.80
Investment in portfolio shares, at cost	$	329,837	$	2,471,660	$	433,475	$	2,051,410	$	905,471

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	2,802	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	6,942		87,476		7,618		89,960		21,727
NET INVESTMENT INCOME (LOSS)	(6,942)		(87,476)		(4,816)		(89,960)		(21,727)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	67,270		—		88,683		—		—
Net realized gain (loss) on shares redeemed	13,149		413,828		3,858		670,583		54,666
Net change in unrealized appreciation (depreciation) on investments	(272,463)		(1,379,589)		(284,626)		(2,695,878)		(597,383)
NET GAIN (LOSS) ON INVESTMENTS	(192,044)		(965,761)		(192,085)		(2,025,295)		(542,717)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(198,986)	$	(1,053,237)	$	(196,901)	$	(2,115,255)	$	(564,444)

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, 2022

	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	$	20,918,875	$	214,523,029	$	—	$	24,966,318	$	—
Net Assets	$	20,918,875	$	214,523,029	$	—	$	24,966,318	$	—
NET ASSETS, representing:
Accumulation units	$	20,918,875	$	214,523,029	$	—	$	24,966,318	$	—
	$	20,918,875	$	214,523,029	$	—	$	24,966,318	$	—
Units outstanding	957,793		15,269,733		—		1,727,686		—
Portfolio shares held	1,396,454		10,186,279		—		2,271,730		—
Portfolio net asset value per share	$	14.98	$	21.06	$	—	$	10.99	$	—
Investment in portfolio shares, at cost	$	19,335,414	$	215,161,978	$	—	$	23,317,426	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		2/11/2022**		12/31/2022		9/9/2022**
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	277,661		4,010,666		128,694		296,674		148,809
NET INVESTMENT INCOME (LOSS)	(277,661)		(4,010,666)		(128,694)		(296,674)		(148,809)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	2,565,095		1,822,935		27,957,683		958,112		1,224,897
Net change in unrealized appreciation (depreciation) on investments	(10,888,908)		(58,686,481)		(27,271,187)		(4,758,886)		(6,868,159)
NET GAIN (LOSS) ON INVESTMENTS	(8,323,813)		(56,863,546)		686,496		(3,800,774)		(5,643,262)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(8,601,474)	$	(60,874,212)	$	557,802	$	(4,097,448)	$	(5,792,071)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	SUBACCOUNTS
	AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio**		AST MFS Growth Portfolio**
ASSETS
Investment in the portfolios, at fair value	$	34,396,279	$	44,927,614	$	122,986,276	$	—	$	—
Net Assets	$	34,396,279	$	44,927,614	$	122,986,276	$	—	$	—
NET ASSETS, representing:
Accumulation units	$	34,396,279	$	44,927,614	$	122,986,276	$	—	$	—
	$	34,396,279	$	44,927,614	$	122,986,276	$	—	$	—
Units outstanding	1,554,369		1,937,426		4,833,879		—		—
Portfolio shares held	1,032,611		3,719,173		2,821,433		—		—
Portfolio net asset value per share	$	33.31	$	12.08	$	43.59	$	—	$	—
Investment in portfolio shares, at cost	$	33,247,547	$	40,834,731	$	114,195,532	$	—	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio		AST MFS Growth Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		6/10/2022**		6/10/2022**
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	322,709		663,451		1,438,602		306,807		132,398
NET INVESTMENT INCOME (LOSS)	(322,709)		(663,451)		(1,438,602)		(306,807)		(132,398)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	752,937		2,461,914		2,328,130		12,038,586		4,037,449
Net change in unrealized appreciation (depreciation) on investments	(3,829,837)		(25,601,940)		(6,933,272)		(28,991,970)		(12,872,139)
NET GAIN (LOSS) ON INVESTMENTS	(3,076,900)		(23,140,026)		(4,605,142)		(16,953,384)		(8,834,690)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(3,399,609)	$	(23,803,477)	$	(6,043,744)	$	(17,260,191)	$	(8,967,088)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	SUBACCOUNTS
	AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio**		AST T. Rowe Price Natural Resources Portfolio		AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio
ASSETS
Investment in the portfolios, at fair value	$	33,445,123	$	—	$	18,439,847	$	1,093,319,280	$	26,187,855
Net Assets	$	33,445,123	$	—	$	18,439,847	$	1,093,319,280	$	26,187,855
NET ASSETS, representing:
Accumulation units	$	33,445,123	$	—	$	18,439,847	$	1,093,319,280	$	26,187,855
	$	33,445,123	$	—	$	18,439,847	$	1,093,319,280	$	26,187,855
Units outstanding	1,393,764		—		1,412,691		59,956,208		1,149,216
Portfolio shares held	782,708		—		637,616		30,832,467		991,964
Portfolio net asset value per share	$	42.73	$	—	$	28.92	$	35.46	$	26.40
Investment in portfolio shares, at cost	$	25,864,532	$	—	$	14,965,664	$	944,253,121	$	20,444,526

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST T. Rowe Price Natural Resources Portfolio		AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	468,197		32,931		299,827		18,236,438		358,420
NET INVESTMENT INCOME (LOSS)	(468,197)		(32,931)		(299,827)		(18,236,438)		(358,420)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,619,710		398,532		4,442,713		63,755,454		2,205,332
Net change in unrealized appreciation (depreciation) on investments	(8,388,955)		(824,635)		(3,611,981)		(324,531,219)		(9,232,282)
NET GAIN (LOSS) ON INVESTMENTS	(3,769,245)		(426,103)		830,732		(260,775,765)		(7,026,950)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,237,442)	$	(459,034)	$	530,905	$	(279,012,203)	$	(7,385,370)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	SUBACCOUNTS
	AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio		AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	16,665,933	$	112,355,302	$	581,842,361	$	150,353,482	$	794,827,196
Net Assets	$	16,665,933	$	112,355,302	$	581,842,361	$	150,353,482	$	794,827,196
NET ASSETS, representing:
Accumulation units	$	16,665,933	$	112,355,302	$	581,842,361	$	150,353,482	$	794,827,196
	$	16,665,933	$	112,355,302	$	581,842,361	$	150,353,482	$	794,827,196
Units outstanding	1,184,453		6,970,343		29,500,753		11,134,684		45,250,233
Portfolio shares held	515,016		5,845,749		24,253,537		9,195,932		36,746,519
Portfolio net asset value per share	$	32.36	$	19.22	$	23.99	$	16.35	$	21.63
Investment in portfolio shares, at cost	$	15,086,717	$	92,260,779	$	435,897,469	$	131,407,243	$	669,008,944

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio		AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	290,516		1,853,094		10,083,281		3,014,964		9,307,310
NET INVESTMENT INCOME (LOSS)	(290,516)		(1,853,094)		(10,083,281)		(3,014,964)		(9,307,310)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	838,082		9,622,710		57,248,082		16,699,761		50,204,210
Net change in unrealized appreciation (depreciation) on investments	(7,094,285)		(22,709,953)		(200,441,579)		(49,433,262)		(184,238,593)
NET GAIN (LOSS) ON INVESTMENTS	(6,256,203)		(13,087,243)		(143,193,497)		(32,733,501)		(134,034,383)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(6,546,719)	$	(14,940,337)	$	(153,276,778)	$	(35,748,465)	$	(143,341,693)

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, 2022

	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio		AST Prudential Growth Allocation Portfolio		AST Advanced Strategies Portfolio		AST Large-Cap Growth Portfolio		AST Government Money Market Portfolio
ASSETS
Investment in the portfolios, at fair value	$	273,555,817	$	708,499,994	$	447,361,582	$	167,757,159	$	64,680,088
Net Assets	$	273,555,817	$	708,499,994	$	447,361,582	$	167,757,159	$	64,680,088
NET ASSETS, representing:
Accumulation units	$	273,555,817	$	708,499,994	$	447,361,582	$	167,757,159	$	64,680,088
	$	273,555,817	$	708,499,994	$	447,361,582	$	167,757,159	$	64,680,088
Units outstanding	19,280,495		40,680,665		24,254,915		5,691,202		6,936,699
Portfolio shares held	15,490,137		38,421,909		19,690,210		3,323,899		64,680,088
Portfolio net asset value per share	$	17.66	$	18.44	$	22.72	$	50.47	$	1.00
Investment in portfolio shares, at cost	$	247,883,697	$	624,230,432	$	345,221,354	$	164,020,402	$	64,680,088

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio		AST Prudential Growth Allocation Portfolio		AST Advanced Strategies Portfolio		AST Large-Cap Growth Portfolio		AST Government Money Market Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	805,692
EXPENSES
Charges for mortality and expense risk,
and for administration	5,031,682		12,351,750		7,497,516		1,751,726		625,534
NET INVESTMENT INCOME (LOSS)	(5,031,682)		(12,351,750)		(7,497,516)		(1,751,726)		180,158
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	26,924,122		68,151,920		43,937,940		5,999,975		—
Net change in unrealized appreciation (depreciation) on investments	(97,556,525)		(275,840,288)		(151,417,202)		(56,553,733)		—
NET GAIN (LOSS) ON INVESTMENTS	(70,632,403)		(207,688,368)		(107,479,262)		(50,553,758)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(75,664,085)	$	(220,040,118)	$	(114,976,778)	$	(52,305,484)	$	180,158

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, 2022

	SUBACCOUNTS
	AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio**		AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	34,937,402	$	—	$	11,033,254	$	19,424,729	$	990,545,919
Net Assets	$	34,937,402	$	—	$	11,033,254	$	19,424,729	$	990,545,919
NET ASSETS, representing:
Accumulation units	$	34,937,402	$	—	$	11,033,254	$	19,424,729	$	990,545,919
	$	34,937,402	$	—	$	11,033,254	$	19,424,729	$	990,545,919
Units outstanding	1,363,900		—		917,437		1,152,132		79,260,281
Portfolio shares held	586,198		—		534,557		898,046		121,241,851
Portfolio net asset value per share	$	59.60	$	—	$	20.64	$	21.63	$	8.17
Investment in portfolio shares, at cost	$	33,582,614	$	—	$	10,219,426	$	17,490,897	$	993,218,619

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio		AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	360,570		301,498		131,665		241,348		7,971,447
NET INVESTMENT INCOME (LOSS)	(360,570)		(301,498)		(131,665)		(241,348)		(7,971,447)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	850,808		10,458,196		318,307		396,904		(7,325,759)
Net change in unrealized appreciation (depreciation) on investments	(11,649,375)		(16,929,045)		(1,785,938)		(9,284,194)		(3,613,153)
NET GAIN (LOSS) ON INVESTMENTS	(10,798,567)		(6,470,849)		(1,467,631)		(8,887,290)		(10,938,912)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(11,159,137)	$	(6,772,347)	$	(1,599,296)	$	(9,128,638)	$	(18,910,359)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	SUBACCOUNTS
	AST Core Fixed Income Portfolio		AST Cohen & Steers Global Realty Portfolio		AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio**		AST Moderate Multi-Asset Portfolio**
ASSETS
Investment in the portfolios, at fair value	$	258,910,085	$	6,010,391	$	17,967,587	$	—	$	—
Net Assets	$	258,910,085	$	6,010,391	$	17,967,587	$	—	$	—
NET ASSETS, representing:
Accumulation units	$	258,910,085	$	6,010,391	$	17,967,587	$	—	$	—
	$	258,910,085	$	6,010,391	$	17,967,587	$	—	$	—
Units outstanding	22,452,131		393,140		2,121,936		—		—
Portfolio shares held	20,812,708		438,075		2,234,775		—		—
Portfolio net asset value per share	$	12.44	$	13.72	$	8.04	$	—	$	—
Investment in portfolio shares, at cost	$	285,468,220	$	5,767,350	$	18,739,960	$	—	$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Core Fixed Income Portfolio		AST Cohen & Steers Global Realty Portfolio		AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST Moderate Multi-Asset Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		6/10/2022**		12/2/2022**
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	3,454,208		91,469		285,728		182,690		4,220,651
NET INVESTMENT INCOME (LOSS)	(3,454,208)		(91,469)		(285,728)		(182,690)		(4,220,651)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(11,209,409)		684,152		66,755		9,963,480		76,486,599
Net change in unrealized appreciation (depreciation) on investments	(38,720,092)		(3,062,513)		(6,287,384)		(14,181,033)		(138,681,605)
NET GAIN (LOSS) ON INVESTMENTS	(49,929,501)		(2,378,361)		(6,220,629)		(4,217,553)		(62,195,006)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(53,383,709)	$	(2,469,830)	$	(6,506,357)	$	(4,400,243)	$	(66,415,657)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	SUBACCOUNTS
	AST J.P. Morgan Global Thematic Portfolio		ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care
ASSETS
Investment in the portfolios, at fair value	$	159,934,396	$	460,157	$	64,101	$	262,678	$	361,741
Net Assets	$	159,934,396	$	460,157	$	64,101	$	262,678	$	361,741
NET ASSETS, representing:
Accumulation units	$	159,934,396	$	460,157	$	64,101	$	262,678	$	361,741
	$	159,934,396	$	460,157	$	64,101	$	262,678	$	361,741
Units outstanding	9,552,841		16,086		2,717		17,651		9,672
Portfolio shares held	8,408,748		8,785		1,276		6,220		4,859
Portfolio net asset value per share	$	19.02	$	52.38	$	50.22	$	42.23	$	74.44
Investment in portfolio shares, at cost	$	133,761,200	$	598,528	$	65,650	$	192,355	$	322,177

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST J.P. Morgan Global Thematic Portfolio		ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	36	$	260	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	2,711,719		7,515		1,107		4,313		5,548
NET INVESTMENT INCOME (LOSS)	(2,711,719)		(7,515)		(1,071)		(4,053)		(5,548)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		5,493		2,811		3,401		22,540
Net realized gain (loss) on shares redeemed	14,993,200		(13,782)		4,554		17,820		12,313
Net change in unrealized appreciation (depreciation) on investments	(56,115,818)		(190,421)		(30,340)		(73,667)		(68,937)
NET GAIN (LOSS) ON INVESTMENTS	(41,122,618)		(198,710)		(22,975)		(52,446)		(34,084)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(43,834,337)	$	(206,225)	$	(24,046)	$	(56,499)	$	(39,632)

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, 2022

	SUBACCOUNTS
	ProFund VP Industrials		ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth
ASSETS
Investment in the portfolios, at fair value	$	335,263	$	84,539	$	196,828	$	136,073	$	68,255
Net Assets	$	335,263	$	84,539	$	196,828	$	136,073	$	68,255
NET ASSETS, representing:
Accumulation units	$	335,263	$	84,539	$	196,828	$	136,073	$	68,255
	$	335,263	$	84,539	$	196,828	$	136,073	$	68,255
Units outstanding	14,638		3,706		8,924		9,585		2,810
Portfolio shares held	4,038		2,663		4,982		2,509		2,545
Portfolio net asset value per share	$	83.02	$	31.75	$	39.51	$	54.23	$	26.82
Investment in portfolio shares, at cost	$	302,204	$	101,343	$	184,985	$	140,674	$	83,727

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	ProFund VP Industrials		ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	319	$	1,116	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	5,525		1,606		3,382		2,220		1,247
NET INVESTMENT INCOME (LOSS)	(5,525)		(1,606)		(3,063)		(1,104)		(1,247)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	5,730		22,878		32,175		9,207		12,987
Net realized gain (loss) on shares redeemed	9,614		(10,196)		7,791		6,862		(4,886)
Net change in unrealized appreciation (depreciation) on investments	(90,015)		(41,791)		(63,509)		(64,439)		(31,950)
NET GAIN (LOSS) ON INVESTMENTS	(74,671)		(29,109)		(23,543)		(48,370)		(23,849)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(80,196)	$	(30,715)	$	(26,606)	$	(49,474)	$	(25,096)

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, 2022

	SUBACCOUNTS
	ProFund VP Small-Cap Value		ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value
ASSETS
Investment in the portfolios, at fair value	$	164,991	$	21,065	$	177,401	$	177,104	$	176,049
Net Assets	$	164,991	$	21,065	$	177,401	$	177,104	$	176,049
NET ASSETS, representing:
Accumulation units	$	164,991	$	21,065	$	177,401	$	177,104	$	176,049
	$	164,991	$	21,065	$	177,401	$	177,104	$	176,049
Units outstanding	7,654		1,894		9,075		6,339		9,473
Portfolio shares held	4,142		721		4,275		3,717		3,903
Portfolio net asset value per share	$	39.83	$	29.20	$	41.50	$	47.65	$	45.11
Investment in portfolio shares, at cost	$	170,604	$	21,970	$	176,307	$	218,206	$	158,774

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	ProFund VP Small-Cap Value		ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	420	$	1,663	$	—	$	1,020
EXPENSES
Charges for mortality and expense risk,
and for administration	2,863		336		2,679		3,295		3,136
NET INVESTMENT INCOME (LOSS)	(2,863)		84		(1,016)		(3,295)		(2,116)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	31,989		—		1,814		42,810		2,832
Net realized gain (loss) on shares redeemed	3,244		(207)		207		(9,209)		8,517
Net change in unrealized appreciation (depreciation) on investments	(62,691)		(6,094)		(4,113)		(120,567)		(31,220)
NET GAIN (LOSS) ON INVESTMENTS	(27,458)		(6,301)		(2,092)		(86,966)		(19,871)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(30,321)	$	(6,217)	$	(3,108)	$	(90,261)	$	(21,987)

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, 2022

	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio**		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	$	—	$	15,517	$	283,080	$	1,018	$	73,739,987
Net Assets	$	—	$	15,517	$	283,080	$	1,018	$	73,739,987
NET ASSETS, representing:
Accumulation units	$	—	$	15,517	$	283,080	$	1,018	$	73,739,987
	$	—	$	15,517	$	283,080	$	1,018	$	73,739,987
Units outstanding	—		935		53,542		86		5,052,491
Portfolio shares held	—		9,348		13,557		68		3,724,242
Portfolio net asset value per share	$	—	$	1.66	$	20.88	$	14.86	$	19.80
Investment in portfolio shares, at cost	$	—	$	23,983	$	344,806	$	1,018	$	64,035,960

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	6/10/2022**		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	663	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	199,599		276		6,536		88,993		511,141
NET INVESTMENT INCOME (LOSS)	(199,599)		387		(6,536)		(88,993)		(511,141)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		84,774		—		—
Net realized gain (loss) on shares redeemed	3,475,106		(654)		17,877		(41,056)		2,372,941
Net change in unrealized appreciation (depreciation) on investments	(20,604,972)		(2,093)		(314,291)		(57,893)		(20,019,790)
NET GAIN (LOSS) ON INVESTMENTS	(17,129,866)		(2,747)		(211,640)		(98,949)		(17,646,849)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(17,329,465)	$	(2,360)	$	(218,176)	$	(187,942)	$	(18,157,990)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	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	$	97,231,251	$	82,048	$	—	$	8,661,110	$	53,537,701
Net Assets	$	97,231,251	$	82,048	$	—	$	8,661,110	$	53,537,701
NET ASSETS, representing:
Accumulation units	$	97,231,251	$	82,048	$	—	$	8,661,110	$	53,537,701
	$	97,231,251	$	82,048	$	—	$	8,661,110	$	53,537,701
Units outstanding	7,639,131		2,823		—		885,370		3,526,092
Portfolio shares held	6,409,443		3,689		—		707,607		2,966,078
Portfolio net asset value per share	$	15.17	$	22.24	$	—	$	12.24	$	18.05
Investment in portfolio shares, at cost	$	86,409,566	$	79,080	$	—	$	8,640,028	$	48,648,442

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		2/11/2022**		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	1,733,878		1,726		48,074		99,290		955,416
NET INVESTMENT INCOME (LOSS)	(1,733,878)		(1,726)		(48,074)		(99,290)		(955,416)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		19,298		—		—		—
Net realized gain (loss) on shares redeemed	7,689,346		8,711		1,625,297		14,075		6,363,569
Net change in unrealized appreciation (depreciation) on investments	(33,828,596)		(55,347)		(3,155,874)		(85,403)		(23,380,117)
NET GAIN (LOSS) ON INVESTMENTS	(26,139,250)		(27,338)		(1,530,577)		(71,328)		(17,016,548)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(27,873,128)	$	(29,064)	$	(1,578,651)	$	(170,618)	$	(17,971,964)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	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	$	1,332,431	$	—	$	155,443	$	18,043,436	$	1,591,824,704
Net Assets	$	1,332,431	$	—	$	155,443	$	18,043,436	$	1,591,824,704
NET ASSETS, representing:
Accumulation units	$	1,332,431	$	—	$	155,443	$	18,043,436	$	1,591,824,704
	$	1,332,431	$	—	$	155,443	$	18,043,436	$	1,591,824,704
Units outstanding	141,512		—		16,373		838,487		157,087,770
Portfolio shares held	124,876		—		13,447		669,515		130,051,038
Portfolio net asset value per share	$	10.67	$	—	$	11.56	$	26.95	$	12.24
Investment in portfolio shares, at cost	$	1,471,618	$	—	$	158,025	$	14,634,354	$	1,496,166,130

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	9,568		34,281		2,211		232,223		34,356,519
NET INVESTMENT INCOME (LOSS)	(9,568)		(34,281)		(2,211)		(232,223)		(34,356,519)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(30,815)		6,995,539		(1,913)		2,065,379		21,537,606
Net change in unrealized appreciation (depreciation) on investments	(262,253)		(8,459,486)		(2,582)		(3,970,320)		(482,282,464)
NET GAIN (LOSS) ON INVESTMENTS	(293,068)		(1,463,947)		(4,495)		(1,904,941)		(460,744,858)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(302,636)	$	(1,498,228)	$	(6,706)	$	(2,137,164)	$	(495,101,377)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

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, 2022

	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	$	29,275,730	$	317,059	$	147,815,072	$	13,914,541	$	17,975,583
Net Assets	$	29,275,730	$	317,059	$	147,815,072	$	13,914,541	$	17,975,583
NET ASSETS, representing:
Accumulation units	$	29,275,730	$	317,059	$	147,815,072	$	13,914,541	$	17,975,583
	$	29,275,730	$	317,059	$	147,815,072	$	13,914,541	$	17,975,583
Units outstanding	1,375,471		29,744		9,843,966		943,614		1,384,743
Portfolio shares held	1,148,068		24,296		8,639,104		847,931		1,224,495
Portfolio net asset value per share	$	25.50	$	13.05	$	17.11	$	16.41	$	14.68
Investment in portfolio shares, at cost	$	31,743,087	$	323,725	$	133,828,631	$	10,968,461	$	15,692,440

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	361,334		5,474		3,102,701		93,946		120,507
NET INVESTMENT INCOME (LOSS)	(361,334)		(5,474)		(3,102,701)		(93,946)		(120,507)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(788,405)		(8,135)		31,132,498		694,913		467,267
Net change in unrealized appreciation (depreciation) on investments	(6,296,790)		(5,150)		(89,858,914)		(3,637,508)		(4,456,070)
NET GAIN (LOSS) ON INVESTMENTS	(7,085,195)		(13,285)		(58,726,416)		(2,942,595)		(3,988,803)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(7,446,529)	$	(18,759)	$	(61,829,117)	$	(3,036,541)	$	(4,109,310)

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, 2022

	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	$	33,569,642	$	733,426	$	18,258,625	$	1,564,070	$	7,249,757
Net Assets	$	33,569,642	$	733,426	$	18,258,625	$	1,564,070	$	7,249,757
NET ASSETS, representing:
Accumulation units	$	33,569,642	$	733,426	$	18,258,625	$	1,564,070	$	7,249,757
	$	33,569,642	$	733,426	$	18,258,625	$	1,564,070	$	7,249,757
Units outstanding	2,688,225		79,419		1,993,118		138,596		574,240
Portfolio shares held	2,384,208		66,980		1,712,817		121,058		610,763
Portfolio net asset value per share	$	14.08	$	10.95	$	10.66	$	12.92	$	11.87
Investment in portfolio shares, at cost	$	30,785,645	$	720,231	$	20,457,402	$	1,525,130	$	8,800,741

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	673,201		21,562		198,736		10,159		46,487
NET INVESTMENT INCOME (LOSS)	(673,201)		(21,562)		(198,736)		(10,159)		(46,487)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		128,120
Net realized gain (loss) on shares redeemed	4,626,643		(86,006)		(707,616)		5,451		(207,279)
Net change in unrealized appreciation (depreciation) on investments	(18,117,519)		(46,201)		(2,163,113)		(299,358)		(1,385,496)
NET GAIN (LOSS) ON INVESTMENTS	(13,490,876)		(132,207)		(2,870,729)		(293,907)		(1,464,655)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(14,164,077)	$	(153,769)	$	(3,069,465)	$	(304,066)	$	(1,511,142)

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, 2022

	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	$	3,032,539	$	1,412,367	$	252,538	$	5,483,763	$	52,731
Net Assets	$	3,032,539	$	1,412,367	$	252,538	$	5,483,763	$	52,731
NET ASSETS, representing:
Accumulation units	$	3,032,539	$	1,412,367	$	252,538	$	5,483,763	$	52,731
	$	3,032,539	$	1,412,367	$	252,538	$	5,483,763	$	52,731
Units outstanding	266,841		154,712		25,678		589,096		5,630
Portfolio shares held	312,311		134,255		25,004		521,270		5,115
Portfolio net asset value per share	$	9.71	$	10.52	$	10.10	$	10.52	$	10.31
Investment in portfolio shares, at cost	$	3,312,081	$	1,543,128	$	288,838	$	6,333,645	$	52,808

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	118,188	$	—	$	467	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	18,852		31,829		4,477		118,301		442
NET INVESTMENT INCOME (LOSS)	99,336		(31,829)		(4,010)		(118,301)		(442)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	95,929		—		—		—		—
Net realized gain (loss) on shares redeemed	(13,729)		(76,611)		(3,920)		(71,964)		198
Net change in unrealized appreciation (depreciation) on investments	(645,218)		(130,150)		(82,067)		(807,977)		(77)
NET GAIN (LOSS) ON INVESTMENTS	(563,018)		(206,761)		(85,987)		(879,941)		121
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(463,682)	$	(238,590)	$	(89,997)	$	(998,242)	$	(321)

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, 2022

	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 Bond Portfolio 2031
ASSETS
Investment in the portfolios, at fair value	$	36,800,521	$	2,815,720	$	18,965,733	$	14,247,042	$	12,187,236
Net Assets	$	36,800,521	$	2,815,720	$	18,965,733	$	14,247,042	$	12,187,236
NET ASSETS, representing:
Accumulation units	$	36,800,521	$	2,815,720	$	18,965,733	$	14,247,042	$	12,187,236
	$	36,800,521	$	2,815,720	$	18,965,733	$	14,247,042	$	12,187,236
Units outstanding	2,970,964		292,680		1,405,595		1,160,484		1,477,722
Portfolio shares held	2,781,596		270,742		1,326,275		1,094,243		1,391,237
Portfolio net asset value per share	$	13.23	$	10.40	$	14.30	$	13.02	$	8.76
Investment in portfolio shares, at cost	$	35,360,828	$	3,300,084	$	18,181,129	$	13,526,889	$	14,727,080

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	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 Bond Portfolio 2031
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	947,412		58,270		468,500		320,884		282,685
NET INVESTMENT INCOME (LOSS)	(947,412)		(58,270)		(468,500)		(320,884)		(282,685)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	12,178,569		(56,283)		5,854,559		2,268,804		(481,402)
Net change in unrealized appreciation (depreciation) on investments	(34,037,868)		(520,630)		(14,469,666)		(7,411,627)		(2,449,824)
NET GAIN (LOSS) ON INVESTMENTS	(21,859,299)		(576,913)		(8,615,107)		(5,142,823)		(2,931,226)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(22,806,711)	$	(635,183)	$	(9,083,607)	$	(5,463,707)	$	(3,213,911)

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, 2022

	SUBACCOUNTS
	MFS® International Growth Portfolio (Service Class)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)		MFS® Technology Portfolio (Service Class)		MFS® Mid Cap Growth Series (Service Class)		MFS® New Discovery Series (Service Class)
ASSETS
Investment in the portfolios, at fair value	$	619,654	$	271,259	$	3,382,728	$	937,890	$	301,622
Net Assets	$	619,654	$	271,259	$	3,382,728	$	937,890	$	301,622
NET ASSETS, representing:
Accumulation units	$	619,654	$	271,259	$	3,382,728	$	937,890	$	301,622
	$	619,654	$	271,259	$	3,382,728	$	937,890	$	301,622
Units outstanding	50,232		20,012		321,594		79,070		25,605
Portfolio shares held	47,122		14,383		185,762		150,544		34,120
Portfolio net asset value per share	$	13.15	$	18.86	$	18.21	$	6.23	$	8.84
Investment in portfolio shares, at cost	$	725,718	$	303,672	$	4,917,666	$	1,380,466	$	590,119

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	MFS® International Growth Portfolio (Service Class)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)		MFS® Technology Portfolio (Service Class)		MFS® Mid Cap Growth Series (Service Class)		MFS® New Discovery Series (Service Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	2,129	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	2,803		1,076		18,686		4,895		1,818
NET INVESTMENT INCOME (LOSS)	(674)		(1,076)		(18,686)		(4,895)		(1,818)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	31,841		30,422		338,125		142,118		120,391
Net realized gain (loss) on shares redeemed	(9,621)		(16,893)		(137,995)		(73,669)		(28,425)
Net change in unrealized appreciation (depreciation) on investments	(118,338)		(45,418)		(1,724,053)		(408,357)		(232,610)
NET GAIN (LOSS) ON INVESTMENTS	(96,118)		(31,889)		(1,523,923)		(339,908)		(140,644)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(96,792)	$	(32,965)	$	(1,542,609)	$	(344,803)	$	(142,462)

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, 2022

	SUBACCOUNTS
	MFS® Research Series (Service Class)		MFS® Total Return Bond Series (Service Class)		MFS® Total Return Series (Service Class)		MFS® Utilities Series (Service Class)		American Funds IS Asset Allocation Fund (Class 4)
ASSETS
Investment in the portfolios, at fair value	$	117,355	$	4,198,410	$	1,478,741	$	2,987,313	$	3,441,664
Net Assets	$	117,355	$	4,198,410	$	1,478,741	$	2,987,313	$	3,441,664
NET ASSETS, representing:
Accumulation units	$	117,355	$	4,198,410	$	1,478,741	$	2,987,313	$	3,441,664
	$	117,355	$	4,198,410	$	1,478,741	$	2,987,313	$	3,441,664
Units outstanding	8,884		465,637		121,435		217,250		322,719
Portfolio shares held	4,315		380,291		67,369		83,984		158,310
Portfolio net asset value per share	$	27.20	$	11.04	$	21.95	$	35.57	$	21.74
Investment in portfolio shares, at cost	$	132,699	$	4,901,759	$	1,663,049	$	2,962,858	$	4,078,970

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	MFS® Research Series (Service Class)		MFS® Total Return Bond Series (Service Class)		MFS® Total Return Series (Service Class)		MFS® Utilities Series (Service Class)		American Funds IS Asset Allocation Fund (Class 4)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	244	$	99,800	$	21,262	$	60,820	$	58,680
EXPENSES
Charges for mortality and expense risk,
and for administration	658		20,454		7,123		13,611		18,061
NET INVESTMENT INCOME (LOSS)	(414)		79,346		14,139		47,209		40,619
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	16,202		47,243		126,448		106,936		337,683
Net realized gain (loss) on shares redeemed	1,028		(58,045)		(7,203)		17,655		(42,152)
Net change in unrealized appreciation (depreciation) on investments	(42,778)		(643,043)		(252,478)		(136,800)		(802,268)
NET GAIN (LOSS) ON INVESTMENTS	(25,548)		(653,845)		(133,233)		(12,209)		(506,737)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(25,962)	$	(574,499)	$	(119,094)	$	35,000	$	(466,118)

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, 2022

	SUBACCOUNTS
	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)		American Funds IS Growth Fund (Class 4)
ASSETS
Investment in the portfolios, at fair value	$	2,083,112	$	4,147,402	$	789,984	$	204,186	$	4,576,723
Net Assets	$	2,083,112	$	4,147,402	$	789,984	$	204,186	$	4,576,723
NET ASSETS, representing:
Accumulation units	$	2,083,112	$	4,147,402	$	789,984	$	204,186	$	4,576,723
	$	2,083,112	$	4,147,402	$	789,984	$	204,186	$	4,576,723
Units outstanding	162,734		477,176		74,549		22,132		444,694
Portfolio shares held	168,810		449,339		69,602		13,363		62,150
Portfolio net asset value per share	$	12.34	$	9.23	$	11.35	$	15.28	$	73.64
Investment in portfolio shares, at cost	$	2,478,412	$	4,631,760	$	1,027,130	$	347,244	$	6,481,986

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		American Funds IS Growth Fund (Class 4)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	36,749	$	110,717	$	17,776	$	—	$	5,144
EXPENSES
Charges for mortality and expense risk,
and for administration	10,881		16,325		3,705		1,064		26,621
NET INVESTMENT INCOME (LOSS)	25,868		94,392		14,071		(1,064)		(21,477)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	426,612		33,069		149,102		73,926		696,699
Net realized gain (loss) on shares redeemed	(13,286)		(43,130)		(6,707)		(8,234)		(92,200)
Net change in unrealized appreciation (depreciation) on investments	(594,235)		(441,042)		(260,567)		(144,378)		(2,302,626)
NET GAIN (LOSS) ON INVESTMENTS	(180,909)		(451,103)		(118,172)		(78,686)		(1,698,127)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(155,041)	$	(356,711)	$	(104,101)	$	(79,750)	$	(1,719,604)

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, 2022

	SUBACCOUNTS
	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)		BlackRock Advantage Large Cap Value V.I. Fund (Class III)
ASSETS
Investment in the portfolios, at fair value	$	1,605,013	$	257,266	$	768,401	$	855,593	$	674,121
Net Assets	$	1,605,013	$	257,266	$	768,401	$	855,593	$	674,121
NET ASSETS, representing:
Accumulation units	$	1,605,013	$	257,266	$	768,401	$	855,593	$	674,121
	$	1,605,013	$	257,266	$	768,401	$	855,593	$	674,121
Units outstanding	142,313		27,933		80,080		75,316		52,370
Portfolio shares held	32,944		17,163		35,183		48,366		75,405
Portfolio net asset value per share	$	48.72	$	14.99	$	21.84	$	17.69	$	8.94
Investment in portfolio shares, at cost	$	1,847,662	$	338,367	$	1,013,015	$	1,136,995	$	787,455

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		BlackRock Advantage Large Cap Value V.I. Fund (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	17,863	$	4,070	$	8,646	$	6,450	$	10,257
EXPENSES
Charges for mortality and expense risk,
and for administration	8,483		1,194		4,049		3,875		3,869
NET INVESTMENT INCOME (LOSS)	9,380		2,876		4,597		2,575		6,388
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	153,335		34,479		69,103		10,102		14,700
Net realized gain (loss) on shares redeemed	(21,777)		(8,244)		(16,981)		(46,844)		(97,269)
Net change in unrealized appreciation (depreciation) on investments	(397,570)		(77,067)		(246,635)		(106,035)		(10,197)
NET GAIN (LOSS) ON INVESTMENTS	(266,012)		(50,832)		(194,513)		(142,777)		(92,766)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(256,632)	$	(47,956)	$	(189,916)	$	(140,202)	$	(86,378)

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, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP Contrafund® Portfolio (Service Class 2)
ASSETS
Investment in the portfolios, at fair value	$	507,070	$	1,896,797	$	533,779	$	5,111,838	$	4,186,995
Net Assets	$	507,070	$	1,896,797	$	533,779	$	5,111,838	$	4,186,995
NET ASSETS, representing:
Accumulation units	$	507,070	$	1,896,797	$	533,779	$	5,111,838	$	4,186,995
	$	507,070	$	1,896,797	$	533,779	$	5,111,838	$	4,186,995
Units outstanding	58,805		147,471		65,015		479,389		411,283
Portfolio shares held	88,033		187,431		43,574		272,777		114,587
Portfolio net asset value per share	$	5.76	$	10.12	$	12.25	$	18.74	$	36.54
Investment in portfolio shares, at cost	$	807,277	$	2,257,794	$	808,916	$	5,987,119	$	5,283,358

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP Contrafund® Portfolio (Service Class 2)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	26,386	$	—	$	54,649	$	12,225
EXPENSES
Charges for mortality and expense risk,
and for administration	2,865		8,680		3,364		26,320		24,938
NET INVESTMENT INCOME (LOSS)	(2,865)		17,706		(3,364)		28,329		(12,713)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	26,461		220,900		29,153		254,302		222,851
Net realized gain (loss) on shares redeemed	(22,801)		(14,302)		(354,188)		(34,219)		(71,083)
Net change in unrealized appreciation (depreciation) on investments	(255,565)		(297,388)		(127,800)		(1,174,263)		(1,543,933)
NET GAIN (LOSS) ON INVESTMENTS	(251,905)		(90,790)		(452,835)		(954,180)		(1,392,165)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(254,770)	$	(73,084)	$	(456,199)	$	(925,851)	$	(1,404,878)

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, 2022

	SUBACCOUNTS
	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		PSF Global Portfolio (Class III)
ASSETS
Investment in the portfolios, at fair value	$	2,793,070	$	3,818,246	$	483,943	$	6,869,004	$	58,617
Net Assets	$	2,793,070	$	3,818,246	$	483,943	$	6,869,004	$	58,617
NET ASSETS, representing:
Accumulation units	$	2,793,070	$	3,818,246	$	483,943	$	6,869,004	$	58,617
	$	2,793,070	$	3,818,246	$	483,943	$	6,869,004	$	58,617
Units outstanding	331,088		364,089		36,916		945,162		6,850
Portfolio shares held	69,984		116,945		41,683		908,598		1,276
Portfolio net asset value per share	$	39.91	$	32.65	$	11.61	$	7.56	$	45.94
Investment in portfolio shares, at cost	$	4,365,172	$	4,229,817	$	557,490	$	8,363,281	$	61,801

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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		PSF Global Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	5,823	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	14,875		20,943		1,760		150,496		152
NET INVESTMENT INCOME (LOSS)	(14,875)		(20,943)		4,063		(150,496)		(152)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	424,665		205,507		47,112		—		—
Net realized gain (loss) on shares redeemed	(167,977)		(85,717)		(12,997)		(198,870)		(248)
Net change in unrealized appreciation (depreciation) on investments	(1,591,798)		(563,463)		(56,726)		(1,517,596)		(3,316)
NET GAIN (LOSS) ON INVESTMENTS	(1,335,110)		(443,673)		(22,611)		(1,716,466)		(3,564)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,349,985)	$	(464,616)	$	(18,548)	$	(1,866,962)	$	(3,716)

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, 2022

	SUBACCOUNTS
	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)		PSF PGIM Government Income Portfolio (Class III)
ASSETS
Investment in the portfolios, at fair value	$	259,602	$	1,157,849	$	1,680,380	$	946,324	$	1,551,959
Net Assets	$	259,602	$	1,157,849	$	1,680,380	$	946,324	$	1,551,959
NET ASSETS, representing:
Accumulation units	$	259,602	$	1,157,849	$	1,680,380	$	946,324	$	1,551,959
	$	259,602	$	1,157,849	$	1,680,380	$	946,324	$	1,551,959
Units outstanding	34,980		86,903		184,913		103,783		183,139
Portfolio shares held	11,647		27,746		49,863		25,242		128,155
Portfolio net asset value per share	$	22.29	$	41.73	$	33.70	$	37.49	$	12.11
Investment in portfolio shares, at cost	$	335,731	$	1,046,628	$	1,865,192	$	1,017,809	$	1,569,173

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		PSF PGIM Government Income Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	1,264		4,014		8,072		3,535		2,689
NET INVESTMENT INCOME (LOSS)	(1,264)		(4,014)		(8,072)		(3,535)		(2,689)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(914)		15,160		(15,810)		(3,055)		(3,356)
Net change in unrealized appreciation (depreciation) on investments	(76,953)		103,010		(205,256)		(81,551)		(16,148)
NET GAIN (LOSS) ON INVESTMENTS	(77,867)		118,170		(221,066)		(84,606)		(19,504)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(79,131)	$	114,156	$	(229,138)	$	(88,141)	$	(22,193)

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, 2022

	SUBACCOUNTS
	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)		PSF PGIM Jennison Value Portfolio (Class III)
ASSETS
Investment in the portfolios, at fair value	$	2,473,219	$	272,829	$	64,125	$	2,011,747	$	764,671
Net Assets	$	2,473,219	$	272,829	$	64,125	$	2,011,747	$	764,671
NET ASSETS, representing:
Accumulation units	$	2,473,219	$	272,829	$	64,125	$	2,011,747	$	764,671
	$	2,473,219	$	272,829	$	64,125	$	2,011,747	$	764,671
Units outstanding	271,128		32,995		8,142		293,739		75,582
Portfolio shares held	419,190		3,729		1,490		21,891		17,498
Portfolio net asset value per share	$	5.90	$	73.16	$	43.04	$	91.90	$	43.70
Investment in portfolio shares, at cost	$	2,642,167	$	316,484	$	72,565	$	2,620,943	$	769,614

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		PSF PGIM Jennison Value Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	10,781		1,035		261		9,071		2,711
NET INVESTMENT INCOME (LOSS)	(10,781)		(1,035)		(261)		(9,071)		(2,711)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(17,192)		(5,140)		(94)		(35,438)		(3,625)
Net change in unrealized appreciation (depreciation) on investments	(189,842)		(50,610)		(8,141)		(622,620)		(18,685)
NET GAIN (LOSS) ON INVESTMENTS	(207,034)		(55,750)		(8,235)		(658,058)		(22,310)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(217,815)	$	(56,785)	$	(8,496)	$	(667,129)	$	(25,021)

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, 2022

	SUBACCOUNTS
	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 Class)		MFS® International Intrinsic Value Portfolio (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	3,074,657	$	1,695,389	$	5,666,859	$	204,374	$	54,739
Net Assets	$	3,074,657	$	1,695,389	$	5,666,859	$	204,374	$	54,739
NET ASSETS, representing:
Accumulation units	$	3,074,657	$	1,695,389	$	5,666,859	$	204,374	$	54,739
	$	3,074,657	$	1,695,389	$	5,666,859	$	204,374	$	54,739
Units outstanding	358,643		196,589		612,400		15,035		5,480
Portfolio shares held	231,525		33,739		61,967		6,453		2,010
Portfolio net asset value per share	$	13.28	$	50.25	$	91.45	$	31.67	$	27.24
Investment in portfolio shares, at cost	$	3,374,031	$	1,899,702	$	6,236,220	$	226,753	$	67,058

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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 Class)		MFS® International Intrinsic Value Portfolio (Initial Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	409	$	345
EXPENSES
Charges for mortality and expense risk,
and for administration	12,838		8,274		29,303		479		182
NET INVESTMENT INCOME (LOSS)	(12,838)		(8,274)		(29,303)		(70)		163
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		13,884		1,920
Net realized gain (loss) on shares redeemed	(24,527)		(16,921)		(13,827)		(997)		(201)
Net change in unrealized appreciation (depreciation) on investments	(302,964)		(241,792)		(988,841)		(23,486)		(13,077)
NET GAIN (LOSS) ON INVESTMENTS	(327,491)		(258,713)		(1,002,668)		(10,599)		(11,358)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(340,329)	$	(266,987)	$	(1,031,971)	$	(10,669)	$	(11,195)

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, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	10,383	$	21,687	$	32,088	$	—	$	32,473
Net Assets	$	10,383	$	21,687	$	32,088	$	—	$	32,473
NET ASSETS, representing:
Accumulation units	$	10,383	$	21,687	$	32,088	$	—	$	32,473
	$	10,383	$	21,687	$	32,088	$	—	$	32,473
Units outstanding	1,009		2,537		2,964		—		3,344
Portfolio shares held	1,450		4,499		1,272		—		1,946
Portfolio net asset value per share	$	7.16	$	4.82	$	25.23	$	27.07	$	16.69
Investment in portfolio shares, at cost	$	17,513	$	27,659	$	43,997	$	—	$	45,969

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	—	$	472	$	—	$	—	$	93
EXPENSES
Charges for mortality and expense risk,
and for administration	46		96		138		67		138
NET INVESTMENT INCOME (LOSS)	(46)		376		(138)		(67)		(45)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	1,670		—		585		—		2,665
Net realized gain (loss) on shares redeemed	(410)		(294)		(3,679)		(6,896)		(202)
Net change in unrealized appreciation (depreciation) on investments	(5,677)		(4,928)		(10,965)		(4,158)		(14,379)
NET GAIN (LOSS) ON INVESTMENTS	(4,417)		(5,222)		(14,059)		(11,054)		(11,916)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,463)	$	(4,846)	$	(14,197)	$	(11,121)	$	(11,961)

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, 2022

	SUBACCOUNTS
	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)		American Funds IS U.S. Government Securities Fund® (Class 1)
ASSETS
Investment in the portfolios, at fair value	$	59,312	$	85,231	$	45,240	$	219,614	$	97,503
Net Assets	$	59,312	$	85,231	$	45,240	$	219,614	$	97,503
NET ASSETS, representing:
Accumulation units	$	59,312	$	85,231	$	45,240	$	219,614	$	97,503
	$	59,312	$	85,231	$	45,240	$	219,614	$	97,503
Units outstanding	4,835		8,297		3,189		23,204		10,341
Portfolio shares held	1,813		8,635		2,203		17,333		9,760
Portfolio net asset value per share	$	32.72	$	9.87	$	20.54	$	12.67	$	9.99
Investment in portfolio shares, at cost	$	78,665	$	118,526	$	49,804	$	386,841	$	122,510

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		American Funds IS U.S. Government Securities Fund® (Class 1)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	309	$	1,547	$	601	$	—	$	4,123
EXPENSES
Charges for mortality and expense risk,
and for administration	251		327		341		1,035		785
NET INVESTMENT INCOME (LOSS)	58		1,220		260		(1,035)		3,338
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	4,071		—		3,560		14,525		—
Net realized gain (loss) on shares redeemed	(989)		(728)		(20)		(2,152)		(1,212)
Net change in unrealized appreciation (depreciation) on investments	(14,248)		(19,668)		(6,173)		(145,703)		(15,077)
NET GAIN (LOSS) ON INVESTMENTS	(11,166)		(20,396)		(2,633)		(133,330)		(16,289)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(11,108)	$	(19,176)	$	(2,373)	$	(134,365)	$	(12,951)

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, 2022

	SUBACCOUNTS
	American Funds IS The Bond Fund of America® (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio		Vanguard Mid-Cap Index Portfolio
ASSETS
Investment in the portfolios, at fair value	$	11,512	$	199,482	$	189,120	$	41,175	$	107,495
Net Assets	$	11,512	$	199,482	$	189,120	$	41,175	$	107,495
NET ASSETS, representing:
Accumulation units	$	11,512	$	199,482	$	189,120	$	41,175	$	107,495
	$	11,512	$	199,482	$	189,120	$	41,175	$	107,495
Units outstanding	1,252		19,392		15,169		4,074		9,521
Portfolio shares held	1,223		8,858		13,499		2,161		5,028
Portfolio net asset value per share	$	9.41	$	22.52	$	14.01	$	19.05	$	21.38
Investment in portfolio shares, at cost	$	13,892	$	315,062	$	211,681	$	49,793	$	140,679

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	American Funds IS The Bond Fund of America® (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio		Vanguard Mid-Cap Index Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	386	$	2,570	$	2,315	$	1,049	$	1,399
EXPENSES
Charges for mortality and expense risk,
and for administration	94		1,457		1,505		280		862
NET INVESTMENT INCOME (LOSS)	292		1,113		810		769		537
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	144		38,099		18,312		1,098		13,271
Net realized gain (loss) on shares redeemed	(115)		(1,948)		(540)		(689)		(2,955)
Net change in unrealized appreciation (depreciation) on investments	(2,110)		(103,103)		(45,813)		(8,263)		(37,491)
NET GAIN (LOSS) ON INVESTMENTS	(2,081)		(66,952)		(28,041)		(7,854)		(27,175)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,789)	$	(65,839)	$	(27,231)	$	(7,085)	$	(26,638)

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, 2022

	SUBACCOUNTS
	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)		ClearBridge Variable Dividend Strategy Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	3,427	$	11,310	$	96,442	$	42,136	$	128,782
Net Assets	$	3,427	$	11,310	$	96,442	$	42,136	$	128,782
NET ASSETS, representing:
Accumulation units	$	3,427	$	11,310	$	96,442	$	42,136	$	128,782
	$	3,427	$	11,310	$	96,442	$	42,136	$	128,782
Units outstanding	292		1,269		10,567		4,265		10,536
Portfolio shares held	68		1,004		8,930		3,726		6,080
Portfolio net asset value per share	$	50.74	$	11.26	$	10.80	$	11.31	$	21.18
Investment in portfolio shares, at cost	$	3,751	$	14,080	$	117,193	$	82,901	$	150,479

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	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)		ClearBridge Variable Dividend Strategy Portfolio (Class I)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	639	$	348	$	2,310	$	—	$	1,851
EXPENSES
Charges for mortality and expense risk,
and for administration	125		49		442		179		523
NET INVESTMENT INCOME (LOSS)	514		299		1,868		(179)		1,328
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	2,137		147		5,432		14,184		11,210
Net realized gain (loss) on shares redeemed	(61)		(151)		(5,438)		(1,093)		(133)
Net change in unrealized appreciation (depreciation) on investments	(7,193)		(2,271)		(18,526)		(30,202)		(24,420)
NET GAIN (LOSS) ON INVESTMENTS	(5,117)		(2,275)		(18,532)		(17,111)		(13,343)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,603)	$	(1,976)	$	(16,664)	$	(17,290)	$	(12,015)

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, 2022

	SUBACCOUNTS
	MFS® Utilities Series (Initial Class)		Vanguard Real Estate Index Portfolio		Vanguard Total Bond Market Index Portfolio		Vanguard Equity Income Portfolio		Vanguard High Yield Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	20,193	$	22,627	$	29,100	$	132,260	$	20,790
Net Assets	$	20,193	$	22,627	$	29,100	$	132,260	$	20,790
NET ASSETS, representing:
Accumulation units	$	20,193	$	22,627	$	29,100	$	132,260	$	20,790
	$	20,193	$	22,627	$	29,100	$	132,260	$	20,790
Units outstanding	1,803		2,521		3,331		10,628		2,171
Portfolio shares held	556		1,962		2,820		5,486		2,991
Portfolio net asset value per share	$	36.32	$	11.53	$	10.32	$	24.11	$	6.95
Investment in portfolio shares, at cost	$	20,098	$	26,775	$	31,862	$	147,472	$	22,743

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	MFS® Utilities Series (Initial Class)		Vanguard Real Estate Index Portfolio		Vanguard Total Bond Market Index Portfolio		Vanguard Equity Income Portfolio		Vanguard High Yield Bond Portfolio
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	265	$	34	$	405	$	3,221	$	1,009
EXPENSES
Charges for mortality and expense risk,
and for administration	44		103		162		871		139
NET INVESTMENT INCOME (LOSS)	221		(69)		243		2,350		870
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	420		77		144		13,692		—
Net realized gain (loss) on shares redeemed	(4)		(19)		(14)		(140)		(12)
Net change in unrealized appreciation (depreciation) on investments	95		(4,148)		(2,762)		(15,213)		(1,953)
NET GAIN (LOSS) ON INVESTMENTS	511		(4,090)		(2,632)		(1,661)		(1,965)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	732	$	(4,159)	$	(2,389)	$	689	$	(1,095)

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 2022

	SUBACCOUNTS
	Vanguard Short-Term Investment Grade Portfolio		PSF Natural Resources Portfolio (Class I)		Vanguard Total Stock Market Index Portfolio		Vanguard Balanced Portfolio		Vanguard Growth Portfolio
ASSETS
Investment in the portfolios, at fair value	$	40,139	$	70,405	$	88,680	$	4,304	$	106,958
Net Assets	$	40,139	$	70,405	$	88,680	$	4,304	$	106,958
NET ASSETS, representing:
Accumulation units	$	40,139	$	70,405	$	88,680	$	4,304	$	106,958
	$	40,139	$	70,405	$	88,680	$	4,304	$	106,958
Units outstanding	4,204		4,002		7,712		399		10,589
Portfolio shares held	4,046		1,682		2,096		198		5,900
Portfolio net asset value per share	$	9.92	$	41.86	$	42.30	$	21.72	$	18.13
Investment in portfolio shares, at cost	$	42,289	$	64,372	$	100,944	$	4,518	$	172,861

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	Vanguard Short-Term Investment Grade Portfolio		PSF Natural Resources Portfolio (Class I)		Vanguard Total Stock Market Index Portfolio		Vanguard Balanced Portfolio		Vanguard Growth Portfolio
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	665	$	—	$	—	$	—	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	278		142		480		12		789
NET INVESTMENT INCOME (LOSS)	387		(142)		(480)		(12)		(789)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	318		—		—		—		39,400
Net realized gain (loss) on shares redeemed	(13)		18		(54)		—		(416)
Net change in unrealized appreciation (depreciation) on investments	(2,150)		6,033		(12,264)		(214)		(65,902)
NET GAIN (LOSS) ON INVESTMENTS	(1,845)		6,051		(12,318)		(214)		(26,918)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,458)	$	5,909	$	(12,798)	$	(226)	$	(27,707)

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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 NET ASSETS

December 31, 2022

	SUBACCOUNTS
	DFA VA International Value Portfolio		Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)		American Funds IS Washington Mutual Investors Fund℠ (Class 1)		American Funds IS Growth Fund (Class 1)		American Funds IS Growth-Income Fund (Class 1)
ASSETS
Investment in the portfolios, at fair value	$	29,237	$	7,311	$	10,999	$	10,177	$	10,776
Net Assets	$	29,237	$	7,311	$	10,999	$	10,177	$	10,776
NET ASSETS, representing:
Accumulation units	$	29,237	$	7,311	$	10,999	$	10,177	$	10,776
	$	29,237	$	7,311	$	10,999	$	10,177	$	10,776
Units outstanding	2,544		692		885		867		952
Portfolio shares held	2,389		775		867		133		215
Portfolio net asset value per share	$	12.24	$	9.43	$	12.69	$	76.29	$	50.21
Investment in portfolio shares, at cost	$	30,018	$	7,428	$	10,208	$	10,071	$	10,159

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNTS
	DFA VA International Value Portfolio		Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)		American Funds IS Washington Mutual Investors Fund℠ (Class 1)		American Funds IS Growth Fund (Class 1)		American Funds IS Growth-Income Fund (Class 1)
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
INVESTMENT INCOME
Dividend income	$	1,149	$	279	$	188	$	51	$	138
EXPENSES
Charges for mortality and expense risk,
and for administration	109		19		19		18		18
NET INVESTMENT INCOME (LOSS)	1,040		260		169		33		120
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	319		—		—		—		—
Net realized gain (loss) on shares redeemed	(21)		(1)		1		—		2
Net change in unrealized appreciation (depreciation) on investments	(781)		(117)		790		106		617
NET GAIN (LOSS) ON INVESTMENTS	(483)		(118)		791		106		619
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	557	$	142	$	960	$	139	$	739

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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 NET ASSETS

December 31, 2022

	SUBACCOUNT
	Fidelity® VIP Technology Portfolio (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	5,075
Net Assets	$	5,075
NET ASSETS, representing:
Accumulation units	$	5,075
	$	5,075
Units outstanding	415
Portfolio shares held	242
Portfolio net asset value per share	$	20.94
Investment in portfolio shares, at cost	$	5,014

STATEMENTS OF OPERATIONS

For the period ended December 31, 2022

	SUBACCOUNT
	Fidelity® VIP Technology Portfolio (Initial Class)
	1/1/2022***
	to
	12/31/2022
INVESTMENT INCOME
Dividend income	$	—
EXPENSES
Charges for mortality and expense risk,
and for administration	5
NET INVESTMENT INCOME (LOSS)	(5)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—
Net realized gain (loss) on shares redeemed	—
Net change in unrealized appreciation (depreciation) on investments	61
NET GAIN (LOSS) ON INVESTMENTS	61
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	56

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(4,046)	$	(128,145)	$	(214,046)	$	(234,030)	$	(127,959)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		235,240		1,034,814		1,424,811		231,424
Net change in unrealized appreciation (depreciation) on investments	—		(1,807,710)		(5,803,737)		(2,885,070)		(1,358,982)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,046)		(1,700,615)		(4,982,969)		(1,694,289)		(1,255,517)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	237,119		60,317		23,397		53,182		32,232
Annuity payments	(27,720)		(122,137)		(128,454)		(104,506)		(106,863)
Surrenders, withdrawals and death benefits	(1,599,021)		(933,791)		(1,168,674)		(1,576,792)		(1,093,504)
Net transfers between other subaccounts
or fixed rate option	73,986		(45,843)		(33,253)		(536,056)		(268,190)
Miscellaneous transactions	(852)		591		(1,476)		(3)		(775)
Other charges	(4,502)		(2,183)		(6,278)		(14,985)		(8,701)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,320,990)		(1,043,046)		(1,314,738)		(2,179,160)		(1,445,801)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,325,036)		(2,743,661)		(6,297,707)		(3,873,449)		(2,701,318)
NET ASSETS
Beginning of period	5,656,407		10,865,653		19,500,093		18,510,051		10,369,104
End of period	$	4,331,371	$	8,121,992	$	13,202,386	$	14,636,602	$	7,667,786
Beginning units	5,032,156		3,520,332		2,881,699		3,656,684		1,782,429
Units issued	825,777		64,180		18,217		56,738		35,362
Units redeemed	(2,170,314)		(462,073)		(257,732)		(550,749)		(273,554)
Ending units	3,687,619		3,122,439		2,642,184		3,162,673		1,544,237

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(440,573)	$	(49,569)	$	(294,703)	$	(79,984)	$	(6,603)
Capital gains distributions received	—		—		—		—		23,933
Net realized gain (loss) on shares redeemed	2,106,039		244,238		2,346,155		467,575		560
Net change in unrealized appreciation (depreciation) on investments	(11,351,975)		(1,040,279)		(13,244,208)		(2,079,763)		(230,527)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(9,686,509)		(845,610)		(11,192,756)		(1,692,172)		(212,637)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	162,752		2,602		21,073		124,364		—
Annuity payments	(210,793)		(70,595)		(526,796)		(15,984)		(22,097)
Surrenders, withdrawals and death benefits	(2,874,233)		(299,401)		(2,097,989)		(665,231)		(132,518)
Net transfers between other subaccounts
or fixed rate option	(1,316,250)		9,179		497,997		(433,634)		4,310
Miscellaneous transactions	10,819		21		15,646		813		956
Other charges	(108,437)		(2,825)		(11,516)		(24,692)		(158)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(4,336,142)		(361,019)		(2,101,585)		(1,014,364)		(149,507)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(14,022,651)		(1,206,629)		(13,294,341)		(2,706,536)		(362,144)
NET ASSETS
Beginning of period	51,905,095		4,337,885		30,034,631		10,219,606		1,342,998
End of period	$	37,882,444	$	3,131,256	$	16,740,290	$	7,513,070	$	980,854
Beginning units	5,179,655		934,661		3,016,342		879,430		554,037
Units issued	68,383		6,499		116,324		29,614		20,418
Units redeemed	(602,311)		(97,758)		(411,460)		(127,316)		(87,067)
Ending units	4,645,727		843,402		2,721,206		781,728		487,388

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, 2022

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Portfolio 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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	24,633	$	(29,978)	$	(28,693)	$	12,906	$	(11,296)
Capital gains distributions received	260,877		932,457		729,873		—		161,355
Net realized gain (loss) on shares redeemed	145,576		86,746		85,953		86,606		30,270
Net change in unrealized appreciation (depreciation) on investments	(700,840)		(2,588,958)		(2,486,441)		(557,237)		(457,371)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(269,754)		(1,599,733)		(1,699,308)		(457,725)		(277,042)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	83		790		330		—		1,050
Annuity payments	(65,487)		(98,809)		(45,791)		(57,563)		(57,271)
Surrenders, withdrawals and death benefits	(443,864)		(539,581)		(393,105)		(390,404)		(36,941)
Net transfers between other subaccounts
or fixed rate option	(124,215)		(35,272)		40,580		(51,427)		(30,296)
Miscellaneous transactions	1,241		1,025		2,615		1,945		—
Other charges	(764)		(1,099)		(760)		(884)		(295)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(633,006)		(672,946)		(396,131)		(498,333)		(123,753)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(902,760)		(2,272,679)		(2,095,439)		(956,058)		(400,795)
NET ASSETS
Beginning of period	5,942,239		7,694,664		5,622,738		4,605,964		1,531,601
End of period	$	5,039,479	$	5,421,985	$	3,527,299	$	3,649,906	$	1,130,806
Beginning units	1,072,417		1,561,049		853,443		960,727		253,256
Units issued	19,057		13,434		26,510		4,580		951
Units redeemed	(137,378)		(170,236)		(105,229)		(120,291)		(25,190)
Ending units	954,096		1,404,247		774,724		845,016		229,017

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(84,847)	$	11,443	$	(24,740)	$	(38,274)	$	(1,620)
Capital gains distributions received	697,736		142,455		467,422		—		173,573
Net realized gain (loss) on shares redeemed	197,564		95,889		(75,696)		318,290		(40,688)
Net change in unrealized appreciation (depreciation) on investments	(3,459,547)		(265,870)		(1,212,620)		(1,221,538)		(343,783)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(2,649,094)		(16,083)		(845,634)		(941,522)		(212,518)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,870		34		—		240		—
Annuity payments	(23,177)		(13,829)		(57,498)		(103,333)		(5,744)
Surrenders, withdrawals and death benefits	(471,590)		(167,555)		(111,917)		(304,605)		(110,141)
Net transfers between other subaccounts
or fixed rate option	21,067		(44,658)		103,125		652		(22,203)
Miscellaneous transactions	189		25		—		(570)		—
Other charges	(1,225)		(287)		(292)		(367)		(215)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(472,866)		(226,270)		(66,582)		(407,983)		(138,303)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(3,121,960)		(242,353)		(912,216)		(1,349,505)		(350,821)
NET ASSETS
Beginning of period	8,360,475		1,876,823		2,434,459		3,653,094		1,051,501
End of period	$	5,238,515	$	1,634,470	$	1,522,243	$	2,303,589	$	700,680
Beginning units	991,636		349,499		371,097		624,108		350,050
Units issued	15,617		5,557		21,517		3,418		4,483
Units redeemed	(85,640)		(48,061)		(37,439)		(89,951)		(58,413)
Ending units	921,613		306,995		355,175		537,575		296,120

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, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(6,942)	$	(87,476)	$	(4,816)	$	(89,960)	$	(21,727)
Capital gains distributions received	67,270		—		88,683		—		—
Net realized gain (loss) on shares redeemed	13,149		413,828		3,858		670,583		54,666
Net change in unrealized appreciation (depreciation) on investments	(272,463)		(1,379,589)		(284,626)		(2,695,878)		(597,383)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(198,986)		(1,053,237)		(196,901)		(2,115,255)		(564,444)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		24,070		—		40,273		23,608
Annuity payments	(63,039)		(5,962)		—		(20,678)		(4,674)
Surrenders, withdrawals and death benefits	(26,017)		(455,092)		(16,883)		(857,463)		(93,845)
Net transfers between other subaccounts
or fixed rate option	(32,003)		(78,584)		15,328		245,563		50,110
Miscellaneous transactions	—		(137)		180		(140)		83
Other charges	(51)		(14,186)		(1,006)		(11,943)		(2,524)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(121,110)		(529,891)		(2,381)		(604,388)		(27,242)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(320,096)		(1,583,128)		(199,282)		(2,719,643)		(591,686)
NET ASSETS
Beginning of period	676,669		6,679,561		632,584		7,715,676		1,876,617
End of period	$	356,573	$	5,096,433	$	433,302	$	4,996,033	$	1,284,931
Beginning units	202,170		1,488,412		149,649		1,140,386		606,807
Units issued	888		47,561		5,487		68,031		42,276
Units redeemed	(51,572)		(188,381)		(5,966)		(223,666)		(73,671)
Ending units	151,486		1,347,592		149,170		984,751		575,412

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		2/11/2022**		12/31/2022		9/9/2022**
OPERATIONS
Net investment income (loss)	$	(277,661)	$	(4,010,666)	$	(128,694)	$	(296,674)	$	(148,809)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	2,565,095		1,822,935		27,957,683		958,112		1,224,897
Net change in unrealized appreciation (depreciation) on investments	(10,888,908)		(58,686,481)		(27,271,187)		(4,758,886)		(6,868,159)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(8,601,474)		(60,874,212)		557,802		(4,097,448)		(5,792,071)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	626,147		51,943		162,911		197,821		324,802
Annuity payments	—		(16,624)		—		—		—
Surrenders, withdrawals and death benefits	(1,651,760)		(21,115,571)		(529,134)		(2,123,789)		(639,091)
Net transfers between other subaccounts
or fixed rate option	(4,930,619)		(71,949,383)		(90,266,541)		(3,001,982)		(15,711,037)
Miscellaneous transactions	1,724		4,821		(2,202)		1,079		963
Other charges	(204,917)		(3,419,746)		(80,277)		(212,240)		(101,710)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(6,159,425)		(96,444,560)		(90,715,243)		(5,139,111)		(16,126,073)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(14,760,899)		(157,318,772)		(90,157,441)		(9,236,559)		(21,918,144)
NET ASSETS
Beginning of period	35,679,774		371,841,801		90,157,441		34,202,877		21,918,144
End of period	$	20,918,875	$	214,523,029	$	—	$	24,966,318	$	—
Beginning units	1,151,061		21,889,855		4,144,247		2,065,072		688,174
Units issued	352,098		5,565,641		126,139		269,471		185,022
Units redeemed	(545,366)		(12,185,763)		(4,270,386)		(606,857)		(873,196)
Ending units	957,793		15,269,733		—		1,727,686		—

**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, 2022

	SUBACCOUNTS
	AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio		AST MFS Growth Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		6/10/2022**		6/10/2022**
OPERATIONS
Net investment income (loss)	$	(322,709)	$	(663,451)	$	(1,438,602)	$	(306,807)	$	(132,398)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	752,937		2,461,914		2,328,130		12,038,586		4,037,449
Net change in unrealized appreciation (depreciation) on investments	(3,829,837)		(25,601,940)		(6,933,272)		(28,991,970)		(12,872,139)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(3,399,609)		(23,803,477)		(6,043,744)		(17,260,191)		(8,967,088)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	398,576		509,847		2,879,802		137,321		556,943
Annuity payments	—		(34,428)		(4,858)		—		—
Surrenders, withdrawals and death benefits	(1,826,828)		(3,847,658)		(9,247,059)		(1,387,772)		(732,782)
Net transfers between other subaccounts
or fixed rate option	24,379,089		(1,156,000)		93,998,413		(45,325,945)		(22,421,468)
Miscellaneous transactions	(1,311)		(2,226)		(5,661)		1,095		(3,368)
Other charges	(242,365)		(483,860)		(1,090,586)		(204,585)		(82,023)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	22,707,161		(5,014,325)		86,530,051		(46,779,886)		(22,682,698)
TOTAL INCREASE (DECREASE) IN NET ASSETS	19,307,552		(28,817,802)		80,486,307		(64,040,077)		(31,649,786)
NET ASSETS
Beginning of period	15,088,727		73,745,416		42,499,969		64,040,077		31,649,786
End of period	$	34,396,279	$	44,927,614	$	122,986,276	$	—	$	—
Beginning units	566,615		2,108,344		1,574,507		1,446,363		738,815
Units issued	1,474,823		562,256		5,136,990		106,443		79,688
Units redeemed	(487,069)		(733,174)		(1,877,618)		(1,552,806)		(818,503)
Ending units	1,554,369		1,937,426		4,833,879		—		—

**Date subaccount was no longer available for investment.

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, 2022

	SUBACCOUNTS
	AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST T. Rowe Price Natural Resources Portfolio		AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(468,197)	$	(32,931)	$	(299,827)	$	(18,236,438)	$	(358,420)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,619,710		398,532		4,442,713		63,755,454		2,205,332
Net change in unrealized appreciation (depreciation) on investments	(8,388,955)		(824,635)		(3,611,981)		(324,531,219)		(9,232,282)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,237,442)		(459,034)		530,905		(279,012,203)		(7,385,370)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	978,919		254,600		814,637		1,297,220		240,543
Annuity payments	—		—		—		(170,017)		—
Surrenders, withdrawals and death benefits	(2,821,017)		(154,577)		(2,011,381)		(77,424,894)		(2,332,795)
Net transfers between other subaccounts
or fixed rate option	(7,806,860)		(27,743,413)		(8,739,528)		(135,253,915)		(3,470,480)
Miscellaneous transactions	(2,660)		(10)		3,783		12,539		(3,649)
Other charges	(346,874)		(20,579)		(232,386)		(15,085,032)		(265,793)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(9,998,492)		(27,663,979)		(10,164,875)		(226,624,099)		(5,832,174)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(14,235,934)		(28,123,013)		(9,633,970)		(505,636,302)		(13,217,544)
NET ASSETS
Beginning of period	47,681,057		28,123,013		28,073,817		1,598,955,582		39,405,399
End of period	$	33,445,123	$	—	$	18,439,847	$	1,093,319,280	$	26,187,855
Beginning units	1,735,445		2,667,227		2,269,640		72,393,523		1,380,104
Units issued	335,558		87,996		1,052,423		9,835,886		171,867
Units redeemed	(677,239)		(2,755,223)		(1,909,372)		(22,273,201)		(402,755)
Ending units	1,393,764		—		1,412,691		59,956,208		1,149,216

**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, 2022

	SUBACCOUNTS
	AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio		AST Academic Strategies Asset Allocation Portfolio		AST Balanced Asset Allocation Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(290,516)	$	(1,853,094)	$	(10,083,281)	$	(3,014,964)	$	(9,307,310)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	838,082		9,622,710		57,248,082		16,699,761		50,204,210
Net change in unrealized appreciation (depreciation) on investments	(7,094,285)		(22,709,953)		(200,441,579)		(49,433,262)		(184,238,593)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(6,546,719)		(14,940,337)		(153,276,778)		(35,748,465)		(143,341,693)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	7,452		97,160		515,655		130,714		1,500,146
Annuity payments	—		—		(16,928)		(184,402)		(352,886)
Surrenders, withdrawals and death benefits	(1,248,729)		(7,312,709)		(35,789,324)		(12,398,487)		(44,080,412)
Net transfers between other subaccounts
or fixed rate option	(4,523,717)		(14,537,214)		(65,929,281)		(55,609,743)		218,317,401
Miscellaneous transactions	29		(1,627)		12,631		1,772		43,058
Other charges	(218,579)		(1,587,495)		(7,459,361)		(1,859,897)		(7,032,633)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(5,983,544)		(23,341,885)		(108,666,608)		(69,920,043)		168,394,674
TOTAL INCREASE (DECREASE) IN NET ASSETS	(12,530,263)		(38,282,222)		(261,943,386)		(105,668,508)		25,052,981
NET ASSETS
Beginning of period	29,196,196		150,637,524		843,785,747		256,021,990		769,774,215
End of period	$	16,665,933	$	112,355,302	$	581,842,361	$	150,353,482	$	794,827,196
Beginning units	1,627,046		8,521,581		35,164,612		16,045,202		36,044,587
Units issued	468,840		1,714,704		5,675,036		3,831,376		20,508,367
Units redeemed	(911,433)		(3,265,942)		(11,338,895)		(8,741,894)		(11,302,721)
Ending units	1,184,453		6,970,343		29,500,753		11,134,684		45,250,233

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, 2022

	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio		AST Prudential Growth Allocation Portfolio		AST Advanced Strategies Portfolio		AST Large-Cap Growth Portfolio		AST Government Money Market Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(5,031,682)	$	(12,351,750)	$	(7,497,516)	$	(1,751,726)	$	180,158
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	26,924,122		68,151,920		43,937,940		5,999,975		—
Net change in unrealized appreciation (depreciation) on investments	(97,556,525)		(275,840,288)		(151,417,202)		(56,553,733)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(75,664,085)		(220,040,118)		(114,976,778)		(52,305,484)		180,158
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	720,856		324,873		241,577		2,750,451		6,687,120
Annuity payments	(186,959)		(25,282)		(720,706)		(103,029)		—
Surrenders, withdrawals and death benefits	(29,248,862)		(51,427,839)		(32,631,071)		(10,291,128)		(100,762,732)
Net transfers between other subaccounts
or fixed rate option	(80,461,595)		(154,843,064)		(51,576,431)		90,789,062		111,445,117
Miscellaneous transactions	2,034		(3,789)		2,530		4,482		(348)
Other charges	(3,968,291)		(10,543,713)		(6,197,356)		(1,271,835)		(399,734)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(113,142,817)		(216,518,814)		(90,881,457)		81,878,003		16,969,423
TOTAL INCREASE (DECREASE) IN NET ASSETS	(188,806,902)		(436,558,932)		(205,858,235)		29,572,519		17,149,581
NET ASSETS
Beginning of period	462,362,719		1,145,058,926		653,219,817		138,184,640		47,530,507
End of period	$	273,555,817	$	708,499,994	$	447,361,582	$	167,757,159	$	64,680,088
Beginning units	27,147,475		53,040,748		29,140,722		3,043,575		5,068,781
Units issued	6,435,571		11,414,786		4,012,669		4,165,648		9,458,087
Units redeemed	(14,302,551)		(23,774,869)		(8,898,476)		(1,518,021)		(7,590,169)
Ending units	19,280,495		40,680,665		24,254,915		5,691,202		6,936,699

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, 2022

	SUBACCOUNTS
	AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio		AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade Bond Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(360,570)	$	(301,498)	$	(131,665)	$	(241,348)	$	(7,971,447)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	850,808		10,458,196		318,307		396,904		(7,325,759)
Net change in unrealized appreciation (depreciation) on investments	(11,649,375)		(16,929,045)		(1,785,938)		(9,284,194)		(3,613,153)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(11,159,137)		(6,772,347)		(1,599,296)		(9,128,638)		(18,910,359)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	678,240		318,021		551,280		624,815		1,111
Annuity payments	—		(4,016)		—		—		(7,843)
Surrenders, withdrawals and death benefits	(1,890,605)		(2,054,772)		(815,818)		(1,469,211)		(28,570,522)
Net transfers between other subaccounts
or fixed rate option	13,546,573		(191,306,163)		(1,548,348)		(605,431)		974,103,651
Miscellaneous transactions	(347)		1,215		196		1,326		(740)
Other charges	(252,985)		(193,292)		(92,132)		(195,623)		(8,357,739)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	12,080,876		(193,239,007)		(1,904,822)		(1,644,124)		937,167,918
TOTAL INCREASE (DECREASE) IN NET ASSETS	921,739		(200,011,354)		(3,504,118)		(10,772,762)		918,257,559
NET ASSETS
Beginning of period	34,015,663		200,011,354		14,537,372		30,197,491		72,288,360
End of period	$	34,937,402	$	—	$	11,033,254	$	19,424,729	$	990,545,919
Beginning units	910,114		15,543,966		1,061,232		1,241,959		4,366,811
Units issued	820,008		296,721		227,605		338,095		192,849,383
Units redeemed	(366,222)		(15,840,687)		(371,400)		(427,922)		(117,955,913)
Ending units	1,363,900		—		917,437		1,152,132		79,260,281

**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, 2022

	SUBACCOUNTS
	AST Core Fixed Income Portfolio		AST Cohen & Steers Global Realty Portfolio		AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST Moderate Multi-Asset Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		6/10/2022**		12/2/2022**
OPERATIONS
Net investment income (loss)	$	(3,454,208)	$	(91,469)	$	(285,728)	$	(182,690)	$	(4,220,651)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(11,209,409)		684,152		66,755		9,963,480		76,486,599
Net change in unrealized appreciation (depreciation) on investments	(38,720,092)		(3,062,513)		(6,287,384)		(14,181,033)		(138,681,605)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(53,383,709)		(2,469,830)		(6,506,357)		(4,400,243)		(66,415,657)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,909,205		183,309		145,404		237,949		145,029
Annuity payments	(80,482)		—		—		—		(20,489)
Surrenders, withdrawals and death benefits	(25,740,281)		(389,249)		(1,166,677)		(1,135,588)		(19,163,462)
Net transfers between other subaccounts
or fixed rate option	203,947,627		(1,718,520)		(5,903,649)		(32,912,720)		(318,937,695)
Miscellaneous transactions	5,438		(195)		3		(777)		(2,038)
Other charges	(2,710,187)		(67,062)		(234,942)		(131,526)		(3,648,290)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	177,331,320		(1,991,717)		(7,159,861)		(33,942,662)		(341,626,945)
TOTAL INCREASE (DECREASE) IN NET ASSETS	123,947,611		(4,461,547)		(13,666,218)		(38,342,905)		(408,042,602)
NET ASSETS
Beginning of period	134,962,474		10,471,938		31,633,805		38,342,905		408,042,602
End of period	$	258,910,085	$	6,010,391	$	17,967,587	$	—	$	—
Beginning units	9,538,841		498,104		2,905,957		1,335,009		21,832,245
Units issued	24,067,089		126,258		1,002,241		58,646		3,645,605
Units redeemed	(11,153,799)		(231,222)		(1,786,262)		(1,393,655)		(25,477,850)
Ending units	22,452,131		393,140		2,121,936		—		—

**Date subaccount was no longer available for investment.

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, 2022

	SUBACCOUNTS
	AST J.P. Morgan Global Thematic Portfolio		ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(2,711,719)	$	(7,515)	$	(1,071)	$	(4,053)	$	(5,548)
Capital gains distributions received	—		5,493		2,811		3,401		22,540
Net realized gain (loss) on shares redeemed	14,993,200		(13,782)		4,554		17,820		12,313
Net change in unrealized appreciation (depreciation) on investments	(56,115,818)		(190,421)		(30,340)		(73,667)		(68,937)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(43,834,337)		(206,225)		(24,046)		(56,499)		(39,632)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	132,281		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(11,361,327)		(13,651)		(1,309)		(271)		(5,940)
Net transfers between other subaccounts
or fixed rate option	(23,553,555)		69,196		(6,430)		(24,738)		(82,839)
Miscellaneous transactions	9,023		(34)		—		—		—
Other charges	(2,347,212)		(4,496)		(828)		(2,864)		(3,956)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(37,120,790)		51,015		(8,567)		(27,873)		(92,735)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(80,955,127)		(155,210)		(32,613)		(84,372)		(132,367)
NET ASSETS
Beginning of period	240,889,523		615,367		96,714		347,050		494,108
End of period	$	159,934,396	$	460,157	$	64,101	$	262,678	$	361,741
Beginning units	11,794,014		14,533		3,041		19,513		12,265
Units issued	2,300,947		3,415		1,896		2,516		983
Units redeemed	(4,542,120)		(1,862)		(2,220)		(4,378)		(3,576)
Ending units	9,552,841		16,086		2,717		17,651		9,672

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, 2022

	SUBACCOUNTS
	ProFund VP Industrials		ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(5,525)	$	(1,606)	$	(3,063)	$	(1,104)	$	(1,247)
Capital gains distributions received	5,730		22,878		32,175		9,207		12,987
Net realized gain (loss) on shares redeemed	9,614		(10,196)		7,791		6,862		(4,886)
Net change in unrealized appreciation (depreciation) on investments	(90,015)		(41,791)		(63,509)		(64,439)		(31,950)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(80,196)		(30,715)		(26,606)		(49,474)		(25,096)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(17,519)		(1,697)		(7,820)		—		(3,950)
Net transfers between other subaccounts
or fixed rate option	(19,674)		(19,141)		(38,275)		(9,411)		(6,282)
Miscellaneous transactions	—		—		(21)		—		(33)
Other charges	(3,427)		(1,189)		(2,201)		(1,465)		(717)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(40,620)		(22,027)		(48,317)		(10,876)		(10,982)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(120,816)		(52,742)		(74,923)		(60,350)		(36,078)
NET ASSETS
Beginning of period	456,079		137,281		271,751		196,423		104,333
End of period	$	335,263	$	84,539	$	196,828	$	136,073	$	68,255
Beginning units	16,557		4,741		11,137		10,011		3,292
Units issued	3,391		1,562		948		2,272		727
Units redeemed	(5,310)		(2,597)		(3,161)		(2,698)		(1,209)
Ending units	14,638		3,706		8,924		9,585		2,810

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, 2022

	SUBACCOUNTS
	ProFund VP Small-Cap Value		ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(2,863)	$	84	$	(1,016)	$	(3,295)	$	(2,116)
Capital gains distributions received	31,989		—		1,814		42,810		2,832
Net realized gain (loss) on shares redeemed	3,244		(207)		207		(9,209)		8,517
Net change in unrealized appreciation (depreciation) on investments	(62,691)		(6,094)		(4,113)		(120,567)		(31,220)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(30,321)		(6,217)		(3,108)		(90,261)		(21,987)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(6,400)		—		(4,216)		(11,655)		(3,293)
Net transfers between other subaccounts
or fixed rate option	(24,574)		(143)		(21,786)		(8,993)		(52,046)
Miscellaneous transactions	(19)		—		3		—		—
Other charges	(1,874)		(257)		(1,860)		(2,627)		(2,156)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(32,867)		(400)		(27,859)		(23,275)		(57,495)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(63,188)		(6,617)		(30,967)		(113,536)		(79,482)
NET ASSETS
Beginning of period	228,179		27,682		208,368		290,640		255,531
End of period	$	164,991	$	21,065	$	177,401	$	177,104	$	176,049
Beginning units	9,157		1,932		10,475		7,136		12,664
Units issued	742		378		3,246		1,704		2,249
Units redeemed	(2,245)		(416)		(4,646)		(2,501)		(5,440)
Ending units	7,654		1,894		9,075		6,339		9,473

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, 2022

	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio		Allspring VT International Equity Fund (Class 1)		Allspring VT Omega Growth Fund (Class 1)		AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	6/10/2022**		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(199,599)	$	387	$	(6,536)	$	(88,993)	$	(511,141)
Capital gains distributions received	—		—		84,774		—		—
Net realized gain (loss) on shares redeemed	3,475,106		(654)		17,877		(41,056)		2,372,941
Net change in unrealized appreciation (depreciation) on investments	(20,604,972)		(2,093)		(314,291)		(57,893)		(20,019,790)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(17,329,465)		(2,360)		(218,176)		(187,942)		(18,157,990)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	111,985		—		—		—		6,364,587
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,391,464)		(897)		(133,485)		(346,139)		(7,024,466)
Net transfers between other subaccounts
or fixed rate option	(34,495,648)		769		—		(7,870,267)		(2,279,781)
Miscellaneous transactions	11,619		—		—		(578)		(4,120)
Other charges	(128,378)		(24)		—		(4,367)		(390,128)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(35,891,886)		(152)		(133,485)		(8,221,351)		(3,333,908)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(53,221,351)		(2,512)		(351,661)		(8,409,293)		(21,491,898)
NET ASSETS
Beginning of period	53,221,351		18,029		634,741		8,410,311		95,231,885
End of period	$	—	$	15,517	$	283,080	$	1,018	$	73,739,987
Beginning units	1,183,103		946		74,376		704,287		5,099,788
Units issued	107,306		46		—		114,860		584,413
Units redeemed	(1,290,409)		(57)		(20,834)		(819,061)		(631,710)
Ending units	—		935		53,542		86		5,052,491

**Date subaccount was no longer available for investment.

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		2/11/2022**		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(1,733,878)	$	(1,726)	$	(48,074)	$	(99,290)	$	(955,416)
Capital gains distributions received	—		19,298		—		—		—
Net realized gain (loss) on shares redeemed	7,689,346		8,711		1,625,297		14,075		6,363,569
Net change in unrealized appreciation (depreciation) on investments	(33,828,596)		(55,347)		(3,155,874)		(85,403)		(23,380,117)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(27,873,128)		(29,064)		(1,578,651)		(170,618)		(17,971,964)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	31,805		—		11,267		—		83,976
Annuity payments	—		—		—		—		(68,973)
Surrenders, withdrawals and death benefits	(7,578,569)		(35,564)		(190,496)		(490,930)		(3,245,584)
Net transfers between other subaccounts
or fixed rate option	(19,856,443)		—		(40,960,501)		8,845,937		(14,795,421)
Miscellaneous transactions	(794)		—		(93)		(1,590)		33
Other charges	(1,457,797)		(12)		(36,149)		(359)		(865,404)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(28,861,798)		(35,576)		(41,175,972)		8,353,058		(18,891,373)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(56,734,926)		(64,640)		(42,754,623)		8,182,440		(36,863,337)
NET ASSETS
Beginning of period	153,966,177		146,688		42,754,623		478,670		90,401,038
End of period	$	97,231,251	$	82,048	$	—	$	8,661,110	$	53,537,701
Beginning units	9,927,800		3,943		3,527,694		47,049		4,841,384
Units issued	2,271,940		—		16,134		976,350		1,979,391
Units redeemed	(4,560,609)		(1,120)		(3,543,828)		(138,029)		(3,294,683)
Ending units	7,639,131		2,823		—		885,370		3,526,092

**Date subaccount was no longer available for investment.

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		2/11/2022**		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(9,568)	$	(34,281)	$	(2,211)	$	(232,223)	$	(34,356,519)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(30,815)		6,995,539		(1,913)		2,065,379		21,537,606
Net change in unrealized appreciation (depreciation) on investments	(262,253)		(8,459,486)		(2,582)		(3,970,320)		(482,282,464)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(302,636)		(1,498,228)		(6,706)		(2,137,164)		(495,101,377)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	312,388		246,071		—		748,140		—
Annuity payments	—		—		—		—		(276,077)
Surrenders, withdrawals and death benefits	(193,453)		(226,789)		—		(2,024,538)		(147,237,477)
Net transfers between other subaccounts
or fixed rate option	(64,849)		(27,142,523)		162,149		(1,112,915)		—
Miscellaneous transactions	(39)		(292)		—		(3,188)		55,126
Other charges	(8,202)		(24,957)		—		(164,459)		(258,750)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	45,845		(27,148,490)		162,149		(2,556,960)		(147,717,178)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(256,791)		(28,646,718)		155,443		(4,694,124)		(642,818,555)
NET ASSETS
Beginning of period	1,589,222		28,646,718		—		22,737,560		2,234,643,259
End of period	$	1,332,431	$	—	$	155,443	$	18,043,436	$	1,591,824,704
Beginning units	137,501		1,224,947		—		933,332		170,627,275
Units issued	34,151		36,285		26,313		374,508		506,881
Units redeemed	(30,140)		(1,261,232)		(9,940)		(469,353)		(14,046,386)
Ending units	141,512		—		16,373		838,487		157,087,770

**Date subaccount was no longer available for investment.

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(361,334)	$	(5,474)	$	(3,102,701)	$	(93,946)	$	(120,507)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(788,405)		(8,135)		31,132,498		694,913		467,267
Net change in unrealized appreciation (depreciation) on investments	(6,296,790)		(5,150)		(89,858,914)		(3,637,508)		(4,456,070)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(7,446,529)		(18,759)		(61,829,117)		(3,036,541)		(4,109,310)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	345,706		—		27,880		648,899		381,488
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,826,104)		(111,344)		(7,969,178)		(928,187)		(1,951,538)
Net transfers between other subaccounts
or fixed rate option	(3,026,858)		284,484		(78,492,842)		(1,326,632)		(177,182)
Miscellaneous transactions	(833)		—		(8,037)		1,295		2,181
Other charges	(265,383)		(117)		(2,995,639)		(81,495)		(111,640)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(4,773,472)		173,023		(89,437,816)		(1,686,120)		(1,856,691)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(12,220,001)		154,264		(151,266,933)		(4,722,661)		(5,966,001)
NET ASSETS
Beginning of period	41,495,731		162,795		299,082,005		18,637,202		23,941,584
End of period	$	29,275,730	$	317,059	$	147,815,072	$	13,914,541	$	17,975,583
Beginning units	1,597,535		13,465		16,105,287		1,037,694		1,513,047
Units issued	315,907		47,607		8,573,779		57,038		76,746
Units redeemed	(537,971)		(31,328)		(14,835,100)		(151,118)		(205,050)
Ending units	1,375,471		29,744		9,843,966		943,614		1,384,743

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, 2022

	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(673,201)	$	(21,562)	$	(198,736)	$	(10,159)	$	(46,487)
Capital gains distributions received	—		—		—		—		128,120
Net realized gain (loss) on shares redeemed	4,626,643		(86,006)		(707,616)		5,451		(207,279)
Net change in unrealized appreciation (depreciation) on investments	(18,117,519)		(46,201)		(2,163,113)		(299,358)		(1,385,496)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(14,164,077)		(153,769)		(3,069,465)		(304,066)		(1,511,142)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	4,383		—		443,175		50,475		817,253
Annuity payments	—		—		(69,618)		—		—
Surrenders, withdrawals and death benefits	(2,993,110)		(1,799,472)		(1,602,310)		(49,131)		(681,697)
Net transfers between other subaccounts
or fixed rate option	(11,724,389)		2,261,049		(1,972,863)		(160,051)		(114,832)
Miscellaneous transactions	1,749		—		(31)		(14)		(335)
Other charges	(643,888)		(81)		(162,379)		(9,304)		(42,482)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(15,355,255)		461,496		(3,364,026)		(168,025)		(22,093)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(29,519,332)		307,727		(6,433,491)		(472,091)		(1,533,235)
NET ASSETS
Beginning of period	63,088,974		425,699		24,692,116		2,036,161		8,782,992
End of period	$	33,569,642	$	733,426	$	18,258,625	$	1,564,070	$	7,249,757
Beginning units	3,996,123		40,092		2,346,589		153,575		573,159
Units issued	1,948,787		292,835		513,942		10,373		80,732
Units redeemed	(3,256,685)		(253,508)		(867,413)		(25,352)		(79,651)
Ending units	2,688,225		79,419		1,993,118		138,596		574,240

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, 2022

	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
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	99,336	$	(31,829)	$	(4,010)	$	(118,301)	$	(442)
Capital gains distributions received	95,929		—		—		—		—
Net realized gain (loss) on shares redeemed	(13,729)		(76,611)		(3,920)		(71,964)		198
Net change in unrealized appreciation (depreciation) on investments	(645,218)		(130,150)		(82,067)		(807,977)		(77)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(463,682)		(238,590)		(89,997)		(998,242)		(321)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	215,285		—		237		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(192,132)		(451,408)		(19,256)		(244,532)		(1,529)
Net transfers between other subaccounts
or fixed rate option	10,971		1,019,688		15,876		1,621,598		54,606
Miscellaneous transactions	128		—		—		60		—
Other charges	(18,629)		(453)		(760)		(1,197)		(25)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	15,623		567,827		(3,903)		1,375,929		53,052
TOTAL INCREASE (DECREASE) IN NET ASSETS	(448,059)		329,237		(93,900)		377,687		52,731
NET ASSETS
Beginning of period	3,480,598		1,083,130		346,438		5,106,076		—
End of period	$	3,032,539	$	1,412,367	$	252,538	$	5,483,763	$	52,731
Beginning units	263,269		101,120		25,989		461,979		—
Units issued	28,007		160,567		2,024		246,737		15,209
Units redeemed	(24,435)		(106,975)		(2,335)		(119,620)		(9,579)
Ending units	266,841		154,712		25,678		589,096		5,630

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, 2022

	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 Bond Portfolio 2031
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(947,412)	$	(58,270)	$	(468,500)	$	(320,884)	$	(282,685)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	12,178,569		(56,283)		5,854,559		2,268,804		(481,402)
Net change in unrealized appreciation (depreciation) on investments	(34,037,868)		(520,630)		(14,469,666)		(7,411,627)		(2,449,824)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(22,806,711)		(635,183)		(9,083,607)		(5,463,707)		(3,213,911)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	8,357		—		3,423		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,274,533)		(420,775)		(689,148)		(514,132)		(2,041,041)
Net transfers between other subaccounts
or fixed rate option	(42,309,469)		605,747		(17,453,738)		(10,189,061)		6,402,431
Miscellaneous transactions	353		62		(512)		139		479
Other charges	(921,089)		(969)		(442,712)		(257,608)		(4,323)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(44,496,381)		184,065		(18,582,687)		(10,960,662)		4,357,546
TOTAL INCREASE (DECREASE) IN NET ASSETS	(67,303,092)		(451,118)		(27,666,294)		(16,424,369)		1,143,635
NET ASSETS
Beginning of period	104,103,613		3,266,838		46,632,027		30,671,411		11,043,601
End of period	$	36,800,521	$	2,815,720	$	18,965,733	$	14,247,042	$	12,187,236
Beginning units	6,706,188		275,646		2,870,282		2,078,707		1,067,051
Units issued	5,041,974		118,154		2,385,789		1,155,359		1,012,949
Units redeemed	(8,777,198)		(101,120)		(3,850,476)		(2,073,582)		(602,278)
Ending units	2,970,964		292,680		1,405,595		1,160,484		1,477,722

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, 2022

	SUBACCOUNTS
	MFS® International Growth Portfolio (Service Class)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)		MFS® Technology Portfolio (Service Class)		MFS® Mid Cap Growth Series (Service Class)		MFS® New Discovery Series (Service Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(674)	$	(1,076)	$	(18,686)	$	(4,895)	$	(1,818)
Capital gains distributions received	31,841		30,422		338,125		142,118		120,391
Net realized gain (loss) on shares redeemed	(9,621)		(16,893)		(137,995)		(73,669)		(28,425)
Net change in unrealized appreciation (depreciation) on investments	(118,338)		(45,418)		(1,724,053)		(408,357)		(232,610)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(96,792)		(32,965)		(1,542,609)		(344,803)		(142,462)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	175,464		131,418		1,493,680		320,219		45,084
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(15,879)		(19,292)		(117,604)		(108,329)		(10,296)
Net transfers between other subaccounts
or fixed rate option	(44,793)		55,652		(54,650)		(26,122)		(40,752)
Miscellaneous transactions	—		—		(251)		(38)		—
Other charges	(2,965)		(1,038)		(18,575)		(5,036)		(2,039)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	111,827		166,740		1,302,600		180,694		(8,003)
TOTAL INCREASE (DECREASE) IN NET ASSETS	15,035		133,775		(240,009)		(164,109)		(150,465)
NET ASSETS
Beginning of period	604,619		137,484		3,622,737		1,101,999		452,087
End of period	$	619,654	$	271,259	$	3,382,728	$	937,890	$	301,622
Beginning units	41,369		8,113		219,753		65,807		26,745
Units issued	13,905		19,646		144,948		29,846		4,124
Units redeemed	(5,042)		(7,747)		(43,107)		(16,583)		(5,264)
Ending units	50,232		20,012		321,594		79,070		25,605

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, 2022

	SUBACCOUNTS
	MFS® Research Series (Service Class)		MFS® Total Return Bond Series (Service Class)		MFS® Total Return Series (Service Class)		MFS® Utilities Series (Service Class)		American Funds IS Asset Allocation Fund (Class 4)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(414)	$	79,346	$	14,139	$	47,209	$	40,619
Capital gains distributions received	16,202		47,243		126,448		106,936		337,683
Net realized gain (loss) on shares redeemed	1,028		(58,045)		(7,203)		17,655		(42,152)
Net change in unrealized appreciation (depreciation) on investments	(42,778)		(643,043)		(252,478)		(136,800)		(802,268)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(25,962)		(574,499)		(119,094)		35,000		(466,118)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	6,678		1,821,605		497,941		948,958		1,220,165
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(2,358)		(225,817)		(20,131)		(154,306)		(213,341)
Net transfers between other subaccounts
or fixed rate option	(11,081)		(120,042)		79,808		265,172		19,073
Miscellaneous transactions	—		(21)		79		(583)		69
Other charges	(608)		(21,278)		(7,096)		(12,963)		(18,733)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(7,369)		1,454,447		550,601		1,046,278		1,007,233
TOTAL INCREASE (DECREASE) IN NET ASSETS	(33,331)		879,948		431,507		1,081,278		541,115
NET ASSETS
Beginning of period	150,686		3,318,462		1,047,234		1,906,035		2,900,549
End of period	$	117,355	$	4,198,410	$	1,478,741	$	2,987,313	$	3,441,664
Beginning units	9,372		314,128		77,109		138,529		233,538
Units issued	443		204,080		51,857		107,384		125,697
Units redeemed	(931)		(52,571)		(7,531)		(28,663)		(36,516)
Ending units	8,884		465,637		121,435		217,250		322,719

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, 2022

	SUBACCOUNTS
	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)		American Funds IS Growth Fund (Class 4)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	25,868	$	94,392	$	14,071	$	(1,064)	$	(21,477)
Capital gains distributions received	426,612		33,069		149,102		73,926		696,699
Net realized gain (loss) on shares redeemed	(13,286)		(43,130)		(6,707)		(8,234)		(92,200)
Net change in unrealized appreciation (depreciation) on investments	(594,235)		(441,042)		(260,567)		(144,378)		(2,302,626)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(155,041)		(356,711)		(104,101)		(79,750)		(1,719,604)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	470,852		1,822,391		298,169		59,737		1,291,763
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(136,128)		(228,236)		(56,512)		(7,895)		(160,976)
Net transfers between other subaccounts
or fixed rate option	244,338		1,012,045		97,572		(22,177)		84,129
Miscellaneous transactions	1,401		(1,431)		(2)		—		331
Other charges	(10,933)		(16,729)		(3,774)		(1,109)		(26,765)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	569,530		2,588,040		335,453		28,556		1,188,482
TOTAL INCREASE (DECREASE) IN NET ASSETS	414,489		2,231,329		231,352		(51,194)		(531,122)
NET ASSETS
Beginning of period	1,668,623		1,916,073		558,632		255,380		5,107,845
End of period	$	2,083,112	$	4,147,402	$	789,984	$	204,186	$	4,576,723
Beginning units	118,330		191,283		43,234		19,365		344,850
Units issued	61,543		336,850		37,434		6,346		128,495
Units redeemed	(17,139)		(50,957)		(6,119)		(3,579)		(28,651)
Ending units	162,734		477,176		74,549		22,132		444,694

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, 2022

	SUBACCOUNTS
	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)		BlackRock Advantage Large Cap Value V.I. Fund (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	9,380	$	2,876	$	4,597	$	2,575	$	6,388
Capital gains distributions received	153,335		34,479		69,103		10,102		14,700
Net realized gain (loss) on shares redeemed	(21,777)		(8,244)		(16,981)		(46,844)		(97,269)
Net change in unrealized appreciation (depreciation) on investments	(397,570)		(77,067)		(246,635)		(106,035)		(10,197)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(256,632)		(47,956)		(189,916)		(140,202)		(86,378)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	522,115		132,276		236,970		392,649		180,381
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(53,556)		(9,563)		(18,733)		(3,940)		(11,542)
Net transfers between other subaccounts
or fixed rate option	206,642		6,715		(8,238)		(29,098)		(402,876)
Miscellaneous transactions	5,207		744		(212)		61		(4)
Other charges	(8,354)		(1,209)		(4,267)		(3,856)		(3,849)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	672,054		128,963		205,520		355,816		(237,890)
TOTAL INCREASE (DECREASE) IN NET ASSETS	415,422		81,007		15,604		215,614		(324,268)
NET ASSETS
Beginning of period	1,189,591		176,259		752,797		639,979		998,389
End of period	$	1,605,013	$	257,266	$	768,401	$	855,593	$	674,121
Beginning units	87,357		15,043		60,656		44,763		70,595
Units issued	74,664		16,917		26,140		41,943		19,027
Units redeemed	(19,708)		(4,027)		(6,716)		(11,390)		(37,252)
Ending units	142,313		27,933		80,080		75,316		52,370

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, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP Contrafund® Portfolio (Service Class 2)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(2,865)	$	17,706	$	(3,364)	$	28,329	$	(12,713)
Capital gains distributions received	26,461		220,900		29,153		254,302		222,851
Net realized gain (loss) on shares redeemed	(22,801)		(14,302)		(354,188)		(34,219)		(71,083)
Net change in unrealized appreciation (depreciation) on investments	(255,565)		(297,388)		(127,800)		(1,174,263)		(1,543,933)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(254,770)		(73,084)		(456,199)		(925,851)		(1,404,878)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	213,448		591,049		215,090		1,155,969		943,187
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(49,893)		(44,297)		(43,726)		(373,019)		(206,763)
Net transfers between other subaccounts
or fixed rate option	12,439		280,768		(973,485)		592,415		(124,129)
Miscellaneous transactions	(960)		(917)		(70)		17		(2,776)
Other charges	(3,066)		(8,666)		(2,919)		(26,157)		(25,076)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	171,968		817,937		(805,110)		1,349,225		584,443
TOTAL INCREASE (DECREASE) IN NET ASSETS	(82,802)		744,853		(1,261,309)		423,374		(820,435)
NET ASSETS
Beginning of period	589,872		1,151,944		1,795,088		4,688,464		5,007,430
End of period	$	507,070	$	1,896,797	$	533,779	$	5,111,838	$	4,186,995
Beginning units	42,304		85,412		134,303		357,784		359,559
Units issued	21,944		75,973		35,134		162,037		100,539
Units redeemed	(5,443)		(13,914)		(104,422)		(40,432)		(48,815)
Ending units	58,805		147,471		65,015		479,389		411,283

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, 2022

	SUBACCOUNTS
	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		PSF Global Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(14,875)	$	(20,943)	$	4,063	$	(150,496)	$	(152)
Capital gains distributions received	424,665		205,507		47,112		—		—
Net realized gain (loss) on shares redeemed	(167,977)		(85,717)		(12,997)		(198,870)		(248)
Net change in unrealized appreciation (depreciation) on investments	(1,591,798)		(563,463)		(56,726)		(1,517,596)		(3,316)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,349,985)		(464,616)		(18,548)		(1,866,962)		(3,716)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,255,642		1,064,053		256,300		—		47,662
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(83,890)		(189,192)		(7,747)		(881,807)		(1,234)
Net transfers between other subaccounts
or fixed rate option	5,254		(166,614)		7,675		3,849,800		209
Miscellaneous transactions	(3,594)		(328)		(432)		(25)		—
Other charges	(15,483)		(20,617)		(1,585)		(2,629)		(150)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,157,929		687,302		254,211		2,965,339		46,487
TOTAL INCREASE (DECREASE) IN NET ASSETS	(192,056)		222,686		235,663		1,098,377		42,771
NET ASSETS
Beginning of period	2,985,126		3,595,560		248,280		5,770,627		15,846
End of period	$	2,793,070	$	3,818,246	$	483,943	$	6,869,004	$	58,617
Beginning units	217,219		297,831		17,876		621,441		1,489
Units issued	152,070		140,898		27,616		690,547		5,519
Units redeemed	(38,201)		(74,640)		(8,576)		(366,826)		(158)
Ending units	331,088		364,089		36,916		945,162		6,850

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, 2022

	SUBACCOUNTS
	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)		PSF PGIM Government Income Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(1,264)	$	(4,014)	$	(8,072)	$	(3,535)	$	(2,689)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(914)		15,160		(15,810)		(3,055)		(3,356)
Net change in unrealized appreciation (depreciation) on investments	(76,953)		103,010		(205,256)		(81,551)		(16,148)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(79,131)		114,156		(229,138)		(88,141)		(22,193)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	64,730		418,804		1,108,130		609,416		102,177
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(32,730)		(19,955)		(8,025)		(32,779)
Net transfers between other subaccounts
or fixed rate option	4,933		340,522		7,888		29,466		1,413,345
Miscellaneous transactions	(125)		(130)		(2,545)		457		(6)
Other charges	(1,447)		(3,953)		(7,977)		(3,570)		(2,886)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	68,091		722,513		1,085,541		627,744		1,479,851
TOTAL INCREASE (DECREASE) IN NET ASSETS	(11,040)		836,669		856,403		539,603		1,457,658
NET ASSETS
Beginning of period	270,642		321,180		823,977		406,721		94,301
End of period	$	259,602	$	1,157,849	$	1,680,380	$	946,324	$	1,551,959
Beginning units	26,426		29,219		76,749		37,729		9,559
Units issued	8,863		76,159		130,609		70,657		178,819
Units redeemed	(309)		(18,475)		(22,445)		(4,603)		(5,239)
Ending units	34,980		86,903		184,913		103,783		183,139

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, 2022

	SUBACCOUNTS
	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)		PSF PGIM Jennison Value Portfolio (Class III)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(10,781)	$	(1,035)	$	(261)	$	(9,071)	$	(2,711)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(17,192)		(5,140)		(94)		(35,438)		(3,625)
Net change in unrealized appreciation (depreciation) on investments	(189,842)		(50,610)		(8,141)		(622,620)		(18,685)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(217,815)		(56,785)		(8,496)		(667,129)		(25,021)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,275,048		149,590		27,106		1,550,550		405,551
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(46,885)		(3,046)		(831)		(37,597)		(17,978)
Net transfers between other subaccounts
or fixed rate option	55,216		9,273		35,788		174,648		169,873
Miscellaneous transactions	385		105		(481)		(3,233)		—
Other charges	(10,876)		(1,048)		(256)		(9,099)		(2,753)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,272,888		154,874		61,326		1,675,269		554,693
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,055,073		98,089		52,830		1,008,140		529,672
NET ASSETS
Beginning of period	1,418,146		174,740		11,295		1,003,607		234,999
End of period	$	2,473,219	$	272,829	$	64,125	$	2,011,747	$	764,671
Beginning units	137,008		15,709		1,058		90,747		21,217
Units issued	159,481		22,594		7,215		220,189		59,647
Units redeemed	(25,361)		(5,308)		(131)		(17,197)		(5,282)
Ending units	271,128		32,995		8,142		293,739		75,582

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, 2022

	SUBACCOUNTS
	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 Class)		MFS® International Intrinsic Value Portfolio (Initial Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(12,838)	$	(8,274)	$	(29,303)	$	(70)	$	163
Capital gains distributions received	—		—		—		13,884		1,920
Net realized gain (loss) on shares redeemed	(24,527)		(16,921)		(13,827)		(997)		(201)
Net change in unrealized appreciation (depreciation) on investments	(302,964)		(241,792)		(988,841)		(23,486)		(13,077)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(340,329)		(266,987)		(1,031,971)		(10,669)		(11,195)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,647,453		760,303		1,631,092		169,017		21,767
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(163,239)		(80,019)		(168,192)		(2,920)		(441)
Net transfers between other subaccounts
or fixed rate option	383,463		64,319		358,504		(218)		—
Miscellaneous transactions	15		(39)		(3,109)		54		—
Other charges	(13,066)		(8,653)		(30,754)		(353)		(3)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,854,626		735,911		1,787,541		165,580		21,323
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,514,297		468,924		755,570		154,911		10,128
NET ASSETS
Beginning of period	1,560,360		1,226,465		4,911,289		49,463		44,611
End of period	$	3,074,657	$	1,695,389	$	5,666,859	$	204,374	$	54,739
Beginning units	153,728		117,986		430,002		3,017		3,400
Units issued	244,225		95,839		208,058		12,962		2,127
Units redeemed	(39,310)		(17,236)		(25,660)		(944)		(47)
Ending units	358,643		196,589		612,400		15,035		5,480

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, 2022

	SUBACCOUNTS
	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)		Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	(46)	$	376	$	(138)	$	(67)	$	(45)
Capital gains distributions received	1,670		—		585		—		2,665
Net realized gain (loss) on shares redeemed	(410)		(294)		(3,679)		(6,896)		(202)
Net change in unrealized appreciation (depreciation) on investments	(5,677)		(4,928)		(10,965)		(4,158)		(14,379)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,463)		(4,846)		(14,197)		(11,121)		(11,961)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(586)		(1,231)		(277)		—		(341)
Net transfers between other subaccounts
or fixed rate option	—		—		(8,532)		(53,551)		—
Miscellaneous transactions	—		—		—		—		—
Other charges	(6)		(12)		(3)		—		(3)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(592)		(1,243)		(8,812)		(53,551)		(344)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(5,055)		(6,089)		(23,009)		(64,672)		(12,305)
NET ASSETS
Beginning of period	15,438		27,776		55,097		64,672		44,778
End of period	$	10,383	$	21,687	$	32,088	$	—	$	32,473
Beginning units	1,066		2,679		3,607		4,321		3,381
Units issued	—		—		482		—		—
Units redeemed	(57)		(142)		(1,125)		(4,321)		(37)
Ending units	1,009		2,537		2,964		—		3,344

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, 2022

	SUBACCOUNTS
	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)		American Funds IS U.S. Government Securities Fund® (Class 1)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	58	$	1,220	$	260	$	(1,035)	$	3,338
Capital gains distributions received	4,071		—		3,560		14,525		—
Net realized gain (loss) on shares redeemed	(989)		(728)		(20)		(2,152)		(1,212)
Net change in unrealized appreciation (depreciation) on investments	(14,248)		(19,668)		(6,173)		(145,703)		(15,077)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(11,108)		(19,176)		(2,373)		(134,365)		(12,951)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		10,342		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(752)		(983)		(312)		(2,680)		(1,280)
Net transfers between other subaccounts
or fixed rate option	(2,650)		2,133		—		10,397		(6,160)
Miscellaneous transactions	—		—		—		—		—
Other charges	(4)		(6)		(3)		(17)		(6)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(3,406)		11,486		(315)		7,700		(7,446)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(14,514)		(7,690)		(2,688)		(126,665)		(20,397)
NET ASSETS
Beginning of period	73,826		92,921		47,928		346,279		117,900
End of period	$	59,312	$	85,231	$	45,240	$	219,614	$	97,503
Beginning units	5,110		7,197		3,212		22,555		11,077
Units issued	—		1,316		—		935		14
Units redeemed	(275)		(216)		(23)		(286)		(750)
Ending units	4,835		8,297		3,189		23,204		10,341

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, 2022

	SUBACCOUNTS
	American Funds IS The Bond Fund of America® (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio		Vanguard Mid-Cap Index Portfolio
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	292	$	1,113	$	810	$	769	$	537
Capital gains distributions received	144		38,099		18,312		1,098		13,271
Net realized gain (loss) on shares redeemed	(115)		(1,948)		(540)		(689)		(2,955)
Net change in unrealized appreciation (depreciation) on investments	(2,110)		(103,103)		(45,813)		(8,263)		(37,491)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,789)		(65,839)		(27,231)		(7,085)		(26,638)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		41,598		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(651)		(1,851)		(2,402)		(29)		(21)
Net transfers between other subaccounts
or fixed rate option	—		29,714		(10,258)		24,422		(6,858)
Miscellaneous transactions	—		—		—		—		—
Other charges	(6)		(9)		(13)		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(657)		69,452		(12,673)		24,393		(6,879)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,446)		3,613		(39,904)		17,308		(33,517)
NET ASSETS
Beginning of period	13,958		195,869		229,024		23,867		141,012
End of period	$	11,512	$	199,482	$	189,120	$	41,175	$	107,495
Beginning units	1,321		13,199		16,138		1,968		10,063
Units issued	1		6,370		—		2,547		726
Units redeemed	(70)		(177)		(969)		(441)		(1,268)
Ending units	1,252		19,392		15,169		4,074		9,521

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, 2022

	SUBACCOUNTS
	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)		ClearBridge Variable Dividend Strategy Portfolio (Class I)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	514	$	299	$	1,868	$	(179)	$	1,328
Capital gains distributions received	2,137		147		5,432		14,184		11,210
Net realized gain (loss) on shares redeemed	(61)		(151)		(5,438)		(1,093)		(133)
Net change in unrealized appreciation (depreciation) on investments	(7,193)		(2,271)		(18,526)		(30,202)		(24,420)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,603)		(1,976)		(16,664)		(17,290)		(12,015)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(638)		(1,313)		(526)		(897)
Net transfers between other subaccounts
or fixed rate option	(47,282)		—		(3,485)		5,337		—
Miscellaneous transactions	(1)		—		—		—		—
Other charges	—		(6)		(6)		(3)		(9)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(47,283)		(644)		(4,804)		4,808		(906)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(51,886)		(2,620)		(21,468)		(12,482)		(12,921)
NET ASSETS
Beginning of period	55,313		13,930		117,910		54,618		141,703
End of period	$	3,427	$	11,310	$	96,442	$	42,136	$	128,782
Beginning units	3,823		1,340		11,199		3,868		10,611
Units issued	292		—		2,321		510		—
Units redeemed	(3,823)		(71)		(2,953)		(113)		(75)
Ending units	292		1,269		10,567		4,265		10,536

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, 2022

	SUBACCOUNTS
	MFS® Utilities Series (Initial Class)		Vanguard Real Estate Index Portfolio		Vanguard Total Bond Market Index Portfolio		Vanguard Equity Income Portfolio		Vanguard High Yield Bond Portfolio
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	221	$	(69)	$	243	$	2,350	$	870
Capital gains distributions received	420		77		144		13,692		—
Net realized gain (loss) on shares redeemed	(4)		(19)		(14)		(140)		(12)
Net change in unrealized appreciation (depreciation) on investments	95		(4,148)		(2,762)		(15,213)		(1,953)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	732		(4,159)		(2,389)		689		(1,095)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	19,523		—		20,799		103,994		20,799
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(63)		(11)		—		(101)		—
Net transfers between other subaccounts
or fixed rate option	—		26,797		10,690		27,678		1,086
Miscellaneous transactions	1		—		—		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	19,461		26,786		31,489		131,571		21,885
TOTAL INCREASE (DECREASE) IN NET ASSETS	20,193		22,627		29,100		132,260		20,790
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	20,193	$	22,627	$	29,100	$	132,260	$	20,790
Beginning units	—		—		—		—		—
Units issued	1,811		2,522		3,331		10,637		2,171
Units redeemed	(8)		(1)		—		(9)		—
Ending units	1,803		2,521		3,331		10,628		2,171

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 2022

	SUBACCOUNTS
	Vanguard Short-Term Investment Grade Portfolio		PSF Natural Resources Portfolio (Class I)		Vanguard Total Stock Market Index Portfolio		Vanguard Balanced Portfolio		Vanguard Growth Portfolio
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	387	$	(142)	$	(480)	$	(12)	$	(789)
Capital gains distributions received	318		—		—		—		39,400
Net realized gain (loss) on shares redeemed	(13)		18		(54)		—		(416)
Net change in unrealized appreciation (depreciation) on investments	(2,150)		6,033		(12,264)		(214)		(65,902)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,458)		5,909		(12,798)		(226)		(27,707)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	41,597		64,752		—		—		103,994
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(263)		—		—		(92)
Net transfers between other subaccounts
or fixed rate option	—		—		101,478		4,530		30,763
Miscellaneous transactions	—		7		—		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	41,597		64,496		101,478		4,530		134,665
TOTAL INCREASE (DECREASE) IN NET ASSETS	40,139		70,405		88,680		4,304		106,958
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	40,139	$	70,405	$	88,680	$	4,304	$	106,958
Beginning units	—		—		—		—		—
Units issued	4,204		4,021		7,712		399		10,598
Units redeemed	—		(19)		—		—		(9)
Ending units	4,204		4,002		7,712		399		10,589

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 2022

	SUBACCOUNTS
	DFA VA International Value Portfolio		Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)		American Funds IS Washington Mutual Investors Fund℠ (Class 1)		American Funds IS Growth Fund (Class 1)		American Funds IS Growth-Income Fund (Class 1)
	1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***		1/1/2022***
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022
OPERATIONS
Net investment income (loss)	$	1,040	$	260	$	169	$	33	$	120
Capital gains distributions received	319		—		—		—		—
Net realized gain (loss) on shares redeemed	(21)		(1)		1		—		2
Net change in unrealized appreciation (depreciation) on investments	(781)		(117)		790		106		617
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	557		142		960		139		739
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	28,785		7,168		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(107)		—		—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		10,039		10,038		10,037
Miscellaneous transactions	2		1		—		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	28,680		7,169		10,039		10,038		10,037
TOTAL INCREASE (DECREASE) IN NET ASSETS	29,237		7,311		10,999		10,177		10,776
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	29,237	$	7,311	$	10,999	$	10,177	$	10,776
Beginning units	—		—		—		—		—
Units issued	2,556		694		885		867		952
Units redeemed	(12)		(2)		—		—		—
Ending units	2,544		692		885		867		952

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 2022

	SUBACCOUNT
	Fidelity® VIP Technology Portfolio (Initial Class)
	1/1/2022***
	to
	12/31/2022
OPERATIONS
Net investment income (loss)	$	(5)
Capital gains distributions received	—
Net realized gain (loss) on shares redeemed	—
Net change in unrealized appreciation (depreciation) on investments	61
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	56
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—
Annuity payments	—
Surrenders, withdrawals and death benefits	—
Net transfers between other subaccounts
or fixed rate option	5,019
Miscellaneous transactions	—
Other charges	—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	5,019
TOTAL INCREASE (DECREASE) IN NET ASSETS	5,075
NET ASSETS
Beginning of period	—
End of period	$	5,075
Beginning units	—
Units issued	415
Units redeemed	—
Ending units	415

***Subaccount became available for investment prior to 2022 but had no activity until 2022.

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, 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.

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, 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.

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, 2021

	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Portfolio 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.

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, 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.

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, 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.

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, 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.

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, 2021

	SUBACCOUNTS
	AST Small-Cap Value Portfolio		AST Mid-Cap Growth Portfolio		AST Large-Cap Value Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio		AST MFS 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)	$	(188,347)	$	(958,593)	$	(508,579)	$	(857,571)	$	(365,185)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	2,282,195		7,581,942		5,687,658		7,152,711		4,295,287
Net change in unrealized appreciation (depreciation) on investments	1,693,419		(15,596)		4,713,056		3,612,042		2,122,760
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	3,787,267		6,607,753		9,892,135		9,907,182		6,052,862
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	195,613		1,003,915		902,742		566,083		1,031,513
Annuity payments	—		(23,323)		—		(6,150)		—
Surrenders, withdrawals and death benefits	(1,343,475)		(6,627,097)		(2,679,447)		(4,741,039)		(3,128,170)
Net transfers between other subaccounts
or fixed rate option	(1,250,387)		(698,830)		(4,028,849)		(1,497,313)		(816,354)
Miscellaneous transactions	1,118		3,273		(1,561)		83		(3,756)
Other charges	(119,194)		(592,541)		(312,532)		(518,716)		(208,974)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,516,325)		(6,934,603)		(6,119,647)		(6,197,052)		(3,125,741)
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,270,942		(326,850)		3,772,488		3,710,130		2,927,121
NET ASSETS
Beginning of period	13,817,785		74,072,266		38,727,481		60,329,947		28,722,665
End of period	$	15,088,727	$	73,745,416	$	42,499,969	$	64,040,077	$	31,649,786
Beginning units	676,787		2,254,617		1,782,575		1,548,528		774,427
Units issued	164,887		364,124		388,561		236,630		227,151
Units redeemed	(275,059)		(510,397)		(596,629)		(338,795)		(262,763)
Ending units	566,615		2,108,344		1,574,507		1,446,363		738,815

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, 2021

	SUBACCOUNTS
	AST Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio		AST T. Rowe Price Natural Resources Portfolio		AST T. Rowe Price Asset Allocation Portfolio		AST MFS Global Equity 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)	$	(576,849)	$	(299,699)	$	(389,347)	$	(18,995,023)	$	(478,086)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,099,704		324,761		3,671,509		87,796,953		3,216,058
Net change in unrealized appreciation (depreciation) on investments	8,221,125		(502,499)		2,498,661		63,746,558		2,843,430
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	11,743,980		(477,437)		5,780,823		132,548,488		5,581,402
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	761,249		1,973,763		244,887		1,208,370		656,508
Annuity payments	(12,848)		—		(28,957)		(400,172)		—
Surrenders, withdrawals and death benefits	(3,018,330)		(2,384,795)		(2,170,976)		(97,504,357)		(2,645,798)
Net transfers between other subaccounts
or fixed rate option	4,709,684		1,666,570		(3,154,227)		371,193,953		(2,138,087)
Miscellaneous transactions	12,836		463		12,373		(26,986)		(727)
Other charges	(373,385)		(183,414)		(272,560)		(13,484,630)		(304,051)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,079,206		1,072,587		(5,369,460)		260,986,178		(4,432,155)
TOTAL INCREASE (DECREASE) IN NET ASSETS	13,823,186		595,150		411,363		393,534,666		1,149,247
NET ASSETS
Beginning of period	33,857,871		27,527,863		27,662,454		1,205,420,916		38,256,152
End of period	$	47,681,057	$	28,123,013	$	28,073,817	$	1,598,955,582	$	39,405,399
Beginning units	1,603,567		2,574,321		2,755,797		60,620,266		1,528,355
Units issued	680,833		1,084,608		912,796		22,187,317		184,079
Units redeemed	(548,955)		(991,702)		(1,398,953)		(10,414,060)		(332,330)
Ending units	1,735,445		2,667,227		2,269,640		72,393,523		1,380,104

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, 2021

	SUBACCOUNTS
	AST J.P. Morgan International Equity Portfolio		AST Wellington Management Hedged Equity Portfolio		AST Capital Growth Asset Allocation Portfolio		AST Academic Strategies Asset Allocation Portfolio		AST Balanced 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)	$	(414,913)	$	(2,282,236)	$	(12,542,642)	$	(4,132,256)	$	(11,560,108)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,743,094		9,532,830		49,403,892		12,978,186		56,252,821
Net change in unrealized appreciation (depreciation) on investments	1,292,006		7,687,918		79,689,535		17,265,403		37,900,073
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	2,620,187		14,938,512		116,550,785		26,111,333		82,592,786
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	53,180		311,591		701,711		127,881		961,124
Annuity payments	(953)		(11,078)		(44,595)		(49,059)		(425,747)
Surrenders, withdrawals and death benefits	(2,416,549)		(10,654,974)		(47,415,633)		(19,883,817)		(67,231,795)
Net transfers between other subaccounts
or fixed rate option	630,313		(1,402,148)		(13,752,915)		(5,658,458)		(12,950,539)
Miscellaneous transactions	(78)		(1,675)		(33,790)		(5,420)		(35,644)
Other charges	(270,435)		(1,677,567)		(7,978,796)		(2,344,371)		(7,490,090)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,004,522)		(13,435,851)		(68,524,018)		(27,813,244)		(87,172,691)
TOTAL INCREASE (DECREASE) IN NET ASSETS	615,665		1,502,661		48,026,767		(1,701,911)		(4,579,905)
NET ASSETS
Beginning of period	28,580,531		149,134,863		795,758,980		257,723,901		774,354,120
End of period	$	29,196,196	$	150,637,524	$	843,785,747	$	256,021,990	$	769,774,215
Beginning units	1,750,414		9,364,242		38,270,208		17,948,957		40,432,198
Units issued	218,224		997,259		1,860,325		1,517,793		2,079,658
Units redeemed	(341,592)		(1,839,920)		(4,965,921)		(3,421,548)		(6,467,269)
Ending units	1,627,046		8,521,581		35,164,612		16,045,202		36,044,587

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, 2021

	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio		AST Prudential Growth Allocation Portfolio		AST Advanced Strategies Portfolio		AST Large-Cap Growth Portfolio		AST Government Money Market 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)	$	(7,029,709)	$	(16,691,756)	$	(9,707,149)	$	(1,598,828)	$	(510,065)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	30,697,669		64,340,942		54,865,376		15,676,654		—
Net change in unrealized appreciation (depreciation) on investments	(1,897,994)		111,254,273		30,925,419		5,571,685		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	21,769,966		158,903,459		76,083,646		19,649,511		(510,065)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,975,605		470,511		295,899		5,464,410		6,992,528
Annuity payments	(328,555)		(308,898)		(186,560)		(11,429)		(12,441)
Surrenders, withdrawals and death benefits	(41,802,340)		(86,591,083)		(54,062,263)		(11,834,391)		(104,533,985)
Net transfers between other subaccounts
or fixed rate option	606,664		(21,483,775)		(12,318,858)		300,586		92,735,195
Miscellaneous transactions	(24,833)		(24,334)		(1,900)		5,208		5,120
Other charges	(4,847,074)		(12,273,396)		(6,873,530)		(961,685)		(268,427)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(44,420,533)		(120,210,975)		(73,147,212)		(7,037,301)		(5,082,010)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(22,650,567)		38,692,484		2,936,434		12,612,210		(5,592,075)
NET ASSETS
Beginning of period	485,013,286		1,106,366,442		650,283,383		125,572,430		53,122,582
End of period	$	462,362,719	$	1,145,058,926	$	653,219,817	$	138,184,640	$	47,530,507
Beginning units	29,998,214		59,218,690		32,733,264		2,941,444		5,655,035
Units issued	3,512,804		3,885,438		2,278,866		731,779		7,970,716
Units redeemed	(6,363,543)		(10,063,380)		(5,871,408)		(629,648)		(8,556,970)
Ending units	27,147,475		53,040,748		29,140,722		3,043,575		5,068,781

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, 2021

	SUBACCOUNTS
	AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio		AST International Value Portfolio		AST International Growth Portfolio		AST Investment Grade 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)	$	(437,492)	$	(2,751,041)	$	(171,388)	$	(343,576)	$	(1,083,643)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	4,387,015		4,613,725		756,596		2,777,190		2,301,368
Net change in unrealized appreciation (depreciation) on investments	(2,763,221)		(6,830,784)		339,074		770,214		(3,950,326)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,186,302		(4,968,100)		924,282		3,203,828		(2,732,601)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	760,970		2,576,031		383,600		795,610		—
Annuity payments	—		(82,064)		—		—		(133,197)
Surrenders, withdrawals and death benefits	(2,705,850)		(18,238,746)		(1,613,991)		(1,770,155)		(5,248,294)
Net transfers between other subaccounts
or fixed rate option	1,118,925		23,117,419		120,709		(280,004)		(2,878,665)
Miscellaneous transactions	3,073		2,975		1,970		8,951		144
Other charges	(249,881)		(1,787,279)		(103,590)		(232,174)		(970,020)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,072,763)		5,588,336		(1,211,302)		(1,477,772)		(9,230,032)
TOTAL INCREASE (DECREASE) IN NET ASSETS	113,539		620,236		(287,020)		1,726,056		(11,962,633)
NET ASSETS
Beginning of period	33,902,124		199,391,118		14,824,392		28,471,435		84,250,993
End of period	$	34,015,663	$	200,011,354	$	14,537,372	$	30,197,491	$	72,288,360
Beginning units	903,204		15,205,472		1,158,732		1,291,440		4,906,327
Units issued	242,196		3,756,701		201,999		272,520		4,158,280
Units redeemed	(235,286)		(3,418,207)		(299,499)		(322,001)		(4,697,796)
Ending units	910,114		15,543,966		1,061,232		1,241,959		4,366,811

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, 2021

	SUBACCOUNTS
	AST Core Fixed Income Portfolio		AST Cohen & Steers Global Realty Portfolio		AST Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST Moderate 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		12/31/2021
OPERATIONS
Net investment income (loss)	$	(1,755,748)	$	(131,131)	$	(430,047)	$	(487,997)	$	(6,078,947)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	3,498,345		658,450		1,769,310		4,637,974		26,550,742
Net change in unrealized appreciation (depreciation) on investments	(6,537,221)		1,720,566		(1,648,410)		4,468,150		17,456,112
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,794,624)		2,247,885		(309,147)		8,618,127		37,927,907
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,318,950		189,417		384,467		598,677		134,812
Annuity payments	(23,630)		(31,359)		(11,607)		(13,172)		(17,601)
Surrenders, withdrawals and death benefits	(12,642,048)		(438,577)		(2,310,800)		(2,655,497)		(31,998,271)
Net transfers between other subaccounts
or fixed rate option	14,131,576		(742,322)		1,785,175		(4,728,426)		(5,328,156)
Miscellaneous transactions	1,166		330		6,651		564		132
Other charges	(1,166,914)		(80,801)		(307,953)		(317,238)		(4,531,135)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,619,100		(1,103,312)		(454,067)		(7,115,092)		(41,740,219)
TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,175,524)		1,144,573		(763,214)		1,503,035		(3,812,312)
NET ASSETS
Beginning of period	137,137,998		9,327,365		32,397,019		36,839,870		411,854,914
End of period	$	134,962,474	$	10,471,938	$	31,633,805	$	38,342,905	$	408,042,602
Beginning units	9,361,656		552,177		2,954,029		1,573,285		24,256,955
Units issued	2,385,352		68,672		601,829		224,719		1,582,486
Units redeemed	(2,208,167)		(122,745)		(649,901)		(462,995)		(4,007,196)
Ending units	9,538,841		498,104		2,905,957		1,335,009		21,832,245

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, 2021

	SUBACCOUNTS
	AST J.P. Morgan Global Thematic Portfolio		ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care
	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)	$	(3,557,708)	$	(8,778)	$	(969)	$	(3,884)	$	(6,238)
Capital gains distributions received	—		46,984		5,516		22,231		38,130
Net realized gain (loss) on shares redeemed	15,866,032		779		3,877		24,109		7,041
Net change in unrealized appreciation (depreciation) on investments	12,517,776		11,403		7,334		40,934		45,693
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	24,826,100		50,388		15,758		83,390		84,626
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	92,783		—		—		—		—
Annuity payments	(84,857)		—		—		—		—
Surrenders, withdrawals and death benefits	(15,103,112)		(44,413)		(1,326)		(378)		(17,127)
Net transfers between other subaccounts
or fixed rate option	(4,200,816)		76,993		2,533		(48,915)		16,971
Miscellaneous transactions	(936)		25		—		—		(3)
Other charges	(2,625,292)		(4,486)		(844)		(2,962)		(3,740)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(21,922,230)		28,119		363		(52,255)		(3,899)
TOTAL INCREASE (DECREASE) IN NET ASSETS	2,903,870		78,507		16,121		31,135		80,727
NET ASSETS
Beginning of period	237,985,653		536,860		80,593		315,915		413,381
End of period	$	240,889,523	$	615,367	$	96,714	$	347,050	$	494,108
Beginning units	12,961,729		15,125		2,988		22,762		12,837
Units issued	939,103		2,110		521		382		1,200
Units redeemed	(2,106,818)		(2,702)		(468)		(3,631)		(1,772)
Ending units	11,794,014		14,533		3,041		19,513		12,265

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, 2021

	SUBACCOUNTS
	ProFund VP Industrials		ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth
	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)	$	(6,689)	$	(1,995)	$	(3,280)	$	(2,627)	$	(1,490)
Capital gains distributions received	24,120		11,046		—		—		6,468
Net realized gain (loss) on shares redeemed	15,031		2,620		11,857		5,209		3,009
Net change in unrealized appreciation (depreciation) on investments	28,226		6,347		51,961		52,312		8,121
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	60,688		18,018		60,538		54,894		16,108
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(22,982)		(1,838)		(6,633)		—		(3,558)
Net transfers between other subaccounts
or fixed rate option	13,925		10,816		(11,898)		(8,342)		5,717
Miscellaneous transactions	—		—		—		—		—
Other charges	(3,585)		(1,244)		(2,221)		(1,491)		(774)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(12,642)		7,734		(20,752)		(9,833)		1,385
TOTAL INCREASE (DECREASE) IN NET ASSETS	48,046		25,752		39,786		45,061		17,493
NET ASSETS
Beginning of period	408,033		111,529		231,965		151,362		86,840
End of period	$	456,079	$	137,281	$	271,751	$	196,423	$	104,333
Beginning units	16,987		4,434		12,031		10,418		3,255
Units issued	1,465		714		1,301		1,192		596
Units redeemed	(1,895)		(407)		(2,195)		(1,599)		(559)
Ending units	16,557		4,741		11,137		10,011		3,292

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, 2021

	SUBACCOUNTS
	ProFund VP Small-Cap Value		ProFund VP Telecommunications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-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)	$	(3,225)	$	(107)	$	34	$	(4,235)	$	(1,439)
Capital gains distributions received	—		—		—		37,265		—
Net realized gain (loss) on shares redeemed	12,933		312		(2,556)		10,492		2,950
Net change in unrealized appreciation (depreciation) on investments	42,639		3,879		28,145		25,535		44,111
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	52,347		4,084		25,623		69,057		45,622
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—		—		—		—		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(5,513)		—		(3,474)		(11,958)		(2,733)
Net transfers between other subaccounts
or fixed rate option	(13,090)		(1,274)		(3,269)		(19,824)		(2,193)
Miscellaneous transactions	—		—		—		—		—
Other charges	(1,912)		(259)		(1,695)		(2,803)		(2,179)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(20,515)		(1,533)		(8,438)		(34,585)		(7,105)
TOTAL INCREASE (DECREASE) IN NET ASSETS	31,832		2,551		17,185		34,472		38,517
NET ASSETS
Beginning of period	196,347		25,131		191,183		256,168		217,014
End of period	$	228,179	$	27,682	$	208,368	$	290,640	$	255,531
Beginning units	9,974		2,046		10,928		8,034		13,011
Units issued	1,576		34		1,112		226		736
Units redeemed	(2,393)		(148)		(1,565)		(1,124)		(1,083)
Ending units	9,157		1,932		10,475		7,136		12,664

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, 2021

	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio		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)	$	(587,690)	$	(97)	$	(11,810)	$	(110,969)	$	(581,925)
Capital gains distributions received	—		—		72,684		—		—
Net realized gain (loss) on shares redeemed	6,323,688		(1,582)		65,610		45,334		3,192,533
Net change in unrealized appreciation (depreciation) on investments	1,266,787		3,066		(36,628)		(102,416)		9,518,372
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	7,002,785		1,387		89,856		(168,051)		12,128,980
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,227,926		—		—		—		8,632,964
Annuity payments	(896)		—		—		—		—
Surrenders, withdrawals and death benefits	(3,455,897)		(705)		(143,700)		(1,257,611)		(4,448,905)
Net transfers between other subaccounts
or fixed rate option	247,123		(4,136)		—		7,508,859		(1,737,334)
Miscellaneous transactions	19,545		—		(25)		—		(6,088)
Other charges	(346,524)		(26)		—		(752)		(383,247)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,308,723)		(4,867)		(143,725)		6,250,496		2,057,390
TOTAL INCREASE (DECREASE) IN NET ASSETS	4,694,062		(3,480)		(53,869)		6,082,445		14,186,370
NET ASSETS
Beginning of period	48,527,289		21,509		688,610		2,327,866		81,045,515
End of period	$	53,221,351	$	18,029	$	634,741	$	8,410,311	$	95,231,885
Beginning units	1,206,007		1,191		91,466		190,309		4,800,421
Units issued	342,238		—		—		684,931		770,462
Units redeemed	(365,142)		(245)		(17,090)		(170,953)		(471,095)
Ending units	1,183,103		946		74,376		704,287		5,099,788

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, 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.

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, 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.

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, 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.

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, 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.

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, 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.

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, 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 Bond Portfolio 2031
	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)	$	(1,416,807)	$	(131,392)	$	(648,781)	$	(429,526)	$	(253,746)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	1,673,244		34,946		693,940		263,825		(347,637)
Net change in unrealized appreciation (depreciation) on investments	12,059,851		(452,593)		5,886,316		2,974,418		10,252
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	12,316,288		(549,039)		5,931,475		2,808,717		(591,131)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	94,000		—		85,496		44,248		—
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,108,102)		(364,090)		(369,491)		(293,201)		(1,415,559)
Net transfers between other subaccounts
or fixed rate option	(1,077,909)		(5,384,932)		(702,545)		149,751		2,664,527
Miscellaneous transactions	810		(10)		(127)		140		1,139
Other charges	(1,191,666)		(1,198)		(534,157)		(314,897)		(4,450)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(3,282,867)		(5,750,230)		(1,520,824)		(413,959)		1,245,657
TOTAL INCREASE (DECREASE) IN NET ASSETS	9,033,421		(6,299,269)		4,410,651		2,394,758		654,526
NET ASSETS
Beginning of period	95,070,192		9,566,107		42,221,376		28,276,653		10,389,075
End of period	$	104,103,613	$	3,266,838	$	46,632,027	$	30,671,411	$	11,043,601
Beginning units	6,928,435		759,266		2,971,037		2,107,735		936,440
Units issued	71,928		132,975		25,359		23,785		1,389,181
Units redeemed	(294,175)		(616,595)		(126,114)		(52,813)		(1,258,570)
Ending units	6,706,188		275,646		2,870,282		2,078,707		1,067,051

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, 2021

	SUBACCOUNTS
	MFS® International Growth Portfolio (Service Class)		MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)		MFS® Technology Portfolio (Service Class)		MFS® Mid Cap Growth Series (Service Class)		MFS® New Discovery Series (Service 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)	$	(405)	$	(463)	$	(14,800)	$	(4,657)	$	(1,906)
Capital gains distributions received	16,129		14,489		151,465		206,066		58,092
Net realized gain (loss) on shares redeemed	10,620		260		82,151		2,621		26,983
Net change in unrealized appreciation (depreciation) on investments	(211)		7,293		68,334		(86,043)		(88,991)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	26,133		21,579		287,150		117,987		(5,822)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	335,921		61,210		1,612,913		360,139		311,410
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(3,532)		—		(115,696)		(11,314)		(7,282)
Net transfers between other subaccounts
or fixed rate option	31,316		(1,249)		343,585		196,310		(51,322)
Miscellaneous transactions	158		—		511		210		(737)
Other charges	(1,517)		(411)		(11,388)		(3,850)		(1,518)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	362,346		59,550		1,829,925		541,495		250,551
TOTAL INCREASE (DECREASE) IN NET ASSETS	388,479		81,129		2,117,075		659,482		244,729
NET ASSETS
Beginning of period	216,140		56,355		1,505,662		442,517		207,358
End of period	$	604,619	$	137,484	$	3,622,737	$	1,101,999	$	452,087
Beginning units	16,037		4,158		103,041		29,936		12,396
Units issued	36,802		4,076		176,901		41,532		29,479
Units redeemed	(11,470)		(121)		(60,189)		(5,661)		(15,130)
Ending units	41,369		8,113		219,753		65,807		26,745

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, 2021

	SUBACCOUNTS
	MFS® Research Series (Service Class)		MFS® Total Return Bond Series (Service Class)		MFS® Total Return Series (Service Class)		MFS® Utilities Series (Service Class)		American Funds IS Asset Allocation 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)	$	(278)	$	48,815	$	8,618	$	13,221	$	22,936
Capital gains distributions received	8,042		187		39,890		44,124		51,500
Net realized gain (loss) on shares redeemed	1,420		(8,934)		1,997		3,635		6,806
Net change in unrealized appreciation (depreciation) on investments	19,540		(83,714)		36,901		108,341		137,516
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	28,724		(43,646)		87,406		169,321		218,758
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,729		2,302,642		322,631		1,030,857		1,432,852
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(2,345)		(53,167)		(14,758)		(21,861)		(16,585)
Net transfers between other subaccounts
or fixed rate option	16		(690,044)		137,760		29,607		410,740
Miscellaneous transactions	—		(71)		(9)		34		(130)
Other charges	(615)		(10,938)		(3,784)		(4,929)		(8,687)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(215)		1,548,422		441,840		1,033,708		1,818,190
TOTAL INCREASE (DECREASE) IN NET ASSETS	28,509		1,504,776		529,246		1,203,029		2,036,948
NET ASSETS
Beginning of period	122,177		1,813,686		517,988		703,006		863,601
End of period	$	150,686	$	3,318,462	$	1,047,234	$	1,906,035	$	2,900,549
Beginning units	9,411		168,993		43,182		57,842		79,392
Units issued	934		252,830		35,567		84,627		161,803
Units redeemed	(973)		(107,695)		(1,640)		(3,940)		(7,657)
Ending units	9,372		314,128		77,109		138,529		233,538

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, 2021

	SUBACCOUNTS
	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)		American Funds IS Growth 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)	$	12,045	$	14,439	$	5,628	$	(922)	$	(18,840)
Capital gains distributions received	—		25,743		8,704		4,555		425,229
Net realized gain (loss) on shares redeemed	4,719		(3,168)		5,141		490		22,357
Net change in unrealized appreciation (depreciation) on investments	181,129		(43,187)		15,678		(480)		202,214
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	197,893		(6,173)		35,151		3,643		630,960
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,108,839		1,156,181		326,526		87,674		2,017,477
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(15,786)		(15,015)		(433)		(2,048)		(37,221)
Net transfers between other subaccounts
or fixed rate option	135,518		537,410		143,649		126,639		599,304
Miscellaneous transactions	(208)		722		46		84		(4,022)
Other charges	(3,832)		(3,737)		(1,582)		(729)		(16,354)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,224,531		1,675,561		468,206		211,620		2,559,184
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,422,424		1,669,388		503,357		215,263		3,190,144
NET ASSETS
Beginning of period	246,199		246,685		55,275		40,117		1,917,701
End of period	$	1,668,623	$	1,916,073	$	558,632	$	255,380	$	5,107,845
Beginning units	22,137		24,352		4,869		3,223		156,674
Units issued	100,287		188,264		41,501		16,742		220,427
Units redeemed	(4,094)		(21,333)		(3,136)		(600)		(32,251)
Ending units	118,330		191,283		43,234		19,365		344,850

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

A103

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-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)		BlackRock Advantage Large Cap Value 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)	$	4,508	$	3,587	$	1,477	$	(2,013)	$	9,704
Capital gains distributions received	7,695		—		15,771		251,819		156,233
Net realized gain (loss) on shares redeemed	6,373		145		2,713		13,466		3,431
Net change in unrealized appreciation (depreciation) on investments	141,157		(9,656)		(17,107)		(173,442)		(106,881)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	159,733		(5,924)		2,854		89,830		62,487
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	556,486		137,979		508,702		290,774		745,414
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(16,098)		(792)		(11,329)		(9,675)		(12,010)
Net transfers between other subaccounts
or fixed rate option	143,757		9,445		5,726		79,746		168,206
Miscellaneous transactions	647		4		303		311		112
Other charges	(3,821)		(445)		(2,177)		(2,111)		(1,706)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	680,971		146,191		501,225		359,045		900,016
TOTAL INCREASE (DECREASE) IN NET ASSETS	840,704		140,267		504,079		448,875		962,503
NET ASSETS
Beginning of period	348,887		35,992		248,718		191,104		35,886
End of period	$	1,189,591	$	176,259	$	752,797	$	639,979	$	998,389
Beginning units	31,538		3,003		20,854		17,016		3,189
Units issued	60,867		12,308		45,251		46,043		75,920
Units redeemed	(5,048)		(268)		(5,449)		(18,296)		(8,514)
Ending units	87,357		15,043		60,656		44,763		70,595

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

A104

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 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)		Fidelity® VIP Contrafund® 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)	$	(2,279)	$	5,708	$	(3,209)	$	9,741	$	(21,292)
Capital gains distributions received	110,121		135,609		228,061		201,695		510,289
Net realized gain (loss) on shares redeemed	(569)		5,661		16,971		10,467		36,311
Net change in unrealized appreciation (depreciation) on investments	(42,443)		(71,563)		(151,821)		225,067		353,447
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	64,830		75,415		90,002		446,970		878,755
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	350,309		373,080		1,444,125		2,090,302		1,841,974
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(14,019)		(12,853)		(71,018)		(19,494)		(150,357)
Net transfers between other subaccounts
or fixed rate option	47,390		544,583		120,941		628,248		256,084
Miscellaneous transactions	(151)		897		1,273		1,506		(333)
Other charges	(1,880)		(3,291)		(2,309)		(12,988)		(17,405)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	381,649		902,416		1,493,012		2,687,574		1,929,963
TOTAL INCREASE (DECREASE) IN NET ASSETS	446,479		977,831		1,583,014		3,134,544		2,808,718
NET ASSETS
Beginning of period	143,393		174,113		212,074		1,553,920		2,198,712
End of period	$	589,872	$	1,151,944	$	1,795,088	$	4,688,464	$	5,007,430
Beginning units	12,364		15,451		18,598		139,140		200,150
Units issued	36,560		90,518		148,929		226,686		205,275
Units redeemed	(6,620)		(20,557)		(33,224)		(8,042)		(45,866)
Ending units	42,304		85,412		134,303		357,784		359,559

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

A105

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 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		PSF Global Portfolio (Class III)
	1/1/2021		1/1/2021		1/1/2021		1/4/2021*		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)	$	(12,200)	$	(14,996)	$	1,788	$	(30,182)	$	(14)
Capital gains distributions received	139,127		130,718		35,275		—		—
Net realized gain (loss) on shares redeemed	121,895		(642)		11,900		8,468		(12)
Net change in unrealized appreciation (depreciation) on investments	(93,594)		130,448		(24,222)		23,319		132
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	155,228		245,528		24,741		1,605		106
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,894,193		1,525,637		97,912		—		17,353
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(267,591)		(53,840)		—		(92,134)		(1,501)
Net transfers between other subaccounts
or fixed rate option	(177,982)		248,900		66,518		5,861,171		—
Miscellaneous transactions	1,849		1,755		—		—		(106)
Other charges	(9,375)		(12,491)		(768)		(15)		(6)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,441,094		1,709,961		163,662		5,769,022		15,740
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,596,322		1,955,489		188,403		5,770,627		15,846
NET ASSETS
Beginning of period	1,388,804		1,640,071		59,877		—		—
End of period	$	2,985,126	$	3,595,560	$	248,280	$	5,770,627	$	15,846
Beginning units	112,248		150,518		5,206		—		—
Units issued	259,809		172,577		23,443		769,895		1,637
Units redeemed	-154838		(25,264)		(10,773)		(148,454)		(148)
Ending units	217,219		297,831		17,876		621,441		1,489

*Date subaccount became available for investment.

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

A106

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 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)		PSF PGIM Government Income 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)	$	(524)	$	(454)	$	(1,041)	$	(492)	$	(170)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	2,450		(114)		557		492		(349)
Net change in unrealized appreciation (depreciation) on investments	824		8,211		20,444		10,066		(1,067)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	2,750		7,643		19,960		10,066		(1,586)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	274,729		238,984		822,524		400,761		73,729
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(1,143)		(14,849)		(3,363)		(24,543)
Net transfers between other subaccounts
or fixed rate option	(4,364)		76,002		(3,197)		(197)		46,801
Miscellaneous transactions	(2,156)		11		53		(339)		(12)
Other charges	(317)		(317)		(514)		(207)		(88)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	267,892		313,537		804,017		396,655		95,887
TOTAL INCREASE (DECREASE) IN NET ASSETS	270,642		321,180		823,977		406,721		94,301
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	270,642	$	321,180	$	823,977	$	406,721	$	94,301
Beginning units	—		—		—		—		—
Units issued	37,630		33,103		84,694		40,667		12,044
Units redeemed	(11,204)		(3,884)		(7,945)		(2,938)		(2,485)
Ending units	26,426		29,219		76,749		37,729		9,559

*Date subaccount became available for investment.

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

A107

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 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)		PSF PGIM Jennison Value 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)	$	(2,571)	$	(259)	$	(13)	$	(1,697)	$	(427)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	320		27		3		1,072		121
Net change in unrealized appreciation (depreciation) on investments	20,895		6,954		(299)		13,424		13,741
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	18,644		6,722		(309)		12,799		13,435
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	996,354		168,432		11,637		877,027		153,808
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(7,593)		(112)		—		(1,215)		(1,828)
Net transfers between other subaccounts
or fixed rate option	412,627		—		—		116,013		69,897
Miscellaneous transactions	31		(123)		(31)		137		(22)
Other charges	(1,917)		(179)		(2)		(1,154)		(291)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,399,502		168,018		11,604		990,808		221,564
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,418,146		174,740		11,295		1,003,607		234,999
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	1,418,146	$	174,740	$	11,295	$	1,003,607	$	234,999
Beginning units	—		—		—		—		—
Units issued	139,842		15,740		1,064		96,092		21,489
Units redeemed	(2,834)		(31)		(6)		(5,345)		(272)
Ending units	137,008		15,709		1,058		90,747		21,217

*Date subaccount became available for investment.

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

A108

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 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 Class)		MFS® International Intrinsic Value Portfolio (Initial Class)
	4/26/2021*		4/26/2021*		4/26/2021*		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)	$	(2,180)	$	(2,350)	$	(9,319)	$	11	$	13
Capital gains distributions received	—		—		—		646		279
Net realized gain (loss) on shares redeemed	(91)		474		4,785		2		57
Net change in unrealized appreciation (depreciation) on investments	3,591		37,479		419,480		1,107		758
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,320		35,603		414,946		1,766		1,107
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,487,991		1,125,868		3,741,505		9,488		45,579
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,957)		(4,732)		(12,080)		—		(2,075)
Net transfers between other subaccounts
or fixed rate option	74,139		70,730		772,230		38,250		—
Miscellaneous transactions	64		474		277		—		—
Other charges	(1,197)		(1,478)		(5,589)		(41)		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,559,040		1,190,862		4,496,343		47,697		43,504
TOTAL INCREASE (DECREASE) IN NET ASSETS	1,560,360		1,226,465		4,911,289		49,463		44,611
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	1,560,360	$	1,226,465	$	4,911,289	$	49,463	$	44,611
Beginning units	—		—		—		—		—
Units issued	159,103		123,518		436,146		3,020		3,559
Units redeemed	(5,375)		(5,532)		(6,144)		(3)		(159)
Ending units	153,728		117,986		430,002		3,017		3,400
*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.

A109

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® 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)		Fidelity® VIP International Capital Appreciation Portfolio (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)	$	(29)	$	661	$	(60)	$	(147)	$	(24)
Capital gains distributions received	3,500		—		2,729		3,879		296
Net realized gain (loss) on shares redeemed	(377)		10		74		10		173
Net change in unrealized appreciation (depreciation) on investments	(1,452)		(1,045)		(944)		4,158		883
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,642		(374)		1,799		7,900		1,328
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	17,342		34,685		55,040		56,772		45,579
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(3,546)		(6,535)		(1,742)		—		(2,129)
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—
Miscellaneous transactions	—		—		—		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	13,796		28,150		53,298		56,772		43,450
TOTAL INCREASE (DECREASE) IN NET ASSETS	15,438		27,776		55,097		64,672		44,778
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	15,438	$	27,776	$	55,097	$	64,672	$	44,778
Beginning units	—		—		—		—		—
Units issued	1,313		3,300		3,720		4,321		3,540
Units redeemed	(247)		(621)		(113)		—		(159)
Ending units	1,066		2,679		3,607		4,321		3,381

***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.

A110

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 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)		American Funds IS U.S. Government Securities Fund® (Class 1)
	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)	$	228	$	1,582	$	50	$	(677)	$	1,207
Capital gains distributions received	10,840		6,579		434		46,240		10,166
Net realized gain (loss) on shares redeemed	122		(113)		87		750		(190)
Net change in unrealized appreciation (depreciation) on investments	(5,104)		(13,627)		1,608		(21,524)		(9,930)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	6,086		(5,579)		2,179		24,789		1,253
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	69,956		98,727		47,136		334,502		116,594
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(1,200)		(2,770)		(1,387)		(7,858)		(2,008)
Net transfers between other subaccounts
or fixed rate option	(1,018)		2,542		—		(5,159)		2,061
Miscellaneous transactions	2		1		—		5		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	67,740		98,500		45,749		321,490		116,647
TOTAL INCREASE (DECREASE) IN NET ASSETS	73,826		92,921		47,928		346,279		117,900
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	73,826	$	92,921	$	47,928	$	346,279	$	117,900
Beginning units	—		—		—		—		—
Units issued	5,339		7,404		3,313		23,441		11,273
Units redeemed	(229)		(207)		(101)		(886)		(196)
Ending units	5,110		7,197		3,212		22,555		11,077

***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.

A111

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 The Bond Fund of America® (Class 1)		Vanguard International Portfolio		Vanguard Diversified Value Portfolio		Vanguard Total International Stock Market Index Portfolio		Vanguard Mid-Cap 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)	$	146	$	(1,077)	$	(1,155)	$	(107)	$	(116)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	(1)		(85)		486		(1)		4
Net change in unrealized appreciation (depreciation) on investments	(270)		(12,478)		23,251		(355)		4,306
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(125)		(13,640)		22,582		(463)		4,194
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	17,342		209,869		213,194		24,330		136,818
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	(3,259)		(3,505)		(3,543)		—		—
Net transfers between other subaccounts
or fixed rate option	—		3,146		(3,211)		—		—
Miscellaneous transactions	—		(1)		2		—		—
Other charges	—		—		—		—		—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	14,083		209,509		206,442		24,330		136,818
TOTAL INCREASE (DECREASE) IN NET ASSETS	13,958		195,869		229,024		23,867		141,012
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	13,958	$	195,869	$	229,024	$	23,867	$	141,012
Beginning units	—		—		—		—		—
Units issued	1,628		13,428		16,645		1,968		10,063
Units redeemed	(307)		(229)		(507)		—		—
Ending units	1,321		13,199		16,138		1,968		10,063

***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.

A112

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 Equity Index Portfolio		MFS® Total Return Bond Series (Initial Class)		Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)		MFS® New Discovery Series (Initial Class)		ClearBridge Variable Dividend Strategy 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)	$	(231)	$	435	$	1,615	$	(163)	$	151
Capital gains distributions received	—		1		1,921		9,028		1,333
Net realized gain (loss) on shares redeemed	16		(88)		27		(66)		172
Net change in unrealized appreciation (depreciation) on investments	6,868		(499)		(2,225)		(10,563)		2,723
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	6,653		(151)		1,338		(1,764)		4,379
CONTRACT OWNER TRANSACTIONS
Contract owner net payments	48,660		17,342		116,594		58,297		141,408
Annuity payments	—		—		—		—		—
Surrenders, withdrawals and death benefits	—		(3,261)		(2,013)		(1,005)		(4,084)
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	48,660		14,081		116,572		56,382		137,324
TOTAL INCREASE (DECREASE) IN NET ASSETS	55,313		13,930		117,910		54,618		141,703
NET ASSETS
Beginning of period	—		—		—		—		—
End of period	$	55,313	$	13,930	$	117,910	$	54,618	$	141,703
Beginning units	—		—		—		—		—
Units issued	3,823		1,651		11,409		4,007		10,941
Units redeemed	—		(311)		(210)		(139)		(330)
Ending units	3,823		1,340		11,199		3,868		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.

A113

NOTES TO FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

December 31, 2022

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 (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)

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

T. Rowe Price Equity Income Portfolio (Equity Income Portfolio 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)

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

A114

Note 1:    General (continued)

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)

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*

AST Small-Cap Value Portfolio

AST Mid-Cap Growth Portfolio

AST Large-Cap Value Portfolio (formerly AST Hotchkis & Wiley Large-Cap Value Portfolio)

AST Loomis Sayles Large-Cap Growth Portfolio*

AST MFS Growth Portfolio*

AST Mid-Cap Value Portfolio

AST BlackRock Low Duration Bond Portfolio*

AST T. Rowe Price Natural Resources Portfolio

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

AST Academic Strategies Asset Allocation Portfolio

AST Balanced Asset Allocation Portfolio

AST Preservation Asset Allocation Portfolio

AST Prudential Growth Allocation Portfolio

AST Advanced Strategies Portfolio

AST Large-Cap Growth Portfolio (formerly AST T. Rowe Price Large-Cap Growth Portfolio)

AST Government Money Market Portfolio

AST Small-Cap Growth Portfolio

AST BlackRock/Loomis Sayles Bond Portfolio*

AST International Value Portfolio

AST International Growth Portfolio

AST Investment Grade Bond Portfolio

AST Core Fixed Income Portfolio (formerly AST Western Asset Core Plus Bond Portfolio)

AST Cohen & Steers Global Realty Portfolio

AST Emerging Markets Equity Portfolio

AST Goldman Sachs Small-Cap Value Portfolio*

AST Moderate Multi-Asset Portfolio (formerly AST AllianzGI World Trends Portfolio)*

AST J.P. Morgan Global Thematic Portfolio

ProFund VP Consumer Services

ProFund VP Consumer Goods

ProFund VP Financials

ProFund VP Health Care

ProFund VP Industrials

ProFund VP Mid-Cap Growth

ProFund VP Mid-Cap Value

ProFund VP Real Estate

A115

Note 1:    General (continued)

ProFund VP Small-Cap Growth

ProFund VP Small-Cap Value

ProFund VP Telecommunications

ProFund VP Utilities

ProFund VP Large-Cap Growth

ProFund VP Large-Cap Value

AST Jennison Large-Cap Growth Portfolio*

Allspring VT International Equity Fund (Class 1)

Allspring VT Omega Growth Fund (Class 1)

AST Bond Portfolio 2022

AST Quantitative Modeling Portfolio

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

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

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

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)

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

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 Bond Portfolio 2031

MFS® International Growth Portfolio (Service Class)

MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)

MFS® Technology Portfolio (Service Class)

MFS® Mid Cap Growth Series (Service Class)

MFS® New Discovery Series (Service Class)

MFS® Research Series (Service Class)

MFS® Total Return Bond Series (Service Class)

MFS® Total Return Series (Service Class)

A116

Note 1:    General (continued)

MFS® Utilities Series (Service Class)

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)

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)

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)

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

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)

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)

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 Class)

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)***

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)

American Funds IS U.S. Government Securities Fund® (Class 1)

American Funds IS The Bond Fund of America® (Class 1)

Vanguard International Portfolio

A117

Note 1:    General (continued)

Vanguard Diversified Value Portfolio

Vanguard Total International Stock Market Index Portfolio

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)

ClearBridge Variable Dividend Strategy Portfolio (Class I)

MFS® Utilities Series (Initial Class)

Vanguard Real Estate Index Portfolio

Vanguard Total Bond Market Index Portfolio

Vanguard Equity Income Portfolio

Vanguard High Yield Bond Portfolio

Vanguard Short-Term Investment Grade Portfolio

PSF Natural Resources Portfolio (Class I)

Vanguard Total Stock Market Index Portfolio

Vanguard Balanced Portfolio

Vanguard Growth Portfolio

DFA VA International Value Portfolio

Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)

American Funds IS Washington Mutual Investors Fund℠ (Class 1)

American Funds IS Growth Fund (Class 1)

American Funds IS Growth-Income Fund (Class 1)

Fidelity® VIP Technology Portfolio (Initial Class)

American Funds IS Asset Allocation Fund (Class 1)**

American Funds IS Ultra-Short Bond Fund (Class 1)**

AST Bond Portfolio 2033**

BlackRock Advantage Large Cap Core V.I. Fund (Class I)**

BlackRock Basic Value V.I. Fund (Class I)**

BlackRock Capital Appreciation V.I. Fund (Class I)**

BlackRock Equity Dividend V.I. Fund (Class I)**

BlackRock Global Allocation V.I. Fund (Class I)**

PSF PGIM 50/50 Balanced Portfolio (Class I)**

DFA VA Global Bond Portfolio**

DFA VA Global Moderate Allocation Portfolio**

DFA VA International Small Portfolio**

DFA VA Short-Term Fixed Portfolio**

DFA VA U.S. Large Value Portfolio**

Fidelity® VIP Balanced Portfolio (Initial Class)**

Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)**

Fidelity® VIP Contrafund® Portfolio (Initial Class)**

Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)**

Fidelity® VIP Financial Services Portfolio (Initial Class)**

Fidelity® VIP Growth Opportunities Portfolio (Initial Class)**

Fidelity® VIP Growth Portfolio (Initial Class)**

Fidelity® VIP Health Care Portfolio (Initial Class)**

Fidelity® VIP High Income Portfolio (Initial Class)**

Fidelity® VIP Industrials Portfolio (Initial Class)**

Fidelity® VIP Strategic Income Portfolio (Initial Class)**

A118

Note 1:    General (continued)

Fidelity® VIP Utilities Portfolio (Initial Class)**

PSF PGIM Flexible Managed Portfolio (Class I)**

PSF PGIM Government Income Portfolio (Class I)**

ClearBridge Variable Aggressive Growth Portfolio (Class I)**

ClearBridge Variable Appreciation Portfolio (Class I)**

ClearBridge Variable Mid Cap Portfolio (Class I)**

Franklin Multi-Asset Variable Conservative Growth Fund (Class I)**

Franklin Multi-Asset Variable Growth Fund (Class I)**

Franklin Multi-Asset Variable Moderate Growth Fund (Class I)**

Western Asset Variable Global High Yield Bond Portfolio (Class I)**

MFS® Investors Trust Series (Initial Class)**

MFS® Total Return Series (Initial Class)**

MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)**

MFS® Technology Portfolio (Initial Class)**

MFS® Value Series (Initial Class)**

Vanguard Global Bond Index**

Vanguard Capital Growth Portfolio**

Vanguard Conservative Allocation Portfolio**

Vanguard Moderate Allocation Portfolio**

Allspring VT Small Cap Growth Fund (Class 1)**

AST Western Asset Corporate Bond Portfolio****

AST T. Rowe Price Corporate Bond Portfolio****

AST PIMCO Corporate Bond Portfolio****

AST Prudential Corporate Bond Portfolio****

AST BlackRock Corporate Bond Portfolio****

*	Subaccount merged during the period ended December 31, 2022.
**	Subaccount was available for investment but had no assets as of December 31, 2022, and had no activity during 2022.
***	Subaccount was available for investment but had no assets as of December 31, 2022.
****	Subaccount merged during the period ended December 31, 2022, and had no activity during 2022.

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, 2022 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 11, 2022	AST T. Rowe Price Large-Cap Value Portfolio	AST Large-Cap Value Portfolio
February 11, 2022	AST BlackRock Low Duration Bond Portfolio	AST Core Fixed Income Portfolio
February 11, 2022	AST BlackRock/Loomis Sayles Bond Portfolio	AST Core Fixed Income Portfolio
February 11, 2022	AST Prudential Core Bond Portfolio	AST Core Fixed Income Portfolio
February 11, 2022	AST MFS Large-Cap Value Portfolio	AST Large-Cap Value Portfolio
February 11, 2022	AST Western Asset Corporate Bond Portfolio	PSF PGIM Total Return Bond Portfolio (Class I)
February 11, 2022	AST T. Rowe Price Corporate Bond Portfolio	PSF PGIM Total Return Bond Portfolio (Class I)
February 11, 2022	AST PIMCO Corporate Bond Portfolio	PSF PGIM Total Return Bond Portfolio (Class I)
February 11, 2022	AST Prudential Corporate Bond Portfolio	PSF PGIM Total Return Bond Portfolio (Class I)
February 11, 2022	AST BlackRock Corporate Bond Portfolio	PSF PGIM Total Return Bond Portfolio (Class I)
June 10, 2022	AST Goldman Sachs Small-Cap Value Portfolio	AST Small-Cap Value Portfolio
June 10, 2022	AST Loomis Sayles Large-Cap Growth Portfolio	AST Large-Cap Growth Portfolio
June 10, 2022	AST MFS Growth Portfolio	AST Large-Cap Growth Portfolio
June 10, 2022	AST Jennison Large-Cap Growth Portfolio	AST Large-Cap Growth Portfolio

A119

Note 1:    General (continued)

Merger Date	Removed Portfolio	Surviving Portfolio
September 9, 2022	AST Small-Cap Growth Opportunities Portfolio	AST Small-Cap Growth Portfolio
December 2, 2022	AST Moderate Multi-Asset Portfolio	AST Balanced Asset Allocation Portfolio

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

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.

Market Disruption, Geopolitical and Market Events Risks

Market disruption can be caused by economic, financial or political events and factors, including but not limited to, international wars or conflicts, geopolitical developments, terrorism, natural disasters and public health epidemics (including the global outbreak of COVID-19). The extent and duration of such events and resulting market disruptions cannot be predicted, but could be substantial and could magnify the impact of risks to the portfolios in which each subaccount invests in.

Recent failures of certain U.S. and international banks and actions taken by government intervention may at times result in unusually high market volatility, which could negatively impact performance of the portfolios in which each subaccount invests in.

COVID-19 has resulted in extreme stress and disruption in the global economy and financial markets. The pandemic has adversely impacted, and may continue to adversely impact, the financial performance of the portfolios in which the subaccounts invest. Management will continue to monitor developments, and their impact on the Account and the fair value of the portfolios.

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.

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 investments 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.

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.

A120

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, 2022, 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 31,2022 were as follows:

	Purchases		Sales
PSF PGIM Government Money Market Portfolio (Class I)	$	1,069,811	$	2,455,120
PSF PGIM Total Return Bond Portfolio (Class I)	199,377		1,370,569
PSF PGIM Jennison Blend Portfolio (Class I)	64,721		1,593,504
PSF PGIM Jennison Value Portfolio (Class I)	244,128		2,657,318
PSF PGIM High Yield Bond Portfolio (Class I)	160,442		1,734,202
PSF Stock Index Portfolio (Class I)	803,644		5,580,359
PSF Global Portfolio (Class I)	18,709		429,298
PSF PGIM Jennison Growth Portfolio (Class I)	738,689		3,134,977
PSF Small-Cap Stock Index Portfolio (Class I)	350,710		1,445,059
T. Rowe Price International Stock Portfolio	39,870		203,902
T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)	98,674		806,852
Invesco V.I. Core Equity Fund (Series I)	51,636		809,429
Janus Henderson VIT Research Portfolio (Institutional Shares)	119,061		573,386
Janus Henderson VIT Overseas Portfolio (Institutional Shares)	14,779		566,841
MFS® Research Series (Initial Class)	4,208		145,438
MFS® Growth Series (Initial Class)	76,597		634,309
American Century VP Value Fund (Class I)	26,355		276,567

A121

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
Franklin Small-Mid Cap Growth VIP Fund (Class 2)	$	99,159	$	190,481
PSF PGIM Jennison Focused Blend Portfolio (Class I)	12,155		458,412
Davis Value Portfolio	10,823		160,608
AB VPS Large Cap Growth Portfolio (Class B)	1,974		130,026
PSF Small-Cap Value Portfolio (Class I)	179,084		796,451
Janus Henderson VIT Research Portfolio (Service Shares)	16,463		26,461
PSF Mid-Cap Growth Portfolio (Class I)	379,136		1,073,485
PSF International Growth Portfolio (Class I)	102,545		151,514
AST Cohen & Steers Realty Portfolio	9,079,167		15,516,253
AST J.P. Morgan Tactical Preservation Portfolio	77,621,307		178,076,533
AST T. Rowe Price Large-Cap Value Portfolio	2,029,076		92,873,012
AST High Yield Portfolio	4,125,411		9,561,197
AST Small-Cap Growth Opportunities Portfolio	4,119,113		20,393,994
AST Small-Cap Value Portfolio	34,032,411		11,647,958
AST Mid-Cap Growth Portfolio	13,728,870		19,406,645
AST Large-Cap Value Portfolio	137,919,437		52,827,988
AST Loomis Sayles Large-Cap Growth Portfolio	3,256,115		50,342,809
AST MFS Growth Portfolio	2,116,492		24,931,587
AST Mid-Cap Value Portfolio	7,501,737		17,968,427
AST BlackRock Low Duration Bond Portfolio	883,383		28,580,294
AST T. Rowe Price Natural Resources Portfolio	13,073,461		23,538,163
AST T. Rowe Price Asset Allocation Portfolio	166,995,174		411,855,711
AST MFS Global Equity Portfolio	3,819,262		10,009,854
AST J.P. Morgan International Equity Portfolio	6,386,339		12,660,399
AST Wellington Management Hedged Equity Portfolio	26,654,436		51,849,416
AST Capital Growth Asset Allocation Portfolio	105,699,651		224,449,540
AST Academic Strategies Asset Allocation Portfolio	52,605,302		125,540,310
AST Balanced Asset Allocation Portfolio	362,417,010		203,329,645
AST Preservation Asset Allocation Portfolio	90,178,120		208,352,619
AST Prudential Growth Allocation Portfolio	193,695,931		422,566,495
AST Advanced Strategies Portfolio	69,367,057		167,746,030
AST Large-Cap Growth Portfolio	137,409,934		57,283,657
AST Government Money Market Portfolio	86,232,974		69,889,085
AST Small-Cap Growth Portfolio	22,954,778		11,234,472
AST BlackRock/Loomis Sayles Bond Portfolio	3,629,254		197,169,759
AST International Value Portfolio	2,564,386		4,600,874
AST International Growth Portfolio	5,784,716		7,670,188
AST Investment Grade Bond Portfolio	2,385,587,205		1,456,390,734
AST Core Fixed Income Portfolio	312,251,595		138,374,484
AST Cohen & Steers Global Realty Portfolio	2,076,264		4,159,450
AST Emerging Markets Equity Portfolio	8,444,947		15,890,536
AST Goldman Sachs Small-Cap Value Portfolio	1,228,403		35,353,755
AST Moderate Multi-Asset Portfolio	53,514,299		399,361,894
AST J.P. Morgan Global Thematic Portfolio	36,256,209		76,088,718
ProFund VP Consumer Services	106,635		63,135
ProFund VP Consumer Goods	48,120		57,794
ProFund VP Financials	36,530		68,717
ProFund VP Health Care	33,933		132,217

A122

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
ProFund VP Industrials	$	75,617	$	121,762
ProFund VP Mid-Cap Growth	35,486		59,120
ProFund VP Mid-Cap Value	19,705		71,404
ProFund VP Real Estate	33,633		46,730
ProFund VP Small-Cap Growth	18,022		30,250
ProFund VP Small-Cap Value	15,404		51,134
ProFund VP Telecommunications	4,190		4,928
ProFund VP Utilities	62,213		92,751
ProFund VP Large-Cap Growth	50,430		77,001
ProFund VP Large-Cap Value	39,765		100,395
AST Jennison Large-Cap Growth Portfolio	3,973,700		40,065,184
Allspring VT International Equity Fund (Class 1)	767		1,195
Allspring VT Omega Growth Fund (Class 1)	—		140,021
AST Bond Portfolio 2022	1,345,529		9,655,873
AST Quantitative Modeling Portfolio	6,986,507		10,831,556
AST BlackRock Global Strategies Portfolio	28,999,495		59,595,170
Allspring VT Opportunity Fund (Class 1)	—		37,302
AST Prudential Core Bond Portfolio	181,571		41,405,617
AST Bond Portfolio 2023	9,667,544		1,413,776
AST MFS Growth Allocation Portfolio	29,888,654		49,735,443
AST Western Asset Emerging Markets Debt Portfolio	343,869		307,591
AST MFS Large-Cap Value Portfolio	548,405		27,731,175
AST Bond Portfolio 2024	258,486		98,548
AST ClearBridge Dividend Growth Portfolio	7,905,890		10,695,072
AST Multi-Sector Fixed Income Portfolio	5,998,074		188,071,771
AST Large-Cap Core Portfolio	6,166,505		11,301,312
AST Bond Portfolio 2025	526,532		358,984
AST T. Rowe Price Growth Opportunities Portfolio	129,343,308		221,883,824
AST T. Rowe Price Diversified Real Growth Portfolio	727,341		2,507,406
AST Prudential Flexible Multi-Strategy Portfolio	909,705		2,886,903
AST Franklin 85/15 Diversified Allocation Portfolio	24,416,505		40,444,962
AST Bond Portfolio 2026	2,902,216		2,462,282
AST Global Bond Portfolio	4,556,495		8,119,258
AST QMA International Core Equity Portfolio	112,080		290,264
BlackRock Global Allocation V.I. Fund (Class III)	997,416		1,065,996
JPMorgan Insurance Trust Income Builder Portfolio (Class 2)	304,448		307,678
AST Bond Portfolio 2027	1,596,796		1,060,798
NVIT Emerging Markets Fund (Class D)	20,324		28,704
AST Bond Portfolio 2028	2,607,481		1,349,853
AST Bond Portfolio 2029	145,503		92,893
AST American Funds Growth Allocation Portfolio	63,428,839		108,872,632
AST Bond Portfolio 2030	1,250,653		1,124,859
AST BlackRock 80/20 Target Allocation ETF Portfolio	32,708,528		51,759,716
AST BlackRock 60/40 Target Allocation ETF Portfolio	14,430,320		25,711,866
AST Bond Portfolio 2031	9,987,477		5,912,617
MFS® International Growth Portfolio (Service Class)	172,486		63,462
MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)	269,528		103,863
MFS® Technology Portfolio (Service Class)	1,812,309		528,394

A123

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
MFS® Mid Cap Growth Series (Service Class)	$	383,134	$	207,336
MFS® New Discovery Series (Service Class)	55,738		65,558
MFS® Research Series (Service Class)	6,201		14,229
MFS® Total Return Bond Series (Service Class)	1,950,303		516,310
MFS® Total Return Series (Service Class)	641,073		97,594
MFS® Utilities Series (Service Class)	1,438,735		406,069
American Funds IS Asset Allocation Fund (Class 4)	1,410,652		421,481
American Funds IS Washington Mutual Investors Fund℠ (Class 4)	789,093		230,444
American Funds IS The Bond Fund of America® (Class 4)	3,051,578		479,863
American Funds IS Capital World Growth and Income Fund® (Class 4)	400,937		69,189
American Funds IS Global Small Capitalization Fund (Class 4)	67,472		39,981
American Funds IS Growth Fund (Class 4)	1,510,301		348,442
American Funds IS Growth-Income Fund (Class 4)	889,941		226,371
American Funds IS International Fund (Class 4)	167,492		39,723
American Funds IS New World Fund® (Class 4)	272,735		71,264
BlackRock Advantage Large Cap Core V.I. Fund (Class III)	496,394		144,452
BlackRock Advantage Large Cap Value V.I. Fund (Class III)	251,484		493,245
BlackRock Capital Appreciation V.I. Fund (Class III)	228,169		59,067
BlackRock Equity Dividend V.I. Fund (Class III)	993,259		184,002
BlackRock Large Cap Focus Growth V.I. Fund (Class III)	336,804		1,145,278
Fidelity® VIP Balanced Portfolio (Service Class 2)	1,829,266		506,361
Fidelity® VIP Contrafund® Portfolio (Service Class 2)	1,126,093		566,587
Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)	1,547,282		404,229
Fidelity® VIP Health Care Portfolio (Service Class 2)	1,448,871		782,514
BlackRock Basic Value V.I. Fund (Class III)	359,922		107,472
AST Bond Portfolio 2032	6,085,001		3,270,158
PSF Global Portfolio (Class III)	47,869		1,534
PSF Mid-Cap Growth Portfolio (Class III)	70,393		3,567
PSF Natural Resources Portfolio (Class III)	944,965		226,466
PSF PGIM 50/50 Balanced Portfolio (Class III)	1,291,564		214,095
PSF PGIM Flexible Managed Portfolio (Class III)	672,554		48,344
PSF PGIM Government Income Portfolio (Class III)	1,523,951		46,789
PSF PGIM High Yield Bond Portfolio (Class III)	1,505,993		243,885
PSF PGIM Jennison Blend Portfolio (Class III)	201,846		48,007
PSF PGIM Jennison Focused Blend Portfolio (Class III)	62,406		1,342
PSF PGIM Jennison Growth Portfolio (Class III)	1,806,192		139,994
PSF PGIM Jennison Value Portfolio (Class III)	604,909		52,928
PSF PGIM Total Return Bond Portfolio (Class III)	2,219,590		377,801
PSF Small-Cap Stock Index Portfolio (Class III)	888,976		161,338
PSF Stock Index Portfolio (Class III)	2,036,767		278,529
MFS® Investors Trust Series (Service Class)	179,769		14,669
MFS® International Intrinsic Value Portfolio (Initial Class)	21,764		623
MFS® Mid Cap Growth Series (Initial Class)	—		637
Western Asset Core Plus VIT Portfolio (Class I)	—		1,340
ClearBridge Variable Small Cap Growth Portfolio (Class I)	5,019		13,968
ClearBridge Variable Large Cap Growth Portfolio (Class I)	—		53,617
Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)	—		482
Fidelity® VIP Mid Cap Portfolio (Initial Class)	—		3,656

A124

Note 5:    Purchases and Sales of Investments (continued)

	Purchases		Sales
Fidelity® VIP Emerging Markets Portfolio (Initial Class)	$	14,034	$	2,875
DFA VA U.S. Targeted Value Portfolio	—		657
BlackRock Large Cap Focus Growth V.I. Fund (Class I)	10,742		4,078
American Funds IS U.S. Government Securities Fund® (Class 1)	126		8,356
American Funds IS The Bond Fund of America® (Class 1)	—		751
Vanguard International Portfolio	71,280		3,286
Vanguard Diversified Value Portfolio	—		14,178
Vanguard Total International Stock Market Index Portfolio	29,170		5,056
Vanguard Mid-Cap Index Portfolio	9,297		17,038
Vanguard Equity Index Portfolio	3,760		51,169
MFS® Total Return Bond Series (Initial Class)	—		694
Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)	21,992		27,237
MFS® New Discovery Series (Initial Class)	5,947		1,318
ClearBridge Variable Dividend Strategy Portfolio (Class I)	—		1,430
MFS® Utilities Series (Initial Class)	19,544		128
Vanguard Real Estate Index Portfolio	26,794		112
Vanguard Total Bond Market Index Portfolio	31,490		162
Vanguard Equity Income Portfolio	131,672		972
Vanguard High Yield Bond Portfolio	21,886		139
Vanguard Short-Term Investment Grade Portfolio	41,598		278
PSF Natural Resources Portfolio (Class I)	64,798		444
Vanguard Total Stock Market Index Portfolio	101,478		480
Vanguard Balanced Portfolio	4,530		12
Vanguard Growth Portfolio	134,758		881
DFA VA International Value Portfolio	28,805		234
Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)	7,191		41
American Funds IS Washington Mutual Investors Fund℠ (Class 1)	10,038		19
American Funds IS Growth Fund (Class 1)	10,038		18
American Funds IS Growth-Income Fund (Class 1)	10,038		18
Fidelity® VIP Technology Portfolio (Initial Class)	5,019		5

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

A125

Note 6:    Related Party Transactions (continued)

Quantitative Solutions 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.

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.

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
	PSF PGIM Government Money Market Portfolio (Class I)
December 31, 2022	3,688	$	0.89	to	$	10.10	$	4,331	1.31	%	0.40	%	to	1.75	%	-0.33	%	to	0.98	%
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	%
	PSF PGIM Total Return Bond Portfolio (Class I)
December 31, 2022	3,122	$	2.24	to	$	8.75	$	8,122	0.00	%	0.50	%	to	1.40	%	-15.99	%	to	-15.24	%
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	%
	PSF PGIM Jennison Blend Portfolio (Class I)
December 31, 2022	2,642	$	3.21	to	$	5.25	$	13,202	0.00	%	1.35	%	to	1.80	%	-26.42	%	to	-26.09	%
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	%
	PSF PGIM Jennison Value Portfolio (Class I)
December 31, 2022	3,163	$	2.93	to	$	6.00	$	14,637	0.00	%	1.35	%	to	1.80	%	-9.52	%	to	-9.12	%
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	%
	PSF PGIM High Yield Bond Portfolio (Class I)
December 31, 2022	1,544	$	2.83	to	$	18.83	$	7,668	0.00	%	0.40	%	to	1.80	%	-12.81	%	to	-11.60	%
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	%
	PSF Stock Index Portfolio (Class I)
December 31, 2022	4,646	$	2.70	to	$	15.02	$	37,882	0.00	%	0.35	%	to	1.95	%	-19.93	%	to	-18.62	%
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	%
	PSF Global Portfolio (Class I)
December 31, 2022	843	$	1.87	to	$	4.12	$	3,131	0.00	%	1.40	%	to	1.75	%	-20.19	%	to	-19.91	%
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	%
	PSF PGIM Jennison Growth Portfolio (Class I)
December 31, 2022	2,721	$	2.42	to	$	7.12	$	16,740	0.00	%	1.35	%	to	1.80	%	-38.70	%	to	-38.43	%
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	%
	PSF Small-Cap Stock Index Portfolio (Class I)
December 31, 2022	782	$	5.94	to	$	12.46	$	7,513	0.00	%	0.35	%	to	1.90	%	-17.96	%	to	-16.67	%
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	%

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
	T. Rowe Price International Stock Portfolio
December 31, 2022	487	$	2.01	to	$	2.01	$	981	0.76	%	1.40	%	to	1.40	%	-16.98	%	to	-16.98	%
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	%
	T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)
December 31, 2022	954	$	5.28	to	$	5.28	$	5,039	1.85	%	1.40	%	to	1.40	%	-4.67	%	to	-4.67	%
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	%
	Invesco V.I. Core Equity Fund (Series I)
December 31, 2022	1,404	$	1.98	to	$	3.87	$	5,422	0.90	%	1.40	%	to	1.65	%	-21.83	%	to	-21.64	%
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	%
	Janus Henderson VIT Research Portfolio (Institutional Shares)
December 31, 2022	775	$	2.29	to	$	4.57	$	3,527	0.71	%	1.35	%	to	1.40	%	-30.86	%	to	-30.82	%
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	%
	Janus Henderson VIT Overseas Portfolio (Institutional Shares)
December 31, 2022	845	$	2.36	to	$	4.37	$	3,650	1.73	%	1.35	%	to	1.65	%	-10.09	%	to	-9.82	%
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	%
	MFS® Research Series (Initial Class)
December 31, 2022	229	$	4.94	to	$	4.94	$	1,131	0.49	%	1.40	%	to	1.40	%	-18.35	%	to	-18.35	%
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	%
	MFS® Growth Series (Initial Class)
December 31, 2022	922	$	3.18	to	$	5.69	$	5,239	0.00	%	1.35	%	to	1.40	%	-32.58	%	to	-32.54	%
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	%
	American Century VP Value Fund (Class I)
December 31, 2022	307	$	4.58	to	$	5.33	$	1,634	2.05	%	1.35	%	to	1.40	%	-0.85	%	to	-0.79	%
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	%
	Franklin Small-Mid Cap Growth VIP Fund (Class 2)
December 31, 2022	355	$	2.44	to	$	4.34	$	1,522	0.00	%	1.35	%	to	1.65	%	-34.77	%	to	-34.57	%
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	%

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
	PSF PGIM Jennison Focused Blend Portfolio (Class I)
December 31, 2022	538	$	4.21	to	$	4.29	$	2,304	0.00	%	1.35	%	to	1.40	%	-26.79	%	to	-26.75	%
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	%
	Davis Value Portfolio
December 31, 2022	296	$	2.37	to	$	2.39	$	701	1.19	%	1.35	%	to	1.40	%	-21.23	%	to	-21.19	%
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	%
	AB VPS Large Cap Growth Portfolio (Class B)
December 31, 2022	151	$	2.35	to	$	2.35	$	357	0.00	%	1.40	%	to	1.40	%	-29.67	%	to	-29.67	%
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	%
	PSF Small-Cap Value Portfolio (Class I)
December 31, 2022	1,348	$	2.93	to	$	11.08	$	5,096	0.00	%	0.40	%	to	1.80	%	-16.16	%	to	-14.99	%
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	%
	Janus Henderson VIT Research Portfolio (Service Shares)
December 31, 2022	149	$	1.76	to	$	3.98	$	433	0.57	%	1.40	%	to	1.75	%	-31.27	%	to	-31.03	%
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	%
	PSF Mid-Cap Growth Portfolio (Class I)
December 31, 2022	985	$	2.96	to	$	6.64	$	4,996	0.00	%	1.35	%	to	1.80	%	-28.25	%	to	-27.93	%
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	%
	PSF International Growth Portfolio (Class I)
December 31, 2022	575	$	1.22	to	$	3.05	$	1,285	0.00	%	1.35	%	to	1.75	%	-30.15	%	to	-29.88	%
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	%
	AST Cohen & Steers Realty Portfolio
December 31, 2022	958	$	10.38	to	$	36.50	$	20,919	0.00	%	0.35	%	to	2.30	%	-27.08	%	to	-25.62	%
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	%
	AST J.P. Morgan Tactical Preservation Portfolio
December 31, 2022	15,270	$	12.74	to	$	17.09	$	214,523	0.00	%	0.55	%	to	2.40	%	-17.70	%	to	-16.19	%
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	%

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
	AST T. Rowe Price Large-Cap Value Portfolio (merged February 11, 2022)
December 31, 2022	—	$	13.50	to	$	29.94	$	—	0.00	%	0.48	%	to	2.30	%	0.54	%	to	0.75	%
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	%
	AST High Yield Portfolio
December 31, 2022	1,728	$	9.70	to	$	18.65	$	24,966	0.00	%	0.48	%	to	2.30	%	-13.55	%	to	-11.94	%
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	%
	AST Small-Cap Growth Opportunities Portfolio (merged September 9, 2022)
December 31, 2022	—	$	10.70	to	$	35.20	$	—	0.00	%	0.48	%	to	2.30	%	-26.31	%	to	-25.36	%
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	%
	AST Small-Cap Value Portfolio
December 31, 2022	1,554	$	11.96	to	$	31.50	$	34,396	0.00	%	0.48	%	to	2.30	%	-15.31	%	to	-13.74	%
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	%
	AST Mid-Cap Growth Portfolio
December 31, 2022	1,937	$	10.48	to	$	33.60	$	44,928	0.00	%	0.35	%	to	2.30	%	-32.52	%	to	-31.17	%
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	%
	AST Large-Cap Value Portfolio
December 31, 2022	4,834	$	13.79	to	$	38.58	$	122,986	0.00	%	0.35	%	to	2.30	%	-0.63	%	to	1.35	%
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	%
	AST Loomis Sayles Large-Cap Growth Portfolio (merged June 10, 2022)
December 31, 2022	—	$	11.93	to	$	44.95	$	—	0.00	%	0.48	%	to	2.30	%	-28.37	%	to	-27.78	%
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	%
	AST MFS Growth Portfolio (merged June 10, 2022)
December 31, 2022	—	$	12.19	to	$	43.37	$	—	0.00	%	0.35	%	to	2.30	%	-28.92	%	to	-28.30	%
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	%
	AST Mid-Cap Value Portfolio
December 31, 2022	1,394	$	12.31	to	$	37.97	$	33,445	0.00	%	0.35	%	to	2.30	%	-9.89	%	to	-8.09	%
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	%

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
	AST BlackRock Low Duration Bond Portfolio (merged February 11, 2022)
December 31, 2022	—	$	9.31	to	$	12.21	$	—	0.00	%	0.48	%	to	1.95	%	-1.73	%	to	-1.56	%
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	%
	AST T. Rowe Price Natural Resources Portfolio
December 31, 2022	1,413	$	10.63	to	$	17.60	$	18,440	0.00	%	0.48	%	to	2.55	%	3.46	%	to	5.58	%
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	%
	AST T. Rowe Price Asset Allocation Portfolio
December 31, 2022	59,956	$	11.69	to	$	22.71	$	1,093,319	0.00	%	0.35	%	to	2.55	%	-18.43	%	to	-16.64	%
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	%
	AST MFS Global Equity Portfolio
December 31, 2022	1,149	$	11.30	to	$	30.93	$	26,188	0.00	%	0.35	%	to	2.55	%	-20.00	%	to	-18.25	%
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	%
	AST J.P. Morgan International Equity Portfolio
December 31, 2022	1,184	$	11.99	to	$	18.31	$	16,666	0.00	%	0.55	%	to	2.55	%	-22.31	%	to	-20.77	%
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	%
	AST Wellington Management Hedged Equity Portfolio
December 31, 2022	6,970	$	12.12	to	$	23.59	$	112,355	0.00	%	0.35	%	to	2.55	%	-9.98	%	to	-8.01	%
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	%
	AST Capital Growth Asset Allocation Portfolio
December 31, 2022	29,501	$	17.44	to	$	25.34	$	581,842	0.00	%	0.55	%	to	2.55	%	-18.97	%	to	-17.36	%
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	%
	AST Academic Strategies Asset Allocation Portfolio
December 31, 2022	11,135	$	12.10	to	$	16.70	$	150,353	0.00	%	0.55	%	to	2.40	%	-15.47	%	to	-13.92	%
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	%
	AST Balanced Asset Allocation Portfolio
December 31, 2022	45,250	$	11.53	to	$	21.58	$	794,827	0.00	%	0.35	%	to	2.55	%	-18.34	%	to	-16.55	%
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	%

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
	AST Preservation Asset Allocation Portfolio
December 31, 2022	19,280	$	10.51	to	$	16.52	$	273,556	0.00	%		0.35	%	to	2.55	%	-17.72	%	to	-15.92	%
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	%
	AST Prudential Growth Allocation Portfolio
December 31, 2022	40,681	$	10.87	to	$	21.53	$	708,500	0.00	%		0.35	%	to	2.55	%	-20.33	%	to	-18.58	%
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	%
	AST Advanced Strategies Portfolio
December 31, 2022	24,255	$	11.66	to	$	23.52	$	447,362	0.00	%		0.35	%	to	2.40	%	-18.58	%	to	-16.91	%
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	%
	AST Large-Cap Growth Portfolio
December 31, 2022	5,691	$	11.52	to	$	48.39	$	167,757	0.00	%		0.35	%	to	2.30	%	-34.74	%	to	-33.44	%
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	%
	AST Government Money Market Portfolio
December 31, 2022	6,937	$	7.84	to	$	10.02	$	64,680	1.32	%		0.48	%	to	2.30	%	-1.05	%	to	0.74	%
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	%
	AST Small-Cap Growth Portfolio
December 31, 2022	1,364	$	11.44	to	$	40.77	$	34,937	0.00	%		0.35	%	to	2.30	%	-29.24	%	to	-27.83	%
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	%
	AST BlackRock/Loomis Sayles Bond Portfolio (merged February 11, 2022)
December 31, 2022	—	$	10.26	to	$	15.83	$	—	0.00	%		0.48	%	to	2.55	%	-3.52	%	to	-3.29	%
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	%
	AST International Value Portfolio
December 31, 2022	917	$	9.62	to	$	15.54	$	11,033	0.00	%		0.48	%	to	2.55	%	-12.34	%	to	-10.54	%
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	%
	AST International Growth Portfolio
December 31, 2022	1,152	$	11.24	to	$	22.62	$	19,425	0.00	%		0.48	%	to	2.55	%	-30.46	%	to	-29.03	%
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	%

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
	AST Investment Grade Bond Portfolio
December 31, 2022	79,260	$	10.26	to	$	17.26	$	990,546	0.00	%	0.35	%	to	1.95	%	-15.50	%	to	-14.12	%
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	%
	AST Core Fixed Income Portfolio
December 31, 2022	22,452	$	8.71	to	$	13.07	$	258,910	0.00	%	0.35	%	to	2.55	%	-18.36	%	to	-13.22	%
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	%
	AST Cohen & Steers Global Realty Portfolio
December 31, 2022	393	$	9.37	to	$	22.85	$	6,010	0.00	%	0.48	%	to	2.30	%	-27.15	%	to	-25.79	%
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	%
	AST Emerging Markets Equity Portfolio
December 31, 2022	2,122	$	7.10	to	$	11.90	$	17,968	0.00	%	0.48	%	to	2.55	%	-23.66	%	to	-22.09	%
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	%
	AST Goldman Sachs Small-Cap Value Portfolio (merged June 10, 2022)
December 31, 2022	—	$	11.81	to	$	35.36	$	—	0.00	%	0.48	%	to	2.30	%	-12.52	%	to	-11.81	%
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	%
	AST Moderate Multi-Asset Portfolio (merged December 2, 2022)
December 31, 2022	—	$	13.29	to	$	19.08	$	—	0.00	%	0.55	%	to	2.40	%	-16.53	%	to	-15.12	%
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	%
	AST J.P. Morgan Global Thematic Portfolio
December 31, 2022	9,553	$	14.61	to	$	21.57	$	159,934	0.00	%	0.55	%	to	2.40	%	-18.92	%	to	-17.44	%
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	%
	ProFund VP Consumer Services
December 31, 2022	16	$	10.72	to	$	33.69	$	460	0.00	%	0.35	%	to	1.50	%	-32.54	%	to	-31.77	%
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	%
	ProFund VP Consumer Goods
December 31, 2022	3	$	23.59	to	$	23.59	$	64	0.05	%	1.50	%	to	1.50	%	-25.81	%	to	-25.81	%
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	%

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
	ProFund VP Financials
December 31, 2022	18	$	14.05	to	$	14.89	$	263	0.09	%		1.50	%	to	1.90	%	-16.72	%	to	-16.39	%
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	%
	ProFund VP Health Care
December 31, 2022	10	$	34.89	to	$	41.29	$	362	0.00	%		0.55	%	to	1.90	%	-7.77	%	to	-6.54	%
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	%
	ProFund VP Industrials
December 31, 2022	15	$	21.63	to	$	22.91	$	335	0.00	%		1.50	%	to	1.90	%	-17.17	%	to	-16.85	%
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	%
	ProFund VP Mid-Cap Growth
December 31, 2022	4	$	21.58	to	$	22.87	$	85	0.00	%		1.50	%	to	1.90	%	-21.83	%	to	-21.52	%
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	%
	ProFund VP Mid-Cap Value
December 31, 2022	9	$	20.84	to	$	22.08	$	197	0.14	%		1.50	%	to	1.90	%	-10.16	%	to	-9.80	%
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	%
	ProFund VP Real Estate
December 31, 2022	10	$	14.20	to	$	14.20	$	136	0.75	%		1.50	%	to	1.50	%	-27.64	%	to	-27.64	%
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	%
	ProFund VP Small-Cap Growth
December 31, 2022	3	$	22.96	to	$	24.33	$	68	0.00	%		1.50	%	to	1.90	%	-23.86	%	to	-23.56	%
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	%
	ProFund VP Small-Cap Value
December 31, 2022	8	$	20.37	to	$	21.58	$	165	0.00	%	(1)	1.50	%	to	1.90	%	-14.04	%	to	-13.71	%
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	%
	ProFund VP Telecommunications
December 31, 2022	2	$	11.12	to	$	11.12	$	21	1.86	%		1.50	%	to	1.50	%	-22.38	%	to	-22.38	%
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	%

A134

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 Utilities
December 31, 2022	9		$	19.55	to	$	19.55	$	177	0.92	%	1.50	%	to	1.50	%	-1.72	%	to	-1.72	%
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	%
	ProFund VP Large-Cap Growth
December 31, 2022	6		$	26.43	to	$	28.00	$	177	0.00	%	1.50	%	to	1.90	%	-31.93	%	to	-31.66	%
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	%
	ProFund VP Large-Cap Value
December 31, 2022	9		$	17.57	to	$	18.62	$	176	0.49	%	1.50	%	to	1.90	%	-8.56	%	to	-8.20	%
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	%
	AST Jennison Large-Cap Growth Portfolio (merged June 10, 2022)
December 31, 2022	—		$	12.75	to	$	40.36	$	—	0.00	%	0.48	%	to	2.30	%	-34.59	%	to	-34.06	%
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	%
	Allspring VT International Equity Fund (Class 1)
December 31, 2022	1		$	16.59	to	$	16.59	$	16	4.16	%	1.75	%	to	1.75	%	-13.00	%	to	-13.00	%
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	%
	Allspring VT Omega Growth Fund (Class 1)
December 31, 2022	54		$	5.27	to	$	5.53	$	283	0.00	%	1.50	%	to	1.75	%	-38.13	%	to	-37.97	%
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	%
	AST Bond Portfolio 2022
December 31, 2022	—	(2)	$	11.01	to	$	12.09	$	1	0.00	%	1.75	%	to	2.55	%	-3.13	%	to	-2.37	%
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	%
	AST Quantitative Modeling Portfolio
December 31, 2022	5,052		$	10.82	to	$	18.57	$	73,740	0.00	%	0.48	%	to	2.40	%	-20.65	%	to	-19.14	%
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	%
	AST BlackRock Global Strategies Portfolio
December 31, 2022	7,639		$	10.44	to	$	14.30	$	97,231	0.00	%	0.35	%	to	2.35	%	-18.87	%	to	-17.26	%
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	%

A135

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 Opportunity Fund (Class 1)
December 31, 2022	3	$	28.96	to	$	29.78	$	82	0.00	%	1.50	%	to	1.75	%	-21.97	%	to	-21.78	%
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	%
	AST Prudential Core Bond Portfolio (merged February 11, 2022)
December 31, 2022	—	$	10.08	to	$	12.77	$	—	0.00	%	0.48	%	to	2.30	%	-3.89	%	to	-3.68	%
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	%
	AST Bond Portfolio 2023
December 31, 2022	885	$	9.28	to	$	10.62	$	8,661	0.00	%	1.30	%	to	2.55	%	-6.09	%	to	-4.93	%
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	%
	AST MFS Growth Allocation Portfolio
December 31, 2022	3,526	$	14.19	to	$	17.23	$	53,538	0.00	%	0.55	%	to	2.40	%	-19.80	%	to	-18.33	%
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	%
	AST Western Asset Emerging Markets Debt Portfolio
December 31, 2022	142	$	8.53	to	$	10.70	$	1,332	0.00	%	0.48	%	to	1.95	%	-17.82	%	to	-16.58	%
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	%
	AST MFS Large-Cap Value Portfolio (merged February 11, 2022)
December 31, 2022	—	$	12.87	to	$	27.31	$	—	0.00	%	0.48	%	to	2.15	%	-5.41	%	to	-5.23	%
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	%
	AST Bond Portfolio 2024
December 31, 2022	16	$	9.16	to	$	9.72	$	155	0.00	%	1.75	%	to	2.30	%	-8.77	%	to	-8.23	%
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	%
	AST ClearBridge Dividend Growth Portfolio
December 31, 2022	838	$	12.64	to	$	25.52	$	18,043	0.00	%	0.48	%	to	2.30	%	-9.67	%	to	-7.99	%
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	%
	AST Multi-Sector Fixed Income Portfolio
December 31, 2022	157,088	$	10.13	to	$	10.98	$	1,591,825	0.00	%	1.10	%	to	1.90	%	-22.63	%	to	-22.00	%
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	%

A136

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 Large-Cap Core Portfolio
December 31, 2022	1,375	$	8.58	to	$	24.17	$	29,276	0.00	%	0.35	%	to	2.30	%	-18.90	%	to	-17.28	%
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	%
	AST Bond Portfolio 2025
December 31, 2022	30	$	10.59	to	$	10.98	$	317	0.00	%	1.90	%	to	2.30	%	-10.84	%	to	-10.47	%
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	%
	AST T. Rowe Price Growth Opportunities Portfolio
December 31, 2022	9,844	$	12.02	to	$	16.29	$	147,815	0.00	%	0.35	%	to	1.95	%	-19.50	%	to	-18.19	%
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	%
	AST T. Rowe Price Diversified Real Growth Portfolio
December 31, 2022	944	$	11.30	to	$	15.64	$	13,915	0.00	%	0.48	%	to	0.86	%	-16.95	%	to	-16.63	%
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	%
	AST Prudential Flexible Multi-Strategy Portfolio
December 31, 2022	1,385	$	10.56	to	$	13.99	$	17,976	0.00	%	0.48	%	to	0.86	%	-17.35	%	to	-17.04	%
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	%
	AST Franklin 85/15 Diversified Allocation Portfolio
December 31, 2022	2,688	$	12.00	to	$	13.46	$	33,570	0.00	%	0.55	%	to	1.95	%	-21.24	%	to	-20.12	%
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	%
	AST Bond Portfolio 2026
December 31, 2022	79	$	8.99	to	$	9.39	$	733	0.00	%	1.90	%	to	2.50	%	-12.86	%	to	-12.38	%
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	%
	AST Global Bond Portfolio
December 31, 2022	1,993	$	8.31	to	$	10.23	$	18,259	0.00	%	0.48	%	to	2.30	%	-14.21	%	to	-12.61	%
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	%
	AST QMA International Core Equity Portfolio
December 31, 2022	139	$	10.63	to	$	11.99	$	1,564	0.00	%	0.48	%	to	0.86	%	-15.06	%	to	-14.73	%
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	%

A137

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 Global Allocation V.I. Fund (Class III)
December 31, 2022	574	$	11.12	to	$	13.29	$	7,250	0.00	%	0.48	%	to	0.86	%	-16.79	%	to	-16.48	%
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	%
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)
December 31, 2022	267	$	10.05	to	$	12.34	$	3,033	3.67	%	0.48	%	to	0.86	%	-13.26	%	to	-12.93	%
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	%
	AST Bond Portfolio 2027
December 31, 2022	155	$	8.82	to	$	9.32	$	1,412	0.00	%	1.75	%	to	2.55	%	-14.86	%	to	-14.20	%
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	%
	NVIT Emerging Markets Fund (Class D)
December 31, 2022	26	$	9.76	to	$	9.98	$	253	0.17	%	1.40	%	to	1.75	%	-26.28	%	to	-26.03	%
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	%
	AST Bond Portfolio 2028
December 31, 2022	589	$	9.15	to	$	9.38	$	5,484	0.00	%	1.90	%	to	2.30	%	-16.03	%	to	-15.68	%
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	—	$	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	%
	AST Bond Portfolio 2029 (available January 2, 2018)
December 31, 2022	6	$	9.37	to	$	9.37	$	53	0.00	%	1.90	%	to	1.90	%	-17.57	%	to	-17.57	%
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	%
	AST American Funds Growth Allocation Portfolio (available April 30, 2018)
December 31, 2022	2,971	$	12.07	to	$	12.89	$	36,801	0.00	%	0.55	%	to	1.95	%	-20.66	%	to	-19.53	%
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	%
	AST Bond Portfolio 2030 (available January 2, 2019)
December 31, 2022	293	$	9.40	to	$	9.88	$	2,816	0.00	%	1.30	%	to	2.55	%	-19.19	%	to	-18.19	%
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	%
	AST BlackRock 80/20 Target Allocation ETF Portfolio (available January 28, 2019)
December 31, 2022	1,406	$	13.22	to	$	13.82	$	18,966	0.00	%	0.85	%	to	1.95	%	-17.37	%	to	-16.45	%
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	%

A138

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 60/40 Target Allocation ETF Portfolio (available January 28, 2019)
December 31, 2022	1,160	$	12.03	to	$	12.58	$	14,247	0.00	%	0.85	%	to	1.95	%	-17.15	%	to	-16.23	%
December 31, 2021	2079	$	14.53	to	$	15.02	$	30,671	0.00	%	0.85	%	to	1.95	%	9.41	%	to	10.64	%
December 31, 2020	2108	$	13.28	to	$	13.58	$	28,277	0.00	%	0.85	%	to	1.95	%	13.50	%	to	14.78	%
December 31, 2019	1561	$	11.70	to	$	11.83	$	18,354	0.00	%	0.85	%	to	1.95	%	12.97	%	to	14.14	%
December 31, 2018	0	$	—	to	$	—	$	—	0.00	%	0	%	to	0.00	%	0.00	%	to	0.00	%
	AST Bond Portfolio 2031 (available January 2, 2020)
December 31, 2022	1,478	$	8.12	to	$	8.43	$	12,187	0.00	%	1.30	%	to	2.55	%	-20.76	%	to	-19.78	%
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	%
	MFS® International Growth Portfolio (Service Class) (available April 27, 2020)
December 31, 2022	50	$	12.28	to	$	12.34	$	620	0.38	%	0.48	%	to	0.68	%	-15.76	%	to	-15.59	%
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	%
	MFS® Massachusetts Investors Growth Stock Portfolio (Service Class) (available April 27, 2020)
December 31, 2022	20	$	13.50	to	$	13.59	$	271	0.00	%	0.48	%	to	0.73	%	-20.03	%	to	-19.83	%
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	%
	MFS® Technology Portfolio (Service Class) (available April 27, 2020)
December 31, 2022	322	$	10.43	to	$	10.54	$	3,383	0.00	%	0.48	%	to	0.86	%	-36.40	%	to	-36.16	%
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	%
	MFS® Mid Cap Growth Series (Service Class) (available April 27, 2020)
December 31, 2022	79	$	11.76	to	$	11.88	$	938	0.00	%	0.48	%	to	0.86	%	-29.40	%	to	-29.13	%
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	%
	MFS® New Discovery Series (Service Class) (available April 27, 2020)
December 31, 2022	26	$	11.67	to	$	11.79	$	302	0.00	%	0.48	%	to	0.86	%	-30.60	%	to	-30.33	%
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	%
	MFS® Research Series (Service Class) (available April 27, 2020)
December 31, 2022	9	$	13.15	to	$	13.23	$	117	0.20	%	0.48	%	to	0.68	%	-17.99	%	to	-17.83	%
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	%
	MFS® Total Return Bond Series (Service Class) (available April 27, 2020)
December 31, 2022	466	$	8.94	to	$	9.03	$	4,198	2.64	%	0.48	%	to	0.86	%	-14.92	%	to	-14.59	%
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	%

A139

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® Total Return Series (Service Class) (available April 27, 2020)
December 31, 2022	121	$	12.08	to	$	12.21	$	1,479	1.67	%	0.48	%	to	0.86	%	-10.61	%	to	-10.27	%
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	%
	MFS® Utilities Series (Service Class) (available April 27, 2020)
December 31, 2022	217	$	13.63	to	$	13.77	$	2,987	2.41	%	0.48	%	to	0.86	%	-0.38	%	to	0.00	%
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	%
	American Funds IS Asset Allocation Fund (Class 4) (available August 17, 2020)
December 31, 2022	323	$	10.59	to	$	10.69	$	3,442	1.86	%	0.48	%	to	0.86	%	-14.40	%	to	-14.08	%
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	%
	American Funds IS Washington Mutual Investors Fund℠ (Class 4) (available August 17, 2020)
December 31, 2022	163	$	12.72	to	$	12.83	$	2,083	1.94	%	0.48	%	to	0.86	%	-9.47	%	to	-9.12	%
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	%
	American Funds IS The Bond Fund of America® (Class 4) (available August 17, 2020)
December 31, 2022	477	$	8.63	to	$	8.71	$	4,147	3.69	%	0.48	%	to	0.86	%	-13.50	%	to	-13.17	%
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	%
	American Funds IS Capital World Growth and Income Fund® (Class 4) (available August 17, 2020)
December 31, 2022	75	$	10.51	to	$	10.61	$	790	2.57	%	0.48	%	to	0.86	%	-18.28	%	to	-17.97	%
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	%
	American Funds IS Global Small Capitalization Fund (Class 4) (available August 17, 2020)
December 31, 2022	22	$	9.18	to	$	9.23	$	204	0.00	%	0.48	%	to	0.73	%	-30.20	%	to	-30.03	%
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	%
	American Funds IS Growth Fund (Class 4) (available August 17, 2020)
December 31, 2022	445	$	10.25	to	$	10.31	$	4,577	0.11	%	0.48	%	to	0.73	%	-30.62	%	to	-30.45	%
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	%
	American Funds IS Growth-Income Fund (Class 4) (available August 17, 2020)
December 31, 2022	142	$	11.24	to	$	11.30	$	1,605	1.22	%	0.48	%	to	0.73	%	-17.31	%	to	-17.10	%
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	%

A140

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 International Fund (Class 4) (available August 17, 2020)
December 31, 2022	28	$	9.17	to	$	9.22	$	257	1.84	%	0.48	%	to	0.73	%	-21.60	%	to	-21.40	%
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	%
	American Funds IS New World Fund® (Class 4) (available August 17, 2020)
December 31, 2022	80	$	9.53	to	$	9.61	$	768	1.18	%	0.48	%	to	0.86	%	-22.92	%	to	-22.63	%
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	%
	BlackRock Advantage Large Cap Core V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	75	$	11.31	to	$	11.38	$	856	0.92	%	0.48	%	to	0.73	%	-20.74	%	to	-20.54	%
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	%
	BlackRock Advantage Large Cap Value V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	52	$	12.78	to	$	12.90	$	674	1.51	%	0.48	%	to	0.86	%	-9.19	%	to	-8.85	%
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	%
	BlackRock Capital Appreciation V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	59	$	8.59	to	$	8.64	$	507	0.00	%	0.48	%	to	0.73	%	-38.26	%	to	-38.11	%
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	%
	BlackRock Equity Dividend V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	147	$	12.76	to	$	12.88	$	1,897	1.58	%	0.48	%	to	0.86	%	-4.93	%	to	-4.56	%
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	%
	BlackRock Large Cap Focus Growth V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	65	$	8.17	to	$	8.21	$	534	0.00	%	0.48	%	to	0.73	%	-38.70	%	to	-38.55	%
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	%
	Fidelity® VIP Balanced Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2022	479	$	10.62	to	$	10.68	$	5,112	1.15	%	0.48	%	to	0.73	%	-18.78	%	to	-18.58	%
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	%
	Fidelity® VIP Contrafund® Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2022	411	$	10.11	to	$	10.20	$	4,187	0.29	%	0.48	%	to	0.86	%	-27.12	%	to	-26.84	%
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	%

A141

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
	Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2022	331	$	8.37	to	$	8.44	$	2,793	0.00	%	0.48	%	to	0.86	%	-38.85	%	to	-38.61	%
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	%
	Fidelity® VIP Health Care Portfolio (Service Class 2) (available August 17, 2020)
December 31, 2022	364	$	10.42	to	$	10.51	$	3,818	0.00	%	0.48	%	to	0.86	%	-13.37	%	to	-13.04	%
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	%
	BlackRock Basic Value V.I. Fund (Class III) (available August 17, 2020)
December 31, 2022	37	$	13.00	to	$	13.11	$	484	1.66	%	0.48	%	to	0.86	%	-5.94	%	to	-5.58	%
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	%
	AST Bond Portfolio 2032 (available January 4, 2021)
December 31, 2022	945	$	7.19	to	$	7.37	$	6,869	0.00	%	1.30	%	to	2.55	%	-22.15	%	to	-21.19	%
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	%
	PSF Global Portfolio (Class III) (available April 26, 2021)
December 31, 2022	7	$	8.55	to	$	8.58	$	59	0.00	%	0.48	%	to	0.66	%	-19.54	%	to	-19.39	%
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	%
	PSF Mid-Cap Growth Portfolio (Class III) (available April 26, 2021)
December 31, 2022	35	$	7.40	to	$	7.43	$	260	0.00	%	0.48	%	to	0.68	%	-27.65	%	to	-27.51	%
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	%
	PSF Natural Resources Portfolio (Class III) (available April 26, 2021)
December 31, 2022	87	$	13.29	to	$	13.34	$	1,158	0.00	%	0.48	%	to	0.73	%	20.99	%	to	21.29	%
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	%
	PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)
December 31, 2022	185	$	9.04	to	$	9.10	$	1,680	0.00	%	0.48	%	to	0.86	%	-15.63	%	to	-15.31	%
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	%

A142

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 Flexible Managed Portfolio (Class III) (available April 26, 2021)
December 31, 2022	104	$	9.10	to	$	9.13	$	946	0.00	%	0.48	%	to	0.68	%	-15.49	%	to	-15.32	%
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	%
	PSF PGIM Government Income Portfolio (Class III) (available April 26, 2021)
December 31, 2022	183	$	8.45	to	$	8.48	$	1,552	0.00	%	0.48	%	to	0.66	%	-14.25	%	to	-14.10	%
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	%
	PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)
December 31, 2022	271	$	9.07	to	$	9.13	$	2,473	0.00	%	0.48	%	to	0.86	%	-12.17	%	to	-11.84	%
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	%
	PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)
December 31, 2022	33	$	8.24	to	$	8.27	$	273	0.00	%	0.48	%	to	0.73	%	-25.83	%	to	-25.64	%
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	%
	PSF PGIM Jennison Focused Blend Portfolio (Class III) (available April 26, 2021)
December 31, 2022	8	$	7.85	to	$	7.88	$	64	0.00	%	0.48	%	to	0.66	%	-26.43	%	to	-26.30	%
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	%
	PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)
December 31, 2022	294	$	6.83	to	$	6.85	$	2,012	0.00	%	0.48	%	to	0.73	%	-38.21	%	to	-38.05	%
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	%
	PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)
December 31, 2022	76	$	10.07	to	$	10.13	$	765	0.00	%	0.48	%	to	0.86	%	-8.91	%	to	-8.56	%
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	%
	PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)
December 31, 2022	359	$	8.53	to	$	8.58	$	3,075	0.00	%	0.48	%	to	0.86	%	-15.82	%	to	-15.50	%
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	%

A143

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 Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)
December 31, 2022	197	$	8.58	to	$	8.63	$	1,695	0.00	%	0.48	%	to	0.86	%	-17.30	%	to	-16.98	%
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	%
	PSF Stock Index Portfolio (Class III) (available April 26, 2021)
December 31, 2022	612	$	9.21	to	$	9.27	$	5,667	0.00	%	0.48	%	to	0.86	%	-19.24	%	to	-18.93	%
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	%
	MFS® Investors Trust Series (Service Class) (available April 27, 2020)
December 31, 2022	15	$	13.54	to	$	13.60	$	204	0.44	%	0.48	%	to	0.66	%	-17.24	%	to	-17.09	%
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	%
	MFS® International Intrinsic Value Portfolio (Initial Class) (available November 30, 2020)
December 31, 2022	5	$	9.99	to	$	9.99	$	55	0.76	%	0.40	%	to	0.40	%	-23.86	%	to	-23.86	%
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	%
	MFS® Mid Cap Growth Series (Initial Class) (available November 30, 2020)
December 31, 2022	1	$	10.29	to	$	10.29	$	10	0.00	%	0.40	%	to	0.40	%	-28.98	%	to	-28.98	%
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	%
	Western Asset Core Plus VIT Portfolio (Class I) (available November 30, 2020)
December 31, 2022	3	$	8.55	to	$	8.55	$	22	1.98	%	0.40	%	to	0.40	%	-17.56	%	to	-17.56	%
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	%
	ClearBridge Variable Small Cap Growth Portfolio (Class I) (available November 30, 2020)
December 31, 2022	3	$	10.83	to	$	10.83	$	32	0.00	%	0.40	%	to	0.40	%	-29.13	%	to	-29.13	%
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	%
	ClearBridge Variable Large Cap Growth Portfolio (Class I) (available November 30, 2020)
December 31, 2022	—	$	10.10	to	$	10.10	$	—	0.00	%	0.40	%	to	0.40	%	-32.52	%	to	-32.52	%
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	%
	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) (available November 30, 2020)
December 31, 2022	3	$	9.71	to	$	9.71	$	32	0.27	%	0.40	%	to	0.40	%	-26.69	%	to	-26.69	%
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	%

A144

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
	Fidelity® VIP Mid Cap Portfolio (Initial Class) (available November 30, 2020)
December 31, 2022	5	$	12.27	to	$	12.27	$	59	0.49	%	0.40	%	to	0.40	%	-15.08	%	to	-15.08	%
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	%
	Fidelity® VIP Emerging Markets Portfolio (Initial Class) (available November 30, 2020)
December 31, 2022	8	$	10.27	to	$	10.27	$	85	1.89	%	0.40	%	to	0.40	%	-20.43	%	to	-20.43	%
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	%
	DFA VA U.S. Targeted Value Portfolio (available November 30, 2020)
December 31, 2022	3	$	14.19	to	$	14.19	$	45	1.32	%	0.75	%	to	0.75	%	-4.93	%	to	-4.93	%
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	%
	BlackRock Large Cap Focus Growth V.I. Fund (Class I) (available November 30, 2020)
December 31, 2022	23	$	9.46	to	$	9.46	$	220	0.00	%	0.40	%	to	0.40	%	-38.35	%	to	-38.35	%
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	%
	American Funds IS U.S. Government Securities Fund® (Class 1) (available November 30, 2020)
December 31, 2022	10	$	9.43	to	$	9.43	$	98	3.94	%	0.75	%	to	0.75	%	-11.41	%	to	-11.41	%
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	%
	American Funds IS The Bond Fund of America® (Class 1) (available November 30, 2020)
December 31, 2022	1	$	9.20	to	$	9.20	$	12	3.10	%	0.75	%	to	0.75	%	-12.92	%	to	-12.92	%
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	%
	Vanguard International Portfolio (available November 30, 2020)
December 31, 2022	19	$	10.26	to	$	10.29	$	199	1.35	%	0.75	%	to	0.85	%	-30.71	%	to	-30.64	%
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	%
	Vanguard Diversified Value Portfolio (available November 30, 2020)
December 31, 2022	15	$	12.47	to	$	12.47	$	189	1.15	%	0.75	%	to	0.75	%	-12.15	%	to	-12.15	%
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	%

A145

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 Total International Stock Market Index Portfolio (available November 30, 2020)
December 31, 2022	4		$	10.11	to	$	10.11	$	41	2.79	%	0.75	%	to	0.75	%	-16.64	%	to	-16.64	%
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	%
	Vanguard Mid-Cap Index Portfolio (available November 30, 2020)
December 31, 2022	10		$	11.29	to	$	11.29	$	107	1.22	%	0.75	%	to	0.75	%	-19.43	%	to	-19.43	%
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	%
	Vanguard Equity Index Portfolio (available November 30, 2020)
December 31, 2022	—	(2)	$	11.74	to	$	11.74	$	3	3.96	%	0.75	%	to	0.75	%	-18.84	%	to	-18.84	%
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	%
	MFS® Total Return Bond Series (Initial Class) (available November 30, 2020)
December 31, 2022	1		$	8.91	to	$	8.91	$	11	2.83	%	0.40	%	to	0.40	%	-14.28	%	to	-14.28	%
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	%
	Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) (available November 30, 2020)
December 31, 2022	11		$	9.13	to	$	9.13	$	96	2.09	%	0.40	%	to	0.40	%	-13.31	%	to	-13.31	%
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	%
	MFS® New Discovery Series (Initial Class) (available November 30, 2020)
December 31, 2022	4		$	9.88	to	$	9.88	$	42	0.00	%	0.40	%	to	0.40	%	-30.04	%	to	-30.04	%
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	%
	ClearBridge Variable Dividend Strategy Portfolio (Class I) (available November 30, 2020)
December 31, 2022	11		$	12.22	to	$	12.22	$	129	1.42	%	0.40	%	to	0.40	%	-8.47	%	to	-8.47	%
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	%
	MFS® Utilities Series (Initial Class)(4)
December 31, 2022	2		$	11.18	to	$	11.21	$	20	2.60	%	0.40	%	to	0.50	%	0.25	%	to	0.35	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%

A146

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 Real Estate Index Portfolio (available November 15, 2018)(4)
December 31, 2022	3		$	8.98	to	$	8.98	$	23	0.25	%	0.75	%	to	0.75	%	-26.85	%	to	-26.85	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard Total Bond Market Index Portfolio (available November 15, 2018)(4)
December 31, 2022	3		$	8.73	to	$	8.75	$	29	2.06	%	0.75	%	to	0.85	%	-13.95	%	to	-13.86	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard Equity Income Portfolio (available November 15, 2018)(4)
December 31, 2022	11		$	12.44	to	$	12.47	$	132	3.04	%	0.75	%	to	0.85	%	-1.50	%	to	-1.40	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard High Yield Bond Portfolio (available November 15, 2018)(4)
December 31, 2022	2		$	9.57	to	$	9.60	$	21	6.08	%	0.75	%	to	0.85	%	-10.13	%	to	-10.04	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard Short-Term Investment Grade Portfolio (available November 15, 2018)(4)
December 31, 2022	4		$	9.55	to	$	9.55	$	40	2.02	%	0.85	%	to	0.85	%	-6.52	%	to	-6.52	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	PSF Natural Resources Portfolio (Class I)(4)
December 31, 2022	4		$	17.55	to	$	17.60	$	70	0.00	%	0.40	%	to	0.50	%	21.43	%	to	21.55	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard Total Stock Market Index Portfolio (available November 15, 2018)(4)
December 31, 2022	8		$	11.50	to	$	11.50	$	89	0.00	%	0.75	%	to	0.75	%	-20.19	%	to	-20.19	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Vanguard Balanced Portfolio (available November 15, 2018)(4)
December 31, 2022	—	(2)	$	10.79	to	$	10.79	$	4	0.00	%	0.75	%	to	0.75	%	-14.94	%	to	-14.94	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%

A147

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 Growth Portfolio (available November 15, 2018)(4)
December 31, 2022	11		$	10.10	to	$	10.12	$	107	0.00	%	0.75	%	to	0.85	%	-33.93	%	to	-33.86	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	DFA VA International Value Portfolio (available February 24, 2020)(4)
December 31, 2022	3		$	11.47	to	$	11.50	$	29	8.01	%	0.75	%	to	0.85	%	-4.27	%	to	-4.18	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Fidelity® VIP Floating Rate High Income Portfolio (Initial Class) (available February 24, 2020)(4)
December 31, 2022	1		$	10.56	to	$	10.56	$	7	7.18	%	0.50	%	to	0.50	%	-1.01	%	to	-1.01	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	American Funds IS Washington Mutual Investors Fund℠ (Class 1) (available February 24, 2020)(4)
December 31, 2022	1		$	12.42	to	$	12.42	$	11	7.38	%	0.75	%	to	0.75	%	-8.96	%	to	-8.96	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	American Funds IS Growth Fund (Class 1) (available February 24, 2020)(4)
December 31, 2022	1		$	11.74	to	$	11.74	$	10	2.09	%	0.75	%	to	0.75	%	-30.28	%	to	-30.28	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	American Funds IS Growth-Income Fund (Class 1) (available February 24, 2020)(4)
December 31, 2022	1		$	11.32	to	$	11.32	$	11	5.52	%	0.75	%	to	0.75	%	-16.91	%	to	-16.91	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%
	Fidelity® VIP Technology Portfolio (Initial Class) (available February 24, 2020)(4)
December 31, 2022	—	(2)	$	12.23	to	$	12.23	$	5	0.00	%	0.40	%	to	0.40	%	-36.11	%	to	-36.11	%
December 31, 2021	—		$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
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	%

A148

Note 7:    Financial Highlights (continued)

*	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, 2022 or for the periods indicated within.

(1)     Amount is less than 0.01%.

(2)    Amount is less than 1,000 units.

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

(4)     Subaccount became available for investment prior to 2022 but had no activity until 2022.

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.

A149

Note 8:    Charges and Expenses (continued)

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%.

(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).

A150

Note 8:    Charges and Expenses (continued)

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.

A151

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 Bond Portfolio 2026 (1)
PSF PGIM Total Return Bond Portfolio (Class I) (1)	AST Global Bond Portfolio (1)
PSF PGIM Jennison Blend Portfolio (Class I) (1)	AST QMA International Core Equity Portfolio (1)
PSF PGIM Jennison Value Portfolio (Class I) (1)	BlackRock Global Allocation V.I. Fund (Class III) (1)
PSF PGIM High Yield Bond Portfolio (Class I) (1)	JPMorgan Insurance Trust Income Builder Portfolio (Class 2) (1)
PSF Stock Index Portfolio (Class I) (1)	AST Bond Portfolio 2027 (1)
PSF Global Portfolio (Class I) (1)	NVIT Emerging Markets Fund (Class D) (1)
PSF PGIM Jennison Growth Portfolio (Class I) (1)	AST Bond Portfolio 2028 (1)
PSF Small-Cap Stock Index Portfolio (Class I) (1)	AST Bond Portfolio 2029 (1)
T. Rowe Price International Stock Portfolio (1)	AST American Funds Growth Allocation Portfolio (1)
T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class) (1)	AST Bond Portfolio 2030 (1)
Invesco V.I. Core Equity Fund (Series I) (1)	AST BlackRock 80/20 Target Allocation ETF Portfolio (1)
Janus Henderson VIT Research Portfolio (Institutional Shares) (1)	AST BlackRock 60/40 Target Allocation ETF Portfolio (1)
Janus Henderson VIT Overseas Portfolio (Institutional Shares) (1)	AST Bond Portfolio 2031 (1)
MFS® Research Series (Initial Class) (1)	MFS® International Growth Portfolio (Service Class) (1)
MFS® Growth Series (Initial Class) (1)	MFS® Massachusetts Investors Growth Stock Portfolio (Service Class) (1)
American Century VP Value Fund (Class I) (1)	MFS® Technology Portfolio (Service Class) (1)
Franklin Small-Mid Cap Growth VIP Fund (Class 2) (1)	MFS® Mid Cap Growth Series (Service Class) (1)
PSF PGIM Jennison Focused Blend Portfolio (Class I) (1)	MFS® New Discovery Series (Service Class) (1)
Davis Value Portfolio (1)	MFS® Research Series (Service Class) (1)
AB VPS Large Cap Growth Portfolio (Class B) (1)	MFS® Total Return Bond Series (Service Class) (1)
PSF Small-Cap Value Portfolio (Class I) (1)	MFS® Total Return Series (Service Class) (1)
Janus Henderson VIT Research Portfolio Service Shares) (1)	MFS® Utilities Series (Service Class) (1)
PSF Mid-Cap Growth Portfolio (Class I) (1)	American Funds IS Asset Allocation Fund (Class 4) (1)
PSF International Growth Portfolio (Class I) (1)	American Funds IS Washington Mutual Investors Fund℠ (Class 4) (1)

A152

AST Cohen & Steers Realty Portfolio (1)	American Funds IS The Bond Fund of America® (Class 4) (1)
AST J.P. Morgan Tactical Preservation Portfolio (1)	American Funds IS Capital World Growth and Income Fund® (Class 4) (1)
AST T. Rowe Price Large-Cap Value Portfolio (5)	American Funds IS Global Small Capitalization Fund (Class 4) (1)
AST High Yield Portfolio (1)	American Funds IS Growth Fund (Class 4) (1)
AST Small-Cap Growth Opportunities Portfolio (7)	American Funds IS Growth-Income Fund (Class 4) (1)
AST Small-Cap Value Portfolio (1)	American Funds IS International Fund (Class 4) (1)
AST Mid-Cap Growth Portfolio (1)	American Funds IS New World Fund® (Class 4) (1)
AST Large-Cap Value Portfolio (1)	BlackRock Advantage Large Cap Core V.I. Fund (Class III) (1)
AST Loomis Sayles Large-Cap Growth Portfolio (6)	BlackRock Advantage Large Cap Value V.I. Fund (Class III) (1)
AST MFS Growth Portfolio (6)	BlackRock Capital Appreciation V.I. Fund (Class III) (1)
AST Mid-Cap Value Portfolio (1)	BlackRock Equity Dividend V.I. Fund (Class III) (1)
AST BlackRock Low Duration Bond Portfolio (5)	BlackRock Large Cap Focus Growth V.I. Fund (Class III) (1)
AST T. Rowe Price Natural Resources Portfolio (1)	Fidelity® VIP Balanced Portfolio (Service Class 2) (1)
AST T. Rowe Price Asset Allocation Portfolio (1)	Fidelity® VIP Contrafund® Portfolio (Service Class 2) (1)
AST MFS Global Equity Portfolio (1)	Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) (1)
AST J.P. Morgan International Equity Portfolio (1)	Fidelity® VIP Health Care Portfolio (Service Class 2) (1)
AST Wellington Management Hedged Equity Portfolio (1)	BlackRock Basic Value V.I. Fund (Class III) (1)
AST Capital Growth Asset Allocation Portfolio (1)	AST Bond Portfolio 2032 (2)
AST Academic Strategies Asset Allocation Portfolio (1)	PSF Global Portfolio (Class III) (3)
AST Balanced Asset Allocation Portfolio (1)	PSF Mid-Cap Growth Portfolio (Class III) (3)
AST Preservation Asset Allocation Portfolio (1)	PSF Natural Resources Portfolio (Class III) (3)
AST Prudential Growth Allocation Portfolio (1)	PSF PGIM 50/50 Balanced Portfolio (Class III) (3)
AST Advanced Strategies Portfolio (1)	PSF PGIM Flexible Managed Portfolio (Class III) (3)
AST Large-Cap Growth Portfolio (1)	PSF PGIM Government Income Portfolio (Class III) (3)
AST Government Money Market Portfolio (1)	PSF PGIM High Yield Bond Portfolio (Class III) (3)
AST Small-Cap Growth Portfolio (1)	PSF PGIM Jennison Blend Portfolio (Class III) (3)
AST BlackRock/Loomis Sayles Bond Portfolio (5)	PSF PGIM Jennison Focused Blend Portfolio (Class III) (3)
AST International Value Portfolio (1)	PSF PGIM Jennison Growth Portfolio (Class III) (3)
AST International Growth Portfolio (1)	PSF PGIM Jennison Value Portfolio (Class III) (3)
AST Investment Grade Bond Portfolio (1)	PSF PGIM Total Return Bond Portfolio (Class III) (3)
AST Core Fixed Income Portfolio (1)	PSF Small-Cap Stock Index Portfolio (Class III) (3)
AST Cohen & Steers Global Realty Portfolio (1)	PSF Stock Index Portfolio (Class III) (3)
AST Emerging Markets Equity Portfolio (1)	MFS® Investors Trust Series (Service Class) (1)
AST Goldman Sachs Small-Cap Value Portfolio (6)	MFS® International Intrinsic Value Portfolio (Initial Class) (1)
AST Moderate Multi-Asset Portfolio (4)	MFS® Mid Cap Growth Series (Initial Class) (1)
AST J.P. Morgan Global Thematic Portfolio (1)	Western Asset Core Plus VIT Portfolio (Class I) (1)
ProFund VP Consumer Services (1)	ClearBridge Variable Small Cap Growth Portfolio (Class I) (1)

A153

ProFund VP Consumer Goods (1)	ClearBridge Variable Large Cap Growth Portfolio (Class I) (1)
ProFund VP Financials (1)	Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) (1)
ProFund VP Health Care (1)	Fidelity® VIP Mid Cap Portfolio (Initial Class) (1)
ProFund VP Industrials (1)	Fidelity® VIP Emerging Markets Portfolio (Initial Class) (1)
ProFund VP Mid-Cap Growth (1)	DFA VA U.S. Targeted Value Portfolio (1)
ProFund VP Mid-Cap Value (1)	BlackRock Large Cap Focus Growth V.I. Fund (Class I) (1)
ProFund VP Real Estate (1)	American Funds IS U.S. Government Securities Fund® (Class 1) (1)
ProFund VP Small-Cap Growth (1)	American Funds IS The Bond Fund of America® (Class 1) (1)
ProFund VP Small-Cap Value (1)	Vanguard International Portfolio (1)
ProFund VP Telecommunications (1)	Vanguard Diversified Value Portfolio (1)
ProFund VP Utilities (1)	Vanguard Total International Stock Market Index Portfolio (1)
ProFund VP Large-Cap Growth (1)	Vanguard Mid-Cap Index Portfolio (1)
ProFund VP Large-Cap Value (1)	Vanguard Equity Index Portfolio (1)
AST Jennison Large-Cap Growth Portfolio (6)	MFS® Total Return Bond Series (Initial Class) (1)
Allspring VT International Equity Fund (Class 1) (1)	Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) (1)
Allspring VT Omega Growth Fund (Class 1) (1)	MFS® New Discovery Series (Initial Class) (1)
AST Bond Portfolio 2022 (1)	ClearBridge Variable Dividend Strategy Portfolio (Class I) (1)
AST Quantitative Modeling Portfolio (1)	MFS® Utilities Series (Initial Class) (1)
AST BlackRock Global Strategies Portfolio (1)	Vanguard Real Estate Index Portfolio (1)
Allspring VT Opportunity Fund (Class 1) (1)	Vanguard Total Bond Market Index Portfolio (1)
AST Prudential Core Bond Portfolio (5)	Vanguard Equity Income Portfolio (1)
AST Bond Portfolio 2023 (1)	Vanguard High Yield Bond Portfolio (1)
AST MFS Growth Allocation Portfolio (1)	Vanguard Short-Term Investment Grade Portfolio (1)
AST Western Asset Emerging Markets Debt Portfolio (1)	PSF Natural Resources Portfolio (Class I) (1)
AST MFS Large-Cap Value Portfolio (5)	Vanguard Total Stock Market Index Portfolio (1)
AST Bond Portfolio 2024 (1)	Vanguard Balanced Portfolio (1)
AST ClearBridge Dividend Growth Portfolio (1)	Vanguard Growth Portfolio (1)
AST Multi-Sector Fixed Income Portfolio (1)	DFA VA International Value Portfolio (1)
AST Large-Cap Core Portfolio (1)	Fidelity® VIP Floating Rate High Income Portfolio (Initial Class) (1)
AST Bond Portfolio 2025 (1)	American Funds IS Washington Mutual Investors Fund℠ (Class 1) (1)
AST T. Rowe Price Growth Opportunities Portfolio (1)	American Funds IS Growth Fund (Class 1) (1)
AST T. Rowe Price Diversified Real Growth Portfolio (1)	American Funds IS Growth-Income Fund (Class 1) (1)
AST Prudential Flexible Multi-Strategy Portfolio (1)	Fidelity® VIP Technology Portfolio (Initial Class) (1)
AST Franklin 85/15 Diversified Allocation Portfolio (1)
(1)Statement of net assets as of December 31, 2022, statement of operations for the period ended December 31, 2022 and statement of changes in net assets for the periods ended December 31, 2022 and 2021.

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(2)Statement of net assets as of December 31, 2022, statement of operations for the period ended December 31, 2022 and statement of changes in net assets for the period ended December 31, 2022 and for the period January 4, 2021 (commencement of operations) to December 31, 2021.

(3)Statement of net assets as of December 31, 2022, statement of operations for the period ended December 31, 2022 and statement of changes in net assets for the period ended December 31, 2022 and for the period April 26, 2021 (commencement of operations) to December 31, 2021.

(4)Statement of net assets as of December 2, 2022 (date of merger), statement of operations for the period January 1, 2022 to December 2, 2022 and statement of changes in net assets for the period January 1, 2022 to December 2, 2022 and for the period ended December 31, 2021.

(5)Statement of net assets as of February 11, 2022 (date of merger), statement of operations for the period January 1, 2022 to February 11, 2022 and statement of changes in net assets for the period January 1, 2022 to February 11, 2022 and for the period ended December 31, 2021.

(6)Statement of net assets as of June 10, 2022 (date of merger), statement of operations for the period January 1, 2022 to June 10, 2022 and statement of changes in net assets for the period January 1, 2022 to June 10, 2022 and for the period ended December 31, 2021.

(7)Statement of net assets as of September 9, 2022 (date of merger), statement of operations for the period January 1, 2022 to September 9, 2022 and statement of changes in net assets for the period January 1, 2022 to September 9, 2022 and for the period ended December 31, 2021.

Basis for Opinions

These financial statements are the responsibility of the 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.

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, 2022 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 6, 2023

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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