XBLC NY 2019 333-162678 Combined Document

ASU 2018-12 Amended Topic

Description

Method of adoption

Effect on the financial statements or other significant matters

Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products

Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Statements of Operations.

An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method.

The options for method of adoption and the impacts of such methods are under assessment.

485BPOS 1 xblcny2019combo.htm 485BPOS XBLC NY 2019 333-162678 Combined Document

Filed with the Securities and Exchange Commission on April 8, 2019

REGISTRATION NO. 333-162678

INVESTMENT COMPANY ACT NO. 811-07975

===============================================================================================

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM N-4

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REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

POST-EFFECTIVE AMENDMENT NO. 28

and

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940

AMENDMENT NO. 165

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PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

(Exact Name of Registrant)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

(Name of Depositor)

213 WASHINGTON STREET

NEWARK, NEW JERSEY 07102-2992

(973) 802-7333

(Address and telephone number of Depositor's principal executive offices)

-----------------

SUN-JIN MOON, ESQ.

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

213 WASHINGTON STREEET

NEWARK, NEW JERSEY 07102-2992

(973) 802-6000

(Name, address and telephone number of agent for service)

COPIES TO:

DOUGLAS E. SCULLY

VICE PRESIDENT

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

ONE CORPORATE DRIVE

SHELTON, CONNECTICUT 06484

(203) 925-6960

Approximate Date of Proposed Sale to the Public: Continuous

-----------------

It is proposed that this filing become effective: (check appropriate space)

[ ] immediately upon filing pursuant to paragraph (b) of Rule 485

[ X ] on April 29, 2019 pursuant to paragraph (b) of Rule 485

[ ] 60 days after filing pursuant to paragraph (a)(i) of Rule 485

[ ] on __________ pursuant to paragraph (a)(i) of Rule 485

[ ] 75 days after filing pursuant to paragraph (a)(ii) of Rule 485

[ ] on __________ pursuant to paragraph (a)(ii) of Rule 485

If appropriate, check the following box:

[ ] This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

TITLE OF SECURITIES BEING REGISTERED:

Units of interest in Separate Accounts under variable annuity contracts.

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

A Prudential Financial Company

751 Broad Street, Newark, NJ 07102-3777

PRUDENTIAL PREMIER^® RETIREMENT VARIABLE ANNUITY X SERIES^SM (“X SERIES”)

PRUDENTIAL PREMIER^® RETIREMENT VARIABLE ANNUITY B SERIES^SM (“B SERIES”)

PRUDENTIAL PREMIER^® RETIREMENT VARIABLE ANNUITY L SERIES^SM (“L SERIES”)

PRUDENTIAL PREMIER^® RETIREMENT VARIABLE ANNUITY C SERIES^SM (“C SERIES”)

(For Annuities purchased prior to February 25, 2013)

Flexible Premium Deferred Annuities

PROSPECTUS: April 29, 2019

This prospectus describes four different flexible premium deferred annuity classes offered by Pruco Life Insurance Company of New Jersey (“Pruco Life of New Jersey”, “we”, “our”, or “us”). This prospectus is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional. For convenience in this prospectus, we sometimes refer to each of these annuity contracts as an “Annuity”, and to the annuity contracts collectively as the “Annuities.” We also sometimes refer to each class by its specific name (e.g., the “B Series”). If you are receiving this prospectus, it is because you currently own one of these Annuities These Annuities are no longer offered for new sales. Each Annuity may be offered as an individual annuity contract or as an interest in a group annuity. Each Annuity has different features and benefits that may be appropriate for you based on your financial situation, your age and how you intend to use the Annuity. Financial professionals may be compensated for the sale of each Annuity. Selling broker-dealer firms through which each Annuity is sold may not make available or may not recommend all the Annuities and/or benefits described in this prospectus. In addition, selling broker-dealer firms may decline to recommend to customers certain of the optional features and Investment Options offered generally under the Annuity or may impose restrictions (e.g., a lower maximum issue age for certain Annuities and/or optional benefits). Please speak to your financial professional for further details. The guarantees provided by the optional benefits are the obligations of and subject to the claims paying ability of Pruco Life of New Jersey. Certain terms are capitalized in this prospectus. Those terms are either defined in the Glossary of Terms or in the context of the particular section. Because the X Series Annuity grants Purchase Credits with respect to certain Purchase Payments you make, the expenses of the X Series Annuity are higher than expenses for an Annuity without a Purchase Credit. In addition, the amount of the Purchase Credits that you receive under the X Series Annuity may be more than offset over time by the additional fees and charges associated with the Purchase Credit.

IMPORTANT INFORMATION

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the annual and semi-annual shareholder reports for portfolios available under your contract will no longer be sent by mail, unless you specifically request paper copies of the reports from us. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from us electronically anytime at our website www.prudential.com. You may elect to receive all future shareholder reports in paper free of charge by calling 1-888-778-2888. Your election to receive reports in paper will apply to all portfolios available under your contract.

THE SUB-ACCOUNTS

The Pruco Life of New Jersey Flexible Premium Variable Annuity Account is a Separate Account of Pruco Life of New Jersey, and is the investment vehicle in which your Purchase Payments invested in the Sub-accounts are held. Each Sub-account of the Pruco Life of New Jersey Flexible Premium Variable Annuity Account invests in an underlying mutual fund – see the following page for a complete list of Sub-accounts. Currently, portfolios of Advanced Series Trust are being offered. Certain Sub-accounts are not available if you participate in an optional living benefit – see “Limitations With Optional Benefits” later in this prospectus for details.

PLEASE READ THIS PROSPECTUS

This prospectus sets forth information about the Annuities that you should know before investing. Please read this prospectus and the current prospectus for the underlying mutual funds. Keep them for future reference. If you are purchasing one of the Annuities as a replacement for an existing variable annuity or variable life policy, or a fixed insurance policy, you should consider any surrender or penalty charges you may incur and any benefits you may also be forfeiting when replacing your existing coverage and that this Annuity may be subject to a Contingent Deferred Sales Charge if you elect to surrender the Annuity or take a partial withdrawal. You should consider your need to access the Annuity’s Account Value and whether the Annuity’s liquidity features will satisfy that need. Please note that if you are investing in this Annuity through a tax-advantaged retirement plan (such as an Individual Retirement Account or 401(k) plan), you will get no additional tax advantage through the Annuity itself.

PPRTNY2PROS

AVAILABLE INFORMATION

We have also filed a Statement of Additional Information dated the same date as this prospectus that is available from us, without charge, upon your request. The contents of the Statement of Additional Information are described at the end of this prospectus – see Table of Contents. The Statement of Additional Information is incorporated by reference into this prospectus. This prospectus is part of the registration statement we filed with the SEC regarding this offering. Additional information on us and this offering is available in the registration statement and the exhibits thereto. You may review and obtain copies of these materials at no cost to you by contacting us. These documents, as well as documents incorporated by reference, may also be obtained through the SEC’s Internet Website (www.sec.gov) for this registration statement as well as for other registrants that file electronically with the SEC. Please see the section of this prospectus entitled “How to Contact Us” later in this prospectus for our Service Office address.

In compliance with U.S. law, Pruco Life of New Jersey delivers this prospectus to current contract owners that reside outside of the United States. In addition, we may not market or offer benefits, features or enhancements to prospective or current contract owners while outside of the United States.

These Annuities are NOT deposits or obligations of, or issued, guaranteed or endorsed by, any bank, and are NOT insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency. An investment in an annuity involves investment risks, including possible loss of value, even with respect to amounts allocated to the AST Government Money Market Sub-account.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

PRUDENTIAL, PRUDENTIAL FINANCIAL, PRUDENTIAL ANNUITIES AND THE ROCK LOGO ARE SERVICEMARKS OF THE PRUDENTIAL

INSURANCE COMPANY OF AMERICA AND ITS AFFILIATES. OTHER PROPRIETARY PRUDENTIAL MARKS MAY BE DESIGNATED AS SUCH THROUGH USE OF THE ^SM OR ^® SYMBOLS.

FOR FURTHER INFORMATION CALL: 1-888-PRU-2888 OR GO TO OUR WEBSITE AT WWW.PRUDENTIALANNUITIES.COM



Prospectus Dated: April 29, 2019	Statement of Additional Information Dated: April 29, 2019

VARIABLE INVESTMENT OPTIONS

Advanced Series Trust

AST Academic Strategies Asset Allocation Portfolio¹

AST Advanced Strategies Portfolio¹

AST AllianzGI World Trends Portfolio¹

AST AQR Emerging Markets Equity Portfolio⁴

AST AQR Large-Cap Portfolio⁴

AST Balanced Asset Allocation Portfolio¹

AST BlackRock Global Strategies Portfolio¹

AST BlackRock Low Duration Bond Portfolio³

AST BlackRock/Loomis Sayles Bond Portfolio³

AST Bond Portfolio 2019²

AST Bond Portfolio 2020²

AST Bond Portfolio 2021²

AST Bond Portfolio 2022²

AST Bond Portfolio 2023²

AST Bond Portfolio 2024²

AST Bond Portfolio 2025²

AST Bond Portfolio 2026²

AST Bond Portfolio 2027²

AST Bond Portfolio 2028²

AST Bond Portfolio 2029²

AST Bond Portfolio 2030²

AST Capital Growth Asset Allocation Portfolio¹

AST ClearBridge Dividend Growth Portfolio³

AST Cohen & Steers Global Realty Portfolio³

AST Cohen & Steers Realty Portfolio³

AST Fidelity Institutional AM^® Quantitative Portfolio^1,5

AST Goldman Sachs Multi-Asset Portfolio¹

AST Goldman Sachs Small-Cap Value Portfolio³

AST Government Money Market Portfolio³

AST High Yield Portfolio³

AST Hotchkis & Wiley Large-Cap Value Portfolio³

AST International Growth Portfolio³

AST International Value Portfolio³

AST Investment Grade Bond Portfolio²

AST J.P. Morgan Global Thematic Portfolio¹

AST J.P. Morgan International Equity Portfolio³

AST J.P. Morgan Strategic Opportunities Portfolio¹

AST Jennison Large-Cap Growth Portfolio³

AST Legg Mason Diversified Growth Portfolio^4,6

AST Loomis Sayles Large-Cap Growth Portfolio³

AST MFS Global Equity Portfolio³




AST MFS Growth Allocation Portfolio¹
AST MFS Growth Portfolio³
AST MFS Large-Cap Value Portfolio³
AST Mid-Cap Growth Portfolio³
AST Neuberger Berman/LSV Mid-Cap Value Portfolio³
AST Parametric Emerging Markets Equity Portfolio³
AST Preservation Asset Allocation Portfolio¹
AST Prudential Core Bond Portfolio³
AST Prudential Growth Allocation Portfolio¹
AST QMA Large-Cap Portfolio⁴
AST QMA US Equity Alpha Portfolio³
AST Quantitative Modeling Portfolio⁴
AST Small-Cap Growth Opportunities Portfolio³
AST Small-Cap Growth Portfolio³
AST Small-Cap Value Portfolio³
AST T. Rowe Price Asset Allocation Portfolio¹
AST T. Rowe Price Growth Opportunities Portfolio^4,6
AST T. Rowe Price Large-Cap Growth Portfolio³
AST T. Rowe Price Large-Cap Value Portfolio
AST T. Rowe Price Natural Resources Portfolio³
AST Templeton Global Bond Portfolio³
AST WEDGE Capital Mid-Cap Value Portfolio³
AST Wellington Management Hedged Equity Portfolio¹
AST Western Asset Core Plus Bond Portfolio³
AST Western Asset Emerging Markets Debt Portfolio⁴
Prudential Series Funds
PSF Small Capitalization Stock Portfolio⁴
PSF Stock Index Portfolio⁴


(1)	Available with all living and death benefits.
(2)	The variable investment option is not available for allocation of Purchase Payments or contract owner transfers.
(3)	Not available with HDI v2.1 and 2.0 Suite of benefits.
(4)	Not available if you purchased any optional benefit.
(5)	Fidelity Institutional AM is a registered service mark of FMR LLC. Used with permission.
(6)	Not available with the X Series product.

CONTENTS



GLOSSARY OF TERMS	1
SUMMARY OF CONTRACT FEES AND CHARGES	3
EXPENSE EXAMPLES	12
SUMMARY	14
INVESTMENT OPTIONS	17
VARIABLE INVESTMENT OPTIONS	17
LIMITATIONS WITH OPTIONAL BENEFITS	21
FEES, CHARGES AND DEDUCTIONS	24
ANNUITY PAYMENT OPTION CHARGES	26
EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES	26
PURCHASING YOUR ANNUITY	27
REQUIREMENTS FOR PURCHASING THE ANNUITY	27
PURCHASE CREDITS UNDER THE X SERIES	28
DESIGNATION OF OWNER, ANNUITANT AND BENEFICIARY	29
RIGHT TO CANCEL	30
SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT	30
SALARY REDUCTION PROGRAMS	30
MANAGING YOUR ANNUITY	31
CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS	31
MANAGING YOUR ACCOUNT VALUE	33
DOLLAR COST AVERAGING PROGRAM	33
AUTOMATIC REBALANCING PROGRAMS	33
FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS	33
RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS	33
ACCESS TO ACCOUNT VALUE	36
TYPES OF DISTRIBUTIONS AVAILABLE TO YOU	36
TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NONQUALIFIED ANNUITIES	36
FREE WITHDRAWAL AMOUNTS	36
SYSTEMATIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD	37
SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE	38
REQUIRED MINIMUM DISTRIBUTIONS	38
SURRENDERS	39
SURRENDER VALUE	39
MEDICALLY-RELATED SURRENDERS	39
ANNUITY OPTIONS	40
LIVING BENEFITS	42
HIGHEST DAILY LIFETIME INCOME v2.1 BENEFIT	43
SPOUSAL HIGHEST DAILY LIFETIME INCOME v2.1 BENEFIT	54
HIGHEST DAILY LIFETIME INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT	62
SPOUSAL HIGHEST DAILY LIFETIME INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT	74
GUARANTEED RETURN OPTION PLUS II (GRO PLUS II)	83
HIGHEST DAILY GUARANTEED RETURN OPTION II (HD GRO II)	87
DEATH BENEFITS	92
TRIGGERS FOR PAYMENT OF THE DEATH BENEFIT	92
EXCEPTIONS TO AMOUNT OF DEATH BENEFIT	92
DEATH BENEFITS	93
SPOUSAL CONTINUATION OF ANNUITY	93
PAYMENT OF DEATH BENEFITS	93
BENEFICIARY CONTINUATION OPTION	94

(i)



VALUING YOUR INVESTMENT	96
VALUING THE SUB-ACCOUNTS	96
PROCESSING AND VALUING TRANSACTIONS	96
TAX CONSIDERATIONS	98
NONQUALIFIED ANNUITIES	98
QUALIFIED ANNUITIES	101
OTHER INFORMATION	107
PRUCO LIFE OF NEW JERSEY AND THE SEPARATE ACCOUNT	107
LEGAL STRUCTURE OF THE UNDERLYING PORTFOLIOS	109
DISTRIBUTION OF ANNUITIES OFFERED BY PRUCO LIFE OF NEW JERSEY	110
FINANCIAL STATEMENTS	112
INDEMNIFICATION	112
LEGAL PROCEEDINGS	112
CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION	113
HOW TO CONTACT US	113

APPENDIX A – ACCUMULATION UNIT VALUES	A-1
APPENDIX B – HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT, AND SPOUSAL HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT – NO LONGER AVAILABLE FOR NEW ELECTIONS	B-1
APPENDIX C – HIGHEST DAILY LIFETIME INCOME AND SPOUSAL HIGHEST DAILY LIFETIME INCOME – NO LONGER AVAILABLE FOR NEW ELECTIONS	C-1
APPENDIX D – HIGHEST DAILY LIFETIME INCOME 2.0, SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0, HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT, AND SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT – NO LONGER AVAILABLE FOR NEW ELECTIONS	D-1
APPENDIX E – OPTIONAL DEATH BENEFITS	E-1
APPENDIX F – FORMULA FOR GRO PLUS II	F-1
APPENDIX G – FORMULA FOR HIGHEST DAILY GRO II	G-1
APPENDIX H – FORMULA FOR HIGHEST DAILY LIFETIME INCOME V2.1 SUITE, HIGHEST DAILY LIFETIME INCOME 2.0 SUITE, HIGHEST DAILY LIFETIME INCOME SUITE AND HIGHEST DAILY LIFETIME 6 PLUS SUITE OF LIVING BENEFITS	H-1

(ii)

GLOSSARY OF TERMS

We set forth here definitions of some of the key terms used throughout this prospectus. In addition to the definitions here, we also define certain terms in the section of the prospectus that uses such terms.

Account Value: The total value of all allocations to the Sub-accounts on any Valuation Day. The Account Value is determined separately for each Sub-account and then totaled to determine the Account Value for your entire Annuity.

Accumulation Period: The period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date.

Annual Income Amount: This is the annual amount of income for which you are eligible for life under the optional benefits.

Annuitant: The natural person upon whose life annuity payments made to the Owner are based.

Annuitization: Annuitization is the process by which you direct us to apply the Account Value to one of the available annuity options to begin making periodic payments to the Owner.

Annuity Date: The date on which we apply your Account Value to the applicable annuity option and begin the payout period. As discussed in the Annuity Options section, there is an age by which you must begin receiving annuity payments, which we call the “Latest Annuity Date.”

Annuity Year: The first Annuity Year begins on the Issue Date and continues through and includes the day immediately preceding the first anniversary of the Issue Date. Subsequent Annuity Years begin on the anniversary of the Issue Date and continue through and include the day immediately preceding the next anniversary of the Issue Date.

Beneficiary(ies): The natural person(s) or entity(ies) designated as the recipient(s) of the Death Benefit or to whom any remaining period certain payments may be paid in accordance with the annuity payout options section of this Annuity.

Beneficiary Annuity: You may purchase an Annuity if you are a Beneficiary of an account that was owned by a decedent, subject to the requirements discussed in this prospectus. You may transfer the proceeds of the decedent’s account into one of the Annuities described in this prospectus and continue receiving the distributions that are required by the tax laws. This transfer option is only available for purchase of an IRA, Roth IRA, or a nonqualified Beneficiary Annuity.

Code: The Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated thereunder.

Contingent Deferred Sales Charge (“CDSC”): This is a sales charge that may be deducted when you make a surrender or take a partial withdrawal from your Annuity. We refer to this as a “contingent” charge because it is imposed only if you surrender or take a withdrawal from your Annuity. The charge is a percentage of each applicable Purchase Payment that is being surrendered or withdrawn.

Due Proof of Death: Due Proof of Death is satisfied when we receive all of the following in Good Order: (a) a death certificate or similar documentation acceptable to us; (b) all representations we require or which are mandated by applicable law or regulation in relation to the death claim and the payment of death proceeds (representations may include, but are not limited to, trust or estate paperwork (if needed); consent forms (if applicable); and claims forms from at least one beneficiary); and (c) any applicable election of the method of payment of the death benefit, if not previously elected by the Owner, by at least one Beneficiary.

Excess Income: All or a portion of a Lifetime Withdrawal that exceeds the Annual Income Amount for that benefit year is considered excess income (“Excess Income”). Each withdrawal of Excess Income proportionally reduces the Annual Income Amount for future benefit years.

Free Look: The right to examine your Annuity, during a limited period of time, to decide if you want to keep it or cancel it. In addition, there is a different Free Look period that applies if your Annuity is held within an IRA or if your Annuity was sold to you as a replacement of a life insurance policy or another annuity contract. In your Annuity contract, your Free Look right is referred to as your “Right to Cancel.”

Good Order: Good Order is the standard that we apply when we determine whether an instruction is satisfactory. An instruction will be considered in Good Order if it is received at our Service Office: (a) in a manner that is satisfactory to us such that it is sufficiently complete and clear that we do not need to exercise any discretion to follow such instruction and complies with all relevant laws and regulations; (b) on specific forms, or by other means we then permit (such as via telephone or electronic submission); and/or (c) with any signatures and dates as we may require. We will notify you if an instruction is not in Good Order.

Investment Option: A Sub-account or other option available as of any given time to which Account Value may be allocated.

Issue Date: The effective date of your Annuity.

Key Life: Under the Beneficiary Continuation Option, or the Beneficiary Annuity, the person whose life expectancy is used to determine the required distributions.

Owner: With an Annuity issued as an individual annuity contract, the Owner is either an eligible entity or person named as having ownership rights in relation to the Annuity. In certain states, with an Annuity issued as a certificate under a group annuity contract, the “Owner” refers to the person or entity that has the rights and benefits designated to the “participant” in the certificate. Thus, an Owner who is a participant has rights that are comparable to those of the Owner of an individual annuity contract.

Portfolio: An underlying mutual fund in which a Sub-Account of the Separate Account invests.

Purchase Credit: Under the X Series only, an amount that we add to your Annuity when you make a Purchase Payment. We are entitled to recapture Purchase Credits under certain circumstances. See “Purchasing Your Annuity – Purchase Credits under the X Series,” for more details.

Purchase Payment: A cash consideration in currency of the United States of America given to us in exchange for the rights, privileges, and benefits of the Annuity.

Separate Account: Refers to the Pruco Life Flexible Premium Variable Annuity Account, which holds assets associated with annuities issued by Pruco Life Insurance Company. Separate Account assets that are held in support of the annuities are kept separate from all of our other assets and may not be charged with liabilities arising out of any other business we may conduct.

Service Office: The place to which all requests and payments regarding the Annuity are to be sent. We may change the address of the Service Office at any time, and will notify you in advance of any such change of address. Please see “How to Contact Us” later in this prospectus for the Service Office address.

Sub-Account: A division of the Separate Account.

Surrender Value: The Account Value less any applicable CDSC, any applicable tax charges, any charges assessable as a deduction from the Account Value for any optional benefits provided by rider or endorsement, and any Annual Maintenance Fee.

Unit: A share of participation in a Sub-account used to calculate your Account Value prior to the Annuity Date.

Unit Value: Each Variable Sub-Account has a separate value for its Units (this is analogous to, but not the same as, the share price of a mutual fund).

Valuation Day: Every day the New York Stock Exchange is open for trading or any other day the Securities and Exchange Commission requires mutual funds or unit investment trusts to be valued, not including any day: (1) trading on the NYSE is restricted; (2) an emergency, as determined by the SEC, exists making redemption or valuation of securities held in the Separate Account impractical; or (3) the SEC, by order, permits the suspension or postponement for the protection of security holders.

we, us, our: Pruco Life Insurance Company of New Jersey.

you, your: The Owner(s) shown in the Annuity.

SUMMARY OF CONTRACT FEES AND CHARGES

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering one of the Annuities. The first table describes the fees and expenses that you will pay at the time you surrender an Annuity, take a partial withdrawal, or transfer Account Value between the Investment Options.

ANNUITY OWNER TRANSACTION EXPENSES

CONTINGENT DEFERRED SALES CHARGE (“CDSC”) ¹

X SERIES



Age of Purchase Payment Being Withdrawn	Percentage Applied Against Purchase Payment Being Withdrawn
Less than one year old	9.0	%
1 year old or older, but not yet 2 years old	9.0	%
2 years old or older, but not yet 3 years old	9.0	%
3 years old or older, but not yet 4 years old	9.0	%
4 years old or older, but not yet 5 years old	8.0	%
5 years old or older, but not yet 6 years old	8.0	%
6 years old or older, but not yet 7 years old	8.0	%
7 years old or older, but not yet 8 years old	5.0	%
8 years old or older, but not yet 9 years old	2.5	%
9 or more years old	0.0	%

B SERIES



Age of Purchase Payment Being Withdrawn	Percentage Applied Against Purchase Payment Being Withdrawn
Less than one year old	7.0	%
1 year old or older, but not yet 2 years old	7.0	%
2 years old or older, but not yet 3 years old	6.0	%
3 years old or older, but not yet 4 years old	6.0	%
4 years old or older, but not yet 5 years old	5.0	%
5 years old or older, but not yet 6 years old	5.0	%
6 years old or older, but not yet 7 years old	5.0	%
7 years old, or older	0.0	%

L SERIES



Age of Purchase Payment Being Withdrawn	Percentage Applied Against Purchase Payment Being Withdrawn
Less than one year old	7.0	%
1 year old or older, but not yet 2 years old	7.0	%
2 years old or older, but not yet 3 years old	6.0	%
3 years old or older, but not yet 4 years old	5.0	%
4 or more years old	0.0	%

C SERIES

There is no CDSC or other sales load applicable to the C Series.



FEE/CHARGE	X SERIES	B SERIES	L SERIES	C SERIES
Transfer Fee	$10	$10	$10	$10

The years referenced in the above CDSC tables refer to the length of time since a Purchase Payment was made (i.e., the “age” of the Purchase Payment). Contingent Deferred Sales Charges are applied against the Purchase Payment(s) being withdrawn. Thus, the appropriate percentage is multiplied by the Purchase Payment(s) being withdrawn to determine the amount of the CDSC. For example, if with respect to the X Series on November 1, 2019 you withdrew a Purchase Payment made on August 1, 2014, that Purchase Payment would be between 5 and 6 years old, and thus subject to an 8% CDSC. Purchase Payments are withdrawn on a “first-in, first-out” basis.

The following table provides a summary of the periodic fees and charges you will pay while you own your Annuity, excluding the underlying portfolio annual expenses. These fees and charges are described in more detail within this prospectus.



PERIODIC FEES AND CHARGES (assessed annually as a percentage of Account Value)
FEE/CHARGE	X SERIES	B SERIES	L SERIES	C SERIES
Annual Maintenance Fee ^2,4	Lesser of $30 or 2%	Lesser of $30 or 2%	Lesser of $30 or 2%	Lesser of $30 or 2%



ANNUALIZED INSURANCE FEES/CHARGES ⁴ (assessed as a percentage of the daily net assets of the Sub-accounts)
FEE/CHARGE	X SERIES	B SERIES	L SERIES	C SERIES
Mortality & Expense Risk Charge: During First 9 Annuity Years	1.70%	1.15%	1.55%	1.60%
After 9^th Annuity Year	1.15%	1.15%	1.15%	1.15%
Administration Charge	0.15%	0.15%	0.15%	0.15%
Total Annualized Insurance Fees/ Charges: During First 9 Annuity Years^4,5	1.85%	1.30%	1.70%	1.75%
After 9^th Annuity Year^4,5	1.30%	1.30%	1.30%	1.30%


2	Only applicable if the sum of the Purchase Payments at the time the fee is due is less than $100,000. For Beneficiaries who elect the Beneficiary Continuation Option, the Annual Maintenance Fee is the lesser of $30 or 2% of Account Value and is only applicable if Account Value is less than $25,000 at the time the fee is assessed.


3	The Insurance Charge is the combination of Mortality & Expense Risk Charge and the Administration Charge.


4	For Beneficiaries who elect the Beneficiary Continuation Option, the Mortality and Expense Risk and Administration Charges do not apply. However, a Settlement Service Charge equal to 1.00% is assessed as a percentage of the daily net assets of the Sub-accounts as an annual charge.

The following table sets forth the charge for each optional benefit under the Annuity. These fees would be in addition to the fees set forth in the tables above. The first column shows the charge for each optional benefit on a maximum and current basis. The next four columns show the total expenses you would pay for each class of Annuity if you purchased the relevant optional benefit. More specifically, these columns show the total charge for the optional benefit plus the Total Annualized Insurance Fees/Charges (during the first 9 Annuity Years) applicable to the Annuity class (as shown in the prior table). Where the charges cannot actually be totaled (because they are assessed against different base values), we show both individual charges.



YOUR OPTIONAL BENEFIT FEES AND CHARGES
OPTIONAL BENEFIT	ANNUALIZED OPTIONAL BENEFIT FEE/ CHARGE ⁶	TOTAL ANNUALIZED CHARGE ⁷ for X SERIES	TOTAL ANNUALIZED CHARGE ⁷ for B SERIES	TOTAL ANNUALIZED CHARGE ⁷ for L SERIES	TOTAL ANNUALIZED CHARGE ⁷ for C SERIES
HIGHEST DAILY LIFETIME INCOME v2.1 ⁹ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.00%	1.85% +1.00%	1.30% +1.00%	1.70% +1.00%	1.75% +1.00%
SPOUSAL HIGHEST DAILY LIFETIME INCOME v2.1 ⁹ (assessed against greater of Account Value and Protected Withdrawal Value)



YOUR OPTIONAL BENEFIT FEES AND CHARGES
OPTIONAL BENEFIT	ANNUALIZED OPTIONAL BENEFIT FEE/ CHARGE ⁶	TOTAL ANNUALIZED CHARGE ⁷ for X SERIES	TOTAL ANNUALIZED CHARGE ⁷ for B SERIES	TOTAL ANNUALIZED CHARGE ⁷ for L SERIES	TOTAL ANNUALIZED CHARGE ⁷ for C SERIES
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.10%	1.85% +1.10%	1.30% +1.10%	1.70% +1.10%	1.75% +1.10%
HIGHEST DAILY LIFETIME INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT ⁹ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.40%	1.85% +1.40%	1.30% +1.40%	1.70% +1.40%	1.75% +1.40%
SPOUSAL HIGHEST DAILY LIFETIME INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT ⁹ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.50%	1.85% +1.50%	1.30% +1.50%	1.70% +1.50%	1.75% +1.50%
HIGHEST DAILY LIFETIME INCOME 2.0¹⁰ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.00%	1.85% +1.00%	1.30% +1.00%	1.70% +1.00%	1.75% +1.00%
SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0¹⁰ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.10%	1.85% +1.10%	1.30% +1.10%	1.70% +1.10%	1.75% +1.10%
HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT¹⁰(assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.40%	1.85% +1.40%	1.30% +1.40%	1.70% +1.40%	1.75% +1.40%



YOUR OPTIONAL BENEFIT FEES AND CHARGES
OPTIONAL BENEFIT	ANNUALIZED OPTIONAL BENEFIT FEE/ CHARGE ⁶	TOTAL ANNUALIZED CHARGE ⁷ for X SERIES	TOTAL ANNUALIZED CHARGE ⁷ for B SERIES	TOTAL ANNUALIZED CHARGE ⁷ for L SERIES	TOTAL ANNUALIZED CHARGE ⁷ for C SERIES
SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT ¹⁰(assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	2.00%	1.85% +2.00%	1.30% +2.00%	1.70% +2.00%	1.75% +2.00%
Current Charge	1.50%	1.85% +1.50%	1.30% +1.50%	1.70% +1.50%	1.75% +1.50%
HIGHEST DAILY LIFETIME INCOME AND SPOUSAL HIGHEST DAILY LIFETIME INCOME ¹¹ (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	1.50%	1.85% +1.50%	1.30% +1.50%	1.70% +1.50%	1.75% +1.50%
Current Charge	0.95%	1.85% +0.95%	1.30% +0.95%	1.70% +0.95%	1.75% +0.95%
HIGHEST DAILY LIFETIME 6 PLUS INCOME ¹² (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	1.50%	1.85% +1.50%	1.30% +1.50%	1.70% +1.50%	1.75% +1.50%
Current Charge	0.85%	1.85% +0.85%	1.30% +0.85%	1.70% +0.85%	1.75% +0.85%
SPOUSAL HIGHEST DAILY LIFETIME 6 PLUS INCOME ¹² (assessed against greater of Account Value and Protected Withdrawal Value)
Maximum Charge ⁷	1.50%	1.85% +1.50%	1.30% +1.50%	1.70% +1.50%	1.75% +1.50%
Current Charge	0.95%	1.85% +0.95%	1.30% +0.95%	1.70% +0.95%	1.75% +0.95%
GUARANTEED RETURN OPTION PLUS II (GRO PLUS II) Charge ⁸	0.60%	2.45%	1.90%	2.30%	2.35%
(assessed as a percentage of the daily net assets of the Sub-accounts)
HIGHEST DAILY GUARANTEED RETURN OPTION II (HD GRO II) Charge ⁸	0.60%	2.45%	1.90%	2.30%	2.35%
(assessed as a percentage of the daily net assets of the Sub-accounts)
HIGHEST ANNIVERSARY VALUE DEATH BENEFIT (“HAV”) Charge ^8,13	0.40%	2.25%	1.70%	2.10%	2.15%
(assessed as a percentage of the daily net assets of the Sub-accounts)

The charge for each of Highest Daily Lifetime Income Suite of Benefits listed above is assessed against the greater of Account Value and the Protected Withdrawal Value (PWV). We deduct this charge on quarterly anniversaries of the benefit effective date. More information regarding the quarterly deductions and a description of the PWV appear in the Living Benefits section of this prospectus. The charge for each of GRO Plus II, Highest Daily GRO II, and Highest Anniversary Value Death Benefit is assessed as a percentage of the daily net assets of the Sub-accounts.


6	HOW THE OPTIONAL BENEFIT FEES AND CHARGES ARE DETERMINED:

For Highest Daily Lifetime Income Suite of Benefits listed above: The charge is taken out of the Sub-accounts. For B Series, in all Annuity Years, the current optional benefit charge is in addition to the 1.30% annualized charge of amounts invested in the Sub-accounts. For each of the L Series, X Series, and C Series the annualized charge for the base Annuity drops after Annuity Year 9 as described below:

Highest Daily Lifetime Income v2.1 and 2.0: 1.00% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after the 9th Annuity Year.

Spousal Highest Daily Lifetime Income v2.1 and 2.0: 1.10% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after the 9th Annuity Year.

Highest Daily Lifetime Income v2.1 and 2.0 with Highest Annual Death Benefit: 1.40% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after the 9th Annuity Year.

Spousal Highest Daily Lifetime Income v2.1 and 2.0 with Highest Annual Death Benefit: 1.50% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after the 9th Annuity Year.

Highest Daily Lifetime Income and Spousal Highest Daily Lifetime Income: 0.95% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after the 9th Annuity Year.

Highest Daily Lifetime 6 Plus: 0.85% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after Annuity Year 9.

Spousal Highest Daily Lifetime 6 Plus: 0.95% current optional benefit charge is in addition to 1.30% annualized charge of amounts invested in the Sub-accounts for base Annuity after Annuity Year 9.

For GRO Plus II and Highest Daily GRO II: For B Series, the optional benefit charge plus base Annuity charge is 1.90% in all Annuity Years. In the case of L Series, X Series, and C Series, the optional benefit charge plus base Annuity charge drops to 1.90% after the 9th Annuity Year.

Highest Anniversary Value Death Benefit: For B Series, the optional benefit charge plus base Annuity charge is 1.70% in all Annuity Years. In the case of the L Series, X Series, and C Series, the optional benefit charge plus base Annuity charge drops to 1.70% after the 9th Annuity Year.


7	We reserve the right to increase the charge to the maximum charge indicated, upon any step-up under the benefit. Also, if you decide to elect or re-add a benefit after your contract has been issued, the charge for the benefit under your contract will equal the current charge for new benefit election up to the maximum indicated.


8	Because there is no higher charge to which we could increase the current charge, the current charge and maximum charge are one and the same. Thus, so long as you retain the benefit, we cannot increase your charge for the benefit.


9	This benefit is currently available to you subject to our eligibility requirements.


10	This benefit was offered from August 20, 2012 to February 24, 2013.


11	This benefit was offered from January 24, 2011 to August 19, 2012.


12	This benefit was offered from March 15, 2010 to January 23, 2011.


13	This benefit was offered from March 15, 2010 to August 19, 2012.

The following table provides the range (minimum and maximum) of the total annual expenses for the underlying Portfolios for the year ended December 31, 2018 before any contractual waivers and expense reimbursements. Each figure is stated as a percentage of the underlying Portfolio’s average daily net assets.



TOTAL ANNUAL UNDERLYING PORTFOLIO OPERATING EXPENSES
	MINIMUM	MAXIMUM
Total Underlying Portfolio Operating Expenses	0.31%	2.49%

The following are the total annual expenses for each underlying Portfolio for the year ended December 31, 2018, except as noted and except if the underlying Portfolio’s inception date is subsequent to December 31, 2018. The “Total Annual Underlying Portfolio Operating Expenses” reflect the combination of the underlying Portfolio’s investment management fee, other expenses, any 12b-1 fees, and certain other expenses but do not necessarily reflect the fees you may incur. Each figure is stated as a percentage of the underlying Portfolio’s average daily net assets. For certain of the Portfolios, a portion of the management fee has been contractually waived and/or other expenses have been contractually partially reimbursed, which is shown in the table. The following expenses are deducted by the underlying Portfolio before it provides Pruco Life of New Jersey with the daily net asset value. The underlying Portfolio information was provided by the underlying mutual funds and has not been independently verified by us. See the prospectuses or statements of additional information of the underlying Portfolios for further details. The current summary prospectuses, prospectuses and statement of additional information for the underlying Portfolios can be obtained by calling 1-888-PRU-2888 or at www.prudentialannuities.com .



UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
	For the year ended December 31, 2018
FUNDS	Management Fees	Other Expenses	Distribution (12b-1) Fees	Dividend Expense on Short Sales	Broker Fees and Expenses on Short Sales	Acquired Portfolio Fees & Expenses	Total Annual Portfolio Operating Expenses	Fee Waiver or Expense Reimbursement	Net Annual Fund Operating Expenses
AST Academic Strategies Asset Allocation Portfolio*	0.64%	0.02%	0.11%	0.04%	0.00%	0.62%	1.43%	0.01%	1.42%
AST Advanced Strategies Portfolio*	0.64%	0.03%	0.24%	0.00%	0.00%	0.05%	0.96%	0.02%	0.94%
AST AllianzGI World Trends Portfolio*	0.75%	0.02%	0.25%	0.00%	0.00%	0.00%	1.02%	0.03%	0.99%
AST AQR Emerging Markets Equity Portfolio	0.93%	0.13%	0.25%	0.00%	0.00%	0.00%	1.31%	0.00%	1.31%
AST AQR Large-Cap Portfolio*	0.56%	0.01%	0.25%	0.00%	0.00%	0.00%	0.82%	0.01%	0.81%
AST Balanced Asset Allocation Portfolio	0.15%	0.01%	0.00%	0.00%	0.00%	0.79%	0.95%	0.00%	0.95%
AST BlackRock Global Strategies Portfolio*	0.81%	0.06%	0.25%	0.00%	0.00%	0.00%	1.12%	0.02%	1.10%
AST BlackRock Low Duration Bond Portfolio*	0.48%	0.07%	0.25%	0.00%	0.00%	0.00%	0.80%	0.06%	0.74%
AST BlackRock/Loomis Sayles Bond Portfolio*	0.46%	0.03%	0.25%	0.00%	0.06%	0.00%	0.80%	0.04%	0.76%
AST Bond Portfolio 2019	0.47%	0.16%	0.25%	0.00%	0.00%	0.00%	0.88%	0.00%	0.88%
AST Bond Portfolio 2020*	0.47%	0.31%	0.25%	0.00%	0.00%	0.00%	1.03%	0.10%	0.93%
AST Bond Portfolio 2021	0.47%	0.16%	0.25%	0.00%	0.00%	0.00%	0.88%	0.00%	0.88%
AST Bond Portfolio 2022*	0.47%	0.22%	0.25%	0.00%	0.00%	0.00%	0.94%	0.01%	0.93%



UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
	For the year ended December 31, 2018
FUNDS	Management Fees	Other Expenses	Distribution (12b-1) Fees	Dividend Expense on Short Sales	Broker Fees and Expenses on Short Sales	Acquired Portfolio Fees & Expenses	Total Annual Portfolio Operating Expenses	Fee Waiver or Expense Reimbursement	Net Annual Fund Operating Expenses
AST Bond Portfolio 2023*	0.47%	0.42%	0.25%	0.00%	0.00%	0.00%	1.14%	0.21%	0.93%
AST Bond Portfolio 2024	0.47%	0.19%	0.25%	0.00%	0.00%	0.00%	0.91%	0.00%	0.91%
AST Bond Portfolio 2025*	0.47%	0.22%	0.25%	0.00%	0.00%	0.00%	0.94%	0.01%	0.93%
AST Bond Portfolio 2026	0.47%	0.09%	0.25%	0.00%	0.00%	0.00%	0.81%	0.00%	0.81%
AST Bond Portfolio 2027	0.47%	0.08%	0.25%	0.00%	0.00%	0.00%	0.80%	0.00%	0.80%
AST Bond Portfolio 2028*	0.47%	0.24%	0.25%	0.00%	0.00%	0.00%	0.96%	0.03%	0.93%
AST Bond Portfolio 2029*	0.47%	1.77%	0.25%	0.00%	0.00%	0.00%	2.49%	1.56%	0.93%
AST Bond Portfolio 2030	0.47%	0.08%	0.25%	0.00%	0.00%	0.00%	0.80%	0.00%	0.80%
AST Capital Growth Asset Allocation Portfolio	0.15%	0.01%	0.00%	0.00%	0.00%	0.79%	0.95%	0.00%	0.95%
AST ClearBridge Dividend Growth Portfolio*	0.66%	0.02%	0.25%	0.00%	0.00%	0.00%	0.93%	0.01%	0.92%
AST Cohen & Steers Global Realty Portfolio*	0.83%	0.06%	0.25%	0.00%	0.00%	0.00%	1.14%	0.05%	1.09%
AST Cohen & Steers Realty Portfolio	0.83%	0.03%	0.25%	0.00%	0.00%	0.00%	1.11%	0.00%	1.11%
AST Fidelity Institutional AM^® Quantitative Portfolio*	0.65%	0.03%	0.25%	0.00%	0.00%	0.01%	0.94%	0.02%	0.92%
AST Goldman Sachs Multi-Asset Portfolio*	0.76%	0.04%	0.25%	0.00%	0.00%	0.01%	1.06%	0.02%	1.04%
AST Goldman Sachs Small-Cap Value Portfolio	0.77%	0.02%	0.25%	0.00%	0.00%	0.01%	1.05%	0.00%	1.05%
AST Government Money Market Portfolio	0.30%	0.02%	0.25%	0.00%	0.00%	0.00%	0.57%	0.00%	0.57%
AST High Yield Portfolio	0.57%	0.04%	0.25%	0.00%	0.00%	0.00%	0.86%	0.00%	0.86%
AST Hotchkis & Wiley Large-Cap Value Portfolio*	0.56%	0.02%	0.25%	0.00%	0.00%	0.00%	0.83%	0.01%	0.82%
AST International Growth Portfolio*	0.81%	0.03%	0.25%	0.00%	0.00%	0.00%	1.09%	0.02%	1.07%
AST International Value Portfolio	0.81%	0.04%	0.25%	0.00%	0.00%	0.00%	1.10%	0.00%	1.10%
AST Investment Grade Bond Portfolio*	0.47%	0.02%	0.25%	0.00%	0.00%	0.00%	0.74%	0.04%	0.70%
AST J.P. Morgan Global Thematic Portfolio	0.76%	0.04%	0.25%	0.00%	0.00%	0.00%	1.05%	0.00%	1.05%
AST J.P. Morgan International Equity Portfolio	0.70%	0.06%	0.25%	0.00%	0.00%	0.00%	1.01%	0.00%	1.01%
AST J.P. Morgan Strategic Opportunities Portfolio*	0.81%	0.06%	0.25%	0.00%	0.00%	0.00%	1.12%	0.01%	1.11%
AST Jennison Large-Cap Growth Portfolio	0.72%	0.02%	0.25%	0.00%	0.00%	0.00%	0.99%	0.00%	0.99%
AST Legg Mason Diversified Growth Portfolio*	0.73%	0.09%	0.25%	0.00%	0.00%	0.13%	1.20%	0.12%	1.08%
AST Loomis Sayles Large-Cap Growth Portfolio*	0.71%	0.01%	0.25%	0.00%	0.00%	0.00%	0.97%	0.06%	0.91%
AST MFS Global Equity Portfolio	0.82%	0.04%	0.25%	0.00%	0.00%	0.00%	1.11%	0.00%	1.11%
AST MFS Growth Allocation Portfolio*	0.67%	0.05%	0.25%	0.00%	0.00%	0.00%	0.97%	0.01%	0.96%
AST MFS Growth Portfolio*	0.71%	0.02%	0.25%	0.00%	0.00%	0.00%	0.98%	0.01%	0.97%
AST MFS Large-Cap Value Portfolio	0.66%	0.02%	0.25%	0.00%	0.00%	0.00%	0.93%	0.00%	0.93%
AST Mid-Cap Growth Portfolio	0.81%	0.02%	0.25%	0.00%	0.00%	0.00%	1.08%	0.00%	1.08%
AST Neuberger Berman/LSV Mid-Cap Value Portfolio	0.72%	0.02%	0.25%	0.00%	0.00%	0.00%	0.99%	0.00%	0.99%
AST Parametric Emerging Markets Equity Portfolio	0.93%	0.23%	0.25%	0.00%	0.00%	0.00%	1.41%	0.00%	1.41%
AST Preservation Asset Allocation Portfolio	0.15%	0.01%	0.00%	0.00%	0.00%	0.78%	0.94%	0.00%	0.94%
AST Prudential Core Bond Portfolio	0.47%	0.02%	0.25%	0.00%	0.00%	0.00%	0.74%	0.00%	0.74%
AST Prudential Growth Allocation Portfolio	0.60%	0.02%	0.25%	0.00%	0.00%	0.00%	0.87%	0.00%	0.87%
AST QMA Large-Cap Portfolio*	0.56%	0.01%	0.25%	0.00%	0.00%	0.00%	0.82%	0.02%	0.80%
AST QMA US Equity Alpha Portfolio	0.82%	0.03%	0.25%	0.22%	0.25%	0.00%	1.57%	0.00%	1.57%
AST Quantitative Modeling Portfolio	0.25%	0.01%	0.00%	0.00%	0.00%	0.89%	1.15%	0.00%	1.15%
AST Small-Cap Growth Opportunities Portfolio	0.77%	0.03%	0.25%	0.00%	0.00%	0.00%	1.05%	0.00%	1.05%
AST Small-Cap Growth Portfolio	0.72%	0.02%	0.25%	0.00%	0.00%	0.00%	0.99%	0.00%	0.99%
AST Small-Cap Value Portfolio	0.72%	0.03%	0.25%	0.00%	0.00%	0.06%	1.06%	0.00%	1.06%
AST T. Rowe Price Asset Allocation Portfolio*	0.62%	0.01%	0.25%	0.00%	0.00%	0.00%	0.88%	0.01%	0.87%
AST T. Rowe Price Growth Opportunities Portfolio*	0.71%	0.06%	0.25%	0.00%	0.00%	0.00%	1.02%	0.01%	1.01%
AST T. Rowe Price Large-Cap Growth Portfolio*	0.68%	0.01%	0.25%	0.00%	0.00%	0.00%	0.94%	0.04%	0.90%
AST T. Rowe Price Large-Cap Value Portfolio*	0.66%	0.02%	0.25%	0.00%	0.00%	0.00%	0.93%	0.04%	0.89%
AST T. Rowe Price Natural Resources Portfolio*	0.73%	0.05%	0.25%	0.00%	0.00%	0.00%	1.03%	0.01%	1.02%



UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
	For the year ended December 31, 2018
FUNDS	Management Fees	Other Expenses	Distribution (12b-1) Fees	Dividend Expense on Short Sales	Broker Fees and Expenses on Short Sales	Acquired Portfolio Fees & Expenses	Total Annual Portfolio Operating Expenses	Fee Waiver or Expense Reimbursement	Net Annual Fund Operating Expenses
AST Templeton Global Bond Portfolio	0.63%	0.05%	0.25%	0.00%	0.00%	0.00%	0.93%	0.00%	0.93%
AST WEDGE Capital Mid-Cap Value Portfolio*	0.78%	0.04%	0.25%	0.00%	0.00%	0.00%	1.07%	0.01%	1.06%
AST Wellington Management Hedged Equity Portfolio*	0.81%	0.02%	0.25%	0.00%	0.00%	0.03%	1.11%	0.06%	1.05%
AST Western Asset Core Plus Bond Portfolio	0.51%	0.01%	0.25%	0.00%	0.00%	0.00%	0.77%	0.00%	0.77%
AST Western Asset Emerging Markets Debt Portfolio	0.68%	0.23%	0.25%	0.00%	0.00%	0.00%	1.16%	0.00%	1.16%
PSF Small Capitalization Stock Portfolio	0.35%	0.04%	0.00%	0.00%	0.00%	0.00%	0.39%	0.00%	0.39%
PSF Stock Index Portfolio	0.30%	0.01%	0.00%	0.00%	0.00%	0.00%	0.31%	0.00%	0.31%

*See notes immediately below for important information about this fund.

AST Academic Strategies Asset Allocation Portfolio
The Manager has contractually agreed to waive 0.007% of its investment management fees through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Advanced Strategies Portfolio
The Manager has contractually agreed to waive 0.022% of its investment management fees through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST AllianzGI World Trends Portfolio
The Manager has contractually agreed to waive 0.029% of its investment management fees through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST AQR Large-Cap Portfolio
The Manager has contractually agreed to waive 0.007% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST BlackRock Global Strategies Portfolio
The Manager has contractually agreed to waive 0.022% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST BlackRock Low Duration Bond Portfolio
The Manager has contractually agreed to waive 0.057% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST BlackRock/Loomis Sayles Bond Portfolio
The Manager has contractually agreed to waive 0.035% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2020
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2022
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2023
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2025
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2028
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Bond Portfolio 2029
The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 0.930% of the Portfolio's average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST ClearBridge Dividend Growth Portfolio
The Manager has contractually agreed to waive 0.012% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Cohen & Steers Global Realty Portfolio
The Manager has contractually agreed to waive 0.051% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Fidelity Institutional AM® Quantitative Portfolio
The Manager has contractually agreed to waive 0.020% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Goldman Sachs Multi-Asset Portfolio
The Manager has contractually agreed to waive 0.015% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Hotchkis & Wiley Large-Cap Value Portfolio
The Manager has contractually agreed to waive 0.009% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST International Growth Portfolio
The Manager has contractually agreed to waive 0.02% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Investment Grade Bond Portfolio
The Distributor has contractually agreed to waive a portion of its distribution and service (12b-1) fee. The waiver provides for a reduction in the distribution and service fee based on the average daily net assets of the Portfolio. This contractual waiver does not have an expiration or termination date, and may not be modified or discontinued.

AST J.P. Morgan Strategic Opportunities Portfolio
The Manager has contractually agreed to waive 0.011% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Legg Mason Diversified Growth Portfolio
The Manager has contractually agreed to waive a portion of its investment management fee equal to the subadvisory fee waiver due to investments in the underlying portfolios managed by the subadviser or an affiliate of the subadviser. The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee (after management fee waiver) plus other expenses (including net distribution fees, acquired fund fees and expenses due to investments in underlying Portfolios of the Trust and underlying portfolios managed or subadvised by the subadviser) (exclusive of certain expenses as described more fully in the Trust’s Statement of Additional Information) do not exceed 1.070% of the Portfolio’s average daily net assets through June 30, 2020. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Loomis Sayles Large-Cap Growth Portfolio
The Manager has contractually agreed to waive 0.060% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST MFS Growth Allocation Portfolio
The Manager has contractually agreed to waive 0.013% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST MFS Growth Portfolio
The Manager has contractually agreed to waive 0.014% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST QMA Large-Cap Portfolio
The Manager has contractually agreed to waive 0.015% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST T. Rowe Price Asset Allocation Portfolio
The Manager has contractually agreed to waive 0.009% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST T. Rowe Price Growth Opportunities Portfolio
The Manager has contractually agreed to waive 0.009% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST T. Rowe Price Large-Cap Growth Portfolio
The Manager has contractually agreed to waive 0.036% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST T. Rowe Price Large-Cap Value Portfolio
The Manager has contractually agreed to waive 0.040% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST T. Rowe Price Natural Resources Portfolio
The Manager has contractually agreed to waive 0.012% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST WEDGE Capital Mid-Cap Value Portfolio
The Manager has contractually agreed to waive 0.010% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

AST Wellington Management Hedged Equity Portfolio
The Manager has contractually agreed to waive 0.055% of its investment management fee through June 30, 2020. This arrangement may not be terminated or modified prior to June 30, 2020 without the prior approval of the Trust’s Board of Trustees.

EXPENSE EXAMPLES

These examples are intended to help you compare the cost of investing in one Pruco Life of New Jersey Annuity with the cost of investing in other Pruco Life of New Jersey Annuities and/or other variable annuities. Below are examples for each Annuity showing what you would pay in expenses at the end of the stated time periods had you invested $10,000 in the Annuity and assuming your investment has a 5% return each year. The examples reflect the fees and charges listed below for each Annuity as described in “Summary of Contract Fees and Charges.”


▪	Insurance Charge


▪	Contingent Deferred Sales Charge (when and if applicable)


▪	Annual Maintenance Fee


▪	Optional benefit fees, as described below

The examples also assume the following for the period shown:


▪	You allocate all of your Account Value to the Sub-account with the maximum gross total annual portfolio operating expenses, and those expenses remain the same each year*


▪	For each charge, we deduct the maximum charge rather than the current charge


▪	You make no withdrawals of your Account Value


▪	You make no transfers, or other transactions for which we charge a fee


▪	No tax charge applies


▪	You elected the Spousal Highest Daily Lifetime Income 2.0 and the HAV Death Benefit (which has the maximum combination of optional benefit charges)


▪	For the X Series example, no Purchase Credit is granted under the Annuity. If Purchase Credits were reflected in the calculations, expenses would be higher, because the charges would have been applied to a larger Account Value.

Amounts shown in the examples are rounded to the nearest dollar.


*	Note: Not all Portfolios offered as Sub-accounts may be available depending on optional benefit selection and selling firm.

THE EXAMPLES ARE ILLUSTRATIVE ONLY. THEY SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE EXPENSES OF THE UNDERLYING PORTFOLIOS. ACTUAL EXPENSES WILL BE LESS THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE ACCOUNT VALUE TO ANY OTHER AVAILABLE SUB-ACCOUNTS.

Expense Examples are provided as follows:



	X SERIES
	Assuming Maximum Fees and Expenses of any of the Portfolios Available
	1 Year	3 Years	5 Years	10 Years
If you surrender your annuity at the end of the applicable time period:	$1,613	$3,038	$4,359	$7,055
If you annuitize your annuity at the end of the applicable time period:¹	$713	$2,138	$3,559	$7,055
If you do not surrender your annuity:	$713	$2,138	$3,559	$7,055



	B SERIES
	Assuming Maximum Fees and Expenses of any of the Portfolios Available
	1 Year	3 Years	5 Years	10 Years
If you surrender your annuity at the end of the applicable time period:	$1,359	$2,585	$3,822	$6,717
If you annuitize your annuity at the end of the applicable time period:¹	$659	$1,985	$3,322	$6,717
If you do not surrender your annuity:	$659	$1,985	$3,322	$6,717



	L SERIES
	Assuming Maximum Fees and Expenses of any of the Portfolios Available
	1 Year	3 Years	5 Years	10 Years
If you surrender your annuity at the end of the applicable time period:	$1,398	$2,696	$3,495	$6,965
If you annuitize your annuity at the end of the applicable time period:¹	$698	$2,096	$3,495	$6,965
If you do not surrender your annuity:	$698	$2,096	$3,495	$6,965



	C SERIES
	Assuming Maximum Fees and Expenses of any of the Portfolios Available
	1 Year	3 Years	5 Years	10 Years
If you surrender your annuity at the end of the applicable time period:	$703	$2,110	$3,516	$6,995
If you annuitize your annuity at the end of the applicable time period:¹	$703	$2,110	$3,516	$6,995
If you do not surrender your annuity:	$703	$2,110	$3,516	$6,995

¹Your ability to annuitize in the first Annuity Year may be limited.

Please see Appendix A for a table of Accumulation Unit Values.

SUMMARY

This Summary describes key features of the Annuities offered in this prospectus. It is intended to give you an overview, and to point you to sections of the prospectus that provide greater detail. You should not rely on the Summary alone for all the information you need to know before purchasing an Annuity. You should read the entire prospectus for a complete description of the Annuities. Your financial professional can also help you if you have questions.

The Annuity: The variable annuity contract issued by Pruco Life of New Jersey is a contract between you, the Owner, and Pruco Life of New Jersey, an insurance company. It is designed for retirement purposes, or other long-term investing, to help you save money for retirement, on a tax deferred basis, and provide income during your retirement. Although this prospectus describes key features of the variable annuity contract, the prospectus is a distinct document, and is not part of the contract.

The Annuity offers various investment portfolios. With the help of your financial professional, you choose how to invest your money within your Annuity (subject to certain restrictions; see “Investment Options”). Investing in a variable annuity involves risk and you can lose your money. On the other hand, investing in a variable annuity can provide you with the opportunity to grow your money through participation in “underlying” mutual funds.

This prospectus describes four different Annuities. The Annuities differ primarily in the fees and charges deducted and whether the Annuity provides Purchase Credits in certain circumstances. With the help of your financial professional, you choose the Annuity that is suitable for you based on your time horizon, liquidity needs, and desire for Purchase Credits.

GENERALLY SPEAKING, VARIABLE ANNUITIES ARE INVESTMENTS DESIGNED TO BE HELD FOR THE LONG TERM. WORKING WITH YOUR FINANCIAL PROFESSIONAL, YOU SHOULD CAREFULLY CONSIDER WHETHER A VARIABLE ANNUITY IS APPROPRIATE FOR YOU GIVEN YOUR LIFE EXPECTANCY, NEED FOR INCOME, AND OTHER PERTINENT FACTORS.

Purchase: Your eligibility to purchase is based on your age and the amount of your initial Purchase Payment. See your financial professional to complete an application.



Annuity	Maximum Age for Initial Purchase	Minimum Initial Purchase Payment
X Series	80		$10,000
B Series	85		$1,000
L Series	85		$10,000
C Series	85		$10,000

The “Maximum Age for Initial Purchase” applies to the oldest Owner as of the day we would issue the Annuity. If the Annuity is to be owned by an entity, the maximum age applies to the Annuitant as of the day we would issue the Annuity. For Annuities purchased as a Beneficiary Annuity, the maximum issue age is 70 and applies to the Key Life.

After you purchase your Annuity, you will have a limited period of time during which you may cancel (or “Free Look”) the purchase of your Annuity. Your request for a Free Look must be received in Good Order within the applicable time period.

Please see “Requirements for Purchasing the Annuity” for additional information.

Investment Options: You may choose from a variety of variable Investment Options ranging from conservative to aggressive. Our optional benefits limit your ability to invest in certain variable Investment Options otherwise available to you under the Annuity. Each of the underlying Portfolios is described in its own prospectus, which you should read before investing. You can obtain the summary prospectuses for the portfolios by calling 1-888-PRU-2888 or at www.prudentialannuities.com. There is no assurance that any variable Investment Option will meet its investment objective.

Please see “Investment Options,” and “Managing Your Account Value” for information.

Access to Your Money: You can receive income by taking withdrawals or electing annuity payments. Please note that withdrawals may be subject to tax, and may be subject to a Contingent Deferred Sales Charge. You may withdraw up to 10% of your Purchase Payments each year without being subject to a Contingent Deferred Sales Charge.

You may elect to receive income through annuity payments over your lifetime, also called “Annuitization”. If you elect to receive annuity payments, you convert your Account Value into a stream of future payments. This means in most cases you no longer have an Account Value and therefore cannot make withdrawals. We offer different types of annuity options to meet your needs. Please see “Access to Account Value” and “Annuity Options” for more information.

Optional Living Benefits

Guaranteed Lifetime Withdrawal Benefits. We offer optional living benefits, for an additional charge, that guarantee your ability to take withdrawals for life as a percentage of “Protected Withdrawal Value”, even if your Account Value falls to zero (unless it does so due to a withdrawal of Excess Income). Your Protected Withdrawal Value is not the same as your Account Value, and it is not available for a lump sum withdrawal. The

Account Value has no guarantees, may fluctuate, and can lose value. Withdrawals in excess of the Annual Income Amount, called “Excess Income,” will impact the value of the benefit including a permanent reduction in future guaranteed amounts. In marketing and other materials, we may refer to Excess Income as “Excess Withdrawals”.

We currently offer the following optional benefits:


▪	Highest Daily Lifetime Income v2.1


▪	Spousal Highest Daily Lifetime Income v2.1


▪	Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit


▪	Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit

We previously offered the following optional living benefits during the periods indicated.

Offered from August 20, 2012 to February 24, 2013:


▪	Highest Daily Lifetime Income 2.0


▪	Spousal Highest Daily Lifetime Income 2.0


▪	Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit


▪	Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit

Please see Appendix D for information pertaining to the Highest Daily Lifetime Income 2.0 Suite of benefits.

Offered from January 24, 2011 to August 19, 2012:


▪	Highest Daily Lifetime Income


▪	Spousal Highest Daily Lifetime Income

Please see Appendix C for information pertaining to the Highest Daily Lifetime Income Suite of benefits.

Offered from March 15, 2010 to January 23, 2011:


▪	Highest Daily Lifetime 6 Plus Income


▪	Spousal Highest Daily Lifetime 6 Plus Income

Please see Appendix B for information pertaining to the Highest Daily Lifetime 6 Plus Suite of benefits.

As a condition of electing an optional living benefit, we limit the Investment Options to which you may allocate your Account Value. Also, these benefits utilize predetermined mathematical formulas to help us manage your guarantee through all market cycles. Under the pre-determined mathematical formula, your Account Value may be transferred between certain “Permitted Sub-accounts” on the one hand and the AST Investment Grade Bond Sub-account on the other hand. Please see the applicable optional benefits section as well as the Appendices to this prospectus for more information on the formulas.

In the “Living Benefits” section, we describe guaranteed minimum withdrawal benefits that allow you to withdraw a specified amount each year for life (or joint lives, for the spousal version of the benefit). Please be aware that if you withdraw more than that amount in a given Annuity Year (i.e., Excess Income), that withdrawal may permanently reduce the guaranteed amount you can withdraw in future years. Please also note that if your Account Value is reduced to zero as a result of a withdrawal of Excess Income, both the optional benefit and the Annuity will terminate. Thus, you should think carefully before taking a withdrawal of Excess Income. If you wish to withdraw Excess Income but are uncertain how it will impact your future guaranteed withdrawal amounts, you may contact us prior to requesting the withdrawal to obtain a personalized, transaction-specific calculation showing the effect of taking the withdrawal.

Guaranteed Minimum Accumulation Benefits. For Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm, we offer two optional benefits, for an additional charge, that guarantee your Account Value to a certain level after a stated period of years. As part of these benefits you may invest only in certain permitted Investment Options. These benefits each utilize a predetermined mathematical formula to help manage your guarantee through all market cycles. Under each pre-determined mathematical formula, your Account Value may be transferred between certain “Permitted Sub-accounts” and a Sub-account within a group of bond portfolio Sub-accounts differing with respect to their target maturity date. Please see the applicable optional benefits section as well as the Appendices to this prospectus for more information on the formulas.

These benefits are:


▪	Guaranteed Return Option^SM Plus II*


▪	Highest Daily^SM Guaranteed Return Option II*


*	Available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm.

Please see “Living Benefits” for more information.

Death Benefits: You may name a Beneficiary to receive the proceeds of your Annuity upon your death. Your death benefit must be distributed within the time period required by the tax laws. Each of our Annuities offers a minimum death benefit. Please see “Minimum Death Benefit” for more information.

Purchase Credits: We apply a “Purchase Credit” to your Annuity’s Account Value with respect to certain Purchase Payments you make under the X Series Annuity. The Purchase Credit is equal to a percentage of each Purchase Payment. The amount of the Purchase Credit depends on your age at the time the Purchase Payment is made and the number of years that the Annuity has been in force. Because the X Series Annuity grants Purchase Credits with respect to your Purchase Payments, the expenses of the X Series Annuity are higher than expenses for an Annuity without a Purchase Credit. In addition, the amount of the Purchase Credits that you receive under the X Series Annuity may be more than offset over time by the additional fees and charges associated with the Purchase Credit.

Fees and Charges: Each Annuity, and the optional living benefits and optional death benefits, are subject to certain fees and charges, as discussed in the “Summary of Contract Fees and Charges” table earlier in this prospectus. In addition, there are fees and expenses of the underlying Portfolios.

What does it mean that my Annuity is “tax deferred”? Variable annuities are “tax deferred”, meaning you pay no taxes on any earnings from your Annuity until you withdraw the money. You may also transfer among your Investment Options without paying a tax at the time of the transfer. When you take your money out of the Annuity, however, you will be taxed on the earnings at ordinary income tax rates. If you withdraw money before you reach age 59¹/₂, you also may be subject to a 10% federal tax penalty.

You may also purchase one of our Annuities as a tax-qualified retirement investment such as an IRA, SEP-IRA, Roth IRA, 401(a) plan, or non-ERISA 403(b) plan. Although there is no additional tax advantage to a variable annuity purchased through one of these plans, the Annuity has features and benefits other than tax deferral that may make it an important investment for a qualified plan. You should consult your tax adviser regarding these features and benefits prior to purchasing a contract for use with a tax-qualified plan.

Market Timing: We have market timing policies and procedures that attempt to detect transfer activity that may adversely affect other Owners or Portfolio shareholders in situations where there is potential for pricing inefficiencies or that involve certain other types of disruptive trading activity (i.e., market timing). Our market timing policies and procedures are discussed in more detail later in this prospectus entitled “Restrictions on Transfers Between Investment Options.”

Other Information: Please see the section entitled “Other Information” for more information about our Annuities, including legal information about Pruco Life of New Jersey, the Separate Account, and underlying Portfolios.

INVESTMENT OPTIONS

The Investment Options under each Annuity consist of the Sub-accounts. In this section, we describe the portfolios in which the Sub-Accounts invest and the investment restrictions that apply if you elect certain optional benefits.

Each Sub-account invests in an underlying Portfolio whose share price generally fluctuates each Valuation Day. The portfolios that you select, among those that are permitted, are your choice – we do not provide investment advice, nor do we recommend any particular Portfolio. Please consult with a qualified investment professional if you wish to obtain investment advice. You bear the investment risk for amounts allocated to the Portfolios.

As a condition of electing an optional living benefit (e.g., Highest Daily Lifetime Income v2.1), you will be prohibited from investing in certain Sub-accounts. We describe those restrictions below. In addition, all of the optional living benefits employ a predetermined mathematical formula, under which money is transferred between your chosen Sub-accounts and a bond portfolio (e.g., the AST Investment Grade Bond Sub-account).

Whether or not you elect an optional benefit subject to the predetermined mathematical formula, you should be aware that the operation of the formula may result in large-scale asset flows into and out of the Sub-accounts. These asset flows could adversely impact the portfolios, including their risk profile, expenses and performance. These asset flows impact not only the Permitted Sub-accounts used with the optional benefits but also the other Sub-accounts, because the portfolios may be used as investments in certain Permitted Sub-accounts that are structured as funds-of-funds. Because transfers between the Sub-accounts and the AST Investment Grade Bond Sub-account can be frequent and the amount transferred can vary from day to day, any of the portfolios could experience the following effects, among others:


(a)	a Portfolio’s investment performance could be adversely affected by requiring a subadviser to purchase and sell securities at inopportune times or by otherwise limiting the subadviser’s ability to fully implement the Portfolio’s investment strategy;


(b)	the subadviser may be required to hold a larger portion of assets in highly liquid securities than it otherwise would hold, which could adversely affect performance if the highly liquid securities underperform other securities (e.g., equities) that otherwise would have been held;


(c)	a Portfolio may experience higher turnover than it would have experienced without the formula, which could result in higher operating expense ratios and higher transaction costs and asset flows or the Portfolio compared to other similar funds.

The asset flows caused by the formula may affect Owners in differing ways. In particular, because the formula is calculated on an individual basis for each contract, on any particular day, some Owners’ Account Value may be transferred to the AST Investment Grade Bond Sub-account and other Owners’ Account Value may not be transferred. To the extent that there is a large transfer of Account Value on a given trading day to the AST Investment Grade Bond Sub-account, and your Account Value is not so transferred, it is possible that the investment performance of the Sub-accounts in which your Account Value remains invested will be negatively affected.

The efficient operation of the asset flows caused by the formula depends on active and liquid markets. If market liquidity is strained, the asset flows may not operate as intended. For example, it is possible that illiquid markets or other market stress could cause delays in the transfer of cash from one Portfolio to another Portfolio, which in turn could adversely impact performance.

VARIABLE INVESTMENT OPTIONS

Each variable Investment Option is a Sub-account of the Pruco Life of New Jersey Flexible Premium Variable Annuity Account (see “Pruco Life of New Jersey and the Separate Account” for more detailed information). Each Sub-account invests exclusively in one Portfolio. The Investment Objectives Chart below provides a description of each Portfolio’s investment objective to assist you in determining which Portfolios may be of interest to you. Please note, the AST Investment Grade Bond Sub-account is not available for allocation of Purchase Payments or owner-initiated transfers.

Not all portfolios offered as Sub-accounts may be available depending on whether you elect an optional benefit. Thus, if you elect an optional benefit, you would be precluded from investing in certain Portfolios and therefore would not receive investment appreciation (or depreciation) affecting those Portfolios.

The Portfolios are not publicly traded mutual funds. They are only available as Investment Options in variable annuity contracts and variable life insurance policies issued by insurance companies, or in some cases, to participants in certain qualified retirement plans. However, some of the Portfolios available as Sub-accounts under the Annuities are managed by the same Portfolio adviser or subadviser as a retail mutual fund of the same or similar name that the Portfolio may have been modeled after at its inception. While the investment objective and policies of the retail mutual funds and the Portfolios may be substantially similar, the actual investments will differ to varying degrees. Differences in the performance of the funds and Portfolios can be expected, and in some cases could be substantial. You should not compare the performance of a publicly traded mutual fund with the performance of any similarly named Portfolio offered as a Sub-account. Details about the investment objectives, policies, risks, costs and management of the Portfolios are found in the prospectuses for the Portfolios. You should carefully read the prospectus for any Portfolio in which you are interested before investing. The current prospectus and statement of additional information for the underlying Portfolio can be obtained by calling 1-888-PRU-2888 or at www.prudentialannuities.com. There is no guarantee that any Portfolio will meet its investment objective. You bear the investment risk for amounts allocated to the portfolios. The Portfolios that you select are your choice - we do not recommend or endorse any particular Portfolio.

In the table that follows, all Portfolio names include the prefix “AST,” which indicates that they are Portfolios of the Advanced Series Trust. In addition, for each Portfolio the subadviser(s), which has been engaged to conduct day-to-day management, is listed next to the description.

This Annuity offers only Portfolios managed by AST Investment Services, Inc. and/or PGIM Investments LLC, both of which are affiliated companies of Pruco Life of New Jersey (“Affiliated Portfolios”). Pruco Life of New Jersey and its affiliates (“Prudential Companies”) receive fees and payments from the Affiliated Portfolios, which may be greater than the fees and payments Prudential Companies would receive if we offered unaffiliated portfolios. Because of the potential for greater profits earned by the Prudential Companies with respect to the Affiliated Portfolios, we have an incentive to offer Affiliated Portfolios over other portfolios sponsored and advised by companies not affiliated with Pruco Life of New Jersey. We have an incentive to offer Portfolios with certain subadvisers, either because the subadviser is a Prudential Company or because the subadviser provides payments or support, including distribution and marketing support, to the Prudential Companies. We may consider those subadviser financial incentive factors in determining which Portfolios to offer under the Annuity. Also, in some cases, we offer Portfolios based on the recommendations made by selling broker-dealer firms. These firms may receive payments from the Portfolios they recommend and may benefit accordingly from allocations of Account Value to the sub-accounts that invest in these Portfolios. Allocations made to all Affiliated Portfolios benefit us financially. Pruco Life of New Jersey has selected the Portfolios for inclusion as investment options under this Annuity in Pruco Life of New Jersey’s role as the issuer of this Annuity, and Pruco Life of New Jersey does not provide investment advice or recommend any particular Portfolio. See "Other Information" under the heading concerning "Fees and Payments Received by Pruco Life of New Jersey" for more information about fees and payments we may receive from underlying Portfolios and/or their affiliates.

In addition, we may consider the potential risk to us of offering a Portfolio in light of the benefits provided by the Annuity.

Once you have selected your Investment Options, we will not rebalance your Account Value to take into account differences in performance among the Sub-accounts unless you participate in an automatic rebalancing program, including the Custom Portfolios Program. These programs would transfer Account Value periodically so that your Account Value allocated to the Sub-accounts is brought back to the exact percentage allocations you stipulated. Please see “Automatic Rebalancing Programs” below for details about how these programs operate. You cannot participate in both the Automatic Rebalancing Program and the Custom Portfolios Program. If you are participating in an optional living benefit that uses a predetermined mathematical formula under which your Account Value may be transferred between certain “Permitted Sub-accounts” and the AST Investment Grade Bond Sub-Account, and you have elected automatic rebalancing, you should be aware that: (a) the AST Investment Grade Bond Sub-Account used as part of the predetermined mathematical formula and the Secure Value Account will not be included as part of automatic rebalancing and (b) the operation of the formula may result in the rebalancing not conforming to the percentage allocations that existed originally.

The following table contains limited information about the Portfolios. Before selecting an Investment Option, you should carefully review the summary prospectuses and/or prospectuses for the Portfolios, which contain details about the investment objectives, policies, risks, costs and management of the Portfolios. You can obtain the summary prospectuses and prospectuses for the Portfolios by calling 1-888-PRU-2888 or at www.prudentialannuities.com.



PORTFOLIO NAME	INVESTMENT OBJECTIVE(S)	PORTFOLIO ADVISER/SUBADVISER(S)
AST Academic Strategies Asset Allocation Portfolio	Seeks long-term capital appreciation.	AlphaSimplex Group, LLC AQR Capital Management, LLC CoreCommodity Management, LLC First Quadrant, L.P. Jennison Associates LLC Morgan Stanley Investment Management Inc. Pacific Investment Management Company, LLC PGIM Investments LLC QMA LLC Western Asset Management Company, LLC Western Asset Management Company Limited
AST Advanced Strategies Portfolio	Seeks a high level of absolute return by using traditional and non-traditional investment strategies and by investing in domestic and foreign equity and fixed income securities, derivative instruments and other investment companies.	Brown Advisory, LLC Loomis, Sayles & Company, L.P. LSV Asset Management Pacific Investment Management Company, LLC PGIM Fixed Income PGIM Investments LLC QMA LLC T. Rowe Price Associates, Inc. William Blair Investment Management, LLC
AST AllianzGI World Trends Portfolio (formerly AST RCM World Trends Portfolio)	Seeks to obtain the highest potential total return consistent with its specified level of risk tolerance.	Allianz Global Investors U.S. LLC
AST AQR Emerging Markets Equity Portfolio	Seeks long-term capital appreciation.	AQR Capital Management, LLC
AST AQR Large-Cap Portfolio	Seeks long-term capital appreciation.	AQR Capital Management, LLC
AST Balanced Asset Allocation Portfolio	Seeks to obtain the highest potential total return consistent with its specified level of risk tolerance.	PGIM Investments LLC QMA LLC
AST BlackRock Global Strategies Portfolio	Seeks a high total return consistent with a moderate level of risk.	BlackRock Financial Management, Inc. BlackRock International Limited
AST BlackRock Low Duration Bond Portfolio	Seeks to maximize total return, consistent with income generation and prudent investment management.	BlackRock Financial Management, Inc.



PORTFOLIO NAME	INVESTMENT OBJECTIVE(S)	PORTFOLIO ADVISER/SUBADVISER(S)
AST BlackRock/Loomis Sayles Bond Portfolio	Seeks to maximize total return, consistent with preservation of capital and prudent investment management.	BlackRock Financial Management, Inc. BlackRock International Limited BlackRock (Singapore) Limited Loomis, Sayles & Company, L.P.
AST Bond Portfolio 2019	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2020	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2021	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2022	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2023	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2024	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2025	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2026	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2027	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2028	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2029	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Bond Portfolio 2030	Seeks the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST Capital Growth Asset Allocation Portfolio	Seeks to obtain the highest potential total return consistent with its specified level of risk tolerance.	PGIM Investments LLC QMA LLC
AST ClearBridge Dividend Growth Portfolio	Seeks income, capital preservation, and capital appreciation.	ClearBridge Investments, LLC
AST Cohen & Steers Global Realty Portfolio (formerly AST Global Real Estate Portfolio)	Seeks capital appreciation and income.	Cohen & Steers Asia Limited Cohen & Steers Capital Management, Inc. Cohen & Steers UK Limited
AST Cohen & Steers Realty Portfolio	Seeks to maximize total return through investment in real estate securities.	Cohen & Steers Capital Management, Inc.
AST Fidelity Institutional AM^®Quantitative Portfolio	Seeks long-term capital growth balanced by current income.	FIAM LLC
AST Goldman Sachs Multi-Asset Portfolio	Seeks to obtain a high level of total return consistent with its level of risk tolerance.	Goldman Sachs Asset Management, L.P.
AST Goldman Sachs Small-Cap Value Portfolio	Seeks long-term capital appreciation.	Goldman Sachs Asset Management, L.P.
AST Government Money Market Portfolio	Seeks high current income and maintain high levels of liquidity.	PGIM Fixed Income
AST High Yield Portfolio	Seeks maximum total return, consistent with preservation of capital and prudent investment management.	J.P. Morgan Investment Management, Inc. PGIM Fixed Income



PORTFOLIO NAME	INVESTMENT OBJECTIVE(S)	PORTFOLIO ADVISER/SUBADVISER(S)
AST Hotchkis & Wiley Large-Cap Value Portfolio	Seeks current income and long-term growth of income, as well as capital appreciation.	Hotchkis & Wiley Capital Management, LLC
AST International Growth Portfolio	Seeks long-term capital growth.	Jennison Associates LLC Neuberger Berman Investment Advisers LLC William Blair Investment Management, LLC
AST International Value Portfolio	Seeks capital growth.	Lazard Asset Management LLC LSV Asset Management
AST Investment Grade Bond Portfolio	Seeks to maximize total return, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.	PGIM Fixed Income
AST J.P. Morgan Global Thematic Portfolio	Seeks capital appreciation consistent with its specified level of risk tolerance.	J.P. Morgan Investment Management, Inc.
AST J.P. Morgan International Equity Portfolio	Seeks capital growth.	J.P. Morgan Investment Management, Inc.
AST J.P. Morgan Strategic Opportunities Portfolio	Seeks to maximize return compared to the benchmark through security selection and tactical asset allocation.	J.P. Morgan Investment Management, Inc.
AST Jennison Large-Cap Growth Portfolio	Seeks long-term growth of capital.	Jennison Associates LLC
AST Legg Mason Diversified Growth Portfolio	Seeks high risk-adjusted returns compared to its blended index.	Brandywine Global Investment Management, LLC ClearBridge Investments, LLC QS Investors, LLC Western Asset Management Company, LLC Western Asset Management Company Limited
AST Loomis Sayles Large-Cap Growth Portfolio	Seeks capital growth. Income realization is not an investment objective and any income realized on the Portfolio’s investments, therefore, will be incidental to the Portfolio’s objective.	Loomis, Sayles & Company, L.P.
AST MFS Global Equity Portfolio	Seeks capital growth.	Massachusetts Financial Services Company
AST MFS Growth Allocation Portfolio (formerly AST New Discovery Asset Allocation Portfolio)	Seeks total return.	Massachusetts Financial Services Company
AST MFS Growth Portfolio	Seeks long-term capital growth and future, rather than current income.	Massachusetts Financial Services Company
AST MFS Large-Cap Value Portfolio	Seeks capital appreciation.	Massachusetts Financial Services Company
AST Mid-Cap Growth Portfolio (formerly AST Goldman Sachs Mid-Cap Growth Portfolio)	Seeks long-term growth of capital.	Massachusetts Financial Services Company Victory Capital Management Inc.
AST Neuberger Berman/LSV Mid-Cap Value Portfolio	Seeks capital growth.	LSV Asset Management Neuberger Berman Investment Advisers LLC
AST Parametric Emerging Markets Equity Portfolio	Seeks long-term capital appreciation.	Parametric Portfolio Associates LLC
AST Preservation Asset Allocation Portfolio	Seeks to obtain the highest potential total return consistent with its specified level of risk tolerance.	PGIM Investments LLC QMA LLC
AST Prudential Core Bond Portfolio	Seeks to maximize total return consistent with the long-term preservation of capital.	PGIM Fixed Income
AST Prudential Growth Allocation Portfolio	Seeks total return.	PGIM Fixed Income QMA LLC
AST QMA Large-Cap Portfolio	Seeks long-term capital appreciation.	QMA LLC
AST QMA US Equity Alpha Portfolio	Seeks long term capital appreciation.	QMALLC
AST Quantitative Modeling Portfolio	Seeks a high potential return while attempting to mitigate downside risk during adverse market cycles.	PGIM Investments LLC QMA LLC
AST Small-Cap Growth Opportunities Portfolio	Seeks capital growth.	Victory Capital Management Inc. Wellington Management Company, LLP
AST Small-Cap Growth Portfolio	Seeks long-term capital growth.	Emerald Mutual Fund Advisers Trust UBS Asset Management (Americas) Inc.
AST Small-Cap Value Portfolio	Seeks to provide long-term capital growth by investing primarily in small-capitalization stocks that appear to be undervalued.	J.P. Morgan Investment Management, Inc. LMCG Investments, LLC
AST T. Rowe Price Asset Allocation Portfolio	Seeks a high level of total return by investing primarily in a diversified portfolio of equity and fixed income securities.	T. Rowe Price Associates, Inc.
AST T. Rowe Price Growth Opportunities Portfolio	Seeks a high level of total return by investing primarily in a diversified portfolio of equity and fixed income securities.	T. Rowe Price Associates, Inc. T. Rowe Price International, Ltd. T. Rowe Price Japan, Inc. T. Rowe Price Hong Kong Limited
AST T. Rowe Price Large-Cap Growth Portfolio	Seeks long-term growth of capital by investing predominantly in the equity securities of a limited number of large, carefully selected, high-quality U.S. companies that are judged likely to achieve superior earnings growth.	T. Rowe Price Associates, Inc.



PORTFOLIO NAME	INVESTMENT OBJECTIVE(S)	PORTFOLIO ADVISER/SUBADVISER(S)
AST T. Rowe Price Large-Cap Value Portfolio	Seeks maximum growth of capital by investing primarily in the value stocks of larger companies.	T. Rowe Price Associates, Inc.
AST T. Rowe Price Natural Resources Portfolio	Seeks long-term capital growth primarily through the investment in common stocks of companies that own or develop natural resources (such as energy products, precious metals and forest products) and other basic commodities.	T. Rowe Price Associates, Inc.
AST Templeton Global Bond Portfolio	Seeks to provide current income with capital appreciation and growth of income.	Franklin Advisers, Inc.
AST WEDGE Capital Mid-Cap Value Portfolio	Seeks to provide capital growth by investing primarily in mid-capitalization stocks that appear to be undervalued.	WEDGE Capital Management LLP
AST Wellington Management Hedged Equity Portfolio	Seeks to outperform a mix of 50% Russell 3000 Index, 20% MSCI Europe, Australasia and the Far East (EAFE) Index, and 30% Bank of America Merrill Lynch Three-Month US Treasury Bill Index over a full market cycle by preserving capital in adverse markets utilizing an options strategy while maintaining equity exposure to benefit from up markets through investments in the Portfolio’s subadviser’s equity investment strategies.	Wellington Management Company LLP
AST Western Asset Core Plus Bond Portfolio	Seeks to maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain the average duration specified for the Portfolio.	Western Asset Management Company, LLC Western Asset Management Company Limited
AST Western Asset Emerging Markets Debt Portfolio	Seeks to maximize total return.	Western Asset Management Company, LLC Western Asset Management Company Limited
PSF Small Capitalization Stock Portfolio	Seeks long-term growth of capital.	QMA LLC
PSF Stock Index Portfolio	Seeks to achieve investment results that generally correspond to the performance of publicly-traded common stocks.	QMA LLC

FIAM LLC is a business unit of FMR LLC (also known as Fidelity Investments).

Fidelity Institutional AM is a registered service mark of FMR LLC. Used with permission.

PGIM Fixed Income is a business unit of PGIM, Inc.

PGIM Real Estate is a business unit of PGIM, Inc.

PGIM Investments LLC manages each of the portfolios of the Advanced Series Trust (AST). AST Investment Services, Inc. serves as co-manager, along with PGIM Investments LLC, to many of the portfolios of AST.

PGIM Investments LLC manages each of the portfolios of the Prudential Series Fund (PSF).

QMA LLC formerly known as Quantitative Management Associates LLC.

LIMITATIONS WITH OPTIONAL BENEFITS

As a condition to your electing certain optional benefits, we limit the Investment Options to which you may allocate your Account Value. Broadly speaking, we offer two groups of “Permitted Sub-accounts”. Under the first group (Group I), your allowable Investment Options are more limited, but you are not subject to mandatory quarterly rebalancing. We call the second group (Group II) our “Custom Portfolios Program.” The Custom Portfolios Program offers a larger menu of portfolios, but you are subject to certain other restrictions. Specifically:


▪	you must allocate at least 20% of your Account Value to certain fixed income portfolios (currently, the AST BlackRock/Loomis Sayles Bond Portfolio, the AST Western Asset Core Plus Bond Portfolio, and/or the AST Prudential Core Bond Portfolio); and


▪	you may allocate up to 80% in the portfolios listed in the table below; and

▪

on each benefit quarter (or the next Valuation Day, if the quarter-end is not a Valuation Day), we will automatically re-balance your Sub-accounts used with this Program, so that the percentages devoted to each portfolio remain the same as those in effect on the immediately preceding quarter-end, subject to the pre-determined mathematical formula inherent in the benefit. Note that on the first quarter-end following your participation in the Custom Portfolios Program, we will re-balance your Sub-accounts so that the percentages devoted to each portfolio remain the same as those in effect when you began the Custom Portfolios Program (subject to the predetermined mathematical formula inherent in the benefit); and


▪	between quarter-ends, you may re-allocate your Account Value among the Investment Options permitted within this category. If you reallocate, the next quarterly rebalancing will restore the percentages to those of your most recent reallocation; and


▪	if you are already participating in the Custom Portfolios Program and add a new benefit that also participates in this program, your rebalancing date will continue to be based upon the quarterly anniversary of your initial benefit election.

While those who do not participate in any optional benefit generally may invest in any of the Investment Options described in the prospectus, only those who participate in the optional benefits listed in Group II below may participate in the Custom Portfolios Program. Please note that the Custom Portfolios Program is not available with any of the Highest Daily Lifetime Income v2.1 and 2.0 benefits. If you currently have an optional death benefit that allows you to participate in the Custom Portfolios Program and wish to elect a Highest Daily Lifetime Income v2.1 benefit, you may not continue to invest under the Custom Portfolios Program. Instead, you will have to allocate your Account Value to the Investment Options permitted for the Highest Daily Lifetime Income v2.1 benefit at the time you elect it. If you participate in the Custom Portfolios Program, you may not participate in other Automatic Rebalancing Programs. We may modify or terminate the Custom Portfolios Program at any time. Any such modification or termination will (i) be implemented only after we have notified you in advance, (ii) not affect the guarantees you had

accrued under the optional benefit or your ability to continue to participate in those optional benefits, and (iii) not require you to transfer Account Value out of any portfolio in which you participated immediately prior to the modification or termination. If you are not participating in the Custom Portfolios Program at the time of any modification or termination, or if you voluntarily transfer your Account Value out of the Custom Portfolios Program after any modification or termination, we may restrict your further eligibility to participate in the Custom Portfolios Program.

In the following tables, we set forth the optional benefits that you may have if you also participate in the Group I or Group II programs, respectively.

Group I: Allowable Benefit Allocations



Highest Daily Lifetime Income v2.1	AST Academic Strategies Asset Allocation Portfolio
Spousal Highest Daily Lifetime Income v2.1	AST Advanced Strategies Portfolio
Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit	AST AllianzGI World Trends Portfolio
Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit	AST Balanced Asset Allocation Portfolio
Highest Daily Lifetime Income 2.0	AST BlackRock Global Strategies Portfolio
Spousal Highest Daily Lifetime Income 2.0	AST Capital Growth Asset Allocation Portfolio
Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit	AST Fidelity Institutional AM^®Quantitative Portfolio
Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit	AST Goldman Sachs Multi-Asset Portfolio
Highest Daily Lifetime Income	AST J.P. Morgan Global Thematic Portfolio
Spousal Highest Daily Lifetime Income	AST J.P. Morgan Strategic Opportunities Portfolio
Highest Daily Lifetime 6 Plus	AST MFS Growth Allocation Portfolio
Spousal Highest Daily Lifetime 6 Plus	AST Preservation Asset Allocation Portfolio
GRO Plus II	AST Prudential Growth Allocation Portfolio
Highest Daily GRO II	AST T. Rowe Price Asset Allocation Portfolio
Highest Anniversary Value Death Benefit	AST Wellington Management Hedged Equity Portfolio

Group II: Custom Portfolios Program



Highest Daily Lifetime Income	AST Academic Strategies Asset Allocation Portfolio
Spousal Highest Daily Lifetime Income	AST Advanced Strategies Portfolio
Highest Daily Lifetime 6 Plus	AST AllianzGI World Trends Portfolio
Spousal Highest Daily Lifetime 6 Plus	AST Balanced Asset Allocation Portfolio
GRO Plus II	AST BlackRock Global Strategies Portfolio
Highest Daily GRO II	AST BlackRock Low Duration Bond Portfolio
Highest Anniversary Value Death Benefit	AST BlackRock/Loomis Sayles Bond Portfolio
	AST Capital Growth Asset Allocation Portfolio
	AST ClearBridge Dividend Growth Portfolio
	AST Cohen & Steers Global Realty Portfolio
	AST Cohen & Steers Realty Portfolio
	AST Fidelity Institutional AM^®Quantitative Portfolio
	AST Goldman Sachs Multi-Asset Portfolio
	AST Goldman Sachs Small-Cap Value Portfolio
	AST Government Money Market Portfolio
	AST High Yield Portfolio
	AST Hotchkis & Wiley Large-Cap Value Portfolio
	AST International Growth Portfolio
	AST International Value Portfolio
	AST J.P. Morgan Global Thematic Portfolio
	AST J.P. Morgan International Equity Portfolio
	AST J.P. Morgan Strategic Opportunities Portfolio
	AST Jennison Large-Cap Growth Portfolio
	AST Loomis Sayles Large-Cap Growth Portfolio
	AST MFS Global Equity Portfolio
	AST MFS Growth Allocation Portfolio
	AST MFS Growth Portfolio
	AST MFS Large-Cap Value Portfolio
	AST Mid-Cap Growth Portfolio
	AST Neuberger Berman/LSV Mid-Cap Value Portfolio
	AST Parametric Emerging Markets Equity Portfolio
	AST Preservation Asset Allocation Portfolio
	AST Prudential Core Bond Portfolio
	AST Prudential Growth Allocation Portfolio
	AST QMA US Equity Alpha Portfolio
	AST Small-Cap Growth Opportunities Portfolio
	AST Small-Cap Growth Portfolio
	AST Small-Cap Value Portfolio
	AST T. Rowe Price Asset Allocation Portfolio
	AST T. Rowe Price Large-Cap Growth Portfolio
	AST T. Rowe Price Large-Cap Value Portfolio
	AST T. Rowe Price Natural Resources Portfolio
	AST Templeton Global Bond Portfolio
	AST WEDGE Capital Mid-Cap Value Portfolio
	AST Wellington Management Hedged Equity Portfolio
	AST Western Asset Core Plus Bond Portfolio

FEES, CHARGES AND DEDUCTIONS

In this section, we provide detail about the charges you incur if you own the Annuity.

The charges under each Annuity are designed to cover, in the aggregate, our direct and indirect costs of selling, administering and providing benefits under each Annuity. They are also designed, in the aggregate, to compensate us for the risks of loss we assume. If, as we expect, the charges that we collect from the Annuities exceed our total costs in connection with the Annuities, we will earn a profit. Otherwise we will incur a loss. For example, Pruco Life of New Jersey may make a profit on the Insurance Charge if, over time, the actual costs of providing the guaranteed insurance obligations and other expenses under an Annuity are less than the amount we deduct for the Insurance Charge. To the extent we make a profit on the Insurance Charge, such profit may be used for any other corporate purpose.

The rates of certain of our charges have been set with reference to estimates of the amount of specific types of expenses or risks that we will incur. In general, a given charge under the Annuity compensates us for our costs and risks related to that charge and may provide for a profit. However, it is possible that with respect to a particular obligation we have under this Annuity, we may be compensated not only by the charge specifically tied to that obligation, but also from one or more other charges we impose.

With regard to charges that are assessed as a percentage of the value of the Sub-accounts, please note that such charges are assessed through a reduction to the Unit Value of your investment in each Sub-account, and in that way reduce your Account Value. A “Unit” refers to a share of participation in a Sub-account used to calculate your Account Value prior to the Annuity Date.

Contingent Deferred Sales Charge (“CDSC”): A CDSC reimburses us for expenses related to sales and distribution of the Annuity, including commissions, marketing materials, other promotional expenses and, in the case of the X Series, the cost of providing a Purchase Credit. We may deduct a CDSC if you surrender your Annuity or when you make a partial withdrawal (except that there is no CDSC on the C Series Annuity). The CDSC is calculated as a percentage of your Purchase Payment (not including any Purchase Credit applied on the X Series) being surrendered or withdrawn. The CDSC percentage varies with the number of years that have elapsed since each Purchase Payment being withdrawn was made. If a withdrawal is taken on the day before the anniversary of the date that the Purchase Payment being withdrawn was made, then the CDSC percentage as of the next following year will apply. The CDSC percentages for the X Series, the B Series, and the L Series are shown under “Summary of Contract Fees and Charges” earlier in this prospectus.

With respect to a partial withdrawal, we calculate the CDSC by assuming that any available free withdrawal amount is taken out first (see “Free Withdrawal Amounts” later in this prospectus). If the free withdrawal amount is not sufficient, we then assume that any remaining amount of a partial withdrawal is taken from Purchase Payments on a first-in, first-out basis, and subsequently from any other Account Value in the Annuity (including gains), as described in the examples below.

EXAMPLES

These examples are designed to show you how the CDSC is calculated. They do not take into account any other fees and charges. The examples illustrate how the CDSC would apply to reduce your Account Value based on the timing and amount of your withdrawals. They also illustrate how a certain amount of your withdrawal, the “Free Withdrawal Amount,” is not subject to the CDSC. The Free Withdrawal Amount is equal to 10% of all Purchase Payments currently subject to a CDSC in each year and is described in more detail in “Access to Account Value,” later in this prospectus.

Assume you purchase your B Series Annuity with a $75,000 initial Purchase Payment and you make no additional Purchase Payments for the life of your Annuity.

Example 1

Assume the following:


▪	two years after the purchase, your Account Value is $85,000 (your Purchase Payment of $75,000 plus $10,000 of investment gain);


▪	the free withdrawal amount is $7,500 ($75,000 x .10);


▪	the applicable CDSC is 6%.

If you request a withdrawal of $50,000, $7,500 is not subject to the CDSC because it is the free withdrawal amount. The remaining amount of your withdrawal is subject to the 6% CDSC.

Gross Withdrawal or Net Withdrawal. Generally, you can request either a gross withdrawal or a net withdrawal. If, however, you are taking your Annual Income Amount through our systematic withdrawal program, you will only be permitted to take that withdrawal on a gross basis. In a gross withdrawal, you request a specific withdrawal amount with the understanding that the amount you actually receive is reduced by any applicable CDSC or tax withholding. In a net withdrawal, you request a withdrawal for an exact dollar amount with the understanding that any applicable deduction for CDSC or tax withholding is taken from your Account Value. This means that an amount greater than the amount of your requested withdrawal may be deducted from your Account Value. To make sure that you receive the full amount requested, we calculate the entire amount, including the amount generated due to the CDSC or tax withholding, that will need to be withdrawn. We then apply the CDSC or tax withholding to that entire amount.

▪

If you request a gross withdrawal, the amount of the CDSC will reduce the amount of the withdrawal you receive. In this case, the CDSC would equal $2,550 (($50,000 – the free withdrawal amount of $7,500 = $42,500) x .06 = $2,550). You would receive $47,450 ($50,000 – $2,550). To determine your remaining Account Value after your withdrawal, we reduce your initial Account by the amount of your requested withdrawal. In this case, your Account Value would be $35,000 ($85,000 – $50,000).

▪

If you request a net withdrawal, we first determine the entire amount that will need to be withdrawn in order to provide the requested payment. We do this by first subtracting the free withdrawal amount and dividing the resulting amount by the result of 1 minus the surrender charge. Here is the calculation: $42,500/(1 – 0.06) = $45,212.77. This is the total amount to which the CDSC will apply. The amount of the CDSC is $2,712.77. Therefore, in order to for you to receive the full $50,000, we will need to deduct $52,712.77 from your Account Value, resulting in remaining Account Value of $32,287.23.

Example 2

Assume the following:


▪	you took the withdrawal described above as a gross withdrawal;


▪	two years after the withdrawal described above, the Account Value is $48,500 ($35,000 of remaining Account Value plus $13,500 of investment gain);


▪	the free withdrawal amount is still $7,500 because no additional Purchase Payments have been made and the Purchase Payment is still subject to a CDSC; and


▪	the applicable CDSC in Annuity Year 4 is now 5%.

If you now take a second gross withdrawal of $10,000, $7,500 is not subject to the CDSC because it is the free withdrawal amount. The remaining $2,500 is subject to the 5% CDSC or $125 and you will receive $9,875.

See “Free Withdrawal Amounts” later in this prospectus for a discussion as to how this might affect an optional living benefit you may have. Please be aware that under the Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income and Highest Daily Lifetime Income 6 plus suites of benefits: (a) for a gross withdrawal, if the amount requested exceeds the Annual Income Amount, the excess portion will be treated as Excess Income and (b) for a net withdrawal, if the amount you receive plus the amount of the CDSC deducted from your Account Value exceeds the Annual Income Amount, the excess portion will be treated as Excess Income (which has negative consequences under those benefits).

Upon surrender, we calculate a CDSC based on any Purchase Payments that remain in your Account Value on the date of the surrender (and after all other withdrawals have been taken). If you have made prior partial withdrawals or if your Account Value has declined in value due to negative Sub-account performance, the Purchase Payments used in the calculation may be greater than your remaining Account Value. Consequently, a higher CDSC may result than if we had calculated the CDSC as a percentage of remaining Account Value.

We may waive any applicable CDSC under certain circumstances described below in “Exceptions/Reductions to Fees and Charges.”

Transfer Fee: Currently, you may make 20 free transfers between Investment Options each Annuity Year. We may charge $10 for each transfer after the 20^th in each Annuity Year. We do not consider transfers made as part of a Dollar Cost Averaging, Automatic Rebalancing or Custom Portfolio Program when we count the 20 free transfers. All transfers made on the same day will be treated as one transfer. Transfers made through any electronic method or program we specify are not counted toward the 20 free transfers. The transfer fee is deducted pro rata from all Sub-accounts in which you maintain Account Value immediately subsequent to the transfer.

Annual Maintenance Fee: Prior to Annuitization, we deduct an Annual Maintenance Fee. The Annual Maintenance Fee is equal to $30 or 2% of your Account Value, whichever is less. This fee compensates us for administrative and operational costs in connection with the Annuity, such as maintaining our internal systems that support the Annuity. This fee will be deducted annually on the anniversary of the Issue Date of your Annuity or, if you surrender your Annuity during the Annuity Year, the fee is deducted at the time of surrender unless the surrender is taken within 30 days of the most recently assessed Annual Maintenance Fee. The fee is taken out from the Sub-accounts pro rata. The Annual Maintenance Fee is only deducted if the sum of the Purchase Payments at the time the fee is deducted is less than $100,000. We do not impose the Annual Maintenance Fee upon Annuitization (unless Annuitization occurs on an Annuity anniversary), or the payment of a Death Benefit. For Beneficiaries that elect the Beneficiary Continuation Option, the Annual Maintenance Fee is the lesser of $30 or 2% of Account Value and is only assessed if the Account Value is less than $25,000 at the time the fee is due.

Insurance Charge: We deduct an Insurance Charge daily based on the annualized rate shown in the “Summary of Contract Fees and Charges.” The charge is assessed against the assets allocated to the Sub-accounts. The Insurance Charge is the combination of the Mortality & Expense Risk Charge and the Administration Charge. The Insurance Charge is intended to compensate Pruco Life of New Jersey for providing the insurance benefits under each Annuity, including each Annuity’s basic Death Benefit (as described in the “Minimum Death Benefit” subsection in “Death Benefits” later in this prospectus) that, subject to the Annuity’s terms and conditions, provides guaranteed benefits to your Beneficiaries even if your Account Value declines. The Insurance Charge also compensates us for the risk that persons we guarantee annuity payments to will live longer than our assumptions. The charge further compensates us for our administrative costs associated with providing the Annuity benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees as well as various related expenses. Finally, the charge compensates us for the risk that our assumptions about the mortality risks and expenses under each Annuity are incorrect and that we have agreed not to increase these charges over time despite our actual costs. Each Annuity has a different Insurance Charge during the first 9 Annuity Years. However, for the L Series, X Series, and C Series, on the Valuation Day immediately following the 9th Annuity Anniversary, the Insurance Charge drops to 1.30% annually (the B Series Insurance Charge is a constant 1.30%). Please refer to the section entitled “Valuing Your Investment” for more information about how the units are impacted when the Insurance Charge decreases to 1.30%.

Charges for Optional Benefits: If you elect to purchase optional benefits, we will deduct an additional charge. This charge compensates us for the guarantees provided by the living benefit (as described in “Optional Living Benefits” later in this prospectus) and the risk the persons we guarantee living benefit payments to will live longer than our assumptions. For some optional benefits, the charge is assessed against your Account Value allocated to the Sub-accounts. These charges are included in the daily calculation of the Unit Price for each Sub-account. For certain other optional benefits, such as Highest Daily Lifetime Income v2.1, the charge is assessed against the greater of the Account Value and the Protected Withdrawal Value and is taken out of the Sub-accounts quarterly. Please refer to the section entitled “Summary of Contract Fees and Charges” for the list of charges for each optional benefit.

Settlement Service Charge: If your Beneficiary takes the death benefit under a Beneficiary Continuation Option, the Insurance Charge no longer applies. However, we then begin to deduct a Settlement Service Charge which compensates us for the cost of providing administrative services in connection with the Beneficiary Continuation Option. This charge is assessed daily against the assets allocated to the Sub-accounts and is equal to an annualized charge of 1%.

Fees and expenses incurred by the Portfolios: Each Portfolio incurs total annualized operating expenses comprised of an investment management fee, other expenses and any distribution and service (12b-1) fees and short sale expenses that may apply. These fees and expenses are assessed against each Portfolio’s net assets, and reflected daily by each Portfolio before it provides Pruco Life of New Jersey with the net asset value as of the close of business each Valuation Day. More detailed information about fees and expenses can be found in the summary prospectuses and prospectuses for the Portfolios, which can be obtained by calling 1-888-PRU-2888 or at www.prudentialannuities.com.

ANNUITY PAYMENT OPTION CHARGES

If you select a fixed payment option upon Annuitization, the amount of each fixed payment will depend on the Account Value of your Annuity when you elected to annuitize. There is no specific charge deducted from these payments; however, the amount of each annuity payment reflects assumptions about our insurance expenses. Also, a tax charge may apply.

EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES

We may reduce or eliminate certain fees and charges or alter the manner in which the particular fee or charge is deducted. For example, we may reduce the amount of any CDSC or the length of time it applies, reduce or eliminate the amount of the Annual Maintenance Fee or reduce the portion of the total Insurance Charge that is deducted as an Administration Charge. We will not discriminate unfairly between Annuity purchasers if and when we reduce any fees and charges.

Tax Charge

We will pay company income taxes on the taxable corporate earnings created by this Annuity. While we may consider company income taxes when pricing our products, we do not currently include such income taxes in the tax charges you may pay under the Annuity. We will periodically review the issue of charging for these taxes, and we may charge for these taxes in the future. We reserve the right to impose a charge for federal income taxes if we determine, in our sole discretion, that we will incur a tax as a result of the operation of the Separate Account.

In calculating our corporate income tax liability, we may derive certain corporate income tax benefits associated with the investment of company assets, including Separate Account assets, which are treated as company assets under applicable income tax law. These benefits reduce our overall corporate income tax liability. Under current law, such benefits may include foreign tax credits and corporate dividend received deductions. We do not pass these tax benefits through to holders of the Separate Account annuity contracts because (i) the contract Owners are not the Owners of the assets generating these benefits under applicable income tax law and (ii) we do not currently include company income taxes in the tax charges you pay under the Annuity. We reserve the right to change these tax practices.

PURCHASING YOUR ANNUITY

Please note that these Annuities are no longer available for new sales. The information provided in this section is for informational purposes only.

REQUIREMENTS FOR PURCHASING THE ANNUITY

We may apply certain limitations, restrictions, and/or underwriting standards as a condition of our issuance of an Annuity and/or acceptance of Purchase Payments. All such conditions are described below.

Initial Purchase Payment: An initial Purchase Payment is considered the first Purchase Payment received by us in Good Order and in an amount sufficient to issue your Annuity. All subsequent Purchase Payments allocated to the Annuity will be considered additional Purchase Payments. Unless we agree otherwise and subject to our rules, you must make a minimum initial Purchase Payment as follows: $1,000 for the B Series and $10,000 for the X Series, C Series, and L Series. However, if you decide to make payments under a systematic investment or an electronic funds transfer program, we may accept a lower initial Purchase Payment provided that, within the first Annuity Year, your subsequent Purchase Payments plus your initial Purchase Payment total the minimum initial Purchase Payment amount required for the Annuity purchased.

We must approve any initial and additional Purchase Payments where the total amount of Purchase Payments equals $1,000,000 or more with respect to this Annuity and any other annuities you are purchasing from us (or that you already own) and/or our affiliates. That required approval also will apply to a proposed change of owner of the Annuity, if as a result of the ownership change, total Purchase Payments with respect to this Annuity and all other annuities owned by the new Owner would equal or exceed that $1 million threshold. We may limit additional Purchase Payments under other circumstances, as explained in “Additional Purchase Payments,” below.

Applicable laws designed to counter terrorists and prevent money laundering might, in certain circumstances, require us to block an Annuity Owner’s ability to make certain transactions, and thereby refuse to accept Purchase Payments or requests for transfers, partial withdrawals, total withdrawals, death benefits, or income payments until instructions are received from the appropriate regulator. We also may be required to provide additional information about you and your Annuity to government regulators.

Except as noted below, Purchase Payments must be submitted by check drawn on a U.S. bank, in U.S. dollars, and made payable to Pruco Life of New Jersey. Purchase Payments may also be submitted via 1035 exchange or direct transfer of funds. Under certain circumstances, Purchase Payments may be transmitted to Pruco Life of New Jersey by wiring funds through your financial professional's broker-dealer firm. Additional Purchase Payments may also be applied to your Annuity under an electronic funds transfer, an arrangement where you authorize us to deduct money directly from your bank account. We may reject any payment if it is received in an unacceptable form. Our acceptance of a check is subject to our ability to collect funds.

Once we accept your application, we invest your Purchase Payment in your Annuity according to your instructions. You can allocate Purchase Payments to one or more available Investment Options. Investment restrictions will apply if you elect an optional benefit.

Speculative Investing: Do not purchase this Annuity if you, anyone acting on your behalf, and/or anyone providing advice to you plan to use it, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme now or at any time prior to termination of the Annuity. Your Annuity may not be traded on any stock exchange or secondary market. By purchasing this Annuity, you represent and warrant that you are not using this Annuity, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme.

Currently, we will not issue an Annuity, permit changes in ownership or allow assignments to certain ownership types, including but not limited to: corporations, partnerships and endowments. Further, we will only issue an Annuity, allow changes of ownership and/or permit assignments to certain ownership types if the Annuity is held exclusively for the benefit of the designated Annuitant. These rules are subject to state law. You may name as Owner of the Annuity a grantor trust with one grantor only if the grantor is designated as the Annuitant. You may name as Owner of the Annuity, subject to state availability, a grantor trust with two grantors only if the oldest grantor is designated as the Annuitant. We will not issue Annuities to grantor trusts with more than two grantors and we will not permit co-grantors to be designated as either Joint Annuitants during the Accumulation Period or Contingent Annuitants.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within 5 years after the date of death of the first grantor’s death under Section 72(s) of the Code. If a non-Annuitant grantor predeceases the Annuitant, the Surrender Value will be payable. The Surrender Value will be payable to the trust and there is no Death Benefit provided under the Annuity except as otherwise described below. Between the date of death of the non-Annuitant grantor and the date that we distribute the Surrender Value, the Account Value is reduced by the Total Insurance Charge and subject to Sub-account fluctuations If the Annuitant dies after the death of the first grantor, but prior to the distribution of the Surrender Value of the Annuity, then the Death Benefit amount will be payable as a lump sum to the Beneficiary (ies) as described in the “Death Benefits” section of this prospectus. See the “Death Benefits” section later in this prospectus for information on the amount payable if the Annuitant predeceases the non-Annuitant grantor.

Age Restrictions: Unless we agree otherwise and subject to our rules, in order to issue the Annuity we must receive the application, in good order, before the oldest of the Owner(s) and Annuitant(s) turns age 81 for the X Series and age 86 for the B Series, L Series, and C Series. No additional Purchase Payments will be permitted after age 85 for any of the Annuities. If you purchase a Beneficiary Annuity, the maximum issue age is 70 based on the Key Life. The availability and level of protection of certain optional benefits may vary based on the age of the oldest Owner (or Annuitant, if entity-owned) on the Issue Date of the Annuity or the date of the Owner’s death. In addition, the broker-dealer firm through which you

are purchasing an Annuity may impose a younger maximum issue age than what is described above - check with the broker-dealer firm for details. The “Annuitant” refers to the natural person upon whose life annuity payments payable to the Owner are based.

Additional Purchase Payments: Currently you may make additional Purchase Payments, provided that the payment is at least $100 (we impose a $50 minimum for electronic funds transfer or “EFT” purchases). We may amend this Purchase Payment minimum, and/or limit the Investment Options to which you may direct Purchase Payments. You may make additional Purchase Payments, unless the Annuity is held as a Beneficiary Annuity, at any time before the earlier of the Annuity Date and (i) for Annuities that are not entity-owned, the oldest Owner’s 86^th birthday or (ii) for entity-owned Annuities, the Annuitant’s 86^th birthday. However, Purchase Payments are not permitted after the Account Value is reduced to zero.

Each additional Purchase Payment will be allocated to the Investment Options according to the instructions you provide with such Purchase Payment. You may not provide allocation instructions that apply to more than one additional Purchase Payment. Thus, if you have not provided allocation instructions with a particular additional Purchase Payment, we will allocate the Purchase Payment on a pro rata basis to the Sub-accounts in which your Account Value is then allocated, excluding Sub-accounts to which you may not choose to allocate Account Value, such as the AST Investment Grade Bond Sub-account.

If you have elected a living benefit where we currently limit additional Purchase Payments received after the first anniversary of the benefit effective date to $50,000 in each benefit year, we will permit contributions into your SEP Annuity contract up to the annual IRS limits. For additional information regarding the IRS limits applicable to SEP Annuity contracts see “Qualified Annuities” section in “Tax Considerations” for additional information.

For Annuities that have one of the Highest Daily Lifetime Income v2.1 benefits, we may limit, suspend or reject any additional Purchase Payment at any time, but would do so only on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that, as a result of the timing and amounts of your additional Purchase Payments and withdrawals, the Annual Income Amount is being increased in an unintended fashion (among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s));


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we exercise our right to suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund the Highest Daily Lifetime Income v2.1 benefit that you selected to the level you originally intended. This means that you may no longer be able to increase the values associated with your Highest Daily Lifetime Income v2.1 benefit through additional Purchase Payments. This would also impact your ability to make annual contributions to certain qualified Annuities. Please see the “Living Benefits” section later in this prospectus for further information on additional Purchase Payments.

Depending on the tax status of your Annuity (e.g., if you own the Annuity through an IRA), there may be annual contribution limits dictated by applicable law. Please see “Tax Considerations” for additional information on these contribution limits.

Additional Purchase Payments may also be limited if the total Purchase Payments under this Annuity and other annuities equals or exceeds $1,000,000, as described in detail in “Initial Purchase Payment,” above.

PURCHASE CREDITS UNDER THE X SERIES

As detailed below, we apply a “Purchase Credit” to your Annuity’s Account Value with respect to certain Purchase Payments you make under the X Series Annuity. The Purchase Credit is equal to a percentage of each Purchase Payment. To determine the amount of the Purchase Credit, we multiply the amount of the Purchase Payment by the applicable Purchase Credit percentage.

With respect to Purchase Payments (of any amount) received during Annuity Years 1 through 4, the credit percentage will equal 6%, so long as the oldest Owner (or Annuitant, if entity-owned) of the Annuity is younger than 82 at the time the Purchase Payment is made. If the oldest Owner (or Annuitant, if entity-owned) is aged 82-85 at the time the Purchase Payment (of any amount) is made, the credit percentage will equal 3% during Annuity Years 1-4. With respect to Purchase Payments received on the fourth anniversary of the Issue Date and thereafter, regardless of the Owner or Annuitant’s age, the credit percentage will be 0%.

Each Purchase Credit is allocated to your Account Value at the time the Purchase Payment is applied to your Account Value. The amount of the Purchase Credit is allocated to the Investment Options in the same ratio as the applicable Purchase Payment is applied.

We do not consider the Purchase Credit as an “investment in the contract” for income tax purposes.

Example of Applying the Purchase Credit

Assume you are 65 years old and you make an initial Purchase Payment of $450,000. We would apply a 6.0% Purchase Credit to your Purchase Payment and allocate the amount of the Purchase Credit ($27,000 = $450,000 × .06) to your Account Value in the proportion that your Purchase Payment is allocated.

Recapture of Purchase Credits

The amount of any Purchase Credit applied to your X Series Account Value can be recaptured by Pruco Life of New Jersey under certain circumstances. Namely:


▪	if you Free Look your Annuity, the amount returned to you will not include the amount of any Purchase Credit.


▪	if you exercise the Medically-Related Surrender feature of this Annuity, we will recapture any Purchase Credit that was granted during the 12 months preceding the date your request for such a surrender was received by us in Good Order.

The amount we recapture will equal the Purchase Credit, without adjustment up or down for investment performance. Therefore, any gain on the Purchase Credit amount will not be recaptured. But if there was a loss on the Purchase Credit, the amount we recapture will still equal the amount of the Purchase Credit.

DESIGNATION OF OWNER, ANNUITANT AND BENEFICIARY

Owner, Annuitant and Beneficiary Designations: We will ask you to name the Owner(s), Annuitant and one or more Beneficiaries for your Annuity.

▪

Owner: Each Owner holds all rights under the Annuity. You may name up to two Owners in which case all ownership rights are held jointly. Generally, joint Owners are required to act jointly; however, if each Owner provides us with an instruction that we find acceptable, we will permit each Owner to act independently on behalf of both Owners. All information and documents that we are required to send you will be sent to the first named Owner. Co-ownership by entity owners or an entity owner and an individual is not permitted. Refer to the Glossary of Terms for a complete description of the term “Owner.” Prior to Annuitization, there is no right of survivorship (other than any spousal continuance right that may be available to a surviving spouse).

▪

Annuitant: The Annuitant is the person upon whose life we make annuity payments. You must name an Annuitant who is a natural person. We do not accept a designation of joint Annuitants during the Accumulation Period. In limited circumstances and where allowed by law, we may allow you to name one or more “Contingent Annuitants” with our prior approval. Generally, a Contingent Annuitant will become the Annuitant if the Annuitant dies before the Annuity Date. Please refer to the discussion of “Considerations for Contingent Annuitants” in the Tax Considerations section of the prospectus. For Beneficiary Annuities, instead of an Annuitant there is a “Key Life” which is used to determine the annual required distributions.

Beneficiary: The Beneficiary is the person(s) or entity you name to receive the Death Benefit. Your Beneficiary designation should be the exact name of your Beneficiary, not only a reference to the Beneficiary’s relationship to you. If you use a class designation in lieu of designating individuals (e.g. “surviving children”), we will pay the class of Beneficiaries as determined at the time of your death and not the class of Beneficiaries that existed at the time the designation was made. If no Beneficiary is named, the Death Benefit will be paid to you or your estate. For Annuities that designate a custodian or a plan as Owner, the custodian or plan must also be designated as the Beneficiary. For Beneficiary Annuities, instead of a Beneficiary, the term “Successor” is used. If an Annuity is co-owned by spouses, we do not offer Joint Tenants with Rights of Survivorship (JTWROS). Both owners would need to be listed as the primary beneficiaries for the surviving spouse to maintain the contract unless you elect an alternative Beneficiary designation.

Your right to make certain designations may be limited if your Annuity is to be used as an IRA, Beneficiary Annuity or other “qualified” investment that is given beneficial tax treatment under the Code. You should seek competent tax advice on the income, estate and gift tax implications of your designations.

“Beneficiary” Annuity

You may purchase an Annuity if you are a Beneficiary of an account that was owned by a decedent, subject to the following requirements. You may transfer the proceeds of the decedent’s account into one of the Annuities described in this prospectus and receive distributions that are required by the tax laws. This transfer option is not available if the proceeds are being transferred from an annuity issued by us or one of our affiliates and the annuity offers a “Beneficiary Continuation Option”.

Upon purchase, the Annuity will be issued in the name of the decedent for your benefit. You must take required distributions at least annually, which we will calculate based on the applicable life expectancy in the year of the decedent’s death, using Table 1 in IRS Publication 590-B. We do not assess a CDSC (if applicable) on distributions from your Annuity if you are required by law to take such distributions from your Annuity at the time it is taken, provided the amount withdrawn is the amount we calculate and is paid out through a program of Systematic Withdrawals that we make available.

For IRAs and Roth IRAs, distributions must begin by December 31^st of the year following the year of the decedent’s death. If you are the surviving spouse Beneficiary, distributions may be deferred until the decedent would have attained age 70¹/₂. However, if you choose to defer distributions, you are responsible for complying with the distribution requirements under the Code, and you must notify us when you would like distributions to begin. For additional information regarding the tax considerations applicable to Beneficiaries of an IRA or Roth IRA, see “Required Distributions Upon Your Death for Qualified Annuity Contracts” in “Tax Considerations”.

For nonqualified Annuities, distributions must begin within one year of the decedent’s death. For additional information regarding the tax considerations applicable to Beneficiaries of a non-qualified Annuity see “Required Distributions Upon Your Death for Nonqualified Annuity Contracts” in “Tax Considerations”.

You may take withdrawals in excess of your required distributions, however such withdrawals may be subject to the Contingent Deferred Sales Charge. Any withdrawals you take count toward the required distribution for the year. All applicable charges will be assessed against your Annuity, such as the Insurance Charge and the Annual Maintenance Fee.

The Annuity provides a basic Death Benefit upon death, and you may name “successors” who may either receive the Death Benefit as a lump sum or continue receiving distributions after your death under the Beneficiary Continuation Option.

Please note the following additional limitations for a Beneficiary Annuity:


▪	No additional Purchase Payments are permitted. You may only make a one-time initial Purchase Payment transferred to us directly from another annuity or eligible account. You may not make your Purchase Payment as an indirect rollover, or combine multiple assets or death benefits into a single contract as part of this Beneficiary Annuity.


▪	You may not elect any optional living or death benefits.


▪	You may not annuitize the Annuity; no annuity options are available.


▪	You may participate only in the following programs: Auto Rebalancing, Dollar Cost Averaging, or Systematic Withdrawals.


▪	You may not assign or change ownership of the Annuity, and you may not change or designate another life upon which distributions are based. A Beneficiary Annuity may not be co-owned.

▪

If the Annuity is funded by means of transfer from another Beneficiary Annuity with another company, we require that the sending company or the beneficial Owner provide certain information in order to ensure that applicable required distributions have been made prior to the transfer of the contract proceeds to us. We further require appropriate information to enable us to accurately determine future distributions from the Annuity. Please note we are unable to accept a transfer of another Beneficiary Annuity where taxes are calculated based on an exclusion amount or an exclusion ratio of earnings to original investment. We are also unable to accept a transfer of an annuity that has annuitized.

▪

The beneficial Owner of the Annuity can be an individual, grantor trust, or, for an IRA or Roth IRA, an estate or a qualified trust. In general, a qualified trust (1) must be valid under state law; (2) must be irrevocable or become irrevocable by its terms upon the death of the IRA or Roth IRA Owner; and (3) the Beneficiaries of the trust who are Beneficiaries with respect to the trust’s interest in this Annuity must be identifiable from the trust instrument and must be individuals. A qualified trust may be required to provide us with a list of all Beneficiaries to the trust (including contingent and remainder Beneficiaries with a description of the conditions on their entitlement), all of whom must be individuals, as of September 30^th of the year following the year of death of the IRA or Roth IRA Owner, or date of Annuity application if later. The trustee may also be required to provide a copy of the trust document upon request. If the beneficial Owner of the Annuity is a grantor trust, distributions must be based on the life expectancy of the grantor who is named as the Annuitant. If the beneficial Owner of the Annuity is a qualified trust, distributions must be based on the life expectancy of the oldest Beneficiary under the trust.


▪	If this Beneficiary Annuity is transferred to another company as a tax-free exchange with the intention of qualifying as a Beneficiary annuity with the receiving company, we may require certifications from the receiving company that required distributions will be made as required by law.


▪	If you are transferring proceeds as Beneficiary of an annuity that is owned by a decedent, we must receive your transfer request at least 45 days prior to your first or next required distribution. If, for any reason, your transfer request impedes our ability to complete your required distribution by the required date, we will be unable to accept your transfer request.

RIGHT TO CANCEL

You may cancel (or “Free Look”) your Annuity for a refund by notifying us in Good Order or by returning the Annuity to our Service Office or to the representative who sold it to you within 10 days after you receive it. The Annuity can be mailed or delivered either to us, at our Service Office, or to the representative who sold it to you. Return of this Annuity by mail is effective on being postmarked, properly addressed and postage prepaid. Subject to applicable law, the amount of the refund will equal the Account Value as of the Valuation Date we receive the returned Annuity at our Service Office or the cancellation request in Good Order, plus any fees deducted from the Purchase Payment upon allocation to the Annuity or imposed under the Annuity less any applicable federal income tax withholding. Under the X Series, we will recapture any Purchase Credits upon your exercise of this Free Look right. Please note that if you purchased the Annuity as a replacement for another Annuity, your Free Look period is 60 days.

SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT

You can make additional Purchase Payments to your Annuity by authorizing us to deduct money directly from your bank account and applying it to your Annuity, unless the Annuity is held as a Beneficiary Annuity. Investment restrictions will apply if you elect optional benefits. No additional Purchase Payments are permitted if you have elected the Beneficiary Annuity. We may suspend or cancel electronic funds transfer privileges if sufficient funds are not available from the applicable financial institution on any date that a transaction is scheduled to occur. We may also suspend or cancel electronic funds transfer privileges if we have limited, restricted, suspended or terminated the ability of Owners to submit additional Purchase Payments.

SALARY REDUCTION PROGRAMS

These types of programs are only available with certain types of qualified investments. If your employer sponsors such a program, we may agree to accept periodic Purchase Payments through a salary reduction program as long as the allocations are made only to Sub-accounts and the periodic Purchase Payments received in the first year total at least the minimum Purchase Payment set forth above.

MANAGING YOUR ANNUITY

CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS

In general, you may change the Owner, Annuitant and Beneficiary designations by sending us a request in Good Order. However, if the Annuity is held as a Beneficiary Annuity, the Owner may not be changed and you may not designate another Key Life upon which distributions are based. As of the Valuation Day we receive an ownership change, including an assignment, any automated investment or withdrawal programs will be canceled. The new Owner must submit the applicable program enrollment if they wish to participate in such a program. Where allowed by law, such changes will be subject to our acceptance. Some of the changes we will not accept include, but are not limited to:


▪	a new Owner subsequent to the death of the Owner or the first of any co-Owners to die, except where a spouse-Beneficiary has become the Owner as a result of an Owner’s death;


▪	a new Annuitant subsequent to the Annuity Date if the annuity option includes a life contingency;


▪	a new Annuitant prior to the Annuity Date if the Owner is an entity;


▪	a new Owner such that the new Owner is older than the age for which we would then issue the Annuity as of the effective date of such change, unless the change of Owner is the result of spousal continuation;


▪	any permissible designation change if the change request is received at our Service Office after the Annuity Date;


▪	a new Owner or Annuitant that is a certain ownership type, including but not limited to corporations, partnerships, endowments, or grantor trusts with more than two grantors; and


▪	a new Annuitant for an Annuity issued to a grantor trust where the new Annuitant is not the oldest grantor of the trust.

To the extent permitted under law, you may change the Owner, Annuitant, and Beneficiary designations as indicated above, and also may assign the Annuity. We will allow changes of ownership and/or assignments only if the Annuity is held exclusively for the benefit of the Annuitant or Contingent Annuitant. We accept assignments of non-qualified Annuities only.

We reserve the right to reject any proposed change of Owner, Annuitant, or Beneficiary, as well as any proposed assignment of the Annuity.

We will reject a proposed change where the proposed Owner, Annuitant, Beneficiary or assignee is any of the following:


▪	a company(ies) that issues or manages viatical or structured settlements;


▪	an institutional investment company;


▪	an Owner with no insurable relationship to the Annuitant or Contingent Annuitant (a “Stranger-Owned Annuity” or “STOA”); or


▪	a change in designation(s) that does not comply with or that we cannot administer in compliance with Federal and/or state law.

We will implement this right on a non-discriminatory basis and to the extent allowed by state law, but are not obligated to process your request within any particular time frame. There are restrictions on designation changes when you have elected certain optional benefits.

A change of Owner, Annuitant or Beneficiary will take effect on the date the notice of change is signed. Any change we accept is subject to any transactions processed by us before we receive the notice of change.

Death Benefit Suspension Upon Change of Owner or Annuitant. If there is a change of Owner or Annuitant, the change may affect the amount of the Death Benefit. See the Death Benefits section later in this prospectus for additional details.

Spousal Designations

If an Annuity is co-owned by spouses, we do not offer Joint Tenants with Rights of Survivorship (JTWROS). Both owners would need to be listed as the primary beneficiaries for the surviving spouse to maintain the contract unless you designate a different Beneficiary. Note that we will not split an Annuity due to divorce. Any such division will be treated as a withdrawal and the non-owner spouse may then decide whether he or she would like to use the withdrawn funds to purchase a new Annuity that is then available to new contract owners. Note that any division of your Annuity due to divorce will be treated as a withdrawal and CDSC may apply. If CDSC is applicable, it cannot be divided between the owner and the non-owner ex-spouses. The non-owner ex-spouse may decide whether he or she would like to use the withdrawn funds to purchase a new Annuity that is then available to new contract owners. Please consult with your tax advisor regarding your personal situation if you will be transferring or dividing your Annuity pursuant to a divorce.

Prior to a 2013 Supreme Court decision, and consistent with Section 3 of the federal Defense of Marriage Act (“DOMA”), same sex marriages under state law were not recognized as same sex marriages for purposes of federal law. However, in United States v. Windsor, the U.S. Supreme Court struck down Section 3 of DOMA as unconstitutional, thereby recognizing a valid same sex marriage for federal law purposes. On June 26, 2015, the Supreme Court ruled in Obergefell v. Hodges that same-sex couples have a constitutional right to marry, thus requiring all states to allow same-sex marriage. The Windsor and Obergefell decisions mean that the federal and state tax law provisions applicable to an opposite sex spouse will also apply to a same sex spouse. Please note that a civil union or registered domestic partnership is generally not recognized as a marriage.

Please consult with your tax or legal adviser before electing the Spousal Benefit for a civil union partner or domestic partner.

Contingent Annuitant

Generally, if an Annuity is owned by an entity and the entity has named a Contingent Annuitant, the Contingent Annuitant will become the Annuitant upon the death of the Annuitant, and no Death Benefit is payable. Unless we agree otherwise, the Annuity is only eligible to have a Contingent Annuitant designation if the entity which owns the Annuity is (1) a plan described in Code Section 72(s)(5)(A)(i) (or any successor Code section thereto); (2) an entity described in Code Section 72(u)(1) (or any successor Code section thereto); or (3) a Custodial Account established to hold retirement assets for the benefit of the natural person Annuitant pursuant to the provisions of Section 408(a) of the Code (or any successor Code section thereto) (“Custodial Account”).

Where the Annuity is held by a Custodial Account, the Contingent Annuitant will not automatically become the Annuitant upon the death of the Annuitant. Upon the death of the Annuitant, the Custodial Account will have the choice, subject to our rules, to either elect to receive the Death Benefit or elect to continue the Annuity. See “Spousal Continuation of Annuity” in “Death Benefits” for more information about how the Annuity can be continued by a Custodial Account, including the amount of the Death Benefit.

MANAGING YOUR ACCOUNT VALUE

There are several programs we administer to help you manage your Account Value. We describe our current programs in this section.

DOLLAR COST AVERAGING PROGRAM

We offer a Dollar Cost Averaging Program during the Accumulation Period. In general, Dollar Cost Averaging allows you to systematically transfer an amount periodically from one Sub-account to one or more other Sub-accounts. You can choose to transfer earnings only, principal plus earnings or a flat dollar amount. You may elect a Dollar Cost Averaging program that transfers amounts monthly, quarterly, semi-annually, or annually from Sub-accounts (if you make no selection, we will effect transfers on a monthly basis).

There is no guarantee that Dollar Cost Averaging will result in a profit or protect against a loss in a declining Sub-account.

AUTOMATIC REBALANCING PROGRAMS

During the Accumulation Period, we offer Automatic Rebalancing among the Sub-accounts you choose. The “Accumulation Period” refers to the period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date. You can choose to have your Account Value rebalanced monthly, quarterly, semi-annually, or annually. On the appropriate date, the Sub-accounts you chose are rebalanced to the allocation percentages you requested. With Automatic Rebalancing, we transfer the appropriate amount from the “overweighted” Sub-accounts to the “underweighted” Sub-accounts to return your allocations to the percentages you request. For example, over time the performance of the Sub-accounts will differ, causing your percentage allocations to shift. You may make additional transfers; however, the Automatic Rebalancing program will not reflect such transfers unless we receive instructions from you indicating that you would like to adjust the Automatic Rebalancing program. There is no minimum Account Value required to enroll in Automatic Rebalancing. All rebalancing transfers as part of an Automatic Rebalancing program are not included when counting the number of transfers each year toward the maximum number of free transfers. We do not deduct a charge for participating in an Automatic Rebalancing program. Participation in the Automatic Rebalancing program may be restricted if you are enrolled in certain other optional programs. Sub-accounts that are part of a systematic withdrawal program or Dollar Cost Averaging program will be excluded from an Automatic Rebalancing program.

If you are participating in an optional living benefit (such as Highest Daily Lifetime Income v2.1) that makes transfers under a pre-determined mathematical formula, and you have elected Automatic Rebalancing, you should be aware that: (a) the AST bond portfolio used as part of the pre-determined mathematical formula will not be included as part of Automatic Rebalancing and (b) the operation of the formula may result in the rebalancing not conforming to the percentage allocations that you specified originally as part of your Automatic Rebalancing program.

FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS

Unless you direct us otherwise, your financial professional may forward instructions regarding the allocation of your Account Value, and request financial transactions involving Investment Options. If your financial professional has this authority, we deem that all such transactions that are directed by your financial professional with respect to your Annuity have been authorized by you. You will receive a confirmation of any financial transaction involving the purchase or sale of Units of your Annuity. You must contact us immediately if and when you revoke such authority. We will not be responsible for acting on instructions from your financial professional until we receive notification of the revocation of such person’s authority. We may also suspend, cancel or limit these authorizations at any time. In addition, we may restrict the Investment Options available for transfers or allocation of Purchase Payments by such financial professional. We will notify you and your financial professional if we implement any such restrictions or prohibitions.

Please Note: Contracts managed by your financial professional also are subject to the restrictions on transfers between Investment Options that are discussed in the section below entitled “Restrictions On Transfers Between Investment Options”. We may also require that your financial professional transmit all financial transactions using the electronic trading functionality available through our Internet website (www.prudentialannuities.com). Limitations that we may impose on your financial professional under the terms of an administrative agreement (e.g., a custodial agreement) do not apply to financial transactions requested by an Owner on their own behalf, except as otherwise described in this prospectus.

RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS

During the Accumulation Period you may transfer Account Value between Investment Options subject to the restrictions outlined below. Transfers are not subject to taxation on any gain. We do not currently require a minimum amount in each Sub-account you allocate Account Value to at the time of any allocation or transfer. Although we do not currently impose a minimum transfer amount, we reserve the right to require that any transfer be at least $50.

Transfers under this Annuity consist of those you initiate or those made under a systematic program, such as the dollar cost averaging program, an asset rebalancing program, or pursuant to a mathematical formula required as part of an optional benefit (e.g., Highest Daily Lifetime Income). The transfer restrictions discussed in this section apply only to transfers that you initiate, not any transfers under a program or the predetermined mathematical formula.

Once you have made 20 transfers among the Sub-accounts during an Annuity Year, we will accept any additional transfer request during that year only if the request is submitted to us in writing with an original signature and otherwise is in Good Order. For purposes of this 20 transfer limit, we (i) do not view a facsimile transmission or other electronic transmission as a “writing”, (ii) will treat multiple transfer requests submitted on the same

Valuation Day as a single transfer, and (iii) do not count any transfer that solely involve the Sub-account corresponding to the AST Government Money Market Sub-account, or any transfer that involves one of our systematic programs, such as automated withdrawals.

Frequent transfers among Sub-accounts in response to short-term fluctuations in markets, sometimes called “market timing,” can make it very difficult for a Portfolio manager to manage a Portfolio’s investments. Frequent transfers may cause the Portfolio to hold more cash than otherwise necessary, disrupt management strategies, increase transaction costs, or affect performance. In light of the risks posed to Owners and other investors by frequent transfers, we reserve the right to limit the number of transfers in any Annuity Year for all existing or new Owners and to take the other actions discussed below. We also reserve the right to limit the number of transfers in any Annuity Year or to refuse any transfer request for an Owner or certain Owners if: (a) we believe that excessive transfer activity (as we define it) or a specific transfer request or group of transfer requests may have a detrimental effect on Unit Values or the share prices of the Portfolios; or (b) we are informed by a Portfolio (e.g., by its Portfolio manager) that the purchase or redemption of shares in the Portfolio must be restricted because the Portfolio believes the transfer activity to which such purchase and redemption relates would have a detrimental effect on the share prices of the affected Portfolio. Without limiting the above, the most likely scenario where either of the above could occur would be if the aggregate amount of a trade or trades represented a relatively large proportion of the total assets of a particular Portfolio. In furtherance of our general authority to restrict transfers as described above, and without limiting other actions we may take in the future, we have adopted the following specific restrictions:

▪

With respect to each Sub-account (other than the AST Government Money Market Sub-account), we track amounts exceeding a certain dollar threshold that were transferred into the Sub-account. If you transfer such amount into a particular Sub-account, and within 30 calendar days thereafter transfer (the “Transfer Out”) all or a portion of that amount into another Sub-account, then upon the Transfer Out, the former Sub-account becomes restricted (the “Restricted Sub-account”). Specifically, we will not permit subsequent transfers into the Restricted Sub-account for 90 calendar days after the Transfer Out if the Restricted Sub-account invests in a non-international Portfolio, or 180 calendar days after the Transfer Out if the Restricted Sub-account invests in an international Portfolio. For purposes of this rule, we (i) do not count transfers made in connection with one of our systematic programs, such as auto rebalancing or under a pre-determined mathematical formula used with an optional living benefit; and (ii) do not categorize as a transfer the first transfer that you make after the Issue Date, if you make that transfer within 30 calendar days after the Issue Date. Even if an amount becomes restricted under the foregoing rules, you are still free to redeem the amount from your Annuity at any time.


▪	We reserve the right to effect transfers on a delayed basis for all Annuities. That is, we may price a transfer involving the Sub-accounts on the Valuation Day subsequent to the Valuation Day on which the transfer request was received. Before implementing such a practice, we would issue a separate written notice to Owners that explains the practice in detail.

If we deny one or more transfer requests under the foregoing rules, we will inform you or your financial professional promptly of the circumstances concerning the denial.

There are owners of different variable annuity contracts that are funded through the same Separate Account that may not be subject to the above-referenced transfer restrictions and, therefore, might make more numerous and frequent transfers than Annuity Owners who are subject to such limitations. Finally, there are owners of other variable annuity contracts or variable life contracts that are issued by Pruco Life of New Jersey as well as other insurance companies that have the same underlying mutual fund portfolios available to them. Since some contract owners are not subject to the same transfer restrictions, unfavorable consequences associated with such frequent trading within the underlying Portfolio (e.g., greater portfolio turnover, higher transaction costs, or performance or tax issues) may affect all contract owners. Similarly, while contracts managed by a financial professional are subject to the restrictions on transfers between Investment Options that are discussed above, if the financial professional manages a number of contracts in the same fashion unfavorable consequences may be associated with management activity since it may involve the movement of a substantial portion of an underlying Portfolio’s assets which may affect all contract owners invested in the affected options. Apart from jurisdiction-specific and contract differences in transfer restrictions, we will apply these rules uniformly (including contracts managed by an financial professional) and will not waive a transfer restriction for any Owner.

Although our transfer restrictions are designed to prevent excessive transfers, they are not capable of preventing every potential occurrence of excessive transfer activity. The Portfolios have adopted their own policies and procedures with respect to excessive trading of their respective shares, and we reserve the right to enforce any such current or future policies and procedures. The prospectuses for the Portfolios describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Under SEC rules, we are required to: (1) enter into a written agreement with each Portfolio or its principal underwriter or its transfer agent that obligates us to provide to the Portfolio promptly upon request certain information about the trading activity of individual contract Owners (including an Annuity Owner’s TIN number), and (2) execute instructions from the Portfolio to restrict or prohibit further purchases or transfers by specific owners who violate the excessive trading policies established by the Portfolio. In addition, you should be aware that some Portfolios may receive “omnibus” purchase and redemption orders from other insurance companies or intermediaries such as retirement plans. The omnibus orders reflect the aggregation and netting of multiple orders from individual owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Portfolios in their ability to apply their excessive trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Portfolios (and thus Annuity owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Portfolios.

A Portfolio also may assess a short-term trading fee (also referred to as “redemption fee”) in connection with a transfer out of the Sub-account investing in that Portfolio that occurs within a certain number of days following the date of allocation to the Sub-account. Each Portfolio determines

the amount of the short-term trading fee and when the fee is imposed. The fee is retained by or paid to the Portfolio and is not retained by us. The fee will be deducted from your Account Value, to the extent allowed by law. At present, no Portfolio has adopted a short-term trading fee.

ACCESS TO ACCOUNT VALUE

TYPES OF DISTRIBUTIONS AVAILABLE TO YOU

During the Accumulation Period you can access your Account Value through partial withdrawals, Systematic Withdrawals, and where required for tax purposes, Required Minimum Distributions. You can also surrender your Annuity at any time. Depending on your instructions, we may deduct a portion of the Account Value being withdrawn or surrendered as a CDSC, if applicable. If you surrender your Annuity, in addition to any CDSC, we may deduct the Annual Maintenance Fee, any Tax Charge that applies and the charge for any optional benefits. Certain amounts may be available to you each Annuity Year that are not subject to a CDSC. These are called “Free Withdrawals.” Unless you notify us differently as permitted, partial withdrawals are taken pro rata (i.e. “pro rata” meaning that the percentage of each Investment Option withdrawn is the same percentage that the Investment Option bears to the total Account Value). Each of these types of distributions is described more fully below.

If you have an optional living benefit, and you take a withdrawal deemed to be Excess Income that brings your Account Value to zero, both the benefit and the Annuity itself will terminate. See “Living Benefits” later in this prospectus for more information.

TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NONQUALIFIED ANNUITIES

Prior to Annuitization

For federal income tax purposes, a distribution prior to Annuitization is deemed to come first from any “gain” in your Annuity and second as a return of your “cost basis”, if any. Distributions from your Annuity are generally subject to ordinary income taxation on the amount of any investment gain unless the distribution qualifies as a non-taxable exchange or transfer. If you take a distribution prior to the taxpayer’s age 59¹/₂, you may be subject to a 10% penalty in addition to ordinary income taxes on any gain. You may wish to consult a professional tax adviser for advice before requesting a distribution.

During the Annuitization Period

During the Annuitization period, a portion of each annuity payment is taxed as ordinary income at the tax rate you are subject to at the time of the payment. The Code and regulations have “exclusionary rules” that we use to determine what portion of each annuity payment should be treated as a return of any cost basis you have in your Annuity. Once the cost basis in your Annuity has been distributed, the remaining annuity payments are taxable as ordinary income. The cost basis in your Annuity may be based on the cost basis from a prior contract in the case of a 1035 exchange or other qualifying transfer.

There may also be tax implications on distributions from qualified Annuities. See “Tax Considerations” for information about qualified Annuities and for additional information about nonqualified Annuities.

FREE WITHDRAWAL AMOUNTS

You can make a full or partial withdrawal from any of the Annuities during the Accumulation Period, although a CDSC, and tax consequences may apply. There is no CDSC with respect to the C Series. A CDSC may apply to the X Series, B Series, and L Series, but each Annuity offers a “Free Withdrawal” amount that applies only to partial withdrawals. The Free Withdrawal amount is the amount that can be withdrawn from your Annuity each Annuity Year without the application of any CDSC. The Free Withdrawal amount during each Annuity Year is equal to 10% of all Purchase Payments (excluding Purchase Credits) that are currently subject to a CDSC. Withdrawals made within an Annuity Year reduce the Free Withdrawal amount available for the remainder of the Annuity Year. If you do not make a withdrawal during an Annuity Year, you are not allowed to carry over the Free Withdrawal amount to the next Annuity Year. With respect to the C Series, because any withdrawal is free of a CDSC, the concept of “Free Withdrawal” is not applicable.


▪	The Free Withdrawal amount is not available if you choose to surrender your Annuity. Amounts withdrawn as a Free Withdrawal do not reduce the amount of CDSC that may apply upon a subsequent withdrawal or surrender of your Annuity.


▪	You can also make partial withdrawals in excess of the Free Withdrawal amount. The minimum partial withdrawal you may request is $100.

Example. This example assumes that no withdrawals have previously been taken.

On January 3, to purchase your B Series Annuity, you make an initial Purchase Payment of $20,000.

On January 3 of the following year, you make a subsequent Purchase Payment to your B Series Annuity of $10,000.


▪	Because in Annuity Year 1 your initial Purchase Payment of $20,000 is still within the CDSC schedule (see “Annuity Owner Transaction Expenses”), your Free Withdrawal amount in Annuity Year 1 equals $20,000 × 0.10, or $2,000.


▪	Because in Annuity Year 2 both your initial Purchase Payment of $20,000 and your subsequent Purchase Payment of $10,000 are still within the CDSC schedule (see “Annuity Owner Transaction Expenses”), your Free Withdrawal amount in Annuity Year 2 equals $20,000 × 0.10, plus $10,000 × 0.10, or $2,000 + $1,000 for a total of $3,000.

To determine if a CDSC applies to partial withdrawals, we first determine if you have previously withdrawn all Purchase Payments. If so, no CDSC applies. If you have not previously withdrawn all Purchase Payments, we:


1.	First determine what, if any, amounts qualify as a Free Withdrawal. These amounts are not subject to the CDSC.


2.	Next determine what, if any, remaining amounts are in excess of the Free Withdrawal amount. These amounts will be treated as withdrawals of Purchase Payments, as described in “Fees, Charges and Deductions – Contingent Deferred Sales Charge (“CDSC”)” earlier in this prospectus. These amounts may be subject to the CDSC. Purchase Payments are withdrawn on a first-in, first-out basis.


3.	Withdraw any remaining amounts from any other Account Value (including gains).

Your withdrawal will include the amount of any applicable CDSC. Generally, you can request a partial withdrawal as either a “gross” or “net” withdrawal. In a “gross” withdrawal, you request a specific withdrawal amount, with the understanding that the amount you actually receive is reduced by any applicable CDSC or tax withholding. Therefore, you may receive less than the dollar amount you specify. In a “net” withdrawal, you request a withdrawal for an exact dollar amount, with the understanding that any applicable deduction for CDSC or tax withholding is taken from your remaining Account Value. Therefore, a larger amount may be deducted from your Account Value than the amount you specify. We will deduct the partial withdrawal from your Account Value in accordance with your instructions, although if you are participating in an optional living benefit, your withdrawal must be taken pro rata from each of your Investment Options. If you do not provide instruction on how you want the withdrawal processed, we will process the withdrawal as a gross withdrawal.

Please be aware that although a given partial withdrawal may qualify as a free withdrawal for purposes of avoiding a CDSC, the amount of the withdrawal could exceed the Annual Income Amount under one of the Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income or Highest Daily Lifetime 6 Plus Suite of benefits. In that scenario, the partial withdrawal would be deemed “Excess Income” – thereby reducing your Annual Income Amount for future years. For example, if the Annual Income Amount under Highest Daily Lifetime Income v2.1 were $2,000 and a $2,500 withdrawal that qualified as a free withdrawal were made, the withdrawal would be deemed Excess Income, in the amount of $500.

SYSTEMATIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD

Our systematic withdrawal program is an administrative program designed for you to withdraw a specified amount from your Annuity on an automated basis at the frequency you select. This program is available to you at no additional charge. We may cease offering this program or change the administrative rules related to the program at any time on a non-discriminatory basis.

You may not have a systematic withdrawal program, as described in this section, if you are receiving substantially equal periodic payments under Sections 72(t) and 72(q) of the Code or Required Minimum Distributions.

You may terminate your systematic withdrawal program at any time. Ownership changes to, and assignment of, your Annuity will terminate any systematic withdrawal program on the Annuity as of the effective date of the change or assignment. Requesting partial withdrawals while you have a systematic withdrawal program may also terminate your systematic withdrawal program as described below.

Systematic Withdrawals can be made from your Account Value allocated to the Sub-accounts. Please note that Systematic Withdrawals may be subject to any applicable CDSC. We will determine whether a CDSC applies and the amount in the same way as we would for a partial withdrawal.

The minimum amount for each systematic withdrawal is $100. If any scheduled systematic withdrawal is for less than $100 (which may occur under a program that provides payment of an amount equal to the earnings in your Annuity for the period requested), we may postpone the withdrawal and add the expected amount to the amount that is to be withdrawn on the next scheduled systematic withdrawal.

If you have not elected an optional living benefit, we will withdraw Systematic Withdrawals from the Investment Options you have designated (your “designated Investment Options”). If you do not designate Investment Options for Systematic Withdrawals, we will withdraw Systematic Withdrawals pro rata based on the Account Value in the Investment Options at the time we pay out your withdrawal. “Pro rata” means that the percentage of each Investment Option withdrawn is the same percentage that the Investment Option bears to the total Account Value. For any scheduled systematic withdrawal for which you have elected a specific dollar amount and have specified percentages to be withdrawn from your designated Investment Options, if the amounts in your designated Investment Options cannot satisfy such instructions, we will withdraw Systematic Withdrawals pro rata (as described above) based on the Account Value across all of your Investment Options.

If you have certain optional living benefits that guarantee Lifetime Withdrawals (e.g., Highest Daily Lifetime Income v2.1) and elect, or have elected, to receive Lifetime Withdrawals using our systematic withdrawal program, please be advised of the current administrative rules associated with this program:


▪	Systematic Withdrawals must be taken from your Account Value on a pro rata basis from the Investment Options at the time we process each withdrawal.


▪	If you either have an existing or establish a new systematic withdrawal program for an amount less than, or equal to, your Annual Income Amount and we receive a request for a partial withdrawal from your Annuity in Good Order, we will process your partial withdrawal request and may cancel your systematic withdrawal program.

▪

If you either have or establish a new systematic withdrawal program for an amount greater than your Annual Income Amount, it is important to note that these Systematic Withdrawals may result in Excess Income which will negatively impact your Annual Income Amount available in future Annuity Years. A combination of partial withdrawals and Systematic Withdrawals for an amount greater than your Annual Income Amount will further negatively impact your future Annual Income Amount.


▪	For a discussion of how a withdrawal of Excess Income would impact your optional living benefits, see “Living Benefits” later in this prospectus.


▪	If you are taking your entire Annual Income Amount through the systematic withdrawal program, you must take that withdrawal as a gross withdrawal, not a net withdrawal.

SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE

If your Annuity is used as a funding vehicle for certain retirement plans that receive special tax treatment under Sections 401, 403(b), 408 or 408A of the Code, Section 72(t) of the Code may provide an exception to the 10% penalty tax on distributions made prior to age 59¹/₂ if you elect to receive distributions as a series of “substantially equal periodic payments.” For Annuities issued as nonqualified annuities, the Code may provide a similar exemption from penalty under Section 72(q) of the Code. Systematic Withdrawals under Sections 72(t)/72(q) may be subject to a CDSC (except that no CDSC applies to the C Series). To request a program that complies with Sections 72(t)/72(q), you must provide us with certain required information in writing on a form acceptable to us. We may require advance notice to allow us to calculate the amount of 72(t)/72(q) withdrawals. There is no minimum Surrender Value we require to allow you to begin a program for withdrawals under Sections 72(t)/72(q). The minimum amount for any such withdrawal is $100 and payments may be made monthly, quarterly, semi-annually or annually.

You may also annuitize your Annuity and begin receiving payments for the remainder of your life (or life expectancy) as a means of receiving income payments before age 59¹/₂ that are not subject to the 10% penalty.

Please note that if a withdrawal under 72(t) or 72(q) is scheduled to be effected between the last Valuation Day prior to December 25^th and December 31^st of a given year, then, we will process the withdrawal on the last Valuation Day prior to December 25^th of that year.

REQUIRED MINIMUM DISTRIBUTIONS

Required Minimum Distributions are a type of systematic withdrawal we allow to meet distribution requirements under Sections 401, 403(b) or 408 of the Code. Required Minimum Distribution rules do not apply to Roth IRAs during the Owner’s lifetime. Under the Code, you may be required to begin receiving periodic amounts from your Annuity. In such case, we will allow you to make Systematic Withdrawals in amounts that satisfy the minimum distribution rules under the Code. We do not assess a CDSC (if applicable) on Required Minimum Distributions from your Annuity if you are required by law to take such Required Minimum Distributions from your Annuity at the time it is taken, provided the amount withdrawn is the amount we calculate as the Required Minimum Distribution and is paid out through a program of Systematic Withdrawals that we make available. However, a CDSC (if applicable) may be assessed on that portion of a systematic withdrawal that is taken to satisfy the Required Minimum Distribution rules in relation to other savings or investment plans under other qualified retirement plans.

The amount of the Required Minimum Distribution for your particular situation may depend on other annuities, savings or investments. We will only calculate the amount of your Required Minimum Distribution based on the value of your Annuity. We require three (3) days advance written notice to calculate and process the amount of your payments. You may elect to have Required Minimum Distributions paid out monthly, quarterly, semi-annually or annually. The $100 minimum amount that applies to Systematic Withdrawals applies to monthly Required Minimum Distributions but does not apply to Required Minimum Distributions taken out on a quarterly, semi-annual or annual basis.

You may also annuitize your Annuity and begin receiving payments for the remainder of your life (or life expectancy) as a means of receiving income payments and satisfying the Required Minimum Distribution rules under the Code. Please see “Living Benefits” for further information relating to Required Minimum Distributions if you own a living benefit.

In any year in which the requirement to take Required Minimum Distributions is suspended by law, we reserve the right, in our sole discretion and regardless of any position taken on this issue in a prior year, to treat any amount that would have been considered as a Required Minimum Distribution if not for the suspension as eligible for treatment as described herein.

Please note that if a Required Minimum Distribution is scheduled to be effected between the last Valuation Day prior to December 25^th and December 31^st of a given year, then, we will process the Required Minimum Distribution on the last Valuation Day prior to December 25^th of that year.

See “Tax Considerations” for a further discussion of Required Minimum Distributions. For the impact of Required Minimum Distributions on optional benefits and Excess Income, see “Living Benefits – Highest Daily Lifetime Income v2.1 Benefit – Required Minimum Distributions.”

SURRENDERS

SURRENDER VALUE

During the Accumulation Period you can surrender your Annuity at any time, and you will receive the Surrender Value. Upon surrender of your Annuity, you will no longer have any rights under the surrendered Annuity. Your Surrender Value is equal to the Account Value less any applicable CDSC, any charges assessable as a deduction from the Account Value for any applicable optional benefit charge, and any Annual Maintenance Fee.

We apply as a threshold, in certain circumstances, a minimum Surrender Value of $2,000. If you purchase an Annuity without a lifetime guaranteed minimum withdrawal benefit, we will not allow you to take any withdrawals that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value. Likewise, if you purchase an Annuity with a lifetime guaranteed minimum withdrawal benefit, we will not allow you to take a Non-Lifetime Withdrawal (see “Living Benefits – Non-Lifetime Withdrawal Feature”) that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value. See “Annuity Options” later in this prospectus for information on the impact of the minimum Surrender Value at annuitization.

MEDICALLY-RELATED SURRENDERS

You may request to surrender all or part of your X Series, B Series, or L Series Annuity prior to the Annuity Date without application of any otherwise applicable CDSC upon occurrence of a medically-related “Contingency Event“ as described below (a “Medically-Related Surrender”). The CDSC and this waiver are not applicable to the C Series.

If you request a full surrender, the amount payable will be your Account Value minus the amount of any Purchase Credits applied within 12 months prior to your request in Good Order to surrender your Annuity. With respect to partial surrenders, we similarly reserve the right to recapture Purchase Credits. Although a CDSC will not apply to qualifying Medically-Related Surrenders, please be aware that a withdrawal from the Annuity before you have reached age 59¹/₂ may be subject to a 10% tax penalty and other tax consequences – see “Tax Considerations” later in this prospectus.

This waiver of any applicable CDSC is subject to our rules in place at the time of your request, which currently include but are not limited to the following:


▪	If the Owner is an entity, the Annuitant must have been named or any change of Annuitant must have been accepted by us, prior to the “Contingency Event” described below in order to qualify for a Medically-Related Surrender;


▪	If the Owner is an entity, the Annuitant must be alive as of the date we pay the proceeds of such surrender request;


▪	If the Owner is one or more natural persons, all such Owners must also be alive at such time;


▪	We must receive satisfactory proof of the Owner's (or the Annuitant's if entity-owned) confinement in a Medical Care Facility or Fatal Illness in writing on a form satisfactory to us;


▪	no additional Purchase Payments can be made to the Annuity; and


▪	Proceeds will only be sent by check or electronic fund transfer directly to the Owner.

We reserve the right to impose a maximum amount of a Medically-Related Surrender (equal to $500,000), but we do not currently impose that maximum. That is, if the amount of a partial medically-related withdrawal request, when added to the aggregate amount of Medically-Related Surrenders you have taken previously under this Annuity and any other annuities we and/or our affiliates have issued to you exceeds that maximum amount, we reserve the right to treat the amount exceeding that maximum as not an eligible Medically-Related Surrender. A “Contingency Event” occurs if the Owner (or Annuitant if entity-owned) is:


▪	first confined in a “Medical Care Facility” after the Issue Date and while the Annuity is in force, remains confined for at least 90 consecutive days, and remains confined on the date we receive the Medically-Related Surrender request at our Service Office; or


▪	first diagnosed as having a “Fatal Illness” after the Issue Date and while the Annuity is in force. We may require a second or third opinion by a licensed physician chosen by us regarding a diagnosis of Fatal Illness. We will pay for any such second or third opinion.

“Fatal Illness” means a condition (a) diagnosed by a licensed physician; and (b) that is expected to result in death within 24 months after the diagnosis in 80% of the cases diagnosed with the condition. “Medical Care Facility” means a facility operated and licensed pursuant to the laws of any United States jurisdiction providing medically-necessary in-patient care, which is (a) prescribed by a licensed physician in writing; (b) recognized as a general hospital or long-term care facility by the proper authority of the United States jurisdiction in which it is located; (c) recognized as a general hospital by the Joint Commission on the Accreditation of Hospitals; and (d) certified as a hospital or long-term care facility; OR (e) a nursing home licensed by the United States jurisdiction in which it is located and offers the services of a Registered Nurse (RN) or Licensed Practical Nurse (LPN) 24 hours a day that maintains control of all prescribed medications dispensed and daily medical records.

ANNUITY OPTIONS

Annuitization involves converting your Account Value to an annuity payment stream, the length of which depends on the terms of the applicable annuity option. Thus, once annuity payments begin, your death benefit, if any, is determined solely under the terms of the applicable annuity payment option, and you no longer participate in any optional living benefit (unless you have annuitized under that benefit). We currently make annuity options available that provide fixed annuity payments. Fixed annuity payments provide the same amount with each payment. Please refer to the “Living Benefits” section in this prospectus for a description of annuity options that are available when you elect one of the living benefits. You must annuitize your entire Account Value; partial annuitizations are not allowed.

You have a right to choose your annuity start date, provided that it is no later than the first day of the calendar month next following the 95^th birthday of the oldest of any Owner and Annuitant whichever occurs first (“Latest Annuity Date”) and no earlier than the earliest permissible Annuity Date. If you do not request an earlier Annuity Date in writing, then your Annuity Date will be the Latest Annuity Date. You may choose one of the Annuity Options described below, and the frequency of annuity payments. Certain annuity options and/or periods certain may not be available, depending on the age of the Annuitant. If a CDSC is still remaining on your Annuity, any period certain must be at least 10 years (or the maximum period certain available, if life expectancy is less than 10 years). You may change your choices before the Annuity Date.

If needed, we will require proof in Good Order of the Annuitant’s age before commencing annuity payments. Likewise, we may require proof in Good Order that an Annuitant is still alive, as a condition of our making additional annuity payments while the Annuitant lives. We will seek to recover any life income annuity payments that we made after the death of the Annuitant.

If the initial annuity payment would be less than $100, we will not allow you to annuitize (except as otherwise specified by applicable law). Instead, we will pay you your current Account Value in a lump sum and terminate your Annuity. Similarly, we reserve the right to pay your Account Value in a lump sum, rather than allow you to annuitize, if the Surrender Value of your Annuity is less than $2000 on the Annuity Date.

Once annuity payments begin, you no longer receive benefits under any optional living benefit (unless you have annuitized under that benefit) or the Death Benefits described below.

Certain of these annuity options may be available as “settlement options” to Beneficiaries who choose to receive the Death Benefit proceeds as a series of payments instead of a lump sum payment.

Please note that you may not annuitize within the first Annuity Year.

For Beneficiary Annuities, no annuity payments are available and all references to Annuity Date are not applicable.

Option 1

Annuity Payments for a Period Certain: Under this option, we will make equal payments for the period chosen (the “period certain”), up to 25 years (but not to exceed the life expectancy of the Annuitant at the time the Annuity Option becomes effective, as computed under applicable IRS tables). The annuity payments may be made monthly, quarterly, semiannually, or annually, as you choose, for the fixed period. If the Owner dies during before the end of period certain, payments will continue to any surviving Owner, or if there is no surviving Owner, the named Beneficiary or your estate if no Beneficiary is named for the remainder of the period certain.

Option 2

Life Income Annuity Option with a Period Certain: Under this option, income is payable monthly, quarterly, semiannually, or annually for the number of years selected (the “period certain”), subject to our then current rules, and thereafter until the death of the Annuitant. Should the Owner or Annuitant die before the end of the period certain, the remaining period certain payments are paid to any surviving Owner, or if there is no surviving Owner, the named Beneficiary, or your estate if no Beneficiary is named, until the end of the period certain. If an annuity option is not selected by the Annuity Date, this is the option we will automatically select for you. We will use a period certain of 10 years, or a shorter duration if the Annuitant’s life expectancy at the time the Annuity Option becomes effective, as computed under applicable IRS tables, is less than 10 years. If in this instance the duration of the period certain is prohibited by applicable law, then we will pay you a lump sum in lieu of this option.

Other Annuity Options We May Make Available

At the Annuity Date, we may make available other annuity options not described above. The additional options we currently offer are:

▪

Life Annuity Option. We currently make available an annuity option that makes payments for the life of the Annuitant. Under that option, income is payable monthly, quarterly, semiannually, or annually, as you choose, until the death of the Annuitant. No additional annuity payments are made after the death of the Annuitant. No minimum number of payments is guaranteed. It is possible that only one payment will be payable if the death of the Annuitant occurs before the date the second payment was due, and no other payments nor death benefits would be payable.

▪

Joint Life Annuity Option. Under the joint lives option, income is payable monthly, quarterly, semiannually, or annually, as you choose, during the joint lifetime of two Annuitants, ceasing with the last payment prior to the death of the second Annuitant. No minimum number of payments is guaranteed under this option. It is possible that only one payment will be payable if the death of all the Annuitants occurs before the date the second payment was due, and no other payments or death benefits would be payable.


▪	Joint Life Annuity Option With a Period Certain. Under this option, income is payable monthly, quarterly, semiannually, or annually for the number of years selected (the “period certain”), subject to our current rules, and thereafter during the joint lifetime of two Annuitants, ceasing

with the last payment prior to the death of the second Annuitant. If the Annuitants’ joint life expectancy is less than the period certain, we will institute a shorter period certain, determined according to applicable IRS tables. Should the two Annuitants die before the end of the period certain, the remaining period certain payments are paid to any surviving Owner, or if there is no surviving Owner, the named Beneficiary, or to your estate if no Beneficiary is named, until the end of the period certain.

We reserve the right to cease offering any of these other annuity options. If we do so, we will amend this prospectus to reflect the change. We reserve the right to make available other annuity or settlement options.

LIVING BENEFITS

Pruco Life of New Jersey offers different optional living benefits, for an additional charge, that can provide retirement income protection for Owners while they are alive. Optional benefits are not available if your Annuity is held as a Beneficiary Annuity. Notwithstanding the additional protection provided under the optional living benefits, the additional cost has the impact of reducing net performance of the Investment Options. Each optional benefit offers a distinct type of guarantee, regardless of the performance of the Sub-accounts, that may be appropriate for you depending on the manner in which you intend to make use of your Annuity while you are alive. We reserve the right to cease offering any of these optional living benefits. Depending on which optional living benefit you choose, you can have substantial flexibility to invest in the Sub-accounts while:


▪	protecting a principal amount from decreases in value due to investment performance;


▪	guaranteeing a minimum amount of growth to be used as the basis for lifetime withdrawals; or


▪	providing spousal continuation of certain benefits.



We currently offer the following “living benefits”: - Highest Daily Lifetime Income v2.1 - Spousal Highest Daily Lifetime Income v2.1 - Highest Daily Lifetime Income v2.1 With Highest Annual Death Benefit - Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit	The following “living benefits” are available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm: - Highest Daily Guaranteed Return Option II (HD GRO II) - Guaranteed Return Option Plus II (GRO PLUS II)

We previously offered the following optional living benefits during the periods indicated.



Offered from August 20, 2012 to February 24, 2013: - Highest Daily Lifetime Income 2.0 - Spousal Highest Daily Lifetime Income 2.0 - Highest Daily Lifetime Income 2.0 With Highest Annual Death Benefit - Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit	Offered from January 24, 2011 to August 19, 2012: - Highest Daily Lifetime Income - Spousal Highest Daily Lifetime Income Offered from March 15, 2010 to January 23, 2011: - Highest Daily Lifetime 6 Plus Income - Spousal Highest Daily Lifetime 6 Plus Income

Please see Appendix D for information pertaining to the Highest Daily Lifetime Income 2.0 Suite of benefits; Appendix C for information pertaining to the Highest Daily Lifetime Income Suite of benefits; and Appendix B for information pertaining to the Highest Daily Lifetime 6 Plus Suite of benefits.

Each living benefit requires your participation in a predetermined mathematical formula that may transfer your account value between the Sub-accounts you have chosen from among those we permit with the benefit (i.e., the “Permitted Sub-accounts” – see “Investment Options” for lists of Permitted Sub-accounts available by optional benefit) and certain bond portfolio Sub-accounts of AST. The Highest Daily Lifetime Income v2.1 Suite of benefits, Highest Daily Lifetime Income 2.0 Suite of benefits, Highest Daily Lifetime Income Suite of benefits, and Highest Daily Lifetime 6 Plus Suite of benefits use one predetermined mathematical formula. GRO Plus II and HD GRO II each uses a separate and different predetermined mathematical formula. Under the predetermined mathematical formula used with the Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income and Highest Daily Lifetime 6 Plus Suite of benefits, your Account Value may be transferred between certain “Permitted Sub-accounts” and the AST Investment Grade Bond Sub-account. Under each predetermined mathematical formula used with GRO Plus II and HD GRO II, your Account Value may be transferred between certain “Permitted Sub-accounts” and a Sub-account within a group of bond portfolio Sub-accounts differing with respect to their target maturity date. The formulas differ because of the nature of the underlying guarantees, and thus could result in different transfers of account value over time. Although not guaranteed, the optional living benefit investment requirements and the applicable formula are designed to reduce the difference between your Account Value and our liability under the benefit. Minimizing such difference generally benefits us by decreasing the risk that we will use our own assets to make benefit payments to you. The investment requirements and the formula do not guarantee any reduction in risk or volatility or any increase in Account Value. In fact, the investment requirements could mean that you miss appreciation opportunities in other investment options. The formula could mean that you miss opportunities for investment gains in your selected Sub-accounts while Account Value is allocated to the applicable AST bond portfolio Sub-account, and there is no guarantee that the applicable AST bond portfolio Sub-account will not lose value. We are not providing you with investment advice through the use of any of the formulas. In addition, the formulas do not constitute an investment strategy that we are recommending to you.

Here is a general description of each kind of living benefit that exists under this Annuity:

Lifetime Guaranteed Minimum Withdrawal Benefits. These benefits are designed for someone who wants a guaranteed lifetime income stream through withdrawals over time, rather than by annuitizing. Highest Daily Lifetime Income v2.1 is one example of this type of benefit. Please note that there is a Latest Annuity Date under your Annuity, by which date annuity payments must commence.

Under any of the Guaranteed Lifetime Withdrawal Benefits (e.g., Highest Daily Lifetime Income v2.1, Spousal Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit, and Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit), withdrawals in excess of the Annual Income Amount, called “Excess Income,” will impact the value of the benefit including a permanent reduction in future guaranteed amounts. If you wish to withdraw Excess Income but are uncertain how it will impact your

future guaranteed amounts, you may contact us prior to requesting the withdrawal to obtain a personalized, transaction-specific calculation showing the effect of taking the withdrawal.

Guaranteed Minimum Accumulation Benefits. The common characteristic of these benefits is that your Account Value is guaranteed to be at least a specified amount at some point in the future. Thus, these benefits may be appropriate for an annuity Owner who wants a guaranteed minimum Account Value after a specified number of years. Because the guarantee inherent in the benefit does not take effect until a specified number of years into the future, you should elect such a benefit only if your investment time horizon is of at least that duration. HD GRO II is one example of this type of benefit.

Please refer to the benefit description that follows for a complete description of the terms, conditions and limitations of each optional benefit. See the chart in the “Investment Options” section of the prospectus for a list of Investment Options available and permitted with each benefit. We reserve the right to terminate a benefit if you allocate funds into non-permitted Investment Options. You should consult with your financial professional to determine if any of these optional benefits may be appropriate for you based on your financial needs. As is the case with optional living benefits in general, the fulfillment of our guarantee under these benefits is dependent on our claims paying ability.

Termination of Existing Benefits and Election of New Benefits

If you elect an optional living benefit, you may subsequently terminate the benefit and elect one of the then currently available benefits, subject to availability of the benefit at that time and our then current rules. There is currently no waiting period for such an election (you may elect a new benefit beginning on the next Valuation Day), provided that upon such an election, your Account Value must be allocated to the Investment Options permitted for the optional benefit. We reserve the right to waive, change and/or further limit availability and election frequencies in the future. Check with your financial professional regarding the availability of re-electing or electing a benefit and any waiting period. The benefit you re-elect or elect may not provide the same guarantees and/or may be more expensive than the benefit you are terminating. Note that once you terminate an existing benefit, you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes effective. You should carefully consider whether terminating your existing benefit and electing a new benefit is appropriate for you.

Please consult with your tax or legal adviser before electing the Spousal Benefit for a civil union partner or domestic partner.

HIGHEST DAILY LIFETIME ^® INCOME v2.1 BENEFIT

Highest Daily Lifetime Income v2.1 is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. We reserve the right, in our sole discretion, to cease offering this benefit, for new elections at any time.

We offer a benefit that guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). Highest Daily Lifetime Income v2.1 may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime Income v2.1 is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section below entitled “How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

The income benefit under Highest Daily Lifetime Income v2.1 currently is based on a single “designated life” who is at least 50 years old on the benefit effective date. Highest Daily Lifetime Income v2.1 is not available if you elect any other optional living benefit. As long as your Highest Daily Lifetime Income v2.1 is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any particular withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Highest Daily Lifetime Income v2.1. As to the impact of such a scenario on any other optional benefit you may have, please see the following sections in this prospectus: “Spousal Highest Daily Lifetime Income v2.1 Benefit”, “Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit” and “Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit”.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is only used to calculate the initial Annual Income Amount and the benefit fee. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter, until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraphs.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. (See below for examples of proportional reductions.)

The Periodic Value on or before the Roll-Up End Date

On any day we recalculate the Periodic Value (a “Current Valuation Day”) that falls on or before the tenth (10 ^th ) anniversary of the benefit effective date (referred to as the “Roll-Up End Date”), the Periodic Value is equal to the greater of:

(1)

the Periodic Value for the immediately preceding business day (the “Prior Valuation Day”) appreciated at the daily equivalent of 5% annually during the calendar day(s) between the Prior Valuation Day and the Current Valuation Day (i.e., one day for successive Valuation Days, but more than one calendar day for Valuation Days that are separated by weekends and/or holidays), plus the amount of any Purchase Payment made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

The Periodic Value after the Roll-Up End Date

On any Current Valuation Day that falls after the Roll-Up End Date, the Periodic Value is equal to the greater of:


(1)	the Periodic Value for the Prior Valuation Day, plus the amount of any Purchase Payment made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

Because the 5% daily appreciation ends after the 10^th anniversary of the benefit effective date, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit. If you begin taking Lifetime Withdrawals prior to your 10^th benefit anniversary, the 5% daily appreciation will no longer increase your Protected Withdrawal Value.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Please note that if you elect Highest Daily Lifetime Income v2.1, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Highest Daily Lifetime Income v2.1

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59 ¹ / ₂ ; 4% for ages 59 ¹ / ₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older. Under Highest Daily Lifetime Income v2.1, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

If you request a net withdrawal, the amount of any CDSC and/or tax withholding will be deducted from your Account Value. This means that an amount greater than the amount you requested will be deducted from your Account Value. In this instance, in order to avoid a withdrawal of Excess Income, the amount you request plus the amount of any applicable CDSC and/or tax withholding cannot cause cumulative withdrawals in that Annuity Year to exceed your Annual Income Amount. If you request a net withdrawal, you are more likely to take a withdrawal of Excess Income than if you request a gross withdrawal.

You may use the systematic withdrawal program to make withdrawals of the Annual Income Amount. Any systematic withdrawal will be deemed a Lifetime Withdrawal under this benefit and must be taken as a gross withdrawal.

Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime Income v2.1 and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59¹/₂; 4% for ages 59¹/₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment.

While Highest Daily Lifetime Income v2.1 is in effect, we may limit, restrict, suspend or reject any additional Purchase Payment at any time, but would do so on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that as a result of the timing and amounts of your additional Purchase Payments and withdrawals, the Annual Income Amount is being increased in an unintended fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s);


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we exercise our right to restrict, suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund your Highest Daily Lifetime Income v2.1 benefit. This means that you may no longer be able to increase the values associated with your Highest Daily Lifetime Income v2.1 benefit through additional Purchase Payments. When you elect this benefit and determine the amount of your Purchase Payment, you should consider the fact that we may suspend, reject or limit additional Purchase Payments at some point in the future.

We will exercise such reservation of right for all annuity purchasers in the same class of annuity in a non-discriminatory manner.

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime Income v2.1. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59¹/₂; 4% for ages 59¹/₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime Income v2.1 has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Income v2.1 upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you

will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

If you are enrolled in a systematic withdrawal program, we will not automatically increase the withdrawal amount when there is an increase to the Annual Income Amount. You must notify us in order to increase the withdrawal amount of any systematic withdrawal program.

Highest Daily Lifetime Income v2.1 does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime Income v2.1, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Because both of the Protected Withdrawal Value and Annual Income Amount are determined in a way that is not solely related to Account Value, it is possible for the Account Value to fall to zero, even though the Annual Income Amount remains.

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up is set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Income v2.1 or any other fees and charges under the Annuity. As a result, these examples may not reflect the probable results of the benefit. Assume the following for all three examples:


▪	The Issue Date is November 1


▪	Highest Daily Lifetime Income v2.1 is elected on August 1 of the following calendar year


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income v2.1


▪	The first withdrawal is a Lifetime Withdrawal

Unless otherwise indicated, all dates referenced hereafter in these examples occur in the same year the benefit is elected and it is assumed that they fall on consecutive business days.

Example of Dollar-for-Dollar Reductions

On October 28, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 70 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00
1.31% Reduction in Annual Income Amount		$78.60
Annual Income Amount for future Annuity Years		$5,921.40

Example of Highest Daily Auto Step-Up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the Annuitant’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments, is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments.

For this example assume the Annual Income Amount for this Annuity Year is $12,000. Also assume that a Lifetime Withdrawal of $6,000 was previously taken during the Annuity Year and a $10,000 withdrawal resulting in $4,000 of Excess Income on June 29 reduces the amount to $11,400.48 for future years. For the next Annuity Year, the Annual Income Amount will be stepped up if 5% of the highest daily Account Value, adjusted for withdrawals and Purchase Payments is greater than $11,400.48. Steps for determining the daily values are displayed below. Only the June 28 value is being adjusted for Excess Income; the June 30, July 1, and July 2 Valuation Dates occur after the Excess Income withdrawal on June 29.



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


•	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.


•	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

•

The adjusted June 29 Highest Daily Value, $228,009.60, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $228,009.60 is greater than the June 30 Account Value, we will continue to carry $228,009.60 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $228,009.60 carried forward.


•	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 5%, generating an Annual Income Amount of $11,675. Since this amount is greater than the current year’s Annual Income Amount of $11,400.48 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $11,675.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime Income v2.1. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Highest Daily Lifetime Income v2.1. You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Highest Daily Lifetime Income v2.1. If you do not designate the withdrawal as the Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

If you are participating in a systematic withdrawal program, the first withdrawal under the program cannot be classified as the Non-Lifetime Withdrawal. The first withdrawal under the program will be considered a Lifetime Withdrawal.

Example – Non-Lifetime Withdrawal (proportional reduction)

This example is purely hypothetical and does not reflect the charges for the benefit or any other fees and charges under the Annuity. It is intended to illustrate the proportional reduction of the Non-Lifetime Withdrawal under this benefit.

Assume the following:


▪	The Issue Date is December 3


▪	Highest Daily Lifetime Income v2.1 is elected on September 4 of the following calendar year


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income v2.1


▪	No previous withdrawals have been taken under Highest Daily Lifetime Income v2.1

On October 3 of the year the benefit is elected, the Protected Withdrawal Value is $125,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on that same October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Highest Daily Lifetime Income v2.1 will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375

Required Minimum Distributions

Required Minimum Distributions (“RMD”) for this Annuity must be taken by April 1st in the year following the date you turn age 70¹/₂ and by December 31^st for subsequent calendar years. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner's lifetime.

If the annual RMD amount is greater than the Annual Income Amount, a withdrawal of the RMD amount will not be treated as a withdrawal of Excess Income, as long as the RMD amount is calculated by us for this Annuity and administered under a program we support each calendar year. If you are not participating in an RMD withdrawal program each calendar year, you can alternatively satisfy the RMD amount without it being treated as a withdrawal of Excess Income as long as the below rules are applied.

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

Example

The following example is purely hypothetical and intended to illustrate the scenario described above. Note that withdrawals must comply with all IRS guidelines in order to satisfy the RMD for the current calendar year.



First Calendar Year	Annuity Year	Second Calendar Year
01/01/2017 to 12/31/2017	06/01/2017 to 05/31/2018	01/01/2018 to 12/31/2018

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2017 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2018 and 05/31/2018 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus


▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

If the $4,000 is withdrawn during the Annuity Year, the remaining Annual Income Amount will be $0 and the remaining RMD amount for the Second Calendar Year ($2,000) may be taken in the next Annuity Year beginning on 06/01/2018.

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Benefits Under Highest Daily Lifetime Income v2.1

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Highest Daily Lifetime Income v2.1, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the single designated life. After the Account Value is reduced to zero, you will not be permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Highest Daily Lifetime Income v2.1 terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity, then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the designated life.

▪

Please note that if your Account Value is reduced to zero, all payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments. Also, any Death Benefit will terminate if withdrawals reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

request that, as of the date annuity payments are to begin, we make annuity payments each year equal to the Annual Income Amount. If this option is elected, the Annual Income Amount will not increase after annuity payments have begun. We will make payments until the death of the single designated life. We must receive your request in a form acceptable to us at our Service Office. If applying your Account Value, less any applicable tax charges, to the life-only annuity payment rates results in a higher annual payment, we will give you the higher annual payment.

▪

In the absence of an election when mandatory annuity payments are to begin we currently make annual annuity payments in the form of a single life fixed annuity with eight payments certain, by applying the greater of the annuity rates then currently available or the annuity rates guaranteed in your Annuity. We reserve the right at any time to increase or decrease the period certain in order to comply with the Code (e.g., to shorten the period certain to match life expectancy under applicable Internal Revenue Service tables). The amount that will be applied to provide such annuity payments will be the greater of:

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the single life fixed annuity rates then currently available or the single life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under Highest Daily Lifetime Income v2.1 are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program at the time you elect this benefit, the first systematic withdrawal that processes will be deemed a Lifetime Withdrawal. Withdrawals made while Highest Daily Lifetime Income v2.1 is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program and you elect this benefit, the program must withdraw funds pro rata.


▪	Any Lifetime Withdrawal that does not cause cumulative withdrawals in that Annuity Year to exceed your Annual Income Amount is not subject to a CDSC, even if the total amount of such withdrawals in any Annuity Year exceeds the maximum Free Withdrawal amount. For

example, if your Free Withdrawal Amount is $10,000 and your Annual Income Amount is $11,000, withdrawals of your entire Annual Income Amount in any Annuity Year would not trigger a CDSC. If you withdrew $12,000, however, $1,000 would be subject to a CDSC.

▪

You should carefully consider when to begin taking Lifetime Withdrawals. If you begin taking withdrawals early, you may maximize the time during which you may take Lifetime Withdrawals due to longer life expectancy, and you will be using an optional benefit for which you are paying a charge. On the other hand, you could limit the value of the benefit if you begin taking withdrawals too soon. For example, withdrawals reduce your Account Value and may limit the potential for increasing your Protected Withdrawal Value. You should discuss with your financial professional when it may be appropriate for you to begin taking Lifetime Withdrawals.


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to the Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will only apply upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes have gone into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Sub-accounts and (ii) invest the proceeds of those sales in the Sub-accounts that you have designated. During this reallocation process, your Account Value allocated to the Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

▪

Any Death Benefit will terminate if withdrawals taken under Highest Daily Lifetime Income v2.1 reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” for more information.)

Charge for Highest Daily Lifetime Income v2.1

The current charge for Highest Daily Lifetime Income v2.1 is 1.00% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime Income v2.1 is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.25% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Highest Daily Lifetime Income v2.1 would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

For Highest Daily Lifetime Income v2.1, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be at least 50 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Income v2.1. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Income v2.1, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian or other entity to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

Highest Daily Lifetime Income v2.1 can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Highest Daily Lifetime Income v2.1 and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Highest Daily Lifetime Income v2.1, you lose the guarantees that you had accumulated under your existing benefit and your guarantees under Highest Daily Lifetime Income v2.1 will be based on your Account Value on the effective date of Highest Daily Lifetime Income v2.1. You and your financial professional should carefully consider whether terminating your existing benefit and electing Highest Daily Lifetime Income v2.1 is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Highest Daily Lifetime Income v2.1 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime Income v2.1 at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit,


(ii)	your surrender of the Annuity,


(iii)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount)


(iv)	our receipt of Due Proof of Death of the Owner or Annuitant (for entity-owned annuities)


(v)	both the Account Value and Annual Income Amount equal zero due to a withdrawal of Excess Income,


(vi)	you allocate or transfer any portion of your Account Value to any Sub-account(s) to which you are not permitted to electively allocate or transfer Account Value,* or


(vii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to reallocate amounts to the Permitted Sub-accounts or change your designations, as applicable.

“Due Proof of Death” is satisfied when we receive all of the following in Good Order: (a) a death certificate or similar documentation acceptable to us; (b) all representations we require or which are mandated by applicable law or regulation in relation to the death claim and the payment of death proceeds (representations may include, but are not limited to, trust or estate paperwork (if needed); consent forms (if applicable); and claim forms from at least one beneficiary); and (c) any applicable election of the method of payment of the death benefit, if not previously elected by the Owner, by at least one Beneficiary.

Upon termination of Highest Daily Lifetime Income v2.1 other than upon the death of the Annuitant or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program, transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, Highest Daily Lifetime Income v2.1 terminates upon Due Proof of Death. The spouse may newly elect the benefit subject to the restrictions discussed in “Election of and Designations under the Benefit” and “Termination of Your Highest Daily Lifetime v2.1” earlier in this benefit description.

How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Overview of the Predetermined Mathematical Formula

Our goal is to seek a careful balance between providing value-added products, such as the Highest Daily Lifetime Income v2.1 suite of benefits, while managing the risk to Pruco Life of New Jersey associated with offering these products. One of the key features that helps us accomplish that balance and an integral part of the Highest Daily Lifetime Income v2.1 suite is the predetermined mathematical formula used to transfer Account Value between the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account, referred to in this section as the “Bond

Sub-account”. The formula is designed primarily to mitigate some of the financial risks that we incur in providing the guarantee under the Highest Daily Lifetime Income v2.1 suite of benefits. The formula is not investment advice.

The formula is set forth in Appendix H (and is described below).

The predetermined mathematical formula (“formula”) monitors each individual contract each Valuation Day that the benefit is in effect on your Annuity, in order to help us manage guarantees through all market cycles. It helps manage the risk to us associated with these benefits, which is generally represented by the gap between your Account Value and the Protected Withdrawal Value. As the gap between these two values increases, the formula will determine if and how much money should be transferred into the Bond Sub-account. This movement is intended to reduce the equity risk we will bear in funding our obligation associated with these benefits. As the gap decreases (due to favorable performance of the Account Value), the formula then determines if and how much money should transfer back into the Permitted Sub-accounts. The use of the formula, combined with restrictions on the Sub-accounts you are allowed to invest in, lessens the risk that your Account Value will be reduced to zero while you are still alive, thus reducing the likelihood that we will make any lifetime income payments under this benefit. The formula may also limit the potential for your Account Value to grow.

The formula is not forward looking and contains no predictive or projective component with respect to the markets, the Account Value or the Protected Withdrawal Value. We are not providing you with investment advice through the use of the formula. The formula does not constitute an investment strategy that we are recommending to you. The formula may limit the potential for your Account Value to grow.

Transfer Activity Under the Formula

Prior to the first Lifetime Withdrawal, the primary driver of transfers to the Bond Sub-account is the difference between your Account Value and your Protected Withdrawal Value. If none of your Account Value is allocated to the Bond Sub-account, then over time the formula permits an increasing difference between the Account Value and the Protected Withdrawal Value before a transfer to the Bond Sub-account occurs. Therefore, over time, assuming none of the Account Value is allocated to the Bond Sub-account, the formula will allow for a greater decrease in the Account Value before a transfer to the Bond Sub-account is made.

It is important to understand that transfers within your Annuity are specific to the performance of your chosen investment options, the performance of the Bond Sub-account while Account Value is allocated to it, as well as how long the benefit has been owned. For example, two contracts purchased on the same day, but invested differently, will likely have different results, as would two contracts purchased on different days with the same investment options.

Each market cycle is unique, therefore the performance of your Sub-accounts, and its impact on your Account Value, will differ from market cycle to market cycle, therefore producing different transfer activity under the formula. The amount and timing of transfers to and from the Bond Sub-account depend on various factors unique to your Annuity and are not necessarily directly correlated with the securities markets, bond markets, interest rates or any other market or index. Some of the factors that determine the amount and timing of transfers (as applicable to your Annuity), include:


▪	The difference between your Account Value and your Protected Withdrawal Value;


▪	The amount of time the benefit has been in effect on your Annuity;


▪	The amount allocated to and the performance of the Permitted Sub-accounts and the Bond Sub-account;


▪	Any additional Purchase Payments you make to your Annuity (while the benefit is in effect); and


▪	Any withdrawals you take from your Annuity (while the benefit is in effect).

At any given time, some, most or none of your Account Value will be allocated to the Bond Sub-account, as dictated by the formula.

The amount allocated to the Bond Sub-account and the amount allocated to the Permitted Sub-accounts each is a variable in the formula. Therefore, the investment performance of each affects whether a transfer occurs for your Annuity. As the amounts allocated to either the Bond Sub-account or the Permitted Sub-accounts increase, the performance of those sub-accounts will have a greater impact on your Account Value and hence a greater impact on if (and how much of) your Account Value is transferred to or from the Bond Sub-account. It is possible that if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has positive performance, the formula might transfer a portion of your Account Value to the Permitted Sub-accounts, even if the performance of your Permitted Sub-accounts is negative. Conversely, if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has negative performance, the formula may transfer additional amounts from your Permitted Sub-accounts to the Bond Sub-account even if the performance of your Permitted Sub-accounts is positive.

How the Formula Operates

Generally, the formula, which is applied each Valuation Day, takes four steps in determining any applicable transfers within your Annuity.


(1)	First, the formula starts by identifying the value of future income payments we expect to pay. We refer to that value as the “Target Value” or “L”.


(2)	Second, we subtract any amounts invested in the Bond Sub-account (“B”) from the Target Value and divide that number by the amount invested in the Permitted Sub-accounts (“V”). We refer to this resulting value as the “Target Ratio” or “R”.


(3)	Third, we compare the Target Ratio to designated thresholds and other rules described in greater detail below to determine if a transfer needs to occur.


(4)	If a transfer needs to occur, we use another calculation to determine the amount of the transfer.

The Formula is:

R = (L – B)/ V

More specifically, the formula operates as follows:


(1)	We calculate the Target Value (L) by multiplying the Income Basis (as defined in Appendix H) for that day by 5% and by the applicable Annuity Factor found in Appendix H. If you have already made a Lifetime Withdrawal, your Target Value would take into account any automatic step-up, any subsequent Purchase Payments and any withdrawals of Excess Income.

Example (assume the Income Basis is $200,000, and the contract is 11 ¹/₂ months old, resulting in an annuity factor of 14.95)

Target Value (L) = $200,000 x 5% x 14.95 = $149,500


(2)	Next, to calculate the Target Ratio (R), the Target Value is reduced by any amount held within the Bond Sub-account (B) on that day. The remaining amount is divided by the amount held within the Permitted Sub-accounts (V).

Example (assume the amount in the Bond Sub-account is zero, and the amount held within the Permitted Sub-accounts is $179,500)

Target Ratio (R) = ($149,500 – 0)/$179,500 = 83.3%

(3)

If, on each of three consecutive Valuation Days, the Target Ratio is greater than 83% but less than or equal to 84.5%, the formula will, on the third Valuation Day, make a transfer from your Permitted Sub-accounts to the Bond Sub-account (subject to the 90% cap discussed below). If, however, on any Valuation Day, the Target Ratio is above 84.5%, the formula will make a transfer from the Permitted Sub-accounts to the Bond Sub-account (subject to the 90% cap). Once a transfer is made, the Target Ratio must again be greater than 83% but less than or equal to 84.5% for three consecutive Valuation Days before a subsequent transfer to the Bond Sub-account will occur. If the Target Ratio falls below 78% on any Valuation Day, then a transfer from the Bond Sub-account to the Permitted Sub-accounts will occur.

Example: Assuming the Target Ratio is above 83% for a 3^rd consecutive Valuation Day, but less than or equal to 84.5% for three consecutive Valuation Days, a transfer into the Bond Portfolio occurred.

(4)

In deciding how much to transfer, we perform a calculation that essentially seeks to reallocate amounts held in the Permitted Sub-accounts and the Bond Sub-account so that the Target Ratio meets a target, which currently is equal to 80% (subject to the 90% Cap discussion below). The further the Target Ratio is from 80% when a transfer is occurring under the formula, the greater the transfer amount will be.

The 90% Cap

Under the operation of the formula, the 90% cap may come into and out of effect multiple times while you participate in the benefit. At no time will the formula make a transfer to the Bond Sub-account that results in greater than 90% of your Account Value being allocated to the Bond Sub-account. However, it is possible that, due to the investment performance of your allocations in the Bond Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the Bond Sub-account.

Monthly Transfers

Additionally, on each monthly Annuity Anniversary (if the monthly Annuity Anniversary does not fall on a Valuation Day, the next Valuation Day will be used), following all of the above described daily calculations, if there is money allocated to the Bond Sub-account, the formula will perform an additional calculation to determine whether or not a transfer will be made from the Bond Sub-account to the Permitted Sub-accounts. This transfer will automatically occur provided that the Target Ratio, as described above, would be less than 83% after this transfer. The formula will not execute a transfer if the Target Ratio after this transfer would occur would be greater than or equal to 83%.

The amount of the transfer will be equal to the lesser of:


a)	The total value of all your Account Value in the Bond Sub-account, or


b)	An amount equal to 5% of your total Account Value.

Other Important Information


▪	The Bond sub-account is not a Permitted Sub-account. As such, only the formula can transfer Account Value to or from the Bond Sub-account. You may not allocate Purchase Payments or transfer any of your Account Value to or from the Bond Sub-account.

▪

While you are not notified before a transfer occurs to or from the Bond Sub-account, you will receive a confirmation statement indicating the transfer of a portion of your Account Value either to or from the Bond Sub-account. Your confirmation statements will be detailed to include the effective date of the transfer, the dollar amount of the transfer and the Permitted Sub-accounts the funds are being transferred to/from. Depending on the results of the calculations of the formula, we may, on any Valuation Day:


▪	Not make any transfer between the Permitted Sub-accounts and the Bond Sub-account; or


▪	If a portion of your Account Value was previously allocated to the Bond Sub-account, transfer all or a portion of those amounts to the Permitted Sub-accounts (as described above); or


▪	Transfer a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account.


▪	If you make additional Purchase Payments to your Annuity, they will be allocated to the Permitted Sub-accounts and will be subject to the formula.


▪	Additional Purchase Payments to your Annuity do not increase “B” within the formula, and may result in an additional Account Value being transferred to the Permitted Sub-accounts, or a transfer to the Bond Sub-account due to the change in the ratio.

▪

If you make additional Purchase Payments to your Annuity while the 90% cap is in effect, the formula will not transfer any of such additional Purchase Payments to the Bond Sub-account at least until there is first a transfer out of the Bond Sub-account, regardless of how much of your Account Value is in the Permitted Sub-accounts. This means that there could be scenarios under which, because of the additional Purchase Payments you make, less than 90% of your entire Account Value is allocated to the Bond Sub-account, and the formula will still not transfer any of your Account Value to the Bond Sub-account (at least until there is first a transfer out of the Bond Sub-account).

Additional Tax Considerations

If you purchase an annuity as an investment vehicle for “qualified” investments, including an IRA, SEP-IRA, Tax Sheltered Annuity (or 403(b)) or employer plan under Code Section 401(a), the Required Minimum Distribution rules under the Code provide that you begin receiving periodic amounts beginning after age 70 1/2. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner’s lifetime.

As indicated, withdrawals made while this benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Please see “Tax Considerations” for a detailed discussion of the tax treatment of withdrawals. We do not address each potential tax scenario that could arise with respect to this benefit here. However, we do note that if you participate in Highest Daily Lifetime Income v2.1 or Spousal Highest Daily Lifetime Income v2.1 through a nonqualified annuity, as with all withdrawals, once all Purchase Payments are returned under the Annuity, all subsequent withdrawal amounts will be taxed as ordinary income.

SPOUSAL HIGHEST DAILY LIFETIME ^® INCOME v2.1 BENEFIT

Spousal Highest Daily Lifetime Income v2.1 is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. We reserve the right, in our sole discretion, to cease offering this benefit for new elections at any time.

We offer a benefit that guarantees, until the later death of two natural persons who are each other’s spouses at the time of election of the benefit (the “designated lives”, and each, a “designated life”), the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial principal value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the lives of the designated lives, provided you have not made withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal.” You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue Spousal Highest Daily Lifetime Income v2.1 after the death of the first spouse. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Spousal Highest Daily Lifetime Income v2.1 is the predetermined mathematical formula we employ that may periodically transfer your

Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime Income v2.1 is the spousal version of Highest Daily Lifetime Income v2.1. Currently, if you elect Spousal Highest Daily Lifetime Income v2.1 and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. Please note that if you terminate Spousal Highest Daily Lifetime Income v2.1 and elect another benefit, you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. See “Termination of Existing Benefits and Election of New Benefits” for details.

Spousal Highest Daily Lifetime Income v2.1 must be elected based on two designated lives, as described below. Each designated life must be at least 50 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime Income v2.1 benefit due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime Income v2.1 is not available if you elect any other optional living benefit.

As long as your Spousal Highest Daily Lifetime Income v2.1 is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any particular withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Spousal Highest Daily Lifetime Income v2.1. As to the impact of such a scenario on any other optional benefit you may have, please see the following sections in this prospectus: “Highest Daily Lifetime Income v2.1 Benefit”, “Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit” and “Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit”.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is only used to calculate the initial Annual Income Amount and the benefit fee. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The Periodic Value on or before the Roll-Up End Date

On any day we recalculate the Periodic Value (a “Current Valuation Day”) that falls on or before the tenth (10th) anniversary of the benefit effective date (referred to as the “Roll-Up End Date”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

The Periodic Value after the Roll-Up End Date

On any Current Valuation Day that falls after the Roll-Up End Date, the Periodic Value is equal to the greater of:


(1)	the Periodic Value for the Prior Valuation Day, plus the amount of any Purchase Payment made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

Because the 5% daily appreciation ends after the 10th anniversary of the benefit effective date, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit. If you begin taking Lifetime Withdrawals prior to your 10th benefit anniversary, the 5% daily appreciation will no longer increase your Protected Withdrawal Amount.

Please note that if you elect Spousal Highest Daily Lifetime Income v2.1, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Spousal Highest Daily Lifetime Income v2.1

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the younger designated life on the date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 2.5% for ages 50 to 54; 3% for ages 55 to less than 59 1/2; 3.5% for ages 59 1/2 to 64; 4% for ages 65 to 69; 4.5% for ages 70 to 84; and 5.5% for ages 85 or older. We use the age of the younger designated life even if that designated life is no longer a participant under the Annuity due to death or divorce. Under Spousal Highest Daily Lifetime Income v2.1, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime Income v2.1 and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 2.5% for ages 50 to 54; 3% for ages 55 to less than 59 1/2; 3.5% for ages 59 1/2 to 64; 4% for ages 65 to 69; 4.5% for ages 70 to 84; and 5.5% for ages 85 or older), and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment.

While Spousal Highest Daily Lifetime Income v2.1 is in effect, we may limit, restrict, suspend or reject any additional Purchase Payment at any time, but would do so on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that as a result of the timing and amounts of your additional Purchase Payments and withdrawals, the Annual Income Amount is being increased in an unintended fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s);


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we exercise our right to restrict, suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund your Spousal Highest Daily Lifetime Income v2.1 benefit. This means that you may no longer be able to increase the values associated with your Spousal Highest Daily Lifetime Income v2.1 benefit through additional Purchase Payments. When you elect this benefit and determine the amount of your Purchase Payment, you should consider the fact that we may suspend, reject or limit additional Purchase Payments at some point in the future.

We will exercise such reservation of right for all annuity purchasers in the same class of annuity, in a non-discriminatory manner.

Highest Daily Auto Step-Up

automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time of any increase to your Annual Income Amount, we will also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime Income v2.1 has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime Income v2.1 upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

Spousal Highest Daily Lifetime Income v2.1 does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime Income v2.1, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Annual Income Amount in any Annuity Year, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime Income v2.1 or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1


▪	Spousal Highest Daily Lifetime Income v2.1 is elected on August 1 of the following calendar year


▪	Both designated lives were 70 years old when they elected Spousal Highest Daily Lifetime Income v2.1


▪	The first withdrawal is a Lifetime Withdrawal

Unless otherwise indicated, all dates referenced hereafter in these examples occur in the same year the benefit is elected and it is assumed that they fall on consecutive business days.

Example of Dollar-for-Dollar Reductions

On October 28, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $5,400 (since the younger designated life is between the ages of 70 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 4.5% of the Protected Withdrawal Value, in this case 4.5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31) is $2,900. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($5,400 less $2,500 = $2,900).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $2,900 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $2,100 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there were other withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” excess withdrawal		$2,900.00
Account Value immediately before excess withdrawal of $2,100		$115,100.00
Excess withdrawal amount		$2,100.00
Ratio ($2,100/$115,100 = 1.82%)	1.82		%
Annual Income Amount		$5,400.00
1.82% Reduction in Annual Income Amount		$98.28
Annual Income Amount for future Annuity Years		$5,301.72

Example of Highest Daily Auto Step-Up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the younger designated life’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments, is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments.

For this example assume the Annual Income Amount for this Annuity Year is $10,800. Also assume that a Lifetime Withdrawal of $5,400 was previously taken during the Annuity Year and a $10,000 withdrawal resulting in $4,600 of Excess Income on June 29 reduces the amount to $10,259.75 for future years. For the next Annuity Year, the Annual Income Amount will be stepped up if 4.5% of the highest daily Account Value, adjusted for withdrawals and Purchase Payments is greater than $10,259.75. Steps for determining the daily values are displayed below. Only the June 28 value is being adjusted for Excess Income; the June 30, July 1, and July 2 Valuation Dates occur after the Excess Income withdrawal on June 29.



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


•	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


•	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

•

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Unadjusted Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


•	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 4.5%, generating an Annual Income Amount of $10,507.50. Since this amount is greater than the current year's Annual Income Amount of $10,435.50 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $10,507.50.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime Income v2.1. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Spousal Highest Daily Lifetime Income v2.1. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Spousal Highest Daily Lifetime Income v2.1. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based

on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

Example – Non-Lifetime Withdrawal (proportional reduction)


▪	The Issue Date is December 3


▪	Spousal Highest Daily Lifetime Income v2.1 is elected on September 4 of the following calendar year


▪	The Account Value at benefit election was $105,000


▪	Each designated life was 70 years old when he/she elected Spousal Highest Daily Lifetime Income v2.1


▪	No previous withdrawals have been taken under Spousal Highest Daily Lifetime Income v2.1

On October 3 of the same year the benefit is elected, the Protected Withdrawal Value is $125,000 and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on that same October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Spousal Highest Daily Lifetime Income v2.1 will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375

Required Minimum Distributions

See the sub-section entitled “Required Minimum Distributions” in the prospectus section above concerning Highest Daily Lifetime Income v2.1 for a discussion of the relationship between the RMD amount and the Annual Income Amount.

Benefits Under Spousal Highest Daily Lifetime Income v2.1

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Spousal Highest Daily Lifetime Income v2.1, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the first of the designated lives to die, and will continue to make payments until the death of the second designated life. After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Spousal Highest Daily Lifetime Income v2.1 terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the second designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable state required premium tax, to any annuity option available; or

(2)

request that, as of the date annuity payments are to begin, we make annuity payments each year equal to the Annual Income Amount. We will make payments until the first of the designated lives to die, and will continue to make payments until the death of the second designated life. If, due to death of a designated life or divorce prior to annuitization, only a single designated life remains, then annuity payments will be made as a life annuity for the lifetime of the designated life. We must receive your request in a form acceptable to us at our office. If applying your Account Value, less any applicable tax charges, to our current life only (or joint life, depending on the number of designated lives remaining) annuity payment rates results in a higher annual payment, we will give you the higher annual payment.

▪

In the absence of an election when mandatory annuity payments are to begin, we currently make annual annuity payments as a joint and survivor or single (as applicable) life fixed annuity with eight payments certain, by applying the greater of the annuity rates then currently available or the annuity rates guaranteed in your Annuity. We reserve the right at any time to increase or decrease the certain period in order to comply with the Code (e.g., to shorten the period certain to match life expectancy under applicable Internal Revenue Service tables). The amount that will be applied to provide such annuity payments will be the greater of:

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime Income v2.1 benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program at the time you elect this benefit, the first systematic withdrawal that processes will be deemed a Lifetime Withdrawal. Withdrawals made while Spousal Highest Daily Lifetime Income v2.1 is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program and you elect this benefit, the program must withdraw funds pro rata.

▪

Any Lifetime Withdrawal that does not cause cumulative withdrawals in that Annuity Year to exceed your Annual Income Amount is not subject to a CDSC, even if the total amount of such withdrawals in any Annuity Year exceeds the maximum Free Withdrawal amount. For example, if your Free Withdrawal Amount is $10,000 and your Annual Income Amount is $11,000, withdrawals of your entire Annual Income Amount in any Annuity Year would not trigger a CDSC. If you withdrew $12,000, however, $1,000 would be subject to a CDSC.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the pre-determined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes have gone into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

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If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Sub-accounts and (ii) invest the proceeds of those sales in the Permitted Sub-accounts that you have designated. During this reallocation process, your Account Value allocated to the Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

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Any Death Benefit will terminate if withdrawals taken under Spousal Highest Daily Lifetime Income v2.1 reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” for more information.)

Charge for Spousal Highest Daily Lifetime Income v2.1

The current charge for Spousal Highest Daily Lifetime Income v2.1 is 1.10% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime Income v2.1 is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.275% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Spousal Highest Daily Lifetime Income v2.1 would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

Spousal Highest Daily Lifetime Income v2.1 can only be elected based on two designated lives. Designated lives must be natural persons who are each other’s spouses at the time of election of the benefit. Currently, Spousal Highest Daily Lifetime Income v2.1 only may be elected if the Owner, Annuitant, and Beneficiary designations are as follows:


▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. Each Owner/Annuitant and the Beneficiary must be at least 50 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. Each Owner must be at least 50 years old at the time of election; or

▪

One Annuity Owner, where the Owner is a custodial account established to hold retirement assets for the benefit of the Annuitant pursuant to the provisions of Section 408(a) of the Code (or any successor Code section thereto) (“Custodial Account”), the Beneficiary is the Custodial Account, and the spouse of the Annuitant is the Contingent Annuitant. Each of the Annuitant and the Contingent Annuitant must be at least 50 years old at the time of election.

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit. However, if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. A change in designated lives will result in cancellation of Spousal Highest Daily Lifetime Income v2.1. If the designated lives divorce, Spousal Highest Daily Lifetime Income v2.1 may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. Any applicable CDSC will apply to such a withdrawal. The non-owner spouse may then decide whether he or she wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

Spousal Highest Daily Lifetime Income v2.1 can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Spousal Highest Daily Lifetime Income v2.1 and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Spousal Highest Daily Lifetime Income v2.1, you lose the guarantees that you had accumulated under your existing benefit, and your guarantees under Spousal Highest Daily Lifetime Income v2.1 will be based on your Account Value on the effective date of Spousal Highest Daily Lifetime Income v2.1. You and your financial professional should carefully consider whether terminating your existing benefit and electing Spousal Highest Daily Lifetime Income v2.1 is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime Income v2.1 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate the benefit at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life, if the surviving spouse opts to take the death benefit under the Annuity (rather than continue the Annuity) or if the surviving spouse is not an eligible designated life;


(ii)	upon the death of the second designated life;


(iii)	your termination of the benefit;


(iv)	your surrender of the Annuity;


(v)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vi)	both the Account Value and Annual Income Amount equal zero due to a withdrawal of Excess Income;


(vii)	you allocate or transfer any portion of your Account Value to any Sub-account(s) to which you are not permitted to electively allocate or transfer Account Value*; or


(viii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to reallocate amounts to the Permitted Sub-accounts or change your designations, as applicable.

Upon termination of Spousal Highest Daily Lifetime Income v2.1 other than upon the death of the second Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program, transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-Account

See “How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account” in the discussion of Highest Daily Lifetime Income v2.1 above for information regarding this component of the benefit.

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime Income v2.1 above.

HIGHEST DAILY LIFETIME ^® INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT

Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit (“HA DB”) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. This benefit also provides for a highest annual death benefit, subject to the terms of the benefit. We reserve the right, in our sole discretion, to cease offering this benefit for new elections, at any time.

We offer a benefit that guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income) (“Guarantee Payments”). Highest Daily Lifetime Income v2.1 with HA DB may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and also wish to provide a death benefit to your beneficiaries. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime Income v2.1 with HA DB is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section

above entitled “How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Highest Daily Lifetime Income v2.1 is offered with or without the HA DB component; however, you may only elect HA DB with Highest Daily Lifetime Income v2.1, and you must elect the HA DB benefit at the time you elect Highest Daily Lifetime Income v2.1. If you elect Highest Daily Lifetime Income v2.1 without HA DB and would like to add the feature later, you must first terminate Highest Daily Lifetime Income v2.1 and elect Highest Daily Lifetime Income v2.1 with HA DB (subject to availability and benefit re-election provisions). Please note that if you terminate Highest Daily Lifetime Income v2.1 and elect Highest Daily Lifetime Income v2.1 with HA DB you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. Highest Daily Lifetime Income v2.1 with HA DB is offered as an alternative to other lifetime withdrawal options. If you elect this benefit, it may not be combined with any other optional living or death benefit.

The income benefit under Highest Daily Lifetime Income v2.1 with HA DB currently is based on a single “designated life” who is between the ages of 50 and 79 on the benefit effective date and received in Good Order. As long as your Highest Daily Lifetime Income v2.1 with HA DB is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any particular withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Highest Daily Lifetime Income v2.1 with HA DB (including no payment of the Highest Annual Death Benefit Amount). As to the impact of such a scenario on any other optional benefit, please see the following sections in this prospectus: “Highest Daily Lifetime Income v2.1 Benefit”, “Spousal Highest Daily Lifetime Income v2.1 Benefit” and “Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit”.

Key Feature – Protected Withdrawal Value

The Periodic Value on or before the Roll-Up End Date

(1)


(2)	the Account Value on the current Valuation Day.

The Periodic Value after the Roll-Up End Date

On any Current Valuation Day that falls after the Roll-Up End Date, the Periodic Value is equal to the greater of:


(1)	the Periodic Value for the Prior Valuation Day, plus the amount of any Purchase Payment made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

Please note that if you elect Highest Daily Lifetime Income v2.1 with HA DB, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Highest Daily Lifetime Income v2.1 with HA DB

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59¹/₂; 4% for ages 59¹/₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older. Under Highest Daily Lifetime Income v2.1 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

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Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime Income v2.1 with HA DB and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59¹/₂; 4% for ages 59¹/₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment.

After your first Lifetime Withdrawal and before your Account Value is reduced to zero, you may make additional Purchase Payments, subject to the limits in the next paragraph. We reserve the right not to accept additional Purchase Payments if the Account Value becomes zero.

While Highest Daily Lifetime Income v2.1 with HA DB is in effect, we may limit, restrict, suspend or reject any additional Purchase Payment at any time, but would do so on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that, as a result of the timing and amounts of your additional Purchase Payments and Withdrawals, the Annual Income Amount is being increased in an unintended fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s);


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we exercise our right to restrict, suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund your Highest Daily Lifetime Income v2.1 with HA DB. This means that you may no longer be able to increase the values associated with your Highest Daily Lifetime Income v2.1 with HA DB through additional Purchase Payments. When you elect this benefit and determine the amount of your Purchase Payment, you should consider the fact that we may suspend, reject or limit additional Purchase Payments at some point in the future.

We will exercise such reservation of right for all annuity purchasers in the same class of annuity in a non-discriminatory manner.

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime Income v2.1 with HA DB. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 3% for ages 50 to 54; 3.5% for ages 55 to less than 59¹/₂; 4% for ages 59¹/₂ to 64; 4.5% for ages 65 to 69; 5% for ages 70 to 84; and 6% for ages 85 or older. If that value exceeds the

existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time of any increase to your Annual Income Amount, we will also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime Income v2.1 with HA DB has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Income v2.1 with HA DB upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

Highest Daily Lifetime Income v2.1 with HA DB does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime Income v2.1 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Because both the Protected Withdrawal Value and Annual Income Amount are determined in a way that is not solely related to Account Value, it is possible for the Account Value to fall to zero, even though the Annual Income Amount remains.

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Income v2.1 with HA DB or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1


▪	Highest Daily Lifetime Income v2.1 with HA DB is elected on August 1 of the following calendar year


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income v2.1 with HA DB


▪	The first withdrawal is a Lifetime Withdrawal

Unless otherwise indicated, it is assumed that all dates referenced hereafter in these examples fall on consecutive business days.

Example of Dollar-for-Dollar Reductions

On October 28, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 70 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). The Highest Annual Death Benefit Amount is $115,420. Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500) and the Highest Annual Death Benefit Amount ($115,420 less $2,500 = $112,920).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, the Account Value at the time and immediately prior to this withdrawal is $118,000, and the Highest Annual Death Benefit Amount is $112,920. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0, and reduces the Highest Annual Death Benefit Amount on a dollar-for dollar basis to $109,420. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years and the Highest Annual Death Benefit Amount on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount and the Highest Annual Death Benefit Amount).

Here is the calculation:



Annual Income Amount				Highest Annual Death Benefit Amount
Account Value before Lifetime Withdrawal		$118,000.00		Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00		Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00		Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00		Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%	Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00		HA DB Amount		$109,420.00
1.31% Reduction in Annual Income Amount		$78.60		1.31% Reduction in Annual Income Amount		$1,433.40
Annual Income Amount for future Annuity Years		$5,921.40		Highest Annual Death Benefit Amount		$107,986.60

Example of Highest Daily Auto Step-Up



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


•	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.


•	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

•


•	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime Income v2.1 with HA DB. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Highest Daily Lifetime Income v2.1 with HA DB. You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Highest Daily Lifetime Income v2.1 with HA DB. If you do not designate the withdrawal as a

Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Highest Annual Death Benefit Amount. It will reduce each value by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)

Assume the following:


▪	The Issue Date is December 3


▪	Highest Daily Lifetime Income v2.1 with HA DB is elected on September 4 of the following calendar year


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income v2.1 with HA DB


▪	No previous withdrawals have been taken under Highest Daily Lifetime Income v2.1 with HA DB

On October 3 of the year the benefit is elected, the Protected Withdrawal Value is $125,000, the Highest Annual Death Benefit Amount is $115,420, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on that same October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Highest Daily Lifetime Income v2.1 with HA DB will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000.00
Divided by Account Value before withdrawal		$120,000.00
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375.00
Highest Annual Death Benefit Amount		$100,992.50

Required Minimum Distributions

Required Minimum Distributions (“RMD”) for this Annuity must be taken by April 1st in the year following the date you turn age 70¹/₂ and by December 31st for subsequent calendar years. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner's lifetime.

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

Example



First Calendar Year	Annuity Year	Second Calendar Year
01/01/2017 to 12/31/2017	06/01/2017 to 05/31/2018	01/01/2018 to 12/31/2018

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2017 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2018 and 05/31/2018 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus


▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Highest Annual Death Benefit

A Death Benefit is payable under Highest Daily Lifetime Income v2.1 with HA DB (until we begin making Guarantee Payments under the benefit or annuity payments have begun) upon the death of the Owner (Annuitant if entity-owned), also referred to as the “Single Designated Life”, when we receive Due Proof of Death. The Death Benefit is the greatest of: the Minimum Death Benefit (described later in this prospectus) or the Highest Annual Death Benefit Amount described below.

Highest Annual Death Benefit Amount:

On the date you elect Highest Daily Lifetime Income v2.1 with HA DB, the Highest Annual Death Benefit Amount is equal to your Account Value. On each subsequent Valuation Day, until the date of death of the decedent, the Highest Annual Death Benefit Amount will be the greater of:


(1)	The Account Value on the current Valuation Day; and


(2)	The Highest Annual Death Benefit Amount on the most recent anniversary of the benefit effective date,


▪	increased by any Purchase Payments made since that anniversary and,


▪	reduced by the effect of withdrawals made since that anniversary, as described below.

Please note that the Highest Annual Death Benefit Amount does not have any guaranteed growth rate associated with it and therefore can be a different amount than any of the guaranteed values associated with the living benefit features of Highest Daily Lifetime Income v2.1 with HA DB.

On each anniversary of the benefit effective date, up to and including the date of death of the decedent, the Highest Annual Death Benefit Amount is compared to the Account Value on that anniversary. If the Account Value is greater than the Highest Annual Death Benefit Amount, the Highest Annual Death Benefit Amount is increased to equal the Account Value.

A Non-Lifetime Withdrawal will proportionately reduce the Highest Annual Death Benefit Amount by the ratio of the Non-Lifetime Withdrawal to the Account Value immediately prior to the Non-Lifetime Withdrawal. A Lifetime Withdrawal that is not considered Excess Income will reduce the Highest Annual Death Benefit Amount (dollar-for-dollar) by the amount of the withdrawal. All or a portion of a Lifetime Withdrawal that is considered Excess Income will proportionately reduce the Highest Annual Death Benefit Amount by the ratio of the Excess Income to the Account Value immediately prior to the withdrawal of the Excess Income.

The Highest Annual Death Benefit will be calculated on the date of death of the decedent and will be:


▪	increased by the amount of any additional Adjusted Purchase Payments, and


▪	reduced by the effect of any withdrawals (as described in the preceding paragraph),

made during the period between the decedent’s date of death and the date we receive Due Proof of Death.

Please note that the Highest Annual Death Benefit Amount is available only until we make Guarantee Payments under Highest Daily Lifetime Income v2.1 with HA DB or annuity payments begin. This means that any withdrawals that reduce your Account Value to zero will also reduce the Highest Annual Death Benefit Amount to zero.

All other provisions applicable to Death Benefits under your Annuity will continue to apply. See the “Death Benefits” section of this prospectus for more information pertaining to Death Benefits.

Benefits Under Highest Daily Lifetime Income v2.1 with HA DB

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and Guarantee Payments amounts are still payable under Highest Daily Lifetime Income v2.1 with HA DB, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the single designated life. After the Account Value is reduced to zero, you will not be permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Highest Daily Lifetime Income v2.1 with HA DB terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted.

▪

Please note that if your Account Value is reduced to zero, all subsequent payments will be treated as Guarantee Payments. Further, the Guarantee Payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments. Please note that if your Account Value is reduced to zero due to withdrawals or annuitization, any Death Benefit value, including that of the HA DB feature, will terminate and no Death Benefit Amount is payable. This means that the HA DB is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

▪

(1)


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under Highest Daily Lifetime Income v2.1 with HA DB are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program at the time you elect this benefit, the first systematic withdrawal that processes will be deemed a Lifetime Withdrawal. Withdrawals made while Highest Daily Lifetime Income v2.1 with HA DB is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com.


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Sub-accounts and (ii) invest the proceeds of those sales in the Permitted Sub-accounts that you have designated. During this reallocation process, your Account Value allocated to the Permitted Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

▪

Any Death Benefit will terminate if withdrawals taken under Highest Daily Lifetime Income v2.1 with HA DB reduce your Account Value to zero. This means that any Death Benefit, including the HA DB, will terminate and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” for more information.)

Charge for Highest Daily Lifetime Income v2.1 with HA DB

The current charge for Highest Daily Lifetime Income v2.1 with HA DB is 1.40% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime Income v2.1 with HA DB is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.35% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Highest Daily Lifetime Income v2.1 with HA DB would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

For Highest Daily Lifetime Income v2.1 with HA DB, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be between 50 and 79 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Income v2.1 with HA DB. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Income v2.1 with HA DB, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian or other entity to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

Highest Daily Lifetime Income v2.1 with HA DB can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Highest Daily Lifetime Income v2.1 with HA DB and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Highest Daily Lifetime Income v2.1 with HA DB, you lose the guarantees that you had accumulated under your existing benefit and your guarantees under Highest Daily Lifetime Income v2.1 with HA DB will be based on your Account Value on the effective date of Highest Daily Lifetime Income v2.1 with HA DB. You and your financial professional should carefully consider whether terminating your existing benefit and electing Highest Daily Lifetime Income v2.1 with HA DB is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Highest Daily Lifetime Income v2.1 with HA DB so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime Income v2.1 with HA DB at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit, including the HA DB, will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit,


(ii)	your surrender of the Annuity,


(iii)	when annuity payments begin (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount)


(iv)	our receipt of Due Proof of Death of the Owner (or Annuitant if entity-owned)


(v)	both the Account Value and Annual Income Amount equal zero due to a withdrawal of Excess Income


(vi)	you allocate or transfer any portion of your Account Value to any Sub-account(s) to which you are not permitted to electively allocate or transfer Account Value,* or


(vii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to reallocate amounts to the Permitted Sub-accounts or change your designations, as applicable.

Upon termination of Highest Daily Lifetime Income v2.1 with HA DB, other than upon the death of the Owner or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program, transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, Highest Daily Lifetime Income v2.1 with HA DB terminates upon Due Proof of Death. The spouse may newly elect the benefit subject to the restrictions discussed in “Election of and Designations under the Benefit” earlier in this benefit description.

How Highest Daily Lifetime Income v2.1 with HA DB Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Overview of the Predetermined Mathematical Formula

The formula is set forth in Appendix H (and is described below).

Transfer Activity Under the Formula


▪	The difference between your Account Value and your Protected Withdrawal Value;


▪	The amount of time the benefit has been in effect on your Annuity;


▪	The amount allocated to and the performance of the Permitted Sub-accounts and the Bond Sub-account;


▪	Any additional Purchase Payments you make to your Annuity (while the benefit is in effect); and


▪	Any withdrawals you take from your Annuity (while the benefit is in effect).

At any given time, some, most or none of your Account Value will be allocated to the Bond Sub-account, as dictated by the formula.

How the Formula Operates

Generally, the formula, which is applied each Valuation Day, takes four steps in determining any applicable transfers within your Annuity.


(1)	First, the formula starts by identifying the value of future income payments we expect to pay. We refer to that value as the “Target Value” or “L”.


(2)	Second, we subtract any amounts invested in the Bond Sub-account (“B”) from the Target Value and divide that number by the amount invested in the Permitted Sub-accounts (“V”). We refer to this resulting value as the “Target Ratio” or “R”.


(3)	Third, we compare the Target Ratio to designated thresholds and other rules described in greater detail below to determine if a transfer needs to occur.


(4)	If a transfer needs to occur, we use another calculation to determine the amount of the transfer.

The Formula is:

R = (L - B)/ V

More specifically, the formula operates as follows:


(1)	We calculate the Target Value (L) by multiplying the Income Basis (as defined in Appendix H) for that day by 5% and by the applicable Annuity Factor found in Appendix H. If you have already made a Lifetime Withdrawal, your Target Value would take into account any automatic step-up, any subsequent Purchase Payments and any withdrawals of Excess Income.

Example (assume the Income Basis is $200,000, and the contract is 11 ¹/₂ months old, resulting in an annuity factor of 14.95)

Target Value (L) = $200,000 x 5% x 14.95 = $149,500


(2)	Next, to calculate the Target Ratio (R), the Target Value is reduced by any amount held within the Bond Sub-account (B) on that day. The remaining amount is divided by the amount held within the Permitted Sub-accounts (V).

Example (assume the amount in the Bond Sub-account is zero, and the amount held within the Permitted Sub-accounts is $179,500)

Target Ratio (R) = ($149,500 - 0)/$179,500 = 83.3%

(3)

(4)

The 90% Cap

Monthly Transfers

The amount of the transfer will be equal to the lesser of:


a)	The total value of all your Account Value in the Bond Sub-account, or


b)	An amount equal to 5% of your total Account Value.

Other Important Information


▪	The Bond sub-account is not a Permitted Sub-account. As such, only the formula can transfer Account Value to or from the Bond Sub-account. You may not allocate Purchase Payments or transfer any of your Account Value to or from the Bond Sub-account.

▪


▪	Not make any transfer between the Permitted Sub-accounts and the Bond Sub-account; or


▪	If a portion of your Account Value was previously allocated to the Bond Sub-account, transfer all or a portion of those amounts to the Permitted Sub-accounts (as described above); or


▪	Transfer a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account.


▪	If you make additional Purchase Payments to your Annuity, they will be allocated to the Permitted Sub-accounts and will be subject to the formula.


▪	Additional Purchase Payments to your Annuity do not increase “B” within the formula, and may result in an additional Account Value being transferred to the Permitted Sub-accounts, or a transfer to the Bond Sub-account due to the change in the ratio.

▪

Additional Tax Considerations

As indicated, withdrawals made while this benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Please see “Tax Considerations” for a detailed discussion of the tax treatment of withdrawals. We do not address each potential tax scenario that could arise with respect to this benefit here. However, we do note that if you participate in Highest Daily Lifetime Income v2.1 through a nonqualified annuity, as with all withdrawals, once all Purchase Payments are returned under the Annuity, all subsequent withdrawal amounts will be taxed as ordinary income.

SPOUSAL HIGHEST DAILY LIFETIME ^® INCOME v2.1 WITH HIGHEST ANNUAL DEATH BENEFIT

Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit (“HA DB”) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. This benefit also provides for a highest annual death benefit, subject to the terms of the benefit. We reserve the right, in our sole discretion, to cease offering this benefit for new elections at any time.

We offer a benefit that guarantees, until the death of the Remaining Designated Life (as described below) (the “designated lives”, and each, a “designated life”), the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial principal value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the lives of the designated lives, provided you have not made withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal.” You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income) (“Guarantee Payments”). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue Spousal Highest Daily Lifetime Income v2.1 with HA DB after the death of the first spouse (subject to the provisions below regarding a Remaining Designated Life), and also want to provide a death benefit. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit.

An integral component of Spousal Highest Daily Lifetime Income v2.1 with HA DB is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income v2.1 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime Income v2.1 with HA DB is the spousal version of Highest Daily Lifetime Income v2.1 with HA DB. Spousal Highest Daily Lifetime Income v2.1 is offered with or without the HA DB component; however, you may only elect HA DB with Spousal Highest Daily Lifetime Income v2.1, and you must elect the HA DB benefit at the time you elect Spousal Highest Daily Lifetime Income v2.1. If you elect Spousal Highest Daily Lifetime Income v2.1 without HA DB and would like to add the feature later, you must first terminate Spousal Highest Daily Lifetime Income v2.1 and elect Spousal Highest Daily Lifetime Income v2.1 with HA DB (subject to availability and benefit re-election provisions). Please note that if you terminate Spousal Highest Daily Lifetime Income v2.1 and elect Spousal Highest Daily Lifetime Income v2.1 with HA DB you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. Spousal Highest Daily Lifetime Income v2.1 with HA DB is offered as an alternative to other lifetime withdrawal options. Currently, if you elect Spousal Highest Daily Lifetime Income v2.1 with HA DB and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. See “Termination of Existing Benefits and Election of New Benefits” for details.

Spousal Highest Daily Lifetime Income v2.1 with HA DB must be elected based on two designated lives, as described below. Each designated life must be between the ages of 50 and 79 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime Income v2.1 benefit due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime Income v2.1 with HA DB is not available if you elect any other optional living or death benefit.

As long as your Spousal Highest Daily Lifetime Income v2.1 with HA DB is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any particular withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Spousal Highest Daily Lifetime Income v2.1 with HA DB (including no payment of the Highest Annual Death Benefit). As to the impact of such a scenario on any other optional benefit, please see the following sections in this prospectus: “Highest Daily Lifetime Income v2.1 Benefit”, “Spousal Highest Daily Lifetime Income v2.1 Benefit” and “Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit”.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is only used to calculate the initial Annual Income Amount and the benefit fee. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The Periodic Value on or before the Roll-Up End Date

On any day we recalculate the Periodic Value (a “Current Valuation Day”) that falls on or before the tenth (10^th) anniversary of the benefit effective date (referred to as the “Roll-Up End Date”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

The Periodic Value after the Roll-Up End Date

On any Current Valuation Day that falls after the Roll-Up End Date, the Periodic Value is equal to the greater of:


(1)	the Periodic Value for the Prior Valuation Day, plus the amount of any Purchase Payment made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

Please note that if you elect Spousal Highest Daily Lifetime Income v2.1 with HA DB, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Spousal Highest Daily Lifetime Income v2.1 with HA DB

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the younger spousal designated life on the date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 2.5% for ages 50 to 54; 3% for ages 55 to less than 59 1/2; 3.5% for ages 59 1/2 to 64; 4% for ages 65 to 69; 4.5% for ages 70 to 84; and 5.5% for ages 85 or older. We use the age of the younger designated life. If you elected this benefit and one of the Spousal Designated Lives becomes the Remaining Designated Life, we will continue to use the age of the younger of both the original Spousal Designated Lives for purposes of calculating the applicable Annual Income percentage. Under Spousal Highest Daily Lifetime Income v2.1 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with

our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime Income v2.1 with HA DB and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 2.5% for ages 50 to 54; 3% for ages 55 to less than 59¹/₂; 3.5% for ages 59¹/₂ to 64; 4% for ages 65 to 69; 4.5% for ages 70 to 84; and 5.5% for ages 85 or older), and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment.

While Spousal Highest Daily Lifetime Income v2.1 with HA DB is in effect, we may limit, restrict, suspend or reject any additional Purchase Payment at any time, but would do so on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that, as a result of the timing and amounts of your additional Purchase Payments and Withdrawals, the Annual Income Amount is being increased in an unintended fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s);


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we exercise our right to restrict, suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund your Spousal Highest Daily Lifetime Income v2.1 with HA DB. This means that you may no longer be able to increase the values associated with your Spousal Highest Daily Lifetime Income v2.1 with HA DB through additional Purchase Payments. When you elect this benefit and determine the amount of your Purchase Payment, you should consider the fact that we may suspend, reject or limit additional Purchase Payments at some point in the future.

We will exercise such reservation of right for all annuity purchasers in the same class of annuity in a non-discriminatory manner.

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of this benefit. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the younger spousal designated life on the Annuity Anniversary as of which the step-up would occur. The percentages are 2.5% for ages 50 to 54; 3% for ages 55 to less than 59¹/₂; 3.5% for ages 59¹/₂ to 64; 4% for ages 65 to 69; 4.5% for ages 70 to 84; and 5.5% for ages 85 and older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time of any increase to your Annual Income Amount, we will also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB has changed for new purchasers,

you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

Spousal Highest Daily Lifetime Income v2.1 with HA DB does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime Income v2.1 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Annual Income Amount in any Annuity Year, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules). Because both the Protected Withdrawal Value and Annual Income Amount are determined in a way that is not solely related to Account Value, it is possible for the Account Value to fall to zero, even though the Annual Income Amount remains.

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime Income v2.1 with HA DB or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1


▪	Spousal Highest Daily Lifetime Income v2.1 with HA DB is elected on August 1 of the following calendar year


▪	Both designated lives were 70 years old when they elected Spousal Highest Daily Lifetime Income v2.1 with HA DB


▪	The first withdrawal is a Lifetime Withdrawal

Unless otherwise indicated, it is assumed that all dates referenced hereafter in these examples fall on consecutive business days.

Example of Dollar-for-Dollar Reductions

On October 28, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $5,400 (since the younger designated life is between the ages of 70 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 4.5% of the Protected Withdrawal Value, in this case 4.5% of $120,000). The Highest Annual Death Benefit Amount is $115,420. Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31) is $2,900. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($5,400 less $2,500 = $2,900) and the Highest Annual Death Benefit Amount ($115,420 less $2,500 = $112,920.).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, the Account Value at the time and immediately prior to this withdrawal is $118,000, and the Highest Annual Death Benefit Amount is $112,920. The first $2,900 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0, and reduces the Highest Annual Death Benefit Amount on a dollar-for dollar basis to $110,020. The remaining withdrawal amount of $2,100 reduces the Annual Income Amount in future Annuity Years and the Highest Annual Death Benefit Amount on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount and the Highest Annual Death Benefit Amount).

Here is the calculation:



Annual Income Amount				Highest Annual Death Benefit Amount
Account Value before Lifetime Withdrawal		$118,000.00		Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” Excess Income		$2,900.00		Amount of “non” Excess Income		$2,900.00
Account Value immediately before Excess Income of $2,100		$115,100.00		Account Value immediately before Excess Income of $2,100		$115,100.00
Excess Income amount		$2,100.00		Excess Income amount		$2,100.00
Ratio ($2,100/$115,100 = 1.82%)	1.82		%	Ratio ($2,100/$115,100 = 1.82%)	1.82		%
Annual Income Amount		$5,400.00		HA DB Amount		$110,020.00
1.82% Reduction in Annual Income Amount		$98.28		1.82% Reduction in Annual Income Amount		$2,002.36
Annual Income Amount for future Annuity Years		$5,301.72		Highest Annual Death Benefit Amount		$108,017.64

Example of Highest Daily Auto Step-Up



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


•	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


•	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

•

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


•	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime Income v2.1 with HA DB. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Spousal Highest Daily Lifetime Income v2.1 with HA DB. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Spousal Highest Daily Lifetime Income v2.1 with HA DB. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Highest Annual Death Benefit Amount. It will reduce each value by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the time of the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)


▪	The Issue Date is December 3


▪	Spousal Highest Daily Lifetime Income v2.1 with HA DB is elected on September 4 of the following calendar year


▪	The Account Value at benefit election was $105,000


▪	Each designated life was 70 years old when he/she elected Spousal Highest Daily Lifetime Income v2.1 with HA DB


▪	No previous withdrawals have been taken under Spousal Highest Daily Lifetime Income v2.1 with HA DB

On October 3 of the same year the benefit is elected, the Protected Withdrawal Value is $125,000, the Highest Annual Death Benefit Amount is $115,420, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on that same October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Spousal Highest Daily Lifetime Income v2.1 with HA DB will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000.00
Divided by Account Value before withdrawal		$120,000.00
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375.00
Highest Annual Death Benefit Amount		$100,992.50

Required Minimum Distributions

See the sub-section entitled “Required Minimum Distributions” in the prospectus section above concerning Highest Daily Lifetime Income v2.1 with HA DB for a discussion of the relationship between the RMD amount and the Annual Income Amount.

Highest Annual Death Benefit

A Death Benefit is payable under Spousal Highest Daily Lifetime Income v2.1 with HA DB (until we begin making Guarantee Payments under the benefit or annuity payments have begun) upon the death of the Remaining Designated Life when we receive Due Proof of Death. The Death Benefit is the greatest of: the Minimum Death Benefit (described later in this prospectus) or the Highest Annual Death Benefit Amount described below.

Highest Annual Death Benefit Amount:

On the date you elect Spousal Highest Daily Lifetime Income v2.1 with HA DB, the Highest Annual Death Benefit Amount is equal to your Account Value. On each subsequent Valuation Day, until the date of death of the decedent, the Highest Annual Death Benefit Amount will be the greater of:


(1)	The Account Value on the current Valuation Day; and


(2)	The Highest Annual Death Benefit Amount on the most recent anniversary of the benefit effective date,


▪	increased by any Purchase Payments made since that anniversary and,


▪	reduced by the effect of withdrawals made since that anniversary, as described below.

On each anniversary of the benefit effective date, up to and including the date of death of the Remaining Designated Life, the Highest Annual Death Benefit Amount is compared to the Account Value on that anniversary. If the Account Value is greater than the Highest Annual Death Benefit Amount, the Highest Annual Death Benefit Amount is increased to equal the Account Value.

The Highest Annual Death Benefit will be calculated on the date of death of the Remaining Designated Life and will be:


▪	increased by the amount of any additional Adjusted Purchase Payments, and


▪	reduced by the effect of any withdrawals (as described in the preceding paragraph),

made during the period between the decedent’s date of death and the date we receive Due Proof of Death.

Please note that Highest Annual Death Benefit Amount is available only until we make Guarantee Payments under Spousal Highest Daily Lifetime Income v2.1 with HA DB or annuity payments begin. This means that any withdrawals that reduce your Account Value to zero will also reduce the Highest Annual Death Benefit Amount to zero.

All other provisions applicable to Death Benefits under your Annuity continue to apply. See the “Death Benefits” section of this prospectus for more information pertaining to Death Benefits.

Benefits Under Spousal Highest Daily Lifetime Income v2.1 with HA DB

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and Guarantee Payments amounts are still payable under Spousal Highest Daily Lifetime Income v2.1 with HA DB, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will continue to make payments until the simultaneous deaths of both spousal designated lives, or the death of the Remaining Designated Life. After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Spousal Highest Daily Lifetime Income v2.1 with HA DB terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted.

▪

Please note that if your Account Value is reduced to zero, all subsequent payments will be treated as Guarantee Payments. Further, the Guarantee Payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments. This means that the HA DB is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	Please note that if your Account Value is reduced to zero due to withdrawals or annuitization, any Death Benefit value, including that of the HA DB feature, will terminate and no Death Benefit Amount is payable.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable state required premium tax, to any annuity option available; or

(2)

request that, as of the date annuity payments are to begin, we make annuity payments each year equal to the Annual Income Amount. We will make payments until the death of the Remaining Designated Life We must receive your request in a form acceptable to us at our office. If applying your Account Value, less any applicable tax charges, to our current life only (or joint life, depending on the number of designated lives remaining) annuity payment rates results in a higher annual payment, we will give you the higher annual payment.

▪

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime Income v2.1 with HA DB benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program at the time you elect this benefit, the first systematic withdrawal that processes will be deemed a Lifetime Withdrawal. Withdrawals made while Spousal Highest Daily Lifetime Income v2.1 with HA DB is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to (www.prudentialannuities.com.)


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, to any additional Purchase Payments that are made after the changes have gone into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Sub-accounts and (ii) invest the proceeds of those sales in the Permitted Sub-accounts that you have designated. During this reallocation process, your Account Value allocated to the Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

▪

Any Death Benefit will terminate if withdrawals taken under Spousal Highest Daily Lifetime Income v2.1 with HA DB reduce your Account Value to zero. This means that any Death Benefit, including the HA DB, will terminate and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” for more information.)


▪	Spousal Continuation: If a Death Benefit is not payable on the death of a spousal designated life (e.g., if the first of the spousal designated lives to die is the Beneficiary but not an Owner), Spousal Highest Daily Lifetime Income v2.1 with HA DB will remain in force unless we are instructed otherwise.

Charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB

The current charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB is 1.50% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.375% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Spousal Highest Daily Lifetime Income v2.1 with HA DB would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

Spousal Highest Daily Lifetime Income v2.1 with HA DB can only be elected based on two designated lives. Designated lives must be natural persons who are each other’s spouses at the time of election of the benefit. Currently, Spousal Highest Daily Lifetime Income v2.1 with HA DB only may be elected if the Owner, Annuitant, and Beneficiary designations are as follows:


▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. Each Owner/Annuitant and the Beneficiary must be between 50 – 79 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. Each Owner must be between 50 and 79 years old at the time of election; or

▪

Remaining Designated Life: A Remaining Designated Life must be a natural person and must have been listed as one of the spousal designated lives when the benefit was elected. A spousal designated life will become the Remaining Designated Life on the earlier of the death of the first of the spousal designated lives to die or divorce from the other spousal designated life while the benefit is in effect. That said, if a spousal designated life is removed as Owner, Beneficiary, or Annuitant due to divorce, the other spousal designated life becomes the Remaining Designated Life when we receive notice of the divorce, and any other documentation we require, in Good Order. Any new Beneficiary(ies) named by the Remaining Designated Life will not be a spousal designated life.

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit, however if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. A change in designated lives will result in cancellation of Spousal Highest Daily Lifetime Income v2.1 with HA DB. If the designated lives divorce, Spousal Highest Daily Lifetime Income v2.1 with HA DB may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. The non-owner spouse may then decide whether he or she wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

Spousal Highest Daily Lifetime Income v2.1 with HA DB can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Spousal Highest Daily Lifetime Income v2.1 with HA DB and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Spousal Highest Daily Lifetime Income v2.1 with HA DB, you lose the guarantees that you had accumulated under your existing benefit, and your guarantees under Spousal Highest Daily Lifetime Income v2.1 with HA DB will be based on your Account Value on the effective date of Spousal Highest Daily Lifetime Income v2.1 with HA DB. You and your financial professional should carefully consider whether terminating your existing benefit and electing Spousal Highest Daily Lifetime Income v2.1 with HA DB is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime Income v2.1 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life who is an Owner (or who is the Annuitant if entity-owned), if the Remaining Designated Life elects not to continue the Annuity;


(ii)	upon our receipt of Due Proof of Death of an Owner (or Annuitant if entity-owned) if the surviving spouse is not eligible to continue the benefit because such spouse is not a spousal designated life and there is any Account Value on the date of death;


(iii)	upon our receipt of Due Proof of Death of the Remaining Designated Life if a Death Benefit is payable under this benefit;


(iv)	your termination of the benefit;


(v)	your surrender of the Annuity;


(vi)	when annuity payments begin (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vii)	both the Account Value and Annual Income Amount equal zero due to a withdrawal of Excess Income;


(viii)	you allocate or transfer any portion of your Account Value to any Sub-account(s) to which you are not permitted to electively allocate or transfer Account Value*, or


(ix)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to reallocate amounts to the Permitted Sub-accounts or change your designations, as applicable.

Upon termination of Spousal Highest Daily Lifetime Income v2.1 with HA DB other than upon the death of the Remaining Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and

thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program, transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime Income v2.1 with HA DB Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Additional Tax Considerations

Please see “Additional Tax Considerations” under Highest Daily Lifetime Income v2.1 above.

GUARANTEED RETURN OPTION PLUS II (GRO PLUS II)

GRO Plus II is available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm. Guaranteed Return Option Plus II (GRO Plus II) is a form of “guaranteed minimum accumulation benefit” that guarantees a specified Account Value at one or more dates in the future. If you participate in this benefit, you are subject to the predetermined mathematical formula described below that transfers Account Value between your Sub-accounts and an AST bond portfolio Sub-account.

Under GRO Plus II, we guarantee that on the seventh anniversary of benefit election, and each anniversary thereafter, the Account Value will be not less than the Account Value on the date that the benefit is added to your Annuity (adjusted for subsequent Purchase Payments and withdrawals as detailed below). We refer to this initial guarantee as the “base guarantee.” In addition to the base guarantee, GRO Plus II offers the possibility of an enhanced guarantee. You may “manually” lock in an enhanced guarantee once per “benefit year” (i.e., a year beginning on the date you acquired the benefit and each anniversary thereafter) if your Account Value on that Valuation Day exceeds the amount of any outstanding base guarantee or enhanced guarantee. If you elect to manually lock-in an enhanced guarantee on an anniversary of the effective date of the benefit, that lock-in will not count towards the one elective manual lock-in you may make each benefit year. We guarantee that the Account Value locked-in by that enhanced guarantee will not be any less seven years later, and each anniversary of that date thereafter. In addition, you may elect an automatic enhanced guarantee feature under which, if your Account Value on a benefit anniversary exceeds the highest existing guarantee by 7% or more, we guarantee that such Account Value will not be any less seven benefit anniversaries later and each benefit anniversary thereafter. You may maintain only one enhanced guarantee in addition to your base guarantee. Thus, when a new enhanced guarantee is created, it cancels any existing enhanced guarantee. However, the fact that an enhanced guarantee was effected automatically on a benefit anniversary does not prevent you from “manually” locking-in an enhanced guarantee during the ensuing benefit year. In addition, the fact that you “manually” locked in an enhanced guarantee does not preclude the possibility of an automatic enhanced guarantee on the subsequent benefit anniversary. Please note that upon creation of a new enhanced guarantee, an immediate transfer to an AST bond portfolio Sub-account (which is used as part of this benefit) may occur depending on the discount rate (as described below) used to determine the present value of each of your guarantees. You may elect to terminate an enhanced guarantee without also terminating the base guarantee. If you do, any amounts held in the AST bond portfolio Sub-account (which is used as part of this benefit) with respect to that enhanced guarantee will be transferred to your other Sub-accounts in accordance with your most recent allocation instructions, and if none exist, then pro rata to your variable Sub-accounts (see below “Key Feature – Allocation of Account Value”). Amounts held in an AST bond portfolio Sub-account with respect to the base guarantee will not be transferred as a result of the termination of an enhanced guarantee. You may not lock in an enhanced guarantee, either manually or through our optional automatic program, within seven years prior to the Latest Annuity Date (please see “Annuity Options” for further information). This also applies to a new Owner who has acquired the Annuity from the original Owner.

In this section, we refer to a date on which the Account Value is guaranteed to be present as the “maturity date”. If the Account Value on the maturity date is less than the guaranteed amount, we will contribute funds from our general account to bring your Account Value up to the guaranteed amount. If the maturity date is not a Valuation Day, then we would contribute such an amount on the next Valuation Day. We will allocate any such amount to each Sub-account (other than the AST bond portfolio Sub-account used with this benefit and described below) in accordance with your most recent allocation instructions, which means: a) the Custom Portfolios Program or, b) if you are not participating in this program, then such amounts will be allocated to your Sub-accounts on a pro rata basis. Regardless of whether we need to contribute funds at the end of a Guarantee Period, we will at that time transfer all amounts held within the AST bond portfolio Sub-account associated with the maturing guarantee in accordance with your most recent allocation instructions, which means: a) the Custom Portfolios Program or, b) if you are not participating in this program, then such amounts will be allocated to your Sub-accounts on a pro rata basis. If the former (i.e., an asset allocation program), your Account Value will be transferred according to the program.

Any addition or transferred amount may be subsequently re-allocated based on the predetermined mathematical formula described below.

The guarantees provided by the benefit exist only on the applicable maturity date(s). However, due to the ongoing monitoring of your Account Value, and the transfer of Account Value to support your future guarantees, the benefit may provide some protection from significant Sub-account losses. For this same reason, the benefit may limit your ability to benefit from Sub-account increases while it is in effect.

We increase both the base guarantee and any enhanced guarantee by the amount of each Purchase Payment (including any associated Purchase Credits) made subsequent to the date that the guarantee was established. For example, if the effective date of the benefit was January 3, 2011 and the Account Value was $100,000 on that date, then a $30,000 Purchase Payment made on March 30, 2012 would increase the base guarantee amount to $130,000.

If you make a withdrawal (including any CDSC), we effect a proportional reduction to each existing guarantee amount. We calculate a proportional reduction by reducing each existing guarantee amount by the percentage represented by the ratio of the withdrawal amount (including any CDSC) to your Account Value immediately prior to the withdrawal.

If you make a withdrawal, we will deduct the withdrawal amount pro rata from each of your Sub-accounts (including the AST bond portfolio Sub-account used with this benefit).

EXAMPLE

Assume the following:


▪	The Issue Date is December 1, 2010


▪	The benefit is elected on December 1, 2010


▪	The Account Value on December 1, 2010 is $200,000, which results in a base guarantee of $200,000


▪	An enhanced guarantee amount of $350,000 is locked in on December 1, 2011


▪	The Account Value immediately prior to the withdrawal is equal to $380,000


▪	For purposes of simplifying these assumptions, we assume hypothetically that no CDSC is applicable (in general, a CDSC could be inapplicable based on the Free Withdrawal provision if the withdrawal was within the CDSC period, and would be inapplicable to the C Series)

If a withdrawal of $50,000 is taken on December 15, 2011, all guarantee amounts will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation (figures are rounded):



Withdrawal Amount		$50,000
Divided by Account Value before withdrawal		$380,000
Equals ratio	13.16		%
All guarantees will be reduced by the above ratio (13.16%)
Base guarantee amount		$173,680
Enhanced guarantee amount		$303,940

Key Feature – Allocation of Account Value For GRO Plus II (and Highest Daily GRO II, if elected prior to July 16, 2010)

We limit the Sub-accounts to which you may allocate Account Value if you elect GRO Plus II or Highest Daily GRO II (HD GRO II) (see below for information pertaining to HD GRO II). For purposes of these benefits, we refer to those permitted Investment Options (other than the required bond portfolio Sub-accounts discussed below) as the “Permitted Sub-accounts.”

GRO Plus II and HD GRO II use a predetermined mathematical formula to help us manage your guarantees through all market cycles. The formula applicable to you may not be altered once you elect the benefit. However, subject to regulatory approval, we do reserve the right to amend the formula for newly-issued Annuities that elect or re-elect GRO Plus II and HD GRO II and for existing Annuities that elect the benefit post-issue. This required formula helps us manage our financial exposure under GRO Plus II and HD GRO II, by moving assets out of certain Sub-accounts if dictated by the formula (see below). In essence, we seek to preserve Account Value, by transferring them to a more stable option (i.e., one or more specified bond Portfolios of Advanced Series Trust). We refer to the Sub-accounts corresponding to these bond Portfolios collectively as the “AST bond portfolio Sub-accounts”. The formula also contemplates the transfer of Account Value from an AST bond portfolio Sub-account to the other Sub-accounts. Because these restrictions and the use of the formula lessen the likelihood that your Account Value will be reduced below the base and/or enhanced guarantee(s), they also reduce the likelihood that we will make any payments under this benefit. They may also limit your upside potential for growth. The formula is set forth in Appendix F of this prospectus. A summary description of each AST bond portfolio Sub-account appears within the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST bond portfolio prospectus by going to www.prudentialannuities.com .

For purposes of operating the formula applicable to GRO Plus II and HD GRO II, we have included within this Annuity several AST bond portfolio Sub-accounts. Each AST bond portfolio is unique, in that its underlying investments generally mature at different times. For example, there would be an AST bond portfolio whose underlying investments generally mature in 2020, an AST bond portfolio whose underlying investments generally mature in 2021, and so forth. As discussed below, the formula determines the appropriate AST bond portfolio Sub-account to which Account Value is transferred. We will introduce new AST bond portfolio Sub-accounts in subsequent years, to correspond generally to the length of new guarantee

periods that are created under this benefit (and the Highest Daily GRO II benefit). If you have elected GRO Plus II or HD GRO II, you may have Account Value allocated to an AST bond portfolio Sub-account only by operation of the formula, and thus you may not allocate Purchase Payments to or make transfers to or from an AST bond portfolio Sub-account.

Although we employ several AST bond portfolio Sub-accounts for purposes of the benefit, the formula described in the next paragraph operates so that your Account Value may be allocated to only one AST bond portfolio Sub-account at one time. The formula determines the appropriate AST Bond Portfolio Sub-account to which Account Value is transferred. On any day a transfer into or out of the AST bond portfolio Sub-account is made the formula may dictate that a transfer out of one AST bond portfolio Sub-account be made into another AST bond portfolio Sub-account. Any transfer into an AST bond portfolio Sub-account will be directed to the AST bond portfolio Sub-account associated with the “current liability”, as described below. As indicated, the formula and AST bond portfolio Sub-accounts are employed with this benefit to help us mitigate the financial risks under our guarantee. Thus, the formula applicable to you under the benefit determines which AST bond portfolio Sub-account your Account Value is transferred to, and under what circumstances a transfer is made. Please note that upon creation of a new enhanced guarantee, an immediate transfer to the AST Bond Portfolio Sub-account associated with the “current liability” may occur, depending on the discount rate (as described in the next paragraph) used to determine the present value of each of your guarantees. As such, a low discount rate could cause a transfer of Account Value into an AST bond portfolio Sub-account, despite the fact that your Account Value had increased.

In general, the formula works as follows. On each Valuation Day, the formula automatically performs an analysis with respect to each guarantee that is outstanding. For each outstanding guarantee, the formula begins by determining the present value on that Valuation Day that, if appreciated at the applicable “discount rate”, would equal the applicable guarantee amount on the maturity date. As detailed in the formula, the discount rate is an interest rate determined by taking a benchmark index used within the financial services industry and then reducing that interest rate by a prescribed adjustment. Once selected, we do not change the applicable benchmark index (although we do reserve the right to use a new benchmark index if the original benchmark is discontinued). The greatest of each such present value is referred to as the “current liability” in the formula. The formula compares the current liability to the amount of your Account Value held within the AST bond portfolio Sub-account and to your Account Value held within the Permitted Sub-accounts. If the current liability, reduced by the amount held within the AST bond portfolio Sub-account, and divided by the amount held within the Permitted Sub-accounts, exceeds an upper target value (currently, 85%), then the formula will make a transfer into the AST bond portfolio Sub-account, in the amount dictated by the formula (subject to the 90% cap discussed below). If the current liability, reduced by the amount held within the AST bond portfolio Sub-account, and divided by the amount within the Permitted Sub-accounts, is less than a lower target value (currently, 79%), then the formula will transfer Account Value from the AST bond portfolio Sub-account into the Permitted Sub-accounts, in the amount dictated by the formula.

The formula will not execute a transfer to the AST bond portfolio Sub-account that results in more than 90% of your Account Value being allocated to the AST bond portfolio Sub-account (“90% cap”). Thus, on any Valuation Day, if the formula would require a transfer to the AST bond portfolio Sub-account that would result in more than 90% of the Account Value being allocated to the AST bond portfolio Sub-account, only the amount that results in exactly 90% of the Account Value being allocated to the AST bond portfolio Sub-account will be transferred. Additionally, future transfers into the AST bond portfolio Sub-account will not be made (regardless of the performance of the AST bond portfolio Sub-account and the Permitted Sub-accounts) at least until there is first a transfer out of the AST bond portfolio Sub-account. Once this transfer occurs out of the AST bond portfolio Sub-account, future amounts may be transferred to or from the AST bond portfolio Sub-account if dictated by the formula (subject to the 90% cap). At no time will the formula make a transfer to the AST bond portfolio Sub-account that results in greater than 90% of your Account Value being allocated to the AST bond portfolio Sub-account. However, it is possible that, due to the investment performance of your allocations in the AST bond portfolio Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the AST bond portfolio Sub-account. If you make additional Purchase Payments to your Annuity while the 90% cap is in effect, the formula will not transfer any of such additional Purchase Payments to the AST bond portfolio Sub-account at least until there is first a transfer out of the AST bond portfolio Sub-account, regardless of how much of your Account Value is in the Permitted Sub-accounts. This means that there could be scenarios under which, because of the additional Purchase Payments you make, less than 90% of your entire Account Value is allocated to the AST bond portfolio Sub-account, and the formula will still not transfer any of your Account Value to the AST bond portfolio Sub-account (at least until there is first a transfer out of the AST bond portfolio Sub-account).

For example,


▪	March 17, 2011 – a transfer is made to the AST bond portfolio Sub-account that results in the 90% cap being met and now $90,000 is allocated to the AST bond portfolio Sub-account and $10,000 is allocated to the Permitted Sub-accounts.


▪	March 18, 2011 – you make an additional Purchase Payment of $10,000. No transfers have been made from the AST bond portfolio Sub-account to the Permitted Sub-accounts since the cap went into effect on March 17, 2011.

▪

On March 18, 2011 (and at least until first a transfer is made out of the AST bond portfolio Sub-account under the formula) – the $10,000 payment is allocated to the Permitted Sub-accounts and on this date you have 82% in the AST bond portfolio Sub-account and 18% in the Permitted Sub-accounts (such that $20,000 is allocated to the Permitted Sub-accounts and $90,000 to the AST bond portfolio Sub-account).


▪	Once there is a transfer out of the AST bond portfolio Sub-account (of any amount), the formula will operate as described above, meaning that the formula could transfer amounts to or from the AST bond portfolio Sub-account if dictated by the formula (subject to the 90% cap).

Under the operation of the formula, the 90% cap may come into and out of effect multiple times while you participate in the benefit. We will continue to monitor your Account Value daily and, if dictated by the formula, systematically transfer amounts between the Permitted Sub-accounts you have chosen and the AST bond portfolio Sub-account as dictated by the formula.

As discussed above, each Valuation Day, the formula analyzes the difference between your Account Value and your guarantees, as well as how long you have owned the benefit, and determines if any portion of your Account Value needs to be transferred into or out of the AST bond portfolio Sub-accounts. Therefore, at any given time, some, none, or most of your Account Value may be allocated to the AST bond portfolio Sub-accounts.

Each market cycle is unique, therefore the performance of your Sub-accounts, and its impact on your Account Value, will differ from market cycle to market cycle producing different transfer activity under the formula. The amount and timing of transfers to and from the AST bond portfolio Sub-accounts pursuant to the formula depend on various factors unique to your Annuity and are not necessarily directly correlated with the securities markets, bond markets, interest rates or any other market or index. Some of the factors that determine the amount and timing of transfers (as applicable to your Annuity), include:


▪	The difference between your Account Value and your guarantee amount(s);


▪	The amount of time until the maturity of your guarantee(s);


▪	The amount invested in, and the performance of, the Permitted Sub-accounts;


▪	The amount invested in, and the performance of, the AST bond portfolio Sub-accounts;


▪	The discount rate used to determine the present value of your guarantee(s);


▪	Additional Purchase Payments, if any, that you make to the Annuity; and


▪	Withdrawals, if any, taken from the Annuity.

Any amounts invested in the AST bond portfolio Sub-accounts will affect your ability to participate in a subsequent market recovery within the Permitted Sub-accounts. Conversely, the Account Value may be higher at the beginning of the market recovery, e.g. more of the Account Value may have been protected from decline and volatility than it otherwise would have been had the benefit not been elected. The AST bond portfolio Sub-accounts are available only with certain optional living benefits, and you may not allocate Purchase Payments to or transfer Account Value to or from the AST bond portfolio Sub-accounts.

Transfers under the formula do not impact any guarantees under the benefit that have already been locked-in.

Election/Cancellation of the Benefit

GRO Plus II is available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm. GRO Plus II can be elected on any Valuation Day as long as the benefit is available, provided that your Account Value is allocated in a manner permitted with the benefit and that you otherwise meet our eligibility rules. You may elect GRO Plus II only if the oldest of the Owner and Annuitant is 84 or younger on the date of election. GRO Plus II is not available if you participate in any other optional living benefit. However, GRO Plus II may be elected together with any optional death benefit.

GRO Plus II will terminate automatically upon: (a) the death of the Owner or the Annuitant (in an entity-owned contract), unless the Annuity is continued by the surviving spouse; (b) as of the date Account Value is applied to begin annuity payments; (c) as of the anniversary of benefit election that immediately precedes the contractually-mandated latest Annuity date, or (d) upon full surrender of the Annuity. If you elect to terminate the benefit, GRO Plus II will no longer provide any guarantees. The charge for the GRO Plus II benefit will no longer be deducted from your Account Value upon termination of the benefit.

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Investment Options and (ii) invest the proceeds of those sales in the permitted Investment Options that you have designated. During this reallocation process, your Account Value allocated to the Sub-accounts will remain exposed to investment risk, as is the case generally. The protection afforded by the newly-elected benefit will not arise until the close of business on the following Valuation Day.

If you wish, you may cancel the GRO Plus II benefit. You may also cancel an enhanced guarantee, but leave the base guarantee intact. Upon cancellation, you may elect any other currently available living benefit on any Valuation Day after you have cancelled the GRO Plus II benefit, provided that your Account Value is allocated in a manner permitted with that new benefit and that you otherwise meet our eligibility rules. Upon cancellation of the GRO Plus II benefit, any Account Value allocated to the AST bond portfolio Sub-account used with the formula will be reallocated to the Permitted Sub-accounts according to your most recent allocation instructions or, in absence of such instructions, pro rata (i.e., in direct proportion to your current allocations). Upon your re-election of GRO Plus II, Account Value may be transferred between the AST bond portfolio Sub-accounts and the Permitted Sub-accounts according to the predetermined mathematical formula (see “Key Feature – Allocation of Account Value” above for more details). You also should be aware that upon cancellation of the GRO Plus II benefit, you will lose all guarantees that you had accumulated under the benefit. Thus, the guarantees under any newly-elected benefit will be based on your current Account Value at benefit effectiveness. The benefit you elect or re-elect may be more expensive than the benefit you cancel. Once the GRO Plus II benefit is canceled you are not required to re-elect another optional living benefit and any subsequent benefit election may be made on or after the first Valuation Day following the cancellation of the GRO Plus II benefit provided that the benefit you are looking to elect is available at that time and on a post-issue basis.

Special Considerations under GRO Plus II

This benefit is subject to certain rules and restrictions, including, but not limited to the following:


▪	Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. The Permitted Sub-accounts are those described in the Investment Option section of this prospectus.


▪	Transfers as dictated by the formula will not count toward the maximum number of free transfers allowable under the Annuity.


▪	Any amounts applied to your Account Value by us on a maturity date will not be treated as “investment in the contract” for income tax purposes.

▪

Only systematic withdrawal programs in which amounts withdrawn are being taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) will be permitted if you participate in GRO Plus II. Thus, you may not elect GRO Plus II so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata. Similarly, if you currently participate in GRO Plus II, we will allow you to add a systematic withdrawal program only if withdrawals under the program are to be taken pro rata.


▪	As the time remaining until the applicable maturity date(s) gradually decreases, the benefit may become increasingly sensitive to moves to an AST bond portfolio Sub-account.

Charges under the Benefit

We deduct an annualized charge equal to 0.60% of the daily net assets of the Sub-accounts (including any AST bond portfolio Sub-account) for participation in the GRO Plus II benefit. The annualized charge is deducted daily. The charge is deducted to compensate us for: (a) the risk that your Account Value on a maturity date is less than the amount guaranteed and (b) administration of the benefit. You will begin paying this charge as of the effective date of the benefit. We will not refund the charges you have paid even if we never have to make any payments under the benefit.

HIGHEST DAILY ^® GUARANTEED RETURN OPTION II (HD GRO II)

HD GRO II is available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm. Highest Daily Guaranteed Return Option II (HD ^® GRO II) is a form of “guaranteed minimum accumulation benefit” that guarantees a specified Account Value at one or more dates in the future. If you participate in this benefit, you are subject to a predetermined mathematical formula that transfers Account Value between your Sub-accounts and an AST bond portfolio Sub-account.

HD GRO II creates a series of separate guarantees, each of which is based on the highest Account Value attained on a day during the applicable time period. As each year of your participation in the benefit passes, we create a new guarantee. Each guarantee then remains in existence until the date on which it matures (unless the benefit terminates sooner). We refer to each date on which the specified Account Value is guaranteed as the “maturity date” for that guarantee. HD GRO II will not create a guarantee if the maturity date of that guarantee would extend beyond the Latest Annuity Date. This is true even with respect to a new Owner who has acquired the Annuity from the original Owner.

The initial guarantee is created on the day that the HD GRO II benefit is added to your Annuity. We guarantee that your Account Value on the tenth anniversary of that day (we refer to each such anniversary as a “benefit anniversary”) will not be less than your Account Value on the day that the HD GRO II benefit was added or re-added to your Annuity. Each benefit anniversary thereafter, we create a new guarantee. With respect to each such subsequent guarantee, we identify the highest Account Value that occurred between the date of that benefit anniversary and the date on which HD GRO II was added to your Annuity. We guarantee that your Account Value ten years after that benefit anniversary will be no less than the highest daily Account Value (adjusted for Purchase Payments and withdrawals, as described below) that occurred during that time period. The following example illustrates the time period over which we identify the highest daily Account Value for purposes of each subsequent guarantee under the benefit. If the date of benefit election were January 6, 2011, we would create a guarantee on January 6 of each subsequent year. For example, we would create a guarantee on January 6, 2015 based on the highest Account Value occurring between January 6, 2011 and January 6, 2015, and that guarantee would mature on January 6, 2025. As described below, we adjust each of the guarantee amounts for Purchase Payments (and any associated Purchase Credits) and withdrawals.

If the Account Value on the maturity date is less than the guaranteed amount, we will contribute funds from our general account to bring your Account Value up to the guaranteed amount. If the maturity date is not a Valuation Day, then we would contribute such an amount on the next Valuation Day. We will allocate any such amount to each Sub-account (other than the AST bond portfolio Sub-account used with this benefit and described below) in accordance with your most recent allocations instructions. Regardless of whether we need to contribute funds at the end of a guarantee period, we will at that time transfer all amounts held within the AST bond portfolio Sub-account associated with the maturing guarantee to your other Sub-accounts on a pro rata basis, unless your Account Value is either (1) being allocated according to an asset allocation program or (2) at that time allocated entirely to an AST bond portfolio Sub-account. If the former (i.e., an asset allocation program), your Account Value will be transferred according to the program. If the latter (i.e., an AST bond portfolio Sub-account), then your Account Value will be transferred to the Sub-accounts permitted with this benefit according to your most recent allocation instructions. Any addition or transferred amount may subsequently be re-allocated based on the predetermined mathematical formula described below.

We increase the amount of each guarantee that has not yet reached its maturity date, as well as the highest daily Account Value that we calculate to establish a guarantee, by the amount of each subsequent Purchase Payment (including any associated Purchase Credits) made prior to the applicable maturity date. For example, if the effective date of the benefit was January 4, 2011, and there was an initial guaranteed amount that was set at $100,000 maturing January 4, 2021, and a second guaranteed amount that was set at $120,000 maturing January 4, 2022, then a $30,000 Purchase Payment made on March 30, 2012 would increase the guaranteed amounts to $130,000 and $150,000, respectively.

If you make a withdrawal, we will deduct the withdrawal amount pro rata from each of your Sub-accounts (including the AST bond portfolio Sub-account used with this benefit).

EXAMPLE

Assume the following:


▪	The Issue Date is December 1, 2010


▪	The benefit is elected on December 1, 2010


▪	The Account Value on December 1, 2010 is $200,000, which results in an initial guarantee of $200,000


▪	An additional guarantee amount of $350,000 is locked in on December 1, 2011


▪	The Account Value immediately prior to the withdrawal is equal to $380,000


▪	For purposes of simplifying these assumptions, we assume hypothetically that no CDSC is applicable (in general, a CDSC could be inapplicable based on the Free Withdrawal provision if the withdrawal was within the CDSC period, and would be inapplicable to the C Series)

If a withdrawal of $50,000 is taken on December 15, 2011, all guarantee amounts will be reduced by the ratio of the total withdrawal amount the Account Value just prior to the withdrawal being taken.

Here is the calculation (figures are rounded):



Withdrawal Amount		$50,000
Divided by Account Value before withdrawal		$380,000
Equals ratio	13.16		%
All guarantees will be reduced by the above ratio (13.16%)
Initial guarantee amount		$173,680
Additional guarantee amount		$303,940

Key Feature – Allocation of Account Value

We limit the Sub-accounts to which you may allocate Account Value if you elect HD GRO II. For purposes of this benefit, we refer to those permitted investment options (other than the AST bond portfolio used with this benefit) as the “Permitted Sub-accounts”.

HD GRO II uses a predetermined mathematical formula to help manage your guarantees through all market cycles. The formula applicable to you may not be altered once you elect the benefit. However, subject to regulatory approval, we do reserve the right to amend the formula for newly-issued Annuities that elect or re-elect the benefit and for existing Annuities that elect the benefit post-issue. This required formula helps us manage our financial exposure under HD GRO II, by moving assets out of certain Sub-accounts if dictated by the formula (see below). In essence, we seek to preserve Account Value, by transferring it to a more stable option (i.e., one or more specified bond Portfolios of Advanced Series Trust). We refer to the Sub-accounts corresponding to these bond Portfolios collectively as the “AST bond portfolio Sub-accounts”. The formula also contemplates the transfer of Account Value from an AST bond portfolio Sub-account to the other Sub-accounts. Because these restrictions and the use of the formula lessen the likelihood that your Account Value will be reduced below the base and/or enhanced guarantee(s), they also reduce the likelihood that we will make any payments under this benefit. They may also limit your upside potential for growth. The formula is set forth in Appendix G of this prospectus. A summary description of each AST bond portfolio Sub-account appears within the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST bond portfolio prospectus by going to www.prudentialannuities.com .

For purposes of operating the HD GRO II formula, we have included within each Annuity several AST bond portfolio Sub-accounts. Each AST bond portfolio is unique, in that its underlying investments generally mature at different times. For example, there would be an AST bond portfolio whose underlying investments generally mature in 2020, an AST bond portfolio whose underlying investments generally mature in 2021, and so forth. As discussed below, the formula determines the appropriate AST bond portfolio Sub-account to which Account Value is transferred. We will introduce new AST bond portfolio Sub-accounts in subsequent years, to correspond generally to the length of new guarantee periods that are created under this benefit. If you have elected HD GRO II, you may have Account Value allocated to an AST bond portfolio Sub-account only by operation of the formula, and thus you may not allocate Purchase Payments to or make transfers to or from an AST bond portfolio Sub-account.

In general, the formula works as follows. Under the formula, Account Value will transfer between the “Permitted Sub-accounts” and an AST bond portfolio Sub-account when dictated by the pre-determined mathematical formula. On each Valuation Day, including the effective date of the benefit, the pre-determined mathematical formula is used to compare your Account Value to an amount based on the guarantees provided under the benefit. The formula determines whether a transfer occurs based, among other things, on an identification of the outstanding guarantee that has the largest present value. Based on the formula, a determination is made as to whether any portion of your Account Value is to be transferred to or from the AST bond portfolio Sub-account. In identifying those guarantees, we consider each guarantee that already has been set (i.e., on a benefit anniversary), as well as an amount that we refer to as the “Projected Future Guarantee.” The “Projected Future Guarantee” is an amount equal to the highest Account Value (adjusted for withdrawals, additional Purchase Payments, and any associated Credits as described in the section of the prospectus concerning HD GRO II) within the current benefit year that would result in a new guarantee. For the Projected Future Guarantee, the assumed guarantee period begins on the current Valuation Day and ends 10 years from the next anniversary of the effective date of the benefit. As such, a Projected Future Guarantee could cause a transfer of Account Value into an AST bond portfolio Sub-account. We only calculate a Projected Future Guarantee if the assumed guarantee period associated with that Projected Future Guarantee does not extend beyond the latest Annuity Date applicable to the Annuity. The amount that is transferred to and from the AST bond portfolio Sub-accounts pursuant to the formula depends upon the factors set forth in the seven bullet points below, some of which relate to the guarantee amount(s), including the Projected Future Guarantee.

For each outstanding guarantee and the Projected Future Guarantee, the formula begins by determining the present value on that Valuation Day that, if appreciated at the applicable “discount rate”, would equal the applicable guarantee amount on the Maturity Date. As detailed in the formula, the discount rate is an interest rate determined by taking a benchmark index used within the financial services industry and then reducing that interest rate by a prescribed adjustment. Once selected, we do not change the applicable benchmark index (although we do reserve the right to use a new benchmark index if the original benchmark is discontinued). The greatest of each such present value is referred to as the “current liability” in the formula. The formula compares the current liability to the amount of your Account Value held within the AST bond portfolio Sub-account and to your Account Value held within the Permitted Sub-accounts. If the current liability, reduced by the amount held within the AST bond portfolio Sub-account, and divided by the amount held within the Permitted Sub-accounts, exceeds an upper target value (currently, 85%), then the formula will make a transfer into the AST bond portfolio Sub-account, in the amount dictated by the formula (subject to the 90% cap feature discussed below). If the current liability, reduced by the amount held within the AST bond portfolio Sub-account, and divided by the amount within the Permitted Sub-accounts, is less than a lower target value (currently, 79%), then the formula will transfer Account Value from the AST bond portfolio Sub-account into the Permitted Sub-accounts, in the amount dictated by the formula.

The formula will not execute a transfer to the AST bond portfolio Sub-account that results in more than 90% of your Account Value being allocated to the AST bond portfolio Sub-account (“90% cap”). Thus, on any Valuation Day, if the formula would require a transfer to the AST bond portfolio Sub-account that would result in more than 90% of the Account Value being allocated to the AST bond portfolio Sub-account, only the amount that results in exactly 90% of the Account Value being allocated to the AST bond portfolio Sub-account will be transferred. Additionally, future transfers into the AST bond portfolio Sub-account will not be made (regardless of the performance of the AST bond portfolio Sub-account and the Permitted Sub-accounts) at least until there is first a transfer out of the AST bond portfolio Sub-account. Once this transfer occurs out of the AST bond portfolio Sub-account, future amounts may be transferred to or from the AST bond portfolio Sub-account if dictated by the formula (subject to the 90% cap feature). At no time will the formula make a transfer to the AST bond portfolio Sub-account that results in greater than 90% of your Account Value being allocated to the AST bond portfolio Sub-account. However, it is possible that, due to the investment performance of your allocations in the AST bond portfolio Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the AST bond portfolio Sub-account. If you make additional Purchase Payments to your Annuity while the 90% cap is in effect, the formula will not transfer any of such additional Purchase Payments to the AST bond portfolio Sub-account at least until there is first a transfer out of the AST bond portfolio Sub-account, regardless of how much of your Account Value is in the Permitted Sub-accounts. This means that there could be scenarios under which, because of the additional Purchase Payments you make, less than 90% of your entire Account Value is allocated to the AST bond portfolio Sub-account, and the formula will still not transfer any of your Account Value to the AST bond portfolio Sub-account (at least until there is first a transfer out of the AST bond portfolio Sub-account).

For example,


▪	March 17, 2011 – a transfer is made to the AST bond portfolio Sub-account that results in the 90% cap being met and now $90,000 is allocated to the AST bond portfolio Sub-account and $10,000 is allocated to the Permitted Sub-accounts.


▪	March 18, 2011 – you make an additional Purchase Payment of $10,000. No transfers have been made from the AST bond portfolio Sub-account to the Permitted Sub-accounts since the cap went into effect on March 17, 2011.

▪


▪	Once there is a transfer out of the AST bond portfolio Sub-account (of any amount), the formula will operate as described above, meaning that the formula could transfer amounts to or from the AST bond portfolio Sub-account if dictated by the formula (subject to the 90% cap feature).

As discussed above, each Valuation Day, the formula analyzes the difference between your Account Value and your guarantees as well as how long you have owned the benefit, and determines if any portion of your Account Value needs to be transferred into or out of the AST bond portfolio Sub-accounts. Therefore, at any given time, some, none, or most of your Account Value may be allocated to the AST bond portfolio Sub-accounts.


▪	The difference between your Account Value and your guarantee amount(s);


▪	The amount of time until the maturity of your guarantee(s);


▪	The amount invested in, and the performance of, the Permitted Sub-accounts;


▪	The amount invested in, and the performance of, the AST bond portfolio Sub-accounts;


▪	The discount rate used to determine the present value of your guarantee(s);


▪	Additional Purchase Payments, if any, that you make to the Annuity; and


▪	Withdrawals, if any, taken from the Annuity.

Transfers under the formula do not impact any guarantees under the benefit that have already been locked-in.

Election/Cancellation of the Benefit

HD GRO II is available only for Annuities issued with an application signed prior to January 24, 2011, subject to availability which may vary by firm. HD GRO II can be elected on any Valuation Day as long as the benefit is available, provided that your Account Value is allocated in a manner permitted with the benefit and you otherwise meet our eligibility requirements. You may elect HD GRO II only if the oldest of the Owner and Annuitant is 84 or younger on the date of election. If you currently participate in a living benefit that may be cancelled, you may terminate that benefit at any time and elect HD GRO II. However you will lose all guarantees that you had accumulated under the previous benefit. The initial guarantee under HD GRO II will be based on your current Account Value at the time the new benefit becomes effective on your Annuity. HD GRO II is not available if you participate in any other living benefit. However, HD GRO II may be elected together with any optional death benefit.

HD GRO II will terminate automatically upon: (a) the death of the Owner or the Annuitant (in an entity-owned Annuity), unless the Annuity is continued by the surviving spouse; (b) as of the date Account Value is applied to begin annuity payments; (c) as of the anniversary of benefit election that immediately precedes the contractually-mandated latest annuity date, or (d) upon full surrender of the Annuity. If you elect to terminate the benefit, HD GRO II will no longer provide any guarantees. The charge for the HD GRO II benefit will no longer be deducted from your Account Value upon termination of the benefit.

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the non-permitted Investment Options and (ii) invest the proceeds of those sales in the permitted Investment Options that you have designated. During this reallocation process, your Account Value allocated to the Permitted Sub-accounts will remain exposed to investment risk, as is the case generally. The protection afforded by the newly-elected benefit will not arise until the close of business on the following Valuation Day.

If you wish, you may cancel the HD GRO II benefit. You may then elect any other currently available living benefit on any Valuation Day after you have cancelled the HD GRO II benefit, provided that your Account Value is allocated in the manner permitted with that new benefit and you otherwise meet our eligibility requirements. Upon cancellation of the HD GRO II benefit, any Account Value allocated to the AST bond portfolio Sub-accounts used with the formula will be reallocated to the Permitted Sub-accounts according to your most recent allocation instructions or, in

absence of such instructions, pro rata (i.e., in direct proportion to your current allocations). Upon your re-election of HD GRO II, Account Value may be transferred between the AST bond portfolio Sub-accounts and the other Sub-accounts according to the predetermined mathematical formula (see “Key Feature – Allocation of Account Value” section for more details). You also should be aware that upon cancellation of the HD GRO II benefit, you will lose all guarantees that you had accumulated under the benefit. Thus, the guarantees under your newly-elected benefit will be based on your current Account Value at the time the new benefit becomes effective. The benefit you elect or re-elect may be more expensive than the benefit you cancel.

Special Considerations under HD GRO II

This benefit is subject to certain rules and restrictions, including, but not limited to the following:


▪	Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. The Permitted Sub-accounts are those described in the Investment Option section. Transfers as dictated by the formula will not count toward the maximum number of free transfers allowable under the Annuity.


▪	Any amounts applied to your Account Value by us on a maturity date will not be treated as “investment in the contract” for income tax purposes.


▪	As the time remaining until the applicable maturity date gradually decreases, the benefit may become increasingly sensitive to moves to an AST bond portfolio Sub-account.

▪

Only systematic withdrawal programs in which amounts withdrawn are being taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) will be permitted if you participate in HD GRO II. Thus, you may not elect HD GRO II so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata. Similarly, if you currently participate in HD GRO II, we will allow you to add a systematic withdrawal program only if withdrawals under the program are to be taken pro rata.

Charges under the Benefit

We deduct an annualized charge equal to 0.60% of the daily net assets of the Sub-accounts (including any AST bond portfolio Sub-account) for participation in the HD GRO II benefit. The annualized charge is deducted daily. The charge is deducted to compensate us for: (a) the risk that your Account Value on the maturity date is less than the amount guaranteed and (b) administration of the benefit. You will begin paying this charge as of the effective date of the benefit. We will not refund the charges you have paid even if we never have to make any payments under the benefit.

DEATH BENEFITS

TRIGGERS FOR PAYMENT OF THE DEATH BENEFIT

Each Annuity provides a Death Benefit prior to Annuitization. If the Annuity is owned by one or more natural persons, the Death Benefit is payable upon the death of the Owner (or the first to die, if there are multiple Owners). If an Annuity is owned by an entity, the Death Benefit is payable upon the Annuitant's death if there is no Contingent Annuitant. Generally, if a Contingent Annuitant was designated before the Annuitant's death and the Annuitant dies, then the Contingent Annuitant becomes the Annuitant and a Death Benefit will not be paid upon the Annuitant's death. The person upon whose death the Death Benefit is paid is referred to below as the “decedent”.

Where an Annuity is issued to a trust and such trust is characterized as a grantor trust under the Code, such Annuity shall not be considered to be held by a non-natural person and will be subject to the tax reporting and withholding requirements generally applicable to a Nonqualified Annuity held by a natural person. At this time, we will not issue an Annuity to grantor trusts with more than two grantors.

You may name as the Owner of the Annuity a grantor trust with one grantor only if the grantor is designated as the Annuitant. You may name as the Owner of the Annuity, subject to state availability, a grantor trust with two grantors only if the oldest grantor is designated as the Annuitant. We will not issue Annuities to grantor trusts with more than two grantors and we will not permit co-grantors to be designated as either joint Annuitants during the Accumulation Period or Contingent Annuitants.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within 5 years after the date of death of the first grantor’s death under Section 72(s) of the Code. If a non-Annuitant grantor predeceases the Annuitant, the Surrender Value will be payable. The Surrender Value will be payable to the trust and there is no Death Benefit provided under the Annuity except as otherwise described below. Between the date of death of the non-Annuitant grantor and the date that we distribute the Surrender Value, the Account Value is reduced by the Total Insurance Charge and subject to Sub-account fluctuations. If the Annuitant dies after the death of the first grantor, but prior to the distribution of the Surrender Value of the Annuity, then the Death Benefit amount will be payable as a lump sum to the Beneficiary or Beneficiaries as described in the “Death Benefits” section of this prospectus. See the “Death Benefits” section for information on the amount payable if the Annuitant predeceases the non-Annuitant grantor.

Once we have received Due Proof of Death, each eligible Beneficiary may take his/her portion of the Death Benefit in one of the forms described in this prospectus (e.g., distribution of the entire interest in the Annuity within 5 years after the date of death, or as periodic payments over a period not extending beyond the life or life expectancy of the Beneficiary – see “Payment of Death Benefits” below).

After our receipt of Due Proof of Death, we automatically transfer any remaining Death Benefit to the AST Government Money Market Sub-account. However, between the date of death and the date that we transfer any remaining Death Benefit to the AST Government Money Market Sub-account, the amount of the death benefit is impacted by the Insurance Charge and subject to Sub-account fluctuations.

No Death Benefit will be payable if the Annuity terminates because your Account Value reaches zero (which can happen if, for example, you are taking withdrawals under an optional living benefit).

EXCEPTIONS TO AMOUNT OF DEATH BENEFIT

There are certain exceptions to the amount of the Death Benefit.

Submission of Due Proof of Death after One Year. If we receive Due Proof of Death more than one year after the date of death, we reserve the right to limit the Death Benefit to the Account Value on the date we receive Due Proof of Death (i.e., we would not pay the basic Death Benefit or any Death Benefit in connection with an optional living benefit).

Death Benefit Suspension Period. You also should be aware that there is a Death Benefit suspension period. If the decedent was not the Owner or Annuitant as of the Issue Date (or within 60 days thereafter), any Death Benefit (including the Minimum Death Benefit, any optional Death Benefit, Highest Daily Lifetime Income v2.1 with HA DB, Spousal Highest Daily Lifetime Income with HA DB, Highest Daily Lifetime Income 2.0 with HA DB and Spousal Highest Daily Lifetime Income 2.0 with HA DB) that applies will be suspended for a two year period starting from the date that person first became Owner or Annuitant. This suspension would not apply if the ownership or annuitant change was the result of Spousal Continuation or death of the prior Owner or Annuitant. While the two year suspension is in effect, any applicable charge will continue to apply but the Death Benefit amount will equal the Account Value, less any Purchase Credits granted during the period beginning 12 months prior to decedent’s date of death and ending on the date we receive Due Proof of Death with respect to the X Series. Thus, if you had elected an Optional Death benefit, Highest Daily Lifetime Income v2.1 with HA DB, Spousal Highest Daily Lifetime Income with HA DB, Highest Daily Lifetime Income 2.0 with HA DB or Spousal Highest Daily Lifetime Income 2.0 with HA DB, and the suspension were in effect, you would be paying the fee for the optional Death Benefit, Highest Daily Lifetime Income v2.1 with HA DB, Spousal Highest Daily Lifetime Income with HA DB, Highest Daily Lifetime Income 2.0 with HA DB or Spousal Highest Daily Lifetime Income 2.0 with HA DB even though during the suspension period your Death Benefit would be limited to the Account Value. After the two-year suspension period is completed the Death Benefit is the same as if the suspension period had not been in force. See “Change of Owner, Annuitant and Beneficiary Designations” in “Managing Your Annuity” with regard to changes of Owner or Annuitant that are allowable.

Beneficiary Annuity. With respect to a Beneficiary Annuity, the Death Benefit is triggered by the death of the beneficial Owner (or the Key Life, if entity-owned). However, if the Annuity is held as a Beneficiary Annuity, the Owner is an entity, and the Key Life is already deceased, then no Death Benefit is payable upon the death of the beneficial Owner.

DEATH BENEFITS

Each Annuity provides a minimum Death Benefit at no additional charge. The amount of the minimum Death Benefit is equal to the greater of:


▪	The sum of all Purchase Payments you have made since the Issue Date of the Annuity (excluding any Purchase Credits) until the date of Due Proof of Death, reduced proportionally by the ratio of the amount of any withdrawal to the Account Value immediately prior to the withdrawal; AND


▪	Your Account Value.

SPOUSAL CONTINUATION OF ANNUITY

Unless you designate a Beneficiary other than your spouse, upon the death of either spousal Owner, the surviving spouse may elect to continue ownership of the Annuity instead of taking the Death Benefit payment. The Account Value as of the date of Due Proof of Death will be equal to the Death Benefit that would have been payable. Any amount added to the Account Value will be allocated to the Sub-accounts (if you participate in an optional living benefit, such amount will not be directly added to the AST Investment Grade Bond Sub-account used by the benefit, but may be reallocated by the pre-determined mathematical formula on the same day). No CDSC will apply to Purchase Payments made prior to the effective date of a spousal continuance. However, any additional Purchase Payments applied after the date the continuance is effective will be subject to all provisions of the Annuity, including the CDSC when applicable.

Subsequent to spousal continuation, the minimum Death Benefit will be equal to the greater of:


▪	The Account Value on the effective date of the spousal continuance, plus all Purchase Payments you have made since the spousal continuance (excluding any Purchase Credits) until the date of Due Proof of Death, reduced proportionally by the ratio of the amount of any withdrawal to the Account Value immediately prior to the withdrawal; and


▪	The Account Value on Due Proof of Death of the surviving spouse.

With respect to Highest Daily Lifetime Income v2.1 with HA DB, Highest Daily Lifetime Income 2.0 with HA DB, Spousal Highest Daily Lifetime Income v2.1 with HA DB and Spousal Highest Daily Lifetime Income 2.0 with HA DB:


▪	If the Highest Annual Death Benefit is not payable upon the death of a Spousal Designated Life, and the Remaining Designated Life chooses to continue the Annuity, the benefit will remain in force unless we are instructed otherwise.


▪	If a Death Benefit is not payable upon the death of a Spousal Designated Life (e.g., if the first of the Spousal Designated Lives to die is the Beneficiary but not an Owner), the benefit will remain in force unless we are instructed otherwise.

Spousal continuation is also permitted, subject to our rules and regulatory approval, if the Annuity is held by a custodial account established to hold retirement assets for the benefit of the natural person Annuitant pursuant to the provisions of Section 408(a) of the Code (“Custodial Account”) and, on the date of the Annuitant’s death, the spouse of the Annuitant is (1) the Contingent Annuitant under the Annuity and (2) the Beneficiary of the Custodial Account. The ability to continue the Annuity in this manner will result in the Annuity no longer qualifying for tax deferral under the Code. However, such tax deferral should result from the ownership of the Annuity by the Custodial Account. Please consult your tax or legal adviser.

Any Optional Death Benefit in effect at the time the first of the spouses dies will continue only if spousal assumption occurs prior to the Death Benefit Target Date and prior to the assuming spouse’s 80^th birthday. If spousal assumption occurs after the Death Benefit Target Date (or the 80^th birthday of the assuming spouse), then any Optional Death Benefit will terminate as of the date of spousal assumption. In that event, the assuming spouse’s Death Benefit will equal the basic Death Benefit.

We allow a spouse to continue the Annuity even though he/she has reached or surpassed the Latest Annuity Date. However, upon such a spousal continuance, annuity payments would begin immediately.

A surviving spouse’s ability to continue ownership of the Annuity may be impacted by the Defense of Marriage Act (see “Managing Your Annuity – Spousal Designations”). Please consult your tax or legal adviser for more information about such impact in your state.

PAYMENT OF DEATH BENEFITS

Alternative Death Benefit Payment Options – Annuities owned by Individuals (not Associated with Tax-Favored Plans)

Except in the case of a spousal continuation as described above, upon your death, certain distributions must be made under the Annuity. The required distributions depend on whether you die before you start taking annuity payments under the Annuity or after you start taking annuity payments under the Annuity. If you die on or after the Annuity Date, the remaining portion of the interest in the Annuity must be distributed at least as rapidly as under the method of distribution being used as of the date of death. In the event of the decedent’s death before the Annuity Date, the Death Benefit must be distributed:


▪	within five (5) years of the date of death (the 5 Year Deadline); or

▪

as a series of payments not extending beyond the life expectancy of the Beneficiary or over the life of the Beneficiary. Payments under this option must begin within one year of the date of death. If the Beneficiary does not begin installments by such time, then no partial withdrawals will be permitted thereafter and we require that the Beneficiary take the Death Benefit as a lump sum within the 5 Year Deadline.

If the Annuity is held as a Beneficiary Annuity, the payment of the Death Benefit must be distributed:


▪	as a lump sum payment; or


▪	as a series of required distributions under the Beneficiary Continuation Option as described below in the section entitled “Beneficiary Continuation Option,” unless you have made an election prior to Death Benefit proceeds becoming due.

If we do not receive instructions on where to send the payment within 5 years of the date of death, the funds will be escheated.

Alternative Death Benefit Payment Options – Annuities Held by Tax-Favored Plans

The Code provides for alternative death benefit payment options when an Annuity is used as an IRA, 403(b) or other “qualified investment” that requires minimum distributions. Upon your death under an IRA, 403(b) or other “qualified investment”, the designated Beneficiary may generally elect to continue the Annuity and receive Required Minimum Distributions under the Annuity instead of receiving the Death Benefit in a single payment. The available payment options will depend on whether you die before the date Required Minimum Distributions under the Code were to begin, whether you have named a designated beneficiary and whether the Beneficiary is your surviving spouse. Note that if you elected to receive required minimum distributions under a Minimum Distribution Option, the program will be discontinued upon receipt of notification of death. The final required minimum distribution must be distributed prior to establishing a beneficiary payment option for the balance of the contract.

▪

If you die after a designated Beneficiary has been named, the death benefit must be distributed by December 31^st of the year including the five year anniversary of the date of death (the “Qualified 5 Year Deadline”), or as periodic payments not extending beyond the life expectancy of the designated Beneficiary (provided such payments begin by December 31^st of the year following the year of death). If the Beneficiary does not begin installments by such time, then no partial withdrawals will be permitted and we require that the Beneficiary take the Death Benefit as a lump sum by the Qualified 5 Year Deadline. However, if your surviving spouse is the Beneficiary, the death benefit can be paid out over the life expectancy of your spouse with such payments beginning no later than December 31^st of the year following the year of death or December 31^st of the year in which you would have reached age 70¹/₂, whichever is later. Additionally, if the Death Benefit is solely payable to (or for the benefit of) your surviving spouse, then the Annuity may be continued with your spouse as the Owner.

▪

If you die before a designated Beneficiary is named and before the date Required Minimum Distributions must begin under the Code, the Death Benefit must be paid out by the Qualified 5 Year Deadline. If the Beneficiary does not begin installments by December 31^st of the year following the year of death, then no partial withdrawals will be permitted and we will require that the Beneficiary take the Death Benefit as a lump sum by the Qualified 5 Year Deadline. For Annuities where multiple Beneficiaries have been named and at least one of the Beneficiaries does not qualify as a designated Beneficiary and the account has not been divided into separate accounts by December 31^st of the year following the year of death, such Annuity is deemed to have no designated Beneficiary.

▪

If you die before a designated Beneficiary is named and after the date Required Minimum Distributions must begin under the Code, the Death Benefit must be paid out at least as rapidly as under the method then in effect. For Annuities where multiple Beneficiaries have been named and at least one of the Beneficiaries does not qualify as a designated Beneficiary and the account has not been divided into separate accounts by December 31^st of the year following the year of death, such Annuity is deemed to have no designated Beneficiary.

A Beneficiary has the flexibility to take out more each year than mandated under the Required Minimum Distribution rules.

Until withdrawn, amounts in an IRA, 403(b) or other “qualified investment” continue to be tax deferred. Amounts withdrawn each year, including amounts that are required to be withdrawn under the Required Minimum Distribution rules, are subject to tax. You may wish to consult a professional tax advisor for tax advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the Death Benefit must be distributed under the same rules applied to IRAs where death occurs before the date Required Minimum Distributions must begin under the Code.

If we do not receive instructions on where to send the payment within 5 years of the date of death, the funds will be escheated.

The tax consequences to the Beneficiary may vary among the different Death Benefit payment options. See “Tax Considerations” and consult your tax advisor.

BENEFICIARY CONTINUATION OPTION

Instead of receiving the Death Benefit in a single payment, or under an Annuity Option, a Beneficiary may take the Death Benefit under an alternative Death Benefit payment option, as provided by the Code and described above under the sections entitled “Payment of Death Benefits” and “Alternative Death Benefit Payment Options – Annuities Held by Tax-Favored Plans.” This “Beneficiary Continuation Option” is described below and is available for both qualified Annuities (i.e. annuities sold to an IRA, Roth IRA, SEP IRA, or 403(b)), Beneficiary Annuities and non-qualified Annuities. This option is different from the “Beneficiary Annuity”, because the Beneficiary Continuation Option is a death benefit payout option used explicitly for annuities issued by a Prudential affiliate.

Under the Beneficiary Continuation Option:


▪	The Beneficiary must apply at least $15,000 to the Beneficiary Continuation Option (thus, the Death Benefit amount payable to each beneficiary must be at least $15,000).


▪	The Annuity will be continued in the Owner’s name, for the benefit of the Beneficiary.


▪	Beginning on the date we receive an election by the Beneficiary to take the Death Benefit in a form other than a lump sum, the Beneficiary will incur a Settlement Service Charge which is an annual charge assessed on a daily basis against the assets allocated to the Sub-accounts. The charge is 1.00% per year.

▪

Beginning on the date we receive an election by the Beneficiary to take the Death Benefit in a form other than a lump sum, the Beneficiary will incur an annual maintenance fee equal to the lesser of $30 or 2% of Account Value. The fee will only apply if the Account Value is less than $25,000 at the time the fee is assessed. The fee will not apply if it is assessed 30 days prior to a surrender request.


▪	The initial Account Value will be equal to any Death Benefit (including any optional Death Benefit in connection with an optional living benefit) that would have been payable to the Beneficiary if the Beneficiary had taken a lump sum distribution.


▪	The available Sub-accounts will be among those available to the Owner at the time of death, however certain Sub-accounts may not be available.


▪	The Beneficiary may request transfers among Sub-accounts, subject to the same limitations and restrictions that applied to the Owner. Transfers in excess of 20 per year will incur a $10 transfer fee.


▪	No additional Purchase Payments can be applied to the Annuity. Multiple deaths cannot be combined in a single Beneficiary Continuation Option.


▪	The basic Death Benefit and any optional benefits elected by the Owner will no longer apply to the Beneficiary.


▪	The Beneficiary can request a withdrawal of all or a portion of the Account Value at any time, unless the Beneficiary Continuation Option was the payout predetermined by the Owner and the Owner restricted the Beneficiary’s withdrawal rights.


▪	Withdrawals are not subject to CDSC.

▪

Upon the death of the Beneficiary, any remaining Account Value will be paid in a lump sum to the person(s) named by the Beneficiary (successor), unless the successor chooses to continue receiving payments through a Beneficiary Continuation Option established for the successor. However, the distributions will continue to be based on the Key Life of the Beneficiary Continuation Option the successor received the death benefit proceeds from.


▪	If the Beneficiary elects to receive the death benefit proceeds under the Beneficiary Continuation Option, we must receive the election in Good Order at least 14 days prior to the first required distribution. If, for any reason, the election impedes our ability to complete the first distribution by the required date, we will be unable to accept the election.

We may pay compensation to the broker-dealer of record on the Annuity based on amounts held in the Beneficiary Continuation Option. Please contact us for additional information on the availability, restrictions and limitations that will apply to a Beneficiary under the Beneficiary Continuation Option.

VALUING YOUR INVESTMENT

VALUING THE SUB-ACCOUNTS

When you allocate Account Value to a Sub-account, you are purchasing Units of the Sub-account. Each Sub-account invests exclusively in shares of an underlying Portfolio. The value of the Units fluctuates with the Sub-account fluctuations of the Portfolios. The value of the Units also reflects the daily accrual for the Insurance Charge, and if you elected one or more optional benefits whose annualized charge is deducted daily, the additional charge for such benefits.

Each Valuation Day, we determine the price for a Unit of each Sub-account, called the “Unit Price" or Unit Value. The Unit Price is used for determining the value of transactions involving Units of the Sub-accounts. We determine the number of Units involved in any transaction by dividing the dollar value of the transaction by the Unit Price of the Sub-account as of the Valuation Day. There may be several different Unit Prices for each Sub-account to reflect the Insurance Charge and the charges for any optional benefits. The Unit Price for the Units you purchase will be based on the total charges for the benefits that apply to your Annuity.

Example

Assume you allocate $5,000 to a Sub-account. On the Valuation Day you make the allocation, the Unit Price is $14.83. Your $5,000 buys 337.154 Units of the Sub-account. Assume that later, you wish to transfer $3,000 of your Account Value out of that Sub-account and into another Sub-account. On the Valuation Day you request the transfer, the Unit Price of the original Sub-account has increased to $16.79 and the Unit Price of the new Sub-account is $17.83. To transfer $3,000, we redeem 178.677 Units at the current Unit Price, leaving you 158.477 Units. We then buy $3,000 of Units of the new Sub-account at the Unit Price of $17.83. You would then have 168.255 Units of the new Sub-account.

PROCESSING AND VALUING TRANSACTIONS

Pruco Life of New Jersey is generally open to process financial transactions on those days that the New York Stock Exchange (NYSE) is open for trading. There may be circumstances where the NYSE does not open on a regularly scheduled date or time or closes at an earlier time than scheduled (normally 4:00 p.m. Eastern Time). Generally, financial transactions requested in Good Order before the close of regular trading on the NYSE will be processed according to the value next determined following the close of business. Financial transactions requested on a non-business day or after the close of regular trading on the NYSE will be processed based on the value next computed on the next Valuation Day.

We will not process any financial transactions involving purchase or redemption orders on days the NYSE is closed. Pruco Life of New Jersey will also not process financial transactions involving purchase or redemption orders or transfers on any day that:


▪	trading on the NYSE is restricted;


▪	an emergency, as determined by the SEC, exists making redemption or valuation of securities held in the separate account impractical; or


▪	the SEC, by order, permits the suspension or postponement for the protection of security holders.

In certain circumstances, we may need to correct the processing of an order. In such circumstances, we may incur a loss or receive a gain depending upon the price of the security when the order was executed and the price of the security when the order is corrected. With respect to any gain that may result from such order correction, we will retain any such gain as additional compensation for these correction services.

We have arrangements with certain selling firms, under which receipt by the firm in Good Order prior to our cut-off time on a given Valuation Day is treated as receipt by us on that Valuation Day for pricing purposes. Currently, we have such an arrangement with Citigroup Global Markets Inc. (“CGM”). We extend this pricing treatment to orders that you submit directly through CGM and to certain orders submitted through Morgan Stanley Smith Barney LLC (“MSSB”) where CGM serves as clearing firm for MSSB. Your MSSB registered representative can tell you whether your order will be cleared through CGM. In addition, we currently have an arrangement with Merrill, Lynch, Pierce, Fenner & Smith, Inc. (“Merrill Lynch”) under which transfer orders between Sub-accounts that are received in Good Order by Merrill Lynch prior to the NYSE close on a given Valuation Day will be priced by us as of that Valuation Day. The arrangements with CGM, MSSB, and Merrill Lynch may be terminated at any time or modified in certain circumstances.

Initial Purchase Payments: We are required to allocate your initial Purchase Payment to the Sub-accounts within two (2) Valuation Days after we receive the Purchase Payment in Good Order at our Service Office. If we do not have all the required information to allow us to issue your Annuity, we may retain the Purchase Payment while we try to reach you or your representative to obtain all of our requirements. If we are unable to obtain all of our required information within five (5) Valuation Days, we are required to return the Purchase Payment to you at that time, unless you specifically consent to our retaining the Purchase Payment while we gather the required information. Once we obtain the required information, we will invest the Purchase Payment (and any associated Purchase Credit with respect to the X Series) and issue an Annuity within two (2) Valuation Days.

With respect to your initial Purchase Payment and any additional purchase payments pending investment in our Separate Account, we may hold the amount temporarily in a suspense account and we may earn interest on such amount. You will not be credited with interest during that period. The monies held in the suspense account may be subject to claims of our general creditors. Also, the Purchase Payment will not be reduced nor increased due to Sub-account fluctuations during that period.

As permitted by applicable law, the broker-dealer firm through which you purchase your Annuity may forward your initial Purchase Payment to us prior to approval of your purchase by a registered principal of the firm. These arrangements are subject to a number of regulatory requirements, including that customer funds will be deposited in a segregated bank account and held by the insurer until such time that the insurer is notified of

the firm’s principal approval and is provided with the application, or is notified of the firm principal’s rejection. In addition, the insurer must promptly return the customer’s funds at the customer’s request prior to the firm’s principal approval or upon the firm’s rejection of the application. The monies held in the bank account will be held in a suspense account within our general account and we may earn interest on amounts held in that suspense account. Contract owners will not be credited with any interest earned on amounts held in that suspense account. The monies in such suspense account may be subject to claims of our general creditors.

Additional Purchase Payments: We will apply any additional Purchase Payments (and any associated Purchase Credit with respect to the X Series) as of the Valuation Day that we receive the Purchase Payment at our Service Office in Good Order. We may limit, restrict, suspend or reject any additional Purchase Payments at any time. See “Additional Purchase Payments” under “Purchasing Your Annuity” earlier in this prospectus. With respect to your additional Purchase Payment that is pending investment in our Separate Account, we may hold the amount temporarily in a suspense account and we may earn interest on such amount. You will not be credited with interest during that period. The monies held in the suspense account may be subject to claims of our general creditors. Also, the Purchase Payment will not be reduced nor increased due to Sub-account fluctuations during that period.

Scheduled Transactions: Scheduled transactions include transfers under Dollar Cost Averaging, the Asset Allocation Program, Auto Rebalancing, Systematic Withdrawals, Systematic Investments, Required Minimum Distributions, substantially equal periodic payments under section 72(t)/72(q) of the Code, annuity payments and fees that are assessed daily as a percentage of the net assets of the Sub-accounts. Scheduled transactions are processed and valued as of the date they are scheduled, unless the scheduled day is not a Valuation Day. In that case, the transaction will be processed and valued on the next Valuation Day, unless (with respect to Required Minimum Distributions, substantially equal periodic payments under Section 72(t)/72(q) of the Code, annuity payments and fees that are assessed daily as a percentage of the net assets of the Sub-accounts only), the next Valuation Day falls in the subsequent calendar year, in which case the transaction will be processed and valued on the prior Valuation Day. In addition, if: you are taking your Annual Income Amount through our systematic withdrawal program; and the scheduled day is not a Valuation Day; and the next Valuation Day will occur in a new contract year, the transaction will be processed and valued on the prior Valuation Day.

Unscheduled Transactions: “Unscheduled” transactions include any other non-scheduled transfers and requests for partial withdrawals or Free Withdrawals or Surrenders. With respect to certain written requests to withdraw Account Value, we may seek to verify the requesting Owner’s signature. Specifically, we reserve the right to perform a signature verification for (a) any withdrawal exceeding a certain dollar amount and (b) a withdrawal exceeding a certain dollar amount if the payee is someone other than the Owner. In addition, we will not honor a withdrawal request in which the requested payee is the financial professional or agent of record. We reserve the right to request a signature guarantee with respect to a written withdrawal request. If we do perform a signature verification, we will pay the withdrawal proceeds within 7 days after the withdrawal request was received by us in Good Order, and will process the transaction in accordance with the discussion in “Processing And Valuing Transactions”.

Medically-Related Surrenders & Death Benefits: Medically-Related Surrender requests and Death Benefit claims require our review and evaluation before processing. We price such transactions as of the date we receive at our Service Office in Good Order all supporting documentation we require for such transactions.

We generally pay any surrender request or death benefit claims from the Separate Account within 7 days of our receipt of your request in Good Order at our Service Office.

Change in Daily Asset-Based Charges: After the 9th Annuity year, your Annuity will become subject to a lower daily asset-based charge. We will process a transaction where your Account Value allocated to the Sub-accounts will be used to purchase new Units of the same Sub-accounts that reflect the decreased Insurance Charge (and the charge for any optional benefits you have elected). The number of Units attributed to your Annuity will be decreased and the Unit Price of each unit of the Sub-accounts in which you invested will be increased. The adjustment in the number of units and unit price will not affect your Account Value at the time that the transaction is processed. However, beginning on that date, your Account Value will be determined based on the change in the value of Units that reflect the decreased Insurance Charge and any other optional benefits that you have elected.

Termination of Optional Benefits: In general, if an optional benefit terminates, we will no longer deduct the charge we apply to purchase the optional benefit. However, for the Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income or Highest Daily Lifetime 6 Plus Suite of benefits, if the benefit terminates for any reason other than death or annuitization, we will deduct a final charge upon termination, based on the number of days since the charge for the benefit was most recently deducted. Certain optional benefits may be added after you have purchased your Annuity. On the date a charge no longer applies or a charge for an optional benefit begins to be deducted, your Annuity will become subject to a different charge.

TAX CONSIDERATIONS

The tax considerations associated with an Annuity vary depending on whether the Annuity is (i) owned by an individual or non-natural person, and not associated with a tax-favored retirement plan, or (ii) held under a tax-favored retirement plan. We discuss the tax considerations for these categories of Annuities below. The discussion is general in nature and describes only federal income tax law (not state, local, foreign or other federal tax laws). It is based on current law and interpretations which may change. The information provided is not intended as tax advice. You should consult with a qualified tax adviser for complete information and advice.

Generally, the cost basis in an Annuity not associated with a tax-favored retirement plan is the amount you pay into your Annuity, or into Annuities exchanged for your Annuity, on an after-tax basis less any withdrawals of such payments. Cost basis for a tax-favored retirement plan is provided only in limited circumstances, such as for contributions to a Roth IRA or nondeductible contributions to a traditional IRA. We do not track cost basis for tax-favored retirement plans, which is the responsibility of the Owner.

The discussion below generally assumes that the Annuity is issued to the Annuity Owner. For Annuities issued under the Beneficiary Continuation Option or as a Beneficiary Annuity, refer to the Taxes Payable by Beneficiaries for a Nonqualified Annuity and Required Distributions Upon Your Death for Qualified Annuities sections below.

NONQUALIFIED ANNUITIES

In general, as used in this prospectus, a Nonqualified Annuity is owned by an individual or non-natural person and is not associated with a tax-favored retirement plan.

Taxes Payable by You

We believe the Annuity is an Annuity for tax purposes. Accordingly, as a general rule, you should not pay any tax until you receive money under the Annuity. Generally, an Annuity issued by the same company (and affiliates) to you during the same calendar year must be treated as one Annuity for purposes of determining the amount subject to tax under the rules described below. Charges for investment advisory fees that are taken from the Annuity are treated as a partial withdrawal from the Annuity and will be reported as such to the Annuity Owner.

It is possible that the IRS could assert that some or all of the charges for the optional living or death benefits under the Annuity should be treated for federal income tax purposes as a partial withdrawal from the Annuity. If this were the case, the charge for this benefit could be deemed a withdrawal and treated as taxable to the extent there are earnings in the Annuity. Additionally, for Owners under age 59½, the taxable income attributable to the charge for the benefit could be subject to a tax penalty. If the IRS determines that the charges for one or more benefits under the Annuity are taxable withdrawals, then the sole or surviving Owner will be provided with a notice from us describing available alternatives regarding these benefits.

Taxes on Withdrawals and Surrender Before Annuity Payments Begin

If you make a withdrawal from your Annuity or surrender it before annuity payments begin, the amount you receive will be taxed as ordinary income, rather than as a return of cost basis, until all gain has been withdrawn. At any time there is no gain in your Annuity, payments will be treated as a nontaxable return of cost basis until all cost basis has been returned. After all cost basis is returned, all subsequent amounts will be taxed as ordinary income. An exception to this treatment exists for contracts purchased prior to August 14, 1982. Withdrawals are treated as a return of cost basis in the Annuity first until Purchase Payments made before August 14, 1982 are withdrawn. Moreover, income allocable to Purchase Payments made before August 14, 1982, is not subject to the 10% tax penalty.

You will generally be taxed on any withdrawals from the Annuity while you are alive even if the withdrawal is paid to someone else. Withdrawals under any of the optional living benefits or as a systematic payment are taxed under these rules. If you assign or pledge all or part of your Annuity as collateral for a loan, the part assigned generally will be treated as a withdrawal and subject to income tax to the extent of gain. If you transfer your Annuity for less than full consideration, such as by gift, you will also trigger tax on any gain in the Annuity. This rule does not apply if you transfer the Annuity to your spouse or under most circumstances if you transfer the Annuity incident to divorce.

If you choose to receive payments under an interest payment option, or a Beneficiary chooses to receive a death benefit under an interest payment option, that election will be treated, for tax purposes, as surrendering your Annuity and will immediately subject any gain in the Annuity to income tax.

Taxes on Annuity Payments

If you select an annuity payment option as described in the Access to Account Value section earlier in this prospectus, a portion of each annuity payment you receive will be treated as a partial return of your cost basis and will not be taxed. The remaining portion will be taxed as ordinary income. Generally, the nontaxable portion is determined by multiplying the annuity payment you receive by a fraction, the numerator of which is your cost basis (less any amounts previously received tax-free) and the denominator of which is the total expected payments under the Annuity. After the full amount of your cost basis has been recovered tax-free, the full amount of the annuity payments will be taxable. If annuity payments stop due to the death of the Annuitant before the full amount of your cost basis has been recovered, a tax deduction may be allowed for the unrecovered amount. Under the Tax Cuts and Jobs Act of 2017, this deduction is suspended until after 2025.

If your Account Value is reduced to zero but the Annuity remains in force due to a benefit provision, further distributions from the Annuity will be reported as annuity payments, using an exclusion ratio based upon the undistributed cost basis in the Annuity and the total value of the anticipated future payments until such time as all cost basis has been recovered.

Maximum Annuity Date

You must commence annuity payments no later than the first day of the calendar month following the maximum Annuity Date for your Annuity. Upon reaching the maximum Annuity Date you can no longer surrender, exchange, or transfer your contract. The maximum Annuity Date may be the same as the Latest Annuity Date as described elsewhere in this prospectus. For some of our Annuities, you can choose to defer the Annuity Date beyond the default or Latest Annuity Date, as applicable, described in your Annuity. However, the IRS may not then consider your Annuity to be an Annuity under the tax law.

Please refer to your Annuity contract for the maximum Annuity Date.

Partial Annuitization

Individuals may partially annuitize their Nonqualified Annuity if the contract so permits. The tax law allows for a portion of a nonqualified Annuity, endowment or life insurance contract to be annuitized while the balance is not annuitized. The annuitized portion must be paid out over 10 or more years or over the lives of one or more individuals. The annuitized portion of the Annuity is treated as a separate Annuity for purposes of determining taxability of the payments under Section 72 of the Code. We do not currently permit partial annuitization.

Medicare Tax on Net Investment Income

The Patient Protection and Affordable Care Act, enacted in 2010, included a Medicare tax on investment income. This tax assesses a 3.8% surtax on the lesser of (1) net investment income or (2) the excess of “modified adjusted gross income” over a threshold amount. The “threshold amount” is $250,000 for married taxpayers filing jointly, $125,000 for married taxpayers filing separately, $200,000 for single taxpayers, and approximately $12,500 for trusts. The taxable portion of payments received as a withdrawal, surrender, annuity payment, death benefit payment or any other actual or deemed distribution under the Annuity will be considered investment income for purposes of this surtax.

Tax Penalty for Early Withdrawal from a Nonqualified Annuity

You may owe a 10% tax penalty on the taxable part of distributions received from your Nonqualified Annuity before you attain age 59½. Amounts are not subject to this tax penalty if:


▪	the amount is paid on or after you reach age 59½ or die;


▪	the amount received is attributable to your becoming disabled;


▪	generally the amount paid or received is in the form of substantially equal payments (as defined in the Code) not less frequently than annually (please note that substantially equal payments must continue until the later of reaching age 59½ or five years and modification of payments during that time period will result in retroactive application of the 10% tax penalty); or


▪	the amount received is paid under an immediate Annuity and the annuity start date is no more than one year from the date of purchase (the first annuity payment being required to be paid within 13 months).

Other exceptions to this tax may apply. You should consult your tax adviser for further details.

Special Rules in Relation to Tax-free Exchanges Under Section 1035

Section 1035 of the Code permits certain tax-free exchanges of a life insurance contract, Annuity or endowment contract for an Annuity, including tax-free exchanges of annuity death benefits for a Beneficiary Annuity. Partial exchanges may be treated in the same way as tax-free 1035 exchanges of entire contracts, therefore avoiding current taxation of the partially exchanged amount as well as the 10% tax penalty on pre-age 59½ withdrawals. In Revenue Procedure 2011-38, the IRS indicated that, for exchanges on or after October 24, 2011, where there is a surrender or distribution from either the initial Annuity or receiving Annuity within 180 days of the date on which the partial exchange was completed, the IRS will apply general tax rules to determine the substance and treatment of the original transfer. We strongly urge you to discuss any partial exchange transaction of this type with your tax adviser before proceeding with the transaction.

If an Annuity is purchased through a tax-free exchange of a life insurance contract, Annuity or endowment contract that was purchased prior to August 14, 1982, then any Purchase Payments made to the original contract prior to August 14, 1982 will be treated as made to the new Annuity prior to that date. Generally, such pre-August 14, 1982 withdrawals are treated as a return of cost basis first until Purchase Payments made before August 14, 1982 are withdrawn. Moreover, income allocable to Purchase Payments made before August 14, 1982, is not subject to the 10% tax penalty.

After you elect an Annuity Payout Option, you are not eligible for a tax-free exchange under Section 1035.

Taxes Payable by Beneficiaries for a Nonqualified Annuity

The Death Benefit distributions are subject to ordinary income tax to the extent the distribution exceeds the cost basis in the Annuity. The value of the Death Benefit, as determined under federal law, is also included in the Owner’s estate for federal estate tax purposes. Generally, the same income tax rules described above would also apply to amounts received by your Beneficiary. Choosing an option other than a lump sum Death Benefit may defer taxes. Certain minimum distribution requirements apply upon your death, as discussed further below in the Annuity Qualification section. Tax consequences to the Beneficiary vary depending upon the Death Benefit payment option selected. Generally, for payment of the Death Benefit:


▪	As a lump sum payment, the Beneficiary is taxed in the year of payment on gain in the Annuity.


▪	Within 5 years of death of Owner, the Beneficiary is taxed on the lump sum payment. The Death Benefit must be taken as one lump sum payment within 5 years of the death of the Owner. Partial withdrawals are not permitted.


▪	Under an Annuity or Annuity settlement option where distributions begin within one year of the date of death of the Owner, the Beneficiary is taxed on each payment with part as gain and part as return of cost basis. After the full amount of cost basis has been recovered tax-free, the full amount of the annuity payments will be taxable.

Considerations for Contingent Annuitants: We may allow the naming of a contingent Annuitant when a Nonqualified Annuity is held by a pension plan or a tax favored retirement plan, or held by a Custodial Account (as defined earlier in this prospectus). In such a situation, the Annuity may no longer qualify for tax deferral where the Annuity continues after the death of the Annuitant. However, tax deferral should be provided instead by the pension plan, tax favored retirement plan, or Custodial Account. We may also allow the naming of a contingent annuitant when a Nonqualified Annuity is held by an entity owner when such Annuities do not qualify for tax deferral under the current tax law. This does not supersede any benefit language which may restrict the use of the contingent annuitant.

Reporting and Withholding on Distributions

Amounts distributed from an Annuity are subject to federal and state income tax reporting and withholding. In general, we will withhold federal income tax from the taxable portion of such distribution based on the type of distribution. In the case of an annuity payment, we will withhold as if you are a married individual with three (3) exemptions unless you designate a different withholding status. If no U.S. taxpayer identification number is provided, we will automatically withhold using single with zero exemptions as the default. In the case of all other distributions, we will withhold at a 10% rate. You may generally elect not to have tax withheld from your payments. An election out of withholding must be made on forms that we provide. If you are a U.S. person (which includes a resident alien), and you request a payment be made to a non-U.S. address, we are required to withhold income tax.

State income tax withholding rules vary and we will withhold based on the rules of your state of residence. Special tax rules apply to withholding for nonresident aliens, and we generally withhold income tax for nonresident aliens at a 30% rate. A different withholding rate may be applicable to a nonresident alien based on the terms of an existing income tax treaty between the United States and the nonresident alien’s country. Please refer to the discussion below regarding withholding rules for a Qualified Annuity.

Regardless of the amount withheld by us, you are liable for payment of federal and state income tax on the taxable portion of annuity distributions. You should consult with your tax adviser regarding the payment of the correct amount of these income taxes and potential liability if you fail to pay such taxes.

Entity Owners

Where an Annuity is held by a non-natural person (e.g., a corporation), other than as an agent or nominee for a natural person (or in other limited circumstances), increases in the value of the Annuity over its cost basis will be subject to tax annually.

Where an Annuity is issued to a Charitable Remainder Trust (CRT), increases in the value of the Annuity over its cost basis will be subject to tax reporting annually. As there are charges for the optional living and death benefits described elsewhere in this prospectus, and such charges reduce the contract value of the Annuity, trustees of the CRT should discuss with their legal advisers whether election of such optional living or death benefits violates their fiduciary duty to the remainder beneficiary.

Where an Annuity is issued to a trust, and such trust is characterized as a grantor trust under the Code, such Annuity shall not be considered to be held by a non-natural person and will be subject to the tax reporting and withholding requirements generally applicable to a Nonqualified Annuity held by a natural person. At this time, we will not issue an Annuity to grantor trusts with more than two grantors.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within five years after the date of the first grantor’s death under Section 72(s) of the Code. See the “Death Benefits” section for scenarios where a Death Benefit or Surrender Value is payable depending upon the underlying facts.

Trusts are required to complete and submit a Certificate of Entity form, and we will tax report based on the information provided on this form.

Annuity Qualification

Diversification And Investor Control . In order to qualify for the tax rules applicable to Annuities described above, the investment assets in the Sub-accounts of an Annuity must be diversified according to certain rules under the Code. Each Portfolio is required to diversify its investments each quarter so that no more than 55% of the value of its assets is represented by any one investment, no more than 70% is represented by any two investments, no more than 80% is represented by any three investments, and no more than 90% is represented by any four investments. Generally, securities of a single issuer are treated as one investment, and obligations of each U.S. Government agency and instrumentality (such as the Government National Mortgage Association) are treated as issued by separate issuers. In addition, any security issued, guaranteed or insured (to the extent so guaranteed or insured) by the U.S. or an instrumentality of the U.S. will be treated as a security issued by the U.S. Government or its instrumentality, where applicable. We believe the Portfolios underlying the variable Investment Options of the Annuity meet these diversification requirements.

An additional requirement for qualification for the tax treatment described above is that we, and not you as the Annuity Owner, must have sufficient control over the underlying assets to be treated as the Owner of the underlying assets for tax purposes. While we also believe these investor control rules will be met, the Treasury Department may promulgate guidelines under which a variable annuity will not be treated as an Annuity for tax purposes if persons with ownership rights have excessive control over the investments underlying such variable Annuity. It is unclear whether such guidelines, if

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in fact promulgated, would have retroactive effect. It is also unclear what effect, if any, such guidelines might have on transfers between the Investment Options offered pursuant to this prospectus. We reserve the right to take any action, including modifications to your Annuity or the Investment Options, required to comply with such guidelines if promulgated. Any such changes will apply uniformly to affected Owners and will be made with such notice to affected Owners as is feasible under the circumstances.

Required Distributions Upon Your Death for a Nonqualified Annuity. Upon your death, certain distributions must be made under the Annuity. The required distributions depend on whether you die before you start taking annuity payments under the Annuity or after you start taking annuity payments under the Annuity. If you die on or after the Annuity Date, the remaining portion of the interest in the Annuity must be distributed at least as rapidly as under the method of distribution being used as of the date of death. If you die before the Annuity Date, the entire interest in the Annuity must be distributed within five years after the date of death, or as periodic payments over a period not extending beyond the life or life expectancy of the designated Beneficiary (provided such payments begin within one year of your death). If the Beneficiary does not begin installments within one year of the date of death, no partial withdrawals will be permitted thereafter, and we require that the Beneficiary take the Death Benefit as a lump sum within the five-year deadline. Your designated Beneficiary is the person to whom benefit rights under the Annuity pass by reason of death, and must be a natural person in order to elect a periodic payment option based on life expectancy or a period exceeding five years. Additionally, if the Annuity is payable to (or for the benefit of) your surviving spouse, that portion of the Annuity may be continued with your spouse as the Owner. For Nonqualified Annuities owned by a non-natural person, the required distribution rules apply upon the death of the Annuitant. This means that for an Annuity held by a non-natural person (such as a trust) for which there is named a co-annuitant, then such required distributions will be triggered by the death of the first co-annuitant to die.

Changes To Your Annuity. We reserve the right to make any changes we deem necessary to assure that your Annuity qualifies as an Annuity for tax purposes. Any such changes will apply to all Annuity Owners and you will be given notice to the extent feasible under the circumstances.

QUALIFIED ANNUITIES

In general, as used in this prospectus, a Qualified Annuity is an Annuity with applicable endorsements for a tax-favored plan or a Nonqualified Annuity held by a tax-favored retirement plan.

The following is a general discussion of the tax considerations for Qualified Annuities. This Annuity may or may not be available for all types of the tax-favored retirement plans discussed below. This discussion assumes that you have satisfied the eligibility requirements for any tax-favored retirement plan. Please consult your financial professional prior to purchase to confirm if this Annuity is available for a particular type of tax-favored retirement plan or whether we will accept the type of contribution you intend for this Annuity.

A Qualified Annuity may typically be purchased for use in connection with:


▪	Individual retirement accounts and annuities (IRAs), including inherited IRAs (which we refer to as a Beneficiary IRA), which are subject to Sections 408(a) and 408(b) of the Code;


▪	Roth IRAs, including inherited Roth IRAs (which we refer to as a Beneficiary Roth IRA) under Section 408A of the Code;


▪	A corporate Pension or Profit-sharing plan (subject to 401(a) of the Code);


▪	H.R. 10 plans (also known as Keogh Plans, subject to 401(a) of the Code);


▪	Tax Sheltered Annuities (subject to 403(b) of the Code, also known as Tax Deferred Annuities or TDAs);


▪	Section 457 plans (subject to 457 of the Code).

A Nonqualified Annuity may also be purchased by a 401(a) trust, a custodial IRA or a custodial Roth IRA account, or a Section 457 plan, which can hold other permissible assets. The terms and administration of the trust or custodial account or plan in accordance with the laws and regulations for 401(a) plans, IRAs or Roth IRAs, or a Section 457 plan, as applicable, are the responsibility of the applicable trustee or custodian.

You should be aware that tax favored plans such as IRAs generally provide income tax deferral regardless of whether they invest in Annuities. This means that when a tax favored plan invests in an Annuity, it generally does not result in any additional tax benefits (such as income tax deferral and income tax free transfers).

You may establish an advisory fee deduction program for a qualified Annuity with no living benefit such that charges for investment advisory fees are not taxable. Advisory fee deduction programs are not permitted if the Annuity has a living benefit. Charges for investment advisory fees that are taken from a qualified Annuity with a living benefit are treated as a partial withdrawal from the Annuity and will be tax reported as such to the Annuity Owner.

Types of Tax-favored Plans

IRAs. The “IRA Disclosure Statement” and “Roth IRA Disclosure Statement” which accompany the prospectus contain information about eligibility, contribution limits, tax particulars, and other IRA information. In addition to this information (the material terms are summarized in this prospectus and in those Disclosure Statements), the IRS requires that you have a “Free Look” after making an initial contribution to the Annuity. During this time, you can cancel the Annuity by notifying us in writing, and we will refund the greater of all purchase payments under the Annuity or the Account Value, less any applicable federal and state income tax withholding.

Contribution Limits/Rollovers. Subject to the minimum purchase payment requirements of an Annuity, you may purchase an Annuity for an IRA in connection with a “rollover” of amounts from a qualified retirement plan, as a transfer from another IRA, by making a contribution consisting of your IRA

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contributions and catch-up contributions, if applicable, attributable to the prior year during the period from January 1 to April 15 (or the later applicable due date of your federal income tax return, without extension), or as a current year contribution. In 2019 the contribution limit is $6,000. The contribution amount is indexed for inflation. The tax law also provides for a catch-up provision for individuals who are age 50 and above, allowing these individuals an additional $1,000 contribution each year. The catch-up amount is not indexed for inflation. The “rollover” rules under the Code are fairly technical; however, an individual (or his or her surviving spouse) may generally “roll over” certain distributions from tax favored retirement plans (either directly or within 60 days from the date of these distributions) if he or she meets the requirements for distribution. Once you buy an Annuity, you can make regular IRA contributions under the Annuity (to the extent permitted by law). For IRA rollovers, an individual can only make an IRA to IRA rollover if the individual has not made a rollover involving any IRAs owned by the individual in the prior 12 months. An IRA transfer is a tax-free trustee-to-trustee “transfer” from one IRA account to another. IRA transfers are not subject to this 12-month rule.

In some circumstances, non-spouse Beneficiaries may roll over to an IRA amounts due from qualified plans, 403(b) plans, and governmental 457(b) plans. However, the rollover rules applicable to non-spouse Beneficiaries under the Code are more restrictive than the rollover rules applicable to Owner/participants and spouse Beneficiaries. Generally, non-spouse Beneficiaries may roll over distributions from tax favored retirement plans only as a direct rollover, and if permitted by the plan. For plan years beginning after December 31, 2009, employer retirement plans are required to permit non-spouse Beneficiaries to roll over funds to an inherited IRA. An inherited IRA must be directly rolled over from the employer plan or transferred from an IRA and must be titled in the name of the deceased (i.e., John Doe deceased for the benefit of Jane Doe). No additional contributions can be made to an inherited IRA. In this prospectus, an inherited IRA is also referred to as a Beneficiary Annuity.

Required Provisions. Annuities that are IRAs (or endorsements that are part of the contract) must contain certain provisions:


▪	You, as Owner of the Annuity, must be the “Annuitant” under the contract (except in certain cases involving the division of property under a decree of divorce);


▪	Your rights as Owner are non-forfeitable;


▪	You cannot sell, assign or pledge the Annuity;


▪	The annual contribution you pay cannot be greater than the maximum amount allowed by law, including catch-up contributions if applicable (which does not include any rollover amounts);


▪	The date on which required minimum distributions must begin cannot be later than April 1 ^st of the calendar year after the calendar year you turn age 70½; and


▪	Death and annuity payments must meet Required Minimum Distribution rules described below.

Usually, the full amount of any distribution from an IRA (including a distribution from this Annuity) which is not a transfer or rollover is taxable. As taxable income, these distributions are subject to the general tax withholding rules described earlier regarding an Annuity in the Nonqualified Annuity section. In addition to this normal tax liability, you may also be liable for the following, depending on your actions:


▪	A 10% early withdrawal penalty described below;


▪	Liability for “prohibited transactions” if you, for example, borrow against the value of an IRA; or


▪	Failure to take a Required Minimum Distribution, also described below.

SEPs. SEPs are a variation on a standard IRA, and Annuities issued to a SEP must satisfy the same general requirements described under IRAs (above). There are, however, some differences:

▪

If you participate in a SEP, you generally do not include in income any employer contributions made to the SEP on your behalf up to the lesser of (a) $56,000 in 2019, or (b) 25% of your taxable compensation paid by the contributing employer (not including the employer’s SEP contribution as compensation for these purposes). However, for these purposes, compensation in excess of certain limits established by the IRS will not be considered. In 2019, this limit is $280,000;


▪	SEPs must satisfy certain participation and nondiscrimination requirements not generally applicable to IRAs; and

▪

SEPs that contain a salary reduction or “SARSEP” provision prior to 1997 may permit salary deferrals up to $19,000 in 2019 with the employer making these contributions to the SEP. However, no new “salary reduction” or “SARSEPs” can be established after 1996. Individuals participating in a SARSEP who are age 50 or above by the end of the year will be permitted to contribute an additional $6,000 in 2019. These amounts are indexed for inflation. Not all Annuities issued by us are available for SARSEPs. You will also be provided the same information, and have the same “Free Look” period, as you would have if you purchased the Annuity for a standard IRA.

ROTH IRAs. The “Roth IRA Disclosure Statement” contains information about eligibility, contribution limits, tax particulars and other Roth IRA information. Like standard IRAs, income within a Roth IRA accumulates tax-free, and contributions are subject to specific limits. Roth IRAs have, however, the following differences:


▪	Contributions to a Roth IRA cannot be deducted from your gross income;

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▪

“Qualified distributions” from a Roth IRA are excludable from gross income. A “qualified distribution” is a distribution that satisfies two requirements: (1) the distribution must be made (a) after the Owner of the IRA attains age 59½; (b) after the Owner’s death; (c) due to the Owner’s disability; or (d) for a qualified first time homebuyer distribution within the meaning of Section 72(t)(2)(F) of the Code; and (2) the distribution must be made in the year that is at least five tax years after the first year for which a contribution was made to any Roth IRA established for the Owner or five years after a rollover, transfer, or conversion was made from a traditional IRA to a Roth IRA. Distributions from a Roth IRA that are not qualified distributions will be treated as made first from contributions and then from earnings and earnings will be taxed generally in the same manner as distributions from a traditional IRA.


▪	If eligible (including meeting income limitations and earnings requirements), you may make contributions to a Roth IRA after attaining age 70½, and distributions are not required to begin upon attaining such age or at any time thereafter.

Subject to the minimum Purchase Payment requirements of an Annuity, you may purchase an Annuity for a Roth IRA in connection with a “rollover” of amounts of another traditional IRA, SEP, SIMPLE-IRA, employer sponsored retirement plan (under Sections 401(a) or 403(b) of the Code) or Roth IRA; or, if you meet certain income limitations, by making a contribution consisting of your Roth IRA contributions and catch-up contributions, if applicable, attributable to the prior year during the period from January 1 to April 15 (or the applicable due date of your federal income tax return, without extension), or as a current year contribution. The Code permits persons who receive certain qualifying distributions from such non-Roth IRAs, to directly rollover or make, within 60 days, a “rollover” of all or any part of the amount of such distribution to a Roth IRA which they establish (a "conversion"). The conversion of non-Roth accounts triggers current taxation (but is not subject to a 10% early distribution penalty).

The Code also permits the recharacterization of amounts from a traditional IRA, SEP, or SIMPLE IRA into a Roth IRA, or from a Roth IRA to a traditional IRA. Recharacterization is accomplished through a trustee-to-trustee transfer of a contribution (or a portion of a contribution) plus earnings, between different types of IRAs. A properly recharacterized contribution is treated as a contribution made to the second IRA instead of the first IRA. Under the Tax Cuts and Jobs Act of 2017, you may no longer recharacterize a conversion to a Roth IRA. It is still permissible to recharacterize a contribution made to a Roth IRA as a traditional IRA contribution, or a contribution to a traditional IRA as a Roth IRA contribution. Such recharacterization must be completed by the applicable tax return due date (with extensions).

Once an Annuity has been purchased, regular Roth IRA contributions will be accepted to the extent permitted by law. In addition, an individual receiving an eligible rollover distribution from a designated Roth account under an employer plan may roll over the distribution to a Roth IRA even if the individual is not eligible to make regular contributions to a Roth IRA. Non-spouse Beneficiaries receiving a distribution from an employer sponsored retirement plan under Sections 401(a) or 403(b) of the Code can also directly roll over contributions to a Roth IRA. However, it is our understanding of the Code that non-spouse Beneficiaries cannot “rollover” benefits from a traditional IRA to a Roth IRA.

TDAs. In general, you may own a Tax Deferred Annuity (also known as a TDA, Tax Sheltered Annuity (TSA), 403(b) plan or 403(b) Annuity) if you are an employee of a tax-exempt organization (as defined under Code Section 501(c)(3)) or a public educational organization, and you may make contributions to a TDA so long as your employer maintains such a plan and your rights to the Annuity are non-forfeitable. Contributions to a TDA, and any earnings, are not taxable until distribution. You may also make contributions to a TDA under a salary reduction agreement, generally up to a maximum of $19,000 in 2019. Individuals participating in a TDA who are age 50 or above by the end of the year will be permitted to contribute an additional $6,000 in 2019. This amount is indexed for inflation. Further, you may roll over TDA amounts to another TDA or an IRA. You may also roll over TDA amounts to a qualified retirement plan, a SEP and a governmental 457(b) plan. An Annuity may generally only qualify as a TDA if distributions of salary deferrals (other than “grandfathered” amounts held as of December 31, 1988) may be made only on account of:


▪	Your attainment of age 59½;


▪	Your severance of employment;


▪	Your death;


▪	Your total and permanent disability; or


▪	Hardship (under limited circumstances, and only related to salary deferrals, not including earnings attributable to these amounts).

In any event, you must begin receiving distributions from your TDA by April 1st of the calendar year after the calendar year you turn age 70½ or retire, whichever is later. These distribution limits do not apply either to transfers or exchanges of investments under the Annuity, or to any “direct transfer” of your interest in the Annuity to another employer’s TDA plan or mutual fund “custodial account” described under Code Section 403(b)(7). Employer contributions to TDAs are subject to the same general contribution, nondiscrimination, and minimum participation rules applicable to “qualified” retirement plans.

Caution: Under IRS regulations we can accept contributions, transfers and rollovers only if we have entered into an information-sharing agreement, or its functional equivalent, with the applicable employer or its agent. In addition, in order to comply with the regulations, we will only process certain transactions (e.g., transfers, withdrawals, hardship distributions and, if applicable, loans) with employer approval. This means that if you request one of these transactions we will not consider your request to be in Good Order, and will not therefore process the transaction, until we receive the employer’s approval in written or electronic form.

Late Rollover Self-Certification

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You may be able to apply a rollover contribution to your IRA or qualified retirement plan after the 60-day deadline through a self-certification procedure established by the IRS. Please consult your tax or legal adviser regarding your eligibility to use this self-certification procedure. As indicated in this IRS guidance, we, as a financial institution, are not required to accept your self-certification for waiver of the 60-day deadline.

Required Minimum Distributions and Payment Options

If you hold the Annuity under an IRA (or other tax-favored plan), Required Minimum Distribution rules must be satisfied. This means that generally payments must start by April 1 of the year after the year you reach age 70½ and must be made for each year thereafter. For a TDA or a 401(a) plan for which the participant is not a greater than 5% Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner’s lifetime. The amount of the payment must at least equal the minimum required under the IRS rules. Several choices are available for calculating the minimum amount. More information on the mechanics of this calculation is available on request. Please contact us at a reasonable time before the IRS deadline so that a timely distribution is made. Please note that there is a 50% tax penalty on the amount of any required minimum distribution not made in a timely manner. Required Minimum Distributions are calculated based on the sum of the Account Value and the actuarial value of any additional living and death benefits from optional riders that you have purchased under the Annuity. As a result, the Required Minimum Distributions may be larger than if the calculation were based on the Account Value only, which may in turn result in an earlier (but not before the required beginning date) distribution of amounts under the Annuity and an increased amount of taxable income distributed to the Annuity Owner, and a reduction of payments under the living and death benefit optional riders.

You can use the Minimum Distribution option to satisfy the Required Minimum Distribution rules for an Annuity without either beginning annuity payments or surrendering the Annuity. We will distribute to you the Required Minimum Distribution amount, less any other partial withdrawals that you made during the year. Such amount will be based on the value of the Annuity as of December 31 of the prior year, but is determined without regard to other Annuities you may own. If a trustee to trustee transfer or direct rollover of the full contract value is requested when there is an active Required Minimum Distribution program running, the Required Minimum Distribution will be removed and sent to the Owner prior to the remaining funds being sent to the transfer institution.

Although the IRS rules determine the required amount to be distributed from your IRA each year, certain payment alternatives are still available to you. If you own more than one IRA, you can choose to satisfy your minimum distribution requirement for each of your IRAs by withdrawing that amount from any of your IRAs. If you inherit more than one IRA or more than one Roth IRA from the same Owner, similar rules apply.

Charitable IRA Distributions.

Certain qualified IRA distributions used for charitable purposes are eligible for an exclusion from gross income, up to $100,000, for otherwise taxable IRA distributions from a traditional or Roth IRA. A qualified charitable distribution is a distribution that is made (1) directly by the IRA trustee to certain qualified charitable organizations and (2) on or after the date the IRA owner attains age 70½. Distributions that are excluded from income under this provision are not taken into account in determining the individual’s deductions, if any, for charitable contributions.

The IRS has indicated that an IRA trustee is not responsible for determining whether a distribution to a charity is one that satisfies the requirements of the charitable giving incentive. Consistent with the applicable IRS instructions, we report these distributions as normal IRA distributions on Form 1099-R. Individuals are responsible for reflecting the distributions as charitable IRA distributions on their personal tax returns.

Required Distributions Upon Your Death for a Qualified Annuity

Upon your death under an IRA, Roth IRA, 403(b) or other employer sponsored plan, the designated Beneficiary may generally elect to continue the Annuity and receive required minimum distributions under the Annuity instead of receiving the death benefit in a single payment. The available payment options will depend on whether you die before the date required minimum distributions under the Code were to begin, whether you have named a designated Beneficiary and whether that Beneficiary is your surviving spouse.

▪

If you die after a designated Beneficiary has been named, the death benefit must be distributed by December 31 ^st of the year including the five-year anniversary of the date of death, or as periodic payments not extending beyond the life or life expectancy of the designated Beneficiary (as long as payments begin by December 31 ^st of the year following the year of death). However, if your surviving spouse is the Beneficiary, the death benefit can be paid out over the life or life expectancy of your spouse with such payments beginning no later than December 31 ^st of the year following the year of death or December 31 ^st of the year in which you would have reached age 70½, whichever is later. Additionally, if the Annuity is payable to (or for the benefit of) your surviving spouse as sole primary beneficiary, the Annuity may be continued with your spouse as the Owner. If the Beneficiary does not begin installments by December 31st of the year following the year of death, no partial withdrawals will be permitted thereafter, and we require that the Beneficiary take the Death Benefit as a lump sum within the five-year deadline.

▪

If you die before a designated Beneficiary is named and before the date required minimum distributions must begin under the Code, the death benefit must be paid out by December 31 ^st of the year including the five-year anniversary of the date of death. For Annuities where multiple Beneficiaries have been named and at least one of the Beneficiaries does not qualify as a designated Beneficiary and the account has not been divided into separate accounts by December 31 ^st of the year following the year of death, such Annuity is deemed to have no designated Beneficiary. A designated Beneficiary may elect to apply the rules for no designated Beneficiary if those would provide a smaller payment requirement. If the Beneficiary does not begin installments by December 31st of the year following the year of death, no partial withdrawals will be permitted thereafter, and we require that the Beneficiary take the Death Benefit as a lump sum within the five-year deadline.

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▪

If you die before a designated Beneficiary is named and after the date required minimum distributions must begin under the Code, the death benefit must be paid out at least as rapidly as under the method then in effect. For Annuities where multiple Beneficiaries have been named and at least one of the Beneficiaries does not qualify as a designated Beneficiary and the account has not been divided into separate accounts by December 31 ^st of the year following the year of death, such Annuity is deemed to have no designated Beneficiary. A designated Beneficiary may elect to apply the rules for no designated Beneficiary if those would provide a smaller payment requirement.

A Beneficiary has the flexibility to take out more each year than mandated under the required minimum distribution rules. Note that in 2014, the U.S. Supreme Court ruled that Inherited IRAs, other than IRAs inherited by the owner’s spouse, do not qualify as retirement assets for purposes of protection under the federal bankruptcy laws.

Until withdrawn, amounts in a Qualified Annuity continue to be tax deferred. Amounts withdrawn each year, including amounts that are required to be withdrawn under the required minimum distribution rules, are subject to tax. You may wish to consult a professional tax adviser for tax advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the death benefit must be distributed under the same rules applied to IRAs where death occurs before the date required minimum distributions must begin under the Code.

Tax Penalty for Early Withdrawals from a Qualified Annuity You may owe a 10% tax penalty on the taxable part of distributions received from an IRA, SEP, Roth IRA, TDA or qualified retirement plan before you attain age 59½. Amounts are not subject to this tax penalty if:


▪	the amount is paid on or after you reach age 59½ or die;


▪	the amount received is attributable to your becoming disabled; or

▪

generally the amount paid or received is in the form of substantially equal payments (as defined in the Code) not less frequently than annually. (Please note that substantially equal payments must continue until the later of reaching age 59½ or five years. Modification of payments or additional contributions to the Annuity during that time period will result in retroactive application of the 10% tax penalty.)

Other exceptions to this tax may apply. You should consult your tax adviser for further details.

Withholding

We will withhold federal income tax at the rate of 20% for any eligible rollover distribution paid by us to or for a plan participant, unless such distribution is “directly” rolled over into another qualified plan, IRA (including the IRA variations described above), SEP, governmental 457(b) plan or TDA. An eligible rollover distribution is defined under the tax law as a distribution from an employer plan under 401(a), a TDA or a governmental 457(b) plan, excluding any distribution that is part of a series of substantially equal payments (at least annually) made over the life expectancy of the employee or the joint life expectancies of the employee and his designated Beneficiary, any distribution made for a specified period of 10 years or more, any distribution that is a required minimum distribution and any hardship distribution. Regulations also specify certain other items which are not considered eligible rollover distributions. We will not withhold for payments made from trustee owned Annuities or for payments under a 457 plan. For all other distributions, unless you elect otherwise, we will withhold federal income tax from the taxable portion of such distribution at an appropriate percentage. The rate of withholding on annuity payments where no mandatory withholding is required is determined on the basis of the withholding certificate that you file with us. If you do not file a certificate, we will automatically withhold federal taxes on the following basis:


▪	For any annuity payments not subject to mandatory withholding, you will have taxes withheld by us as if you are a married individual, with 3 exemptions


▪	If no U.S. taxpayer identification number is provided, we will automatically withhold using single with zero exemptions as the default; and


▪	For all other distributions, we will withhold at a 10% rate.

We will provide you with forms and instructions concerning the right to elect that no amount be withheld from payments in the ordinary course. However, you should know that, in any event, you are liable for payment of federal income taxes on the taxable portion of the distributions, and you should consult with your tax adviser to find out more information on your potential liability if you fail to pay such taxes. If you are a U.S. person (which includes a resident alien), and you request a payment be made to a non-U.S. address, we are required to withhold income tax. There may be additional state income tax withholding requirements.

ERISA Requirements

ERISA (the “Employee Retirement Income Security Act of 1974”) and the Code prevent a fiduciary and other “parties in interest” with respect to a plan (and, for these purposes, an IRA would also constitute a “plan”) from receiving any benefit from any party dealing with the plan, as a result of the sale of the Annuity. Administrative exemptions under ERISA generally permit the sale of insurance/annuity products to plans, provided that certain information is disclosed to the person purchasing the Annuity. This information has to do primarily with the fees, charges, discounts and other costs related to the Annuity, as well as any commissions paid to any agent selling the Annuity. Information about any applicable fees, charges, discounts, penalties or adjustments may be found in the applicable sections of this prospectus. Information about sales representatives and commissions may be found in the sections of this prospectus addressing distribution of the Annuities.

Other relevant information required by the exemptions is contained in the contract and accompanying documentation.

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Please consult with your tax adviser if you have any questions about ERISA and these disclosure requirements.

Spousal Consent Rules for Retirement Plans – Qualified Annuities

If you are married at the time your payments commence, you may be required by federal law to choose an income option that provides survivor annuity income to your spouse, unless your spouse waives that right. Similarly, if you are married at the time of your death, federal law may require all or a portion of the Death Benefit to be paid to your spouse, even if you designated someone else as your Beneficiary. A brief explanation of the applicable rules follows. For more information, consult the terms of your retirement arrangement.

Defined Benefit Plans and Money Purchase Pension Plans. If you are married at the time your payments commence, federal law requires that benefits be paid to you in the form of a “qualified joint and survivor annuity” (QJSA), unless you and your spouse waive that right, in writing. Generally, this means that you will receive a reduced payment during your life and, upon your death, your spouse will receive at least one-half of what you were receiving for life. You may elect to receive another income option if your spouse consents to the election and waives his or her right to receive the QJSA. If your spouse consents to the alternative form of payment, your spouse may not receive any benefits from the plan upon your death. Federal law also requires that the plan pay a Death Benefit to your spouse if you are married and die before you begin receiving your benefit. This benefit must be available in the form of an Annuity for your spouse’s lifetime and is called a “qualified pre-retirement survivor annuity” (QPSA). If the plan pays Death Benefits to other Beneficiaries, you may elect to have a Beneficiary other than your spouse receive the Death Benefit, but only if your spouse consents to the election and waives his or her right to receive the QPSA. If your spouse consents to the alternate Beneficiary, your spouse will receive no benefits from the plan upon your death. Any QPSA waiver prior to your attaining age 35 will become null and void on the first day of the calendar year in which you attain age 35, if still employed.

Defined Contribution Plans (including 401(k) Plans and ERISA 403(b) Annuities). Spousal consent to a distribution is generally not required. Upon your death, your spouse will receive the entire Death Benefit, even if you designated someone else as your Beneficiary, unless your spouse consents in writing to waive this right. Also, if you are married and elect an Annuity as a periodic income option, federal law requires that you receive a QJSA (as described above), unless you and your spouse consent to waive this right.

IRAs, non-ERISA 403(b) Annuities, and 457 Plans. Spousal consent to a distribution usually is not required. Upon your death, any Death Benefit will be paid to your designated Beneficiary.

ADDITIONAL CONSIDERATIONS

Reporting and Withholding for Escheated Amounts

In 2018, the Internal Revenue Service issued Revenue Ruling 2018-17, which provides that an amount transferred from an IRA to a state’s unclaimed property fund is subject to federal withholding at the time of transfer. The amount transferred is also subject to federal reporting. Consistent with this Ruling, beginning in 2019, we will withhold federal and state income taxes and report to the applicable Owner or Beneficiary as required by law when amounts are transferred to a state’s unclaimed property fund.

Gifts and Generation-skipping Transfers

If you transfer your Annuity to another person for less than adequate consideration, there may be gift tax consequences in addition to income tax consequences. Also, if you transfer your Annuity to a person two or more generations younger than you (such as a grandchild or grandniece) or to a person that is more than 37½ years younger than you, there may be generation-skipping transfer tax consequences.

Same Sex Marriages, Civil Unions and Domestic Partnerships

Please consult with your tax or legal adviser before electing the Spousal Benefit for a civil union partner or domestic partner.

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OTHER INFORMATION

PRUCO LIFE OF NEW JERSEY AND THE SEPARATE ACCOUNT

Pruco Life of New Jersey. Pruco Life Insurance Company of New Jersey (Pruco Life of New Jersey) is a stock life insurance company organized in 1982 under the laws of the State of New Jersey. It is licensed to sell life insurance and annuities in New Jersey and New York, and accordingly is subject to the laws of each of those states Pruco Life of New Jersey is an indirect wholly-owned subsidiary of The Prudential Insurance Company of America (Prudential), a New Jersey stock life insurance company that has been doing business since 1875. Prudential is a direct wholly-owned subsidiary of Prudential Financial, Inc. (Prudential Financial), a New Jersey insurance holding company. No company other than Pruco Life of New Jersey has any legal responsibility to pay amounts that Pruco Life of New Jersey owes under its annuity contracts. Among other things, this means that where you participate in an optional living benefit or death benefit and the value of that benefit (e.g., the Protected Withdrawal Value for Highest Daily Lifetime v3.0) exceeds your current Account Value, you would rely solely on the ability of Pruco Life of New Jersey to make payments under the benefit out of its own assets. As Pruco Life of New Jersey's ultimate parent, Prudential Financial, however, exercises significant influence over the operations and capital structure of Pruco Life of New Jersey.

Pruco Life of New Jersey incorporates by reference into the prospectus its latest annual report on Form 10-K filed pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (Exchange Act) since the end of the fiscal year covered by its latest annual report. In addition, all documents subsequently filed by Pruco Life of New Jersey pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act also are incorporated into the prospectus by reference. Pruco Life of New Jersey will provide to each person, including any beneficial Owner, to whom a prospectus is delivered, a copy of any or all of the information that has been incorporated by reference into the prospectus but not delivered with the prospectus. Such information will be provided upon written or oral request at no cost to the requester by writing to Pruco Life Insurance Company of New Jersey, One Corporate Drive, Shelton, CT 06484 or by calling 800-752-6342. Pruco Life of New Jersey files periodic reports as required under the Exchange Act. The SEC maintains an Internet site that contains reports, proxy, and information statements, and other information regarding issuers that file electronically with the SEC (see www.sec.gov ). Our internet address is www.prudentialannuities.com .

Pursuant to the delivery obligations under Section 5 of the Securities Act of 1933 and Rule 159 thereunder, Pruco Life of New Jersey delivers this prospectus to current contract owners that reside outside of the United States. In addition, we may not market or offer benefits, features or enhancements to prospective or current contract owners while outside of the United States.

Service Providers

Pruco Life of New Jersey conducts the bulk of its operations through staff employed by it or by affiliated companies within the Prudential Financial family. Certain discrete functions have been delegated to non-affiliates that could be deemed “service providers” under the Investment Company Act of 1940. The entities engaged by Pruco Life of New Jersey may change over time. As of December 31, 2018, non-affiliated entities that could be deemed service providers to Pruco Life of New Jersey and/or an affiliated insurer within the Pruco Life of New Jersey business unit consisted of those set forth in the table below.



Name of Service Provider	Services Provided	Address
Broadridge Investor Communication	Proxy services and regulatory mailings	51 Mercedes Way, Edgewood, NY 11717
EDM Americas	Records management and administration of annuity contracts	301 Fayetteville Street, Suite 1500, Raleigh, NC 27601
EXL Service Holdings, Inc	Administration of annuity contracts	350 Park Avenue, 10th Floor, New York, NY 10022
National Financial Services (NFS)	Clearing firm for Broker Dealers	82 Devonshire Street Boston, MA 02109
NEPS, LLC	Composition, printing, and mailing of contracts and benefit documents	12 Manor Parkway, Salem, NH 03079
Open Text, Inc	Fax Services	100 Tri-State International Parkway Licolnshire, IL 60069
PERSHING LLC	Clearing firm for Broker Dealers	One Pershing Plaza, Jersey City, NJ 07399
The Depository Trust Clearinghouse Corporation (DTCC)	Clearing and settlement services for Distributors and Carriers.	55 Water Street, 26th Floor, New York, NY 10041
Thomson Reuters	Tax reporting services	3 Times Square New York, NY 10036
Venio LLC d/b/a Keane	Claim related services	4031 University Drive, Suite 100, Fairfax, VA 22030

The Separate Account. We have established a Separate Account, the Pruco Life of New Jersey Flexible Premium Variable Annuity Account (Separate Account), to hold the assets that are associated with the Annuities. The Separate Account was established under New Jersey law on May 20, 1996, and is registered with the SEC under the Investment Company Act of 1940 as a unit investment trust, which is a type of investment company. The assets of the Separate Account are held in the name of Pruco Life of New Jersey and legally belong to us. Pruco Life of New Jersey segregates the Separate Account assets from all of its other assets. Thus, Separate Account assets that are held in support of the contracts are not chargeable with liabilities arising out of any other business we may conduct. The obligations under the Annuity are those of Pruco Life of New Jersey, which is the issuer of the Annuity and the depositor of the Separate Account. More detailed information about Pruco Life of New Jersey, including its audited consolidated financial statements, is provided in the Statement of Additional Information.

In addition to rights that we specifically reserve elsewhere in this prospectus, we reserve the right to perform any or all of the following:


▪	offer new Sub-accounts, eliminate Sub-Accounts, substitute Sub-accounts or combine Sub-accounts;

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▪	close Sub-accounts to additional Purchase Payments on existing Annuities or close Sub-accounts for Annuities purchased on or after specified dates;


▪	combine the Separate Account with other separate accounts;


▪	deregister the Separate Account under the Investment Company Act of 1940;


▪	manage the Separate Account as a management investment company under the Investment Company Act of 1940 or in any other form permitted by law;


▪	make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission’s interpretation thereof;


▪	establish a provision in the Annuity for federal income taxes if we determine, in our sole discretion, that we will incur a tax as the result of the operation of the Separate Account;


▪	make any changes required by federal or state laws with respect to annuity contracts; and


▪	to the extent dictated by any underlying Portfolio, impose a redemption fee or restrict transfers within any Sub-account.

We will first notify you and receive any necessary SEC and/or state approval before making such a change. If an underlying mutual fund is liquidated, we will ask you to reallocate any amount in the liquidated fund. If you do not reallocate these amounts, we will reallocate such amounts only in accordance with guidance provided by the SEC or its staff (or after obtaining an order from the SEC, if required). We reserve the right to substitute underlying Portfolios, as allowed by applicable law. If we make a fund substitution or change, we may change the Annuity contract to reflect the substitution or change. We do not control the underlying mutual funds, so we cannot guarantee that any of those funds will always be available.

If you are enrolled in a Dollar Cost Averaging, Automatic Rebalancing, or comparable programs while an underlying fund merger, substitution or liquidation takes place, unless otherwise noted in any communication from us, your Account Value invested in such underlying fund will be transferred automatically to the designated surviving fund in the case of mergers, the replacement fund in the case of substitutions, and an available money market fund in the case of fund liquidations. Your enrollment instructions will be automatically updated to reflect the surviving fund, the replacement fund or a money market fund for any continued and future investments.

The General Account. Our general obligations and any guaranteed benefits under the Annuity are supported by our general account and are subject to our claims paying ability. Assets in the general account are not segregated for the exclusive benefit of any particular contract or obligation. General account assets are also available to our general creditors and for conducting routine business activities, such as the payment of salaries, rent and other ordinary business expenses. The general account is subject to regulation and supervision by the New Jersey Department of Banking and Insurance and to the insurance laws and regulations of all jurisdictions where we are authorized to do business.

Fees and Payments Received by Pruco Life of New Jersey

As detailed below, Pruco Life of New Jersey and our affiliates receive substantial payments from the underlying Portfolios and/or related entities, such as the Portfolios’ advisers and subadvisers. Because these fees and payments are made to Pruco Life of New Jersey and our affiliates, allocations you make to the underlying Portfolios benefit us financially. In selecting Portfolios available under the Annuity, we consider the payments that will be made to us. For more information on factors we consider when selecting the Portfolios under the Annuity, see “Variable Investment Options” under “Investment Options” earlier in this prospectus.

We receive Rule 12b-1 fees which compensate our affiliate, Prudential Annuities Distributors, Inc., for distribution and administrative services (including recordkeeping services and the mailing of prospectuses and reports to Owners invested in the Portfolios). These fees are paid by the underlying Portfolio out of each Portfolio’s assets and are therefore borne by Owners.

We also receive administrative services payments from the advisers of the underlying Portfolios or their affiliates(not the Portfolios), which are referred to as “revenue sharing” payments. The maximum combined 12b-1 fees and revenue sharing payments we receive with respect to a Portfolio are generally equal to an annual rate of 0.55% of the average assets allocated to the Portfolio under the Annuity. We expect to make a profit on these fees and payments and consider them when selecting the Portfolios available under the Annuity.

In addition, an adviser or subadviser of a Portfolio or a distributor of the Annuity (not the Portfolios) may also compensate us by providing reimbursement, defraying the costs of, or paying directly for, among other things, marketing and/or administrative services and/or other services they provide in connection with the Annuity. These services may include, but are not limited to: sponsoring or co-sponsoring various promotional, educational or marketing meetings and seminars attended by distributors, wholesalers, and/or broker dealer firms’ registered representatives, and creating marketing material discussing the Annuity, available options, and underlying Portfolios. The amounts paid depend on the nature of the meetings, the number of meetings attended by the adviser, subadviser, or distributor, the number of participants and attendees at the meetings, the costs expected to be incurred, and the level of the adviser’s, subadviser’s or distributor’s participation. These payments or reimbursements may not be offered by all advisers, subadvisers, or distributors and the amounts of such payments may vary between and among each adviser, subadviser, and distributor depending on their respective participation. We may also consider these payments and reimbursements when selecting the Portfolios available under the Annuity. For the annual period ended December 31, 2018, with regard to the total annual amounts that were paid (or as to which a payment amount was accrued) under the kinds of arrangements described in this paragraph, the amounts for any particular adviser, subadviser or distributor ranged from $25,000.00 to $711,431.63. These amounts relate to all individual variable annuity contracts issued by Pruco Life of New Jersey or its affiliates, not only the Annuity covered by this prospectus.

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In addition to the payments that we receive from underlying Portfolios and/or their affiliates, those same Portfolios and/or their affiliates may make payments to us and/or other insurers within the Prudential Financial group related to the offering of investment options within variable annuities or life insurance offered by different Prudential business units.

Cyber Security Risks. We provide information about cyber security risks associated with this Annuity in the Statement of Additional Information.

LEGAL STRUCTURE OF THE UNDERLYING PORTFOLIOS

Each underlying Portfolio is registered as an open-end management investment company under the Investment Company Act of 1940. Shares of the underlying Portfolios are sold to separate accounts of life insurance companies offering variable annuity and variable life insurance products. The shares may also be sold directly to qualified pension and retirement plans.

Voting Rights

We are the legal owner of the shares of the underlying Portfolios in which the Sub-accounts invest. However, under current SEC rules, you have voting rights in relation to Account Value maintained in the Sub-accounts. If an underlying Portfolio requests a vote of shareholders, we will vote our shares based on instructions received from Owners with Account Value allocated to that Sub-account. Owners have the right to vote an amount equal to the number of shares attributable to their contracts. If we do not receive voting instructions in relation to certain shares, we will vote those shares in the same manner and proportion as the shares for which we have received instructions. This voting procedure is sometimes referred to as “mirror voting” because, as indicated in the immediately preceding sentence, we mirror the votes that are actually cast, rather than decide on our own how to vote. We will also “mirror vote” shares that are owned directly by us or an affiliate (excluding shares held in the separate account of an affiliated insurer). In addition, because all the shares of a given Portfolio held within our Separate Account are legally owned by us, we intend to vote all of such shares when that underlying Portfolio seeks a vote of its shareholders. As such, all such shares will be counted towards whether there is a quorum at the underlying Portfolio’s shareholder meeting and towards the ultimate outcome of the vote. Thus, under “mirror voting”, it is possible that the votes of a small percentage of contract holders who actually vote will determine the ultimate outcome.

We may, if required by state insurance regulations, disregard voting instructions if they would require shares to be voted so as to cause a change in the sub-classification or investment objectives of one or more of the available Variable Investment Options or to approve or disapprove an investment advisory contract for a Portfolio. In addition, we may disregard voting instructions that would require changes in the investment policy or investment adviser of one or more of the Portfolios associated with the available Variable Investment Options, provided that we reasonably disapprove such changes in accordance with applicable federal or state regulations. If we disregard Owner voting instructions, we will advise Owners of our action and the reasons for such action in the next available annual or semi-annual report.

We will furnish those Owners who have Account Value allocated to a Sub-account whose underlying Portfolio has requested a “proxy” vote with proxy materials and the necessary forms to provide us with their voting instructions. Generally, you will be asked to provide instructions for us to vote on matters such as changes in a fundamental investment strategy, adoption of a new investment advisory agreement, or matters relating to the structure of the underlying Portfolio that require a vote of shareholders. We reserve the right to change the voting procedures described above if applicable SEC rules change.

Material Conflicts

In the future, it may become disadvantageous for Separate Accounts of variable life insurance and variable annuity contracts to invest in the same underlying Portfolios. Neither the companies that invest in the Portfolios nor the Portfolios currently foresee any such disadvantage. The Board of Directors for each Portfolio intends to monitor events in order to identify any material conflict between variable life insurance and variable annuity Contract Owners and to determine what action, if any, should be taken. Material conflicts could result from such things as:


(1)	changes in state insurance law;


(2)	changes in federal income tax law;


(3)	changes in the investment management of any Variable Investment Option; or


(4)	differences between voting instructions given by variable life insurance and variable annuity Contract Owners.

Confirmations, Statements, and Reports

We send any statements and reports required by applicable law or regulation to you at your last known address of record. You should therefore give us prompt notice of any address change. We reserve the right, to the extent permitted by law and subject to your prior consent, to provide any prospectus, prospectus supplements, confirmations, statements and reports required by applicable law or regulation to you through our Internet Website at www.prudentialannuities.com or any other electronic means. We generally send a confirmation statement to you each time a financial transaction is made affecting Account Value, such as making additional Purchase Payments, transfers, exchanges or withdrawals. We also send quarterly statements detailing the activity affecting your Annuity during the calendar quarter, if there have been transactions during the quarter. We may confirm regularly scheduled transactions, including, but not limited to the Annual Maintenance Fee, systematic withdrawals (including 72(t)/72(q) payments and Required Minimum Distributions), electronic funds transfer, Dollar Cost Averaging, auto rebalancing, and the Custom Portfolios Program in quarterly statements instead of confirming them immediately. You should review the information in these statements carefully. You may request additional reports or copies of reports previously sent. We reserve the right to charge $50 for each such additional or previously sent report, but may waive that charge in the future. We will also send an annual report and a semi-annual report containing applicable financial statements for the Portfolios to Owners or, with your prior consent, make such documents available electronically through our Internet Website or other electronic means. Beginning on January 1, 2021, paper copies of the annual and semi-annual shareholder reports will no longer be sent by mail, unless you

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specifically request paper copies of the reports from us. Instead, the reports will be made available on our website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

DISTRIBUTION OF ANNUITIES OFFERED BY PRUCO LIFE OF NEW JERSEY

Prudential Annuities Distributors, Inc. (PAD), a wholly-owned subsidiary of Prudential Annuities, Inc., is the distributor and principal underwriter of the Annuities offered through this prospectus. PAD acts as the distributor of a number of annuity and life insurance products and the AST Portfolios. PAD’s principal business address is One Corporate Drive, Shelton, Connecticut 06484. PAD is registered as a broker/dealer under the Securities Exchange Act of 1934 (Exchange Act), and is a member of the Financial Industry Regulatory Authority (FINRA). Each Annuity is offered on a continuous basis. PAD enters into distribution agreements with both affiliated and unaffiliated broker/dealers who are registered under the Exchange Act (collectively, “Firms”). The affiliated broker-dealer, Pruco Securities, LLC is an indirect wholly-owned subsidiary of Prudential Financial that sells variable annuity and variable life insurance (among other products) through its registered representatives. Applications for each Annuity are solicited by registered representatives of the Firms. PAD utilizes a network of its own registered representatives to wholesale the Annuities to Firms. Because the Annuities offered through this prospectus are insurance products as well as securities, all registered representatives who sell the Annuities are also appointed insurance agents of Pruco Life of New Jersey.

In connection with the sale and servicing of the Annuity, Firms may receive cash compensation and/or non-cash compensation. Cash compensation includes discounts, concessions, fees, service fees, commissions, asset based sales charges, loans, overrides, or any cash employee benefit received in connection with the sale and distribution of variable contracts. Non-cash compensation includes any form of compensation received in connection with the sale and distribution of variable contracts that is not cash compensation, including but not limited to merchandise, gifts, travel expenses, meals and lodging.

Under the selling agreements, cash compensation in the form of commissions is paid to Firms on sales of the Annuity according to one or more schedules. The selling registered representative will receive all or a portion of the cash compensation, depending on the practice of his or her Firm. Commissions are generally based on a percentage of Purchase Payments made, up to a maximum of 6.0% for the X Series, 7.0% for the B Series 5.50% for the L Series and 2.0% for the C Series. Alternative compensation schedules are available that generally provide a lower initial commission plus ongoing quarterly compensation based on all or a portion of Account Value. We may also provide cash compensation to the distributing Firm for providing ongoing service to you in relation to the Annuity. These payments may be made in the form of percentage payments based upon “Assets under Management” or “AUM,” (total assets), subject to certain criteria in certain Pruco Life products. These payments may also be made in the form of percentage payments based upon the total amount of money received as Purchase Payments under Pruco Life annuity products sold through the Firm.

In addition, in an effort to promote the sale of our products (which may include the placement of Pruco Life of New Jersey and/or the Annuity on a preferred or recommended company or product list and/or access to the Firm's registered representatives), we, or PAD, may enter into non-cash compensation arrangements with certain Firms with respect to certain or all registered representatives of such Firms under which such Firms may receive fixed payments or reimbursement. These types of fixed payments are made directly to or in sponsorship of the Firm and may include, but are not limited to payment for: training of sales personnel; marketing and/or administrative services and/or other services they provide to us or our affiliates; educating customers of the firm on the Annuity's features; conducting due diligence and analysis; providing office access, operations, systems and other support; holding seminars intended to educate registered representatives and make them more knowledgeable about the Annuities; conferences (national, regional and top producer); sponsorships; speaker fees; promotional items; a dedicated marketing coordinator; priority sales desk support; expedited marketing compliance approval and preferred programs to PAD; and reimbursements to Firms for marketing activities or other services provided by third-party vendors to the Firms and/or their registered representatives. To the extent permitted by FINRA rules and other applicable laws and regulations, we or PAD may also pay or allow other promotional incentives or payments in other forms of non-cash compensation (e.g., gifts, occasional meals and entertainment, sponsorship of due diligence events). Under certain circumstances, Portfolio advisers/subadvisers or other organizations with which we do business (“Entities”) may also receive incidental non-cash compensation, such as meals and nominal gifts. The amount of this non-cash compensation varies widely because some may encompass only a single event, such as a conference, and others have a much broader scope.

Cash and/or non-cash compensation may not be offered to all Firms and Entities and the terms of such compensation may differ between Firms and Entities. In addition, we or our affiliates may provide such compensation, payments and/or incentives to Firms or Entities arising out of the marketing, sale and/or servicing of variable annuities or life insurance offered by different Prudential business units.

The lists below includes the names of the Firms and Entities that we are aware (as of December 31, 2018) received compensation with respect to our annuity business generally during 2018 (or as to which a payment amount was accrued during 2018). The Firms and Entities listed include those receiving non-cash and/or cash compensation (as indicated below) in connection with marketing of products issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Your registered representative can provide you with more information about the compensation arrangements that apply upon request. Each of these Annuities also is distributed by other selling Firms that previously were appointed only with our affiliate Prudential Annuities Life Assurance Corporation (“PALAC”). Such other selling Firms may have received compensation similar to the types discussed above with respect to their sale of PALAC annuities. In addition, such other selling Firms may, on a going forward basis, receive substantial compensation that is not reflected in this 2018 retrospective depiction. During 2018, non-cash compensation received by Firms and Entities ranged from $32.10 to $725,502.92. During 2018, cash compensation received by Firms ranged from $1.20 to $18,586,082.28.

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All of the Firms and Entities listed below received non-cash compensation during 2018. In addition, Firms in bold also received cash compensation during 2018.



1st Global Capital Corp.	Financial Security Management, Inc.	Park Avenue Securities, LLC
Advisor Group	First Citizens Bank	Parkland Securities
Aegon Transamerica	First Financial Services	People's Securities
Afore Met Life	First Heartland Capital, Inc.	PEPCO Holdings
AFS Brokerage, Inc.	First Protective Insurance Group	PIMCO
AFS Financial Group, LLC	First Tennessee Brokerage, Inc	PlanMember Securities Corp.
AIG Advisor Group	Foresters Equity Services Inc.	PNC Bank
Allegheny Investments LTD.	Fortune Financial Services, Inc.	PNC Investments, LLC
Allegis Insurance Agency, Inc.	Founders Financial Securities, LLC	Presidential Brokerage
Allen & Company of Florida, Inc.	Franklin Square Capital Partners	Principal Financial Group
Alliance Bernstein L.P.	Franklin Templeton	ProEquities
Allianz	FSC Securities Corp.	Prospera Financial Services, Inc.
Allstate Financial Srvcs, LLC	Garden State Securities, Inc.	Prudential Annuities
ALPS Distributors, Inc.	GCG Financial	Purshe Kaplan Sterling Investments
AMERICAN PORTFOLIO FIN SVCS INC	Geneos Wealth Management, Inc.	Questar Capital Corporation
Ameritas Investment Corp.	Goldman Sachs & Co.	Raymond James Financial Svcs
Anchor Bay Securities, LLC	GWN Securities, Inc.	RBC CAPITAL MARKETS CORPORATION
Annuity Partners	H. Beck, Inc.	RCM&D Inc.
AON	H.D. Vest Investment	Resource Horizon Group, LLC
AQR Capital Management	Hantz Financial Services,Inc.	Retirement Benefits Group, LLC
Arete Wealth Management	Harbour Investment, Inc.	RNR Securities, L.L.C.
Arlington Securities, Inc.	Hornor, Townsend & Kent, Inc.	Robert W. Baird & Co., Inc.
Astoria Federal Savings	HSBC	Royal Alliance Associates
AXA Advisors, LLC	Independent Financial Grp, LLC	SA Stone Wealth Management
Ballew Investments	Individual Client	SAGEPOINT FINANCIAL, INC.
Bank of Oklahoma	Infinex Financial Group	Sammons Securities Co., LLC
Bank of the West	Insured Retirement Institute	Santander
BB&T Investment Services, Inc.	Intervest International	Saxony Securities, Inc.
BBVA Compass Investment Solutions, Inc.	Invest Financial Corporation	Schroders Investment Management
BCG Securities, Inc.	Investacorp	Scott & Stringfellow
Berthel Fisher & Company	Investment Professionals	Securian Financial Svcs, Inc.
BlackRock Financial Management Inc.	J.J.B. Hilliard Lyons, Inc.	Securities America, Inc.
BOSC, Inc.	J.P. Morgan	Securities Service Network
Broker Dealer Financial Services	J.W. Cole Financial, Inc.	Sigma Financial Corporation
Brokers International	Janney Montgomery Scott, LLC.	Signator Investors, Inc.
Cadaret, Grant & Co., Inc.	Jennison Associates, LLC	SII Investments, Inc.
Calton & Associates, Inc	Jennison Dryden Mutual Funds	Sorrento Pacific Financial LLC
Cambridge Advisory Group	John Hancock	Specialized Schedulers
Cambridge Investment Research, Inc.	Kestra Financial, Inc.	Sterling Monroe Securities, LLC
CAPE SECURITIES, INC.	KEY INVESTMENT SERVICES LLC	Stifel Nicolaus & Co.
Capital Analysts	KMS Financial Services, Inc.	Strategic Advisors, Inc.
Capital Financial Services	Kovack Securities, Inc.	STRATEGIC FIN ALLIANCE INC
Capital Investment Group, Inc.	LANC	Summit Brokerage Services, Inc
Capitol Securities Management, Inc.	LaSalle St. Securities, LLC	Sunbelt Business Advisors
Castle Rock Investment Company	LAX-Prudential	Sunbelt Securities, Inc.
Centaurus Financial, Inc.	Legg Mason	Sunset Financial Services, Inc
Cetera Advisor Network LLC	Lewis Financial Group, L.C.	SunTrust Investment Services, Inc.
Cetera Financial Group LLC	Lincoln Financial Advisors	SWBC Investment Services
Cetera Investment Services	Lincoln Financial Securities Corporation	T. Rowe Price Group, Inc.
CFD Investments, Inc.	Lincoln Investment Planning	TFS Securities, Inc.
CHAR	Lion Street	The Investment Center

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Citigroup Global Markets Inc.	LPL Financial Corporation	The O.N. Equity Sales Co.
Citizens Bank and Trust Company	M and T Bank Corporation	The Prudential Insurance Company of America
Citizens Securities, Inc.	M Holdings Securities, Inc	The Strategic Financial Alliance Inc.
Client One Securities LLC	Mass Mutual Financial Group	Touchstone Investments
CMDA	Merrill Lynch, P,F,S	TransAmerica Financial Advisors, Inc.
COMERICA SECURITIES, INC.	MFS	Triad Advisors, Inc.
Commonwealth Financial Network	MML Investors Services, Inc.	Trustmont Financial Group, Inc.
Comprehensive Asset Management	Money Concepts Capital Corp.	UBS Financial Services, Inc.
Coordinated Capital Securities Inc	Morgan Stanley Smith Barney	Umpqua Investments
COPA	Mountain Development	United Planners Fin. Serv.
Country Financial	Mutual of Omaha Bank	US Bank
Craig Schubert	National Planning Corporation	USA Financial Securities Corp.
Creative Capital	National Securities Corp.	VALIC Financial Advisors, Inc
Crescent Securities Group	Neuberger Berman	VOYA Financial Advisors
Crown Capital Securities, L.P.	Newbridge Securities Corp.	WADDELL & REED INC.
CUNA Brokerage Svcs, Inc.	Next Financial Group, Inc.	WAYNE HUMMER INVESTMENTS LLC
CUSO Financial Services, L.P.	NFP (National Financial Partners Corporation)	Wellington Asset Mgt.
David Lerner and Associates	NOCA	Wells Fargo Advisors LLC
Eaton Vance	North Ridge Securities Corp.	WELLS FARGO ADVISORS LLC - WEALTH
Edward Jones & Co.	Omnivest, Inc.	Wells Fargo Investments LLC
Equity Services, Inc.	OneAmerica Securities, Inc.	WFG Investments, Inc.
Fidelity Investments	OPPENHEIMER & CO, INC.	Wintrust Financial Corporation
Fifth Third Securities, Inc.	Pacific Life Insurance Company	Woodbury Financial Services
Financial Planning Consultants	Packerland Brokerage Svcs, Inc	World Equity Group, Inc.

The Firms listed below received cash compensation during 2018 but did not receive any non-cash compensation.

ASSOCIATED SECURITIES CORP

BFT Financial Group, LLC

BB&T Investment Services, Inc.

M Holdings Securities, Inc

Mutual Service Corporation

WATERSTONE FINANCIAL GROUP INC

Wells Fargo Investments LLC

You should note that Firms and individual registered representatives and branch managers with some Firms participating in one of these compensation arrangements might receive greater compensation for selling the Annuities than for selling a different annuity that is not eligible for these compensation arrangements. While compensation is generally taken into account as an expense in considering the charges applicable to an annuity product, any such compensation will be paid by us or PAD and will not result in any additional charge to you or to the Separate Account. Cash and non-cash compensation varies by annuity product, and such differing compensation could be a factor in which annuity a financial professional recommends to you. Your registered representative can provide you with more information about the compensation arrangements that apply upon request.

FINANCIAL STATEMENTS

The financial statements of the Separate Account and Pruco Life of New Jersey are included in the Statement of Additional Information.

INDEMNIFICATION

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Securities Act”) may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

LEGAL PROCEEDINGS

Litigation and Regulatory Matters

Pruco Life of New Jersey is subject to legal and regulatory actions in the ordinary course of our business. Pending legal and regulatory actions include proceedings specific to Pruco Life of New Jersey and proceedings generally applicable to business practices in the industry in which we operate. Pruco Life of New Jersey is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. Pruco Life of New Jersey

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is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, Pruco Life of New Jersey, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus.

Pruco Life of New Jersey’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. In some of Pruco Life of New Jersey’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. It is possible that Pruco Life of New Jersey’s results of operations or cash flow in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flow for such period. In light of the unpredictability of Pruco Life of New Jersey’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on Pruco Life of New Jersey’s financial position. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on: the Separate Account; the ability of PAD to perform its contract with the Separate Account; or Pruco Life of New Jersey's ability to meet its obligations under the Contracts.

CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION

The following are the contents of the Statement of Additional Information:


▪	Company


▪	Experts


▪	Principal Underwriter


▪	Payments Made to Promote Sale of Our Products


▪	Cyber Security Risks


▪	Determination of Accumulation Unit Values


▪	Financial Statements

HOW TO CONTACT US

Please communicate with us using the telephone number and addresses below for the purposes described. Failure to send mail to the proper address may result in a delay in our receiving and processing your request.

Prudential’s Customer Service Team

Call our Customer Service Team at 1-888-PRU-2888 during normal business hours.

Internet

Access information about your Annuity through our website: www.prudentialannuities.com

Correspondence Sent by Regular Mail

Prudential Annuity Service Center

P.O. Box 7960

Philadelphia, PA 19176

Correspondence Sent by Overnight*, Certified or Registered Mail

Prudential Annuity Service Center

2101 Welsh Road

Dresher, PA 19025

*Please note that overnight correspondence sent through the United States Postal Service may be delivered to the P.O. Box listed above, which could delay receipt of your correspondence at our Service Center. Overnight mail sent through other methods (e.g., Federal Express, United Parcel Service) will be delivered to the address listed below.

Correspondence sent by regular mail to our Service Center should be sent to the address shown above. Your correspondence will be picked up at this address and then delivered to our Service Center. Your correspondence is not considered received by us until it is received at our Service Center. Where this prospectus refers to the day when we receive a purchase payment, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last requirement needed for us to process that item) arrives in complete and proper form at our Service Center or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives at our Service Center (1) on a day that is not a business day, or (2) after the close of a business day, then, in each case, we are deemed to have received that item on the next business day.

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You can obtain account information by calling our automated response system and at www.prudentialannuities.com, our Internet Website. Our Customer Service representatives are also available during business hours to provide you with information about your account. You can request certain transactions through our telephone voice response system, our Internet Website or through a customer service representative. You can provide authorization for a third party, including your attorney-in-fact acting pursuant to a power of attorney, to access your account information and perform certain transactions on your account. You will need to complete a form provided by us which identifies those transactions that you wish to authorize via telephonic and electronic means and whether you wish to authorize a third party to perform any such transactions. Please note that unless you tell us otherwise, we deem that all transactions that are directed by your financial professional with respect to your Annuity have been authorized by you. We require that you or your representative provide proper identification before performing transactions over the telephone or through our Internet Website. This may include a Personal Identification Number (PIN) that will be provided to you upon issue of your Annuity or you may establish or change your PIN by calling our automated response system and at www.prudentialannuities.com, our Internet Website. Any third party that you authorize to perform financial transactions on your account will be assigned a PIN for your account.

Transactions requested via telephone are recorded. To the extent permitted by law, we will not be responsible for any claims, loss, liability or expense in connection with a transaction requested by telephone or other electronic means if we acted on such transaction instructions after following reasonable procedures to identify those persons authorized to perform transactions on your Annuity using verification methods which may include a request for your Social Security number, PIN or other form of electronic identification. We may be liable for losses due to unauthorized or fraudulent instructions if we did not follow such procedures.

Pruco Life of New Jersey does not guarantee access to telephonic, facsimile, Internet or any other electronic information or that we will be able to accept transaction instructions via such means at all times. Nor, due to circumstances beyond our control, can we provide any assurances as to the delivery of transaction instructions submitted to us by regular and/or express mail. Regular and/or express mail (if operational) will be the only means by which we will accept transaction instructions when telephonic, facsimile, Internet or any other electronic means are unavailable or delayed. Pruco Life of New Jersey reserves the right to limit, restrict or terminate telephonic, facsimile, Internet or any other electronic transaction privileges at any time.

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APPENDIX A – ACCUMULATION UNIT VALUES

As we have indicated throughout this prospectus, each Annuity is a contract that allows you to select or decline any of several features that carries with it a specific asset-based charge. We maintain a unique Unit Value corresponding to each combination of such contract features.

Here, we set forth the historical Unit Values corresponding to the lowest charge level for each Series and the highest charge level for each Series. This Appendix includes outstanding units for each such sub-account, which may include other variable annuities offered, as of the dates shown. In the Statement of Additional Information, which is available free of charge upon request, we set forth Unit Values corresponding to the remaining charge levels.

A-1



PREMIER RETIREMENT X SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: Basic Death Benefit Only (1.85%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96776	$10.80355	1,040,948
01/01/2011 to 12/31/2011	$10.80355	$10.32201	1,530,262
01/01/2012 to 12/31/2012	$10.32201	$11.40400	2,662,972
01/01/2013 to 12/31/2013	$11.40400	$12.30947	2,604,973
01/01/2014 to 12/31/2014	$12.30947	$12.54311	2,374,448
01/01/2015 to 12/31/2015	$12.54311	$11.91478	2,032,208
01/01/2016 to 12/31/2016	$11.91478	$12.43582	1,817,695
01/01/2017 to 12/31/2017	$12.43582	$13.74250	1,828,506
01/01/2018 to 12/31/2018	$13.74250	$12.38967	1,350,368
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97845	$10.90934	1,376,630
01/01/2011 to 12/31/2011	$10.90934	$10.71983	2,440,768
01/01/2012 to 12/31/2012	$10.71983	$11.95732	4,968,705
01/01/2013 to 12/31/2013	$11.95732	$13.67933	5,258,776
01/01/2014 to 12/31/2014	$13.67933	$14.24637	5,063,988
01/01/2015 to 12/31/2015	$14.24637	$14.09512	4,820,887
01/01/2016 to 12/31/2016	$14.09512	$14.81814	4,597,419
01/01/2017 to 12/31/2017	$14.81814	$17.00668	4,336,956
01/01/2018 to 12/31/2018	$17.00668	$15.70790	3,977,680
AST AQR Emerging Markets Equity Portfolio
02/25/2013* to 12/31/2013	$9.99847	$10.07784	713
01/01/2014 to 12/31/2014	$10.07784	$9.58226	2,489
01/01/2015 to 12/31/2015	$9.58226	$7.94470	2,486
01/01/2016 to 12/31/2016	$7.94470	$8.84042	606
01/01/2017 to 12/31/2017	$8.84042	$11.71009	3,486
01/01/2018 to 12/31/2018	$11.71009	$9.31373	3,282
AST AQR Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99847	$11.62116	0
01/01/2014 to 12/31/2014	$11.62116	$12.90832	425
01/01/2015 to 12/31/2015	$12.90832	$12.88832	542
01/01/2016 to 12/31/2016	$12.88832	$14.00445	542
01/01/2017 to 12/31/2017	$14.00445	$16.78879	491
01/01/2018 to 12/31/2018	$16.78879	$15.13624	10,851
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98872	$10.76175	2,000,393
01/01/2011 to 12/31/2011	$10.76175	$10.43457	3,031,049
01/01/2012 to 12/31/2012	$10.43457	$11.51897	4,746,908
01/01/2013 to 12/31/2013	$11.51897	$13.30116	4,935,935
01/01/2014 to 12/31/2014	$13.30116	$13.90656	4,764,628
01/01/2015 to 12/31/2015	$13.90656	$13.71430	4,531,358
01/01/2016 to 12/31/2016	$13.71430	$14.30895	4,351,748
01/01/2017 to 12/31/2017	$14.30895	$16.13844	4,138,124
01/01/2018 to 12/31/2018	$16.13844	$15.05683	3,816,801

A-2



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99847	$9.15446	196,259
01/01/2012 to 12/31/2012	$9.15446	$10.05366	597,369
01/01/2013 to 12/31/2013	$10.05366	$10.93859	603,058
01/01/2014 to 12/31/2014	$10.93859	$11.26169	597,553
01/01/2015 to 12/31/2015	$11.26169	$10.72168	596,415
01/01/2016 to 12/31/2016	$10.72168	$11.25622	569,266
01/01/2017 to 12/31/2017	$11.25622	$12.44194	577,661
01/01/2018 to 12/31/2018	$12.44194	$11.56585	512,790
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00789	$10.09014	108,431
01/01/2011 to 12/31/2011	$10.09014	$10.12632	171,061
01/01/2012 to 12/31/2012	$10.12632	$10.40533	235,354
01/01/2013 to 12/31/2013	$10.40533	$9.99083	215,359
01/01/2014 to 12/31/2014	$9.99083	$9.79656	198,582
01/01/2015 to 12/31/2015	$9.79656	$9.66179	194,909
01/01/2016 to 12/31/2016	$9.66179	$9.63914	161,017
01/01/2017 to 12/31/2017	$9.63914	$9.62286	237,664
01/01/2018 to 12/31/2018	$9.62286	$9.51398	208,235
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00681	$10.36307	1,334,534
01/01/2011 to 12/31/2011	$10.36307	$10.49495	1,920,716
01/01/2012 to 12/31/2012	$10.49495	$11.26084	3,068,847
01/01/2013 to 12/31/2013	$11.26084	$10.84947	3,238,618
01/01/2014 to 12/31/2014	$10.84947	$11.09929	3,104,364
01/01/2015 to 12/31/2015	$11.09929	$10.66430	2,774,330
01/01/2016 to 12/31/2016	$10.66430	$10.90997	2,661,702
01/01/2017 to 12/31/2017	$10.90997	$11.17580	2,761,798
01/01/2018 to 12/31/2018	$11.17580	$10.89561	2,314,489
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97763	$10.84253	1,330,788
01/01/2011 to 12/31/2011	$10.84253	$10.38402	1,668,758
01/01/2012 to 12/31/2012	$10.38402	$11.59031	2,574,655
01/01/2013 to 12/31/2013	$11.59031	$13.95605	2,914,872
01/01/2014 to 12/31/2014	$13.95605	$14.65605	3,014,254
01/01/2015 to 12/31/2015	$14.65605	$14.46166	2,982,273
01/01/2016 to 12/31/2016	$14.46166	$15.16510	2,860,489
01/01/2017 to 12/31/2017	$15.16510	$17.54819	2,984,878
01/01/2018 to 12/31/2018	$17.54819	$16.15089	2,785,645
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99847	$11.64274	28,082
01/01/2014 to 12/31/2014	$11.64274	$12.98266	36,321
01/01/2015 to 12/31/2015	$12.98266	$12.28727	40,319
01/01/2016 to 12/31/2016	$12.28727	$13.85675	161,084
01/01/2017 to 12/31/2017	$13.85675	$16.10420	173,579
01/01/2018 to 12/31/2018	$16.10420	$15.05150	137,564
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95986	$11.79603	61,079
01/01/2011 to 12/31/2011	$11.79603	$12.34114	113,614
01/01/2012 to 12/31/2012	$12.34114	$13.97161	212,867
01/01/2013 to 12/31/2013	$13.97161	$14.14285	237,803
01/01/2014 to 12/31/2014	$14.14285	$18.17255	223,219
01/01/2015 to 12/31/2015	$18.17255	$18.70039	238,421
01/01/2016 to 12/31/2016	$18.70039	$19.23907	233,292
01/01/2017 to 12/31/2017	$19.23907	$20.06337	246,527
01/01/2018 to 12/31/2018	$20.06337	$18.75390	234,356

A-3



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97594	$11.02450	991,332
01/01/2011 to 12/31/2011	$11.02450	$10.65807	1,639,606
01/01/2012 to 12/31/2012	$10.65807	$11.57318	2,858,745
01/01/2013 to 12/31/2013	$11.57318	$13.03586	2,989,467
01/01/2014 to 12/31/2014	$13.03586	$13.19784	2,881,487
01/01/2015 to 12/31/2015	$13.19784	$13.08201	2,776,975
01/01/2016 to 12/31/2016	$13.08201	$13.38666	2,635,719
01/01/2017 to 12/31/2017	$13.38666	$15.30403	2,539,633
01/01/2018 to 12/31/2018	$15.30403	$13.85611	2,306,813
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97014	$11.55536	12,944
01/01/2011 to 12/31/2011	$11.55536	$10.77031	27,323
01/01/2012 to 12/31/2012	$10.77031	$13.40428	60,371
01/01/2013 to 12/31/2013	$13.40428	$13.72837	59,184
01/01/2014 to 12/31/2014	$13.72837	$15.35046	59,054
01/01/2015 to 12/31/2015	$15.35046	$15.05303	56,197
01/01/2016 to 12/31/2016	$15.05303	$14.90736	56,368
01/01/2017 to 12/31/2017	$14.90736	$16.22523	54,886
01/01/2018 to 12/31/2018	$16.22523	$15.17344	48,504
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99171	$10.77467	71,918
01/01/2011 to 12/31/2011	$10.77467	$9.99185	103,868
01/01/2012 to 12/31/2012	$9.99185	$11.73538	173,488
01/01/2013 to 12/31/2013	$11.73538	$15.38187	187,463
01/01/2014 to 12/31/2014	$15.38187	$17.07993	182,948
01/01/2015 to 12/31/2015	$17.07993	$15.98920	299,499
01/01/2016 to 12/31/2016	$15.98920	$17.50538	279,759
01/01/2017 to 12/31/2017	$17.50538	$18.85706	411,630
01/01/2018 to 12/31/2018	$18.85706	$16.92822	351,570
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01979	$11.42605	93,425
01/01/2011 to 12/31/2011	$11.42605	$10.88116	161,552
01/01/2012 to 12/31/2012	$10.88116	$12.77433	291,504
01/01/2013 to 12/31/2013	$12.77433	$16.57435	386,707
01/01/2014 to 12/31/2014	$16.57435	$18.14290	348,792
01/01/2015 to 12/31/2015	$18.14290	$16.79478	534,255
01/01/2016 to 12/31/2016	$16.79478	$16.75599	503,332
01/01/2017 to 12/31/2017	$16.75599	$20.90247	455,614
01/01/2018 to 12/31/2018	$20.90247	$19.62154	404,609
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98821	$10.71140	429,303
01/01/2011 to 12/31/2011	$10.71140	$10.46023	795,537
01/01/2012 to 12/31/2012	$10.46023	$11.30645	1,309,639
01/01/2013 to 12/31/2013	$11.30645	$12.18719	1,280,396
01/01/2014 to 12/31/2014	$12.18719	$12.44507	1,169,703
01/01/2015 to 12/31/2015	$12.44507	$12.10369	1,037,110
01/01/2016 to 12/31/2016	$12.10369	$12.50464	935,596
01/01/2017 to 12/31/2017	$12.50464	$13.78158	1,012,981
01/01/2018 to 12/31/2018	$13.78158	$12.57063	773,567

A-4



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96509	$11.50123	102,749
01/01/2011 to 12/31/2011	$11.50123	$11.43580	174,123
01/01/2012 to 12/31/2012	$11.43580	$12.98500	274,080
01/01/2013 to 12/31/2013	$12.98500	$17.69151	293,010
01/01/2014 to 12/31/2014	$17.69151	$18.61406	257,801
01/01/2015 to 12/31/2015	$18.61406	$17.26588	223,683
01/01/2016 to 12/31/2016	$17.26588	$21.06748	186,462
01/01/2017 to 12/31/2017	$21.06748	$23.19910	188,751
01/01/2018 to 12/31/2018	$23.19910	$19.56537	162,337
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99847	$9.85245	132,927
01/01/2011 to 12/31/2011	$9.85245	$9.67264	341,637
01/01/2012 to 12/31/2012	$9.67264	$9.49388	289,981
01/01/2013 to 12/31/2013	$9.49388	$9.31835	239,503
01/01/2014 to 12/31/2014	$9.31835	$9.14602	321,251
01/01/2015 to 12/31/2015	$9.14602	$8.97687	249,571
01/01/2016 to 12/31/2016	$8.97687	$8.81132	216,658
01/01/2017 to 12/31/2017	$8.81132	$8.67818	223,599
01/01/2018 to 12/31/2018	$8.67818	$8.62752	304,229
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98444	$10.77285	119,893
01/01/2011 to 12/31/2011	$10.77285	$10.90929	174,815
01/01/2012 to 12/31/2012	$10.90929	$12.19282	286,715
01/01/2013 to 12/31/2013	$12.19282	$12.82656	264,013
01/01/2014 to 12/31/2014	$12.82656	$12.91135	218,518
01/01/2015 to 12/31/2015	$12.91135	$12.22088	214,866
01/01/2016 to 12/31/2016	$12.22088	$13.84211	182,872
01/01/2017 to 12/31/2017	$13.84211	$14.60181	189,107
01/01/2018 to 12/31/2018	$14.60181	$14.04554	195,843
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99045	$10.62894	37,585
01/01/2011 to 12/31/2011	$10.62894	$9.99613	66,476
01/01/2012 to 12/31/2012	$9.99613	$11.46771	185,284
01/01/2013 to 12/31/2013	$11.46771	$15.74223	379,037
01/01/2014 to 12/31/2014	$15.74223	$17.57498	348,168
01/01/2015 to 12/31/2015	$17.57498	$15.89813	242,067
01/01/2016 to 12/31/2016	$15.89813	$18.70787	214,322
01/01/2017 to 12/31/2017	$18.70787	$21.88701	213,446
01/01/2018 to 12/31/2018	$21.88701	$18.43995	269,516
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92930	$11.26762	116,237
01/01/2011 to 12/31/2011	$11.26762	$9.63007	167,132
01/01/2012 to 12/31/2012	$9.63007	$11.37668	183,325
01/01/2013 to 12/31/2013	$11.37668	$13.29421	284,495
01/01/2014 to 12/31/2014	$13.29421	$12.32735	299,934
01/01/2015 to 12/31/2015	$12.32735	$12.48016	172,519
01/01/2016 to 12/31/2016	$12.48016	$11.78691	198,650
01/01/2017 to 12/31/2017	$11.78691	$15.66807	174,624
01/01/2018 to 12/31/2018	$15.66807	$13.32669	162,366

A-5



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92917	$10.80592	42,103
01/01/2011 to 12/31/2011	$10.80592	$9.27520	65,551
01/01/2012 to 12/31/2012	$9.27520	$10.62158	114,257
01/01/2013 to 12/31/2013	$10.62158	$12.45452	138,548
01/01/2014 to 12/31/2014	$12.45452	$11.40464	143,439
01/01/2015 to 12/31/2015	$11.40464	$11.28509	136,091
01/01/2016 to 12/31/2016	$11.28509	$11.14105	143,714
01/01/2017 to 12/31/2017	$11.14105	$13.43025	140,103
01/01/2018 to 12/31/2018	$13.43025	$11.05352	107,431
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00670	$10.61020	0
01/01/2011 to 12/31/2011	$10.61020	$11.71022	9,672,456
01/01/2012 to 12/31/2012	$11.71022	$12.57380	3,829,689
01/01/2013 to 12/31/2013	$12.57380	$11.94846	535,354
01/01/2014 to 12/31/2014	$11.94846	$12.51669	737,820
01/01/2015 to 12/31/2015	$12.51669	$12.42925	2,862,842
01/01/2016 to 12/31/2016	$12.42925	$12.71273	2,950,686
01/01/2017 to 12/31/2017	$12.71273	$13.01623	1,299,179
01/01/2018 to 12/31/2018	$13.01623	$12.74002	5,526,481
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97670	$10.88236	396,340
01/01/2011 to 12/31/2011	$10.88236	$10.62051	645,903
01/01/2012 to 12/31/2012	$10.62051	$11.83963	1,350,677
01/01/2013 to 12/31/2013	$11.83963	$13.51272	1,482,128
01/01/2014 to 12/31/2014	$13.51272	$14.10681	1,481,715
01/01/2015 to 12/31/2015	$14.10681	$13.70083	1,402,456
01/01/2016 to 12/31/2016	$13.70083	$14.14944	1,392,758
01/01/2017 to 12/31/2017	$14.14944	$16.24330	1,421,823
01/01/2018 to 12/31/2018	$16.24330	$14.76600	1,255,294
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92182	$10.56777	137,384
01/01/2011 to 12/31/2011	$10.56777	$9.42340	163,189
01/01/2012 to 12/31/2012	$9.42340	$11.27524	235,346
01/01/2013 to 12/31/2013	$11.27524	$12.76658	256,142
01/01/2014 to 12/31/2014	$12.76658	$11.73274	270,962
01/01/2015 to 12/31/2015	$11.73274	$11.19385	245,991
01/01/2016 to 12/31/2016	$11.19385	$11.19940	249,390
01/01/2017 to 12/31/2017	$11.19940	$14.25002	272,673
01/01/2018 to 12/31/2018	$14.25002	$11.54181	256,749
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99847	$10.59781	596,214
01/01/2011 to 12/31/2011	$10.59781	$10.42630	1,163,894
01/01/2012 to 12/31/2012	$10.42630	$11.33010	1,790,497
01/01/2013 to 12/31/2013	$11.33010	$12.34735	1,743,745
01/01/2014 to 12/31/2014	$12.34735	$12.77932	1,634,640
01/01/2015 to 12/31/2015	$12.77932	$12.52009	1,486,087
01/01/2016 to 12/31/2016	$12.52009	$12.76064	1,375,280
01/01/2017 to 12/31/2017	$12.76064	$14.04606	1,350,137
01/01/2018 to 12/31/2018	$14.04606	$13.07816	1,158,927

A-6



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97132	$10.78687	31,841
01/01/2011 to 12/31/2011	$10.78687	$10.65776	89,588
01/01/2012 to 12/31/2012	$10.65776	$12.04897	166,435
01/01/2013 to 12/31/2013	$12.04897	$16.14198	185,781
01/01/2014 to 12/31/2014	$16.14198	$17.34907	178,540
01/01/2015 to 12/31/2015	$17.34907	$18.83894	176,808
01/01/2016 to 12/31/2016	$18.83894	$18.22037	174,199
01/01/2017 to 12/31/2017	$18.22037	$24.29214	186,295
01/01/2018 to 12/31/2018	$24.29214	$23.45612	157,197
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99257	$11.31652	182,591
01/01/2011 to 12/31/2011	$11.31652	$11.00602	269,757
01/01/2012 to 12/31/2012	$11.00602	$12.12714	372,236
01/01/2013 to 12/31/2013	$12.12714	$16.26077	248,741
01/01/2014 to 12/31/2014	$16.26077	$17.65014	451,454
01/01/2015 to 12/31/2015	$17.65014	$19.06840	365,033
01/01/2016 to 12/31/2016	$19.06840	$19.76007	361,484
01/01/2017 to 12/31/2017	$19.76007	$25.79401	330,037
01/01/2018 to 12/31/2018	$25.79401	$24.63378	264,162
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98760	$10.90539	21,127
01/01/2011 to 12/31/2011	$10.90539	$10.36861	70,823
01/01/2012 to 12/31/2012	$10.36861	$12.52513	107,953
01/01/2013 to 12/31/2013	$12.52513	$15.69069	142,591
01/01/2014 to 12/31/2014	$15.69069	$15.95956	163,519
01/01/2015 to 12/31/2015	$15.95956	$15.43481	258,032
01/01/2016 to 12/31/2016	$15.43481	$16.22737	252,751
01/01/2017 to 12/31/2017	$16.22737	$19.72517	283,127
01/01/2018 to 12/31/2018	$19.72517	$17.50890	253,941
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99847	$10.88101	45,476
01/01/2011 to 12/31/2011	$10.88101	$10.61657	68,792
01/01/2012 to 12/31/2012	$10.61657	$12.20012	208,731
01/01/2013 to 12/31/2013	$12.20012	$16.36996	220,860
01/01/2014 to 12/31/2014	$16.36996	$17.46658	205,905
01/01/2015 to 12/31/2015	$17.46658	$18.38272	114,768
01/01/2016 to 12/31/2016	$18.38272	$18.38816	121,814
01/01/2017 to 12/31/2017	$18.38816	$23.59140	138,872
01/01/2018 to 12/31/2018	$23.59140	$23.65031	106,622
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99847	$10.18909	411
01/01/2013 to 12/31/2013	$10.18909	$13.45134	26,424
01/01/2014 to 12/31/2014	$13.45134	$14.55151	31,087
01/01/2015 to 12/31/2015	$14.55151	$14.17897	223,939
01/01/2016 to 12/31/2016	$14.17897	$15.78852	183,449
01/01/2017 to 12/31/2017	$15.78852	$18.18441	155,235
01/01/2018 to 12/31/2018	$18.18441	$16.03465	65,960

A-7



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99102	$11.24476	74,995
01/01/2011 to 12/31/2011	$11.24476	$10.76281	108,644
01/01/2012 to 12/31/2012	$10.76281	$12.37274	150,429
01/01/2013 to 12/31/2013	$12.37274	$17.24527	177,790
01/01/2014 to 12/31/2014	$17.24527	$19.33833	168,457
01/01/2015 to 12/31/2015	$19.33833	$17.91068	151,482
01/01/2016 to 12/31/2016	$17.91068	$20.78490	147,377
01/01/2017 to 12/31/2017	$20.78490	$23.21452	153,563
01/01/2018 to 12/31/2018	$23.21452	$19.03636	134,578
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99847	$10.30949	380,801
01/01/2013 to 12/31/2013	$10.30949	$12.03277	376,540
01/01/2014 to 12/31/2014	$12.03277	$12.41705	368,998
01/01/2015 to 12/31/2015	$12.41705	$12.03601	339,738
01/01/2016 to 12/31/2016	$12.03601	$12.32430	340,640
01/01/2017 to 12/31/2017	$12.32430	$14.09197	295,865
01/01/2018 to 12/31/2018	$14.09197	$12.68548	270,384
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93894	$11.68593	137,524
01/01/2011 to 12/31/2011	$11.68593	$9.14486	202,300
01/01/2012 to 12/31/2012	$9.14486	$10.58462	299,829
01/01/2013 to 12/31/2013	$10.58462	$10.41199	339,729
01/01/2014 to 12/31/2014	$10.41199	$9.74077	346,449
01/01/2015 to 12/31/2015	$9.74077	$7.96131	307,736
01/01/2016 to 12/31/2016	$7.96131	$8.78025	302,489
01/01/2017 to 12/31/2017	$8.78025	$10.89149	368,521
01/01/2018 to 12/31/2018	$10.89149	$9.18741	258,589
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98943	$10.60667	1,789,185
01/01/2011 to 12/31/2011	$10.60667	$10.51438	3,769,647
01/01/2012 to 12/31/2012	$10.51438	$11.39020	6,031,877
01/01/2013 to 12/31/2013	$11.39020	$12.20935	5,765,162
01/01/2014 to 12/31/2014	$12.20935	$12.67552	5,459,930
01/01/2015 to 12/31/2015	$12.67552	$12.45885	5,135,378
01/01/2016 to 12/31/2016	$12.45885	$12.90447	4,878,918
01/01/2017 to 12/31/2017	$12.90447	$13.94966	4,622,568
01/01/2018 to 12/31/2018	$13.94966	$13.30142	4,068,351
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01839	$10.06713	4,465
01/01/2012 to 12/31/2012	$10.06713	$10.58327	76,847
01/01/2013 to 12/31/2013	$10.58327	$10.14726	123,999
01/01/2014 to 12/31/2014	$10.14726	$10.56308	123,457
01/01/2015 to 12/31/2015	$10.56308	$10.33987	130,050
01/01/2016 to 12/31/2016	$10.33987	$10.57616	160,093
01/01/2017 to 12/31/2017	$10.57616	$10.96966	182,036
01/01/2018 to 12/31/2018	$10.96966	$10.67812	235,041

A-8



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96346	$11.51915	913,520
01/01/2011 to 12/31/2011	$11.51915	$10.60363	1,372,722
01/01/2012 to 12/31/2012	$10.60363	$11.75190	2,620,469
01/01/2013 to 12/31/2013	$11.75190	$13.49829	2,759,579
01/01/2014 to 12/31/2014	$13.49829	$14.46718	2,718,046
01/01/2015 to 12/31/2015	$14.46718	$14.11251	5,093,442
01/01/2016 to 12/31/2016	$14.11251	$15.25031	4,871,971
01/01/2017 to 12/31/2017	$15.25031	$17.37842	7,735,263
01/01/2018 to 12/31/2018	$17.37842	$15.75975	6,756,422
AST QMA Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99847	$11.66071	0
01/01/2014 to 12/31/2014	$11.66071	$13.18947	0
01/01/2015 to 12/31/2015	$13.18947	$13.14523	0
01/01/2016 to 12/31/2016	$13.14523	$14.30319	0
01/01/2017 to 12/31/2017	$14.30319	$17.04539	0
01/01/2018 to 12/31/2018	$17.04539	$15.53191	0
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99847	$10.90109	18,183
01/01/2011 to 12/31/2011	$10.90109	$11.06966	30,362
01/01/2012 to 12/31/2012	$11.06966	$12.90767	67,435
01/01/2013 to 12/31/2013	$12.90767	$16.77713	72,038
01/01/2014 to 12/31/2014	$16.77713	$19.30124	91,505
01/01/2015 to 12/31/2015	$19.30124	$19.52752	80,628
01/01/2016 to 12/31/2016	$19.52752	$22.01258	82,474
01/01/2017 to 12/31/2017	$22.01258	$26.41409	91,748
01/01/2018 to 12/31/2018	$26.41409	$23.79269	67,978
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99847	$8.88788	0
01/01/2012 to 12/31/2012	$8.88788	$9.87102	0
01/01/2013 to 12/31/2013	$9.87102	$11.85852	0
01/01/2014 to 12/31/2014	$11.85852	$12.39583	0
01/01/2015 to 12/31/2015	$12.39583	$12.18483	806
01/01/2016 to 12/31/2016	$12.18483	$12.71606	3,283
01/01/2017 to 12/31/2017	$12.71606	$14.75180	2,673
01/01/2018 to 12/31/2018	$14.75180	$13.53232	14,761
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98752	$10.79555	846,821
01/01/2011 to 12/31/2011	$10.79555	$10.40365	1,471,325
01/01/2012 to 12/31/2012	$10.40365	$11.26081	2,747,182
01/01/2013 to 12/31/2013	$11.26081	$12.42729	2,680,808
01/01/2014 to 12/31/2014	$12.42729	$12.82420	2,593,638
01/01/2015 to 12/31/2015	$12.82420	$12.56607	2,523,336
01/01/2016 to 12/31/2016	$12.56607	$12.92793	2,396,953
01/01/2017 to 12/31/2017	$12.92793	$14.74916	2,316,061
01/01/2018 to 12/31/2018	$14.74916	$13.33089	2,048,344
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97180	$12.16884	87,246
01/01/2011 to 12/31/2011	$12.16884	$10.37797	159,082
01/01/2012 to 12/31/2012	$10.37797	$12.23038	205,276
01/01/2013 to 12/31/2013	$12.23038	$16.90321	200,677
01/01/2014 to 12/31/2014	$16.90321	$17.41026	189,375
01/01/2015 to 12/31/2015	$17.41026	$17.31626	115,574
01/01/2016 to 12/31/2016	$17.31626	$18.30513	112,896
01/01/2017 to 12/31/2017	$18.30513	$22.94264	118,550
01/01/2018 to 12/31/2018	$22.94264	$20.07426	103,752

A-9



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96085	$12.62928	37,344
01/01/2011 to 12/31/2011	$12.62928	$12.27464	74,073
01/01/2012 to 12/31/2012	$12.27464	$13.51412	192,669
01/01/2013 to 12/31/2013	$13.51412	$17.92962	215,156
01/01/2014 to 12/31/2014	$17.92962	$18.27003	224,137
01/01/2015 to 12/31/2015	$18.27003	$18.07288	255,951
01/01/2016 to 12/31/2016	$18.07288	$19.88149	235,963
01/01/2017 to 12/31/2017	$19.88149	$24.18181	184,976
01/01/2018 to 12/31/2018	$24.18181	$21.73744	169,828
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96428	$11.47783	109,170
01/01/2011 to 12/31/2011	$11.47783	$10.59244	157,420
01/01/2012 to 12/31/2012	$10.59244	$12.28421	213,310
01/01/2013 to 12/31/2013	$12.28421	$16.56648	226,015
01/01/2014 to 12/31/2014	$16.56648	$17.11661	219,352
01/01/2015 to 12/31/2015	$17.11661	$16.07574	203,275
01/01/2016 to 12/31/2016	$16.07574	$20.38697	190,267
01/01/2017 to 12/31/2017	$20.38697	$21.48101	212,713
01/01/2018 to 12/31/2018	$21.48101	$17.48163	175,201
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99216	$10.70296	2,137,328
01/01/2011 to 12/31/2011	$10.70296	$10.71365	3,646,889
01/01/2012 to 12/31/2012	$10.71365	$11.93438	6,857,880
01/01/2013 to 12/31/2013	$11.93438	$13.68539	7,129,745
01/01/2014 to 12/31/2014	$13.68539	$14.22202	6,873,863
01/01/2015 to 12/31/2015	$14.22202	$13.96471	8,666,795
01/01/2016 to 12/31/2016	$13.96471	$14.74100	8,253,515
01/01/2017 to 12/31/2017	$14.74100	$16.69822	7,833,360
01/01/2018 to 12/31/2018	$16.69822	$15.51467	7,154,010
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97104	$11.14744	106,158
01/01/2011 to 12/31/2011	$11.14744	$10.75602	191,768
01/01/2012 to 12/31/2012	$10.75602	$12.41292	406,941
01/01/2013 to 12/31/2013	$12.41292	$17.54731	571,249
01/01/2014 to 12/31/2014	$17.54731	$18.66002	545,977
01/01/2015 to 12/31/2015	$18.66002	$20.06996	612,911
01/01/2016 to 12/31/2016	$20.06996	$20.23103	545,576
01/01/2017 to 12/31/2017	$20.23103	$27.38118	526,200
01/01/2018 to 12/31/2018	$27.38118	$27.91095	442,887
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98607	$10.67822	117,678
01/01/2011 to 12/31/2011	$10.67822	$10.42937	180,606
01/01/2012 to 12/31/2012	$10.42937	$11.60796	269,405
01/01/2013 to 12/31/2013	$11.60796	$15.33863	136,052
01/01/2014 to 12/31/2014	$15.33863	$15.28936	126,721
01/01/2015 to 12/31/2015	$15.28936	$14.09649	117,892
01/01/2016 to 12/31/2016	$14.09649	$14.68427	111,461
01/01/2017 to 12/31/2017	$14.68427	$16.79914	117,447
01/01/2018 to 12/31/2018	$16.79914	$14.88570	106,021

A-10



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85972	$11.48747	199,645
01/01/2011 to 12/31/2011	$11.48747	$9.59315	368,045
01/01/2012 to 12/31/2012	$9.59315	$9.75585	561,621
01/01/2013 to 12/31/2013	$9.75585	$11.04815	564,102
01/01/2014 to 12/31/2014	$11.04815	$9.93711	566,179
01/01/2015 to 12/31/2015	$9.93711	$7.87548	529,878
01/01/2016 to 12/31/2016	$7.87548	$9.63296	507,734
01/01/2017 to 12/31/2017	$9.63296	$10.42969	551,987
01/01/2018 to 12/31/2018	$10.42969	$8.53108	423,337
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98015	$10.32114	117,340
01/01/2011 to 12/31/2011	$10.32114	$10.54828	150,616
01/01/2012 to 12/31/2012	$10.54828	$10.89377	224,796
01/01/2013 to 12/31/2013	$10.89377	$10.29090	163,639
01/01/2014 to 12/31/2014	$10.29090	$10.15672	157,341
01/01/2015 to 12/31/2015	$10.15672	$9.50843	139,139
01/01/2016 to 12/31/2016	$9.50843	$9.73956	141,623
01/01/2017 to 12/31/2017	$9.73956	$9.75498	161,015
01/01/2018 to 12/31/2018	$9.75498	$9.76491	123,320
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98873	$11.51238	92,772
01/01/2011 to 12/31/2011	$11.51238	$10.90968	136,510
01/01/2012 to 12/31/2012	$10.90968	$12.67896	204,795
01/01/2013 to 12/31/2013	$12.67896	$16.47850	215,116
01/01/2014 to 12/31/2014	$16.47850	$18.59471	194,278
01/01/2015 to 12/31/2015	$18.59471	$17.04460	91,055
01/01/2016 to 12/31/2016	$17.04460	$19.07149	90,687
01/01/2017 to 12/31/2017	$19.07149	$22.18834	71,538
01/01/2018 to 12/31/2018	$22.18834	$18.17685	64,068
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99847	$8.82530	145,090
01/01/2012 to 12/31/2012	$8.82530	$9.61524	458,197
01/01/2013 to 12/31/2013	$9.61524	$11.37243	561,294
01/01/2014 to 12/31/2014	$11.37243	$11.77647	634,461
01/01/2015 to 12/31/2015	$11.77647	$11.48547	604,892
01/01/2016 to 12/31/2016	$11.48547	$12.00902	600,889
01/01/2017 to 12/31/2017	$12.00902	$13.38979	635,116
01/01/2018 to 12/31/2018	$13.38979	$12.48403	580,957
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99847	$10.41023	423,203
01/01/2011 to 12/31/2011	$10.41023	$10.83354	500,601
01/01/2012 to 12/31/2012	$10.83354	$11.46793	767,956
01/01/2013 to 12/31/2013	$11.46793	$11.08767	962,457
01/01/2014 to 12/31/2014	$11.08767	$11.66584	946,646
01/01/2015 to 12/31/2015	$11.66584	$11.59164	910,580
01/01/2016 to 12/31/2016	$11.59164	$11.96356	907,206
01/01/2017 to 12/31/2017	$11.96356	$12.48350	1,028,309
01/01/2018 to 12/31/2018	$12.48350	$11.97393	1,323,206

A-11



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Western Asset Emerging Markets Debt Portfolio
08/20/2012* to 12/31/2012	$9.99847	$10.37776	0
01/01/2013 to 12/31/2013	$10.37776	$9.35714	0
01/01/2014 to 12/31/2014	$9.35714	$9.30831	0
01/01/2015 to 12/31/2015	$9.30831	$8.85429	0
01/01/2016 to 12/31/2016	$8.85429	$9.61268	0
01/01/2017 to 12/31/2017	$9.61268	$10.31286	0
01/01/2018 to 12/31/2018	$10.31286	$9.44625	72
PSF Small Capitalization Stock Portfolio
formerly,Prudential Small Capitalization Stock Portfolio
04/30/2018* to 12/31/2018	$9.90723	$8.79537	10,888
PSF Stock Index Portfolio
formerly,Prudential Stock Index Portfolio
04/30/2018* to 12/31/2018	$9.91793	$9.38347	1,444
*Denotes the start date of these sub-accounts

A-12



PREMIER RETIREMENT X SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: With HAV and HD GRO II OR HAV and GRO Plus II (2.85%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96692	$10.71479	9,249
01/01/2011 to 12/31/2011	$10.71479	$10.13316	3,731
01/01/2012 to 12/31/2012	$10.13316	$11.08102	700
01/01/2013 to 12/31/2013	$11.08102	$11.83902	207
01/01/2014 to 12/31/2014	$11.83902	$11.94081	86
01/01/2015 to 12/31/2015	$11.94081	$11.22705	45
01/01/2016 to 12/31/2016	$11.22705	$11.59896	45
01/01/2017 to 12/31/2017	$11.59896	$12.68754	42
01/01/2018 to 12/31/2018	$12.68754	$11.32122	43
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97760	$10.81979	30,326
01/01/2011 to 12/31/2011	$10.81979	$10.52381	15,722
01/01/2012 to 12/31/2012	$10.52381	$11.61881	11,566
01/01/2013 to 12/31/2013	$11.61881	$13.15667	5,389
01/01/2014 to 12/31/2014	$13.15667	$13.56243	8,638
01/01/2015 to 12/31/2015	$13.56243	$13.28166	5,960
01/01/2016 to 12/31/2016	$13.28166	$13.82113	4,408
01/01/2017 to 12/31/2017	$13.82113	$15.70127	5,568
01/01/2018 to 12/31/2018	$15.70127	$14.35354	2,840
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98788	$10.67348	11,400
01/01/2011 to 12/31/2011	$10.67348	$10.24378	5,693
01/01/2012 to 12/31/2012	$10.24378	$11.19285	8,272
01/01/2013 to 12/31/2013	$11.19285	$12.79292	3,812
01/01/2014 to 12/31/2014	$12.79292	$13.23890	8,908
01/01/2015 to 12/31/2015	$13.23890	$12.92279	6,429
01/01/2016 to 12/31/2016	$12.92279	$13.34613	3,925
01/01/2017 to 12/31/2017	$13.34613	$14.89974	4,743
01/01/2018 to 12/31/2018	$14.89974	$13.75859	2,064
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99762	$9.09166	0
01/01/2012 to 12/31/2012	$9.09166	$9.88283	0
01/01/2013 to 12/31/2013	$9.88283	$10.64329	0
01/01/2014 to 12/31/2014	$10.64329	$10.84619	0
01/01/2015 to 12/31/2015	$10.84619	$10.22092	0
01/01/2016 to 12/31/2016	$10.22092	$10.62151	0
01/01/2017 to 12/31/2017	$10.62151	$11.62113	0
01/01/2018 to 12/31/2018	$11.62113	$10.69225	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00705	$10.00728	8,797
01/01/2011 to 12/31/2011	$10.00728	$9.94129	4,239
01/01/2012 to 12/31/2012	$9.94129	$10.11087	3,942
01/01/2013 to 12/31/2013	$10.11087	$9.60905	632
01/01/2014 to 12/31/2014	$9.60905	$9.32615	0
01/01/2015 to 12/31/2015	$9.32615	$9.10418	0
01/01/2016 to 12/31/2016	$9.10418	$8.98996	0
01/01/2017 to 12/31/2017	$8.98996	$8.88352	0
01/01/2018 to 12/31/2018	$8.88352	$8.69325	0

A-13



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00597	$10.27781	19,096
01/01/2011 to 12/31/2011	$10.27781	$10.30276	9,892
01/01/2012 to 12/31/2012	$10.30276	$10.94171	8,643
01/01/2013 to 12/31/2013	$10.94171	$10.43459	1,758
01/01/2014 to 12/31/2014	$10.43459	$10.56613	534
01/01/2015 to 12/31/2015	$10.56613	$10.04862	625
01/01/2016 to 12/31/2016	$10.04862	$10.17564	278
01/01/2017 to 12/31/2017	$10.17564	$10.31765	294
01/01/2018 to 12/31/2018	$10.31765	$9.95593	274
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00633	$10.55075	0
01/01/2011 to 12/31/2011	$10.55075	$11.64275	19,894
01/01/2012 to 12/31/2012	$11.64275	$11.95683	7,513
01/01/2013 to 12/31/2013	$11.95683	$11.25098	10,026
01/01/2014 to 12/31/2014	$11.25098	$11.22140	10,450
01/01/2015 to 12/31/2015	$11.22140	$10.99000	7,922
01/01/2016 to 12/31/2016	$10.99000	$10.84927	7,919
01/01/2017 to 12/31/2017	$10.84927	$10.61597	23,177
01/01/2018 to 12/31/2018	$10.61597	$10.38993	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99762	$10.55355	0
01/01/2011 to 12/31/2011	$10.55355	$11.89119	0
01/01/2012 to 12/31/2012	$11.89119	$12.22857	1,413
01/01/2013 to 12/31/2013	$12.22857	$11.30601	1,789
01/01/2014 to 12/31/2014	$11.30601	$11.45215	1,815
01/01/2015 to 12/31/2015	$11.45215	$11.24496	0
01/01/2016 to 12/31/2016	$11.24496	$11.08333	0
01/01/2017 to 12/31/2017	$11.08333	$10.85012	0
01/01/2018 to 12/31/2018	$10.85012	$10.59895	20,713
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00845	$10.58415	0
01/01/2011 to 12/31/2011	$10.58415	$12.20355	0
01/01/2012 to 12/31/2012	$12.20355	$12.60428	0
01/01/2013 to 12/31/2013	$12.60428	$11.44718	3,463
01/01/2014 to 12/31/2014	$11.44718	$11.80588	3,097
01/01/2015 to 12/31/2015	$11.80588	$11.64457	3,980
01/01/2016 to 12/31/2016	$11.64457	$11.53476	4,174
01/01/2017 to 12/31/2017	$11.53476	$11.30615	3,705
01/01/2018 to 12/31/2018	$11.30615	$11.01441	5,600
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00738	$10.68500	0
01/01/2011 to 12/31/2011	$10.68500	$12.48861	126,787
01/01/2012 to 12/31/2012	$12.48861	$12.95637	97,252
01/01/2013 to 12/31/2013	$12.95637	$11.70587	64,490
01/01/2014 to 12/31/2014	$11.70587	$12.24566	55,262
01/01/2015 to 12/31/2015	$12.24566	$12.10885	46,002
01/01/2016 to 12/31/2016	$12.10885	$12.00379	46,436
01/01/2017 to 12/31/2017	$12.00379	$11.84697	46,181
01/01/2018 to 12/31/2018	$11.84697	$11.51527	13,286

A-14



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99762	$11.89255	7,039
01/01/2012 to 12/31/2012	$11.89255	$12.22859	52,800
01/01/2013 to 12/31/2013	$12.22859	$10.72225	15,726
01/01/2014 to 12/31/2014	$10.72225	$11.49686	13,831
01/01/2015 to 12/31/2015	$11.49686	$11.40334	17,795
01/01/2016 to 12/31/2016	$11.40334	$11.28145	26,160
01/01/2017 to 12/31/2017	$11.28145	$11.13282	24,313
01/01/2018 to 12/31/2018	$11.13282	$10.79790	29,855
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99684	$10.28760	4,545
01/01/2013 to 12/31/2013	$10.28760	$8.97494	184,673
01/01/2014 to 12/31/2014	$8.97494	$9.81954	107,290
01/01/2015 to 12/31/2015	$9.81954	$9.79799	0
01/01/2016 to 12/31/2016	$9.79799	$9.70130	0
01/01/2017 to 12/31/2017	$9.70130	$9.58536	0
01/01/2018 to 12/31/2018	$9.58536	$9.28620	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99842	$8.65594	2,378
01/01/2014 to 12/31/2014	$8.65594	$9.63637	1,571
01/01/2015 to 12/31/2015	$9.63637	$9.62765	0
01/01/2016 to 12/31/2016	$9.62765	$9.53218	0
01/01/2017 to 12/31/2017	$9.53218	$9.41711	0
01/01/2018 to 12/31/2018	$9.41711	$9.08842	0
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99842	$11.18213	0
01/01/2015 to 12/31/2015	$11.18213	$11.08056	119,581
01/01/2016 to 12/31/2016	$11.08056	$11.03158	28,466
01/01/2017 to 12/31/2017	$11.03158	$10.91408	22,814
01/01/2018 to 12/31/2018	$10.91408	$10.52350	23,188
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99842	$9.83155	1,387
01/01/2016 to 12/31/2016	$9.83155	$9.75037	113,814
01/01/2017 to 12/31/2017	$9.75037	$9.70255	99,250
01/01/2018 to 12/31/2018	$9.70255	$9.32657	117,722
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99684	$9.77407	18,726
01/01/2017 to 12/31/2017	$9.77407	$9.75125	15,285
01/01/2018 to 12/31/2018	$9.75125	$9.35255	16,634
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99683	$9.92962	0
01/01/2018 to 12/31/2018	$9.92962	$9.44685	0
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99683	$9.55807	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97679	$10.75348	3,827
01/01/2011 to 12/31/2011	$10.75348	$10.19398	2,297
01/01/2012 to 12/31/2012	$10.19398	$11.26197	2,278
01/01/2013 to 12/31/2013	$11.26197	$13.42260	2,149
01/01/2014 to 12/31/2014	$13.42260	$13.95227	2,555
01/01/2015 to 12/31/2015	$13.95227	$13.62693	3,306
01/01/2016 to 12/31/2016	$13.62693	$14.14462	1,792
01/01/2017 to 12/31/2017	$14.14462	$16.20124	1,794
01/01/2018 to 12/31/2018	$16.20124	$14.75846	1,485

A-15



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99762	$11.54138	0
01/01/2014 to 12/31/2014	$11.54138	$12.73848	0
01/01/2015 to 12/31/2015	$12.73848	$11.93336	0
01/01/2016 to 12/31/2016	$11.93336	$13.32105	408
01/01/2017 to 12/31/2017	$13.32105	$15.32437	389
01/01/2018 to 12/31/2018	$15.32437	$14.17588	186
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95901	$11.69924	8,440
01/01/2011 to 12/31/2011	$11.69924	$12.11554	3,630
01/01/2012 to 12/31/2012	$12.11554	$13.57614	3,064
01/01/2013 to 12/31/2013	$13.57614	$13.60247	443
01/01/2014 to 12/31/2014	$13.60247	$17.30036	4,746
01/01/2015 to 12/31/2015	$17.30036	$17.62159	3,086
01/01/2016 to 12/31/2016	$17.62159	$17.94512	2,416
01/01/2017 to 12/31/2017	$17.94512	$18.52399	2,141
01/01/2018 to 12/31/2018	$18.52399	$17.13751	651
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97510	$10.93402	7,244
01/01/2011 to 12/31/2011	$10.93402	$10.46307	4,713
01/01/2012 to 12/31/2012	$10.46307	$11.24533	6,105
01/01/2013 to 12/31/2013	$11.24533	$12.53754	2,039
01/01/2014 to 12/31/2014	$12.53754	$12.56409	6,243
01/01/2015 to 12/31/2015	$12.56409	$12.32695	4,266
01/01/2016 to 12/31/2016	$12.32695	$12.48588	1,878
01/01/2017 to 12/31/2017	$12.48588	$14.12925	2,838
01/01/2018 to 12/31/2018	$14.12925	$12.66143	1,289
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96930	$11.46056	4,272
01/01/2011 to 12/31/2011	$11.46056	$10.57335	1,988
01/01/2012 to 12/31/2012	$10.57335	$13.02482	1,625
01/01/2013 to 12/31/2013	$13.02482	$13.20363	230
01/01/2014 to 12/31/2014	$13.20363	$14.61342	1,833
01/01/2015 to 12/31/2015	$14.61342	$14.18426	1,052
01/01/2016 to 12/31/2016	$14.18426	$13.90452	931
01/01/2017 to 12/31/2017	$13.90452	$14.97996	809
01/01/2018 to 12/31/2018	$14.97996	$13.86537	230
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99087	$10.68611	0
01/01/2011 to 12/31/2011	$10.68611	$9.80906	0
01/01/2012 to 12/31/2012	$9.80906	$11.40311	0
01/01/2013 to 12/31/2013	$11.40311	$14.79435	0
01/01/2014 to 12/31/2014	$14.79435	$16.26028	0
01/01/2015 to 12/31/2015	$16.26028	$15.06681	941
01/01/2016 to 12/31/2016	$15.06681	$16.32801	789
01/01/2017 to 12/31/2017	$16.32801	$17.41021	716
01/01/2018 to 12/31/2018	$17.41021	$15.46922	200

A-16



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01895	$11.33239	0
01/01/2011 to 12/31/2011	$11.33239	$10.68206	0
01/01/2012 to 12/31/2012	$10.68206	$12.41256	0
01/01/2013 to 12/31/2013	$12.41256	$15.94091	469
01/01/2014 to 12/31/2014	$15.94091	$17.27179	424
01/01/2015 to 12/31/2015	$17.27179	$15.82552	1,425
01/01/2016 to 12/31/2016	$15.82552	$15.62838	451
01/01/2017 to 12/31/2017	$15.62838	$19.29797	404
01/01/2018 to 12/31/2018	$19.29797	$17.92966	198
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98737	$10.62339	22,229
01/01/2011 to 12/31/2011	$10.62339	$10.26874	10,760
01/01/2012 to 12/31/2012	$10.26874	$10.98621	7,748
01/01/2013 to 12/31/2013	$10.98621	$11.72130	1,222
01/01/2014 to 12/31/2014	$11.72130	$11.84736	3,862
01/01/2015 to 12/31/2015	$11.84736	$11.40496	3,358
01/01/2016 to 12/31/2016	$11.40496	$11.66312	1,717
01/01/2017 to 12/31/2017	$11.66312	$12.72357	2,395
01/01/2018 to 12/31/2018	$12.72357	$11.48661	1,023
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96425	$11.40677	0
01/01/2011 to 12/31/2011	$11.40677	$11.22652	0
01/01/2012 to 12/31/2012	$11.22652	$12.61720	0
01/01/2013 to 12/31/2013	$12.61720	$17.01542	0
01/01/2014 to 12/31/2014	$17.01542	$17.72034	0
01/01/2015 to 12/31/2015	$17.72034	$16.26941	0
01/01/2016 to 12/31/2016	$16.26941	$19.64999	0
01/01/2017 to 12/31/2017	$19.64999	$21.41840	0
01/01/2018 to 12/31/2018	$21.41840	$17.87838	0
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99763	$9.77143	0
01/01/2011 to 12/31/2011	$9.77143	$9.49562	0
01/01/2012 to 12/31/2012	$9.49562	$9.22519	0
01/01/2013 to 12/31/2013	$9.22519	$8.96229	0
01/01/2014 to 12/31/2014	$8.96229	$8.70686	0
01/01/2015 to 12/31/2015	$8.70686	$8.45871	0
01/01/2016 to 12/31/2016	$8.45871	$8.21833	0
01/01/2017 to 12/31/2017	$8.21833	$8.01179	0
01/01/2018 to 12/31/2018	$8.01179	$7.88341	0
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98360	$10.68442	8,287
01/01/2011 to 12/31/2011	$10.68442	$10.70991	3,990
01/01/2012 to 12/31/2012	$10.70991	$11.84774	3,429
01/01/2013 to 12/31/2013	$11.84774	$12.33661	499
01/01/2014 to 12/31/2014	$12.33661	$12.29161	2,119
01/01/2015 to 12/31/2015	$12.29161	$11.51567	1,233
01/01/2016 to 12/31/2016	$11.51567	$12.91095	989
01/01/2017 to 12/31/2017	$12.91095	$13.48123	896
01/01/2018 to 12/31/2018	$13.48123	$12.83484	249

A-17



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98961	$10.54160	0
01/01/2011 to 12/31/2011	$10.54160	$9.81310	0
01/01/2012 to 12/31/2012	$9.81310	$11.14272	0
01/01/2013 to 12/31/2013	$11.14272	$15.14051	986
01/01/2014 to 12/31/2014	$15.14051	$16.73104	880
01/01/2015 to 12/31/2015	$16.73104	$14.98045	0
01/01/2016 to 12/31/2016	$14.98045	$17.44898	0
01/01/2017 to 12/31/2017	$17.44898	$20.20697	0
01/01/2018 to 12/31/2018	$20.20697	$16.85005	202
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92845	$11.17518	4,823
01/01/2011 to 12/31/2011	$11.17518	$9.45384	943
01/01/2012 to 12/31/2012	$9.45384	$11.05449	422
01/01/2013 to 12/31/2013	$11.05449	$12.78613	1,171
01/01/2014 to 12/31/2014	$12.78613	$11.73533	1,228
01/01/2015 to 12/31/2015	$11.73533	$11.75975	0
01/01/2016 to 12/31/2016	$11.75975	$10.99375	0
01/01/2017 to 12/31/2017	$10.99375	$14.46538	0
01/01/2018 to 12/31/2018	$14.46538	$12.17763	0
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92832	$10.71728	397
01/01/2011 to 12/31/2011	$10.71728	$9.10544	0
01/01/2012 to 12/31/2012	$9.10544	$10.32066	0
01/01/2013 to 12/31/2013	$10.32066	$11.97862	0
01/01/2014 to 12/31/2014	$11.97862	$10.85702	0
01/01/2015 to 12/31/2015	$10.85702	$10.63382	0
01/01/2016 to 12/31/2016	$10.63382	$10.39152	0
01/01/2017 to 12/31/2017	$10.39152	$12.39942	0
01/01/2018 to 12/31/2018	$12.39942	$10.10048	0
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97586	$10.79298	1,130
01/01/2011 to 12/31/2011	$10.79298	$10.42624	2,386
01/01/2012 to 12/31/2012	$10.42624	$11.50445	1,474
01/01/2013 to 12/31/2013	$11.50445	$12.99642	191
01/01/2014 to 12/31/2014	$12.99642	$13.42958	406
01/01/2015 to 12/31/2015	$13.42958	$12.91018	667
01/01/2016 to 12/31/2016	$12.91018	$13.19753	264
01/01/2017 to 12/31/2017	$13.19753	$14.99666	190
01/01/2018 to 12/31/2018	$14.99666	$13.49306	151
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92098	$10.48104	0
01/01/2011 to 12/31/2011	$10.48104	$9.25102	0
01/01/2012 to 12/31/2012	$9.25102	$10.95594	0
01/01/2013 to 12/31/2013	$10.95594	$12.27891	0
01/01/2014 to 12/31/2014	$12.27891	$11.16964	0
01/01/2015 to 12/31/2015	$11.16964	$10.54797	0
01/01/2016 to 12/31/2016	$10.54797	$10.44606	0
01/01/2017 to 12/31/2017	$10.44606	$13.15665	0
01/01/2018 to 12/31/2018	$13.15665	$10.54703	0

A-18



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99762	$10.51084	2,912
01/01/2011 to 12/31/2011	$10.51084	$10.23563	1,914
01/01/2012 to 12/31/2012	$10.23563	$11.00927	1,809
01/01/2013 to 12/31/2013	$11.00927	$11.87556	1,082
01/01/2014 to 12/31/2014	$11.87556	$12.16579	1,413
01/01/2015 to 12/31/2015	$12.16579	$11.79753	1,284
01/01/2016 to 12/31/2016	$11.79753	$11.90201	1,085
01/01/2017 to 12/31/2017	$11.90201	$12.96780	1,085
01/01/2018 to 12/31/2018	$12.96780	$11.95051	1,046
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97047	$10.69825	0
01/01/2011 to 12/31/2011	$10.69825	$10.46276	0
01/01/2012 to 12/31/2012	$10.46276	$11.70771	0
01/01/2013 to 12/31/2013	$11.70771	$15.52518	0
01/01/2014 to 12/31/2014	$15.52518	$16.51630	0
01/01/2015 to 12/31/2015	$16.51630	$17.75196	0
01/01/2016 to 12/31/2016	$17.75196	$16.99473	0
01/01/2017 to 12/31/2017	$16.99473	$22.42822	0
01/01/2018 to 12/31/2018	$22.42822	$21.43444	0
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99173	$11.22357	7,012
01/01/2011 to 12/31/2011	$11.22357	$10.80470	1,436
01/01/2012 to 12/31/2012	$10.80470	$11.78377	937
01/01/2013 to 12/31/2013	$11.78377	$15.63949	32
01/01/2014 to 12/31/2014	$15.63949	$16.80294	29
01/01/2015 to 12/31/2015	$16.80294	$17.96826	26
01/01/2016 to 12/31/2016	$17.96826	$18.43092	26
01/01/2017 to 12/31/2017	$18.43092	$23.81490	22
01/01/2018 to 12/31/2018	$23.81490	$22.51068	20
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98675	$10.81592	0
01/01/2011 to 12/31/2011	$10.81592	$10.17901	0
01/01/2012 to 12/31/2012	$10.17901	$12.17056	0
01/01/2013 to 12/31/2013	$12.17056	$15.09133	0
01/01/2014 to 12/31/2014	$15.09133	$15.19352	0
01/01/2015 to 12/31/2015	$15.19352	$14.54418	1,182
01/01/2016 to 12/31/2016	$14.54418	$15.13565	479
01/01/2017 to 12/31/2017	$15.13565	$18.21141	650
01/01/2018 to 12/31/2018	$18.21141	$15.99952	332
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99762	$10.79169	0
01/01/2011 to 12/31/2011	$10.79169	$10.42238	0
01/01/2012 to 12/31/2012	$10.42238	$11.85476	582
01/01/2013 to 12/31/2013	$11.85476	$15.74461	715
01/01/2014 to 12/31/2014	$15.74461	$16.62833	660
01/01/2015 to 12/31/2015	$16.62833	$17.32230	0
01/01/2016 to 12/31/2016	$17.32230	$17.15150	0
01/01/2017 to 12/31/2017	$17.15150	$21.78151	0
01/01/2018 to 12/31/2018	$21.78151	$21.61223	0

A-19



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99763	$10.15039	0
01/01/2013 to 12/31/2013	$10.15039	$13.26381	0
01/01/2014 to 12/31/2014	$13.26381	$14.20252	0
01/01/2015 to 12/31/2015	$14.20252	$13.69803	1,880
01/01/2016 to 12/31/2016	$13.69803	$15.09807	597
01/01/2017 to 12/31/2017	$15.09807	$17.21270	463
01/01/2018 to 12/31/2018	$17.21270	$15.02221	0
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99018	$11.15256	0
01/01/2011 to 12/31/2011	$11.15256	$10.56598	203
01/01/2012 to 12/31/2012	$10.56598	$12.02241	155
01/01/2013 to 12/31/2013	$12.02241	$16.58653	30
01/01/2014 to 12/31/2014	$16.58653	$18.41016	27
01/01/2015 to 12/31/2015	$18.41016	$16.87713	28
01/01/2016 to 12/31/2016	$16.87713	$19.38660	25
01/01/2017 to 12/31/2017	$19.38660	$21.43295	25
01/01/2018 to 12/31/2018	$21.43295	$17.39524	25
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99763	$10.23818	544
01/01/2013 to 12/31/2013	$10.23818	$11.82773	126
01/01/2014 to 12/31/2014	$11.82773	$12.08112	123
01/01/2015 to 12/31/2015	$12.08112	$11.59105	120
01/01/2016 to 12/31/2016	$11.59105	$11.74817	124
01/01/2017 to 12/31/2017	$11.74817	$13.29691	121
01/01/2018 to 12/31/2018	$13.29691	$11.84711	115
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93810	$11.59009	370
01/01/2011 to 12/31/2011	$11.59009	$8.97755	460
01/01/2012 to 12/31/2012	$8.97755	$10.28503	370
01/01/2013 to 12/31/2013	$10.28503	$10.01422	98
01/01/2014 to 12/31/2014	$10.01422	$9.27314	103
01/01/2015 to 12/31/2015	$9.27314	$7.50177	125
01/01/2016 to 12/31/2016	$7.50177	$8.18945	118
01/01/2017 to 12/31/2017	$8.18945	$10.05560	111
01/01/2018 to 12/31/2018	$10.05560	$8.39535	111
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98859	$10.51978	14,208
01/01/2011 to 12/31/2011	$10.51978	$10.32232	8,649
01/01/2012 to 12/31/2012	$10.32232	$11.06794	6,509
01/01/2013 to 12/31/2013	$11.06794	$11.74309	2,163
01/01/2014 to 12/31/2014	$11.74309	$12.06729	4,429
01/01/2015 to 12/31/2015	$12.06729	$11.74030	2,530
01/01/2016 to 12/31/2016	$11.74030	$12.03677	1,368
01/01/2017 to 12/31/2017	$12.03677	$12.87928	1,362
01/01/2018 to 12/31/2018	$12.87928	$12.15496	1,646
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01754	$10.04935	0
01/01/2012 to 12/31/2012	$10.04935	$10.45656	0
01/01/2013 to 12/31/2013	$10.45656	$9.92350	0
01/01/2014 to 12/31/2014	$9.92350	$10.22500	0
01/01/2015 to 12/31/2015	$10.22500	$9.90688	0
01/01/2016 to 12/31/2016	$9.90688	$10.03038	0
01/01/2017 to 12/31/2017	$10.03038	$10.29802	0
01/01/2018 to 12/31/2018	$10.29802	$9.92155	0

A-20



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96262	$11.42459	29,987
01/01/2011 to 12/31/2011	$11.42459	$10.40969	12,115
01/01/2012 to 12/31/2012	$10.40969	$11.41918	7,499
01/01/2013 to 12/31/2013	$11.41918	$12.98265	2,674
01/01/2014 to 12/31/2014	$12.98265	$13.77278	5,405
01/01/2015 to 12/31/2015	$13.77278	$13.29830	7,554
01/01/2016 to 12/31/2016	$13.29830	$14.22448	4,531
01/01/2017 to 12/31/2017	$14.22448	$16.04485	12,114
01/01/2018 to 12/31/2018	$16.04485	$14.40125	4,989
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99762	$10.81154	391
01/01/2011 to 12/31/2011	$10.81154	$10.86707	0
01/01/2012 to 12/31/2012	$10.86707	$12.54220	0
01/01/2013 to 12/31/2013	$12.54220	$16.13625	0
01/01/2014 to 12/31/2014	$16.13625	$18.37489	0
01/01/2015 to 12/31/2015	$18.37489	$18.40090	0
01/01/2016 to 12/31/2016	$18.40090	$20.53190	0
01/01/2017 to 12/31/2017	$20.53190	$24.38730	0
01/01/2018 to 12/31/2018	$24.38730	$21.74190	0
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99762	$8.82682	0
01/01/2012 to 12/31/2012	$8.82682	$9.70309	0
01/01/2013 to 12/31/2013	$9.70309	$11.53800	0
01/01/2014 to 12/31/2014	$11.53800	$11.93785	0
01/01/2015 to 12/31/2015	$11.93785	$11.61500	0
01/01/2016 to 12/31/2016	$11.61500	$11.99812	0
01/01/2017 to 12/31/2017	$11.99812	$13.77771	0
01/01/2018 to 12/31/2018	$13.77771	$12.50924	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98668	$10.70698	9,529
01/01/2011 to 12/31/2011	$10.70698	$10.21337	6,505
01/01/2012 to 12/31/2012	$10.21337	$10.94194	4,786
01/01/2013 to 12/31/2013	$10.94194	$11.95250	2,600
01/01/2014 to 12/31/2014	$11.95250	$12.20868	2,175
01/01/2015 to 12/31/2015	$12.20868	$11.84110	1,113
01/01/2016 to 12/31/2016	$11.84110	$12.05841	741
01/01/2017 to 12/31/2017	$12.05841	$13.61750	863
01/01/2018 to 12/31/2018	$13.61750	$12.18188	538
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97096	$12.06901	4,557
01/01/2011 to 12/31/2011	$12.06901	$10.18802	882
01/01/2012 to 12/31/2012	$10.18802	$11.88382	390
01/01/2013 to 12/31/2013	$11.88382	$16.25704	465
01/01/2014 to 12/31/2014	$16.25704	$16.57406	448
01/01/2015 to 12/31/2015	$16.57406	$16.31656	0
01/01/2016 to 12/31/2016	$16.31656	$17.07314	0
01/01/2017 to 12/31/2017	$17.07314	$21.18129	0
01/01/2018 to 12/31/2018	$21.18129	$18.34311	0

A-21



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96001	$12.52563	0
01/01/2011 to 12/31/2011	$12.52563	$12.05011	0
01/01/2012 to 12/31/2012	$12.05011	$13.13143	352
01/01/2013 to 12/31/2013	$13.13143	$17.24465	434
01/01/2014 to 12/31/2014	$17.24465	$17.39298	427
01/01/2015 to 12/31/2015	$17.39298	$17.03008	1,002
01/01/2016 to 12/31/2016	$17.03008	$18.54413	381
01/01/2017 to 12/31/2017	$18.54413	$22.32618	266
01/01/2018 to 12/31/2018	$22.32618	$19.86367	130
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96344	$11.38359	5,571
01/01/2011 to 12/31/2011	$11.38359	$10.39864	1,098
01/01/2012 to 12/31/2012	$10.39864	$11.93642	784
01/01/2013 to 12/31/2013	$11.93642	$15.93369	937
01/01/2014 to 12/31/2014	$15.93369	$16.29521	909
01/01/2015 to 12/31/2015	$16.29521	$15.14839	1,123
01/01/2016 to 12/31/2016	$15.14839	$19.01594	387
01/01/2017 to 12/31/2017	$19.01594	$19.83298	394
01/01/2018 to 12/31/2018	$19.83298	$15.97498	213
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99132	$10.61502	26,317
01/01/2011 to 12/31/2011	$10.61502	$10.51766	17,456
01/01/2012 to 12/31/2012	$10.51766	$11.59639	17,411
01/01/2013 to 12/31/2013	$11.59639	$13.16241	4,739
01/01/2014 to 12/31/2014	$13.16241	$13.53925	12,229
01/01/2015 to 12/31/2015	$13.53925	$13.15886	10,798
01/01/2016 to 12/31/2016	$13.15886	$13.74917	5,858
01/01/2017 to 12/31/2017	$13.74917	$15.41656	8,462
01/01/2018 to 12/31/2018	$15.41656	$14.17709	3,552
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97020	$11.05594	8,250
01/01/2011 to 12/31/2011	$11.05594	$10.55928	3,908
01/01/2012 to 12/31/2012	$10.55928	$12.06157	3,457
01/01/2013 to 12/31/2013	$12.06157	$16.87703	1,272
01/01/2014 to 12/31/2014	$16.87703	$17.76439	2,320
01/01/2015 to 12/31/2015	$17.76439	$18.91206	2,885
01/01/2016 to 12/31/2016	$18.91206	$18.87019	1,233
01/01/2017 to 12/31/2017	$18.87019	$25.28022	940
01/01/2018 to 12/31/2018	$25.28022	$25.50525	334
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98523	$10.59052	7,143
01/01/2011 to 12/31/2011	$10.59052	$10.23858	1,115
01/01/2012 to 12/31/2012	$10.23858	$11.27923	820
01/01/2013 to 12/31/2013	$11.27923	$14.75260	0
01/01/2014 to 12/31/2014	$14.75260	$14.55531	0
01/01/2015 to 12/31/2015	$14.55531	$13.28296	0
01/01/2016 to 12/31/2016	$13.28296	$13.69617	0
01/01/2017 to 12/31/2017	$13.69617	$15.50965	0
01/01/2018 to 12/31/2018	$15.50965	$13.60215	0

A-22



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85888	$11.39318	380
01/01/2011 to 12/31/2011	$11.39318	$9.41761	472
01/01/2012 to 12/31/2012	$9.41761	$9.47959	0
01/01/2013 to 12/31/2013	$9.47959	$10.62586	0
01/01/2014 to 12/31/2014	$10.62586	$9.45971	0
01/01/2015 to 12/31/2015	$9.45971	$7.42054	0
01/01/2016 to 12/31/2016	$7.42054	$8.98419	0
01/01/2017 to 12/31/2017	$8.98419	$9.62845	0
01/01/2018 to 12/31/2018	$9.62845	$7.79490	0
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97931	$10.23639	10,875
01/01/2011 to 12/31/2011	$10.23639	$10.35537	4,476
01/01/2012 to 12/31/2012	$10.35537	$10.58534	4,191
01/01/2013 to 12/31/2013	$10.58534	$9.89766	625
01/01/2014 to 12/31/2014	$9.89766	$9.66913	2,683
01/01/2015 to 12/31/2015	$9.66913	$8.95975	1,596
01/01/2016 to 12/31/2016	$8.95975	$9.08437	1,428
01/01/2017 to 12/31/2017	$9.08437	$9.00646	1,316
01/01/2018 to 12/31/2018	$9.00646	$8.92322	368
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98789	$11.41794	4,409
01/01/2011 to 12/31/2011	$11.41794	$10.71019	843
01/01/2012 to 12/31/2012	$10.71019	$12.32002	752
01/01/2013 to 12/31/2013	$12.32002	$15.84889	942
01/01/2014 to 12/31/2014	$15.84889	$17.70212	834
01/01/2015 to 12/31/2015	$17.70212	$16.06112	0
01/01/2016 to 12/31/2016	$16.06112	$17.78858	0
01/01/2017 to 12/31/2017	$17.78858	$20.48576	0
01/01/2018 to 12/31/2018	$20.48576	$16.61000	0
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99762	$8.76473	0
01/01/2012 to 12/31/2012	$8.76473	$9.45170	0
01/01/2013 to 12/31/2013	$9.45170	$11.06506	0
01/01/2014 to 12/31/2014	$11.06506	$11.34142	1,214
01/01/2015 to 12/31/2015	$11.34142	$10.94847	2,254
01/01/2016 to 12/31/2016	$10.94847	$11.33122	348
01/01/2017 to 12/31/2017	$11.33122	$12.50577	435
01/01/2018 to 12/31/2018	$12.50577	$11.54030	205
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99762	$10.32483	11,639
01/01/2011 to 12/31/2011	$10.32483	$10.63550	1,938
01/01/2012 to 12/31/2012	$10.63550	$11.14320	1,851
01/01/2013 to 12/31/2013	$11.14320	$10.66394	2,762
01/01/2014 to 12/31/2014	$10.66394	$11.10558	2,655
01/01/2015 to 12/31/2015	$11.10558	$10.92245	3,205
01/01/2016 to 12/31/2016	$10.92245	$11.15849	1,281
01/01/2017 to 12/31/2017	$11.15849	$11.52521	1,329
01/01/2018 to 12/31/2018	$11.52521	$10.94143	1,382
*Denotes the start date of these sub-accounts

A-23



PREMIER RETIREMENT B SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: Basic Death Benefit Only (1.30%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96822	$10.85224	1,705,686
01/01/2011 to 12/31/2011	$10.85224	$10.42656	2,780,906
01/01/2012 to 12/31/2012	$10.42656	$11.58413	4,729,477
01/01/2013 to 12/31/2013	$11.58413	$12.57392	5,226,982
01/01/2014 to 12/31/2014	$12.57392	$12.88443	5,015,958
01/01/2015 to 12/31/2015	$12.88443	$12.30764	4,421,338
01/01/2016 to 12/31/2016	$12.30764	$12.91762	4,061,900
01/01/2017 to 12/31/2017	$12.91762	$14.35469	4,061,263
01/01/2018 to 12/31/2018	$14.35469	$13.01451	3,239,884
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97890	$10.95858	2,584,808
01/01/2011 to 12/31/2011	$10.95858	$10.82832	4,811,526
01/01/2012 to 12/31/2012	$10.82832	$12.14616	10,769,590
01/01/2013 to 12/31/2013	$12.14616	$13.97323	13,184,630
01/01/2014 to 12/31/2014	$13.97323	$14.63392	13,013,011
01/01/2015 to 12/31/2015	$14.63392	$14.55973	12,506,341
01/01/2016 to 12/31/2016	$14.55973	$15.39207	11,906,642
01/01/2017 to 12/31/2017	$15.39207	$17.76399	11,386,208
01/01/2018 to 12/31/2018	$17.76399	$16.49985	10,310,255
AST AQR Emerging Markets Equity Portfolio
02/25/2013* to 12/31/2013	$9.99892	$10.12611	481
01/01/2014 to 12/31/2014	$10.12611	$9.68209	511
01/01/2015 to 12/31/2015	$9.68209	$8.07247	1,575
01/01/2016 to 12/31/2016	$8.07247	$9.03281	1,482
01/01/2017 to 12/31/2017	$9.03281	$12.03168	4,684
01/01/2018 to 12/31/2018	$12.03168	$9.62353	8,871
AST AQR Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99892	$11.66544	756
01/01/2014 to 12/31/2014	$11.66544	$13.03016	756
01/01/2015 to 12/31/2015	$13.03016	$13.08281	0
01/01/2016 to 12/31/2016	$13.08281	$14.29513	2,078
01/01/2017 to 12/31/2017	$14.29513	$17.23296	1,872
01/01/2018 to 12/31/2018	$17.23296	$15.62430	0
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98918	$10.81032	3,247,819
01/01/2011 to 12/31/2011	$10.81032	$10.54027	5,664,738
01/01/2012 to 12/31/2012	$10.54027	$11.70096	10,965,332
01/01/2013 to 12/31/2013	$11.70096	$13.58699	12,336,405
01/01/2014 to 12/31/2014	$13.58699	$14.28492	11,995,011
01/01/2015 to 12/31/2015	$14.28492	$14.16631	11,559,990
01/01/2016 to 12/31/2016	$14.16631	$14.86310	11,173,889
01/01/2017 to 12/31/2017	$14.86310	$16.85707	10,686,362
01/01/2018 to 12/31/2018	$16.85707	$15.81588	9,656,858

A-24



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99892	$9.18873	717,098
01/01/2012 to 12/31/2012	$9.18873	$10.14802	2,315,047
01/01/2013 to 12/31/2013	$10.14802	$11.10316	2,852,184
01/01/2014 to 12/31/2014	$11.10316	$11.49527	2,763,123
01/01/2015 to 12/31/2015	$11.49527	$11.00542	2,693,375
01/01/2016 to 12/31/2016	$11.00542	$11.61872	2,518,878
01/01/2017 to 12/31/2017	$11.61872	$12.91431	2,433,790
01/01/2018 to 12/31/2018	$12.91431	$12.07270	2,234,693
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00835	$10.13563	156,318
01/01/2011 to 12/31/2011	$10.13563	$10.22893	246,817
01/01/2012 to 12/31/2012	$10.22893	$10.56974	563,264
01/01/2013 to 12/31/2013	$10.56974	$10.20540	422,763
01/01/2014 to 12/31/2014	$10.20540	$10.06284	415,771
01/01/2015 to 12/31/2015	$10.06284	$9.98020	371,698
01/01/2016 to 12/31/2016	$9.98020	$10.01180	361,586
01/01/2017 to 12/31/2017	$10.01180	$10.05055	375,151
01/01/2018 to 12/31/2018	$10.05055	$9.99295	324,865
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00727	$10.40977	1,760,031
01/01/2011 to 12/31/2011	$10.40977	$10.60112	2,633,813
01/01/2012 to 12/31/2012	$10.60112	$11.43860	5,112,090
01/01/2013 to 12/31/2013	$11.43860	$11.08248	5,459,355
01/01/2014 to 12/31/2014	$11.08248	$11.40123	5,144,324
01/01/2015 to 12/31/2015	$11.40123	$11.01583	4,559,885
01/01/2016 to 12/31/2016	$11.01583	$11.33255	4,352,471
01/01/2017 to 12/31/2017	$11.33255	$11.67344	4,579,272
01/01/2018 to 12/31/2018	$11.67344	$11.44483	3,981,860
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97809	$10.89145	2,016,080
01/01/2011 to 12/31/2011	$10.89145	$10.48915	3,217,470
01/01/2012 to 12/31/2012	$10.48915	$11.77340	6,335,444
01/01/2013 to 12/31/2013	$11.77340	$14.25584	7,614,510
01/01/2014 to 12/31/2014	$14.25584	$15.05481	7,778,583
01/01/2015 to 12/31/2015	$15.05481	$14.93839	7,596,835
01/01/2016 to 12/31/2016	$14.93839	$15.75247	7,423,775
01/01/2017 to 12/31/2017	$15.75247	$18.32966	7,223,442
01/01/2018 to 12/31/2018	$18.32966	$16.96532	6,637,424
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99892	$11.69855	24,041
01/01/2014 to 12/31/2014	$11.69855	$13.11792	52,955
01/01/2015 to 12/31/2015	$13.11792	$12.48497	54,740
01/01/2016 to 12/31/2016	$12.48497	$14.15832	106,443
01/01/2017 to 12/31/2017	$14.15832	$16.54656	85,136
01/01/2018 to 12/31/2018	$16.54656	$15.55216	77,954
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.96031	$11.84909	66,028
01/01/2011 to 12/31/2011	$11.84909	$12.46608	160,852
01/01/2012 to 12/31/2012	$12.46608	$14.19219	359,936
01/01/2013 to 12/31/2013	$14.19219	$14.44656	411,811
01/01/2014 to 12/31/2014	$14.44656	$18.66669	348,011
01/01/2015 to 12/31/2015	$18.66669	$19.31653	302,465
01/01/2016 to 12/31/2016	$19.31653	$19.98386	295,241
01/01/2017 to 12/31/2017	$19.98386	$20.95658	306,314
01/01/2018 to 12/31/2018	$20.95658	$19.69922	278,377

A-25



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97640	$11.07430	1,522,851
01/01/2011 to 12/31/2011	$11.07430	$10.76605	3,004,090
01/01/2012 to 12/31/2012	$10.76605	$11.75601	6,202,628
01/01/2013 to 12/31/2013	$11.75601	$13.31592	7,217,200
01/01/2014 to 12/31/2014	$13.31592	$13.55705	7,076,314
01/01/2015 to 12/31/2015	$13.55705	$13.51341	6,730,170
01/01/2016 to 12/31/2016	$13.51341	$13.90530	6,475,986
01/01/2017 to 12/31/2017	$13.90530	$15.98573	6,169,777
01/01/2018 to 12/31/2018	$15.98573	$14.55487	5,588,315
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97060	$11.60747	70,058
01/01/2011 to 12/31/2011	$11.60747	$10.87942	83,962
01/01/2012 to 12/31/2012	$10.87942	$13.61620	159,529
01/01/2013 to 12/31/2013	$13.61620	$14.02348	187,072
01/01/2014 to 12/31/2014	$14.02348	$15.76833	183,937
01/01/2015 to 12/31/2015	$15.76833	$15.54934	155,830
01/01/2016 to 12/31/2016	$15.54934	$15.48493	141,913
01/01/2017 to 12/31/2017	$15.48493	$16.94800	144,039
01/01/2018 to 12/31/2018	$16.94800	$15.93869	112,537
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99217	$10.82329	113,183
01/01/2011 to 12/31/2011	$10.82329	$10.09318	210,526
01/01/2012 to 12/31/2012	$10.09318	$11.92098	384,506
01/01/2013 to 12/31/2013	$11.92098	$15.71268	424,711
01/01/2014 to 12/31/2014	$15.71268	$17.54506	429,592
01/01/2015 to 12/31/2015	$17.54506	$16.51665	730,751
01/01/2016 to 12/31/2016	$16.51665	$18.18380	682,068
01/01/2017 to 12/31/2017	$18.18380	$19.69733	876,373
01/01/2018 to 12/31/2018	$19.69733	$17.78221	742,270
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.02025	$11.47753	189,012
01/01/2011 to 12/31/2011	$11.47753	$10.99121	233,643
01/01/2012 to 12/31/2012	$10.99121	$12.97601	463,170
01/01/2013 to 12/31/2013	$12.97601	$16.93019	467,960
01/01/2014 to 12/31/2014	$16.93019	$18.63631	430,047
01/01/2015 to 12/31/2015	$18.63631	$17.34822	700,232
01/01/2016 to 12/31/2016	$17.34822	$17.40477	693,645
01/01/2017 to 12/31/2017	$17.40477	$21.83303	642,637
01/01/2018 to 12/31/2018	$21.83303	$20.61058	597,417
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98867	$10.75964	1,073,465
01/01/2011 to 12/31/2011	$10.75964	$10.56611	2,004,646
01/01/2012 to 12/31/2012	$10.56611	$11.48504	3,557,137
01/01/2013 to 12/31/2013	$11.48504	$12.44907	3,648,816
01/01/2014 to 12/31/2014	$12.44907	$12.78375	3,441,886
01/01/2015 to 12/31/2015	$12.78375	$12.50271	3,174,922
01/01/2016 to 12/31/2016	$12.50271	$12.98903	2,980,894
01/01/2017 to 12/31/2017	$12.98903	$14.39532	3,007,713
01/01/2018 to 12/31/2018	$14.39532	$13.20449	2,394,877

A-26



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96555	$11.55299	153,057
01/01/2011 to 12/31/2011	$11.55299	$11.55148	210,627
01/01/2012 to 12/31/2012	$11.55148	$13.18999	385,470
01/01/2013 to 12/31/2013	$13.18999	$18.07134	402,640
01/01/2014 to 12/31/2014	$18.07134	$19.12024	410,027
01/01/2015 to 12/31/2015	$19.12024	$17.83491	368,603
01/01/2016 to 12/31/2016	$17.83491	$21.88329	356,938
01/01/2017 to 12/31/2017	$21.88329	$24.23206	363,214
01/01/2018 to 12/31/2018	$24.23206	$20.55190	310,652
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99893	$9.89691	113,772
01/01/2011 to 12/31/2011	$9.89691	$9.77005	295,537
01/01/2012 to 12/31/2012	$9.77005	$9.64353	521,735
01/01/2013 to 12/31/2013	$9.64353	$9.51854	468,744
01/01/2014 to 12/31/2014	$9.51854	$9.39464	282,431
01/01/2015 to 12/31/2015	$9.39464	$9.27261	267,847
01/01/2016 to 12/31/2016	$9.27261	$9.15228	281,463
01/01/2017 to 12/31/2017	$9.15228	$9.06428	236,389
01/01/2018 to 12/31/2018	$9.06428	$9.06211	687,993
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98490	$10.82146	117,563
01/01/2011 to 12/31/2011	$10.82146	$11.01977	211,903
01/01/2012 to 12/31/2012	$11.01977	$12.38543	502,448
01/01/2013 to 12/31/2013	$12.38543	$13.10213	548,275
01/01/2014 to 12/31/2014	$13.10213	$13.26266	527,727
01/01/2015 to 12/31/2015	$13.26266	$12.62368	495,122
01/01/2016 to 12/31/2016	$12.62368	$14.37813	443,814
01/01/2017 to 12/31/2017	$14.37813	$15.25193	449,048
01/01/2018 to 12/31/2018	$15.25193	$14.75366	398,822
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99091	$10.67679	31,534
01/01/2011 to 12/31/2011	$10.67679	$10.09724	57,832
01/01/2012 to 12/31/2012	$10.09724	$11.64872	109,356
01/01/2013 to 12/31/2013	$11.64872	$16.08032	167,477
01/01/2014 to 12/31/2014	$16.08032	$18.05291	194,561
01/01/2015 to 12/31/2015	$18.05291	$16.42198	170,824
01/01/2016 to 12/31/2016	$16.42198	$19.43222	178,327
01/01/2017 to 12/31/2017	$19.43222	$22.86130	169,335
01/01/2018 to 12/31/2018	$22.86130	$19.36949	143,308
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92975	$11.31839	93,640
01/01/2011 to 12/31/2011	$11.31839	$9.72769	112,683
01/01/2012 to 12/31/2012	$9.72769	$11.55656	144,641
01/01/2013 to 12/31/2013	$11.55656	$13.57997	168,359
01/01/2014 to 12/31/2014	$13.57997	$12.66291	186,402
01/01/2015 to 12/31/2015	$12.66291	$12.89176	184,953
01/01/2016 to 12/31/2016	$12.89176	$12.24381	184,989
01/01/2017 to 12/31/2017	$12.24381	$16.36626	187,430
01/01/2018 to 12/31/2018	$16.36626	$13.99914	201,305

A-27



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92962	$10.85463	58,073
01/01/2011 to 12/31/2011	$10.85463	$9.36922	76,282
01/01/2012 to 12/31/2012	$9.36922	$10.78951	144,351
01/01/2013 to 12/31/2013	$10.78951	$12.72239	166,403
01/01/2014 to 12/31/2014	$12.72239	$11.71529	176,814
01/01/2015 to 12/31/2015	$11.71529	$11.65752	189,507
01/01/2016 to 12/31/2016	$11.65752	$11.57308	157,466
01/01/2017 to 12/31/2017	$11.57308	$14.02897	164,362
01/01/2018 to 12/31/2018	$14.02897	$11.61149	134,523
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00716	$10.65798	963
01/01/2011 to 12/31/2011	$10.65798	$11.82865	14,129,322
01/01/2012 to 12/31/2012	$11.82865	$12.77233	4,475,254
01/01/2013 to 12/31/2013	$12.77233	$12.20515	480,883
01/01/2014 to 12/31/2014	$12.20515	$12.85709	552,630
01/01/2015 to 12/31/2015	$12.85709	$12.83878	2,383,519
01/01/2016 to 12/31/2016	$12.83878	$13.20503	2,189,580
01/01/2017 to 12/31/2017	$13.20503	$13.59580	718,938
01/01/2018 to 12/31/2018	$13.59580	$13.38227	4,046,961
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97716	$10.93142	518,713
01/01/2011 to 12/31/2011	$10.93142	$10.72799	1,140,259
01/01/2012 to 12/31/2012	$10.72799	$12.02671	2,761,214
01/01/2013 to 12/31/2013	$12.02671	$13.80307	3,550,113
01/01/2014 to 12/31/2014	$13.80307	$14.49073	3,444,979
01/01/2015 to 12/31/2015	$14.49073	$14.15256	3,332,668
01/01/2016 to 12/31/2016	$14.15256	$14.69775	3,188,397
01/01/2017 to 12/31/2017	$14.69775	$16.96691	3,152,801
01/01/2018 to 12/31/2018	$16.96691	$15.51079	2,958,818
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92228	$10.61546	188,862
01/01/2011 to 12/31/2011	$10.61546	$9.51892	272,145
01/01/2012 to 12/31/2012	$9.51892	$11.45344	402,349
01/01/2013 to 12/31/2013	$11.45344	$13.04109	431,061
01/01/2014 to 12/31/2014	$13.04109	$12.05224	469,542
01/01/2015 to 12/31/2015	$12.05224	$11.56310	454,230
01/01/2016 to 12/31/2016	$11.56310	$11.63353	453,539
01/01/2017 to 12/31/2017	$11.63353	$14.88519	439,564
01/01/2018 to 12/31/2018	$14.88519	$12.12438	413,606
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99892	$10.64561	1,274,952
01/01/2011 to 12/31/2011	$10.64561	$10.53196	1,680,773
01/01/2012 to 12/31/2012	$10.53196	$11.50931	3,614,736
01/01/2013 to 12/31/2013	$11.50931	$12.61294	4,075,434
01/01/2014 to 12/31/2014	$12.61294	$13.12731	3,921,488
01/01/2015 to 12/31/2015	$13.12731	$12.93297	3,693,992
01/01/2016 to 12/31/2016	$12.93297	$13.25501	3,490,875
01/01/2017 to 12/31/2017	$13.25501	$14.67172	3,375,046
01/01/2018 to 12/31/2018	$14.67172	$13.73759	3,016,304

A-28



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97178	$10.83550	54,258
01/01/2011 to 12/31/2011	$10.83550	$10.76565	100,497
01/01/2012 to 12/31/2012	$10.76565	$12.23930	264,843
01/01/2013 to 12/31/2013	$12.23930	$16.48876	263,046
01/01/2014 to 12/31/2014	$16.48876	$17.82120	255,266
01/01/2015 to 12/31/2015	$17.82120	$19.46008	258,022
01/01/2016 to 12/31/2016	$19.46008	$18.92630	234,993
01/01/2017 to 12/31/2017	$18.92630	$25.37413	210,697
01/01/2018 to 12/31/2018	$25.37413	$24.63897	192,765
AST Legg Mason Diversified Growth Portfolio
11/24/2014* to 12/31/2014	$9.99892	$9.94571	0
01/01/2015 to 12/31/2015	$9.94571	$9.72775	0
01/01/2016 to 12/31/2016	$9.72775	$10.45780	10,427
01/01/2017 to 12/31/2017	$10.45780	$11.82978	9,514
01/01/2018 to 12/31/2018	$11.82978	$10.95483	9,511
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99303	$11.36749	179,668
01/01/2011 to 12/31/2011	$11.36749	$11.11743	282,606
01/01/2012 to 12/31/2012	$11.11743	$12.31871	453,969
01/01/2013 to 12/31/2013	$12.31871	$16.61002	419,180
01/01/2014 to 12/31/2014	$16.61002	$18.13007	731,099
01/01/2015 to 12/31/2015	$18.13007	$19.69664	617,181
01/01/2016 to 12/31/2016	$19.69664	$20.52521	623,680
01/01/2017 to 12/31/2017	$20.52521	$26.94244	550,011
01/01/2018 to 12/31/2018	$26.94244	$25.87563	439,358
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98806	$10.95462	160,930
01/01/2011 to 12/31/2011	$10.95462	$10.47366	220,494
01/01/2012 to 12/31/2012	$10.47366	$12.72311	390,491
01/01/2013 to 12/31/2013	$12.72311	$16.02802	434,565
01/01/2014 to 12/31/2014	$16.02802	$16.39392	443,769
01/01/2015 to 12/31/2015	$16.39392	$15.94369	432,607
01/01/2016 to 12/31/2016	$15.94369	$16.85607	449,184
01/01/2017 to 12/31/2017	$16.85607	$20.60381	431,452
01/01/2018 to 12/31/2018	$20.60381	$18.39193	380,810
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99892	$10.93006	72,358
01/01/2011 to 12/31/2011	$10.93006	$10.72407	99,962
01/01/2012 to 12/31/2012	$10.72407	$12.39282	179,098
01/01/2013 to 12/31/2013	$12.39282	$16.72156	177,241
01/01/2014 to 12/31/2014	$16.72156	$17.94181	177,076
01/01/2015 to 12/31/2015	$17.94181	$18.98862	160,223
01/01/2016 to 12/31/2016	$18.98862	$19.10047	158,512
01/01/2017 to 12/31/2017	$19.10047	$24.64204	141,109
01/01/2018 to 12/31/2018	$24.64204	$24.84283	136,913
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99893	$10.21028	18
01/01/2013 to 12/31/2013	$10.21028	$13.55475	30,659
01/01/2014 to 12/31/2014	$13.55475	$14.74552	36,694
01/01/2015 to 12/31/2015	$14.74552	$14.44861	74,064
01/01/2016 to 12/31/2016	$14.44861	$16.17865	127,355
01/01/2017 to 12/31/2017	$16.17865	$18.73770	145,489
01/01/2018 to 12/31/2018	$18.73770	$16.61574	144,178

A-29



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99148	$11.29548	105,978
01/01/2011 to 12/31/2011	$11.29548	$10.87188	178,182
01/01/2012 to 12/31/2012	$10.87188	$12.56833	335,675
01/01/2013 to 12/31/2013	$12.56833	$17.61601	362,866
01/01/2014 to 12/31/2014	$17.61601	$19.86467	363,604
01/01/2015 to 12/31/2015	$19.86467	$18.50123	345,036
01/01/2016 to 12/31/2016	$18.50123	$21.59009	373,356
01/01/2017 to 12/31/2017	$21.59009	$24.24853	358,027
01/01/2018 to 12/31/2018	$24.24853	$19.99644	299,243
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99893	$10.34858	724,229
01/01/2013 to 12/31/2013	$10.34858	$12.14602	935,292
01/01/2014 to 12/31/2014	$12.14602	$12.60409	952,142
01/01/2015 to 12/31/2015	$12.60409	$12.28577	895,402
01/01/2016 to 12/31/2016	$12.28577	$12.65041	849,813
01/01/2017 to 12/31/2017	$12.65041	$14.54570	829,552
01/01/2018 to 12/31/2018	$14.54570	$13.16770	753,921
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93940	$11.73867	344,029
01/01/2011 to 12/31/2011	$11.73867	$9.23763	444,703
01/01/2012 to 12/31/2012	$9.23763	$10.75214	790,827
01/01/2013 to 12/31/2013	$10.75214	$10.63612	868,661
01/01/2014 to 12/31/2014	$10.63612	$10.00622	891,763
01/01/2015 to 12/31/2015	$10.00622	$8.22421	848,985
01/01/2016 to 12/31/2016	$8.22421	$9.12099	779,644
01/01/2017 to 12/31/2017	$9.12099	$11.37732	801,438
01/01/2018 to 12/31/2018	$11.37732	$9.65141	726,830
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98989	$10.65463	2,026,191
01/01/2011 to 12/31/2011	$10.65463	$10.62112	4,049,925
01/01/2012 to 12/31/2012	$10.62112	$11.57039	8,490,782
01/01/2013 to 12/31/2013	$11.57039	$12.47194	9,362,091
01/01/2014 to 12/31/2014	$12.47194	$13.02073	8,986,810
01/01/2015 to 12/31/2015	$13.02073	$12.86986	8,572,947
01/01/2016 to 12/31/2016	$12.86986	$13.40474	8,154,181
01/01/2017 to 12/31/2017	$13.40474	$14.57126	8,027,849
01/01/2018 to 12/31/2018	$14.57126	$13.97244	7,265,764
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01884	$10.07683	15,195
01/01/2012 to 12/31/2012	$10.07683	$10.65287	165,409
01/01/2013 to 12/31/2013	$10.65287	$10.27127	208,725
01/01/2014 to 12/31/2014	$10.27127	$10.75219	252,824
01/01/2015 to 12/31/2015	$10.75219	$10.58400	257,289
01/01/2016 to 12/31/2016	$10.58400	$10.88655	306,404
01/01/2017 to 12/31/2017	$10.88655	$11.35471	330,387
01/01/2018 to 12/31/2018	$11.35471	$11.11519	332,131

A-30



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96392	$11.57100	1,263,478
01/01/2011 to 12/31/2011	$11.57100	$10.71112	2,063,048
01/01/2012 to 12/31/2012	$10.71112	$11.93776	4,616,019
01/01/2013 to 12/31/2013	$11.93776	$13.78859	5,778,464
01/01/2014 to 12/31/2014	$13.78859	$14.86104	5,774,393
01/01/2015 to 12/31/2015	$14.86104	$14.57797	10,584,645
01/01/2016 to 12/31/2016	$14.57797	$15.84120	10,135,191
01/01/2017 to 12/31/2017	$15.84120	$18.15252	17,367,892
01/01/2018 to 12/31/2018	$18.15252	$16.55449	15,321,224
AST QMA Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99892	$11.70512	0
01/01/2014 to 12/31/2014	$11.70512	$13.31379	0
01/01/2015 to 12/31/2015	$13.31379	$13.34352	387
01/01/2016 to 12/31/2016	$13.34352	$14.60020	2,405
01/01/2017 to 12/31/2017	$14.60020	$17.49643	2,316
01/01/2018 to 12/31/2018	$17.49643	$16.03284	308
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99892	$10.95026	27,596
01/01/2011 to 12/31/2011	$10.95026	$11.18180	67,008
01/01/2012 to 12/31/2012	$11.18180	$13.11164	141,648
01/01/2013 to 12/31/2013	$13.11164	$17.13775	164,437
01/01/2014 to 12/31/2014	$17.13775	$19.82656	176,902
01/01/2015 to 12/31/2015	$19.82656	$20.17140	146,580
01/01/2016 to 12/31/2016	$20.17140	$22.86543	163,041
01/01/2017 to 12/31/2017	$22.86543	$27.59065	156,926
01/01/2018 to 12/31/2018	$27.59065	$24.99267	140,834
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99892	$8.92125	0
01/01/2012 to 12/31/2012	$8.92125	$9.96370	4,544
01/01/2013 to 12/31/2013	$9.96370	$12.03673	4,671
01/01/2014 to 12/31/2014	$12.03673	$12.65262	4,667
01/01/2015 to 12/31/2015	$12.65262	$12.50693	4,663
01/01/2016 to 12/31/2016	$12.50693	$13.12509	4,663
01/01/2017 to 12/31/2017	$13.12509	$15.31131	6,077
01/01/2018 to 12/31/2018	$15.31131	$14.12473	6,075
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98798	$10.84421	1,742,582
01/01/2011 to 12/31/2011	$10.84421	$10.50892	3,371,705
01/01/2012 to 12/31/2012	$10.50892	$11.43867	7,858,393
01/01/2013 to 12/31/2013	$11.43867	$12.69438	9,186,421
01/01/2014 to 12/31/2014	$12.69438	$13.17323	9,013,572
01/01/2015 to 12/31/2015	$13.17323	$12.98042	8,842,228
01/01/2016 to 12/31/2016	$12.98042	$13.42887	8,395,483
01/01/2017 to 12/31/2017	$13.42887	$15.40633	8,049,090
01/01/2018 to 12/31/2018	$15.40633	$14.00336	7,240,143
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97226	$12.22363	37,657
01/01/2011 to 12/31/2011	$12.22363	$10.48304	134,774
01/01/2012 to 12/31/2012	$10.48304	$12.42355	219,428
01/01/2013 to 12/31/2013	$12.42355	$17.26646	233,452
01/01/2014 to 12/31/2014	$17.26646	$17.88395	222,534
01/01/2015 to 12/31/2015	$17.88395	$17.88711	194,124
01/01/2016 to 12/31/2016	$17.88711	$19.01429	180,705
01/01/2017 to 12/31/2017	$19.01429	$23.96456	173,888
01/01/2018 to 12/31/2018	$23.96456	$21.08659	145,593

A-31



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96131	$12.68615	50,970
01/01/2011 to 12/31/2011	$12.68615	$12.39878	98,599
01/01/2012 to 12/31/2012	$12.39878	$13.72749	229,649
01/01/2013 to 12/31/2013	$13.72749	$18.31474	236,945
01/01/2014 to 12/31/2014	$18.31474	$18.76702	238,557
01/01/2015 to 12/31/2015	$18.76702	$18.66860	248,016
01/01/2016 to 12/31/2016	$18.66860	$20.65158	239,875
01/01/2017 to 12/31/2017	$20.65158	$25.25871	228,397
01/01/2018 to 12/31/2018	$25.25871	$22.83360	214,925
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96474	$11.52948	44,863
01/01/2011 to 12/31/2011	$11.52948	$10.69970	69,319
01/01/2012 to 12/31/2012	$10.69970	$12.47826	124,318
01/01/2013 to 12/31/2013	$12.47826	$16.92247	121,412
01/01/2014 to 12/31/2014	$16.92247	$17.58238	116,091
01/01/2015 to 12/31/2015	$17.58238	$16.60583	118,889
01/01/2016 to 12/31/2016	$16.60583	$21.17695	125,239
01/01/2017 to 12/31/2017	$21.17695	$22.43803	105,476
01/01/2018 to 12/31/2018	$22.43803	$18.36352	91,717
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99262	$10.75123	3,239,651
01/01/2011 to 12/31/2011	$10.75123	$10.82213	6,771,379
01/01/2012 to 12/31/2012	$10.82213	$12.12288	15,859,196
01/01/2013 to 12/31/2013	$12.12288	$13.97954	18,784,994
01/01/2014 to 12/31/2014	$13.97954	$14.60907	18,587,781
01/01/2015 to 12/31/2015	$14.60907	$14.42529	21,666,221
01/01/2016 to 12/31/2016	$14.42529	$15.31223	21,082,338
01/01/2017 to 12/31/2017	$15.31223	$17.44229	20,234,386
01/01/2018 to 12/31/2018	$17.44229	$16.29732	18,463,163
AST T. Rowe Price Growth Opportunities Portfolio
02/10/2014* to 12/31/2014	$9.99892	$10.54562	0
01/01/2015 to 12/31/2015	$10.54562	$10.56463	883
01/01/2016 to 12/31/2016	$10.56463	$10.99577	883
01/01/2017 to 12/31/2017	$10.99577	$13.06767	4,523
01/01/2018 to 12/31/2018	$13.06767	$11.91193	4,954
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97150	$11.19772	200,365
01/01/2011 to 12/31/2011	$11.19772	$10.86500	325,842
01/01/2012 to 12/31/2012	$10.86500	$12.60921	693,674
01/01/2013 to 12/31/2013	$12.60921	$17.92452	666,594
01/01/2014 to 12/31/2014	$17.92452	$19.16797	665,841
01/01/2015 to 12/31/2015	$19.16797	$20.73190	713,758
01/01/2016 to 12/31/2016	$20.73190	$21.01510	696,301
01/01/2017 to 12/31/2017	$21.01510	$28.60108	644,401
01/01/2018 to 12/31/2018	$28.60108	$29.31875	584,338
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98653	$10.72651	14,637
01/01/2011 to 12/31/2011	$10.72651	$10.53507	96,250
01/01/2012 to 12/31/2012	$10.53507	$11.79151	311,826
01/01/2013 to 12/31/2013	$11.79151	$15.66850	320,669
01/01/2014 to 12/31/2014	$15.66850	$15.70586	305,808
01/01/2015 to 12/31/2015	$15.70586	$14.56174	286,238
01/01/2016 to 12/31/2016	$14.56174	$15.25369	280,546
01/01/2017 to 12/31/2017	$15.25369	$17.54800	263,362
01/01/2018 to 12/31/2018	$17.54800	$15.63700	253,669

A-32



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.86018	$11.53931	226,039
01/01/2011 to 12/31/2011	$11.53931	$9.69046	372,065
01/01/2012 to 12/31/2012	$9.69046	$9.91022	694,859
01/01/2013 to 12/31/2013	$9.91022	$11.28586	679,741
01/01/2014 to 12/31/2014	$11.28586	$10.20778	687,247
01/01/2015 to 12/31/2015	$10.20778	$8.13532	699,159
01/01/2016 to 12/31/2016	$8.13532	$10.00630	618,579
01/01/2017 to 12/31/2017	$10.00630	$10.89442	651,164
01/01/2018 to 12/31/2018	$10.89442	$8.96148	533,399
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98061	$10.36769	143,821
01/01/2011 to 12/31/2011	$10.36769	$10.65495	239,936
01/01/2012 to 12/31/2012	$10.65495	$11.06588	389,269
01/01/2013 to 12/31/2013	$11.06588	$10.51202	416,332
01/01/2014 to 12/31/2014	$10.51202	$10.43316	420,522
01/01/2015 to 12/31/2015	$10.43316	$9.82209	380,032
01/01/2016 to 12/31/2016	$9.82209	$10.11715	359,680
01/01/2017 to 12/31/2017	$10.11715	$10.18971	368,496
01/01/2018 to 12/31/2018	$10.18971	$10.25758	308,674
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98919	$11.56425	60,984
01/01/2011 to 12/31/2011	$11.56425	$11.02019	112,742
01/01/2012 to 12/31/2012	$11.02019	$12.87930	171,428
01/01/2013 to 12/31/2013	$12.87930	$16.83252	165,288
01/01/2014 to 12/31/2014	$16.83252	$19.10071	158,692
01/01/2015 to 12/31/2015	$19.10071	$17.60657	139,976
01/01/2016 to 12/31/2016	$17.60657	$19.81025	134,621
01/01/2017 to 12/31/2017	$19.81025	$23.17660	120,856
01/01/2018 to 12/31/2018	$23.17660	$19.09354	104,041
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99892	$8.85848	268,058
01/01/2012 to 12/31/2012	$8.85848	$9.70561	1,151,273
01/01/2013 to 12/31/2013	$9.70561	$11.54352	1,771,017
01/01/2014 to 12/31/2014	$11.54352	$12.02061	1,870,480
01/01/2015 to 12/31/2015	$12.02061	$11.78924	1,739,473
01/01/2016 to 12/31/2016	$11.78924	$12.39552	1,682,352
01/01/2017 to 12/31/2017	$12.39552	$13.89783	1,619,500
01/01/2018 to 12/31/2018	$13.89783	$13.03078	1,462,669
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99892	$10.45725	244,058
01/01/2011 to 12/31/2011	$10.45725	$10.94324	427,687
01/01/2012 to 12/31/2012	$10.94324	$11.64904	727,814
01/01/2013 to 12/31/2013	$11.64904	$11.32595	829,748
01/01/2014 to 12/31/2014	$11.32595	$11.98316	879,706
01/01/2015 to 12/31/2015	$11.98316	$11.97368	943,406
01/01/2016 to 12/31/2016	$11.97368	$12.42690	998,622
01/01/2017 to 12/31/2017	$12.42690	$13.03934	1,082,144
01/01/2018 to 12/31/2018	$13.03934	$12.57749	1,676,076

A-33



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Western Asset Emerging Markets Debt Portfolio
08/20/2012* to 12/31/2012	$9.99893	$10.39933	6,510
01/01/2013 to 12/31/2013	$10.39933	$9.42915	10,108
01/01/2014 to 12/31/2014	$9.42915	$9.43260	9,595
01/01/2015 to 12/31/2015	$9.43260	$9.02303	5,383
01/01/2016 to 12/31/2016	$9.02303	$9.85061	4,178
01/01/2017 to 12/31/2017	$9.85061	$10.62723	3,384
01/01/2018 to 12/31/2018	$10.62723	$9.78901	2,332
PSF Small Capitalization Stock Portfolio
formerly,Prudential Small Capitalization Stock Portfolio
04/30/2018* to 12/31/2018	$9.90769	$8.82880	4,035
PSF Stock Index Portfolio
formerly,Prudential Stock Index Portfolio
04/30/2018* to 12/31/2018	$9.91839	$9.41927	1,265
*Denotes the start date of these sub-accounts

A-34



PREMIER RETIREMENT B SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: With HAV and HD GRO II OR HAV and GRO Plus II (2.30%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96738	$10.76360	119,777
01/01/2011 to 12/31/2011	$10.76360	$10.23677	63,270
01/01/2012 to 12/31/2012	$10.23677	$11.25791	55,665
01/01/2013 to 12/31/2013	$11.25791	$12.09609	51,239
01/01/2014 to 12/31/2014	$12.09609	$12.26912	48,272
01/01/2015 to 12/31/2015	$12.26912	$11.60105	23,189
01/01/2016 to 12/31/2016	$11.60105	$12.05305	16,955
01/01/2017 to 12/31/2017	$12.05305	$13.25866	26,254
01/01/2018 to 12/31/2018	$13.25866	$11.89825	8,561
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97807	$10.86903	135,746
01/01/2011 to 12/31/2011	$10.86903	$10.63140	97,104
01/01/2012 to 12/31/2012	$10.63140	$11.80420	86,608
01/01/2013 to 12/31/2013	$11.80420	$13.44221	53,339
01/01/2014 to 12/31/2014	$13.44221	$13.93521	61,095
01/01/2015 to 12/31/2015	$13.93521	$13.72405	39,168
01/01/2016 to 12/31/2016	$13.72405	$14.36201	30,438
01/01/2017 to 12/31/2017	$14.36201	$16.40782	29,846
01/01/2018 to 12/31/2018	$16.40782	$15.08486	11,969
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98834	$10.72203	264,599
01/01/2011 to 12/31/2011	$10.72203	$10.34844	228,689
01/01/2012 to 12/31/2012	$10.34844	$11.37141	207,751
01/01/2013 to 12/31/2013	$11.37141	$13.07048	142,794
01/01/2014 to 12/31/2014	$13.07048	$13.60269	163,330
01/01/2015 to 12/31/2015	$13.60269	$13.35307	85,736
01/01/2016 to 12/31/2016	$13.35307	$13.86830	61,334
01/01/2017 to 12/31/2017	$13.86830	$15.56997	71,543
01/01/2018 to 12/31/2018	$15.56997	$14.45940	36,197
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99809	$9.12620	0
01/01/2012 to 12/31/2012	$9.12620	$9.97667	0
01/01/2013 to 12/31/2013	$9.97667	$10.80518	1,041
01/01/2014 to 12/31/2014	$10.80518	$11.07340	0
01/01/2015 to 12/31/2015	$11.07340	$10.49404	0
01/01/2016 to 12/31/2016	$10.49404	$10.96688	0
01/01/2017 to 12/31/2017	$10.96688	$12.06665	0
01/01/2018 to 12/31/2018	$12.06665	$11.16542	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00751	$10.05274	998
01/01/2011 to 12/31/2011	$10.05274	$10.04285	1,989
01/01/2012 to 12/31/2012	$10.04285	$10.27228	569
01/01/2013 to 12/31/2013	$10.27228	$9.81790	20
01/01/2014 to 12/31/2014	$9.81790	$9.58291	143
01/01/2015 to 12/31/2015	$9.58291	$9.40784	123
01/01/2016 to 12/31/2016	$9.40784	$9.34229	76
01/01/2017 to 12/31/2017	$9.34229	$9.28330	83
01/01/2018 to 12/31/2018	$9.28330	$9.13630	0

A-35



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00643	$10.32475	156,041
01/01/2011 to 12/31/2011	$10.32475	$10.40836	103,225
01/01/2012 to 12/31/2012	$10.40836	$11.11653	98,464
01/01/2013 to 12/31/2013	$11.11653	$10.66129	62,675
01/01/2014 to 12/31/2014	$10.66129	$10.85686	52,098
01/01/2015 to 12/31/2015	$10.85686	$10.38362	44,109
01/01/2016 to 12/31/2016	$10.38362	$10.57422	36,562
01/01/2017 to 12/31/2017	$10.57422	$10.78227	39,246
01/01/2018 to 12/31/2018	$10.78227	$10.46331	32,662
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00679	$10.59877	0
01/01/2011 to 12/31/2011	$10.59877	$11.76169	615,430
01/01/2012 to 12/31/2012	$11.76169	$12.14766	703,996
01/01/2013 to 12/31/2013	$12.14766	$11.49527	736,638
01/01/2014 to 12/31/2014	$11.49527	$11.52978	666,603
01/01/2015 to 12/31/2015	$11.52978	$11.35600	431,274
01/01/2016 to 12/31/2016	$11.35600	$11.27384	357,047
01/01/2017 to 12/31/2017	$11.27384	$11.09363	487,473
01/01/2018 to 12/31/2018	$11.09363	$10.91927	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99809	$10.60163	0
01/01/2011 to 12/31/2011	$10.60163	$12.01278	0
01/01/2012 to 12/31/2012	$12.01278	$12.42372	53,846
01/01/2013 to 12/31/2013	$12.42372	$11.55152	32,333
01/01/2014 to 12/31/2014	$11.55152	$11.76707	14,700
01/01/2015 to 12/31/2015	$11.76707	$11.61949	16,974
01/01/2016 to 12/31/2016	$11.61949	$11.51704	17,620
01/01/2017 to 12/31/2017	$11.51704	$11.33848	17,475
01/01/2018 to 12/31/2018	$11.33848	$11.13899	376,830
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00891	$10.63229	0
01/01/2011 to 12/31/2011	$10.63229	$12.32822	201
01/01/2012 to 12/31/2012	$12.32822	$12.80538	0
01/01/2013 to 12/31/2013	$12.80538	$11.69563	158,506
01/01/2014 to 12/31/2014	$11.69563	$12.13039	99,469
01/01/2015 to 12/31/2015	$12.13039	$12.03229	135,334
01/01/2016 to 12/31/2016	$12.03229	$11.98615	127,469
01/01/2017 to 12/31/2017	$11.98615	$11.81485	32,526
01/01/2018 to 12/31/2018	$11.81485	$11.57527	37,215
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00784	$10.73369	0
01/01/2011 to 12/31/2011	$10.73369	$12.61630	453,232
01/01/2012 to 12/31/2012	$12.61630	$13.16317	428,448
01/01/2013 to 12/31/2013	$13.16317	$11.96003	204,525
01/01/2014 to 12/31/2014	$11.96003	$12.58253	323,814
01/01/2015 to 12/31/2015	$12.58253	$12.51228	324,881
01/01/2016 to 12/31/2016	$12.51228	$12.47376	298,187
01/01/2017 to 12/31/2017	$12.47376	$12.38018	251,416
01/01/2018 to 12/31/2018	$12.38018	$12.10205	150,318

A-36



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99809	$11.95962	94,051
01/01/2012 to 12/31/2012	$11.95962	$12.36732	176,446
01/01/2013 to 12/31/2013	$12.36732	$10.90536	130,875
01/01/2014 to 12/31/2014	$10.90536	$11.75937	72,368
01/01/2015 to 12/31/2015	$11.75937	$11.72977	132,585
01/01/2016 to 12/31/2016	$11.72977	$11.66990	99,527
01/01/2017 to 12/31/2017	$11.66990	$11.58096	82,894
01/01/2018 to 12/31/2018	$11.58096	$11.29641	60,696
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99746	$10.34590	30,847
01/01/2013 to 12/31/2013	$10.34590	$9.07699	519,876
01/01/2014 to 12/31/2014	$9.07699	$9.98740	189,047
01/01/2015 to 12/31/2015	$9.98740	$10.02192	2,675
01/01/2016 to 12/31/2016	$10.02192	$9.97904	28,792
01/01/2017 to 12/31/2017	$9.97904	$9.91543	0
01/01/2018 to 12/31/2018	$9.91543	$9.66060	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99873	$8.70488	98,535
01/01/2014 to 12/31/2014	$8.70488	$9.74562	106,037
01/01/2015 to 12/31/2015	$9.74562	$9.79194	0
01/01/2016 to 12/31/2016	$9.79194	$9.74958	0
01/01/2017 to 12/31/2017	$9.74958	$9.68628	104,031
01/01/2018 to 12/31/2018	$9.68628	$9.40135	169,790
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99873	$11.24540	23,476
01/01/2015 to 12/31/2015	$11.24540	$11.20625	394,975
01/01/2016 to 12/31/2016	$11.20625	$11.21982	9,081
01/01/2017 to 12/31/2017	$11.21982	$11.16296	3,613
01/01/2018 to 12/31/2018	$11.16296	$10.82474	61,225
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99873	$9.88722	5,413
01/01/2016 to 12/31/2016	$9.88722	$9.86091	288,362
01/01/2017 to 12/31/2017	$9.86091	$9.86801	214,421
01/01/2018 to 12/31/2018	$9.86801	$9.53963	242,452
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99746	$9.82927	201,380
01/01/2017 to 12/31/2017	$9.82927	$9.86166	143,649
01/01/2018 to 12/31/2018	$9.86166	$9.51243	170,225
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99745	$9.98561	0
01/01/2018 to 12/31/2018	$9.98561	$9.55422	9,112
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99745	$9.61243	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97725	$10.80239	305,283
01/01/2011 to 12/31/2011	$10.80239	$10.29819	176,110
01/01/2012 to 12/31/2012	$10.29819	$11.44169	156,027
01/01/2013 to 12/31/2013	$11.44169	$13.71394	114,823
01/01/2014 to 12/31/2014	$13.71394	$14.33579	103,446
01/01/2015 to 12/31/2015	$14.33579	$14.08079	44,830
01/01/2016 to 12/31/2016	$14.08079	$14.69822	50,965
01/01/2017 to 12/31/2017	$14.69822	$16.93035	58,493
01/01/2018 to 12/31/2018	$16.93035	$15.51040	25,288

A-37



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99809	$11.59720	0
01/01/2014 to 12/31/2014	$11.59720	$12.87257	1,247
01/01/2015 to 12/31/2015	$12.87257	$12.12727	787
01/01/2016 to 12/31/2016	$12.12727	$13.61387	829
01/01/2017 to 12/31/2017	$13.61387	$15.74958	1,093
01/01/2018 to 12/31/2018	$15.74958	$14.65209	1,222
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95948	$11.75243	3,756
01/01/2011 to 12/31/2011	$11.75243	$12.23924	3,216
01/01/2012 to 12/31/2012	$12.23924	$13.79249	3,016
01/01/2013 to 12/31/2013	$13.79249	$13.89752	2,176
01/01/2014 to 12/31/2014	$13.89752	$17.77560	2,671
01/01/2015 to 12/31/2015	$17.77560	$18.20804	1,776
01/01/2016 to 12/31/2016	$18.20804	$18.64698	1,535
01/01/2017 to 12/31/2017	$18.64698	$19.35710	704
01/01/2018 to 12/31/2018	$19.35710	$18.01025	408
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97557	$10.98381	112,953
01/01/2011 to 12/31/2011	$10.98381	$10.57010	94,586
01/01/2012 to 12/31/2012	$10.57010	$11.42496	80,938
01/01/2013 to 12/31/2013	$11.42496	$12.80989	51,012
01/01/2014 to 12/31/2014	$12.80989	$12.90966	55,467
01/01/2015 to 12/31/2015	$12.90966	$12.73776	43,842
01/01/2016 to 12/31/2016	$12.73776	$12.97467	37,638
01/01/2017 to 12/31/2017	$12.97467	$14.76525	39,492
01/01/2018 to 12/31/2018	$14.76525	$13.30663	29,253
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96976	$11.51275	2,506
01/01/2011 to 12/31/2011	$11.51275	$10.68145	1,555
01/01/2012 to 12/31/2012	$10.68145	$13.23265	1,841
01/01/2013 to 12/31/2013	$13.23265	$13.49041	1,334
01/01/2014 to 12/31/2014	$13.49041	$15.01538	714
01/01/2015 to 12/31/2015	$15.01538	$14.65689	512
01/01/2016 to 12/31/2016	$14.65689	$14.44880	412
01/01/2017 to 12/31/2017	$14.44880	$15.65417	511
01/01/2018 to 12/31/2018	$15.65417	$14.57188	253
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99134	$10.73491	19,275
01/01/2011 to 12/31/2011	$10.73491	$9.90949	7,044
01/01/2012 to 12/31/2012	$9.90949	$11.58529	6,111
01/01/2013 to 12/31/2013	$11.58529	$15.11560	4,472
01/01/2014 to 12/31/2014	$15.11560	$16.70734	6,548
01/01/2015 to 12/31/2015	$16.70734	$15.56866	5,892
01/01/2016 to 12/31/2016	$15.56866	$16.96697	5,066
01/01/2017 to 12/31/2017	$16.96697	$18.19362	3,756
01/01/2018 to 12/31/2018	$18.19362	$16.25729	2,049

A-38



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01941	$11.38383	9,315
01/01/2011 to 12/31/2011	$11.38383	$10.79120	4,713
01/01/2012 to 12/31/2012	$10.79120	$12.61054	3,989
01/01/2013 to 12/31/2013	$12.61054	$16.28679	3,482
01/01/2014 to 12/31/2014	$16.28679	$17.74638	3,516
01/01/2015 to 12/31/2015	$17.74638	$16.35246	3,313
01/01/2016 to 12/31/2016	$16.35246	$16.23998	2,034
01/01/2017 to 12/31/2017	$16.23998	$20.16622	1,242
01/01/2018 to 12/31/2018	$20.16622	$18.84305	848
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98783	$10.67177	54,102
01/01/2011 to 12/31/2011	$10.67177	$10.37382	28,997
01/01/2012 to 12/31/2012	$10.37382	$11.16148	27,954
01/01/2013 to 12/31/2013	$11.16148	$11.97581	28,338
01/01/2014 to 12/31/2014	$11.97581	$12.17331	29,066
01/01/2015 to 12/31/2015	$12.17331	$11.78513	20,471
01/01/2016 to 12/31/2016	$11.78513	$12.11993	17,895
01/01/2017 to 12/31/2017	$12.11993	$13.29642	19,411
01/01/2018 to 12/31/2018	$13.29642	$12.07223	11,763
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96472	$11.45866	7,737
01/01/2011 to 12/31/2011	$11.45866	$11.34127	3,541
01/01/2012 to 12/31/2012	$11.34127	$12.81851	3,365
01/01/2013 to 12/31/2013	$12.81851	$17.38469	3,166
01/01/2014 to 12/31/2014	$17.38469	$18.20742	3,565
01/01/2015 to 12/31/2015	$18.20742	$16.81121	1,651
01/01/2016 to 12/31/2016	$16.81121	$20.41897	636
01/01/2017 to 12/31/2017	$20.41897	$22.38219	831
01/01/2018 to 12/31/2018	$22.38219	$18.78927	632
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99809	$9.81590	0
01/01/2011 to 12/31/2011	$9.81590	$9.59256	2,518
01/01/2012 to 12/31/2012	$9.59256	$9.37229	144
01/01/2013 to 12/31/2013	$9.37229	$9.15665	12
01/01/2014 to 12/31/2014	$9.15665	$8.94614	12
01/01/2015 to 12/31/2015	$8.94614	$8.74032	9,140
01/01/2016 to 12/31/2016	$8.74032	$8.53994	12
01/01/2017 to 12/31/2017	$8.53994	$8.37260	13
01/01/2018 to 12/31/2018	$8.37260	$8.28535	364
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98406	$10.73309	6,489
01/01/2011 to 12/31/2011	$10.73309	$10.81948	5,584
01/01/2012 to 12/31/2012	$10.81948	$12.03683	5,190
01/01/2013 to 12/31/2013	$12.03683	$12.60442	3,175
01/01/2014 to 12/31/2014	$12.60442	$12.62960	4,130
01/01/2015 to 12/31/2015	$12.62960	$11.89940	3,434
01/01/2016 to 12/31/2016	$11.89940	$13.41635	2,193
01/01/2017 to 12/31/2017	$13.41635	$14.08796	1,496
01/01/2018 to 12/31/2018	$14.08796	$13.48870	268

A-39



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99007	$10.58960	213
01/01/2011 to 12/31/2011	$10.58960	$9.91346	98
01/01/2012 to 12/31/2012	$9.91346	$11.32062	123
01/01/2013 to 12/31/2013	$11.32062	$15.46916	1,828
01/01/2014 to 12/31/2014	$15.46916	$17.19095	768
01/01/2015 to 12/31/2015	$17.19095	$15.47940	334
01/01/2016 to 12/31/2016	$15.47940	$18.13181	359
01/01/2017 to 12/31/2017	$18.13181	$21.11617	458
01/01/2018 to 12/31/2018	$21.11617	$17.70842	173
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92892	$11.22607	7,047
01/01/2011 to 12/31/2011	$11.22607	$9.55062	3,231
01/01/2012 to 12/31/2012	$9.55062	$11.23108	2,698
01/01/2013 to 12/31/2013	$11.23108	$13.06392	4,061
01/01/2014 to 12/31/2014	$13.06392	$12.05820	3,525
01/01/2015 to 12/31/2015	$12.05820	$12.15171	2,721
01/01/2016 to 12/31/2016	$12.15171	$11.42423	2,689
01/01/2017 to 12/31/2017	$11.42423	$15.11667	978
01/01/2018 to 12/31/2018	$15.11667	$12.79841	1,124
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92879	$10.76596	1,863
01/01/2011 to 12/31/2011	$10.76596	$9.19856	5,339
01/01/2012 to 12/31/2012	$9.19856	$10.48534	3,699
01/01/2013 to 12/31/2013	$10.48534	$12.23853	2,133
01/01/2014 to 12/31/2014	$12.23853	$11.15543	1,329
01/01/2015 to 12/31/2015	$11.15543	$10.98783	975
01/01/2016 to 12/31/2016	$10.98783	$10.79796	608
01/01/2017 to 12/31/2017	$10.79796	$12.95711	565
01/01/2018 to 12/31/2018	$12.95711	$10.61485	713
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97632	$10.84209	16,667
01/01/2011 to 12/31/2011	$10.84209	$10.53278	11,827
01/01/2012 to 12/31/2012	$10.53278	$11.68784	11,711
01/01/2013 to 12/31/2013	$11.68784	$13.27832	9,914
01/01/2014 to 12/31/2014	$13.27832	$13.79866	8,888
01/01/2015 to 12/31/2015	$13.79866	$13.33999	5,302
01/01/2016 to 12/31/2016	$13.33999	$13.71391	3,581
01/01/2017 to 12/31/2017	$13.71391	$15.67133	4,117
01/01/2018 to 12/31/2018	$15.67133	$14.18034	2,981
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92144	$10.52888	1,727
01/01/2011 to 12/31/2011	$10.52888	$9.34567	795
01/01/2012 to 12/31/2012	$9.34567	$11.13086	623
01/01/2013 to 12/31/2013	$11.13086	$12.54532	2,181
01/01/2014 to 12/31/2014	$12.54532	$11.47656	3,018
01/01/2015 to 12/31/2015	$11.47656	$10.89916	1,738
01/01/2016 to 12/31/2016	$10.89916	$10.85482	615
01/01/2017 to 12/31/2017	$10.85482	$13.74874	673
01/01/2018 to 12/31/2018	$13.74874	$11.08436	347

A-40



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.55869	81,043
01/01/2011 to 12/31/2011	$10.55869	$10.34036	58,277
01/01/2012 to 12/31/2012	$10.34036	$11.18508	55,380
01/01/2013 to 12/31/2013	$11.18508	$12.13349	26,826
01/01/2014 to 12/31/2014	$12.13349	$12.50029	33,624
01/01/2015 to 12/31/2015	$12.50029	$12.19051	29,312
01/01/2016 to 12/31/2016	$12.19051	$12.36794	24,442
01/01/2017 to 12/31/2017	$12.36794	$13.55149	26,210
01/01/2018 to 12/31/2018	$13.55149	$12.55951	22,293
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97094	$10.74695	200
01/01/2011 to 12/31/2011	$10.74695	$10.56966	2,545
01/01/2012 to 12/31/2012	$10.56966	$11.89459	2,286
01/01/2013 to 12/31/2013	$11.89459	$15.86218	877
01/01/2014 to 12/31/2014	$15.86218	$16.97024	1,375
01/01/2015 to 12/31/2015	$16.97024	$18.34311	792
01/01/2016 to 12/31/2016	$18.34311	$17.65976	345
01/01/2017 to 12/31/2017	$17.65976	$23.43708	764
01/01/2018 to 12/31/2018	$23.43708	$22.52610	208
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99219	$11.27468	16,118
01/01/2011 to 12/31/2011	$11.27468	$10.91510	5,251
01/01/2012 to 12/31/2012	$10.91510	$11.97169	4,493
01/01/2013 to 12/31/2013	$11.97169	$15.97874	2,669
01/01/2014 to 12/31/2014	$15.97874	$17.26455	5,812
01/01/2015 to 12/31/2015	$17.26455	$18.56636	3,568
01/01/2016 to 12/31/2016	$18.56636	$19.15200	2,490
01/01/2017 to 12/31/2017	$19.15200	$24.88609	2,093
01/01/2018 to 12/31/2018	$24.88609	$23.65703	774
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98722	$10.86514	5,725
01/01/2011 to 12/31/2011	$10.86514	$10.28312	2,065
01/01/2012 to 12/31/2012	$10.28312	$12.36479	1,446
01/01/2013 to 12/31/2013	$12.36479	$15.41885	6,180
01/01/2014 to 12/31/2014	$15.41885	$15.61113	7,705
01/01/2015 to 12/31/2015	$15.61113	$15.02861	2,616
01/01/2016 to 12/31/2016	$15.02861	$15.72804	1,623
01/01/2017 to 12/31/2017	$15.72804	$19.03087	562
01/01/2018 to 12/31/2018	$19.03087	$16.81466	464
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.84075	1,029
01/01/2011 to 12/31/2011	$10.84075	$10.52884	406
01/01/2012 to 12/31/2012	$10.52884	$12.04371	872
01/01/2013 to 12/31/2013	$12.04371	$16.08596	1,935
01/01/2014 to 12/31/2014	$16.08596	$17.08490	951
01/01/2015 to 12/31/2015	$17.08490	$17.89862	569
01/01/2016 to 12/31/2016	$17.89862	$17.82217	483
01/01/2017 to 12/31/2017	$17.82217	$22.76078	488
01/01/2018 to 12/31/2018	$22.76078	$22.71240	388

A-41



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99809	$10.17167	0
01/01/2013 to 12/31/2013	$10.17167	$13.36678	4,054
01/01/2014 to 12/31/2014	$13.36678	$14.39378	4,257
01/01/2015 to 12/31/2015	$14.39378	$13.96103	2,676
01/01/2016 to 12/31/2016	$13.96103	$15.47471	445
01/01/2017 to 12/31/2017	$15.47471	$17.74152	792
01/01/2018 to 12/31/2018	$17.74152	$15.57193	356
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99064	$11.20328	6,181
01/01/2011 to 12/31/2011	$11.20328	$10.67411	2,275
01/01/2012 to 12/31/2012	$10.67411	$12.21442	1,637
01/01/2013 to 12/31/2013	$12.21442	$16.94666	3,127
01/01/2014 to 12/31/2014	$16.94666	$18.91641	3,419
01/01/2015 to 12/31/2015	$18.91641	$17.43947	1,345
01/01/2016 to 12/31/2016	$17.43947	$20.14556	510
01/01/2017 to 12/31/2017	$20.14556	$22.39770	298
01/01/2018 to 12/31/2018	$22.39770	$18.28181	135
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99809	$10.27736	1,469
01/01/2013 to 12/31/2013	$10.27736	$11.94018	519
01/01/2014 to 12/31/2014	$11.94018	$12.26499	674
01/01/2015 to 12/31/2015	$12.26499	$11.83407	527
01/01/2016 to 12/31/2016	$11.83407	$12.06220	322
01/01/2017 to 12/31/2017	$12.06220	$13.72931	177
01/01/2018 to 12/31/2018	$13.72931	$12.30195	131
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93856	$11.64283	16,639
01/01/2011 to 12/31/2011	$11.64283	$9.06934	8,350
01/01/2012 to 12/31/2012	$9.06934	$10.44909	5,713
01/01/2013 to 12/31/2013	$10.44909	$10.23152	4,948
01/01/2014 to 12/31/2014	$10.23152	$9.52798	6,624
01/01/2015 to 12/31/2015	$9.52798	$7.75161	4,987
01/01/2016 to 12/31/2016	$7.75161	$8.51008	2,200
01/01/2017 to 12/31/2017	$8.51008	$10.50821	2,306
01/01/2018 to 12/31/2018	$10.50821	$8.82316	1,236
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98905	$10.56757	139,048
01/01/2011 to 12/31/2011	$10.56757	$10.42777	129,216
01/01/2012 to 12/31/2012	$10.42777	$11.24445	115,507
01/01/2013 to 12/31/2013	$11.24445	$11.99793	76,347
01/01/2014 to 12/31/2014	$11.99793	$12.39894	73,702
01/01/2015 to 12/31/2015	$12.39894	$12.13111	33,935
01/01/2016 to 12/31/2016	$12.13111	$12.50763	22,578
01/01/2017 to 12/31/2017	$12.50763	$13.45876	15,988
01/01/2018 to 12/31/2018	$13.45876	$12.77407	3,823
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01801	$10.05915	0
01/01/2012 to 12/31/2012	$10.05915	$10.52610	274
01/01/2013 to 12/31/2013	$10.52610	$10.04606	226
01/01/2014 to 12/31/2014	$10.04606	$10.40988	375
01/01/2015 to 12/31/2015	$10.40988	$10.14319	1,528
01/01/2016 to 12/31/2016	$10.14319	$10.32759	74
01/01/2017 to 12/31/2017	$10.32759	$10.66282	50
01/01/2018 to 12/31/2018	$10.66282	$10.33170	2,002

A-42



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96308	$11.47648	70,900
01/01/2011 to 12/31/2011	$11.47648	$10.51610	58,001
01/01/2012 to 12/31/2012	$10.51610	$11.60136	48,000
01/01/2013 to 12/31/2013	$11.60136	$13.26440	31,773
01/01/2014 to 12/31/2014	$13.26440	$14.15124	29,572
01/01/2015 to 12/31/2015	$14.15124	$13.74109	82,803
01/01/2016 to 12/31/2016	$13.74109	$14.78113	84,733
01/01/2017 to 12/31/2017	$14.78113	$16.76680	115,758
01/01/2018 to 12/31/2018	$16.76680	$15.13489	55,719
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.86080	1,459
01/01/2011 to 12/31/2011	$10.86080	$10.97830	513
01/01/2012 to 12/31/2012	$10.97830	$12.74231	617
01/01/2013 to 12/31/2013	$12.74231	$16.48642	484
01/01/2014 to 12/31/2014	$16.48642	$18.87993	889
01/01/2015 to 12/31/2015	$18.87993	$19.01370	556
01/01/2016 to 12/31/2016	$19.01370	$21.33549	502
01/01/2017 to 12/31/2017	$21.33549	$25.48471	741
01/01/2018 to 12/31/2018	$25.48471	$22.84964	385
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99809	$8.86034	0
01/01/2012 to 12/31/2012	$8.86034	$9.79521	0
01/01/2013 to 12/31/2013	$9.79521	$11.71340	0
01/01/2014 to 12/31/2014	$11.71340	$12.18789	0
01/01/2015 to 12/31/2015	$12.18789	$11.92555	0
01/01/2016 to 12/31/2016	$11.92555	$12.38861	0
01/01/2017 to 12/31/2017	$12.38861	$14.30628	0
01/01/2018 to 12/31/2018	$14.30628	$13.06308	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98715	$10.75566	87,015
01/01/2011 to 12/31/2011	$10.75566	$10.31779	60,253
01/01/2012 to 12/31/2012	$10.31779	$11.11657	51,711
01/01/2013 to 12/31/2013	$11.11657	$12.21187	25,527
01/01/2014 to 12/31/2014	$12.21187	$12.54429	25,272
01/01/2015 to 12/31/2015	$12.54429	$12.23535	22,395
01/01/2016 to 12/31/2016	$12.23535	$12.53023	14,179
01/01/2017 to 12/31/2017	$12.53023	$14.23020	14,315
01/01/2018 to 12/31/2018	$14.23020	$12.80249	7,738
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97142	$12.12383	10,502
01/01/2011 to 12/31/2011	$12.12383	$10.29217	4,152
01/01/2012 to 12/31/2012	$10.29217	$12.07351	2,799
01/01/2013 to 12/31/2013	$12.07351	$16.61005	4,124
01/01/2014 to 12/31/2014	$16.61005	$17.02978	4,056
01/01/2015 to 12/31/2015	$17.02978	$16.86020	1,813
01/01/2016 to 12/31/2016	$16.86020	$17.74165	1,042
01/01/2017 to 12/31/2017	$17.74165	$22.13488	967
01/01/2018 to 12/31/2018	$22.13488	$19.27810	708

A-43



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96047	$12.58259	2,465
01/01/2011 to 12/31/2011	$12.58259	$12.17325	1,253
01/01/2012 to 12/31/2012	$12.17325	$13.34082	1,199
01/01/2013 to 12/31/2013	$13.34082	$17.61871	1,062
01/01/2014 to 12/31/2014	$17.61871	$17.87086	740
01/01/2015 to 12/31/2015	$17.87086	$17.59705	512
01/01/2016 to 12/31/2016	$17.59705	$19.26963	224
01/01/2017 to 12/31/2017	$19.26963	$23.33046	175
01/01/2018 to 12/31/2018	$23.33046	$20.87538	135
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96390	$11.43543	8,353
01/01/2011 to 12/31/2011	$11.43543	$10.50502	3,409
01/01/2012 to 12/31/2012	$10.50502	$12.12694	1,679
01/01/2013 to 12/31/2013	$12.12694	$16.27955	2,040
01/01/2014 to 12/31/2014	$16.27955	$16.74311	791
01/01/2015 to 12/31/2015	$16.74311	$15.65300	494
01/01/2016 to 12/31/2016	$15.65300	$19.76030	242
01/01/2017 to 12/31/2017	$19.76030	$20.72553	166
01/01/2018 to 12/31/2018	$20.72553	$16.78902	103
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99178	$10.66346	208,319
01/01/2011 to 12/31/2011	$10.66346	$10.62519	165,177
01/01/2012 to 12/31/2012	$10.62519	$11.78150	144,219
01/01/2013 to 12/31/2013	$11.78150	$13.44819	97,500
01/01/2014 to 12/31/2014	$13.44819	$13.91148	161,911
01/01/2015 to 12/31/2015	$13.91148	$13.59728	124,699
01/01/2016 to 12/31/2016	$13.59728	$14.28752	91,393
01/01/2017 to 12/31/2017	$14.28752	$16.11061	99,271
01/01/2018 to 12/31/2018	$16.11061	$14.89963	41,643
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97067	$11.10634	5,389
01/01/2011 to 12/31/2011	$11.10634	$10.66740	4,065
01/01/2012 to 12/31/2012	$10.66740	$12.25406	4,144
01/01/2013 to 12/31/2013	$12.25406	$17.24330	10,934
01/01/2014 to 12/31/2014	$17.24330	$18.25254	10,955
01/01/2015 to 12/31/2015	$18.25254	$19.54171	4,683
01/01/2016 to 12/31/2016	$19.54171	$19.60859	2,418
01/01/2017 to 12/31/2017	$19.60859	$26.41743	903
01/01/2018 to 12/31/2018	$26.41743	$26.80443	30
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98570	$10.63879	6,319
01/01/2011 to 12/31/2011	$10.63879	$10.34328	2,009
01/01/2012 to 12/31/2012	$10.34328	$11.45924	2,026
01/01/2013 to 12/31/2013	$11.45924	$15.07276	3,976
01/01/2014 to 12/31/2014	$15.07276	$14.95546	4,526
01/01/2015 to 12/31/2015	$14.95546	$13.72536	941
01/01/2016 to 12/31/2016	$13.72536	$14.23228	805
01/01/2017 to 12/31/2017	$14.23228	$16.20773	55
01/01/2018 to 12/31/2018	$16.20773	$14.29536	57

A-44



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85934	$11.44494	14,797
01/01/2011 to 12/31/2011	$11.44494	$9.51383	5,957
01/01/2012 to 12/31/2012	$9.51383	$9.63079	7,755
01/01/2013 to 12/31/2013	$9.63079	$10.85645	2,786
01/01/2014 to 12/31/2014	$10.85645	$9.71986	2,894
01/01/2015 to 12/31/2015	$9.71986	$7.66789	2,147
01/01/2016 to 12/31/2016	$7.66789	$9.33614	1,274
01/01/2017 to 12/31/2017	$9.33614	$10.06213	964
01/01/2018 to 12/31/2018	$10.06213	$8.19247	524
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97977	$10.28297	9,851
01/01/2011 to 12/31/2011	$10.28297	$10.46127	3,825
01/01/2012 to 12/31/2012	$10.46127	$10.75435	3,526
01/01/2013 to 12/31/2013	$10.75435	$10.11257	1,285
01/01/2014 to 12/31/2014	$10.11257	$9.93498	1,058
01/01/2015 to 12/31/2015	$9.93498	$9.25820	578
01/01/2016 to 12/31/2016	$9.25820	$9.43992	380
01/01/2017 to 12/31/2017	$9.43992	$9.41162	413
01/01/2018 to 12/31/2018	$9.41162	$9.37778	183
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98835	$11.46980	4,759
01/01/2011 to 12/31/2011	$11.46980	$10.81966	3,066
01/01/2012 to 12/31/2012	$10.81966	$12.51658	2,660
01/01/2013 to 12/31/2013	$12.51658	$16.19288	2,359
01/01/2014 to 12/31/2014	$16.19288	$18.18867	1,095
01/01/2015 to 12/31/2015	$18.18867	$16.59591	691
01/01/2016 to 12/31/2016	$16.59591	$18.48453	694
01/01/2017 to 12/31/2017	$18.48453	$21.40726	253
01/01/2018 to 12/31/2018	$21.40726	$17.45614	153
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99809	$8.79804	0
01/01/2012 to 12/31/2012	$8.79804	$9.54156	0
01/01/2013 to 12/31/2013	$9.54156	$11.23346	12,837
01/01/2014 to 12/31/2014	$11.23346	$11.57925	29,414
01/01/2015 to 12/31/2015	$11.57925	$11.24128	13,945
01/01/2016 to 12/31/2016	$11.24128	$11.69988	10,394
01/01/2017 to 12/31/2017	$11.69988	$12.98546	26,433
01/01/2018 to 12/31/2018	$12.98546	$12.05124	12,664
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.37188	42,644
01/01/2011 to 12/31/2011	$10.37188	$10.74432	31,852
01/01/2012 to 12/31/2012	$10.74432	$11.32108	32,220
01/01/2013 to 12/31/2013	$11.32108	$10.89550	35,623
01/01/2014 to 12/31/2014	$10.89550	$11.41109	38,785
01/01/2015 to 12/31/2015	$11.41109	$11.28653	30,827
01/01/2016 to 12/31/2016	$11.28653	$11.59551	25,482
01/01/2017 to 12/31/2017	$11.59551	$12.04419	26,832
01/01/2018 to 12/31/2018	$12.04419	$11.49930	24,376
*Denotes the start date of these sub-accounts

A-45



PREMIER RETIREMENT L SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: Basic Death Benefit Only (1.70%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96788	$10.81679	2,783,155
01/01/2011 to 12/31/2011	$10.81679	$10.35039	4,131,792
01/01/2012 to 12/31/2012	$10.35039	$11.45280	6,402,595
01/01/2013 to 12/31/2013	$11.45280	$12.38097	6,970,810
01/01/2014 to 12/31/2014	$12.38097	$12.63524	5,964,391
01/01/2015 to 12/31/2015	$12.63524	$12.02065	4,691,932
01/01/2016 to 12/31/2016	$12.02065	$12.56548	4,135,628
01/01/2017 to 12/31/2017	$12.56548	$13.90699	3,937,484
01/01/2018 to 12/31/2018	$13.90699	$12.55718	2,721,378
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97857	$10.92280	2,069,260
01/01/2011 to 12/31/2011	$10.92280	$10.74947	3,894,177
01/01/2012 to 12/31/2012	$10.74947	$12.00861	8,232,833
01/01/2013 to 12/31/2013	$12.00861	$13.75898	9,599,194
01/01/2014 to 12/31/2014	$13.75898	$14.35121	9,005,849
01/01/2015 to 12/31/2015	$14.35121	$14.22051	8,373,546
01/01/2016 to 12/31/2016	$14.22051	$14.97274	7,796,888
01/01/2017 to 12/31/2017	$14.97274	$17.21021	7,292,328
01/01/2018 to 12/31/2018	$17.21021	$15.92036	6,431,654
AST AQR Emerging Markets Equity Portfolio
02/25/2013* to 12/31/2013	$9.99859	$10.09100	0
01/01/2014 to 12/31/2014	$10.09100	$9.60938	0
01/01/2015 to 12/31/2015	$9.60938	$7.97942	0
01/01/2016 to 12/31/2016	$7.97942	$8.89267	0
01/01/2017 to 12/31/2017	$8.89267	$11.79728	14,137
01/01/2018 to 12/31/2018	$11.79728	$9.39748	14,786
AST AQR Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99859	$11.63329	0
01/01/2014 to 12/31/2014	$11.63329	$12.94141	0
01/01/2015 to 12/31/2015	$12.94141	$12.94119	0
01/01/2016 to 12/31/2016	$12.94119	$14.08324	0
01/01/2017 to 12/31/2017	$14.08324	$16.90909	0
01/01/2018 to 12/31/2018	$16.90909	$15.26821	846
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98884	$10.77509	3,042,666
01/01/2011 to 12/31/2011	$10.77509	$10.46346	4,716,751
01/01/2012 to 12/31/2012	$10.46346	$11.56847	7,803,091
01/01/2013 to 12/31/2013	$11.56847	$13.37861	8,839,480
01/01/2014 to 12/31/2014	$13.37861	$14.00897	7,904,419
01/01/2015 to 12/31/2015	$14.00897	$13.83639	7,412,772
01/01/2016 to 12/31/2016	$13.83639	$14.45833	7,033,889
01/01/2017 to 12/31/2017	$14.45833	$16.33176	6,605,907
01/01/2018 to 12/31/2018	$16.33176	$15.26060	5,813,127

A-46



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99859	$9.16386	583,439
01/01/2012 to 12/31/2012	$9.16386	$10.07935	1,989,260
01/01/2013 to 12/31/2013	$10.07935	$10.98344	2,374,351
01/01/2014 to 12/31/2014	$10.98344	$11.32538	2,381,561
01/01/2015 to 12/31/2015	$11.32538	$10.79877	2,231,924
01/01/2016 to 12/31/2016	$10.79877	$11.35441	2,088,092
01/01/2017 to 12/31/2017	$11.35441	$12.56963	2,014,857
01/01/2018 to 12/31/2018	$12.56963	$11.70267	1,671,604
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00802	$10.10254	328,141
01/01/2011 to 12/31/2011	$10.10254	$10.15429	419,219
01/01/2012 to 12/31/2012	$10.15429	$10.44990	430,403
01/01/2013 to 12/31/2013	$10.44990	$10.04888	409,655
01/01/2014 to 12/31/2014	$10.04888	$9.86856	391,615
01/01/2015 to 12/31/2015	$9.86856	$9.74767	348,609
01/01/2016 to 12/31/2016	$9.74767	$9.73899	348,726
01/01/2017 to 12/31/2017	$9.73899	$9.73689	362,126
01/01/2018 to 12/31/2018	$9.73689	$9.64202	356,958
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00694	$10.37575	1,898,043
01/01/2011 to 12/31/2011	$10.37575	$10.52377	2,792,279
01/01/2012 to 12/31/2012	$10.52377	$11.30899	5,031,925
01/01/2013 to 12/31/2013	$11.30899	$10.91248	4,899,563
01/01/2014 to 12/31/2014	$10.91248	$11.18082	4,582,259
01/01/2015 to 12/31/2015	$11.18082	$10.75911	3,865,636
01/01/2016 to 12/31/2016	$10.75911	$11.02373	3,570,794
01/01/2017 to 12/31/2017	$11.02373	$11.30952	3,700,608
01/01/2018 to 12/31/2018	$11.30952	$11.04287	3,206,036
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97776	$10.85587	2,096,130
01/01/2011 to 12/31/2011	$10.85587	$10.41265	3,374,910
01/01/2012 to 12/31/2012	$10.41265	$11.63998	5,774,390
01/01/2013 to 12/31/2013	$11.63998	$14.03724	7,553,780
01/01/2014 to 12/31/2014	$14.03724	$14.76392	8,327,897
01/01/2015 to 12/31/2015	$14.76392	$14.59043	8,338,663
01/01/2016 to 12/31/2016	$14.59043	$15.32348	8,017,717
01/01/2017 to 12/31/2017	$15.32348	$17.75860	8,011,673
01/01/2018 to 12/31/2018	$17.75860	$16.36972	7,015,192
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99859	$11.65792	40,449
01/01/2014 to 12/31/2014	$11.65792	$13.01934	127,235
01/01/2015 to 12/31/2015	$13.01934	$12.34092	117,658
01/01/2016 to 12/31/2016	$12.34092	$13.93842	329,426
01/01/2017 to 12/31/2017	$13.93842	$16.22383	238,960
01/01/2018 to 12/31/2018	$16.22383	$15.18667	172,431
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95998	$11.81048	108,557
01/01/2011 to 12/31/2011	$11.81048	$12.37513	193,768
01/01/2012 to 12/31/2012	$12.37513	$14.03150	308,569
01/01/2013 to 12/31/2013	$14.03150	$14.22509	332,684
01/01/2014 to 12/31/2014	$14.22509	$18.30603	345,928
01/01/2015 to 12/31/2015	$18.30603	$18.86651	292,234
01/01/2016 to 12/31/2016	$18.86651	$19.43959	287,540
01/01/2017 to 12/31/2017	$19.43959	$20.30351	276,602
01/01/2018 to 12/31/2018	$20.30351	$19.00764	206,822

A-47



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97607	$11.03811	1,723,298
01/01/2011 to 12/31/2011	$11.03811	$10.68755	3,053,207
01/01/2012 to 12/31/2012	$10.68755	$11.62294	5,708,330
01/01/2013 to 12/31/2013	$11.62294	$13.11185	6,362,716
01/01/2014 to 12/31/2014	$13.11185	$13.29515	5,853,895
01/01/2015 to 12/31/2015	$13.29515	$13.19866	5,708,508
01/01/2016 to 12/31/2016	$13.19866	$13.52663	5,337,156
01/01/2017 to 12/31/2017	$13.52663	$15.48760	5,008,886
01/01/2018 to 12/31/2018	$15.48760	$14.04390	4,340,161
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97026	$11.56952	43,077
01/01/2011 to 12/31/2011	$11.56952	$10.80000	89,816
01/01/2012 to 12/31/2012	$10.80000	$13.46178	137,044
01/01/2013 to 12/31/2013	$13.46178	$13.80828	163,725
01/01/2014 to 12/31/2014	$13.80828	$15.46350	137,909
01/01/2015 to 12/31/2015	$15.46350	$15.18706	114,640
01/01/2016 to 12/31/2016	$15.18706	$15.06308	109,367
01/01/2017 to 12/31/2017	$15.06308	$16.41971	116,906
01/01/2018 to 12/31/2018	$16.41971	$15.37900	93,747
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99184	$10.78790	146,304
01/01/2011 to 12/31/2011	$10.78790	$10.01951	172,549
01/01/2012 to 12/31/2012	$10.01951	$11.78600	262,466
01/01/2013 to 12/31/2013	$11.78600	$15.47184	330,510
01/01/2014 to 12/31/2014	$15.47184	$17.20606	355,197
01/01/2015 to 12/31/2015	$17.20606	$16.13188	643,124
01/01/2016 to 12/31/2016	$16.13188	$17.68854	571,976
01/01/2017 to 12/31/2017	$17.68854	$19.08349	680,094
01/01/2018 to 12/31/2018	$19.08349	$17.15794	540,095
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01991	$11.44014	173,273
01/01/2011 to 12/31/2011	$11.44014	$10.91114	217,472
01/01/2012 to 12/31/2012	$10.91114	$12.82923	372,174
01/01/2013 to 12/31/2013	$12.82923	$16.67092	405,466
01/01/2014 to 12/31/2014	$16.67092	$18.27663	428,377
01/01/2015 to 12/31/2015	$18.27663	$16.94451	871,730
01/01/2016 to 12/31/2016	$16.94451	$16.93108	751,527
01/01/2017 to 12/31/2017	$16.93108	$21.15309	730,207
01/01/2018 to 12/31/2018	$21.15309	$19.88736	625,330
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98833	$10.72450	1,284,434
01/01/2011 to 12/31/2011	$10.72450	$10.48895	1,944,938
01/01/2012 to 12/31/2012	$10.48895	$11.35484	3,042,159
01/01/2013 to 12/31/2013	$11.35484	$12.25810	3,307,472
01/01/2014 to 12/31/2014	$12.25810	$12.53666	3,009,249
01/01/2015 to 12/31/2015	$12.53666	$12.21154	2,590,849
01/01/2016 to 12/31/2016	$12.21154	$12.63533	2,431,983
01/01/2017 to 12/31/2017	$12.63533	$13.94676	2,432,113
01/01/2018 to 12/31/2018	$13.94676	$12.74086	1,874,168

A-48



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96522	$11.51535	162,968
01/01/2011 to 12/31/2011	$11.51535	$11.46720	250,592
01/01/2012 to 12/31/2012	$11.46720	$13.04056	391,887
01/01/2013 to 12/31/2013	$13.04056	$17.79423	402,804
01/01/2014 to 12/31/2014	$17.79423	$18.75080	396,308
01/01/2015 to 12/31/2015	$18.75080	$17.41934	371,860
01/01/2016 to 12/31/2016	$17.41934	$21.28695	377,388
01/01/2017 to 12/31/2017	$21.28695	$23.47651	310,813
01/01/2018 to 12/31/2018	$23.47651	$19.82980	269,156
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99860	$9.86455	273,624
01/01/2011 to 12/31/2011	$9.86455	$9.69934	623,247
01/01/2012 to 12/31/2012	$9.69934	$9.53456	447,194
01/01/2013 to 12/31/2013	$9.53456	$9.37256	391,063
01/01/2014 to 12/31/2014	$9.37256	$9.21312	404,682
01/01/2015 to 12/31/2015	$9.21312	$9.05630	389,331
01/01/2016 to 12/31/2016	$9.05630	$8.90287	340,673
01/01/2017 to 12/31/2017	$8.90287	$8.78170	309,432
01/01/2018 to 12/31/2018	$8.78170	$8.74388	232,050
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98457	$10.78613	118,383
01/01/2011 to 12/31/2011	$10.78613	$10.93950	200,366
01/01/2012 to 12/31/2012	$10.93950	$12.24527	397,008
01/01/2013 to 12/31/2013	$12.24527	$12.90148	503,533
01/01/2014 to 12/31/2014	$12.90148	$13.00657	504,304
01/01/2015 to 12/31/2015	$13.00657	$12.32988	434,852
01/01/2016 to 12/31/2016	$12.32988	$13.98689	365,022
01/01/2017 to 12/31/2017	$13.98689	$14.77713	382,239
01/01/2018 to 12/31/2018	$14.77713	$14.23609	297,896
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99058	$10.64194	39,346
01/01/2011 to 12/31/2011	$10.64194	$10.02358	74,837
01/01/2012 to 12/31/2012	$10.02358	$11.51676	97,022
01/01/2013 to 12/31/2013	$11.51676	$15.83369	159,893
01/01/2014 to 12/31/2014	$15.83369	$17.70414	254,525
01/01/2015 to 12/31/2015	$17.70414	$16.03948	213,579
01/01/2016 to 12/31/2016	$16.03948	$18.90299	194,412
01/01/2017 to 12/31/2017	$18.90299	$22.14901	221,632
01/01/2018 to 12/31/2018	$22.14901	$18.68940	235,072
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92942	$11.28154	71,949
01/01/2011 to 12/31/2011	$11.28154	$9.65674	146,939
01/01/2012 to 12/31/2012	$9.65674	$11.42561	205,439
01/01/2013 to 12/31/2013	$11.42561	$13.37174	246,278
01/01/2014 to 12/31/2014	$13.37174	$12.41833	259,880
01/01/2015 to 12/31/2015	$12.41833	$12.59154	282,160
01/01/2016 to 12/31/2016	$12.59154	$11.91034	241,229
01/01/2017 to 12/31/2017	$11.91034	$15.85623	254,110
01/01/2018 to 12/31/2018	$15.85623	$13.50753	252,168

A-49



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92929	$10.81917	69,809
01/01/2011 to 12/31/2011	$10.81917	$9.30077	130,835
01/01/2012 to 12/31/2012	$9.30077	$10.66713	176,290
01/01/2013 to 12/31/2013	$10.66713	$12.52710	187,264
01/01/2014 to 12/31/2014	$12.52710	$11.48863	198,455
01/01/2015 to 12/31/2015	$11.48863	$11.38567	173,640
01/01/2016 to 12/31/2016	$11.38567	$11.25750	186,937
01/01/2017 to 12/31/2017	$11.25750	$13.59125	182,000
01/01/2018 to 12/31/2018	$13.59125	$11.20328	169,325
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00682	$10.62325	3,681
01/01/2011 to 12/31/2011	$10.62325	$11.74255	15,848,756
01/01/2012 to 12/31/2012	$11.74255	$12.62792	6,122,695
01/01/2013 to 12/31/2013	$12.62792	$12.01813	893,990
01/01/2014 to 12/31/2014	$12.01813	$12.60885	1,029,731
01/01/2015 to 12/31/2015	$12.60885	$12.53986	4,577,264
01/01/2016 to 12/31/2016	$12.53986	$12.84539	4,606,258
01/01/2017 to 12/31/2017	$12.84539	$13.17217	1,601,617
01/01/2018 to 12/31/2018	$13.17217	$12.91259	7,985,938
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97683	$10.89582	737,456
01/01/2011 to 12/31/2011	$10.89582	$10.64989	1,448,339
01/01/2012 to 12/31/2012	$10.64989	$11.89058	2,683,105
01/01/2013 to 12/31/2013	$11.89058	$13.59163	3,099,193
01/01/2014 to 12/31/2014	$13.59163	$14.21092	2,839,575
01/01/2015 to 12/31/2015	$14.21092	$13.82301	2,549,581
01/01/2016 to 12/31/2016	$13.82301	$14.29747	2,391,005
01/01/2017 to 12/31/2017	$14.29747	$16.43814	2,367,419
01/01/2018 to 12/31/2018	$16.43814	$14.96609	2,121,605
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92194	$10.58075	195,676
01/01/2011 to 12/31/2011	$10.58075	$9.44941	270,284
01/01/2012 to 12/31/2012	$9.44941	$11.32357	420,837
01/01/2013 to 12/31/2013	$11.32357	$12.84095	490,500
01/01/2014 to 12/31/2014	$12.84095	$11.81920	504,746
01/01/2015 to 12/31/2015	$11.81920	$11.29350	498,051
01/01/2016 to 12/31/2016	$11.29350	$11.31638	469,107
01/01/2017 to 12/31/2017	$11.31638	$14.42099	497,800
01/01/2018 to 12/31/2018	$14.42099	$11.69830	459,382
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.61090	810,657
01/01/2011 to 12/31/2011	$10.61090	$10.45511	1,639,387
01/01/2012 to 12/31/2012	$10.45511	$11.37878	2,953,294
01/01/2013 to 12/31/2013	$11.37878	$12.41936	3,181,967
01/01/2014 to 12/31/2014	$12.41936	$12.87340	2,921,888
01/01/2015 to 12/31/2015	$12.87340	$12.63141	2,657,243
01/01/2016 to 12/31/2016	$12.63141	$12.89370	2,497,628
01/01/2017 to 12/31/2017	$12.89370	$14.21409	2,282,798
01/01/2018 to 12/31/2018	$14.21409	$13.25491	1,947,866

A-50



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97144	$10.80010	42,896
01/01/2011 to 12/31/2011	$10.80010	$10.68707	137,379
01/01/2012 to 12/31/2012	$10.68707	$12.10062	242,001
01/01/2013 to 12/31/2013	$12.10062	$16.23595	223,904
01/01/2014 to 12/31/2014	$16.23595	$17.47681	291,114
01/01/2015 to 12/31/2015	$17.47681	$19.00666	295,750
01/01/2016 to 12/31/2016	$19.00666	$18.41062	236,976
01/01/2017 to 12/31/2017	$18.41062	$24.58319	219,566
01/01/2018 to 12/31/2018	$24.58319	$23.77369	196,081
AST Legg Mason Diversified Growth Portfolio
11/24/2014* to 12/31/2014	$9.99859	$9.94129	0
01/01/2015 to 12/31/2015	$9.94129	$9.68401	0
01/01/2016 to 12/31/2016	$9.68401	$10.36871	0
01/01/2017 to 12/31/2017	$10.36871	$11.68166	0
01/01/2018 to 12/31/2018	$11.68166	$10.77363	0
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99269	$11.33042	230,357
01/01/2011 to 12/31/2011	$11.33042	$11.03643	322,925
01/01/2012 to 12/31/2012	$11.03643	$12.17932	605,908
01/01/2013 to 12/31/2013	$12.17932	$16.35559	605,307
01/01/2014 to 12/31/2014	$16.35559	$17.78012	744,532
01/01/2015 to 12/31/2015	$17.78012	$19.23816	578,457
01/01/2016 to 12/31/2016	$19.23816	$19.96645	526,371
01/01/2017 to 12/31/2017	$19.96645	$26.10322	466,747
01/01/2018 to 12/31/2018	$26.10322	$24.96747	374,960
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98772	$10.91885	109,112
01/01/2011 to 12/31/2011	$10.91885	$10.39724	169,121
01/01/2012 to 12/31/2012	$10.39724	$12.57884	264,336
01/01/2013 to 12/31/2013	$12.57884	$15.78207	285,396
01/01/2014 to 12/31/2014	$15.78207	$16.07701	289,031
01/01/2015 to 12/31/2015	$16.07701	$15.57213	300,958
01/01/2016 to 12/31/2016	$15.57213	$16.39662	292,168
01/01/2017 to 12/31/2017	$16.39662	$19.96144	279,561
01/01/2018 to 12/31/2018	$19.96144	$17.74598	248,872
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.89440	60,806
01/01/2011 to 12/31/2011	$10.89440	$10.64578	94,667
01/01/2012 to 12/31/2012	$10.64578	$12.25234	162,458
01/01/2013 to 12/31/2013	$12.25234	$16.46513	177,604
01/01/2014 to 12/31/2014	$16.46513	$17.59506	154,266
01/01/2015 to 12/31/2015	$17.59506	$18.54623	146,583
01/01/2016 to 12/31/2016	$18.54623	$18.58005	136,934
01/01/2017 to 12/31/2017	$18.58005	$23.87390	126,535
01/01/2018 to 12/31/2018	$23.87390	$23.97043	121,292
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99859	$10.19489	3,514
01/01/2013 to 12/31/2013	$10.19489	$13.47958	26,310
01/01/2014 to 12/31/2014	$13.47958	$14.60434	24,990
01/01/2015 to 12/31/2015	$14.60434	$14.25237	51,718
01/01/2016 to 12/31/2016	$14.25237	$15.89439	198,100
01/01/2017 to 12/31/2017	$15.89439	$18.33417	168,622
01/01/2018 to 12/31/2018	$18.33417	$16.19161	147,621

A-51



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99114	$11.25860	109,466
01/01/2011 to 12/31/2011	$11.25860	$10.79250	175,157
01/01/2012 to 12/31/2012	$10.79250	$12.42576	307,952
01/01/2013 to 12/31/2013	$12.42576	$17.34560	357,009
01/01/2014 to 12/31/2014	$17.34560	$19.48059	452,206
01/01/2015 to 12/31/2015	$19.48059	$18.06995	349,941
01/01/2016 to 12/31/2016	$18.06995	$21.00158	330,477
01/01/2017 to 12/31/2017	$21.00158	$23.49230	326,704
01/01/2018 to 12/31/2018	$23.49230	$19.29382	280,605
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99859	$10.32013	586,313
01/01/2013 to 12/31/2013	$10.32013	$12.06359	731,605
01/01/2014 to 12/31/2014	$12.06359	$12.46788	732,638
01/01/2015 to 12/31/2015	$12.46788	$12.10372	662,322
01/01/2016 to 12/31/2016	$12.10372	$12.41263	614,034
01/01/2017 to 12/31/2017	$12.41263	$14.21470	599,386
01/01/2018 to 12/31/2018	$14.21470	$12.81561	490,275
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93907	$11.70034	288,382
01/01/2011 to 12/31/2011	$11.70034	$9.17013	402,766
01/01/2012 to 12/31/2012	$9.17013	$10.63028	643,783
01/01/2013 to 12/31/2013	$10.63028	$10.47283	729,453
01/01/2014 to 12/31/2014	$10.47283	$9.81275	721,985
01/01/2015 to 12/31/2015	$9.81275	$8.03245	666,199
01/01/2016 to 12/31/2016	$8.03245	$8.87224	563,536
01/01/2017 to 12/31/2017	$8.87224	$11.02238	652,111
01/01/2018 to 12/31/2018	$11.02238	$9.31206	540,111
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98956	$10.61981	3,242,388
01/01/2011 to 12/31/2011	$10.61981	$10.54353	4,685,807
01/01/2012 to 12/31/2012	$10.54353	$11.43927	8,150,950
01/01/2013 to 12/31/2013	$11.43927	$12.28073	7,784,675
01/01/2014 to 12/31/2014	$12.28073	$12.76916	7,360,506
01/01/2015 to 12/31/2015	$12.76916	$12.57011	6,677,572
01/01/2016 to 12/31/2016	$12.57011	$13.03960	6,247,245
01/01/2017 to 12/31/2017	$13.03960	$14.11702	5,819,448
01/01/2018 to 12/31/2018	$14.11702	$13.48165	5,062,363
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01851	$10.06978	11,360
01/01/2012 to 12/31/2012	$10.06978	$10.60206	88,276
01/01/2013 to 12/31/2013	$10.60206	$10.18071	112,368
01/01/2014 to 12/31/2014	$10.18071	$10.61419	161,880
01/01/2015 to 12/31/2015	$10.61419	$10.40575	171,925
01/01/2016 to 12/31/2016	$10.40575	$10.65976	230,441
01/01/2017 to 12/31/2017	$10.65976	$11.07321	308,547
01/01/2018 to 12/31/2018	$11.07321	$10.79547	288,858

A-52



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96359	$11.53321	1,767,149
01/01/2011 to 12/31/2011	$11.53321	$10.63290	3,215,517
01/01/2012 to 12/31/2012	$10.63290	$11.80236	6,241,518
01/01/2013 to 12/31/2013	$11.80236	$13.57707	6,824,464
01/01/2014 to 12/31/2014	$13.57707	$14.57389	7,295,366
01/01/2015 to 12/31/2015	$14.57389	$14.23837	11,217,661
01/01/2016 to 12/31/2016	$14.23837	$15.40973	10,514,247
01/01/2017 to 12/31/2017	$15.40973	$17.58685	16,590,958
01/01/2018 to 12/31/2018	$17.58685	$15.97319	13,980,245
AST QMA Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99859	$11.67279	0
01/01/2014 to 12/31/2014	$11.67279	$13.22324	0
01/01/2015 to 12/31/2015	$13.22324	$13.19905	0
01/01/2016 to 12/31/2016	$13.19905	$14.38378	0
01/01/2017 to 12/31/2017	$14.38378	$17.16751	0
01/01/2018 to 12/31/2018	$17.16751	$15.66727	0
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.91439	8,682
01/01/2011 to 12/31/2011	$10.91439	$11.10006	48,028
01/01/2012 to 12/31/2012	$11.10006	$12.96275	202,404
01/01/2013 to 12/31/2013	$12.96275	$16.87460	221,960
01/01/2014 to 12/31/2014	$16.87460	$19.44302	385,403
01/01/2015 to 12/31/2015	$19.44302	$19.70100	339,850
01/01/2016 to 12/31/2016	$19.70100	$22.24202	333,051
01/01/2017 to 12/31/2017	$22.24202	$26.73003	296,095
01/01/2018 to 12/31/2018	$26.73003	$24.11431	323,447
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99859	$8.89689	0
01/01/2012 to 12/31/2012	$8.89689	$9.89612	0
01/01/2013 to 12/31/2013	$9.89612	$11.90675	16,132
01/01/2014 to 12/31/2014	$11.90675	$12.46527	2,034
01/01/2015 to 12/31/2015	$12.46527	$12.27176	2,016
01/01/2016 to 12/31/2016	$12.27176	$12.82623	2,019
01/01/2017 to 12/31/2017	$12.82623	$14.90233	1,994
01/01/2018 to 12/31/2018	$14.90233	$13.69146	1,954
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98765	$10.80894	1,475,848
01/01/2011 to 12/31/2011	$10.80894	$10.43243	2,483,599
01/01/2012 to 12/31/2012	$10.43243	$11.30927	5,233,655
01/01/2013 to 12/31/2013	$11.30927	$12.49992	5,915,648
01/01/2014 to 12/31/2014	$12.49992	$12.91884	5,617,005
01/01/2015 to 12/31/2015	$12.91884	$12.67819	5,360,474
01/01/2016 to 12/31/2016	$12.67819	$13.06319	4,995,825
01/01/2017 to 12/31/2017	$13.06319	$14.92628	4,714,619
01/01/2018 to 12/31/2018	$14.92628	$13.51171	4,014,082
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97192	$12.18384	68,658
01/01/2011 to 12/31/2011	$12.18384	$10.40658	200,611
01/01/2012 to 12/31/2012	$10.40658	$12.28287	345,173
01/01/2013 to 12/31/2013	$12.28287	$17.00181	352,909
01/01/2014 to 12/31/2014	$17.00181	$17.53857	365,854
01/01/2015 to 12/31/2015	$17.53857	$17.47055	305,428
01/01/2016 to 12/31/2016	$17.47055	$18.49644	255,915
01/01/2017 to 12/31/2017	$18.49644	$23.21770	232,956
01/01/2018 to 12/31/2018	$23.21770	$20.34619	184,203

A-53



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96097	$12.64476	51,212
01/01/2011 to 12/31/2011	$12.64476	$12.30830	117,969
01/01/2012 to 12/31/2012	$12.30830	$13.57203	225,275
01/01/2013 to 12/31/2013	$13.57203	$18.03404	249,619
01/01/2014 to 12/31/2014	$18.03404	$18.40461	222,602
01/01/2015 to 12/31/2015	$18.40461	$18.23393	238,631
01/01/2016 to 12/31/2016	$18.23393	$20.08921	200,979
01/01/2017 to 12/31/2017	$20.08921	$24.47172	175,989
01/01/2018 to 12/31/2018	$24.47172	$22.03199	161,207
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96440	$11.49200	44,213
01/01/2011 to 12/31/2011	$11.49200	$10.62167	63,209
01/01/2012 to 12/31/2012	$10.62167	$12.33695	107,553
01/01/2013 to 12/31/2013	$12.33695	$16.66308	104,066
01/01/2014 to 12/31/2014	$16.66308	$17.24268	103,322
01/01/2015 to 12/31/2015	$17.24268	$16.21902	85,907
01/01/2016 to 12/31/2016	$16.21902	$20.60010	102,032
01/01/2017 to 12/31/2017	$20.60010	$21.73867	109,959
01/01/2018 to 12/31/2018	$21.73867	$17.71857	79,065
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99229	$10.71605	2,863,672
01/01/2011 to 12/31/2011	$10.71605	$10.74314	5,207,868
01/01/2012 to 12/31/2012	$10.74314	$11.98557	11,334,791
01/01/2013 to 12/31/2013	$11.98557	$13.76509	12,437,947
01/01/2014 to 12/31/2014	$13.76509	$14.32668	11,920,680
01/01/2015 to 12/31/2015	$14.32668	$14.08904	14,657,282
01/01/2016 to 12/31/2016	$14.08904	$14.89482	13,808,489
01/01/2017 to 12/31/2017	$14.89482	$16.89832	12,881,246
01/01/2018 to 12/31/2018	$16.89832	$15.72480	11,596,731
AST T. Rowe Price Growth Opportunities Portfolio
02/10/2014* to 12/31/2014	$9.99859	$10.50745	0
01/01/2015 to 12/31/2015	$10.50745	$10.48375	6,433
01/01/2016 to 12/31/2016	$10.48375	$10.86751	6,197
01/01/2017 to 12/31/2017	$10.86751	$12.86316	15,268
01/01/2018 to 12/31/2018	$12.86316	$11.67772	19,182
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97117	$11.16117	215,479
01/01/2011 to 12/31/2011	$11.16117	$10.78581	352,937
01/01/2012 to 12/31/2012	$10.78581	$12.46639	709,302
01/01/2013 to 12/31/2013	$12.46639	$17.64982	724,960
01/01/2014 to 12/31/2014	$17.64982	$18.79769	756,452
01/01/2015 to 12/31/2015	$18.79769	$20.24900	750,303
01/01/2016 to 12/31/2016	$20.24900	$20.44263	686,225
01/01/2017 to 12/31/2017	$20.44263	$27.70961	639,613
01/01/2018 to 12/31/2018	$27.70961	$28.28909	612,598
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98620	$10.69150	26,996
01/01/2011 to 12/31/2011	$10.69150	$10.45834	100,606
01/01/2012 to 12/31/2012	$10.45834	$11.65803	294,769
01/01/2013 to 12/31/2013	$11.65803	$15.42829	320,867
01/01/2014 to 12/31/2014	$15.42829	$15.40233	247,588
01/01/2015 to 12/31/2015	$15.40233	$14.22243	232,708
01/01/2016 to 12/31/2016	$14.22243	$14.83806	213,111
01/01/2017 to 12/31/2017	$14.83806	$17.00087	203,781
01/01/2018 to 12/31/2018	$17.00087	$15.08768	206,422

A-54



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85984	$11.50158	240,457
01/01/2011 to 12/31/2011	$11.50158	$9.61963	356,895
01/01/2012 to 12/31/2012	$9.61963	$9.79779	584,029
01/01/2013 to 12/31/2013	$9.79779	$11.11270	574,041
01/01/2014 to 12/31/2014	$11.11270	$10.01041	653,435
01/01/2015 to 12/31/2015	$10.01041	$7.94568	556,141
01/01/2016 to 12/31/2016	$7.94568	$9.73362	487,193
01/01/2017 to 12/31/2017	$9.73362	$10.55477	521,881
01/01/2018 to 12/31/2018	$10.55477	$8.64662	413,525
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98028	$10.33385	143,314
01/01/2011 to 12/31/2011	$10.33385	$10.57749	215,632
01/01/2012 to 12/31/2012	$10.57749	$10.94077	334,073
01/01/2013 to 12/31/2013	$10.94077	$10.35114	353,773
01/01/2014 to 12/31/2014	$10.35114	$10.23181	317,556
01/01/2015 to 12/31/2015	$10.23181	$9.59352	275,463
01/01/2016 to 12/31/2016	$9.59352	$9.84178	248,263
01/01/2017 to 12/31/2017	$9.84178	$9.87243	288,451
01/01/2018 to 12/31/2018	$9.87243	$9.89771	250,218
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98885	$11.52646	90,429
01/01/2011 to 12/31/2011	$11.52646	$10.93968	104,000
01/01/2012 to 12/31/2012	$10.93968	$12.73323	155,834
01/01/2013 to 12/31/2013	$12.73323	$16.57418	151,603
01/01/2014 to 12/31/2014	$16.57418	$18.73137	124,047
01/01/2015 to 12/31/2015	$18.73137	$17.19612	103,329
01/01/2016 to 12/31/2016	$17.19612	$19.27023	84,707
01/01/2017 to 12/31/2017	$19.27023	$22.45389	91,530
01/01/2018 to 12/31/2018	$22.45389	$18.42270	77,842
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99859	$8.83435	317,149
01/01/2012 to 12/31/2012	$8.83435	$9.63986	1,128,299
01/01/2013 to 12/31/2013	$9.63986	$11.41894	1,513,199
01/01/2014 to 12/31/2014	$11.41894	$11.84282	2,692,810
01/01/2015 to 12/31/2015	$11.84282	$11.56788	2,525,006
01/01/2016 to 12/31/2016	$11.56788	$12.11360	2,311,573
01/01/2017 to 12/31/2017	$12.11360	$13.52694	2,124,061
01/01/2018 to 12/31/2018	$13.52694	$12.63128	1,810,082
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.42309	325,487
01/01/2011 to 12/31/2011	$10.42309	$10.86347	572,681
01/01/2012 to 12/31/2012	$10.86347	$11.51711	894,105
01/01/2013 to 12/31/2013	$11.51711	$11.15231	1,063,222
01/01/2014 to 12/31/2014	$11.15231	$11.75168	1,214,910
01/01/2015 to 12/31/2015	$11.75168	$11.69480	1,339,106
01/01/2016 to 12/31/2016	$11.69480	$12.08851	1,341,625
01/01/2017 to 12/31/2017	$12.08851	$12.63316	1,428,098
01/01/2018 to 12/31/2018	$12.63316	$12.13609	1,900,964

A-55



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Western Asset Emerging Markets Debt Portfolio
08/20/2012* to 12/31/2012	$9.99859	$10.38369	0
01/01/2013 to 12/31/2013	$10.38369	$9.37686	0
01/01/2014 to 12/31/2014	$9.37686	$9.34226	373
01/01/2015 to 12/31/2015	$9.34226	$8.90025	176
01/01/2016 to 12/31/2016	$8.90025	$9.67726	0
01/01/2017 to 12/31/2017	$9.67726	$10.39813	508
01/01/2018 to 12/31/2018	$10.39813	$9.53902	0
PSF Small Capitalization Stock Portfolio
formerly,Prudential Small Capitalization Stock Portfolio
04/30/2018* to 12/31/2018	$9.90736	$8.80449	7,301
PSF Stock Index Portfolio
formerly,Prudential Stock Index Portfolio
04/30/2018* to 12/31/2018	$9.91805	$9.39322	1,398
*Denotes the start date of these sub-accounts

A-56



PREMIER RETIREMENT L SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: With HAV and HD GRO II OR HAV and GRO Plus II (2.70%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96704	$10.72802	13,679
01/01/2011 to 12/31/2011	$10.72802	$10.16130	34,716
01/01/2012 to 12/31/2012	$10.16130	$11.12891	25,480
01/01/2013 to 12/31/2013	$11.12891	$11.90837	5,553
01/01/2014 to 12/31/2014	$11.90837	$12.02921	8,854
01/01/2015 to 12/31/2015	$12.02921	$11.32759	4,013
01/01/2016 to 12/31/2016	$11.32759	$11.72082	2,535
01/01/2017 to 12/31/2017	$11.72082	$12.84061	4,141
01/01/2018 to 12/31/2018	$12.84061	$11.47569	1,117
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97773	$10.83318	8,856
01/01/2011 to 12/31/2011	$10.83318	$10.55300	11,054
01/01/2012 to 12/31/2012	$10.55300	$11.66908	7,378
01/01/2013 to 12/31/2013	$11.66908	$13.23395	3,459
01/01/2014 to 12/31/2014	$13.23395	$13.66311	3,376
01/01/2015 to 12/31/2015	$13.66311	$13.40099	2,468
01/01/2016 to 12/31/2016	$13.40099	$13.96682	2,048
01/01/2017 to 12/31/2017	$13.96682	$15.89119	2,346
01/01/2018 to 12/31/2018	$15.89119	$14.54977	1,517
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98800	$10.68666	279,181
01/01/2011 to 12/31/2011	$10.68666	$10.27226	187,710
01/01/2012 to 12/31/2012	$10.27226	$11.24135	169,127
01/01/2013 to 12/31/2013	$11.24135	$12.86823	88,787
01/01/2014 to 12/31/2014	$12.86823	$13.33735	95,841
01/01/2015 to 12/31/2015	$13.33735	$13.03902	49,460
01/01/2016 to 12/31/2016	$13.03902	$13.48695	29,793
01/01/2017 to 12/31/2017	$13.48695	$15.08000	44,954
01/01/2018 to 12/31/2018	$15.08000	$13.94672	14,986
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99775	$9.10110	0
01/01/2012 to 12/31/2012	$9.10110	$9.90840	0
01/01/2013 to 12/31/2013	$9.90840	$10.68726	0
01/01/2014 to 12/31/2014	$10.68726	$10.90769	0
01/01/2015 to 12/31/2015	$10.90769	$10.29469	0
01/01/2016 to 12/31/2016	$10.29469	$10.71466	0
01/01/2017 to 12/31/2017	$10.71466	$11.74110	0
01/01/2018 to 12/31/2018	$11.74110	$10.81937	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00718	$10.01971	0
01/01/2011 to 12/31/2011	$10.01971	$9.96892	0
01/01/2012 to 12/31/2012	$9.96892	$10.15469	0
01/01/2013 to 12/31/2013	$10.15469	$9.66568	0
01/01/2014 to 12/31/2014	$9.66568	$9.39565	0
01/01/2015 to 12/31/2015	$9.39565	$9.18614	0
01/01/2016 to 12/31/2016	$9.18614	$9.08486	0
01/01/2017 to 12/31/2017	$9.08486	$8.99102	0
01/01/2018 to 12/31/2018	$8.99102	$8.81224	0

A-57



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00610	$10.29072	34,085
01/01/2011 to 12/31/2011	$10.29072	$10.33172	14,526
01/01/2012 to 12/31/2012	$10.33172	$10.98946	11,465
01/01/2013 to 12/31/2013	$10.98946	$10.49630	5,998
01/01/2014 to 12/31/2014	$10.49630	$10.64502	7,273
01/01/2015 to 12/31/2015	$10.64502	$10.13924	2,064
01/01/2016 to 12/31/2016	$10.13924	$10.28333	1,492
01/01/2017 to 12/31/2017	$10.28333	$10.44282	1,531
01/01/2018 to 12/31/2018	$10.44282	$10.09228	874
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00645	$10.56381	0
01/01/2011 to 12/31/2011	$10.56381	$11.67506	328,340
01/01/2012 to 12/31/2012	$11.67506	$12.00863	360,043
01/01/2013 to 12/31/2013	$12.00863	$11.31717	415,167
01/01/2014 to 12/31/2014	$11.31717	$11.30480	348,192
01/01/2015 to 12/31/2015	$11.30480	$11.08871	339,104
01/01/2016 to 12/31/2016	$11.08871	$10.96365	314,984
01/01/2017 to 12/31/2017	$10.96365	$10.74432	311,681
01/01/2018 to 12/31/2018	$10.74432	$10.53187	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99775	$10.56667	0
01/01/2011 to 12/31/2011	$10.56667	$11.92426	0
01/01/2012 to 12/31/2012	$11.92426	$12.28151	29,098
01/01/2013 to 12/31/2013	$12.28151	$11.37247	20,475
01/01/2014 to 12/31/2014	$11.37247	$11.53734	19,757
01/01/2015 to 12/31/2015	$11.53734	$11.34608	23,091
01/01/2016 to 12/31/2016	$11.34608	$11.20016	20,918
01/01/2017 to 12/31/2017	$11.20016	$10.98125	20,915
01/01/2018 to 12/31/2018	$10.98125	$10.74337	211,816
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00857	$10.59733	0
01/01/2011 to 12/31/2011	$10.59733	$12.23769	0
01/01/2012 to 12/31/2012	$12.23769	$12.65914	0
01/01/2013 to 12/31/2013	$12.65914	$11.51481	4,676
01/01/2014 to 12/31/2014	$11.51481	$11.89403	19,462
01/01/2015 to 12/31/2015	$11.89403	$11.74954	633
01/01/2016 to 12/31/2016	$11.74954	$11.65672	642
01/01/2017 to 12/31/2017	$11.65672	$11.44323	587
01/01/2018 to 12/31/2018	$11.44323	$11.16521	841
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00751	$10.69820	0
01/01/2011 to 12/31/2011	$10.69820	$12.52320	114,300
01/01/2012 to 12/31/2012	$12.52320	$13.01240	113,654
01/01/2013 to 12/31/2013	$13.01240	$11.77459	96,060
01/01/2014 to 12/31/2014	$11.77459	$12.33666	199,005
01/01/2015 to 12/31/2015	$12.33666	$12.21762	305,113
01/01/2016 to 12/31/2016	$12.21762	$12.13025	183,609
01/01/2017 to 12/31/2017	$12.13025	$11.99013	152,610
01/01/2018 to 12/31/2018	$11.99013	$11.67253	165,886

A-58



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99775	$11.91076	53,967
01/01/2012 to 12/31/2012	$11.91076	$12.26620	103,163
01/01/2013 to 12/31/2013	$12.26620	$10.77189	86,349
01/01/2014 to 12/31/2014	$10.77189	$11.56789	41,737
01/01/2015 to 12/31/2015	$11.56789	$11.49155	41,750
01/01/2016 to 12/31/2016	$11.49155	$11.38620	47,817
01/01/2017 to 12/31/2017	$11.38620	$11.25340	44,285
01/01/2018 to 12/31/2018	$11.25340	$10.93182	58,601
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99701	$10.30344	0
01/01/2013 to 12/31/2013	$10.30344	$9.00269	111,774
01/01/2014 to 12/31/2014	$9.00269	$9.86507	61,524
01/01/2015 to 12/31/2015	$9.86507	$9.85866	0
01/01/2016 to 12/31/2016	$9.85866	$9.77641	0
01/01/2017 to 12/31/2017	$9.77641	$9.67449	0
01/01/2018 to 12/31/2018	$9.67449	$9.38701	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99850	$8.66918	0
01/01/2014 to 12/31/2014	$8.66918	$9.66595	0
01/01/2015 to 12/31/2015	$9.66595	$9.67214	0
01/01/2016 to 12/31/2016	$9.67214	$9.59096	0
01/01/2017 to 12/31/2017	$9.59096	$9.48967	0
01/01/2018 to 12/31/2018	$9.48967	$9.17254	0
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99850	$11.19944	1,612
01/01/2015 to 12/31/2015	$11.19944	$11.11490	74,428
01/01/2016 to 12/31/2016	$11.11490	$11.08281	0
01/01/2017 to 12/31/2017	$11.08281	$10.98160	0
01/01/2018 to 12/31/2018	$10.98160	$10.60501	2,725
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99850	$9.84675	7,723
01/01/2016 to 12/31/2016	$9.84675	$9.78047	28,967
01/01/2017 to 12/31/2017	$9.78047	$9.74751	17,780
01/01/2018 to 12/31/2018	$9.74751	$9.38435	21,732
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99701	$9.78915	78,948
01/01/2017 to 12/31/2017	$9.78915	$9.78123	67,587
01/01/2018 to 12/31/2018	$9.78123	$9.39591	88,597
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99700	$9.94490	0
01/01/2018 to 12/31/2018	$9.94490	$9.47614	0
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99700	$9.57290	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97692	$10.76684	194,108
01/01/2011 to 12/31/2011	$10.76684	$10.22230	159,504
01/01/2012 to 12/31/2012	$10.22230	$11.31077	123,702
01/01/2013 to 12/31/2013	$11.31077	$13.50152	186,857
01/01/2014 to 12/31/2014	$13.50152	$14.05587	140,795
01/01/2015 to 12/31/2015	$14.05587	$13.74926	87,658
01/01/2016 to 12/31/2016	$13.74926	$14.29352	47,021
01/01/2017 to 12/31/2017	$14.29352	$16.39699	56,656
01/01/2018 to 12/31/2018	$16.39699	$14.95989	25,541

A-59



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99775	$11.55659	311
01/01/2014 to 12/31/2014	$11.55659	$12.77488	1,310
01/01/2015 to 12/31/2015	$12.77488	$11.98596	664
01/01/2016 to 12/31/2016	$11.98596	$13.40026	418
01/01/2017 to 12/31/2017	$13.40026	$15.43941	601
01/01/2018 to 12/31/2018	$15.43941	$14.30443	179
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95914	$11.71378	835
01/01/2011 to 12/31/2011	$11.71378	$12.14917	422
01/01/2012 to 12/31/2012	$12.14917	$13.63494	381
01/01/2013 to 12/31/2013	$13.63494	$13.68240	271
01/01/2014 to 12/31/2014	$13.68240	$17.42880	425
01/01/2015 to 12/31/2015	$17.42880	$17.77975	241
01/01/2016 to 12/31/2016	$17.77975	$18.13409	241
01/01/2017 to 12/31/2017	$18.13409	$18.74797	261
01/01/2018 to 12/31/2018	$18.74797	$17.37169	126
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97523	$10.94766	27,052
01/01/2011 to 12/31/2011	$10.94766	$10.49225	12,468
01/01/2012 to 12/31/2012	$10.49225	$11.29416	10,157
01/01/2013 to 12/31/2013	$11.29416	$12.61143	13,170
01/01/2014 to 12/31/2014	$12.61143	$12.65766	9,967
01/01/2015 to 12/31/2015	$12.65766	$12.43791	6,327
01/01/2016 to 12/31/2016	$12.43791	$12.61768	5,113
01/01/2017 to 12/31/2017	$12.61768	$14.30042	6,512
01/01/2018 to 12/31/2018	$14.30042	$12.83463	3,772
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96942	$11.47469	314
01/01/2011 to 12/31/2011	$11.47469	$10.60270	157
01/01/2012 to 12/31/2012	$10.60270	$13.08119	129
01/01/2013 to 12/31/2013	$13.08119	$13.28131	75
01/01/2014 to 12/31/2014	$13.28131	$14.72209	52
01/01/2015 to 12/31/2015	$14.72209	$14.31166	20
01/01/2016 to 12/31/2016	$14.31166	$14.05091	21
01/01/2017 to 12/31/2017	$14.05091	$15.16104	18
01/01/2018 to 12/31/2018	$15.16104	$14.05475	18
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99100	$10.69949	0
01/01/2011 to 12/31/2011	$10.69949	$9.83638	0
01/01/2012 to 12/31/2012	$9.83638	$11.45267	0
01/01/2013 to 12/31/2013	$11.45267	$14.88140	0
01/01/2014 to 12/31/2014	$14.88140	$16.38114	0
01/01/2015 to 12/31/2015	$16.38114	$15.20214	1,260
01/01/2016 to 12/31/2016	$15.20214	$16.50006	806
01/01/2017 to 12/31/2017	$16.50006	$17.62075	1,251
01/01/2018 to 12/31/2018	$17.62075	$15.68051	398

A-60



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01907	$11.34646	0
01/01/2011 to 12/31/2011	$11.34646	$10.71178	0
01/01/2012 to 12/31/2012	$10.71178	$12.46639	0
01/01/2013 to 12/31/2013	$12.46639	$16.03477	0
01/01/2014 to 12/31/2014	$16.03477	$17.40029	250
01/01/2015 to 12/31/2015	$17.40029	$15.96783	298
01/01/2016 to 12/31/2016	$15.96783	$15.79319	622
01/01/2017 to 12/31/2017	$15.79319	$19.53154	586
01/01/2018 to 12/31/2018	$19.53154	$18.17486	60
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98749	$10.63651	249
01/01/2011 to 12/31/2011	$10.63651	$10.29738	4,117
01/01/2012 to 12/31/2012	$10.29738	$11.03380	2,400
01/01/2013 to 12/31/2013	$11.03380	$11.79030	911
01/01/2014 to 12/31/2014	$11.79030	$11.93560	1,090
01/01/2015 to 12/31/2015	$11.93560	$11.50768	596
01/01/2016 to 12/31/2016	$11.50768	$11.78628	424
01/01/2017 to 12/31/2017	$11.78628	$12.87764	568
01/01/2018 to 12/31/2018	$12.87764	$11.64376	202
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96438	$11.42102	11,613
01/01/2011 to 12/31/2011	$11.42102	$11.25787	4,469
01/01/2012 to 12/31/2012	$11.25787	$12.67206	2,757
01/01/2013 to 12/31/2013	$12.67206	$17.11573	1,052
01/01/2014 to 12/31/2014	$17.11573	$17.85232	1,653
01/01/2015 to 12/31/2015	$17.85232	$16.41583	75
01/01/2016 to 12/31/2016	$16.41583	$19.85737	69
01/01/2017 to 12/31/2017	$19.85737	$21.67779	70
01/01/2018 to 12/31/2018	$21.67779	$18.12297	71
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99776	$9.78359	0
01/01/2011 to 12/31/2011	$9.78359	$9.52209	6,523
01/01/2012 to 12/31/2012	$9.52209	$9.26522	0
01/01/2013 to 12/31/2013	$9.26522	$9.01512	0
01/01/2014 to 12/31/2014	$9.01512	$8.77178	0
01/01/2015 to 12/31/2015	$8.77178	$8.53500	0
01/01/2016 to 12/31/2016	$8.53500	$8.30517	0
01/01/2017 to 12/31/2017	$8.30517	$8.10913	0
01/01/2018 to 12/31/2018	$8.10913	$7.99153	0
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98373	$10.69768	13,625
01/01/2011 to 12/31/2011	$10.69768	$10.73964	9,486
01/01/2012 to 12/31/2012	$10.73964	$11.89904	3,684
01/01/2013 to 12/31/2013	$11.89904	$12.40911	1,219
01/01/2014 to 12/31/2014	$12.40911	$12.38295	1,012
01/01/2015 to 12/31/2015	$12.38295	$11.61910	426
01/01/2016 to 12/31/2016	$11.61910	$13.04691	325
01/01/2017 to 12/31/2017	$13.04691	$13.64411	238
01/01/2018 to 12/31/2018	$13.64411	$13.01005	170

A-61



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98974	$10.55472	0
01/01/2011 to 12/31/2011	$10.55472	$9.84054	0
01/01/2012 to 12/31/2012	$9.84054	$11.19120	0
01/01/2013 to 12/31/2013	$11.19120	$15.22967	0
01/01/2014 to 12/31/2014	$15.22967	$16.85551	0
01/01/2015 to 12/31/2015	$16.85551	$15.11514	0
01/01/2016 to 12/31/2016	$15.11514	$17.63294	0
01/01/2017 to 12/31/2017	$17.63294	$20.45138	0
01/01/2018 to 12/31/2018	$20.45138	$17.08027	0
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92858	$11.18912	216
01/01/2011 to 12/31/2011	$11.18912	$9.48026	0
01/01/2012 to 12/31/2012	$9.48026	$11.10255	0
01/01/2013 to 12/31/2013	$11.10255	$12.86148	0
01/01/2014 to 12/31/2014	$12.86148	$11.82273	0
01/01/2015 to 12/31/2015	$11.82273	$11.86570	0
01/01/2016 to 12/31/2016	$11.86570	$11.10976	0
01/01/2017 to 12/31/2017	$11.10976	$14.64060	0
01/01/2018 to 12/31/2018	$14.64060	$12.34422	0
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92845	$10.73053	1,282
01/01/2011 to 12/31/2011	$10.73053	$9.13080	545
01/01/2012 to 12/31/2012	$9.13080	$10.36547	363
01/01/2013 to 12/31/2013	$10.36547	$12.04897	180
01/01/2014 to 12/31/2014	$12.04897	$10.93767	169
01/01/2015 to 12/31/2015	$10.93767	$10.72928	115
01/01/2016 to 12/31/2016	$10.72928	$10.50085	130
01/01/2017 to 12/31/2017	$10.50085	$12.54926	121
01/01/2018 to 12/31/2018	$12.54926	$10.23838	502
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97599	$10.80651	28,035
01/01/2011 to 12/31/2011	$10.80651	$10.45528	11,482
01/01/2012 to 12/31/2012	$10.45528	$11.55436	8,613
01/01/2013 to 12/31/2013	$11.55436	$13.07295	8,707
01/01/2014 to 12/31/2014	$13.07295	$13.52958	7,807
01/01/2015 to 12/31/2015	$13.52958	$13.02640	3,096
01/01/2016 to 12/31/2016	$13.02640	$13.33675	2,945
01/01/2017 to 12/31/2017	$13.33675	$15.17819	2,778
01/01/2018 to 12/31/2018	$15.17819	$13.67759	311
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92110	$10.49411	1,080
01/01/2011 to 12/31/2011	$10.49411	$9.27676	503
01/01/2012 to 12/31/2012	$9.27676	$11.00339	389
01/01/2013 to 12/31/2013	$11.00339	$12.35100	266
01/01/2014 to 12/31/2014	$12.35100	$11.25254	244
01/01/2015 to 12/31/2015	$11.25254	$10.64265	53
01/01/2016 to 12/31/2016	$10.64265	$10.55610	968
01/01/2017 to 12/31/2017	$10.55610	$13.31567	875
01/01/2018 to 12/31/2018	$13.31567	$10.69105	58

A-62



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99775	$10.52387	10,107
01/01/2011 to 12/31/2011	$10.52387	$10.26420	8,129
01/01/2012 to 12/31/2012	$10.26420	$11.05718	5,983
01/01/2013 to 12/31/2013	$11.05718	$11.94565	3,063
01/01/2014 to 12/31/2014	$11.94565	$12.25655	2,874
01/01/2015 to 12/31/2015	$12.25655	$11.90380	1,794
01/01/2016 to 12/31/2016	$11.90380	$12.02773	843
01/01/2017 to 12/31/2017	$12.02773	$13.12491	397
01/01/2018 to 12/31/2018	$13.12491	$12.11407	73
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97060	$10.71155	466
01/01/2011 to 12/31/2011	$10.71155	$10.49190	159
01/01/2012 to 12/31/2012	$10.49190	$11.75857	87
01/01/2013 to 12/31/2013	$11.75857	$15.61666	36
01/01/2014 to 12/31/2014	$15.61666	$16.63931	34
01/01/2015 to 12/31/2015	$16.63931	$17.91179	26
01/01/2016 to 12/31/2016	$17.91179	$17.17412	31
01/01/2017 to 12/31/2017	$17.17412	$22.69976	27
01/01/2018 to 12/31/2018	$22.69976	$21.72761	25
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99185	$11.23754	0
01/01/2011 to 12/31/2011	$11.23754	$10.83471	0
01/01/2012 to 12/31/2012	$10.83471	$11.83484	0
01/01/2013 to 12/31/2013	$11.83484	$15.73142	0
01/01/2014 to 12/31/2014	$15.73142	$16.92770	262
01/01/2015 to 12/31/2015	$16.92770	$18.12955	94
01/01/2016 to 12/31/2016	$18.12955	$18.62498	95
01/01/2017 to 12/31/2017	$18.62498	$24.10265	84
01/01/2018 to 12/31/2018	$24.10265	$22.81797	80
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98688	$10.82935	0
01/01/2011 to 12/31/2011	$10.82935	$10.20729	0
01/01/2012 to 12/31/2012	$10.20729	$12.22327	0
01/01/2013 to 12/31/2013	$12.22327	$15.18002	0
01/01/2014 to 12/31/2014	$15.18002	$15.30634	281
01/01/2015 to 12/31/2015	$15.30634	$14.67487	262
01/01/2016 to 12/31/2016	$14.67487	$15.29508	263
01/01/2017 to 12/31/2017	$15.29508	$18.43160	252
01/01/2018 to 12/31/2018	$18.43160	$16.21809	0
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99775	$10.80508	0
01/01/2011 to 12/31/2011	$10.80508	$10.45133	0
01/01/2012 to 12/31/2012	$10.45133	$11.90597	949
01/01/2013 to 12/31/2013	$11.90597	$15.83692	365
01/01/2014 to 12/31/2014	$15.83692	$16.75152	259
01/01/2015 to 12/31/2015	$16.75152	$17.47755	230
01/01/2016 to 12/31/2016	$17.47755	$17.33180	230
01/01/2017 to 12/31/2017	$17.33180	$22.04430	216
01/01/2018 to 12/31/2018	$22.04430	$21.90684	0

A-63



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99776	$10.15622	0
01/01/2013 to 12/31/2013	$10.15622	$13.29201	0
01/01/2014 to 12/31/2014	$13.29201	$14.25459	0
01/01/2015 to 12/31/2015	$14.25459	$13.76939	0
01/01/2016 to 12/31/2016	$13.76939	$15.20007	0
01/01/2017 to 12/31/2017	$15.20007	$17.35562	0
01/01/2018 to 12/31/2018	$17.35562	$15.17049	0
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99030	$11.16638	11,233
01/01/2011 to 12/31/2011	$11.16638	$10.59540	4,308
01/01/2012 to 12/31/2012	$10.59540	$12.07466	2,440
01/01/2013 to 12/31/2013	$12.07466	$16.68426	865
01/01/2014 to 12/31/2014	$16.68426	$18.54723	1,437
01/01/2015 to 12/31/2015	$18.54723	$17.02906	421
01/01/2016 to 12/31/2016	$17.02906	$19.59124	328
01/01/2017 to 12/31/2017	$19.59124	$21.69250	335
01/01/2018 to 12/31/2018	$21.69250	$17.63330	89
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99776	$10.24890	537
01/01/2013 to 12/31/2013	$10.24890	$11.85845	323
01/01/2014 to 12/31/2014	$11.85845	$12.13121	279
01/01/2015 to 12/31/2015	$12.13121	$11.65711	81
01/01/2016 to 12/31/2016	$11.65711	$11.83337	91
01/01/2017 to 12/31/2017	$11.83337	$13.41392	92
01/01/2018 to 12/31/2018	$13.41392	$11.96980	92
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93823	$11.60441	13,606
01/01/2011 to 12/31/2011	$11.60441	$9.00244	6,037
01/01/2012 to 12/31/2012	$9.00244	$10.32934	1,429
01/01/2013 to 12/31/2013	$10.32934	$10.07284	1,027
01/01/2014 to 12/31/2014	$10.07284	$9.34178	1,860
01/01/2015 to 12/31/2015	$9.34178	$7.56897	926
01/01/2016 to 12/31/2016	$7.56897	$8.27550	3,100
01/01/2017 to 12/31/2017	$8.27550	$10.17686	2,944
01/01/2018 to 12/31/2018	$10.17686	$8.50979	930
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98872	$10.53285	24,918
01/01/2011 to 12/31/2011	$10.53285	$10.35103	33,863
01/01/2012 to 12/31/2012	$10.35103	$11.11596	27,178
01/01/2013 to 12/31/2013	$11.11596	$11.81223	13,265
01/01/2014 to 12/31/2014	$11.81223	$12.15718	13,104
01/01/2015 to 12/31/2015	$12.15718	$11.84594	6,407
01/01/2016 to 12/31/2016	$11.84594	$12.16388	3,344
01/01/2017 to 12/31/2017	$12.16388	$13.03542	635
01/01/2018 to 12/31/2018	$13.03542	$12.32132	186
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01767	$10.05196	0
01/01/2012 to 12/31/2012	$10.05196	$10.47550	0
01/01/2013 to 12/31/2013	$10.47550	$9.95682	0
01/01/2014 to 12/31/2014	$9.95682	$10.27510	2,700
01/01/2015 to 12/31/2015	$10.27510	$9.97082	1,228
01/01/2016 to 12/31/2016	$9.97082	$10.11065	356
01/01/2017 to 12/31/2017	$10.11065	$10.39624	612
01/01/2018 to 12/31/2018	$10.39624	$10.03180	470

A-64



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96274	$11.43865	4,114
01/01/2011 to 12/31/2011	$11.43865	$10.43861	5,489
01/01/2012 to 12/31/2012	$10.43861	$11.46855	5,542
01/01/2013 to 12/31/2013	$11.46855	$13.05885	1,027
01/01/2014 to 12/31/2014	$13.05885	$13.87493	1,848
01/01/2015 to 12/31/2015	$13.87493	$13.41753	8,487
01/01/2016 to 12/31/2016	$13.41753	$14.37413	6,551
01/01/2017 to 12/31/2017	$14.37413	$16.23855	10,406
01/01/2018 to 12/31/2018	$16.23855	$14.59767	4,760
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99775	$10.82499	0
01/01/2011 to 12/31/2011	$10.82499	$10.89734	0
01/01/2012 to 12/31/2012	$10.89734	$12.59643	0
01/01/2013 to 12/31/2013	$12.59643	$16.23101	0
01/01/2014 to 12/31/2014	$16.23101	$18.51134	0
01/01/2015 to 12/31/2015	$18.51134	$18.56612	0
01/01/2016 to 12/31/2016	$18.56612	$20.74822	0
01/01/2017 to 12/31/2017	$20.74822	$24.68208	0
01/01/2018 to 12/31/2018	$24.68208	$22.03891	251
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99775	$8.83594	0
01/01/2012 to 12/31/2012	$8.83594	$9.72824	0
01/01/2013 to 12/31/2013	$9.72824	$11.58574	0
01/01/2014 to 12/31/2014	$11.58574	$12.00578	0
01/01/2015 to 12/31/2015	$12.00578	$11.69925	0
01/01/2016 to 12/31/2016	$11.69925	$12.10377	0
01/01/2017 to 12/31/2017	$12.10377	$13.92024	0
01/01/2018 to 12/31/2018	$13.92024	$12.65823	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98681	$10.72024	22,653
01/01/2011 to 12/31/2011	$10.72024	$10.24187	11,198
01/01/2012 to 12/31/2012	$10.24187	$10.98948	14,026
01/01/2013 to 12/31/2013	$10.98948	$12.02286	3,493
01/01/2014 to 12/31/2014	$12.02286	$12.29951	3,930
01/01/2015 to 12/31/2015	$12.29951	$11.94756	2,556
01/01/2016 to 12/31/2016	$11.94756	$12.18547	1,927
01/01/2017 to 12/31/2017	$12.18547	$13.78216	2,040
01/01/2018 to 12/31/2018	$13.78216	$12.34837	1,217
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97108	$12.08395	1,284
01/01/2011 to 12/31/2011	$12.08395	$10.21630	491
01/01/2012 to 12/31/2012	$10.21630	$11.93538	263
01/01/2013 to 12/31/2013	$11.93538	$16.35278	106
01/01/2014 to 12/31/2014	$16.35278	$16.69730	103
01/01/2015 to 12/31/2015	$16.69730	$16.46333	86
01/01/2016 to 12/31/2016	$16.46333	$17.25324	373
01/01/2017 to 12/31/2017	$17.25324	$21.43768	343
01/01/2018 to 12/31/2018	$21.43768	$18.59390	272

A-65



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96013	$12.54113	789
01/01/2011 to 12/31/2011	$12.54113	$12.08356	244
01/01/2012 to 12/31/2012	$12.08356	$13.18823	109
01/01/2013 to 12/31/2013	$13.18823	$17.34591	63
01/01/2014 to 12/31/2014	$17.34591	$17.52204	401
01/01/2015 to 12/31/2015	$17.52204	$17.18290	696
01/01/2016 to 12/31/2016	$17.18290	$18.73936	363
01/01/2017 to 12/31/2017	$18.73936	$22.59592	342
01/01/2018 to 12/31/2018	$22.59592	$20.13476	64
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96356	$11.39766	0
01/01/2011 to 12/31/2011	$11.39766	$10.42757	0
01/01/2012 to 12/31/2012	$10.42757	$11.98804	0
01/01/2013 to 12/31/2013	$11.98804	$16.02732	0
01/01/2014 to 12/31/2014	$16.02732	$16.41607	0
01/01/2015 to 12/31/2015	$16.41607	$15.28434	375
01/01/2016 to 12/31/2016	$15.28434	$19.21614	267
01/01/2017 to 12/31/2017	$19.21614	$20.07245	270
01/01/2018 to 12/31/2018	$20.07245	$16.19287	0
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99145	$10.62833	40,395
01/01/2011 to 12/31/2011	$10.62833	$10.54700	68,629
01/01/2012 to 12/31/2012	$10.54700	$11.64682	51,417
01/01/2013 to 12/31/2013	$11.64682	$13.24003	32,848
01/01/2014 to 12/31/2014	$13.24003	$13.64001	51,848
01/01/2015 to 12/31/2015	$13.64001	$13.27734	35,391
01/01/2016 to 12/31/2016	$13.27734	$13.89431	10,472
01/01/2017 to 12/31/2017	$13.89431	$15.60326	14,319
01/01/2018 to 12/31/2018	$15.60326	$14.37107	6,728
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97033	$11.06962	0
01/01/2011 to 12/31/2011	$11.06962	$10.58857	0
01/01/2012 to 12/31/2012	$10.58857	$12.11375	0
01/01/2013 to 12/31/2013	$12.11375	$16.97611	0
01/01/2014 to 12/31/2014	$16.97611	$17.89630	0
01/01/2015 to 12/31/2015	$17.89630	$19.08190	303
01/01/2016 to 12/31/2016	$19.08190	$19.06902	0
01/01/2017 to 12/31/2017	$19.06902	$25.58575	0
01/01/2018 to 12/31/2018	$25.58575	$25.85357	0
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98536	$10.60379	0
01/01/2011 to 12/31/2011	$10.60379	$10.26707	0
01/01/2012 to 12/31/2012	$10.26707	$11.32811	998
01/01/2013 to 12/31/2013	$11.32811	$14.83939	718
01/01/2014 to 12/31/2014	$14.83939	$14.66362	1,543
01/01/2015 to 12/31/2015	$14.66362	$13.40246	795
01/01/2016 to 12/31/2016	$13.40246	$13.84073	537
01/01/2017 to 12/31/2017	$13.84073	$15.69731	784
01/01/2018 to 12/31/2018	$15.69731	$13.78817	246

A-66



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85900	$11.40731	1,645
01/01/2011 to 12/31/2011	$11.40731	$9.44376	765
01/01/2012 to 12/31/2012	$9.44376	$9.52074	1,533
01/01/2013 to 12/31/2013	$9.52074	$10.68860	505
01/01/2014 to 12/31/2014	$10.68860	$9.53026	1,283
01/01/2015 to 12/31/2015	$9.53026	$7.48748	36
01/01/2016 to 12/31/2016	$7.48748	$9.07922	33
01/01/2017 to 12/31/2017	$9.07922	$9.74532	30
01/01/2018 to 12/31/2018	$9.74532	$7.90170	29
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97944	$10.24908	2,413
01/01/2011 to 12/31/2011	$10.24908	$10.38419	1,259
01/01/2012 to 12/31/2012	$10.38419	$10.63128	1,264
01/01/2013 to 12/31/2013	$10.63128	$9.95593	1,025
01/01/2014 to 12/31/2014	$9.95593	$9.74100	835
01/01/2015 to 12/31/2015	$9.74100	$9.04019	64
01/01/2016 to 12/31/2016	$9.04019	$9.18005	64
01/01/2017 to 12/31/2017	$9.18005	$9.11525	60
01/01/2018 to 12/31/2018	$9.11525	$9.04501	58
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98801	$11.43201	896
01/01/2011 to 12/31/2011	$11.43201	$10.73996	319
01/01/2012 to 12/31/2012	$10.73996	$12.37341	166
01/01/2013 to 12/31/2013	$12.37341	$15.94209	70
01/01/2014 to 12/31/2014	$15.94209	$17.83365	64
01/01/2015 to 12/31/2015	$17.83365	$16.20531	58
01/01/2016 to 12/31/2016	$16.20531	$17.97579	59
01/01/2017 to 12/31/2017	$17.97579	$20.73319	59
01/01/2018 to 12/31/2018	$20.73319	$16.83672	63
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99775	$8.77381	0
01/01/2012 to 12/31/2012	$8.77381	$9.47622	0
01/01/2013 to 12/31/2013	$9.47622	$11.11097	96
01/01/2014 to 12/31/2014	$11.11097	$11.40603	96
01/01/2015 to 12/31/2015	$11.40603	$11.02779	0
01/01/2016 to 12/31/2016	$11.02779	$11.43090	0
01/01/2017 to 12/31/2017	$11.43090	$12.63517	0
01/01/2018 to 12/31/2018	$12.63517	$11.67787	0
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99775	$10.33756	8,792
01/01/2011 to 12/31/2011	$10.33756	$10.66490	3,905
01/01/2012 to 12/31/2012	$10.66490	$11.19133	2,442
01/01/2013 to 12/31/2013	$11.19133	$10.72657	430
01/01/2014 to 12/31/2014	$10.72657	$11.18815	1,938
01/01/2015 to 12/31/2015	$11.18815	$11.02065	959
01/01/2016 to 12/31/2016	$11.02065	$11.27609	1,700
01/01/2017 to 12/31/2017	$11.27609	$11.66453	2,174
01/01/2018 to 12/31/2018	$11.66453	$11.09096	514
*Denotes the start date of these sub-accounts

A-67



PREMIER RETIREMENT C SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: Basic Death Benefit Only (1.75%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96784	$10.81229	70,797
01/01/2011 to 12/31/2011	$10.81229	$10.34079	200,155
01/01/2012 to 12/31/2012	$10.34079	$11.43628	311,496
01/01/2013 to 12/31/2013	$11.43628	$12.35682	322,481
01/01/2014 to 12/31/2014	$12.35682	$12.60414	286,857
01/01/2015 to 12/31/2015	$12.60414	$11.98495	283,672
01/01/2016 to 12/31/2016	$11.98495	$12.52164	212,029
01/01/2017 to 12/31/2017	$12.52164	$13.85145	197,224
01/01/2018 to 12/31/2018	$13.85145	$12.50067	160,210
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97853	$10.91830	40,209
01/01/2011 to 12/31/2011	$10.91830	$10.73950	90,101
01/01/2012 to 12/31/2012	$10.73950	$11.99147	278,746
01/01/2013 to 12/31/2013	$11.99147	$13.73227	348,132
01/01/2014 to 12/31/2014	$13.73227	$14.31600	328,965
01/01/2015 to 12/31/2015	$14.31600	$14.17844	216,126
01/01/2016 to 12/31/2016	$14.17844	$14.92088	259,074
01/01/2017 to 12/31/2017	$14.92088	$17.14202	232,854
01/01/2018 to 12/31/2018	$17.14202	$15.84907	212,175
AST AQR Emerging Markets Equity Portfolio
02/25/2013* to 12/31/2013	$9.99855	$10.08662	0
01/01/2014 to 12/31/2014	$10.08662	$9.60035	233
01/01/2015 to 12/31/2015	$9.60035	$7.96783	0
01/01/2016 to 12/31/2016	$7.96783	$8.87524	0
01/01/2017 to 12/31/2017	$8.87524	$11.76814	0
01/01/2018 to 12/31/2018	$11.76814	$9.36950	0
AST AQR Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99855	$11.62919	0
01/01/2014 to 12/31/2014	$11.62919	$12.93054	0
01/01/2015 to 12/31/2015	$12.93054	$12.92367	0
01/01/2016 to 12/31/2016	$12.92367	$14.05695	0
01/01/2017 to 12/31/2017	$14.05695	$16.86894	0
01/01/2018 to 12/31/2018	$16.86894	$15.22412	0
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98880	$10.77058	556,518
01/01/2011 to 12/31/2011	$10.77058	$10.45375	735,796
01/01/2012 to 12/31/2012	$10.45375	$11.55181	1,055,670
01/01/2013 to 12/31/2013	$11.55181	$13.35262	1,104,395
01/01/2014 to 12/31/2014	$13.35262	$13.97452	1,120,716
01/01/2015 to 12/31/2015	$13.97452	$13.79539	1,084,000
01/01/2016 to 12/31/2016	$13.79539	$14.40810	1,026,950
01/01/2017 to 12/31/2017	$14.40810	$16.26680	906,859
01/01/2018 to 12/31/2018	$16.26680	$15.19203	870,242

A-68



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99855	$9.16071	41,927
01/01/2012 to 12/31/2012	$9.16071	$10.07084	113,292
01/01/2013 to 12/31/2013	$10.07084	$10.96850	130,330
01/01/2014 to 12/31/2014	$10.96850	$11.30407	120,871
01/01/2015 to 12/31/2015	$11.30407	$10.77295	155,743
01/01/2016 to 12/31/2016	$10.77295	$11.32163	129,806
01/01/2017 to 12/31/2017	$11.32163	$12.52694	106,859
01/01/2018 to 12/31/2018	$12.52694	$11.65698	90,326
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00797	$10.09850	15,360
01/01/2011 to 12/31/2011	$10.09850	$10.14512	25,213
01/01/2012 to 12/31/2012	$10.14512	$10.43537	79,837
01/01/2013 to 12/31/2013	$10.43537	$10.02994	74,312
01/01/2014 to 12/31/2014	$10.02994	$9.84500	46,640
01/01/2015 to 12/31/2015	$9.84500	$9.71957	37,268
01/01/2016 to 12/31/2016	$9.71957	$9.70619	24,693
01/01/2017 to 12/31/2017	$9.70619	$9.69948	10,022
01/01/2018 to 12/31/2018	$9.69948	$9.59985	5,084
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00690	$10.37151	77,058
01/01/2011 to 12/31/2011	$10.37151	$10.51419	160,743
01/01/2012 to 12/31/2012	$10.51419	$11.29299	328,827
01/01/2013 to 12/31/2013	$11.29299	$10.89150	287,416
01/01/2014 to 12/31/2014	$10.89150	$11.15372	229,484
01/01/2015 to 12/31/2015	$11.15372	$10.72757	192,853
01/01/2016 to 12/31/2016	$10.72757	$10.98592	169,672
01/01/2017 to 12/31/2017	$10.98592	$11.26500	159,275
01/01/2018 to 12/31/2018	$11.26500	$10.99380	125,051
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97772	$10.85132	55,360
01/01/2011 to 12/31/2011	$10.85132	$10.40307	191,947
01/01/2012 to 12/31/2012	$10.40307	$11.62338	326,355
01/01/2013 to 12/31/2013	$11.62338	$14.01007	456,099
01/01/2014 to 12/31/2014	$14.01007	$14.72777	538,820
01/01/2015 to 12/31/2015	$14.72777	$14.54716	520,453
01/01/2016 to 12/31/2016	$14.54716	$15.27026	411,425
01/01/2017 to 12/31/2017	$15.27026	$17.68776	495,981
01/01/2018 to 12/31/2018	$17.68776	$16.29611	421,597
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99855	$11.65291	0
01/01/2014 to 12/31/2014	$11.65291	$13.00714	1,253
01/01/2015 to 12/31/2015	$13.00714	$12.32303	1,205
01/01/2016 to 12/31/2016	$12.32303	$13.91121	1,827
01/01/2017 to 12/31/2017	$13.91121	$16.18384	1,701
01/01/2018 to 12/31/2018	$16.18384	$15.14147	2,005
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95994	$11.80558	608
01/01/2011 to 12/31/2011	$11.80558	$12.36368	5,148
01/01/2012 to 12/31/2012	$12.36368	$14.01142	39,913
01/01/2013 to 12/31/2013	$14.01142	$14.19752	41,259
01/01/2014 to 12/31/2014	$14.19752	$18.26133	38,173
01/01/2015 to 12/31/2015	$18.26133	$18.81082	22,236
01/01/2016 to 12/31/2016	$18.81082	$19.37222	27,349
01/01/2017 to 12/31/2017	$19.37222	$20.22280	17,740
01/01/2018 to 12/31/2018	$20.22280	$18.92236	12,543

A-69



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97603	$11.03356	140,962
01/01/2011 to 12/31/2011	$11.03356	$10.67767	256,537
01/01/2012 to 12/31/2012	$10.67767	$11.60637	344,261
01/01/2013 to 12/31/2013	$11.60637	$13.08645	382,291
01/01/2014 to 12/31/2014	$13.08645	$13.26266	379,242
01/01/2015 to 12/31/2015	$13.26266	$13.15963	321,351
01/01/2016 to 12/31/2016	$13.15963	$13.47991	260,461
01/01/2017 to 12/31/2017	$13.47991	$15.42626	239,341
01/01/2018 to 12/31/2018	$15.42626	$13.98110	208,629
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97022	$11.56479	577
01/01/2011 to 12/31/2011	$11.56479	$10.79005	1,398
01/01/2012 to 12/31/2012	$10.79005	$13.44257	2,730
01/01/2013 to 12/31/2013	$13.44257	$13.78162	2,533
01/01/2014 to 12/31/2014	$13.78162	$15.42574	1,596
01/01/2015 to 12/31/2015	$15.42574	$15.14226	1,940
01/01/2016 to 12/31/2016	$15.14226	$15.01105	1,963
01/01/2017 to 12/31/2017	$15.01105	$16.35469	2,018
01/01/2018 to 12/31/2018	$16.35469	$15.31028	1,993
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99180	$10.78349	482
01/01/2011 to 12/31/2011	$10.78349	$10.01031	1,499
01/01/2012 to 12/31/2012	$10.01031	$11.76913	3,153
01/01/2013 to 12/31/2013	$11.76913	$15.44191	2,992
01/01/2014 to 12/31/2014	$15.44191	$17.16409	2,594
01/01/2015 to 12/31/2015	$17.16409	$16.08439	9,249
01/01/2016 to 12/31/2016	$16.08439	$17.62748	20,288
01/01/2017 to 12/31/2017	$17.62748	$19.00796	20,772
01/01/2018 to 12/31/2018	$19.00796	$17.08110	18,918
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01987	$11.43545	2,825
01/01/2011 to 12/31/2011	$11.43545	$10.90107	2,149
01/01/2012 to 12/31/2012	$10.90107	$12.81077	12,362
01/01/2013 to 12/31/2013	$12.81077	$16.63853	12,061
01/01/2014 to 12/31/2014	$16.63853	$18.23178	11,109
01/01/2015 to 12/31/2015	$18.23178	$16.89433	18,589
01/01/2016 to 12/31/2016	$16.89433	$16.87237	5,186
01/01/2017 to 12/31/2017	$16.87237	$21.06904	7,083
01/01/2018 to 12/31/2018	$21.06904	$19.79818	6,679
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98829	$10.72009	148,622
01/01/2011 to 12/31/2011	$10.72009	$10.47940	284,287
01/01/2012 to 12/31/2012	$10.47940	$11.33878	457,838
01/01/2013 to 12/31/2013	$11.33878	$12.23442	394,386
01/01/2014 to 12/31/2014	$12.23442	$12.50612	381,042
01/01/2015 to 12/31/2015	$12.50612	$12.17554	303,042
01/01/2016 to 12/31/2016	$12.17554	$12.59168	251,052
01/01/2017 to 12/31/2017	$12.59168	$13.89158	203,908
01/01/2018 to 12/31/2018	$13.89158	$12.68395	134,326

A-70



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96518	$11.51063	1,574
01/01/2011 to 12/31/2011	$11.51063	$11.45679	2,396
01/01/2012 to 12/31/2012	$11.45679	$13.02209	10,993
01/01/2013 to 12/31/2013	$13.02209	$17.76015	9,355
01/01/2014 to 12/31/2014	$17.76015	$18.70544	9,414
01/01/2015 to 12/31/2015	$18.70544	$17.36832	3,815
01/01/2016 to 12/31/2016	$17.36832	$21.21391	14,554
01/01/2017 to 12/31/2017	$21.21391	$23.38408	3,450
01/01/2018 to 12/31/2018	$23.38408	$19.74150	3,527
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99855	$9.86040	17,924
01/01/2011 to 12/31/2011	$9.86040	$9.69018	94,379
01/01/2012 to 12/31/2012	$9.69018	$9.52120	32,000
01/01/2013 to 12/31/2013	$9.52120	$9.35451	48,750
01/01/2014 to 12/31/2014	$9.35451	$9.19061	28,613
01/01/2015 to 12/31/2015	$9.19061	$9.02990	25,840
01/01/2016 to 12/31/2016	$9.02990	$8.87249	169,163
01/01/2017 to 12/31/2017	$8.87249	$8.74727	110,330
01/01/2018 to 12/31/2018	$8.74727	$8.70509	22,364
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98452	$10.78171	15,135
01/01/2011 to 12/31/2011	$10.78171	$10.92947	20,124
01/01/2012 to 12/31/2012	$10.92947	$12.22775	38,691
01/01/2013 to 12/31/2013	$12.22775	$12.87634	37,084
01/01/2014 to 12/31/2014	$12.87634	$12.97458	33,611
01/01/2015 to 12/31/2015	$12.97458	$12.29330	23,891
01/01/2016 to 12/31/2016	$12.29330	$13.93812	18,604
01/01/2017 to 12/31/2017	$13.93812	$14.71809	15,132
01/01/2018 to 12/31/2018	$14.71809	$14.17190	10,028
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99054	$10.63757	0
01/01/2011 to 12/31/2011	$10.63757	$10.01439	484
01/01/2012 to 12/31/2012	$10.01439	$11.50030	5,078
01/01/2013 to 12/31/2013	$11.50030	$15.80305	8,220
01/01/2014 to 12/31/2014	$15.80305	$17.66086	3,847
01/01/2015 to 12/31/2015	$17.66086	$15.99209	3,187
01/01/2016 to 12/31/2016	$15.99209	$18.83748	3,782
01/01/2017 to 12/31/2017	$18.83748	$22.06105	2,892
01/01/2018 to 12/31/2018	$22.06105	$18.60561	2,483
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92938	$11.27694	120
01/01/2011 to 12/31/2011	$11.27694	$9.64782	1,856
01/01/2012 to 12/31/2012	$9.64782	$11.40938	2,713
01/01/2013 to 12/31/2013	$11.40938	$13.34589	3,681
01/01/2014 to 12/31/2014	$13.34589	$12.38793	3,930
01/01/2015 to 12/31/2015	$12.38793	$12.55430	4,419
01/01/2016 to 12/31/2016	$12.55430	$11.86891	4,317
01/01/2017 to 12/31/2017	$11.86891	$15.79310	4,050
01/01/2018 to 12/31/2018	$15.79310	$13.44685	5,094

A-71



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92925	$10.81483	0
01/01/2011 to 12/31/2011	$10.81483	$9.29226	1,340
01/01/2012 to 12/31/2012	$9.29226	$10.65209	1,841
01/01/2013 to 12/31/2013	$10.65209	$12.50310	2,015
01/01/2014 to 12/31/2014	$12.50310	$11.46080	2,171
01/01/2015 to 12/31/2015	$11.46080	$11.35223	2,708
01/01/2016 to 12/31/2016	$11.35223	$11.21869	2,795
01/01/2017 to 12/31/2017	$11.21869	$13.53755	2,626
01/01/2018 to 12/31/2018	$13.53755	$11.15331	2,190
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00678	$10.61892	0
01/01/2011 to 12/31/2011	$10.61892	$11.73180	721,427
01/01/2012 to 12/31/2012	$11.73180	$12.60988	257,180
01/01/2013 to 12/31/2013	$12.60988	$11.99498	24,827
01/01/2014 to 12/31/2014	$11.99498	$12.57818	42,097
01/01/2015 to 12/31/2015	$12.57818	$12.50301	160,864
01/01/2016 to 12/31/2016	$12.50301	$12.80120	176,441
01/01/2017 to 12/31/2017	$12.80120	$13.12019	78,109
01/01/2018 to 12/31/2018	$13.12019	$12.85499	375,206
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97679	$10.89130	41,388
01/01/2011 to 12/31/2011	$10.89130	$10.64008	96,297
01/01/2012 to 12/31/2012	$10.64008	$11.87362	170,252
01/01/2013 to 12/31/2013	$11.87362	$13.56520	140,636
01/01/2014 to 12/31/2014	$13.56520	$14.17605	130,776
01/01/2015 to 12/31/2015	$14.17605	$13.78206	152,365
01/01/2016 to 12/31/2016	$13.78206	$14.24783	129,964
01/01/2017 to 12/31/2017	$14.24783	$16.37276	114,222
01/01/2018 to 12/31/2018	$16.37276	$14.89894	101,021
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92190	$10.57658	1,581
01/01/2011 to 12/31/2011	$10.57658	$9.44081	3,859
01/01/2012 to 12/31/2012	$9.44081	$11.30753	9,860
01/01/2013 to 12/31/2013	$11.30753	$12.81614	11,578
01/01/2014 to 12/31/2014	$12.81614	$11.79034	8,276
01/01/2015 to 12/31/2015	$11.79034	$11.26028	8,943
01/01/2016 to 12/31/2016	$11.26028	$11.27738	8,609
01/01/2017 to 12/31/2017	$11.27738	$14.36387	23,667
01/01/2018 to 12/31/2018	$14.36387	$11.64600	22,314
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99855	$10.60650	75,332
01/01/2011 to 12/31/2011	$10.60650	$10.44555	151,898
01/01/2012 to 12/31/2012	$10.44555	$11.36262	162,802
01/01/2013 to 12/31/2013	$11.36262	$12.39541	138,935
01/01/2014 to 12/31/2014	$12.39541	$12.84217	128,325
01/01/2015 to 12/31/2015	$12.84217	$12.59437	111,156
01/01/2016 to 12/31/2016	$12.59437	$12.84941	97,892
01/01/2017 to 12/31/2017	$12.84941	$14.15798	89,524
01/01/2018 to 12/31/2018	$14.15798	$13.19587	84,348

A-72



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97140	$10.79575	644
01/01/2011 to 12/31/2011	$10.79575	$10.67737	2,411
01/01/2012 to 12/31/2012	$10.67737	$12.08337	7,072
01/01/2013 to 12/31/2013	$12.08337	$16.20460	8,291
01/01/2014 to 12/31/2014	$16.20460	$17.43420	7,653
01/01/2015 to 12/31/2015	$17.43420	$18.95058	7,200
01/01/2016 to 12/31/2016	$18.95058	$18.34697	6,626
01/01/2017 to 12/31/2017	$18.34697	$24.48575	6,799
01/01/2018 to 12/31/2018	$24.48575	$23.66738	6,329
AST Legg Mason Diversified Growth Portfolio
11/24/2014* to 12/31/2014	$9.99855	$9.94073	0
01/01/2015 to 12/31/2015	$9.94073	$9.67849	0
01/01/2016 to 12/31/2016	$9.67849	$10.35756	0
01/01/2017 to 12/31/2017	$10.35756	$11.66317	0
01/01/2018 to 12/31/2018	$11.66317	$10.75107	0
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99265	$11.32577	4,345
01/01/2011 to 12/31/2011	$11.32577	$11.02625	11,728
01/01/2012 to 12/31/2012	$11.02625	$12.16189	16,208
01/01/2013 to 12/31/2013	$12.16189	$16.32387	14,548
01/01/2014 to 12/31/2014	$16.32387	$17.73664	14,446
01/01/2015 to 12/31/2015	$17.73664	$19.18145	11,958
01/01/2016 to 12/31/2016	$19.18145	$19.89744	10,601
01/01/2017 to 12/31/2017	$19.89744	$25.99973	9,105
01/01/2018 to 12/31/2018	$25.99973	$24.85560	7,706
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98768	$10.91439	569
01/01/2011 to 12/31/2011	$10.91439	$10.38774	2,245
01/01/2012 to 12/31/2012	$10.38774	$12.56100	3,063
01/01/2013 to 12/31/2013	$12.56100	$15.75160	3,033
01/01/2014 to 12/31/2014	$15.75160	$16.03772	3,135
01/01/2015 to 12/31/2015	$16.03772	$15.52614	3,005
01/01/2016 to 12/31/2016	$15.52614	$16.34003	2,841
01/01/2017 to 12/31/2017	$16.34003	$19.88229	2,372
01/01/2018 to 12/31/2018	$19.88229	$17.66651	3,498
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99855	$10.88984	264
01/01/2011 to 12/31/2011	$10.88984	$10.63594	1,273
01/01/2012 to 12/31/2012	$10.63594	$12.23483	5,168
01/01/2013 to 12/31/2013	$12.23483	$16.43313	5,217
01/01/2014 to 12/31/2014	$16.43313	$17.55182	2,399
01/01/2015 to 12/31/2015	$17.55182	$18.49137	2,135
01/01/2016 to 12/31/2016	$18.49137	$18.51571	2,074
01/01/2017 to 12/31/2017	$18.51571	$23.77910	2,631
01/01/2018 to 12/31/2018	$23.77910	$23.86296	2,112
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99855	$10.19294	0
01/01/2013 to 12/31/2013	$10.19294	$13.47007	0
01/01/2014 to 12/31/2014	$13.47007	$14.58654	0
01/01/2015 to 12/31/2015	$14.58654	$14.22763	0
01/01/2016 to 12/31/2016	$14.22763	$15.85876	1,021
01/01/2017 to 12/31/2017	$15.85876	$18.28388	959
01/01/2018 to 12/31/2018	$18.28388	$16.13891	968

A-73



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99110	$11.25415	1,358
01/01/2011 to 12/31/2011	$11.25415	$10.78277	3,655
01/01/2012 to 12/31/2012	$10.78277	$12.40835	8,885
01/01/2013 to 12/31/2013	$12.40835	$17.31263	11,620
01/01/2014 to 12/31/2014	$17.31263	$19.43362	6,290
01/01/2015 to 12/31/2015	$19.43362	$18.01719	4,952
01/01/2016 to 12/31/2016	$18.01719	$20.92974	5,487
01/01/2017 to 12/31/2017	$20.92974	$23.40007	7,314
01/01/2018 to 12/31/2018	$23.40007	$19.20825	6,271
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99855	$10.31667	14,557
01/01/2013 to 12/31/2013	$10.31667	$12.05335	44,361
01/01/2014 to 12/31/2014	$12.05335	$12.45104	46,801
01/01/2015 to 12/31/2015	$12.45104	$12.08130	46,464
01/01/2016 to 12/31/2016	$12.08130	$12.38336	44,161
01/01/2017 to 12/31/2017	$12.38336	$14.17395	57,804
01/01/2018 to 12/31/2018	$14.17395	$12.77230	42,428
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93903	$11.69549	2,517
01/01/2011 to 12/31/2011	$11.69549	$9.16163	7,758
01/01/2012 to 12/31/2012	$9.16163	$10.61502	12,375
01/01/2013 to 12/31/2013	$10.61502	$10.45258	12,053
01/01/2014 to 12/31/2014	$10.45258	$9.78876	9,032
01/01/2015 to 12/31/2015	$9.78876	$8.00868	10,408
01/01/2016 to 12/31/2016	$8.00868	$8.84155	8,707
01/01/2017 to 12/31/2017	$8.84155	$10.97868	12,338
01/01/2018 to 12/31/2018	$10.97868	$9.27050	13,271
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98952	$10.61539	134,781
01/01/2011 to 12/31/2011	$10.61539	$10.53375	270,726
01/01/2012 to 12/31/2012	$10.53375	$11.42278	485,810
01/01/2013 to 12/31/2013	$11.42278	$12.25678	450,002
01/01/2014 to 12/31/2014	$12.25678	$12.73782	401,403
01/01/2015 to 12/31/2015	$12.73782	$12.53287	369,309
01/01/2016 to 12/31/2016	$12.53287	$12.99436	323,441
01/01/2017 to 12/31/2017	$12.99436	$14.06104	298,180
01/01/2018 to 12/31/2018	$14.06104	$13.42133	255,144
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01847	$10.06887	0
01/01/2012 to 12/31/2012	$10.06887	$10.59579	10,424
01/01/2013 to 12/31/2013	$10.59579	$10.16961	10,395
01/01/2014 to 12/31/2014	$10.16961	$10.59719	11,269
01/01/2015 to 12/31/2015	$10.59719	$10.38389	9,710
01/01/2016 to 12/31/2016	$10.38389	$10.63198	9,305
01/01/2017 to 12/31/2017	$10.63198	$11.03886	16,955
01/01/2018 to 12/31/2018	$11.03886	$10.75653	16,690

A-74



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96354	$11.52850	28,273
01/01/2011 to 12/31/2011	$11.52850	$10.62310	110,504
01/01/2012 to 12/31/2012	$10.62310	$11.78553	201,862
01/01/2013 to 12/31/2013	$11.78553	$13.55074	253,922
01/01/2014 to 12/31/2014	$13.55074	$14.53817	298,038
01/01/2015 to 12/31/2015	$14.53817	$14.19624	474,645
01/01/2016 to 12/31/2016	$14.19624	$15.35626	433,015
01/01/2017 to 12/31/2017	$15.35626	$17.51687	771,499
01/01/2018 to 12/31/2018	$17.51687	$15.90156	671,707
AST QMA Large-Cap Portfolio
04/29/2013* to 12/31/2013	$9.99855	$11.66876	0
01/01/2014 to 12/31/2014	$11.66876	$13.21199	0
01/01/2015 to 12/31/2015	$13.21199	$13.18105	0
01/01/2016 to 12/31/2016	$13.18105	$14.35667	0
01/01/2017 to 12/31/2017	$14.35667	$17.12655	0
01/01/2018 to 12/31/2018	$17.12655	$15.62197	0
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99855	$10.90996	1,251
01/01/2011 to 12/31/2011	$10.90996	$11.08995	1,901
01/01/2012 to 12/31/2012	$11.08995	$12.94442	6,204
01/01/2013 to 12/31/2013	$12.94442	$16.84217	7,753
01/01/2014 to 12/31/2014	$16.84217	$19.39582	8,035
01/01/2015 to 12/31/2015	$19.39582	$19.64317	6,962
01/01/2016 to 12/31/2016	$19.64317	$22.16553	4,434
01/01/2017 to 12/31/2017	$22.16553	$26.62467	4,048
01/01/2018 to 12/31/2018	$26.62467	$24.00701	3,723
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99855	$8.89388	0
01/01/2012 to 12/31/2012	$8.89388	$9.88784	0
01/01/2013 to 12/31/2013	$9.88784	$11.89068	0
01/01/2014 to 12/31/2014	$11.89068	$12.44210	204
01/01/2015 to 12/31/2015	$12.44210	$12.24277	203
01/01/2016 to 12/31/2016	$12.24277	$12.78960	203
01/01/2017 to 12/31/2017	$12.78960	$14.85220	202
01/01/2018 to 12/31/2018	$14.85220	$13.63837	202
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98761	$10.80442	55,196
01/01/2011 to 12/31/2011	$10.80442	$10.42280	76,200
01/01/2012 to 12/31/2012	$10.42280	$11.29307	203,461
01/01/2013 to 12/31/2013	$11.29307	$12.47561	211,709
01/01/2014 to 12/31/2014	$12.47561	$12.88732	205,719
01/01/2015 to 12/31/2015	$12.88732	$12.64079	191,628
01/01/2016 to 12/31/2016	$12.64079	$13.01812	173,870
01/01/2017 to 12/31/2017	$13.01812	$14.86723	151,309
01/01/2018 to 12/31/2018	$14.86723	$13.45138	125,433
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97188	$12.17884	115
01/01/2011 to 12/31/2011	$12.17884	$10.39703	2,465
01/01/2012 to 12/31/2012	$10.39703	$12.26529	5,987
01/01/2013 to 12/31/2013	$12.26529	$16.96880	5,328
01/01/2014 to 12/31/2014	$16.96880	$17.49567	4,794
01/01/2015 to 12/31/2015	$17.49567	$17.41891	4,414
01/01/2016 to 12/31/2016	$17.41891	$18.43243	4,115
01/01/2017 to 12/31/2017	$18.43243	$23.12569	3,524
01/01/2018 to 12/31/2018	$23.12569	$20.25518	3,248

A-75



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96093	$12.63958	1,253
01/01/2011 to 12/31/2011	$12.63958	$12.29711	5,638
01/01/2012 to 12/31/2012	$12.29711	$13.55270	6,243
01/01/2013 to 12/31/2013	$13.55270	$17.99922	7,693
01/01/2014 to 12/31/2014	$17.99922	$18.35966	6,536
01/01/2015 to 12/31/2015	$18.35966	$18.18004	5,815
01/01/2016 to 12/31/2016	$18.18004	$20.01978	5,068
01/01/2017 to 12/31/2017	$20.01978	$24.37473	5,134
01/01/2018 to 12/31/2018	$24.37473	$21.93341	6,321
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96436	$11.48713	157
01/01/2011 to 12/31/2011	$11.48713	$10.61184	754
01/01/2012 to 12/31/2012	$10.61184	$12.31926	6,898
01/01/2013 to 12/31/2013	$12.31926	$16.63069	6,285
01/01/2014 to 12/31/2014	$16.63069	$17.20048	5,238
01/01/2015 to 12/31/2015	$17.20048	$16.17115	5,831
01/01/2016 to 12/31/2016	$16.17115	$20.52886	5,898
01/01/2017 to 12/31/2017	$20.52886	$21.65241	4,569
01/01/2018 to 12/31/2018	$21.65241	$17.63918	2,359
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99224	$10.71167	106,714
01/01/2011 to 12/31/2011	$10.71167	$10.73326	194,274
01/01/2012 to 12/31/2012	$10.73326	$11.96839	478,079
01/01/2013 to 12/31/2013	$11.96839	$13.73841	553,456
01/01/2014 to 12/31/2014	$13.73841	$14.29175	477,005
01/01/2015 to 12/31/2015	$14.29175	$14.04753	590,757
01/01/2016 to 12/31/2016	$14.04753	$14.84347	557,360
01/01/2017 to 12/31/2017	$14.84347	$16.83142	522,840
01/01/2018 to 12/31/2018	$16.83142	$15.65438	453,990
AST T. Rowe Price Growth Opportunities Portfolio
02/10/2014* to 12/31/2014	$9.99855	$10.50266	0
01/01/2015 to 12/31/2015	$10.50266	$10.47362	0
01/01/2016 to 12/31/2016	$10.47362	$10.85152	0
01/01/2017 to 12/31/2017	$10.85152	$12.83758	0
01/01/2018 to 12/31/2018	$12.83758	$11.64846	0
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97113	$11.15658	1,422
01/01/2011 to 12/31/2011	$11.15658	$10.77586	5,045
01/01/2012 to 12/31/2012	$10.77586	$12.44852	25,278
01/01/2013 to 12/31/2013	$12.44852	$17.61549	28,771
01/01/2014 to 12/31/2014	$17.61549	$18.75163	27,625
01/01/2015 to 12/31/2015	$18.75163	$20.18904	22,517
01/01/2016 to 12/31/2016	$20.18904	$20.37179	9,355
01/01/2017 to 12/31/2017	$20.37179	$27.59955	23,172
01/01/2018 to 12/31/2018	$27.59955	$28.16236	34,797
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98616	$10.68707	6,499
01/01/2011 to 12/31/2011	$10.68707	$10.44865	7,684
01/01/2012 to 12/31/2012	$10.44865	$11.64133	11,696
01/01/2013 to 12/31/2013	$11.64133	$15.39843	12,289
01/01/2014 to 12/31/2014	$15.39843	$15.36465	12,323
01/01/2015 to 12/31/2015	$15.36465	$14.18031	11,455
01/01/2016 to 12/31/2016	$14.18031	$14.78659	10,721
01/01/2017 to 12/31/2017	$14.78659	$16.93333	11,121
01/01/2018 to 12/31/2018	$16.93333	$15.02002	33,522

A-76



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85980	$11.49684	1,559
01/01/2011 to 12/31/2011	$11.49684	$9.61076	8,511
01/01/2012 to 12/31/2012	$9.61076	$9.78378	11,606
01/01/2013 to 12/31/2013	$9.78378	$11.09103	9,649
01/01/2014 to 12/31/2014	$11.09103	$9.98573	9,002
01/01/2015 to 12/31/2015	$9.98573	$7.92203	10,772
01/01/2016 to 12/31/2016	$7.92203	$9.69968	8,437
01/01/2017 to 12/31/2017	$9.69968	$10.51259	8,787
01/01/2018 to 12/31/2018	$10.51259	$8.60772	7,944
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98023	$10.32968	5,180
01/01/2011 to 12/31/2011	$10.32968	$10.56776	7,841
01/01/2012 to 12/31/2012	$10.56776	$10.92516	20,052
01/01/2013 to 12/31/2013	$10.92516	$10.33107	22,631
01/01/2014 to 12/31/2014	$10.33107	$10.20677	19,882
01/01/2015 to 12/31/2015	$10.20677	$9.56505	9,354
01/01/2016 to 12/31/2016	$9.56505	$9.80746	4,191
01/01/2017 to 12/31/2017	$9.80746	$9.83298	4,127
01/01/2018 to 12/31/2018	$9.83298	$9.85305	1,670
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98881	$11.52183	123
01/01/2011 to 12/31/2011	$11.52183	$10.92973	1,469
01/01/2012 to 12/31/2012	$10.92973	$12.71518	9,263
01/01/2013 to 12/31/2013	$12.71518	$16.54223	7,359
01/01/2014 to 12/31/2014	$16.54223	$18.68576	5,413
01/01/2015 to 12/31/2015	$18.68576	$17.14548	6,415
01/01/2016 to 12/31/2016	$17.14548	$19.20369	5,413
01/01/2017 to 12/31/2017	$19.20369	$22.36493	4,301
01/01/2018 to 12/31/2018	$22.36493	$18.34033	1,760
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99855	$8.83142	51,400
01/01/2012 to 12/31/2012	$8.83142	$9.63179	9,702
01/01/2013 to 12/31/2013	$9.63179	$11.40350	17,445
01/01/2014 to 12/31/2014	$11.40350	$11.82063	33,453
01/01/2015 to 12/31/2015	$11.82063	$11.54028	61,961
01/01/2016 to 12/31/2016	$11.54028	$12.07860	39,279
01/01/2017 to 12/31/2017	$12.07860	$13.48095	34,940
01/01/2018 to 12/31/2018	$13.48095	$12.58187	27,573
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99855	$10.41878	16,728
01/01/2011 to 12/31/2011	$10.41878	$10.85342	21,871
01/01/2012 to 12/31/2012	$10.85342	$11.50067	55,522
01/01/2013 to 12/31/2013	$11.50067	$11.13076	39,746
01/01/2014 to 12/31/2014	$11.13076	$11.72299	42,028
01/01/2015 to 12/31/2015	$11.72299	$11.66021	31,627
01/01/2016 to 12/31/2016	$11.66021	$12.04654	58,324
01/01/2017 to 12/31/2017	$12.04654	$12.58291	56,238
01/01/2018 to 12/31/2018	$12.58291	$12.08161	98,740

A-77



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Western Asset Emerging Markets Debt Portfolio
08/20/2012* to 12/31/2012	$9.99855	$10.38171	0
01/01/2013 to 12/31/2013	$10.38171	$9.37029	0
01/01/2014 to 12/31/2014	$9.37029	$9.33099	648
01/01/2015 to 12/31/2015	$9.33099	$8.88492	248
01/01/2016 to 12/31/2016	$8.88492	$9.65562	248
01/01/2017 to 12/31/2017	$9.65562	$10.36956	248
01/01/2018 to 12/31/2018	$10.36956	$9.50791	248
PSF Small Capitalization Stock Portfolio
formerly,Prudential Small Capitalization Stock Portfolio
04/30/2018* to 12/31/2018	$9.90732	$8.80145	0
PSF Stock Index Portfolio
formerly,Prudential Stock Index Portfolio
04/30/2018* to 12/31/2018	$9.91801	$9.38993	0
*Denotes the start date of these sub-accounts

A-78



PREMIER RETIREMENT C SERIES
Pruco Life Insurance Company of New Jersey
Prospectus
ACCUMULATION UNIT VALUES: With HAV and HD GRO II OR HAV and GRO Plus II (2.75%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96700	$10.72366	172
01/01/2011 to 12/31/2011	$10.72366	$10.15189	5
01/01/2012 to 12/31/2012	$10.15189	$11.11296	4
01/01/2013 to 12/31/2013	$11.11296	$11.88536	0
01/01/2014 to 12/31/2014	$11.88536	$11.99986	0
01/01/2015 to 12/31/2015	$11.99986	$11.29417	0
01/01/2016 to 12/31/2016	$11.29417	$11.68032	0
01/01/2017 to 12/31/2017	$11.68032	$12.78972	0
01/01/2018 to 12/31/2018	$12.78972	$11.42418	0
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97769	$10.82881	343
01/01/2011 to 12/31/2011	$10.82881	$10.54338	10
01/01/2012 to 12/31/2012	$10.54338	$11.65245	7
01/01/2013 to 12/31/2013	$11.65245	$13.20831	2
01/01/2014 to 12/31/2014	$13.20831	$13.62968	2
01/01/2015 to 12/31/2015	$13.62968	$13.36129	2
01/01/2016 to 12/31/2016	$13.36129	$13.91825	2
01/01/2017 to 12/31/2017	$13.91825	$15.82794	2
01/01/2018 to 12/31/2018	$15.82794	$14.48426	2
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98796	$10.68235	0
01/01/2011 to 12/31/2011	$10.68235	$10.26283	0
01/01/2012 to 12/31/2012	$10.26283	$11.22520	0
01/01/2013 to 12/31/2013	$11.22520	$12.84311	0
01/01/2014 to 12/31/2014	$12.84311	$13.30447	0
01/01/2015 to 12/31/2015	$13.30447	$13.00016	0
01/01/2016 to 12/31/2016	$13.00016	$13.43988	0
01/01/2017 to 12/31/2017	$13.43988	$15.01980	0
01/01/2018 to 12/31/2018	$15.01980	$13.88382	0
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99771	$9.09799	0
01/01/2012 to 12/31/2012	$9.09799	$9.89982	0
01/01/2013 to 12/31/2013	$9.89982	$10.67248	0
01/01/2014 to 12/31/2014	$10.67248	$10.88710	0
01/01/2015 to 12/31/2015	$10.88710	$10.26996	0
01/01/2016 to 12/31/2016	$10.26996	$10.68352	0
01/01/2017 to 12/31/2017	$10.68352	$11.70097	0
01/01/2018 to 12/31/2018	$11.70097	$10.77686	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00713	$10.01555	0
01/01/2011 to 12/31/2011	$10.01555	$9.95961	0
01/01/2012 to 12/31/2012	$9.95961	$10.14002	0
01/01/2013 to 12/31/2013	$10.14002	$9.64682	0
01/01/2014 to 12/31/2014	$9.64682	$9.37250	0
01/01/2015 to 12/31/2015	$9.37250	$9.15881	0
01/01/2016 to 12/31/2016	$9.15881	$9.05325	0
01/01/2017 to 12/31/2017	$9.05325	$8.95516	0
01/01/2018 to 12/31/2018	$8.95516	$8.77255	0

A-79



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00606	$10.28652	0
01/01/2011 to 12/31/2011	$10.28652	$10.32213	0
01/01/2012 to 12/31/2012	$10.32213	$10.97353	0
01/01/2013 to 12/31/2013	$10.97353	$10.47566	0
01/01/2014 to 12/31/2014	$10.47566	$10.61868	0
01/01/2015 to 12/31/2015	$10.61868	$10.10899	0
01/01/2016 to 12/31/2016	$10.10899	$10.24733	0
01/01/2017 to 12/31/2017	$10.24733	$10.40096	0
01/01/2018 to 12/31/2018	$10.40096	$10.04670	0
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00641	$10.55941	0
01/01/2011 to 12/31/2011	$10.55941	$11.66419	0
01/01/2012 to 12/31/2012	$11.66419	$11.99129	0
01/01/2013 to 12/31/2013	$11.99129	$11.29499	0
01/01/2014 to 12/31/2014	$11.29499	$11.27683	0
01/01/2015 to 12/31/2015	$11.27683	$11.05556	0
01/01/2016 to 12/31/2016	$11.05556	$10.92522	0
01/01/2017 to 12/31/2017	$10.92522	$10.70125	0
01/01/2018 to 12/31/2018	$10.70125	$10.48413	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99771	$10.56226	0
01/01/2011 to 12/31/2011	$10.56226	$11.91326	0
01/01/2012 to 12/31/2012	$11.91326	$12.26395	0
01/01/2013 to 12/31/2013	$12.26395	$11.35048	0
01/01/2014 to 12/31/2014	$11.35048	$11.50911	0
01/01/2015 to 12/31/2015	$11.50911	$11.31259	0
01/01/2016 to 12/31/2016	$11.31259	$11.16139	0
01/01/2017 to 12/31/2017	$11.16139	$10.93787	0
01/01/2018 to 12/31/2018	$10.93787	$10.69557	0
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00853	$10.59284	0
01/01/2011 to 12/31/2011	$10.59284	$12.22622	0
01/01/2012 to 12/31/2012	$12.22622	$12.64076	0
01/01/2013 to 12/31/2013	$12.64076	$11.49213	0
01/01/2014 to 12/31/2014	$11.49213	$11.86449	0
01/01/2015 to 12/31/2015	$11.86449	$11.71439	0
01/01/2016 to 12/31/2016	$11.71439	$11.61581	0
01/01/2017 to 12/31/2017	$11.61581	$11.39718	0
01/01/2018 to 12/31/2018	$11.39718	$11.11434	0
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00746	$10.69390	0
01/01/2011 to 12/31/2011	$10.69390	$12.51181	1,184
01/01/2012 to 12/31/2012	$12.51181	$12.99385	609
01/01/2013 to 12/31/2013	$12.99385	$11.75179	221
01/01/2014 to 12/31/2014	$11.75179	$12.30644	219
01/01/2015 to 12/31/2015	$12.30644	$12.18138	221
01/01/2016 to 12/31/2016	$12.18138	$12.08811	219
01/01/2017 to 12/31/2017	$12.08811	$11.94236	217
01/01/2018 to 12/31/2018	$11.94236	$11.62009	214

A-80



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99771	$11.90464	0
01/01/2012 to 12/31/2012	$11.90464	$12.25361	704
01/01/2013 to 12/31/2013	$12.25361	$10.75527	0
01/01/2014 to 12/31/2014	$10.75527	$11.54418	0
01/01/2015 to 12/31/2015	$11.54418	$11.46210	0
01/01/2016 to 12/31/2016	$11.46210	$11.35124	0
01/01/2017 to 12/31/2017	$11.35124	$11.21311	0
01/01/2018 to 12/31/2018	$11.21311	$10.88705	0
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99695	$10.29814	0
01/01/2013 to 12/31/2013	$10.29814	$8.99349	3,062
01/01/2014 to 12/31/2014	$8.99349	$9.84987	0
01/01/2015 to 12/31/2015	$9.84987	$9.83846	0
01/01/2016 to 12/31/2016	$9.83846	$9.75135	0
01/01/2017 to 12/31/2017	$9.75135	$9.64468	0
01/01/2018 to 12/31/2018	$9.64468	$9.35332	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99847	$8.66486	0
01/01/2014 to 12/31/2014	$8.66486	$9.65617	0
01/01/2015 to 12/31/2015	$9.65617	$9.65740	0
01/01/2016 to 12/31/2016	$9.65740	$9.57144	0
01/01/2017 to 12/31/2017	$9.57144	$9.46556	0
01/01/2018 to 12/31/2018	$9.46556	$9.14473	0
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99847	$11.19362	0
01/01/2015 to 12/31/2015	$11.19362	$11.10340	0
01/01/2016 to 12/31/2016	$11.10340	$11.06565	0
01/01/2017 to 12/31/2017	$11.06565	$10.95909	0
01/01/2018 to 12/31/2018	$10.95909	$10.57775	0
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99847	$9.84167	0
01/01/2016 to 12/31/2016	$9.84167	$9.77040	0
01/01/2017 to 12/31/2017	$9.77040	$9.73247	0
01/01/2018 to 12/31/2018	$9.73247	$9.36500	0
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99695	$9.78417	0
01/01/2017 to 12/31/2017	$9.78417	$9.77132	0
01/01/2018 to 12/31/2018	$9.77132	$9.38163	0
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99694	$9.93970	0
01/01/2018 to 12/31/2018	$9.93970	$9.46628	0
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99694	$9.56802	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97688	$10.76246	702
01/01/2011 to 12/31/2011	$10.76246	$10.21302	20
01/01/2012 to 12/31/2012	$10.21302	$11.29456	15
01/01/2013 to 12/31/2013	$11.29456	$13.47532	5
01/01/2014 to 12/31/2014	$13.47532	$14.02148	5
01/01/2015 to 12/31/2015	$14.02148	$13.70864	4
01/01/2016 to 12/31/2016	$13.70864	$14.24399	4
01/01/2017 to 12/31/2017	$14.24399	$16.33179	4
01/01/2018 to 12/31/2018	$16.33179	$14.89271	4

A-81



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99771	$11.55149	0
01/01/2014 to 12/31/2014	$11.55149	$12.76281	0
01/01/2015 to 12/31/2015	$12.76281	$11.96851	0
01/01/2016 to 12/31/2016	$11.96851	$13.37403	0
01/01/2017 to 12/31/2017	$13.37403	$15.40114	0
01/01/2018 to 12/31/2018	$15.40114	$14.26167	0
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95910	$11.70896	0
01/01/2011 to 12/31/2011	$11.70896	$12.13801	0
01/01/2012 to 12/31/2012	$12.13801	$13.61543	0
01/01/2013 to 12/31/2013	$13.61543	$13.65589	0
01/01/2014 to 12/31/2014	$13.65589	$17.38605	0
01/01/2015 to 12/31/2015	$17.38605	$17.72708	0
01/01/2016 to 12/31/2016	$17.72708	$18.07115	0
01/01/2017 to 12/31/2017	$18.07115	$18.67324	0
01/01/2018 to 12/31/2018	$18.67324	$17.29349	0
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97519	$10.94313	0
01/01/2011 to 12/31/2011	$10.94313	$10.48257	0
01/01/2012 to 12/31/2012	$10.48257	$11.27790	0
01/01/2013 to 12/31/2013	$11.27790	$12.58678	0
01/01/2014 to 12/31/2014	$12.58678	$12.62646	0
01/01/2015 to 12/31/2015	$12.62646	$12.40085	0
01/01/2016 to 12/31/2016	$12.40085	$12.57358	0
01/01/2017 to 12/31/2017	$12.57358	$14.24306	0
01/01/2018 to 12/31/2018	$14.24306	$12.77656	0
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96938	$11.47011	0
01/01/2011 to 12/31/2011	$11.47011	$10.59309	0
01/01/2012 to 12/31/2012	$10.59309	$13.06256	0
01/01/2013 to 12/31/2013	$13.06256	$13.25567	0
01/01/2014 to 12/31/2014	$13.25567	$14.68609	0
01/01/2015 to 12/31/2015	$14.68609	$14.26942	0
01/01/2016 to 12/31/2016	$14.26942	$14.00220	0
01/01/2017 to 12/31/2017	$14.00220	$15.10075	0
01/01/2018 to 12/31/2018	$15.10075	$13.99156	0
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99096	$10.69508	0
01/01/2011 to 12/31/2011	$10.69508	$9.82737	0
01/01/2012 to 12/31/2012	$9.82737	$11.43620	0
01/01/2013 to 12/31/2013	$11.43620	$14.85237	0
01/01/2014 to 12/31/2014	$14.85237	$16.34088	0
01/01/2015 to 12/31/2015	$16.34088	$15.15711	0
01/01/2016 to 12/31/2016	$15.15711	$16.44256	0
01/01/2017 to 12/31/2017	$16.44256	$17.55030	0
01/01/2018 to 12/31/2018	$17.55030	$15.60976	0

A-82



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01903	$11.34173	0
01/01/2011 to 12/31/2011	$11.34173	$10.70195	0
01/01/2012 to 12/31/2012	$10.70195	$12.44853	0
01/01/2013 to 12/31/2013	$12.44853	$16.00348	0
01/01/2014 to 12/31/2014	$16.00348	$17.35744	0
01/01/2015 to 12/31/2015	$17.35744	$15.92030	0
01/01/2016 to 12/31/2016	$15.92030	$15.73815	0
01/01/2017 to 12/31/2017	$15.73815	$19.45355	0
01/01/2018 to 12/31/2018	$19.45355	$18.09291	0
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98745	$10.63219	0
01/01/2011 to 12/31/2011	$10.63219	$10.28798	0
01/01/2012 to 12/31/2012	$10.28798	$11.01804	0
01/01/2013 to 12/31/2013	$11.01804	$11.76744	0
01/01/2014 to 12/31/2014	$11.76744	$11.90634	0
01/01/2015 to 12/31/2015	$11.90634	$11.47359	0
01/01/2016 to 12/31/2016	$11.47359	$11.74527	0
01/01/2017 to 12/31/2017	$11.74527	$12.82641	0
01/01/2018 to 12/31/2018	$12.82641	$11.59152	0
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96434	$11.41620	0
01/01/2011 to 12/31/2011	$11.41620	$11.24738	0
01/01/2012 to 12/31/2012	$11.24738	$12.65369	0
01/01/2013 to 12/31/2013	$12.65369	$17.08207	0
01/01/2014 to 12/31/2014	$17.08207	$17.80809	0
01/01/2015 to 12/31/2015	$17.80809	$16.36681	0
01/01/2016 to 12/31/2016	$16.36681	$19.78783	0
01/01/2017 to 12/31/2017	$19.78783	$21.59089	0
01/01/2018 to 12/31/2018	$21.59089	$18.04099	0
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99771	$9.77948	0
01/01/2011 to 12/31/2011	$9.77948	$9.51316	0
01/01/2012 to 12/31/2012	$9.51316	$9.25176	0
01/01/2013 to 12/31/2013	$9.25176	$8.99738	0
01/01/2014 to 12/31/2014	$8.99738	$8.74997	0
01/01/2015 to 12/31/2015	$8.74997	$8.50940	0
01/01/2016 to 12/31/2016	$8.50940	$8.27606	0
01/01/2017 to 12/31/2017	$8.27606	$8.07653	0
01/01/2018 to 12/31/2018	$8.07653	$7.95534	0
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98368	$10.69330	0
01/01/2011 to 12/31/2011	$10.69330	$10.72976	0
01/01/2012 to 12/31/2012	$10.72976	$11.88182	0
01/01/2013 to 12/31/2013	$11.88182	$12.38479	0
01/01/2014 to 12/31/2014	$12.38479	$12.35226	0
01/01/2015 to 12/31/2015	$12.35226	$11.58442	0
01/01/2016 to 12/31/2016	$11.58442	$13.00125	0
01/01/2017 to 12/31/2017	$13.00125	$13.58939	0
01/01/2018 to 12/31/2018	$13.58939	$12.95118	0

A-83



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98970	$10.55041	0
01/01/2011 to 12/31/2011	$10.55041	$9.83148	0
01/01/2012 to 12/31/2012	$9.83148	$11.17513	0
01/01/2013 to 12/31/2013	$11.17513	$15.20013	0
01/01/2014 to 12/31/2014	$15.20013	$16.81409	0
01/01/2015 to 12/31/2015	$16.81409	$15.07030	0
01/01/2016 to 12/31/2016	$15.07030	$17.57158	0
01/01/2017 to 12/31/2017	$17.57158	$20.36979	0
01/01/2018 to 12/31/2018	$20.36979	$17.00338	0
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92854	$11.18449	0
01/01/2011 to 12/31/2011	$11.18449	$9.47146	0
01/01/2012 to 12/31/2012	$9.47146	$11.08653	0
01/01/2013 to 12/31/2013	$11.08653	$12.83645	0
01/01/2014 to 12/31/2014	$12.83645	$11.79377	0
01/01/2015 to 12/31/2015	$11.79377	$11.83050	0
01/01/2016 to 12/31/2016	$11.83050	$11.07121	0
01/01/2017 to 12/31/2017	$11.07121	$14.58230	0
01/01/2018 to 12/31/2018	$14.58230	$12.28865	0
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92841	$10.72599	0
01/01/2011 to 12/31/2011	$10.72599	$9.12230	0
01/01/2012 to 12/31/2012	$9.12230	$10.35044	0
01/01/2013 to 12/31/2013	$10.35044	$12.02540	0
01/01/2014 to 12/31/2014	$12.02540	$10.91075	0
01/01/2015 to 12/31/2015	$10.91075	$10.69743	0
01/01/2016 to 12/31/2016	$10.69743	$10.46436	0
01/01/2017 to 12/31/2017	$10.46436	$12.49919	0
01/01/2018 to 12/31/2018	$12.49919	$10.19223	0
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97595	$10.80195	872
01/01/2011 to 12/31/2011	$10.80195	$10.44554	25
01/01/2012 to 12/31/2012	$10.44554	$11.53760	18
01/01/2013 to 12/31/2013	$11.53760	$13.04727	6
01/01/2014 to 12/31/2014	$13.04727	$13.49604	6
01/01/2015 to 12/31/2015	$13.49604	$12.98737	5
01/01/2016 to 12/31/2016	$12.98737	$13.29018	5
01/01/2017 to 12/31/2017	$13.29018	$15.11747	5
01/01/2018 to 12/31/2018	$15.11747	$13.61580	5
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92106	$10.48980	0
01/01/2011 to 12/31/2011	$10.48980	$9.26818	0
01/01/2012 to 12/31/2012	$9.26818	$10.98758	0
01/01/2013 to 12/31/2013	$10.98758	$12.32685	0
01/01/2014 to 12/31/2014	$12.32685	$11.22470	0
01/01/2015 to 12/31/2015	$11.22470	$10.61084	0
01/01/2016 to 12/31/2016	$10.61084	$10.51919	0
01/01/2017 to 12/31/2017	$10.51919	$13.26240	0
01/01/2018 to 12/31/2018	$13.26240	$10.64273	0

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99771	$10.51949	697
01/01/2011 to 12/31/2011	$10.51949	$10.25469	412
01/01/2012 to 12/31/2012	$10.25469	$11.04117	396
01/01/2013 to 12/31/2013	$11.04117	$11.92221	69
01/01/2014 to 12/31/2014	$11.92221	$12.22615	0
01/01/2015 to 12/31/2015	$12.22615	$11.86820	0
01/01/2016 to 12/31/2016	$11.86820	$11.98571	0
01/01/2017 to 12/31/2017	$11.98571	$13.07238	0
01/01/2018 to 12/31/2018	$13.07238	$12.05929	0
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97056	$10.70715	0
01/01/2011 to 12/31/2011	$10.70715	$10.48218	0
01/01/2012 to 12/31/2012	$10.48218	$11.74163	0
01/01/2013 to 12/31/2013	$11.74163	$15.58607	0
01/01/2014 to 12/31/2014	$15.58607	$16.59806	0
01/01/2015 to 12/31/2015	$16.59806	$17.85824	0
01/01/2016 to 12/31/2016	$17.85824	$17.11392	0
01/01/2017 to 12/31/2017	$17.11392	$22.60856	0
01/01/2018 to 12/31/2018	$22.60856	$21.62910	0
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99181	$11.23275	0
01/01/2011 to 12/31/2011	$11.23275	$10.82462	0
01/01/2012 to 12/31/2012	$10.82462	$11.81764	0
01/01/2013 to 12/31/2013	$11.81764	$15.70050	0
01/01/2014 to 12/31/2014	$15.70050	$16.88573	0
01/01/2015 to 12/31/2015	$16.88573	$18.07533	0
01/01/2016 to 12/31/2016	$18.07533	$18.55975	0
01/01/2017 to 12/31/2017	$18.55975	$24.00594	0
01/01/2018 to 12/31/2018	$24.00594	$22.71469	0
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98684	$10.82492	0
01/01/2011 to 12/31/2011	$10.82492	$10.19791	0
01/01/2012 to 12/31/2012	$10.19791	$12.20578	0
01/01/2013 to 12/31/2013	$12.20578	$15.15062	0
01/01/2014 to 12/31/2014	$15.15062	$15.26888	0
01/01/2015 to 12/31/2015	$15.26888	$14.63132	0
01/01/2016 to 12/31/2016	$14.63132	$15.24199	0
01/01/2017 to 12/31/2017	$15.24199	$18.35819	0
01/01/2018 to 12/31/2018	$18.35819	$16.14522	0
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99771	$10.80059	0
01/01/2011 to 12/31/2011	$10.80059	$10.44170	0
01/01/2012 to 12/31/2012	$10.44170	$11.88889	0
01/01/2013 to 12/31/2013	$11.88889	$15.80610	0
01/01/2014 to 12/31/2014	$15.80610	$16.71032	0
01/01/2015 to 12/31/2015	$16.71032	$17.42562	0
01/01/2016 to 12/31/2016	$17.42562	$17.27151	0
01/01/2017 to 12/31/2017	$17.27151	$21.95638	0
01/01/2018 to 12/31/2018	$21.95638	$21.80823	0

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99771	$10.15434	0
01/01/2013 to 12/31/2013	$10.15434	$13.28266	0
01/01/2014 to 12/31/2014	$13.28266	$14.23729	0
01/01/2015 to 12/31/2015	$14.23729	$13.74561	0
01/01/2016 to 12/31/2016	$13.74561	$15.16601	0
01/01/2017 to 12/31/2017	$15.16601	$17.30783	0
01/01/2018 to 12/31/2018	$17.30783	$15.12088	0
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99026	$11.16162	0
01/01/2011 to 12/31/2011	$11.16162	$10.58549	0
01/01/2012 to 12/31/2012	$10.58549	$12.05705	0
01/01/2013 to 12/31/2013	$12.05705	$16.65147	0
01/01/2014 to 12/31/2014	$16.65147	$18.50134	0
01/01/2015 to 12/31/2015	$18.50134	$16.97827	0
01/01/2016 to 12/31/2016	$16.97827	$19.52280	0
01/01/2017 to 12/31/2017	$19.52280	$21.60569	0
01/01/2018 to 12/31/2018	$21.60569	$17.55366	0
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99771	$10.24525	0
01/01/2013 to 12/31/2013	$10.24525	$11.84816	0
01/01/2014 to 12/31/2014	$11.84816	$12.11446	0
01/01/2015 to 12/31/2015	$12.11446	$11.63504	0
01/01/2016 to 12/31/2016	$11.63504	$11.80493	0
01/01/2017 to 12/31/2017	$11.80493	$13.37481	0
01/01/2018 to 12/31/2018	$13.37481	$11.92888	0
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93818	$11.59963	0
01/01/2011 to 12/31/2011	$11.59963	$8.99411	0
01/01/2012 to 12/31/2012	$8.99411	$10.31451	0
01/01/2013 to 12/31/2013	$10.31451	$10.05322	0
01/01/2014 to 12/31/2014	$10.05322	$9.31891	0
01/01/2015 to 12/31/2015	$9.31891	$7.54656	0
01/01/2016 to 12/31/2016	$7.54656	$8.24682	0
01/01/2017 to 12/31/2017	$8.24682	$10.13652	0
01/01/2018 to 12/31/2018	$10.13652	$8.47169	0
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98867	$10.52841	2,055
01/01/2011 to 12/31/2011	$10.52841	$10.34140	1,145
01/01/2012 to 12/31/2012	$10.34140	$11.09980	1,090
01/01/2013 to 12/31/2013	$11.09980	$11.78897	195
01/01/2014 to 12/31/2014	$11.78897	$12.12687	0
01/01/2015 to 12/31/2015	$12.12687	$11.81034	0
01/01/2016 to 12/31/2016	$11.81034	$12.12097	0
01/01/2017 to 12/31/2017	$12.12097	$12.98281	0
01/01/2018 to 12/31/2018	$12.98281	$12.26539	0
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01763	$10.05117	0
01/01/2012 to 12/31/2012	$10.05117	$10.46916	0
01/01/2013 to 12/31/2013	$10.46916	$9.94579	0
01/01/2014 to 12/31/2014	$9.94579	$10.25860	0
01/01/2015 to 12/31/2015	$10.25860	$9.94976	0
01/01/2016 to 12/31/2016	$9.94976	$10.08414	0
01/01/2017 to 12/31/2017	$10.08414	$10.36371	0
01/01/2018 to 12/31/2018	$10.36371	$9.99517	0

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96270	$11.43400	836
01/01/2011 to 12/31/2011	$11.43400	$10.42906	25
01/01/2012 to 12/31/2012	$10.42906	$11.45211	18
01/01/2013 to 12/31/2013	$11.45211	$13.03341	6
01/01/2014 to 12/31/2014	$13.03341	$13.84084	6
01/01/2015 to 12/31/2015	$13.84084	$13.37784	6
01/01/2016 to 12/31/2016	$13.37784	$14.32425	6
01/01/2017 to 12/31/2017	$14.32425	$16.17402	8
01/01/2018 to 12/31/2018	$16.17402	$14.53219	7
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99771	$10.82053	0
01/01/2011 to 12/31/2011	$10.82053	$10.88734	0
01/01/2012 to 12/31/2012	$10.88734	$12.57847	0
01/01/2013 to 12/31/2013	$12.57847	$16.19961	0
01/01/2014 to 12/31/2014	$16.19961	$18.46617	0
01/01/2015 to 12/31/2015	$18.46617	$18.51138	0
01/01/2016 to 12/31/2016	$18.51138	$20.67640	0
01/01/2017 to 12/31/2017	$20.67640	$24.58407	0
01/01/2018 to 12/31/2018	$24.58407	$21.94004	0
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99771	$8.83297	0
01/01/2012 to 12/31/2012	$8.83297	$9.71986	0
01/01/2013 to 12/31/2013	$9.71986	$11.56990	0
01/01/2014 to 12/31/2014	$11.56990	$11.98312	0
01/01/2015 to 12/31/2015	$11.98312	$11.67109	0
01/01/2016 to 12/31/2016	$11.67109	$12.06855	0
01/01/2017 to 12/31/2017	$12.06855	$13.87272	0
01/01/2018 to 12/31/2018	$13.87272	$12.60861	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98677	$10.71579	0
01/01/2011 to 12/31/2011	$10.71579	$10.23226	0
01/01/2012 to 12/31/2012	$10.23226	$10.97355	0
01/01/2013 to 12/31/2013	$10.97355	$11.99941	0
01/01/2014 to 12/31/2014	$11.99941	$12.26924	0
01/01/2015 to 12/31/2015	$12.26924	$11.91209	0
01/01/2016 to 12/31/2016	$11.91209	$12.14307	0
01/01/2017 to 12/31/2017	$12.14307	$13.72719	0
01/01/2018 to 12/31/2018	$13.72719	$12.29278	0
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97104	$12.07901	0
01/01/2011 to 12/31/2011	$12.07901	$10.20705	0
01/01/2012 to 12/31/2012	$10.20705	$11.91843	0
01/01/2013 to 12/31/2013	$11.91843	$16.32126	0
01/01/2014 to 12/31/2014	$16.32126	$16.65666	0
01/01/2015 to 12/31/2015	$16.65666	$16.41481	0
01/01/2016 to 12/31/2016	$16.41481	$17.19356	0
01/01/2017 to 12/31/2017	$17.19356	$21.35257	0
01/01/2018 to 12/31/2018	$21.35257	$18.51052	0

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96009	$12.53600	0
01/01/2011 to 12/31/2011	$12.53600	$12.07235	0
01/01/2012 to 12/31/2012	$12.07235	$13.16924	0
01/01/2013 to 12/31/2013	$13.16924	$17.31206	0
01/01/2014 to 12/31/2014	$17.31206	$17.47895	0
01/01/2015 to 12/31/2015	$17.47895	$17.13180	0
01/01/2016 to 12/31/2016	$17.13180	$18.67407	0
01/01/2017 to 12/31/2017	$18.67407	$22.50563	0
01/01/2018 to 12/31/2018	$22.50563	$20.04400	0
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96352	$11.39297	0
01/01/2011 to 12/31/2011	$11.39297	$10.41785	0
01/01/2012 to 12/31/2012	$10.41785	$11.97090	0
01/01/2013 to 12/31/2013	$11.97090	$15.99607	0
01/01/2014 to 12/31/2014	$15.99607	$16.37571	0
01/01/2015 to 12/31/2015	$16.37571	$15.23896	0
01/01/2016 to 12/31/2016	$15.23896	$19.14926	0
01/01/2017 to 12/31/2017	$19.14926	$19.99239	0
01/01/2018 to 12/31/2018	$19.99239	$16.11998	0
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99140	$10.62382	0
01/01/2011 to 12/31/2011	$10.62382	$10.53707	0
01/01/2012 to 12/31/2012	$10.53707	$11.62994	0
01/01/2013 to 12/31/2013	$11.62994	$13.21403	0
01/01/2014 to 12/31/2014	$13.21403	$13.60632	0
01/01/2015 to 12/31/2015	$13.60632	$13.23766	0
01/01/2016 to 12/31/2016	$13.23766	$13.84577	0
01/01/2017 to 12/31/2017	$13.84577	$15.54092	0
01/01/2018 to 12/31/2018	$15.54092	$14.30626	0
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97029	$11.06509	0
01/01/2011 to 12/31/2011	$11.06509	$10.57896	0
01/01/2012 to 12/31/2012	$10.57896	$12.09650	0
01/01/2013 to 12/31/2013	$12.09650	$16.94341	0
01/01/2014 to 12/31/2014	$16.94341	$17.85268	0
01/01/2015 to 12/31/2015	$17.85268	$19.02559	0
01/01/2016 to 12/31/2016	$19.02559	$19.00297	0
01/01/2017 to 12/31/2017	$19.00297	$25.48412	0
01/01/2018 to 12/31/2018	$25.48412	$25.73761	0
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98532	$10.59935	0
01/01/2011 to 12/31/2011	$10.59935	$10.25763	0
01/01/2012 to 12/31/2012	$10.25763	$11.31190	0
01/01/2013 to 12/31/2013	$11.31190	$14.81056	0
01/01/2014 to 12/31/2014	$14.81056	$14.62760	0
01/01/2015 to 12/31/2015	$14.62760	$13.36264	0
01/01/2016 to 12/31/2016	$13.36264	$13.79254	0
01/01/2017 to 12/31/2017	$13.79254	$15.63487	0
01/01/2018 to 12/31/2018	$15.63487	$13.72626	0

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85896	$11.40251	0
01/01/2011 to 12/31/2011	$11.40251	$9.43499	0
01/01/2012 to 12/31/2012	$9.43499	$9.50688	0
01/01/2013 to 12/31/2013	$9.50688	$10.66755	0
01/01/2014 to 12/31/2014	$10.66755	$9.50673	0
01/01/2015 to 12/31/2015	$9.50673	$7.46513	0
01/01/2016 to 12/31/2016	$7.46513	$9.04745	0
01/01/2017 to 12/31/2017	$9.04745	$9.70630	0
01/01/2018 to 12/31/2018	$9.70630	$7.86602	0
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97939	$10.24482	0
01/01/2011 to 12/31/2011	$10.24482	$10.37455	0
01/01/2012 to 12/31/2012	$10.37455	$10.61596	0
01/01/2013 to 12/31/2013	$10.61596	$9.93654	0
01/01/2014 to 12/31/2014	$9.93654	$9.71700	0
01/01/2015 to 12/31/2015	$9.71700	$9.01330	0
01/01/2016 to 12/31/2016	$9.01330	$9.14801	0
01/01/2017 to 12/31/2017	$9.14801	$9.07875	0
01/01/2018 to 12/31/2018	$9.07875	$9.00420	0
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98797	$11.42724	0
01/01/2011 to 12/31/2011	$11.42724	$10.72987	0
01/01/2012 to 12/31/2012	$10.72987	$12.35534	0
01/01/2013 to 12/31/2013	$12.35534	$15.91067	0
01/01/2014 to 12/31/2014	$15.91067	$17.78949	0
01/01/2015 to 12/31/2015	$17.78949	$16.15699	0
01/01/2016 to 12/31/2016	$16.15699	$17.91292	0
01/01/2017 to 12/31/2017	$17.91292	$20.65002	0
01/01/2018 to 12/31/2018	$20.65002	$16.76056	0
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99771	$8.77077	0
01/01/2012 to 12/31/2012	$8.77077	$9.46811	0
01/01/2013 to 12/31/2013	$9.46811	$11.09563	0
01/01/2014 to 12/31/2014	$11.09563	$11.38453	0
01/01/2015 to 12/31/2015	$11.38453	$11.00146	0
01/01/2016 to 12/31/2016	$11.00146	$11.39766	0
01/01/2017 to 12/31/2017	$11.39766	$12.59191	0
01/01/2018 to 12/31/2018	$12.59191	$11.63189	0
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99771	$10.33336	0
01/01/2011 to 12/31/2011	$10.33336	$10.65525	0
01/01/2012 to 12/31/2012	$10.65525	$11.17547	0
01/01/2013 to 12/31/2013	$11.17547	$10.70590	0
01/01/2014 to 12/31/2014	$10.70590	$11.16093	0
01/01/2015 to 12/31/2015	$11.16093	$10.98822	0
01/01/2016 to 12/31/2016	$10.98822	$11.23709	0
01/01/2017 to 12/31/2017	$11.23709	$11.61831	0
01/01/2018 to 12/31/2018	$11.61831	$11.04128	0
*Denotes the start date of these sub-accounts

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APPENDIX B – HIGHEST DAILY LIFETIME ^® 6 PLUS INCOME BENEFIT, AND SPOUSAL

HIGHEST DAILY LIFETIME ^® 6 PLUS INCOME BENEFIT – NO LONGER AVAILABLE FOR NEW ELECTIONS

These benefits were offered March 15, 2010 to January 23, 2011

Effective September 14, 2012, we are no longer accepting additional Purchase Payments for Annuities that have these benefits.

HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT (HD 6 PLUS)

Highest Daily Lifetime 6 Plus Income Benefit (HD 6 Plus) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. Highest Daily Lifetime 6 Plus is no longer available.

If you have elected this benefit, the benefit guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). Highest Daily Lifetime 6 Plus may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime 6 Plus is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section below entitled “How Highest Daily Lifetime 6 Plus Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

The income benefit under Highest Daily Lifetime 6 Plus currently is based on a single “designated life” who is at least 45 years old on the benefit effective date. The Highest Daily Lifetime 6 Plus Benefit is not available if you elect any other optional living benefit, although you may elect any optional death benefit. As long as your Highest Daily Lifetime 6 Plus Benefit is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under the Highest Daily Lifetime 6 Plus benefit. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is used to calculate the initial Annual Income Amount. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter, until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraphs.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)

the Periodic Value for the immediately preceding business day (the “Prior Valuation Day”) appreciated at the daily equivalent of 6% annually during the calendar day(s) between the Prior Valuation Day and the Current Valuation Day (i.e., one day for successive Valuation Days, but more than one calendar day for Valuation Days that are separated by weekends and/or holidays), plus the amount of any Purchase Payment (including any associated Purchase Credits) made on the Current Valuation Day; and


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 10^th or 20^th benefit anniversary, your Periodic Value on the 10^th or 20^th benefit anniversary is equal to the greater of:


(1)	the Periodic Value described above, or


(2)	the sum of (a), (b) and (c) below proportionally reduced for any Non-Lifetime Withdrawals:


(a)	200% (on the 10 ^th anniversary) or 400% (on the 20 ^th anniversary) of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;

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(b)	200% (on the 10^th anniversary) or 400% (on the 20^th anniversary) of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

In the rider for this benefit, we use slightly different terms for the calculation described. We use the term “Guaranteed Base Value” to refer to the Account Value on the effective date of the benefit, plus the amount of any “adjusted” Purchase Payments made within one year after the effective date of the benefit. “Adjusted” Purchase Payments means Purchase Payments we receive, increased by any Purchase Credits applied to your Account Value in relation to Purchase Payments, and decreased by any fees or tax charges deducted from such Purchase Payments upon allocation to the Annuity.

This means that: if you do not take a Lifetime Withdrawal on or before the 10th benefit anniversary, your Protected Withdrawal Value on the 10^th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election; or if you do not take a withdrawal on or before the 20^th benefit anniversary, your Protected Withdrawal Value on the 20^th anniversary will be at least quadruple (400%) of your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking Lifetime Withdrawals prior to your 10^th or 20^th benefit anniversary, however, these automatic increases will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see below).

Key Feature – Annual Income Amount under Highest Daily Lifetime 6 Plus

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years unless you take a withdrawal of Excess Income, as described below. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 4% for ages 45 – less than 59 ¹ / ₂ ; 5% for ages 59 ¹ / ₂ – 79, and 6% for ages 80 or older. (Note that for purposes of the age tiers used with this benefit, we deem the Annuitant to have reached age 59 ¹ / ₂ on the 183 ^rd day after his/her 59 ^th birthday). Under the Highest Daily Lifetime 6 Plus benefit, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime 6 Plus and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 4% for ages 45 – less than 59¹/₂; 5% for ages 59¹/₂ – 79 and 6% for ages 80 and older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

If your Annuity permits additional Purchase Payments, we may limit any additional Purchase Payment(s) if we determine that as a result of the timing and amounts of your additional Purchase Payments and withdrawals, the Annual Income Amount is being increased in an unintended fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s). We reserve the right to not accept additional Purchase Payments if we are not then offering this benefit for new elections. We will exercise such reservation of right for all annuity purchasers in the same class in a nondiscriminatory manner. Effective September 14, 2012, we no longer permit additional Purchase Payments to Annuities with the Highest Daily Lifetime 6 Plus benefit.

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Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime 6 Plus. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 4% for ages 45 – less than 59¹/₂; 5% for ages 59¹/₂ – 79, and 6% for ages 80 and older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime 6 Plus has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime 6 Plus upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

The Highest Daily Lifetime 6 Plus benefit does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime 6 Plus, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years.

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime 6 Plus benefit or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2010


▪	The Highest Daily Lifetime 6 Plus benefit is elected on August 1, 2011


▪	The Annuitant was 70 years old when he/she elected the Highest Daily Lifetime 6 Plus benefit


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2011, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 59 1/2 and 79 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2011) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 27, 2011 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

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Here is the calculation:



Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00
1.31% Reduction in Annual Income Amount		$78.60
Annual Income Amount for future Annuity Years		$5,921.40

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the Annuitant’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is higher than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.


▪	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

▪


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 5%, generating an Annual Income Amount of $11,675. Since this amount is greater than the current year's Annual Income Amount of $11,400.48 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $11,675.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime 6 Plus. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value” earlier in this prospectus). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with the

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Highest Daily Lifetime 6 Plus benefit. You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under the Highest Daily Lifetime 6 Plus benefit. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Periodic Value guarantees on the tenth and twentieth anniversaries of the benefit effective date (see description in “Key Feature – Protected Withdrawal Value,” above). It will reduce both by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)

Assume the following:


▪	The Issue Date is December 1


▪	The Highest Daily Lifetime 6 Plus benefit is elected on September 1


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected the Highest Daily Lifetime 6 Plus benefit


▪	No previous withdrawals have been taken under the Highest Daily Lifetime 6 Plus benefit

On October 3, the Protected Withdrawal Value is $125,000, the 10th benefit year minimum Periodic Value guarantee is $210,000, and the 20th benefit year minimum Periodic Value guarantee is $420,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with the Highest Daily Lifetime 6 Plus benefit will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
10^th benefit year Minimum Periodic Value		$183,750
20^th benefit year Minimum Periodic Value		$367,500

Required Minimum Distributions

Required Minimum Distributions (“RMD”) for this Annuity must be taken by April 1st in the year following the date you turn age 70 1/2 and by December 31st for subsequent calendar years. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner's lifetime.

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

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Example



First Calendar Year	Annuity Year	Second Calendar Year
01/01/2016 to 12/31/2016	06/01/2016 to 05/31/2017	01/01/2017 to 12/31/2017

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2016 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2017 and 05/31/2017 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus


▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Benefits Under Highest Daily Lifetime 6 Plus

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Highest Daily Lifetime 6 Plus, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the single designated life. After the Account Value is reduced to zero, you will not be permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, the Highest Daily Lifetime 6 Plus benefit terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity, then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

▪

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to shorten the period certain to match life expectancy under applicable Internal Revenue Service tables). The amount that will be applied to provide such annuity payments will be the greater of:

(1)


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Highest Daily Lifetime 6 Plus benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while the Highest Daily Lifetime 6 Plus Benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com.


▪	Transfers to and from the Permitted Sub-accounts, and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to the Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will only apply upon re-allocation of Account Value, or upon addition of subsequent Purchase Payments. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

Any Death Benefit, including any optional Death Benefit that you elected, will terminate if withdrawals taken under Highest Daily Lifetime 6 Plus reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

▪

The current charge for Highest Daily Lifetime 6 Plus is 0.85% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime 6 Plus is 1.50% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.2125% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for the Highest Daily Lifetime 6 Plus benefit would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If this happens and the Annual Income Amount is greater than zero, we will make payments under the benefit.

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Election of and Designations under the Benefit

We no longer permit elections of Highest Daily Lifetime 6 Plus. Previously, for elections of Highest Daily Lifetime 6 Plus, there must have been either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must have been a single natural person Annuitant. In either case, the Annuitant must have been at least 45 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime 6 Plus. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime 6 Plus, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

If you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not have elected Highest Daily Lifetime 6 Plus so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime 6 Plus at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit;


(ii)	your surrender of the Annuity;


(iii)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount);


(iv)	our receipt of Due Proof of Death of the Owner or Annuitant (for entity-owned annuities);


(v)	both the Account Value and Annual Income Amount equal zero; or


(vi)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to change your designations.

Upon termination of Highest Daily Lifetime 6 Plus other than upon the death of the Annuitant or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Custom Portfolios Program for which we are providing administrative support), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, the Highest Daily Lifetime 6 Plus benefit terminates upon Due Proof of Death.

How Highest Daily Lifetime 6 Plus Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

An integral part of Highest Daily Lifetime 6 Plus (including Spousal Highest Daily Lifetime 6 Plus) is the predetermined mathematical formula used to transfer Account Value between the Permitted Sub-accounts and a specified bond fund within the Advanced Series Trust (the AST Investment Grade Bond Sub-account, referred to as the “Bond Sub-account”). This predetermined mathematical formula (“formula”) runs each Valuation Day that the benefit is in effect on your Annuity and, as a result, transfers of Account Value between the Permitted Sub-accounts and the Bond Sub-account can occur on any Valuation Day subject to the conditions described below. Only the predetermined mathematical formula can transfer Account Value to and from the Bond Sub-account, and thus you may not allocate Purchase Payments to or make transfers to or from the Bond Sub-account. We are not providing you with investment advice through the use of the formula nor does the formula constitute an investment strategy that we are recommending to you. The formula by which the transfer operates is designed primarily to mitigate some of the financial risks that we incur in providing the guarantee under Highest Daily Lifetime 6 Plus. The formula is not forward looking and contains no predictive or projective component with respect to the markets, the Account Value or the Protected Withdrawal Value. The formula is described below.

As indicated above, we limit the Sub-accounts to which you may allocate Account Value if you elect Highest Daily Lifetime 6 Plus. For purposes of these benefits, we refer to those permitted Investment Options as the “Permitted Sub-accounts”. Because these restrictions and the use of the

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formula lessen the risk that your Account Value will be reduced to zero while you are still alive, they also reduce the likelihood that we will make any lifetime income payments under this benefit. They may also limit your upside potential for growth.

Generally, the formula, which is applied each Valuation Day, operates as follows. The formula starts by identifying an Income Basis (as defined in Appendix H) for that day and then multiplies that figure by 5%, to produce a projected (i.e., hypothetical) income amount. This amount may be different than the actual Annual Income Amount currently guaranteed under your benefit. Then it produces an estimate of the total amount targeted in the formula, based on the projected income amount and factors set forth in the formula. In the formula, we refer to that value as the “Target Value” or “L”. If you have already made a Lifetime Withdrawal, your projected income amount (and thus your Target Value) would take into account any automatic step-up, any subsequent Purchase Payments (including any associated Purchase Credits), and any withdrawals of Excess Income. Next, the formula subtracts from the Target Value the amount held within the Bond Sub-account on that day, and divides that difference by the amount held within the Permitted Sub-accounts. That ratio, which essentially isolates the amount of your Target Value that is not offset by amounts held within the Bond Sub-account, is called the “Target Ratio” or “r”. If, on each of three consecutive Valuation Days, the Target Ratio is greater than 83% but less than or equal to 84.5%, the formula will, on such third Valuation Day, make a transfer from the Permitted Sub-accounts in which you are invested (subject to the 90% cap discussed below) to the Bond Sub-account. Once a transfer is made, the Target Ratio must again be greater than 83% but less than or equal to 84.5% for three consecutive Valuation Days before a subsequent transfer to the Bond Sub-account will occur. If, however, on any Valuation Day, the Target Ratio is above 84.5%, the formula will make a transfer from the Permitted Sub-accounts (subject to the 90% cap) to the Bond Sub-account (as described above). If the Target Ratio falls below 78% on any Valuation Day, then a transfer from the Bond Sub-account to the Permitted Sub-accounts will occur.

The formula will not execute a transfer to the Bond Sub-account that results in more than 90% of your Account Value being allocated to the Bond Sub-account (“90% cap”) on that Valuation Day. Thus, on any Valuation Day, if the formula would require a transfer to the Bond Sub-account that would result in more than 90% of the Account Value being allocated to the Bond Sub-account, only the amount that results in exactly 90% of the Account Value being allocated to the Bond Sub-account will be transferred. Additionally, future transfers into the Bond Sub-account will not be made (regardless of the performance of the Bond Sub-account and the Permitted Sub-accounts) at least until there is first a transfer out of the Bond Sub-account. Once this transfer occurs out of the Bond Sub-account, future amounts may be transferred to or from the Bond Sub-account if dictated by the formula (subject to the 90% cap). At no time will the formula make a transfer to the Bond Sub-account that results in greater than 90% of your Account Value being allocated to the Bond Sub-account. However, it is possible that, due to the investment performance of your allocations in the Bond Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the Bond Sub-account.


▪	September 4 – a transfer is made to the Bond Sub-account that results in the 90% cap being met and now $90,000 is allocated to the Bond Sub-account and $10,000 is allocated to the Permitted Sub-accounts.


▪	September 5 – you make an additional Purchase Payment of $10,000. No transfers have been made from the Bond Sub-account to the Permitted Sub-accounts since the cap went into effect on September 4.


▪	On September 5 – (and at least until first a transfer is made out of the Bond Sub-account under the formula) – the $10,000 payment is allocated to the Permitted Sub-accounts and on this date you have 82% in the Bond Sub-account and 18% in the Permitted Sub-accounts (such that $20,000 is allocated to the Permitted Sub-accounts and $90,000 to the Bond Sub-account).


▪	Once there is a transfer out of the Bond Sub-account (of any amount), the formula will operate as described above, meaning that the formula could transfer amounts to or from the Bond Sub-account if dictated by the formula (subject to the 90% cap).

Under the formula, investment performance of your Account Value that is negative, flat, or even moderately positive may result in a transfer of a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account because such investment performance will tend to increase the Target Ratio. In deciding how much to transfer, we use another formula, which essentially seeks to reallocate amounts held in the Permitted Sub-accounts and the Bond Sub-account so that the Target Ratio meets a target, which currently is equal to 80%. The further the Target Ratio is from 80% when a transfer is occurring under the formula, the greater the transfer amount will be. Once you elect Highest Daily Lifetime 6 Plus, the values we use to compare to the Target Ratio will be fixed.

Additionally, on each monthly Annuity Anniversary (if the monthly Annuity Anniversary does not fall on a Valuation Day, the next Valuation Day will be used), following all of the above described daily calculations, if there is money allocated to the Bond Sub-account, we will perform an additional monthly calculation to determine whether or not a transfer will be made from the Bond Sub-account to the Permitted Sub-accounts. This transfer will automatically occur provided that the Target Ratio, as described above, would be less than 83% after the transfer. The formula will not execute a transfer if the Target Ratio after this transfer would occur would be greater than or equal to 83%.

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The amount of the transfer will be equal to the lesser of:


(a)	The total value of all your Account Value in the Bond Sub-account, or


(b)	An amount equal to 5% of your total Account Value.

While you are not notified when your Annuity reaches a transfer trigger under the formula, you will receive a confirmation statement indicating the transfer of a portion of your Account Value either to or from the Bond Sub-account. Depending on the results of the calculations of the formula, we may, on any Valuation Day:


▪	Not make any transfer between the Permitted Sub-accounts and the Bond Sub-account; or


▪	If a portion of your Account Value was previously allocated to the Bond Sub-account, transfer all or a portion of those amounts to the Permitted Sub-accounts (as described above); or


▪	Transfer a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account.

Prior to the first Lifetime Withdrawal, the primary driver of transfers to the Bond Sub-account is the difference between your Account Value and your Protected Withdrawal Value. If none of your Account Value is allocated to the Bond Sub-account, then over time the formula permits an increasing difference between the Account Value and the Protected Withdrawal Value before a transfer to the Bond Sub-account occurs. Therefore, as time goes on, while none of your Account Value is allocated to the Bond Sub-account, the smaller the difference between the Protected Withdrawal Value and the Account Value, the more the Account Value can decrease prior to a transfer to the Bond Sub-account.

Each market cycle is unique, therefore the performance of your Sub-accounts, and its impact on your Account Value, will differ from market cycle to market cycle producing different transfer activity under the formula. The amount and timing of transfers to and from the Bond Sub-account pursuant to the formula depend on various factors unique to your Annuity and are not necessarily directly correlated with the securities markets, bond markets, interest rates or any other market or index. Some of the factors that determine the amount and timing of transfers (as applicable to your Annuity), include:


▪	The difference between your Account Value and your Protected Withdrawal Value;


▪	The amount of time Highest Daily Lifetime 6 Plus has been in effect on your Annuity;


▪	The amount allocated to and the performance of the Permitted Sub-accounts and the Bond Sub-account;


▪	Any additional Purchase Payments you make to your Annuity (while the benefit is in effect); and


▪	Any withdrawals you take from your Annuity (while the benefit is in effect).

At any given time, some, most or none of your Account Value will be allocated to the Bond Sub-account, as dictated by the formula.

Because the amount allocated to the Bond Sub-account and the amount allocated to the Permitted Sub-accounts each is a variable in the formula, the investment performance of each affects whether a transfer occurs for your Annuity. The greater the amounts allocated to either the Bond Sub-account or to the Permitted Sub-accounts, the greater the impact performance of that Sub-account has on your Account Value and thus the greater the impact on whether (and how much) your Account Value is transferred to or from the Bond Sub-account. It is possible, under the formula, that if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has positive performance, the formula might transfer a portion of your Account Value to the Permitted Sub-accounts, even if the performance of your Permitted Sub-accounts is negative. Conversely, if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has negative performance, the formula may transfer additional amounts from your Permitted Sub-accounts to the Bond Sub-account even if the performance of your Permitted Sub-accounts is positive.

If you make additional Purchase Payments to your Annuity, they will be allocated in accordance with your Annuity. Once allocated, they will also be subject to the formula described above and therefore may be transferred to the Bond Sub-account, if dictated by the formula and subject to the 90% cap feature described above.

Any Account Value in the Bond Sub-account will not participate in the positive or negative investment experience of the Permitted Sub-accounts until it is transferred out of the Bond Sub-account.

Additional Tax Considerations

If you purchase an annuity as an investment vehicle for “qualified” investments, including an IRA, SEP-IRA, Tax Sheltered Annuity (or 403(b)) or employer plan under Code Section 401(a), the Required Minimum Distribution rules under the Code provide that you begin receiving periodic amounts beginning after age 70¹/₂. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner’s lifetime.

As indicated, withdrawals made while this benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Please see "Tax Considerations" for a detailed discussion of the tax treatment of withdrawals. We do not address each potential tax scenario that could arise with respect to this benefit here. However, we do note that if you participate in Highest Daily Lifetime 6 Plus or Spousal Highest Daily Lifetime 6 Plus through a non-qualified annuity, as with all withdrawals, once all Purchase Payments are returned under the Annuity, all subsequent withdrawal amounts will be taxed as ordinary income.

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SPOUSAL HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT (SHD6 PLUS)

Spousal Highest Daily Lifetime 6 Plus Income Benefit (SHD6 Plus) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. Spousal Highest Daily Lifetime 6 Plus is no longer available for elections.

If you have elected this benefit, the benefit guarantees, until the later death of two natural persons who are each other’s spouses at the time of election of the benefit (the “designated lives”, and each, a “designated life”), the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial principal value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the lives of the designated lives, provided you have not made withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal.” You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue the Spousal Highest Daily Lifetime 6 Plus benefit after the death of the first spouse. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Spousal Highest Daily Lifetime 6 Plus is the pre-determined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime 6 Plus Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime 6 Plus is the spousal version of Highest Daily Lifetime 6 Plus. Currently, if you elect Spousal Highest Daily Lifetime 6 Plus and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. Please note that if you terminate Spousal Highest Daily Lifetime 6 Plus and elect another benefit, you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. See “Termination of Existing Benefits and Election of New Benefits” for details.

Spousal Highest Daily Lifetime 6 Plus must be elected based on two designated lives, as described below. The youngest designated life must have been at least 50 years old and the oldest designated life must have been at least 55 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime 6 Plus benefit due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime 6 Plus is not available if you elect any other optional living benefit, although you may elect any optional death benefit.

As long as your Spousal Highest Daily Lifetime 6 Plus benefit is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under the Spousal Highest Daily Lifetime 6 Plus benefit. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is used to calculate the initial Annual Income Amount. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

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If you have not made a Lifetime Withdrawal on or before the 10^th or 20^th benefit anniversary, your Periodic Value on the 10^th or 20^th benefit anniversary of the benefit effective date is equal to the greater of:


(1)	the Periodic Value described above or,


(2)	the sum of (a), (b) and (c) proportionally reduced for any Non-Lifetime Withdrawal:


(a)	200% (on the 10^th anniversary) or 400% (on the 20^th anniversary) of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% (on the 10^th anniversary) or 400% (on the 20^th anniversary) of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

In the rider for this benefit, as respects the preceding paragraph, we use the term “Guaranteed Base Value” to refer to the Account Value on the effective date of the benefit, plus the amount of any “adjusted” Purchase Payments made within one year after the effective date of the benefit. “Adjusted” Purchase Payments means Purchase Payments we receive, increased by any Purchase Credits applied to your Account Value in relation to Purchase Payments, and decreased by any fees or tax charges deducted from such Purchase Payments upon allocation to the Annuity.

This means that: if you do not take a Lifetime Withdrawal on or before the 10^th anniversary of the benefit, your Protected Withdrawal Value on the 10^th Anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election; or if you do not take a withdrawal on or before the 20^th anniversary of the benefit, your Protected Withdrawal Value on the 20^th anniversary will be at least quadruple (400%) of your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking Lifetime Withdrawals prior to your 10^th or 20^th benefit anniversary, however, these automatic increases will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see below).

Key Feature – Annual Income Amount under the Spousal Highest Daily Lifetime 6 Plus Benefit

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the younger designated life on the date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 4% for ages 50-64, 5% for ages 65-84, and 6% for ages 85 and older. We use the age of the younger designated life even if that designated life is no longer a participant under the Annuity due to death or divorce. Under the Spousal Highest Daily Lifetime 6 Plus benefit, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime 6 Plus and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 4% for ages 50-64, 5% for ages 65-84, and 6% for ages 85 and older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

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fashion. Among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s). We reserve the right to not accept additional Purchase Payments if we are not then offering this benefit for new elections. We will exercise such reservation of right for all annuity purchasers in the same class in a nondiscriminatory manner. Effective September 14, 2012, we no longer permit additional Purchase Payments to Annuities with the Spousal Highest Daily Lifetime 6 Plus benefit.

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of this benefit. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the younger designated life on the Annuity Anniversary as of which the step-up would occur. The percentages are 4% for ages 50-64, 5% for ages 65-84, and 6% for ages 85 and older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime 6 Plus has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime 6 Plus upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

The Spousal Highest Daily Lifetime 6 Plus benefit does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime 6 Plus, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Annual Income Amount in any Annuity Year, you cannot carry-over the unused portion of the Annual Income Amount to subsequent Annuity Years.

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime 6 Plus benefit or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2010


▪	The Spousal Highest Daily Lifetime 6 Plus benefit is elected on August 1, 2011


▪	The younger designated life was 70 years old when he/she elected the Spousal Highest Daily Lifetime 6 Plus benefit


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2011, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the younger designated life is between the ages of 65 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2011) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500).

Example of Proportional Reductions

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Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there were other withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00
1.31% Reduction in Annual Income Amount		$78.60
Annual Income Amount for future Annuity Years		$5,921.40

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the younger designated life’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


▪	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

▪

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime 6 Plus. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your

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Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value” earlier in this prospectus). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with the Spousal Highest Daily Lifetime 6 Plus benefit. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under the Spousal Highest Daily Lifetime 6 Plus benefit. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

Example – Non-Lifetime Withdrawal (proportional reduction)

Assume the following:


▪	The Issue Date is December 1, 2010


▪	The Spousal Highest Daily Lifetime 6 Plus benefit is elected on September 1, 2011


▪	The Account Value at benefit election was $105,000


▪	The younger designated life was 70 years old when he/she elected the Spousal Highest Daily Lifetime 6 Plus benefit


▪	No previous withdrawals have been taken under the Spousal Highest Daily Lifetime 6 Plus benefit

On October 3, 2011 the Protected Withdrawal Value is $125,000, the 10 ^th benefit year minimum Periodic Value guarantee is $210,000 and the 20 ^th benefit year minimum Periodic Value guarantee is $420,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3, 2011 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with the Spousal Highest Daily Lifetime 6 Plus benefit will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
10^th benefit year Minimum Periodic Value		$183,750
20^th benefit year Minimum Periodic Value		$367,500

Required Minimum Distributions

See the sub-section entitled “Required Minimum Distributions” in the section above concerning Highest Daily Lifetime 6 Plus for a discussion of the relationship between the RMD amount and the Annual Income Amount.

Benefits Under Spousal Highest Daily Lifetime 6 Plus

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Spousal Highest Daily Lifetime 6 Plus, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the first of the designated lives to die, and will continue to make payments until the death of the second designated life. After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative withdrawals in the Annuity Year that reduced your Account Value to zero are more than the Annual Income Amount, the Spousal Highest Daily Lifetime 6 Plus benefit terminates, we will make no further payments

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of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the second designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value to any annuity option available; or

(2)

request that, as of the date annuity payments are to begin, we make annuity payments each year equal to the Annual Income Amount. We will make payments until the first of the designated lives to die, and will continue to make payments until the death of the second designated life. If, due to death of a designated life or divorce prior to Annuitization, only a single designated life remains, then annuity payments will be made as a life annuity for the lifetime of the designated life. We must receive your request in a form acceptable to us at our office. If applying your Account Value, less any applicable tax charges, to our current life only (or joint life, depending on the number of designated lives remaining) annuity payment rates results in a higher annual payment, we will give you the higher annual payment.

▪

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime 6 Plus benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while the Spousal Highest Daily Lifetime 6 Plus Benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com.


▪	Transfers to and from the elected Sub-accounts, and the AST Investment Grade Bond Sub-account triggered by the Spousal Highest Daily Lifetime 6 Plus mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes go into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.


▪	Any Death Benefit, including any optional Death Benefit that you elected, will terminate if withdrawals taken under Spousal Highest Daily Lifetime 6 Plus reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your

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Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for Spousal Highest Daily Lifetime 6 Plus

The current charge for Spousal Highest Daily Lifetime 6 Plus is 0.95% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime 6 Plus is 1.50% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.2375% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for the Spousal Highest Daily Lifetime 6 Plus benefit would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

Spousal Highest Daily Lifetime 6 Plus is no longer available. Spousal Highest Daily Lifetime 6 Plus could only be elected based on two designated lives. Designated lives must have been natural persons who are each other’s spouses at the time of election of the benefit. Spousal Highest Daily Lifetime 6 Plus only could be elected if the Owner, Annuitant, and Beneficiary designations were as follows:


▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. The younger Owner/Annuitant and the Beneficiary must be at least 50 years old and the older must be at least 55 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. The younger Owner must be at least 50 years old and the older Owner must be at least 55 years old at the time of election; or

▪

One Annuity Owner, where the Owner is a custodial account established to hold retirement assets for the benefit of the Annuitant pursuant to the provisions of Section 408(a) of the Code (or any successor Code section thereto) (“Custodial Account”), the Beneficiary is the Custodial Account, and the spouse of the Annuitant is the Contingent Annuitant. The younger of the Annuitant and the Contingent Annuitant must be at least 50 years old and the older must be at least 55 years old at the time of election.

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit, however if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. If the designated lives divorce, the Spousal Highest Daily Lifetime 6 Plus benefit may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. Any applicable CDSC will apply to such a withdrawal. The non-owner spouse may then decide whether s/he wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

If you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime 6 Plus so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life, if the surviving spouse opts to take the death benefit under the Annuity (rather than continue the Annuity) or if the surviving spouse is not an eligible designated life;


(ii)	upon the death of the second designated life;


(iii)	your termination of the benefit;

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(iv)	your surrender of the Annuity;


(v)	the latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vi)	both the Account Value and Annual Income Amount equal zero; or


(vii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to change your designations.

Upon termination of Spousal Highest Daily Lifetime 6 Plus other than upon the death of the second Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Custom Portfolios Program), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime 6 Plus Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.

See “How Highest Daily Lifetime 6 Plus Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account” above for information regarding this component of the benefit.

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime 6 Plus above.

FORMULA FOR HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT, AND SPOUSAL

HIGHEST DAILY LIFETIME 6 PLUS INCOME BENEFIT

Please see Appendix H: “Formula for Highest Daily Lifetime Income v2.1 Suite, Highest Daily Lifetime Income 2.0 Suite, Highest Daily Lifetime Income Suite and Highest Daily Lifetime 6 Plus Suite of Living Benefits.”

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APPENDIX C – HIGHEST DAILY LIFETIME ^® INCOME AND SPOUSAL HIGHEST DAILY
LIFETIME ^® INCOME – NO LONGER AVAILABLE FOR NEW ELECTIONS

These benefits were offered January 24, 2011 to August 19, 2012.

Except for Annuities that were issued in Oregon, for Annuities that have one of these benefits, we currently limit additional Purchase Payments made after the benefit has been in effect for one year (the “benefit anniversary”) to $50,000 each benefit year. The benefit year begins on the date you elect an optional living benefit and continues through and includes the day immediately preceding the first anniversary of the date you elected the optional living benefit. Subsequent benefit years begin on the anniversary of the date you elected an optional living benefit and continue through and include the day immediately preceding the next anniversary of the date you elected the benefit.

Notwithstanding the $50,000 limit discussed above, we may further limit, suspend or reject any additional Purchase Payment at any time, but would do so only on a non-discriminatory basis. Circumstances where we may limit, restrict, suspend or reject additional Purchase Payments include, but are not limited to, the following:


▪	if we determine that, as a result of the timing and amounts of your additional Purchase Payments and withdrawals, the Annual Income Amount is being increased in an unintended fashion (among the factors we will use in making a determination as to whether an action is designed to increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s));


▪	if we are not then offering this benefit for new issues; or


▪	if we are offering a modified version of this benefit for new issues.

If we further exercise our right to suspend, reject and/or place limitations on the acceptance of additional Purchase Payments, you may no longer be able to fund the benefit that you elected to the level you originally intended. This means that you may no longer be able to increase the values associated with your optional living benefit through additional Purchase Payments. This would also impact your ability to make annual contributions to certain qualified Annuities.

HIGHEST DAILY LIFETIME INCOME BENEFIT

Highest Daily Lifetime Income is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. We reserve the right, in our sole discretion, to cease offering this benefit, for new elections at any time.

We offer a benefit that guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). Highest Daily Lifetime Income may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime Income is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section below entitled “How Highest Daily Lifetime Income Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

The income benefit under Highest Daily Lifetime Income currently is based on a single “designated life” who is at least 45 years old on the benefit effective date. Highest Daily Lifetime Income is not available if you elect any other optional living benefit, although you may elect any optional death benefit. As long as your Highest Daily Lifetime Income is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Highest Daily Lifetime Income. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus. For example, if the Annuity terminates in this scenario, you would no longer have any optional death benefit that you may have elected (see the Optional Death Benefits section of this prospectus).

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Key Feature – Protected Withdrawal Value

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12 ^th anniversary of the effective date of the benefit, your Periodic Value on the 12th anniversary of the benefit effective date is equal to the greater of:


(1)	the Periodic Value described above, or


(2)	the sum of (a), (b) and (c) below proportionally reduced for any Non-Lifetime Withdrawals:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

This means that if you do not take a Lifetime Withdrawal on or before the 12th benefit anniversary of the benefit, your Protected Withdrawal Value on the 12th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking withdrawals prior to your 12th benefit anniversary, however, this automatic increase will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Key Feature – Annual Income Amount under Highest Daily Lifetime Income

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years unless you take a withdrawal of Excess Income, as described below. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 3% for ages 45-54; 4% for ages 55 to less than 59 1/2; 5% for ages 59 1/2 to 84, and 6% for ages 85 or older. Under Highest Daily Lifetime Income, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

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withdrawals in that Annuity Year to exceed your Annual Income Amount. If you request a net withdrawal, you are more likely to take a withdrawal of Excess Income than if you request a gross withdrawal.

Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime Income and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 3% for ages 45-54; 4% for ages 55 to less than 59¹/₂; 5% for ages 59¹/₂ to 84, and 6% for ages 85 or older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime Income. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 3% for ages 45-54; 4% for ages 55 to less than 59¹/₂; 5% for ages 59¹/₂-84, and 6% for ages 85 or older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime Income has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Income upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

Highest Daily Lifetime Income does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime Income, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Income or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2011


▪	Highest Daily Lifetime Income is elected on August 1, 2012

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▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2012, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 59¹/₂ and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2012) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, 2012 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00
1.31% Reduction in Annual Income Amount		$78.60
Annual Income Amount for future Annuity Years		$5,921.40

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the Annuitant’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.

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▪	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

▪


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 5%, generating an Annual Income Amount of $11,675. Since this amount is greater than the current year's Annual Income Amount of $11,400.48 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $11,675.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime Income. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders - Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Highest Daily Lifetime Income. You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Highest Daily Lifetime Income. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Periodic Value guarantee on the twelfth anniversary of the benefit effective date (see description in “Key Feature – Protected Withdrawal Value,” above). It will reduce both by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)

Assume the following:


▪	The Issue Date is December 1


▪	Highest Daily Lifetime Income is elected on September 4


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income


▪	No previous withdrawals have been taken under Highest Daily Lifetime Income

On October 3, the Protected Withdrawal Value is $125,000, the 12 ^th benefit year minimum Periodic Value guarantee is $210,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Highest Daily Lifetime Income will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
12^th benefit year Minimum Periodic Value		$183,750

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Required Minimum Distributions

Required Minimum Distributions (“RMD”) for this Annuity must be taken by April 1st in the year following the date you turn age 70¹/₂ and by December 31^st for subsequent calendar years. If the annual RMD amount is greater than the Annual Income Amount, a withdrawal of the RMD amount will not be treated as a withdrawal of Excess Income, as long as the RMD amount is calculated by us for this Annuity and administered under a program we support each calendar year. If you are not participating in an RMD withdrawal program each calendar year, you can alternatively satisfy the RMD amount without it being treated as a withdrawal of Excess Income as long as the below rules are applied.

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

Example



First Calendar Year	Annuity Year	Second Calendar Year
01/01/2016 to 12/31/2016	06/01/2016 to 05/31/2017	01/01/2017 to 12/31/2017

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2016 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2017 and 05/31/2017 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus


▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Benefits Under Highest Daily Lifetime Income

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Highest Daily Lifetime Income, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the single designated life. After the Account Value is reduced to zero, you will not be permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Highest Daily Lifetime Income terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity, then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the designated life.


▪	Please note that if your Account Value is reduced to zero, all payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments. Also, any Death Benefit will terminate if withdrawals reduce your Account Value to zero.

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This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

▪

(1)


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under Highest Daily Lifetime Income are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Highest Daily Lifetime Income is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to the Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will only apply upon re-allocation of Account Value, or upon addition of subsequent Purchase Payments. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪


▪	Any Death Benefit, including any optional Death Benefit that you elected, will terminate if withdrawals taken under Highest Daily Lifetime Income reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account

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Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for Highest Daily Lifetime Income Benefit

The current charge for Highest Daily Lifetime Income is 0.95% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime Income is 1.50% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.2375% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Highest Daily Lifetime Income would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If this happens and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

For Highest Daily Lifetime Income, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be at least 45 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Income. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Income, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian or other entity to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

Highest Daily Lifetime Income can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Highest Daily Lifetime Income and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Highest Daily Lifetime Income, you lose the guarantees that you had accumulated under your existing benefit and your guarantees under Highest Daily Lifetime Income will be based on your Account Value on the effective date of Highest Daily Lifetime Income. You and your financial professional should carefully consider whether terminating your existing benefit and electing Highest Daily Lifetime Income is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Highest Daily Lifetime Income so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime Income at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit;


(ii)	your surrender of the Annuity;


(iii)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount);


(iv)	our receipt of Due Proof of Death of the Owner or Annuitant (for entity-owned annuities);


(v)	both the Account Value and Annual Income Amount equal zero; or


(vi)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to change your designations.

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Upon termination of Highest Daily Lifetime Income other than upon the death of the Annuitant or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program for which we are providing administrative support), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, Highest Daily Lifetime Income terminates upon Due Proof of Death. The spouse may newly elect the benefit subject to the restrictions discussed above.

How Highest Daily Lifetime Income Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

An integral part of Highest Daily Lifetime Income (including Spousal Highest Daily Lifetime Income) is the predetermined mathematical formula used to transfer Account Value between the Permitted Sub-accounts and a specified bond fund within the Advanced Series Trust (the AST Investment Grade Bond Sub-account, referred to in this section as the “Bond Sub-account”). This predetermined mathematical formula (“formula”) runs each Valuation Day that the benefit is in effect on your Annuity and, as a result, transfers of Account Value between the Permitted Sub-accounts and the Bond Sub-account can occur on any Valuation Day subject to the conditions described below. Only the predetermined mathematical formula can transfer Account Value to and from the Bond Sub-account, and thus you may not allocate Purchase Payments to or make transfers to or from the Bond Sub-account. We are not providing you with investment advice through the use of the formula, nor does the formula constitute an investment strategy that we are recommending to you. The formula by which the transfer operates is designed primarily to mitigate some of the financial risks that we incur in providing the guarantee under Highest Daily Lifetime Income. The formula is not forward looking and contains no predictive or projective component with respect to the markets, the Account Value or the Protected Withdrawal Value. The formula is set forth in Appendix H (and is described below).

As indicated above, we limit the Sub-accounts to which you may allocate Account Value if you elect Highest Daily Lifetime Income. For purposes of these benefits, we refer to those permitted Investment Options as the “Permitted Sub-accounts”. Because these restrictions and the use of the formula lessen the risk that your Account Value will be reduced to zero while you are still alive, they also reduce the likelihood that we will make any lifetime income payments under this benefit. They may also limit your upside potential for growth.

Generally, the formula, which is applied each Valuation Day, operates as follows. The formula starts by identifying an Income Basis (as defined in Appendix H) for that day and then multiplies that figure by 5%, to produce a projected (i.e., hypothetical) income amount. This amount may be different than the actual Annual Income Amount currently guaranteed under your benefit. Then it produces an estimate of the total amount targeted in the formula, based on the projected income amount and factors set forth in the formula. In the formula, we refer to that value as the “Target Value” or “L”. If you have already made a Lifetime Withdrawal, your projected income amount (and thus your Target Value) would take into account any automatic step-up, any subsequent Purchase Payments (including any associated Purchase Credits with respect to the X Series), and any withdrawals of Excess Income. Next, the formula subtracts from the Target Value the amount held within the Bond Sub-account on that day, and divides that difference by the amount held within the Permitted Sub-accounts. That ratio, which essentially isolates the amount of your Target Value that is not offset by amounts held within the Bond Sub-account, is called the “Target Ratio” or “r”. If, on each of three consecutive Valuation Days, the Target Ratio is greater than 83% but less than or equal to 84.5%, the formula will, on such third Valuation Day, make a transfer from the Permitted Sub-accounts in which you are invested (subject to the 90% cap discussed below) to the Bond Sub-account. Once a transfer is made, the Target Ratio must again be greater than 83% but less than or equal to 84.5% for three consecutive Valuation Days before a subsequent transfer to the Bond Sub-account will occur. If, however, on any Valuation Day, the Target Ratio is above 84.5%, the formula will make a transfer from the Permitted Sub-accounts (subject to the 90% cap) to the Bond Sub-account (as described above). If the Target Ratio falls below 78% on any Valuation Day, then a transfer from the Bond Sub-account to the Permitted Sub-accounts will occur.

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allocations in the Bond Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the Bond Sub-account.


▪	September 4 – a transfer is made to the Bond Sub-account that results in the 90% cap being met and now $90,000 is allocated to the Bond Sub-account and $10,000 is allocated to the Permitted Sub-accounts.


▪	September 5 – you make an additional Purchase Payment of $10,000. No transfers have been made from the Bond Sub-account to the Permitted Sub-accounts since the cap went into effect on September 4.


▪	On September 5 – (and at least until first a transfer is made out of the Bond Sub-account under the formula) – the $10,000 payment is allocated to the Permitted Sub-accounts and on this date you have 82% in the Bond Sub-account and 18% in the Permitted Sub-accounts (such that $20,000 is allocated to the Permitted Sub-accounts and $90,000 to the Bond Sub-account).


▪	Once there is a transfer out of the Bond Sub-account (of any amount), the formula will operate as described above, meaning that the formula could transfer amounts to or from the Bond Sub-account if dictated by the formula (subject to the 90% cap).

Under the formula, investment performance of your Account Value that is negative, flat, or even moderately positive may result in a transfer of a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account because such investment performance will tend to increase the Target Ratio. In deciding how much to transfer, we use another formula, which essentially seeks to reallocate amounts held in the Permitted Sub-accounts and the Bond Sub-account so that the Target Ratio meets a target, which currently is equal to 80%. The further the Target Ratio is from 80% when a transfer is occurring under the formula, the greater the transfer amount will be. Once you elect Highest Daily Lifetime Income, the values we use to compare to the Target Ratio will be fixed. For newly-issued Annuities that elect Highest Daily Lifetime Income and existing Annuities that elect Highest Daily Lifetime Income in the future, however, we reserve the right to change such values.

Additionally, on each monthly Annuity Anniversary (if the monthly Annuity Anniversary does not fall on a Valuation Day, the next Valuation Day will be used), following all of the above described daily calculations, if there is money allocated to the Bond Sub-account, we will perform an additional monthly calculation to determine whether or not a transfer will be made from the Bond Sub-account to the Permitted Sub-accounts. This transfer will automatically occur provided that the Target Ratio, as described above, would be less than 83% after the transfer. The formula will not execute a transfer if the Target Ratio after this transfer would occur would be greater than or equal to 83%.

The amount of the transfer will be equal to the lesser of:


(a)	The total value of all your Account Value in the Bond Sub-account, or


(b)	An amount equal to 5% of your total Account Value.


▪	Not make any transfer between the Permitted Sub-accounts and the Bond Sub-account; or


▪	If a portion of your Account Value was previously allocated to the Bond Sub-account, transfer all or a portion of those amounts to the Permitted Sub-accounts (as described above); or


▪	Transfer a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account.

Prior to the first Lifetime Withdrawal, the primary driver of transfers to the Bond Sub-account is the difference between your Account Value and your Protected Withdrawal Value. If none of your Account Value is allocated to the Bond Sub-account, then over time the formula permits an increasing difference between the Account Value and the Protected Withdrawal Value before a transfer to the Bond Sub-account occurs. Therefore, as time goes on, while none of your Account Value is allocated to the Bond Sub-account, the smaller the difference between the Protected Withdrawal Value and the Account Value, the more the Account Value can decrease prior to a transfer to the Bond Sub-account.

Each market cycle is unique, therefore the performance of your Sub-accounts, and its impact on your Account Value, will differ from market cycle to market cycle producing different transfer activity under the formula. The amount and timing of transfers to and from the Bond Sub-account pursuant to the formula depend on various factors unique to your Annuity and are not necessarily directly correlated with the securities markets, bond markets, interest rates or any other market or index. Some of the factors that determine the amount and timing of transfers (as applicable to your Annuity), include:


▪	The difference between your Account Value and your Protected Withdrawal Value;


▪	The amount of time Highest Daily Lifetime Income has been in effect on your Annuity;

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▪	The amount allocated to and the performance of the Permitted Sub-accounts and the Bond Sub-account;


▪	Any additional Purchase Payments you make to your Annuity (while the benefit is in effect); and


▪	Any withdrawals you take from your Annuity (while the benefit is in effect).

At any given time, some, most or none of your Account Value will be allocated to the Bond Sub-account, as dictated by the formula.

Any Account Value in the Bond Sub-account will not participate in the positive or negative investment experience of the Permitted Sub-accounts until it is transferred out of the Bond Sub-account.

Additional Tax Considerations

If you purchase an annuity as an investment vehicle for “qualified” investments, including an IRA, SEP-IRA, Tax Sheltered Annuity (or 403(b)) or employer plan under Code Section 401(a), the Required Minimum Distribution rules under the Code provide that you begin receiving periodic amounts beginning after age 70¹/₂. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner’s lifetime.

As indicated, withdrawals made while this benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Please see “Tax Considerations” for a detailed discussion of the tax treatment of withdrawals. We do not address each potential tax scenario that could arise with respect to this benefit here. However, we do note that if you participate in Highest Daily Lifetime Income or Spousal Highest Daily Lifetime Income through a non-qualified annuity, as with all withdrawals, once all Purchase Payments are returned under the Annuity, all subsequent withdrawal amounts will be taxed as ordinary income.

SPOUSAL HIGHEST DAILY LIFETIME INCOME BENEFIT

Spousal Highest Daily Lifetime Income is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. We reserve the right, in our sole discretion, to cease offering this benefit for new elections at any time.

We offer a benefit that guarantees, until the later death of two natural persons who are each other’s spouses at the time of election of the benefit (the “designated lives”, and each, a “designated life”), the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial principal value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the lives of the designated lives, provided you have not made withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal.” All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue Spousal Highest Daily Lifetime Income after the death of the first spouse. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Spousal Highest Daily Lifetime Income is the pre-determined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime Income is the spousal version of Highest Daily Lifetime Income. Currently, if you elect Spousal Highest Daily Lifetime Income and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. Please note that if you terminate Spousal Highest Daily Lifetime Income and elect another benefit, you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. See “Termination of Existing Benefits and Election of New Benefits” for details.

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Spousal Highest Daily Lifetime Income must be elected based on two designated lives, as described below. Each designated life must be at least 45 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime Income benefit due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime Income is not available if you elect any other optional living benefit, although you may elect any optional death benefit.

As long as your Spousal Highest Daily Lifetime Income is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Spousal Highest Daily Lifetime Income. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus. For example, if the Annuity terminates in this scenario, you would no longer have any optional death benefit that you may have elected (see the “Optional Death Benefits” section of this prospectus).

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is used to calculate the initial Annual Income Amount. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12 ^th benefit anniversary, your Periodic Value on the 12 ^th benefit anniversary is equal to the greater of:


(1)	the Periodic Value described above or,


(2)	the sum of (a), (b) and (c) proportionally reduced for any Non-Lifetime Withdrawal:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

This means that if you do not take a Lifetime Withdrawal on or before the 12 ^th benefit anniversary of the benefit effective date, your Protected Withdrawal Value on the 12 ^th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking Lifetime Withdrawals prior to your 12 ^th benefit anniversary, however, these automatic increases will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Key Feature – Annual Income Amount under Spousal Highest Daily Lifetime Income

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the younger designated life on the date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 2.5% for ages 45-54, 3.5% for ages 55 to less than 59¹/₂; 4.5% for ages 59¹/₂ to 84, and 5.5% for ages 85 and older. We use the age of the younger designated life even if that designated life is no longer a participant under the Annuity due to death or divorce. Under Spousal Highest Daily Lifetime Income, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any

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Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime Income and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 2.5% for ages 45-54, 3.5% for ages 55 to less than 59¹/₂, 4.5% for ages 59¹/₂ to 84, and 5.5% for ages 85 and older), and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of this benefit. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the younger designated life on the Annuity Anniversary as of which the step-up would occur. The percentages are 2.5% for ages 45-54, 3.5% for ages 55 to less than 59¹/₂, 4.5% for ages 59¹/₂ to 84, and 5.5% for ages 85 and older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime Income has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime Income upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

Spousal Highest Daily Lifetime Income does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime Income, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an

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amount less than the Annual Income Amount in any Annuity Year, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime Income or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2011


▪	Spousal Highest Daily Lifetime Income is elected on August 1, 2012


▪	Both designated lives were 70 years old when they elected Spousal Highest Daily Lifetime Income


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2012 the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $5,400 (since the younger designated life is between the ages of 59 ¹ / ₂ and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 4.5% of the Protected Withdrawal Value, in this case 4.5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2012) is $2,900. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($5,400 less $2,500 = $2,900).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, 2012 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $2,900 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $2,100 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there were other withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” excess withdrawal		$2,900.00
Account Value immediately before excess withdrawal of $2,100		$115,100.00
Excess withdrawal amount		$2,100.00
Ratio ($2,100 / $115,100 = 1.82%)	1.82		%
Annual Income Amount		$5,400.00
1.82% Reduction in Annual Income Amount		$98.28
Annual Income Amount for future Annuity Years		$5,301.72

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the younger designated life’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).

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Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


▪	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

▪

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime Income. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Spousal Highest Daily Lifetime Income. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Spousal Highest Daily Lifetime Income. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Periodic Value guarantee on the twelfth anniversary of the benefit effective date (see description in “Key Feature - Protected Withdrawal Value,” above). It will reduce both by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the time of the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)


▪	The Issue Date is December 1, 2011


▪	Spousal Highest Daily Lifetime Income is elected on September 4, 2012


▪	The Account Value at benefit election was $105,000


▪	Each designated life was 70 years old when he/she elected Spousal Highest Daily Lifetime Income


▪	No previous withdrawals have been taken under Spousal Highest Daily Lifetime Income

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On October 3, 2012, the Protected Withdrawal Value is $125,000, the 12 ^th benefit year minimum Periodic Value guarantee is $210,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3, 2012 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Spousal Highest Daily Lifetime Income will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
12^th benefit year Minimum Periodic Value		$183,750

Required Minimum Distributions

See the sub-section entitled “Required Minimum Distributions” in the prospectus section above concerning Highest Daily Lifetime Income for a discussion of the relationship between the RMD amount and the Annual Income Amount.

Benefits Under Spousal Highest Daily Lifetime Income

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Spousal Highest Daily Lifetime Income, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the first of the designated lives to die, and will continue to make payments until the death of the second designated life. After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Spousal Highest Daily Lifetime Income terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the second designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable state required premium tax, to any annuity option available; or

(2)

▪

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

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Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime Income benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Spousal Highest Daily Lifetime Income is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com.


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the pre-determined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes go into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

Any Death Benefit, including any optional Death Benefit that you elected, will terminate if withdrawals taken under Spousal Highest Daily Lifetime Income reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for Spousal Highest Daily Lifetime Income Benefit

The current charge for Spousal Highest Daily Lifetime Income is 0.95% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime Income is 1.50% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.2375% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Spousal Highest Daily Lifetime Income would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

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Election of and Designations under the Benefit

Spousal Highest Daily Lifetime Income can only be elected based on two designated lives. Designated lives must be natural persons who are each other’s spouses at the time of election of the benefit. Currently, Spousal Highest Daily Lifetime Income only may be elected if the Owner, Annuitant, and Beneficiary designations are as follows:


▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. Each Owner/Annuitant and the Beneficiary must be at least 45 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. Each Owner must be at least 45 years old at the time of election; or

▪

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit, however if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. If the designated lives divorce, Spousal Highest Daily Lifetime Income may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. Any applicable CDSC will apply to such a withdrawal. The non-owner spouse may then decide whether s/he wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

Spousal Highest Daily Lifetime Income can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Spousal Highest Daily Lifetime Income and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Spousal Highest Daily Lifetime Income, you lose the guarantees that you had accumulated under your existing benefit, and your guarantees under Spousal Highest Daily Lifetime Income will be based on your Account Value on the effective date of Spousal Highest Daily Lifetime Income. You and your financial professional should carefully consider whether terminating your existing benefit and electing Spousal Highest Daily Lifetime Income is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime Income so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life, if the surviving spouse opts to take the death benefit under the Annuity (rather than continue the Annuity) or if the surviving spouse is not an eligible designated life;


(ii)	upon the death of the second designated life;


(iii)	your termination of the benefit;


(iv)	your surrender of the Annuity;


(v)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vi)	both the Account Value and Annual Income Amount equal zero; or


(vii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating the benefit, we will send you written notice and provide you with an opportunity to change your designations.

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Upon termination of Spousal Highest Daily Lifetime Income other than upon the death of the second Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime Income Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-Account

See “How Highest Daily Lifetime Income Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account” in the discussion of Highest Daily Lifetime Income above for information regarding this component of the benefit.

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime Income above.

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APPENDIX D – HIGHEST DAILY LIFETIME ^® INCOME 2.0, SPOUSAL HIGHEST DAILY LIFETIME ^® INCOME 2.0, HIGHEST DAILY LIFETIME ^® INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT, AND SPOUSAL HIGHEST DAILY LIFETIME ^® INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT – NO LONGER AVAILABLE FOR NEW ELECTIONS

These benefits were offered August 20, 2012 to February 24, 2013.

HIGHEST DAILY LIFETIME INCOME 2.0 BENEFIT

Highest Daily Lifetime Income 2.0 is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. We reserve the right, in our sole discretion, to cease offering this benefit, for new elections at any time.

We offer a benefit that guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). Highest Daily Lifetime Income 2.0 may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime Income 2.0 is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section below entitled “How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

The income benefit under Highest Daily Lifetime Income 2.0 currently is based on a single “designated life” who is at least 50 years old on the benefit effective date. Highest Daily Lifetime Income 2.0 is not available if you elect any other optional living benefit. As long as your Highest Daily Lifetime Income 2.0 is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Highest Daily Lifetime Income 2.0. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus.

Key Feature – Protected Withdrawal Value

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12^th Anniversary of the effective date of the benefit, your Periodic Value on the 12^th Anniversary of the benefit effective date is equal to the greater of:


(1)	the Periodic Value described above, or


(2)	the sum of (a), (b) and (c) below proportionally reduced for any Non-Lifetime Withdrawals:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and

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(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

This means that if you do not take a Lifetime Withdrawal on or before the 12th benefit anniversary, your Protected Withdrawal Value on the 12th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking Lifetime Withdrawals prior to your 12th benefit anniversary, however, these automatic increases will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Please note that if you elect Highest Daily Lifetime Income 2.0, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Highest Daily Lifetime Income 2.0

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below.. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 3% for ages 50-54; 4% for ages 55 to 64; 5% for ages 65 to 84, and 6% for ages 85 or older. Under Highest Daily Lifetime Income 2.0, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime Income 2.0 and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 3% for ages 50-54; 4% for ages 55 to 64; 5% for ages 65 to 84, and 6% for ages 85 or older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

increase the Annual Income Amount in an unintended fashion is the relative size of additional Purchase Payment(s). We reserve the right to not accept additional Purchase Payments if we are not then offering this benefit for new elections. We will exercise such reservation of right for all annuity purchasers in the same class in a nondiscriminatory manner.

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime Income 2.0. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 3% for ages 50-54; 4% for ages 55 to 64; 5% for ages 65-84, and 6% for

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ages 85 or older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime Income 2.0 has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Income 2.0 upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

Highest Daily Lifetime Income 2.0 does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime Income 2.0, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Income 2.0 or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2012


▪	Highest Daily Lifetime Income 2.0 is elected on August 1, 2013


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income 2.0


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2013, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 65 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2013) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, 2013 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

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Here is the calculation:



Account Value before Lifetime withdrawal		$118,000.00
Amount of “non” Excess Income		$3,500.00
Account Value immediately before Excess Income of $1,500		$114,500.00
Excess Income amount		$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31		%
Annual Income Amount		$6,000.00
1.31% Reduction in Annual Income Amount		$78.60
Annual Income Amount for future Annuity Years		$5,921.40

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the Annuitant’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.


▪	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

▪


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 5%, generating an Annual Income Amount of $11,675. Since this amount is greater than the current year's Annual Income Amount of $11,400.48 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $11,675.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime Income 2.0. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Highest Daily Lifetime Income 2.0.

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You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Highest Daily Lifetime Income 2.0. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

Example – Non-Lifetime Withdrawal (proportional reduction)

Assume the following:


▪	The Issue Date is December 3


▪	Highest Daily Lifetime Income 2.0 is elected on September 4


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income 2.0


▪	No previous withdrawals have been taken under Highest Daily Lifetime Income 2.0

On October 3, the Protected Withdrawal Value is $125,000, the 12 ^th benefit year minimum Periodic Value guarantee is $210,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Highest Daily Lifetime Income 2.0 will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
12^th benefit year Minimum Periodic Value		$183,750

Required Minimum Distributions

Required Minimum Distributions (“RMD”) for this Annuity must be taken by April 1st in the year following the date you turn age 70 ¹ / ₂ and by December 31 ^st for subsequent calendar years. If the annual RMD amount is greater than the Annual Income Amount, a withdrawal of the RMD amount will not be treated as a withdrawal of Excess Income, as long as the RMD amount is calculated by us for this Annuity and administered under a program we support each calendar year. If you are not participating in an RMD withdrawal program each calendar year, you can alternatively satisfy the RMD amount without it being treated as a withdrawal of Excess Income as long as the below rules are applied.

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

Example

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First Calendar Year	Annuity Year	Second Calendar Year
01/01/2016 to 12/31/2016	06/01/2016 to 05/31/2017	01/01/2017 to 12/31/2017

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2016 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2017 and 05/31/2017 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus


▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Benefits Under Highest Daily Lifetime Income 2.0

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and amounts are still payable under Highest Daily Lifetime Income 2.0, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will make payments until the death of the single designated life. After the Account Value is reduced to zero, you will not be permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Highest Daily Lifetime Income 2.0 terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity, then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

▪


(1)	the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be

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calculated using the greater of the single life fixed annuity rates then currently available or the single life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under Highest Daily Lifetime Income 2.0 are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Highest Daily Lifetime Income 2.0 is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to the Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will only apply upon re-allocation of Account Value, or upon addition of subsequent Purchase Payments. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

If you elect this benefit, you may be required to reallocate to different Sub-accounts if you are currently invested in non-permitted Sub-accounts. On the Valuation Day we receive your request in Good Order, we will (i) sell Units of the Sub-accounts and (ii) invest the proceeds of those sales in the Sub-accounts that you have designated. During this reallocation process, your Account Value allocated to the Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

▪

Any Death Benefit will terminate if withdrawals taken under Highest Daily Lifetime Income 2.0 reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for Highest Daily Lifetime Income 2.0 Benefit

The current charge for Highest Daily Lifetime Income 2.0 is 1.00% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime Income 2.0 is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.25% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Highest Daily Lifetime Income 2.0 would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the

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deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If this happens and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

For Highest Daily Lifetime Income 2.0, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be at least 50 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Income 2.0. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Income 2.0, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian or other entity to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

Highest Daily Lifetime Income 2.0 can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Highest Daily Lifetime Income 2.0 and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Highest Daily Lifetime Income 2.0, you lose the guarantees that you had accumulated under your existing benefit and your guarantees under Highest Daily Lifetime Income 2.0 will be based on your Account Value on the effective date of Highest Daily Lifetime Income 2.0. You and your financial professional should carefully consider whether terminating your existing benefit and electing Highest Daily Lifetime Income 2.0 is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Highest Daily Lifetime Income 2.0 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime Income 2.0 at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit;


(ii)	your surrender of the Annuity;


(iii)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount);


(iv)	our receipt of Due Proof of Death of the Owner or Annuitant (for entity-owned annuities);


(v)	both the Account Value and Annual Income Amount equal zero; or


(vi)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating the benefit, we will send you written notice and provide you with an opportunity to change your designations.

Upon termination of Highest Daily Lifetime Income 2.0 other than upon the death of the Annuitant or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program for which we are providing administrative support), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, Highest Daily Lifetime Income 2.0 terminates upon Due Proof of Death. The spouse may newly elect the benefit subject to the restrictions discussed above.

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How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Overview of the Predetermined Mathematical Formula

Our goal is to seek a careful balance between providing value-added products, such as the Highest Daily Lifetime Income 2.0 suite of benefits, while managing the risk to Pruco Life of NJ associated with offering these products. One of the key features that helps us accomplish that balance and an integral part of the Highest Daily Lifetime Income 2.0 suite is the predetermined mathematical formula used to transfer Account Value between the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account, referred to in this section as the “Bond Sub-account”. The formula is designed primarily to mitigate some of the financial risks that we incur in providing the guarantee under the Highest Daily Lifetime Income 2.0 suite of benefits. The formula is not investment advice.

The formula is set forth in Appendix H (and is described below).

However, in addition to providing lifetime income when your Account Value is reduced to zero, Highest Daily Lifetime Income 2.0 can potentially dampen the impact of volatility on your Account Value during extreme market downturns by transferring assets from your chosen investments into the Bond Sub-account as described above. This occurs pursuant to the predetermined mathematical formula, which can limit the possibility or reduce the amount of a significant loss of Account Value, and potentially provide a higher income stream in retirement.

The formula is not forward looking and contains no predictive or projective component with respect to the markets, the Account Value or the Protected Withdrawal Value. We are not providing you with investment advice through the use of the formula nor does the formula constitute an investment strategy that we are recommending to you.

Transfer Activity Under the Formula


▪	The difference between your Account Value and your Protected Withdrawal Value;


▪	The amount of time the benefit has been in effect on your Annuity;


▪	The amount allocated to and the performance of the Permitted Sub-accounts and the Bond Sub-account;


▪	Any additional Purchase Payments you make to your Annuity (while the benefit is in effect); and


▪	Any withdrawals you take from your Annuity (while the benefit is in effect).

At any given time, some, most or none of your Account Value will be allocated to the Bond Sub-account, as dictated by the formula.

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hence a greater impact on if (and how much of) your Account Value is transferred to or from the Bond Sub-account. It is possible that if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has positive performance, the formula might transfer a portion of your Account Value to the Permitted Sub-accounts, even if the performance of your Permitted Sub-accounts is negative. Conversely, if a significant portion of your Account Value is allocated to the Bond Sub-account and that Sub-account has negative performance, the formula may transfer additional amounts from your Permitted Sub-accounts to the Bond Sub-account even if the performance of your Permitted Sub-accounts is positive.

How the Formula Operates

Generally, the formula, which is applied each Valuation Day, takes four steps in determining any applicable transfers within your Annuity.


(1)	First, the formula starts by identifying the value of future income payments we expect to pay. We refer to that value as the “Target Value” or “L”.


(2)	Second, we subtract any amounts invested in the Bond Sub-account (“B”) from the Target Value and divide that number by the amount invested in the Permitted Sub-accounts (“V”). We refer to this resulting value as the “Target Ratio” or “R”.


(3)	Third, we compare the Target Ratio to designated thresholds and other rules described in greater detail below to determine if a transfer needs to occur.


(4)	If a transfer needs to occur, we use another calculation to determine the amount of the transfer.

The Formula is:

R = (L – B)/ V

More specifically, the formula operates as follows:

(1)

We calculate the Target Value (L) by multiplying the Income Basis (as defined in Appendix H) for that day by 5% and by the applicable Annuity Factor found in Appendix H. If you have already made a Lifetime Withdrawal, your Target Value would take into account any automatic step-up, any subsequent Purchase Payments (including any associated Purchase Credits with respect to the X Series), and any withdrawals of Excess Income.

Example (assume the Income Basis is $200,000, and the contract is 11 ¹ / ₂ months old, resulting in an annuity factor of 14.95)

Target Value (L) = $200,000 x 5% x 14.95 = $149,500


(2)	Next, to calculate the Target Ratio (R), the Target Value is reduced by any amount held within the Bond Sub-account (B) on that day. The remaining amount is divided by the amount held within the Permitted Sub-accounts (V).

Example (assume the amount in the Bond Sub-account is zero, and the amount held within the Permitted Sub-accounts is $179,500)

Target Ratio (R) = ($149,500 – 0)/$179,500 = 83.3%

(3)

(4)

The 90% Cap

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account. However, it is possible that, due to the investment performance of your allocations in the Bond Sub-account and your allocations in the Permitted Sub-accounts you have selected, your Account Value could be more than 90% invested in the Bond Sub-account.

Monthly Transfers

The amount of the transfer will be equal to the lesser of:


(a)	The total value of all your Account Value in the Bond Sub-account, or


(b)	An amount equal to 5% of your total Account Value.

Other Important Information


▪	The Bond sub-account is not a Permitted Sub-account. As such, only the formula can transfer Account Value to or from the Bond Sub-account. You may not allocate Purchase Payments or transfer any of your Account Value to or from the Bond Sub-account.

▪


▪	Not make any transfer between the Permitted Sub-accounts and the Bond Sub-account; or


▪	If a portion of your Account Value was previously allocated to the Bond Sub-account, transfer all or a portion of those amounts to the Permitted Sub-accounts (as described above); or


▪	Transfer a portion of your Account Value in the Permitted Sub-accounts to the Bond Sub-account.


▪	If you make additional Purchase Payments to your Annuity, they will be allocated to the Permitted Sub-accounts and will be subject to the formula.


▪	Additional Purchase Payments to your Annuity do not increase “B” within the formula, and may result in an additional Account Value being transferred to the Permitted Sub-accounts, or a transfer to the Bond Sub-account due to the change in the ratio.

▪

Additional Tax Considerations

If you purchase an annuity as an investment vehicle for “qualified” investments, including an IRA, SEP-IRA, Tax Sheltered Annuity (or 403(b)) or employer plan under Code Section 401(a), the Required Minimum Distribution rules under the Code provide that you begin receiving periodic amounts beginning after age 70¹/₂. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than five (5) percent Owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the Owner’s lifetime.

As indicated, withdrawals made while this benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Please see “Tax Considerations” for a detailed discussion of the tax treatment of withdrawals. We do not address each potential tax scenario that could arise with respect to this benefit here. However, we do note that if you participate in Highest Daily Lifetime Income 2.0 or Spousal Highest Daily Lifetime Income 2.0 through a non-qualified annuity, as with all withdrawals, once all Purchase Payments are returned under the Annuity, all subsequent withdrawal amounts will be taxed as ordinary income.

SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0 BENEFIT

Spousal Highest Daily Lifetime Income 2.0 is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. We reserve the right, in our sole discretion, to cease offering this benefit for new elections at any time.

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living benefit. All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue Spousal Highest Daily Lifetime Income 2.0 after the death of the first spouse. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Spousal Highest Daily Lifetime Income 2.0 is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime Income 2.0 is the spousal version of Highest Daily Lifetime Income 2.0. Currently, if you elect Spousal Highest Daily Lifetime Income 2.0 and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. Please note that if you terminate Spousal Highest Daily Lifetime Income 2.0 and elect another benefit, you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. See “Termination of Existing Benefits and Election of New Benefits” for details.

Spousal Highest Daily Lifetime Income 2.0 must be elected based on two designated lives, as described below. Each designated life must be at least 50 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime Income 2.0 benefit due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime Income 2.0 is not available if you elect any other optional living benefit.

As long as your Spousal Highest Daily Lifetime Income 2.0 is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Although you are guaranteed the ability to withdraw your Annual Income Amount for life even if your Account Value falls to zero, if any withdrawal is a withdrawal of Excess Income (as described below) and brings your Account Value to zero, your Annual Income Amount also would fall to zero, and the benefit and the Annuity then would terminate. In that scenario, no further amount would be payable under Spousal Highest Daily Lifetime Income 2.0. As to the impact of such a scenario on any other optional benefit you may have, please see the applicable section in this prospectus.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is only used to calculate the initial Annual Income Amount and the benefit fee. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12^th benefit anniversary, your Periodic Value on the 12^th benefit anniversary is equal to the greater of:


(1)	the Periodic Value described above or,


(2)	the sum of (a), (b) and (c) proportionally reduced for any Non-Lifetime Withdrawal:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

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Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Please note that if you elect Spousal Highest Daily Lifetime Income 2.0, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Spousal Highest Daily Lifetime Income 2.0

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years, as described below. The percentage initially depends on the age of the younger designated life on the date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 2.5% for ages 50-54, 3.5% for ages 55 to 64; 4.5% for ages 65 to 84, and 5.5% for ages 85 and older. We use the age of the younger designated life even if that designated life is no longer a participant under the Annuity due to death or divorce. Under Spousal Highest Daily Lifetime Income 2.0, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime Income 2.0 and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 2.5% for ages 50-54, 3.5% for ages 55 to 64, 4.5% for ages 65 to 84, and 5.5% for ages 85 and older), and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

Highest Daily Auto Step-Up

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Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime Income 2.0 has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime Income 2.0 upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

Spousal Highest Daily Lifetime Income 2.0 does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime Income 2.0, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Annual Income Amount in any Annuity Year, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions, and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime Income 2.0 or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2012


▪	Spousal Highest Daily Lifetime Income 2.0 is elected on August 1, 2013


▪	Both designated lives were 70 years old when they elected Spousal Highest Daily Lifetime Income 2.0


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

4.5% of the Protected Withdrawal Value, in this case 4.5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2013) is $2,900. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($5,400 less $2,500 = $2,900).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, 2013 and the Account Value at the time and immediately prior to this withdrawal is $118,000. The first $2,900 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount of $2,100 reduces the Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there were other withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount).

Here is the calculation:



Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” excess withdrawal		$2,900.00
Account Value immediately before excess withdrawal of $2,100		$115,100.00
Excess withdrawal amount		$2,100.00
Ratio ($2,100/$115,100 = 1.82%)	1.82		%
Annual Income Amount		$5,400.00
1.82% Reduction in Annual Income Amount		$98.28
Annual Income Amount for future Annuity Years		$5,301.72

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Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the younger designated life’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


▪	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

▪

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime Income 2.0. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Spousal Highest Daily Lifetime Income 2.0. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Spousal Highest Daily Lifetime Income 2.0. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

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Example – Non-Lifetime Withdrawal (proportional reduction)


▪	The Issue Date is December 3, 2012


▪	Spousal Highest Daily Lifetime Income 2.0 is elected on September 4, 2013


▪	The Account Value at benefit election was $105,000


▪	Each designated life was 70 years old when he/she elected Spousal Highest Daily Lifetime Income 2.0


▪	No previous withdrawals have been taken under Spousal Highest Daily Lifetime Income 2.0

On October 3, 2013, the Protected Withdrawal Value is $125,000, the 12th benefit year minimum Periodic Value guarantee is $210,000, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3, 2013 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Spousal Highest Daily Lifetime Income 2.0 will be reduced by the ratio of the total withdrawal amount to the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000
Divided by Account Value before withdrawal		$120,000
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375
12th benefit year Minimum Periodic Value		$183,750

Required Minimum Distributions

See the sub-section entitled “Required Minimum Distributions” in the prospectus section above concerning Highest Daily Lifetime Income 2.0 for a discussion of the relationship between the RMD amount and the Annual Income Amount.

Benefits Under Spousal Highest Daily Lifetime Income 2.0

▪

After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Spousal Highest Daily Lifetime Income 2.0 terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted. However, if a partial withdrawal in the latter scenario was taken to satisfy a Required Minimum Distribution (as described above) under the Annuity then the benefit will not terminate, and we will continue to pay the Annual Income Amount in subsequent Annuity Years until the death of the second designated life.

▪


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable state required premium tax, to any annuity option available; or

(2)

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▪

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime Income 2.0 benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Spousal Highest Daily Lifetime Income 2.0 is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the pre-determined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon election of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes go into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

Any Death Benefit will terminate if withdrawals taken under Spousal Highest Daily Lifetime Income 2.0 reduce your Account Value to zero. This means that any Death Benefit is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for the Spousal Highest Daily Lifetime Income v2.0

The current charge for Spousal Highest Daily Lifetime Income 2.0 is 1.10% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime Income 2.0 is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.275% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying

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this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Spousal Highest Daily Lifetime Income 2.0 would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

Spousal Highest Daily Lifetime Income 2.0 can only be elected based on two designated lives. Designated lives must be natural persons who are each other’s spouses at the time of election of the benefit. Currently, Spousal Highest Daily Lifetime Income 2.0 only may be elected if the Owner, Annuitant, and Beneficiary designations are as follows:


▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. Each Owner/Annuitant and the Beneficiary must be at least 50 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. Each Owner must be at least 50 years old at the time of election; or

▪

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit. However, if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. If the designated lives divorce, Spousal Highest Daily Lifetime Income 2.0 may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. Any applicable CDSC will apply to such a withdrawal. The non-owner spouse may then decide whether s/he wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

Spousal Highest Daily Lifetime Income 2.0 can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Spousal Highest Daily Lifetime Income 2.0 and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Spousal Highest Daily Lifetime Income 2.0, you lose the guarantees that you had accumulated under your existing benefit, and your guarantees under Spousal Highest Daily Lifetime Income 2.0 will be based on your Account Value on the effective date of Spousal Highest Daily Lifetime Income 2.0. You and your financial professional should carefully consider whether terminating your existing benefit and electing Spousal Highest Daily Lifetime Income 2.0 is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit. There is no guarantee that any benefit will be available for election at a later date.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime Income 2.0 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life, if the surviving spouse opts to take the death benefit under the Annuity (rather than continue the Annuity) or if the surviving spouse is not an eligible designated life;


(ii)	upon the death of the second designated life;


(iii)	your termination of the benefit;


(iv)	your surrender of the Annuity;

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(v)	the Latest Annuity Date or your election to begin receiving annuity payments (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vi)	both the Account Value and Annual Income Amount equal zero; or


(vii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating the benefit, we will send you written notice and provide you with an opportunity to change your designations.

Upon termination of Spousal Highest Daily Lifetime Income 2.0 other than upon the death of the second Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-Account

See “How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account” in the discussion of Highest Daily Lifetime Income 2.0 above for information regarding this component of the benefit.

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime Income 2.0 above.

HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT

Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit (“HA DB”) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for life. This benefit also provides for a highest annual death benefit, subject to the terms of the benefit. We reserve the right, in our sole discretion, to cease offering this benefit for new elections, at any time.

We offer a benefit that guarantees until the death of the single designated life (the Annuitant) the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the rest of your life provided that you do not take withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal”. You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other partial withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income) (“Guarantee Payments”). Highest Daily Lifetime Income 2.0 with HA DB may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and also wish to provide a death benefit to your beneficiaries. You are not required to take withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. An integral component of Highest Daily Lifetime Income 2.0 with HA DB is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Highest Daily Lifetime Income 2.0 is offered with or without the HA DB component; however, you may only elect HA DB with Highest Daily Lifetime Income 2.0, and you must elect the HA DB benefit at the time you elect Highest Daily Lifetime Income 2.0. If you elect Highest Daily Lifetime Income 2.0 without HA DB and would like to add the feature later, you must first terminate Highest Daily Lifetime Income 2.0 and elect Highest Daily Lifetime Income 2.0 with HA DB (subject to availability and benefit re-election provisions). Please note that if you terminate Highest Daily Lifetime Income 2.0 and elect Highest Daily Lifetime Income 2.0 with HA DB you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes

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active. Highest Daily Lifetime Income 2.0 with HA DB is offered as an alternative to other lifetime withdrawal options. If you elect this benefit, it may not be combined with any other optional living or death benefit.

The income benefit under Highest Daily Lifetime Income 2.0 with HA DB currently is based on a single “designated life” who is between the ages of 50 and 79 on the benefit effective date. As long as your Highest Daily Lifetime Income 2.0 with HA DB is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Key Feature – Protected Withdrawal Value

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12^th benefit anniversary, your Periodic Value on the 12^th benefit anniversary is equal to the greater of:


(1)	the Periodic Value described above, or


(2)	the sum of (a), (b) and (c) below proportionally reduced for any Non-Lifetime Withdrawals:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

This means that if you do not take a withdrawal on or before the 12^th benefit anniversary of the benefit, your Protected Withdrawal Value on the 12^th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking withdrawals prior to your 12^th benefit anniversary, however, this automatic increase will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Please note that if you elect Highest Daily Lifetime Income 2.0 with HA DB, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Highest Daily Lifetime Income 2.0 with HA DB

The Annual Income Amount is equal to a specified percentage of the Protected Withdrawal Value at the first Lifetime Withdrawal and does not reduce in subsequent Annuity Years unless you take a withdrawal of Excess Income, as described below. The percentage initially depends on the age of the Annuitant on the date of the first Lifetime Withdrawal. The percentages are: 3% for ages 50-54; 4% for ages 55 to 64; 5% for ages 65 to 84, and 6% for ages 85 or older. Under Highest Daily Lifetime Income 2.0 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity

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that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Highest Daily Lifetime Income 2.0 with HA DB and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the Annuitant at the time of the first Lifetime Withdrawal (the percentages are: 3% for ages 50 -54 ; 4% for ages 55 to 64; 5% for ages 65 to 84, and 6% for ages 85 or older) and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of Highest Daily Lifetime Income 2.0 with HA DB. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Auto Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the Annuitant on the Annuity Anniversary as of which the step-up would occur. The percentages are: 3% for ages 50-54; 4% for ages 55 to 64; 5% for ages 65-84, and 6% for ages 85 or older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. All daily valuations and annual step-ups will only occur on a Valuation Day. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Highest Daily Lifetime Income 2.0 with HA DB has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Income 2.0 with HA DB upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If you receive notice of a proposed step-up and accompanying fee increase, you should consult with your financial professional and carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges.”

Highest Daily Lifetime Income 2.0 with HA DB does not affect your ability to take partial withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Highest Daily Lifetime Income 2.0 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in

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subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative Lifetime Withdrawals in any Annuity Year are less than the Annual Income Amount, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Income 2.0 with HA DB or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2012


▪	Highest Daily Lifetime Income 2.0 with HA DB is elected on August 1, 2013


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income 2.0 with HA DB


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2013, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $6,000 (since the designated life is between the ages of 65 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 5% of the Protected Withdrawal Value, in this case 5% of $120,000). The Highest Annual Death Benefit Amount is $115,420. Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2013) is $3,500. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($6,000 less $2,500 = $3,500) and the Highest Annual Death Benefit Amount ($115,420 less $2,500 = $112,920).

Example of Proportional Reductions

Continuing the previous example, assume an additional withdrawal of $5,000 occurs on October 29, 2013 the Account Value at the time and immediately prior to this withdrawal is $118,000, and the Highest Annual Death Benefit Amount is $112,920. The first $3,500 of this withdrawal reduces the Annual Income Amount for that Annuity Year to $0, and reduces the Highest Annual Death Benefit Amount on a dollar-for dollar basis to $109,420. The remaining withdrawal amount of $1,500 reduces the Annual Income Amount in future Annuity Years and the Highest Annual Death Benefit Amount on a proportional basis based on the ratio of the Excess Income to the Account Value immediately prior to the Excess Income. (Note that if there are other future withdrawals in that Annuity Year, each would result in another proportional reduction to the Annual Income Amount and the Highest Annual Death Benefit Amount).

Here is the calculation:



Annual Income Amount			Highest Annual Death Benefit Amount
Account Value before Lifetime Withdrawal	$118,000.00		Account Value before Lifetime Withdrawal	$118,000.00
Amount of “non” Excess Income	$3,500.00		Amount of “non” Excess Income	$3,500.00
Account Value immediately before Excess Income of $1,500	$114,500.00		Account Value immediately before Excess Income of $1,500	$114,500.00
Excess Income amount	$1,500.00		Excess Income amount	$1,500.00
Ratio ($1,500/$114,500 = 1.31%)	1.31	%	Ratio ($1,500 / $114,500 = 1.31%)	1.31	%
Annual Income Amount	$6,000.00		HA DB Amount	$109,420.00
1.31% Reduction in Annual Income Amount	$78.60		1.31% Reduction in Annual Income Amount	$1,433.40
Annual Income Amount for future Annuity Years	$5,921.40		Highest Annual Death Benefit Amount	$107,986.60

Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the Annuitant’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).

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Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$11,900.00
June 29	$226,500.00	$228,009.60	$11,400.48
June 30	$226,800.00	$228,009.60	$11,400.48
July 1	$233,500.00	$233,500.00	$11,675.00
July 2	$231,900.00	$233,500.00	$11,675.00


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $11,900. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $6,000 ($6,000 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,000 before the Excess Income.


▪	This amount ($232,000) is further reduced by 1.72%, which is the ratio of Excess Income of $4,000 ($10,000 withdrawal minus non-excess amount of $6,000) divided by the Account Value ($232,000) immediately preceding the Excess Income. This results in a Highest Daily Value of $228,009.60 after the adjustment.

▪


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

In this example, the final Highest Daily Value of $233,500 is converted to an Annual Income Amount based on the applicable Withdrawal Percentage of 5%, generating an Annual Income Amount of $11,675. Since this amount is greater than the current year's Annual Income Amount of $11,400.48 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on July 2 and continuing through July 1 of the following calendar year, will be stepped-up to $11,675.

In this example, the final Highest Daily Value of $119,000.00 is converted to an Annual Income Amount based on the applicable percentage of 5%, generating an Annual Income Amount of $5,950.00. Since this amount is greater than the current year’s Annual Income Amount of $5,921.40 (adjusted for Excess Income), the Annual Income Amount for the next Annuity Year, starting on November 1, 2013 and continuing through October 31, 2014, will be stepped-up to $5,950.00.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Highest Daily Lifetime Income 2.0 with HA DB. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Highest Daily Lifetime Income 2.0 with HA DB. You must tell us at the time you take the withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Highest Daily Lifetime Income 2.0 with HA DB. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect to take the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime Withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Periodic Value guarantee on the twelfth anniversary of the benefit effective date (see description in “Key Feature – Protected Withdrawal Value,” above) and the Highest Annual Death Benefit Amount. It will reduce each value by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)

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Assume the following:


▪	The Issue Date is December 3


▪	Highest Daily Lifetime Income 2.0 with HA DB is elected on September 4


▪	The Account Value at benefit election was $105,000


▪	The Annuitant was 70 years old when he/she elected Highest Daily Lifetime Income 2.0 with HA DB


▪	No previous withdrawals have been taken under Highest Daily Lifetime Income 2.0 with HA DB

On October 3, the Protected Withdrawal Value is $125,000, the 12th benefit year minimum Periodic Value guarantee is $210,000, the Highest Annual Death Benefit Amount is $115,420, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Highest Daily Lifetime Income 2.0 with HA DB will be reduced by the ratio the total withdrawal amount represents of the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000.00
Divided by Account Value before withdrawal		$120,000.00
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375.00
12th benefit year Minimum Periodic Value		$183,750.00
Highest Annual Death Benefit Amount		$100,992.50

Required Minimum Distributions

A “Calendar Year” runs from January 1 to December 31 of that year.

Withdrawals made from the Annuity during an Annuity Year to meet the RMD provisions of the Code will not be treated as withdrawals of Excess Income if they are taken during one Calendar Year.

If Lifetime Withdrawals are taken over two Calendar Years, the amount that will not be treated as a withdrawal of Excess Income is:


▪	the remaining Annual Income Amount for that Annuity Year; plus


▪	the second Calendar Year’s RMD amount minus the Annual Income Amount (the result of which cannot be less than zero).

Example



First Calendar Year	Annuity Year	Second Calendar Year
01/01/2016 to 12/31/2016	06/01/2016 to 05/31/2017	01/01/2017 to 12/31/2017

Assume the following:


▪	RMD Amount for Both Calendar Years = $6,000;


▪	Annual Income Amount = $5,000; and


▪	A withdrawal of $2,000 was taken on 07/01/2016 (during the First Calendar Year) resulting in a remaining Annual Income Amount for the Annuity Year of $3,000.

The amount that can be taken between 01/03/2017 and 05/31/2017 without creating a withdrawal of Excess Income is $4,000. Here is the calculation:


▪	The remaining Annual Income for that Annuity Year ($3,000); plus

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▪	The Second Calendar Year’s RMD Amount minus the Annual Income Amount ($6,000 - $5,000 = $1,000).

Other Important Information


▪	If, in any Annuity Year, your RMD amount is less than your Annual Income Amount, any withdrawals in excess of the Annual Income Amount will be treated as Excess Income.


▪	If you do not comply with the rules described above, any withdrawal that exceeds the Annual Income Amount will be treated as a withdrawal of Excess Income, which will reduce your Annual Income Amount in future Annuity Years. This may include a situation where you comply with the rules described above and then decide to take additional withdrawals after satisfying your RMD from the Annuity.


▪	If you take a partial withdrawal to satisfy RMD and designate that withdrawal as a Non-Lifetime Withdrawal, please note that all Non-Lifetime Withdrawal provisions will apply.

Highest Annual Death Benefit

A Death Benefit is payable under Highest Daily Lifetime Income 2.0 with HA DB (until we begin making Guarantee Payments under the benefit or annuity payments have begun) upon the death of the Owner (Annuitant if entity-owned), also referred to as the “Single Designated Life”, when we receive Due Proof of Death. The Death Benefit is the greatest of: the Minimum Death Benefit or the Highest Annual Death Benefit Amount described below.

Highest Annual Death Benefit Amount:

On the date you elect Highest Daily Lifetime Income 2.0 with HA DB, the Highest Annual Death Benefit Amount is equal to your Account Value. On each subsequent Valuation Day, until the date of death of the decedent, the Highest Annual Death Benefit Amount will be the greater of:


(1)	The Account Value on the current Valuation Day; and


(2)	The Highest Annual Death Benefit Amount on the most recent anniversary of the benefit effective date,


▪	increased by any Purchase Payments made since that anniversary and,


▪	reduced by the effect of withdrawals made since that anniversary, as described below.

The Highest Annual Death Benefit will be calculated on the date of death of the decedent and will be:


▪	increased by the amount of any additional Adjusted Purchase Payments, and


▪	reduced by the effect of any withdrawals (as described in the preceding paragraph),

made during the period between the decedent’s date of death and the date we receive Due Proof of Death.

Please note that the Highest Annual Death Benefit Amount is available only until we make Guarantee Payments under Highest Daily Lifetime Income 2.0 with HA DB or annuity payments begin. This means that any withdrawals that reduce your Account Value to zero will also reduce the Highest Annual Death Benefit Amount to zero.

All other provisions applicable to Death Benefits under your Annuity will continue to apply. See the “Death Benefits” section of this prospectus for more information pertaining to Death Benefits.

Benefits Under Highest Daily Lifetime Income 2.0 with HA DB

▪

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and reduce your Account Value to zero, Highest Daily Lifetime Income 2.0 with HA DB terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted.


▪	Please note that if your Account Value is reduced to zero, all subsequent payments will be treated as Guarantee Payments. Further, the Guarantee Payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments.


▪	Please note that if your Account Value is reduced to zero due to withdrawals or annuitization, any Death Benefit value, including the HA DB, will terminate. This means that the HA DB is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable tax charges, to any annuity option available; or

(2)

▪

(1)


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under Highest Daily Lifetime Income 2.0 with HA DB are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Highest Daily Lifetime Income 2.0 with HA DB is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears within the section entitled “Investment Options.” You can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com.


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to the Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will only apply upon re-allocation of Account Value, or upon addition of subsequent Purchase Payments. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

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the Sub-accounts will remain exposed to investment risk, as is the case generally. The newly-elected benefit will commence at the close of business on the following Valuation Day. Thus, the protection afforded by the newly-elected benefit will not begin until the close of business on the following Valuation Day.

▪

Any Death Benefit will terminate if withdrawals taken under Highest Daily Lifetime Income 2.0 with HA DB reduce your Account Value to zero. This means that any Death Benefit, including the HA DB, will terminate and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” earlier in the prospectus for more information.)

Charge for Highest Daily Lifetime Income 2.0 with HA DB

The current charge for Highest Daily Lifetime Income 2.0 with HA DB is 1.40% annually of the greater of the Account Value and Protected Withdrawal Value. The maximum charge for Highest Daily Lifetime Income 2.0 with HA DB is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.35% of the greater of the prior Valuation Day’s Account Value and the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Highest Daily Lifetime Income 2.0 with HA DB would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, partial withdrawals may reduce the Account Value to zero. If this happens and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

For Highest Daily Lifetime Income 2.0 with HA DB, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be between 50 and 79 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Income 2.0 with HA DB. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Income 2.0 with HA DB, except if (a) the new Owner has the same taxpayer identification number as the previous Owner, (b) ownership is transferred from a custodian or other entity to the Annuitant, or vice versa or (c) ownership is transferred from one entity to another entity that satisfies our administrative ownership guidelines.

Highest Daily Lifetime Income 2.0 with HA DB can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Highest Daily Lifetime Income 2.0 with HA DB and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Highest Daily Lifetime Income 2.0 with HA DB, you lose the guarantees that you had accumulated under your existing benefit and your guarantees under Highest Daily Lifetime Income 2.0 with HA DB will be based on your Account Value on the effective date of Highest Daily Lifetime Income 2.0 with HA DB. You and your financial professional should carefully consider whether terminating your existing benefit and electing Highest Daily Lifetime Income 2.0 with HA DB is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Highest Daily Lifetime Income 2.0 with HA DB so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

You may terminate Highest Daily Lifetime Income 2.0 with HA DB at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit, including the HA DB, will terminate as of the date the termination is effective, and certain restrictions on re-election may apply.

The benefit automatically terminates upon the first to occur of the following:


(i)	your termination of the benefit;


(ii)	your surrender of the Annuity;


(iii)	when annuity payments begin (although if you have elected to receive the Annual Income Amount in the form of annuity payments, we will continue to pay the Annual Income Amount);


(iv)	our receipt of Due Proof of Death of the Owner (or Annuitant if entity-owned);

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(v)	both the Account Value and Annual Income Amount equal zero; or


(vi)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to change your designations.

Upon termination of Highest Daily Lifetime Income 2.0 with HA DB, other than upon the death of the Owner or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program for which we are providing administrative support), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

If a surviving spouse elects to continue the Annuity, Highest Daily Lifetime Income 2.0 with HA DB terminates upon Due Proof of Death. The spouse may newly elect the benefit subject to the restrictions discussed above.

How Highest Daily Lifetime Income 2.0 with HA DB Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime Income 2.0 above.

SPOUSAL HIGHEST DAILY LIFETIME INCOME 2.0 WITH HIGHEST ANNUAL DEATH BENEFIT

Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit (“HA DB”) is a lifetime guaranteed minimum withdrawal benefit, under which, subject to the terms of the benefit, we guarantee your ability to take a certain annual withdrawal amount for the lives of two individuals who are spouses. This benefit also provides for a highest annual death benefit, subject to the terms of the benefit. We reserve the right, in our sole discretion, to cease offering this benefit for new elections at any time.

We offer a benefit that guarantees, until the death of the Remaining Designated Life (as described below) (the “designated lives”, and each, a “designated life”), the ability to withdraw an annual amount (the “Annual Income Amount”) equal to a percentage of an initial principal value (the “Protected Withdrawal Value”) regardless of the impact of Sub-account performance on the Account Value, subject to our rules regarding the timing and amount of withdrawals. You are guaranteed to be able to withdraw the Annual Income Amount for the lives of the designated lives, provided you have not made withdrawals of Excess Income that result in your Account Value being reduced to zero. We also permit you to designate the first withdrawal from your Annuity as a one-time “Non-Lifetime Withdrawal.” You may wish to take a Non-Lifetime Withdrawal if you have an immediate need for access to your Account Value but do not wish to begin lifetime payments under the optional living benefit. All other withdrawals from your Annuity are considered a “Lifetime Withdrawal” under the benefit. Withdrawals are taken first from your own Account Value. We are only required to begin making lifetime income payments to you under our guarantee when and if your Account Value is reduced to zero (for any reason other than due to partial withdrawals of Excess Income) (“Guarantee Payments”). The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, wish to ensure that Sub-account performance will not affect your ability to receive annual payments, and wish either spouse to be able to continue Spousal Highest Daily Lifetime Income 2.0 with HA DB after the death of the first spouse (subject to the provisions below regarding a Remaining Designated Life), and also want to provide a death benefit. You are not required to make withdrawals as part of the benefit – the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit.

An integral component of Spousal Highest Daily Lifetime Income 2.0 with HA DB is the predetermined mathematical formula we employ that may periodically transfer your Account Value to and from the AST Investment Grade Bond Sub-account. See the section above entitled “How Highest Daily Lifetime Income 2.0 Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account.”

Spousal Highest Daily Lifetime Income 2.0 with HA DB is the spousal version of Highest Daily Lifetime Income 2.0 with HA DB. Spousal Highest Daily Lifetime Income 2.0 is offered with or without the HA DB component; however, you may only elect HA DB with Spousal Highest Daily Lifetime Income 2.0, and you must elect the HA DB benefit at the time you elect Spousal Highest Daily Lifetime Income 2.0. If you elect Spousal Highest Daily Lifetime Income 2.0 without HA DB and would like to add the feature later, you must first terminate Spousal Highest Daily Lifetime Income 2.0 and elect Spousal Highest Daily Lifetime Income 2.0 with HA DB (subject to availability and benefit re-election provisions). Please note that if you

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terminate Spousal Highest Daily Lifetime Income 2.0 and elect Spousal Highest Daily Lifetime Income 2.0 with HA DB you lose the guarantees that you had accumulated under your existing benefit and will begin the new guarantees under the new benefit you elect based on your Account Value as of the date the new benefit becomes active. Spousal Highest Daily Lifetime Income 2.0 with HA DB is offered as an alternative to other lifetime withdrawal options. Currently, if you elect Spousal Highest Daily Lifetime Income 2.0 with HA DB and subsequently terminate the benefit, you may elect another living benefit, subject to our current rules. See “Termination of Existing Benefits and Election of New Benefits” for details.

Spousal Highest Daily Lifetime Income 2.0 with HA DB must be elected based on two designated lives, as described below. Each designated life must be between the ages of 50 and 79 years old on the benefit effective date. We will not divide an Annuity or the Spousal Highest Daily Lifetime Income 2.0 with HA DB due to a divorce. See “Election of and Designations under the Benefit” below for details. Spousal Highest Daily Lifetime Income 2.0 with HA DB is not available if you elect any other optional living or death benefit.

As long as your Spousal Highest Daily Lifetime Income 2.0 with HA DB is in effect, you must allocate your Account Value in accordance with the Permitted Sub-accounts and other Investment Option(s) available with this benefit. For a more detailed description of the permitted Investment Options, see the “Investment Options” section.

Key Feature – Protected Withdrawal Value

The Protected Withdrawal Value is only used to calculate the initial Annual Income Amount and the benefit fee. The Protected Withdrawal Value is separate from your Account Value and not available as cash or a lump sum withdrawal. On the effective date of the benefit, the Protected Withdrawal Value is equal to your Account Value. On each Valuation Day thereafter until the date of your first Lifetime Withdrawal (excluding any Non-Lifetime Withdrawal discussed below), the Protected Withdrawal Value is equal to the “Periodic Value” described in the next paragraph.

The “Periodic Value” is initially equal to the Account Value on the effective date of the benefit. On each Valuation Day thereafter until the first Lifetime Withdrawal, we recalculate the Periodic Value. We stop determining the Periodic Value upon your first Lifetime Withdrawal after the effective date of the benefit. The Periodic Value is proportionally reduced for any Non-Lifetime Withdrawal. On each Valuation Day (the “Current Valuation Day”), the Periodic Value is equal to the greater of:

(1)


(2)	the Account Value on the current Valuation Day.

If you have not made a Lifetime Withdrawal on or before the 12^th benefit anniversary of the effective date of the benefit, your Periodic Value on the 12^th benefit anniversary of the benefit effective date is equal to the greater of:


(1)	the Periodic Value described above or,


(2)	the sum of (a), (b) and (c) proportionally reduced for any Non-Lifetime Withdrawal:


(a)	200% of the Account Value on the effective date of the benefit including any Purchase Payments (including any associated Purchase Credits) made on that day;


(b)	200% of all Purchase Payments (including any associated Purchase Credits) made within one year following the effective date of the benefit; and


(c)	all Purchase Payments (including any associated Purchase Credits) made after one year following the effective date of the benefit.

This means that if you do not take a withdrawal on or before the 12^th benefit anniversary of the benefit, your Protected Withdrawal Value on the 12^th benefit anniversary will be at least double (200%) your initial Protected Withdrawal Value established on the date of benefit election. If you begin taking Lifetime Withdrawals prior to your 12^th benefit anniversary, however, these automatic increases will not occur. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Once the first Lifetime Withdrawal is made, the Protected Withdrawal Value at any time is equal to the greater of (i) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals, and (ii) the highest daily Account Value upon any step-up, increased for subsequent Purchase Payments (including any associated Purchase Credits) and reduced for subsequent Lifetime Withdrawals (see the examples that begin immediately prior to the sub-heading below entitled “Example of dollar-for-dollar reductions”).

Please note that if you elect Spousal Highest Daily Lifetime Income 2.0 with HA DB, your Account Value is not guaranteed, can fluctuate and may lose value.

Key Feature – Annual Income Amount under Spousal Highest Daily Lifetime Income 2.0 with HA DB

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date of the first Lifetime Withdrawal after election of the benefit. The percentages are: 2.5% for ages 50-54, 3.5% for ages 55 to 64; 4.5% for ages 65 to 84, and 5.5% for ages 85 and older. We use the age of the younger designated life. If you elected this benefit and one of the Spousal Designated Lives becomes the Remaining Designated Life, we will continue to use the age of the younger of both the original Spousal Designated Lives for purposes of calculating the applicable Annual Income percentage. Under Spousal Highest Daily Lifetime Income 2.0 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year and also will reduce the Protected Withdrawal Value on a dollar-for-dollar basis. If your cumulative Lifetime Withdrawals in an Annuity Year are in excess of the Annual Income Amount for any Annuity Year (“Excess Income”), your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Excess Income also will reduce the Protected Withdrawal Value by the same ratio.

The amount of any applicable CDSC and/or tax withholding will be included in your withdrawal amount to determine whether your withdrawal is a withdrawal of Excess Income.


▪	If you request a gross withdrawal, the amount of any CDSC and/or tax withholding will be deducted from the amount you actually receive. This means you will receive less than you requested. In this instance, in order to avoid a withdrawal of Excess Income, you cannot request an amount that would result in cumulative withdrawals in that Annuity Year exceeding your Annual Income Amount.

▪

Any Purchase Payment that you make subsequent to the election of Spousal Highest Daily Lifetime Income 2.0 with HA DB and subsequent to the first Lifetime Withdrawal will (i) immediately increase the then-existing Annual Income Amount by an amount equal to a percentage of the Purchase Payment (including any associated Purchase Credits) based on the age of the younger designated life at the time of the first Lifetime Withdrawal (the percentages are: 2.5% for ages 50-54, 3.5% for ages 55 to 64, 4.5% for ages 65 to 84, and 5.5% for ages 85 and older), and (ii) increase the Protected Withdrawal Value by the amount of the Purchase Payment (including any associated Purchase Credits).

Highest Daily Auto Step-Up

An automatic step-up feature (“Highest Daily Auto Step-Up”) is part of this benefit. As detailed in this paragraph, the Highest Daily Auto Step-Up feature can result in a larger Annual Income Amount subsequent to your first Lifetime Withdrawal. The Highest Daily Step-Up starts with the anniversary of the Issue Date of the Annuity (the “Annuity Anniversary”) immediately after your first Lifetime Withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on each Valuation Day within the immediately preceding Annuity Year after your first Lifetime Withdrawal. Having identified the highest daily value (after all daily values have been adjusted for subsequent Purchase Payments and withdrawals), we then multiply that value by a percentage that varies based on the age of the younger spousal designated life on the Annuity Anniversary as of which the step-up would occur. The percentages are 2.5% for ages 50-54, 3.5% for ages 55 to 64, 4.5% for ages 65 to 84, and 5.5% for ages 85 and older. If that value exceeds the existing Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Annual Income Amount intact. We will not automatically increase your Annual Income Amount solely as a result of your attaining a new age that is associated with a new age-based percentage. The Account Value on the Annuity Anniversary is considered the last daily step-up value of the Annuity Year. In later years (i.e., after the first Annuity Anniversary after the first Lifetime Withdrawal), we determine whether an automatic step-up should occur on each Annuity Anniversary by performing a similar examination of the Account Values that occurred on Valuation Days during the year. Taking Lifetime Withdrawals could produce a greater difference between your Protected Withdrawal Value and your Account Value, which may make a Highest Daily Auto Step-up less likely to occur. At the time that we increase your Annual Income Amount, we also increase your Protected Withdrawal Value to equal the highest daily value upon which your step-up was based only if that results in an increase to the Protected Withdrawal Value. Your Protected Withdrawal Value will never be decreased as a result of an income step-up. If, on the date that we implement a Highest Daily Auto Step-Up to your Annual Income Amount, the charge for Spousal Highest Daily Lifetime Income 2.0 with HA DB has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Spousal Highest Daily Lifetime Income 2.0 with HA DB upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. If

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you receive notice of a proposed step-up and accompanying fee increase, you should carefully evaluate whether the amount of the step-up justifies the increased fee to which you will be subject. Any such increased charge will not be greater than the maximum charge set forth in the table entitled “Your Optional Benefit Fees and Charges”.

Spousal Highest Daily Lifetime Income 2.0 with HA DB does not affect your ability to take withdrawals under your Annuity, or limit your ability to take partial withdrawals that exceed the Annual Income Amount. Under Spousal Highest Daily Lifetime Income 2.0 with HA DB, if your cumulative Lifetime Withdrawals in an Annuity Year are less than or equal to the Annual Income Amount, they will not reduce your Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Annual Income Amount in any Annuity Year, you cannot carry over the unused portion of the Annual Income Amount to subsequent Annuity Years. If your cumulative Lifetime Withdrawals in an Annuity Year exceed the Annual Income Amount, your Annual Income Amount in subsequent years will be reduced (except with regard to Required Minimum Distributions for this Annuity that comply with our rules).

Examples of dollar-for-dollar and proportional reductions and the Highest Daily Auto Step-Up are set forth below. The values shown here are purely hypothetical, and do not reflect the charges for the Spousal Highest Daily Lifetime Income 2.0 with HA DB or any other fees and charges under the Annuity. Assume the following for all three examples:


▪	The Issue Date is November 1, 2012


▪	Spousal Highest Daily Lifetime Income 2.0 with HA DB is elected on August 1, 2013


▪	Both designated lives were 70 years old when they elected Spousal Highest Daily Lifetime Income 2.0 with HA DB


▪	The first withdrawal is a Lifetime Withdrawal

Example of Dollar-for-Dollar Reductions

On October 24, 2013, the Protected Withdrawal Value is $120,000, resulting in an Annual Income Amount of $5,400 (since the younger designated life is between the ages of 65 and 84 at the time of the first Lifetime Withdrawal, the Annual Income Amount is 4.5% of the Protected Withdrawal Value, in this case 4.5% of $120,000). The Highest Annual Death Benefit Amount is $115,420. Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Annual Income Amount for that Annuity Year (up to and including October 31, 2013) is $2,900. This is the result of a dollar-for-dollar reduction of the Annual Income Amount ($5,400 less $2,500 = $2,900) and the Highest Annual Death Benefit Amount ($115,420 less $2,500 = $112,920.).

Example of Proportional Reductions

Here is the calculation:



Annual Income Amount				Highest Annual Death Benefit Amount
Account Value before Lifetime Withdrawal		$118,000.00		Account Value before Lifetime Withdrawal		$118,000.00
Amount of “non” Excess Income		$2,900.00		Amount of “non” Excess Income		$2,900.00
Account Value immediately before Excess Income of $2,100		$115,100.00		Account Value immediately before Excess Income of $2,100		$115,100.00
Excess Income amount		$2,100.00		Excess Income amount		$2,100.00
Ratio ($2,100/$115,100 = 1.82%)	1.82		%	Ratio ($2,100/$115,100 = 1.82%)	1.82		%
Annual Income Amount		$5,400.00		HA DB Amount		$110,020.00
1.82% Reduction in Annual Income Amount		$98.28		1.82% Reduction in Annual Income Amount		$2,002.36
Annual Income Amount for future Annuity Years		$5,301.72		Highest Annual Death Benefit Amount		$108,017.64

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Example of Highest Daily Auto Step-up

On each Annuity Anniversary date after the first Lifetime Withdrawal, the Annual Income Amount is stepped-up if the appropriate percentage (based on the younger designated life’s age on that Annuity Anniversary) of the highest daily value since your first Lifetime Withdrawal (or last Annuity Anniversary in subsequent years), adjusted for withdrawals and additional Purchase Payments (including any associated Purchase Credits), is greater than the Annual Income Amount, adjusted for Excess Income and additional Purchase Payments (including any associated Purchase Credits).



Date*	Account Value	Highest Daily Value (adjusted for withdrawal and purchase payments)**	Adjusted Annual Income Amount (5% of the Highest Daily Value)
June 28	$238,000.00	$238,000.00	$10,710.00
June 29	$226,500.00	$227,994.52	$10,259.75
June 30	$226,800.00	$227,994.52	$10,259.75
July 1	$233,500.00	$233,500.00	$10,507.50
July 2	$231,900.00	$233,500.00	$10,507.50


*	In this example, the Annuity Anniversary date is July 2. The Valuation Dates are every day following the first Lifetime Withdrawal. In subsequent Annuity Years Valuation Dates will be the Annuity Anniversary and every day following the Annuity Anniversary. The Annuity Anniversary Date of July 2 is considered the first Valuation Date in the Annuity Year.


**	In this example, the first daily value after the first Lifetime Withdrawal is $238,000 on June 28, resulting in an adjusted Annual Income Amount of $10,710.00. This amount is adjusted on June 29 to reflect the $10,000 withdrawal. The adjustments are determined as follows:


▪	The Account Value of $238,000 on June 28 is first reduced dollar-for-dollar by $5,400 ($5,400 is the remaining Annual Income Amount for the Annuity Year), resulting in Account Value of $232,600 before the Excess Income.


▪	This amount ($232,600) is further reduced by 1.98% the ratio of Excess Income of $4,600 ($10,000 withdrawal minus non-excess amount of $5,400) divided by the Account Value ($232,600) immediately preceding the Excess Income. This results in a Highest Daily Value of $227,994.52 after the adjustment.

▪

The adjusted June 29 Highest Daily Value, $227,994.52, is carried forward to the next Valuation Date of June 30. At this time, we compare this amount to the Account Value on June 30, $226,800. Since the June 29 adjusted Highest Daily Value of $227,994.52 is greater than the June 30 Account Value, we will continue to carry $227,994.52 forward to the next Valuation Date of July 1. The Account Value on July 1, $233,500, becomes the Highest Daily Value since it exceeds the $227,994.52 carried forward.


▪	The July 1 adjusted Highest Daily Value of $233,500 is also greater than the July 2 Account Value of $231,900, so the $233,500 will be carried forward to the first Valuation Date of July 2.

Non-Lifetime Withdrawal Feature

You may take a one-time non-lifetime withdrawal (“Non-Lifetime Withdrawal”) under Spousal Highest Daily Lifetime Income 2.0 with HA DB. It is an optional feature of the benefit that you can only elect at the time of your first withdrawal. You cannot take a Non-Lifetime Withdrawal in an amount that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value (see “Surrenders – Surrender Value”). This Non-Lifetime Withdrawal will not establish your initial Annual Income Amount and the Periodic Value described earlier in this section will continue to be calculated. However, the total amount of the withdrawal will proportionally reduce all guarantees associated with Spousal Highest Daily Lifetime Income 2.0 with HA DB. You must tell us at the time you take the partial withdrawal if your withdrawal is intended to be the Non-Lifetime Withdrawal and not the first Lifetime Withdrawal under Spousal Highest Daily Lifetime Income 2.0 with HA DB. If you do not designate the withdrawal as a Non-Lifetime Withdrawal, the first withdrawal you make will be the first Lifetime Withdrawal that establishes your Annual Income Amount, which is based on your Protected Withdrawal Value. Once you elect the Non-Lifetime Withdrawal or Lifetime Withdrawals, no additional Non-Lifetime withdrawals may be taken. If you do not take a Non-Lifetime Withdrawal before beginning Lifetime Withdrawals, you lose the ability to take it.

The Non-Lifetime Withdrawal will proportionally reduce the Protected Withdrawal Value. It will also proportionally reduce the Periodic Value guarantee on the twelfth anniversary of the benefit effective date (see description in “Key Feature – Protected Withdrawal Value,” above) and the Highest Annual Death Benefit Amount. It will reduce each value by the percentage the total withdrawal amount (including any applicable CDSC) represents of the then current Account Value immediately prior to the time of the withdrawal. The Non-Lifetime Withdrawal could result in a lower Annual Income Amount at the time you take your first Lifetime Withdrawal depending on the amount of the proportional reduction described above

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and duration of time between your Non-Lifetime and first Lifetime Withdrawal. As such, you should carefully consider when it is most appropriate for you to begin taking withdrawals under the benefit.

Example – Non-Lifetime Withdrawal (proportional reduction)


▪	The Issue Date is December 3, 2012


▪	Spousal Highest Daily Lifetime Income 2.0 with HA DB is elected on September 4, 2013


▪	The Account Value at benefit election was $105,000


▪	Each designated life was 70 years old when he/she elected Spousal Highest Daily Lifetime Income 2.0 with HA DB


▪	No previous withdrawals have been taken under Spousal Highest Daily Lifetime Income 2.0 with HA DB

On October 3, 2013, the Protected Withdrawal Value is $125,000, the 12th benefit year minimum Periodic Value guarantee is $210,000, the Highest Annual Death Benefit Amount is $115,420, and the Account Value is $120,000. Assuming $15,000 is withdrawn from the Annuity on October 3, 2013 and is designated as a Non-Lifetime Withdrawal, all guarantees associated with Spousal Highest Daily Lifetime Income 2.0 with HA DB will be reduced by the ratio the total withdrawal amount represents of the Account Value just prior to the withdrawal being taken.

Here is the calculation:



Withdrawal amount		$15,000.00
Divided by Account Value before withdrawal		$120,000.00
Equals ratio	12.5		%
All guarantees will be reduced by the above ratio (12.5%)
Protected Withdrawal Value		$109,375.00
12th benefit year Minimum Periodic Value		$183,750.00
Highest Annual Death Benefit Amount		$100,992.50

Required Minimum Distributions

Highest Annual Death Benefit

A Death Benefit is payable under Spousal Highest Daily Lifetime Income 2.0 with HA DB (until we begin making Guarantee Payments under the benefit or annuity payments have begun) upon the death of the Remaining Designated Life when we receive Due Proof of Death. The Death Benefit is the greatest of: the Minimum Death Benefit or the Highest Annual Death Benefit Amount described below.

Highest Annual Death Benefit Amount:

On the date you elect Spousal Highest Daily Lifetime Income 2.0 with HA DB, the Highest Annual Death Benefit Amount is equal to your Account Value. On each subsequent Valuation Day, until the date of death of the decedent, the Highest Annual Death Benefit Amount will be the greater of:


(1)	The Account Value on the current Valuation Day; and


(2)	The Highest Annual Death Benefit Amount on the most recent anniversary of the benefit effective date,


▪	increased by any Purchase Payments made since that anniversary and,


▪	reduced by the effect of withdrawals made since that anniversary, as described below.

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Excess Income will proportionately reduce the Highest Annual Death Benefit Amount by the ratio of the Excess Income to the Account Value immediately prior to the withdrawal of the Excess Income.

The Highest Annual Death Benefit will be calculated on the date of death of the Remaining Designated Life and will be:


▪	increased by the amount of any additional Adjusted Purchase Payments, and


▪	reduced by the effect of any withdrawals (as described in the preceding paragraph),

made during the period between the decedent’s date of death and the date we receive Due Proof of Death.

Please note that Highest Annual Death Benefit Amount is available only until we make Guarantee Payments under Spousal Highest Daily Lifetime Income 2.0 with HA DB or annuity payments begin. This means that any withdrawals that reduce your Account Value to zero will also reduce the Highest Annual Death Benefit Amount to zero.

All other provisions applicable to Death Benefits under your Annuity continue to apply. See the “Death Benefits” section of this prospectus for more information pertaining to Death Benefits.

Benefits Under Spousal Highest Daily Lifetime Income 2.0 with HA DB

▪

To the extent that your Account Value was reduced to zero as a result of cumulative Lifetime Withdrawals in an Annuity Year that are less than or equal to the Annual Income Amount, and Guarantee Payments amounts are still payable under Spousal Highest Daily Lifetime Income 2.0 with HA DB, we will make an additional payment, if any, for that Annuity Year equal to the remaining Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Annual Income Amount as described in this section. We will continue to make payments until the simultaneous deaths of both spousal designated lives, or the death of the Remaining Designated Life. After the Account Value is reduced to zero, you are not permitted to make additional Purchase Payments to your Annuity. To the extent that cumulative partial withdrawals in an Annuity Year exceed the Annual Income Amount (“Excess Income”) and reduce your Account Value to zero, Spousal Highest Daily Lifetime Income 2.0 with HA DB terminates, we will make no further payments of the Annual Income Amount and no additional Purchase Payments will be permitted.


▪	Please note that if your Account Value is reduced to zero, all subsequent payments will be treated as Guarantee Payments. Further, the Guarantee Payments in each Annuity Year subsequent to the Annuity Year your Account Value is reduced to zero will be treated as annuity payments.


▪	Please note that if your Account Value is reduced to zero due to withdrawals or annuitization, any Death Benefit value, including the HA DB, will terminate. This means that the HA DB is terminated and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount.


▪	If annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving annuity payments and there is an Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options:


(1)	apply your Account Value, less any applicable state required premium tax, to any annuity option available; or

(2)

▪

(1)

the present value of the future Annual Income Amount payments (if no Lifetime Withdrawal was ever taken, we will calculate the Annual Income Amount as if you made your first Lifetime Withdrawal on the date the annuity payments are to begin). Such present value will be calculated using the greater of the joint and survivor or single (as applicable) life fixed annuity rates then currently available or the joint and survivor or single (as applicable) life fixed annuity rates guaranteed in your Annuity; and


(2)	the Account Value.

Other Important Considerations

▪

Withdrawals under the Spousal Highest Daily Lifetime Income 2.0 with HA DB benefit are subject to all of the terms and conditions of the Annuity, including any applicable CDSC for the Non-Lifetime Withdrawal as well as partial withdrawals that exceed the Annual Income Amount. If you have an active systematic withdrawal program running at the time you elect this benefit, the first systematic withdrawal that processes after your election of the benefit will be deemed a Lifetime Withdrawal. Withdrawals made while Spousal Highest Daily Lifetime Income 2.0 with HA DB is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. Any withdrawals made under the benefit will be taken pro rata from the Sub-accounts (including the AST Investment Grade Bond Sub-account). If you have an active systematic withdrawal program running at the time you elect this benefit, the program must withdraw funds pro rata.

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▪


▪	You cannot allocate Purchase Payments or transfer Account Value to or from the AST Investment Grade Bond Sub-account. A summary description of the AST Investment Grade Bond Portfolio appears in the prospectus section entitled “Investment Options.” In addition, you can find a copy of the AST Investment Grade Bond Portfolio prospectus by going to www.prudentialannuities.com .


▪	Transfers to and from the Permitted Sub-accounts and the AST Investment Grade Bond Sub-account triggered by the predetermined mathematical formula will not count toward the maximum number of free transfers allowable under an Annuity.

▪

Upon inception of the benefit, 100% of your Account Value must be allocated to the Permitted Sub-accounts. We may amend the Permitted Sub-accounts from time to time. Changes to Permitted Sub-accounts, or to the requirements as to how you may allocate your Account Value with this benefit, will apply to new elections of the benefit and may apply to current participants in the benefit. To the extent that changes apply to current participants in the benefit, they will apply only upon re-allocation of Account Value, or to any additional Purchase Payments that are made after the changes have gone into effect. That is, we will not require such current participants to re-allocate Account Value to comply with any new requirements.

▪

Any Death Benefit will terminate if withdrawals taken under Spousal Highest Daily Lifetime Income 2.0 with HA DB reduce your Account Value to zero. This means that any Death Benefit, including the HA DB, will terminate and no Death Benefit is payable if your Account Value is reduced to zero as the result of either a withdrawal in excess of your Annual Income Amount or less than or equal to, your Annual Income Amount. (See “Death Benefits” for more information.)


▪	Spousal Continuation: If a Death Benefit is not payable on the death of a spousal designated life (e.g., if the first of the spousal designated lives to die is the Beneficiary but not an Owner), Spousal Highest Daily Lifetime Income 2.0 with HA DB will remain in force unless we are instructed otherwise.

Charge for Spousal Highest Daily Lifetime Income v2.0 with HA DB

The current charge for Spousal Highest Daily Lifetime Income 2.0 with HA DB is 1.50% annually of the greater of Account Value and Protected Withdrawal Value. The maximum charge for Spousal Highest Daily Lifetime Income 2.0 with HA DB is 2.00% annually of the greater of the Account Value and Protected Withdrawal Value. As discussed in “Highest Daily Auto Step-Up” above, we may increase the fee upon a step-up under this benefit. We deduct this charge on quarterly anniversaries of the benefit effective date, based on the values on the last Valuation Day prior to the quarterly anniversary. Thus, we deduct, on a quarterly basis, 0.375% of the greater of the prior Valuation Day’s Account Value, or the prior Valuation Day’s Protected Withdrawal Value. We deduct the fee pro rata from each of your Sub-accounts, including the AST Investment Grade Bond Sub-account. You will begin paying this charge as of the effective date of the benefit even if you do not begin taking withdrawals for many years, or ever. We will not refund the charges you have paid if you choose never to take any withdrawals and/or if you never receive any lifetime income payments.

If the deduction of the charge would result in the Account Value falling below the lesser of $500 or 5% of the sum of the Account Value on the effective date of the benefit plus all Purchase Payments made subsequent thereto (and any associated Purchase Credits) (we refer to this as the “Account Value Floor”), we will only deduct that portion of the charge that would not cause the Account Value to fall below the Account Value Floor. If the Account Value on the date we would deduct a charge for the benefit is less than the Account Value Floor, then no charge will be assessed for that benefit quarter. Charges deducted upon termination of the benefit may cause the Account Value to fall below the Account Value Floor. If a charge for Spousal Highest Daily Lifetime Income 2.0 with HA DB would be deducted on the same day we process a withdrawal request, the charge will be deducted first, then the withdrawal will be processed. The withdrawal could cause the Account Value to fall below the Account Value Floor. While the deduction of the charge (other than the final charge) may not reduce the Account Value to zero, withdrawals may reduce the Account Value to zero. If the Account Value is reduced to zero as a result of a partial withdrawal that is not a withdrawal of Excess Income and the Annual Income Amount is greater than zero, we will make payments under the benefit.

Election of and Designations under the Benefit

Spousal Highest Daily Lifetime Income 2.0 with HA DB can only be elected based on two designated lives. Designated lives must be natural persons who are each other’s spouses at the time of election of the benefit. Currently, Spousal Highest Daily Lifetime Income 2.0 with HA DB only may be elected if the Owner, Annuitant, and Beneficiary designations are as follows:

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▪	One Annuity Owner, where the Annuitant and the Owner are the same person and the sole Beneficiary is the Owner’s spouse. Each Owner/Annuitant and the Beneficiary must be between 50 – 79 years old at the time of election; or


▪	Co-Annuity Owners, where the Owners are each other’s spouses. The Beneficiary designation must be the surviving spouse, or the spouses named equally. One of the Owners must be the Annuitant. Each Owner must be between 50 and 79 years old at the time of election; or

▪

We do not permit a change of Owner under this benefit, except as follows: (a) if one Owner dies and the surviving spousal Owner assumes the Annuity, or (b) if the Annuity initially is co-owned, but thereafter the Owner who is not the Annuitant is removed as Owner. We permit changes of Beneficiary designations under this benefit. However, if the Beneficiary is changed, the benefit may not be eligible to be continued upon the death of the first designated life. If the designated lives divorce, Spousal Highest Daily Lifetime Income 2.0 with HA DB may not be divided as part of the divorce settlement or judgment. Nor may the divorcing spouse who retains ownership of the Annuity appoint a new designated life upon re-marriage. Our current administrative procedure is to treat the division of an Annuity as a withdrawal from the existing Annuity. Any applicable CDSC will apply to such a withdrawal. The non-owner spouse may then decide whether s/he wishes to use the withdrawn funds to purchase a new Annuity, subject to the rules that are current at the time of purchase.

Spousal Highest Daily Lifetime Income 2.0 with HA DB can be elected at the time that you purchase your Annuity or after the Issue Date, subject to its availability, and our eligibility rules and restrictions. If you elect Spousal Highest Daily Lifetime Income 2.0 with HA DB and terminate it, you can re-elect it, subject to our current rules and availability. See “Termination of Existing Benefits and Election of New Benefits” for information pertaining to elections, termination and re-election of benefits. Please note that if you terminate a living benefit and elect Spousal Highest Daily Lifetime Income 2.0 with HA DB, you lose the guarantees that you had accumulated under your existing benefit, and your guarantees under Spousal Highest Daily Lifetime Income 2.0 with HA DB will be based on your Account Value on the effective date of Spousal Highest Daily Lifetime Income 2.0 with HA DB. You and your financial professional should carefully consider whether terminating your existing benefit and electing Spousal Highest Daily Lifetime Income 2.0 with HA DB is appropriate for you. We reserve the right to waive, change and/or further limit the election frequency in the future for new elections of this benefit.

If you wish to elect this benefit and you are currently participating in a systematic withdrawal program, amounts withdrawn under the program must be taken on a pro rata basis from your Annuity’s Sub-accounts (i.e., in direct proportion to the proportion that each such Sub-account bears to your total Account Value) in order for you to be eligible for the benefit. Thus, you may not elect Spousal Highest Daily Lifetime Income 2.0 so long as you participate in a systematic withdrawal program in which withdrawals are not taken pro rata.

Termination of the Benefit

The benefit automatically terminates upon the first to occur of the following:


(i)	upon our receipt of Due Proof of Death of the first designated life who is an Owner (or who is the Annuitant if entity-owned), if the Remaining Designated Life elects not to continue the Annuity;


(ii)	upon our receipt of Due Proof of Death of an Owner (or Annuitant if entity-owned) if the surviving spouse is not eligible to continue the benefit because such spouse is not a spousal designated life and there is any Account Value on the date of death;


(iii)	upon our receipt of Due Proof of Death of the Remaining Designated Life if a Death Benefit is payable under this benefit;


(iv)	your termination of the benefit;


(v)	your surrender of the Annuity;


(vi)	when annuity payments begin (although if you have elected to take annuity payments in the form of the Annual Income Amount, we will continue to pay the Annual Income Amount);


(vii)	both the Account Value and Annual Income Amount equal zero; or


(viii)	you cease to meet our requirements as described in “Election of and Designations under the Benefit” above or if we process a requested change that is not consistent with our allowed owner, annuitant or beneficiary designations.*


*	Prior to terminating a benefit, we will send you written notice and provide you with an opportunity to change your designations.

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proceeds (representations may include, but are not limited to, trust or estate paperwork (if needed); consent forms (if applicable); and claim forms from at least one beneficiary); and (c) any applicable election of the method of payment of the death benefit, if not previously elected by the Owner, by at least one Beneficiary.

Upon termination of Spousal Highest Daily Lifetime Income 2.0 with HA DB other than upon the death of the Remaining Designated Life or Annuitization, we impose any accrued fee for the benefit (i.e., the fee for the pro-rated portion of the year since the fee was last assessed), and thereafter we cease deducting the charge for the benefit. This final charge will be deducted even if it results in the Account Value falling below the Account Value Floor. However, if the amount in the Sub-accounts is not enough to pay the charge, we will reduce the fee to no more than the amount in the Sub-accounts. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the Permitted Sub-accounts, and (ii) unless you are participating in an asset allocation program (i.e., Automatic Rebalancing Program for which we are providing administrative support), transfer all amounts held in the AST Investment Grade Bond Sub-account to your variable Investment Options, pro rata (i.e. in the same proportion as the current balances in your variable Investment Options). If, prior to the transfer from the AST Investment Grade Bond Sub-account, the Account Value in the variable Investment Options is zero, we will transfer such amounts to the AST Government Money Market Sub-account.

How Spousal Highest Daily Lifetime Income 2.0 with HA DB Transfers Account Value Between Your Permitted Sub-accounts and the AST Investment Grade Bond Sub-account

Additional Tax Considerations

Please see the Additional Tax Considerations section under Highest Daily Lifetime Income 2.0 above.

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APPENDIX E: OPTIONAL DEATH BENEFITS

These benefits were offered March 15, 2010 to August 19, 2012.

One optional Death Benefit is offered for purchase with your Annuity to provide an enhanced level of protection for your Beneficiaries. No optional Death Benefit is available if your Annuity is held as a Beneficiary Annuity. The optional Death Benefit is called the Highest Anniversary Value Death Benefit. The Highest Anniversary Value Death Benefit is not available with the Highest Daily Lifetime Income 2.0 with HA DB or the Spousal Highest Daily Lifetime Income 2.0 with HA DB. If you purchase either Highest Daily Lifetime Income 2.0 or Spousal Highest Daily Lifetime Income 2.0 and withdrawals taken under either reduce your Account Value to Zero, your optional Death Benefit will terminate. Investment restrictions apply if you elect the optional Death Benefit. See the chart in the “Investment Options” section of the prospectus for a list of Investment Options available and permitted with the benefit. If subsequent to your election of the optional Death Benefit, we change our requirements as to how your Account Value must be allocated, we will not compel you to re-allocate your Account Value in accordance with our newly-adopted requirements. We reserve the right to cease offering any optional Death Benefit.

Key Terms Used with the Highest Anniversary Value Death Benefit:

▪

The Death Benefit Target Date for the Highest Anniversary Value Death Benefit initially is the later of (a) the anniversary of the Issue Date coinciding with or next following the date the oldest Owner (or Annuitant, if the Annuity is entity-owned) reaches age 80 and (b) the fifth anniversary of the Issue Date of the Annuity. If there is a change of Owner (or Annuitant, if the Annuity is entity-owned) prior to the Death Benefit Target Date, then we will set the Death Benefit Target Date with reference to the age of the oldest new Owner (or Annuitant). However, we will not change the Death Benefit Target Date if the change of Owner (or Annuitant, for an entity-owned Annuity) occurs after the previous Death Benefit Target Date.

▪

The Highest Anniversary Value on the Issue Date is equal to your Account Value (including any Purchase Credits, in the case of the X Series). Thereafter, we calculate a Highest Anniversary Value on each anniversary of the Issue Date of the Annuity (“Annuity Anniversary”) up to and including the earlier of the date of death or attainment of the Death Benefit Target Date. On each such anniversary, the Anniversary Value is equal to the greater of (a) the previous Highest Anniversary Value and (b) the Account Value on each such Anniversary. Between such anniversaries, the Highest Anniversary Value is increased by the sum of all Purchase Payments (including any associated Purchase Credits) since the prior anniversary date and reduced by any Proportional Withdrawals since the prior anniversary date.

▪

Proportional Withdrawals are determined by calculating the ratio of the amount of the withdrawal (including any applicable CDSC) to the Account Value as of the date of the withdrawal but immediately prior to the withdrawal. Proportional withdrawals result in a reduction to the Highest Anniversary Value by reducing such value in the same proportion as the Account Value was reduced by the withdrawal as of the date the withdrawal occurred. For example, if your Highest Anniversary Value is $125,000 and you subsequently withdraw $10,000 at a time when your Account Value is equal to $100,000 (a 10% reduction), then we will reduce your Highest Anniversary Value ($125,000) by 10%, or $12,500.

Highest Anniversary Value Death Benefit (“HAV”)

If an Annuity has one Owner, the Owner must be age 79 or less at the time the Highest Anniversary Value Optional Death Benefit is elected. If an Annuity has joint Owners, the oldest Owner must be age 79 or less upon election. If an Annuity is owned by an entity, the Annuitant must be age 79 or less upon election.

Calculation of Highest Anniversary Value Death Benefit

If the decedent’s date of death occurs before the Death Benefit Target Date, the Death Benefit equals the greater of:


1.	the greater of the minimum Death Benefit described above, and


2.	the Highest Anniversary Value as of the date on which we receive Due Proof of Death.

If the Owner dies on or after the Death Benefit Target Date, the Death Benefit equals the greater of:


1.	the minimum Death Benefit described above, and

the Highest Anniversary Value on the Death Benefit Target Date, plus any Purchase Payments (and associated Purchase Credits) since the Death Benefit Target Date, less the effect of any Proportional Withdrawals since the Death Benefit Target Date. This Death Benefit may not be an appropriate feature where the oldest Owner’s age (Annuitant if entity-owned) is near age 80. This is because the benefit may not have the same potential for growth as it otherwise would, since there will be fewer Annuity anniversaries before the Death Benefit Target Date is reached.

WHAT ARE THE CHARGES FOR THE OPTIONAL DEATH BENEFIT?

For elections of the Highest Anniversary Value Death Benefit, we impose a charge equal to 0.40%, per year of the daily net assets of the Sub-accounts. We deduct the charge to compensate Pruco Life of New Jersey for providing increased insurance protection under the optional Death Benefits. The additional annualized charge is deducted daily against your Account Value allocated to the Sub-accounts.

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Can I terminate the optional Death Benefit?

The Highest Anniversary Value Death Benefit may not be terminated by you once elected. The optional Death Benefit will terminate upon the first to occur of the following:


▪	the date that the Death Benefit is determined, unless the Annuity is continued by a spouse Beneficiary;


▪	upon your designation of a new Owner or Annuitant who, as of the effective date of the change, is older than the age at which we would then issue the Death Benefit (or if we do not then consent to continue the Death Benefit);


▪	upon the Annuity Date;


▪	upon surrender of the Annuity; or


▪	if your Account Value reaches zero (which can happen if, for example, you are taking withdrawals under an optional living benefit).

Where an Annuity is structured so that it is owned by a grantor trust but the Annuitant is not the grantor, then the Annuity is required to be surrendered upon the death of the grantor if the grantor pre-deceases the Annuitant under Section 72(s) of the Code. Under this circumstance, the Surrender Value will be paid out to the Beneficiary and is not eligible for the Death Benefit provided under the Annuity.

Upon termination, we cease to assess the fee for the optional Death Benefit.

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APPENDIX F: FORMULA FOR GRO PLUS II

THE FOLLOWING ARE THE TERMS AND DEFINITIONS REFERENCED IN THE TRANSFER CALCULATION FORMULA:


▪	AV is the current Account Value of the Annuity


▪	V_v is the current Account Value of the elected Sub-accounts of the Annuity


▪	V_F is the Account Value of any Fixed Allocations in the Annuity


▪	B is the total current value of the AST bond portfolio Sub-account


▪	C_l is the lower target value. Currently, it is 79%.


▪	C_t is the middle target value. Currently, it is 82%.


▪	C_u is the upper target value. Currently, it is 85%.


▪	T is the amount of a transfer into or out of the AST bond portfolio Sub-account.

For each guarantee provided under the benefit,


▪	Gi is the guarantee amount


▪	N_i is the number of days until the maturity date

▪

d_i is the discount rate applicable to the number of days until the maturity date. It is determined with reference a benchmark index, reduced by the Discount Rate Adjustment and subject to the discount rate minimum. The discount rate minimum, beginning on the effective date of the benefit, is three percent, and will decline monthly over the first twenty-four months following the effective date of the benefit to one percent in the twenty-fifth month, and will remain at one percent for every month thereafter. Once selected, we will not change the applicable benchmark index. However, if the benchmark index is discontinued, we will substitute a successor benchmark index, if there is one. Otherwise we will substitute a comparable benchmark index. We will obtain any required regulatory approvals prior to substitution of the benchmark index.

The formula, which is set on the effective date and is not changed while the benefit is in effect, determines, on each Valuation Day, when a transfer is required.

The formula begins by determining the value on that Valuation Day that, if appreciated at the applicable discount rate, would equal the guarantee amount at the end of each applicable guarantee period. We call the greatest of these values the “current liability (L).”



L	=	MAX (L_i), where L_i = G_i / (1 + d_i)^{^(Ni/365)}

Next the formula calculates the following formula ratio:



r	=	(L – B) / (V_v + V_F)

If the formula ratio exceeds an upper target value, then all or a portion of the Account Value will be transferred to the AST bond portfolio Sub-account associated with the current liability subject to the rule that prevents a transfer into that AST bond portfolio Sub-account if 90% or more of Account Value is in that Sub-account (90% cap). If at the time we make a transfer to the AST bond portfolio Sub-account associated with the current liability there is Account Value allocated to an AST bond portfolio Sub-account not associated with the current liability, we will transfer all assets from that AST bond portfolio Sub-account to the AST bond portfolio Sub-account associated with the current liability.

The formula will transfer assets into the AST bond portfolio Sub-account if r > C_u, subject to the 90% cap.

The transfer amount is calculated by the following formula:



T	=	{Min (MAX(0, (.90 * (V_v + V_F + B)) – B), [L – B – (V_v + V_F) * C_t] / (1 – C_t))}

If the formula ratio is less than a lower target value and there are assets in the AST bond portfolio Sub-account, then the formula will transfer assets out of the AST bond portfolio Sub-account into the elected Sub-accounts.

F-1

The formula will transfer assets out of the AST bond portfolio Sub-account if r < C_l and B > 0. The transfer amount is calculated by the following formula:



T	=	{Min (B, – [L – B – (V_v + V_F) * C_t] / (1 – C_t))}

If following a transfer to the elected Sub-accounts, there are assets remaining in a AST bond portfolio Sub-account not associated with the current liability, we will transfer all assets from that AST bond portfolio Sub-account to the AST bond portfolio Sub-account associated with the current liability.

90% Cap Rule: If, on any Valuation Day the Rider remains in effect, a transfer into the AST bond portfolio Sub-account occurs which results in 90% of the Account Value being allocated to the AST bond portfolio Sub-account, any transfers into the AST bond portfolio Sub-account will be suspended even if the formula would otherwise dictate that a transfer into the AST bond portfolio Sub-account should occur. Transfers out of the AST bond portfolio Sub-account and into the elected Sub-accounts will still be allowed. The suspension will be lifted once a transfer out of the AST bond portfolio Sub-account occurs. Due to the performance of the AST bond portfolio Sub-account and the elected Sub-accounts, the Account Value could be more than 90% invested in the AST bond portfolio Sub-account.

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APPENDIX G – FORMULA FOR HIGHEST DAILY ^® GRO II

FORMULA FOR ELECTIONS OF HIGHEST DAILY ^® GRO II MADE PRIOR TO JULY 16, 2010

The Following are the Terms and Definitions Referenced in the Transfer Calculation Formula:


▪	AV is the current Account Value of the Annuity


▪	V_v is the current Account Value of the elected Sub-accounts of the Annuity


▪	V_F is the Account Value of any Fixed Allocations in the Annuity


▪	B is the total current value of the AST bond portfolio Sub-account


▪	C_l is the lower target value. Currently, it is 79%.


▪	C_t is the middle target value. Currently, it is 82%.


▪	C_u is the upper target value. Currently, it is 85%.


▪	T is the amount of a transfer into or out of the AST bond portfolio Sub-account.

For each guarantee provided under the benefit,


▪	G_i is the guarantee amount


▪	N_i is the number of days until the maturity date

▪

The formula, which is set on the effective date and is not changed while the benefit is in effect, determines, on each Valuation Day, when a transfer is required.



L	=	MAX (L_i), where L_i = G_i / (1 + d_i)^{^(Ni/365)}

Next the formula calculates the following formula ratio:



r	=	(L – B) / (V_v + V_F)

The formula will transfer assets into the AST bond portfolio Sub-account if r > C_u, subject to the 90% cap.

The transfer amount is calculated by the following formula:



T	=	{Min (MAX(0, (.90 * (V_v + V_F + B)) – B), [L – B – (V_v + V_F) * C_t] / (1 – C_t))}

The formula will transfer assets out of the AST bond portfolio Sub-account if r < C_l and B > 0. The transfer amount is calculated by the following formula:



T	=	{Min (B, – [L – B – (V_v + V_F) * C_t] / (1 – C_t))}

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FORMULA FOR ELECTIONS OF HD GRO II MADE ON OR AFTER JULY 16, 2010

The operation of the formula is the same as for elections of HD GRO II prior to July 16, 2010. The formula below provides additional information regarding the concept of the Projected Future Guarantee throughout the Transfer Calculation.

The following are the Terms and Definitions referenced in the Transfer Calculation Formula:


▪	AV is the current Account Value of the Annuity


▪	V _V is the current Account Value of the elected Sub-accounts of the Annuity


▪	V _F is the current Account Value of the elected Fixed Rate Options of the Annuity


▪	B is the total current value of the Transfer Account


▪	C _l is the lower target value; it is established on the Effective Date and is not changed for the life of the guarantee


▪	C _t is the middle target value; it is established on the Effective Date and is not changed for the life of the guarantee


▪	C _u is the upper target value; it is established on the Effective Date and is not changed for the life of the guarantee


▪	T is the amount of a transfer into or out of the Transfer Account

▪

“Projected Future Guarantee” is an amount equal to the highest Account Value (adjusted for Withdrawals and additional Net Purchase Payments) within the current Benefit Year that would result in a new Guarantee Amount. For the Projected Future Guarantee, the assumed Guarantee Period begins on the current Valuation Day and ends 10 years from the next anniversary of the Effective Date. We only calculate a Projected Future Guarantee if the assumed Guarantee Period associated with that Projected Future Guarantee does not extend beyond the latest Annuity Date applicable to the Annuity.

The formula, which is set on the Effective Date and is not changed while the Rider is in effect, determines, on each Valuation Day, when a transfer is required.

The formula begins by determining for each Guarantee Amount and for the Projected Future Guarantee, the value on that Valuation Day that, if appreciated at the applicable discount rate, would equal the Guarantee Amount at the end of the Guarantee Period. We call the greatest of these values the “current liability (L)”.



L	=	MAX (L_i), where L_i = G_i / (1 + d_i)^{^(Ni/365)}

Where:


▪	G_i is the value of the Guarantee Amount or the Projected Future Guarantee


▪	N_i is the number of days until the end of the Guarantee Period

▪

d_i is the discount rate associated with the number of days until the end of a Guarantee Period (or the assumed Guarantee Period, for the Projected Future Guarantee). The discount rate is determined by taking the greater of the Benchmark Index Interest Rate less the Discount Rate Adjustment, and the Discount Rate Minimum. The applicable term of the Benchmark Index Interest Rate is the same as the number of days remaining until the end of the Guarantee Period (or the assumed Guarantee Period, for the Projected Future Guarantee). If no Benchmark Index Interest Rate is available for such term, the nearest available term will be used. The Discount Rate Minimum is determined based on the number of months since the Effective Date.

Next the formula calculates the following formula ratio (r):



r	=	(L – B) / (V_V + V_F)

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If the formula ratio exceeds an upper target value, then Account Value will be transferred to the bond portfolio Sub-account associated with the current liability subject to the 90% Cap Feature. If, at the time we make a transfer to the bond portfolio Sub-account associated with the current liability, there is Account Value allocated to a bond portfolio Sub-account not associated with the current liability, we will transfer all assets from that bond portfolio Sub-account to the bond portfolio Sub-account associated with the current liability.

The formula will transfer assets into the Transfer Account if r > C _u and if transfers have not been suspended due to the 90% Cap Feature. Assets in the elected Sub-accounts and Fixed Rate Options, if applicable, are transferred to the Transfer Account in accordance with the Transfer provisions of the Rider.

The transfer amount is calculated by the following formula:



T	=	{Min (MAX(0, (.90 * (V_V + V_F + B)) – B), [L – B – (V_V + V_F) * C_t] / (1 – C_t))}

If the formula ratio is less than a lower target value, and there are assets in the Transfer Account, then the formula will transfer assets out of the Transfer Account and into the elected Sub-accounts.

The formula will transfer assets out of the Transfer Account if r < C _l and B > 0.

The transfer amount is calculated by the following formula:



T	=	{Min (B, – [L – B – (V_V + V_F) * C_t] / (1 – C_t))}

If, following a transfer to the elected Sub-accounts, there are assets remaining in a bond portfolio Sub-account not associated with the current liability, we will transfer all assets from that bond portfolio Sub-account to the bond portfolio Sub-account associated with the current liability.

90% Cap Feature: If, on any Valuation Day the Rider remains in effect, a transfer into the Transfer Account occurs which results in 90% of the Account Value being allocated to the Transfer Account, any transfers into the Transfer Account will be suspended even if the formula would otherwise dictate that a transfer into the Transfer Account should occur. Transfers out of the Transfer Account and into the elected Sub-accounts will still be allowed. The suspension will be lifted once a transfer out of the Transfer Account occurs. Due to the performance of the Transfer Account and the elected Sub-Accounts, the Account Value could be more than 90% invested in the Transfer Account.

G-3

APPENDIX H—FORMULA FOR HIGHEST DAILY LIFETIME ^® INCOME V2.1 SUITE, HIGHEST DAILY LIFETIME ^® INCOME 2.0 SUITE, HIGHEST DAILY LIFETIME ^® INCOME SUITE AND HIGHEST DAILY LIFETIME ^® 6 PLUS SUITE OF LIVING BENEFITS

This Appendix describes the formula used with the following living benefits:

The Highest Daily Lifetime Income v2.1 Suite:


▪	Highest Daily Lifetime Income v2.1;


▪	Spousal Highest Daily Lifetime Income v2.1;


▪	Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit; and


▪	Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit.

The Highest Daily Lifetime Income 2.0 Suite (offered from August 20, 2012 to February 24, 2013):


▪	Highest Daily Lifetime Income 2.0;


▪	Spousal Highest Daily Lifetime Income 2.0;


▪	Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit; and


▪	Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit.

The Highest Daily Lifetime Income Suite (offered from January 24, 2011 to August 19, 2012):


▪	Highest Daily Lifetime Income;


▪	Spousal Highest Daily Lifetime Income.

The Highest Daily Lifetime 6 Plus Suite (offered from March 15, 2010 to January 23, 2011):


▪	Highest Daily Lifetime 6 Plus Income Benefit;


▪	Spousal Highest Daily Lifetime 6 Plus Income Benefit.

TRANSFERS OF ACCOUNT VALUE BETWEEN YOUR Permitted Sub-accounts AND THE
AST INVESTMENT GRADE BOND SUB-ACCOUNT

TERMS AND DEFINITIONS REFERENCED IN THE CALCULATION FORMULAS:


▪	C_u – the upper target is established on the effective date of the Highest Daily Lifetime Income v2.1 Suite, Highest Daily Lifetime Income 2.0 Suite, Highest Daily Lifetime Income Suite and Highest Daily Lifetime 6 Plus Suite of benefits (the “Effective Date”) and is not changed for the life of the guarantee. Currently, it is 83%.


▪	Cu_s – The secondary upper target is established on the Effective Date and is not changed for the life of the guarantee. Currently it is 84.5%


▪	C_t – the target is established on the Effective Date and is not changed for the life of the guarantee. Currently, it is 80%.


▪	C_l – the lower target is established on the Effective Date and is not changed for the life of the guarantee. Currently, it is 78%.


▪	L – the target value as of the current Valuation Day.


▪	r – the target ratio.


▪	a – factors used in calculating the target value. These factors are established on the Effective Date and are not changed for the life of the guarantee. (See below for the table of “a” factors)


▪	V – the total value of all Permitted Sub-accounts in the Annuity.


▪	B – the total value of the AST Investment Grade Bond Sub-account.

▪

P – Income Basis. Prior to the first Lifetime Withdrawal, the Income Basis is equal to the Protected Withdrawal Value calculated as if the first Lifetime Withdrawal were taken on the date of calculation. After the first Lifetime Withdrawal, the Income Basis is equal to the greater of (1) the Protected Withdrawal Value on the date of the first Lifetime Withdrawal, increased for additional Purchase Payments, including the amount of any associated Purchase Credits, and adjusted proportionally for Excess Income *, and (2) the Protected Withdrawal Value on any Annuity Anniversary subsequent to the first Lifetime Withdrawal, increased for subsequent additional Purchase Payments (including the amount of any associated Purchase Credits) and adjusted proportionately for Excess Income* and (3) any highest daily

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Account Value occurring on or after the later of the immediately preceding anniversary of the Issue Date, or the date of the first Lifetime Withdrawal, and prior to or including the date of this calculation, increased for additional Purchase Payments (including the amount of any associated Purchase Credits) and adjusted for withdrawals, as described herein.


▪	T – the amount of a transfer into or out of the AST Investment Grade Bond Sub-account.


▪	T_M – the amount of a monthly transfer out of the AST Investment Grade Bond Sub-account.


*	Note: Lifetime Withdrawals of less than or equal to the Annual Income Amount do not reduce the Income Basis.

DAILY TARGET VALUE CALCULATION:

On each Valuation Day, a target value (L) is calculated, according to the following formula. Target Values are subject to change for new elections of this benefit on a going-forward basis.



L	=	0.05 * P * a

Daily Transfer Calculation:

The following formula, which is set on the Benefit Effective Date and is not changed for the life of the guarantee, determines when a transfer is required:



Target Ratio r	=	(L – B) / V


▪	If on the third consecutive Valuation Day r > Cu and r (less or =) Cu_s or if on any day r > Cu_s, and transfers have not been suspended due to the 90% cap rule, assets in the Permitted Sub-accounts and the Fixed Allocations, if applicable, are transferred to the AST Investment Grade Bond Sub-account.


▪	If r < C_l, and there are currently assets in the AST Investment Grade Bond Sub-account (B > 0), assets in the AST Investment Grade Bond Sub-account are transferred to the Permitted Sub-accounts as described above.

90% CAP RULE: If, on any Valuation Day this benefit remains in effect, a transfer into the AST Investment Grade Bond Sub-account occurs that results in 90% of the Account Value being allocated to the AST Investment Grade Bond Sub-account, any transfers into the AST Investment Grade Bond Sub-account will be suspended, even if the formula would otherwise dictate that a transfer into the AST Investment Grade Bond Sub-account should occur. Transfers out of the AST Investment Grade Bond Sub-account and into the elected Sub-accounts will still be allowed. The suspension will be lifted once a transfer out of the AST Investment Grade Bond Sub-account occurs either due to a Daily or Monthly Transfer Calculation. Due to the performance of the AST Investment Grade Bond Sub-account and the elected Sub-accounts, the Account Value could be more than 90% invested in the AST Investment Grade Bond Sub-account.

The following formula, which is set on the Benefit Effective Date and is not changed for the life of the guarantee, determines the transfer amount:



T	=	Min (MAX (0, 0.90 * (V + B)) – B, [L – B – V * C_t] / (1 – C_t))	Money is transferred from the Permitted Sub-accounts and the Fixed Allocations to the AST Investment Grade Bond Sub-account
T	=	{Min (B, – [L – B – V * C_t] / (1 – C_t))}	Money is transferred from the AST Investment Grade Bond Sub-account to the Permitted Sub-accounts

Monthly Transfer Calculation

On each monthly anniversary of the Annuity Issue Date and following the daily Transfer Calculation above, the following formula determines if a transfer from the AST Investment Grade Bond Sub-account to the Permitted Sub-accounts will occur:

If, after the daily Transfer Calculation is performed,

{Min (B, .05 * (V + B))} (less than) (C_u * V – L + B) / (1 – C_u), then



T_M	=	{Min (B, .05 * (V + B))}	Money is transferred from the AST Investment Grade Bond Sub-account to the Permitted Sub-accounts.

Targets referenced in the Transfer Calculation Formula:

C_u = [83%

Cu_s = 84.5%

C_t = 80%

C_l = 78%]

H-2

“a” Factors for Liability Calculations

(in Years and Months since Benefit Effective Date)*



Years	Months 1	2	3	4	5	6	7	8	9	10	11	12
1	15.34	15.31	15.27	15.23	15.20	15.16	15.13	15.09	15.05	15.02	14.98	14.95
2	14.91	14.87	14.84	14.80	14.76	14.73	14.69	14.66	14.62	14.58	14.55	14.51
3	14.47	14.44	14.40	14.36	14.33	14.29	14.26	14.22	14.18	14.15	14.11	14.07
4	14.04	14.00	13.96	13.93	13.89	13.85	13.82	13.78	13.74	13.71	13.67	13.63
5	13.60	13.56	13.52	13.48	13.45	13.41	13.37	13.34	13.30	13.26	13.23	13.19
6	13.15	13.12	13.08	13.04	13.00	12.97	12.93	12.89	12.86	12.82	12.78	12.75
7	12.71	12.67	12.63	12.60	12.56	12.52	12.49	12.45	12.41	12.38	12.34	12.30
8	12.26	12.23	12.19	12.15	12.12	12.08	12.04	12.01	11.97	11.93	11.90	11.86
9	11.82	11.78	11.75	11.71	11.67	11.64	11.60	11.56	11.53	11.49	11.45	11.42
10	11.38	11.34	11.31	11.27	11.23	11.20	11.16	11.12	11.09	11.05	11.01	10.98
11	10.94	10.90	10.87	10.83	10.79	10.76	10.72	10.69	10.65	10.61	10.58	10.54
12	10.50	10.47	10.43	10.40	10.36	10.32	10.29	10.25	10.21	10.18	10.14	10.11
13	10.07	10.04	10.00	9.96	9.93	9.89	9.86	9.82	9.79	9.75	9.71	9.68
14	9.64	9.61	9.57	9.54	9.50	9.47	9.43	9.40	9.36	9.33	9.29	9.26
15	9.22	9.19	9.15	9.12	9.08	9.05	9.02	8.98	8.95	8.91	8.88	8.84
16	8.81	8.77	8.74	8.71	8.67	8.64	8.60	8.57	8.54	8.50	8.47	8.44
17	8.40	8.37	8.34	8.30	8.27	8.24	8.20	8.17	8.14	8.10	8.07	8.04
18	8.00	7.97	7.94	7.91	7.88	7.84	7.81	7.78	7.75	7.71	7.68	7.65
19	7.62	7.59	7.55	7.52	7.49	7.46	7.43	7.40	7.37	7.33	7.30	7.27
20	7.24	7.21	7.18	7.15	7.12	7.09	7.06	7.03	7.00	6.97	6.94	6.91
21	6.88	6.85	6.82	6.79	6.76	6.73	6.70	6.67	6.64	6.61	6.58	6.55
22	6.52	6.50	6.47	6.44	6.41	6.38	6.36	6.33	6.30	6.27	6.24	6.22
23	6.19	6.16	6.13	6.11	6.08	6.05	6.03	6.00	5.97	5.94	5.92	5.89
24	5.86	5.84	5.81	5.79	5.76	5.74	5.71	5.69	5.66	5.63	5.61	5.58
25	5.56	5.53	5.51	5.48	5.46	5.44	5.41	5.39	5.36	5.34	5.32	5.29
26	5.27	5.24	5.22	5.20	5.18	5.15	5.13	5.11	5.08	5.06	5.04	5.01
27	4.99	4.97	4.95	4.93	4.91	4.88	4.86	4.84	4.82	4.80	4.78	4.75
28	4.73	4.71	4.69	4.67	4.65	4.63	4.61	4.59	4.57	4.55	4.53	4.51
29	4.49	4.47	4.45	4.43	4.41	4.39	4.37	4.35	4.33	4.32	4.30	4.28
30	4.26	4.24	4.22	4.20	4.18	4.17	4.15	4.13	4.11	4.09	4.07	4.06**


*	The values set forth in this table are applied to all ages.


**	In all subsequent years and months thereafter, the annuity factor is 4.06

H-3



PLEASE SEND ME A STATEMENT OF ADDITIONAL INFORMATION THAT CONTAINS FURTHER DETAILS ABOUT THE PRUCO LIFE OF NEW JERSEY PRUDENTIAL PREMIER^® RETIREMENT VARIABLE ANNUITY X SERIES, B SERIES, L SERIES AND C SERIES^SM ANNUITY DESCRIBED IN PROSPECTUS (April 29, 2019)

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PPRTNY2PROS

PART B
STATEMENT OF ADDITIONAL INFORMATION

April 29, 2019

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
VARIABLE ANNUITY CONTRACTS

The Prudential Premier^® Retirement Variable Annuity X SERIES^SM ("X SERIES"), B SERIES^SM ("B SERIES"), L SERIES^SM ("L SERIES"), and C SERIES^SM ("C SERIES") annuity contracts (the "Annuities" or the "Annuity") are individual variable annuity contracts issued by Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey"), a stock life insurance company that is an indirect wholly-owned subsidiary of The Prudential Insurance Company of America ("Prudential") and is funded through the Pruco Life of New Jersey Flexible Premium Variable Annuity Account (the "Account"). Each Annuity could be purchased by making an initial purchase payment of $10,000 (except the B Series, which has a $1,000 minimum initial purchase payment or more). With some restrictions, you can make additional purchase payments by means other than electronic fund transfer of no less than $100 at any time during the accumulation phase. However, we impose a minimum of $50 with respect to additional purchase payments made through electronic fund transfers.

This Statement of Additional Information is not a prospectus and should be read in conjunction with the X Series, the L Series, the B Series and the C Series prospectus dated April 29, 2019. To obtain a copy of the prospectus, without charge, you can write to the Prudential Annuity Service Center, P.O. Box 7960, Philadelphia, Pennsylvania 19176, or contact us by telephone at (888) PRU-2888.

TABLE OF CONTENTS



		PAGE
Company		2
Experts		2
Principal Underwriter		2
Payments Made to Promote Sale of Our Products		2
Cyber Security Risk		2
Determination of Accumulation Unit Values		A 1
Separate Account Financial Information		A1
Company Financial Information		B1
Pruco Life Insurance Company 213 Washington Street Newark, NY 07102-2992	Prudential Annuity Service Center P.O. Box 7960 Philadelphia, PA 19176 Newark, NY 07102-2992 Telephone: (888) Pru-2888

The Prudential Premier Retirement Variable Annuity X Series^SM ("X Series"), B Series^SM ("B Series"), L Series^SM (“L Series") and C Series^SM ("C Series") are service marks of The Prudential Insurance Company of America.

COMPANY

Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey") is a stock life insurance company organized in 1982 under the laws of the State of New Jersey. Pruco Life of New Jersey is licensed to sell life insurance and annuities in the states of New Jersey and New York.

Pruco Life of New Jersey is a wholly-owned subsidiary of Pruco Life Insurance Company, which is a wholly-owned subsidiary of The Prudential Insurance Company of America ("Prudential"), a stock life insurance company founded in 1875 under the laws of the State of New Jersey. Prudential is a direct wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential Financial"), a New Jersey insurance holding company.

EXPERTS

The financial statements of Pruco Life Insurance Company of New Jersey as of December 31, 2018 and 2017, and for each of the three years in the period ended December 31, 2018 and the financial statements of Pruco Life of New Jersey Flexible Premium Variable Annuity Account as of December 31, 2018 and for each of the periods presented included in this Statement of Additional Information have been so included in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

PRINCIPAL UNDERWRITER

Prudential Annuities Distributors, Inc. ("PAD"), an indirect wholly-owned subsidiary of Prudential Financial, offers each Annuity on a continuous basis in those states in which annuities may be lawfully sold. It may offer the Annuities through licensed insurance producers, or through appropriately registered affiliates of Prudential, provided clearances to do so are obtained in any jurisdiction where such clearances may be necessary.

With respect to all individual annuities issued by Pruco Life of New Jersey, PAD received commissions of $73,232,387.43, $62,132,654.93 and $71,182,724.72 in 2018, 2017, and 2016, respectively. PAD retained none of those commissions.

As discussed in the prospectus, Pruco Life of New Jersey pays commissions to broker/dealers that sell the Annuities according to one or more schedules, and also may pay non-cash compensation. In addition, Pruco Life of New Jersey may pay trail commissions to selling firms to pay its registered representatives who maintain an ongoing relationship with an annuity owner. Typically, a trail commission is compensation that is paid periodically, the amount of which is linked to the value of the Annuities and the amount of time that the Annuities have been in effect.

PAYMENTS MADE TO PROMOTE SALE OF OUR PRODUCTS

In an effort to promote the sale of our products (which may include the placement of Pruco Life of New Jersey and/or each Annuity on a preferred or recommended company or product list and/or access to the firm's registered representatives), we and/or PAD may pay certain broker-dealers cash compensation in the form of: commissions according to one or more schedules; percentage payments based on “Assets Under Management” (total assets”) subject to certain criteria in certain Pruco Life products; and/or percentage payments based on the total amount of money received as purchase payments under Pruco Life annuity products sold through the broker-dealer.

In addition, we, or PAD, may pay non-cash compensation to broker-dealer firms. These non-cash compensation payments may include but are not limited to payment for: training of sales personnel; marketing and administrative services; educating customers of the firm on each Annuity's features; conducting due diligence and analysis; providing office access, operations and systems support; holding seminars intended to educate the firm's registered representatives and make them more knowledgeable about the annuity; providing a dedicated marketing coordinator; providing priority sales desk support and providing expedited marketing compliance approval. We, and/or PAD, also may compensate third-party vendors, for services that such vendors render to broker-dealer firms.

Additional examples of arrangements under which such payments may be made currently include, but are not limited to: sponsorships, conferences (national, regional and top producer), speaker fees, promotional items, and reimbursements to firms for marketing activities or services paid by the firms and/or their individual representatives. To the extent permitted by FINRA rules and other applicable laws and regulations, we, or PAD, may also pay or allow other promotional incentives or payments in other forms of non-cash compensation (e.g., gifts, occasional meals and entertainment, sponsorship of due diligence events). Under certain circumstances, Portfolio advisers/subadvisers or other organizations with which we do business (“entities”) may also receive incidental non-cash compensation, such as meals and nominal gifts. The amount of these payments varies widely because some payments may encompass only a single event, such as a conference, and others have a much broader scope.

The lists in the prospectus includes the names of the firms and entities that we are aware (as of December 31, 2018) received payment with respect to annuity business during 2018 (or as to which a payment amount was accrued during 2018). The firms listed include payments in connection with products issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Your registered representative can provide you with more information about the compensation arrangements that apply upon the sale of the contract.

During 2018, non-cash compensation received by Firms and Entities ranged from $32.10 to $725,502.92. During 2018, cash compensation received by Firms ranged from $1.20 to $18,586,082.28.

CYBER SECURITY RISK

With the increasing use of technology and computer systems in general and, in particular, the Internet to conduct necessary business functions, Pruco Life of New Jersey is susceptible to operational, information security and related risks. These risks, which are often collectively referred to as “cyber security” risks, may include deliberate or malicious attacks, as well as unintentional events and occurrences. These risks are heightened by our offering of products with certain features, including those with automatic asset transfer or re-allocation strategies, and by our employment of

complex investment, trading and hedging programs. Cyber security is generally defined as the technology, operations and related protocol surrounding and protecting a user’s computer hardware, network, systems and applications and the data transmitted and stored therewith. These measures ensure the reliability of a user’s systems, as well as the security, availability, integrity, and confidentiality of data assets.

Deliberate cyber attacks can include, but are not limited to, gaining unauthorized access (including physical break-ins and attempts to fraudulently induce employees, customers or other users of these systems to disclose sensitive information in order to gain access) to computer systems in order to misappropriate and/or disclose sensitive or confidential information; deleting, corrupting or modifying data; and causing operational disruptions. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing denial-of-service attacks on websites (in order to prevent access to computer networks). In addition to deliberate breaches engineered by external actors, cyber security risks can also result from the conduct of malicious, exploited or careless insiders, whose actions may result in the destruction, release or disclosure of confidential or proprietary information stored on an organization’s systems.

Cyber security failures or breaches that could impact Pruco Life of New Jersey and Owners, whether deliberate or unintentional, could arise not only in connection with our own administration of the Annuity, but also with entities operating the Annuity’s underlying funds and with third-party service providers to Pruco Life of New Jersey. Cyber security failures originating with any of the entities involved with the offering and administration of the Annuity may cause significant disruptions in the business operations related to the Annuity. Potential impacts may include, but are not limited to, potential financial losses under the Annuity, your inability to conduct transactions under the Annuity and/or with respect to an underlying fund, an inability to calculate the accumulation unit value (AUV) with respect to the Annuity and/or the net asset value (NAV) with respect to an underlying fund, and disclosures of your personal or confidential account information.

In addition to direct impacts to you, cyber security failures of the type described above may result in adverse impacts to Pruco Life of New Jersey, including regulatory inquiries, regulatory proceedings, regulatory and/or legal and litigation costs, and reputational damage. Costs incurred by Pruco Life of New Jersey may include reimbursement and other expenses, including the costs of litigation and litigation settlements and additional compliance costs. Considerable expenses also may be incurred by Pruco Life of New Jersey in enhancing and upgrading computer systems and systems security following a cyber security failure.

The rapid proliferation of technologies, as well as the increased sophistication and activities of organized crime, hackers, terrorists, hostile foreign governments, and others continue to pose new and significant cyber security threats. Although Pruco Life of New Jersey, our service providers, and the underlying funds offered under the Annuity may have established business continuity plans and risk management systems to mitigate cyber security risks, there can be no guarantee or assurance that such plans or systems will be effective, or that all risks that exist, or may develop in the future, have been completely anticipated and identified or can be protected against. Furthermore, Pruco Life of New Jersey cannot control or assure the efficacy of the cyber security plans and systems implemented by third-party service providers, the underlying funds, and the issuers in which the underlying funds invest.

In March 2017, the New York Department of Financial Services’ (DFS) new cyber security regulation went into effect. The regulation requires financial institutions regulated by the New York DFS, including Pruco Life of New Jersey, to establish a cyber security program. The regulation includes specific technical safeguards as well as requirements regarding governance, incident planning, data management, system testing, vendor oversight and regulator notification. In addition, in October 2017, the NAIC adopted the Insurance Data Security Model Law that is consistent with the New York regulation. The Model Law in turn is expected to form the basis for legislation in other states. We are monitoring regulatory guidance and rulemaking in this area, and may be subject to increased compliance costs and regulatory requirements.

DETERMINATION OF ACCUMULATION UNIT VALUES

The value for each accumulation unit (which we refer to as the "Unit Price") is computed as of the end of each Valuation Day applicable. On any given Valuation Day, the value of a Unit in each Sub-account will be determined by multiplying the value of a Unit of that Sub-account for the preceding Valuation Day by the net investment factor for the Sub-account for the current Valuation Day. The Unit Price for a Valuation Period applies to each day in the period. The net investment factor is an index that measures the investment performance of, and charges assessed against, a Sub-account from one Valuation Period to the next. The net investment factor for a Valuation Period is: (a) divided by (b), less, (c) where:


(a)	is the net result of:


(1)	the net asset value per share of the underlying Portfolio shares held by that Sub-account at the end of the current Valuation Period plus the per share amount of any dividend or capital gain distribution declared and unpaid (accrued) by the Portfolio at the end of the current Valuation Period; plus or minus


(2)	any per share charge or credit during the current Valuation Period as a provision for taxes attributable to the operation or maintenance of that Sub-account.


(b)	is the net result of:


(1)	the net asset value per share of the underlying Portfolio shares held by that Sub-account at the end of the preceding Valuation Period plus the per share amount of any dividend or capital gain distribution declared and unpaid (accrued) by the underlying Portfolio at the end of the preceding Valuation Period; plus or minus


(2)	any per share charge or credit during the preceding Valuation Period as a provision for taxes attributable to the operation or maintenance of that Sub-account.


(c)	is the Insurance Charge and any applicable charge assessed against a Sub-account for any Rider attached to this Annuity corresponding to the portion of the 365 day year (366 for a leap year) that is in the current Valuation Period.

We value the assets in each Sub-account at their fair market value in accordance with accepted accounting practices and applicable laws and regulations. The net investment factor may be greater than, equal to, or less than one.

As we have indicated in the prospectus, the Annuity allows you to select or decline any of several benefit options that carries with it a specific asset-based charge. We maintain a unique unit value corresponding to each such annuity feature. In the prospectus, we set out historical unit values corresponding to the highest and lowest combination of charges for each series. Here, we set out the remaining historical unit values.

A 1



PREMIER RETIREMENT X SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HAV (2.25%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96742	$10.76805	431,320
01/01/2011 to 12/31/2011	$10.76805	$10.24627	569,139
01/01/2012 to 12/31/2012	$10.24627	$11.27388	806,989
01/01/2013 to 12/31/2013	$11.27388	$12.11939	802,985
01/01/2014 to 12/31/2014	$12.11939	$12.29910	647,650
01/01/2015 to 12/31/2015	$12.29910	$11.63528	512,860
01/01/2016 to 12/31/2016	$11.63528	$12.09474	448,962
01/01/2017 to 12/31/2017	$12.09474	$13.31127	434,979
01/01/2018 to 12/31/2018	$13.31127	$11.95159	315,923
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97811	$10.87354	348,046
01/01/2011 to 12/31/2011	$10.87354	$10.64117	553,672
01/01/2012 to 12/31/2012	$10.64117	$11.82107	1,004,310
01/01/2013 to 12/31/2013	$11.82107	$13.46830	1,054,604
01/01/2014 to 12/31/2014	$13.46830	$13.96943	1,014,351
01/01/2015 to 12/31/2015	$13.96943	$13.76480	844,053
01/01/2016 to 12/31/2016	$13.76480	$14.41208	776,262
01/01/2017 to 12/31/2017	$14.41208	$16.47350	768,388
01/01/2018 to 12/31/2018	$16.47350	$15.15297	642,811
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98838	$10.72654	565,821
01/01/2011 to 12/31/2011	$10.72654	$10.35809	1,067,308
01/01/2012 to 12/31/2012	$10.35809	$11.38784	1,565,142
01/01/2013 to 12/31/2013	$11.38784	$13.09623	1,621,607
01/01/2014 to 12/31/2014	$13.09623	$13.63647	1,579,618
01/01/2015 to 12/31/2015	$13.63647	$13.39310	1,504,311
01/01/2016 to 12/31/2016	$13.39310	$13.91700	1,419,778
01/01/2017 to 12/31/2017	$13.91700	$15.63262	1,350,587
01/01/2018 to 12/31/2018	$15.63262	$14.52502	1,191,396
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99813	$9.12934	109,338
01/01/2012 to 12/31/2012	$9.12934	$9.98507	332,209
01/01/2013 to 12/31/2013	$9.98507	$10.81976	308,527
01/01/2014 to 12/31/2014	$10.81976	$11.09403	287,171
01/01/2015 to 12/31/2015	$11.09403	$10.51899	273,968
01/01/2016 to 12/31/2016	$10.51899	$10.99861	226,140
01/01/2017 to 12/31/2017	$10.99861	$12.10776	224,381
01/01/2018 to 12/31/2018	$12.10776	$11.20908	171,465
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00755	$10.05702	24,185
01/01/2011 to 12/31/2011	$10.05702	$10.05211	39,230
01/01/2012 to 12/31/2012	$10.05211	$10.28689	78,036
01/01/2013 to 12/31/2013	$10.28689	$9.83673	83,774
01/01/2014 to 12/31/2014	$9.83673	$9.60622	86,982
01/01/2015 to 12/31/2015	$9.60622	$9.43559	80,326
01/01/2016 to 12/31/2016	$9.43559	$9.37447	70,873
01/01/2017 to 12/31/2017	$9.37447	$9.32036	72,767
01/01/2018 to 12/31/2018	$9.32036	$9.17754	55,084

A 2



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00648	$10.32899	450,024
01/01/2011 to 12/31/2011	$10.32899	$10.41787	569,705
01/01/2012 to 12/31/2012	$10.41787	$11.13235	1,024,129
01/01/2013 to 12/31/2013	$11.13235	$10.68201	1,278,914
01/01/2014 to 12/31/2014	$10.68201	$10.88347	1,158,148
01/01/2015 to 12/31/2015	$10.88347	$10.41425	1,032,478
01/01/2016 to 12/31/2016	$10.41425	$10.61089	933,851
01/01/2017 to 12/31/2017	$10.61089	$10.82519	993,905
01/01/2018 to 12/31/2018	$10.82519	$10.51040	826,581
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97730	$10.80703	209,707
01/01/2011 to 12/31/2011	$10.80703	$10.30795	279,185
01/01/2012 to 12/31/2012	$10.30795	$11.45833	434,151
01/01/2013 to 12/31/2013	$11.45833	$13.74096	506,491
01/01/2014 to 12/31/2014	$13.74096	$14.37133	498,602
01/01/2015 to 12/31/2015	$14.37133	$14.12289	506,696
01/01/2016 to 12/31/2016	$14.12289	$14.74972	572,807
01/01/2017 to 12/31/2017	$14.74972	$16.99829	538,470
01/01/2018 to 12/31/2018	$16.99829	$15.58075	464,093
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99813	$11.60224	0
01/01/2014 to 12/31/2014	$11.60224	$12.88470	1,467
01/01/2015 to 12/31/2015	$12.88470	$12.14491	5,444
01/01/2016 to 12/31/2016	$12.14491	$13.64051	26,258
01/01/2017 to 12/31/2017	$13.64051	$15.78842	28,918
01/01/2018 to 12/31/2018	$15.78842	$14.69587	19,197
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95952	$11.75731	24,817
01/01/2011 to 12/31/2011	$11.75731	$12.25065	40,377
01/01/2012 to 12/31/2012	$12.25065	$13.81247	109,176
01/01/2013 to 12/31/2013	$13.81247	$13.92468	98,098
01/01/2014 to 12/31/2014	$13.92468	$17.81930	102,459
01/01/2015 to 12/31/2015	$17.81930	$18.26214	103,971
01/01/2016 to 12/31/2016	$18.26214	$18.71186	84,316
01/01/2017 to 12/31/2017	$18.71186	$19.43432	71,148
01/01/2018 to 12/31/2018	$19.43432	$18.09139	53,247
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97561	$10.98843	258,959
01/01/2011 to 12/31/2011	$10.98843	$10.57997	507,010
01/01/2012 to 12/31/2012	$10.57997	$11.44137	854,714
01/01/2013 to 12/31/2013	$11.44137	$12.83487	832,978
01/01/2014 to 12/31/2014	$12.83487	$12.94154	823,214
01/01/2015 to 12/31/2015	$12.94154	$12.77566	832,108
01/01/2016 to 12/31/2016	$12.77566	$13.02015	828,693
01/01/2017 to 12/31/2017	$13.02015	$14.82457	815,314
01/01/2018 to 12/31/2018	$14.82457	$13.36694	662,321

A 3



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96980	$11.51747	12,869
01/01/2011 to 12/31/2011	$11.51747	$10.69136	17,786
01/01/2012 to 12/31/2012	$10.69136	$13.25162	36,915
01/01/2013 to 12/31/2013	$13.25162	$13.51659	37,775
01/01/2014 to 12/31/2014	$13.51659	$15.05211	29,298
01/01/2015 to 12/31/2015	$15.05211	$14.70024	27,431
01/01/2016 to 12/31/2016	$14.70024	$14.49894	24,529
01/01/2017 to 12/31/2017	$14.49894	$15.71661	25,181
01/01/2018 to 12/31/2018	$15.71661	$14.63757	19,648
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99138	$10.73926	21,588
01/01/2011 to 12/31/2011	$10.73926	$9.91864	24,033
01/01/2012 to 12/31/2012	$9.91864	$11.60183	41,367
01/01/2013 to 12/31/2013	$11.60183	$15.14494	39,916
01/01/2014 to 12/31/2014	$15.14494	$16.74843	38,179
01/01/2015 to 12/31/2015	$16.74843	$15.61495	150,026
01/01/2016 to 12/31/2016	$15.61495	$17.02618	141,401
01/01/2017 to 12/31/2017	$17.02618	$18.26632	167,001
01/01/2018 to 12/31/2018	$18.26632	$16.33069	131,442
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01945	$11.38858	35,051
01/01/2011 to 12/31/2011	$11.38858	$10.80123	49,124
01/01/2012 to 12/31/2012	$10.80123	$12.62870	95,041
01/01/2013 to 12/31/2013	$12.62870	$16.31849	121,937
01/01/2014 to 12/31/2014	$16.31849	$17.79006	124,673
01/01/2015 to 12/31/2015	$17.79006	$16.40110	209,622
01/01/2016 to 12/31/2016	$16.40110	$16.29660	209,140
01/01/2017 to 12/31/2017	$16.29660	$20.24691	192,042
01/01/2018 to 12/31/2018	$20.24691	$18.92817	162,710
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98787	$10.67608	206,860
01/01/2011 to 12/31/2011	$10.67608	$10.38337	308,578
01/01/2012 to 12/31/2012	$10.38337	$11.17746	483,836
01/01/2013 to 12/31/2013	$11.17746	$11.99906	421,762
01/01/2014 to 12/31/2014	$11.99906	$12.20300	344,665
01/01/2015 to 12/31/2015	$12.20300	$11.81989	310,472
01/01/2016 to 12/31/2016	$11.81989	$12.16180	277,768
01/01/2017 to 12/31/2017	$12.16180	$13.34926	302,927
01/01/2018 to 12/31/2018	$13.34926	$12.12640	229,256
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96476	$11.46350	54,705
01/01/2011 to 12/31/2011	$11.46350	$11.35182	69,813
01/01/2012 to 12/31/2012	$11.35182	$12.83700	117,064
01/01/2013 to 12/31/2013	$12.83700	$17.41854	122,380
01/01/2014 to 12/31/2014	$17.41854	$18.25228	122,259
01/01/2015 to 12/31/2015	$18.25228	$16.86128	116,588
01/01/2016 to 12/31/2016	$16.86128	$20.49014	101,187
01/01/2017 to 12/31/2017	$20.49014	$22.47166	104,541
01/01/2018 to 12/31/2018	$22.47166	$18.87404	92,934

A 4



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99814	$9.81989	31,610
01/01/2011 to 12/31/2011	$9.81989	$9.60142	30,753
01/01/2012 to 12/31/2012	$9.60142	$9.38546	43,944
01/01/2013 to 12/31/2013	$9.38546	$9.17441	92,019
01/01/2014 to 12/31/2014	$9.17441	$8.96801	49,416
01/01/2015 to 12/31/2015	$8.96801	$8.76614	81,874
01/01/2016 to 12/31/2016	$8.76614	$8.56955	43,849
01/01/2017 to 12/31/2017	$8.56955	$8.40590	62,066
01/01/2018 to 12/31/2018	$8.40590	$8.32253	58,190
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98410	$10.73754	26,448
01/01/2011 to 12/31/2011	$10.73754	$10.82944	39,596
01/01/2012 to 12/31/2012	$10.82944	$12.05412	110,900
01/01/2013 to 12/31/2013	$12.05412	$12.62898	157,679
01/01/2014 to 12/31/2014	$12.62898	$12.66049	156,738
01/01/2015 to 12/31/2015	$12.66049	$11.93454	139,101
01/01/2016 to 12/31/2016	$11.93454	$13.46289	124,595
01/01/2017 to 12/31/2017	$13.46289	$14.14411	108,275
01/01/2018 to 12/31/2018	$14.14411	$13.54958	96,375
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99012	$10.59398	36,126
01/01/2011 to 12/31/2011	$10.59398	$9.92264	39,480
01/01/2012 to 12/31/2012	$9.92264	$11.33684	88,644
01/01/2013 to 12/31/2013	$11.33684	$15.49925	155,824
01/01/2014 to 12/31/2014	$15.49925	$17.23326	173,419
01/01/2015 to 12/31/2015	$17.23326	$15.52549	163,500
01/01/2016 to 12/31/2016	$15.52549	$18.19504	150,060
01/01/2017 to 12/31/2017	$18.19504	$21.20063	149,053
01/01/2018 to 12/31/2018	$21.20063	$17.78839	144,576
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92896	$11.23065	27,261
01/01/2011 to 12/31/2011	$11.23065	$9.55935	50,441
01/01/2012 to 12/31/2012	$9.55935	$11.24704	84,722
01/01/2013 to 12/31/2013	$11.24704	$13.08908	102,837
01/01/2014 to 12/31/2014	$13.08908	$12.08765	95,166
01/01/2015 to 12/31/2015	$12.08765	$12.18766	67,575
01/01/2016 to 12/31/2016	$12.18766	$11.46390	66,985
01/01/2017 to 12/31/2017	$11.46390	$15.17688	66,827
01/01/2018 to 12/31/2018	$15.17688	$12.85599	64,752
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92883	$10.77050	13,189
01/01/2011 to 12/31/2011	$10.77050	$9.20716	28,519
01/01/2012 to 12/31/2012	$9.20716	$10.50060	46,673
01/01/2013 to 12/31/2013	$10.50060	$12.26269	50,566
01/01/2014 to 12/31/2014	$12.26269	$11.18317	53,788
01/01/2015 to 12/31/2015	$11.18317	$11.02087	48,028
01/01/2016 to 12/31/2016	$11.02087	$10.83598	43,857
01/01/2017 to 12/31/2017	$10.83598	$13.00945	51,109
01/01/2018 to 12/31/2018	$13.00945	$10.66329	44,462

A 5



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00636	$10.57538	0
01/01/2011 to 12/31/2011	$10.57538	$11.62439	2,945,528
01/01/2012 to 12/31/2012	$11.62439	$12.43067	1,265,810
01/01/2013 to 12/31/2013	$12.43067	$11.76425	261,211
01/01/2014 to 12/31/2014	$11.76425	$12.27345	289,797
01/01/2015 to 12/31/2015	$12.27345	$12.13804	1,233,371
01/01/2016 to 12/31/2016	$12.13804	$12.36442	1,393,470
01/01/2017 to 12/31/2017	$12.36442	$12.60814	647,891
01/01/2018 to 12/31/2018	$12.60814	$12.29009	2,572,848
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97637	$10.84666	112,239
01/01/2011 to 12/31/2011	$10.84666	$10.54257	183,823
01/01/2012 to 12/31/2012	$10.54257	$11.70470	279,359
01/01/2013 to 12/31/2013	$11.70470	$13.30421	299,317
01/01/2014 to 12/31/2014	$13.30421	$13.83255	262,965
01/01/2015 to 12/31/2015	$13.83255	$13.37965	218,027
01/01/2016 to 12/31/2016	$13.37965	$13.76160	205,360
01/01/2017 to 12/31/2017	$13.76160	$15.73383	197,340
01/01/2018 to 12/31/2018	$15.73383	$14.24420	175,194
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92148	$10.53303	32,848
01/01/2011 to 12/31/2011	$10.53303	$9.35412	36,283
01/01/2012 to 12/31/2012	$9.35412	$11.14658	51,404
01/01/2013 to 12/31/2013	$11.14658	$12.56950	69,812
01/01/2014 to 12/31/2014	$12.56950	$11.50468	73,789
01/01/2015 to 12/31/2015	$11.50468	$10.93148	74,611
01/01/2016 to 12/31/2016	$10.93148	$10.89254	76,677
01/01/2017 to 12/31/2017	$10.89254	$13.80349	120,900
01/01/2018 to 12/31/2018	$13.80349	$11.13430	125,829
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99813	$10.56309	229,516
01/01/2011 to 12/31/2011	$10.56309	$10.34989	410,984
01/01/2012 to 12/31/2012	$10.34989	$11.20113	668,760
01/01/2013 to 12/31/2013	$11.20113	$12.15712	624,077
01/01/2014 to 12/31/2014	$12.15712	$12.53118	596,555
01/01/2015 to 12/31/2015	$12.53118	$12.22686	555,165
01/01/2016 to 12/31/2016	$12.22686	$12.41110	513,671
01/01/2017 to 12/31/2017	$12.41110	$13.60576	504,299
01/01/2018 to 12/31/2018	$13.60576	$12.61627	434,918
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97098	$10.75142	18,522
01/01/2011 to 12/31/2011	$10.75142	$10.57959	27,785
01/01/2012 to 12/31/2012	$10.57959	$11.91166	64,882
01/01/2013 to 12/31/2013	$11.91166	$15.89294	63,169
01/01/2014 to 12/31/2014	$15.89294	$17.01185	52,583
01/01/2015 to 12/31/2015	$17.01185	$18.39750	36,441
01/01/2016 to 12/31/2016	$18.39750	$17.72116	44,569
01/01/2017 to 12/31/2017	$17.72116	$23.53079	45,633
01/01/2018 to 12/31/2018	$23.53079	$22.62782	39,373

A 6



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99223	$11.27934	99,315
01/01/2011 to 12/31/2011	$11.27934	$10.92525	143,956
01/01/2012 to 12/31/2012	$10.92525	$11.98895	254,834
01/01/2013 to 12/31/2013	$11.98895	$16.00983	191,297
01/01/2014 to 12/31/2014	$16.00983	$17.30696	254,763
01/01/2015 to 12/31/2015	$17.30696	$18.62150	187,687
01/01/2016 to 12/31/2016	$18.62150	$19.21861	162,345
01/01/2017 to 12/31/2017	$19.21861	$24.98539	135,919
01/01/2018 to 12/31/2018	$24.98539	$23.76368	105,952
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98726	$10.86964	37,911
01/01/2011 to 12/31/2011	$10.86964	$10.29257	44,689
01/01/2012 to 12/31/2012	$10.29257	$12.38258	77,508
01/01/2013 to 12/31/2013	$12.38258	$15.44892	104,462
01/01/2014 to 12/31/2014	$15.44892	$15.64955	112,377
01/01/2015 to 12/31/2015	$15.64955	$15.07325	117,600
01/01/2016 to 12/31/2016	$15.07325	$15.78280	123,102
01/01/2017 to 12/31/2017	$15.78280	$19.10683	108,455
01/01/2018 to 12/31/2018	$19.10683	$16.89052	87,625
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99813	$10.84527	24,498
01/01/2011 to 12/31/2011	$10.84527	$10.53864	28,595
01/01/2012 to 12/31/2012	$10.53864	$12.06112	65,216
01/01/2013 to 12/31/2013	$12.06112	$16.11750	72,003
01/01/2014 to 12/31/2014	$16.11750	$17.12716	90,745
01/01/2015 to 12/31/2015	$17.12716	$17.95206	50,771
01/01/2016 to 12/31/2016	$17.95206	$17.88454	44,110
01/01/2017 to 12/31/2017	$17.88454	$22.85208	42,863
01/01/2018 to 12/31/2018	$22.85208	$22.81527	38,097
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99813	$10.17367	0
01/01/2013 to 12/31/2013	$10.17367	$13.37631	2,277
01/01/2014 to 12/31/2014	$13.37631	$14.41134	2,178
01/01/2015 to 12/31/2015	$14.41134	$13.98522	27,839
01/01/2016 to 12/31/2016	$13.98522	$15.50947	38,234
01/01/2017 to 12/31/2017	$15.50947	$17.79054	43,853
01/01/2018 to 12/31/2018	$17.79054	$15.62303	22,355
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99068	$11.20789	27,165
01/01/2011 to 12/31/2011	$11.20789	$10.68385	60,464
01/01/2012 to 12/31/2012	$10.68385	$12.23183	142,923
01/01/2013 to 12/31/2013	$12.23183	$16.97951	130,326
01/01/2014 to 12/31/2014	$16.97951	$18.96278	123,337
01/01/2015 to 12/31/2015	$18.96278	$17.49121	119,427
01/01/2016 to 12/31/2016	$17.49121	$20.21564	113,767
01/01/2017 to 12/31/2017	$20.21564	$22.48705	105,129
01/01/2018 to 12/31/2018	$22.48705	$18.36415	87,033
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99813	$10.28099	88,859
01/01/2013 to 12/31/2013	$10.28099	$11.95058	110,161
01/01/2014 to 12/31/2014	$11.95058	$12.28195	86,993
01/01/2015 to 12/31/2015	$12.28195	$11.85649	91,457
01/01/2016 to 12/31/2016	$11.85649	$12.09127	96,871
01/01/2017 to 12/31/2017	$12.09127	$13.76942	70,392
01/01/2018 to 12/31/2018	$13.76942	$12.34419	53,610

A 7



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93861	$11.64767	37,737
01/01/2011 to 12/31/2011	$11.64767	$9.07776	66,271
01/01/2012 to 12/31/2012	$9.07776	$10.46417	108,527
01/01/2013 to 12/31/2013	$10.46417	$10.25156	148,839
01/01/2014 to 12/31/2014	$10.25156	$9.55151	136,835
01/01/2015 to 12/31/2015	$9.55151	$7.77476	121,998
01/01/2016 to 12/31/2016	$7.77476	$8.53974	81,968
01/01/2017 to 12/31/2017	$8.53974	$10.55016	96,361
01/01/2018 to 12/31/2018	$10.55016	$8.86299	88,968
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98910	$10.57195	603,715
01/01/2011 to 12/31/2011	$10.57195	$10.43743	1,188,318
01/01/2012 to 12/31/2012	$10.43743	$11.26066	1,894,782
01/01/2013 to 12/31/2013	$11.26066	$12.02130	1,799,277
01/01/2014 to 12/31/2014	$12.02130	$12.42940	1,775,637
01/01/2015 to 12/31/2015	$12.42940	$12.16714	1,710,064
01/01/2016 to 12/31/2016	$12.16714	$12.55110	1,624,964
01/01/2017 to 12/31/2017	$12.55110	$13.51232	1,599,011
01/01/2018 to 12/31/2018	$13.51232	$12.83153	1,285,099
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01805	$10.06003	1,333
01/01/2012 to 12/31/2012	$10.06003	$10.53243	20,633
01/01/2013 to 12/31/2013	$10.53243	$10.05728	27,753
01/01/2014 to 12/31/2014	$10.05728	$10.42685	28,423
01/01/2015 to 12/31/2015	$10.42685	$10.16496	27,964
01/01/2016 to 12/31/2016	$10.16496	$10.35507	42,566
01/01/2017 to 12/31/2017	$10.35507	$10.69676	73,394
01/01/2018 to 12/31/2018	$10.69676	$10.36973	71,533
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96312	$11.48131	172,398
01/01/2011 to 12/31/2011	$11.48131	$10.52583	307,423
01/01/2012 to 12/31/2012	$10.52583	$11.61802	517,937
01/01/2013 to 12/31/2013	$11.61802	$13.29017	558,162
01/01/2014 to 12/31/2014	$13.29017	$14.18607	543,166
01/01/2015 to 12/31/2015	$14.18607	$13.78185	957,141
01/01/2016 to 12/31/2016	$13.78185	$14.83243	914,907
01/01/2017 to 12/31/2017	$14.83243	$16.83347	1,605,634
01/01/2018 to 12/31/2018	$16.83347	$15.20287	1,265,509
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99813	$10.86534	8,397
01/01/2011 to 12/31/2011	$10.86534	$10.98844	8,619
01/01/2012 to 12/31/2012	$10.98844	$12.76063	14,906
01/01/2013 to 12/31/2013	$12.76063	$16.51856	26,236
01/01/2014 to 12/31/2014	$16.51856	$18.92632	45,782
01/01/2015 to 12/31/2015	$18.92632	$19.07008	25,356
01/01/2016 to 12/31/2016	$19.07008	$21.40958	25,157
01/01/2017 to 12/31/2017	$21.40958	$25.58620	21,294
01/01/2018 to 12/31/2018	$25.58620	$22.95247	19,858

A 8



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99813	$8.86337	0
01/01/2012 to 12/31/2012	$8.86337	$9.80351	0
01/01/2013 to 12/31/2013	$9.80351	$11.72940	0
01/01/2014 to 12/31/2014	$11.72940	$12.21082	0
01/01/2015 to 12/31/2015	$12.21082	$11.95408	0
01/01/2016 to 12/31/2016	$11.95408	$12.42449	0
01/01/2017 to 12/31/2017	$12.42449	$14.35506	0
01/01/2018 to 12/31/2018	$14.35506	$13.11439	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98719	$10.76013	296,498
01/01/2011 to 12/31/2011	$10.76013	$10.32731	451,420
01/01/2012 to 12/31/2012	$10.32731	$11.13249	780,214
01/01/2013 to 12/31/2013	$11.13249	$12.23567	625,947
01/01/2014 to 12/31/2014	$12.23567	$12.57508	616,177
01/01/2015 to 12/31/2015	$12.57508	$12.27174	565,336
01/01/2016 to 12/31/2016	$12.27174	$12.57388	517,230
01/01/2017 to 12/31/2017	$12.57388	$14.28702	490,454
01/01/2018 to 12/31/2018	$14.28702	$12.86028	376,741
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97146	$12.12889	23,924
01/01/2011 to 12/31/2011	$12.12889	$10.30168	35,434
01/01/2012 to 12/31/2012	$10.30168	$12.09091	39,832
01/01/2013 to 12/31/2013	$12.09091	$16.64246	46,066
01/01/2014 to 12/31/2014	$16.64246	$17.07169	67,429
01/01/2015 to 12/31/2015	$17.07169	$16.91025	34,032
01/01/2016 to 12/31/2016	$16.91025	$17.80329	28,460
01/01/2017 to 12/31/2017	$17.80329	$22.22304	27,766
01/01/2018 to 12/31/2018	$22.22304	$19.36480	21,076
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96051	$12.58784	15,811
01/01/2011 to 12/31/2011	$12.58784	$12.18451	33,429
01/01/2012 to 12/31/2012	$12.18451	$13.36005	68,351
01/01/2013 to 12/31/2013	$13.36005	$17.65301	85,646
01/01/2014 to 12/31/2014	$17.65301	$17.91485	80,936
01/01/2015 to 12/31/2015	$17.91485	$17.64925	82,059
01/01/2016 to 12/31/2016	$17.64925	$19.33651	77,441
01/01/2017 to 12/31/2017	$19.33651	$23.42339	69,625
01/01/2018 to 12/31/2018	$23.42339	$20.96939	61,645
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96394	$11.44014	27,866
01/01/2011 to 12/31/2011	$11.44014	$10.51470	37,493
01/01/2012 to 12/31/2012	$10.51470	$12.14423	62,291
01/01/2013 to 12/31/2013	$12.14423	$16.31113	61,649
01/01/2014 to 12/31/2014	$16.31113	$16.78413	77,139
01/01/2015 to 12/31/2015	$16.78413	$15.69941	65,392
01/01/2016 to 12/31/2016	$15.69941	$19.82893	55,213
01/01/2017 to 12/31/2017	$19.82893	$20.80813	50,923
01/01/2018 to 12/31/2018	$20.80813	$16.86460	46,082

A 9



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99182	$10.66783	464,845
01/01/2011 to 12/31/2011	$10.66783	$10.63514	831,099
01/01/2012 to 12/31/2012	$10.63514	$11.79860	1,444,972
01/01/2013 to 12/31/2013	$11.79860	$13.47467	1,427,761
01/01/2014 to 12/31/2014	$13.47467	$13.94599	1,396,887
01/01/2015 to 12/31/2015	$13.94599	$13.63797	1,711,381
01/01/2016 to 12/31/2016	$13.63797	$14.33758	1,668,341
01/01/2017 to 12/31/2017	$14.33758	$16.17528	1,682,718
01/01/2018 to 12/31/2018	$16.17528	$14.96715	1,399,524
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97071	$11.11086	51,634
01/01/2011 to 12/31/2011	$11.11086	$10.67717	69,525
01/01/2012 to 12/31/2012	$10.67717	$12.27164	168,748
01/01/2013 to 12/31/2013	$12.27164	$17.27695	224,812
01/01/2014 to 12/31/2014	$17.27695	$18.29754	210,841
01/01/2015 to 12/31/2015	$18.29754	$19.59991	210,443
01/01/2016 to 12/31/2016	$19.59991	$19.67693	195,700
01/01/2017 to 12/31/2017	$19.67693	$26.52306	217,682
01/01/2018 to 12/31/2018	$26.52306	$26.92536	177,240
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98574	$10.64323	18,467
01/01/2011 to 12/31/2011	$10.64323	$10.35290	33,753
01/01/2012 to 12/31/2012	$10.35290	$11.47584	81,704
01/01/2013 to 12/31/2013	$11.47584	$15.10229	59,726
01/01/2014 to 12/31/2014	$15.10229	$14.99253	63,887
01/01/2015 to 12/31/2015	$14.99253	$13.76652	58,741
01/01/2016 to 12/31/2016	$13.76652	$14.28222	54,240
01/01/2017 to 12/31/2017	$14.28222	$16.27275	51,706
01/01/2018 to 12/31/2018	$16.27275	$14.36016	53,173
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85938	$11.44967	75,034
01/01/2011 to 12/31/2011	$11.44967	$9.52270	96,235
01/01/2012 to 12/31/2012	$9.52270	$9.64469	167,481
01/01/2013 to 12/31/2013	$9.64469	$10.87778	168,269
01/01/2014 to 12/31/2014	$10.87778	$9.74398	163,531
01/01/2015 to 12/31/2015	$9.74398	$7.69080	171,401
01/01/2016 to 12/31/2016	$7.69080	$9.36881	220,648
01/01/2017 to 12/31/2017	$9.36881	$10.10247	135,105
01/01/2018 to 12/31/2018	$10.10247	$8.22944	107,671
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97981	$10.28723	40,967
01/01/2011 to 12/31/2011	$10.28723	$10.47091	33,697
01/01/2012 to 12/31/2012	$10.47091	$10.76978	50,876
01/01/2013 to 12/31/2013	$10.76978	$10.13223	46,383
01/01/2014 to 12/31/2014	$10.13223	$9.95939	56,035
01/01/2015 to 12/31/2015	$9.95939	$9.28566	42,063
01/01/2016 to 12/31/2016	$9.28566	$9.47274	34,803
01/01/2017 to 12/31/2017	$9.47274	$9.44915	37,745
01/01/2018 to 12/31/2018	$9.44915	$9.41994	23,502

A 10



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98839	$11.47450	17,978
01/01/2011 to 12/31/2011	$11.47450	$10.82957	28,586
01/01/2012 to 12/31/2012	$10.82957	$12.53435	55,062
01/01/2013 to 12/31/2013	$12.53435	$16.22411	56,455
01/01/2014 to 12/31/2014	$16.22411	$18.23321	60,253
01/01/2015 to 12/31/2015	$18.23321	$16.64512	41,053
01/01/2016 to 12/31/2016	$16.64512	$18.54868	33,807
01/01/2017 to 12/31/2017	$18.54868	$21.49245	27,006
01/01/2018 to 12/31/2018	$21.49245	$17.53459	24,709
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99813	$8.80105	66,399
01/01/2012 to 12/31/2012	$8.80105	$9.54971	211,318
01/01/2013 to 12/31/2013	$9.54971	$11.24875	259,809
01/01/2014 to 12/31/2014	$11.24875	$11.60084	250,407
01/01/2015 to 12/31/2015	$11.60084	$11.26805	227,648
01/01/2016 to 12/31/2016	$11.26805	$11.73379	175,544
01/01/2017 to 12/31/2017	$11.73379	$13.02978	160,921
01/01/2018 to 12/31/2018	$13.02978	$12.09857	172,118
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99813	$10.37613	107,789
01/01/2011 to 12/31/2011	$10.37613	$10.75413	157,206
01/01/2012 to 12/31/2012	$10.75413	$11.33725	248,731
01/01/2013 to 12/31/2013	$11.33725	$10.91667	305,145
01/01/2014 to 12/31/2014	$10.91667	$11.43911	372,384
01/01/2015 to 12/31/2015	$11.43911	$11.31994	389,644
01/01/2016 to 12/31/2016	$11.31994	$11.63568	318,909
01/01/2017 to 12/31/2017	$11.63568	$12.09208	356,172
01/01/2018 to 12/31/2018	$12.09208	$11.55088	494,485
*Denotes the start date of these sub-accounts

A 11



PREMIER RETIREMENT X SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HD GRO II OR GRO Plus II (2.45%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96726	$10.75031	27,906
01/01/2011 to 12/31/2011	$10.75031	$10.20853	29,427
01/01/2012 to 12/31/2012	$10.20853	$11.20949	15,196
01/01/2013 to 12/31/2013	$11.20949	$12.02555	8,041
01/01/2014 to 12/31/2014	$12.02555	$12.17890	10,603
01/01/2015 to 12/31/2015	$12.17890	$11.49803	7,190
01/01/2016 to 12/31/2016	$11.49803	$11.92772	4,657
01/01/2017 to 12/31/2017	$11.92772	$13.10066	5,157
01/01/2018 to 12/31/2018	$13.10066	$11.73840	3,270
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97794	$10.85567	65,524
01/01/2011 to 12/31/2011	$10.85567	$10.60206	34,618
01/01/2012 to 12/31/2012	$10.60206	$11.75349	31,416
01/01/2013 to 12/31/2013	$11.75349	$13.36402	13,452
01/01/2014 to 12/31/2014	$13.36402	$13.83287	22,534
01/01/2015 to 12/31/2015	$13.83287	$13.60228	15,449
01/01/2016 to 12/31/2016	$13.60228	$14.21286	9,139
01/01/2017 to 12/31/2017	$14.21286	$16.21263	14,357
01/01/2018 to 12/31/2018	$16.21263	$14.88231	7,353
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98821	$10.70881	137,693
01/01/2011 to 12/31/2011	$10.70881	$10.31990	77,117
01/01/2012 to 12/31/2012	$10.31990	$11.32248	67,813
01/01/2013 to 12/31/2013	$11.32248	$12.99434	29,545
01/01/2014 to 12/31/2014	$12.99434	$13.50263	55,233
01/01/2015 to 12/31/2015	$13.50263	$13.23437	37,046
01/01/2016 to 12/31/2016	$13.23437	$13.72389	22,620
01/01/2017 to 12/31/2017	$13.72389	$15.38431	38,646
01/01/2018 to 12/31/2018	$15.38431	$14.26487	18,090
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99796	$9.11678	0
01/01/2012 to 12/31/2012	$9.11678	$9.95090	75
01/01/2013 to 12/31/2013	$9.95090	$10.76063	42
01/01/2014 to 12/31/2014	$10.76063	$11.01087	0
01/01/2015 to 12/31/2015	$11.01087	$10.41889	0
01/01/2016 to 12/31/2016	$10.41889	$10.87175	0
01/01/2017 to 12/31/2017	$10.87175	$11.94375	0
01/01/2018 to 12/31/2018	$11.94375	$11.03452	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00739	$10.04039	1,526
01/01/2011 to 12/31/2011	$10.04039	$10.01505	735
01/01/2012 to 12/31/2012	$10.01505	$10.22803	281
01/01/2013 to 12/31/2013	$10.22803	$9.76064	112
01/01/2014 to 12/31/2014	$9.76064	$9.51233	378
01/01/2015 to 12/31/2015	$9.51233	$9.32415	2,205
01/01/2016 to 12/31/2016	$9.32415	$9.24531	2,348
01/01/2017 to 12/31/2017	$9.24531	$9.17300	0
01/01/2018 to 12/31/2018	$9.17300	$9.01378	0

A 12



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00631	$10.31195	58,760
01/01/2011 to 12/31/2011	$10.31195	$10.37954	31,629
01/01/2012 to 12/31/2012	$10.37954	$11.06872	30,247
01/01/2013 to 12/31/2013	$11.06872	$10.59913	18,550
01/01/2014 to 12/31/2014	$10.59913	$10.77703	30,294
01/01/2015 to 12/31/2015	$10.77703	$10.29127	21,192
01/01/2016 to 12/31/2016	$10.29127	$10.46427	13,123
01/01/2017 to 12/31/2017	$10.46427	$10.65381	22,152
01/01/2018 to 12/31/2018	$10.65381	$10.32281	11,687
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00666	$10.58558	0
01/01/2011 to 12/31/2011	$10.58558	$11.72901	108,926
01/01/2012 to 12/31/2012	$11.72901	$12.09527	79,214
01/01/2013 to 12/31/2013	$12.09527	$11.42806	84,638
01/01/2014 to 12/31/2014	$11.42806	$11.44485	77,810
01/01/2015 to 12/31/2015	$11.44485	$11.25485	81,174
01/01/2016 to 12/31/2016	$11.25485	$11.15643	78,836
01/01/2017 to 12/31/2017	$11.15643	$10.96128	193,627
01/01/2018 to 12/31/2018	$10.96128	$10.77212	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99796	$10.58852	0
01/01/2011 to 12/31/2011	$10.58852	$11.97953	0
01/01/2012 to 12/31/2012	$11.97953	$12.37024	4,796
01/01/2013 to 12/31/2013	$12.37024	$11.48409	1,005
01/01/2014 to 12/31/2014	$11.48409	$11.68045	0
01/01/2015 to 12/31/2015	$11.68045	$11.51634	0
01/01/2016 to 12/31/2016	$11.51634	$11.39736	0
01/01/2017 to 12/31/2017	$11.39736	$11.20350	0
01/01/2018 to 12/31/2018	$11.20350	$10.98919	232,448
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00878	$10.61916	0
01/01/2011 to 12/31/2011	$10.61916	$12.29423	0
01/01/2012 to 12/31/2012	$12.29423	$12.75042	9,027
01/01/2013 to 12/31/2013	$12.75042	$11.62755	31,601
01/01/2014 to 12/31/2014	$11.62755	$12.04130	15,064
01/01/2015 to 12/31/2015	$12.04130	$11.92562	16,951
01/01/2016 to 12/31/2016	$11.92562	$11.86174	16,746
01/01/2017 to 12/31/2017	$11.86174	$11.67424	10,253
01/01/2018 to 12/31/2018	$11.67424	$11.41982	11,884
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00772	$10.72043	0
01/01/2011 to 12/31/2011	$10.72043	$12.58139	526,171
01/01/2012 to 12/31/2012	$12.58139	$13.10650	450,127
01/01/2013 to 12/31/2013	$13.10650	$11.89035	131,111
01/01/2014 to 12/31/2014	$11.89035	$12.48997	130,654
01/01/2015 to 12/31/2015	$12.48997	$12.40123	154,098
01/01/2016 to 12/31/2016	$12.40123	$12.34409	94,492
01/01/2017 to 12/31/2017	$12.34409	$12.23276	83,668
01/01/2018 to 12/31/2018	$12.23276	$11.93941	101,074

A 13



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99796	$11.94123	99,298
01/01/2012 to 12/31/2012	$11.94123	$12.32942	156,365
01/01/2013 to 12/31/2013	$12.32942	$10.85512	119,608
01/01/2014 to 12/31/2014	$10.85512	$11.68722	108,970
01/01/2015 to 12/31/2015	$11.68722	$11.63989	146,511
01/01/2016 to 12/31/2016	$11.63989	$11.56285	142,079
01/01/2017 to 12/31/2017	$11.56285	$11.45727	127,885
01/01/2018 to 12/31/2018	$11.45727	$11.15865	146,427
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99729	$10.33005	16,609
01/01/2013 to 12/31/2013	$10.33005	$9.04911	494,491
01/01/2014 to 12/31/2014	$9.04911	$9.94137	241,603
01/01/2015 to 12/31/2015	$9.94137	$9.96039	4,219
01/01/2016 to 12/31/2016	$9.96039	$9.90260	9,430
01/01/2017 to 12/31/2017	$9.90260	$9.82436	593
01/01/2018 to 12/31/2018	$9.82436	$9.55715	2,766
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99864	$8.69147	43,099
01/01/2014 to 12/31/2014	$8.69147	$9.71567	90,124
01/01/2015 to 12/31/2015	$9.71567	$9.74683	9,930
01/01/2016 to 12/31/2016	$9.74683	$9.68987	0
01/01/2017 to 12/31/2017	$9.68987	$9.61216	47,960
01/01/2018 to 12/31/2018	$9.61216	$9.31515	37,370
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99864	$11.22813	37,154
01/01/2015 to 12/31/2015	$11.22813	$11.17187	457,366
01/01/2016 to 12/31/2016	$11.17187	$11.16802	6,139
01/01/2017 to 12/31/2017	$11.16802	$11.09442	1,212
01/01/2018 to 12/31/2018	$11.09442	$10.74172	49,784
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99864	$9.87207	33,480
01/01/2016 to 12/31/2016	$9.87207	$9.83071	380,971
01/01/2017 to 12/31/2017	$9.83071	$9.82266	283,618
01/01/2018 to 12/31/2018	$9.82266	$9.48108	346,450
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99729	$9.81421	330,955
01/01/2017 to 12/31/2017	$9.81421	$9.83141	212,893
01/01/2018 to 12/31/2018	$9.83141	$9.46851	249,459
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99728	$9.97034	4,647
01/01/2018 to 12/31/2018	$9.97034	$9.52499	69,895
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99728	$9.59768	2,461
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97713	$10.78911	89,627
01/01/2011 to 12/31/2011	$10.78911	$10.26974	51,051
01/01/2012 to 12/31/2012	$10.26974	$11.39253	41,208
01/01/2013 to 12/31/2013	$11.39253	$13.63408	38,873
01/01/2014 to 12/31/2014	$13.63408	$14.23039	40,889
01/01/2015 to 12/31/2015	$14.23039	$13.95576	34,095
01/01/2016 to 12/31/2016	$13.95576	$14.54546	27,859
01/01/2017 to 12/31/2017	$14.54546	$16.72864	25,863
01/01/2018 to 12/31/2018	$16.72864	$15.30194	16,572

A 14



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99796	$11.58193	658
01/01/2014 to 12/31/2014	$11.58193	$12.83593	1,152
01/01/2015 to 12/31/2015	$12.83593	$12.07417	866
01/01/2016 to 12/31/2016	$12.07417	$13.53352	11,931
01/01/2017 to 12/31/2017	$13.53352	$15.63273	11,636
01/01/2018 to 12/31/2018	$15.63273	$14.52108	5,458
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95935	$11.73793	19,990
01/01/2011 to 12/31/2011	$11.73793	$12.20547	7,312
01/01/2012 to 12/31/2012	$12.20547	$13.73334	6,496
01/01/2013 to 12/31/2013	$13.73334	$13.81662	2,569
01/01/2014 to 12/31/2014	$13.81662	$17.64499	3,883
01/01/2015 to 12/31/2015	$17.64499	$18.04655	10,556
01/01/2016 to 12/31/2016	$18.04655	$18.45338	7,314
01/01/2017 to 12/31/2017	$18.45338	$19.12691	8,679
01/01/2018 to 12/31/2018	$19.12691	$17.76857	4,179
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97544	$10.97022	61,275
01/01/2011 to 12/31/2011	$10.97022	$10.54089	30,586
01/01/2012 to 12/31/2012	$10.54089	$11.37581	23,612
01/01/2013 to 12/31/2013	$11.37581	$12.73519	8,494
01/01/2014 to 12/31/2014	$12.73519	$12.81461	15,973
01/01/2015 to 12/31/2015	$12.81461	$12.62449	12,397
01/01/2016 to 12/31/2016	$12.62449	$12.83984	7,413
01/01/2017 to 12/31/2017	$12.83984	$14.58949	8,548
01/01/2018 to 12/31/2018	$14.58949	$13.12791	4,071
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96963	$11.49847	10,157
01/01/2011 to 12/31/2011	$11.49847	$10.65192	4,156
01/01/2012 to 12/31/2012	$10.65192	$13.17581	3,569
01/01/2013 to 12/31/2013	$13.17581	$13.41175	1,374
01/01/2014 to 12/31/2014	$13.41175	$14.90483	2,427
01/01/2015 to 12/31/2015	$14.90483	$14.52657	1,549
01/01/2016 to 12/31/2016	$14.52657	$14.29846	922
01/01/2017 to 12/31/2017	$14.29846	$15.46761	1,665
01/01/2018 to 12/31/2018	$15.46761	$14.37593	812
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99121	$10.72163	2,797
01/01/2011 to 12/31/2011	$10.72163	$9.88213	1,271
01/01/2012 to 12/31/2012	$9.88213	$11.53551	2,657
01/01/2013 to 12/31/2013	$11.53551	$15.02752	2,164
01/01/2014 to 12/31/2014	$15.02752	$16.58454	2,576
01/01/2015 to 12/31/2015	$16.58454	$15.43061	2,393
01/01/2016 to 12/31/2016	$15.43061	$16.79083	1,183
01/01/2017 to 12/31/2017	$16.79083	$17.97714	1,730
01/01/2018 to 12/31/2018	$17.97714	$16.03901	1,017

A 15



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01928	$11.36976	13,470
01/01/2011 to 12/31/2011	$11.36976	$10.76129	5,479
01/01/2012 to 12/31/2012	$10.76129	$12.55624	5,009
01/01/2013 to 12/31/2013	$12.55624	$16.19167	16,846
01/01/2014 to 12/31/2014	$16.19167	$17.61574	16,929
01/01/2015 to 12/31/2015	$17.61574	$16.20705	20,798
01/01/2016 to 12/31/2016	$16.20705	$16.07090	15,067
01/01/2017 to 12/31/2017	$16.07090	$19.92575	15,273
01/01/2018 to 12/31/2018	$19.92575	$18.58961	7,414
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98771	$10.65857	7,535
01/01/2011 to 12/31/2011	$10.65857	$10.34518	9,319
01/01/2012 to 12/31/2012	$10.34518	$11.11353	3,968
01/01/2013 to 12/31/2013	$11.11353	$11.90604	3,594
01/01/2014 to 12/31/2014	$11.90604	$12.08366	3,459
01/01/2015 to 12/31/2015	$12.08366	$11.68036	5,177
01/01/2016 to 12/31/2016	$11.68036	$11.99377	3,123
01/01/2017 to 12/31/2017	$11.99377	$13.13801	2,386
01/01/2018 to 12/31/2018	$13.13801	$11.90987	1,447
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96459	$11.44456	21,284
01/01/2011 to 12/31/2011	$11.44456	$11.30993	9,171
01/01/2012 to 12/31/2012	$11.30993	$12.76351	7,539
01/01/2013 to 12/31/2013	$12.76351	$17.28357	4,812
01/01/2014 to 12/31/2014	$17.28357	$18.07377	8,059
01/01/2015 to 12/31/2015	$18.07377	$16.66225	3,716
01/01/2016 to 12/31/2016	$16.66225	$20.20706	2,443
01/01/2017 to 12/31/2017	$20.20706	$22.11604	5,056
01/01/2018 to 12/31/2018	$22.11604	$18.53699	2,826
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99797	$9.80382	2,765
01/01/2011 to 12/31/2011	$9.80382	$9.56603	854
01/01/2012 to 12/31/2012	$9.56603	$9.33180	615
01/01/2013 to 12/31/2013	$9.33180	$9.10326	354
01/01/2014 to 12/31/2014	$9.10326	$8.88014	168
01/01/2015 to 12/31/2015	$8.88014	$8.66263	169
01/01/2016 to 12/31/2016	$8.66263	$8.45098	175
01/01/2017 to 12/31/2017	$8.45098	$8.27271	912
01/01/2018 to 12/31/2018	$8.27271	$8.17381	907
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98394	$10.71987	1,823
01/01/2011 to 12/31/2011	$10.71987	$10.78949	1,148
01/01/2012 to 12/31/2012	$10.78949	$11.98506	1,481
01/01/2013 to 12/31/2013	$11.98506	$12.53095	979
01/01/2014 to 12/31/2014	$12.53095	$12.53665	1,026
01/01/2015 to 12/31/2015	$12.53665	$11.79366	674
01/01/2016 to 12/31/2016	$11.79366	$13.27686	357
01/01/2017 to 12/31/2017	$13.27686	$13.92023	1,269
01/01/2018 to 12/31/2018	$13.92023	$13.30767	757

A 16



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98995	$10.57650	1,279
01/01/2011 to 12/31/2011	$10.57650	$9.88604	1,925
01/01/2012 to 12/31/2012	$9.88604	$11.27190	1,631
01/01/2013 to 12/31/2013	$11.27190	$15.37897	28,194
01/01/2014 to 12/31/2014	$15.37897	$17.06442	24,765
01/01/2015 to 12/31/2015	$17.06442	$15.34183	939
01/01/2016 to 12/31/2016	$15.34183	$17.94319	523
01/01/2017 to 12/31/2017	$17.94319	$20.86445	695
01/01/2018 to 12/31/2018	$20.86445	$17.47028	5,962
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92879	$11.21224	39,954
01/01/2011 to 12/31/2011	$11.21224	$9.52422	20,537
01/01/2012 to 12/31/2012	$9.52422	$11.18271	16,147
01/01/2013 to 12/31/2013	$11.18271	$12.98759	34,994
01/01/2014 to 12/31/2014	$12.98759	$11.96938	35,808
01/01/2015 to 12/31/2015	$11.96938	$12.04366	2,356
01/01/2016 to 12/31/2016	$12.04366	$11.30530	2,231
01/01/2017 to 12/31/2017	$11.30530	$14.93641	3,428
01/01/2018 to 12/31/2018	$14.93641	$12.62620	1,926
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92866	$10.75268	12,230
01/01/2011 to 12/31/2011	$10.75268	$9.17316	6,364
01/01/2012 to 12/31/2012	$9.17316	$10.44038	5,656
01/01/2013 to 12/31/2013	$10.44038	$12.16729	2,596
01/01/2014 to 12/31/2014	$12.16729	$11.07349	3,738
01/01/2015 to 12/31/2015	$11.07349	$10.89035	2,545
01/01/2016 to 12/31/2016	$10.89035	$10.68584	1,588
01/01/2017 to 12/31/2017	$10.68584	$12.80298	2,671
01/01/2018 to 12/31/2018	$12.80298	$10.47239	1,436
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97620	$10.82869	12,853
01/01/2011 to 12/31/2011	$10.82869	$10.50361	7,740
01/01/2012 to 12/31/2012	$10.50361	$11.63772	6,297
01/01/2013 to 12/31/2013	$11.63772	$13.20113	4,402
01/01/2014 to 12/31/2014	$13.20113	$13.69735	5,078
01/01/2015 to 12/31/2015	$13.69735	$13.22187	3,002
01/01/2016 to 12/31/2016	$13.22187	$13.57172	1,722
01/01/2017 to 12/31/2017	$13.57172	$15.48512	2,240
01/01/2018 to 12/31/2018	$15.48512	$13.99022	1,321
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92131	$10.51577	2,849
01/01/2011 to 12/31/2011	$10.51577	$9.31972	2,155
01/01/2012 to 12/31/2012	$9.31972	$11.08286	536
01/01/2013 to 12/31/2013	$11.08286	$12.47210	113
01/01/2014 to 12/31/2014	$12.47210	$11.39201	187
01/01/2015 to 12/31/2015	$11.39201	$10.80224	1,090
01/01/2016 to 12/31/2016	$10.80224	$10.74176	620
01/01/2017 to 12/31/2017	$10.74176	$13.58465	1,510
01/01/2018 to 12/31/2018	$13.58465	$10.93524	952

A 17



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99796	$10.54573	7,643
01/01/2011 to 12/31/2011	$10.54573	$10.31175	11,385
01/01/2012 to 12/31/2012	$10.31175	$11.13698	7,729
01/01/2013 to 12/31/2013	$11.13698	$12.06278	3,036
01/01/2014 to 12/31/2014	$12.06278	$12.40833	4,020
01/01/2015 to 12/31/2015	$12.40833	$12.08220	2,486
01/01/2016 to 12/31/2016	$12.08220	$12.23929	2,002
01/01/2017 to 12/31/2017	$12.23929	$13.39000	2,309
01/01/2018 to 12/31/2018	$13.39000	$12.39071	1,463
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97081	$10.73371	741
01/01/2011 to 12/31/2011	$10.73371	$10.54054	372
01/01/2012 to 12/31/2012	$10.54054	$11.84341	353
01/01/2013 to 12/31/2013	$11.84341	$15.76964	141
01/01/2014 to 12/31/2014	$15.76964	$16.84537	255
01/01/2015 to 12/31/2015	$16.84537	$18.18017	743
01/01/2016 to 12/31/2016	$18.18017	$17.47608	411
01/01/2017 to 12/31/2017	$17.47608	$23.15800	695
01/01/2018 to 12/31/2018	$23.15800	$22.22349	327
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99207	$11.26074	52,790
01/01/2011 to 12/31/2011	$11.26074	$10.88492	25,299
01/01/2012 to 12/31/2012	$10.88492	$11.92027	25,635
01/01/2013 to 12/31/2013	$11.92027	$15.88576	3,197
01/01/2014 to 12/31/2014	$15.88576	$17.13764	7,597
01/01/2015 to 12/31/2015	$17.13764	$18.40155	4,544
01/01/2016 to 12/31/2016	$18.40155	$18.95278	2,777
01/01/2017 to 12/31/2017	$18.95278	$24.58958	4,596
01/01/2018 to 12/31/2018	$24.58958	$23.33908	2,295
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98709	$10.85175	1,191
01/01/2011 to 12/31/2011	$10.85175	$10.25460	732
01/01/2012 to 12/31/2012	$10.25460	$12.31152	671
01/01/2013 to 12/31/2013	$12.31152	$15.32895	67
01/01/2014 to 12/31/2014	$15.32895	$15.49628	77
01/01/2015 to 12/31/2015	$15.49628	$14.89513	18,846
01/01/2016 to 12/31/2016	$14.89513	$15.56455	13,584
01/01/2017 to 12/31/2017	$15.56455	$18.80426	18,402
01/01/2018 to 12/31/2018	$18.80426	$16.58885	9,191
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99796	$10.82739	227
01/01/2011 to 12/31/2011	$10.82739	$10.49984	1,223
01/01/2012 to 12/31/2012	$10.49984	$11.99213	15,641
01/01/2013 to 12/31/2013	$11.99213	$15.99255	21,392
01/01/2014 to 12/31/2014	$15.99255	$16.95954	18,909
01/01/2015 to 12/31/2015	$16.95954	$17.74002	651
01/01/2016 to 12/31/2016	$17.74002	$17.63717	484
01/01/2017 to 12/31/2017	$17.63717	$22.49002	912
01/01/2018 to 12/31/2018	$22.49002	$22.40759	387

A 18



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99797	$10.16591	0
01/01/2013 to 12/31/2013	$10.16591	$13.33883	0
01/01/2014 to 12/31/2014	$13.33883	$14.34158	0
01/01/2015 to 12/31/2015	$14.34158	$13.88901	30,999
01/01/2016 to 12/31/2016	$13.88901	$15.37133	17,640
01/01/2017 to 12/31/2017	$15.37133	$17.59610	14,284
01/01/2018 to 12/31/2018	$17.59610	$15.42047	565
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99052	$11.18938	2,412
01/01/2011 to 12/31/2011	$11.18938	$10.64447	1,111
01/01/2012 to 12/31/2012	$10.64447	$12.16168	1,156
01/01/2013 to 12/31/2013	$12.16168	$16.84763	454
01/01/2014 to 12/31/2014	$16.84763	$18.77699	348
01/01/2015 to 12/31/2015	$18.77699	$17.28431	314
01/01/2016 to 12/31/2016	$17.28431	$19.93589	285
01/01/2017 to 12/31/2017	$19.93589	$22.13065	446
01/01/2018 to 12/31/2018	$22.13065	$18.03592	327
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99797	$10.26668	2,526
01/01/2013 to 12/31/2013	$10.26668	$11.90955	2,148
01/01/2014 to 12/31/2014	$11.90955	$12.21473	2,569
01/01/2015 to 12/31/2015	$12.21473	$11.76755	2,111
01/01/2016 to 12/31/2016	$11.76755	$11.97612	1,604
01/01/2017 to 12/31/2017	$11.97612	$13.61042	2,373
01/01/2018 to 12/31/2018	$13.61042	$12.17660	1,245
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93844	$11.62845	10,883
01/01/2011 to 12/31/2011	$11.62845	$9.04437	5,505
01/01/2012 to 12/31/2012	$9.04437	$10.40420	5,547
01/01/2013 to 12/31/2013	$10.40420	$10.17201	3,292
01/01/2014 to 12/31/2014	$10.17201	$9.45806	4,558
01/01/2015 to 12/31/2015	$9.45806	$7.68289	3,776
01/01/2016 to 12/31/2016	$7.68289	$8.42163	2,042
01/01/2017 to 12/31/2017	$8.42163	$10.38308	3,247
01/01/2018 to 12/31/2018	$10.38308	$8.70465	1,859
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98893	$10.55451	104,809
01/01/2011 to 12/31/2011	$10.55451	$10.39894	74,077
01/01/2012 to 12/31/2012	$10.39894	$11.19608	60,513
01/01/2013 to 12/31/2013	$11.19608	$11.92788	18,687
01/01/2014 to 12/31/2014	$11.92788	$12.30764	25,663
01/01/2015 to 12/31/2015	$12.30764	$12.02328	17,500
01/01/2016 to 12/31/2016	$12.02328	$12.37743	14,771
01/01/2017 to 12/31/2017	$12.37743	$13.29818	22,188
01/01/2018 to 12/31/2018	$13.29818	$12.60219	12,160
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01788	$10.05643	0
01/01/2012 to 12/31/2012	$10.05643	$10.50712	0
01/01/2013 to 12/31/2013	$10.50712	$10.01269	0
01/01/2014 to 12/31/2014	$10.01269	$10.35944	73
01/01/2015 to 12/31/2015	$10.35944	$10.07855	647
01/01/2016 to 12/31/2016	$10.07855	$10.24604	305
01/01/2017 to 12/31/2017	$10.24604	$10.56250	914
01/01/2018 to 12/31/2018	$10.56250	$10.21860	777

A 19



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96296	$11.46234	64,853
01/01/2011 to 12/31/2011	$11.46234	$10.48701	32,403
01/01/2012 to 12/31/2012	$10.48701	$11.55136	27,188
01/01/2013 to 12/31/2013	$11.55136	$13.18697	10,350
01/01/2014 to 12/31/2014	$13.18697	$14.04719	17,161
01/01/2015 to 12/31/2015	$14.04719	$13.61907	27,151
01/01/2016 to 12/31/2016	$13.61907	$14.62732	17,034
01/01/2017 to 12/31/2017	$14.62732	$16.56694	40,372
01/01/2018 to 12/31/2018	$16.56694	$14.93130	22,266
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99796	$10.84746	12,428
01/01/2011 to 12/31/2011	$10.84746	$10.94802	4,442
01/01/2012 to 12/31/2012	$10.94802	$12.68749	3,934
01/01/2013 to 12/31/2013	$12.68749	$16.39033	1,387
01/01/2014 to 12/31/2014	$16.39033	$18.74107	2,381
01/01/2015 to 12/31/2015	$18.74107	$18.84482	1,547
01/01/2016 to 12/31/2016	$18.84482	$21.11353	1,059
01/01/2017 to 12/31/2017	$21.11353	$25.18093	1,597
01/01/2018 to 12/31/2018	$25.18093	$22.54238	787
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99796	$8.85121	0
01/01/2012 to 12/31/2012	$8.85121	$9.77011	0
01/01/2013 to 12/31/2013	$9.77011	$11.66555	0
01/01/2014 to 12/31/2014	$11.66555	$12.11951	0
01/01/2015 to 12/31/2015	$12.11951	$11.84042	0
01/01/2016 to 12/31/2016	$11.84042	$12.28129	0
01/01/2017 to 12/31/2017	$12.28129	$14.16066	0
01/01/2018 to 12/31/2018	$14.16066	$12.91015	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98702	$10.74242	37,955
01/01/2011 to 12/31/2011	$10.74242	$10.28929	21,274
01/01/2012 to 12/31/2012	$10.28929	$11.06887	16,189
01/01/2013 to 12/31/2013	$11.06887	$12.14092	6,241
01/01/2014 to 12/31/2014	$12.14092	$12.45207	10,139
01/01/2015 to 12/31/2015	$12.45207	$12.12681	8,025
01/01/2016 to 12/31/2016	$12.12681	$12.40004	4,171
01/01/2017 to 12/31/2017	$12.40004	$14.06069	6,055
01/01/2018 to 12/31/2018	$14.06069	$12.63050	2,817
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97129	$12.10887	37,799
01/01/2011 to 12/31/2011	$12.10887	$10.26372	19,430
01/01/2012 to 12/31/2012	$10.26372	$12.02157	15,063
01/01/2013 to 12/31/2013	$12.02157	$16.51317	15,604
01/01/2014 to 12/31/2014	$16.51317	$16.90455	15,014
01/01/2015 to 12/31/2015	$16.90455	$16.71051	1,785
01/01/2016 to 12/31/2016	$16.71051	$17.55716	1,139
01/01/2017 to 12/31/2017	$17.55716	$21.87116	1,673
01/01/2018 to 12/31/2018	$21.87116	$19.01897	860

A 20



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96034	$12.56702	5,499
01/01/2011 to 12/31/2011	$12.56702	$12.13960	4,510
01/01/2012 to 12/31/2012	$12.13960	$13.28352	12,162
01/01/2013 to 12/31/2013	$13.28352	$17.51609	13,759
01/01/2014 to 12/31/2014	$17.51609	$17.73947	14,611
01/01/2015 to 12/31/2015	$17.73947	$17.44072	17,568
01/01/2016 to 12/31/2016	$17.44072	$19.06913	12,087
01/01/2017 to 12/31/2017	$19.06913	$23.05233	9,425
01/01/2018 to 12/31/2018	$23.05233	$20.59461	4,469
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96377	$11.42118	36,089
01/01/2011 to 12/31/2011	$11.42118	$10.47587	19,522
01/01/2012 to 12/31/2012	$10.47587	$12.07466	21,734
01/01/2013 to 12/31/2013	$12.07466	$16.18447	26,649
01/01/2014 to 12/31/2014	$16.18447	$16.61963	25,529
01/01/2015 to 12/31/2015	$16.61963	$15.51363	18,484
01/01/2016 to 12/31/2016	$15.51363	$19.55435	11,480
01/01/2017 to 12/31/2017	$19.55435	$20.47823	11,368
01/01/2018 to 12/31/2018	$20.47823	$16.56301	6,038
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99166	$10.65016	94,190
01/01/2011 to 12/31/2011	$10.65016	$10.59574	52,722
01/01/2012 to 12/31/2012	$10.59574	$11.73064	47,777
01/01/2013 to 12/31/2013	$11.73064	$13.36952	23,073
01/01/2014 to 12/31/2014	$13.36952	$13.80879	41,887
01/01/2015 to 12/31/2015	$13.80879	$13.47606	39,735
01/01/2016 to 12/31/2016	$13.47606	$14.13850	27,895
01/01/2017 to 12/31/2017	$14.13850	$15.91827	39,303
01/01/2018 to 12/31/2018	$15.91827	$14.69909	21,180
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97054	$11.09254	7,570
01/01/2011 to 12/31/2011	$11.09254	$10.63770	3,274
01/01/2012 to 12/31/2012	$10.63770	$12.20110	4,417
01/01/2013 to 12/31/2013	$12.20110	$17.14257	26,332
01/01/2014 to 12/31/2014	$17.14257	$18.11822	24,539
01/01/2015 to 12/31/2015	$18.11822	$19.36822	30,822
01/01/2016 to 12/31/2016	$19.36822	$19.40469	16,864
01/01/2017 to 12/31/2017	$19.40469	$26.10277	13,878
01/01/2018 to 12/31/2018	$26.10277	$26.44420	6,313
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98557	$10.62574	45,770
01/01/2011 to 12/31/2011	$10.62574	$10.31479	18,760
01/01/2012 to 12/31/2012	$10.31479	$11.41003	22,780
01/01/2013 to 12/31/2013	$11.41003	$14.98514	275
01/01/2014 to 12/31/2014	$14.98514	$14.84571	532
01/01/2015 to 12/31/2015	$14.84571	$13.60370	338
01/01/2016 to 12/31/2016	$13.60370	$14.08438	216
01/01/2017 to 12/31/2017	$14.08438	$16.01470	508
01/01/2018 to 12/31/2018	$16.01470	$14.10329	489

A 21



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85922	$11.43090	14,530
01/01/2011 to 12/31/2011	$11.43090	$9.48762	14,535
01/01/2012 to 12/31/2012	$9.48762	$9.58963	7,856
01/01/2013 to 12/31/2013	$9.58963	$10.79343	2,686
01/01/2014 to 12/31/2014	$10.79343	$9.64854	5,197
01/01/2015 to 12/31/2015	$9.64854	$7.59992	5,051
01/01/2016 to 12/31/2016	$7.59992	$9.23919	3,208
01/01/2017 to 12/31/2017	$9.23919	$9.94245	5,276
01/01/2018 to 12/31/2018	$9.94245	$8.08245	2,945
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97965	$10.27029	17,985
01/01/2011 to 12/31/2011	$10.27029	$10.43240	8,896
01/01/2012 to 12/31/2012	$10.43240	$10.70810	11,506
01/01/2013 to 12/31/2013	$10.70810	$10.05368	77
01/01/2014 to 12/31/2014	$10.05368	$9.86192	74
01/01/2015 to 12/31/2015	$9.86192	$9.17597	77
01/01/2016 to 12/31/2016	$9.17597	$9.34166	81
01/01/2017 to 12/31/2017	$9.34166	$9.29945	0
01/01/2018 to 12/31/2018	$9.29945	$9.25161	0
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98822	$11.45566	33,449
01/01/2011 to 12/31/2011	$11.45566	$10.78976	16,844
01/01/2012 to 12/31/2012	$10.78976	$12.46281	22,195
01/01/2013 to 12/31/2013	$12.46281	$16.09848	28,579
01/01/2014 to 12/31/2014	$16.09848	$18.05487	25,639
01/01/2015 to 12/31/2015	$18.05487	$16.44857	1,470
01/01/2016 to 12/31/2016	$16.44857	$18.29245	1,074
01/01/2017 to 12/31/2017	$18.29245	$21.15246	2,133
01/01/2018 to 12/31/2018	$21.15246	$17.22172	1,101
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99796	$8.78899	0
01/01/2012 to 12/31/2012	$8.78899	$9.51705	118
01/01/2013 to 12/31/2013	$9.51705	$11.18739	63
01/01/2014 to 12/31/2014	$11.18739	$11.51400	487
01/01/2015 to 12/31/2015	$11.51400	$11.16085	318
01/01/2016 to 12/31/2016	$11.16085	$11.59846	370
01/01/2017 to 12/31/2017	$11.59846	$12.85320	437
01/01/2018 to 12/31/2018	$12.85320	$11.91008	634
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99796	$10.35895	88,930
01/01/2011 to 12/31/2011	$10.35895	$10.71447	39,210
01/01/2012 to 12/31/2012	$10.71447	$11.27233	52,035
01/01/2013 to 12/31/2013	$11.27233	$10.83198	79,898
01/01/2014 to 12/31/2014	$10.83198	$11.32715	76,163
01/01/2015 to 12/31/2015	$11.32715	$11.18621	56,025
01/01/2016 to 12/31/2016	$11.18621	$11.47470	39,766
01/01/2017 to 12/31/2017	$11.47470	$11.90051	45,126
01/01/2018 to 12/31/2018	$11.90051	$11.34449	22,736
*Denotes the start date of these sub-accounts

A 22



PREMIER RETIREMENT B SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HAV (1.70%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96788	$10.81679	2,783,155
01/01/2011 to 12/31/2011	$10.81679	$10.35039	4,131,792
01/01/2012 to 12/31/2012	$10.35039	$11.45280	6,402,595
01/01/2013 to 12/31/2013	$11.45280	$12.38097	6,970,810
01/01/2014 to 12/31/2014	$12.38097	$12.63524	5,964,391
01/01/2015 to 12/31/2015	$12.63524	$12.02065	4,691,932
01/01/2016 to 12/31/2016	$12.02065	$12.56548	4,135,628
01/01/2017 to 12/31/2017	$12.56548	$13.90699	3,937,484
01/01/2018 to 12/31/2018	$13.90699	$12.55718	2,721,378
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97857	$10.92280	2,069,260
01/01/2011 to 12/31/2011	$10.92280	$10.74947	3,894,177
01/01/2012 to 12/31/2012	$10.74947	$12.00861	8,232,833
01/01/2013 to 12/31/2013	$12.00861	$13.75898	9,599,194
01/01/2014 to 12/31/2014	$13.75898	$14.35121	9,005,849
01/01/2015 to 12/31/2015	$14.35121	$14.22051	8,373,546
01/01/2016 to 12/31/2016	$14.22051	$14.97274	7,796,888
01/01/2017 to 12/31/2017	$14.97274	$17.21021	7,292,328
01/01/2018 to 12/31/2018	$17.21021	$15.92036	6,431,654
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98884	$10.77509	3,042,666
01/01/2011 to 12/31/2011	$10.77509	$10.46346	4,716,751
01/01/2012 to 12/31/2012	$10.46346	$11.56847	7,803,091
01/01/2013 to 12/31/2013	$11.56847	$13.37861	8,839,480
01/01/2014 to 12/31/2014	$13.37861	$14.00897	7,904,419
01/01/2015 to 12/31/2015	$14.00897	$13.83639	7,412,772
01/01/2016 to 12/31/2016	$13.83639	$14.45833	7,033,889
01/01/2017 to 12/31/2017	$14.45833	$16.33176	6,605,907
01/01/2018 to 12/31/2018	$16.33176	$15.26060	5,813,127
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99859	$9.16386	583,439
01/01/2012 to 12/31/2012	$9.16386	$10.07935	1,989,260
01/01/2013 to 12/31/2013	$10.07935	$10.98344	2,374,351
01/01/2014 to 12/31/2014	$10.98344	$11.32538	2,381,561
01/01/2015 to 12/31/2015	$11.32538	$10.79877	2,231,924
01/01/2016 to 12/31/2016	$10.79877	$11.35441	2,088,092
01/01/2017 to 12/31/2017	$11.35441	$12.56963	2,014,857
01/01/2018 to 12/31/2018	$12.56963	$11.70267	1,671,604
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00802	$10.10254	328,141
01/01/2011 to 12/31/2011	$10.10254	$10.15429	419,219
01/01/2012 to 12/31/2012	$10.15429	$10.44990	430,403
01/01/2013 to 12/31/2013	$10.44990	$10.04888	409,655
01/01/2014 to 12/31/2014	$10.04888	$9.86856	391,615
01/01/2015 to 12/31/2015	$9.86856	$9.74767	348,609
01/01/2016 to 12/31/2016	$9.74767	$9.73899	348,726
01/01/2017 to 12/31/2017	$9.73899	$9.73689	362,126
01/01/2018 to 12/31/2018	$9.73689	$9.64202	356,958

A 23



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00694	$10.37575	1,898,043
01/01/2011 to 12/31/2011	$10.37575	$10.52377	2,792,279
01/01/2012 to 12/31/2012	$10.52377	$11.30899	5,031,925
01/01/2013 to 12/31/2013	$11.30899	$10.91248	4,899,563
01/01/2014 to 12/31/2014	$10.91248	$11.18082	4,582,259
01/01/2015 to 12/31/2015	$11.18082	$10.75911	3,865,636
01/01/2016 to 12/31/2016	$10.75911	$11.02373	3,570,794
01/01/2017 to 12/31/2017	$11.02373	$11.30952	3,700,608
01/01/2018 to 12/31/2018	$11.30952	$11.04287	3,206,036
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97776	$10.85587	2,096,130
01/01/2011 to 12/31/2011	$10.85587	$10.41265	3,374,910
01/01/2012 to 12/31/2012	$10.41265	$11.63998	5,774,390
01/01/2013 to 12/31/2013	$11.63998	$14.03724	7,553,780
01/01/2014 to 12/31/2014	$14.03724	$14.76392	8,327,897
01/01/2015 to 12/31/2015	$14.76392	$14.59043	8,338,663
01/01/2016 to 12/31/2016	$14.59043	$15.32348	8,017,717
01/01/2017 to 12/31/2017	$15.32348	$17.75860	8,011,673
01/01/2018 to 12/31/2018	$17.75860	$16.36972	7,015,192
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99859	$11.65792	40,449
01/01/2014 to 12/31/2014	$11.65792	$13.01934	127,235
01/01/2015 to 12/31/2015	$13.01934	$12.34092	117,658
01/01/2016 to 12/31/2016	$12.34092	$13.93842	329,426
01/01/2017 to 12/31/2017	$13.93842	$16.22383	238,960
01/01/2018 to 12/31/2018	$16.22383	$15.18667	172,431
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95998	$11.81048	108,557
01/01/2011 to 12/31/2011	$11.81048	$12.37513	193,768
01/01/2012 to 12/31/2012	$12.37513	$14.03150	308,569
01/01/2013 to 12/31/2013	$14.03150	$14.22509	332,684
01/01/2014 to 12/31/2014	$14.22509	$18.30603	345,928
01/01/2015 to 12/31/2015	$18.30603	$18.86651	292,234
01/01/2016 to 12/31/2016	$18.86651	$19.43959	287,540
01/01/2017 to 12/31/2017	$19.43959	$20.30351	276,602
01/01/2018 to 12/31/2018	$20.30351	$19.00764	206,822
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97607	$11.03811	1,723,298
01/01/2011 to 12/31/2011	$11.03811	$10.68755	3,053,207
01/01/2012 to 12/31/2012	$10.68755	$11.62294	5,708,330
01/01/2013 to 12/31/2013	$11.62294	$13.11185	6,362,716
01/01/2014 to 12/31/2014	$13.11185	$13.29515	5,853,895
01/01/2015 to 12/31/2015	$13.29515	$13.19866	5,708,508
01/01/2016 to 12/31/2016	$13.19866	$13.52663	5,337,156
01/01/2017 to 12/31/2017	$13.52663	$15.48760	5,008,886
01/01/2018 to 12/31/2018	$15.48760	$14.04390	4,340,161

A 24



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97026	$11.56952	43,077
01/01/2011 to 12/31/2011	$11.56952	$10.80000	89,816
01/01/2012 to 12/31/2012	$10.80000	$13.46178	137,044
01/01/2013 to 12/31/2013	$13.46178	$13.80828	163,725
01/01/2014 to 12/31/2014	$13.80828	$15.46350	137,909
01/01/2015 to 12/31/2015	$15.46350	$15.18706	114,640
01/01/2016 to 12/31/2016	$15.18706	$15.06308	109,367
01/01/2017 to 12/31/2017	$15.06308	$16.41971	116,906
01/01/2018 to 12/31/2018	$16.41971	$15.37900	93,747
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99184	$10.78790	146,304
01/01/2011 to 12/31/2011	$10.78790	$10.01951	172,549
01/01/2012 to 12/31/2012	$10.01951	$11.78600	262,466
01/01/2013 to 12/31/2013	$11.78600	$15.47184	330,510
01/01/2014 to 12/31/2014	$15.47184	$17.20606	355,197
01/01/2015 to 12/31/2015	$17.20606	$16.13188	643,124
01/01/2016 to 12/31/2016	$16.13188	$17.68854	571,976
01/01/2017 to 12/31/2017	$17.68854	$19.08349	680,094
01/01/2018 to 12/31/2018	$19.08349	$17.15794	540,095
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01991	$11.44014	173,273
01/01/2011 to 12/31/2011	$11.44014	$10.91114	217,472
01/01/2012 to 12/31/2012	$10.91114	$12.82923	372,174
01/01/2013 to 12/31/2013	$12.82923	$16.67092	405,466
01/01/2014 to 12/31/2014	$16.67092	$18.27663	428,377
01/01/2015 to 12/31/2015	$18.27663	$16.94451	871,730
01/01/2016 to 12/31/2016	$16.94451	$16.93108	751,527
01/01/2017 to 12/31/2017	$16.93108	$21.15309	730,207
01/01/2018 to 12/31/2018	$21.15309	$19.88736	625,330
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98833	$10.72450	1,284,434
01/01/2011 to 12/31/2011	$10.72450	$10.48895	1,944,938
01/01/2012 to 12/31/2012	$10.48895	$11.35484	3,042,159
01/01/2013 to 12/31/2013	$11.35484	$12.25810	3,307,472
01/01/2014 to 12/31/2014	$12.25810	$12.53666	3,009,249
01/01/2015 to 12/31/2015	$12.53666	$12.21154	2,590,849
01/01/2016 to 12/31/2016	$12.21154	$12.63533	2,431,983
01/01/2017 to 12/31/2017	$12.63533	$13.94676	2,432,113
01/01/2018 to 12/31/2018	$13.94676	$12.74086	1,874,168
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96522	$11.51535	162,968
01/01/2011 to 12/31/2011	$11.51535	$11.46720	250,592
01/01/2012 to 12/31/2012	$11.46720	$13.04056	391,887
01/01/2013 to 12/31/2013	$13.04056	$17.79423	402,804
01/01/2014 to 12/31/2014	$17.79423	$18.75080	396,308
01/01/2015 to 12/31/2015	$18.75080	$17.41934	371,860
01/01/2016 to 12/31/2016	$17.41934	$21.28695	377,388
01/01/2017 to 12/31/2017	$21.28695	$23.47651	310,813
01/01/2018 to 12/31/2018	$23.47651	$19.82980	269,156

A 25



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99860	$9.86455	273,624
01/01/2011 to 12/31/2011	$9.86455	$9.69934	623,247
01/01/2012 to 12/31/2012	$9.69934	$9.53456	447,194
01/01/2013 to 12/31/2013	$9.53456	$9.37256	391,063
01/01/2014 to 12/31/2014	$9.37256	$9.21312	404,682
01/01/2015 to 12/31/2015	$9.21312	$9.05630	389,331
01/01/2016 to 12/31/2016	$9.05630	$8.90287	340,673
01/01/2017 to 12/31/2017	$8.90287	$8.78170	309,432
01/01/2018 to 12/31/2018	$8.78170	$8.74388	232,050
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98457	$10.78613	118,383
01/01/2011 to 12/31/2011	$10.78613	$10.93950	200,366
01/01/2012 to 12/31/2012	$10.93950	$12.24527	397,008
01/01/2013 to 12/31/2013	$12.24527	$12.90148	503,533
01/01/2014 to 12/31/2014	$12.90148	$13.00657	504,304
01/01/2015 to 12/31/2015	$13.00657	$12.32988	434,852
01/01/2016 to 12/31/2016	$12.32988	$13.98689	365,022
01/01/2017 to 12/31/2017	$13.98689	$14.77713	382,239
01/01/2018 to 12/31/2018	$14.77713	$14.23609	297,896
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99058	$10.64194	39,346
01/01/2011 to 12/31/2011	$10.64194	$10.02358	74,837
01/01/2012 to 12/31/2012	$10.02358	$11.51676	97,022
01/01/2013 to 12/31/2013	$11.51676	$15.83369	159,893
01/01/2014 to 12/31/2014	$15.83369	$17.70414	254,525
01/01/2015 to 12/31/2015	$17.70414	$16.03948	213,579
01/01/2016 to 12/31/2016	$16.03948	$18.90299	194,412
01/01/2017 to 12/31/2017	$18.90299	$22.14901	221,632
01/01/2018 to 12/31/2018	$22.14901	$18.68940	235,072
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92942	$11.28154	71,949
01/01/2011 to 12/31/2011	$11.28154	$9.65674	146,939
01/01/2012 to 12/31/2012	$9.65674	$11.42561	205,439
01/01/2013 to 12/31/2013	$11.42561	$13.37174	246,278
01/01/2014 to 12/31/2014	$13.37174	$12.41833	259,880
01/01/2015 to 12/31/2015	$12.41833	$12.59154	282,160
01/01/2016 to 12/31/2016	$12.59154	$11.91034	241,229
01/01/2017 to 12/31/2017	$11.91034	$15.85623	254,110
01/01/2018 to 12/31/2018	$15.85623	$13.50753	252,168
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92929	$10.81917	69,809
01/01/2011 to 12/31/2011	$10.81917	$9.30077	130,835
01/01/2012 to 12/31/2012	$9.30077	$10.66713	176,290
01/01/2013 to 12/31/2013	$10.66713	$12.52710	187,264
01/01/2014 to 12/31/2014	$12.52710	$11.48863	198,455
01/01/2015 to 12/31/2015	$11.48863	$11.38567	173,640
01/01/2016 to 12/31/2016	$11.38567	$11.25750	186,937
01/01/2017 to 12/31/2017	$11.25750	$13.59125	182,000
01/01/2018 to 12/31/2018	$13.59125	$11.20328	169,325

A 26



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00682	$10.62325	3,681
01/01/2011 to 12/31/2011	$10.62325	$11.74255	15,848,756
01/01/2012 to 12/31/2012	$11.74255	$12.62792	6,122,695
01/01/2013 to 12/31/2013	$12.62792	$12.01813	893,990
01/01/2014 to 12/31/2014	$12.01813	$12.60885	1,029,731
01/01/2015 to 12/31/2015	$12.60885	$12.53986	4,577,264
01/01/2016 to 12/31/2016	$12.53986	$12.84539	4,606,258
01/01/2017 to 12/31/2017	$12.84539	$13.17217	1,601,617
01/01/2018 to 12/31/2018	$13.17217	$12.91259	7,985,938
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97683	$10.89582	737,456
01/01/2011 to 12/31/2011	$10.89582	$10.64989	1,448,339
01/01/2012 to 12/31/2012	$10.64989	$11.89058	2,683,105
01/01/2013 to 12/31/2013	$11.89058	$13.59163	3,099,193
01/01/2014 to 12/31/2014	$13.59163	$14.21092	2,839,575
01/01/2015 to 12/31/2015	$14.21092	$13.82301	2,549,581
01/01/2016 to 12/31/2016	$13.82301	$14.29747	2,391,005
01/01/2017 to 12/31/2017	$14.29747	$16.43814	2,367,419
01/01/2018 to 12/31/2018	$16.43814	$14.96609	2,121,605
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92194	$10.58075	195,676
01/01/2011 to 12/31/2011	$10.58075	$9.44941	270,284
01/01/2012 to 12/31/2012	$9.44941	$11.32357	420,837
01/01/2013 to 12/31/2013	$11.32357	$12.84095	490,500
01/01/2014 to 12/31/2014	$12.84095	$11.81920	504,746
01/01/2015 to 12/31/2015	$11.81920	$11.29350	498,051
01/01/2016 to 12/31/2016	$11.29350	$11.31638	469,107
01/01/2017 to 12/31/2017	$11.31638	$14.42099	497,800
01/01/2018 to 12/31/2018	$14.42099	$11.69830	459,382
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.61090	810,657
01/01/2011 to 12/31/2011	$10.61090	$10.45511	1,639,387
01/01/2012 to 12/31/2012	$10.45511	$11.37878	2,953,294
01/01/2013 to 12/31/2013	$11.37878	$12.41936	3,181,967
01/01/2014 to 12/31/2014	$12.41936	$12.87340	2,921,888
01/01/2015 to 12/31/2015	$12.87340	$12.63141	2,657,243
01/01/2016 to 12/31/2016	$12.63141	$12.89370	2,497,628
01/01/2017 to 12/31/2017	$12.89370	$14.21409	2,282,798
01/01/2018 to 12/31/2018	$14.21409	$13.25491	1,947,866
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97144	$10.80010	42,896
01/01/2011 to 12/31/2011	$10.80010	$10.68707	137,379
01/01/2012 to 12/31/2012	$10.68707	$12.10062	242,001
01/01/2013 to 12/31/2013	$12.10062	$16.23595	223,904
01/01/2014 to 12/31/2014	$16.23595	$17.47681	291,114
01/01/2015 to 12/31/2015	$17.47681	$19.00666	295,750
01/01/2016 to 12/31/2016	$19.00666	$18.41062	236,976
01/01/2017 to 12/31/2017	$18.41062	$24.58319	219,566
01/01/2018 to 12/31/2018	$24.58319	$23.77369	196,081

A 27



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99269	$11.33042	230,357
01/01/2011 to 12/31/2011	$11.33042	$11.03643	322,925
01/01/2012 to 12/31/2012	$11.03643	$12.17932	605,908
01/01/2013 to 12/31/2013	$12.17932	$16.35559	605,307
01/01/2014 to 12/31/2014	$16.35559	$17.78012	744,532
01/01/2015 to 12/31/2015	$17.78012	$19.23816	578,457
01/01/2016 to 12/31/2016	$19.23816	$19.96645	526,371
01/01/2017 to 12/31/2017	$19.96645	$26.10322	466,747
01/01/2018 to 12/31/2018	$26.10322	$24.96747	374,960
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98772	$10.91885	109,112
01/01/2011 to 12/31/2011	$10.91885	$10.39724	169,121
01/01/2012 to 12/31/2012	$10.39724	$12.57884	264,336
01/01/2013 to 12/31/2013	$12.57884	$15.78207	285,396
01/01/2014 to 12/31/2014	$15.78207	$16.07701	289,031
01/01/2015 to 12/31/2015	$16.07701	$15.57213	300,958
01/01/2016 to 12/31/2016	$15.57213	$16.39662	292,168
01/01/2017 to 12/31/2017	$16.39662	$19.96144	279,561
01/01/2018 to 12/31/2018	$19.96144	$17.74598	248,872
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.89440	60,806
01/01/2011 to 12/31/2011	$10.89440	$10.64578	94,667
01/01/2012 to 12/31/2012	$10.64578	$12.25234	162,458
01/01/2013 to 12/31/2013	$12.25234	$16.46513	177,604
01/01/2014 to 12/31/2014	$16.46513	$17.59506	154,266
01/01/2015 to 12/31/2015	$17.59506	$18.54623	146,583
01/01/2016 to 12/31/2016	$18.54623	$18.58005	136,934
01/01/2017 to 12/31/2017	$18.58005	$23.87390	126,535
01/01/2018 to 12/31/2018	$23.87390	$23.97043	121,292
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99859	$10.19489	3,514
01/01/2013 to 12/31/2013	$10.19489	$13.47958	26,310
01/01/2014 to 12/31/2014	$13.47958	$14.60434	24,990
01/01/2015 to 12/31/2015	$14.60434	$14.25237	51,718
01/01/2016 to 12/31/2016	$14.25237	$15.89439	198,100
01/01/2017 to 12/31/2017	$15.89439	$18.33417	168,622
01/01/2018 to 12/31/2018	$18.33417	$16.19161	147,621
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99114	$11.25860	109,466
01/01/2011 to 12/31/2011	$11.25860	$10.79250	175,157
01/01/2012 to 12/31/2012	$10.79250	$12.42576	307,952
01/01/2013 to 12/31/2013	$12.42576	$17.34560	357,009
01/01/2014 to 12/31/2014	$17.34560	$19.48059	452,206
01/01/2015 to 12/31/2015	$19.48059	$18.06995	349,941
01/01/2016 to 12/31/2016	$18.06995	$21.00158	330,477
01/01/2017 to 12/31/2017	$21.00158	$23.49230	326,704
01/01/2018 to 12/31/2018	$23.49230	$19.29382	280,605
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99859	$10.32013	586,313
01/01/2013 to 12/31/2013	$10.32013	$12.06359	731,605
01/01/2014 to 12/31/2014	$12.06359	$12.46788	732,638
01/01/2015 to 12/31/2015	$12.46788	$12.10372	662,322
01/01/2016 to 12/31/2016	$12.10372	$12.41263	614,034
01/01/2017 to 12/31/2017	$12.41263	$14.21470	599,386
01/01/2018 to 12/31/2018	$14.21470	$12.81561	490,275

A 28



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93907	$11.70034	288,382
01/01/2011 to 12/31/2011	$11.70034	$9.17013	402,766
01/01/2012 to 12/31/2012	$9.17013	$10.63028	643,783
01/01/2013 to 12/31/2013	$10.63028	$10.47283	729,453
01/01/2014 to 12/31/2014	$10.47283	$9.81275	721,985
01/01/2015 to 12/31/2015	$9.81275	$8.03245	666,199
01/01/2016 to 12/31/2016	$8.03245	$8.87224	563,536
01/01/2017 to 12/31/2017	$8.87224	$11.02238	652,111
01/01/2018 to 12/31/2018	$11.02238	$9.31206	540,111
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98956	$10.61981	3,242,388
01/01/2011 to 12/31/2011	$10.61981	$10.54353	4,685,807
01/01/2012 to 12/31/2012	$10.54353	$11.43927	8,150,950
01/01/2013 to 12/31/2013	$11.43927	$12.28073	7,784,675
01/01/2014 to 12/31/2014	$12.28073	$12.76916	7,360,506
01/01/2015 to 12/31/2015	$12.76916	$12.57011	6,677,572
01/01/2016 to 12/31/2016	$12.57011	$13.03960	6,247,245
01/01/2017 to 12/31/2017	$13.03960	$14.11702	5,819,448
01/01/2018 to 12/31/2018	$14.11702	$13.48165	5,062,363
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01851	$10.06978	11,360
01/01/2012 to 12/31/2012	$10.06978	$10.60206	88,276
01/01/2013 to 12/31/2013	$10.60206	$10.18071	112,368
01/01/2014 to 12/31/2014	$10.18071	$10.61419	161,880
01/01/2015 to 12/31/2015	$10.61419	$10.40575	171,925
01/01/2016 to 12/31/2016	$10.40575	$10.65976	230,441
01/01/2017 to 12/31/2017	$10.65976	$11.07321	308,547
01/01/2018 to 12/31/2018	$11.07321	$10.79547	288,858
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96359	$11.53321	1,767,149
01/01/2011 to 12/31/2011	$11.53321	$10.63290	3,215,517
01/01/2012 to 12/31/2012	$10.63290	$11.80236	6,241,518
01/01/2013 to 12/31/2013	$11.80236	$13.57707	6,824,464
01/01/2014 to 12/31/2014	$13.57707	$14.57389	7,295,366
01/01/2015 to 12/31/2015	$14.57389	$14.23837	11,217,661
01/01/2016 to 12/31/2016	$14.23837	$15.40973	10,514,247
01/01/2017 to 12/31/2017	$15.40973	$17.58685	16,590,958
01/01/2018 to 12/31/2018	$17.58685	$15.97319	13,980,245
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.91439	8,682
01/01/2011 to 12/31/2011	$10.91439	$11.10006	48,028
01/01/2012 to 12/31/2012	$11.10006	$12.96275	202,404
01/01/2013 to 12/31/2013	$12.96275	$16.87460	221,960
01/01/2014 to 12/31/2014	$16.87460	$19.44302	385,403
01/01/2015 to 12/31/2015	$19.44302	$19.70100	339,850
01/01/2016 to 12/31/2016	$19.70100	$22.24202	333,051
01/01/2017 to 12/31/2017	$22.24202	$26.73003	296,095
01/01/2018 to 12/31/2018	$26.73003	$24.11431	323,447

A 29



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99859	$8.89689	0
01/01/2012 to 12/31/2012	$8.89689	$9.89612	0
01/01/2013 to 12/31/2013	$9.89612	$11.90675	16,132
01/01/2014 to 12/31/2014	$11.90675	$12.46527	2,034
01/01/2015 to 12/31/2015	$12.46527	$12.27176	2,016
01/01/2016 to 12/31/2016	$12.27176	$12.82623	2,019
01/01/2017 to 12/31/2017	$12.82623	$14.90233	1,994
01/01/2018 to 12/31/2018	$14.90233	$13.69146	1,954
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98765	$10.80894	1,475,848
01/01/2011 to 12/31/2011	$10.80894	$10.43243	2,483,599
01/01/2012 to 12/31/2012	$10.43243	$11.30927	5,233,655
01/01/2013 to 12/31/2013	$11.30927	$12.49992	5,915,648
01/01/2014 to 12/31/2014	$12.49992	$12.91884	5,617,005
01/01/2015 to 12/31/2015	$12.91884	$12.67819	5,360,474
01/01/2016 to 12/31/2016	$12.67819	$13.06319	4,995,825
01/01/2017 to 12/31/2017	$13.06319	$14.92628	4,714,619
01/01/2018 to 12/31/2018	$14.92628	$13.51171	4,014,082
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97192	$12.18384	68,658
01/01/2011 to 12/31/2011	$12.18384	$10.40658	200,611
01/01/2012 to 12/31/2012	$10.40658	$12.28287	345,173
01/01/2013 to 12/31/2013	$12.28287	$17.00181	352,909
01/01/2014 to 12/31/2014	$17.00181	$17.53857	365,854
01/01/2015 to 12/31/2015	$17.53857	$17.47055	305,428
01/01/2016 to 12/31/2016	$17.47055	$18.49644	255,915
01/01/2017 to 12/31/2017	$18.49644	$23.21770	232,956
01/01/2018 to 12/31/2018	$23.21770	$20.34619	184,203
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96097	$12.64476	51,212
01/01/2011 to 12/31/2011	$12.64476	$12.30830	117,969
01/01/2012 to 12/31/2012	$12.30830	$13.57203	225,275
01/01/2013 to 12/31/2013	$13.57203	$18.03404	249,619
01/01/2014 to 12/31/2014	$18.03404	$18.40461	222,602
01/01/2015 to 12/31/2015	$18.40461	$18.23393	238,631
01/01/2016 to 12/31/2016	$18.23393	$20.08921	200,979
01/01/2017 to 12/31/2017	$20.08921	$24.47172	175,989
01/01/2018 to 12/31/2018	$24.47172	$22.03199	161,207
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96440	$11.49200	44,213
01/01/2011 to 12/31/2011	$11.49200	$10.62167	63,209
01/01/2012 to 12/31/2012	$10.62167	$12.33695	107,553
01/01/2013 to 12/31/2013	$12.33695	$16.66308	104,066
01/01/2014 to 12/31/2014	$16.66308	$17.24268	103,322
01/01/2015 to 12/31/2015	$17.24268	$16.21902	85,907
01/01/2016 to 12/31/2016	$16.21902	$20.60010	102,032
01/01/2017 to 12/31/2017	$20.60010	$21.73867	109,959
01/01/2018 to 12/31/2018	$21.73867	$17.71857	79,065

A 30



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99229	$10.71605	2,863,672
01/01/2011 to 12/31/2011	$10.71605	$10.74314	5,207,868
01/01/2012 to 12/31/2012	$10.74314	$11.98557	11,334,791
01/01/2013 to 12/31/2013	$11.98557	$13.76509	12,437,947
01/01/2014 to 12/31/2014	$13.76509	$14.32668	11,920,680
01/01/2015 to 12/31/2015	$14.32668	$14.08904	14,657,282
01/01/2016 to 12/31/2016	$14.08904	$14.89482	13,808,489
01/01/2017 to 12/31/2017	$14.89482	$16.89832	12,881,246
01/01/2018 to 12/31/2018	$16.89832	$15.72480	11,596,731
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97117	$11.16117	215,479
01/01/2011 to 12/31/2011	$11.16117	$10.78581	352,937
01/01/2012 to 12/31/2012	$10.78581	$12.46639	709,302
01/01/2013 to 12/31/2013	$12.46639	$17.64982	724,960
01/01/2014 to 12/31/2014	$17.64982	$18.79769	756,452
01/01/2015 to 12/31/2015	$18.79769	$20.24900	750,303
01/01/2016 to 12/31/2016	$20.24900	$20.44263	686,225
01/01/2017 to 12/31/2017	$20.44263	$27.70961	639,613
01/01/2018 to 12/31/2018	$27.70961	$28.28909	612,598
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98620	$10.69150	26,996
01/01/2011 to 12/31/2011	$10.69150	$10.45834	100,606
01/01/2012 to 12/31/2012	$10.45834	$11.65803	294,769
01/01/2013 to 12/31/2013	$11.65803	$15.42829	320,867
01/01/2014 to 12/31/2014	$15.42829	$15.40233	247,588
01/01/2015 to 12/31/2015	$15.40233	$14.22243	232,708
01/01/2016 to 12/31/2016	$14.22243	$14.83806	213,111
01/01/2017 to 12/31/2017	$14.83806	$17.00087	203,781
01/01/2018 to 12/31/2018	$17.00087	$15.08768	206,422
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85984	$11.50158	240,457
01/01/2011 to 12/31/2011	$11.50158	$9.61963	356,895
01/01/2012 to 12/31/2012	$9.61963	$9.79779	584,029
01/01/2013 to 12/31/2013	$9.79779	$11.11270	574,041
01/01/2014 to 12/31/2014	$11.11270	$10.01041	653,435
01/01/2015 to 12/31/2015	$10.01041	$7.94568	556,141
01/01/2016 to 12/31/2016	$7.94568	$9.73362	487,193
01/01/2017 to 12/31/2017	$9.73362	$10.55477	521,881
01/01/2018 to 12/31/2018	$10.55477	$8.64662	413,525
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98028	$10.33385	143,314
01/01/2011 to 12/31/2011	$10.33385	$10.57749	215,632
01/01/2012 to 12/31/2012	$10.57749	$10.94077	334,073
01/01/2013 to 12/31/2013	$10.94077	$10.35114	353,773
01/01/2014 to 12/31/2014	$10.35114	$10.23181	317,556
01/01/2015 to 12/31/2015	$10.23181	$9.59352	275,463
01/01/2016 to 12/31/2016	$9.59352	$9.84178	248,263
01/01/2017 to 12/31/2017	$9.84178	$9.87243	288,451
01/01/2018 to 12/31/2018	$9.87243	$9.89771	250,218

A 31



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98885	$11.52646	90,429
01/01/2011 to 12/31/2011	$11.52646	$10.93968	104,000
01/01/2012 to 12/31/2012	$10.93968	$12.73323	155,834
01/01/2013 to 12/31/2013	$12.73323	$16.57418	151,603
01/01/2014 to 12/31/2014	$16.57418	$18.73137	124,047
01/01/2015 to 12/31/2015	$18.73137	$17.19612	103,329
01/01/2016 to 12/31/2016	$17.19612	$19.27023	84,707
01/01/2017 to 12/31/2017	$19.27023	$22.45389	91,530
01/01/2018 to 12/31/2018	$22.45389	$18.42270	77,842
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99859	$8.83435	317,149
01/01/2012 to 12/31/2012	$8.83435	$9.63986	1,128,299
01/01/2013 to 12/31/2013	$9.63986	$11.41894	1,513,199
01/01/2014 to 12/31/2014	$11.41894	$11.84282	2,692,810
01/01/2015 to 12/31/2015	$11.84282	$11.56788	2,525,006
01/01/2016 to 12/31/2016	$11.56788	$12.11360	2,311,573
01/01/2017 to 12/31/2017	$12.11360	$13.52694	2,124,061
01/01/2018 to 12/31/2018	$13.52694	$12.63128	1,810,082
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99859	$10.42309	325,487
01/01/2011 to 12/31/2011	$10.42309	$10.86347	572,681
01/01/2012 to 12/31/2012	$10.86347	$11.51711	894,105
01/01/2013 to 12/31/2013	$11.51711	$11.15231	1,063,222
01/01/2014 to 12/31/2014	$11.15231	$11.75168	1,214,910
01/01/2015 to 12/31/2015	$11.75168	$11.69480	1,339,106
01/01/2016 to 12/31/2016	$11.69480	$12.08851	1,341,625
01/01/2017 to 12/31/2017	$12.08851	$12.63316	1,428,098
01/01/2018 to 12/31/2018	$12.63316	$12.13609	1,900,964
*Denotes the start date of these sub-accounts

A 32



PREMIER RETIREMENT B SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HD GRO II OR GRO Plus II (1.90%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96772	$10.79905	154,943
01/01/2011 to 12/31/2011	$10.79905	$10.31246	132,153
01/01/2012 to 12/31/2012	$10.31246	$11.38762	114,082
01/01/2013 to 12/31/2013	$11.38762	$12.28555	427,780
01/01/2014 to 12/31/2014	$12.28555	$12.51236	711,241
01/01/2015 to 12/31/2015	$12.51236	$11.87950	707,194
01/01/2016 to 12/31/2016	$11.87950	$12.39266	652,493
01/01/2017 to 12/31/2017	$12.39266	$13.68793	614,310
01/01/2018 to 12/31/2018	$13.68793	$12.33410	417,414
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97840	$10.90484	298,834
01/01/2011 to 12/31/2011	$10.90484	$10.71003	216,324
01/01/2012 to 12/31/2012	$10.71003	$11.94022	205,646
01/01/2013 to 12/31/2013	$11.94022	$13.65281	1,121,713
01/01/2014 to 12/31/2014	$13.65281	$14.21155	1,856,778
01/01/2015 to 12/31/2015	$14.21155	$14.05353	2,105,517
01/01/2016 to 12/31/2016	$14.05353	$14.76693	2,054,766
01/01/2017 to 12/31/2017	$14.76693	$16.93929	1,977,760
01/01/2018 to 12/31/2018	$16.93929	$15.63766	1,550,628
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98868	$10.75742	495,866
01/01/2011 to 12/31/2011	$10.75742	$10.42508	429,911
01/01/2012 to 12/31/2012	$10.42508	$11.50261	393,067
01/01/2013 to 12/31/2013	$11.50261	$13.27553	1,074,399
01/01/2014 to 12/31/2014	$13.27553	$13.87277	1,959,032
01/01/2015 to 12/31/2015	$13.87277	$13.67396	2,175,371
01/01/2016 to 12/31/2016	$13.67396	$14.25960	2,120,713
01/01/2017 to 12/31/2017	$14.25960	$16.07475	2,066,118
01/01/2018 to 12/31/2018	$16.07475	$14.98965	1,731,857
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99842	$9.15128	0
01/01/2012 to 12/31/2012	$9.15128	$10.04504	0
01/01/2013 to 12/31/2013	$10.04504	$10.92367	311,359
01/01/2014 to 12/31/2014	$10.92367	$11.24074	702,297
01/01/2015 to 12/31/2015	$11.24074	$10.69626	864,137
01/01/2016 to 12/31/2016	$10.69626	$11.22383	855,734
01/01/2017 to 12/31/2017	$11.22383	$12.39979	873,885
01/01/2018 to 12/31/2018	$12.39979	$11.52080	655,547
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00785	$10.08594	15,226
01/01/2011 to 12/31/2011	$10.08594	$10.11721	11,174
01/01/2012 to 12/31/2012	$10.11721	$10.39081	10,747
01/01/2013 to 12/31/2013	$10.39081	$9.97182	48,740
01/01/2014 to 12/31/2014	$9.97182	$9.77297	96,935
01/01/2015 to 12/31/2015	$9.77297	$9.63362	76,421
01/01/2016 to 12/31/2016	$9.63362	$9.60532	100,033
01/01/2017 to 12/31/2017	$9.60532	$9.58362	67,512
01/01/2018 to 12/31/2018	$9.58362	$9.47050	54,230

A 33



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00677	$10.35874	160,936
01/01/2011 to 12/31/2011	$10.35874	$10.48519	94,123
01/01/2012 to 12/31/2012	$10.48519	$11.24454	84,364
01/01/2013 to 12/31/2013	$11.24454	$10.82817	68,270
01/01/2014 to 12/31/2014	$10.82817	$11.07205	80,588
01/01/2015 to 12/31/2015	$11.07205	$10.63279	65,477
01/01/2016 to 12/31/2016	$10.63279	$10.87224	54,678
01/01/2017 to 12/31/2017	$10.87224	$11.13147	56,514
01/01/2018 to 12/31/2018	$11.13147	$10.84682	28,624
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00713	$10.63369	0
01/01/2011 to 12/31/2011	$10.63369	$11.84852	711,400
01/01/2012 to 12/31/2012	$11.84852	$12.28752	647,706
01/01/2013 to 12/31/2013	$12.28752	$11.67514	631,400
01/01/2014 to 12/31/2014	$11.67514	$11.75826	470,190
01/01/2015 to 12/31/2015	$11.75826	$11.62839	524,780
01/01/2016 to 12/31/2016	$11.62839	$11.59135	285,822
01/01/2017 to 12/31/2017	$11.59135	$11.45260	560,149
01/01/2018 to 12/31/2018	$11.45260	$11.31877	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99842	$10.63662	0
01/01/2011 to 12/31/2011	$10.63662	$12.10168	0
01/01/2012 to 12/31/2012	$12.10168	$12.56702	91,657
01/01/2013 to 12/31/2013	$12.56702	$11.73261	102,967
01/01/2014 to 12/31/2014	$11.73261	$12.00049	59,139
01/01/2015 to 12/31/2015	$12.00049	$11.89863	71,094
01/01/2016 to 12/31/2016	$11.89863	$11.84192	65,291
01/01/2017 to 12/31/2017	$11.84192	$11.70583	37,693
01/01/2018 to 12/31/2018	$11.70583	$11.54681	484,635
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00925	$10.66744	0
01/01/2011 to 12/31/2011	$10.66744	$12.41953	470
01/01/2012 to 12/31/2012	$12.41953	$12.95314	0
01/01/2013 to 12/31/2013	$12.95314	$11.87901	174,512
01/01/2014 to 12/31/2014	$11.87901	$12.37107	139,121
01/01/2015 to 12/31/2015	$12.37107	$12.32133	194,851
01/01/2016 to 12/31/2016	$12.32133	$12.32424	158,050
01/01/2017 to 12/31/2017	$12.32424	$12.19778	47,043
01/01/2018 to 12/31/2018	$12.19778	$11.99964	56,525
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00818	$10.76903	0
01/01/2011 to 12/31/2011	$10.76903	$12.70955	861,992
01/01/2012 to 12/31/2012	$12.70955	$13.31482	810,057
01/01/2013 to 12/31/2013	$13.31482	$12.14747	199,150
01/01/2014 to 12/31/2014	$12.14747	$12.83201	332,494
01/01/2015 to 12/31/2015	$12.83201	$12.81266	320,540
01/01/2016 to 12/31/2016	$12.81266	$12.82527	261,437
01/01/2017 to 12/31/2017	$12.82527	$12.78103	87,087
01/01/2018 to 12/31/2018	$12.78103	$12.54546	60,955

A 34



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99842	$12.00835	353,944
01/01/2012 to 12/31/2012	$12.00835	$12.46866	553,030
01/01/2013 to 12/31/2013	$12.46866	$11.03969	690,229
01/01/2014 to 12/31/2014	$11.03969	$11.95288	531,200
01/01/2015 to 12/31/2015	$11.95288	$11.97163	538,439
01/01/2016 to 12/31/2016	$11.97163	$11.95917	359,165
01/01/2017 to 12/31/2017	$11.95917	$11.91655	292,576
01/01/2018 to 12/31/2018	$11.91655	$11.67173	86,078
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99790	$10.38840	79,723
01/01/2013 to 12/31/2013	$10.38840	$9.15159	1,355,620
01/01/2014 to 12/31/2014	$9.15159	$10.11067	483,237
01/01/2015 to 12/31/2015	$10.11067	$10.18710	3,257
01/01/2016 to 12/31/2016	$10.18710	$10.18486	56,018
01/01/2017 to 12/31/2017	$10.18486	$10.16122	46,773
01/01/2018 to 12/31/2018	$10.16122	$9.94091	23,547
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99895	$8.74065	98,599
01/01/2014 to 12/31/2014	$8.74065	$9.82571	272,791
01/01/2015 to 12/31/2015	$9.82571	$9.91282	14,331
01/01/2016 to 12/31/2016	$9.91282	$9.91025	0
01/01/2017 to 12/31/2017	$9.91025	$9.88602	247,080
01/01/2018 to 12/31/2018	$9.88602	$9.63479	205,428
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99895	$11.29143	77,127
01/01/2015 to 12/31/2015	$11.29143	$11.29830	998,407
01/01/2016 to 12/31/2016	$11.29830	$11.35800	0
01/01/2017 to 12/31/2017	$11.35800	$11.34658	0
01/01/2018 to 12/31/2018	$11.34658	$11.04810	90,397
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99895	$9.92773	91,167
01/01/2016 to 12/31/2016	$9.92773	$9.94169	1,061,459
01/01/2017 to 12/31/2017	$9.94169	$9.98937	716,149
01/01/2018 to 12/31/2018	$9.98937	$9.69663	660,306
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99790	$9.86937	657,558
01/01/2017 to 12/31/2017	$9.86937	$9.94229	428,070
01/01/2018 to 12/31/2018	$9.94229	$9.62962	330,407
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99790	$10.02639	0
01/01/2018 to 12/31/2018	$10.02639	$9.63278	410,196
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99790	$9.65205	13,088
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97759	$10.83811	288,561
01/01/2011 to 12/31/2011	$10.83811	$10.37448	161,314
01/01/2012 to 12/31/2012	$10.37448	$11.57366	136,989
01/01/2013 to 12/31/2013	$11.57366	$13.92892	726,695
01/01/2014 to 12/31/2014	$13.92892	$14.62013	1,647,889
01/01/2015 to 12/31/2015	$14.62013	$14.41893	2,103,110
01/01/2016 to 12/31/2016	$14.41893	$15.11264	2,268,473
01/01/2017 to 12/31/2017	$15.11264	$17.47869	2,301,978
01/01/2018 to 12/31/2018	$17.47869	$16.07872	1,776,864

A 35



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99842	$11.63768	1,787
01/01/2014 to 12/31/2014	$11.63768	$12.97041	33,733
01/01/2015 to 12/31/2015	$12.97041	$12.26956	36,945
01/01/2016 to 12/31/2016	$12.26956	$13.82976	35,364
01/01/2017 to 12/31/2017	$13.82976	$16.06461	34,537
01/01/2018 to 12/31/2018	$16.06461	$15.00682	27,174
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95981	$11.79118	8,354
01/01/2011 to 12/31/2011	$11.79118	$12.32991	9,082
01/01/2012 to 12/31/2012	$12.32991	$13.95173	6,438
01/01/2013 to 12/31/2013	$13.95173	$14.11551	4,554
01/01/2014 to 12/31/2014	$14.11551	$18.12815	18,315
01/01/2015 to 12/31/2015	$18.12815	$18.64520	23,256
01/01/2016 to 12/31/2016	$18.64520	$19.17255	24,618
01/01/2017 to 12/31/2017	$19.17255	$19.98393	18,099
01/01/2018 to 12/31/2018	$19.98393	$18.67009	16,344
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97590	$11.02002	203,708
01/01/2011 to 12/31/2011	$11.02002	$10.64837	156,932
01/01/2012 to 12/31/2012	$10.64837	$11.55676	142,625
01/01/2013 to 12/31/2013	$11.55676	$13.01069	531,149
01/01/2014 to 12/31/2014	$13.01069	$13.16575	872,849
01/01/2015 to 12/31/2015	$13.16575	$13.04361	1,193,809
01/01/2016 to 12/31/2016	$13.04361	$13.34057	1,209,702
01/01/2017 to 12/31/2017	$13.34057	$15.24362	1,156,419
01/01/2018 to 12/31/2018	$15.24362	$13.79435	911,474
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.97009	$11.55054	6,075
01/01/2011 to 12/31/2011	$11.55054	$10.76044	2,731
01/01/2012 to 12/31/2012	$10.76044	$13.38514	2,361
01/01/2013 to 12/31/2013	$13.38514	$13.70175	1,196
01/01/2014 to 12/31/2014	$13.70175	$15.31302	5,133
01/01/2015 to 12/31/2015	$15.31302	$15.00855	4,492
01/01/2016 to 12/31/2016	$15.00855	$14.85588	4,835
01/01/2017 to 12/31/2017	$14.85588	$16.16100	4,010
01/01/2018 to 12/31/2018	$16.16100	$15.10567	4,470
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99167	$10.77026	8,117
01/01/2011 to 12/31/2011	$10.77026	$9.98271	3,561
01/01/2012 to 12/31/2012	$9.98271	$11.71868	3,339
01/01/2013 to 12/31/2013	$11.71868	$15.35222	8,983
01/01/2014 to 12/31/2014	$15.35222	$17.03825	22,227
01/01/2015 to 12/31/2015	$17.03825	$15.94208	54,302
01/01/2016 to 12/31/2016	$15.94208	$17.44498	51,333
01/01/2017 to 12/31/2017	$17.44498	$18.78254	49,349
01/01/2018 to 12/31/2018	$18.78254	$16.85260	25,858

A 36



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01975	$11.42143	14,643
01/01/2011 to 12/31/2011	$11.42143	$10.87115	10,984
01/01/2012 to 12/31/2012	$10.87115	$12.75606	6,987
01/01/2013 to 12/31/2013	$12.75606	$16.54211	13,075
01/01/2014 to 12/31/2014	$16.54211	$18.09847	21,528
01/01/2015 to 12/31/2015	$18.09847	$16.74518	39,669
01/01/2016 to 12/31/2016	$16.74518	$16.69798	40,367
01/01/2017 to 12/31/2017	$16.69798	$20.81960	44,253
01/01/2018 to 12/31/2018	$20.81960	$19.53372	26,873
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98817	$10.70690	133,407
01/01/2011 to 12/31/2011	$10.70690	$10.45048	88,967
01/01/2012 to 12/31/2012	$10.45048	$11.29012	62,652
01/01/2013 to 12/31/2013	$11.29012	$12.16343	470,528
01/01/2014 to 12/31/2014	$12.16343	$12.41448	771,815
01/01/2015 to 12/31/2015	$12.41448	$12.06788	821,049
01/01/2016 to 12/31/2016	$12.06788	$12.46133	805,442
01/01/2017 to 12/31/2017	$12.46133	$13.72685	1,098,834
01/01/2018 to 12/31/2018	$13.72685	$12.51425	874,431
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96505	$11.49647	12,376
01/01/2011 to 12/31/2011	$11.49647	$11.42521	9,830
01/01/2012 to 12/31/2012	$11.42521	$12.96647	6,907
01/01/2013 to 12/31/2013	$12.96647	$17.65730	12,855
01/01/2014 to 12/31/2014	$17.65730	$18.56865	19,041
01/01/2015 to 12/31/2015	$18.56865	$17.21498	17,290
01/01/2016 to 12/31/2016	$17.21498	$20.99466	16,559
01/01/2017 to 12/31/2017	$20.99466	$23.10732	15,597
01/01/2018 to 12/31/2018	$23.10732	$19.47796	12,487
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99843	$9.84822	634
01/01/2011 to 12/31/2011	$9.84822	$9.66356	390
01/01/2012 to 12/31/2012	$9.66356	$9.48024	275
01/01/2013 to 12/31/2013	$9.48024	$9.30014	11,794
01/01/2014 to 12/31/2014	$9.30014	$9.12348	55,662
01/01/2015 to 12/31/2015	$9.12348	$8.95015	45,175
01/01/2016 to 12/31/2016	$8.95015	$8.78059	20,871
01/01/2017 to 12/31/2017	$8.78059	$8.64352	17,771
01/01/2018 to 12/31/2018	$8.64352	$8.58869	24,344
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98440	$10.76839	14,033
01/01/2011 to 12/31/2011	$10.76839	$10.89931	11,010
01/01/2012 to 12/31/2012	$10.89931	$12.17532	9,565
01/01/2013 to 12/31/2013	$12.17532	$12.80158	10,980
01/01/2014 to 12/31/2014	$12.80158	$12.87958	52,516
01/01/2015 to 12/31/2015	$12.87958	$12.18460	60,688
01/01/2016 to 12/31/2016	$12.18460	$13.79401	56,464
01/01/2017 to 12/31/2017	$13.79401	$14.54378	46,813
01/01/2018 to 12/31/2018	$14.54378	$13.98263	31,469

A 37



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99041	$10.62452	0
01/01/2011 to 12/31/2011	$10.62452	$9.98690	0
01/01/2012 to 12/31/2012	$9.98690	$11.45122	0
01/01/2013 to 12/31/2013	$11.45122	$15.71162	9,401
01/01/2014 to 12/31/2014	$15.71162	$17.53196	26,182
01/01/2015 to 12/31/2015	$17.53196	$15.85109	26,087
01/01/2016 to 12/31/2016	$15.85109	$18.64310	26,396
01/01/2017 to 12/31/2017	$18.64310	$21.80018	25,650
01/01/2018 to 12/31/2018	$21.80018	$18.35737	22,460
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92925	$11.26302	11,414
01/01/2011 to 12/31/2011	$11.26302	$9.62127	7,245
01/01/2012 to 12/31/2012	$9.62127	$11.36049	6,477
01/01/2013 to 12/31/2013	$11.36049	$13.26847	4,617
01/01/2014 to 12/31/2014	$13.26847	$12.29718	7,578
01/01/2015 to 12/31/2015	$12.29718	$12.44336	5,012
01/01/2016 to 12/31/2016	$12.44336	$11.74631	6,479
01/01/2017 to 12/31/2017	$11.74631	$15.60622	5,241
01/01/2018 to 12/31/2018	$15.60622	$13.26744	2,697
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92912	$10.80157	5,018
01/01/2011 to 12/31/2011	$10.80157	$9.26679	3,829
01/01/2012 to 12/31/2012	$9.26679	$10.60652	3,715
01/01/2013 to 12/31/2013	$10.60652	$12.43063	6,000
01/01/2014 to 12/31/2014	$12.43063	$11.37699	7,716
01/01/2015 to 12/31/2015	$11.37699	$11.25207	6,928
01/01/2016 to 12/31/2016	$11.25207	$11.10280	6,423
01/01/2017 to 12/31/2017	$11.10280	$13.37734	6,782
01/01/2018 to 12/31/2018	$13.37734	$11.00440	3,487
AST Investment Grade Bond Portfolio
02/25/2013* to 12/31/2013	$10.04416	$9.58248	0
01/01/2014 to 12/31/2014	$9.58248	$10.03301	4,360
01/01/2015 to 12/31/2015	$10.03301	$9.95788	571,958
01/01/2016 to 12/31/2016	$9.95788	$10.17981	1,034,456
01/01/2017 to 12/31/2017	$10.17981	$10.41759	93,507
01/01/2018 to 12/31/2018	$10.41759	$10.19139	3,642,121
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97666	$10.87788	50,507
01/01/2011 to 12/31/2011	$10.87788	$10.61070	47,740
01/01/2012 to 12/31/2012	$10.61070	$11.82263	49,065
01/01/2013 to 12/31/2013	$11.82263	$13.48642	305,865
01/01/2014 to 12/31/2014	$13.48642	$14.07221	546,197
01/01/2015 to 12/31/2015	$14.07221	$13.66023	661,769
01/01/2016 to 12/31/2016	$13.66023	$14.10036	663,148
01/01/2017 to 12/31/2017	$14.10036	$16.17872	632,067
01/01/2018 to 12/31/2018	$16.17872	$14.69972	518,532

A 38



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92178	$10.56344	4,504
01/01/2011 to 12/31/2011	$10.56344	$9.41473	1,853
01/01/2012 to 12/31/2012	$9.41473	$11.25910	2,083
01/01/2013 to 12/31/2013	$11.25910	$12.74180	4,419
01/01/2014 to 12/31/2014	$12.74180	$11.70410	30,339
01/01/2015 to 12/31/2015	$11.70410	$11.16087	30,425
01/01/2016 to 12/31/2016	$11.16087	$11.16076	30,859
01/01/2017 to 12/31/2017	$11.16076	$14.19373	29,695
01/01/2018 to 12/31/2018	$14.19373	$11.49043	29,278
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99842	$10.59346	112,641
01/01/2011 to 12/31/2011	$10.59346	$10.41679	83,867
01/01/2012 to 12/31/2012	$10.41679	$11.31408	70,443
01/01/2013 to 12/31/2013	$11.31408	$12.32370	180,845
01/01/2014 to 12/31/2014	$12.32370	$12.74837	349,981
01/01/2015 to 12/31/2015	$12.74837	$12.48326	424,604
01/01/2016 to 12/31/2016	$12.48326	$12.71671	414,355
01/01/2017 to 12/31/2017	$12.71671	$13.99053	471,411
01/01/2018 to 12/31/2018	$13.99053	$13.01980	332,797
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97127	$10.78242	17,547
01/01/2011 to 12/31/2011	$10.78242	$10.64798	11,764
01/01/2012 to 12/31/2012	$10.64798	$12.03168	10,338
01/01/2013 to 12/31/2013	$12.03168	$16.11071	4,038
01/01/2014 to 12/31/2014	$16.11071	$17.30665	6,517
01/01/2015 to 12/31/2015	$17.30665	$18.78339	5,553
01/01/2016 to 12/31/2016	$18.78339	$18.15736	5,168
01/01/2017 to 12/31/2017	$18.15736	$24.19589	5,624
01/01/2018 to 12/31/2018	$24.19589	$23.35129	5,292
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99253	$11.31191	6,498
01/01/2011 to 12/31/2011	$11.31191	$10.99595	2,780
01/01/2012 to 12/31/2012	$10.99595	$12.10993	2,872
01/01/2013 to 12/31/2013	$12.10993	$16.22936	2,771
01/01/2014 to 12/31/2014	$16.22936	$17.60703	11,626
01/01/2015 to 12/31/2015	$17.60703	$19.01221	9,072
01/01/2016 to 12/31/2016	$19.01221	$19.69184	7,431
01/01/2017 to 12/31/2017	$19.69184	$25.69193	6,460
01/01/2018 to 12/31/2018	$25.69193	$24.52367	4,243
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98755	$10.90100	7,833
01/01/2011 to 12/31/2011	$10.90100	$10.35922	5,493
01/01/2012 to 12/31/2012	$10.35922	$12.50742	3,959
01/01/2013 to 12/31/2013	$12.50742	$15.66056	3,078
01/01/2014 to 12/31/2014	$15.66056	$15.92073	5,144
01/01/2015 to 12/31/2015	$15.92073	$15.38936	5,888
01/01/2016 to 12/31/2016	$15.38936	$16.17127	6,464
01/01/2017 to 12/31/2017	$16.17127	$19.64715	8,015
01/01/2018 to 12/31/2018	$19.64715	$17.43073	7,575

A 39



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99842	$10.87655	6,060
01/01/2011 to 12/31/2011	$10.87655	$10.60683	2,566
01/01/2012 to 12/31/2012	$10.60683	$12.18265	3,081
01/01/2013 to 12/31/2013	$12.18265	$16.33812	6,084
01/01/2014 to 12/31/2014	$16.33812	$17.42381	9,878
01/01/2015 to 12/31/2015	$17.42381	$18.32835	8,406
01/01/2016 to 12/31/2016	$18.32835	$18.32462	8,939
01/01/2017 to 12/31/2017	$18.32462	$23.49795	6,758
01/01/2018 to 12/31/2018	$23.49795	$23.54466	5,258
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99843	$10.18715	0
01/01/2013 to 12/31/2013	$10.18715	$13.44187	4,666
01/01/2014 to 12/31/2014	$13.44187	$14.53393	6,768
01/01/2015 to 12/31/2015	$14.53393	$14.15468	8,281
01/01/2016 to 12/31/2016	$14.15468	$15.75350	9,147
01/01/2017 to 12/31/2017	$15.75350	$18.13481	9,863
01/01/2018 to 12/31/2018	$18.13481	$15.98283	7,112
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99098	$11.24020	2,569
01/01/2011 to 12/31/2011	$11.24020	$10.75300	1,902
01/01/2012 to 12/31/2012	$10.75300	$12.35515	1,785
01/01/2013 to 12/31/2013	$12.35515	$17.21196	17,385
01/01/2014 to 12/31/2014	$17.21196	$19.29110	24,085
01/01/2015 to 12/31/2015	$19.29110	$17.85778	20,175
01/01/2016 to 12/31/2016	$17.85778	$20.71307	20,560
01/01/2017 to 12/31/2017	$20.71307	$23.12258	22,463
01/01/2018 to 12/31/2018	$23.12258	$18.95129	13,203
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99843	$10.30591	4,572
01/01/2013 to 12/31/2013	$10.30591	$12.02243	164,303
01/01/2014 to 12/31/2014	$12.02243	$12.40002	354,444
01/01/2015 to 12/31/2015	$12.40002	$12.01335	465,156
01/01/2016 to 12/31/2016	$12.01335	$12.29506	512,880
01/01/2017 to 12/31/2017	$12.29506	$14.05136	484,245
01/01/2018 to 12/31/2018	$14.05136	$12.64242	370,940
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93890	$11.68109	24,943
01/01/2011 to 12/31/2011	$11.68109	$9.13642	17,385
01/01/2012 to 12/31/2012	$9.13642	$10.56957	10,106
01/01/2013 to 12/31/2013	$10.56957	$10.39181	14,396
01/01/2014 to 12/31/2014	$10.39181	$9.71685	17,017
01/01/2015 to 12/31/2015	$9.71685	$7.93770	15,640
01/01/2016 to 12/31/2016	$7.93770	$8.74987	17,206
01/01/2017 to 12/31/2017	$8.74987	$10.84837	13,858
01/01/2018 to 12/31/2018	$10.84837	$9.14636	9,425
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98939	$10.60245	393,476
01/01/2011 to 12/31/2011	$10.60245	$10.50489	272,532
01/01/2012 to 12/31/2012	$10.50489	$11.37415	244,555
01/01/2013 to 12/31/2013	$11.37415	$12.18605	691,299
01/01/2014 to 12/31/2014	$12.18605	$12.64490	1,143,117
01/01/2015 to 12/31/2015	$12.64490	$12.42241	1,257,307
01/01/2016 to 12/31/2016	$12.42241	$12.86037	1,278,579
01/01/2017 to 12/31/2017	$12.86037	$13.89478	1,590,624
01/01/2018 to 12/31/2018	$13.89478	$13.24226	1,183,479

A 40



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01834	$10.06623	0
01/01/2012 to 12/31/2012	$10.06623	$10.57685	0
01/01/2013 to 12/31/2013	$10.57685	$10.13596	345
01/01/2014 to 12/31/2014	$10.13596	$10.54611	69,760
01/01/2015 to 12/31/2015	$10.54611	$10.31799	82,414
01/01/2016 to 12/31/2016	$10.31799	$10.54843	82,362
01/01/2017 to 12/31/2017	$10.54843	$10.93540	78,782
01/01/2018 to 12/31/2018	$10.93540	$10.63925	39,237
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96342	$11.51434	138,008
01/01/2011 to 12/31/2011	$11.51434	$10.59391	87,805
01/01/2012 to 12/31/2012	$10.59391	$11.73515	80,358
01/01/2013 to 12/31/2013	$11.73515	$13.47231	486,763
01/01/2014 to 12/31/2014	$13.47231	$14.43197	1,078,879
01/01/2015 to 12/31/2015	$14.43197	$14.07110	1,496,821
01/01/2016 to 12/31/2016	$14.07110	$15.19778	1,551,233
01/01/2017 to 12/31/2017	$15.19778	$17.30972	3,076,300
01/01/2018 to 12/31/2018	$17.30972	$15.68936	2,308,970
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99842	$10.89657	2,332
01/01/2011 to 12/31/2011	$10.89657	$11.05948	1,101
01/01/2012 to 12/31/2012	$11.05948	$12.88919	1,075
01/01/2013 to 12/31/2013	$12.88919	$16.74464	712
01/01/2014 to 12/31/2014	$16.74464	$19.25416	6,999
01/01/2015 to 12/31/2015	$19.25416	$19.46992	8,420
01/01/2016 to 12/31/2016	$19.46992	$21.93650	7,689
01/01/2017 to 12/31/2017	$21.93650	$26.30946	7,989
01/01/2018 to 12/31/2018	$26.30946	$23.68633	9,059
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99842	$8.88478	0
01/01/2012 to 12/31/2012	$8.88478	$9.86246	0
01/01/2013 to 12/31/2013	$9.86246	$11.84221	3,907
01/01/2014 to 12/31/2014	$11.84221	$12.37240	7,967
01/01/2015 to 12/31/2015	$12.37240	$12.15561	9,221
01/01/2016 to 12/31/2016	$12.15561	$12.67909	9,010
01/01/2017 to 12/31/2017	$12.67909	$14.70144	8,732
01/01/2018 to 12/31/2018	$14.70144	$13.47923	8,765
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98748	$10.79117	253,274
01/01/2011 to 12/31/2011	$10.79117	$10.39420	169,711
01/01/2012 to 12/31/2012	$10.39420	$11.24487	146,649
01/01/2013 to 12/31/2013	$11.24487	$12.40346	619,536
01/01/2014 to 12/31/2014	$12.40346	$12.79317	901,167
01/01/2015 to 12/31/2015	$12.79317	$12.52933	1,941,390
01/01/2016 to 12/31/2016	$12.52933	$12.88360	1,829,141
01/01/2017 to 12/31/2017	$12.88360	$14.69123	1,813,233
01/01/2018 to 12/31/2018	$14.69123	$13.27175	1,319,794

A 41



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97176	$12.16375	2,818
01/01/2011 to 12/31/2011	$12.16375	$10.36831	2,704
01/01/2012 to 12/31/2012	$10.36831	$12.21274	2,241
01/01/2013 to 12/31/2013	$12.21274	$16.87039	3,306
01/01/2014 to 12/31/2014	$16.87039	$17.36748	10,091
01/01/2015 to 12/31/2015	$17.36748	$17.26490	8,500
01/01/2016 to 12/31/2016	$17.26490	$18.24165	7,795
01/01/2017 to 12/31/2017	$18.24165	$22.85160	12,284
01/01/2018 to 12/31/2018	$22.85160	$19.98435	7,551
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96081	$12.62411	2,369
01/01/2011 to 12/31/2011	$12.62411	$12.26334	985
01/01/2012 to 12/31/2012	$12.26334	$13.49477	1,295
01/01/2013 to 12/31/2013	$13.49477	$17.89491	8,900
01/01/2014 to 12/31/2014	$17.89491	$18.22541	11,764
01/01/2015 to 12/31/2015	$18.22541	$18.01957	9,606
01/01/2016 to 12/31/2016	$18.01957	$19.81286	11,955
01/01/2017 to 12/31/2017	$19.81286	$24.08619	11,545
01/01/2018 to 12/31/2018	$24.08619	$21.64045	8,078
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96424	$11.47308	2,916
01/01/2011 to 12/31/2011	$11.47308	$10.58275	1,021
01/01/2012 to 12/31/2012	$10.58275	$12.26676	914
01/01/2013 to 12/31/2013	$12.26676	$16.53459	1,840
01/01/2014 to 12/31/2014	$16.53459	$17.07496	4,761
01/01/2015 to 12/31/2015	$17.07496	$16.02859	5,503
01/01/2016 to 12/31/2016	$16.02859	$20.31700	4,190
01/01/2017 to 12/31/2017	$20.31700	$21.39649	4,441
01/01/2018 to 12/31/2018	$21.39649	$17.40398	3,950
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99212	$10.69858	424,416
01/01/2011 to 12/31/2011	$10.69858	$10.70386	354,864
01/01/2012 to 12/31/2012	$10.70386	$11.91749	311,145
01/01/2013 to 12/31/2013	$11.91749	$13.65914	1,302,316
01/01/2014 to 12/31/2014	$13.65914	$14.18744	2,512,380
01/01/2015 to 12/31/2015	$14.18744	$13.92374	4,223,132
01/01/2016 to 12/31/2016	$13.92374	$14.69039	4,147,582
01/01/2017 to 12/31/2017	$14.69039	$16.63259	4,013,217
01/01/2018 to 12/31/2018	$16.63259	$15.44574	3,119,978
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97100	$11.14285	35,721
01/01/2011 to 12/31/2011	$11.14285	$10.74611	28,961
01/01/2012 to 12/31/2012	$10.74611	$12.39520	23,590
01/01/2013 to 12/31/2013	$12.39520	$17.51339	29,021
01/01/2014 to 12/31/2014	$17.51339	$18.61447	56,020
01/01/2015 to 12/31/2015	$18.61447	$20.01090	60,817
01/01/2016 to 12/31/2016	$20.01090	$20.16122	59,831
01/01/2017 to 12/31/2017	$20.16122	$27.27281	65,895
01/01/2018 to 12/31/2018	$27.27281	$27.78620	29,909

A 42



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98603	$10.67390	9,539
01/01/2011 to 12/31/2011	$10.67390	$10.41987	2,561
01/01/2012 to 12/31/2012	$10.41987	$11.59143	2,472
01/01/2013 to 12/31/2013	$11.59143	$15.30911	570
01/01/2014 to 12/31/2014	$15.30911	$15.25228	5,726
01/01/2015 to 12/31/2015	$15.25228	$14.05521	5,211
01/01/2016 to 12/31/2016	$14.05521	$14.63380	5,661
01/01/2017 to 12/31/2017	$14.63380	$16.73292	5,454
01/01/2018 to 12/31/2018	$16.73292	$14.81941	5,145
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85968	$11.48283	16,796
01/01/2011 to 12/31/2011	$11.48283	$9.58441	13,137
01/01/2012 to 12/31/2012	$9.58441	$9.74218	10,910
01/01/2013 to 12/31/2013	$9.74218	$11.02705	4,485
01/01/2014 to 12/31/2014	$11.02705	$9.91307	10,425
01/01/2015 to 12/31/2015	$9.91307	$7.85235	11,349
01/01/2016 to 12/31/2016	$7.85235	$9.59967	9,765
01/01/2017 to 12/31/2017	$9.59967	$10.38845	6,943
01/01/2018 to 12/31/2018	$10.38845	$8.49293	5,610
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.98011	$10.31689	24,262
01/01/2011 to 12/31/2011	$10.31689	$10.53864	16,566
01/01/2012 to 12/31/2012	$10.53864	$10.87844	15,623
01/01/2013 to 12/31/2013	$10.87844	$10.27131	11,270
01/01/2014 to 12/31/2014	$10.27131	$10.13234	35,195
01/01/2015 to 12/31/2015	$10.13234	$9.48072	32,653
01/01/2016 to 12/31/2016	$9.48072	$9.70623	33,571
01/01/2017 to 12/31/2017	$9.70623	$9.71675	40,393
01/01/2018 to 12/31/2018	$9.71675	$9.72168	26,849
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98869	$11.50772	2,859
01/01/2011 to 12/31/2011	$11.50772	$10.89980	978
01/01/2012 to 12/31/2012	$10.89980	$12.66098	1,022
01/01/2013 to 12/31/2013	$12.66098	$16.44666	2,641
01/01/2014 to 12/31/2014	$16.44666	$18.54936	7,132
01/01/2015 to 12/31/2015	$18.54936	$16.99439	7,431
01/01/2016 to 12/31/2016	$16.99439	$19.00556	7,345
01/01/2017 to 12/31/2017	$19.00556	$22.10058	7,438
01/01/2018 to 12/31/2018	$22.10058	$18.09571	7,331
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99842	$8.82229	0
01/01/2012 to 12/31/2012	$8.82229	$9.60719	10,169
01/01/2013 to 12/31/2013	$9.60719	$11.35710	366,460
01/01/2014 to 12/31/2014	$11.35710	$11.75460	1,198,339
01/01/2015 to 12/31/2015	$11.75460	$11.45826	1,338,817
01/01/2016 to 12/31/2016	$11.45826	$11.97442	1,255,799
01/01/2017 to 12/31/2017	$11.97442	$13.34439	1,179,186
01/01/2018 to 12/31/2018	$13.34439	$12.43534	958,018

A 43



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99842	$10.40601	37,972
01/01/2011 to 12/31/2011	$10.40601	$10.82363	22,075
01/01/2012 to 12/31/2012	$10.82363	$11.45149	21,616
01/01/2013 to 12/31/2013	$11.45149	$11.06625	32,491
01/01/2014 to 12/31/2014	$11.06625	$11.63736	70,423
01/01/2015 to 12/31/2015	$11.63736	$11.55742	63,917
01/01/2016 to 12/31/2016	$11.55742	$11.92225	62,894
01/01/2017 to 12/31/2017	$11.92225	$12.43412	69,798
01/01/2018 to 12/31/2018	$12.43412	$11.92046	66,078
*Denotes the start date of these sub-accounts

A 44



PREMIER RETIREMENT L SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HAV (2.10%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96755	$10.78127	616,622
01/01/2011 to 12/31/2011	$10.78127	$10.27449	1,188,522
01/01/2012 to 12/31/2012	$10.27449	$11.32236	1,537,363
01/01/2013 to 12/31/2013	$11.32236	$12.19011	1,612,732
01/01/2014 to 12/31/2014	$12.19011	$12.38986	1,375,382
01/01/2015 to 12/31/2015	$12.38986	$11.73914	1,098,760
01/01/2016 to 12/31/2016	$11.73914	$12.22137	994,260
01/01/2017 to 12/31/2017	$12.22137	$13.47124	1,014,369
01/01/2018 to 12/31/2018	$13.47124	$12.11393	654,337
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97824	$10.88690	470,553
01/01/2011 to 12/31/2011	$10.88690	$10.67064	735,064
01/01/2012 to 12/31/2012	$10.67064	$11.87203	1,358,648
01/01/2013 to 12/31/2013	$11.87203	$13.54713	1,460,959
01/01/2014 to 12/31/2014	$13.54713	$14.07267	1,416,850
01/01/2015 to 12/31/2015	$14.07267	$13.88783	1,332,878
01/01/2016 to 12/31/2016	$13.88783	$14.56311	1,246,753
01/01/2017 to 12/31/2017	$14.56311	$16.67151	1,171,022
01/01/2018 to 12/31/2018	$16.67151	$15.35892	972,241
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98851	$10.73966	572,938
01/01/2011 to 12/31/2011	$10.73966	$10.38658	960,066
01/01/2012 to 12/31/2012	$10.38658	$11.43662	1,455,490
01/01/2013 to 12/31/2013	$11.43662	$13.17247	1,582,290
01/01/2014 to 12/31/2014	$13.17247	$13.73688	1,545,081
01/01/2015 to 12/31/2015	$13.73688	$13.51240	1,450,619
01/01/2016 to 12/31/2016	$13.51240	$14.06251	1,340,995
01/01/2017 to 12/31/2017	$14.06251	$15.82021	1,353,584
01/01/2018 to 12/31/2018	$15.82021	$14.72202	1,137,189
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99826	$9.13879	82,761
01/01/2012 to 12/31/2012	$9.13879	$10.01086	388,295
01/01/2013 to 12/31/2013	$10.01086	$10.86430	389,792
01/01/2014 to 12/31/2014	$10.86430	$11.15680	354,953
01/01/2015 to 12/31/2015	$11.15680	$10.59478	327,092
01/01/2016 to 12/31/2016	$10.59478	$11.09480	288,327
01/01/2017 to 12/31/2017	$11.09480	$12.23238	221,033
01/01/2018 to 12/31/2018	$12.23238	$11.34201	203,210
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00768	$10.06943	52,634
01/01/2011 to 12/31/2011	$10.06943	$10.07987	87,127
01/01/2012 to 12/31/2012	$10.07987	$10.33107	107,653
01/01/2013 to 12/31/2013	$10.33107	$9.89418	81,693
01/01/2014 to 12/31/2014	$9.89418	$9.67708	75,778
01/01/2015 to 12/31/2015	$9.67708	$9.51958	50,579
01/01/2016 to 12/31/2016	$9.51958	$9.47295	35,766
01/01/2017 to 12/31/2017	$9.47295	$9.43279	31,787
01/01/2018 to 12/31/2018	$9.43279	$9.30250	21,308

A 45



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00660	$10.34172	542,883
01/01/2011 to 12/31/2011	$10.34172	$10.44670	725,486
01/01/2012 to 12/31/2012	$10.44670	$11.18028	1,202,300
01/01/2013 to 12/31/2013	$11.18028	$10.74438	1,310,826
01/01/2014 to 12/31/2014	$10.74438	$10.96377	1,221,686
01/01/2015 to 12/31/2015	$10.96377	$10.50721	974,784
01/01/2016 to 12/31/2016	$10.50721	$10.72204	874,714
01/01/2017 to 12/31/2017	$10.72204	$10.95529	940,950
01/01/2018 to 12/31/2018	$10.95529	$10.65326	706,193
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97742	$10.82029	534,767
01/01/2011 to 12/31/2011	$10.82029	$10.33635	590,706
01/01/2012 to 12/31/2012	$10.33635	$11.50768	998,236
01/01/2013 to 12/31/2013	$11.50768	$13.82131	1,367,287
01/01/2014 to 12/31/2014	$13.82131	$14.47761	1,378,372
01/01/2015 to 12/31/2015	$14.47761	$14.24918	1,337,845
01/01/2016 to 12/31/2016	$14.24918	$14.90433	1,282,112
01/01/2017 to 12/31/2017	$14.90433	$17.20269	1,160,601
01/01/2018 to 12/31/2018	$17.20269	$15.79233	1,018,773
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99826	$11.61742	6,248
01/01/2014 to 12/31/2014	$11.61742	$12.92135	35,560
01/01/2015 to 12/31/2015	$12.92135	$12.19819	31,414
01/01/2016 to 12/31/2016	$12.19819	$13.72148	61,906
01/01/2017 to 12/31/2017	$13.72148	$15.90644	53,128
01/01/2018 to 12/31/2018	$15.90644	$14.82847	25,795
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95965	$11.77181	25,309
01/01/2011 to 12/31/2011	$11.77181	$12.28453	27,831
01/01/2012 to 12/31/2012	$12.28453	$13.87195	55,888
01/01/2013 to 12/31/2013	$13.87195	$14.00615	66,756
01/01/2014 to 12/31/2014	$14.00615	$17.95101	69,485
01/01/2015 to 12/31/2015	$17.95101	$18.42533	53,286
01/01/2016 to 12/31/2016	$18.42533	$18.90802	41,764
01/01/2017 to 12/31/2017	$18.90802	$19.66812	46,568
01/01/2018 to 12/31/2018	$19.66812	$18.33739	29,666
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97573	$11.00198	514,803
01/01/2011 to 12/31/2011	$11.00198	$10.60927	978,290
01/01/2012 to 12/31/2012	$10.60927	$11.49073	1,613,890
01/01/2013 to 12/31/2013	$11.49073	$12.90995	1,482,592
01/01/2014 to 12/31/2014	$12.90995	$13.03710	1,048,264
01/01/2015 to 12/31/2015	$13.03710	$12.88970	1,004,960
01/01/2016 to 12/31/2016	$12.88970	$13.15637	947,052
01/01/2017 to 12/31/2017	$13.15637	$15.00254	880,366
01/01/2018 to 12/31/2018	$15.00254	$13.54839	732,374

A 46



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96993	$11.53165	19,913
01/01/2011 to 12/31/2011	$11.53165	$10.72094	18,697
01/01/2012 to 12/31/2012	$10.72094	$13.30873	29,922
01/01/2013 to 12/31/2013	$13.30873	$13.59570	35,859
01/01/2014 to 12/31/2014	$13.59570	$15.16355	32,869
01/01/2015 to 12/31/2015	$15.16355	$14.83180	29,993
01/01/2016 to 12/31/2016	$14.83180	$14.65107	28,470
01/01/2017 to 12/31/2017	$14.65107	$15.90570	29,599
01/01/2018 to 12/31/2018	$15.90570	$14.83656	21,335
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99150	$10.75256	21,331
01/01/2011 to 12/31/2011	$10.75256	$9.94608	50,887
01/01/2012 to 12/31/2012	$9.94608	$11.65181	89,883
01/01/2013 to 12/31/2013	$11.65181	$15.23345	93,138
01/01/2014 to 12/31/2014	$15.23345	$16.87205	103,246
01/01/2015 to 12/31/2015	$16.87205	$15.75437	154,973
01/01/2016 to 12/31/2016	$15.75437	$17.20445	163,855
01/01/2017 to 12/31/2017	$17.20445	$18.48583	208,941
01/01/2018 to 12/31/2018	$18.48583	$16.55238	138,667
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01958	$11.40273	17,909
01/01/2011 to 12/31/2011	$11.40273	$10.83119	31,037
01/01/2012 to 12/31/2012	$10.83119	$12.68323	67,026
01/01/2013 to 12/31/2013	$12.68323	$16.41409	77,749
01/01/2014 to 12/31/2014	$16.41409	$17.92176	72,445
01/01/2015 to 12/31/2015	$17.92176	$16.54789	105,671
01/01/2016 to 12/31/2016	$16.54789	$16.46765	102,967
01/01/2017 to 12/31/2017	$16.46765	$20.49067	109,847
01/01/2018 to 12/31/2018	$20.49067	$19.18568	93,975
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98800	$10.68940	274,293
01/01/2011 to 12/31/2011	$10.68940	$10.41222	413,703
01/01/2012 to 12/31/2012	$10.41222	$11.22580	631,707
01/01/2013 to 12/31/2013	$11.22580	$12.06932	616,474
01/01/2014 to 12/31/2014	$12.06932	$12.29341	589,431
01/01/2015 to 12/31/2015	$12.29341	$11.92573	472,291
01/01/2016 to 12/31/2016	$11.92573	$12.28947	422,557
01/01/2017 to 12/31/2017	$12.28947	$13.51005	440,492
01/01/2018 to 12/31/2018	$13.51005	$12.29132	304,009
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96489	$11.47751	44,646
01/01/2011 to 12/31/2011	$11.47751	$11.38312	47,480
01/01/2012 to 12/31/2012	$11.38312	$12.89210	77,117
01/01/2013 to 12/31/2013	$12.89210	$17.52034	82,400
01/01/2014 to 12/31/2014	$17.52034	$18.38705	91,633
01/01/2015 to 12/31/2015	$18.38705	$17.01185	74,059
01/01/2016 to 12/31/2016	$17.01185	$20.70469	72,349
01/01/2017 to 12/31/2017	$20.70469	$22.74177	75,877
01/01/2018 to 12/31/2018	$22.74177	$19.13040	48,508

A 47



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99826	$9.83210	68,016
01/01/2011 to 12/31/2011	$9.83210	$9.62805	130,445
01/01/2012 to 12/31/2012	$9.62805	$9.42621	155,067
01/01/2013 to 12/31/2013	$9.42621	$9.22821	198,123
01/01/2014 to 12/31/2014	$9.22821	$9.03434	165,720
01/01/2015 to 12/31/2015	$9.03434	$8.84463	142,010
01/01/2016 to 12/31/2016	$8.84463	$8.65942	129,006
01/01/2017 to 12/31/2017	$8.65942	$8.50697	109,082
01/01/2018 to 12/31/2018	$8.50697	$8.43563	62,033
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98423	$10.75077	47,933
01/01/2011 to 12/31/2011	$10.75077	$10.85949	66,789
01/01/2012 to 12/31/2012	$10.85949	$12.10603	88,288
01/01/2013 to 12/31/2013	$12.10603	$12.70285	96,327
01/01/2014 to 12/31/2014	$12.70285	$12.75411	99,076
01/01/2015 to 12/31/2015	$12.75411	$12.04126	74,329
01/01/2016 to 12/31/2016	$12.04126	$13.60403	68,636
01/01/2017 to 12/31/2017	$13.60403	$14.31431	73,013
01/01/2018 to 12/31/2018	$14.31431	$13.73367	52,962
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99024	$10.60710	9,369
01/01/2011 to 12/31/2011	$10.60710	$9.95015	8,712
01/01/2012 to 12/31/2012	$9.95015	$11.38581	18,692
01/01/2013 to 12/31/2013	$11.38581	$15.59005	36,250
01/01/2014 to 12/31/2014	$15.59005	$17.36079	43,160
01/01/2015 to 12/31/2015	$17.36079	$15.66437	44,468
01/01/2016 to 12/31/2016	$15.66437	$18.38597	71,622
01/01/2017 to 12/31/2017	$18.38597	$21.45578	59,065
01/01/2018 to 12/31/2018	$21.45578	$18.03031	56,716
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92909	$11.24449	20,260
01/01/2011 to 12/31/2011	$11.24449	$9.58589	24,041
01/01/2012 to 12/31/2012	$9.58589	$11.29559	35,590
01/01/2013 to 12/31/2013	$11.29559	$13.16577	39,165
01/01/2014 to 12/31/2014	$13.16577	$12.17716	37,512
01/01/2015 to 12/31/2015	$12.17716	$12.29675	36,556
01/01/2016 to 12/31/2016	$12.29675	$11.58431	26,314
01/01/2017 to 12/31/2017	$11.58431	$15.35957	28,814
01/01/2018 to 12/31/2018	$15.35957	$13.03078	27,153
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92896	$10.78368	15,359
01/01/2011 to 12/31/2011	$10.78368	$9.23249	30,645
01/01/2012 to 12/31/2012	$9.23249	$10.54563	42,525
01/01/2013 to 12/31/2013	$10.54563	$12.33410	42,005
01/01/2014 to 12/31/2014	$12.33410	$11.26549	42,556
01/01/2015 to 12/31/2015	$11.26549	$11.11906	27,383
01/01/2016 to 12/31/2016	$11.11906	$10.94929	21,349
01/01/2017 to 12/31/2017	$10.94929	$13.16563	20,597
01/01/2018 to 12/31/2018	$13.16563	$10.80802	12,790

A 48



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00649	$10.58844	395
01/01/2011 to 12/31/2011	$10.58844	$11.65657	4,284,339
01/01/2012 to 12/31/2012	$11.65657	$12.48437	1,875,844
01/01/2013 to 12/31/2013	$12.48437	$11.83322	360,518
01/01/2014 to 12/31/2014	$11.83322	$12.36430	472,431
01/01/2015 to 12/31/2015	$12.36430	$12.24661	1,799,371
01/01/2016 to 12/31/2016	$12.24661	$12.49409	1,950,007
01/01/2017 to 12/31/2017	$12.49409	$12.75993	790,041
01/01/2018 to 12/31/2018	$12.75993	$12.45717	3,465,611
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97649	$10.86001	180,020
01/01/2011 to 12/31/2011	$10.86001	$10.57177	326,722
01/01/2012 to 12/31/2012	$10.57177	$11.75519	600,897
01/01/2013 to 12/31/2013	$11.75519	$13.38210	600,819
01/01/2014 to 12/31/2014	$13.38210	$13.93493	599,949
01/01/2015 to 12/31/2015	$13.93493	$13.49945	551,011
01/01/2016 to 12/31/2016	$13.49945	$13.90612	511,599
01/01/2017 to 12/31/2017	$13.90612	$15.92331	512,401
01/01/2018 to 12/31/2018	$15.92331	$14.43807	428,255
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92161	$10.54608	69,067
01/01/2011 to 12/31/2011	$10.54608	$9.38012	81,760
01/01/2012 to 12/31/2012	$9.38012	$11.19486	138,763
01/01/2013 to 12/31/2013	$11.19486	$12.64339	158,885
01/01/2014 to 12/31/2014	$12.64339	$11.58999	165,397
01/01/2015 to 12/31/2015	$11.58999	$11.02943	130,939
01/01/2016 to 12/31/2016	$11.02943	$11.00699	132,936
01/01/2017 to 12/31/2017	$11.00699	$13.96977	133,366
01/01/2018 to 12/31/2018	$13.96977	$11.28582	104,333
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99826	$10.57605	175,060
01/01/2011 to 12/31/2011	$10.57605	$10.37847	273,353
01/01/2012 to 12/31/2012	$10.37847	$11.24938	422,245
01/01/2013 to 12/31/2013	$11.24938	$12.22821	402,427
01/01/2014 to 12/31/2014	$12.22821	$12.62374	383,051
01/01/2015 to 12/31/2015	$12.62374	$12.33605	336,583
01/01/2016 to 12/31/2016	$12.33605	$12.54118	290,070
01/01/2017 to 12/31/2017	$12.54118	$13.76941	273,841
01/01/2018 to 12/31/2018	$13.76941	$12.78772	211,714
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97111	$10.76470	11,375
01/01/2011 to 12/31/2011	$10.76470	$10.60883	43,364
01/01/2012 to 12/31/2012	$10.60883	$11.96308	80,352
01/01/2013 to 12/31/2013	$11.96308	$15.98615	77,382
01/01/2014 to 12/31/2014	$15.98615	$17.13785	82,679
01/01/2015 to 12/31/2015	$17.13785	$18.56219	72,098
01/01/2016 to 12/31/2016	$18.56219	$17.90707	60,028
01/01/2017 to 12/31/2017	$17.90707	$23.81386	53,435
01/01/2018 to 12/31/2018	$23.81386	$22.93529	51,341

A 49



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99236	$11.29330	61,542
01/01/2011 to 12/31/2011	$11.29330	$10.95551	80,684
01/01/2012 to 12/31/2012	$10.95551	$12.04063	135,355
01/01/2013 to 12/31/2013	$12.04063	$16.10352	132,455
01/01/2014 to 12/31/2014	$16.10352	$17.43484	162,487
01/01/2015 to 12/31/2015	$17.43484	$18.78781	98,578
01/01/2016 to 12/31/2016	$18.78781	$19.41983	100,063
01/01/2017 to 12/31/2017	$19.41983	$25.28556	102,400
01/01/2018 to 12/31/2018	$25.28556	$24.08630	72,730
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98739	$10.88308	35,110
01/01/2011 to 12/31/2011	$10.88308	$10.32113	51,259
01/01/2012 to 12/31/2012	$10.32113	$12.43595	78,335
01/01/2013 to 12/31/2013	$12.43595	$15.53932	89,553
01/01/2014 to 12/31/2014	$15.53932	$15.76524	93,252
01/01/2015 to 12/31/2015	$15.76524	$15.20794	90,219
01/01/2016 to 12/31/2016	$15.20794	$15.94814	88,569
01/01/2017 to 12/31/2017	$15.94814	$19.33665	89,216
01/01/2018 to 12/31/2018	$19.33665	$17.12009	78,917
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99826	$10.85871	15,539
01/01/2011 to 12/31/2011	$10.85871	$10.56782	28,979
01/01/2012 to 12/31/2012	$10.56782	$12.11316	59,322
01/01/2013 to 12/31/2013	$12.11316	$16.21185	55,641
01/01/2014 to 12/31/2014	$16.21185	$17.25380	83,631
01/01/2015 to 12/31/2015	$17.25380	$18.11252	39,864
01/01/2016 to 12/31/2016	$18.11252	$18.07191	38,229
01/01/2017 to 12/31/2017	$18.07191	$23.12682	32,098
01/01/2018 to 12/31/2018	$23.12682	$23.12527	25,819
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99826	$10.17946	0
01/01/2013 to 12/31/2013	$10.17946	$13.40436	3,034
01/01/2014 to 12/31/2014	$13.40436	$14.46368	1,843
01/01/2015 to 12/31/2015	$14.46368	$14.05744	2,847
01/01/2016 to 12/31/2016	$14.05744	$15.61340	20,978
01/01/2017 to 12/31/2017	$15.61340	$17.93707	19,108
01/01/2018 to 12/31/2018	$17.93707	$15.77605	23,566
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99081	$11.22185	23,350
01/01/2011 to 12/31/2011	$11.22185	$10.71360	49,052
01/01/2012 to 12/31/2012	$10.71360	$12.28480	90,654
01/01/2013 to 12/31/2013	$12.28480	$17.07924	100,251
01/01/2014 to 12/31/2014	$17.07924	$19.10337	111,928
01/01/2015 to 12/31/2015	$19.10337	$17.64787	85,414
01/01/2016 to 12/31/2016	$17.64787	$20.42786	98,836
01/01/2017 to 12/31/2017	$20.42786	$22.75780	94,254
01/01/2018 to 12/31/2018	$22.75780	$18.61396	69,205
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99826	$10.29169	97,976
01/01/2013 to 12/31/2013	$10.29169	$11.98140	123,017
01/01/2014 to 12/31/2014	$11.98140	$12.33254	167,860
01/01/2015 to 12/31/2015	$12.33254	$11.92365	171,554
01/01/2016 to 12/31/2016	$11.92365	$12.17840	150,285
01/01/2017 to 12/31/2017	$12.17840	$13.88984	140,594
01/01/2018 to 12/31/2018	$13.88984	$12.47141	101,538

A 50



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93873	$11.66195	84,926
01/01/2011 to 12/31/2011	$11.66195	$9.10284	90,497
01/01/2012 to 12/31/2012	$9.10284	$10.50918	143,486
01/01/2013 to 12/31/2013	$10.50918	$10.31145	177,032
01/01/2014 to 12/31/2014	$10.31145	$9.62209	173,301
01/01/2015 to 12/31/2015	$9.62209	$7.84425	140,164
01/01/2016 to 12/31/2016	$7.84425	$8.62930	136,119
01/01/2017 to 12/31/2017	$8.62930	$10.67714	160,874
01/01/2018 to 12/31/2018	$10.67714	$8.98352	117,892
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98922	$10.58499	861,017
01/01/2011 to 12/31/2011	$10.58499	$10.46635	1,285,489
01/01/2012 to 12/31/2012	$10.46635	$11.30921	1,905,620
01/01/2013 to 12/31/2013	$11.30921	$12.09170	1,742,237
01/01/2014 to 12/31/2014	$12.09170	$12.52144	1,620,577
01/01/2015 to 12/31/2015	$12.52144	$12.27605	1,453,620
01/01/2016 to 12/31/2016	$12.27605	$12.68287	1,249,014
01/01/2017 to 12/31/2017	$12.68287	$13.67509	1,159,745
01/01/2018 to 12/31/2018	$13.67509	$13.00614	911,382
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01818	$10.06267	0
01/01/2012 to 12/31/2012	$10.06267	$10.55146	26,834
01/01/2013 to 12/31/2013	$10.55146	$10.09089	23,433
01/01/2014 to 12/31/2014	$10.09089	$10.47775	27,600
01/01/2015 to 12/31/2015	$10.47775	$10.23026	26,846
01/01/2016 to 12/31/2016	$10.23026	$10.43751	51,554
01/01/2017 to 12/31/2017	$10.43751	$10.79838	81,190
01/01/2018 to 12/31/2018	$10.79838	$10.48440	63,109
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96325	$11.49547	376,361
01/01/2011 to 12/31/2011	$11.49547	$10.55499	757,177
01/01/2012 to 12/31/2012	$10.55499	$11.66811	1,007,820
01/01/2013 to 12/31/2013	$11.66811	$13.36799	1,072,370
01/01/2014 to 12/31/2014	$13.36799	$14.29091	1,128,809
01/01/2015 to 12/31/2015	$14.29091	$13.90511	2,143,874
01/01/2016 to 12/31/2016	$13.90511	$14.98807	2,032,021
01/01/2017 to 12/31/2017	$14.98807	$17.03621	3,188,168
01/01/2018 to 12/31/2018	$17.03621	$15.40978	2,433,245
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99826	$10.87869	5,467
01/01/2011 to 12/31/2011	$10.87869	$11.01886	11,596
01/01/2012 to 12/31/2012	$11.01886	$12.81560	21,851
01/01/2013 to 12/31/2013	$12.81560	$16.61507	21,322
01/01/2014 to 12/31/2014	$16.61507	$19.06605	112,723
01/01/2015 to 12/31/2015	$19.06605	$19.24041	45,845
01/01/2016 to 12/31/2016	$19.24041	$21.63385	40,745
01/01/2017 to 12/31/2017	$21.63385	$25.89381	36,437
01/01/2018 to 12/31/2018	$25.89381	$23.26422	42,614

A 51



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99826	$8.87255	0
01/01/2012 to 12/31/2012	$8.87255	$9.82884	0
01/01/2013 to 12/31/2013	$9.82884	$11.77773	0
01/01/2014 to 12/31/2014	$11.77773	$12.27998	0
01/01/2015 to 12/31/2015	$12.27998	$12.04019	0
01/01/2016 to 12/31/2016	$12.04019	$12.53316	0
01/01/2017 to 12/31/2017	$12.53316	$14.50269	0
01/01/2018 to 12/31/2018	$14.50269	$13.26972	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98731	$10.77337	409,386
01/01/2011 to 12/31/2011	$10.77337	$10.35589	684,746
01/01/2012 to 12/31/2012	$10.35589	$11.18047	1,280,409
01/01/2013 to 12/31/2013	$11.18047	$12.30719	1,309,146
01/01/2014 to 12/31/2014	$12.30719	$12.66800	1,274,882
01/01/2015 to 12/31/2015	$12.66800	$12.38138	1,160,188
01/01/2016 to 12/31/2016	$12.38138	$12.70553	1,034,925
01/01/2017 to 12/31/2017	$12.70553	$14.45873	1,067,791
01/01/2018 to 12/31/2018	$14.45873	$13.03493	847,872
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97159	$12.14387	23,445
01/01/2011 to 12/31/2011	$12.14387	$10.33026	36,225
01/01/2012 to 12/31/2012	$10.33026	$12.14309	52,355
01/01/2013 to 12/31/2013	$12.14309	$16.73995	46,992
01/01/2014 to 12/31/2014	$16.73995	$17.19813	46,415
01/01/2015 to 12/31/2015	$17.19813	$17.06163	30,253
01/01/2016 to 12/31/2016	$17.06163	$17.99015	27,490
01/01/2017 to 12/31/2017	$17.99015	$22.49062	28,087
01/01/2018 to 12/31/2018	$22.49062	$19.62824	21,471
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96064	$12.60328	13,391
01/01/2011 to 12/31/2011	$12.60328	$12.21817	27,114
01/01/2012 to 12/31/2012	$12.21817	$13.41755	46,297
01/01/2013 to 12/31/2013	$13.41755	$17.75618	51,816
01/01/2014 to 12/31/2014	$17.75618	$18.04719	47,606
01/01/2015 to 12/31/2015	$18.04719	$17.80700	49,101
01/01/2016 to 12/31/2016	$17.80700	$19.53933	45,284
01/01/2017 to 12/31/2017	$19.53933	$23.70528	40,751
01/01/2018 to 12/31/2018	$23.70528	$21.25441	44,047
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96407	$11.45416	7,722
01/01/2011 to 12/31/2011	$11.45416	$10.54377	12,218
01/01/2012 to 12/31/2012	$10.54377	$12.19664	18,498
01/01/2013 to 12/31/2013	$12.19664	$16.40654	23,966
01/01/2014 to 12/31/2014	$16.40654	$16.90814	21,016
01/01/2015 to 12/31/2015	$16.90814	$15.83959	19,310
01/01/2016 to 12/31/2016	$15.83959	$20.03660	27,068
01/01/2017 to 12/31/2017	$20.03660	$21.05817	19,238
01/01/2018 to 12/31/2018	$21.05817	$17.09362	16,966

A 52



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99195	$10.68099	707,216
01/01/2011 to 12/31/2011	$10.68099	$10.66444	1,337,590
01/01/2012 to 12/31/2012	$10.66444	$11.84920	2,328,321
01/01/2013 to 12/31/2013	$11.84920	$13.55300	2,287,341
01/01/2014 to 12/31/2014	$13.55300	$14.04852	2,188,310
01/01/2015 to 12/31/2015	$14.04852	$13.75930	2,879,384
01/01/2016 to 12/31/2016	$13.75930	$14.48726	2,699,414
01/01/2017 to 12/31/2017	$14.48726	$16.36920	2,522,136
01/01/2018 to 12/31/2018	$16.36920	$15.16999	2,184,634
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97083	$11.12457	55,153
01/01/2011 to 12/31/2011	$11.12457	$10.70663	65,814
01/01/2012 to 12/31/2012	$10.70663	$12.32438	225,910
01/01/2013 to 12/31/2013	$12.32438	$17.37774	249,250
01/01/2014 to 12/31/2014	$17.37774	$18.43263	200,200
01/01/2015 to 12/31/2015	$18.43263	$19.77495	160,060
01/01/2016 to 12/31/2016	$19.77495	$19.88294	105,973
01/01/2017 to 12/31/2017	$19.88294	$26.84167	114,874
01/01/2018 to 12/31/2018	$26.84167	$27.29090	101,839
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98586	$10.65635	7,248
01/01/2011 to 12/31/2011	$10.65635	$10.38154	30,066
01/01/2012 to 12/31/2012	$10.38154	$11.52522	47,433
01/01/2013 to 12/31/2013	$11.52522	$15.19051	51,332
01/01/2014 to 12/31/2014	$15.19051	$15.10316	52,642
01/01/2015 to 12/31/2015	$15.10316	$13.88932	36,430
01/01/2016 to 12/31/2016	$13.88932	$14.43178	28,716
01/01/2017 to 12/31/2017	$14.43178	$16.46836	27,899
01/01/2018 to 12/31/2018	$16.46836	$14.55517	24,899
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85951	$11.46379	53,809
01/01/2011 to 12/31/2011	$11.46379	$9.54897	87,132
01/01/2012 to 12/31/2012	$9.54897	$9.68622	145,906
01/01/2013 to 12/31/2013	$9.68622	$10.94133	122,996
01/01/2014 to 12/31/2014	$10.94133	$9.81585	142,333
01/01/2015 to 12/31/2015	$9.81585	$7.75949	102,995
01/01/2016 to 12/31/2016	$7.75949	$9.46706	87,308
01/01/2017 to 12/31/2017	$9.46706	$10.22409	90,344
01/01/2018 to 12/31/2018	$10.22409	$8.34146	62,922
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97994	$10.29998	29,703
01/01/2011 to 12/31/2011	$10.29998	$10.49994	64,033
01/01/2012 to 12/31/2012	$10.49994	$10.81629	82,860
01/01/2013 to 12/31/2013	$10.81629	$10.19168	85,023
01/01/2014 to 12/31/2014	$10.19168	$10.03320	77,196
01/01/2015 to 12/31/2015	$10.03320	$9.36886	52,958
01/01/2016 to 12/31/2016	$9.36886	$9.57221	44,342
01/01/2017 to 12/31/2017	$9.57221	$9.56300	48,390
01/01/2018 to 12/31/2018	$9.56300	$9.54828	37,804

A 53



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98852	$11.48881	21,125
01/01/2011 to 12/31/2011	$11.48881	$10.85968	16,563
01/01/2012 to 12/31/2012	$10.85968	$12.58860	32,066
01/01/2013 to 12/31/2013	$12.58860	$16.31935	33,498
01/01/2014 to 12/31/2014	$16.31935	$18.36824	31,639
01/01/2015 to 12/31/2015	$18.36824	$16.79407	26,990
01/01/2016 to 12/31/2016	$16.79407	$18.74335	29,368
01/01/2017 to 12/31/2017	$18.74335	$21.75133	28,444
01/01/2018 to 12/31/2018	$21.75133	$17.77316	22,191
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99826	$8.81016	83,306
01/01/2012 to 12/31/2012	$8.81016	$9.57427	212,135
01/01/2013 to 12/31/2013	$9.57427	$11.29515	518,800
01/01/2014 to 12/31/2014	$11.29515	$11.66673	468,480
01/01/2015 to 12/31/2015	$11.66673	$11.34940	413,270
01/01/2016 to 12/31/2016	$11.34940	$11.83661	373,206
01/01/2017 to 12/31/2017	$11.83661	$13.16397	299,318
01/01/2018 to 12/31/2018	$13.16397	$12.24203	255,044
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99826	$10.38898	105,724
01/01/2011 to 12/31/2011	$10.38898	$10.78389	181,083
01/01/2012 to 12/31/2012	$10.78389	$11.38606	240,075
01/01/2013 to 12/31/2013	$11.38606	$10.98046	270,639
01/01/2014 to 12/31/2014	$10.98046	$11.52347	360,966
01/01/2015 to 12/31/2015	$11.52347	$11.42096	282,686
01/01/2016 to 12/31/2016	$11.42096	$11.75748	294,367
01/01/2017 to 12/31/2017	$11.75748	$12.23735	313,505
01/01/2018 to 12/31/2018	$12.23735	$11.70770	385,602
*Denotes the start date of these sub-accounts

A 54



PREMIER RETIREMENT L SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HD GRO II OR GRO Plus II (2.30%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96738	$10.76360	119,777
01/01/2011 to 12/31/2011	$10.76360	$10.23677	63,270
01/01/2012 to 12/31/2012	$10.23677	$11.25791	55,665
01/01/2013 to 12/31/2013	$11.25791	$12.09609	51,239
01/01/2014 to 12/31/2014	$12.09609	$12.26912	48,272
01/01/2015 to 12/31/2015	$12.26912	$11.60105	23,189
01/01/2016 to 12/31/2016	$11.60105	$12.05305	16,955
01/01/2017 to 12/31/2017	$12.05305	$13.25866	26,254
01/01/2018 to 12/31/2018	$13.25866	$11.89825	8,561
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97807	$10.86903	135,746
01/01/2011 to 12/31/2011	$10.86903	$10.63140	97,104
01/01/2012 to 12/31/2012	$10.63140	$11.80420	86,608
01/01/2013 to 12/31/2013	$11.80420	$13.44221	53,339
01/01/2014 to 12/31/2014	$13.44221	$13.93521	61,095
01/01/2015 to 12/31/2015	$13.93521	$13.72405	39,168
01/01/2016 to 12/31/2016	$13.72405	$14.36201	30,438
01/01/2017 to 12/31/2017	$14.36201	$16.40782	29,846
01/01/2018 to 12/31/2018	$16.40782	$15.08486	11,969
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98834	$10.72203	264,599
01/01/2011 to 12/31/2011	$10.72203	$10.34844	228,689
01/01/2012 to 12/31/2012	$10.34844	$11.37141	207,751
01/01/2013 to 12/31/2013	$11.37141	$13.07048	142,794
01/01/2014 to 12/31/2014	$13.07048	$13.60269	163,330
01/01/2015 to 12/31/2015	$13.60269	$13.35307	85,736
01/01/2016 to 12/31/2016	$13.35307	$13.86830	61,334
01/01/2017 to 12/31/2017	$13.86830	$15.56997	71,543
01/01/2018 to 12/31/2018	$15.56997	$14.45940	36,197
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99809	$9.12620	0
01/01/2012 to 12/31/2012	$9.12620	$9.97667	0
01/01/2013 to 12/31/2013	$9.97667	$10.80518	1,041
01/01/2014 to 12/31/2014	$10.80518	$11.07340	0
01/01/2015 to 12/31/2015	$11.07340	$10.49404	0
01/01/2016 to 12/31/2016	$10.49404	$10.96688	0
01/01/2017 to 12/31/2017	$10.96688	$12.06665	0
01/01/2018 to 12/31/2018	$12.06665	$11.16542	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00751	$10.05274	998
01/01/2011 to 12/31/2011	$10.05274	$10.04285	1,989
01/01/2012 to 12/31/2012	$10.04285	$10.27228	569
01/01/2013 to 12/31/2013	$10.27228	$9.81790	20
01/01/2014 to 12/31/2014	$9.81790	$9.58291	143
01/01/2015 to 12/31/2015	$9.58291	$9.40784	123
01/01/2016 to 12/31/2016	$9.40784	$9.34229	76
01/01/2017 to 12/31/2017	$9.34229	$9.28330	83
01/01/2018 to 12/31/2018	$9.28330	$9.13630	0

A 55



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00643	$10.32475	156,041
01/01/2011 to 12/31/2011	$10.32475	$10.40836	103,225
01/01/2012 to 12/31/2012	$10.40836	$11.11653	98,464
01/01/2013 to 12/31/2013	$11.11653	$10.66129	62,675
01/01/2014 to 12/31/2014	$10.66129	$10.85686	52,098
01/01/2015 to 12/31/2015	$10.85686	$10.38362	44,109
01/01/2016 to 12/31/2016	$10.38362	$10.57422	36,562
01/01/2017 to 12/31/2017	$10.57422	$10.78227	39,246
01/01/2018 to 12/31/2018	$10.78227	$10.46331	32,662
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00679	$10.59877	0
01/01/2011 to 12/31/2011	$10.59877	$11.76169	615,430
01/01/2012 to 12/31/2012	$11.76169	$12.14766	703,996
01/01/2013 to 12/31/2013	$12.14766	$11.49527	736,638
01/01/2014 to 12/31/2014	$11.49527	$11.52978	666,603
01/01/2015 to 12/31/2015	$11.52978	$11.35600	431,274
01/01/2016 to 12/31/2016	$11.35600	$11.27384	357,047
01/01/2017 to 12/31/2017	$11.27384	$11.09363	487,473
01/01/2018 to 12/31/2018	$11.09363	$10.91927	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99809	$10.60163	0
01/01/2011 to 12/31/2011	$10.60163	$12.01278	0
01/01/2012 to 12/31/2012	$12.01278	$12.42372	53,846
01/01/2013 to 12/31/2013	$12.42372	$11.55152	32,333
01/01/2014 to 12/31/2014	$11.55152	$11.76707	14,700
01/01/2015 to 12/31/2015	$11.76707	$11.61949	16,974
01/01/2016 to 12/31/2016	$11.61949	$11.51704	17,620
01/01/2017 to 12/31/2017	$11.51704	$11.33848	17,475
01/01/2018 to 12/31/2018	$11.33848	$11.13899	376,830
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00891	$10.63229	0
01/01/2011 to 12/31/2011	$10.63229	$12.32822	201
01/01/2012 to 12/31/2012	$12.32822	$12.80538	0
01/01/2013 to 12/31/2013	$12.80538	$11.69563	158,506
01/01/2014 to 12/31/2014	$11.69563	$12.13039	99,469
01/01/2015 to 12/31/2015	$12.13039	$12.03229	135,334
01/01/2016 to 12/31/2016	$12.03229	$11.98615	127,469
01/01/2017 to 12/31/2017	$11.98615	$11.81485	32,526
01/01/2018 to 12/31/2018	$11.81485	$11.57527	37,215
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00784	$10.73369	0
01/01/2011 to 12/31/2011	$10.73369	$12.61630	453,232
01/01/2012 to 12/31/2012	$12.61630	$13.16317	428,448
01/01/2013 to 12/31/2013	$13.16317	$11.96003	204,525
01/01/2014 to 12/31/2014	$11.96003	$12.58253	323,814
01/01/2015 to 12/31/2015	$12.58253	$12.51228	324,881
01/01/2016 to 12/31/2016	$12.51228	$12.47376	298,187
01/01/2017 to 12/31/2017	$12.47376	$12.38018	251,416
01/01/2018 to 12/31/2018	$12.38018	$12.10205	150,318

A 56



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99809	$11.95962	94,051
01/01/2012 to 12/31/2012	$11.95962	$12.36732	176,446
01/01/2013 to 12/31/2013	$12.36732	$10.90536	130,875
01/01/2014 to 12/31/2014	$10.90536	$11.75937	72,368
01/01/2015 to 12/31/2015	$11.75937	$11.72977	132,585
01/01/2016 to 12/31/2016	$11.72977	$11.66990	99,527
01/01/2017 to 12/31/2017	$11.66990	$11.58096	82,894
01/01/2018 to 12/31/2018	$11.58096	$11.29641	60,696
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99746	$10.34590	30,847
01/01/2013 to 12/31/2013	$10.34590	$9.07699	519,876
01/01/2014 to 12/31/2014	$9.07699	$9.98740	189,047
01/01/2015 to 12/31/2015	$9.98740	$10.02192	2,675
01/01/2016 to 12/31/2016	$10.02192	$9.97904	28,792
01/01/2017 to 12/31/2017	$9.97904	$9.91543	0
01/01/2018 to 12/31/2018	$9.91543	$9.66060	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99873	$8.70488	98,535
01/01/2014 to 12/31/2014	$8.70488	$9.74562	106,037
01/01/2015 to 12/31/2015	$9.74562	$9.79194	0
01/01/2016 to 12/31/2016	$9.79194	$9.74958	0
01/01/2017 to 12/31/2017	$9.74958	$9.68628	104,031
01/01/2018 to 12/31/2018	$9.68628	$9.40135	169,790
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99873	$11.24540	23,476
01/01/2015 to 12/31/2015	$11.24540	$11.20625	394,975
01/01/2016 to 12/31/2016	$11.20625	$11.21982	9,081
01/01/2017 to 12/31/2017	$11.21982	$11.16296	3,613
01/01/2018 to 12/31/2018	$11.16296	$10.82474	61,225
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99873	$9.88722	5,413
01/01/2016 to 12/31/2016	$9.88722	$9.86091	288,362
01/01/2017 to 12/31/2017	$9.86091	$9.86801	214,421
01/01/2018 to 12/31/2018	$9.86801	$9.53963	242,452
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99746	$9.82927	201,380
01/01/2017 to 12/31/2017	$9.82927	$9.86166	143,649
01/01/2018 to 12/31/2018	$9.86166	$9.51243	170,225
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99745	$9.98561	0
01/01/2018 to 12/31/2018	$9.98561	$9.55422	9,112
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99745	$9.61243	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97725	$10.80239	305,283
01/01/2011 to 12/31/2011	$10.80239	$10.29819	176,110
01/01/2012 to 12/31/2012	$10.29819	$11.44169	156,027
01/01/2013 to 12/31/2013	$11.44169	$13.71394	114,823
01/01/2014 to 12/31/2014	$13.71394	$14.33579	103,446
01/01/2015 to 12/31/2015	$14.33579	$14.08079	44,830
01/01/2016 to 12/31/2016	$14.08079	$14.69822	50,965
01/01/2017 to 12/31/2017	$14.69822	$16.93035	58,493
01/01/2018 to 12/31/2018	$16.93035	$15.51040	25,288

A 57



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99809	$11.59720	0
01/01/2014 to 12/31/2014	$11.59720	$12.87257	1,247
01/01/2015 to 12/31/2015	$12.87257	$12.12727	787
01/01/2016 to 12/31/2016	$12.12727	$13.61387	829
01/01/2017 to 12/31/2017	$13.61387	$15.74958	1,093
01/01/2018 to 12/31/2018	$15.74958	$14.65209	1,222
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95948	$11.75243	3,756
01/01/2011 to 12/31/2011	$11.75243	$12.23924	3,216
01/01/2012 to 12/31/2012	$12.23924	$13.79249	3,016
01/01/2013 to 12/31/2013	$13.79249	$13.89752	2,176
01/01/2014 to 12/31/2014	$13.89752	$17.77560	2,671
01/01/2015 to 12/31/2015	$17.77560	$18.20804	1,776
01/01/2016 to 12/31/2016	$18.20804	$18.64698	1,535
01/01/2017 to 12/31/2017	$18.64698	$19.35710	704
01/01/2018 to 12/31/2018	$19.35710	$18.01025	408
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97557	$10.98381	112,953
01/01/2011 to 12/31/2011	$10.98381	$10.57010	94,586
01/01/2012 to 12/31/2012	$10.57010	$11.42496	80,938
01/01/2013 to 12/31/2013	$11.42496	$12.80989	51,012
01/01/2014 to 12/31/2014	$12.80989	$12.90966	55,467
01/01/2015 to 12/31/2015	$12.90966	$12.73776	43,842
01/01/2016 to 12/31/2016	$12.73776	$12.97467	37,638
01/01/2017 to 12/31/2017	$12.97467	$14.76525	39,492
01/01/2018 to 12/31/2018	$14.76525	$13.30663	29,253
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96976	$11.51275	2,506
01/01/2011 to 12/31/2011	$11.51275	$10.68145	1,555
01/01/2012 to 12/31/2012	$10.68145	$13.23265	1,841
01/01/2013 to 12/31/2013	$13.23265	$13.49041	1,334
01/01/2014 to 12/31/2014	$13.49041	$15.01538	714
01/01/2015 to 12/31/2015	$15.01538	$14.65689	512
01/01/2016 to 12/31/2016	$14.65689	$14.44880	412
01/01/2017 to 12/31/2017	$14.44880	$15.65417	511
01/01/2018 to 12/31/2018	$15.65417	$14.57188	253
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99134	$10.73491	19,275
01/01/2011 to 12/31/2011	$10.73491	$9.90949	7,044
01/01/2012 to 12/31/2012	$9.90949	$11.58529	6,111
01/01/2013 to 12/31/2013	$11.58529	$15.11560	4,472
01/01/2014 to 12/31/2014	$15.11560	$16.70734	6,548
01/01/2015 to 12/31/2015	$16.70734	$15.56866	5,892
01/01/2016 to 12/31/2016	$15.56866	$16.96697	5,066
01/01/2017 to 12/31/2017	$16.96697	$18.19362	3,756
01/01/2018 to 12/31/2018	$18.19362	$16.25729	2,049

A 58



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01941	$11.38383	9,315
01/01/2011 to 12/31/2011	$11.38383	$10.79120	4,713
01/01/2012 to 12/31/2012	$10.79120	$12.61054	3,989
01/01/2013 to 12/31/2013	$12.61054	$16.28679	3,482
01/01/2014 to 12/31/2014	$16.28679	$17.74638	3,516
01/01/2015 to 12/31/2015	$17.74638	$16.35246	3,313
01/01/2016 to 12/31/2016	$16.35246	$16.23998	2,034
01/01/2017 to 12/31/2017	$16.23998	$20.16622	1,242
01/01/2018 to 12/31/2018	$20.16622	$18.84305	848
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98783	$10.67177	54,102
01/01/2011 to 12/31/2011	$10.67177	$10.37382	28,997
01/01/2012 to 12/31/2012	$10.37382	$11.16148	27,954
01/01/2013 to 12/31/2013	$11.16148	$11.97581	28,338
01/01/2014 to 12/31/2014	$11.97581	$12.17331	29,066
01/01/2015 to 12/31/2015	$12.17331	$11.78513	20,471
01/01/2016 to 12/31/2016	$11.78513	$12.11993	17,895
01/01/2017 to 12/31/2017	$12.11993	$13.29642	19,411
01/01/2018 to 12/31/2018	$13.29642	$12.07223	11,763
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96472	$11.45866	7,737
01/01/2011 to 12/31/2011	$11.45866	$11.34127	3,541
01/01/2012 to 12/31/2012	$11.34127	$12.81851	3,365
01/01/2013 to 12/31/2013	$12.81851	$17.38469	3,166
01/01/2014 to 12/31/2014	$17.38469	$18.20742	3,565
01/01/2015 to 12/31/2015	$18.20742	$16.81121	1,651
01/01/2016 to 12/31/2016	$16.81121	$20.41897	636
01/01/2017 to 12/31/2017	$20.41897	$22.38219	831
01/01/2018 to 12/31/2018	$22.38219	$18.78927	632
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99809	$9.81590	0
01/01/2011 to 12/31/2011	$9.81590	$9.59256	2,518
01/01/2012 to 12/31/2012	$9.59256	$9.37229	144
01/01/2013 to 12/31/2013	$9.37229	$9.15665	12
01/01/2014 to 12/31/2014	$9.15665	$8.94614	12
01/01/2015 to 12/31/2015	$8.94614	$8.74032	9,140
01/01/2016 to 12/31/2016	$8.74032	$8.53994	12
01/01/2017 to 12/31/2017	$8.53994	$8.37260	13
01/01/2018 to 12/31/2018	$8.37260	$8.28535	364
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98406	$10.73309	6,489
01/01/2011 to 12/31/2011	$10.73309	$10.81948	5,584
01/01/2012 to 12/31/2012	$10.81948	$12.03683	5,190
01/01/2013 to 12/31/2013	$12.03683	$12.60442	3,175
01/01/2014 to 12/31/2014	$12.60442	$12.62960	4,130
01/01/2015 to 12/31/2015	$12.62960	$11.89940	3,434
01/01/2016 to 12/31/2016	$11.89940	$13.41635	2,193
01/01/2017 to 12/31/2017	$13.41635	$14.08796	1,496
01/01/2018 to 12/31/2018	$14.08796	$13.48870	268

A 59



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99007	$10.58960	213
01/01/2011 to 12/31/2011	$10.58960	$9.91346	98
01/01/2012 to 12/31/2012	$9.91346	$11.32062	123
01/01/2013 to 12/31/2013	$11.32062	$15.46916	1,828
01/01/2014 to 12/31/2014	$15.46916	$17.19095	768
01/01/2015 to 12/31/2015	$17.19095	$15.47940	334
01/01/2016 to 12/31/2016	$15.47940	$18.13181	359
01/01/2017 to 12/31/2017	$18.13181	$21.11617	458
01/01/2018 to 12/31/2018	$21.11617	$17.70842	173
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92892	$11.22607	7,047
01/01/2011 to 12/31/2011	$11.22607	$9.55062	3,231
01/01/2012 to 12/31/2012	$9.55062	$11.23108	2,698
01/01/2013 to 12/31/2013	$11.23108	$13.06392	4,061
01/01/2014 to 12/31/2014	$13.06392	$12.05820	3,525
01/01/2015 to 12/31/2015	$12.05820	$12.15171	2,721
01/01/2016 to 12/31/2016	$12.15171	$11.42423	2,689
01/01/2017 to 12/31/2017	$11.42423	$15.11667	978
01/01/2018 to 12/31/2018	$15.11667	$12.79841	1,124
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92879	$10.76596	1,863
01/01/2011 to 12/31/2011	$10.76596	$9.19856	5,339
01/01/2012 to 12/31/2012	$9.19856	$10.48534	3,699
01/01/2013 to 12/31/2013	$10.48534	$12.23853	2,133
01/01/2014 to 12/31/2014	$12.23853	$11.15543	1,329
01/01/2015 to 12/31/2015	$11.15543	$10.98783	975
01/01/2016 to 12/31/2016	$10.98783	$10.79796	608
01/01/2017 to 12/31/2017	$10.79796	$12.95711	565
01/01/2018 to 12/31/2018	$12.95711	$10.61485	713
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97632	$10.84209	16,667
01/01/2011 to 12/31/2011	$10.84209	$10.53278	11,827
01/01/2012 to 12/31/2012	$10.53278	$11.68784	11,711
01/01/2013 to 12/31/2013	$11.68784	$13.27832	9,914
01/01/2014 to 12/31/2014	$13.27832	$13.79866	8,888
01/01/2015 to 12/31/2015	$13.79866	$13.33999	5,302
01/01/2016 to 12/31/2016	$13.33999	$13.71391	3,581
01/01/2017 to 12/31/2017	$13.71391	$15.67133	4,117
01/01/2018 to 12/31/2018	$15.67133	$14.18034	2,981
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92144	$10.52888	1,727
01/01/2011 to 12/31/2011	$10.52888	$9.34567	795
01/01/2012 to 12/31/2012	$9.34567	$11.13086	623
01/01/2013 to 12/31/2013	$11.13086	$12.54532	2,181
01/01/2014 to 12/31/2014	$12.54532	$11.47656	3,018
01/01/2015 to 12/31/2015	$11.47656	$10.89916	1,738
01/01/2016 to 12/31/2016	$10.89916	$10.85482	615
01/01/2017 to 12/31/2017	$10.85482	$13.74874	673
01/01/2018 to 12/31/2018	$13.74874	$11.08436	347

A 60



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.55869	81,043
01/01/2011 to 12/31/2011	$10.55869	$10.34036	58,277
01/01/2012 to 12/31/2012	$10.34036	$11.18508	55,380
01/01/2013 to 12/31/2013	$11.18508	$12.13349	26,826
01/01/2014 to 12/31/2014	$12.13349	$12.50029	33,624
01/01/2015 to 12/31/2015	$12.50029	$12.19051	29,312
01/01/2016 to 12/31/2016	$12.19051	$12.36794	24,442
01/01/2017 to 12/31/2017	$12.36794	$13.55149	26,210
01/01/2018 to 12/31/2018	$13.55149	$12.55951	22,293
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97094	$10.74695	200
01/01/2011 to 12/31/2011	$10.74695	$10.56966	2,545
01/01/2012 to 12/31/2012	$10.56966	$11.89459	2,286
01/01/2013 to 12/31/2013	$11.89459	$15.86218	877
01/01/2014 to 12/31/2014	$15.86218	$16.97024	1,375
01/01/2015 to 12/31/2015	$16.97024	$18.34311	792
01/01/2016 to 12/31/2016	$18.34311	$17.65976	345
01/01/2017 to 12/31/2017	$17.65976	$23.43708	764
01/01/2018 to 12/31/2018	$23.43708	$22.52610	208
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99219	$11.27468	16,118
01/01/2011 to 12/31/2011	$11.27468	$10.91510	5,251
01/01/2012 to 12/31/2012	$10.91510	$11.97169	4,493
01/01/2013 to 12/31/2013	$11.97169	$15.97874	2,669
01/01/2014 to 12/31/2014	$15.97874	$17.26455	5,812
01/01/2015 to 12/31/2015	$17.26455	$18.56636	3,568
01/01/2016 to 12/31/2016	$18.56636	$19.15200	2,490
01/01/2017 to 12/31/2017	$19.15200	$24.88609	2,093
01/01/2018 to 12/31/2018	$24.88609	$23.65703	774
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98722	$10.86514	5,725
01/01/2011 to 12/31/2011	$10.86514	$10.28312	2,065
01/01/2012 to 12/31/2012	$10.28312	$12.36479	1,446
01/01/2013 to 12/31/2013	$12.36479	$15.41885	6,180
01/01/2014 to 12/31/2014	$15.41885	$15.61113	7,705
01/01/2015 to 12/31/2015	$15.61113	$15.02861	2,616
01/01/2016 to 12/31/2016	$15.02861	$15.72804	1,623
01/01/2017 to 12/31/2017	$15.72804	$19.03087	562
01/01/2018 to 12/31/2018	$19.03087	$16.81466	464
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.84075	1,029
01/01/2011 to 12/31/2011	$10.84075	$10.52884	406
01/01/2012 to 12/31/2012	$10.52884	$12.04371	872
01/01/2013 to 12/31/2013	$12.04371	$16.08596	1,935
01/01/2014 to 12/31/2014	$16.08596	$17.08490	951
01/01/2015 to 12/31/2015	$17.08490	$17.89862	569
01/01/2016 to 12/31/2016	$17.89862	$17.82217	483
01/01/2017 to 12/31/2017	$17.82217	$22.76078	488
01/01/2018 to 12/31/2018	$22.76078	$22.71240	388

A 61



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99809	$10.17167	0
01/01/2013 to 12/31/2013	$10.17167	$13.36678	4,054
01/01/2014 to 12/31/2014	$13.36678	$14.39378	4,257
01/01/2015 to 12/31/2015	$14.39378	$13.96103	2,676
01/01/2016 to 12/31/2016	$13.96103	$15.47471	445
01/01/2017 to 12/31/2017	$15.47471	$17.74152	792
01/01/2018 to 12/31/2018	$17.74152	$15.57193	356
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99064	$11.20328	6,181
01/01/2011 to 12/31/2011	$11.20328	$10.67411	2,275
01/01/2012 to 12/31/2012	$10.67411	$12.21442	1,637
01/01/2013 to 12/31/2013	$12.21442	$16.94666	3,127
01/01/2014 to 12/31/2014	$16.94666	$18.91641	3,419
01/01/2015 to 12/31/2015	$18.91641	$17.43947	1,345
01/01/2016 to 12/31/2016	$17.43947	$20.14556	510
01/01/2017 to 12/31/2017	$20.14556	$22.39770	298
01/01/2018 to 12/31/2018	$22.39770	$18.28181	135
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99809	$10.27736	1,469
01/01/2013 to 12/31/2013	$10.27736	$11.94018	519
01/01/2014 to 12/31/2014	$11.94018	$12.26499	674
01/01/2015 to 12/31/2015	$12.26499	$11.83407	527
01/01/2016 to 12/31/2016	$11.83407	$12.06220	322
01/01/2017 to 12/31/2017	$12.06220	$13.72931	177
01/01/2018 to 12/31/2018	$13.72931	$12.30195	131
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93856	$11.64283	16,639
01/01/2011 to 12/31/2011	$11.64283	$9.06934	8,350
01/01/2012 to 12/31/2012	$9.06934	$10.44909	5,713
01/01/2013 to 12/31/2013	$10.44909	$10.23152	4,948
01/01/2014 to 12/31/2014	$10.23152	$9.52798	6,624
01/01/2015 to 12/31/2015	$9.52798	$7.75161	4,987
01/01/2016 to 12/31/2016	$7.75161	$8.51008	2,200
01/01/2017 to 12/31/2017	$8.51008	$10.50821	2,306
01/01/2018 to 12/31/2018	$10.50821	$8.82316	1,236
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98905	$10.56757	139,048
01/01/2011 to 12/31/2011	$10.56757	$10.42777	129,216
01/01/2012 to 12/31/2012	$10.42777	$11.24445	115,507
01/01/2013 to 12/31/2013	$11.24445	$11.99793	76,347
01/01/2014 to 12/31/2014	$11.99793	$12.39894	73,702
01/01/2015 to 12/31/2015	$12.39894	$12.13111	33,935
01/01/2016 to 12/31/2016	$12.13111	$12.50763	22,578
01/01/2017 to 12/31/2017	$12.50763	$13.45876	15,988
01/01/2018 to 12/31/2018	$13.45876	$12.77407	3,823
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01801	$10.05915	0
01/01/2012 to 12/31/2012	$10.05915	$10.52610	274
01/01/2013 to 12/31/2013	$10.52610	$10.04606	226
01/01/2014 to 12/31/2014	$10.04606	$10.40988	375
01/01/2015 to 12/31/2015	$10.40988	$10.14319	1,528
01/01/2016 to 12/31/2016	$10.14319	$10.32759	74
01/01/2017 to 12/31/2017	$10.32759	$10.66282	50
01/01/2018 to 12/31/2018	$10.66282	$10.33170	2,002

A 62



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96308	$11.47648	70,900
01/01/2011 to 12/31/2011	$11.47648	$10.51610	58,001
01/01/2012 to 12/31/2012	$10.51610	$11.60136	48,000
01/01/2013 to 12/31/2013	$11.60136	$13.26440	31,773
01/01/2014 to 12/31/2014	$13.26440	$14.15124	29,572
01/01/2015 to 12/31/2015	$14.15124	$13.74109	82,803
01/01/2016 to 12/31/2016	$13.74109	$14.78113	84,733
01/01/2017 to 12/31/2017	$14.78113	$16.76680	115,758
01/01/2018 to 12/31/2018	$16.76680	$15.13489	55,719
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.86080	1,459
01/01/2011 to 12/31/2011	$10.86080	$10.97830	513
01/01/2012 to 12/31/2012	$10.97830	$12.74231	617
01/01/2013 to 12/31/2013	$12.74231	$16.48642	484
01/01/2014 to 12/31/2014	$16.48642	$18.87993	889
01/01/2015 to 12/31/2015	$18.87993	$19.01370	556
01/01/2016 to 12/31/2016	$19.01370	$21.33549	502
01/01/2017 to 12/31/2017	$21.33549	$25.48471	741
01/01/2018 to 12/31/2018	$25.48471	$22.84964	385
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99809	$8.86034	0
01/01/2012 to 12/31/2012	$8.86034	$9.79521	0
01/01/2013 to 12/31/2013	$9.79521	$11.71340	0
01/01/2014 to 12/31/2014	$11.71340	$12.18789	0
01/01/2015 to 12/31/2015	$12.18789	$11.92555	0
01/01/2016 to 12/31/2016	$11.92555	$12.38861	0
01/01/2017 to 12/31/2017	$12.38861	$14.30628	0
01/01/2018 to 12/31/2018	$14.30628	$13.06308	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98715	$10.75566	87,015
01/01/2011 to 12/31/2011	$10.75566	$10.31779	60,253
01/01/2012 to 12/31/2012	$10.31779	$11.11657	51,711
01/01/2013 to 12/31/2013	$11.11657	$12.21187	25,527
01/01/2014 to 12/31/2014	$12.21187	$12.54429	25,272
01/01/2015 to 12/31/2015	$12.54429	$12.23535	22,395
01/01/2016 to 12/31/2016	$12.23535	$12.53023	14,179
01/01/2017 to 12/31/2017	$12.53023	$14.23020	14,315
01/01/2018 to 12/31/2018	$14.23020	$12.80249	7,738
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97142	$12.12383	10,502
01/01/2011 to 12/31/2011	$12.12383	$10.29217	4,152
01/01/2012 to 12/31/2012	$10.29217	$12.07351	2,799
01/01/2013 to 12/31/2013	$12.07351	$16.61005	4,124
01/01/2014 to 12/31/2014	$16.61005	$17.02978	4,056
01/01/2015 to 12/31/2015	$17.02978	$16.86020	1,813
01/01/2016 to 12/31/2016	$16.86020	$17.74165	1,042
01/01/2017 to 12/31/2017	$17.74165	$22.13488	967
01/01/2018 to 12/31/2018	$22.13488	$19.27810	708

A 63



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96047	$12.58259	2,465
01/01/2011 to 12/31/2011	$12.58259	$12.17325	1,253
01/01/2012 to 12/31/2012	$12.17325	$13.34082	1,199
01/01/2013 to 12/31/2013	$13.34082	$17.61871	1,062
01/01/2014 to 12/31/2014	$17.61871	$17.87086	740
01/01/2015 to 12/31/2015	$17.87086	$17.59705	512
01/01/2016 to 12/31/2016	$17.59705	$19.26963	224
01/01/2017 to 12/31/2017	$19.26963	$23.33046	175
01/01/2018 to 12/31/2018	$23.33046	$20.87538	135
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96390	$11.43543	8,353
01/01/2011 to 12/31/2011	$11.43543	$10.50502	3,409
01/01/2012 to 12/31/2012	$10.50502	$12.12694	1,679
01/01/2013 to 12/31/2013	$12.12694	$16.27955	2,040
01/01/2014 to 12/31/2014	$16.27955	$16.74311	791
01/01/2015 to 12/31/2015	$16.74311	$15.65300	494
01/01/2016 to 12/31/2016	$15.65300	$19.76030	242
01/01/2017 to 12/31/2017	$19.76030	$20.72553	166
01/01/2018 to 12/31/2018	$20.72553	$16.78902	103
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99178	$10.66346	208,319
01/01/2011 to 12/31/2011	$10.66346	$10.62519	165,177
01/01/2012 to 12/31/2012	$10.62519	$11.78150	144,219
01/01/2013 to 12/31/2013	$11.78150	$13.44819	97,500
01/01/2014 to 12/31/2014	$13.44819	$13.91148	161,911
01/01/2015 to 12/31/2015	$13.91148	$13.59728	124,699
01/01/2016 to 12/31/2016	$13.59728	$14.28752	91,393
01/01/2017 to 12/31/2017	$14.28752	$16.11061	99,271
01/01/2018 to 12/31/2018	$16.11061	$14.89963	41,643
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97067	$11.10634	5,389
01/01/2011 to 12/31/2011	$11.10634	$10.66740	4,065
01/01/2012 to 12/31/2012	$10.66740	$12.25406	4,144
01/01/2013 to 12/31/2013	$12.25406	$17.24330	10,934
01/01/2014 to 12/31/2014	$17.24330	$18.25254	10,955
01/01/2015 to 12/31/2015	$18.25254	$19.54171	4,683
01/01/2016 to 12/31/2016	$19.54171	$19.60859	2,418
01/01/2017 to 12/31/2017	$19.60859	$26.41743	903
01/01/2018 to 12/31/2018	$26.41743	$26.80443	30
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98570	$10.63879	6,319
01/01/2011 to 12/31/2011	$10.63879	$10.34328	2,009
01/01/2012 to 12/31/2012	$10.34328	$11.45924	2,026
01/01/2013 to 12/31/2013	$11.45924	$15.07276	3,976
01/01/2014 to 12/31/2014	$15.07276	$14.95546	4,526
01/01/2015 to 12/31/2015	$14.95546	$13.72536	941
01/01/2016 to 12/31/2016	$13.72536	$14.23228	805
01/01/2017 to 12/31/2017	$14.23228	$16.20773	55
01/01/2018 to 12/31/2018	$16.20773	$14.29536	57

A 64



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85934	$11.44494	14,797
01/01/2011 to 12/31/2011	$11.44494	$9.51383	5,957
01/01/2012 to 12/31/2012	$9.51383	$9.63079	7,755
01/01/2013 to 12/31/2013	$9.63079	$10.85645	2,786
01/01/2014 to 12/31/2014	$10.85645	$9.71986	2,894
01/01/2015 to 12/31/2015	$9.71986	$7.66789	2,147
01/01/2016 to 12/31/2016	$7.66789	$9.33614	1,274
01/01/2017 to 12/31/2017	$9.33614	$10.06213	964
01/01/2018 to 12/31/2018	$10.06213	$8.19247	524
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97977	$10.28297	9,851
01/01/2011 to 12/31/2011	$10.28297	$10.46127	3,825
01/01/2012 to 12/31/2012	$10.46127	$10.75435	3,526
01/01/2013 to 12/31/2013	$10.75435	$10.11257	1,285
01/01/2014 to 12/31/2014	$10.11257	$9.93498	1,058
01/01/2015 to 12/31/2015	$9.93498	$9.25820	578
01/01/2016 to 12/31/2016	$9.25820	$9.43992	380
01/01/2017 to 12/31/2017	$9.43992	$9.41162	413
01/01/2018 to 12/31/2018	$9.41162	$9.37778	183
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98835	$11.46980	4,759
01/01/2011 to 12/31/2011	$11.46980	$10.81966	3,066
01/01/2012 to 12/31/2012	$10.81966	$12.51658	2,660
01/01/2013 to 12/31/2013	$12.51658	$16.19288	2,359
01/01/2014 to 12/31/2014	$16.19288	$18.18867	1,095
01/01/2015 to 12/31/2015	$18.18867	$16.59591	691
01/01/2016 to 12/31/2016	$16.59591	$18.48453	694
01/01/2017 to 12/31/2017	$18.48453	$21.40726	253
01/01/2018 to 12/31/2018	$21.40726	$17.45614	153
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99809	$8.79804	0
01/01/2012 to 12/31/2012	$8.79804	$9.54156	0
01/01/2013 to 12/31/2013	$9.54156	$11.23346	12,837
01/01/2014 to 12/31/2014	$11.23346	$11.57925	29,414
01/01/2015 to 12/31/2015	$11.57925	$11.24128	13,945
01/01/2016 to 12/31/2016	$11.24128	$11.69988	10,394
01/01/2017 to 12/31/2017	$11.69988	$12.98546	26,433
01/01/2018 to 12/31/2018	$12.98546	$12.05124	12,664
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99809	$10.37188	42,644
01/01/2011 to 12/31/2011	$10.37188	$10.74432	31,852
01/01/2012 to 12/31/2012	$10.74432	$11.32108	32,220
01/01/2013 to 12/31/2013	$11.32108	$10.89550	35,623
01/01/2014 to 12/31/2014	$10.89550	$11.41109	38,785
01/01/2015 to 12/31/2015	$11.41109	$11.28653	30,827
01/01/2016 to 12/31/2016	$11.28653	$11.59551	25,482
01/01/2017 to 12/31/2017	$11.59551	$12.04419	26,832
01/01/2018 to 12/31/2018	$12.04419	$11.49930	24,376
*Denotes the start date of these sub-accounts

A 65



PREMIER RETIREMENT C SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HAV (2.15%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96751	$10.77691	12,165
01/01/2011 to 12/31/2011	$10.77691	$10.26518	33,960
01/01/2012 to 12/31/2012	$10.26518	$11.30635	41,027
01/01/2013 to 12/31/2013	$11.30635	$12.16672	42,309
01/01/2014 to 12/31/2014	$12.16672	$12.35971	40,207
01/01/2015 to 12/31/2015	$12.35971	$11.70468	32,704
01/01/2016 to 12/31/2016	$11.70468	$12.17929	14,103
01/01/2017 to 12/31/2017	$12.17929	$13.41803	13,575
01/01/2018 to 12/31/2018	$13.41803	$12.05997	11,319
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97819	$10.88255	15,615
01/01/2011 to 12/31/2011	$10.88255	$10.66087	23,701
01/01/2012 to 12/31/2012	$10.66087	$11.85511	44,620
01/01/2013 to 12/31/2013	$11.85511	$13.52094	47,975
01/01/2014 to 12/31/2014	$13.52094	$14.03839	42,765
01/01/2015 to 12/31/2015	$14.03839	$13.84685	36,710
01/01/2016 to 12/31/2016	$13.84685	$14.51275	31,122
01/01/2017 to 12/31/2017	$14.51275	$16.60538	29,821
01/01/2018 to 12/31/2018	$16.60538	$15.29005	24,866
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98847	$10.73529	22,804
01/01/2011 to 12/31/2011	$10.73529	$10.37714	65,338
01/01/2012 to 12/31/2012	$10.37714	$11.42035	101,566
01/01/2013 to 12/31/2013	$11.42035	$13.14696	103,050
01/01/2014 to 12/31/2014	$13.14696	$13.70336	93,217
01/01/2015 to 12/31/2015	$13.70336	$13.47257	87,590
01/01/2016 to 12/31/2016	$13.47257	$14.01393	81,843
01/01/2017 to 12/31/2017	$14.01393	$15.75760	77,345
01/01/2018 to 12/31/2018	$15.75760	$14.65624	62,228
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99821	$9.13559	8,230
01/01/2012 to 12/31/2012	$9.13559	$10.00229	30,700
01/01/2013 to 12/31/2013	$10.00229	$10.84949	34,301
01/01/2014 to 12/31/2014	$10.84949	$11.13593	34,529
01/01/2015 to 12/31/2015	$11.13593	$10.56951	33,914
01/01/2016 to 12/31/2016	$10.56951	$11.06264	10,803
01/01/2017 to 12/31/2017	$11.06264	$12.19072	12,443
01/01/2018 to 12/31/2018	$12.19072	$11.29756	12,236
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00764	$10.06524	17,406
01/01/2011 to 12/31/2011	$10.06524	$10.07064	18,241
01/01/2012 to 12/31/2012	$10.07064	$10.31656	18,703
01/01/2013 to 12/31/2013	$10.31656	$9.87539	16,372
01/01/2014 to 12/31/2014	$9.87539	$9.65361	15,145
01/01/2015 to 12/31/2015	$9.65361	$9.49166	12,350
01/01/2016 to 12/31/2016	$9.49166	$9.44051	9,925
01/01/2017 to 12/31/2017	$9.44051	$9.39580	13,233
01/01/2018 to 12/31/2018	$9.39580	$9.26127	6,198

A 66



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00656	$10.33749	21,106
01/01/2011 to 12/31/2011	$10.33749	$10.43711	32,939
01/01/2012 to 12/31/2012	$10.43711	$11.16439	61,822
01/01/2013 to 12/31/2013	$11.16439	$10.72367	79,727
01/01/2014 to 12/31/2014	$10.72367	$10.93718	67,138
01/01/2015 to 12/31/2015	$10.93718	$10.47646	60,006
01/01/2016 to 12/31/2016	$10.47646	$10.68518	65,990
01/01/2017 to 12/31/2017	$10.68518	$10.91214	65,012
01/01/2018 to 12/31/2018	$10.91214	$10.60572	60,743
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97738	$10.81582	2,858
01/01/2011 to 12/31/2011	$10.81582	$10.32683	9,464
01/01/2012 to 12/31/2012	$10.32683	$11.49108	67,619
01/01/2013 to 12/31/2013	$11.49108	$13.79435	61,281
01/01/2014 to 12/31/2014	$13.79435	$14.44190	58,348
01/01/2015 to 12/31/2015	$14.44190	$14.20676	58,062
01/01/2016 to 12/31/2016	$14.20676	$14.85242	55,292
01/01/2017 to 12/31/2017	$14.85242	$17.13419	54,774
01/01/2018 to 12/31/2018	$17.13419	$15.72146	20,705
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99821	$11.61237	0
01/01/2014 to 12/31/2014	$11.61237	$12.90918	4,004
01/01/2015 to 12/31/2015	$12.90918	$12.18049	3,302
01/01/2016 to 12/31/2016	$12.18049	$13.69453	3,368
01/01/2017 to 12/31/2017	$13.69453	$15.86715	2,637
01/01/2018 to 12/31/2018	$15.86715	$14.78437	2,513
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95960	$11.76700	0
01/01/2011 to 12/31/2011	$11.76700	$12.27331	1,698
01/01/2012 to 12/31/2012	$12.27331	$13.85220	3,794
01/01/2013 to 12/31/2013	$13.85220	$13.97911	5,032
01/01/2014 to 12/31/2014	$13.97911	$17.90735	4,163
01/01/2015 to 12/31/2015	$17.90735	$18.37116	6,231
01/01/2016 to 12/31/2016	$18.37116	$18.84280	6,734
01/01/2017 to 12/31/2017	$18.84280	$19.59045	4,108
01/01/2018 to 12/31/2018	$19.59045	$18.25558	3,960
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97569	$10.99750	22,623
01/01/2011 to 12/31/2011	$10.99750	$10.59953	71,546
01/01/2012 to 12/31/2012	$10.59953	$11.47432	112,590
01/01/2013 to 12/31/2013	$11.47432	$12.88499	107,853
01/01/2014 to 12/31/2014	$12.88499	$13.00531	95,314
01/01/2015 to 12/31/2015	$13.00531	$12.85179	106,801
01/01/2016 to 12/31/2016	$12.85179	$13.11093	86,969
01/01/2017 to 12/31/2017	$13.11093	$14.94320	76,801
01/01/2018 to 12/31/2018	$14.94320	$13.48781	64,073

A 67



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96989	$11.52688	0
01/01/2011 to 12/31/2011	$11.52688	$10.71105	24
01/01/2012 to 12/31/2012	$10.71105	$13.28970	3,622
01/01/2013 to 12/31/2013	$13.28970	$13.56937	4,906
01/01/2014 to 12/31/2014	$13.56937	$15.12643	180
01/01/2015 to 12/31/2015	$15.12643	$14.78798	179
01/01/2016 to 12/31/2016	$14.78798	$14.60045	180
01/01/2017 to 12/31/2017	$14.60045	$15.84272	181
01/01/2018 to 12/31/2018	$15.84272	$14.77024	173
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99146	$10.74807	0
01/01/2011 to 12/31/2011	$10.74807	$9.93692	490
01/01/2012 to 12/31/2012	$9.93692	$11.63517	3,443
01/01/2013 to 12/31/2013	$11.63517	$15.20399	3,858
01/01/2014 to 12/31/2014	$15.20399	$16.83091	3,098
01/01/2015 to 12/31/2015	$16.83091	$15.70797	5,573
01/01/2016 to 12/31/2016	$15.70797	$17.14509	5,277
01/01/2017 to 12/31/2017	$17.14509	$18.41282	6,774
01/01/2018 to 12/31/2018	$18.41282	$16.47856	6,280
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01954	$11.39805	1,286
01/01/2011 to 12/31/2011	$11.39805	$10.82130	1,298
01/01/2012 to 12/31/2012	$10.82130	$12.66509	4,379
01/01/2013 to 12/31/2013	$12.66509	$16.38245	3,802
01/01/2014 to 12/31/2014	$16.38245	$17.87799	2,189
01/01/2015 to 12/31/2015	$17.87799	$16.49901	3,475
01/01/2016 to 12/31/2016	$16.49901	$16.41064	4,406
01/01/2017 to 12/31/2017	$16.41064	$20.40932	3,230
01/01/2018 to 12/31/2018	$20.40932	$19.09976	2,915
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98796	$10.68489	307
01/01/2011 to 12/31/2011	$10.68489	$10.40258	3,361
01/01/2012 to 12/31/2012	$10.40258	$11.20961	3,391
01/01/2013 to 12/31/2013	$11.20961	$12.04591	3,339
01/01/2014 to 12/31/2014	$12.04591	$12.26323	3,274
01/01/2015 to 12/31/2015	$12.26323	$11.89052	3,111
01/01/2016 to 12/31/2016	$11.89052	$12.24703	2,970
01/01/2017 to 12/31/2017	$12.24703	$13.45657	2,611
01/01/2018 to 12/31/2018	$13.45657	$12.23654	2,353
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96484	$11.47291	1,096
01/01/2011 to 12/31/2011	$11.47291	$11.37278	1,639
01/01/2012 to 12/31/2012	$11.37278	$12.87387	3,041
01/01/2013 to 12/31/2013	$12.87387	$17.48643	2,655
01/01/2014 to 12/31/2014	$17.48643	$18.34207	930
01/01/2015 to 12/31/2015	$18.34207	$16.96158	1,120
01/01/2016 to 12/31/2016	$16.96158	$20.63316	1,006
01/01/2017 to 12/31/2017	$20.63316	$22.65158	1,014
01/01/2018 to 12/31/2018	$22.65158	$19.04482	1,303

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99822	$9.82805	1,287
01/01/2011 to 12/31/2011	$9.82805	$9.61919	1,332
01/01/2012 to 12/31/2012	$9.61919	$9.41308	0
01/01/2013 to 12/31/2013	$9.41308	$9.21068	0
01/01/2014 to 12/31/2014	$9.21068	$9.01260	0
01/01/2015 to 12/31/2015	$9.01260	$8.81875	0
01/01/2016 to 12/31/2016	$8.81875	$8.62972	0
01/01/2017 to 12/31/2017	$8.62972	$8.47354	0
01/01/2018 to 12/31/2018	$8.47354	$8.39821	0
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98419	$10.74637	0
01/01/2011 to 12/31/2011	$10.74637	$10.84929	4,451
01/01/2012 to 12/31/2012	$10.84929	$12.08858	9,069
01/01/2013 to 12/31/2013	$12.08858	$12.67807	9,225
01/01/2014 to 12/31/2014	$12.67807	$12.72290	9,258
01/01/2015 to 12/31/2015	$12.72290	$12.00573	9,208
01/01/2016 to 12/31/2016	$12.00573	$13.55690	8,596
01/01/2017 to 12/31/2017	$13.55690	$14.25737	11,690
01/01/2018 to 12/31/2018	$14.25737	$13.67210	11,361
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99020	$10.60265	1,193
01/01/2011 to 12/31/2011	$10.60265	$9.94093	13
01/01/2012 to 12/31/2012	$9.94093	$11.36943	169
01/01/2013 to 12/31/2013	$11.36943	$15.55961	138
01/01/2014 to 12/31/2014	$15.55961	$17.31807	121
01/01/2015 to 12/31/2015	$17.31807	$15.61779	118
01/01/2016 to 12/31/2016	$15.61779	$18.32198	110
01/01/2017 to 12/31/2017	$18.32198	$21.37030	1,126
01/01/2018 to 12/31/2018	$21.37030	$17.94921	1,130
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92904	$11.23996	1,135
01/01/2011 to 12/31/2011	$11.23996	$9.57716	860
01/01/2012 to 12/31/2012	$9.57716	$11.27953	1,128
01/01/2013 to 12/31/2013	$11.27953	$13.14034	1,076
01/01/2014 to 12/31/2014	$13.14034	$12.14739	1,194
01/01/2015 to 12/31/2015	$12.14739	$12.26035	989
01/01/2016 to 12/31/2016	$12.26035	$11.54411	1,064
01/01/2017 to 12/31/2017	$11.54411	$15.29858	2,344
01/01/2018 to 12/31/2018	$15.29858	$12.97234	2,501
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92891	$10.77933	0
01/01/2011 to 12/31/2011	$10.77933	$9.22411	720
01/01/2012 to 12/31/2012	$9.22411	$10.53073	1,793
01/01/2013 to 12/31/2013	$10.53073	$12.31033	2,938
01/01/2014 to 12/31/2014	$12.31033	$11.23806	3,191
01/01/2015 to 12/31/2015	$11.23806	$11.08635	2,996
01/01/2016 to 12/31/2016	$11.08635	$10.91151	3,192
01/01/2017 to 12/31/2017	$10.91151	$13.11345	4,545
01/01/2018 to 12/31/2018	$13.11345	$10.75955	4,961

A 69



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Investment Grade Bond Portfolio
03/15/2010 to 12/31/2010	$10.00644	$10.58415	0
01/01/2011 to 12/31/2011	$10.58415	$11.64591	99,914
01/01/2012 to 12/31/2012	$11.64591	$12.46651	35,478
01/01/2013 to 12/31/2013	$12.46651	$11.81025	17,063
01/01/2014 to 12/31/2014	$11.81025	$12.33407	21,139
01/01/2015 to 12/31/2015	$12.33407	$12.21051	47,321
01/01/2016 to 12/31/2016	$12.21051	$12.45101	63,601
01/01/2017 to 12/31/2017	$12.45101	$12.70944	46,700
01/01/2018 to 12/31/2018	$12.70944	$12.40161	110,261
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97645	$10.85561	2,136
01/01/2011 to 12/31/2011	$10.85561	$10.56202	1,549
01/01/2012 to 12/31/2012	$10.56202	$11.73841	5,377
01/01/2013 to 12/31/2013	$11.73841	$13.35620	5,990
01/01/2014 to 12/31/2014	$13.35620	$13.90077	5,011
01/01/2015 to 12/31/2015	$13.90077	$13.45952	4,578
01/01/2016 to 12/31/2016	$13.45952	$13.85792	4,794
01/01/2017 to 12/31/2017	$13.85792	$15.86011	5,289
01/01/2018 to 12/31/2018	$15.86011	$14.37343	4,524
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92157	$10.54174	2,500
01/01/2011 to 12/31/2011	$10.54174	$9.37150	1,084
01/01/2012 to 12/31/2012	$9.37150	$11.17875	1,083
01/01/2013 to 12/31/2013	$11.17875	$12.61883	999
01/01/2014 to 12/31/2014	$12.61883	$11.56154	1,069
01/01/2015 to 12/31/2015	$11.56154	$10.99675	1,050
01/01/2016 to 12/31/2016	$10.99675	$10.96881	1,084
01/01/2017 to 12/31/2017	$10.96881	$13.91438	962
01/01/2018 to 12/31/2018	$13.91438	$11.23537	1,046
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99821	$10.57174	3,188
01/01/2011 to 12/31/2011	$10.57174	$10.36895	8,634
01/01/2012 to 12/31/2012	$10.36895	$11.23332	10,235
01/01/2013 to 12/31/2013	$11.23332	$12.20458	9,357
01/01/2014 to 12/31/2014	$12.20458	$12.59292	6,405
01/01/2015 to 12/31/2015	$12.59292	$12.29973	6,117
01/01/2016 to 12/31/2016	$12.29973	$12.49783	5,190
01/01/2017 to 12/31/2017	$12.49783	$13.71484	5,253
01/01/2018 to 12/31/2018	$13.71484	$12.73062	4,810
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97106	$10.76026	0
01/01/2011 to 12/31/2011	$10.76026	$10.59897	341
01/01/2012 to 12/31/2012	$10.59897	$11.94582	650
01/01/2013 to 12/31/2013	$11.94582	$15.95494	579
01/01/2014 to 12/31/2014	$15.95494	$17.09580	531
01/01/2015 to 12/31/2015	$17.09580	$18.50726	479
01/01/2016 to 12/31/2016	$18.50726	$17.84505	473
01/01/2017 to 12/31/2017	$17.84505	$23.71936	394
01/01/2018 to 12/31/2018	$23.71936	$22.83270	638

A 70



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99232	$11.28865	0
01/01/2011 to 12/31/2011	$11.28865	$10.94541	439
01/01/2012 to 12/31/2012	$10.94541	$12.02352	587
01/01/2013 to 12/31/2013	$12.02352	$16.07255	733
01/01/2014 to 12/31/2014	$16.07255	$17.39250	3,415
01/01/2015 to 12/31/2015	$17.39250	$18.73280	392
01/01/2016 to 12/31/2016	$18.73280	$19.35320	379
01/01/2017 to 12/31/2017	$19.35320	$25.18606	323
01/01/2018 to 12/31/2018	$25.18606	$23.97927	290
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98734	$10.87856	0
01/01/2011 to 12/31/2011	$10.87856	$10.31155	25
01/01/2012 to 12/31/2012	$10.31155	$12.41801	24
01/01/2013 to 12/31/2013	$12.41801	$15.50888	23
01/01/2014 to 12/31/2014	$15.50888	$15.72646	23
01/01/2015 to 12/31/2015	$15.72646	$15.16288	24
01/01/2016 to 12/31/2016	$15.16288	$15.89295	1,402
01/01/2017 to 12/31/2017	$15.89295	$19.25990	23
01/01/2018 to 12/31/2018	$19.25990	$17.04335	23
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99821	$10.85427	0
01/01/2011 to 12/31/2011	$10.85427	$10.55815	24
01/01/2012 to 12/31/2012	$10.55815	$12.09583	276
01/01/2013 to 12/31/2013	$12.09583	$16.18042	231
01/01/2014 to 12/31/2014	$16.18042	$17.21163	338
01/01/2015 to 12/31/2015	$17.21163	$18.05908	3,359
01/01/2016 to 12/31/2016	$18.05908	$18.00947	3,234
01/01/2017 to 12/31/2017	$18.00947	$23.03522	3,686
01/01/2018 to 12/31/2018	$23.03522	$23.02189	3,478
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99822	$10.17752	0
01/01/2013 to 12/31/2013	$10.17752	$13.39500	0
01/01/2014 to 12/31/2014	$13.39500	$14.44620	0
01/01/2015 to 12/31/2015	$14.44620	$14.03334	0
01/01/2016 to 12/31/2016	$14.03334	$15.57875	3,489
01/01/2017 to 12/31/2017	$15.57875	$17.88822	0
01/01/2018 to 12/31/2018	$17.88822	$15.72498	0
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99077	$11.21717	1,144
01/01/2011 to 12/31/2011	$11.21717	$10.70359	1,141
01/01/2012 to 12/31/2012	$10.70359	$12.26702	1,330
01/01/2013 to 12/31/2013	$12.26702	$17.04575	1,722
01/01/2014 to 12/31/2014	$17.04575	$19.05619	772
01/01/2015 to 12/31/2015	$19.05619	$17.59543	443
01/01/2016 to 12/31/2016	$17.59543	$20.35683	1,161
01/01/2017 to 12/31/2017	$20.35683	$22.66722	480
01/01/2018 to 12/31/2018	$22.66722	$18.53043	334
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99822	$10.28812	8,798
01/01/2013 to 12/31/2013	$10.28812	$11.97118	10,150
01/01/2014 to 12/31/2014	$11.97118	$12.31571	9,161
01/01/2015 to 12/31/2015	$12.31571	$11.90126	9,584
01/01/2016 to 12/31/2016	$11.90126	$12.14926	7,707
01/01/2017 to 12/31/2017	$12.14926	$13.84950	7,754
01/01/2018 to 12/31/2018	$13.84950	$12.42880	2,550

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	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93869	$11.65729	0
01/01/2011 to 12/31/2011	$11.65729	$9.09457	540
01/01/2012 to 12/31/2012	$9.09457	$10.49422	3,376
01/01/2013 to 12/31/2013	$10.49422	$10.29148	5,025
01/01/2014 to 12/31/2014	$10.29148	$9.59859	5,187
01/01/2015 to 12/31/2015	$9.59859	$7.82112	6,018
01/01/2016 to 12/31/2016	$7.82112	$8.59942	7,858
01/01/2017 to 12/31/2017	$8.59942	$10.63475	7,305
01/01/2018 to 12/31/2018	$10.63475	$8.94325	7,838
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98918	$10.58066	103,605
01/01/2011 to 12/31/2011	$10.58066	$10.45671	144,285
01/01/2012 to 12/31/2012	$10.45671	$11.29302	154,091
01/01/2013 to 12/31/2013	$11.29302	$12.06818	144,853
01/01/2014 to 12/31/2014	$12.06818	$12.49073	133,030
01/01/2015 to 12/31/2015	$12.49073	$12.23976	81,899
01/01/2016 to 12/31/2016	$12.23976	$12.63896	75,770
01/01/2017 to 12/31/2017	$12.63896	$13.62084	71,036
01/01/2018 to 12/31/2018	$13.62084	$12.94796	67,249
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01813	$10.06185	3,193
01/01/2012 to 12/31/2012	$10.06185	$10.54515	3,248
01/01/2013 to 12/31/2013	$10.54515	$10.07983	3,384
01/01/2014 to 12/31/2014	$10.07983	$10.46093	3,119
01/01/2015 to 12/31/2015	$10.46093	$10.20855	4,845
01/01/2016 to 12/31/2016	$10.20855	$10.41006	4,244
01/01/2017 to 12/31/2017	$10.41006	$10.76453	4,035
01/01/2018 to 12/31/2018	$10.76453	$10.44621	3,722
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96321	$11.49069	14,765
01/01/2011 to 12/31/2011	$11.49069	$10.54529	13,742
01/01/2012 to 12/31/2012	$10.54529	$11.65139	38,728
01/01/2013 to 12/31/2013	$11.65139	$13.34208	43,047
01/01/2014 to 12/31/2014	$13.34208	$14.25597	41,214
01/01/2015 to 12/31/2015	$14.25597	$13.86404	75,359
01/01/2016 to 12/31/2016	$13.86404	$14.93617	69,520
01/01/2017 to 12/31/2017	$14.93617	$16.96853	95,453
01/01/2018 to 12/31/2018	$16.96853	$15.34067	35,698
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99821	$10.87426	0
01/01/2011 to 12/31/2011	$10.87426	$11.00879	20
01/01/2012 to 12/31/2012	$11.00879	$12.79735	2,580
01/01/2013 to 12/31/2013	$12.79735	$16.58305	2,861
01/01/2014 to 12/31/2014	$16.58305	$19.01976	2,728
01/01/2015 to 12/31/2015	$19.01976	$19.18394	9
01/01/2016 to 12/31/2016	$19.18394	$21.55945	9
01/01/2017 to 12/31/2017	$21.55945	$25.79167	9
01/01/2018 to 12/31/2018	$25.79167	$23.16062	9

A 72



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99821	$8.86947	0
01/01/2012 to 12/31/2012	$8.86947	$9.82046	0
01/01/2013 to 12/31/2013	$9.82046	$11.76164	0
01/01/2014 to 12/31/2014	$11.76164	$12.25695	0
01/01/2015 to 12/31/2015	$12.25695	$12.01147	0
01/01/2016 to 12/31/2016	$12.01147	$12.49686	0
01/01/2017 to 12/31/2017	$12.49686	$14.45338	0
01/01/2018 to 12/31/2018	$14.45338	$13.21781	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98727	$10.76898	12,612
01/01/2011 to 12/31/2011	$10.76898	$10.34642	15,869
01/01/2012 to 12/31/2012	$10.34642	$11.16466	25,982
01/01/2013 to 12/31/2013	$11.16466	$12.28361	25,857
01/01/2014 to 12/31/2014	$12.28361	$12.63732	18,752
01/01/2015 to 12/31/2015	$12.63732	$12.34513	30,926
01/01/2016 to 12/31/2016	$12.34513	$12.66201	29,552
01/01/2017 to 12/31/2017	$12.66201	$14.40192	28,830
01/01/2018 to 12/31/2018	$14.40192	$12.97700	24,532
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97155	$12.13891	0
01/01/2011 to 12/31/2011	$12.13891	$10.32083	317
01/01/2012 to 12/31/2012	$10.32083	$12.12578	4,398
01/01/2013 to 12/31/2013	$12.12578	$16.70757	4,659
01/01/2014 to 12/31/2014	$16.70757	$17.15614	2,729
01/01/2015 to 12/31/2015	$17.15614	$17.01143	85
01/01/2016 to 12/31/2016	$17.01143	$17.92810	87
01/01/2017 to 12/31/2017	$17.92810	$22.40173	79
01/01/2018 to 12/31/2018	$22.40173	$19.54071	75
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96060	$12.59822	0
01/01/2011 to 12/31/2011	$12.59822	$12.20705	190
01/01/2012 to 12/31/2012	$12.20705	$13.39860	194
01/01/2013 to 12/31/2013	$13.39860	$17.72209	537
01/01/2014 to 12/31/2014	$17.72209	$18.00331	503
01/01/2015 to 12/31/2015	$18.00331	$17.75463	287
01/01/2016 to 12/31/2016	$17.75463	$19.47200	866
01/01/2017 to 12/31/2017	$19.47200	$23.61157	333
01/01/2018 to 12/31/2018	$23.61157	$21.15960	380
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96403	$11.44962	0
01/01/2011 to 12/31/2011	$11.44962	$10.53432	1,198
01/01/2012 to 12/31/2012	$10.53432	$12.17939	1,966
01/01/2013 to 12/31/2013	$12.17939	$16.37500	2,563
01/01/2014 to 12/31/2014	$16.37500	$16.86709	2,571
01/01/2015 to 12/31/2015	$16.86709	$15.79312	2,440
01/01/2016 to 12/31/2016	$15.79312	$19.96775	2,679
01/01/2017 to 12/31/2017	$19.96775	$20.97516	2,112
01/01/2018 to 12/31/2018	$20.97516	$17.01745	2,191

A 73



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99191	$10.67665	30,118
01/01/2011 to 12/31/2011	$10.67665	$10.65472	60,505
01/01/2012 to 12/31/2012	$10.65472	$11.83249	117,348
01/01/2013 to 12/31/2013	$11.83249	$13.52713	112,707
01/01/2014 to 12/31/2014	$13.52713	$14.01453	105,485
01/01/2015 to 12/31/2015	$14.01453	$13.71900	128,300
01/01/2016 to 12/31/2016	$13.71900	$14.43746	112,921
01/01/2017 to 12/31/2017	$14.43746	$16.30462	101,129
01/01/2018 to 12/31/2018	$16.30462	$15.10240	85,520
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97079	$11.12002	2,438
01/01/2011 to 12/31/2011	$11.12002	$10.69680	5,130
01/01/2012 to 12/31/2012	$10.69680	$12.30683	9,672
01/01/2013 to 12/31/2013	$12.30683	$17.34416	9,905
01/01/2014 to 12/31/2014	$17.34416	$18.38761	8,679
01/01/2015 to 12/31/2015	$18.38761	$19.71659	8,994
01/01/2016 to 12/31/2016	$19.71659	$19.81433	11,689
01/01/2017 to 12/31/2017	$19.81433	$26.73565	8,072
01/01/2018 to 12/31/2018	$26.73565	$27.16915	7,029
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98582	$10.65197	0
01/01/2011 to 12/31/2011	$10.65197	$10.37192	1,780
01/01/2012 to 12/31/2012	$10.37192	$11.50870	3,823
01/01/2013 to 12/31/2013	$11.50870	$15.16117	5,328
01/01/2014 to 12/31/2014	$15.16117	$15.06632	5,470
01/01/2015 to 12/31/2015	$15.06632	$13.84838	5,147
01/01/2016 to 12/31/2016	$13.84838	$14.38178	5,227
01/01/2017 to 12/31/2017	$14.38178	$16.40297	4,956
01/01/2018 to 12/31/2018	$16.40297	$14.49001	5,321
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85947	$11.45926	0
01/01/2011 to 12/31/2011	$11.45926	$9.54035	853
01/01/2012 to 12/31/2012	$9.54035	$9.67259	3,373
01/01/2013 to 12/31/2013	$9.67259	$10.92040	4,914
01/01/2014 to 12/31/2014	$10.92040	$9.79216	3,358
01/01/2015 to 12/31/2015	$9.79216	$7.73678	3,672
01/01/2016 to 12/31/2016	$7.73678	$9.43444	3,302
01/01/2017 to 12/31/2017	$9.43444	$10.18362	3,391
01/01/2018 to 12/31/2018	$10.18362	$8.30414	3,952
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97990	$10.29578	1,245
01/01/2011 to 12/31/2011	$10.29578	$10.49029	2,525
01/01/2012 to 12/31/2012	$10.49029	$10.80078	2,800
01/01/2013 to 12/31/2013	$10.80078	$10.17186	2,998
01/01/2014 to 12/31/2014	$10.17186	$10.00855	2,742
01/01/2015 to 12/31/2015	$10.00855	$9.34112	1,922
01/01/2016 to 12/31/2016	$9.34112	$9.53909	1,772
01/01/2017 to 12/31/2017	$9.53909	$9.52505	8,630
01/01/2018 to 12/31/2018	$9.52505	$9.50543	8,079

A 74



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98848	$11.48400	0
01/01/2011 to 12/31/2011	$11.48400	$10.84971	850
01/01/2012 to 12/31/2012	$10.84971	$12.57064	1,729
01/01/2013 to 12/31/2013	$12.57064	$16.28775	2,459
01/01/2014 to 12/31/2014	$16.28775	$18.32341	2,121
01/01/2015 to 12/31/2015	$18.32341	$16.74458	2,115
01/01/2016 to 12/31/2016	$16.74458	$18.67863	2,024
01/01/2017 to 12/31/2017	$18.67863	$21.66516	1,899
01/01/2018 to 12/31/2018	$21.66516	$17.69373	1,980
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99821	$8.80715	6,473
01/01/2012 to 12/31/2012	$8.80715	$9.56607	7,466
01/01/2013 to 12/31/2013	$9.56607	$11.27958	7,403
01/01/2014 to 12/31/2014	$11.27958	$11.64456	11,015
01/01/2015 to 12/31/2015	$11.64456	$11.32210	10,618
01/01/2016 to 12/31/2016	$11.32210	$11.80216	7,742
01/01/2017 to 12/31/2017	$11.80216	$13.11908	7,584
01/01/2018 to 12/31/2018	$13.11908	$12.19402	7,401
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99821	$10.38458	1,466
01/01/2011 to 12/31/2011	$10.38458	$10.77399	1,815
01/01/2012 to 12/31/2012	$10.77399	$11.36989	9,477
01/01/2013 to 12/31/2013	$11.36989	$10.95942	12,808
01/01/2014 to 12/31/2014	$10.95942	$11.49564	19,721
01/01/2015 to 12/31/2015	$11.49564	$11.38757	19,822
01/01/2016 to 12/31/2016	$11.38757	$11.71721	24,645
01/01/2017 to 12/31/2017	$11.71721	$12.18917	21,822
01/01/2018 to 12/31/2018	$12.18917	$11.65564	27,212
*Denotes the start date of these sub-accounts

A 75



PREMIER RETIREMENT C SERIES
Pruco Life Insurance Company of New Jersey
Statement of Additional Information
ACCUMULATION UNIT VALUES: With HD GRO II OR GRO Plus II (2.35%)

	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Academic Strategies Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96734	$10.75915	28,262
01/01/2011 to 12/31/2011	$10.75915	$10.22743	13,293
01/01/2012 to 12/31/2012	$10.22743	$11.24170	5,219
01/01/2013 to 12/31/2013	$11.24170	$12.07242	193
01/01/2014 to 12/31/2014	$12.07242	$12.23882	0
01/01/2015 to 12/31/2015	$12.23882	$11.56645	0
01/01/2016 to 12/31/2016	$11.56645	$12.01088	0
01/01/2017 to 12/31/2017	$12.01088	$13.20557	0
01/01/2018 to 12/31/2018	$13.20557	$11.84454	0
AST Advanced Strategies Portfolio
03/15/2010 to 12/31/2010	$9.97803	$10.86460	0
01/01/2011 to 12/31/2011	$10.86460	$10.62155	44,624
01/01/2012 to 12/31/2012	$10.62155	$11.78720	28,276
01/01/2013 to 12/31/2013	$11.78720	$13.41606	1,753
01/01/2014 to 12/31/2014	$13.41606	$13.90094	0
01/01/2015 to 12/31/2015	$13.90094	$13.68317	0
01/01/2016 to 12/31/2016	$13.68317	$14.31201	0
01/01/2017 to 12/31/2017	$14.31201	$16.34238	0
01/01/2018 to 12/31/2018	$16.34238	$15.01703	0
AST Balanced Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98830	$10.71761	5,793
01/01/2011 to 12/31/2011	$10.71761	$10.33893	8,239
01/01/2012 to 12/31/2012	$10.33893	$11.35513	10,879
01/01/2013 to 12/31/2013	$11.35513	$13.04513	3,280
01/01/2014 to 12/31/2014	$13.04513	$13.56935	5,975
01/01/2015 to 12/31/2015	$13.56935	$13.31353	4,630
01/01/2016 to 12/31/2016	$13.31353	$13.82021	3,514
01/01/2017 to 12/31/2017	$13.82021	$15.50812	5,057
01/01/2018 to 12/31/2018	$15.50812	$14.39451	0
AST BlackRock Global Strategies Portfolio
05/02/2011* to 12/31/2011	$9.99805	$9.12313	0
01/01/2012 to 12/31/2012	$9.12313	$9.96798	0
01/01/2013 to 12/31/2013	$9.96798	$10.79016	0
01/01/2014 to 12/31/2014	$10.79016	$11.05246	0
01/01/2015 to 12/31/2015	$11.05246	$10.46885	0
01/01/2016 to 12/31/2016	$10.46885	$10.93501	0
01/01/2017 to 12/31/2017	$10.93501	$12.02559	0
01/01/2018 to 12/31/2018	$12.02559	$11.12161	0
AST BlackRock Low Duration Bond Portfolio
03/15/2010 to 12/31/2010	$10.00747	$10.04881	2,440
01/01/2011 to 12/31/2011	$10.04881	$10.03369	6,041
01/01/2012 to 12/31/2012	$10.03369	$10.25741	5,131
01/01/2013 to 12/31/2013	$10.25741	$9.79857	1,954
01/01/2014 to 12/31/2014	$9.79857	$9.55887	1,111
01/01/2015 to 12/31/2015	$9.55887	$9.37935	0
01/01/2016 to 12/31/2016	$9.37935	$9.30932	0
01/01/2017 to 12/31/2017	$9.30932	$9.24584	0
01/01/2018 to 12/31/2018	$9.24584	$9.09473	0

A 76



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST BlackRock/Loomis Sayles Bond Portfolio
03/15/2010 to 12/31/2010	$10.00639	$10.32046	39,459
01/01/2011 to 12/31/2011	$10.32046	$10.39873	18,326
01/01/2012 to 12/31/2012	$10.39873	$11.10057	14,855
01/01/2013 to 12/31/2013	$11.10057	$10.64048	6,069
01/01/2014 to 12/31/2014	$10.64048	$10.82998	3,974
01/01/2015 to 12/31/2015	$10.82998	$10.35248	771
01/01/2016 to 12/31/2016	$10.35248	$10.53723	779
01/01/2017 to 12/31/2017	$10.53723	$10.73914	1,389
01/01/2018 to 12/31/2018	$10.73914	$10.41617	911
AST Bond Portfolio 2018
03/15/2010 to 12/31/2010	$10.00675	$10.59439	0
01/01/2011 to 12/31/2011	$10.59439	$11.75078	3,287
01/01/2012 to 12/31/2012	$11.75078	$12.13006	1,005
01/01/2013 to 12/31/2013	$12.13006	$11.47274	5,055
01/01/2014 to 12/31/2014	$11.47274	$11.50141	5,055
01/01/2015 to 12/31/2015	$11.50141	$11.32213	5,110
01/01/2016 to 12/31/2016	$11.32213	$11.23460	4,818
01/01/2017 to 12/31/2017	$11.23460	$11.04939	11,371
01/01/2018 to 12/31/2018	$11.04939	$10.87029	0
AST Bond Portfolio 2019
03/15/2010 to 12/31/2010	$9.99805	$10.59732	0
01/01/2011 to 12/31/2011	$10.59732	$12.00179	0
01/01/2012 to 12/31/2012	$12.00179	$12.40605	2,285
01/01/2013 to 12/31/2013	$12.40605	$11.52925	0
01/01/2014 to 12/31/2014	$11.52925	$11.73842	0
01/01/2015 to 12/31/2015	$11.73842	$11.58535	0
01/01/2016 to 12/31/2016	$11.58535	$11.47742	0
01/01/2017 to 12/31/2017	$11.47742	$11.29346	0
01/01/2018 to 12/31/2018	$11.29346	$11.08918	11,533
AST Bond Portfolio 2020
03/15/2010 to 12/31/2010	$10.00887	$10.62787	0
01/01/2011 to 12/31/2011	$10.62787	$12.31691	0
01/01/2012 to 12/31/2012	$12.31691	$12.78702	0
01/01/2013 to 12/31/2013	$12.78702	$11.67293	0
01/01/2014 to 12/31/2014	$11.67293	$12.10070	0
01/01/2015 to 12/31/2015	$12.10070	$11.99679	0
01/01/2016 to 12/31/2016	$11.99679	$11.94466	0
01/01/2017 to 12/31/2017	$11.94466	$11.76792	0
01/01/2018 to 12/31/2018	$11.76792	$11.52351	0
AST Bond Portfolio 2021
03/15/2010 to 12/31/2010	$10.00780	$10.72931	0
01/01/2011 to 12/31/2011	$10.72931	$12.60470	20,038
01/01/2012 to 12/31/2012	$12.60470	$13.14422	4,879
01/01/2013 to 12/31/2013	$13.14422	$11.93675	6,789
01/01/2014 to 12/31/2014	$11.93675	$12.55155	2,759
01/01/2015 to 12/31/2015	$12.55155	$12.47514	3,049
01/01/2016 to 12/31/2016	$12.47514	$12.43034	3,231
01/01/2017 to 12/31/2017	$12.43034	$12.33085	2,412
01/01/2018 to 12/31/2018	$12.33085	$12.04768	0

A 77



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Bond Portfolio 2022
01/03/2011* to 12/31/2011	$9.99805	$11.95342	77,644
01/01/2012 to 12/31/2012	$11.95342	$12.35456	146,381
01/01/2013 to 12/31/2013	$12.35456	$10.88848	66,625
01/01/2014 to 12/31/2014	$10.88848	$11.73515	7,711
01/01/2015 to 12/31/2015	$11.73515	$11.69959	7,839
01/01/2016 to 12/31/2016	$11.69959	$11.63394	7,894
01/01/2017 to 12/31/2017	$11.63394	$11.53948	7,894
01/01/2018 to 12/31/2018	$11.53948	$11.25026	7,894
AST Bond Portfolio 2023
01/03/2012* to 12/31/2012	$9.99740	$10.34068	0
01/01/2013 to 12/31/2013	$10.34068	$9.06777	10,827
01/01/2014 to 12/31/2014	$9.06777	$9.97216	7,074
01/01/2015 to 12/31/2015	$9.97216	$10.00163	0
01/01/2016 to 12/31/2016	$10.00163	$9.95378	0
01/01/2017 to 12/31/2017	$9.95378	$9.88524	0
01/01/2018 to 12/31/2018	$9.88524	$9.62630	0
AST Bond Portfolio 2024
01/02/2013* to 12/31/2013	$9.99870	$8.70047	0
01/01/2014 to 12/31/2014	$8.70047	$9.73572	0
01/01/2015 to 12/31/2015	$9.73572	$9.77696	0
01/01/2016 to 12/31/2016	$9.77696	$9.72967	0
01/01/2017 to 12/31/2017	$9.72967	$9.66150	0
01/01/2018 to 12/31/2018	$9.66150	$9.37256	0
AST Bond Portfolio 2025
01/02/2014* to 12/31/2014	$9.99870	$11.23968	0
01/01/2015 to 12/31/2015	$11.23968	$11.19491	7,991
01/01/2016 to 12/31/2016	$11.19491	$11.20268	0
01/01/2017 to 12/31/2017	$11.20268	$11.14026	0
01/01/2018 to 12/31/2018	$11.14026	$10.79716	0
AST Bond Portfolio 2026
01/02/2015* to 12/31/2015	$9.99870	$9.88219	0
01/01/2016 to 12/31/2016	$9.88219	$9.85094	12,481
01/01/2017 to 12/31/2017	$9.85094	$9.85289	10,372
01/01/2018 to 12/31/2018	$9.85289	$9.52005	0
AST Bond Portfolio 2027
01/04/2016* to 12/31/2016	$9.99740	$9.82430	0
01/01/2017 to 12/31/2017	$9.82430	$9.85162	0
01/01/2018 to 12/31/2018	$9.85162	$9.49786	0
AST Bond Portfolio 2028
01/03/2017* to 12/31/2017	$9.99739	$9.98063	0
01/01/2018 to 12/31/2018	$9.98063	$9.54455	4,198
AST Bond Portfolio 2029
01/02/2018* to 12/31/2018	$9.99739	$9.60752	0
AST Capital Growth Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.97721	$10.79804	6,523
01/01/2011 to 12/31/2011	$10.79804	$10.28877	3,182
01/01/2012 to 12/31/2012	$10.28877	$11.42534	3,109
01/01/2013 to 12/31/2013	$11.42534	$13.68738	3,524
01/01/2014 to 12/31/2014	$13.68738	$14.30069	4,029
01/01/2015 to 12/31/2015	$14.30069	$14.03913	2,968
01/01/2016 to 12/31/2016	$14.03913	$14.64727	3,033
01/01/2017 to 12/31/2017	$14.64727	$16.86301	3,914
01/01/2018 to 12/31/2018	$16.86301	$15.44075	3,152

A 78



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST ClearBridge Dividend Growth Portfolio
02/25/2013* to 12/31/2013	$9.99805	$11.59214	0
01/01/2014 to 12/31/2014	$11.59214	$12.86032	0
01/01/2015 to 12/31/2015	$12.86032	$12.10961	0
01/01/2016 to 12/31/2016	$12.10961	$13.58705	0
01/01/2017 to 12/31/2017	$13.58705	$15.71061	0
01/01/2018 to 12/31/2018	$15.71061	$14.60844	0
AST Cohen & Steers Realty Portfolio
03/15/2010 to 12/31/2010	$9.95944	$11.74760	4,332
01/01/2011 to 12/31/2011	$11.74760	$12.22807	0
01/01/2012 to 12/31/2012	$12.22807	$13.77283	0
01/01/2013 to 12/31/2013	$13.77283	$13.87061	0
01/01/2014 to 12/31/2014	$13.87061	$17.73201	0
01/01/2015 to 12/31/2015	$17.73201	$18.15410	0
01/01/2016 to 12/31/2016	$18.15410	$18.58231	0
01/01/2017 to 12/31/2017	$18.58231	$19.28015	0
01/01/2018 to 12/31/2018	$19.28015	$17.92944	0
AST Fidelity Institutional AM® Quantitative Portfolio
formerly,AST FI Pyramis® Quantitative Portfolio
03/15/2010 to 12/31/2010	$9.97552	$10.97934	0
01/01/2011 to 12/31/2011	$10.97934	$10.56045	25,101
01/01/2012 to 12/31/2012	$10.56045	$11.40861	15,974
01/01/2013 to 12/31/2013	$11.40861	$12.78490	871
01/01/2014 to 12/31/2014	$12.78490	$12.87792	0
01/01/2015 to 12/31/2015	$12.87792	$12.69991	0
01/01/2016 to 12/31/2016	$12.69991	$12.92967	0
01/01/2017 to 12/31/2017	$12.92967	$14.70656	0
01/01/2018 to 12/31/2018	$14.70656	$13.24687	0
AST Global Real Estate Portfolio
03/15/2010 to 12/31/2010	$9.96972	$11.50809	697
01/01/2011 to 12/31/2011	$11.50809	$10.67179	323
01/01/2012 to 12/31/2012	$10.67179	$13.21390	288
01/01/2013 to 12/31/2013	$13.21390	$13.46442	435
01/01/2014 to 12/31/2014	$13.46442	$14.97880	513
01/01/2015 to 12/31/2015	$14.97880	$14.61374	341
01/01/2016 to 12/31/2016	$14.61374	$14.39889	383
01/01/2017 to 12/31/2017	$14.39889	$15.59219	631
01/01/2018 to 12/31/2018	$15.59219	$14.50677	411
AST Goldman Sachs Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99129	$10.73041	0
01/01/2011 to 12/31/2011	$10.73041	$9.90037	0
01/01/2012 to 12/31/2012	$9.90037	$11.56865	0
01/01/2013 to 12/31/2013	$11.56865	$15.08617	0
01/01/2014 to 12/31/2014	$15.08617	$16.66640	0
01/01/2015 to 12/31/2015	$16.66640	$15.52266	0
01/01/2016 to 12/31/2016	$15.52266	$16.90821	0
01/01/2017 to 12/31/2017	$16.90821	$18.12133	0
01/01/2018 to 12/31/2018	$18.12133	$16.18431	0

A 79



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Goldman Sachs Mid-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$10.01937	$11.37927	0
01/01/2011 to 12/31/2011	$11.37927	$10.78139	0
01/01/2012 to 12/31/2012	$10.78139	$12.59264	0
01/01/2013 to 12/31/2013	$12.59264	$16.25531	0
01/01/2014 to 12/31/2014	$16.25531	$17.70310	0
01/01/2015 to 12/31/2015	$17.70310	$16.30419	0
01/01/2016 to 12/31/2016	$16.30419	$16.18383	0
01/01/2017 to 12/31/2017	$16.18383	$20.08625	0
01/01/2018 to 12/31/2018	$20.08625	$18.75862	0
AST Goldman Sachs Multi-Asset Portfolio
03/15/2010 to 12/31/2010	$9.98779	$10.66728	0
01/01/2011 to 12/31/2011	$10.66728	$10.36422	0
01/01/2012 to 12/31/2012	$10.36422	$11.14546	0
01/01/2013 to 12/31/2013	$11.14546	$11.95250	0
01/01/2014 to 12/31/2014	$11.95250	$12.14325	0
01/01/2015 to 12/31/2015	$12.14325	$11.75007	0
01/01/2016 to 12/31/2016	$11.75007	$12.07766	0
01/01/2017 to 12/31/2017	$12.07766	$13.24345	0
01/01/2018 to 12/31/2018	$13.24345	$12.01789	0
AST Goldman Sachs Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96468	$11.45406	2,173
01/01/2011 to 12/31/2011	$11.45406	$11.33091	0
01/01/2012 to 12/31/2012	$11.33091	$12.80029	0
01/01/2013 to 12/31/2013	$12.80029	$17.35113	0
01/01/2014 to 12/31/2014	$17.35113	$18.16301	0
01/01/2015 to 12/31/2015	$18.16301	$16.76174	0
01/01/2016 to 12/31/2016	$16.76174	$20.34844	0
01/01/2017 to 12/31/2017	$20.34844	$22.29353	0
01/01/2018 to 12/31/2018	$22.29353	$18.70525	0
AST Government Money Market Portfolio
03/15/2010 to 12/31/2010	$9.99805	$9.81187	12,181
01/01/2011 to 12/31/2011	$9.81187	$9.58392	0
01/01/2012 to 12/31/2012	$9.58392	$9.35920	0
01/01/2013 to 12/31/2013	$9.35920	$9.13913	0
01/01/2014 to 12/31/2014	$9.13913	$8.92450	0
01/01/2015 to 12/31/2015	$8.92450	$8.71476	0
01/01/2016 to 12/31/2016	$8.71476	$8.51057	0
01/01/2017 to 12/31/2017	$8.51057	$8.33954	0
01/01/2018 to 12/31/2018	$8.33954	$8.24837	0
AST High Yield Portfolio
03/15/2010 to 12/31/2010	$9.98402	$10.72872	3,834
01/01/2011 to 12/31/2011	$10.72872	$10.80943	2,070
01/01/2012 to 12/31/2012	$10.80943	$12.01952	1,707
01/01/2013 to 12/31/2013	$12.01952	$12.57980	1,372
01/01/2014 to 12/31/2014	$12.57980	$12.59830	1,364
01/01/2015 to 12/31/2015	$12.59830	$11.86381	824
01/01/2016 to 12/31/2016	$11.86381	$13.36939	845
01/01/2017 to 12/31/2017	$13.36939	$14.03154	1,356
01/01/2018 to 12/31/2018	$14.03154	$13.42785	867

A 80



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Hotchkis & Wiley Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99003	$10.58525	801
01/01/2011 to 12/31/2011	$10.58525	$9.90441	358
01/01/2012 to 12/31/2012	$9.90441	$11.30444	323
01/01/2013 to 12/31/2013	$11.30444	$15.43913	422
01/01/2014 to 12/31/2014	$15.43913	$17.14880	461
01/01/2015 to 12/31/2015	$17.14880	$15.43354	317
01/01/2016 to 12/31/2016	$15.43354	$18.06897	344
01/01/2017 to 12/31/2017	$18.06897	$21.03225	473
01/01/2018 to 12/31/2018	$21.03225	$17.62901	300
AST International Growth Portfolio
03/15/2010 to 12/31/2010	$9.92888	$11.22148	0
01/01/2011 to 12/31/2011	$11.22148	$9.54183	0
01/01/2012 to 12/31/2012	$9.54183	$11.21495	0
01/01/2013 to 12/31/2013	$11.21495	$13.03848	0
01/01/2014 to 12/31/2014	$13.03848	$12.02858	0
01/01/2015 to 12/31/2015	$12.02858	$12.11568	0
01/01/2016 to 12/31/2016	$12.11568	$11.38457	0
01/01/2017 to 12/31/2017	$11.38457	$15.05653	0
01/01/2018 to 12/31/2018	$15.05653	$12.74093	0
AST International Value Portfolio
03/15/2010 to 12/31/2010	$9.92875	$10.76157	0
01/01/2011 to 12/31/2011	$10.76157	$9.19006	0
01/01/2012 to 12/31/2012	$9.19006	$10.47035	0
01/01/2013 to 12/31/2013	$10.47035	$12.21478	0
01/01/2014 to 12/31/2014	$12.21478	$11.12807	0
01/01/2015 to 12/31/2015	$11.12807	$10.95534	0
01/01/2016 to 12/31/2016	$10.95534	$10.76057	0
01/01/2017 to 12/31/2017	$10.76057	$12.90565	0
01/01/2018 to 12/31/2018	$12.90565	$10.56728	0
AST J.P. Morgan Global Thematic Portfolio
03/15/2010 to 12/31/2010	$9.97628	$10.83775	0
01/01/2011 to 12/31/2011	$10.83775	$10.52321	4,297
01/01/2012 to 12/31/2012	$10.52321	$11.67143	2,580
01/01/2013 to 12/31/2013	$11.67143	$13.25283	810
01/01/2014 to 12/31/2014	$13.25283	$13.76509	810
01/01/2015 to 12/31/2015	$13.76509	$13.30082	728
01/01/2016 to 12/31/2016	$13.30082	$13.66665	771
01/01/2017 to 12/31/2017	$13.66665	$15.60933	771
01/01/2018 to 12/31/2018	$15.60933	$14.11700	771
AST J.P. Morgan International Equity Portfolio
03/15/2010 to 12/31/2010	$9.92140	$10.52447	0
01/01/2011 to 12/31/2011	$10.52447	$9.33702	0
01/01/2012 to 12/31/2012	$9.33702	$11.11487	0
01/01/2013 to 12/31/2013	$11.11487	$12.52096	0
01/01/2014 to 12/31/2014	$12.52096	$11.44842	0
01/01/2015 to 12/31/2015	$11.44842	$10.86689	0
01/01/2016 to 12/31/2016	$10.86689	$10.81712	0
01/01/2017 to 12/31/2017	$10.81712	$13.69403	0
01/01/2018 to 12/31/2018	$13.69403	$11.03468	0

A 81



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST J.P. Morgan Strategic Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.99805	$10.55438	3,064
01/01/2011 to 12/31/2011	$10.55438	$10.33075	1,469
01/01/2012 to 12/31/2012	$10.33075	$11.16896	1,413
01/01/2013 to 12/31/2013	$11.16896	$12.10980	1,107
01/01/2014 to 12/31/2014	$12.10980	$12.46955	1,107
01/01/2015 to 12/31/2015	$12.46955	$12.15423	588
01/01/2016 to 12/31/2016	$12.15423	$12.32480	337
01/01/2017 to 12/31/2017	$12.32480	$13.49737	240
01/01/2018 to 12/31/2018	$13.49737	$12.50293	250
AST Jennison Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97090	$10.74258	0
01/01/2011 to 12/31/2011	$10.74258	$10.56007	0
01/01/2012 to 12/31/2012	$10.56007	$11.87760	0
01/01/2013 to 12/31/2013	$11.87760	$15.83137	0
01/01/2014 to 12/31/2014	$15.83137	$16.92852	0
01/01/2015 to 12/31/2015	$16.92852	$18.28864	0
01/01/2016 to 12/31/2016	$18.28864	$17.59833	0
01/01/2017 to 12/31/2017	$17.59833	$23.34383	0
01/01/2018 to 12/31/2018	$23.34383	$22.42498	0
AST Loomis Sayles Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.99215	$11.27007	755
01/01/2011 to 12/31/2011	$11.27007	$10.90506	319
01/01/2012 to 12/31/2012	$10.90506	$11.95463	306
01/01/2013 to 12/31/2013	$11.95463	$15.94779	412
01/01/2014 to 12/31/2014	$15.94779	$17.22216	458
01/01/2015 to 12/31/2015	$17.22216	$18.51127	281
01/01/2016 to 12/31/2016	$18.51127	$19.08542	283
01/01/2017 to 12/31/2017	$19.08542	$24.78696	402
01/01/2018 to 12/31/2018	$24.78696	$23.55073	241
AST MFS Global Equity Portfolio
03/15/2010 to 12/31/2010	$9.98718	$10.86071	764
01/01/2011 to 12/31/2011	$10.86071	$10.27356	335
01/01/2012 to 12/31/2012	$10.27356	$12.34700	308
01/01/2013 to 12/31/2013	$12.34700	$15.38878	416
01/01/2014 to 12/31/2014	$15.38878	$15.57270	502
01/01/2015 to 12/31/2015	$15.57270	$14.98399	332
01/01/2016 to 12/31/2016	$14.98399	$15.67330	362
01/01/2017 to 12/31/2017	$15.67330	$18.95502	518
01/01/2018 to 12/31/2018	$18.95502	$16.73905	338
AST MFS Growth Portfolio
03/15/2010 to 12/31/2010	$9.99805	$10.83645	0
01/01/2011 to 12/31/2011	$10.83645	$10.51928	0
01/01/2012 to 12/31/2012	$10.51928	$12.02656	0
01/01/2013 to 12/31/2013	$12.02656	$16.05490	0
01/01/2014 to 12/31/2014	$16.05490	$17.04320	0
01/01/2015 to 12/31/2015	$17.04320	$17.84580	0
01/01/2016 to 12/31/2016	$17.84580	$17.76054	0
01/01/2017 to 12/31/2017	$17.76054	$22.67055	0
01/01/2018 to 12/31/2018	$22.67055	$22.61073	0

A 82



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST MFS Large-Cap Value Portfolio
08/20/2012* to 12/31/2012	$9.99805	$10.16978	0
01/01/2013 to 12/31/2013	$10.16978	$13.35750	0
01/01/2014 to 12/31/2014	$13.35750	$14.37634	0
01/01/2015 to 12/31/2015	$14.37634	$13.93693	0
01/01/2016 to 12/31/2016	$13.93693	$15.44031	0
01/01/2017 to 12/31/2017	$15.44031	$17.69317	0
01/01/2018 to 12/31/2018	$17.69317	$15.52153	0
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.99060	$11.19874	0
01/01/2011 to 12/31/2011	$11.19874	$10.66429	0
01/01/2012 to 12/31/2012	$10.66429	$12.19697	0
01/01/2013 to 12/31/2013	$12.19697	$16.91385	0
01/01/2014 to 12/31/2014	$16.91385	$18.87003	0
01/01/2015 to 12/31/2015	$18.87003	$17.38782	0
01/01/2016 to 12/31/2016	$17.38782	$20.07581	0
01/01/2017 to 12/31/2017	$20.07581	$22.30878	0
01/01/2018 to 12/31/2018	$22.30878	$18.19987	0
AST New Discovery Asset Allocation Portfolio
04/30/2012* to 12/31/2012	$9.99805	$10.27384	0
01/01/2013 to 12/31/2013	$10.27384	$11.93003	0
01/01/2014 to 12/31/2014	$11.93003	$12.24836	0
01/01/2015 to 12/31/2015	$12.24836	$11.81199	0
01/01/2016 to 12/31/2016	$11.81199	$12.03362	0
01/01/2017 to 12/31/2017	$12.03362	$13.68971	0
01/01/2018 to 12/31/2018	$13.68971	$12.26007	0
AST Parametric Emerging Markets Equity Portfolio
03/15/2010 to 12/31/2010	$9.93852	$11.63809	0
01/01/2011 to 12/31/2011	$11.63809	$9.06103	0
01/01/2012 to 12/31/2012	$9.06103	$10.43410	0
01/01/2013 to 12/31/2013	$10.43410	$10.21164	0
01/01/2014 to 12/31/2014	$10.21164	$9.50471	0
01/01/2015 to 12/31/2015	$9.50471	$7.72875	0
01/01/2016 to 12/31/2016	$7.72875	$8.48048	0
01/01/2017 to 12/31/2017	$8.48048	$10.46629	0
01/01/2018 to 12/31/2018	$10.46629	$8.78348	0
AST Preservation Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.98901	$10.56322	4,567
01/01/2011 to 12/31/2011	$10.56322	$10.41816	24,434
01/01/2012 to 12/31/2012	$10.41816	$11.22833	16,996
01/01/2013 to 12/31/2013	$11.22833	$11.97456	1,673
01/01/2014 to 12/31/2014	$11.97456	$12.36853	1,672
01/01/2015 to 12/31/2015	$12.36853	$12.09525	885
01/01/2016 to 12/31/2016	$12.09525	$12.46418	500
01/01/2017 to 12/31/2017	$12.46418	$13.40507	363
01/01/2018 to 12/31/2018	$13.40507	$12.71667	372
AST Prudential Core Bond Portfolio
10/31/2011* to 12/31/2011	$10.01797	$10.05822	0
01/01/2012 to 12/31/2012	$10.05822	$10.51980	0
01/01/2013 to 12/31/2013	$10.51980	$10.03496	0
01/01/2014 to 12/31/2014	$10.03496	$10.39310	0
01/01/2015 to 12/31/2015	$10.39310	$10.12167	0
01/01/2016 to 12/31/2016	$10.12167	$10.30037	0
01/01/2017 to 12/31/2017	$10.30037	$10.62931	0
01/01/2018 to 12/31/2018	$10.62931	$10.29382	0

A 83



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Prudential Growth Allocation Portfolio
03/15/2010 to 12/31/2010	$9.96304	$11.47182	4,012
01/01/2011 to 12/31/2011	$11.47182	$10.50641	5,153
01/01/2012 to 12/31/2012	$10.50641	$11.58467	3,813
01/01/2013 to 12/31/2013	$11.58467	$13.23852	1,708
01/01/2014 to 12/31/2014	$13.23852	$14.11648	1,944
01/01/2015 to 12/31/2015	$14.11648	$13.70023	3,476
01/01/2016 to 12/31/2016	$13.70023	$14.72957	3,606
01/01/2017 to 12/31/2017	$14.72957	$16.69976	4,818
01/01/2018 to 12/31/2018	$16.69976	$15.06661	3,588
AST QMA US Equity Alpha Portfolio
03/15/2010 to 12/31/2010	$9.99805	$10.85629	0
01/01/2011 to 12/31/2011	$10.85629	$10.96805	0
01/01/2012 to 12/31/2012	$10.96805	$12.72392	0
01/01/2013 to 12/31/2013	$12.72392	$16.45421	0
01/01/2014 to 12/31/2014	$16.45421	$18.83337	0
01/01/2015 to 12/31/2015	$18.83337	$18.95714	0
01/01/2016 to 12/31/2016	$18.95714	$21.26114	0
01/01/2017 to 12/31/2017	$21.26114	$25.38287	0
01/01/2018 to 12/31/2018	$25.38287	$22.74671	0
AST Quantitative Modeling Portfolio
05/02/2011* to 12/31/2011	$9.99805	$8.85728	0
01/01/2012 to 12/31/2012	$8.85728	$9.78676	0
01/01/2013 to 12/31/2013	$9.78676	$11.69734	0
01/01/2014 to 12/31/2014	$11.69734	$12.16502	0
01/01/2015 to 12/31/2015	$12.16502	$11.89708	0
01/01/2016 to 12/31/2016	$11.89708	$12.35269	0
01/01/2017 to 12/31/2017	$12.35269	$14.25758	0
01/01/2018 to 12/31/2018	$14.25758	$13.01190	0
AST RCM World Trends Portfolio
03/15/2010 to 12/31/2010	$9.98710	$10.75126	0
01/01/2011 to 12/31/2011	$10.75126	$10.30837	24,258
01/01/2012 to 12/31/2012	$10.30837	$11.10075	15,406
01/01/2013 to 12/31/2013	$11.10075	$12.18835	894
01/01/2014 to 12/31/2014	$12.18835	$12.51365	0
01/01/2015 to 12/31/2015	$12.51365	$12.19922	0
01/01/2016 to 12/31/2016	$12.19922	$12.48685	0
01/01/2017 to 12/31/2017	$12.48685	$14.17369	0
01/01/2018 to 12/31/2018	$14.17369	$12.74505	0
AST Small-Cap Growth Opportunities Portfolio
03/15/2010 to 12/31/2010	$9.97138	$12.11885	0
01/01/2011 to 12/31/2011	$12.11885	$10.28273	0
01/01/2012 to 12/31/2012	$10.28273	$12.05627	0
01/01/2013 to 12/31/2013	$12.05627	$16.57797	0
01/01/2014 to 12/31/2014	$16.57797	$16.98811	0
01/01/2015 to 12/31/2015	$16.98811	$16.81029	0
01/01/2016 to 12/31/2016	$16.81029	$17.68003	0
01/01/2017 to 12/31/2017	$17.68003	$22.04674	0
01/01/2018 to 12/31/2018	$22.04674	$19.19144	0

A 84



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST Small-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.96043	$12.57745	5,668
01/01/2011 to 12/31/2011	$12.57745	$12.16210	0
01/01/2012 to 12/31/2012	$12.16210	$13.32183	0
01/01/2013 to 12/31/2013	$13.32183	$17.58467	0
01/01/2014 to 12/31/2014	$17.58467	$17.82723	0
01/01/2015 to 12/31/2015	$17.82723	$17.54499	0
01/01/2016 to 12/31/2016	$17.54499	$19.20276	0
01/01/2017 to 12/31/2017	$19.20276	$23.23763	0
01/01/2018 to 12/31/2018	$23.23763	$20.78170	0
AST Small-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.96386	$11.43076	0
01/01/2011 to 12/31/2011	$11.43076	$10.49532	0
01/01/2012 to 12/31/2012	$10.49532	$12.10947	0
01/01/2013 to 12/31/2013	$12.10947	$16.24786	0
01/01/2014 to 12/31/2014	$16.24786	$16.70196	0
01/01/2015 to 12/31/2015	$16.70196	$15.60645	0
01/01/2016 to 12/31/2016	$15.60645	$19.69140	0
01/01/2017 to 12/31/2017	$19.69140	$20.64271	0
01/01/2018 to 12/31/2018	$20.64271	$16.71325	0
AST T. Rowe Price Asset Allocation Portfolio
03/15/2010 to 12/31/2010	$9.99174	$10.65907	0
01/01/2011 to 12/31/2011	$10.65907	$10.61552	64,497
01/01/2012 to 12/31/2012	$10.61552	$11.76460	41,032
01/01/2013 to 12/31/2013	$11.76460	$13.42200	2,372
01/01/2014 to 12/31/2014	$13.42200	$13.87731	0
01/01/2015 to 12/31/2015	$13.87731	$13.55686	0
01/01/2016 to 12/31/2016	$13.55686	$14.23780	0
01/01/2017 to 12/31/2017	$14.23780	$16.04643	0
01/01/2018 to 12/31/2018	$16.04643	$14.83268	0
AST T. Rowe Price Large-Cap Growth Portfolio
03/15/2010 to 12/31/2010	$9.97062	$11.10177	2,166
01/01/2011 to 12/31/2011	$11.10177	$10.65756	871
01/01/2012 to 12/31/2012	$10.65756	$12.23662	732
01/01/2013 to 12/31/2013	$12.23662	$17.21005	473
01/01/2014 to 12/31/2014	$17.21005	$18.20816	736
01/01/2015 to 12/31/2015	$18.20816	$19.48421	505
01/01/2016 to 12/31/2016	$19.48421	$19.54089	502
01/01/2017 to 12/31/2017	$19.54089	$26.31292	689
01/01/2018 to 12/31/2018	$26.31292	$26.68461	386
AST T. Rowe Price Large-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98565	$10.63446	799
01/01/2011 to 12/31/2011	$10.63446	$10.33380	345
01/01/2012 to 12/31/2012	$10.33380	$11.44285	316
01/01/2013 to 12/31/2013	$11.44285	$15.04350	438
01/01/2014 to 12/31/2014	$15.04350	$14.91881	497
01/01/2015 to 12/31/2015	$14.91881	$13.68482	363
01/01/2016 to 12/31/2016	$13.68482	$14.18297	419
01/01/2017 to 12/31/2017	$14.18297	$16.14325	611
01/01/2018 to 12/31/2018	$16.14325	$14.23134	390

A 85



	Accumulation Unit Value	Accumulation Unit Value	Number of Accumulation Units
Sub-Account	At Beginning of Period	At End of Period	Outstanding at End of Period
AST T. Rowe Price Natural Resources Portfolio
03/15/2010 to 12/31/2010	$9.85930	$11.44026	2,212
01/01/2011 to 12/31/2011	$11.44026	$9.50511	0
01/01/2012 to 12/31/2012	$9.50511	$9.61709	0
01/01/2013 to 12/31/2013	$9.61709	$10.83551	0
01/01/2014 to 12/31/2014	$10.83551	$9.69615	0
01/01/2015 to 12/31/2015	$9.69615	$7.64524	0
01/01/2016 to 12/31/2016	$7.64524	$9.30374	0
01/01/2017 to 12/31/2017	$9.30374	$10.02216	0
01/01/2018 to 12/31/2018	$10.02216	$8.15565	0
AST Templeton Global Bond Portfolio
03/15/2010 to 12/31/2010	$9.97973	$10.27887	2,359
01/01/2011 to 12/31/2011	$10.27887	$10.45171	0
01/01/2012 to 12/31/2012	$10.45171	$10.73906	0
01/01/2013 to 12/31/2013	$10.73906	$10.09311	0
01/01/2014 to 12/31/2014	$10.09311	$9.91083	0
01/01/2015 to 12/31/2015	$9.91083	$9.23093	0
01/01/2016 to 12/31/2016	$9.23093	$9.40733	0
01/01/2017 to 12/31/2017	$9.40733	$9.37439	0
01/01/2018 to 12/31/2018	$9.37439	$9.33596	0
AST WEDGE Capital Mid-Cap Value Portfolio
03/15/2010 to 12/31/2010	$9.98831	$11.46513	0
01/01/2011 to 12/31/2011	$11.46513	$10.80972	0
01/01/2012 to 12/31/2012	$10.80972	$12.49876	0
01/01/2013 to 12/31/2013	$12.49876	$16.16160	0
01/01/2014 to 12/31/2014	$16.16160	$18.14438	0
01/01/2015 to 12/31/2015	$18.14438	$16.54707	0
01/01/2016 to 12/31/2016	$16.54707	$18.42075	0
01/01/2017 to 12/31/2017	$18.42075	$21.32252	0
01/01/2018 to 12/31/2018	$21.32252	$17.37801	0
AST Wellington Management Hedged Equity Portfolio
05/02/2011* to 12/31/2011	$9.99805	$8.79506	0
01/01/2012 to 12/31/2012	$8.79506	$9.53337	0
01/01/2013 to 12/31/2013	$9.53337	$11.21815	0
01/01/2014 to 12/31/2014	$11.21815	$11.55756	0
01/01/2015 to 12/31/2015	$11.55756	$11.21457	0
01/01/2016 to 12/31/2016	$11.21457	$11.66623	0
01/01/2017 to 12/31/2017	$11.66623	$12.94158	0
01/01/2018 to 12/31/2018	$12.94158	$12.00431	0
AST Western Asset Core Plus Bond Portfolio
03/15/2010 to 12/31/2010	$9.99805	$10.36763	5,384
01/01/2011 to 12/31/2011	$10.36763	$10.73432	333
01/01/2012 to 12/31/2012	$10.73432	$11.30483	323
01/01/2013 to 12/31/2013	$11.30483	$10.87439	560
01/01/2014 to 12/31/2014	$10.87439	$11.38303	651
01/01/2015 to 12/31/2015	$11.38303	$11.25306	448
01/01/2016 to 12/31/2016	$11.25306	$11.55520	475
01/01/2017 to 12/31/2017	$11.55520	$11.99624	797
01/01/2018 to 12/31/2018	$11.99624	$11.44757	541
*Denotes the start date of these sub-accounts

A 86

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	Prudential Government Money Market Portfolio		Prudential Diversified Bond Portfolio		Prudential Equity Portfolio (Class I)		Prudential Value Portfolio (Class I)		Prudential High Yield Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	6,213,434	$	13,399,464	$	15,238,467	$	17,214,366	$	11,645,533
Net Assets	$	6,213,434	$	13,399,464	$	15,238,467	$	17,214,366	$	11,645,533

NET ASSETS, representing:
Accumulation units	$	6,213,434	$	13,399,464	$	15,238,467	$	17,214,366	$	11,645,533
	$	6,213,434	$	13,399,464	$	15,238,467	$	17,214,366	$	11,645,533

Units outstanding	5,292,009		4,972,262		4,371,001		5,460,664		2,557,491

Portfolio shares held	621,343		1,021,301		310,862		602,955		2,347,890
Portfolio net asset value per share	$	10.00	$	13.12	$	49.02	$	28.55	$	4.96
Investment in portfolio shares, at cost	$	6,213,434	$	11,460,689	$	8,555,323	$	11,749,069	$	12,302,012

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	Prudential Government Money Market Portfolio		Prudential Diversified Bond Portfolio			Prudential Equity Portfolio (Class I)			Prudential Value Portfolio (Class I)			Prudential High Yield Bond Portfolio
	1/1/2018		1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to		to			to			to			to
	12/31/2018		12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	104,354	$	—		$	—		$	—		$	390,384

EXPENSES
Charges for mortality and expense risk,
and for administration	98,564		200,576			267,642			328,607			196,661
NET INVESTMENT INCOME (LOSS)	5,790		(200,576		)	(267,642		)	(328,607		)	193,723

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—			—			—			—
Net realized gain (loss) on shares redeemed	—		334,832			1,752,163			2,053,752			(70,449		)
Net change in unrealized appreciation (depreciation) on investments	—		(392,846		)	(2,312,937		)	(3,911,475		)	(435,732		)
NET GAIN (LOSS) ON INVESTMENTS	—		(58,014		)	(560,774		)	(1,857,723		)	(506,181		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	5,790	$	(258,590	)	$	(828,416	)	$	(2,186,330	)	$	(312,458	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	Prudential Stock Index Portfolio		Prudential Global Portfolio		Prudential Jennison Portfolio (Class I)		Prudential Small Capitalization Stock Portfolio		T. Rowe Price International Stock Portfolio
ASSETS
Investment in the portfolios, at fair value	$	20,531,253	$	3,778,794	$	21,649,322	$	5,003,796	$	1,401,452
Net Assets	$	20,531,253	$	3,778,794	$	21,649,322	$	5,003,796	$	1,401,452

NET ASSETS, representing:
Accumulation units	$	20,531,253	$	3,778,794	$	21,649,322	$	5,003,796	$	1,401,452
	$	20,531,253	$	3,778,794	$	21,649,322	$	5,003,796	$	1,401,452

Units outstanding	5,459,734		1,455,883		5,051,540		831,879		821,571

Portfolio shares held	362,487		118,755		353,689		142,355		107,473
Portfolio net asset value per share	$	56.64	$	31.82	$	61.21	$	35.15	$	13.04
Investment in portfolio shares, at cost	$	15,814,590	$	2,343,866	$	8,538,002	$	3,411,479	$	1,504,911

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	Prudential Stock Index Portfolio			Prudential Global Portfolio			Prudential Jennison Portfolio (Class I)			Prudential Small Capitalization Stock Portfolio			T. Rowe Price International Stock Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	21,675

EXPENSES
Charges for mortality and expense risk,
and for administration	314,371			72,604			384,462			66,738			22,789
NET INVESTMENT INCOME (LOSS)	(314,371		)	(72,604		)	(384,462		)	(66,738		)	(1,114		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			152,670
Net realized gain (loss) on shares redeemed	2,110,647			632,688			3,766,205			333,774			59,396
Net change in unrealized appreciation (depreciation) on investments	(3,150,736		)	(875,419		)	(3,372,091		)	(910,581		)	(459,641		)
NET GAIN (LOSS) ON INVESTMENTS	(1,040,089		)	(242,731		)	394,114			(576,807		)	(247,575		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,354,460	)	$	(315,335	)	$	9,652		$	(643,545	)	$	(248,689	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)		Invesco V.I. Core Equity Fund (Series I)		Janus Henderson VIT Research Portfolio (Institutional Shares)		Janus Henderson VIT Overseas Portfolio (Institutional Shares)		MFS® Research Series (Initial Class)
ASSETS
Investment in the portfolios, at fair value	$	5,268,523	$	6,283,767	$	4,433,711	$	3,989,799	$	1,261,738
Net Assets	$	5,268,523	$	6,283,767	$	4,433,711	$	3,989,799	$	1,261,738

NET ASSETS, representing:
Accumulation units	$	5,268,523	$	6,283,767	$	4,433,711	$	3,989,799	$	1,261,738
	$	5,268,523	$	6,283,767	$	4,433,711	$	3,989,799	$	1,261,738

Units outstanding	1,464,459		2,291,230		1,399,058		1,334,864		387,107

Portfolio shares held	225,536		203,095		131,564		149,375		50,611
Portfolio net asset value per share	$	23.36	$	30.94	$	33.70	$	26.71	$	24.93
Investment in portfolio shares, at cost	$	5,129,466	$	5,668,986	$	3,743,389	$	4,848,010	$	1,103,501

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)			Invesco V.I. Core Equity Fund (Series I)			Janus Henderson VIT Research Portfolio (Institutional Shares)			Janus Henderson VIT Overseas Portfolio (Institutional Shares)			MFS® Research Series (Initial Class)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	121,552		$	64,760		$	27,840		$	83,105		$	10,036

EXPENSES
Charges for mortality and expense risk,
and for administration	86,041			103,185			72,864			66,932			20,252
NET INVESTMENT INCOME (LOSS)	35,511			(38,425		)	(45,024		)	16,173			(10,216		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	531,896			463,817			246,626			—			165,789
Net realized gain (loss) on shares redeemed	215,257			243,385			223,531			(15,717		)	41,742
Net change in unrealized appreciation (depreciation) on investments	(1,415,449		)	(1,413,381		)	(567,506		)	(770,940		)	(269,811		)
NET GAIN (LOSS) ON INVESTMENTS	(668,296		)	(706,179		)	(97,349		)	(786,657		)	(62,280		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(632,785	)	$	(744,604	)	$	(142,373	)	$	(770,484	)	$	(72,496	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	MFS® Growth Series (Initial Class)		American Century VP Value Fund (Class I)		Franklin Small-Mid Cap Growth VIP Fund (Class 2)		Prudential Jennison 20/20 Focus Portfolio (Class I)		Davis Value Portfolio
ASSETS
Investment in the portfolios, at fair value	$	5,549,770	$	1,676,664	$	1,867,922	$	2,921,183	$	1,306,683
Net Assets	$	5,549,770	$	1,676,664	$	1,867,922	$	2,921,183	$	1,306,683

NET ASSETS, representing:
Accumulation units	$	5,549,770	$	1,676,664	$	1,867,922	$	2,921,183	$	1,306,683
	$	5,549,770	$	1,676,664	$	1,867,922	$	2,921,183	$	1,306,683

Units outstanding	1,420,850		478,153		609,960		945,238		720,713

Portfolio shares held	118,055		167,499		122,728		98,956		189,649
Portfolio net asset value per share	$	47.01	$	10.01	$	15.22	$	29.52	$	6.89
Investment in portfolio shares, at cost	$	3,507,377	$	1,193,106	$	2,408,003	$	1,405,575	$	1,867,895

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	MFS® Growth Series (Initial Class)			American Century VP Value Fund (Class I)			Franklin Small-Mid Cap Growth VIP Fund (Class 2)			Prudential Jennison 20/20 Focus Portfolio (Class I)			Davis Value Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	5,733		$	32,284		$	—		$	—		$	13,356

EXPENSES
Charges for mortality and expense risk,
and for administration	92,034			27,427			38,926			48,206			24,717
NET INVESTMENT INCOME (LOSS)	(86,301		)	4,857			(38,926		)	(48,206		)	(11,361		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	425,417			125			310,796			—			268,600
Net realized gain (loss) on shares redeemed	734,323			78,102			(129,237		)	267,586			(20,975		)
Net change in unrealized appreciation (depreciation) on investments	(885,074		)	(279,234		)	(201,553		)	(413,543		)	(462,701		)
NET GAIN (LOSS) ON INVESTMENTS	274,666			(201,007		)	(19,994		)	(145,957		)	(215,076		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	188,365		$	(196,150	)	$	(58,920	)	$	(194,163	)	$	(226,437	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)		Prudential SP Small Cap Value Portfolio (Class I)		Janus Henderson VIT Research Portfolio (Service Shares)		SP Prudential U.S. Emerging Growth Portfolio (Class I)		Prudential SP International Growth Portfolio (Class I)
ASSETS
Investment in the portfolios, at fair value	$	378,743	$	6,185,109	$	412,692	$	5,686,150	$	1,628,740
Net Assets	$	378,743	$	6,185,109	$	412,692	$	5,686,150	$	1,628,740

NET ASSETS, representing:
Accumulation units	$	378,743	$	6,185,109	$	412,692	$	5,686,150	$	1,628,740
	$	378,743	$	6,185,109	$	412,692	$	5,686,150	$	1,628,740

Units outstanding	253,543		2,086,442		202,010		1,767,575		964,649

Portfolio shares held	7,744		272,592		12,555		417,179		232,345
Portfolio net asset value per share	$	48.91	$	22.69	$	32.87	$	13.63	$	7.01
Investment in portfolio shares, at cost	$	286,929	$	3,545,982	$	330,145	$	3,145,654	$	1,448,926

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)			Prudential SP Small Cap Value Portfolio (Class I)			Janus Henderson VIT Research Portfolio (Service Shares)			SP Prudential U.S. Emerging Growth Portfolio (Class I)			Prudential SP International Growth Portfolio (Class I)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	1,675		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	9,944			120,134			7,482			108,648			30,358
NET INVESTMENT INCOME (LOSS)	(9,944		)	(120,134		)	(5,807		)	(108,648		)	(30,358		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	83,955			—			22,885			—			—
Net realized gain (loss) on shares redeemed	157,180			512,674			21,053			577,432			69,217
Net change in unrealized appreciation (depreciation) on investments	(201,296		)	(1,500,664		)	(54,904		)	(1,035,654		)	(306,096		)
NET GAIN (LOSS) ON INVESTMENTS	39,839			(987,990		)	(10,966		)	(458,222		)	(236,879		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	29,895		$	(1,108,124	)	$	(16,773	)	$	(566,870	)	$	(267,237	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Goldman Sachs Large-Cap Value Portfolio		AST Cohen & Steers Realty Portfolio		AST J.P. Morgan Strategic Opportunities Portfolio		AST T. Rowe Price Large-Cap Value Portfolio		AST High Yield Portfolio
ASSETS
Investment in the portfolios, at fair value	$	50,930,178	$	25,132,365	$	147,331,470	$	13,956,301	$	28,532,420
Net Assets	$	50,930,178	$	25,132,365	$	147,331,470	$	13,956,301	$	28,532,420

NET ASSETS, representing:
Accumulation units	$	50,930,178	$	25,132,365	$	147,331,470	$	13,956,301	$	28,532,420
	$	50,930,178	$	25,132,365	$	147,331,470	$	13,956,301	$	28,532,420

Units outstanding	3,117,045		1,359,928		11,258,620		962,348		1,997,465

Portfolio shares held	1,791,424		2,280,614		8,121,911		1,020,944		2,890,823
Portfolio net asset value per share	$	28.43	$	11.02	$	18.14	$	13.67	$	9.87
Investment in portfolio shares, at cost	$	45,802,632	$	22,178,003	$	118,063,638	$	12,040,918	$	25,161,526

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Goldman Sachs Large-Cap Value Portfolio			AST Cohen & Steers Realty Portfolio			AST J.P. Morgan Strategic Opportunities Portfolio			AST T. Rowe Price Large-Cap Value Portfolio			AST High Yield Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	929,051			397,696			2,736,343			224,568			411,974
NET INVESTMENT INCOME (LOSS)	(929,051		)	(397,696		)	(2,736,343		)	(224,568		)	(411,974		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,684,789			1,297,466			7,017,349			544,974			1,235,809
Net change in unrealized appreciation (depreciation) on investments	(7,627,291		)	(2,552,968		)	(15,639,282		)	(2,042,530		)	(1,799,590		)
NET GAIN (LOSS) ON INVESTMENTS	(4,942,502		)	(1,255,502		)	(8,621,933		)	(1,497,556		)	(563,781		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(5,871,553	)	$	(1,653,198	)	$	(11,358,276	)	$	(1,722,124	)	$	(975,755	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Small-Cap Growth Opportunities Portfolio		AST WEDGE Capital Mid-Cap Value Portfolio		AST Small-Cap Value Portfolio		AST Goldman Sachs Mid-Cap Growth Portfolio		AST Hotchkis & Wiley Large-Cap Value Portfolio
ASSETS
Investment in the portfolios, at fair value	$	14,871,379	$	7,800,185	$	12,086,301	$	54,320,999	$	30,540,662
Net Assets	$	14,871,379	$	7,800,185	$	12,086,301	$	54,320,999	$	30,540,662

NET ASSETS, representing:
Accumulation units	$	14,871,379	$	7,800,185	$	12,086,301	$	54,320,999	$	30,540,662
	$	14,871,379	$	7,800,185	$	12,086,301	$	54,320,999	$	30,540,662

Units outstanding	772,368		437,242		707,790		2,749,901		1,743,492

Portfolio shares held	841,141		362,462		508,897		6,022,284		1,195,797
Portfolio net asset value per share	$	17.68	$	21.52	$	23.75	$	9.02	$	25.54
Investment in portfolio shares, at cost	$	12,302,406	$	6,445,572	$	11,385,955	$	43,869,726	$	26,019,833

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Small-Cap Growth Opportunities Portfolio			AST WEDGE Capital Mid-Cap Value Portfolio			AST Small-Cap Value Portfolio			AST Goldman Sachs Mid-Cap Growth Portfolio			AST Hotchkis & Wiley Large-Cap Value Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	301,941			154,233			239,315			982,247			514,466
NET INVESTMENT INCOME (LOSS)	(301,941		)	(154,233		)	(239,315		)	(982,247		)	(514,466		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,553,348			698,986			1,121,881			4,140,084			2,197,916
Net change in unrealized appreciation (depreciation) on investments	(4,290,839		)	(2,295,588		)	(3,663,362		)	(6,521,972		)	(7,375,571		)
NET GAIN (LOSS) ON INVESTMENTS	(1,737,491		)	(1,596,602		)	(2,541,481		)	(2,381,888		)	(5,177,655		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(2,039,432	)	$	(1,750,835	)	$	(2,780,796	)	$	(3,364,135	)	$	(5,692,121	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Lord Abbett Core Fixed Income Portfolio		AST Loomis Sayles Large-Cap Growth Portfolio		AST MFS Growth Portfolio		AST Neuberger Berman/LSV Mid-Cap Value Portfolio		AST BlackRock Low Duration Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	—	$	46,002,028	$	17,359,043	$	27,100,696	$	20,602,742
Net Assets	$	—	$	46,002,028	$	17,359,043	$	27,100,696	$	20,602,742

NET ASSETS, representing:
Accumulation units	$	—	$	46,002,028	$	17,359,043	$	27,100,696	$	20,602,742
	$	—	$	46,002,028	$	17,359,043	$	27,100,696	$	20,602,742

Units outstanding	—		1,915,488		763,496		1,469,914		2,033,398

Portfolio shares held	—		947,909		716,724		929,061		1,904,135
Portfolio net asset value per share	$	—	$	48.53	$	24.22	$	29.17	$	10.82
Investment in portfolio shares, at cost	$	—	$	29,909,453	$	13,099,908	$	23,742,752	$	20,175,209

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Lord Abbett Core Fixed Income Portfolio			AST Loomis Sayles Large-Cap Growth Portfolio			AST MFS Growth Portfolio			AST Neuberger Berman/LSV Mid-Cap Value Portfolio			AST BlackRock Low Duration Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	9/14/2018**			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	508,862			880,069			286,659			514,425			279,093
NET INVESTMENT INCOME (LOSS)	(508,862		)	(880,069		)	(286,659		)	(514,425		)	(279,093		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,396,852			7,206,197			2,436,518			2,331,117			88,438
Net change in unrealized appreciation (depreciation) on investments	(3,266,741		)	(8,156,163		)	(2,216,756		)	(7,877,525		)	67,806
NET GAIN (LOSS) ON INVESTMENTS	(869,889		)	(949,966		)	219,762			(5,546,408		)	156,244

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,378,751	)	$	(1,830,035	)	$	(66,897	)	$	(6,060,833	)	$	(122,849	)

**Date subaccount was no longer available for investment.

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST QMA US Equity Alpha 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
ASSETS
Investment in the portfolios, at fair value	$	26,070,435	$	20,245,767	$	1,037,326,664	$	30,215,160	$	21,141,538
Net Assets	$	26,070,435	$	20,245,767	$	1,037,326,664	$	30,215,160	$	21,141,538

NET ASSETS, representing:
Accumulation units	$	26,070,435	$	20,245,767	$	1,037,326,664	$	30,215,160	$	21,141,538
	$	26,070,435	$	20,245,767	$	1,037,326,664	$	30,215,160	$	21,141,538

Units outstanding	1,138,228		2,264,362		68,595,679		1,709,504		1,837,554

Portfolio shares held	929,759		1,050,637		37,408,102		1,627,972		831,689
Portfolio net asset value per share	$	28.04	$	19.27	$	27.73	$	18.56	$	25.42
Investment in portfolio shares, at cost	$	21,770,470	$	21,146,590	$	787,196,083	$	24,858,716	$	20,149,837

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST QMA US Equity Alpha 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
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	400,814			413,432			18,599,856			515,779			433,749
NET INVESTMENT INCOME (LOSS)	(400,814		)	(413,432		)	(18,599,856		)	(515,779		)	(433,749		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,997,000			821,475			40,788,953			1,809,461			1,075,166
Net change in unrealized appreciation (depreciation) on investments	(4,437,680		)	(5,148,853		)	(101,507,442		)	(5,116,272		)	(5,935,504		)
NET GAIN (LOSS) ON INVESTMENTS	(2,440,680		)	(4,327,378		)	(60,718,489		)	(3,306,811		)	(4,860,338		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(2,841,494	)	$	(4,740,810	)	$	(79,318,345	)	$	(3,822,590	)	$	(5,294,087	)

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Templeton Global Bond 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	$	14,210,012	$	122,381,662	$	621,581,930	$	222,318,463	$	667,892,222
Net Assets	$	14,210,012	$	122,381,662	$	621,581,930	$	222,318,463	$	667,892,222

NET ASSETS, representing:
Accumulation units	$	14,210,012	$	122,381,662	$	621,581,930	$	222,318,463	$	667,892,222
	$	14,210,012	$	122,381,662	$	621,581,930	$	222,318,463	$	667,892,222

Units outstanding	1,383,930		9,607,346		40,024,703		18,240,805		44,994,875

Portfolio shares held	1,266,489		8,469,319		34,920,333		16,005,649		38,944,153
Portfolio net asset value per share	$	11.22	$	14.45	$	17.80	$	13.89	$	17.15
Investment in portfolio shares, at cost	$	13,728,569	$	102,273,465	$	463,256,397	$	189,644,668	$	481,875,284

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Templeton Global Bond Portfolio			AST Wellington Management Hedged Equity Portfolio			AST Capital Growth Asset Allocation Portfolio			AST Academic Strategies Asset Allocation Portfolio			AST Balanced Asset Allocation Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	209,225			2,258,923			11,849,944			4,848,695			12,133,885
NET INVESTMENT INCOME (LOSS)	(209,225		)	(2,258,923		)	(11,849,944		)	(4,848,695		)	(12,133,885		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	119,255			4,586,128			32,690,940			16,585,524			33,411,809
Net change in unrealized appreciation (depreciation) on investments	186,105			(11,504,305		)	(76,746,824		)	(39,067,826		)	(68,999,841		)
NET GAIN (LOSS) ON INVESTMENTS	305,360			(6,918,177		)	(44,055,884		)	(22,482,302		)	(35,588,032		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	96,135		$	(9,177,100	)	$	(55,905,828	)	$	(27,330,997	)	$	(47,721,917	)

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, 2018



	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio		AST Fidelity Institutional AM℠ Quantitative Portfolio		AST Prudential Growth Allocation Portfolio		AST Advanced Strategies Portfolio		AST T. Rowe Price Large-Cap Growth Portfolio
ASSETS
Investment in the portfolios, at fair value	$	433,758,975	$	335,136,023	$	981,859,311	$	567,374,679	$	84,916,872
Net Assets	$	433,758,975	$	335,136,023	$	981,859,311	$	567,374,679	$	84,916,872

NET ASSETS, representing:
Accumulation units	$	433,758,975	$	335,136,023	$	981,859,311	$	567,374,679	$	84,916,872
	$	433,758,975	$	335,136,023	$	981,859,311	$	567,374,679	$	84,916,872

Units outstanding	32,523,557		25,093,495		64,493,332		37,242,549		3,096,538

Portfolio shares held	27,557,749		24,462,483		64,048,226		31,964,771		2,359,457
Portfolio net asset value per share	$	15.74	$	13.70	$	15.33	$	17.75	$	35.99
Investment in portfolio shares, at cost	$	347,811,389	$	267,885,363	$	864,220,953	$	411,395,805	$	57,502,656

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio			AST Fidelity Institutional AM℠ Quantitative Portfolio			AST Prudential Growth Allocation Portfolio			AST Advanced Strategies Portfolio			AST T. Rowe Price Large-Cap Growth Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	7,785,466			6,330,610			19,166,600			10,381,300			1,408,764
NET INVESTMENT INCOME (LOSS)	(7,785,466		)	(6,330,610		)	(19,166,600		)	(10,381,300		)	(1,408,764		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	19,137,617			14,111,788			35,769,549			29,741,673			9,703,670
Net change in unrealized appreciation (depreciation) on investments	(32,233,216		)	(44,354,938		)	(123,151,125		)	(66,509,751		)	(6,319,003		)
NET GAIN (LOSS) ON INVESTMENTS	(13,095,599		)	(30,243,150		)	(87,381,576		)	(36,768,078		)	3,384,667

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(20,881,065	)	$	(36,573,760	)	$	(106,548,176	)	$	(47,149,378	)	$	1,975,903

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, 2018



	SUBACCOUNTS
	AST Government Money Market Portfolio		AST Small-Cap Growth Portfolio		AST BlackRock/Loomis Sayles Bond Portfolio		AST International Value Portfolio		AST International Growth Portfolio
ASSETS
Investment in the portfolios, at fair value	$	26,432,011	$	22,086,767	$	171,480,455	$	11,238,647	$	19,290,908
Net Assets	$	26,432,011	$	22,086,767	$	171,480,455	$	11,238,647	$	19,290,908

NET ASSETS, representing:
Accumulation units	$	26,432,011	$	22,086,767	$	171,480,455	$	11,238,647	$	19,290,908
	$	26,432,011	$	22,086,767	$	171,480,455	$	11,238,647	$	19,290,908

Units outstanding	2,871,150		1,038,246		15,038,927		1,023,641		1,475,982

Portfolio shares held	26,432,011		541,741		12,655,384		628,560		1,241,371
Portfolio net asset value per share	$	1.00	$	40.77	$	13.55	$	17.88	$	15.54
Investment in portfolio shares, at cost	$	26,432,011	$	18,156,165	$	159,348,184	$	11,249,678	$	17,630,339

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Government Money Market Portfolio			AST Small-Cap Growth Portfolio			AST BlackRock/Loomis Sayles Bond Portfolio			AST International Value Portfolio			AST International Growth Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	293,018		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	293,440			401,469			3,062,167			187,676			293,925
NET INVESTMENT INCOME (LOSS)	(422		)	(401,469		)	(3,062,167		)	(187,676		)	(293,925		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	—			2,810,206			3,029,049			395,498			906,146
Net change in unrealized appreciation (depreciation) on investments	—			(4,853,114		)	(4,649,536		)	(2,681,101		)	(3,951,364		)
NET GAIN (LOSS) ON INVESTMENTS	—			(2,042,908		)	(1,620,487		)	(2,285,603		)	(3,045,218		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(422	)	$	(2,444,377	)	$	(4,682,654	)	$	(2,473,279	)	$	(3,339,143	)

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, 2018



	SUBACCOUNTS
	AST Investment Grade Bond Portfolio		AST Western Asset Core Plus Bond Portfolio		AST Bond Portfolio 2018		AST Bond Portfolio 2019		AST Global Real Estate Portfolio
ASSETS
Investment in the portfolios, at fair value	$	611,858,761	$	114,485,712	$	—	$	14,970,958	$	6,998,536
Net Assets	$	611,858,761	$	114,485,712	$	—	$	14,970,958	$	6,998,536

NET ASSETS, representing:
Accumulation units	$	611,858,761	$	114,485,712	$	—	$	14,970,958	$	6,998,536
	$	611,858,761	$	114,485,712	$	—	$	14,970,958	$	6,998,536

Units outstanding	50,427,163		9,301,442		—		1,337,975		475,857

Portfolio shares held	81,799,300		9,144,226		—		1,403,089		586,142
Portfolio net asset value per share	$	7.48	$	12.52	$	—	$	10.67	$	11.94
Investment in portfolio shares, at cost	$	604,467,210	$	109,198,604	$	—	$	14,865,664	$	6,220,818

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Investment Grade Bond Portfolio			AST Western Asset Core Plus Bond Portfolio			AST Bond Portfolio 2018			AST Bond Portfolio 2019			AST Global Real Estate Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018**			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	2,876,790			1,370,549			179,388			183,717			127,640
NET INVESTMENT INCOME (LOSS)	(2,876,790		)	(1,370,549		)	(179,388		)	(183,717		)	(127,640		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	632,817			1,267,418			529,683			13,540			333,396
Net change in unrealized appreciation (depreciation) on investments	5,247,027			(2,677,961		)	(473,893		)	76,860			(716,491		)
NET GAIN (LOSS) ON INVESTMENTS	5,879,844			(1,410,543		)	55,790			90,400			(383,095		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	3,003,054		$	(2,781,092	)	$	(123,598	)	$	(93,317	)	$	(510,735	)

**Date subaccount was no longer available for investment.

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

A13

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Parametric Emerging Markets Equity Portfolio		AST Goldman Sachs Small-Cap Value Portfolio		AST RCM World Trends Portfolio		AST J.P. Morgan Global Thematic Portfolio		AST Goldman Sachs Multi-Asset Portfolio
ASSETS
Investment in the portfolios, at fair value	$	19,786,281	$	26,492,992	$	350,823,780	$	190,855,496	$	179,186,503
Net Assets	$	19,786,281	$	26,492,992	$	350,823,780	$	190,855,496	$	179,186,503

NET ASSETS, representing:
Accumulation units	$	19,786,281	$	26,492,992	$	350,823,780	$	190,855,496	$	179,186,503
	$	19,786,281	$	26,492,992	$	350,823,780	$	190,855,496	$	179,186,503

Units outstanding	2,113,540		1,371,403		27,003,521		13,553,914		14,915,693

Portfolio shares held	2,276,902		1,298,040		25,948,504		12,656,200		13,605,657
Portfolio net asset value per share	$	8.69	$	20.41	$	13.52	$	15.08	$	13.17
Investment in portfolio shares, at cost	$	19,447,751	$	22,146,084	$	287,595,816	$	155,760,952	$	159,831,299

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Parametric Emerging Markets Equity Portfolio			AST Goldman Sachs Small-Cap Value Portfolio			AST RCM World Trends Portfolio			AST J.P. Morgan Global Thematic Portfolio			AST Goldman Sachs Multi-Asset Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	402,075			503,514			6,505,092			3,504,851			3,426,169
NET INVESTMENT INCOME (LOSS)	(402,075		)	(503,514		)	(6,505,092		)	(3,504,851		)	(3,426,169		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,003,085			2,401,570			14,709,558			7,045,833			7,900,010
Net change in unrealized appreciation (depreciation) on investments	(4,693,599		)	(6,839,065		)	(47,683,361		)	(23,728,031		)	(23,504,207		)
NET GAIN (LOSS) ON INVESTMENTS	(3,690,514		)	(4,437,495		)	(32,973,803		)	(16,682,198		)	(15,604,197		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,092,589	)	$	(4,941,009	)	$	(39,478,895	)	$	(20,187,049	)	$	(19,030,366	)

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, 2018



	SUBACCOUNTS
	ProFund VP Consumer Services		ProFund VP Consumer Goods		ProFund VP Financials		ProFund VP Health Care		ProFund VP Industrials
ASSETS
Investment in the portfolios, at fair value	$	272,441	$	100,974	$	311,220	$	215,986	$	431,553
Net Assets	$	272,441	$	100,974	$	311,220	$	215,986	$	431,553

NET ASSETS, representing:
Accumulation units	$	272,441	$	100,974	$	311,220	$	215,986	$	431,553
	$	272,441	$	100,974	$	311,220	$	215,986	$	431,553

Units outstanding	10,696		6,026		26,264		8,520		26,594

Portfolio shares held	3,917		2,187		8,324		3,007		5,936
Portfolio net asset value per share	$	69.55	$	46.16	$	37.39	$	71.82	$	72.70
Investment in portfolio shares, at cost	$	217,236	$	111,951	$	216,086	$	154,425	$	401,335

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	ProFund VP Consumer Services			ProFund VP Consumer Goods			ProFund VP Financials			ProFund VP Health Care			ProFund VP Industrials
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	1,606		$	1,342		$	—		$	597

EXPENSES
Charges for mortality and expense risk,
and for administration	3,883			1,978			4,845			3,330			8,117
NET INVESTMENT INCOME (LOSS)	(3,883		)	(372		)	(3,503		)	(3,330		)	(7,520		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	13,425			23,004			—			15,506			—
Net realized gain (loss) on shares redeemed	20,211			3,226			18,697			18,129			26,080
Net change in unrealized appreciation (depreciation) on investments	(33,920		)	(47,399		)	(56,512		)	(21,308		)	(90,066		)
NET GAIN (LOSS) ON INVESTMENTS	(284		)	(21,169		)	(37,815		)	12,327			(63,986		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,167	)	$	(21,541	)	$	(41,318	)	$	8,997		$	(71,506	)

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, 2018



	SUBACCOUNTS
	ProFund VP Mid-Cap Growth		ProFund VP Mid-Cap Value		ProFund VP Real Estate		ProFund VP Small-Cap Growth		ProFund VP Small-Cap Value
ASSETS
Investment in the portfolios, at fair value	$	195,091	$	215,439	$	118,165	$	173,535	$	154,240
Net Assets	$	195,091	$	215,439	$	118,165	$	173,535	$	154,240

NET ASSETS, representing:
Accumulation units	$	195,091	$	215,439	$	118,165	$	173,535	$	154,240
	$	195,091	$	215,439	$	118,165	$	173,535	$	154,240

Units outstanding	11,255		13,737		9,378		8,799		9,396

Portfolio shares held	5,066		6,112		2,168		5,023		3,884
Portfolio net asset value per share	$	38.51	$	35.25	$	54.51	$	34.55	$	39.71
Investment in portfolio shares, at cost	$	221,132	$	254,562	$	118,521	$	184,839	$	184,498

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	ProFund VP Mid-Cap Growth			ProFund VP Mid-Cap Value			ProFund VP Real Estate			ProFund VP Small-Cap Growth			ProFund VP Small-Cap Value
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	238		$	2,737		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	4,263			3,435			1,894			2,854			1,352
NET INVESTMENT INCOME (LOSS)	(4,263		)	(3,197		)	843			(2,854		)	(1,352		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	24,557			29,913			14,687			13,319			7,800
Net realized gain (loss) on shares redeemed	1,787			(764		)	1,984			6,375			108
Net change in unrealized appreciation (depreciation) on investments	(53,233		)	(63,615		)	(26,509		)	(27,590		)	(36,835		)
NET GAIN (LOSS) ON INVESTMENTS	(26,889		)	(34,466		)	(9,838		)	(7,896		)	(28,927		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(31,152	)	$	(37,663	)	$	(8,995	)	$	(10,750	)	$	(30,279	)

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, 2018



	SUBACCOUNTS
	ProFund VP Telecommu-nications		ProFund VP Utilities		ProFund VP Large-Cap Growth		ProFund VP Large-Cap Value		AST Bond Portfolio 2020
ASSETS
Investment in the portfolios, at fair value	$	34,964	$	71,585	$	172,322	$	123,798	$	1,489,733
Net Assets	$	34,964	$	71,585	$	172,322	$	123,798	$	1,489,733

NET ASSETS, representing:
Accumulation units	$	34,964	$	71,585	$	172,322	$	123,798	$	1,489,733
	$	34,964	$	71,585	$	172,322	$	123,798	$	1,489,733

Units outstanding	3,272		4,763		8,822		9,317		128,055

Portfolio shares held	1,230		1,615		2,650		2,996		217,162
Portfolio net asset value per share	$	28.42	$	44.33	$	65.02	$	41.32	$	6.86
Investment in portfolio shares, at cost	$	39,758	$	65,134	$	159,279	$	119,701	$	1,447,318

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	ProFund VP Telecommu-nications			ProFund VP Utilities			ProFund VP Large-Cap Growth			ProFund VP Large-Cap Value			AST Bond Portfolio 2020
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	2,468		$	1,488		$	—		$	1,331		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	627			1,086			3,011			2,328			27,861
NET INVESTMENT INCOME (LOSS)	1,841			402			(3,011		)	(997		)	(27,861		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			2,243			8,692			—			—
Net realized gain (loss) on shares redeemed	(146		)	3,115			5,957			3,424			8,804
Net change in unrealized appreciation (depreciation) on investments	(8,704		)	(5,390		)	(16,737		)	(20,176		)	(2,828		)
NET GAIN (LOSS) ON INVESTMENTS	(8,850		)	(32		)	(2,088		)	(16,752		)	5,976

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(7,009	)	$	370		$	(5,099	)	$	(17,749	)	$	(21,885	)

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, 2018



	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio		AST Bond Portfolio 2017		AST Bond Portfolio 2021		Wells Fargo VT International Equity Fund (Class 1)		Wells Fargo VT Omega Growth Fund (Class 1)
ASSETS
Investment in the portfolios, at fair value	$	24,467,381	$	—	$	5,937,846	$	39,363	$	413,598
Net Assets	$	24,467,381	$	—	$	5,937,846	$	39,363	$	413,598

NET ASSETS, representing:
Accumulation units	$	24,467,381	$	—	$	5,937,846	$	39,363	$	413,598
	$	24,467,381	$	—	$	5,937,846	$	39,363	$	413,598

Units outstanding	1,076,927		—		496,283		2,550		104,602

Portfolio shares held	800,896		—		401,206		13,812		15,744
Portfolio net asset value per share	$	30.55	$	—	$	14.80	$	2.85	$	26.27
Investment in portfolio shares, at cost	$	19,692,167	$	—	$	5,725,469	$	56,622	$	359,087

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio			AST Bond Portfolio 2017			AST Bond Portfolio 2021			Wells Fargo VT International Equity Fund (Class 1)			Wells Fargo VT Omega Growth Fund (Class 1)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			1/2/2018**			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	5,089		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	394,048			77			166,040			768			7,915
NET INVESTMENT INCOME (LOSS)	(394,048		)	(77		)	(166,040		)	4,321			(7,915		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			10,056			47,523
Net realized gain (loss) on shares redeemed	3,067,904			8,260			116,822			82			3,564
Net change in unrealized appreciation (depreciation) on investments	(3,601,881		)	(8,405		)	(129,831		)	(22,969		)	(47,694		)
NET GAIN (LOSS) ON INVESTMENTS	(533,977		)	(145		)	(13,009		)	(12,831		)	3,393

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(928,025	)	$	(222	)	$	(179,049	)	$	(8,510	)	$	(4,522	)

**Date subaccount was no longer available for investment.

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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2022		AST Quantitative Modeling Portfolio		AST BlackRock Global Strategies Portfolio		Wells Fargo VT Opportunity Fund (Class 1)		AST Prudential Core Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	4,816,359	$	52,994,061	$	133,698,494	$	127,126	$	28,279,964
Net Assets	$	4,816,359	$	52,994,061	$	133,698,494	$	127,126	$	28,279,964

NET ASSETS, representing:
Accumulation units	$	4,816,359	$	52,994,061	$	133,698,494	$	127,126	$	28,279,964
	$	4,816,359	$	52,994,061	$	133,698,494	$	127,126	$	28,279,964

Units outstanding	429,009		3,831,913		11,402,260		6,496		2,550,988

Portfolio shares held	354,666		3,394,879		10,067,658		5,586		2,318,030
Portfolio net asset value per share	$	13.58	$	15.61	$	13.28	$	22.76	$	12.20
Investment in portfolio shares, at cost	$	4,662,238	$	50,693,352	$	112,901,900	$	109,130	$	27,009,848

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2022			AST Quantitative Modeling Portfolio			AST BlackRock Global Strategies Portfolio			Wells Fargo VT Opportunity Fund (Class 1)			AST Prudential Core Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	631		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	118,086			353,042			2,398,362			2,541			324,991
NET INVESTMENT INCOME (LOSS)	(118,086		)	(353,042		)	(2,398,362		)	(1,910		)	(324,991		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			13,401			—
Net realized gain (loss) on shares redeemed	128,209			506,744			4,486,711			11,215			258,755
Net change in unrealized appreciation (depreciation) on investments	(169,947		)	(4,375,386		)	(12,537,710		)	(33,792		)	(446,808		)
NET GAIN (LOSS) ON INVESTMENTS	(41,738		)	(3,868,642		)	(8,050,999		)	(9,176		)	(188,053		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(159,824	)	$	(4,221,684	)	$	(10,449,361	)	$	(11,086	)	$	(513,044	)

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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2023		AST New Discovery Asset Allocation Portfolio		AST Western Asset Emerging Markets Debt Portfolio		AST MFS Large-Cap Value Portfolio		AST Bond Portfolio 2024
ASSETS
Investment in the portfolios, at fair value	$	1,089,668	$	51,311,221	$	728,451	$	14,199,039	$	4,128,575
Net Assets	$	1,089,668	$	51,311,221	$	728,451	$	14,199,039	$	4,128,575

NET ASSETS, representing:
Accumulation units	$	1,089,668	$	51,311,221	$	728,451	$	14,199,039	$	4,128,575
	$	1,089,668	$	51,311,221	$	728,451	$	14,199,039	$	4,128,575

Units outstanding	109,728		4,069,073		71,628		893,489		433,526

Portfolio shares held	95,837		3,616,013		68,463		786,215		381,922
Portfolio net asset value per share	$	11.37	$	14.19	$	10.64	$	18.06	$	10.81
Investment in portfolio shares, at cost	$	981,840	$	45,558,334	$	722,114	$	13,584,729	$	4,070,271

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2023			AST New Discovery Asset Allocation Portfolio			AST Western Asset Emerging Markets Debt Portfolio			AST MFS Large-Cap Value Portfolio			AST Bond Portfolio 2024
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	20,955			1,013,490			5,967			232,438			93,178
NET INVESTMENT INCOME (LOSS)	(20,955		)	(1,013,490		)	(5,967		)	(232,438		)	(93,178		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	(8,629		)	2,976,717			3,128			1,078,338			(40,626		)
Net change in unrealized appreciation (depreciation) on investments	38			(8,265,006		)	(55,677		)	(2,707,312		)	29,146
NET GAIN (LOSS) ON INVESTMENTS	(8,591		)	(5,288,289		)	(52,549		)	(1,628,974		)	(11,480		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(29,546	)	$	(6,301,779	)	$	(58,516	)	$	(1,861,412	)	$	(104,658	)

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, 2018



	SUBACCOUNTS
	AST AQR Emerging Markets Equity Portfolio		AST ClearBridge Dividend Growth Portfolio		AST Multi-Sector Fixed Income Portfolio		AST AQR Large-Cap Portfolio		AST QMA Large-Cap Portfolio
ASSETS
Investment in the portfolios, at fair value	$	2,366,208	$	11,691,077	$	1,436,313,558	$	1,755,485	$	1,196,829
Net Assets	$	2,366,208	$	11,691,077	$	1,436,313,558	$	1,755,485	$	1,196,829

NET ASSETS, representing:
Accumulation units	$	2,366,208	$	11,691,077	$	1,436,313,558	$	1,755,485	$	1,196,829
	$	2,366,208	$	11,691,077	$	1,436,313,558	$	1,755,485	$	1,196,829

Units outstanding	231,465		770,298		137,939,994		114,787		74,529

Portfolio shares held	227,739		696,312		123,288,717		104,307		69,301
Portfolio net asset value per share	$	10.39	$	16.79	$	11.65	$	16.83	$	17.27
Investment in portfolio shares, at cost	$	2,529,921	$	10,192,138	$	1,356,250,099	$	1,620,783	$	1,094,746

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST AQR Emerging Markets Equity Portfolio			AST ClearBridge Dividend Growth Portfolio			AST Multi-Sector Fixed Income Portfolio			AST AQR Large-Cap Portfolio			AST QMA Large-Cap Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	23,291			217,399			25,426,919			14,834			11,869
NET INVESTMENT INCOME (LOSS)	(23,291		)	(217,399		)	(25,426,919		)	(14,834		)	(11,869		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	37,574			887,773			599,523			48,118			28,327
Net change in unrealized appreciation (depreciation) on investments	(579,497		)	(1,504,994		)	(73,854,608		)	(193,615		)	(125,536		)
NET GAIN (LOSS) ON INVESTMENTS	(541,923		)	(617,221		)	(73,255,085		)	(145,497		)	(97,209		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(565,214	)	$	(834,620	)	$	(98,682,004	)	$	(160,331	)	$	(109,078	)

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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2025		AST T. Rowe Price Growth Opportunities Portfolio		AST Goldman Sachs Global Growth Allocation Portfolio		AST T. Rowe Price Diversified Real Growth Portfolio		AST Prudential Flexible Multi-Strategy Portfolio
ASSETS
Investment in the portfolios, at fair value	$	2,469,134	$	128,786,261	$	4,088,516	$	6,667,991	$	12,900,004
Net Assets	$	2,469,134	$	128,786,261	$	4,088,516	$	6,667,991	$	12,900,004

NET ASSETS, representing:
Accumulation units	$	2,469,134	$	128,786,261	$	4,088,516	$	6,667,991	$	12,900,004
	$	2,469,134	$	128,786,261	$	4,088,516	$	6,667,991	$	12,900,004

Units outstanding	227,318		10,900,423		369,233		562,717		1,077,038

Portfolio shares held	203,054		10,140,651		359,272		542,996		1,036,978
Portfolio net asset value per share	$	12.16	$	12.70	$	11.38	$	12.28	$	12.44
Investment in portfolio shares, at cost	$	2,405,682	$	125,799,604	$	3,904,748	$	6,019,037	$	12,016,674

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2025			AST T. Rowe Price Growth Opportunities Portfolio			AST Goldman Sachs Global Growth Allocation Portfolio			AST T. Rowe Price Diversified Real Growth Portfolio			AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	35,224			2,098,447			27,174			45,549			77,828
NET INVESTMENT INCOME (LOSS)	(35,224		)	(2,098,447		)	(27,174		)	(45,549		)	(77,828		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	(6,206		)	1,204,393			54,923			108,264			144,242
Net change in unrealized appreciation (depreciation) on investments	57,018			(14,991,878		)	(483,093		)	(624,380		)	(1,042,930		)
NET GAIN (LOSS) ON INVESTMENTS	50,812			(13,787,485		)	(428,170		)	(516,116		)	(898,688		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	15,588		$	(15,885,932	)	$	(455,344	)	$	(561,665	)	$	(976,516	)

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, 2018



	SUBACCOUNTS
	AST BlackRock Multi-Asset Income Portfolio		AST Franklin Templeton K2 Global Absolute Return Portfolio		AST Managed Equity Portfolio		AST Managed Fixed Income Portfolio		AST FQ Absolute Return Currency Portfolio
ASSETS
Investment in the portfolios, at fair value	$	—	$	2,844,635	$	3,053,896	$	5,965,925	$	486,064
Net Assets	$	—	$	2,844,635	$	3,053,896	$	5,965,925	$	486,064

NET ASSETS, representing:
Accumulation units	$	—	$	2,844,635	$	3,053,896	$	5,965,925	$	486,064
	$	—	$	2,844,635	$	3,053,896	$	5,965,925	$	486,064

Units outstanding	—		297,180		268,817		580,670		50,898

Portfolio shares held	—		291,757		261,240		564,421		50,110
Portfolio net asset value per share	$	—	$	9.75	$	11.69	$	10.57	$	9.70
Investment in portfolio shares, at cost	$	—	$	2,825,716	$	2,991,567	$	5,808,875	$	497,144

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST BlackRock Multi-Asset Income Portfolio			AST Franklin Templeton K2 Global Absolute Return Portfolio			AST Managed Equity Portfolio			AST Managed Fixed Income Portfolio			AST FQ Absolute Return Currency Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	4/27/2018**			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	12,951			17,565			21,987			36,419			2,867
NET INVESTMENT INCOME (LOSS)	(12,951		)	(17,565		)	(21,987		)	(36,419		)	(2,867		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	475,272			25,877			147,127			13,025			(791		)
Net change in unrealized appreciation (depreciation) on investments	(542,405		)	(190,877		)	(569,403		)	(54,415		)	(27,085		)
NET GAIN (LOSS) ON INVESTMENTS	(67,133		)	(165,000		)	(422,276		)	(41,390		)	(27,876		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(80,084	)	$	(182,565	)	$	(444,263	)	$	(77,809	)	$	(30,743	)

**Date subaccount was no longer available for investment.

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

A23

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2018



	SUBACCOUNTS
	AST Jennison Global Infrastructure Portfolio		AST PIMCO Dynamic Bond Portfolio		AST Legg Mason Diversified Growth Portfolio		AST Bond Portfolio 2026		AST AB Global Bond Portfolio
ASSETS
Investment in the portfolios, at fair value	$	1,644,977	$	1,085,236	$	35,438,213	$	17,163,806	$	1,820,521
Net Assets	$	1,644,977	$	1,085,236	$	35,438,213	$	17,163,806	$	1,820,521

NET ASSETS, representing:
Accumulation units	$	1,644,977	$	1,085,236	$	35,438,213	$	17,163,806	$	1,820,521
	$	1,644,977	$	1,085,236	$	35,438,213	$	17,163,806	$	1,820,521

Units outstanding	153,369		114,622		3,257,536		1,787,719		170,573

Portfolio shares held	149,408		113,163		3,065,589		1,639,332		166,867
Portfolio net asset value per share	$	11.01	$	9.59	$	11.56	$	10.47	$	10.91
Investment in portfolio shares, at cost	$	1,590,080	$	1,086,966	$	34,299,933	$	17,025,890	$	1,767,332

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Jennison Global Infrastructure Portfolio			AST PIMCO Dynamic Bond Portfolio			AST Legg Mason Diversified Growth Portfolio			AST Bond Portfolio 2026			AST AB Global Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	10,106			5,404			610,917			388,628			10,463
NET INVESTMENT INCOME (LOSS)	(10,106		)	(5,404		)	(610,917		)	(388,628		)	(10,463		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	15,960			417			364,150			(248,897		)	9,546
Net change in unrealized appreciation (depreciation) on investments	(162,090		)	(2,865		)	(3,358,543		)	180,414			(1,443		)
NET GAIN (LOSS) ON INVESTMENTS	(146,130		)	(2,448		)	(2,994,393		)	(68,483		)	8,103

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(156,236	)	$	(7,852	)	$	(3,605,310	)	$	(457,111	)	$	(2,360	)

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, 2018



	SUBACCOUNTS
	AST Goldman Sachs Global Income Portfolio		AST Morgan Stanley Multi-Asset Portfolio		AST Wellington Management Global Bond Portfolio		AST Neuberger Berman Long/Short Portfolio		AST Wellington Management Real Total Return Portfolio
ASSETS
Investment in the portfolios, at fair value	$	506,286	$	362,869	$	696,752	$	1,804,324	$	366,713
Net Assets	$	506,286	$	362,869	$	696,752	$	1,804,324	$	366,713

NET ASSETS, representing:
Accumulation units	$	506,286	$	362,869	$	696,752	$	1,804,324	$	366,713
	$	506,286	$	362,869	$	696,752	$	1,804,324	$	366,713

Units outstanding	48,784		40,457		64,799		175,320		42,775

Portfolio shares held	47,405		39,701		63,226		172,994		42,248
Portfolio net asset value per share	$	10.68	$	9.14	$	11.02	$	10.43	$	8.68
Investment in portfolio shares, at cost	$	499,135	$	363,331	$	663,070	$	1,840,072	$	384,825

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Goldman Sachs Global Income Portfolio			AST Morgan Stanley Multi-Asset Portfolio			AST Wellington Management Global Bond Portfolio			AST Neuberger Berman Long/Short Portfolio			AST Wellington Management Real Total Return Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	3,287			1,697			3,230			8,803			1,949
NET INVESTMENT INCOME (LOSS)	(3,287		)	(1,697		)	(3,230		)	(8,803		)	(1,949		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	253			(6		)	978			7,510			(71		)
Net change in unrealized appreciation (depreciation) on investments	(1,517		)	(1,185		)	20,673			(152,191		)	(20,086		)
NET GAIN (LOSS) ON INVESTMENTS	(1,264		)	(1,191		)	21,651			(144,681		)	(20,157		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(4,551	)	$	(2,888	)	$	18,421		$	(153,484	)	$	(22,106	)

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, 2018



	SUBACCOUNTS
	AST QMA International Core Equity Portfolio		AST Managed Alternatives Portfolio		AST Emerging Managers Diversified Portfolio		AST Columbia Adaptive Risk Allocation Portfolio		Blackrock Global Allocation V.I. Fund (Class III)
ASSETS
Investment in the portfolios, at fair value	$	885,649	$	1,932,941	$	776,709	$	1,506,385	$	5,279,973
Net Assets	$	885,649	$	1,932,941	$	776,709	$	1,506,385	$	5,279,973

NET ASSETS, representing:
Accumulation units	$	885,649	$	1,932,941	$	776,709	$	1,506,385	$	5,279,973
	$	885,649	$	1,932,941	$	776,709	$	1,506,385	$	5,279,973

Units outstanding	89,509		203,173		73,170		134,059		494,628

Portfolio shares held	82,005		199,684		72,118		131,792		407,720
Portfolio net asset value per share	$	10.80	$	9.68	$	10.77	$	11.43	$	12.95
Investment in portfolio shares, at cost	$	958,535	$	1,958,447	$	751,820	$	1,433,803	$	5,717,247

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST QMA International Core Equity Portfolio			AST Managed Alternatives Portfolio			AST Emerging Managers Diversified Portfolio			AST Columbia Adaptive Risk Allocation Portfolio			Blackrock Global Allocation V.I. Fund (Class III)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	—		$	—		$	50,800

EXPENSES
Charges for mortality and expense risk,
and for administration	5,639			10,931			5,263			8,319			37,948
NET INVESTMENT INCOME (LOSS)	(5,639		)	(10,931		)	(5,263		)	(8,319		)	12,852

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—			—			—			—			262,524
Net realized gain (loss) on shares redeemed	6,720			1,756			17,900			19,762			(50,633		)
Net change in unrealized appreciation (depreciation) on investments	(167,123		)	(65,284		)	(69,624		)	(95,975		)	(751,911		)
NET GAIN (LOSS) ON INVESTMENTS	(160,403		)	(63,528		)	(51,724		)	(76,213		)	(540,020		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(166,042	)	$	(74,459	)	$	(56,987	)	$	(84,532	)	$	(527,168	)

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, 2018



	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	$	2,159,456	$	12,857,120	$	378,177	$	4,900,737	$	149,942
Net Assets	$	2,159,456	$	12,857,120	$	378,177	$	4,900,737	$	149,942

NET ASSETS, representing:
Accumulation units	$	2,159,456	$	12,857,120	$	378,177	$	4,900,737	$	149,942
	$	2,159,456	$	12,857,120	$	378,177	$	4,900,737	$	149,942

Units outstanding	195,355		1,345,255		34,561		509,661		15,549

Portfolio shares held	214,232		1,260,502		34,224		489,584		15,238
Portfolio net asset value per share	$	10.08	$	10.20	$	11.05	$	10.01	$	9.84
Investment in portfolio shares, at cost	$	2,191,413	$	12,774,799	$	365,171	$	4,724,593	$	145,286

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	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
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/2/2018*
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

INVESTMENT INCOME
Dividend income	$	—		$	—		$	1,545		$	—		$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	12,125			295,812			7,205			83,630			626
NET INVESTMENT INCOME (LOSS)	(12,125		)	(295,812		)	(5,660		)	(83,630		)	(626		)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	3,191			—			—			—			—
Net realized gain (loss) on shares redeemed	4,095			(238,983		)	5,392			4,753			879
Net change in unrealized appreciation (depreciation) on investments	(106,226		)	151,240			(93,025		)	176,483			4,656
NET GAIN (LOSS) ON INVESTMENTS	(98,940		)	(87,743		)	(87,633		)	181,236			5,535

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(111,065	)	$	(383,555	)	$	(93,293	)	$	97,606		$	4,909

* Date subaccount became available for investment.

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, 2018



	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio
ASSETS
Investment in the portfolios, at fair value	$	23,479,499
Net Assets	$	23,479,499

NET ASSETS, representing:
Accumulation units	$	23,479,499
	$	23,479,499

Units outstanding	2,482,095

Portfolio shares held	2,458,586
Portfolio net asset value per share	$	9.55
Investment in portfolio shares, at cost	$	24,846,322

STATEMENTS OF OPERATIONS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio
	4/30/2018*
	to
	12/31/2018

INVESTMENT INCOME
Dividend income	$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	101,329
NET INVESTMENT INCOME (LOSS)	(101,329		)

NET REALIZED AND UNREALIZED GAIN
(LOSS) ON INVESTMENTS
Capital gains distributions received	—
Net realized gain (loss) on shares redeemed	(202,169		)
Net change in unrealized appreciation (depreciation) on investments	(1,366,823		)
NET GAIN (LOSS) ON INVESTMENTS	(1,568,992		)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	(1,670,321	)

* Date subaccount became available for investment.

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	Prudential Government Money Market Portfolio			Prudential Diversified Bond Portfolio			Prudential Equity Portfolio (Class I)			Prudential Value Portfolio (Class I)			Prudential High Yield Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	5,790		$	(200,576	)	$	(267,642	)	$	(328,607	)	$	193,723
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	—			334,832			1,752,163			2,053,752			(70,449		)
Net change in unrealized appreciation (depreciation) on investments	—			(392,846		)	(2,312,937		)	(3,911,475		)	(435,732		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	5,790			(258,590		)	(828,416		)	(2,186,330		)	(312,458		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	37,720			12,346			15,664			38,275			34,407
Annuity payments	(251,687		)	(259,170		)	(132,396		)	(130,837		)	(178,323		)
Surrenders, withdrawals and death benefits	(1,237,535		)	(1,811,848		)	(2,836,950		)	(4,825,490		)	(2,262,472		)
Net transfers between other subaccounts
or fixed rate option	208,203			116,806			(178,398		)	(82,645		)	147,406
Miscellaneous transactions	511			636			964			8,640			1,078
Other charges	(6,995		)	(4,103		)	(9,351		)	(21,254		)	(14,222		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,249,783		)	(1,945,333		)	(3,140,467		)	(5,013,311		)	(2,272,126		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,243,993		)	(2,203,923		)	(3,968,883		)	(7,199,641		)	(2,584,584		)

NET ASSETS
Beginning of period	7,457,427			15,603,387			19,207,350			24,414,007			14,230,117
End of period	$	6,213,434		$	13,399,464		$	15,238,467		$	17,214,366		$	11,645,533

Beginning units	6,350,227			5,696,899			5,154,163			6,701,694			3,034,797
Units issued	2,562,933			152,936			34,934			56,040			108,535
Units redeemed	(3,621,151		)	(877,573		)	(818,096		)	(1,297,070		)	(585,841		)
Ending units	5,292,009			4,972,262			4,371,001			5,460,664			2,557,491

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	Prudential Stock Index Portfolio			Prudential Global Portfolio			Prudential Jennison Portfolio (Class I)			Prudential Small Capitalization Stock Portfolio			T. Rowe Price International Stock Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(314,371	)	$	(72,604	)	$	(384,462	)	$	(66,738	)	$	(1,114	)
Capital gains distributions received	—			—			—			—			152,670
Net realized gain (loss) on shares redeemed	2,110,647			632,688			3,766,205			333,774			59,396
Net change in unrealized appreciation (depreciation) on investments	(3,150,736		)	(875,419		)	(3,372,091		)	(910,581		)	(459,641		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,354,460		)	(315,335		)	9,652			(643,545		)	(248,689		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,581,014			4,647			21,889			929,862			—
Annuity payments	(167,502		)	(4,954		)	(100,130		)	(9,553		)	(17,289		)
Surrenders, withdrawals and death benefits	(2,719,646		)	(1,292,431		)	(4,552,696		)	(479,182		)	(265,454		)
Net transfers between other subaccounts
or fixed rate option	153,801			(74,145		)	(620,543		)	677,678			76,056
Miscellaneous transactions	12,840			305			1,561			23			(23		)
Other charges	(15,899		)	(3,593		)	(16,730		)	(2,529		)	(284		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(155,392		)	(1,370,171		)	(5,266,649		)	1,116,299			(206,994		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,509,852		)	(1,685,506		)	(5,256,997		)	472,754			(455,683		)

NET ASSETS
Beginning of period	22,041,105			5,464,300			26,906,319			4,531,042			1,857,135
End of period	$	20,531,253		$	3,778,794		$	21,649,322		$	5,003,796		$	1,401,452

Beginning units	5,984,257			1,894,908			6,090,270			759,728			921,074
Units issued	963,795			11,424			45,180			167,754			35,763
Units redeemed	(1,488,318		)	(450,449		)	(1,083,910		)	(95,603		)	(135,266		)
Ending units	5,459,734			1,455,883			5,051,540			831,879			821,571

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)			Invesco V.I. Core Equity Fund (Series I)			Janus Henderson VIT Research Portfolio (Institutional Shares)			Janus Henderson VIT Overseas Portfolio (Institutional Shares)			MFS® Research Series (Initial Class)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	35,511		$	(38,425	)	$	(45,024	)	$	16,173		$	(10,216	)
Capital gains distributions received	531,896			463,817			246,626			—			165,789
Net realized gain (loss) on shares redeemed	215,257			243,385			223,531			(15,717		)	41,742
Net change in unrealized appreciation (depreciation) on investments	(1,415,449		)	(1,413,381		)	(567,506		)	(770,940		)	(269,811		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(632,785		)	(744,604		)	(142,373		)	(770,484		)	(72,496		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	3,103			15,508			8,667			9,544			—
Annuity payments	(339,224		)	(99,936		)	(46,448		)	(43,616		)	—
Surrenders, withdrawals and death benefits	(500,875		)	(754,516		)	(644,466		)	(341,124		)	(113,123		)
Net transfers between other subaccounts
or fixed rate option	658			14,707			(95,814		)	69,745			(13,960		)
Miscellaneous transactions	409			181			368			193			—
Other charges	(1,349		)	(1,973		)	(1,358		)	(1,484		)	(428		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(837,278		)	(826,029		)	(779,051		)	(306,742		)	(127,511		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,470,063		)	(1,570,633		)	(921,424		)	(1,077,226		)	(200,007		)

NET ASSETS
Beginning of period	6,738,586			7,854,400			5,355,135			5,067,025			1,461,745
End of period	$	5,268,523		$	6,283,767		$	4,433,711		$	3,989,799		$	1,261,738

Beginning units	1,671,518			2,558,949			1,625,103			1,420,966			422,911
Units issued	7,280			19,292			5,076			20,277			1,626
Units redeemed	(214,339		)	(287,011		)	(231,121		)	(106,379		)	(37,430		)
Ending units	1,464,459			2,291,230			1,399,058			1,334,864			387,107

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	MFS® Growth Series (Initial Class)			American Century VP Value Fund (Class I)			Franklin Small-Mid Cap Growth VIP Fund (Class 2)			Prudential Jennison 20/20 Focus Portfolio (Class I)			Davis Value Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(86,301	)	$	4,857		$	(38,926	)	$	(48,206	)	$	(11,361	)
Capital gains distributions received	425,417			125			310,796			—			268,600
Net realized gain (loss) on shares redeemed	734,323			78,102			(129,237		)	267,586			(20,975		)
Net change in unrealized appreciation (depreciation) on investments	(885,074		)	(279,234		)	(201,553		)	(413,543		)	(462,701		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	188,365			(196,150		)	(58,920		)	(194,163		)	(226,437		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,150			540			—			3,562			1,940
Annuity payments	(9,448		)	(2,971		)	(2,981		)	—			(99,945		)
Surrenders, withdrawals and death benefits	(1,292,286		)	(150,186		)	(1,054,117		)	(245,208		)	(260,680		)
Net transfers between other subaccounts
or fixed rate option	(62,687		)	(29,032		)	(5,782		)	(142,879		)	(97,772		)
Miscellaneous transactions	(57		)	1			176			(56		)	46
Other charges	(1,863		)	(436		)	(570		)	(552		)	(327		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,365,191		)	(182,084		)	(1,063,274		)	(385,133		)	(456,738		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,176,826		)	(378,234		)	(1,122,194		)	(579,296		)	(683,175		)

NET ASSETS
Beginning of period	6,726,596			2,054,898			2,990,116			3,500,479			1,989,858
End of period	$	5,549,770		$	1,676,664		$	1,867,922		$	2,921,183		$	1,306,683

Beginning units	1,743,915			525,052			909,525			1,058,086			935,097
Units issued	24,826			1,919			5,648			11,485			5,767
Units redeemed	(347,891		)	(48,818		)	(305,213		)	(124,333		)	(220,151		)
Ending units	1,420,850			478,153			609,960			945,238			720,713

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)			Prudential SP Small Cap Value Portfolio (Class I)			Janus Henderson VIT Research Portfolio (Service Shares)			SP Prudential U.S. Emerging Growth Portfolio (Class I)			Prudential SP International Growth Portfolio (Class I)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(9,944	)	$	(120,134	)	$	(5,807	)	$	(108,648	)	$	(30,358	)
Capital gains distributions received	83,955			—			22,885			—			—
Net realized gain (loss) on shares redeemed	157,180			512,674			21,053			577,432			69,217
Net change in unrealized appreciation (depreciation) on investments	(201,296		)	(1,500,664		)	(54,904		)	(1,035,654		)	(306,096		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	29,895			(1,108,124		)	(16,773		)	(566,870		)	(267,237		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			24,474			30			27,539			19,016
Annuity payments	—			(27,586		)	—			(62,878		)	(2,808		)
Surrenders, withdrawals and death benefits	(416,308		)	(742,356		)	(47,935		)	(845,354		)	(248,624		)
Net transfers between other subaccounts
or fixed rate option	(67,702		)	(84,692		)	(7,572		)	(94,686		)	21,106
Miscellaneous transactions	(25		)	(260		)	(1		)	571			65
Other charges	(82		)	(18,622		)	(820		)	(14,542		)	(3,090		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(484,117		)	(849,042		)	(56,298		)	(989,350		)	(214,335		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(454,222		)	(1,957,166		)	(73,071		)	(1,556,220		)	(481,572		)

NET ASSETS
Beginning of period	832,965			8,142,275			485,763			7,242,370			2,110,312
End of period	$	378,743		$	6,185,109		$	412,692		$	5,686,150		$	1,628,740

Beginning units	562,620			2,331,536			226,785			2,025,937			1,092,745
Units issued	3,281			14,466			2,912			14,130			28,475
Units redeemed	(312,358		)	(259,560		)	(27,687		)	(272,492		)	(156,571		)
Ending units	253,543			2,086,442			202,010			1,767,575			964,649

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Goldman Sachs Large-Cap Value Portfolio			AST Cohen & Steers Realty Portfolio			AST J.P. Morgan Strategic Opportunities Portfolio			AST T. Rowe Price Large-Cap Value Portfolio			AST High Yield Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(929,051	)	$	(397,696	)	$	(2,736,343	)	$	(224,568	)	$	(411,974	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,684,789			1,297,466			7,017,349			544,974			1,235,809
Net change in unrealized appreciation (depreciation) on investments	(7,627,291		)	(2,552,968		)	(15,639,282		)	(2,042,530		)	(1,799,590		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(5,871,553		)	(1,653,198		)	(11,358,276		)	(1,722,124		)	(975,755		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	912,183			1,764,053			5,870,866			1,279,091			3,071,136
Annuity payments	—			—			(46,436		)	—			—
Surrenders, withdrawals and death benefits	(4,141,587		)	(1,318,399		)	(9,321,382		)	(532,874		)	(1,890,633		)
Net transfers between other subaccounts
or fixed rate option	(7,239,185		)	(2,732,579		)	(13,706,786		)	892,425			(1,410,070		)
Miscellaneous transactions	269			(75		)	(2,034		)	(492		)	38
Other charges	(557,970		)	(230,931		)	(1,764,516		)	(131,522		)	(230,789		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(11,026,290		)	(2,517,931		)	(18,970,288		)	1,506,628			(460,318		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(16,897,843		)	(4,171,129		)	(30,328,564		)	(215,496		)	(1,436,073		)

NET ASSETS
Beginning of period	67,828,021			29,303,494			177,660,034			14,171,797			29,968,493
End of period	$	50,930,178		$	25,132,365		$	147,331,470		$	13,956,301		$	28,532,420

Beginning units	3,729,480			1,478,395			12,622,002			852,770			2,026,029
Units issued	237,649			281,269			842,538			246,392			458,140
Units redeemed	(850,084		)	(399,736		)	(2,205,920		)	(136,814		)	(486,704		)
Ending units	3,117,045			1,359,928			11,258,620			962,348			1,997,465

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Small-Cap Growth Opportunities Portfolio			AST WEDGE Capital Mid-Cap Value Portfolio			AST Small-Cap Value Portfolio			AST Goldman Sachs Mid-Cap Growth Portfolio			AST Hotchkis & Wiley Large-Cap Value Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(301,941	)	$	(154,233	)	$	(239,315	)	$	(982,247	)	$	(514,466	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,553,348			698,986			1,121,881			4,140,084			2,197,916
Net change in unrealized appreciation (depreciation) on investments	(4,290,839		)	(2,295,588		)	(3,663,362		)	(6,521,972		)	(7,375,571		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(2,039,432		)	(1,750,835		)	(2,780,796		)	(3,364,135		)	(5,692,121		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	959,063			166,770			615,878			1,915,247			1,280,702
Annuity payments	—			—			—			—			(46,837		)
Surrenders, withdrawals and death benefits	(2,103,996		)	(763,108		)	(1,037,315		)	(4,578,374		)	(1,769,900		)
Net transfers between other subaccounts
or fixed rate option	(1,081,160		)	(560,889		)	(1,422,383		)	(2,655,190		)	2,179,752
Miscellaneous transactions	1,071			(33		)	115			536			1,148
Other charges	(173,183		)	(84,023		)	(125,815		)	(554,281		)	(308,906		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,398,205		)	(1,241,283		)	(1,969,520		)	(5,872,062		)	1,335,959

TOTAL INCREASE (DECREASE) IN NET ASSETS	(4,437,637		)	(2,992,118		)	(4,750,316		)	(9,236,197		)	(4,356,162		)

NET ASSETS
Beginning of period	19,309,016			10,792,303			16,836,617			63,557,196			34,896,824
End of period	$	14,871,379		$	7,800,185		$	12,086,301		$	54,320,999		$	30,540,662

Beginning units	865,182			495,956			804,909			3,009,467			1,682,687
Units issued	245,031			52,805			147,741			443,819			416,022
Units redeemed	(337,845		)	(111,519		)	(244,860		)	(703,385		)	(355,217		)
Ending units	772,368			437,242			707,790			2,749,901			1,743,492

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Lord Abbett Core Fixed Income Portfolio			AST Loomis Sayles Large-Cap Growth Portfolio			AST MFS Growth Portfolio			AST Neuberger Berman/LSV Mid-Cap Value Portfolio			AST BlackRock Low Duration Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	9/14/2018**			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(508,862	)	$	(880,069	)	$	(286,659	)	$	(514,425	)	$	(279,093	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	2,396,852			7,206,197			2,436,518			2,331,117			88,438
Net change in unrealized appreciation (depreciation) on investments	(3,266,741		)	(8,156,163		)	(2,216,756		)	(7,877,525		)	67,806
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,378,751		)	(1,830,035		)	(66,897		)	(6,060,833		)	(122,849		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,753,634			671,799			937,042			1,418,486			1,834,899
Annuity payments	(28,073		)	(22,079		)	—			(2,758		)	—
Surrenders, withdrawals and death benefits	(2,223,577		)	(4,088,093		)	(894,693		)	(2,243,604		)	(1,792,366		)
Net transfers between other subaccounts
or fixed rate option	(51,754,577		)	(7,863,851		)	(86,872		)	(2,618,783		)	(347,884		)
Miscellaneous transactions	66			(307		)	312			1,354			54
Other charges	(342,833		)	(504,401		)	(160,725		)	(296,125		)	(152,803		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(52,595,360		)	(11,806,932		)	(204,936		)	(3,741,430		)	(458,100		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(53,974,111		)	(13,636,967		)	(271,833		)	(9,802,263		)	(580,949		)

NET ASSETS
Beginning of period	53,974,111			59,638,995			17,630,876			36,902,959			21,183,691
End of period	$	—		$	46,002,028		$	17,359,043		$	27,100,696		$	20,602,742

Beginning units	4,343,822			2,373,911			764,067			1,637,849			2,080,890
Units issued	468,556			230,797			321,614			219,279			478,643
Units redeemed	(4,812,378		)	(689,220		)	(322,185		)	(387,214		)	(526,135		)
Ending units	—			1,915,488			763,496			1,469,914			2,033,398

**Date subaccount was no longer available for investment.

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 CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST QMA US Equity Alpha 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
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(400,814	)	$	(413,432	)	$	(18,599,856	)	$	(515,779	)	$	(433,749	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,997,000			821,475			40,788,953			1,809,461			1,075,166
Net change in unrealized appreciation (depreciation) on investments	(4,437,680		)	(5,148,853		)	(101,507,442		)	(5,116,272		)	(5,935,504		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(2,841,494		)	(4,740,810		)	(79,318,345		)	(3,822,590		)	(5,294,087		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,551,917			647,062			42,649,462			1,159,107			135,036
Annuity payments	—			—			(235,309		)	—			—
Surrenders, withdrawals and death benefits	(1,165,757		)	(1,459,018		)	(64,488,580		)	(2,016,416		)	(2,039,682		)
Net transfers between other subaccounts
or fixed rate option	(77,154		)	(3,957,277		)	(55,228,069		)	(1,265,773		)	797,101
Miscellaneous transactions	78			2,459			347			721			416
Other charges	(232,193		)	(248,771		)	(12,576,197		)	(305,842		)	(253,197		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	76,891			(5,015,545		)	(89,878,346		)	(2,428,203		)	(1,360,326		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,764,603		)	(9,756,355		)	(169,196,691		)	(6,250,793		)	(6,654,413		)

NET ASSETS
Beginning of period	28,835,038			30,002,122			1,206,523,355			36,465,953			27,795,951
End of period	$	26,070,435		$	20,245,767		$	1,037,326,664		$	30,215,160		$	21,141,538

Beginning units	1,143,077			2,762,430			73,973,025			1,834,933			1,958,892
Units issued	278,968			363,783			3,329,545			240,953			428,187
Units redeemed	(283,817		)	(861,851		)	(8,706,891		)	(366,382		)	(549,525		)
Ending units	1,138,228			2,264,362			68,595,679			1,709,504			1,837,554

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

A37

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Templeton Global Bond Portfolio			AST Wellington Management Hedged Equity Portfolio			AST Capital Growth Asset Allocation Portfolio			AST Academic Strategies Asset Allocation Portfolio			AST Balanced Asset Allocation Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(209,225	)	$	(2,258,923	)	$	(11,849,944	)	$	(4,848,695	)	$	(12,133,885	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	119,255			4,586,128			32,690,940			16,585,524			33,411,809
Net change in unrealized appreciation (depreciation) on investments	186,105			(11,504,305		)	(76,746,824		)	(39,067,826		)	(68,999,841		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	96,135			(9,177,100		)	(55,905,828		)	(27,330,997		)	(47,721,917		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	691,714			8,402,534			37,131,459			3,686,334			30,700,524
Annuity payments	—			(19,293		)	(81,558		)	(83,492		)	(578,275		)
Surrenders, withdrawals and death benefits	(1,149,585		)	(6,923,019		)	(43,158,761		)	(18,321,312		)	(45,437,834		)
Net transfers between other subaccounts
or fixed rate option	(1,338,747		)	(11,039,496		)	(36,232,106		)	(50,578,154		)	(39,922,121		)
Miscellaneous transactions	(261		)	(2,274		)	3,529			1,345			17,973
Other charges	(140,397		)	(1,578,748		)	(7,052,339		)	(2,470,612		)	(7,328,160		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,937,276		)	(11,160,296		)	(49,389,776		)	(67,765,891		)	(62,547,893		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,841,141		)	(20,337,396		)	(105,295,604		)	(95,096,888		)	(110,269,810		)

NET ASSETS
Beginning of period	16,051,153			142,719,058			726,877,534			317,415,351			778,162,032
End of period	$	14,210,012		$	122,381,662		$	621,581,930		$	222,318,463		$	667,892,222

Beginning units	1,577,249			10,482,954			42,943,788			23,441,366			48,857,191
Units issued	243,789			839,442			4,011,079			1,502,401			2,598,086
Units redeemed	(437,108		)	(1,715,050		)	(6,930,164		)	(6,702,962		)	(6,460,402		)
Ending units	1,383,930			9,607,346			40,024,703			18,240,805			44,994,875

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

A38

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2018



	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio			AST Fidelity Institutional AM℠ Quantitative Portfolio			AST Prudential Growth Allocation Portfolio			AST Advanced Strategies Portfolio			AST T. Rowe Price Large-Cap Growth Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(7,785,466	)	$	(6,330,610	)	$	(19,166,600	)	$	(10,381,300	)	$	(1,408,764	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	19,137,617			14,111,788			35,769,549			29,741,673			9,703,670
Net change in unrealized appreciation (depreciation) on investments	(32,233,216		)	(44,354,938		)	(123,151,125		)	(66,509,751		)	(6,319,003		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(20,881,065		)	(36,573,760		)	(106,548,176		)	(47,149,378		)	1,975,903

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	21,347,852			14,823,756			27,884,716			18,910,313			5,789,853
Annuity payments	(81,618		)	(6,417		)	(138,927		)	(48,645		)	—
Surrenders, withdrawals and death benefits	(33,806,551		)	(19,893,702		)	(64,984,742		)	(40,608,772		)	(6,033,601		)
Net transfers between other subaccounts
or fixed rate option	(33,223,676		)	(29,639,346		)	(110,217,323		)	(37,242,325		)	(2,727,653		)
Miscellaneous transactions	(3,259		)	(8,623		)	5,779			(2,372		)	2,923
Other charges	(4,864,953		)	(4,222,034		)	(12,867,794		)	(6,965,721		)	(772,854		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(50,632,205		)	(38,946,366		)	(160,318,291		)	(65,957,522		)	(3,741,332		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(71,513,270		)	(75,520,126		)	(266,866,467		)	(113,106,900		)	(1,765,429		)

NET ASSETS
Beginning of period	505,272,245			410,656,149			1,248,725,778			680,481,579			86,682,301
End of period	$	433,758,975		$	335,136,023		$	981,859,311		$	567,374,679		$	84,916,872

Beginning units	36,076,003			27,846,464			74,416,651			41,197,022			3,187,695
Units issued	2,452,387			1,346,549			3,176,355			1,424,411			741,962
Units redeemed	(6,004,833		)	(4,099,518		)	(13,099,674		)	(5,378,884		)	(833,119		)
Ending units	32,523,557			25,093,495			64,493,332			37,242,549			3,096,538

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, 2018



	SUBACCOUNTS
	AST Government Money Market Portfolio			AST Small-Cap Growth Portfolio			AST BlackRock/Loomis Sayles Bond Portfolio			AST International Value Portfolio			AST International Growth Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(422	)	$	(401,469	)	$	(3,062,167	)	$	(187,676	)	$	(293,925	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	—			2,810,206			3,029,049			395,498			906,146
Net change in unrealized appreciation (depreciation) on investments	—			(4,853,114		)	(4,649,536		)	(2,681,101		)	(3,951,364		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(422		)	(2,444,377		)	(4,682,654		)	(2,473,279		)	(3,339,143		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,539,055			1,067,289			2,449,944			848,100			1,690,044
Annuity payments	—			—			(75,126		)	—			—
Surrenders, withdrawals and death benefits	(63,470,076		)	(1,826,650		)	(12,242,628		)	(1,062,625		)	(1,290,766		)
Net transfers between other subaccounts
or fixed rate option	69,750,550			126,369			(15,311,186		)	(93,691		)	1,205,950
Miscellaneous transactions	76			832			175			818			1,512
Other charges	(146,553		)	(213,725		)	(1,780,210		)	(103,902		)	(206,571		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	8,673,052			(845,885		)	(26,959,031		)	(411,300		)	1,400,169

TOTAL INCREASE (DECREASE) IN NET ASSETS	8,672,630			(3,290,262		)	(31,641,685		)	(2,884,579		)	(1,938,974		)

NET ASSETS
Beginning of period	17,759,381			25,377,029			203,122,140			14,123,226			21,229,882
End of period	$	26,432,011		$	22,086,767		$	171,480,455		$	11,238,647		$	19,290,908

Beginning units	1,958,472			1,070,361			17,408,451			1,066,618			1,387,880
Units issued	4,488,512			326,473			1,662,570			213,349			403,191
Units redeemed	(3,575,834		)	(358,588		)	(4,032,094		)	(256,326		)	(315,089		)
Ending units	2,871,150			1,038,246			15,038,927			1,023,641			1,475,982

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, 2018



	SUBACCOUNTS
	AST Investment Grade Bond Portfolio			AST Western Asset Core Plus Bond Portfolio			AST Bond Portfolio 2018			AST Bond Portfolio 2019			AST Global Real Estate Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018**			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(2,876,790	)	$	(1,370,549	)	$	(179,388	)	$	(183,717	)	$	(127,640	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	632,817			1,267,418			529,683			13,540			333,396
Net change in unrealized appreciation (depreciation) on investments	5,247,027			(2,677,961		)	(473,893		)	76,860			(716,491		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	3,003,054			(2,781,092		)	(123,598		)	(93,317		)	(510,735		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			1,629,087			—			—			148,244
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(9,014,352		)	(6,215,222		)	(2,267,256		)	(3,556,213		)	(357,851		)
Net transfers between other subaccounts
or fixed rate option	525,281,764			46,182,844			(15,270,656		)	17,751,564			(1,103,225		)
Miscellaneous transactions	(96		)	861			(74		)	252			(8		)
Other charges	(2,144,116		)	(818,778		)	(4,299		)	(367		)	(72,341		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	514,123,200			40,778,792			(17,542,285		)	14,195,236			(1,385,181		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	517,126,254			37,997,700			(17,665,883		)	14,101,919			(1,895,916		)

NET ASSETS
Beginning of period	94,732,507			76,488,012			17,665,883			869,039			8,894,452
End of period	$	611,858,761		$	114,485,712		$	—		$	14,970,958		$	6,998,536

Beginning units	6,924,968			5,998,902			1,587,477			76,083			562,771
Units issued	59,289,652			5,275,393			190,705			1,603,751			54,888
Units redeemed	(15,787,457		)	(1,972,853		)	(1,778,182		)	(341,859		)	(141,802		)
Ending units	50,427,163			9,301,442			—			1,337,975			475,857

**Date subaccount was no longer available for investment.

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, 2018



	SUBACCOUNTS
	AST Parametric Emerging Markets Equity Portfolio			AST Goldman Sachs Small-Cap Value Portfolio			AST RCM World Trends Portfolio			AST J.P. Morgan Global Thematic Portfolio			AST Goldman Sachs Multi-Asset Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(402,075	)	$	(503,514	)	$	(6,505,092	)	$	(3,504,851	)	$	(3,426,169	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,003,085			2,401,570			14,709,558			7,045,833			7,900,010
Net change in unrealized appreciation (depreciation) on investments	(4,693,599		)	(6,839,065		)	(47,683,361		)	(23,728,031		)	(23,504,207		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,092,589		)	(4,941,009		)	(39,478,895		)	(20,187,049		)	(19,030,366		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	210,912			1,038,895			12,559,989			13,955,136			9,632,453
Annuity payments	—			—			(41,153		)	(53,751		)	(69,617		)
Surrenders, withdrawals and death benefits	(1,548,524		)	(1,898,944		)	(20,321,612		)	(9,116,489		)	(10,746,804		)
Net transfers between other subaccounts
or fixed rate option	(2,580,472		)	(2,625,393		)	(36,585,657		)	(15,987,751		)	(29,615,737		)
Miscellaneous transactions	229			227			(3,502		)	(3,063		)	(1,687		)
Other charges	(256,457		)	(293,620		)	(4,725,140		)	(2,465,199		)	(2,521,807		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(4,174,312		)	(3,778,835		)	(49,117,075		)	(13,671,117		)	(33,323,199		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(8,266,901		)	(8,719,844		)	(88,595,970		)	(33,858,166		)	(52,353,565		)

NET ASSETS
Beginning of period	28,053,182			35,212,836			439,419,750			224,713,662			231,540,068
End of period	$	19,786,281		$	26,492,992		$	350,823,780		$	190,855,496		$	179,186,503

Beginning units	2,535,577			1,536,950			30,615,987			14,486,829			17,513,557
Units issued	622,954			192,991			1,336,736			1,421,398			1,310,026
Units redeemed	(1,044,991		)	(358,538		)	(4,949,202		)	(2,354,313		)	(3,907,890		)
Ending units	2,113,540			1,371,403			27,003,521			13,553,914			14,915,693

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, 2018



	SUBACCOUNTS
	ProFund VP Consumer Services			ProFund VP Consumer Goods			ProFund VP Financials			ProFund VP Health Care			ProFund VP Industrials
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(3,883	)	$	(372	)	$	(3,503	)	$	(3,330	)	$	(7,520	)
Capital gains distributions received	13,425			23,004			—			15,506			—
Net realized gain (loss) on shares redeemed	20,211			3,226			18,697			18,129			26,080
Net change in unrealized appreciation (depreciation) on investments	(33,920		)	(47,399		)	(56,512		)	(21,308		)	(90,066		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,167		)	(21,541		)	(41,318		)	8,997			(71,506		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(1,733		)	(2,782		)	(1,185		)	(7,320		)	(6,129		)
Net transfers between other subaccounts
or fixed rate option	15,993			(29,673		)	28,398			(7,677		)	(72,492		)
Miscellaneous transactions	—			—			—			—			—
Other charges	(2,288		)	(1,191		)	(3,031		)	(2,046		)	(4,825		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	11,972			(33,646		)	24,182			(17,043		)	(83,446		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	7,805			(55,187		)	(17,136		)	(8,046		)	(154,952		)

NET ASSETS
Beginning of period	264,636			156,161			328,356			224,032			586,505
End of period	$	272,441		$	100,974		$	311,220		$	215,986		$	431,553

Beginning units	10,299			7,822			24,257			9,089			31,029
Units issued	2,306			876			5,281			1,379			2,799
Units redeemed	(1,909		)	(2,672		)	(3,274		)	(1,948		)	(7,234		)
Ending units	10,696			6,026			26,264			8,520			26,594

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, 2018



	SUBACCOUNTS
	ProFund VP Mid-Cap Growth			ProFund VP Mid-Cap Value			ProFund VP Real Estate			ProFund VP Small-Cap Growth			ProFund VP Small-Cap Value
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(4,263	)	$	(3,197	)	$	843		$	(2,854	)	$	(1,352	)
Capital gains distributions received	24,557			29,913			14,687			13,319			7,800
Net realized gain (loss) on shares redeemed	1,787			(764		)	1,984			6,375			108
Net change in unrealized appreciation (depreciation) on investments	(53,233		)	(63,615		)	(26,509		)	(27,590		)	(36,835		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(31,152		)	(37,663		)	(8,995		)	(10,750		)	(30,279		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(6,189		)	(3,473		)	—			(2,389		)	(591		)
Net transfers between other subaccounts
or fixed rate option	(74,303		)	29,579			(2,017		)	(8,258		)	139,452
Miscellaneous transactions	—			26			—			—			—
Other charges	(2,457		)	(1,938		)	(1,113		)	(1,656		)	(876		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(82,949		)	24,194			(3,130		)	(12,303		)	137,985

TOTAL INCREASE (DECREASE) IN NET ASSETS	(114,101		)	(13,469		)	(12,125		)	(23,053		)	107,706

NET ASSETS
Beginning of period	309,192			228,908			130,290			196,588			46,534
End of period	$	195,091		$	215,439		$	118,165		$	173,535		$	154,240

Beginning units	15,473			12,476			9,606			9,258			2,406
Units issued	1,549			3,840			1,423			1,799			7,853
Units redeemed	(5,767		)	(2,579		)	(1,651		)	(2,258		)	(863		)
Ending units	11,255			13,737			9,378			8,799			9,396

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, 2018



	SUBACCOUNTS
	ProFund VP Telecommu-nications			ProFund VP Utilities			ProFund VP Large-Cap Growth			ProFund VP Large-Cap Value			AST Bond Portfolio 2020
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	1,841		$	402		$	(3,011	)	$	(997	)	$	(27,861	)
Capital gains distributions received	—			2,243			8,692			—			—
Net realized gain (loss) on shares redeemed	(146		)	3,115			5,957			3,424			8,804
Net change in unrealized appreciation (depreciation) on investments	(8,704		)	(5,390		)	(16,737		)	(20,176		)	(2,828		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(7,009		)	370			(5,099		)	(17,749		)	(21,885		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(963		)	(1,240		)	—			(1,649		)	(45,708		)
Net transfers between other subaccounts
or fixed rate option	(4,638		)	(3,193		)	(25,961		)	(18,728		)	302,371
Miscellaneous transactions	—			—			—			—			—
Other charges	(395		)	(680		)	(2,317		)	(1,475		)	(201		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(5,996		)	(5,113		)	(28,278		)	(21,852		)	256,462

TOTAL INCREASE (DECREASE) IN NET ASSETS	(13,005		)	(4,743		)	(33,377		)	(39,601		)	234,577

NET ASSETS
Beginning of period	47,969			76,328			205,699			163,399			1,255,156
End of period	$	34,964		$	71,585		$	172,322		$	123,798		$	1,489,733

Beginning units	3,754			5,148			10,195			10,840			105,764
Units issued	391			1,548			895			1,265			46,105
Units redeemed	(873		)	(1,933		)	(2,268		)	(2,788		)	(23,814		)
Ending units	3,272			4,763			8,822			9,317			128,055

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, 2018



	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio			AST Bond Portfolio 2017			AST Bond Portfolio 2021			Wells Fargo VT International Equity Fund (Class 1)			Wells Fargo VT Omega Growth Fund (Class 1)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			1/2/2018**			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(394,048	)	$	(77	)	$	(166,040	)	$	4,321		$	(7,915	)
Capital gains distributions received	—			—			—			10,056			47,523
Net realized gain (loss) on shares redeemed	3,067,904			8,260			116,822			82			3,564
Net change in unrealized appreciation (depreciation) on investments	(3,601,881		)	(8,405		)	(129,831		)	(22,969		)	(47,694		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(928,025		)	(222		)	(179,049		)	(8,510		)	(4,522		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,238,495			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(1,734,583		)	—			(2,425,860		)	—			—
Net transfers between other subaccounts
or fixed rate option	(422,434		)	(312,917		)	830,081			1,984			(5,165		)
Miscellaneous transactions	619			52			1			—			—
Other charges	(227,591		)	(27		)	(2,550		)	(27		)	—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(145,494		)	(312,892		)	(1,598,328		)	1,957			(5,165		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,073,519		)	(313,114		)	(1,777,377		)	(6,553		)	(9,687		)

NET ASSETS
Beginning of period	25,540,900			313,114			7,715,223			45,916			423,285
End of period	$	24,467,381		$	—		$	5,937,846		$	39,363		$	413,598

Beginning units	1,072,808			29,177			628,145			2,430			105,758
Units issued	387,578			—			159,629			176			—
Units redeemed	(383,459		)	(29,177		)	(291,491		)	(56		)	(1,156		)
Ending units	1,076,927			—			496,283			2,550			104,602

**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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2022			AST Quantitative Modeling Portfolio			AST BlackRock Global Strategies Portfolio			Wells Fargo VT Opportunity Fund (Class 1)			AST Prudential Core Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(118,086	)	$	(353,042	)	$	(2,398,362	)	$	(1,910	)	$	(324,991	)
Capital gains distributions received	—			—			—			13,401			—
Net realized gain (loss) on shares redeemed	128,209			506,744			4,486,711			11,215			258,755
Net change in unrealized appreciation (depreciation) on investments	(169,947		)	(4,375,386		)	(12,537,710		)	(33,792		)	(446,808		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(159,824		)	(4,221,684		)	(10,449,361		)	(11,086		)	(513,044		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			16,162,688			12,208,919			—			2,069,363
Annuity payments	—			—			(20,260		)	—			—
Surrenders, withdrawals and death benefits	(926,271		)	(1,568,075		)	(8,766,047		)	(400		)	(1,948,984		)
Net transfers between other subaccounts
or fixed rate option	(1,296,347		)	854,481			(11,452,331		)	(32,319		)	2,477,207
Miscellaneous transactions	24			(34		)	2,324			—			251
Other charges	(1,620		)	(247,297		)	(1,616,719		)	(11		)	(218,825		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(2,224,214		)	15,201,763			(9,644,114		)	(32,730		)	2,379,012

TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,384,038		)	10,980,079			(20,093,475		)	(43,816		)	1,865,968

NET ASSETS
Beginning of period	7,200,397			42,013,982			153,791,969			170,942			26,413,996
End of period	$	4,816,359		$	52,994,061		$	133,698,494		$	127,126		$	28,279,964

Beginning units	617,220			2,823,660			12,230,883			7,970			2,336,855
Units issued	117,110			1,246,831			1,181,891			—			831,491
Units redeemed	(305,321		)	(238,578		)	(2,010,514		)	(1,474		)	(617,358		)
Ending units	429,009			3,831,913			11,402,260			6,496			2,550,988

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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2023			AST New Discovery Asset Allocation Portfolio			AST Western Asset Emerging Markets Debt Portfolio			AST MFS Large-Cap Value Portfolio			AST Bond Portfolio 2024
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(20,955	)	$	(1,013,490	)	$	(5,967	)	$	(232,438	)	$	(93,178	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	(8,629		)	2,976,717			3,128			1,078,338			(40,626		)
Net change in unrealized appreciation (depreciation) on investments	38			(8,265,006		)	(55,677		)	(2,707,312		)	29,146
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(29,546		)	(6,301,779		)	(58,516		)	(1,861,412		)	(104,658		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			4,831,010			143,453			1,104,453			—
Annuity payments	—			(33,611		)	—			—			—
Surrenders, withdrawals and death benefits	(310,396		)	(3,704,727		)	(21,276		)	(985,819		)	(1,053,695		)
Net transfers between other subaccounts
or fixed rate option	97,173			(7,602,485		)	(80,619		)	(1,501,562		)	1,046,373
Miscellaneous transactions	—			631			14			(890		)	(78		)
Other charges	(355		)	(743,466		)	(3,414		)	(133,476		)	(541		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(213,578		)	(7,252,648		)	38,158			(1,517,294		)	(7,941		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(243,124		)	(13,554,427		)	(20,358		)	(3,378,706		)	(112,599		)

NET ASSETS
Beginning of period	1,332,792			64,865,648			748,809			17,577,745			4,241,174
End of period	$	1,089,668		$	51,311,221		$	728,451		$	14,199,039		$	4,128,575

Beginning units	131,168			4,640,874			68,309			972,002			432,244
Units issued	13,953			953,461			21,980			303,337			291,074
Units redeemed	(35,393		)	(1,525,262		)	(18,661		)	(381,850		)	(289,792		)
Ending units	109,728			4,069,073			71,628			893,489			433,526

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, 2018



	SUBACCOUNTS
	AST AQR Emerging Markets Equity Portfolio			AST ClearBridge Dividend Growth Portfolio			AST Multi-Sector Fixed Income Portfolio			AST AQR Large-Cap Portfolio			AST QMA Large-Cap Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(23,291	)	$	(217,399	)	$	(25,426,919	)	$	(14,834	)	$	(11,869	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	37,574			887,773			599,523			48,118			28,327
Net change in unrealized appreciation (depreciation) on investments	(579,497		)	(1,504,994		)	(73,854,608		)	(193,615		)	(125,536		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(565,214		)	(834,620		)	(98,682,004		)	(160,331		)	(109,078		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	756,673			356,695			327,332,988			456,463			240,341
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(144,112		)	(645,697		)	(73,394,061		)	(110,484		)	(29,778		)
Net transfers between other subaccounts
or fixed rate option	(117,906		)	(2,097,207		)	—			110,415			10,106
Miscellaneous transactions	173			161			(14,560		)	88			198
Other charges	(10,186		)	(117,344		)	(208,618		)	(6,338		)	(4,837		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	484,642			(2,503,392		)	253,715,749			450,144			216,030

TOTAL INCREASE (DECREASE) IN NET ASSETS	(80,572		)	(3,338,012		)	155,033,745			289,813			106,952

NET ASSETS
Beginning of period	2,446,780			15,029,089			1,281,279,813			1,465,672			1,089,877
End of period	$	2,366,208		$	11,691,077		$	1,436,313,558		$	1,755,485		$	1,196,829

Beginning units	193,188			930,640			113,950,074			86,348			62,727
Units issued	96,542			135,281			24,967,594			41,499			19,663
Units redeemed	(58,265		)	(295,623		)	(977,674		)	(13,060		)	(7,861		)
Ending units	231,465			770,298			137,939,994			114,787			74,529

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, 2018



	SUBACCOUNTS
	AST Bond Portfolio 2025			AST T. Rowe Price Growth Opportunities Portfolio			AST Goldman Sachs Global Growth Allocation Portfolio			AST T. Rowe Price Diversified Real Growth Portfolio			AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(35,224	)	$	(2,098,447	)	$	(27,174	)	$	(45,549	)	$	(77,828	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	(6,206		)	1,204,393			54,923			108,264			144,242
Net change in unrealized appreciation (depreciation) on investments	57,018			(14,991,878		)	(483,093		)	(624,380		)	(1,042,930		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	15,588			(15,885,932		)	(455,344		)	(561,665		)	(976,516		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			70,615,062			507,421			910,701			2,298,417
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(338,535		)	(2,594,477		)	(202,991		)	(258,963		)	(533,060		)
Net transfers between other subaccounts
or fixed rate option	2,489,447			(27,613,922		)	21,342			(161,299		)	295,530
Miscellaneous transactions	(32		)	(11,911		)	583			54			(288		)
Other charges	(99		)	(1,720,260		)	(25,560		)	(41,651		)	(72,978		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,150,781			38,674,492			300,795			448,842			1,987,621

TOTAL INCREASE (DECREASE) IN NET ASSETS	2,166,369			22,788,560			(154,549		)	(112,823		)	1,011,105

NET ASSETS
Beginning of period	302,765			105,997,701			4,243,065			6,780,814			11,888,899
End of period	$	2,469,134		$	128,786,261		$	4,088,516		$	6,667,991		$	12,900,004

Beginning units	27,638			8,173,030			344,821			527,888			921,908
Units issued	298,207			5,948,030			57,031			80,052			229,587
Units redeemed	(98,527		)	(3,220,637		)	(32,619		)	(45,223		)	(74,457		)
Ending units	227,318			10,900,423			369,233			562,717			1,077,038

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, 2018



	SUBACCOUNTS
	AST BlackRock Multi-Asset Income Portfolio			AST Franklin Templeton K2 Global Absolute Return Portfolio			AST Managed Equity Portfolio			AST Managed Fixed Income Portfolio			AST FQ Absolute Return Currency Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	4/27/2018**			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(12,951	)	$	(17,565	)	$	(21,987	)	$	(36,419	)	$	(2,867	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	475,272			25,877			147,127			13,025			(791		)
Net change in unrealized appreciation (depreciation) on investments	(542,405		)	(190,877		)	(569,403		)	(54,415		)	(27,085		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(80,084		)	(182,565		)	(444,263		)	(77,809		)	(30,743		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	150,544			463,470			749,029			1,197,522			9,450
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(182,276		)	(285,876		)	(182,608		)	(368,691		)	(36,574		)
Net transfers between other subaccounts
or fixed rate option	(6,667,413		)	(173,555		)	(608,181		)	(158,444		)	17,591
Miscellaneous transactions	(32		)	(2		)	1,285			71			(1		)
Other charges	(12,195		)	(17,383		)	(20,396		)	(35,680		)	(2,800		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(6,711,372		)	(13,346		)	(60,871		)	634,778			(12,334		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(6,791,456		)	(195,911		)	(505,134		)	556,969			(43,077		)

NET ASSETS
Beginning of period	6,791,456			3,040,546			3,559,030			5,408,956			529,141
End of period	$	—		$	2,844,635		$	3,053,896		$	5,965,925		$	486,064

Beginning units	633,101			299,365			273,406			518,715			51,998
Units issued	16,550			47,000			60,486			135,178			4,492
Units redeemed	(649,651		)	(49,185		)	(65,075		)	(73,223		)	(5,592		)
Ending units	—			297,180			268,817			580,670			50,898

**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, 2018



	SUBACCOUNTS
	AST Jennison Global Infrastructure Portfolio			AST PIMCO Dynamic Bond Portfolio			AST Legg Mason Diversified Growth Portfolio			AST Bond Portfolio 2026			AST AB Global Bond Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(10,106	)	$	(5,404	)	$	(610,917	)	$	(388,628	)	$	(10,463	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	15,960			417			364,150			(248,897		)	9,546
Net change in unrealized appreciation (depreciation) on investments	(162,090		)	(2,865		)	(3,358,543		)	180,414			(1,443		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(156,236		)	(7,852		)	(3,605,310		)	(457,111		)	(2,360		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	240,291			247,566			10,116,371			—			556,274
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(20,906		)	(28,106		)	(580,783		)	(2,548,896		)	(103,180		)
Net transfers between other subaccounts
or fixed rate option	(91,418		)	90,195			(5,624,637		)	3,545,871			(215,740		)
Miscellaneous transactions	(29		)	—			(486		)	(16		)	2
Other charges	(9,314		)	(4,949		)	(508,491		)	(5,372		)	(10,092		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	118,624			304,706			3,401,974			991,587			227,264

TOTAL INCREASE (DECREASE) IN NET ASSETS	(37,612		)	296,854			(203,336		)	534,476			224,904

NET ASSETS
Beginning of period	1,682,589			788,382			35,641,549			16,629,330			1,595,617
End of period	$	1,644,977		$	1,085,236		$	35,438,213		$	17,163,806		$	1,820,521

Beginning units	142,618			82,555			3,030,888			1,675,958			149,189
Units issued	25,030			45,247			1,131,510			1,189,076			59,817
Units redeemed	(14,279		)	(13,180		)	(904,862		)	(1,077,315		)	(38,433		)
Ending units	153,369			114,622			3,257,536			1,787,719			170,573

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, 2018



	SUBACCOUNTS
	AST Goldman Sachs Global Income Portfolio			AST Morgan Stanley Multi-Asset Portfolio			AST Wellington Management Global Bond Portfolio			AST Neuberger Berman Long/Short Portfolio			AST Wellington Management Real Total Return Portfolio
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(3,287	)	$	(1,697	)	$	(3,230	)	$	(8,803	)	$	(1,949	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	253			(6		)	978			7,510			(71		)
Net change in unrealized appreciation (depreciation) on investments	(1,517		)	(1,185		)	20,673			(152,191		)	(20,086		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,551		)	(2,888		)	18,421			(153,484		)	(22,106		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	16,069			103,328			153,064			529,116			102,852
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(12,102		)	(3,611		)	(9,213		)	(55,973		)	(4,778		)
Net transfers between other subaccounts
or fixed rate option	14,717			82,379			81,330			497,003			7,846
Miscellaneous transactions	(2		)	—			—			586			—
Other charges	(3,076		)	(1,660		)	(2,961		)	(7,815		)	(1,870		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	15,606			180,436			222,220			962,917			104,050

TOTAL INCREASE (DECREASE) IN NET ASSETS	11,055			177,548			240,641			809,433			81,944

NET ASSETS
Beginning of period	495,231			185,321			456,111			994,891			284,769
End of period	$	506,286		$	362,869		$	696,752		$	1,804,324		$	366,713

Beginning units	47,284			20,401			43,524			89,079			31,206
Units issued	3,412			21,517			24,334			96,905			12,086
Units redeemed	(1,912		)	(1,461		)	(3,059		)	(10,664		)	(517		)
Ending units	48,784			40,457			64,799			175,320			42,775

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, 2018



	SUBACCOUNTS
	AST QMA International Core Equity Portfolio			AST Managed Alternatives Portfolio			AST Emerging Managers Diversified Portfolio			AST Columbia Adaptive Risk Allocation Portfolio			Blackrock Global Allocation V.I. Fund (Class III)
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/1/2018
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(5,639	)	$	(10,931	)	$	(5,263	)	$	(8,319	)	$	12,852
Capital gains distributions received	—			—			—			—			262,524
Net realized gain (loss) on shares redeemed	6,720			1,756			17,900			19,762			(50,633		)
Net change in unrealized appreciation (depreciation) on investments	(167,123		)	(65,284		)	(69,624		)	(95,975		)	(751,911		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(166,042		)	(74,459		)	(56,987		)	(84,532		)	(527,168		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	291,493			619,750			55,565			257,784			3,617,298
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(39,970		)	(88,937		)	(69,181		)	(42,901		)	(40,599		)
Net transfers between other subaccounts
or fixed rate option	26,857			(132,446		)	(83,279		)	51,295			(1,635,503		)
Miscellaneous transactions	(26		)	73			(90		)	(5		)	(67		)
Other charges	(5,397		)	(10,188		)	(5,235		)	(7,894		)	(33,870		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	272,957			388,252			(102,220		)	258,279			1,907,259

TOTAL INCREASE (DECREASE) IN NET ASSETS	106,915			313,793			(159,207		)	173,747			1,380,091

NET ASSETS
Beginning of period	778,734			1,619,148			935,916			1,332,638			3,899,882
End of period	$	885,649		$	1,932,941		$	776,709		$	1,506,385		$	5,279,973

Beginning units	66,377			163,567			82,091			112,243			335,511
Units issued	31,293			70,301			6,770			37,458			330,466
Units redeemed	(8,161		)	(30,695		)	(15,691		)	(15,642		)	(171,349		)
Ending units	89,509			203,173			73,170			134,059			494,628

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, 2018



	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
	1/1/2018			1/1/2018			1/1/2018			1/1/2018			1/2/2018*
	to			to			to			to			to
	12/31/2018			12/31/2018			12/31/2018			12/31/2018			12/31/2018

OPERATIONS
Net investment income (loss)	$	(12,125	)	$	(295,812	)	$	(5,660	)	$	(83,630	)	$	(626	)
Capital gains distributions received	3,191			—			—			—			—
Net realized gain (loss) on shares redeemed	4,095			(238,983		)	5,392			4,753			879
Net change in unrealized appreciation (depreciation) on investments	(106,226		)	151,240			(93,025		)	176,483			4,656
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(111,065		)	(383,555		)	(93,293		)	97,606			4,909

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	399,798			—			170			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(82,758		)	(2,134,115		)	(24,950		)	(363,653		)	(1,857		)
Net transfers between other subaccounts
or fixed rate option	530,883			2,396,222			35,016			5,121,001			146,900
Miscellaneous transactions	(3		)	(183		)	(2		)	26			—
Other charges	(11,601		)	(4,224		)	(796		)	(572		)	(10		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	836,319			257,700			9,438			4,756,802			145,033

TOTAL INCREASE (DECREASE) IN NET ASSETS	725,254			(125,855		)	(83,855		)	4,854,408			149,942

NET ASSETS
Beginning of period	1,434,202			12,982,975			462,032			46,329			—
End of period	$	2,159,456		$	12,857,120		$	378,177		$	4,900,737		$	149,942

Beginning units	122,558			1,311,487			34,190			4,647			—
Units issued	82,259			942,475			5,167			842,019			19,143
Units redeemed	(9,462		)	(908,707		)	(4,796		)	(337,005		)	(3,594		)
Ending units	195,355			1,345,255			34,561			509,661			15,549

* Date subaccount became 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, 2018



	SUBACCOUNTS
	AST American Funds Growth Allocation Portfolio
	4/30/2018*
	to
	12/31/2018

OPERATIONS
Net investment income (loss)	$	(101,329	)
Capital gains distributions received	—
Net realized gain (loss) on shares redeemed	(202,169		)
Net change in unrealized appreciation (depreciation) on investments	(1,366,823		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(1,670,321		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	26,288,413
Annuity payments	—
Surrenders, withdrawals and death benefits	(9,720		)
Net transfers between other subaccounts
or fixed rate option	(1,077,550		)
Miscellaneous transactions	1,079
Other charges	(52,402		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	25,149,820

TOTAL INCREASE (DECREASE) IN NET ASSETS	23,479,499

NET ASSETS
Beginning of period	—
End of period	$	23,479,499

Beginning units	—
Units issued	2,726,623
Units redeemed	(244,528		)
Ending units	2,482,095


* Date subaccount became 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, 2017



	SUBACCOUNTS
	Prudential Government Money Market Portfolio			Prudential Diversified Bond Portfolio			Prudential Equity Portfolio (Class I)			Prudential Value Portfolio (Class I)			Prudential High Yield Bond Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(68,166	)	$	(219,988	)	$	(262,616	)	$	(350,227	)	$	676,755
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	—			258,708			1,098,110			1,263,572			(524		)
Net change in unrealized appreciation (depreciation) on investments	—			816,569			3,144,369			2,508,305			216,765
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(68,166		)	855,289			3,979,863			3,421,650			892,996

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	64,209			16,952			30,017			111,336			27,766
Annuity payments	(93,816		)	(226,948		)	(225,313		)	(233,034		)	(295,693		)
Surrenders, withdrawals and death benefits	(1,392,958		)	(1,653,688		)	(1,483,768		)	(2,186,051		)	(1,521,295		)
Net transfers between other subaccounts
or fixed rate option	664,144			330,577			(681,164		)	(915,169		)	191,168
Miscellaneous transactions	542			508			(171		)	(141		)	(557		)
Other charges	(7,630		)	(4,737		)	(12,991		)	(23,788		)	(16,196		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(765,509		)	(1,537,336		)	(2,373,390		)	(3,246,847		)	(1,614,807		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(833,675		)	(682,047		)	1,606,473			174,803			(721,811		)

NET ASSETS
Beginning of period	8,291,102			16,285,434			17,600,877			24,239,204			14,951,928
End of period	$	7,457,427		$	15,603,387		$	19,207,350		$	24,414,007		$	14,230,117

Beginning units	7,027,237			6,274,315			5,866,953			7,754,724			3,347,196
Units issued	1,699,090			145,881			10,974			64,640			60,864
Units redeemed	(2,376,100		)	(723,297		)	(723,764		)	(1,117,670		)	(373,263		)
Ending units	6,350,227			5,696,899			5,154,163			6,701,694			3,034,797

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, 2017



	SUBACCOUNTS
	Prudential Stock Index Portfolio			Prudential Global Portfolio			Prudential Jennison Portfolio (Class I)			Prudential Small Capitalization Stock Portfolio			T. Rowe Price International Stock Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	33,802		$	(73,836	)	$	(365,288	)	$	(61,091	)	$	(4,585	)
Capital gains distributions received	434,913			—			—			—			71,404
Net realized gain (loss) on shares redeemed	1,525,212			230,861			2,461,667			298,196			31,570
Net change in unrealized appreciation (depreciation) on investments	1,928,426			915,875			5,475,722			239,496			292,025
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	3,922,353			1,072,900			7,572,101			476,601			390,414

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	34,926			30,757			21,506			22,898			12,353
Annuity payments	(139,616		)	(16,415		)	(168,260		)	(15,079		)	(2,153		)
Surrenders, withdrawals and death benefits	(2,937,365		)	(429,490		)	(2,765,866		)	(431,898		)	(159,317		)
Net transfers between other subaccounts
or fixed rate option	(480,099		)	(35,553		)	(964,393		)	(7,414		)	23,234
Miscellaneous transactions	(322		)	3			64			35			55
Other charges	(15,703		)	(3,779		)	(17,596		)	(1,374		)	(340		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(3,538,179		)	(454,477		)	(3,894,545		)	(432,832		)	(126,168		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	384,174			618,423			3,677,556			43,769			264,246

NET ASSETS
Beginning of period	21,656,931			4,845,877			23,228,763			4,487,273			1,592,889
End of period	$	22,041,105		$	5,464,300		$	26,906,319		$	4,531,042		$	1,857,135

Beginning units	6,972,702			2,057,237			7,092,161			843,297			996,402
Units issued	302,315			47,808			66,100			15,213			49,311
Units redeemed	(1,290,760		)	(210,137		)	(1,067,991		)	(98,782		)	(124,639		)
Ending units	5,984,257			1,894,908			6,090,270			759,728			921,074

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, 2017



	SUBACCOUNTS
	T. Rowe Price Equity Income Portfolio (Equity Income Class)			Invesco V.I. Core Equity Fund (Series I)			Janus Henderson VIT Research Portfolio (Institutional Shares)			Janus Henderson VIT Overseas Portfolio (Institutional Shares)			MFS® Research Series (Initial Class)
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	22,872		$	(28,112	)	$	(51,275	)	$	12,818		$	(746	)
Capital gains distributions received	633,785			405,129			48,507			—			94,103
Net realized gain (loss) on shares redeemed	237,109			281,510			110,515			(88,593		)	80,820
Net change in unrealized appreciation (depreciation) on investments	(970		)	204,631			1,068,696			1,330,874			106,927
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	892,796			863,158			1,176,443			1,255,099			281,104

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	21,779			36,788			20,384			19,903			4,880
Annuity payments	(9,215		)	(43,687		)	(25,539		)	(88,069		)	(21,159		)
Surrenders, withdrawals and death benefits	(727,556		)	(887,144		)	(474,117		)	(453,820		)	(199,672		)
Net transfers between other subaccounts
or fixed rate option	109,676			(24,833		)	(102,211		)	(182,270		)	(15,280		)
Miscellaneous transactions	(12		)	(57		)	139			17			14
Other charges	(1,580		)	(2,380		)	(1,560		)	(1,740		)	(462		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(606,908		)	(921,313		)	(582,904		)	(705,979		)	(231,679		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	285,888			(58,155		)	593,539			549,120			49,425

NET ASSETS
Beginning of period	6,452,698			7,912,555			4,761,596			4,517,905			1,412,320
End of period	$	6,738,586		$	7,854,400		$	5,355,135		$	5,067,025		$	1,461,745

Beginning units	1,843,627			2,876,730			1,822,274			1,645,349			497,152
Units issued	38,606			28,176			22,997			2,444			10,714
Units redeemed	(210,715		)	(345,957		)	(220,168		)	(226,827		)	(84,955		)
Ending units	1,671,518			2,558,949			1,625,103			1,420,966			422,911

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, 2017



	SUBACCOUNTS
	MFS® Growth Series (Initial Class)			American Century VP Value Fund (Class I)			Franklin Small-Mid Cap Growth VIP Fund (Class 2)			Prudential Jennison 20/20 Focus Portfolio (Class I)			Davis Value Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(81,925	)	$	5,309		$	(39,833	)	$	(45,292	)	$	(12,438	)
Capital gains distributions received	250,540			—			281,368			—			158,723
Net realized gain (loss) on shares redeemed	325,587			186,082			(45,423		)	203,014			(28,000		)
Net change in unrealized appreciation (depreciation) on investments	1,135,448			(45,063		)	316,354			650,574			247,971
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,629,650			146,328			512,466			808,296			366,256

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	15,939			21,870			11,280			12,300			520
Annuity payments	(32,238		)	(1,966		)	(4,916		)	(31,969		)	—
Surrenders, withdrawals and death benefits	(551,695		)	(346,375		)	(172,018		)	(214,485		)	(196,288		)
Net transfers between other subaccounts
or fixed rate option	(85,181		)	(81,330		)	(37,785		)	(137,242		)	(82,423		)
Miscellaneous transactions	89			(25		)	(113		)	(19		)	(80		)
Other charges	(2,000		)	(536		)	(634		)	(678		)	(361		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(655,086		)	(408,362		)	(204,186		)	(372,093		)	(278,632		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	974,564			(262,034		)	308,280			436,203			87,624

NET ASSETS
Beginning of period	5,752,032			2,316,932			2,681,836			3,064,276			1,902,234
End of period	$	6,726,596		$	2,054,898		$	2,990,116		$	3,500,479		$	1,989,858

Beginning units	1,932,444			639,133			976,332			1,190,078			1,081,090
Units issued	24,040			24,250			8,314			3,603			12,487
Units redeemed	(212,569		)	(138,331		)	(75,121		)	(135,595		)	(158,480		)
Ending units	1,743,915			525,052			909,525			1,058,086			935,097

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, 2017



	SUBACCOUNTS
	AB VPS Large Cap Growth Portfolio (Class B)			Prudential SP Small Cap Value Portfolio (Class I)			Janus Henderson VIT Research Portfolio (Service Shares)			SP Prudential U.S. Emerging Growth Portfolio (Class I)			Prudential SP International Growth Portfolio (Class I)
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(11,441	)	$	(124,407	)	$	(6,007	)	$	(110,291	)	$	(30,845	)
Capital gains distributions received	45,455			—			4,318			—			—
Net realized gain (loss) on shares redeemed	59,195			596,177			13,648			456,376			41,677
Net change in unrealized appreciation (depreciation) on investments	121,789			321,393			90,772			969,169			567,416
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	214,998			793,163			102,731			1,315,254			578,248

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			6,183			360			4,625			472
Annuity payments	—			(55,308		)	—			(25,081		)	—
Surrenders, withdrawals and death benefits	(165,930		)	(700,797		)	(31,670		)	(636,131		)	(243,585		)
Net transfers between other subaccounts
or fixed rate option	4,777			(265,950		)	(11,518		)	(111,452		)	(35,526		)
Miscellaneous transactions	25			(4		)	—			(166		)	(274		)
Other charges	(68		)	(20,349		)	(813		)	(15,074		)	(3,588		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(161,196		)	(1,036,225		)	(43,641		)	(783,279		)	(282,501		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	53,802			(243,062		)	59,090			531,975			295,747

NET ASSETS
Beginning of period	779,163			8,385,337			426,673			6,710,395			1,814,565
End of period	$	832,965		$	8,142,275		$	485,763		$	7,242,370		$	2,110,312

Beginning units	683,422			2,654,338			250,768			2,245,328			1,282,583
Units issued	10,691			37,567			3,731			52,413			19,110
Units redeemed	(131,493		)	(360,369		)	(27,714		)	(271,804		)	(208,948		)
Ending units	562,620			2,331,536			226,785			2,025,937			1,092,745

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, 2017



	SUBACCOUNTS
	AST Goldman Sachs Large-Cap Value Portfolio			AST Cohen & Steers Realty Portfolio			AST J.P. Morgan Strategic Opportunities Portfolio			AST T. Rowe Price Large-Cap Value Portfolio			AST High Yield Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(909,891	)	$	(422,796	)	$	(2,789,237	)	$	(205,077	)	$	(416,166	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,336,957			907,010			4,338,331			375,182			703,372
Net change in unrealized appreciation (depreciation) on investments	4,233,238			823,742			15,561,149			1,632,974			1,336,721
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,660,304			1,307,956			17,110,243			1,803,079			1,623,927

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,097,530			2,216,736			3,664,320			839,125			2,782,128
Annuity payments	(68,665		)	(14,008		)	(34,035		)	—			—
Surrenders, withdrawals and death benefits	(3,203,201		)	(1,553,655		)	(10,712,461		)	(575,701		)	(1,420,962		)
Net transfers between other subaccounts
or fixed rate option	14,570,743			431,580			1,967,674			243,551			1,100,543
Miscellaneous transactions	235			(1,063		)	1,002			(126		)	(15		)
Other charges	(531,909		)	(231,741		)	(1,733,054		)	(120,979		)	(222,098		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	12,864,733			847,849			(6,846,554		)	385,870			2,239,596

TOTAL INCREASE (DECREASE) IN NET ASSETS	17,525,037			2,155,805			10,263,689			2,188,949			3,863,523

NET ASSETS
Beginning of period	50,302,984			27,147,689			167,396,345			11,982,848			26,104,970
End of period	$	67,828,021		$	29,303,494		$	177,660,034		$	14,171,797		$	29,968,493

Beginning units	2,985,359			1,423,181			13,084,121			816,762			1,859,741
Units issued	1,187,563			319,893			775,965			134,247			455,885
Units redeemed	(443,442		)	(264,679		)	(1,238,084		)	(98,239		)	(289,597		)
Ending units	3,729,480			1,478,395			12,622,002			852,770			2,026,029

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, 2017



	SUBACCOUNTS
	AST Small-Cap Growth Opportunities Portfolio			AST WEDGE Capital Mid-Cap Value Portfolio			AST Small-Cap Value Portfolio			AST Goldman Sachs Mid-Cap Growth Portfolio			AST Hotchkis & Wiley Large-Cap Value Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(279,340	)	$	(167,088	)	$	(247,333	)	$	(931,326	)	$	(471,050	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,046,558			777,669			995,011			2,014,908			1,740,825
Net change in unrealized appreciation (depreciation) on investments	3,246,674			1,029,693			151,604			12,073,443			3,896,738
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,013,892			1,640,274			899,282			13,157,025			5,166,513

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	498,967			168,384			913,599			1,369,519			1,714,493
Annuity payments	—			(7,131		)	(59,551		)	(106,254		)	(30,490		)
Surrenders, withdrawals and death benefits	(956,626		)	(556,051		)	(767,875		)	(3,451,047		)	(1,918,220		)
Net transfers between other subaccounts
or fixed rate option	450,577			(442,862		)	563,629			352,060			1,155,086
Miscellaneous transactions	1,666			272			270			276			(337		)
Other charges	(163,749		)	(90,380		)	(128,176		)	(533,625		)	(290,780		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(169,165		)	(927,768		)	521,896			(2,369,071		)	629,752

TOTAL INCREASE (DECREASE) IN NET ASSETS	3,844,727			712,506			1,421,178			10,787,954			5,796,265

NET ASSETS
Beginning of period	15,464,289			10,079,797			15,415,439			52,769,242			29,100,559
End of period	$	19,309,016		$	10,792,303		$	16,836,617		$	63,557,196		$	34,896,824

Beginning units	864,501			540,439			773,934			3,115,336			1,645,352
Units issued	163,937			77,872			223,568			372,559			351,863
Units redeemed	(163,256		)	(122,355		)	(192,593		)	(478,428		)	(314,528		)
Ending units	865,182			495,956			804,909			3,009,467			1,682,687

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, 2017



	SUBACCOUNTS
	AST Lord Abbett Core Fixed Income Portfolio			AST Loomis Sayles Large-Cap Growth Portfolio			AST MFS Growth Portfolio			AST Neuberger Berman/LSV Mid-Cap Value Portfolio			AST BlackRock Low Duration Bond Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(722,094	)	$	(896,684	)	$	(239,063	)	$	(519,402	)	$	(278,515	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	377,147			4,490,957			1,054,755			1,442,413			58,748
Net change in unrealized appreciation (depreciation) on investments	1,322,291			11,600,201			3,156,466			2,981,288			271,725
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	977,344			15,194,474			3,972,158			3,904,299			51,958

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	3,392,637			1,379,824			701,394			2,502,253			2,347,215
Annuity payments	(63,028		)	(29,835		)	—			(7,594		)	(5,709		)
Surrenders, withdrawals and death benefits	(3,030,531		)	(3,208,993		)	(795,279		)	(1,530,524		)	(1,458,360		)
Net transfers between other subaccounts
or fixed rate option	4,380,092			(3,605,976		)	(108,125		)	1,120,120			2,648,309
Miscellaneous transactions	423			(2,982		)	147			56			(50		)
Other charges	(478,206		)	(516,073		)	(138,855		)	(294,679		)	(145,994		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	4,201,387			(5,984,035		)	(340,718		)	1,789,632			3,385,411

TOTAL INCREASE (DECREASE) IN NET ASSETS	5,178,731			9,210,439			3,631,440			5,693,931			3,437,369

NET ASSETS
Beginning of period	48,795,380			50,428,556			13,999,436			31,209,028			17,746,322
End of period	$	53,974,111		$	59,638,995		$	17,630,876		$	36,902,959		$	21,183,691

Beginning units	3,995,200			2,615,446			776,335			1,523,796			1,750,161
Units issued	886,163			303,797			134,722			348,729			710,839
Units redeemed	(537,541		)	(545,332		)	(146,990		)	(234,676		)	(380,110		)
Ending units	4,343,822			2,373,911			764,067			1,637,849			2,080,890

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, 2017



	SUBACCOUNTS
	AST QMA US Equity Alpha 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
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(352,293	)	$	(443,291	)	$	(18,318,864	)	$	(502,175	)	$	(421,315	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,225,158			372,084			22,718,419			1,316,758			1,042,468
Net change in unrealized appreciation (depreciation) on investments	3,924,122			2,511,057			142,563,533			5,686,069			5,511,769
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,796,987			2,439,850			146,963,088			6,500,652			6,132,922

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	3,025,427			863,927			29,526,027			2,010,351			135,272
Annuity payments	(7,032		)	(24,990		)	(243,199		)	(3,522		)	(59,597		)
Surrenders, withdrawals and death benefits	(1,034,375		)	(1,504,519		)	(50,185,499		)	(1,142,522		)	(1,776,549		)
Net transfers between other subaccounts
or fixed rate option	100,119			1,555,600			343,418			904,232			2,344,941
Miscellaneous transactions	(1,576		)	(527		)	(1,259		)	613			(104		)
Other charges	(199,370		)	(258,091		)	(12,182,715		)	(297,818		)	(252,761		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,883,193			631,400			(32,743,227		)	1,471,334			391,202

TOTAL INCREASE (DECREASE) IN NET ASSETS	6,680,180			3,071,250			114,219,861			7,971,986			6,524,124

NET ASSETS
Beginning of period	22,154,858			26,930,872			1,092,303,494			28,493,967			21,271,827
End of period	$	28,835,038		$	30,002,122		$	1,206,523,355		$	36,465,953		$	27,795,951

Beginning units	1,042,190			2,692,449			75,754,889			1,737,827			1,912,176
Units issued	296,116			646,670			2,866,461			365,334			454,183
Units redeemed	(195,229		)	(576,689		)	(4,648,325		)	(268,228		)	(407,467		)
Ending units	1,143,077			2,762,430			73,973,025			1,834,933			1,958,892

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, 2017



	SUBACCOUNTS
	AST Templeton Global Bond Portfolio			AST Wellington Management Hedged Equity Portfolio			AST Capital Growth Asset Allocation Portfolio			AST Academic Strategies Asset Allocation Portfolio			AST Balanced Asset Allocation Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(210,782	)	$	(2,174,128	)	$	(11,082,123	)	$	(5,338,380	)	$	(11,962,658	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	54,197			2,409,531			15,492,373			8,862,603			19,666,562
Net change in unrealized appreciation (depreciation) on investments	223,465			14,790,388			95,386,584			27,844,569			83,804,850
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	66,880			15,025,791			99,796,834			31,368,792			91,508,754

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	911,253			7,810,383			28,497,312			4,194,355			24,699,281
Annuity payments	(42,541		)	(35,162		)	(143,311		)	(161,122		)	(370,156		)
Surrenders, withdrawals and death benefits	(533,402		)	(5,364,766		)	(25,196,665		)	(20,066,802		)	(33,472,303		)
Net transfers between other subaccounts
or fixed rate option	1,484,515			(29,617		)	15,355,963			7,651,476			(5,616,710		)
Miscellaneous transactions	(69		)	(2,522		)	(4,832		)	(7,305		)	1,939
Other charges	(137,051		)	(1,478,346		)	(6,371,112		)	(2,604,065		)	(7,045,565		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,682,705			899,970			12,137,355			(10,993,463		)	(21,803,514		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	1,749,585			15,925,761			111,934,189			20,375,329			69,705,240

NET ASSETS
Beginning of period	14,301,568			126,793,297			614,943,345			297,040,022			708,456,792
End of period	$	16,051,153		$	142,719,058		$	726,877,534		$	317,415,351		$	778,162,032

Beginning units	1,412,409			10,413,618			41,918,325			24,272,568			50,063,014
Units issued	335,411			1,012,440			3,807,471			2,611,559			2,521,689
Units redeemed	(170,571		)	(943,104		)	(2,782,008		)	(3,442,761		)	(3,727,512		)
Ending units	1,577,249			10,482,954			42,943,788			23,441,366			48,857,191

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, 2017



	SUBACCOUNTS
	AST Preservation Asset Allocation Portfolio			AST Fidelity Institutional AM℠ Quantitative Portfolio			AST Prudential Growth Allocation Portfolio			AST Advanced Strategies Portfolio			AST T. Rowe Price Large-Cap Growth Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(7,852,574	)	$	(6,251,530	)	$	(16,477,730	)	$	(10,301,308	)	$	(1,205,653	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	10,802,880			6,815,697			11,680,454			15,597,784			5,913,358
Net change in unrealized appreciation (depreciation) on investments	35,882,138			52,397,982			139,662,991			85,890,397			18,420,745
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	38,832,444			52,962,149			134,865,715			91,186,873			23,128,450

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	12,682,372			14,033,338			27,589,616			16,176,593			4,217,242
Annuity payments	(305,959		)	(95,043		)	(959,332		)	(170,271		)	—
Surrenders, withdrawals and death benefits	(27,998,275		)	(14,534,837		)	(40,078,513		)	(27,649,238		)	(5,548,603		)
Net transfers between other subaccounts
or fixed rate option	29,726,174			132,072			488,872,612			(4,574,134		)	2,170,462
Miscellaneous transactions	5,996			435			(10,481		)	(5,541		)	(616		)
Other charges	(4,713,842		)	(4,055,193		)	(10,780,836		)	(6,757,152		)	(666,435		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	9,396,466			(4,519,228		)	464,633,066			(22,979,743		)	172,050

TOTAL INCREASE (DECREASE) IN NET ASSETS	48,228,910			48,442,921			599,498,781			68,207,130			23,300,500

NET ASSETS
Beginning of period	457,043,335			362,213,228			649,226,997			612,274,449			63,381,801
End of period	$	505,272,245		$	410,656,149		$	1,248,725,778		$	680,481,579		$	86,682,301

Beginning units	35,110,162			28,025,755			44,092,305			42,483,585			3,130,330
Units issued	4,431,183			1,548,906			34,357,070			1,517,287			724,282
Units redeemed	(3,465,342		)	(1,728,197		)	(4,032,724		)	(2,803,850		)	(666,917		)
Ending units	36,076,003			27,846,464			74,416,651			41,197,022			3,187,695

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, 2017



	SUBACCOUNTS
	AST Government Money Market Portfolio			AST Small-Cap Growth Portfolio			AST BlackRock/Loomis Sayles Bond Portfolio			AST International Value Portfolio			AST International Growth Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(202,592	)	$	(376,262	)	$	(3,173,156	)	$	(185,727	)	$	(266,215	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	—			1,574,499			1,553,314			295,923			1,112,128
Net change in unrealized appreciation (depreciation) on investments	—			3,534,793			6,867,188			2,301,973			4,676,801
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(202,592		)	4,733,030			5,247,346			2,412,169			5,522,714

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	2,990,452			1,110,625			4,149,631			1,240,612			1,149,887
Annuity payments	—			(20,821		)	(366,411		)	(32,204		)	—
Surrenders, withdrawals and death benefits	(52,752,515		)	(1,395,118		)	(10,998,539		)	(662,470		)	(896,402		)
Net transfers between other subaccounts
or fixed rate option	48,028,657			(1,111,796		)	18,495,064			219,884			(257,032		)
Miscellaneous transactions	(282		)	(65		)	589			(336		)	(696		)
Other charges	(120,226		)	(195,621		)	(1,791,878		)	(101,837		)	(194,579		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,853,914		)	(1,612,796		)	9,488,456			663,649			(198,822		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(2,056,506		)	3,120,234			14,735,802			3,075,818			5,323,892

NET ASSETS
Beginning of period	19,815,887			22,256,795			188,386,338			11,047,408			15,905,990
End of period	$	17,759,381		$	25,377,029		$	203,122,140		$	14,123,226		$	21,229,882

Beginning units	2,162,054			1,133,513			16,577,521			1,018,667			1,400,010
Units issued	3,159,215			191,385			2,592,760			224,795			344,931
Units redeemed	(3,362,797		)	(254,537		)	(1,761,830		)	(176,844		)	(357,061		)
Ending units	1,958,472			1,070,361			17,408,451			1,066,618			1,387,880

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, 2017



	SUBACCOUNTS
	AST Investment Grade Bond Portfolio			AST Western Asset Core Plus Bond Portfolio			AST Bond Portfolio 2018			AST Bond Portfolio 2019			AST Global Real Estate Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(2,464,404	)	$	(1,148,567	)	$	(281,964	)	$	(22,988	)	$	(130,384	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	1,413,856			847,705			142,924			12,921			150,950
Net change in unrealized appreciation (depreciation) on investments	5,905,691			3,463,321			(66,575		)	(2,602		)	730,255
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	4,855,143			3,162,459			(205,615		)	(12,669		)	750,821

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			3,047,735			—			—			187,301
Annuity payments	(1,970		)	(5,268		)	—			—			—
Surrenders, withdrawals and death benefits	(7,913,228		)	(3,699,938		)	(2,129,209		)	(169,959		)	(262,918		)
Net transfers between other subaccounts
or fixed rate option	(139,993,651		)	8,850,461			8,191,664			(158,342		)	235,684
Miscellaneous transactions	6,126			(1,534		)	(92		)	—			(172		)
Other charges	(1,773,823		)	(647,470		)	(2,168		)	(375		)	(72,553		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(149,676,546		)	7,543,986			6,060,195			(328,676		)	87,342

TOTAL INCREASE (DECREASE) IN NET ASSETS	(144,821,403		)	10,706,445			5,854,580			(341,345		)	838,163

NET ASSETS
Beginning of period	239,553,910			65,781,567			11,811,303			1,210,384			8,056,289
End of period	$	94,732,507		$	76,488,012		$	17,665,883		$	869,039		$	8,894,452

Beginning units	18,562,401			5,381,957			1,049,426			103,829			557,489
Units issued	5,501,165			1,339,188			827,285			1,201			86,681
Units redeemed	(17,138,598		)	(722,243		)	(289,234		)	(28,947		)	(81,399		)
Ending units	6,924,968			5,998,902			1,587,477			76,083			562,771

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, 2017



	SUBACCOUNTS
	AST Parametric Emerging Markets Equity Portfolio			AST Goldman Sachs Small-Cap Value Portfolio			AST RCM World Trends Portfolio			AST J.P. Morgan Global Thematic Portfolio			AST Goldman Sachs Multi-Asset Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(392,671	)	$	(517,013	)	$	(6,510,576	)	$	(3,219,059	)	$	(3,317,408	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	404,771			1,854,553			6,607,668			3,770,835			3,526,336
Net change in unrealized appreciation (depreciation) on investments	5,226,333			2,096,487			56,335,213			28,119,024			20,648,497
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	5,238,433			3,434,027			56,432,305			28,670,800			20,857,425

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	272,084			2,329,773			11,093,240			13,487,723			8,272,085
Annuity payments	—			—			(27,084		)	—			(42,099		)
Surrenders, withdrawals and death benefits	(888,453		)	(1,304,154		)	(15,509,408		)	(6,644,357		)	(8,856,533		)
Net transfers between other subaccounts
or fixed rate option	3,287,933			121,804			226,999			5,675,188			34,253,412
Miscellaneous transactions	(189		)	(135		)	(832		)	604			(1,855		)
Other charges	(254,033		)	(287,798		)	(4,643,310		)	(2,208,576		)	(2,354,827		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	2,417,342			859,490			(8,860,395		)	10,310,582			31,270,183

TOTAL INCREASE (DECREASE) IN NET ASSETS	7,655,775			4,293,517			47,571,910			38,981,382			52,127,608

NET ASSETS
Beginning of period	20,397,407			30,919,319			391,847,840			185,732,280			179,412,460
End of period	$	28,053,182		$	35,212,836		$	439,419,750		$	224,713,662		$	231,540,068

Beginning units	2,293,083			1,475,802			31,175,934			13,670,743			14,821,429
Units issued	591,913			351,672			1,457,862			1,795,900			4,220,463
Units redeemed	(349,419		)	(290,524		)	(2,017,809		)	(979,814		)	(1,528,335		)
Ending units	2,535,577			1,536,950			30,615,987			14,486,829			17,513,557

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, 2017



	SUBACCOUNTS
	ProFund VP Consumer Services			ProFund VP Consumer Goods			ProFund VP Financials			ProFund VP Health Care			ProFund VP Industrials
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(2,937	)	$	(1,358	)	$	(3,072	)	$	(2,944	)	$	(6,553	)
Capital gains distributions received	—			1,944			—			13,121			—
Net realized gain (loss) on shares redeemed	12,771			31,708			22,431			21,062			48,273
Net change in unrealized appreciation (depreciation) on investments	23,722			(5,434		)	28,605			5,687			51,576
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	33,556			26,860			47,964			36,926			93,296

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	7,500			—			3,974			9,480			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(2,240		)	(3,158		)	(1,889		)	(12,533		)	(171,039		)
Net transfers between other subaccounts
or fixed rate option	54,509			(108,634		)	(27,035		)	(5,082		)	174,849
Miscellaneous transactions	—			—			—			—			—
Other charges	(1,796		)	(1,754		)	(2,772		)	(1,856		)	(3,895		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	57,973			(113,546		)	(27,722		)	(9,991		)	(85		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	91,529			(86,686		)	20,242			26,935			93,211

NET ASSETS
Beginning of period	173,107			242,847			308,114			197,097			493,294
End of period	$	264,636		$	156,161		$	328,356		$	224,032		$	586,505

Beginning units	7,882			13,816			26,700			9,562			31,826
Units issued	3,684			1,197			1,750			1,425			11,769
Units redeemed	(1,267		)	(7,191		)	(4,193		)	(1,898		)	(12,566		)
Ending units	10,299			7,822			24,257			9,089			31,029

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, 2017



	SUBACCOUNTS
	ProFund VP Mid-Cap Growth			ProFund VP Mid-Cap Value			ProFund VP Real Estate			ProFund VP Small-Cap Growth			ProFund VP Small-Cap Value
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(4,762	)	$	(2,962	)	$	(614	)	$	(3,145	)	$	(957	)
Capital gains distributions received	27,695			15,161			5,264			17,107			431
Net realized gain (loss) on shares redeemed	8,963			6,157			1,529			4,688			3,019
Net change in unrealized appreciation (depreciation) on investments	15,651			1,850			1,473			3,246			803
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	47,547			20,206			7,652			21,896			3,296

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(13,359		)	(2,913		)	(82		)	(11,526		)	(270		)
Net transfers between other subaccounts
or fixed rate option	(26,811		)	(31,737		)	8,176			(21,205		)	(25,361		)
Miscellaneous transactions	—			(26		)	—			—			—
Other charges	(2,670		)	(2,024		)	(1,055		)	(1,777		)	(521		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(42,840		)	(36,700		)	7,039			(34,508		)	(26,152		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	4,707			(16,494		)	14,691			(12,612		)	(22,856		)

NET ASSETS
Beginning of period	304,485			245,402			115,599			209,200			69,390
End of period	$	309,192		$	228,908		$	130,290		$	196,588		$	46,534

Beginning units	17,756			14,570			9,073			10,964			3,868
Units issued	3,185			1,860			914			1,586			657
Units redeemed	(5,468		)	(3,954		)	(381		)	(3,292		)	(2,119		)
Ending units	15,473			12,476			9,606			9,258			2,406

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, 2017



	SUBACCOUNTS
	ProFund VP Telecommu-nications			ProFund VP Utilities			ProFund VP Large-Cap Growth			ProFund VP Large-Cap Value			AST Bond Portfolio 2020
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	1,501		$	551		$	(2,751	)	$	(654	)	$	(64,095	)
Capital gains distributions received	2,748			2,654			7,189			—			—
Net realized gain (loss) on shares redeemed	2,958			3,864			2,508			1,472			108,700
Net change in unrealized appreciation (depreciation) on investments	(9,392		)	(1,532		)	30,376			16,259			(67,248		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(2,185		)	5,537			37,322			17,077			(22,643		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(11,028		)	(1,398		)	(480		)	(716		)	(360,173		)
Net transfers between other subaccounts
or fixed rate option	322			(10,039		)	22,558			15,747			(2,243,872		)
Miscellaneous transactions	—			—			—			—			4
Other charges	(447		)	(656		)	(2,196		)	(1,375		)	(374		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(11,153		)	(12,093		)	19,882			13,656			(2,604,415		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	(13,338		)	(6,556		)	57,204			30,733			(2,627,058		)

NET ASSETS
Beginning of period	61,307			82,884			148,495			132,666			3,882,214
End of period	$	47,969		$	76,328		$	205,699		$	163,399		$	1,255,156

Beginning units	4,627			6,130			9,081			9,831			320,721
Units issued	715			1,171			2,564			2,179			3,669
Units redeemed	(1,588		)	(2,153		)	(1,450		)	(1,170		)	(218,626		)
Ending units	3,754			5,148			10,195			10,840			105,764

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, 2017



	SUBACCOUNTS
	AST Jennison Large-Cap Growth Portfolio			AST Bond Portfolio 2017			AST Bond Portfolio 2021			Wells Fargo VT International Equity Fund (Class 1)			Wells Fargo VT Omega Growth Fund (Class 1)
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(333,440	)	$	(209,347	)	$	(221,043	)	$	568		$	(5,569	)
Capital gains distributions received	—			—			—			—			11,530
Net realized gain (loss) on shares redeemed	1,479,107			349,536			195,807			218			1,390
Net change in unrealized appreciation (depreciation) on investments	5,362,323			(262,591		)	(17,081		)	8,069			97,215
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	6,507,990			(122,402		)	(42,317		)	8,855			104,566

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,839,860			—			—			—			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(1,210,387		)	(746,425		)	(952,066		)	—			—
Net transfers between other subaccounts
or fixed rate option	(97,954		)	(11,271,140		)	(2,411,149		)	(3,092		)	(2,814		)
Miscellaneous transactions	969			137			—			—			—
Other charges	(197,008		)	(3,100		)	(2,832		)	(28		)	—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	335,480			(12,020,528		)	(3,366,047		)	(3,120		)	(2,814		)

TOTAL INCREASE (DECREASE) IN NET ASSETS	6,843,470			(12,142,930		)	(3,408,364		)	5,735			101,752

NET ASSETS
Beginning of period	18,697,430			12,456,044			11,123,587			40,181			321,533
End of period	$	25,540,900		$	313,114		$	7,715,223		$	45,916		$	423,285

Beginning units	1,031,144			1,139,319			892,155			2,609			106,567
Units issued	271,695			2,157			26,495			—			—
Units redeemed	(230,031		)	(1,112,299		)	(290,505		)	(179		)	(809		)
Ending units	1,072,808			29,177			628,145			2,430			105,758

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, 2017



	SUBACCOUNTS
	AST Bond Portfolio 2022			AST Quantitative Modeling Portfolio			AST BlackRock Global Strategies Portfolio			Wells Fargo VT Opportunity Fund (Class 1)			AST Prudential Core Bond Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(169,924	)	$	(236,865	)	$	(2,298,715	)	$	(1,331	)	$	(297,841	)
Capital gains distributions received	—			—			—			12,704			—
Net realized gain (loss) on shares redeemed	98,437			245,140			2,161,481			8,893			214,351
Net change in unrealized appreciation (depreciation) on investments	41,899			5,221,391			15,084,521			8,221			1,041,292
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(29,588		)	5,229,666			14,947,287			28,487			957,802

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			12,949,660			8,374,385			—			3,481,800
Annuity payments	—			—			(107,426		)	—			—
Surrenders, withdrawals and death benefits	(180,771		)	(1,662,728		)	(6,944,096		)	(24,923		)	(1,460,954		)
Net transfers between other subaccounts
or fixed rate option	(1,065,030		)	952,851			2,969,220			(1,022		)	3,812,612
Miscellaneous transactions	(25		)	(15		)	(1,840		)	—			(182		)
Other charges	(1,955		)	(154,827		)	(1,485,293		)	(25		)	(188,508		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(1,247,781		)	12,084,941			2,804,950			(25,970		)	5,644,768

TOTAL INCREASE (DECREASE) IN NET ASSETS	(1,277,369		)	17,314,607			17,752,237			2,517			6,602,570

NET ASSETS
Beginning of period	8,477,766			24,699,375			136,039,732			168,425			19,811,426
End of period	$	7,200,397		$	42,013,982		$	153,791,969		$	170,942		$	26,413,996

Beginning units	721,225			1,960,199			11,985,530			9,323			1,829,523
Units issued	59,610			1,027,527			1,024,589			22			927,449
Units redeemed	(163,615		)	(164,066		)	(779,236		)	(1,375		)	(420,117		)
Ending units	617,220			2,823,660			12,230,883			7,970			2,336,855

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, 2017



	SUBACCOUNTS
	AST Bond Portfolio 2023			AST New Discovery Asset Allocation Portfolio			AST Western Asset Emerging Markets Debt Portfolio			AST MFS Large-Cap Value Portfolio			AST Bond Portfolio 2024
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(28,087	)	$	(951,951	)	$	(4,959	)	$	(241,020	)	$	(26,848	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	(5,993		)	1,273,872			3,908			637,758			10,011
Net change in unrealized appreciation (depreciation) on investments	34,373			7,907,845			46,589			1,999,162			(16,864		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	293			8,229,766			45,538			2,395,900			(33,701		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			3,526,262			193,801			1,448,867			—
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(18,640		)	(2,364,574		)	(19,017		)	(932,093		)	(381,410		)
Net transfers between other subaccounts
or fixed rate option	(483,183		)	753,791			96,546			214,828			4,269,618
Miscellaneous transactions	18			387			2			(81		)	—
Other charges	(430		)	(685,311		)	(2,747		)	(135,330		)	(120		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(502,235		)	1,230,555			268,585			596,191			3,888,088

TOTAL INCREASE (DECREASE) IN NET ASSETS	(501,942		)	9,460,321			314,123			2,992,091			3,854,387

NET ASSETS
Beginning of period	1,834,734			55,405,327			434,686			14,585,654			386,787
End of period	$	1,332,792		$	64,865,648		$	748,809		$	17,577,745		$	4,241,174

Beginning units	180,982			4,532,636			43,100			925,962			38,867
Units issued	15,690			607,356			29,813			312,990			430,823
Units redeemed	(65,504		)	(499,118		)	(4,604		)	(266,950		)	(37,446		)
Ending units	131,168			4,640,874			68,309			972,002			432,244

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, 2017



	SUBACCOUNTS
	AST AQR Emerging Markets Equity Portfolio			AST ClearBridge Dividend Growth Portfolio			AST Multi-Sector Fixed Income Portfolio			AST AQR Large-Cap Portfolio			AST QMA Large-Cap Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(14,945	)	$	(227,952	)	$	(21,845,427	)	$	(10,166	)	$	(8,679	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	21,390			762,079			625,395			13,041			7,300
Net change in unrealized appreciation (depreciation) on investments	401,652			1,657,510			94,947,952			221,687			170,628
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	408,097			2,191,637			73,727,920			224,562			169,249

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	315,769			1,062,520			242,631,070			286,710			191,868
Annuity payments	—			—			(157,550		)	—			—
Surrenders, withdrawals and death benefits	(27,943		)	(1,668,977		)	(52,202,071		)	(63,867		)	(20,795		)
Net transfers between other subaccounts
or fixed rate option	1,119,904			(697,567		)	—			115,253			55,159
Miscellaneous transactions	2,310			(46		)	9,645			7			—
Other charges	(6,646		)	(118,795		)	(181,478		)	(4,311		)	(3,209		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	1,403,394			(1,422,865		)	190,099,616			333,792			223,023

TOTAL INCREASE (DECREASE) IN NET ASSETS	1,811,491			768,772			263,827,536			558,354			392,272

NET ASSETS
Beginning of period	635,289			14,260,317			1,017,452,277			907,318			697,605
End of period	$	2,446,780		$	15,029,089		$	1,281,279,813		$	1,465,672		$	1,089,877

Beginning units	65,960			1,026,274			96,517,392			64,268			47,941
Units issued	141,934			245,592			18,070,920			28,196			18,153
Units redeemed	(14,706		)	(341,226		)	(638,238		)	(6,116		)	(3,367		)
Ending units	193,188			930,640			113,950,074			86,348			62,727

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, 2017



	SUBACCOUNTS
	AST Bond Portfolio 2025			AST T. Rowe Price Growth Opportunities Portfolio			AST Goldman Sachs Global Growth Allocation Portfolio			AST T. Rowe Price Diversified Real Growth Portfolio			AST Prudential Flexible Multi-Strategy Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(10,209	)	$	(1,253,540	)	$	(23,553	)	$	(40,614	)	$	(61,328	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	11,141			363,551			37,614			125,655			99,978
Net change in unrealized appreciation (depreciation) on investments	937			14,590,714			537,696			953,497			1,493,182
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,869			13,700,725			551,757			1,038,538			1,531,832

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	—			26,206,034			597,540			1,009,306			2,534,042
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(52,160		)	(1,389,558		)	(138,666		)	(199,029		)	(578,086		)
Net transfers between other subaccounts
or fixed rate option	(131,336		)	5,019,094			(35,208		)	(520,847		)	5,951
Miscellaneous transactions	—			5,724			(197		)	—			(47		)
Other charges	(71		)	(998,333		)	(22,031		)	(38,324		)	(57,897		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	(183,567		)	28,842,961			401,438			251,106			1,903,963

TOTAL INCREASE (DECREASE) IN NET ASSETS	(181,698		)	42,543,686			953,195			1,289,644			3,435,795

NET ASSETS
Beginning of period	484,463			63,454,015			3,289,870			5,491,170			8,453,104
End of period	$	302,765		$	105,997,701		$	4,243,065		$	6,780,814		$	11,888,899

Beginning units	43,685			5,808,359			310,190			503,465			760,931
Units issued	17,219			2,556,319			62,107			89,046			231,918
Units redeemed	(33,266		)	(191,648		)	(27,476		)	(64,623		)	(70,941		)
Ending units	27,638			8,173,030			344,821			527,888			921,908

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, 2017



	SUBACCOUNTS
	AST BlackRock Multi-Asset Income Portfolio			AST Franklin Templeton K2 Global Absolute Return Portfolio			AST Managed Equity Portfolio			AST Managed Fixed Income Portfolio			AST FQ Absolute Return Currency Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(39,702	)	$	(16,741	)	$	(16,696	)	$	(31,847	)	$	(3,130	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	35,424			11,921			52,252			15,758			2,179
Net change in unrealized appreciation (depreciation) on investments	325,791			193,746			574,153			172,704			(18,802		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	321,513			188,926			609,709			156,615			(19,753		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	1,097,748			273,994			1,053,606			1,125,785			109,668
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(445,414		)	(126,852		)	(140,184		)	(210,588		)	(21,533		)
Net transfers between other subaccounts
or fixed rate option	(7,252		)	18,909			(193,758		)	(119,296		)	9,915
Miscellaneous transactions	(186		)	—			390			(25		)	(1		)
Other charges	(38,285		)	(16,618		)	(15,894		)	(30,786		)	(2,964		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	606,611			149,433			704,160			765,090			95,085

TOTAL INCREASE (DECREASE) IN NET ASSETS	928,124			338,359			1,313,869			921,705			75,332

NET ASSETS
Beginning of period	5,863,332			2,702,187			2,245,161			4,487,251			453,809
End of period	$	6,791,456		$	3,040,546		$	3,559,030		$	5,408,956		$	529,141

Beginning units	575,794			284,021			212,912			444,371			43,063
Units issued	111,396			43,233			102,516			127,737			12,645
Units redeemed	(54,089		)	(27,889		)	(42,022		)	(53,393		)	(3,710		)
Ending units	633,101			299,365			273,406			518,715			51,998

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, 2017



	SUBACCOUNTS
	AST Jennison Global Infrastructure Portfolio			AST PIMCO Dynamic Bond Portfolio			AST Legg Mason Diversified Growth Portfolio			AST Bond Portfolio 2026			AST AB Global Bond Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(8,086	)	$	(4,510	)	$	(415,177	)	$	(413,013	)	$	(8,704	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	11,498			464			105,320			(233,781		)	5,112
Net change in unrealized appreciation (depreciation) on investments	220,649			(4,207		)	3,601,756			921,999			30,580
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	224,061			(8,253		)	3,291,899			275,205			26,988

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	300,134			194,320			12,029,832			—			390,582
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(12,214		)	(47,134		)	(284,263		)	(1,848,814		)	(49,840		)
Net transfers between other subaccounts
or fixed rate option	124,175			34,536			2,087,710			(5,394,703		)	(24,609		)
Miscellaneous transactions	32			—			684			(286		)	(3		)
Other charges	(7,375		)	(4,267		)	(317,144		)	(4,775		)	(8,209		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	404,752			177,455			13,516,819			(7,248,578		)	307,921

TOTAL INCREASE (DECREASE) IN NET ASSETS	628,813			169,202			16,808,718			(6,973,373		)	334,909

NET ASSETS
Beginning of period	1,053,776			619,180			18,832,831			23,602,703			1,260,708
End of period	$	1,682,589		$	788,382		$	35,641,549		$	16,629,330		$	1,595,617

Beginning units	105,593			64,200			1,809,018			2,384,023			120,157
Units issued	44,851			27,731			1,305,833			1,063,082			43,589
Units redeemed	(7,826		)	(9,376		)	(83,963		)	(1,771,147		)	(14,557		)
Ending units	142,618			82,555			3,030,888			1,675,958			149,189

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, 2017



	SUBACCOUNTS
	AST Goldman Sachs Global Income Portfolio			AST Morgan Stanley Multi-Asset Portfolio			AST Wellington Management Global Bond Portfolio			AST Neuberger Berman Long/Short Portfolio			AST Wellington Management Real Total Return Portfolio
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(2,710	)	$	(962	)	$	(2,117	)	$	(5,500	)	$	(1,744	)
Capital gains distributions received	—			—			—			—			—
Net realized gain (loss) on shares redeemed	933			58			963			1,728			167
Net change in unrealized appreciation (depreciation) on investments	7,685			264			7,613			102,415			3,678
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	5,908			(640		)	6,459			98,643			2,101

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	305,908			37,191			83,309			151,858			48,401
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(17,012		)	(5,470		)	(4,092		)	(9,444		)	(7,669		)
Net transfers between other subaccounts
or fixed rate option	(11,657		)	6,785			43,259			57,501			(12,906		)
Miscellaneous transactions	(1		)	—			(76		)	1			(41		)
Other charges	(2,329		)	(936		)	(2,069		)	(4,936		)	(1,651		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	274,909			37,570			120,331			194,980			26,134

TOTAL INCREASE (DECREASE) IN NET ASSETS	280,817			36,930			126,790			293,623			28,235

NET ASSETS
Beginning of period	214,414			148,391			329,321			701,268			256,534
End of period	$	495,231		$	185,321		$	456,111		$	994,891		$	284,769

Beginning units	20,657			16,252			32,002			70,476			28,277
Units issued	31,424			4,808			15,202			20,499			14,403
Units redeemed	(4,797		)	(659		)	(3,680		)	(1,896		)	(11,474		)
Ending units	47,284			20,401			43,524			89,079			31,206

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, 2017



	SUBACCOUNTS
	AST QMA International Core Equity Portfolio			AST Managed Alternatives Portfolio			AST Emerging Managers Diversified Portfolio			AST Columbia Adaptive Risk Allocation Portfolio			Blackrock Global Allocation V.I. Fund (Class III)
	1/1/2017			1/1/2017			1/1/2017			1/1/2017			1/1/2017
	to			to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	(2,942	)	$	(7,771	)	$	(3,844	)	$	(6,541	)	$	25,896
Capital gains distributions received	—			—			—			—			44,791
Net realized gain (loss) on shares redeemed	4,109			2,798			6,521			5,563			31,525
Net change in unrealized appreciation (depreciation) on investments	89,150			29,499			80,242			140,902			318,802
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	90,317			24,526			82,919			139,924			421,014

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	294,786			557,340			461,649			338,440			686,226
Annuity payments	—			—			—			—			—
Surrenders, withdrawals and death benefits	(9,952		)	(37,244		)	(26,974		)	(10,761		)	(305,218		)
Net transfers between other subaccounts
or fixed rate option	128,359			42,020			21,809			3,047			(47,430		)
Miscellaneous transactions	(10		)	(83		)	(51		)	89			(16		)
Other charges	(2,578		)	(7,168		)	(3,235		)	(6,316		)	(19,758		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	410,605			554,865			453,198			324,499			313,804

TOTAL INCREASE (DECREASE) IN NET ASSETS	500,922			579,391			536,117			464,423			734,818

NET ASSETS
Beginning of period	277,812			1,039,757			399,799			868,215			3,165,064
End of period	$	778,734		$	1,619,148		$	935,916		$	1,332,638		$	3,899,882

Beginning units	28,812			107,203			39,743			82,728			307,720
Units issued	42,000			68,578			51,548			36,216			68,607
Units redeemed	(4,435		)	(12,214		)	(9,200		)	(6,701		)	(40,816		)
Ending units	66,377			163,567			82,091			112,243			335,511

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, 2017



	SUBACCOUNTS
	JPMorgan Insurance Trust Income Builder Portfolio (Class 2)			AST Bond Portfolio 2027			NVIT Emerging Markets Fund (Class D)			AST Bond Portfolio 2028
	1/1/2017			1/1/2017			1/1/2017			1/3/2017*
	to			to			to			to
	12/31/2017			12/31/2017			12/31/2017			12/31/2017

OPERATIONS
Net investment income (loss)	$	40,578		$	(331,248	)	$	(2,949	)	$	(279	)
Capital gains distributions received	11,384			—			—			—
Net realized gain (loss) on shares redeemed	6,605			(287,508		)	16,073			(1		)
Net change in unrealized appreciation (depreciation) on investments	71,745			925,910			124,501			(340		)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	130,312			307,154			137,625			(620		)

CONTRACT OWNER TRANSACTIONS
Contract owner net payments	270,703			—			665			—
Annuity payments	—			—			—			—
Surrenders, withdrawals and death benefits	(48,237		)	(2,105,329		)	(129,387		)	—
Net transfers between other subaccounts
or fixed rate option	(26,168		)	(4,923,854		)	8,975			46,949
Miscellaneous transactions	29			(31		)	—			—
Other charges	(7,403		)	(4,774		)	(554		)	—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS	188,924			(7,033,988		)	(120,301		)	46,949

TOTAL INCREASE (DECREASE) IN NET ASSETS	319,236			(6,726,834		)	17,324			46,329

NET ASSETS
Beginning of period	1,114,966			19,709,809			444,708			—
End of period	$	1,434,202		$	12,982,975		$	462,032		$	46,329

Beginning units	105,764			2,000,548			45,689			—
Units issued	25,722			946,536			4,766			4,647
Units redeemed	(8,928		)	(1,635,597		)	(16,265		)	—
Ending units	122,558			1,311,487			34,190			4,647

* Date subaccount became available for investment.

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

A83

NOTES TO FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

December 31, 2018

Note 1: General

Pruco Life of New Jersey Flexible Premium Variable Annuity Account (the “Account”) was established under 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, are invested in the Account (individually, the “Contract” and collectively, the “Contracts”). 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	Strategic Partners Advisor
Discovery Select	Strategic Partners FlexElite
Prudential Defined Income 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
Prudential Premier Variable Annuity Bb Series

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 for the 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:



Prudential Government Money Market Portfolio	AB VPS Large Cap Growth Portfolio (Class B)
Prudential Diversified Bond Portfolio	Prudential SP Small Cap Value Portfolio (Class I)
Prudential Equity Portfolio (Class I)	Janus Henderson VIT Research Portfolio
Prudential Value Portfolio (Class I)	(Service Shares)
Prudential High Yield Bond Portfolio	SP Prudential U.S. Emerging Growth Portfolio (Class I)
Prudential Stock Index Portfolio	Prudential SP International Growth Portfolio (Class I)
Prudential Global Portfolio	AST Goldman Sachs Large-Cap Value Portfolio
Prudential Jennison Portfolio (Class I)	AST Cohen & Steers Realty Portfolio
Prudential Small Capitalization Stock Portfolio	AST J.P. Morgan Strategic Opportunities Portfolio
T. Rowe Price International Stock Portfolio	AST T. Rowe Price Large-Cap Value Portfolio
T. Rowe Price Equity Income Portfolio (Equity	AST High Yield Portfolio
Income Class)	AST Small-Cap Growth Opportunities Portfolio
Invesco V.I. Core Equity Fund (Series I)	AST WEDGE Capital Mid-Cap Value Portfolio
Janus Henderson VIT Research Portfolio	AST Small-Cap Value Portfolio
(Institutional Shares)	AST Goldman Sachs Mid-Cap Growth Portfolio
Janus Henderson VIT Overseas Portfolio	AST Hotchkis & Wiley Large-Cap Value Portfolio
(Institutional Shares)	AST Lord Abbett Core Fixed Income Portfolio*
MFS® Research Series (Initial Class)	AST Loomis Sayles Large-Cap Growth Portfolio
MFS® Growth Series (Initial Class)	AST MFS Growth Portfolio
American Century VP Value Fund (Class I)	AST Neuberger Berman/LSV Mid-Cap Value Portfolio
Franklin Small-Mid Cap Growth VIP Fund	AST BlackRock Low Duration Bond Portfolio
(Class 2)	AST QMA US Equity Alpha Portfolio
Prudential Jennison 20/20 Focus Portfolio	AST T. Rowe Price Natural Resources Portfolio
(Class I)	AST T. Rowe Price Asset Allocation Portfolio
Davis Value Portfolio	AST MFS Global Equity Portfolio

A84


Note 1:	General (Continued)



AST J.P. Morgan International Equity Portfolio	AST BlackRock Global Strategies Portfolio
AST Templeton Global Bond Portfolio	Wells Fargo VT Opportunity Fund (Class 1)
AST Wellington Management Hedged Equity Portfolio	AST Prudential Core Bond Portfolio
AST Capital Growth Asset Allocation Portfolio	AST Bond Portfolio 2023
AST Academic Strategies Asset Allocation Portfolio	AST New Discovery Asset Allocation Portfolio
AST Balanced Asset Allocation Portfolio	AST Western Asset Emerging Markets Debt Portfolio
AST Preservation Asset Allocation Portfolio	AST MFS Large-Cap Value Portfolio
AST Fidelity Institutional AM℠ Quantitative	AST Bond Portfolio 2024
Portfolio (formerly AST FI Pyramis	AST AQR Emerging Markets Equity Portfolio
Quantitative Portfolio)	AST ClearBridge Dividend Growth Portfolio
AST Prudential Growth Allocation Portfolio	AST Multi-Sector Fixed Income Portfolio
AST Advanced Strategies Portfolio	AST AQR Large-Cap Portfolio
AST T. Rowe Price Large-Cap Growth Portfolio	AST QMA Large-Cap Portfolio
AST Government Money Market Portfolio	AST Bond Portfolio 2025
AST Small-Cap Growth Portfolio	AST T. Rowe Price Growth Opportunities Portfolio
AST BlackRock/Loomis Sayles Bond Portfolio	AST Goldman Sachs Global Growth
AST International Value Portfolio	Allocation Portfolio
AST International Growth Portfolio	AST T. Rowe Price Diversified Real Growth Portfolio
AST Investment Grade Bond Portfolio	AST Prudential Flexible Multi-Strategy Portfolio
AST Western Asset Core Plus Bond Portfolio	AST BlackRock Multi-Asset Income Portfolio***
AST Bond Portfolio 2018***	AST Franklin Templeton K2 Global Absolute
AST Bond Portfolio 2019	Return Portfolio
AST Global Real Estate Portfolio	AST Managed Equity Portfolio
AST Parametric Emerging Markets Equity Portfolio	AST Managed Fixed Income Portfolio
AST Goldman Sachs Small-Cap Value Portfolio	AST FQ Absolute Return Currency Portfolio
AST RCM World Trends Portfolio	AST Jennison Global Infrastructure Portfolio
AST J.P. Morgan Global Thematic Portfolio	AST PIMCO Dynamic Bond Portfolio (formerly AST
AST Goldman Sachs Multi-Asset Portfolio	Goldman Sachs Strategic Income Portfolio)
ProFund VP Consumer Services	AST Legg Mason Diversified Growth Portfolio
ProFund VP Consumer Goods	AST Bond Portfolio 2026
ProFund VP Financials	AST AB Global Bond Portfolio
ProFund VP Health Care	AST Goldman Sachs Global Income Portfolio
ProFund VP Industrials	AST Morgan Stanley Multi-Asset Portfolio
ProFund VP Mid-Cap Growth	AST Wellington Management Global Bond Portfolio
ProFund VP Mid-Cap Value	AST Neuberger Berman Long/Short Portfolio
ProFund VP Real Estate	AST Wellington Management Real Total
ProFund VP Small-Cap Growth	Return Portfolio
ProFund VP Small-Cap Value	AST QMA International Core Equity Portfolio
ProFund VP Telecommunications	AST Managed Alternatives Portfolio
ProFund VP Utilities	AST Emerging Managers Diversified Portfolio
ProFund VP Large-Cap Growth	AST Columbia Adaptive Risk Allocation Portfolio
ProFund VP Large-Cap Value	Blackrock Global Allocation V.I. Fund (Class III)
AST Bond Portfolio 2020	JPMorgan Insurance Trust Income Builder
AST Jennison Large-Cap Growth Portfolio	Portfolio (Class 2)
AST Bond Portfolio 2017***	AST Bond Portfolio 2027
AST Bond Portfolio 2021	NVIT Emerging Markets Fund (Class D)
Wells Fargo VT International Equity Fund (Class 1)	AST Bond Portfolio 2028
Wells Fargo VT Omega Growth Fund (Class 1)	AST Bond Portfolio 2029
AST Bond Portfolio 2022	AST American Funds Growth Allocation Portfolio
AST Quantitative Modeling Portfolio	Wells Fargo VT Small Cap Growth Fund (Class 1)**


*	Subaccount was no longer available for investment as of December 31, 2018.


**	Subaccount was available for investment but had no assets as of December 31, 2018, and had no activity during 2018.


***	Subaccount liquidated during the period ended December 31, 2018.

The following table sets forth the date at which a merger took place in the Account. The transfer from the removed subaccount to the surviving subaccount for the period ended December 31, 2018 is reflected in the Statements of Changes in Net Assets as net transfers between subaccounts and purchases and sales in Note 5.

A85


Note 1:	General (Continued)



Merger Date	Removed Portfolio	Surviving Portfolio
September 14, 2018	AST Lord Abbett Core Fixed Income Portfolio	AST Western Asset Core Plus Bond Portfolio

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

New sales of certain products which invest in the Account have been discontinued. However, premium payments made by contract owners will continue to be received by the Account.


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 accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of investment in the Portfolios. Subsequent events have been evaluated through the date these financial statements were issued.

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 changes 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 an average cost of the investment sold.

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


Note 3:	Fair Value Measurements

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

Level 1—Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities

that the Account can access.

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

A86


Note 3:	Fair Value Measurements (Continued)

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, 2018, 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.

Transfers between Fair Value Levels

During the period ended December 31, 2018, there were no transfers between fair value levels.


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, 2018 were as follows:



	Purchases		Sales
Prudential Government Money Market Portfolio	$	3,069,474	$	4,417,821
Prudential Diversified Bond Portfolio	360,659		2,506,569
Prudential Equity Portfolio (Class I)	97,850		3,505,958
Prudential Value Portfolio (Class I)	157,659		5,499,577
Prudential High Yield Bond Portfolio	378,431		2,847,218
Prudential Stock Index Portfolio	6,020,904		6,490,668
Prudential Global Portfolio	29,091		1,471,865
Prudential Jennison Portfolio (Class I)	145,313		5,796,423
Prudential Small Capitalization Stock Portfolio	1,730,564		681,004
T. Rowe Price International Stock Portfolio	64,592		294,376
T. Rowe Price Equity Income Portfolio (Equity Income Class)	20,188		943,508
Invesco V.I. Core Equity Fund (Series I)	38,306		967,521
Janus Henderson VIT Research Portfolio (Institutional Shares)	13,698		865,614
Janus Henderson VIT Overseas Portfolio (Institutional Shares)	49,481		423,155
MFS® Research Series (Initial Class)	5,123		152,885
MFS® Growth Series (Initial Class)	101,933		1,559,157
American Century VP Value Fund (Class I)	4,677		214,188
Franklin Small-Mid Cap Growth VIP Fund (Class 2)	15,841		1,118,041
Prudential Jennison 20/20 Focus Portfolio (Class I)	37,515		470,854
Davis Value Portfolio	9,206		490,661
AB VPS Large Cap Growth Portfolio (Class B)	5,026		499,087
Prudential SP Small Cap Value Portfolio (Class I)	37,924		1,007,100
Janus Henderson VIT Research Portfolio (Service Shares)	8,408		72,189
SP Prudential U.S. Emerging Growth Portfolio (Class I)	44,696		1,142,694
Prudential SP International Growth Portfolio (Class I)	55,120		299,813

A87


Note 5:	Purchases and Sales of Investments (Continued)



	Purchases		Sales
AST Goldman Sachs Large-Cap Value Portfolio	$	3,822,414	$	15,777,755
AST Cohen & Steers Realty Portfolio	4,987,503		7,903,130
AST J.P. Morgan Strategic Opportunities Portfolio	10,159,719		31,866,349
AST T. Rowe Price Large-Cap Value Portfolio	3,619,902		2,337,842
AST High Yield Portfolio	6,409,360		7,281,653
AST Small-Cap Growth Opportunities Portfolio	5,194,174		7,894,321
AST WEDGE Capital Mid-Cap Value Portfolio	1,035,630		2,431,146
AST Small-Cap Value Portfolio	2,850,930		5,059,765
AST Goldman Sachs Mid-Cap Growth Portfolio	8,919,826		15,774,135
AST Hotchkis & Wiley Large-Cap Value Portfolio	8,450,898		7,629,406
AST Lord Abbett Core Fixed Income Portfolio	5,468,635		58,572,856
AST Loomis Sayles Large-Cap Growth Portfolio	5,434,898		18,121,900
AST MFS Growth Portfolio	7,366,854		7,858,449
AST Neuberger Berman/LSV Mid-Cap Value Portfolio	4,338,235		8,594,090
AST BlackRock Low Duration Bond Portfolio	4,741,232		5,478,424
AST QMA US Equity Alpha Portfolio	6,907,636		7,231,559
AST T. Rowe Price Natural Resources Portfolio	3,544,298		8,973,275
AST T. Rowe Price Asset Allocation Portfolio	44,460,038		152,938,240
AST MFS Global Equity Portfolio	4,351,178		7,295,160
AST J.P. Morgan International Equity Portfolio	5,427,279		7,221,353
AST Templeton Global Bond Portfolio	2,407,500		4,554,001
AST Wellington Management Hedged Equity Portfolio	10,665,810		24,085,029
AST Capital Growth Asset Allocation Portfolio	59,024,837		120,264,557
AST Academic Strategies Asset Allocation Portfolio	17,720,497		90,335,084
AST Balanced Asset Allocation Portfolio	35,465,752		110,147,529
AST Preservation Asset Allocation Portfolio	30,078,351		88,496,022
AST Fidelity Institutional AM℠ Quantitative Portfolio	16,240,302		61,517,278
AST Prudential Growth Allocation Portfolio	43,239,653		222,724,544
AST Advanced Strategies Portfolio	18,961,110		95,299,931
AST T. Rowe Price Large-Cap Growth Portfolio	19,628,296		24,778,392
AST Government Money Market Portfolio	41,086,834		32,707,222
AST Small-Cap Growth Portfolio	7,639,222		8,886,576
AST BlackRock/Loomis Sayles Bond Portfolio	17,541,049		47,562,248
AST International Value Portfolio	2,643,869		3,242,845
AST International Growth Portfolio	5,856,054		4,749,811
AST Investment Grade Bond Portfolio	705,740,899		194,494,489
AST Western Asset Core Plus Bond Portfolio	64,130,553		24,722,310
AST Bond Portfolio 2018	2,121,476		19,843,149
AST Bond Portfolio 2019	17,969,591		3,958,072
AST Global Real Estate Portfolio	783,979		2,296,799
AST Parametric Emerging Markets Equity Portfolio	6,249,920		10,826,306
AST Goldman Sachs Small-Cap Value Portfolio	4,019,488		8,301,837
AST RCM World Trends Portfolio	15,608,031		71,230,198
AST J.P. Morgan Global Thematic Portfolio	18,755,867		35,931,835
AST Goldman Sachs Multi-Asset Portfolio	14,966,245		51,715,613

A88


Note 5:	Purchases and Sales of Investments (Continued)



	Purchases		Sales
ProFund VP Consumer Services	$	64,309	$	56,220
ProFund VP Consumer Goods	15,182		50,807
ProFund VP Financials	64,737		45,400
ProFund VP Health Care	33,736		54,109
ProFund VP Industrials	47,901		139,463
ProFund VP Mid-Cap Growth	29,148		116,361
ProFund VP Mid-Cap Value	68,682		47,924
ProFund VP Real Estate	18,389		23,413
ProFund VP Small-Cap Growth	39,124		54,281
ProFund VP Small-Cap Value	153,904		17,271
ProFund VP Telecommunications	4,313		10,936
ProFund VP Utilities	22,737		28,936
ProFund VP Large-Cap Growth	18,307		49,595
ProFund VP Large-Cap Value	17,507		41,687
AST Bond Portfolio 2020	537,299		308,697
AST Jennison Large-Cap Growth Portfolio	9,357,321		9,896,863
AST Bond Portfolio 2017	—		312,969
AST Bond Portfolio 2021	1,893,763		3,658,131
Wells Fargo VT International Equity Fund (Class 1)	3,015		1,827
Wells Fargo VT Omega Growth Fund (Class 1)	—		13,079
AST Bond Portfolio 2022	1,291,243		3,633,543
AST Quantitative Modeling Portfolio	18,526,476		3,677,755
AST BlackRock Global Strategies Portfolio	13,840,480		25,882,955
Wells Fargo VT Opportunity Fund (Class 1)	—		35,271
AST Prudential Core Bond Portfolio	8,936,986		6,882,965
AST Bond Portfolio 2023	135,114		369,647
AST New Discovery Asset Allocation Portfolio	12,697,273		20,963,412
AST Western Asset Emerging Markets Debt Portfolio	235,351		203,160
AST MFS Large-Cap Value Portfolio	5,137,706		6,887,438
AST Bond Portfolio 2024	2,711,865		2,812,984
AST AQR Emerging Markets Equity Portfolio	1,218,234		756,882
AST ClearBridge Dividend Growth Portfolio	2,154,681		4,875,472
AST Multi-Sector Fixed Income Portfolio	240,800,896		12,512,067
AST AQR Large-Cap Portfolio	680,980		245,670
AST QMA Large-Cap Portfolio	356,094		151,932
AST Bond Portfolio 2025	3,203,367		1,087,809
AST T. Rowe Price Growth Opportunities Portfolio	75,333,220		38,757,176
AST Goldman Sachs Global Growth Allocation Portfolio	688,872		415,251
AST T. Rowe Price Diversified Real Growth Portfolio	1,022,069		618,777
AST Prudential Flexible Multi-Strategy Portfolio	2,919,167		1,009,374
AST BlackRock Multi-Asset Income Portfolio	177,875		6,902,198
AST Franklin Templeton K2 Global Absolute Return Portfolio	474,953		505,865
AST Managed Equity Portfolio	784,560		867,417
AST Managed Fixed Income Portfolio	1,375,749		777,390
AST FQ Absolute Return Currency Portfolio	41,971		57,173

A89


Note 5:	Purchases and Sales of Investments (Continued)



	Purchases		Sales
AST Jennison Global Infrastructure Portfolio	$	278,835	$	170,318
AST PIMCO Dynamic Bond Portfolio	431,689		132,387
AST Legg Mason Diversified Growth Portfolio	12,843,335		10,052,279
AST Bond Portfolio 2026	11,156,491		10,553,531
AST AB Global Bond Portfolio	632,873		416,071
AST Goldman Sachs Global Income Portfolio	35,446		23,126
AST Morgan Stanley Multi-Asset Portfolio	193,421		14,683
AST Wellington Management Global Bond Portfolio	254,002		35,012
AST Neuberger Berman Long/Short Portfolio	1,077,943		123,830
AST Wellington Management Real Total Return Portfolio	108,427		6,326
AST QMA International Core Equity Portfolio	364,906		97,588
AST Managed Alternatives Portfolio	685,832		308,511
AST Emerging Managers Diversified Portfolio	75,607		183,091
AST Columbia Adaptive Risk Allocation Portfolio	441,273		191,312
Blackrock Global Allocation V.I. Fund (Class III)	3,798,077		1,928,766
JPMorgan Insurance Trust Income Builder Portfolio (Class 2)	944,428		120,235
AST Bond Portfolio 2027	8,776,402		8,814,515
NVIT Emerging Markets Fund (Class D)	68,217		65,983
AST Bond Portfolio 2028	7,914,587		3,241,416
AST Bond Portfolio 2029	179,460		35,053
AST American Funds Growth Allocation Portfolio	27,318,885		2,270,395


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., Jennison Associates LLC, and Quantitative Management Associates 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.

A90


Note 6:	Related Party Transactions (Continued)

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 for 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.

In 2016, Prudential Financial self-reported to the SEC and the U.S. Department of Labor (“DOL”), and notified other regulators, that in some cases it failed to maximize securities lending income for the benefit of certain portfolios of The Prudential Series Fund and the Advanced Series Trust due to a long-standing restriction benefitting Prudential Financial that limited the availability of loanable securities. Prudential Financial removed the restriction and implemented a remediation plan for the benefit of customers. As part of Prudential Financial’s review of this matter, in 2018 it further self-reported to the SEC, and notified other regulators, that in some cases it failed to timely process foreign tax reclaims for certain portfolios of The Prudential Series Fund and the Advanced Series Trust. Prudential Financial has corrected the foreign tax reclaim process and is implementing a remediation plan for the benefit of customers. The DOL’s review of the securities lending matter is closed. Prudential Financial is cooperating with the SEC in its review of the securities lending and foreign tax reclaim matters (which includes a review of the remediation plans) and has entered into discussions with the SEC staff regarding a possible settlement of the securities lending matter that would potentially involve charges under the Investment Advisers Act and financial remedies.


Note 7:	Financial Highlights

Pruco Life of New Jersey sells a number of variable annuity products that are funded by 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 by 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 offered by Pruco Life of New Jersey as contract owners may not have selected all available and applicable Contract options.

A91


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
	Prudential Government Money Market Portfolio
December 31, 2018	5,292	$	0.92	to	$	9.75	$	6,213	1.51	%		1.00	%	to	1.75	%	-0.24	%	to	0.52	%
December 31, 2017	6,350	$	0.92	to	$	9.70	$	7,457	0.55	%		1.00	%	to	1.75	%	-1.19	%	to	-0.44	%
December 31, 2016	7,027	$	0.93	to	$	9.74	$	8,291	0.09	%		1.00	%	to	1.75	%	-1.58	%	to	-0.90	%
December 31, 2015	7,672	$	0.94	to	$	9.83	$	9,166	0.00	%	⁽¹⁾	1.00	%	to	1.80	%	-1.85	%	to	-0.99	%
December 31, 2014	9,430	$	0.96	to	$	9.92	$	11,417	0.00	%	⁽¹⁾	1.00	%	to	1.80	%	-1.82	%	to	-0.99	%

	Prudential Diversified Bond Portfolio
December 31, 2018	4,972	$	2.20	to	$	2.70	$	13,399	0.00	%		1.35	%	to	1.65	%	-1.78	%	to	-1.49	%
December 31, 2017	5,697	$	2.24	to	$	2.74	$	15,603	0.00	%		1.35	%	to	1.65	%	5.27	%	to	5.58	%
December 31, 2016	6,274	$	2.12	to	$	2.60	$	16,285	0.00	%		1.35	%	to	1.65	%	3.88	%	to	4.19	%
December 31, 2015	7,285	$	2.05	to	$	2.50	$	18,162	0.00	%		1.35	%	to	1.65	%	-1.88	%	to	-1.59	%
December 31, 2014	8,491	$	2.08	to	$	2.54	$	21,522	1.12	%		1.35	%	to	1.65	%	5.36	%	to	5.67	%

	Prudential Equity Portfolio (Class I)
December 31, 2018	4,371	$	2.13	to	$	3.70	$	15,238	0.00	%		1.35	%	to	1.80	%	-6.55	%	to	-6.13	%
December 31, 2017	5,154	$	2.28	to	$	3.94	$	19,207	0.00	%		1.35	%	to	1.80	%	23.56	%	to	24.11	%
December 31, 2016	5,867	$	1.84	to	$	3.18	$	17,601	0.00	%		1.35	%	to	1.80	%	1.95	%	to	2.39	%
December 31, 2015	6,571	$	1.80	to	$	3.11	$	19,282	0.00	%		1.35	%	to	1.80	%	0.55	%	to	0.99	%
December 31, 2014	7,414	$	1.79	to	$	3.08	$	21,608	0.00	%		1.35	%	to	1.80	%	5.81	%	to	6.27	%

	Prudential Value Portfolio (Class I)
December 31, 2018	5,461	$	2.05	to	$	4.13	$	17,214	0.00	%		1.35	%	to	1.80	%	-11.48	%	to	-11.09	%
December 31, 2017	6,702	$	2.32	to	$	4.64	$	24,414	0.00	%		1.35	%	to	1.80	%	14.92	%	to	15.43	%
December 31, 2016	7,755	$	2.02	to	$	4.03	$	24,239	0.00	%		1.35	%	to	1.80	%	9.43	%	to	9.92	%
December 31, 2015	8,663	$	1.84	to	$	3.66	$	24,661	0.00	%		1.35	%	to	1.80	%	-9.82	%	to	-9.42	%
December 31, 2014	9,643	$	2.04	to	$	4.05	$	30,547	0.00	%		1.35	%	to	1.80	%	8.16	%	to	8.63	%

	Prudential High Yield Bond Portfolio
December 31, 2018	2,557	$	2.36	to	$	16.68	$	11,646	2.95	%		1.35	%	to	1.80	%	-3.02	%	to	-2.58	%
December 31, 2017	3,035	$	2.43	to	$	17.13	$	14,230	6.09	%		1.35	%	to	1.80	%	5.90	%	to	6.39	%
December 31, 2016	3,347	$	2.29	to	$	16.11	$	14,952	6.43	%		1.35	%	to	1.80	%	14.19	%	to	14.69	%
December 31, 2015	3,995	$	2.00	to	$	14.05	$	15,391	6.19	%		1.35	%	to	1.80	%	-4.17	%	to	-3.74	%
December 31, 2014	4,585	$	2.09	to	$	14.61	$	18,321	6.01	%		1.35	%	to	1.80	%	0.90	%	to	1.35	%

	Prudential Stock Index Portfolio
December 31, 2018	5,460	$	1.77	to	$	9.47	$	20,531	0.00	%		0.55	%	to	1.95	%	-6.26	%	to	-4.55	%
December 31, 2017	5,984	$	1.89	to	$	4.31	$	22,041	1.59	%		1.35	%	to	1.75	%	19.38	%	to	19.85	%
December 31, 2016	6,973	$	1.58	to	$	3.60	$	21,657	1.84	%		1.35	%	to	1.75	%	9.92	%	to	10.34	%
December 31, 2015	7,938	$	1.43	to	$	3.26	$	22,239	1.49	%		1.35	%	to	1.75	%	-0.56	%	to	-0.16	%
December 31, 2014	9,094	$	1.44	to	$	3.27	$	25,723	3.04	%		1.35	%	to	1.75	%	11.36	%	to	11.80	%

	Prudential Global Portfolio
December 31, 2018	1,456	$	1.38	to	$	3.00	$	3,779	0.00	%		1.40	%	to	1.75	%	-8.92	%	to	-8.60	%
December 31, 2017	1,895	$	1.51	to	$	3.28	$	5,464	0.00	%		1.40	%	to	1.75	%	22.70	%	to	23.12	%
December 31, 2016	2,057	$	1.23	to	$	2.67	$	4,846	0.00	%		1.35	%	to	1.75	%	2.65	%	to	3.06	%
December 31, 2015	2,247	$	1.19	to	$	2.59	$	5,125	0.00	%		1.35	%	to	1.80	%	0.56	%	to	1.01	%
December 31, 2014	2,451	$	1.18	to	$	2.57	$	5,532	0.00	%		1.35	%	to	1.80	%	1.42	%	to	1.88	%

	Prudential Jennison Portfolio (Class I)
December 31, 2018	5,052	$	1.71	to	$	4.99	$	21,649	0.00	%		1.35	%	to	1.80	%	-2.54	%	to	-2.11	%
December 31, 2017	6,090	$	1.75	to	$	5.10	$	26,906	0.00	%		1.35	%	to	1.80	%	34.29	%	to	34.88	%
December 31, 2016	7,092	$	1.30	to	$	3.78	$	23,229	0.00	%		1.35	%	to	1.80	%	-2.64	%	to	-2.22	%
December 31, 2015	8,014	$	1.34	to	$	3.87	$	26,666	0.00	%		1.35	%	to	1.80	%	9.51	%	to	10.00	%
December 31, 2014	8,902	$	1.22	to	$	3.52	$	26,987	0.00	%		1.35	%	to	1.80	%	8.05	%	to	8.53	%

	Prudential Small Capitalization Stock Portfolio
December 31, 2018	832	$	4.37	to	$	8.87	$	5,004	0.00	%		0.55	%	to	1.90	%	-11.25	%	to	-9.95	%
December 31, 2017	760	$	4.85	to	$	5.97	$	4,531	0.00	%		1.35	%	to	1.40	%	11.44	%	to	11.50	%
December 31, 2016	843	$	4.35	to	$	5.36	$	4,487	0.00	%		1.35	%	to	1.40	%	24.76	%	to	24.82	%
December 31, 2015	947	$	3.49	to	$	4.29	$	4,041	0.00	%		1.35	%	to	1.40	%	-3.64	%	to	-3.58	%
December 31, 2014	1,069	$	3.62	to	$	4.46	$	4,732	0.00	%		1.35	%	to	1.65	%	3.68	%	to	3.98	%

A92


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, 2018	822	$	1.71	to	$	1.71	$	1,401	1.33	%	1.40	%	to	1.40	%	-15.40	%	to	-15.40	%
December 31, 2017	921	$	2.02	to	$	2.02	$	1,857	1.12	%	1.40	%	to	1.40	%	26.12	%	to	26.12	%
December 31, 2016	996	$	1.60	to	$	1.60	$	1,593	1.04	%	1.40	%	to	1.40	%	0.72	%	to	0.72	%
December 31, 2015	1,075	$	1.21	to	$	1.59	$	1,706	0.92	%	1.35	%	to	1.40	%	-2.28	%	to	-2.23	%
December 31, 2014	1,140	$	1.23	to	$	1.62	$	1,852	1.02	%	1.35	%	to	1.40	%	-2.60	%	to	-2.56	%

	T. Rowe Price Equity Income Portfolio (Equity Income Class)
December 31, 2018	1,464	$	2.41	to	$	3.60	$	5,269	1.98	%	1.35	%	to	1.40	%	-10.76	%	to	-10.71	%
December 31, 2017	1,672	$	2.70	to	$	4.03	$	6,739	1.73	%	1.35	%	to	1.40	%	14.42	%	to	14.48	%
December 31, 2016	1,844	$	2.36	to	$	3.52	$	6,453	2.31	%	1.35	%	to	1.40	%	17.53	%	to	17.59	%
December 31, 2015	2,066	$	2.01	to	$	3.00	$	6,158	1.80	%	1.35	%	to	1.40	%	-8.14	%	to	-8.10	%
December 31, 2014	2,240	$	2.19	to	$	3.26	$	7,266	1.74	%	1.35	%	to	1.65	%	5.64	%	to	5.94	%

	Invesco V.I. Core Equity Fund (Series I)
December 31, 2018	2,291	$	1.42	to	$	2.75	$	6,284	0.88	%	1.40	%	to	1.65	%	-10.88	%	to	-10.66	%
December 31, 2017	2,559	$	1.59	to	$	3.08	$	7,854	1.03	%	1.40	%	to	1.65	%	11.34	%	to	11.62	%
December 31, 2016	2,877	$	1.43	to	$	2.76	$	7,913	0.75	%	1.40	%	to	1.65	%	8.48	%	to	8.75	%
December 31, 2015	3,193	$	1.32	to	$	2.53	$	8,076	1.12	%	1.40	%	to	1.65	%	-7.29	%	to	-7.07	%
December 31, 2014	3,623	$	1.42	to	$	2.73	$	9,860	0.84	%	1.40	%	to	1.65	%	6.39	%	to	6.65	%

	Janus Henderson VIT Research Portfolio (Institutional Shares)
December 31, 2018	1,399	$	1.50	to	$	3.18	$	4,434	0.53	%	1.35	%	to	1.65	%	-4.17	%	to	-3.88	%
December 31, 2017	1,625	$	1.57	to	$	3.31	$	5,355	0.39	%	1.35	%	to	1.65	%	25.81	%	to	26.18	%
December 31, 2016	1,822	$	1.24	to	$	2.62	$	4,762	0.54	%	1.35	%	to	1.65	%	-1.13	%	to	-0.84	%
December 31, 2015	1,976	$	1.26	to	$	2.65	$	5,209	0.62	%	1.35	%	to	1.65	%	3.63	%	to	3.94	%
December 31, 2014	2,230	$	1.21	to	$	2.55	$	5,660	0.36	%	1.35	%	to	1.65	%	11.16	%	to	11.49	%

	Janus Henderson VIT Overseas Portfolio (Institutional Shares)
December 31, 2018	1,335	$	1.64	to	$	3.02	$	3,990	1.74	%	1.35	%	to	1.65	%	-16.33	%	to	-16.09	%
December 31, 2017	1,421	$	1.96	to	$	3.60	$	5,067	1.65	%	1.35	%	to	1.65	%	29.00	%	to	29.38	%
December 31, 2016	1,645	$	1.52	to	$	2.78	$	4,518	5.06	%	1.35	%	to	1.65	%	-7.96	%	to	-7.70	%
December 31, 2015	1,734	$	1.65	to	$	3.01	$	5,143	0.59	%	1.35	%	to	1.65	%	-10.07	%	to	-9.81	%
December 31, 2014	1,931	$	1.84	to	$	3.34	$	6,371	5.83	%	1.35	%	to	1.65	%	-13.30	%	to	-13.05	%

	MFS® Research Series (Initial Class)
December 31, 2018	387	$	3.26	to	$	3.26	$	1,262	0.69	%	1.40	%	to	1.40	%	-5.70	%	to	-5.70	%
December 31, 2017	423	$	3.46	to	$	3.46	$	1,462	1.34	%	1.40	%	to	1.40	%	21.67	%	to	21.67	%
December 31, 2016	497	$	2.84	to	$	2.84	$	1,412	0.77	%	1.40	%	to	1.40	%	7.24	%	to	7.24	%
December 31, 2015	555	$	2.65	to	$	2.65	$	1,470	0.72	%	1.40	%	to	1.40	%	-0.59	%	to	-0.59	%
December 31, 2014	621	$	2.66	to	$	2.66	$	1,654	0.81	%	1.40	%	to	1.40	%	8.68	%	to	8.68	%

	MFS® Growth Series (Initial Class)
December 31, 2018	1,421	$	2.06	to	$	3.91	$	5,550	0.09	%	1.35	%	to	1.65	%	0.99	%	to	1.29	%
December 31, 2017	1,744	$	2.04	to	$	3.86	$	6,727	0.10	%	1.35	%	to	1.65	%	29.28	%	to	29.66	%
December 31, 2016	1,932	$	1.58	to	$	2.98	$	5,752	0.04	%	1.35	%	to	1.65	%	0.78	%	to	1.08	%
December 31, 2015	2,093	$	1.56	to	$	2.95	$	6,166	0.15	%	1.35	%	to	1.65	%	5.81	%	to	6.12	%
December 31, 2014	2,421	$	1.48	to	$	2.78	$	6,719	0.10	%	1.35	%	to	1.65	%	7.18	%	to	7.49	%

	American Century VP Value Fund (Class I)
December 31, 2018	478	$	2.85	to	$	3.51	$	1,677	1.65	%	1.35	%	to	1.65	%	-10.63	%	to	-10.37	%
December 31, 2017	525	$	3.19	to	$	3.92	$	2,055	1.63	%	1.35	%	to	1.65	%	6.98	%	to	7.30	%
December 31, 2016	639	$	2.98	to	$	3.65	$	2,317	1.73	%	1.35	%	to	1.65	%	18.53	%	to	18.88	%
December 31, 2015	702	$	2.51	to	$	3.07	$	2,144	2.11	%	1.35	%	to	1.65	%	-5.45	%	to	-5.16	%
December 31, 2014	795	$	2.66	to	$	3.24	$	2,563	1.54	%	1.35	%	to	1.65	%	11.24	%	to	11.57	%

	Franklin Small-Mid Cap Growth VIP Fund (Class 2)
December 31, 2018	610	$	1.75	to	$	3.09	$	1,868	0.00	%	1.35	%	to	1.65	%	-6.92	%	to	-6.64	%
December 31, 2017	910	$	1.88	to	$	3.31	$	2,990	0.00	%	1.35	%	to	1.65	%	19.43	%	to	19.79	%
December 31, 2016	976	$	1.58	to	$	2.76	$	2,682	0.00	%	1.35	%	to	1.65	%	2.49	%	to	2.79	%
December 31, 2015	1,038	$	1.54	to	$	2.69	$	2,775	0.00	%	1.35	%	to	1.65	%	-4.24	%	to	-3.95	%
December 31, 2014	1,153	$	1.61	to	$	2.80	$	3,208	0.00	%	1.35	%	to	1.65	%	5.73	%	to	6.04	%

A93


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
	Prudential Jennison 20/20 Focus Portfolio (Class I)
December 31, 2018	945	$	2.87	to	$	3.09	$	2,921	0.00	%	1.35	%	to	1.65	%	-6.90	%	to	-6.62	%
December 31, 2017	1,058	$	3.08	to	$	3.32	$	3,500	0.00	%	1.35	%	to	1.65	%	28.18	%	to	28.56	%
December 31, 2016	1,190	$	2.40	to	$	2.58	$	3,064	0.00	%	1.35	%	to	1.65	%	-0.04	%	to	0.27	%
December 31, 2015	1,431	$	2.40	to	$	2.58	$	3,678	0.00	%	1.35	%	to	1.65	%	4.54	%	to	4.86	%
December 31, 2014	1,622	$	2.30	to	$	2.46	$	3,979	0.00	%	1.35	%	to	1.65	%	5.41	%	to	5.72	%

	Davis Value Portfolio
December 31, 2018	721	$	1.81	to	$	1.83	$	1,307	0.76	%	1.35	%	to	1.40	%	-14.80	%	to	-14.76	%
December 31, 2017	935	$	2.13	to	$	2.15	$	1,990	0.74	%	1.35	%	to	1.40	%	20.94	%	to	21.00	%
December 31, 2016	1,081	$	1.76	to	$	1.77	$	1,902	1.23	%	1.35	%	to	1.40	%	10.34	%	to	10.39	%
December 31, 2015	1,240	$	1.59	to	$	1.61	$	1,977	0.77	%	1.35	%	to	1.40	%	0.19	%	to	0.24	%
December 31, 2014	1,358	$	1.59	to	$	1.60	$	2,161	0.91	%	1.35	%	to	1.40	%	4.59	%	to	4.64	%

	AB VPS Large Cap Growth Portfolio (Class B)
December 31, 2018	254	$	1.49	to	$	1.49	$	379	0.00	%	1.40	%	to	1.40	%	0.90	%	to	0.90	%
December 31, 2017	563	$	1.48	to	$	1.48	$	833	0.00	%	1.40	%	to	1.40	%	29.86	%	to	29.86	%
December 31, 2016	683	$	1.14	to	$	1.14	$	779	0.00	%	1.40	%	to	1.40	%	0.95	%	to	0.95	%
December 31, 2015	692	$	1.13	to	$	1.13	$	782	0.00	%	1.40	%	to	1.40	%	9.32	%	to	9.32	%
December 31, 2014	681	$	1.03	to	$	1.03	$	704	0.00	%	1.40	%	to	1.40	%	12.27	%	to	12.27	%

	Prudential SP Small Cap Value Portfolio (Class I)
December 31, 2018	2,086	$	2.33	to	$	3.13	$	6,185	0.00	%	1.35	%	to	1.80	%	-15.33	%	to	-14.95	%
December 31, 2017	2,332	$	2.75	to	$	3.69	$	8,142	0.00	%	1.35	%	to	1.80	%	10.22	%	to	10.70	%
December 31, 2016	2,654	$	2.50	to	$	3.33	$	8,385	0.00	%	1.35	%	to	1.80	%	23.25	%	to	23.79	%
December 31, 2015	3,128	$	2.03	to	$	2.69	$	7,996	0.00	%	1.35	%	to	1.80	%	-7.04	%	to	-6.62	%
December 31, 2014	3,508	$	2.18	to	$	2.88	$	9,607	0.00	%	1.35	%	to	1.80	%	3.09	%	to	3.54	%

	Janus Henderson VIT Research Portfolio (Service Shares)
December 31, 2018	202	$	1.25	to	$	2.79	$	413	0.35	%	1.40	%	to	1.75	%	-4.52	%	to	-4.19	%
December 31, 2017	227	$	1.30	to	$	2.92	$	486	0.24	%	1.40	%	to	1.75	%	25.37	%	to	25.80	%
December 31, 2016	251	$	1.04	to	$	2.32	$	427	0.38	%	1.40	%	to	1.75	%	-1.45	%	to	-1.10	%
December 31, 2015	283	$	1.05	to	$	2.34	$	468	0.47	%	1.40	%	to	1.75	%	3.27	%	to	3.63	%
December 31, 2014	288	$	1.02	to	$	2.26	$	468	0.22	%	1.40	%	to	1.75	%	10.79	%	to	11.18	%

	SP Prudential U.S. Emerging Growth Portfolio (Class I)
December 31, 2018	1,768	$	1.92	to	$	4.27	$	5,686	0.00	%	1.35	%	to	1.80	%	-9.48	%	to	-9.08	%
December 31, 2017	2,026	$	2.12	to	$	4.70	$	7,242	0.00	%	1.35	%	to	1.80	%	20.27	%	to	20.81	%
December 31, 2016	2,245	$	1.76	to	$	3.89	$	6,710	0.00	%	1.35	%	to	1.80	%	2.48	%	to	2.93	%
December 31, 2015	2,621	$	1.71	to	$	3.78	$	7,527	0.00	%	1.35	%	to	1.80	%	-4.09	%	to	-3.66	%
December 31, 2014	2,920	$	1.78	to	$	3.93	$	8,786	0.00	%	1.35	%	to	1.80	%	7.58	%	to	8.05	%

	Prudential SP International Growth Portfolio (Class I)
December 31, 2018	965	$	0.93	to	$	2.30	$	1,629	0.00	%	1.35	%	to	1.80	%	-14.37	%	to	-13.98	%
December 31, 2017	1,093	$	1.08	to	$	2.68	$	2,110	0.00	%	1.35	%	to	1.80	%	33.42	%	to	34.00	%
December 31, 2016	1,283	$	0.81	to	$	2.00	$	1,815	0.00	%	1.35	%	to	1.80	%	-5.28	%	to	-4.86	%
December 31, 2015	1,379	$	0.85	to	$	2.10	$	2,065	0.00	%	1.35	%	to	1.80	%	1.54	%	to	1.98	%
December 31, 2014	1,479	$	0.84	to	$	2.06	$	2,240	0.00	%	1.35	%	to	1.80	%	-7.38	%	to	-6.97	%

	AST Goldman Sachs Large-Cap Value Portfolio
December 31, 2018	3,117	$	11.10	to	$	21.15	$	50,930	0.00	%	0.55	%	to	2.85	%	-11.15	%	to	-9.03	%
December 31, 2017	3,729	$	12.25	to	$	23.57	$	67,828	0.00	%	0.55	%	to	2.85	%	6.63	%	to	9.14	%
December 31, 2016	2,985	$	11.25	to	$	21.90	$	50,303	0.00	%	0.55	%	to	2.85	%	8.37	%	to	10.93	%
December 31, 2015	3,144	$	10.18	to	$	20.01	$	48,225	0.00	%	0.55	%	to	2.85	%	-7.34	%	to	6.09	%
December 31, 2014	1,607	$	10.96	to	$	21.39	$	26,453	0.00	%	0.55	%	to	2.45	%	9.77	%	to	12.51	%

	AST Cohen & Steers Realty Portfolio
December 31, 2018	1,360	$	10.86	to	$	29.01	$	25,132	0.00	%	0.55	%	to	2.85	%	-7.48	%	to	-5.28	%
December 31, 2017	1,478	$	11.50	to	$	31.05	$	29,303	0.00	%	0.55	%	to	2.85	%	3.23	%	to	5.66	%
December 31, 2016	1,423	$	10.92	to	$	29.79	$	27,148	0.00	%	0.55	%	to	2.85	%	1.84	%	to	4.24	%
December 31, 2015	1,351	$	10.51	to	$	28.98	$	25,076	0.00	%	0.55	%	to	2.85	%	1.86	%	to	10.36	%
December 31, 2014	1,374	$	11.65	to	$	28.18	$	24,915	0.00	%	0.55	%	to	2.85	%	15.51	%	to	30.19	%

A94


Note 7:	Financial Highlights (Continued)



	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST J.P. Morgan Strategic Opportunities Portfolio
December 31, 2018	11,259	$	11.64	to	$	15.56	$	147,331	0.00	%	0.55	%	to	2.85	%	-7.84	%	to	-5.65	%
December 31, 2017	12,622	$	12.45	to	$	16.63	$	177,660	0.00	%	0.55	%	to	2.85	%	8.95	%	to	11.53	%
December 31, 2016	13,084	$	11.26	to	$	15.04	$	167,396	0.00	%	0.55	%	to	2.85	%	0.89	%	to	3.27	%
December 31, 2015	13,597	$	11.01	to	$	14.68	$	170,786	0.00	%	0.55	%	to	2.85	%	-3.03	%	to	-0.73	%
December 31, 2014	14,108	$	11.19	to	$	14.92	$	181,266	0.00	%	0.55	%	to	2.85	%	2.44	%	to	4.87	%

	AST T. Rowe Price Large-Cap Value Portfolio
December 31, 2018	962	$	10.15	to	$	19.53	$	13,956	0.00	%	0.55	%	to	2.70	%	-12.16	%	to	-10.21	%
December 31, 2017	853	$	11.32	to	$	22.06	$	14,172	0.00	%	0.55	%	to	2.70	%	13.41	%	to	15.91	%
December 31, 2016	817	$	9.78	to	$	19.29	$	11,983	0.00	%	0.55	%	to	2.70	%	3.27	%	to	5.55	%
December 31, 2015	871	$	9.28	to	$	18.53	$	12,193	0.00	%	0.55	%	to	2.70	%	-8.60	%	to	-6.58	%
December 31, 2014	934	$	12.23	to	$	20.12	$	14,182	0.00	%	0.55	%	to	2.70	%	-1.18	%	to	1.00	%

	AST High Yield Portfolio
December 31, 2018	1,997	$	11.29	to	$	18.09	$	28,532	0.00	%	0.55	%	to	2.85	%	-4.79	%	to	-2.53	%
December 31, 2017	2,026	$	11.59	to	$	18.82	$	29,968	0.00	%	0.55	%	to	2.85	%	4.42	%	to	6.88	%
December 31, 2016	1,860	$	10.86	to	$	17.85	$	26,105	0.00	%	0.55	%	to	2.85	%	12.12	%	to	14.76	%
December 31, 2015	1,944	$	9.48	to	$	15.77	$	24,161	0.00	%	0.55	%	to	2.85	%	-6.31	%	to	-3.24	%
December 31, 2014	2,029	$	9.89	to	$	16.68	$	26,781	0.00	%	0.55	%	to	2.85	%	-1.05	%	to	1.99	%

	AST Small-Cap Growth Opportunities Portfolio
December 31, 2018	772	$	10.82	to	$	27.73	$	14,871	0.00	%	0.55	%	to	2.70	%	-13.27	%	to	-11.34	%
December 31, 2017	865	$	12.22	to	$	31.72	$	19,309	0.00	%	0.55	%	to	2.70	%	24.25	%	to	26.99	%
December 31, 2016	865	$	9.64	to	$	25.32	$	15,464	0.00	%	0.55	%	to	2.70	%	4.80	%	to	7.11	%
December 31, 2015	957	$	9.67	to	$	23.97	$	16,131	0.00	%	0.55	%	to	2.85	%	-1.55	%	to	1.00	%
December 31, 2014	1,214	$	13.36	to	$	24.11	$	20,646	0.00	%	0.55	%	to	2.85	%	1.95	%	to	4.36	%

	AST WEDGE Capital Mid-Cap Value Portfolio
December 31, 2018	437	$	10.58	to	$	25.23	$	7,800	0.00	%	0.55	%	to	2.70	%	-18.79	%	to	-16.99	%
December 31, 2017	496	$	12.78	to	$	30.81	$	10,792	0.00	%	0.55	%	to	2.70	%	15.34	%	to	17.88	%
December 31, 2016	540	$	10.88	to	$	26.50	$	10,080	0.00	%	0.55	%	to	2.70	%	10.93	%	to	13.37	%
December 31, 2015	588	$	9.63	to	$	23.70	$	9,799	0.00	%	0.55	%	to	2.85	%	-9.27	%	to	0.53	%
December 31, 2014	709	$	11.23	to	$	25.87	$	13,182	0.00	%	0.55	%	to	2.85	%	11.69	%	to	14.34	%

	AST Small-Cap Value Portfolio
December 31, 2018	708	$	11.20	to	$	24.26	$	12,086	0.00	%	0.55	%	to	2.85	%	-19.45	%	to	-17.53	%
December 31, 2017	805	$	13.62	to	$	29.83	$	16,837	0.00	%	0.55	%	to	2.85	%	4.30	%	to	6.76	%
December 31, 2016	774	$	12.80	to	$	28.33	$	15,415	0.00	%	0.55	%	to	2.85	%	25.53	%	to	28.49	%
December 31, 2015	731	$	9.99	to	$	22.35	$	11,604	0.00	%	0.55	%	to	2.85	%	-7.04	%	to	4.08	%
December 31, 2014	738	$	10.54	to	$	23.82	$	12,515	0.00	%	0.55	%	to	2.85	%	2.27	%	to	5.87	%

	AST Goldman Sachs Mid-Cap Growth Portfolio
December 31, 2018	2,750	$	11.84	to	$	27.11	$	54,321	0.00	%	0.55	%	to	2.85	%	-7.09	%	to	-4.88	%
December 31, 2017	3,009	$	12.49	to	$	28.89	$	63,557	0.00	%	0.55	%	to	2.85	%	23.48	%	to	26.39	%
December 31, 2016	3,115	$	9.91	to	$	23.18	$	52,769	0.00	%	0.55	%	to	2.85	%	-1.25	%	to	1.09	%
December 31, 2015	3,314	$	9.83	to	$	23.25	$	56,160	0.00	%	0.55	%	to	2.85	%	-8.37	%	to	2.12	%
December 31, 2014	1,852	$	11.31	to	$	25.13	$	34,356	0.00	%	0.55	%	to	2.85	%	8.35	%	to	13.47	%

	AST Hotchkis & Wiley Large-Cap Value Portfolio
December 31, 2018	1,743	$	11.60	to	$	24.42	$	30,541	0.00	%	0.55	%	to	2.85	%	-16.61	%	to	-14.63	%
December 31, 2017	1,683	$	13.63	to	$	29.00	$	34,897	0.00	%	0.55	%	to	2.45	%	16.28	%	to	18.54	%
December 31, 2016	1,645	$	11.53	to	$	24.81	$	29,101	0.00	%	0.55	%	to	2.45	%	16.96	%	to	19.23	%
December 31, 2015	1,715	$	9.70	to	$	21.09	$	25,607	0.00	%	0.55	%	to	2.85	%	-10.46	%	to	1.55	%
December 31, 2014	1,928	$	10.82	to	$	23.33	$	31,869	0.00	%	0.55	%	to	2.85	%	7.95	%	to	13.12	%

	AST Lord Abbett Core Fixed Income Portfolio (Expired September 14, 2018)
December 31, 2018	—	$	10.01	to	$	14.64	$	—	0.00	%	0.55	%	to	2.85	%	-3.59	%	to	-1.97	%
December 31, 2017	4,344	$	10.28	to	$	15.08	$	53,974	0.00	%	0.55	%	to	2.85	%	0.42	%	to	2.79	%
December 31, 2016	3,995	$	10.03	to	$	14.88	$	48,795	0.00	%	0.55	%	to	2.85	%	-0.31	%	to	2.04	%
December 31, 2015	3,763	$	9.86	to	$	14.78	$	45,418	0.00	%	0.55	%	to	2.85	%	-3.42	%	to	-1.13	%
December 31, 2014	3,390	$	10.18	to	$	15.16	$	41,786	0.00	%	0.55	%	to	2.85	%	2.98	%	to	5.80	%

A95


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 Loomis Sayles Large-Cap Growth Portfolio
December 31, 2018	1,915	$	14.30	to	$	32.38	$	46,002	0.00	%	0.55	%	to	2.85	%	-5.48	%	to	-3.23	%
December 31, 2017	2,374	$	14.82	to	$	33.93	$	59,639	0.00	%	0.55	%	to	2.85	%	29.21	%	to	32.26	%
December 31, 2016	2,615	$	11.24	to	$	26.01	$	50,429	0.00	%	0.55	%	to	2.85	%	2.57	%	to	5.00	%
December 31, 2015	2,625	$	10.74	to	$	25.11	$	48,900	0.00	%	0.55	%	to	2.85	%	6.94	%	to	11.97	%
December 31, 2014	3,234	$	11.26	to	$	23.26	$	55,756	0.00	%	0.55	%	to	2.85	%	7.44	%	to	12.47	%

	AST MFS Growth Portfolio
December 31, 2018	763	$	13.95	to	$	29.10	$	17,359	0.00	%	0.55	%	to	2.70	%	-0.62	%	to	1.59	%
December 31, 2017	764	$	13.78	to	$	29.05	$	17,631	0.00	%	0.55	%	to	2.70	%	27.19	%	to	29.99	%
December 31, 2016	776	$	10.63	to	$	22.66	$	13,999	0.00	%	0.55	%	to	2.70	%	-0.83	%	to	1.35	%
December 31, 2015	737	$	10.53	to	$	22.66	$	13,390	0.00	%	0.55	%	to	2.85	%	4.17	%	to	9.59	%
December 31, 2014	918	$	11.13	to	$	21.55	$	15,865	0.00	%	0.55	%	to	2.85	%	5.61	%	to	11.72	%

	AST Neuberger Berman/LSV Mid-Cap Value Portfolio
December 31, 2018	1,470	$	10.61	to	$	28.00	$	27,101	0.00	%	0.55	%	to	2.85	%	-18.84	%	to	-16.90	%
December 31, 2017	1,638	$	12.81	to	$	34.17	$	36,903	0.00	%	0.55	%	to	2.85	%	10.56	%	to	13.16	%
December 31, 2016	1,524	$	11.35	to	$	30.61	$	31,209	0.00	%	0.55	%	to	2.85	%	14.87	%	to	17.58	%
December 31, 2015	1,466	$	9.69	to	$	26.40	$	25,865	0.00	%	0.55	%	to	2.85	%	-8.33	%	to	1.07	%
December 31, 2014	1,563	$	11.02	to	$	28.52	$	29,899	0.00	%	0.55	%	to	2.85	%	10.42	%	to	13.62	%

	AST BlackRock Low Duration Bond Portfolio
December 31, 2018	2,033	$	9.14	to	$	12.05	$	20,603	0.00	%	0.55	%	to	2.30	%	-1.58	%	to	0.19	%
December 31, 2017	2,081	$	9.17	to	$	12.10	$	21,184	0.00	%	0.55	%	to	2.45	%	-0.78	%	to	1.15	%
December 31, 2016	1,750	$	9.25	to	$	12.03	$	17,746	0.00	%	0.55	%	to	2.45	%	-0.85	%	to	1.08	%
December 31, 2015	1,644	$	9.32	to	$	11.97	$	16,588	0.00	%	0.55	%	to	2.45	%	-1.98	%	to	-0.07	%
December 31, 2014	1,681	$	9.51	to	$	12.05	$	17,126	0.00	%	0.55	%	to	2.85	%	-2.94	%	to	-0.65	%

	AST QMA US Equity Alpha Portfolio
December 31, 2018	1,138	$	13.04	to	$	31.42	$	26,070	0.00	%	0.55	%	to	2.70	%	-10.71	%	to	-8.72	%
December 31, 2017	1,143	$	14.33	to	$	34.90	$	28,835	0.00	%	0.55	%	to	2.45	%	19.26	%	to	21.58	%
December 31, 2016	1,042	$	11.82	to	$	29.10	$	22,155	0.00	%	0.55	%	to	2.45	%	12.04	%	to	14.21	%
December 31, 2015	945	$	10.39	to	$	25.83	$	17,758	0.00	%	0.55	%	to	2.45	%	0.55	%	to	8.03	%
December 31, 2014	1,016	$	11.24	to	$	25.55	$	19,184	0.00	%	0.55	%	to	2.45	%	11.83	%	to	16.57	%

	AST T. Rowe Price Natural Resources Portfolio
December 31, 2018	2,264	$	7.33	to	$	12.40	$	20,246	0.00	%	0.55	%	to	2.70	%	-18.92	%	to	-17.11	%
December 31, 2017	2,762	$	8.87	to	$	15.09	$	30,002	0.00	%	0.55	%	to	2.70	%	7.34	%	to	9.70	%
December 31, 2016	2,692	$	8.11	to	$	13.87	$	26,931	0.00	%	0.55	%	to	2.70	%	21.26	%	to	23.93	%
December 31, 2015	2,763	$	6.56	to	$	11.28	$	22,535	0.00	%	0.55	%	to	2.70	%	-21.43	%	to	0.94	%
December 31, 2014	2,902	$	8.20	to	$	14.17	$	29,775	0.00	%	0.55	%	to	2.70	%	-14.29	%	to	-8.86	%

	AST T. Rowe Price Asset Allocation Portfolio
December 31, 2018	68,596	$	12.92	to	$	19.18	$	1,037,327	0.00	%	0.55	%	to	2.85	%	-8.04	%	to	-5.85	%
December 31, 2017	73,973	$	13.85	to	$	20.66	$	1,206,523	0.00	%	0.55	%	to	2.85	%	12.13	%	to	14.77	%
December 31, 2016	75,755	$	12.18	to	$	18.25	$	1,092,303	0.00	%	0.55	%	to	2.85	%	4.49	%	to	6.95	%
December 31, 2015	75,978	$	11.49	to	$	17.30	$	1,040,968	0.00	%	0.55	%	to	2.85	%	-2.81	%	to	-0.51	%
December 31, 2014	58,768	$	11.65	to	$	17.63	$	826,924	0.00	%	0.55	%	to	2.85	%	2.86	%	to	5.30	%

	AST MFS Global Equity Portfolio
December 31, 2018	1,710	$	11.72	to	$	23.49	$	30,215	0.00	%	0.55	%	to	2.85	%	-12.15	%	to	-10.05	%
December 31, 2017	1,835	$	13.07	to	$	26.48	$	36,466	0.00	%	0.55	%	to	2.85	%	20.32	%	to	23.16	%
December 31, 2016	1,738	$	10.65	to	$	21.80	$	28,494	0.00	%	0.55	%	to	2.85	%	4.07	%	to	6.52	%
December 31, 2015	1,697	$	10.03	to	$	20.75	$	26,340	0.00	%	0.55	%	to	2.85	%	-4.27	%	to	3.91	%
December 31, 2014	1,465	$	10.30	to	$	21.46	$	23,599	0.00	%	0.55	%	to	2.70	%	0.83	%	to	3.06	%

	AST J.P. Morgan International Equity Portfolio
December 31, 2018	1,838	$	10.11	to	$	15.54	$	21,142	0.00	%	0.55	%	to	2.70	%	-19.71	%	to	-17.92	%
December 31, 2017	1,959	$	12.48	to	$	19.20	$	27,796	0.00	%	0.55	%	to	2.70	%	26.14	%	to	28.92	%
December 31, 2016	1,912	$	9.80	to	$	15.10	$	21,272	0.00	%	0.55	%	to	2.70	%	-0.81	%	to	1.37	%
December 31, 2015	1,946	$	9.78	to	$	15.10	$	21,587	0.00	%	0.55	%	to	2.70	%	-5.42	%	to	-3.33	%
December 31, 2014	2,075	$	10.25	to	$	15.84	$	24,026	0.00	%	0.55	%	to	2.70	%	-8.89	%	to	-6.88	%

A96


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 Templeton Global Bond Portfolio
December 31, 2018	1,384	$	8.92	to	$	12.55	$	14,210	0.00	%	0.55	%	to	2.85	%	-0.92	%	to	1.44	%
December 31, 2017	1,577	$	9.01	to	$	12.45	$	16,051	0.00	%	0.55	%	to	2.85	%	-0.86	%	to	1.48	%
December 31, 2016	1,412	$	9.08	to	$	12.34	$	14,302	0.00	%	0.55	%	to	2.85	%	1.39	%	to	3.78	%
December 31, 2015	1,447	$	8.96	to	$	11.96	$	14,209	0.00	%	0.55	%	to	2.85	%	-7.34	%	to	3.76	%
December 31, 2014	1,535	$	9.61	to	$	12.68	$	16,052	0.00	%	0.55	%	to	2.85	%	-2.31	%	to	0.00	%

	AST Wellington Management Hedged Equity Portfolio
December 31, 2018	9,607	$	11.54	to	$	19.16	$	122,382	0.00	%	0.55	%	to	2.85	%	-7.72	%	to	-5.52	%
December 31, 2017	10,483	$	12.51	to	$	20.56	$	142,719	0.00	%	0.55	%	to	2.85	%	10.37	%	to	12.97	%
December 31, 2016	10,414	$	11.33	to	$	18.45	$	126,793	0.00	%	0.55	%	to	2.85	%	3.50	%	to	5.94	%
December 31, 2015	10,527	$	10.95	to	$	17.66	$	122,261	0.00	%	0.55	%	to	2.85	%	-3.46	%	to	-1.18	%
December 31, 2014	10,289	$	11.34	to	$	18.12	$	122,371	0.00	%	0.55	%	to	2.85	%	2.50	%	to	4.92	%

	AST Capital Growth Asset Allocation Portfolio
December 31, 2018	40,025	$	13.72	to	$	20.31	$	621,582	0.00	%	0.55	%	to	2.85	%	-8.91	%	to	-6.74	%
December 31, 2017	42,944	$	14.85	to	$	22.08	$	726,878	0.00	%	0.55	%	to	2.85	%	14.54	%	to	17.24	%
December 31, 2016	41,918	$	12.78	to	$	19.09	$	614,943	0.00	%	0.55	%	to	2.85	%	3.80	%	to	6.25	%
December 31, 2015	41,418	$	12.14	to	$	18.22	$	581,755	0.00	%	0.55	%	to	2.85	%	-2.33	%	to	-0.02	%
December 31, 2014	40,109	$	12.25	to	$	18.48	$	573,414	0.00	%	0.55	%	to	2.85	%	3.95	%	to	6.41	%

	AST Academic Strategies Asset Allocation Portfolio
December 31, 2018	18,241	$	10.90	to	$	15.32	$	222,318	0.00	%	0.55	%	to	2.85	%	-10.77	%	to	-8.64	%
December 31, 2017	23,441	$	12.04	to	$	17.01	$	317,415	0.00	%	0.55	%	to	2.85	%	9.39	%	to	11.97	%
December 31, 2016	24,273	$	10.85	to	$	15.40	$	297,040	0.00	%	0.55	%	to	2.85	%	3.31	%	to	5.75	%
December 31, 2015	26,419	$	10.35	to	$	14.76	$	309,924	0.00	%	0.55	%	to	2.85	%	-5.98	%	to	-3.75	%
December 31, 2014	30,392	$	10.86	to	$	15.55	$	375,742	0.00	%	0.55	%	to	2.85	%	0.86	%	to	3.25	%

	AST Balanced Asset Allocation Portfolio
December 31, 2018	44,995	$	12.98	to	$	18.48	$	667,892	0.00	%	0.55	%	to	2.85	%	-7.66	%	to	-5.46	%
December 31, 2017	48,857	$	13.86	to	$	19.82	$	778,162	0.00	%	0.55	%	to	2.85	%	11.64	%	to	14.28	%
December 31, 2016	50,063	$	12.23	to	$	17.59	$	708,457	0.00	%	0.55	%	to	2.85	%	3.28	%	to	5.71	%
December 31, 2015	51,044	$	11.68	to	$	16.87	$	693,958	0.00	%	0.55	%	to	2.85	%	-2.39	%	to	-0.08	%
December 31, 2014	51,425	$	11.79	to	$	17.12	$	711,536	0.00	%	0.55	%	to	2.85	%	3.49	%	to	5.94	%

	AST Preservation Asset Allocation Portfolio
December 31, 2018	32,524	$	11.77	to	$	15.72	$	433,759	0.00	%	0.55	%	to	2.85	%	-5.62	%	to	-3.38	%
December 31, 2017	36,076	$	12.29	to	$	16.50	$	505,272	0.00	%	0.55	%	to	2.85	%	7.00	%	to	9.53	%
December 31, 2016	35,110	$	11.32	to	$	15.27	$	457,043	0.00	%	0.55	%	to	2.85	%	2.53	%	to	4.95	%
December 31, 2015	36,445	$	10.89	to	$	14.76	$	458,433	0.00	%	0.55	%	to	2.85	%	-2.71	%	to	-0.41	%
December 31, 2014	37,987	$	11.03	to	$	15.02	$	486,778	0.00	%	0.55	%	to	2.85	%	2.76	%	to	5.19	%

	AST Fidelity Institutional AM℠ Quantitative Portfolio
December 31, 2018	25,093	$	11.63	to	$	17.27	$	335,136	0.00	%	0.55	%	to	2.85	%	-10.39	%	to	-8.25	%
December 31, 2017	27,846	$	12.92	to	$	19.08	$	410,656	0.00	%	0.55	%	to	2.85	%	13.16	%	to	15.83	%
December 31, 2016	28,026	$	11.35	to	$	16.70	$	362,213	0.00	%	0.55	%	to	2.85	%	1.29	%	to	3.68	%
December 31, 2015	27,216	$	10.85	to	$	16.33	$	345,930	0.00	%	0.55	%	to	2.85	%	-1.89	%	to	0.44	%
December 31, 2014	25,768	$	11.02	to	$	16.49	$	332,704	0.00	%	0.55	%	to	2.85	%	0.21	%	to	2.58	%

	AST Prudential Growth Allocation Portfolio
December 31, 2018	64,493	$	12.34	to	$	19.34	$	981,859	0.00	%	0.55	%	to	2.85	%	-10.24	%	to	-8.11	%
December 31, 2017	74,417	$	13.67	to	$	21.34	$	1,248,726	0.00	%	0.55	%	to	2.85	%	12.80	%	to	15.46	%
December 31, 2016	44,092	$	12.06	to	$	18.74	$	649,227	0.00	%	0.55	%	to	2.85	%	6.96	%	to	9.49	%
December 31, 2015	44,717	$	10.78	to	$	17.35	$	610,546	0.00	%	0.55	%	to	2.85	%	-3.45	%	to	-1.16	%
December 31, 2014	26,712	$	11.13	to	$	17.80	$	372,174	0.00	%	0.55	%	to	2.85	%	6.09	%	to	8.60	%

	AST Advanced Strategies Portfolio
December 31, 2018	37,243	$	13.04	to	$	19.85	$	567,375	0.00	%	0.55	%	to	2.85	%	-8.58	%	to	-6.41	%
December 31, 2017	41,197	$	14.06	to	$	21.51	$	680,482	0.00	%	0.55	%	to	2.85	%	13.60	%	to	16.28	%
December 31, 2016	42,484	$	12.20	to	$	18.75	$	612,274	0.00	%	0.55	%	to	2.85	%	4.06	%	to	6.52	%
December 31, 2015	43,453	$	11.56	to	$	17.85	$	596,745	0.00	%	0.55	%	to	2.85	%	-2.07	%	to	0.25	%
December 31, 2014	43,576	$	11.63	to	$	18.05	$	607,973	0.00	%	0.55	%	to	2.85	%	3.08	%	to	5.52	%

A97


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 Growth Portfolio
December 31, 2018	3,097	$	15.05	to	$	37.28	$	84,917	0.00	%	0.55	%	to	2.85	%	0.89	%	to	3.29	%
December 31, 2017	3,188	$	14.62	to	$	36.60	$	86,682	0.00	%	0.55	%	to	2.85	%	33.97	%	to	37.13	%
December 31, 2016	3,130	$	10.69	to	$	27.06	$	63,382	0.00	%	0.55	%	to	2.85	%	-0.22	%	to	2.13	%
December 31, 2015	3,269	$	10.50	to	$	26.86	$	65,667	0.00	%	0.55	%	to	2.85	%	6.46	%	to	9.50	%
December 31, 2014	3,053	$	11.23	to	$	24.99	$	57,338	0.00	%	0.55	%	to	2.85	%	5.26	%	to	13.35	%

	AST Government Money Market Portfolio
December 31, 2018	2,871	$	8.17	to	$	9.92	$	26,432	1.32	%	0.55	%	to	2.45	%	-1.20	%	to	0.74	%
December 31, 2017	1,958	$	8.08	to	$	9.86	$	17,759	0.34	%	0.55	%	to	2.55	%	-2.15	%	to	-0.21	%
December 31, 2016	2,162	$	8.25	to	$	9.90	$	19,816	0.00	%	0.55	%	to	2.55	%	-2.48	%	to	-0.56	%
December 31, 2015	1,773	$	8.46	to	$	9.97	$	16,358	0.00	%	0.55	%	to	2.85	%	-2.85	%	to	-0.26	%
December 31, 2014	1,793	$	8.68	to	$	10.08	$	16,760	0.00	%	0.55	%	to	2.85	%	-2.85	%	to	-0.47	%

	AST Small-Cap Growth Portfolio
December 31, 2018	1,038	$	11.94	to	$	30.13	$	22,087	0.00	%	0.55	%	to	2.85	%	-11.03	%	to	-8.91	%
December 31, 2017	1,070	$	13.15	to	$	33.54	$	25,377	0.00	%	0.55	%	to	2.85	%	20.39	%	to	23.24	%
December 31, 2016	1,134	$	10.70	to	$	27.59	$	22,257	0.00	%	0.55	%	to	2.85	%	8.89	%	to	11.46	%
December 31, 2015	1,209	$	9.64	to	$	25.10	$	21,630	0.00	%	0.55	%	to	2.85	%	-2.09	%	to	0.23	%
December 31, 2014	1,093	$	10.97	to	$	25.39	$	19,789	0.00	%	0.55	%	to	2.85	%	0.86	%	to	10.75	%

	AST BlackRock/Loomis Sayles Bond Portfolio
December 31, 2018	15,039	$	9.94	to	$	14.62	$	171,480	0.00	%	0.55	%	to	2.85	%	-3.51	%	to	-1.21	%
December 31, 2017	17,408	$	10.15	to	$	14.89	$	203,122	0.00	%	0.55	%	to	2.85	%	1.40	%	to	3.79	%
December 31, 2016	16,578	$	9.87	to	$	14.43	$	188,386	0.00	%	0.55	%	to	2.85	%	1.26	%	to	3.66	%
December 31, 2015	17,618	$	9.61	to	$	14.00	$	195,239	0.00	%	0.55	%	to	2.85	%	-4.90	%	to	-1.67	%
December 31, 2014	20,088	$	9.96	to	$	14.47	$	231,464	0.00	%	0.55	%	to	2.85	%	1.26	%	to	3.66	%

	AST International Value Portfolio
December 31, 2018	1,024	$	8.93	to	$	14.54	$	11,239	0.00	%	0.55	%	to	2.70	%	-18.41	%	to	-16.60	%
December 31, 2017	1,067	$	10.84	to	$	17.68	$	14,123	0.00	%	0.55	%	to	2.70	%	19.51	%	to	22.14	%
December 31, 2016	1,019	$	8.98	to	$	14.68	$	11,047	0.00	%	0.55	%	to	2.70	%	-2.13	%	to	0.03	%
December 31, 2015	978	$	9.08	to	$	14.88	$	10,620	0.00	%	0.55	%	to	2.70	%	-9.67	%	to	2.47	%
December 31, 2014	788	$	9.39	to	$	15.04	$	8,945	0.00	%	0.55	%	to	2.70	%	-9.22	%	to	-6.37	%

	AST International Growth Portfolio
December 31, 2018	1,476	$	10.39	to	$	17.56	$	19,291	0.00	%	0.55	%	to	2.55	%	-15.50	%	to	-13.81	%
December 31, 2017	1,388	$	12.16	to	$	20.65	$	21,230	0.00	%	0.55	%	to	2.55	%	32.07	%	to	34.68	%
December 31, 2016	1,400	$	9.09	to	$	15.55	$	15,906	0.00	%	0.55	%	to	2.55	%	-6.17	%	to	-4.31	%
December 31, 2015	1,421	$	9.57	to	$	16.47	$	16,885	0.00	%	0.55	%	to	2.85	%	0.21	%	to	7.39	%
December 31, 2014	1,493	$	9.40	to	$	16.28	$	17,534	0.00	%	0.55	%	to	2.85	%	-8.22	%	to	-2.22	%

	AST Investment Grade Bond Portfolio
December 31, 2018	50,427	$	10.16	to	$	16.54	$	611,859	0.00	%	0.55	%	to	2.25	%	-2.52	%	to	-0.82	%
December 31, 2017	6,925	$	10.39	to	$	16.78	$	94,733	0.00	%	0.85	%	to	2.25	%	1.97	%	to	3.43	%
December 31, 2016	18,562	$	10.16	to	$	16.27	$	239,554	0.00	%	0.55	%	to	2.25	%	1.87	%	to	3.63	%
December 31, 2015	17,268	$	9.94	to	$	15.79	$	219,367	0.00	%	0.85	%	to	2.25	%	-1.10	%	to	0.31	%
December 31, 2014	4,188	$	10.03	to	$	15.79	$	55,403	0.00	%	0.85	%	to	2.25	%	4.33	%	to	5.82	%

	AST Western Asset Core Plus Bond Portfolio
December 31, 2018	9,301	$	10.58	to	$	13.64	$	114,486	0.00	%	0.55	%	to	2.85	%	-5.07	%	to	-2.80	%
December 31, 2017	5,999	$	10.92	to	$	14.09	$	76,488	0.00	%	0.55	%	to	2.85	%	3.29	%	to	5.72	%
December 31, 2016	5,382	$	10.37	to	$	13.39	$	65,782	0.00	%	0.55	%	to	2.85	%	2.16	%	to	4.57	%
December 31, 2015	5,181	$	9.94	to	$	12.86	$	61,122	0.00	%	0.55	%	to	2.85	%	-1.65	%	to	0.68	%
December 31, 2014	4,880	$	10.28	to	$	12.83	$	57,740	0.00	%	0.55	%	to	2.85	%	3.00	%	to	6.61	%

	AST Bond Portfolio 2018 (Expired December 31, 2018)
December 31, 2018	—	$	10.39	to	$	11.32	$	—	0.00	%	1.90	%	to	2.85	%	-2.13	%	to	-1.17	%
December 31, 2017	1,587	$	10.62	to	$	11.45	$	17,666	0.00	%	1.90	%	to	2.85	%	-2.15	%	to	-1.20	%
December 31, 2016	1,049	$	10.85	to	$	11.59	$	11,811	0.00	%	1.90	%	to	2.85	%	-1.28	%	to	-0.32	%
December 31, 2015	1,389	$	10.99	to	$	13.25	$	15,819	0.00	%	1.90	%	to	2.85	%	-2.06	%	to	-1.07	%
December 31, 2014	1,578	$	11.22	to	$	13.40	$	18,217	0.00	%	1.90	%	to	2.85	%	-0.26	%	to	0.75	%

A98


Note 7:	Financial Highlights (Continued)



	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Bond Portfolio 2019
December 31, 2018	1,338	$	10.60	to	$	11.55	$	14,971	0.00	%	1.90	%	to	2.85	%	-2.31	%	to	-1.36	%
December 31, 2017	76	$	10.98	to	$	11.71	$	869	0.00	%	1.90	%	to	2.70	%	-1.95	%	to	-1.15	%
December 31, 2016	104	$	11.20	to	$	11.84	$	1,210	0.00	%	1.90	%	to	2.70	%	-1.29	%	to	-0.48	%
December 31, 2015	111	$	11.24	to	$	13.16	$	1,305	0.00	%	1.90	%	to	2.85	%	-1.81	%	to	-0.85	%
December 31, 2014	95	$	11.45	to	$	13.30	$	1,131	0.00	%	1.90	%	to	2.85	%	1.29	%	to	2.28	%

	AST Global Real Estate Portfolio
December 31, 2018	476	$	10.44	to	$	21.49	$	6,999	0.00	%	0.55	%	to	2.85	%	-7.44	%	to	-5.24	%
December 31, 2017	563	$	11.05	to	$	22.99	$	8,894	0.00	%	0.55	%	to	2.85	%	7.73	%	to	10.28	%
December 31, 2016	557	$	10.05	to	$	21.14	$	8,056	0.00	%	0.55	%	to	2.85	%	-1.97	%	to	0.34	%
December 31, 2015	571	$	10.05	to	$	21.36	$	8,312	0.00	%	0.55	%	to	2.85	%	-2.94	%	to	5.49	%
December 31, 2014	606	$	10.85	to	$	21.79	$	9,050	0.00	%	0.55	%	to	2.85	%	7.71	%	to	13.30	%

	AST Parametric Emerging Markets Equity Portfolio
December 31, 2018	2,114	$	8.22	to	$	13.89	$	19,786	0.00	%	0.55	%	to	2.85	%	-16.51	%	to	-14.52	%
December 31, 2017	2,536	$	9.64	to	$	16.48	$	28,053	0.00	%	0.55	%	to	2.85	%	22.79	%	to	25.68	%
December 31, 2016	2,293	$	7.70	to	$	13.30	$	20,397	0.00	%	0.55	%	to	2.85	%	9.17	%	to	11.74	%
December 31, 2015	2,518	$	6.91	to	$	12.06	$	20,210	0.00	%	0.55	%	to	2.85	%	-19.10	%	to	0.59	%
December 31, 2014	2,742	$	8.37	to	$	14.77	$	26,823	0.00	%	0.55	%	to	2.85	%	-7.40	%	to	-5.21	%

	AST Goldman Sachs Small-Cap Value Portfolio
December 31, 2018	1,371	$	11.49	to	$	26.88	$	26,493	0.00	%	0.55	%	to	2.70	%	-16.40	%	to	-14.54	%
December 31, 2017	1,537	$	13.48	to	$	31.89	$	35,213	0.00	%	0.55	%	to	2.70	%	9.17	%	to	11.57	%
December 31, 2016	1,476	$	12.12	to	$	28.98	$	30,919	0.00	%	0.55	%	to	2.70	%	20.96	%	to	23.63	%
December 31, 2015	1,530	$	9.84	to	$	23.77	$	26,257	0.00	%	0.55	%	to	2.85	%	-8.19	%	to	2.45	%
December 31, 2014	1,619	$	10.76	to	$	25.64	$	30,102	0.00	%	0.55	%	to	2.70	%	4.30	%	to	7.79	%

	AST RCM World Trends Portfolio
December 31, 2018	27,004	$	11.42	to	$	16.12	$	350,824	0.00	%	0.55	%	to	2.85	%	-10.54	%	to	-8.41	%
December 31, 2017	30,616	$	12.70	to	$	17.84	$	439,420	0.00	%	0.55	%	to	2.85	%	12.93	%	to	15.59	%
December 31, 2016	31,176	$	11.19	to	$	15.65	$	391,848	0.00	%	0.55	%	to	2.85	%	1.84	%	to	4.24	%
December 31, 2015	31,704	$	10.93	to	$	15.22	$	387,734	0.00	%	0.55	%	to	2.85	%	-3.01	%	to	-0.72	%
December 31, 2014	27,104	$	11.21	to	$	15.54	$	341,955	0.00	%	0.55	%	to	2.85	%	2.14	%	to	4.56	%

	AST J.P. Morgan Global Thematic Portfolio
December 31, 2018	13,554	$	12.47	to	$	18.48	$	190,855	0.00	%	0.55	%	to	2.85	%	-10.03	%	to	-7.88	%
December 31, 2017	14,487	$	13.66	to	$	20.34	$	224,714	0.00	%	0.55	%	to	2.85	%	13.63	%	to	16.31	%
December 31, 2016	13,671	$	11.85	to	$	17.73	$	185,732	0.00	%	0.55	%	to	2.85	%	2.23	%	to	4.64	%
December 31, 2015	12,956	$	11.43	to	$	17.18	$	172,310	0.00	%	0.55	%	to	2.85	%	-3.87	%	to	-1.59	%
December 31, 2014	12,870	$	11.72	to	$	17.70	$	177,267	0.00	%	0.55	%	to	2.85	%	3.33	%	to	5.78	%

	AST Goldman Sachs Multi-Asset Portfolio
December 31, 2018	14,916	$	11.08	to	$	15.17	$	179,187	0.00	%	0.55	%	to	2.85	%	-9.72	%	to	-7.57	%
December 31, 2017	17,514	$	12.10	to	$	16.65	$	231,540	0.00	%	0.55	%	to	2.85	%	9.09	%	to	11.67	%
December 31, 2016	14,821	$	10.93	to	$	15.11	$	179,412	0.00	%	0.55	%	to	2.85	%	2.26	%	to	4.68	%
December 31, 2015	14,934	$	10.54	to	$	14.64	$	175,525	0.00	%	0.55	%	to	2.85	%	-3.73	%	to	-1.45	%
December 31, 2014	15,715	$	10.79	to	$	15.06	$	190,576	0.00	%	0.55	%	to	2.85	%	1.08	%	to	3.47	%

	ProFund VP Consumer Services
December 31, 2018	11	$	25.39	to	$	28.53	$	272	0.00	%	0.55	%	to	1.50	%	-0.88	%	to	0.06	%
December 31, 2017	10	$	25.61	to	$	28.51	$	265	0.00	%	0.55	%	to	1.50	%	16.62	%	to	17.72	%
December 31, 2016	8	$	21.96	to	$	21.96	$	173	0.00	%	1.50	%	to	1.50	%	2.65	%	to	2.65	%
December 31, 2015	11	$	21.40	to	$	21.40	$	236	0.00	%	1.50	%	to	1.50	%	3.14	%	to	3.14	%
December 31, 2014	13	$	20.74	to	$	20.74	$	279	0.00	%	0.55	%	to	1.50	%	10.80	%	to	11.84	%

	ProFund VP Consumer Goods
December 31, 2018	6	$	16.76	to	$	16.76	$	101	1.22	%	1.50	%	to	1.50	%	-16.07	%	to	-16.07	%
December 31, 2017	8	$	19.22	to	$	19.96	$	156	0.82	%	1.50	%	to	1.90	%	12.92	%	to	13.36	%
December 31, 2016	14	$	17.02	to	$	17.61	$	243	1.10	%	1.50	%	to	1.90	%	1.62	%	to	2.02	%
December 31, 2015	7	$	17.26	to	$	17.26	$	113	1.06	%	1.50	%	to	1.50	%	2.62	%	to	2.62	%
December 31, 2014	8	$	16.82	to	$	16.82	$	134	0.70	%	0.55	%	to	1.50	%	8.60	%	to	9.62	%

A99


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, 2018	26	$	10.72	to	$	18.98	$	311	0.38	%	0.55	%	to	1.90	%	-12.11	%	to	-10.92	%
December 31, 2017	24	$	12.20	to	$	21.31	$	328	0.34	%	0.55	%	to	1.90	%	15.99	%	to	17.54	%
December 31, 2016	27	$	10.52	to	$	18.13	$	308	0.36	%	0.55	%	to	1.90	%	13.17	%	to	14.69	%
December 31, 2015	32	$	9.29	to	$	15.81	$	325	0.34	%	0.55	%	to	1.90	%	-3.33	%	to	-2.04	%
December 31, 2014	33	$	9.87	to	$	9.87	$	323	0.21	%	0.55	%	to	2.10	%	10.59	%	to	12.30	%

	ProFund VP Health Care
December 31, 2018	9	$	24.11	to	$	27.06	$	216	0.00	%	0.55	%	to	1.90	%	2.48	%	to	3.86	%
December 31, 2017	9	$	23.53	to	$	26.05	$	224	0.00	%	0.55	%	to	1.90	%	18.67	%	to	20.25	%
December 31, 2016	10	$	19.83	to	$	21.66	$	197	0.00	%	0.55	%	to	1.90	%	-5.84	%	to	-4.58	%
December 31, 2015	16	$	21.70	to	$	22.70	$	358	0.00	%	0.55	%	to	1.50	%	3.47	%	to	4.45	%
December 31, 2014	17	$	20.97	to	$	20.97	$	347	0.08	%	0.55	%	to	2.10	%	21.16	%	to	23.02	%

	ProFund VP Industrials
December 31, 2018	27	$	15.58	to	$	16.25	$	432	0.11	%	1.50	%	to	1.90	%	-14.40	%	to	-14.06	%
December 31, 2017	31	$	18.20	to	$	18.90	$	587	0.20	%	1.50	%	to	1.90	%	20.12	%	to	20.59	%
December 31, 2016	32	$	15.15	to	$	15.68	$	493	0.17	%	1.50	%	to	1.90	%	15.36	%	to	15.81	%
December 31, 2015	17	$	13.13	to	$	13.53	$	231	0.10	%	1.50	%	to	1.90	%	-5.22	%	to	-4.85	%
December 31, 2014	20	$	13.86	to	$	14.22	$	283	0.27	%	1.50	%	to	1.90	%	3.61	%	to	4.02	%

	ProFund VP Mid-Cap Growth
December 31, 2018	11	$	16.63	to	$	17.34	$	195	0.00	%	1.50	%	to	1.90	%	-13.63	%	to	-13.29	%
December 31, 2017	15	$	19.25	to	$	20.00	$	309	0.00	%	1.50	%	to	1.90	%	16.11	%	to	16.56	%
December 31, 2016	18	$	16.58	to	$	17.16	$	304	0.00	%	1.50	%	to	1.90	%	10.78	%	to	11.21	%
December 31, 2015	6	$	15.43	to	$	15.43	$	91	0.00	%	1.50	%	to	1.50	%	-1.20	%	to	-1.20	%
December 31, 2014	3	$	15.61	to	$	15.61	$	42	0.00	%	0.55	%	to	2.10	%	3.71	%	to	5.31	%

	ProFund VP Mid-Cap Value
December 31, 2018	14	$	15.04	to	$	15.69	$	215	0.10	%	1.50	%	to	1.90	%	-14.92	%	to	-14.58	%
December 31, 2017	12	$	17.68	to	$	18.37	$	229	0.31	%	1.50	%	to	1.90	%	8.55	%	to	8.98	%
December 31, 2016	15	$	16.29	to	$	16.85	$	245	0.11	%	1.50	%	to	1.90	%	22.03	%	to	22.51	%
December 31, 2015	1	$	13.76	to	$	13.76	$	17	0.15	%	1.50	%	to	1.50	%	-9.58	%	to	-9.58	%
December 31, 2014	2	$	15.21	to	$	15.21	$	30	0.12	%	1.50	%	to	1.50	%	8.56	%	to	8.56	%

	ProFund VP Real Estate
December 31, 2018	9	$	12.60	to	$	12.60	$	118	2.16	%	1.50	%	to	1.50	%	-7.10	%	to	-7.10	%
December 31, 2017	10	$	13.56	to	$	13.56	$	130	0.98	%	1.50	%	to	1.50	%	6.46	%	to	6.46	%
December 31, 2016	9	$	12.74	to	$	12.74	$	116	1.77	%	1.50	%	to	1.50	%	4.17	%	to	4.17	%
December 31, 2015	10	$	11.87	to	$	17.45	$	122	0.65	%	0.55	%	to	1.90	%	-1.55	%	to	-0.23	%
December 31, 2014	13	$	12.05	to	$	12.37	$	155	1.51	%	0.55	%	to	1.90	%	22.69	%	to	24.33	%

	ProFund VP Small-Cap Growth
December 31, 2018	9	$	18.92	to	$	19.73	$	174	0.00	%	1.50	%	to	1.90	%	-7.52	%	to	-7.15	%
December 31, 2017	9	$	20.45	to	$	21.25	$	197	0.00	%	1.50	%	to	1.90	%	10.87	%	to	11.30	%
December 31, 2016	11	$	18.45	to	$	19.09	$	209	0.00	%	1.50	%	to	1.90	%	18.00	%	to	18.46	%
December 31, 2015	6	$	16.11	to	$	16.11	$	98	0.00	%	1.50	%	to	1.50	%	-0.32	%	to	-0.32	%
December 31, 2014	3	$	16.17	to	$	16.17	$	55	0.00	%	1.50	%	to	1.50	%	0.66	%	to	0.66	%

	ProFund VP Small-Cap Value
December 31, 2018	9	$	15.75	to	$	16.42	$	154	0.00	%	1.50	%	to	1.90	%	-15.82	%	to	-15.49	%
December 31, 2017	2	$	18.71	to	$	19.43	$	47	0.01	%	1.50	%	to	1.90	%	7.67	%	to	8.09	%
December 31, 2016	4	$	17.38	to	$	20.65	$	69	0.00	%	0.55	%	to	1.90	%	26.38	%	to	28.07	%
December 31, 2015	5	$	14.17	to	$	16.12	$	75	0.00	%	0.55	%	to	1.50	%	-9.63	%	to	-8.78	%
December 31, 2014	1	$	15.68	to	$	15.68	$	15	0.00	%	0.55	%	to	1.50	%	4.25	%	to	5.23	%

	ProFund VP Telecommunications
December 31, 2018	3	$	10.69	to	$	10.69	$	35	5.90	%	1.50	%	to	1.50	%	-16.37	%	to	-16.37	%
December 31, 2017	4	$	12.78	to	$	12.78	$	48	4.52	%	1.50	%	to	1.50	%	-3.57	%	to	-3.57	%
December 31, 2016	5	$	13.25	to	$	13.25	$	61	1.62	%	1.50	%	to	1.50	%	19.86	%	to	19.86	%
December 31, 2015	7	$	11.05	to	$	11.05	$	79	1.77	%	1.50	%	to	1.50	%	0.02	%	to	0.02	%
December 31, 2014	9	$	11.05	to	$	11.05	$	102	4.37	%	0.55	%	to	1.50	%	-0.92	%	to	0.01	%

A100


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, 2018	5	$	15.03	to	$	15.03	$	72	2.05	%	1.50	%	to	1.50	%	1.36	%	to	1.36	%
December 31, 2017	5	$	14.27	to	$	14.83	$	76	2.25	%	1.50	%	to	1.90	%	8.58	%	to	9.01	%
December 31, 2016	6	$	13.15	to	$	13.60	$	83	1.65	%	1.50	%	to	1.90	%	12.94	%	to	13.38	%
December 31, 2015	7	$	12.00	to	$	16.60	$	79	2.27	%	0.55	%	to	1.50	%	-7.79	%	to	-6.92	%
December 31, 2014	9	$	13.01	to	$	13.01	$	115	1.72	%	0.55	%	to	1.90	%	23.54	%	to	25.19	%

	ProFund VP Large-Cap Growth
December 31, 2018	9	$	18.75	to	$	19.55	$	172	0.00	%	1.50	%	to	1.90	%	-3.70	%	to	-3.32	%
December 31, 2017	10	$	19.47	to	$	20.22	$	206	0.00	%	1.50	%	to	1.90	%	22.96	%	to	23.45	%
December 31, 2016	9	$	15.83	to	$	16.38	$	148	0.05	%	1.50	%	to	1.90	%	3.06	%	to	3.47	%
December 31, 2015	17	$	15.83	to	$	15.83	$	274	0.00	%	1.50	%	to	1.50	%	2.22	%	to	2.22	%
December 31, 2014	7	$	15.49	to	$	15.49	$	103	0.12	%	1.50	%	to	2.10	%	10.61	%	to	11.26	%

	ProFund VP Large-Cap Value
December 31, 2018	9	$	12.75	to	$	13.30	$	124	0.86	%	1.50	%	to	1.90	%	-12.30	%	to	-11.96	%
December 31, 2017	11	$	14.54	to	$	15.11	$	163	1.07	%	1.50	%	to	1.90	%	11.32	%	to	11.76	%
December 31, 2016	10	$	13.06	to	$	13.52	$	133	1.16	%	1.50	%	to	1.90	%	13.28	%	to	13.73	%
December 31, 2015	12	$	11.88	to	$	11.88	$	144	0.55	%	1.50	%	to	1.50	%	-6.14	%	to	-6.14	%
December 31, 2014	3	$	12.66	to	$	12.66	$	40	0.65	%	1.50	%	to	1.50	%	8.84	%	to	8.84	%

	AST Bond Portfolio 2020
December 31, 2018	128	$	10.88	to	$	12.00	$	1,490	0.00	%	1.90	%	to	2.85	%	-2.58	%	to	-1.59	%
December 31, 2017	106	$	11.05	to	$	12.20	$	1,255	0.00	%	1.90	%	to	2.85	%	-1.98	%	to	-0.99	%
December 31, 2016	321	$	11.16	to	$	12.32	$	3,882	0.00	%	1.90	%	to	2.85	%	-0.94	%	to	0.06	%
December 31, 2015	365	$	10.97	to	$	12.32	$	4,432	0.00	%	1.90	%	to	2.85	%	-1.37	%	to	-0.37	%
December 31, 2014	282	$	11.03	to	$	12.37	$	3,446	0.00	%	1.90	%	to	2.85	%	3.13	%	to	4.14	%

	AST Jennison Large-Cap Growth Portfolio
December 31, 2018	1,077	$	13.70	to	$	26.47	$	24,467	0.00	%	0.55	%	to	2.70	%	-4.28	%	to	-2.15	%
December 31, 2017	1,073	$	14.05	to	$	27.17	$	25,541	0.00	%	0.55	%	to	2.70	%	32.17	%	to	35.08	%
December 31, 2016	1,031	$	10.43	to	$	20.20	$	18,697	0.00	%	0.55	%	to	2.70	%	-4.12	%	to	-2.01	%
December 31, 2015	1,078	$	10.68	to	$	20.71	$	20,138	0.00	%	0.55	%	to	2.70	%	7.65	%	to	11.41	%
December 31, 2014	972	$	11.28	to	$	18.91	$	16,897	0.00	%	0.55	%	to	2.70	%	6.55	%	to	13.75	%

	AST Bond Portfolio 2017 (Expired January 2, 2018)
December 31, 2018	—	$	10.52	to	$	10.99	$	—	0.00	%	1.90	%	to	2.45	%	-0.07	%	to	-0.07	%
December 31, 2017	29	$	10.19	to	$	11.00	$	313	0.00	%	1.90	%	to	2.85	%	-2.13	%	to	-1.17	%
December 31, 2016	1,139	$	10.42	to	$	11.13	$	12,456	0.00	%	1.90	%	to	2.85	%	-1.72	%	to	-0.76	%
December 31, 2015	1,166	$	10.60	to	$	11.21	$	12,879	0.00	%	1.90	%	to	2.85	%	-2.69	%	to	-1.74	%
December 31, 2014	991	$	10.89	to	$	11.41	$	11,150	0.00	%	1.90	%	to	2.85	%	-1.46	%	to	-0.50	%

	AST Bond Portfolio 2021
December 31, 2018	496	$	11.52	to	$	13.02	$	5,938	0.00	%	1.75	%	to	2.85	%	-2.80	%	to	-1.66	%
December 31, 2017	628	$	11.85	to	$	13.24	$	7,715	0.00	%	1.75	%	to	2.85	%	-1.31	%	to	-0.16	%
December 31, 2016	892	$	12.00	to	$	13.27	$	11,124	0.00	%	1.75	%	to	2.85	%	-0.87	%	to	0.28	%
December 31, 2015	1,175	$	12.11	to	$	13.23	$	14,680	0.00	%	1.75	%	to	2.85	%	-1.12	%	to	0.03	%
December 31, 2014	1,066	$	12.25	to	$	13.22	$	13,414	0.00	%	1.75	%	to	2.85	%	4.61	%	to	5.83	%

	Wells Fargo VT International Equity Fund (Class 1)
December 31, 2018	3	$	15.44	to	$	15.44	$	39	11.56	%	1.75	%	to	1.75	%	-18.30	%	to	-18.30	%
December 31, 2017	2	$	18.90	to	$	18.90	$	46	3.04	%	1.75	%	to	1.75	%	22.72	%	to	22.72	%
December 31, 2016	3	$	15.40	to	$	15.40	$	40	3.17	%	1.75	%	to	1.75	%	1.48	%	to	1.48	%
December 31, 2015	3	$	15.17	to	$	15.63	$	39	4.26	%	1.50	%	to	1.75	%	0.54	%	to	0.78	%
December 31, 2014	3	$	15.09	to	$	15.51	$	42	3.01	%	1.50	%	to	1.75	%	-6.93	%	to	-6.70	%

	Wells Fargo VT Omega Growth Fund (Class 1)
December 31, 2018	105	$	3.95	to	$	4.11	$	414	0.00	%	1.50	%	to	1.75	%	-1.22	%	to	-0.98	%
December 31, 2017	106	$	4.00	to	$	4.15	$	423	0.24	%	1.50	%	to	1.75	%	32.64	%	to	32.96	%
December 31, 2016	107	$	3.01	to	$	3.12	$	322	0.00	%	1.50	%	to	1.75	%	-0.96	%	to	-0.72	%
December 31, 2015	106	$	3.04	to	$	3.14	$	324	0.00	%	1.50	%	to	1.75	%	-0.13	%	to	0.12	%
December 31, 2014	106	$	3.05	to	$	3.14	$	324	0.00	%	1.50	%	to	1.75	%	2.30	%	to	2.55	%

A101


Note 7:	Financial Highlights (Continued)



	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Bond Portfolio 2022
December 31, 2018	429	$	10.80	to	$	11.67	$	4,816	0.00	%	1.90	%	to	2.85	%	-3.01	%	to	-2.05	%
December 31, 2017	617	$	11.13	to	$	11.92	$	7,200	0.00	%	1.90	%	to	2.85	%	-1.32	%	to	-0.36	%
December 31, 2016	721	$	11.28	to	$	11.96	$	8,478	0.00	%	1.90	%	to	2.85	%	-1.07	%	to	-0.10	%
December 31, 2015	924	$	11.40	to	$	12.35	$	10,940	0.00	%	1.30	%	to	2.85	%	-0.81	%	to	0.79	%
December 31, 2014	815	$	11.50	to	$	12.26	$	9,669	0.00	%	1.30	%	to	2.85	%	7.22	%	to	8.95	%

	AST Quantitative Modeling Portfolio
December 31, 2018	3,832	$	11.57	to	$	14.97	$	52,994	0.00	%	0.55	%	to	2.40	%	-8.73	%	to	-7.04	%
December 31, 2017	2,824	$	12.49	to	$	16.10	$	42,014	0.00	%	0.55	%	to	2.40	%	15.43	%	to	17.54	%
December 31, 2016	1,960	$	10.66	to	$	13.70	$	24,699	0.00	%	0.55	%	to	2.40	%	3.84	%	to	5.74	%
December 31, 2015	1,494	$	10.11	to	$	12.96	$	17,788	0.00	%	0.55	%	to	2.40	%	-2.20	%	to	4.38	%
December 31, 2014	471	$	10.55	to	$	13.01	$	5,511	0.00	%	0.55	%	to	2.15	%	4.26	%	to	5.92	%

	AST BlackRock Global Strategies Portfolio
December 31, 2018	11,402	$	11.00	to	$	12.79	$	133,698	0.00	%	0.55	%	to	2.55	%	-7.65	%	to	-5.80	%
December 31, 2017	12,231	$	11.91	to	$	13.58	$	153,792	0.00	%	0.55	%	to	2.55	%	9.82	%	to	11.99	%
December 31, 2016	11,986	$	10.85	to	$	12.13	$	136,040	0.00	%	0.55	%	to	2.55	%	4.31	%	to	6.37	%
December 31, 2015	12,009	$	10.40	to	$	11.40	$	129,616	0.00	%	0.55	%	to	2.55	%	-5.41	%	to	-3.53	%
December 31, 2014	11,411	$	11.00	to	$	11.82	$	129,184	0.00	%	0.55	%	to	2.55	%	2.29	%	to	4.32	%

	Wells Fargo VT Opportunity Fund (Class 1)
December 31, 2018	6	$	19.55	to	$	19.91	$	127	0.43	%	1.50	%	to	1.75	%	-8.54	%	to	-8.31	%
December 31, 2017	8	$	21.38	to	$	21.71	$	171	0.87	%	1.50	%	to	1.75	%	18.65	%	to	18.95	%
December 31, 2016	9	$	18.01	to	$	18.25	$	168	2.27	%	1.50	%	to	1.75	%	10.59	%	to	10.86	%
December 31, 2015	10	$	16.29	to	$	16.46	$	163	0.40	%	1.50	%	to	1.75	%	-4.52	%	to	-4.28	%
December 31, 2014	10	$	17.06	to	$	17.20	$	179	0.30	%	1.50	%	to	1.75	%	8.80	%	to	9.07	%

	AST Prudential Core Bond Portfolio
December 31, 2018	2,551	$	10.03	to	$	11.74	$	28,280	0.00	%	0.55	%	to	2.70	%	-3.51	%	to	-1.36	%
December 31, 2017	2,337	$	10.40	to	$	11.90	$	26,414	0.00	%	0.55	%	to	2.70	%	2.82	%	to	5.09	%
December 31, 2016	1,830	$	10.11	to	$	11.32	$	19,811	0.00	%	0.55	%	to	2.70	%	1.40	%	to	3.64	%
December 31, 2015	1,336	$	9.84	to	$	10.92	$	14,106	0.00	%	0.55	%	to	2.70	%	-2.96	%	to	-0.82	%
December 31, 2014	1,020	$	10.12	to	$	11.01	$	10,901	0.00	%	0.55	%	to	2.70	%	2.75	%	to	5.48	%

	AST Bond Portfolio 2023
December 31, 2018	110	$	9.53	to	$	10.39	$	1,090	0.00	%	1.30	%	to	2.55	%	-2.76	%	to	-1.55	%
December 31, 2017	131	$	9.80	to	$	10.55	$	1,333	0.00	%	1.30	%	to	2.55	%	-0.83	%	to	0.39	%
December 31, 2016	181	$	9.88	to	$	10.51	$	1,835	0.00	%	1.30	%	to	2.55	%	-0.62	%	to	0.61	%
December 31, 2015	97	$	9.80	to	$	10.45	$	982	0.00	%	1.30	%	to	2.85	%	-0.22	%	to	1.39	%
December 31, 2014	1,493	$	9.82	to	$	10.30	$	14,973	0.00	%	1.30	%	to	2.85	%	9.41	%	to	11.17	%

	AST New Discovery Asset Allocation Portfolio
December 31, 2018	4,069	$	11.85	to	$	13.85	$	51,311	0.00	%	0.55	%	to	2.85	%	-10.90	%	to	-8.78	%
December 31, 2017	4,641	$	13.30	to	$	15.18	$	64,866	0.00	%	0.55	%	to	2.85	%	13.18	%	to	15.85	%
December 31, 2016	4,533	$	11.72	to	$	13.11	$	55,405	0.00	%	0.55	%	to	2.85	%	1.36	%	to	3.75	%
December 31, 2015	4,408	$	11.40	to	$	12.63	$	52,607	0.00	%	0.55	%	to	2.85	%	-4.06	%	to	-1.78	%
December 31, 2014	4,050	$	11.71	to	$	12.86	$	49,993	0.00	%	0.55	%	to	2.85	%	2.14	%	to	4.56	%

	AST Western Asset Emerging Markets Debt Portfolio
December 31, 2018	72	$	9.21	to	$	10.99	$	728	0.00	%	0.55	%	to	1.95	%	-8.50	%	to	-7.18	%
December 31, 2017	68	$	10.06	to	$	11.86	$	749	0.00	%	0.55	%	to	1.95	%	7.18	%	to	8.70	%
December 31, 2016	43	$	9.39	to	$	10.93	$	435	0.00	%	0.55	%	to	1.95	%	8.45	%	to	10.00	%
December 31, 2015	36	$	8.65	to	$	9.95	$	326	0.00	%	0.55	%	to	1.95	%	-4.97	%	to	0.60	%
December 31, 2014	25	$	9.11	to	$	9.70	$	234	0.00	%	0.55	%	to	1.95	%	-2.95	%	to	0.80	%

	AST MFS Large-Cap Value Portfolio
December 31, 2018	893	$	11.87	to	$	17.44	$	14,199	0.00	%	0.55	%	to	2.85	%	-12.73	%	to	-10.65	%
December 31, 2017	972	$	13.33	to	$	19.51	$	17,578	0.00	%	0.55	%	to	2.85	%	14.01	%	to	16.70	%
December 31, 2016	926	$	11.45	to	$	16.72	$	14,586	0.00	%	0.55	%	to	2.85	%	10.22	%	to	12.82	%
December 31, 2015	571	$	10.18	to	$	14.82	$	8,033	0.00	%	0.55	%	to	2.85	%	-3.55	%	to	6.06	%
December 31, 2014	126	$	10.95	to	$	15.01	$	1,827	0.00	%	0.55	%	to	2.30	%	7.68	%	to	9.61	%

A102


Note 7:	Financial Highlights (Continued)



	At the year ended								For the year ended
	Units (000s)	Unit Value Lowest — Highest					Net Assets (000s)		Investment Income Ratio*		Expense Ratio** Lowest — Highest					Total Return*** Lowest — Highest
	AST Bond Portfolio 2024
December 31, 2018	434	$	9.32	to	$	10.00	$	4,129	0.00	%	1.30	%	to	2.45	%	-3.09	%	to	-1.93	%
December 31, 2017	432	$	9.61	to	$	10.20	$	4,241	0.00	%	1.30	%	to	2.45	%	-0.80	%	to	0.38	%
December 31, 2016	39	$	9.69	to	$	10.16	$	387	0.00	%	1.30	%	to	2.45	%	-0.58	%	to	0.60	%
December 31, 2015	71	$	9.63	to	$	10.10	$	704	0.00	%	1.30	%	to	2.85	%	-0.09	%	to	1.52	%
December 31, 2014	966	$	9.64	to	$	9.95	$	9,468	0.00	%	1.30	%	to	2.85	%	11.33	%	to	13.12	%

	AST AQR Emerging Markets Equity Portfolio
December 31, 2018	231	$	9.29	to	$	11.98	$	2,366	0.00	%	0.55	%	to	1.90	%	-20.50	%	to	-19.40	%
December 31, 2017	193	$	11.68	to	$	14.89	$	2,447	0.00	%	0.55	%	to	1.90	%	32.39	%	to	34.21	%
December 31, 2016	66	$	8.82	to	$	11.12	$	635	0.00	%	0.55	%	to	1.90	%	11.22	%	to	12.74	%
December 31, 2015	31	$	7.93	to	$	8.27	$	251	0.00	%	0.55	%	to	1.90	%	-17.13	%	to	-15.99	%
December 31, 2014	15	$	9.57	to	$	9.85	$	150	0.00	%	0.55	%	to	1.90	%	-4.97	%	to	-2.14	%

	AST ClearBridge Dividend Growth Portfolio
December 31, 2018	770	$	13.08	to	$	16.26	$	11,691	0.00	%	0.55	%	to	2.85	%	-7.49	%	to	-5.29	%
December 31, 2017	931	$	13.85	to	$	17.16	$	15,029	0.00	%	0.55	%	to	2.85	%	15.04	%	to	17.75	%
December 31, 2016	1,026	$	11.80	to	$	14.58	$	14,260	0.00	%	0.55	%	to	2.85	%	11.63	%	to	14.26	%
December 31, 2015	440	$	10.36	to	$	12.76	$	5,391	0.00	%	0.55	%	to	2.70	%	-6.18	%	to	7.54	%
December 31, 2014	411	$	11.06	to	$	13.30	$	5,342	0.00	%	0.55	%	to	2.70	%	9.84	%	to	12.98	%

	AST Multi-Sector Fixed Income Portfolio
December 31, 2018	137,940	$	10.41	to	$	10.92	$	1,436,314	0.00	%	1.10	%	to	1.90	%	-7.40	%	to	-6.64	%
December 31, 2017	113,950	$	11.24	to	$	11.70	$	1,281,280	0.00	%	1.10	%	to	1.90	%	6.66	%	to	7.53	%
December 31, 2016	96,517	$	10.54	to	$	10.88	$	1,017,452	0.00	%	1.10	%	to	1.90	%	6.86	%	to	7.73	%
December 31, 2015	60,419	$	9.86	to	$	10.10	$	596,025	0.00	%	1.10	%	to	1.90	%	-4.91	%	to	-4.14	%
December 31, 2014	34,124	$	10.37	to	$	10.53	$	354,014	0.00	%	1.10	%	to	1.90	%	9.06	%	to	9.95	%

	AST AQR Large-Cap Portfolio
December 31, 2018	115	$	12.48	to	$	16.31	$	1,755	0.00	%	0.55	%	to	1.95	%	-9.94	%	to	-8.64	%
December 31, 2017	86	$	13.70	to	$	17.85	$	1,466	0.00	%	0.55	%	to	1.95	%	19.76	%	to	21.46	%
December 31, 2016	64	$	11.32	to	$	14.70	$	907	0.00	%	0.55	%	to	1.90	%	8.60	%	to	10.09	%
December 31, 2015	27	$	10.32	to	$	13.35	$	355	0.00	%	0.55	%	to	1.90	%	-0.21	%	to	7.26	%
December 31, 2014	35	$	11.16	to	$	13.20	$	456	0.00	%	0.55	%	to	1.85	%	11.08	%	to	12.55	%

	AST QMA Large-Cap Portfolio
December 31, 2018	75	$	12.76	to	$	16.74	$	1,197	0.00	%	0.55	%	to	1.95	%	-8.97	%	to	-7.66	%
December 31, 2017	63	$	13.85	to	$	18.13	$	1,090	0.00	%	0.55	%	to	1.95	%	19.05	%	to	20.74	%
December 31, 2016	48	$	11.49	to	$	15.01	$	698	0.00	%	0.55	%	to	1.95	%	8.70	%	to	10.25	%
December 31, 2015	24	$	10.44	to	$	13.62	$	311	0.00	%	0.55	%	to	1.90	%	-0.39	%	to	8.62	%
December 31, 2014	13	$	11.17	to	$	13.48	$	170	0.00	%	0.55	%	to	1.50	%	11.23	%	to	14.61	%

	AST Bond Portfolio 2025 (Available January 2, 2014)
December 31, 2018	227	$	10.52	to	$	11.05	$	2,469	0.00	%	1.90	%	to	2.85	%	-3.58	%	to	-2.63	%
December 31, 2017	28	$	10.91	to	$	11.16	$	303	0.00	%	2.30	%	to	2.85	%	-1.07	%	to	-0.51	%
December 31, 2016	44	$	11.03	to	$	11.57	$	484	0.00	%	1.30	%	to	2.85	%	-0.44	%	to	1.16	%
December 31, 2015	2,806	$	11.08	to	$	11.44	$	31,560	0.00	%	1.30	%	to	2.85	%	-0.91	%	to	0.69	%
December 31, 2014	288	$	11.20	to	$	11.36	$	3,246	0.00	%	1.30	%	to	2.70	%	11.99	%	to	13.62	%

	AST T. Rowe Price Growth Opportunities Portfolio (Available February 10, 2014)
December 31, 2018	10,900	$	11.53	to	$	12.36	$	128,786	0.00	%	0.55	%	to	1.95	%	-9.45	%	to	-8.15	%
December 31, 2017	8,173	$	12.74	to	$	13.46	$	105,998	0.00	%	0.55	%	to	1.95	%	18.06	%	to	19.74	%
December 31, 2016	5,808	$	10.79	to	$	11.24	$	63,454	0.00	%	0.55	%	to	1.95	%	3.40	%	to	4.87	%
December 31, 2015	3,680	$	10.43	to	$	10.72	$	38,695	0.00	%	0.55	%	to	1.95	%	-0.48	%	to	0.94	%
December 31, 2014	1,715	$	10.48	to	$	10.62	$	18,044	0.00	%	0.55	%	to	1.95	%	4.85	%	to	6.18	%

	AST Goldman Sachs Global Growth Allocation Portfolio (Available April 28, 2014)
December 31, 2018	369	$	10.94	to	$	11.09	$	4,089	0.00	%	0.55	%	to	0.86	%	-10.25	%	to	-9.97	%
December 31, 2017	345	$	12.19	to	$	12.32	$	4,243	0.00	%	0.55	%	to	0.86	%	15.71	%	to	16.07	%
December 31, 2016	310	$	10.53	to	$	10.62	$	3,290	0.00	%	0.55	%	to	0.86	%	4.79	%	to	5.11	%
December 31, 2015	276	$	10.05	to	$	10.12	$	2,782	0.00	%	0.55	%	to	0.83	%	-1.79	%	to	4.89	%
December 31, 2014	82	$	10.23	to	$	10.25	$	837	0.00	%	0.55	%	to	0.83	%	2.32	%	to	2.52	%

A103


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 Diversified Real Growth Portfolio (Available April 28, 2014)
December 31, 2018	563	$	11.60	to	$	12.10	$	6,668	0.00	%	0.55	%	to	0.86	%	-7.91	%	to	-7.62	%
December 31, 2017	528	$	12.60	to	$	13.14	$	6,781	0.00	%	0.55	%	to	0.86	%	17.65	%	to	18.02	%
December 31, 2016	503	$	10.71	to	$	11.16	$	5,491	0.00	%	0.55	%	to	0.86	%	6.40	%	to	11.77	%
December 31, 2015	430	$	10.07	to	$	10.28	$	4,400	0.00	%	0.55	%	to	0.86	%	-1.02	%	to	3.84	%
December 31, 2014	159	$	10.34	to	$	10.36	$	1,649	0.00	%	0.55	%	to	0.83	%	3.41	%	to	3.61	%

	AST Prudential Flexible Multi-Strategy Portfolio (Available April 28, 2014)
December 31, 2018	1,077	$	11.40	to	$	12.12	$	12,900	0.00	%	0.55	%	to	0.86	%	-7.34	%	to	-7.05	%
December 31, 2017	922	$	12.30	to	$	13.04	$	11,889	0.00	%	0.55	%	to	0.86	%	15.96	%	to	16.32	%
December 31, 2016	761	$	10.61	to	$	11.21	$	8,453	0.00	%	0.55	%	to	0.86	%	6.54	%	to	6.87	%
December 31, 2015	540	$	9.96	to	$	10.49	$	5,627	0.00	%	0.55	%	to	0.86	%	-0.83	%	to	1.37	%
December 31, 2014	104	$	10.53	to	$	10.55	$	1,101	0.00	%	0.55	%	to	0.83	%	5.30	%	to	5.51	%

	AST BlackRock Multi-Asset Income Portfolio (Available April 28, 2014) (Expired April 27, 2018)
December 31, 2018	—	$	10.41	to	$	11.18	$	—	0.00	%	0.55	%	to	0.86	%	-1.22	%	to	-1.12	%
December 31, 2017	633	$	10.54	to	$	11.32	$	6,791	0.00	%	0.55	%	to	0.86	%	5.04	%	to	5.36	%
December 31, 2016	576	$	10.03	to	$	10.47	$	5,863	0.00	%	0.55	%	to	0.86	%	5.96	%	to	6.29	%
December 31, 2015	494	$	9.47	to	$	9.87	$	4,724	0.00	%	0.55	%	to	0.86	%	-4.89	%	to	0.26	%
December 31, 2014	100	$	9.95	to	$	9.97	$	995	0.00	%	0.55	%	to	0.83	%	-0.46	%	to	-0.27	%

	AST Franklin Templeton K2 Global Absolute Return Portfolio (Available April 28, 2014)
December 31, 2018	297	$	9.44	to	$	10.13	$	2,845	0.00	%	0.55	%	to	0.86	%	-6.25	%	to	-5.96	%
December 31, 2017	299	$	10.05	to	$	10.79	$	3,041	0.00	%	0.55	%	to	0.86	%	6.59	%	to	6.92	%
December 31, 2016	284	$	9.42	to	$	10.11	$	2,702	0.00	%	0.55	%	to	0.86	%	1.47	%	to	1.79	%
December 31, 2015	183	$	9.26	to	$	9.95	$	1,707	0.00	%	0.55	%	to	0.73	%	-4.35	%	to	0.93	%
December 31, 2014	44	$	9.68	to	$	9.69	$	430	0.00	%	0.55	%	to	0.68	%	-3.15	%	to	-3.06	%

	AST Managed Equity Portfolio (Available April 28, 2014)
December 31, 2018	269	$	11.23	to	$	11.39	$	3,054	0.00	%	0.55	%	to	0.86	%	-12.87	%	to	-12.59	%
December 31, 2017	273	$	12.89	to	$	13.03	$	3,559	0.00	%	0.55	%	to	0.86	%	23.12	%	to	23.50	%
December 31, 2016	213	$	10.47	to	$	10.55	$	2,245	0.00	%	0.55	%	to	0.86	%	4.30	%	to	4.63	%
December 31, 2015	135	$	10.04	to	$	10.09	$	1,362	0.00	%	0.55	%	to	0.73	%	-2.12	%	to	4.46	%
December 31, 2014	27	$	10.28	to	$	10.29	$	274	0.00	%	0.55	%	to	0.68	%	2.82	%	to	2.92	%

	AST Managed Fixed Income Portfolio (Available April 28, 2014)
December 31, 2018	581	$	10.17	to	$	10.30	$	5,966	0.00	%	0.55	%	to	0.86	%	-1.70	%	to	-1.39	%
December 31, 2017	519	$	10.34	to	$	10.45	$	5,409	0.00	%	0.55	%	to	0.86	%	3.01	%	to	3.33	%
December 31, 2016	444	$	10.03	to	$	10.12	$	4,487	0.00	%	0.55	%	to	0.86	%	2.64	%	to	2.96	%
December 31, 2015	264	$	9.77	to	$	9.84	$	2,594	0.00	%	0.55	%	to	0.86	%	-2.41	%	to	-1.06	%
December 31, 2014	123	$	10.01	to	$	10.03	$	1,230	0.00	%	0.55	%	to	0.83	%	0.13	%	to	0.33	%

	AST FQ Absolute Return Currency Portfolio (Available April 28, 2014)
December 31, 2018	51	$	9.40	to	$	10.40	$	486	0.00	%	0.55	%	to	0.86	%	-6.28	%	to	-5.98	%
December 31, 2017	52	$	10.01	to	$	11.08	$	529	0.00	%	0.55	%	to	0.86	%	-3.86	%	to	-3.56	%
December 31, 2016	43	$	10.39	to	$	11.51	$	454	0.00	%	0.55	%	to	0.86	%	14.14	%	to	14.49	%
December 31, 2015	17	$	9.08	to	$	10.07	$	155	0.00	%	0.55	%	to	0.86	%	-6.38	%	to	-3.25	%
December 31, 2014	4	$	9.70	to	$	9.71	$	40	0.00	%	0.55	%	to	0.68	%	-2.95	%	to	-2.86	%

	AST Jennison Global Infrastructure Portfolio (Available April 28, 2014)
December 31, 2018	153	$	10.66	to	$	10.73	$	1,645	0.00	%	0.55	%	to	0.86	%	-9.35	%	to	-9.06	%
December 31, 2017	143	$	11.74	to	$	11.81	$	1,683	0.00	%	0.55	%	to	0.73	%	17.99	%	to	18.20	%
December 31, 2016	106	$	9.95	to	$	10.01	$	1,054	0.00	%	0.55	%	to	0.73	%	7.32	%	to	7.52	%
December 31, 2015	54	$	9.26	to	$	9.28	$	505	0.00	%	0.55	%	to	0.68	%	-10.95	%	to	-10.83	%
December 31, 2014	7	$	10.40	to	$	10.41	$	68	0.00	%	0.55	%	to	0.68	%	4.02	%	to	4.11	%

	AST PIMCO Dynamic Bond Portfolio (Available April 28, 2014)
December 31, 2018	115	$	9.29	to	$	9.69	$	1,085	0.00	%	0.55	%	to	0.86	%	-1.17	%	to	-0.86	%
December 31, 2017	83	$	9.38	to	$	9.79	$	788	0.00	%	0.55	%	to	0.86	%	-1.16	%	to	-0.86	%
December 31, 2016	64	$	9.47	to	$	9.89	$	619	0.00	%	0.55	%	to	0.86	%	0.18	%	to	0.49	%
December 31, 2015	20	$	9.44	to	$	9.86	$	185	0.00	%	0.55	%	to	0.73	%	-2.92	%	to	-0.98	%
December 31, 2014	9	$	9.72	to	$	9.73	$	91	0.00	%	0.55	%	to	0.68	%	-2.75	%	to	-2.66	%

A104


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 Legg Mason Diversified Growth Portfolio (Available November 24, 2014)
December 31, 2018	3,258	$	10.66	to	$	11.30	$	35,438	0.00	%	0.55	%	to	1.95	%	-8.01	%	to	-6.69	%
December 31, 2017	3,031	$	11.59	to	$	12.00	$	35,642	0.00	%	0.85	%	to	1.95	%	12.38	%	to	13.63	%
December 31, 2016	1,809	$	10.31	to	$	10.63	$	18,833	0.00	%	0.55	%	to	1.95	%	6.80	%	to	8.32	%
December 31, 2015	789	$	9.66	to	$	9.78	$	7,654	0.00	%	0.85	%	to	1.95	%	-2.84	%	to	-1.75	%
December 31, 2014	5	$	9.94	to	$	9.94	$	49	0.00	%	1.45	%	to	1.45	%	-0.55	%	to	-0.55	%

	AST Bond Portfolio 2026 (Available January 2, 2015)
December 31, 2018	1,788	$	9.33	to	$	9.94	$	17,164	0.00	%	1.30	%	to	2.85	%	-3.88	%	to	-2.32	%
December 31, 2017	1,676	$	9.70	to	$	10.18	$	16,629	0.00	%	1.30	%	to	2.85	%	-0.49	%	to	1.11	%
December 31, 2016	2,384	$	9.75	to	$	10.07	$	23,603	0.00	%	1.30	%	to	2.85	%	-0.83	%	to	0.77	%
December 31, 2015	382	$	9.83	to	$	9.99	$	3,786	0.00	%	1.30	%	to	2.85	%	-1.68	%	to	-0.10	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST AB Global Bond Portfolio (Available July 13, 2015)
December 31, 2018	171	$	10.46	to	$	10.70	$	1,821	0.00	%	0.55	%	to	0.86	%	-0.50	%	to	-0.19	%
December 31, 2017	149	$	10.51	to	$	10.72	$	1,596	0.00	%	0.55	%	to	0.86	%	1.67	%	to	1.98	%
December 31, 2016	120	$	10.34	to	$	10.51	$	1,261	0.00	%	0.55	%	to	0.86	%	4.26	%	to	4.58	%
December 31, 2015	30	$	9.92	to	$	10.05	$	298	0.00	%	0.55	%	to	0.86	%	-0.90	%	to	0.54	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Goldman Sachs Global Income Portfolio (Available July 13, 2015)
December 31, 2018	49	$	10.25	to	$	10.48	$	506	0.00	%	0.55	%	to	0.86	%	-1.14	%	to	-0.83	%
December 31, 2017	47	$	10.37	to	$	10.57	$	495	0.00	%	0.55	%	to	0.86	%	1.22	%	to	1.54	%
December 31, 2016	21	$	10.24	to	$	10.41	$	214	0.00	%	0.55	%	to	0.86	%	2.56	%	to	2.88	%
December 31, 2015	4	$	10.11	to	$	10.11	$	40	0.00	%	0.55	%	to	0.55	%	1.14	%	to	1.14	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Morgan Stanley Multi-Asset Portfolio (Available July 13, 2015)
December 31, 2018	40	$	8.93	to	$	9.02	$	363	0.00	%	0.55	%	to	0.86	%	-1.51	%	to	-1.20	%
December 31, 2017	20	$	9.05	to	$	9.14	$	185	0.00	%	0.55	%	to	0.86	%	-0.86	%	to	-0.55	%
December 31, 2016	16	$	9.11	to	$	9.19	$	148	0.00	%	0.55	%	to	0.86	%	-3.58	%	to	-3.28	%
December 31, 2015	3	$	9.44	to	$	9.44	$	26	0.00	%	0.55	%	to	0.55	%	-5.64	%	to	-5.64	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Wellington Management Global Bond Portfolio (Available July 13, 2015)
December 31, 2018	65	$	10.47	to	$	10.81	$	697	0.00	%	0.55	%	to	0.86	%	2.58	%	to	2.90	%
December 31, 2017	44	$	10.28	to	$	10.51	$	456	0.00	%	0.55	%	to	0.86	%	1.53	%	to	1.84	%
December 31, 2016	32	$	10.13	to	$	10.32	$	329	0.00	%	0.55	%	to	0.86	%	1.79	%	to	2.10	%
December 31, 2015	19	$	10.10	to	$	10.10	$	194	0.00	%	0.55	%	to	0.68	%	0.98	%	to	1.04	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Neuberger Berman Long/Short Portfolio (Available July 13, 2015)
December 31, 2018	175	$	10.19	to	$	10.49	$	1,804	0.00	%	0.55	%	to	0.86	%	-7.60	%	to	-7.31	%
December 31, 2017	89	$	11.00	to	$	11.34	$	995	0.00	%	0.55	%	to	0.86	%	12.18	%	to	12.52	%
December 31, 2016	70	$	9.79	to	$	10.09	$	701	0.00	%	0.55	%	to	0.86	%	2.46	%	to	2.78	%
December 31, 2015	16	$	9.54	to	$	9.84	$	157	0.00	%	0.55	%	to	0.73	%	-4.61	%	to	-0.05	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Wellington Management Real Total Return Portfolio (Available July 13, 2015)
December 31, 2018	43	$	8.48	to	$	8.78	$	367	0.00	%	0.55	%	to	0.86	%	-6.57	%	to	-6.28	%
December 31, 2017	31	$	9.06	to	$	9.38	$	285	0.00	%	0.55	%	to	0.86	%	0.56	%	to	0.88	%
December 31, 2016	28	$	8.99	to	$	9.32	$	257	0.00	%	0.55	%	to	0.86	%	-4.44	%	to	-4.14	%
December 31, 2015	7	$	9.39	to	$	9.40	$	66	0.00	%	0.55	%	to	0.68	%	-6.10	%	to	-6.04	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST QMA International Core Equity Portfolio (Available July 13, 2015)
December 31, 2018	90	$	9.66	to	$	10.32	$	886	0.00	%	0.55	%	to	0.86	%	-16.16	%	to	-15.89	%
December 31, 2017	66	$	11.50	to	$	12.29	$	779	0.00	%	0.55	%	to	0.86	%	23.52	%	to	23.90	%
December 31, 2016	29	$	9.29	to	$	9.94	$	278	0.00	%	0.55	%	to	0.86	%	-0.27	%	to	0.04	%
December 31, 2015	6	$	9.31	to	$	9.31	$	57	0.00	%	0.55	%	to	0.55	%	-7.60	%	to	-7.60	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A105


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 Managed Alternatives Portfolio (Available July 13, 2015)
December 31, 2018	203	$	9.45	to	$	9.58	$	1,933	0.00	%	0.55	%	to	0.73	%	-4.10	%	to	-3.93	%
December 31, 2017	164	$	9.85	to	$	9.99	$	1,619	0.00	%	0.55	%	to	0.86	%	1.68	%	to	1.99	%
December 31, 2016	107	$	9.67	to	$	9.81	$	1,040	0.00	%	0.55	%	to	0.86	%	0.06	%	to	0.38	%
December 31, 2015	57	$	9.65	to	$	9.79	$	555	0.00	%	0.55	%	to	0.86	%	-3.51	%	to	-1.88	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Emerging Managers Diversified Portfolio (Available July 13, 2015)
December 31, 2018	73	$	10.57	to	$	10.84	$	777	0.00	%	0.55	%	to	0.73	%	-7.12	%	to	-6.95	%
December 31, 2017	82	$	11.35	to	$	11.68	$	936	0.00	%	0.55	%	to	0.73	%	13.47	%	to	13.67	%
December 31, 2016	40	$	9.99	to	$	10.29	$	400	0.00	%	0.55	%	to	0.73	%	2.74	%	to	2.93	%
December 31, 2015	12	$	9.70	to	$	10.01	$	116	0.00	%	0.55	%	to	0.73	%	-2.95	%	to	2.05	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Columbia Adaptive Risk Allocation Portfolio (Available July 13, 2015)
December 31, 2018	134	$	11.16	to	$	11.45	$	1,506	0.00	%	0.55	%	to	0.86	%	-5.73	%	to	-5.43	%
December 31, 2017	112	$	11.82	to	$	12.13	$	1,333	0.00	%	0.55	%	to	0.86	%	12.74	%	to	13.09	%
December 31, 2016	83	$	10.46	to	$	10.74	$	868	0.00	%	0.55	%	to	0.86	%	8.71	%	to	9.05	%
December 31, 2015	39	$	9.61	to	$	9.87	$	383	0.00	%	0.55	%	to	0.73	%	-3.85	%	to	0.79	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	Blackrock Global Allocation V.I. Fund (Class III) (Available August 24, 2015)
December 31, 2018	495	$	10.59	to	$	10.70	$	5,280	0.84	%	0.55	%	to	0.86	%	-8.38	%	to	-8.09	%
December 31, 2017	336	$	11.55	to	$	11.64	$	3,900	1.35	%	0.55	%	to	0.86	%	12.73	%	to	13.08	%
December 31, 2016	308	$	10.25	to	$	10.29	$	3,165	1.57	%	0.55	%	to	0.86	%	2.92	%	to	3.24	%
December 31, 2015	143	$	9.96	to	$	9.97	$	1,424	1.44	%	0.55	%	to	0.86	%	1.58	%	to	1.70	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	JPMorgan Insurance Trust Income Builder Portfolio (Class 2) (Available August 24, 2015)
December 31, 2018	195	$	10.97	to	$	11.08	$	2,159	0.00	%	0.55	%	to	0.86	%	-5.74	%	to	-5.44	%
December 31, 2017	123	$	11.64	to	$	11.72	$	1,434	3.85	%	0.55	%	to	0.86	%	10.75	%	to	11.09	%
December 31, 2016	106	$	10.51	to	$	10.55	$	1,115	3.99	%	0.55	%	to	0.86	%	5.29	%	to	5.62	%
December 31, 2015	54	$	9.98	to	$	9.99	$	534	5.36	%	0.55	%	to	0.73	%	2.00	%	to	2.07	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Bond Portfolio 2027 (Available January 4, 2016)
December 31, 2018	1,345	$	9.35	to	$	9.81	$	12,857	0.00	%	1.30	%	to	2.85	%	-4.09	%	to	-2.53	%
December 31, 2017	1,311	$	9.75	to	$	10.07	$	12,983	0.00	%	1.30	%	to	2.85	%	-0.23	%	to	1.37	%
December 31, 2016	2,001	$	9.77	to	$	9.93	$	19,710	0.00	%	1.30	%	to	2.85	%	-2.26	%	to	-0.69	%
December 31, 2015	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	NVIT Emerging Markets Fund (Class D) (Available August 5, 2016)
December 31, 2018	35	$	10.91	to	$	11.00	$	378	0.35	%	1.40	%	to	1.75	%	-19.13	%	to	-18.85	%
December 31, 2017	34	$	13.49	to	$	13.55	$	462	0.89	%	1.40	%	to	1.75	%	38.68	%	to	39.15	%
December 31, 2016	46	$	9.73	to	$	9.74	$	445	0.80	%	1.40	%	to	1.75	%	-3.95	%	to	-3.81	%
December 31, 2015	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Bond Portfolio 2028 (Available January 3, 2017)
December 31, 2018	510	$	9.52	to	$	9.72	$	4,901	0.00	%	1.50	%	to	2.45	%	-4.47	%	to	-3.51	%
December 31, 2017	5	$	9.97	to	$	9.97	$	46	0.00	%	2.45	%	to	2.45	%	-0.30	%	to	-0.30	%
December 31, 2016	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2015	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

	AST Bond Portfolio 2029 (Available January 2, 2018)
December 31, 2018	16	$	9.60	to	$	9.65	$	150	0.00	%	1.90	%	to	2.45	%	-4.02	%	to	-3.48	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2016	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2015	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

A106


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 American Funds Growth Allocation Portfolio (Available April 30, 2018)
December 31, 2018	2,482	$	9.42	to	$	9.51	$	23,479	0.00	%	0.55	%	to	1.95	%	-5.28	%	to	-4.38	%
December 31, 2017	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2016	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2015	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%
December 31, 2014	—	$	—	to	$	—	$	—	0.00	%	0.00	%	to	0.00	%	0.00	%	to	0.00	%

These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying Portfolios, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense 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 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 with no activity during the period were excluded from the range of total returns for that period. Product designs within a subaccount which were offered after a fiscal year began 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, 2018 or from the effective date of the subaccount through the end of the reporting period.


(1)	Amount is less than 0.01%.


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 by Pruco Life of New Jersey. The daily mortality and expense risk charges are assessed through the reduction in unit values.


B.	Administration Charge

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

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

A107


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 Premier Advisor Variable Annuity Series	0.55%	1.55%
Prudential Premier Investment Variable Annuity B Series	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%


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 Highest Daily Lifetime Income v3.0, Spousal Highest Daily Lifetime Income v3.0, Highest Daily Lifetime Income v3.0 with Highest Annual Death Benefit, Spousal Highest Daily Lifetime Income v3.0 with Highest Annual Death Benefit, Highest Daily Lifetime Seven, Highest Daily Lifetime Seven with Beneficiary Income Option, Highest Daily Lifetime Seven with Lifetime Income Accelerator, Spousal Highest Daily Lifetime Seven and Spousal Highest Daily Lifetime Seven with Beneficiary Income Option, 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 Highest Daily Lifetime Income v2.1, Spousal Highest Daily Lifetime Income v2.1, Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit, Spousal Highest Daily Lifetime Income v2.1 with Highest Annual Death Benefit, Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income 2.0 with Lifetime Income Accelerator, Spousal Highest Daily Lifetime Income 2.0, Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit, Spousal Highest Daily Lifetime Income 2.0 with Highest Annual Death Benefit, Highest Daily Lifetime Income, Highest Daily Lifetime Income with Lifetime Income Accelerator, Spousal Highest Daily Lifetime Income, Highest Daily Lifetime Six Plus, Highest Daily Lifetime Six Plus with Beneficiary Income Option, Highest Daily Lifetime Six Plus with Lifetime Income Accelerator, Spousal Highest Daily Lifetime Six Plus, and Spousal Highest Daily Lifetime Six Plus with Beneficiary Income Option, Highest Daily Lifetime Seven Plus, Highest Daily Lifetime Seven Plus with Beneficiary Income Option, Highest Daily Lifetime Seven Plus with Lifetime Income Accelerator, Spousal Highest Daily Lifetime Seven Plus, and Spousal Highest Daily Lifetime Seven Plus with Beneficiary

A108


Note 8:	Charges and Expenses (Continued)

Income Option, the optional benefit fee is assessed against the greater of the unadjusted account value or the protected withdrawal value and is deducted pro rata from the subaccounts on a quarterly basis.

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

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


Note 9:	Other

Accumulation units—this is the basic valuation unit used to calculate the contract owner's interest allocated to the variable account before the annuitization date.

Contract owner net payments—represent contract owner contributions under the Contracts net of applicable deductions, charges, and state premium taxes.

Annuity payments-represent a transfer to the general account at the time of contract annuitization 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, and 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—amount represents primarily timing related adjustments to 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 various Contract level charges as described in Charges and Expenses in Note 8, which are assessed through the redemptions of units.

A109

Report of Independent Registered Public Accounting Firm

To the Board of Directors of

Pruco 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 operations and 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 in the 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.



Prudential Government Money Market Portfolio (1)	AST Goldman Sachs Multi-Asset Portfolio (1)
Prudential Diversified Bond Portfolio (1)	ProFund VP Consumer Services (1)
Prudential Equity Portfolio (Class I) (1)	ProFund VP Consumer Goods (1)
Prudential Value Portfolio (Class I) (1)	ProFund VP Financials (1)
Prudential High Yield Bond Portfolio (1)	ProFund VP Health Care (1)
Prudential Stock Index Portfolio (1)	ProFund VP Industrials (1)
Prudential Global Portfolio (1)	ProFund VP Mid-Cap Growth (1)
Prudential Jennison Portfolio (Class I) (1)	ProFund VP Mid-Cap Value (1)
Prudential Small Capitalization Stock Portfolio (1)	ProFund VP Real Estate (1)
T. Rowe Price International Stock Portfolio (1)	ProFund VP Small-Cap Growth (1)
T. Rowe Price Equity Income Portfolio (Equity Income Class) (1)	ProFund VP Small-Cap Value (1)
Invesco V.I. Core Equity Fund (Series I) (1)	ProFund VP Telecommunications (1)
Janus Henderson VIT Research Portfolio (Institutional Shares) (1)	ProFund VP Utilities (1)
Janus Henderson VIT Overseas Portfolio (Institutional Shares) (1)	ProFund VP Large-Cap Growth (1)
MFS® Research Series (Initial Class) (1)	ProFund VP Large-Cap Value (1)
MFS® Growth Series (Initial Class) (1)	AST Bond Portfolio 2020 (1)
American Century VP Value Fund (Class I) (1)	AST Jennison Large-Cap Growth Portfolio (1)
Franklin Small-Mid Cap Growth VIP Fund (Class 2) (1)	AST Bond Portfolio 2017 (3)
Prudential Jennison 20/20 Focus Portfolio (Class I) (1)	AST Bond Portfolio 2021 (1)
Davis Value Portfolio (1)	Wells Fargo VT International Equity Fund (Class 1) (1)
AB VPS Large Cap Growth Portfolio (Class B) (1)	Wells Fargo VT Omega Growth Fund (Class 1) (1)
Prudential SP Small Cap Value Portfolio (Class I) (1)	AST Bond Portfolio 2022 (1)
Janus Henderson VIT Research Portfolio (Service Shares) (1)	AST Quantitative Modeling Portfolio (1)
SP Prudential U.S. Emerging Growth Portfolio (Class I) (1)	AST BlackRock Global Strategies Portfolio (1)
Prudential SP International Growth Portfolio (Class I) (1)	Wells Fargo VT Opportunity Fund (Class 1) (1)
AST Goldman Sachs Large-Cap Value Portfolio (1)	AST Prudential Core Bond Portfolio (1)
AST Cohen & Steers Realty Portfolio (1)	AST Bond Portfolio 2023 (1)
AST J.P. Morgan Strategic Opportunities Portfolio (1)	AST New Discovery Asset Allocation Portfolio (1)
AST T. Rowe Price Large-Cap Value Portfolio (1)	AST Western Asset Emerging Markets Debt Portfolio (1)
AST High Yield Portfolio (1)	AST MFS Large-Cap Value Portfolio (1)
AST Small-Cap Growth Opportunities Portfolio (1)	AST Bond Portfolio 2024 (1)
AST WEDGE Capital Mid-Cap Value Portfolio (1)	AST AQR Emerging Markets Equity Portfolio (1)
AST Small-Cap Value Portfolio (1)	AST ClearBridge Dividend Growth Portfolio (1)

A110



AST Goldman Sachs Mid-Cap Growth Portfolio (1)	AST Multi-Sector Fixed Income Portfolio (1)
AST Hotchkis & Wiley Large-Cap Value Portfolio (1)	AST AQR Large-Cap Portfolio (1)
AST Lord Abbett Core Fixed Income Portfolio (2)	AST QMA Large-Cap Portfolio (1)
AST Loomis Sayles Large-Cap Growth Portfolio (1)	AST Bond Portfolio 2025 (1)
AST MFS Growth Portfolio (1)	AST T. Rowe Price Growth Opportunities Portfolio (1)
AST Neuberger Berman/LSV Mid-Cap Value Portfolio (1)	AST Goldman Sachs Global Growth Allocation Portfolio (1)
AST BlackRock Low Duration Bond Portfolio (1)	AST T. Rowe Price Diversified Real Growth Portfolio (1)
AST QMA US Equity Alpha Portfolio (1)	AST Prudential Flexible Multi-Strategy Portfolio (1)
AST T. Rowe Price Natural Resources Portfolio (1)	AST BlackRock Multi-Asset Income Portfolio (4)
AST T. Rowe Price Asset Allocation Portfolio (1)	AST Franklin Templeton K2 Global Absolute Return Portfolio (1)
AST MFS Global Equity Portfolio (1)	AST Managed Equity Portfolio (1)
AST J.P. Morgan International Equity Portfolio (1)	AST Managed Fixed Income Portfolio (1)
AST Templeton Global Bond Portfolio (1)	AST FQ Absolute Return Currency Portfolio (1)
AST Wellington Management Hedged Equity Portfolio (1)	AST Jennison Global Infrastructure Portfolio (1)
AST Capital Growth Asset Allocation Portfolio (1)	AST PIMCO Dynamic Bond Portfolio (1)
AST Academic Strategies Asset Allocation Portfolio (1)	AST Legg Mason Diversified Growth Portfolio (1)
AST Balanced Asset Allocation Portfolio (1)	AST Bond Portfolio 2026 (1)
AST Preservation Asset Allocation Portfolio (1)	AST AB Global Bond Portfolio (1)
AST Fidelity Institutional AM℠ Quantitative Portfolio (1)	AST Goldman Sachs Global Income Portfolio (1)
AST Prudential Growth Allocation Portfolio (1)	AST Morgan Stanley Multi-Asset Portfolio (1)
AST Advanced Strategies Portfolio (1)	AST Wellington Management Global Bond Portfolio (1)
AST T. Rowe Price Large-Cap Growth Portfolio (1)	AST Neuberger Berman Long/Short Portfolio (1)
AST Government Money Market Portfolio (1)	AST Wellington Management Real Total Return Portfolio (1)
AST Small-Cap Growth Portfolio (1)	AST QMA International Core Equity Portfolio (1)
AST BlackRock/Loomis Sayles Bond Portfolio (1)	AST Managed Alternatives Portfolio (1)
AST International Value Portfolio (1)	AST Emerging Managers Diversified Portfolio (1)
AST International Growth Portfolio (1)	AST Columbia Adaptive Risk Allocation Portfolio (1)
AST Investment Grade Bond Portfolio (1)	Blackrock Global Allocation V.I. Fund (Class III) (1)
AST Western Asset Core Plus Bond Portfolio (1)	JPMorgan Insurance Trust Income Builder Portfolio (Class 2) (1)
AST Bond Portfolio 2018 (1)	AST Bond Portfolio 2027 (1)
AST Bond Portfolio 2019 (1)	NVIT Emerging Markets Fund (Class D) (1)
AST Global Real Estate Portfolio (1)	AST Bond Portfolio 2028 (5)
AST Parametric Emerging Markets Equity Portfolio (1)	AST Bond Portfolio 2029 (6)
AST Goldman Sachs Small-Cap Value Portfolio (1)	AST American Funds Growth Allocation Portfolio (7)
AST RCM World Trends Portfolio (1)
AST J.P. Morgan Global Thematic Portfolio (1)
(1) Statement of net assets as of December 31, 2018, statement of operations for the year ended December 31, 2018, and statement of changes in net assets for the years ended December 31, 2018 and 2017.
(2) Statement of net assets as of September 14, 2018 (date of expiration), statement of operations for the period January 1, 2018 through September 14, 2018, and statement of changes in net assets for the period January 1, 2018 through September 14, 2018 and the year ended December 31, 2017.
(3) Statement of net assets as of January 2, 2018 (date of expiration), statement of operations for the period January 1, 2018 through January 2, 2018, and statement of changes in net assets for the period January 1, 2018 through January 2, 2018 and the year ended December 31, 2017.
(4) Statement of net assets as of April 27, 2018 (date of expiration), statement of operations for the period January 1, 2018 through April 27, 2018, and statement of changes in net assets for the period January 1, 2018 through April 27, 2018 and the year ended December 31, 2017.
(5) Statement of net assets as of December 31, 2018, statement of operations for the year ended December 31, 2018, and statement of changes in net assets for the year ended December 31, 2018 and the period January 3, 2017 (commencement of operations) through December 31, 2017.
(6) Statement of net assets as of December 31, 2018, and statement of operations and statement of changes in net assets for the period January 2, 2018 (commencement of operations) through December 31, 2018.
(7) Statement of net assets as of December 31, 2018, and statement of operations and statement of changes in net assets for the period April 30, 2018 (commencement of operations) through December 31, 2018.

A111

Basis for Opinions

These financial statements are the responsibility of the management of Pruco Life Insurance Company of New Jersey. Our responsibility is to express an opinion on the subaccounts’ financial statements 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 the subaccounts in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

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 securities owned as of December 31, 2018 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 8, 2019

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

A112

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

FINANCIAL STATEMENTS INDEX



	Page
Management’s Annual Report on Internal Control Over Financial Reporting	B-2
Statements of Financial Position as of December 31, 2018 and 2017	B-3
Statements of Operations and Comprehensive Income for the years ended December 31, 2018, 2017 and 2016	B-4
Statements of Equity for the years ended December 31, 2018, 2017 and 2016	B-5
Statements of Cash Flows for the years ended December 31, 2018, 2017 and 2016	B-6
Notes to Financial Statements:	B-7
1 Business and Basis of Presentation	B-7
2 Significant Accounting Policies and Pronouncements	B-8
3 Investments	B-25
4 Derivative Instruments	B-35
5 Fair Value of Assets and Liabilities	B-41
6 Deferred Policy Acquisition Costs	B-53
7 Policyholders’ Liabilities	B-53
8 Certain Long-duration Contracts With Guarantees	B-54
9 Reinsurance	B-58
10 Income Taxes	B-61
11 Equity	B-64
12 Statutory Net Income and Surplus and Dividend Restriction	B-68
13 Related Party Transactions	B-68
14 Commitments, Contingent Liabilities and Litigation and Regulatory Matters	B-71
15 Quarterly Results of Operations (Unaudited)	B-73
Report of Independent Registered Public Accounting Firm	B-74

B-1

Management’s Annual Report on Internal Control Over Financial Reporting

Management of Pruco Life Insurance Company of New Jersey (the “Company”) is responsible for establishing and maintaining adequate internal control over financial reporting. Management conducted an assessment of the effectiveness, as of December 31, 2018, of the Company’s internal control over financial reporting, based on the framework established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). Based on our assessment under that framework, management concluded that the Company’s internal control over financial reporting was effective as of December 31, 2018.

Our internal control over financial reporting is a process designed by or under the supervision of our principal executive and principal financial officers to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on our financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

This Annual Report does not include an attestation report of the Company’s registered public accounting firm, PricewaterhouseCoopers LLP, regarding the internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Annual Report.

March 7, 2019

B-2

Pruco Life Insurance Company of New Jersey

Statements of Financial Position

As of December 31, 2018 and 2017 (in thousands, except share amounts)



	December 31, 2018			December 31, 2017
ASSETS
Fixed maturities, available for sale, at fair value (amortized cost: 2018–$1,297,892 ; 2017–$1,204,166)	$	1,277,824		$	1,261,237
Fixed maturities, trading, at fair value (amortized cost: 2018–$7,446; 2017–$7,446)(1)	$	5,770		$	6,643
Equity securities, at fair value (cost: 2018–$8,136 ; 2017–$8,114)(1)	9,870			10,842
Policy loans	206,448			193,244
Commercial mortgage and other loans	118,636			121,796
Other invested assets (includes $10,673 and $726 measured at fair value at December 31, 2018 and December 31, 2017, respectively)(1)	58,413			46,803
Total investments	1,676,961			1,640,565
Cash and cash equivalents	70,441			44,618
Deferred policy acquisition costs	165,478			145,451
Accrued investment income	17,764			16,580
Reinsurance recoverables	2,723,518			2,480,848
Receivables from parent and affiliates	40,388			43,051
Income taxes receivable	19,134			0
Other assets	23,973			27,328
Separate account assets	13,382,345			14,245,159
TOTAL ASSETS	$	18,120,002		$	18,643,600
LIABILITIES AND EQUITY
LIABILITIES
Policyholders' account balances	$	2,314,958		$	2,083,582
Future policy benefits	1,820,092			1,707,184
Cash collateral for loaned securities	2,702			15,208
Income taxes payable	0			241
Payables to parent and affiliates	20,413			22,236
Other liabilities	134,771			103,632
Separate account liabilities	13,382,345			14,245,159
Total liabilities	$	17,675,281		$	18,177,242
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 14)
EQUITY
Common stock ($5 par value; 400,000 shares authorized; issued and outstanding)	2,000			2,000
Additional paid-in capital	213,261			211,961
Retained earnings	243,827			218,067
Accumulated other comprehensive income	(14,367		)	34,330
Total equity	444,721			466,358
TOTAL LIABILITIES AND EQUITY	$	18,120,002		$	18,643,600

(1) Prior period amounts have been reclassified to conform to current period presentation. See "Adoption of ASU 2016-01" in Note 2 for details.

See Notes to Financial Statements

B-3

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Statements of Operations and Comprehensive Income

Years Ended December 31, 2018, 2017 and 2016 (in thousands)



	2018			2017			2016
REVENUES
Premiums	$	13,007		$	13,967		$	(34,675	)
Policy charges and fee income	62,567			44,203			66,546
Net investment income	67,811			66,651			72,025
Asset administration fees	5,356			9,075			14,358
Other income	1,004			4,111			2,404
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities	(125		)	(80		)	0
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income	0			0			0
Other realized investment gains (losses), net	(9,148		)	(13,958		)	88,428
Total realized investment gains (losses), net	(9,273		)	(14,038		)	88,428
Total revenues	140,472			123,969			209,086
BENEFITS AND EXPENSES
Policyholders’ benefits	19,829			12,255			1,985
Interest credited to policyholders’ account balances	35,936			32,959			43,928
Amortization of deferred policy acquisition costs	15,972			12,538			47,227
General, administrative and other expenses	37,507			36,898			22,511
Total benefits and expenses	109,244			94,650			115,651
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	31,228			29,319			93,435
Total income tax expense (benefit)	(53		)	(5,938		)	14,235
NET INCOME (LOSS)	$	31,281		$	35,257		$	79,200
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	(1,187		)	43			(1		)
Net unrealized investment gains (losses)	(67,692		)	32,210			586
Total	(68,879		)	32,253			585
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(14,464		)	10,084			205
Other comprehensive income (loss), net of tax	(54,415		)	22,169			380
Comprehensive income (loss)	$	(23,134	)	$	57,426		$	79,580

See Notes to Financial Statements

B-4

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Statements of Equity

Years Ended December 31, 2018, 2017 and 2016 (in thousands)



	Common Stock		Additional Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Total Equity
Balance, December 31, 2015	$	2,000	$	208,314	$	444,514		$	11,781		$	666,609
Contributed capital			1,300								1,300
Dividend to parent					(240,904		)				(240,904		)
Contributed (distributed) capital- parent/child asset transfers			172								172
Comprehensive income:
Net income (loss)					79,200						79,200
Other comprehensive income (loss), net of tax								380			380
Total comprehensive income (loss)											79,580
Balance, December 31, 2016	$	2,000	$	209,786	$	282,810		$	12,161		$	506,757
Contributed capital			1,300								1,300
Dividend to parent					(100,000		)				(100,000		)
Contributed (distributed) capital- parent/child asset transfers			875								875
Comprehensive income:
Net income (loss)					35,257						35,257
Other comprehensive income (loss), net of tax								22,169			22,169
Total comprehensive income (loss)											57,426
Balance, December 31, 2017	$	2,000	$	211,961	$	218,067		$	34,330		$	466,358
Cumulative effect of adoption of ASU 2016-01					372			(175		)	197
Cumulative effect of adoption of ASU 2018-02					(5,893		)	5,893			0
Contributed capital			1,300								1,300
Dividend to parent
Comprehensive income:
Net income (loss)					31,281						31,281
Other comprehensive income (loss), net of tax								(54,415		)	(54,415		)
Total comprehensive income (loss)											(23,134		)
Balance, December 31, 2018	$	2,000	$	213,261	$	243,827		$	(14,367	)	$	444,721

See Notes to Financial Statements

B-5

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Statements of Cash Flows

Years Ended December 31, 2018, 2017 and 2016 (in thousands)



	2018			2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	31,281		$	35,257		$	79,200
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Policy charges and fee income	(21,780		)	(9,816		)	29,552
Interest credited to policyholders’ account balances	35,936			32,959			43,928
Realized investment (gains) losses, net	9,273			14,038			(88,428		)
Amortization and other non-cash items	(7,850		)	(10,893		)	(15,720		)
Change in:
Future policy benefits	201,654			192,407			183,130
Reinsurance recoverables	(209,954		)	(194,653		)	(176,279		)
Accrued investment income	(1,184		)	(751		)	815
Net payables to/receivables from parent and affiliates	856			2,978			(216		)
Deferred policy acquisition costs	(14,771		)	(12,060		)	17,274
Income taxes	(4,963		)	(6,323		)	(1,658		)
Derivatives, net	(4,777		)	7,191			(2,216		)
Other, net	21,047			(1,314		)	(5,433		)
Cash flows from (used in) operating activities	34,768			49,020			63,949
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	73,692			191,284			311,143
Fixed maturities, trading(1)	0			0			527
Equity securities(1)	1,939			5			11,139
Policy loans	23,009			21,743			22,090
Ceded policy loans	(1,990		)	(2,015		)	(1,437		)
Short-term investments	0			32,985			25,130
Commercial mortgage and other loans	4,209			55,580			42,051
Other invested assets(1)	2,502			2,875			2,165
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(167,311		)	(263,909		)	(596,327		)
Fixed maturities, trading(1)	0			0			0
Equity securities(1)	(2,002		)	(2,000		)	(2,000		)
Policy loans	(28,537		)	(20,053		)	(17,496		)
Ceded policy loans	2,734			2,461			3,114
Short-term investments	0			(21,981		)	(35,419		)
Commercial mortgage and other loans	(1,595		)	(15,623		)	(14,247		)
Other invested assets(1)	(7,186		)	(4,444		)	(1,102		)
Notes receivable from parent and affiliates, net	455			331			2,318
Derivatives, net	161			213			3,895
Other, net	(282		)	(402		)	0
Cash flows from (used in) investing activities	(100,202		)	(22,950		)	(244,456		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	555,153			503,455			437,936
Ceded policyholders’ account deposits	(337,536		)	(332,727		)	(278,102		)
Policyholders’ account withdrawals	(311,159		)	(268,989		)	(206,474		)
Ceded policyholders’ account withdrawals	187,237			155,696			95,896
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(12,505		)	153			12,024
Dividend to parent	0			(100,000		)	0
Contributed capital	0			0			15,515
Contributed (distributed) capital - parent/child asset transfers	0			1,347			267
Drafts outstanding	10,067			2,629			(308		)
Cash flows from (used in) financing activities	91,257			(38,436		)	76,754
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	25,823			(12,366		)	(103,753		)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	44,618			56,984			160,737
CASH AND CASH EQUIVALENTS, END OF YEAR	$	70,441		$	44,618		$	56,984
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid (refund)	$	4,910		$	346		$	15,844
Interest paid	$	5		$	3		$	1,128

(1) Prior period amounts have been reclassified to conform to current period presentation. See Note 2 for details.

Significant Non-Cash Transactions

Cash flows from investing and financing activities for the year ended December 31, 2016 excludes certain non-cash transactions related to the Variable Annuities Recapture. See Note 1 for additional information.

See Notes to Financial Statements

B-6

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements

1. BUSINESS AND BASIS OF PRESENTATION

Pruco Life Insurance Company of New Jersey (“PLNJ”) is a wholly-owned subsidiary of Pruco Life Insurance Company (“Pruco Life”), which in turn is a wholly-owned subsidiary of The Prudential Insurance Company of America (“Prudential Insurance”). Prudential Insurance is a direct wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). PLNJ is a stock life insurance company organized in 1982 under the laws of the State of New Jersey. It is licensed to sell life insurance and annuities in New Jersey and New York only, and sells such products primarily through affiliated and unaffiliated distributors.

PLNJ had one subsidiary, formed in 2009 for the purpose of holding certain commercial loans and other investments which ceased operations and was dissolved as of December 31, 2018. Financial information for 2017 and 2016 is shown on a consolidated basis.

Variable Annuities Recapture

Through March 31, 2016, the Company reinsured the majority of its variable annuity living benefit guarantees to its affiliated companies, Pruco Reinsurance, Ltd. ("Pruco Re") and Pruco Life. Effective April 1, 2016, the Company recaptured the risks related to its variable annuity living benefit guarantees that were previously reinsured to Pruco Re and Pruco Life. In addition, the Company reinsured the variable annuity base contracts, along with the living benefit guarantees, to Prudential Insurance under a coinsurance and modified coinsurance agreement. This reinsurance agreement covers new and in force business. The product risks related to the reinsured business are being managed in Prudential Insurance. In addition, the living benefit hedging program related to the reinsured living benefit guarantees is being managed within Prudential Insurance. These series of transactions are collectively referred to as the "Variable Annuities Recapture".

As part of the Variable Annuities Recapture, the Company received invested assets of $0.4 billion as consideration from Pruco Re, which is equivalent to the amount of statutory reserve credit taken as of March 31, 2016 and unwound the associated reinsurance recoverable of $0.5 billion. As a result, the Company recognized a loss of $0.1 billion immediately.

As part of the Variable Annuities Recapture, the Company transferred invested assets of $0.7 billion to Prudential Insurance and established reinsurance recoverables of $1 billion. In addition, the Company received ceding commissions of $0.4 billion from Prudential Insurance, of which $0.1 billion were in the form of reassignment of debt to Prudential Insurance. Also, the Company unwound its deferred policy acquisition costs ("DAC") and deferred sales inducements ("DSI") balances related to its variable annuity contracts as of March 31, 2016, which was equivalent to the ceding commission. For the reinsurance of the variable annuity base contracts, the Company recognized a loss of $23 million, which was deferred and will subsequently be amortized through "General, administrative and other expenses". For the reinsurance of the living benefit guarantees, the Company recognized a benefit of $0.3 billion immediately since the reinsurance contract is accounted for as a free-standing derivative.

The Company also paid a dividend of $0.2 billion to Pruco Life, which was ultimately distributed to Prudential Financial.

B-7

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The impact of these transactions on the Statements of Operations and Comprehensive Income (Loss) was as follows:



Day 1 Impact of the Variable Annuities Recapture(1)	Impacts of Recapture			Impacts of Reinsurance			Total Impacts
	(in millions)
REVENUES
Premiums	$	0		$	(48	)	$	(48	)
Realized investment gains (losses), net	(137		)	268			131
TOTAL REVENUES	(137		)	220			83
BENEFITS AND EXPENSES
Policyholders' benefits	0			(26		)	(26		)
General, administrative and other expenses	0			(23		)	(23		)
TOTAL BENEFITS AND EXPENSES	0			(49		)	(49		)
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	(137		)	269			132
Income tax expense (benefit)	(28		)	55			27
NET INCOME (LOSS)	$	(109	)	$	214		$	105


(1)	Day 1 Significant Non-Cash Transactions:


•	Consideration transferred includes non-cash activities of $0.7 billion for asset transfers to Prudential Insurance related to the reinsurance transaction, partially offset by $0.4 billion of assets received related to the recapture transaction with Pruco Re.


•	The Company recognized ceding commissions of $0.4 billion of which $0.1 billion was in the form of reassignment of debt to Prudential Insurance.


•	Retained earnings includes dividends of $0.3 billion to Pruco Life, and ultimately distributed to Prudential Financial as part of the Variable Annuities Recapture.

Basis of Presentation

The Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Intercompany balances and transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates include those used in determining DAC and related amortization; amortization of DSI; valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.

Reclassifications

Certain amounts in prior periods have been reclassified to conform to the current period presentation.

2. SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS

ASSETS

Fixed maturities, available-for-sale, at fair value are comprised of bonds, notes and redeemable preferred stock. Fixed maturities classified as “available-for-sale” are carried at fair value. See Note 5 for additional information regarding the determination of fair value. The associated unrealized gains and losses, net of tax, and the effect on DAC, DSI, future policy benefits, reinsurance recoverables, and policyholders’ account balances that would result from the realization of unrealized gains and losses, are included in “Accumulated other comprehensive income (loss)” (“AOCI”). The purchased cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity or, if applicable, call date.

B-8

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Interest income, and amortization of premium and accretion of discount are included in “Net investment income” under the effective yield method. Additionally, prepayment premiums are also included in “Net investment income”. For mortgage-backed and asset-backed securities, the effective yield is based on estimated cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions regarding the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of OTTI recognized in earnings and other comprehensive income. For high credit quality mortgage-backed and asset-backed securities (those rated AA or above), cash flows are provided quarterly, and the amortized cost and effective yield of the securities are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to "Net investment income" in accordance with the retrospective method. For mortgage-backed and asset-backed securities rated below AA or those for which an OTTI has been recorded, the effective yield is adjusted prospectively for any changes in estimated cash flows. See the discussion below on realized investment gains and losses for a description of the accounting for impairments.

Fixed maturities, trading, at fair value consists of fixed maturities that are carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and interest and dividend income from these investments is reported in “Net investment income”.

Equity securities, at fair value is comprised of common stock and mutual fund shares, which are carried at fair value. Realized and unrealized gains and losses on these investments are reported in “Other income (loss),” and dividend income is reported in “Net investment income” on the ex-dividend date.

Policy loans represent funds loaned to policyholders up to the cash surrender value of the associated insurance policies and are carried at the unpaid principal balances due to the Company from the policyholders. Interest income on policy loans is recognized in “Net investment income” at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies.

Commercial mortgage and other loans consist of commercial mortgage loans and agricultural property loans. Commercial mortgage and other loans held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses and net of an allowance for losses. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, and the amortization of the related premiums or discounts, are included in “Net investment income” under the effective yield method. Prepayment fees are also included in “Net investment income”.

Impaired loans include those loans for which it is probable that amounts due will not all be collected according to the contractual terms of the loan agreement. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. Interest received on loans that are past due, including impaired and non-impaired loans as well as loans that were previously modified in a troubled debt restructuring, is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. See Note 3 for additional information about the Company’s past due loans.

The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged to interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established.

The Company reviews the performance and credit quality of the commercial mortgage and other loan portfolio on an on-going basis. Loans are placed on watch list status based on a predefined set of criteria and are assigned one of two categories. Loans are classified as “closely monitored” when it is determined that there is a collateral deficiency or other credit events that may lead to a potential loss of principal or interest. Loans “not in good standing” are those loans where the Company has concluded that there is a high probability of loss of principal, such as when the loan is delinquent or in the process of foreclosure. As described below, in determining the allowance for losses, the Company evaluates each loan on the watch list to determine if it is probable that amounts due will not be collected according to the contractual terms of the loan agreement.

B-9

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Loan-to-value and debt service coverage ratios are measures commonly used to assess the quality of commercial mortgage loans. The loan-to-value ratio compares the amount of the loan to the fair value of the underlying property collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the loan amount exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the loan amount. The debt service coverage ratio compares a property’s net operating income to its debt service payments. Debt service coverage ratios less than 1.0 times indicate that property operations do not generate enough income to cover the loan’s current debt payments. A debt service coverage ratio greater than 1.0 times indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural property loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. The loan-to-value ratio is the most significant of several inputs used to establish the internal credit rating of a loan which in turn drives the allowance for losses. Other key factors considered in determining the internal credit rating include debt service coverage ratios, amortization, loan term, and estimated market value growth rate and volatility for the property type and region. See Note 3 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios.

The allowance for losses includes a loan specific reserve for each impaired loan that has a specifically identified loss and a portfolio reserve for probable incurred but not specifically identified losses. For impaired commercial mortgage and other loans, the allowances for losses are determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or based upon the fair value of the collateral if the loan is collateral dependent. The portfolio reserves for probable incurred but not specifically identified losses in the commercial mortgage and agricultural loan portfolios consider the current credit composition of the portfolio based on an internal quality rating as described above. The portfolio reserves are determined using past loan experience, including historical credit migration, loss probability and loss severity factors by property type. These factors are reviewed and updated as appropriate.

The allowance for losses on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. “Realized investment gains (losses), net” includes changes in the allowance for losses. “Realized investment gains (losses), net” also includes gains and losses on sales, certain restructurings, and foreclosures.

When a commercial mortgage or other loan is deemed to be uncollectible, any specific valuation allowance associated with the loan is reversed and a direct write down of the carrying amount of the loan is made. The carrying amount of the loan is not adjusted for subsequent recoveries in value.

Commercial mortgage and other loans are occasionally restructured in a troubled debt restructuring. These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt as part of a troubled debt restructuring. When restructurings occur, they are evaluated individually to determine whether the restructuring or modification constitutes a “troubled debt restructuring” as defined by authoritative accounting guidance. If the borrower is experiencing financial difficulty and the Company has granted a concession, the restructuring, including those that involve a partial payoff or the receipt of assets in full satisfaction of the debt is deemed to be a troubled debt restructuring. Based on the Company’s credit review process described above, these loans generally would have been deemed impaired prior to the troubled debt restructuring, and specific allowances for losses would have been established prior to the determination that a troubled debt restructuring has occurred.

In a troubled debt restructuring where the Company receives assets in full satisfaction of the debt, any specific valuation allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the assets received and the recorded investment in the loan. When assets are received in partial settlement, the same process is followed, and the remaining loan is evaluated prospectively for impairment based on the credit review process noted above. When a loan is restructured in a troubled debt restructuring, the impairment of the loan is remeasured using the modified terms and the loan’s original effective yield, and the allowance for loss is adjusted accordingly. Subsequent to the modification, income is recognized prospectively based on the modified terms of the loans in accordance with the income recognition policy noted above. Additionally, the loan continues to be subject to the credit review process noted above.

In situations where a loan has been restructured in a troubled debt restructuring and the loan has subsequently defaulted, this factor is considered when evaluating the loan for a specific allowance for losses in accordance with the credit review process noted above.

See Note 3 for additional information about commercial mortgage and other loans that have been restructured in a troubled debt restructuring.

B-10

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Other invested assets consist of the Company’s non-coupon investments in Limited Partnerships and Limited Liability Companies ("LPs/LLCs")(other than operating joint ventures) and derivative assets. LPs/LLCs interests are accounted for using either the equity method of accounting, or at fair value with changes in fair value reported in “Other income (loss)”. The Company’s income from investments in LPs/LLCs accounted for using the equity method, other than the Company’s investments in operating joint ventures, is included in “Net investment income”. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three-month lag. For the investments reported at fair value with changes in fair value reported in current earnings, the associated realized and unrealized gains and losses are reported in “Other income (loss)”.

Realized investment gains (losses) are computed using the specific identification method. Realized investment gains and losses are generated from numerous sources, including the sales of fixed maturity securities, investments in joint ventures and limited partnerships and other types of investments, as well as adjustments to the cost basis of investments for net OTTI recognized in earnings. Realized investment gains and losses also reflect changes in the allowance for losses on commercial mortgage and other loans, and fair value changes on embedded derivatives and free-standing derivatives that do not qualify for hedge accounting treatment. See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives.

The Company’s available-for-sale securities with unrealized losses are reviewed quarterly to identify OTTI in value. In evaluating whether a decline in value is other-than-temporary, the Company considers several factors including, but not limited to the following: (1) the extent and the duration of the decline; (2) the reasons for the decline in value (credit event, currency or interest-rate related, including general credit spread widening); and (3) the financial condition of and near-term prospects of the issuer.

An OTTI is recognized in earnings for a debt security in an unrealized loss position when the Company either (1) has the intent to sell the debt security or (2) it is more likely than not will be required to sell the debt security before its anticipated recovery. For all debt securities in unrealized loss positions that do not meet either of these two criteria, the Company analyzes its ability to recover the amortized cost by comparing the net present value of projected future cash flows with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the debt security prior to impairment. The Company may use the estimated fair value of collateral as a proxy for the net present value if it believes that the security is dependent on the liquidation of collateral for recovery of its investment. If the net present value is less than the amortized cost of the investment, an OTTI is recognized.

When an OTTI of a debt security has occurred, the amount of the OTTI recognized in earnings depends on whether the Company intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis. If the debt security meets either of these two criteria, the OTTI recognized in earnings is equal to the entire difference between the security’s amortized cost basis and its fair value at the impairment measurement date. For OTTI of debt securities that do not meet these criteria, the net amount recognized in earnings is equal to the difference between the amortized cost of the debt security and its net present value calculated as described above. Any difference between the fair value and the net present value of the debt security at the impairment measurement date is recorded in “Other comprehensive income (loss)” (“OCI”). Unrealized gains or losses on securities for which an OTTI has been recognized in earnings is tracked as a separate component of AOCI.

The split between the amount of an OTTI recognized in OCI and the net amount recognized in earnings for debt securities is driven principally by assumptions regarding the amount and timing of projected cash flows. For mortgage-backed and asset-backed securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries which vary based on the asset type and geographic location, as well as the vintage year of the security. For structured securities, the payment priority within the tranche structure is also considered. For all other debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer.

The new cost basis of an impaired security is not adjusted for subsequent increases in estimated fair value. In periods subsequent to the recognition of an OTTI, the impaired security is accounted for as if it had been purchased on the measurement date of the impairment. For debt securities, the discount (or reduced premium) based on the new cost basis may be accreted into net investment income in future periods, including increases in cash flow on a prospective basis. In certain cases where there are decreased cash flow expectations, the security is reviewed for further cash flow impairments.

B-11

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Unrealized investment gains and losses are also considered in determining certain other balances, including DAC, DSI, certain future policy benefits, reinsurance recoverables, policyholders’ account balances and deferred tax assets or liabilities. These balances are adjusted, as applicable, for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. Each of these balances is discussed in greater detail below.

Cash and cash equivalents include cash on hand, amounts due from banks, certain money market investments, funds managed similar to regulated money market funds, other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in "Fixed maturities, available-for-sale, at fair value,” and receivables related to securities purchased under agreements to resell (see also "Securities sold under agreements to purchase" below.) The Company also engages in overnight borrowing and lending of funds with Prudential Financial and affiliates which are considered cash and cash equivalents.

Deferred policy acquisition costs are related directly to the successful acquisition of new and renewal insurance and annuity business that have been deferred to the extent such costs are deemed recoverable from future profits. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully negotiated contracts. In each reporting period, capitalized DAC is amortized to “Amortization of DAC”, net of the accrual of imputed interest on DAC balances. DAC is subject to periodic recoverability testing. DAC, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI.

DAC related to universal and variable life products and fixed and variable deferred annuity products are generally deferred and amortized over the expected life of the contracts in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. The Company uses a reversion to the mean approach for equities to derive future equity return assumptions. However, if the projected equity return calculated using this approach is greater than the maximum equity return assumption, the maximum equity return is utilized. Gross profits also include impacts from the embedded derivatives associated with certain of the optional living benefit features of the Company’s variable annuity contracts and related hedging activities. In calculating gross profits, profits and losses related to contracts issued by the Company that are reported in affiliated legal entities other than the Company as a result of, for example, reinsurance agreements with those affiliated entities are also included. The Company is an indirect subsidiary of Prudential Financial, an United States Securities and Exchange Commission (the "SEC") registrant, and has extensive transactions and relationships with other subsidiaries of Prudential Financial, including reinsurance agreements, as described in Note 9. Incorporating all product-related profits and losses in gross profits, including those that are reported in affiliated legal entities, produces a DAC amortization pattern representative of the total economics of the products. Total gross profits include both actual gross profits and estimates of gross profits for future periods. The Company regularly evaluates and adjusts DAC balances with a corresponding charge or credit to current period earnings, representing a cumulative adjustment to all prior periods’ amortization, for the impact of actual gross profits and changes in the Company's projections of estimated future gross profits. Adjustments to DAC balances include: (i) annual review of assumptions that reflect the comprehensive review of the assumptions used in estimating gross profits for future periods, (ii) quarterly adjustments for current period experience (also referred to as “experience true-up” adjustments) that reflect the impact of differences between actual gross profits for a given period and the previously estimated expected gross profits for that period, and (iii) quarterly adjustments for market performance (also referred to as “experience unlocking”) that reflect the impact of changes to the Company's estimate of total gross profits to reflect actual fund performance and market conditions.

For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a non-integrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies. See Note 6 for additional information regarding DAC.

Deferred sales inducements represent various types of sales inducements to contractholders primarily related to fixed and variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology and assumptions used to amortize DAC. Sales inducements balances are subject to periodic recoverability testing. The Company records amortization of deferred sales inducements in “Interest credited to policyholders’ account balances.” Deferred sales inducements for applicable products are adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. There was no deferred sales inducements balance at December 31, 2018 and 2017. See Note 8 for additional information regarding sales inducements.

B-12

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Accrued investment income primarily includes accruals of interest and dividend income from investments that have been earned but not yet received.

Reinsurance recoverables include corresponding receivables associated with reinsurance arrangements with affiliates and third-party reinsurers. For additional information about these arrangements see Note 9.

Other assets consist primarily of premiums due and deferred loss on reinsurance with affiliates.

Separate account assets represent segregated funds that are invested for certain contractholders and other customers. The assets consist primarily of equity securities, fixed maturities, and real estate related investments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Investment risks associated with market value changes are borne by the contractholders, except to the extent of minimum guarantees made by the Company with respect to certain accounts. The investment income and realized investment gains or losses from separate accounts generally accrue to the contractholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income”. Asset administration fees charged to the accounts are included in “Asset administration fees”. See Note 8 for additional information regarding separate account arrangements with contractual guarantees. See also “Separate account liabilities” below.

Short-term investments primarily consist of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased. These investments are generally carried at fair value or amortized cost that approximates fair value and include certain money market investments, funds managed similar to regulated money market funds, short-term debt securities issued by government sponsored entities and other highly liquid debt instruments.

LIABILITIES

Policyholders’ account balances liability represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. See Note 7 for additional information regarding policyholders’ account balances.

Future policy benefits liability includes liabilities related to certain long-duration life and annuity contracts, which are discussed more fully in Note 8. These liabilities represent reserves for the guaranteed minimum death and optional living benefit features on our variable annuity products and no lapse guarantees for our variable and universal life products. The optional living benefits are primarily accounted for as embedded derivatives, with fair values calculated as the present value of future expected benefit payments to customers less the present value of assessed rider fees attributable to the embedded derivative feature. For additional information regarding the valuation of these optional living benefit features, see Note 5.

The Company’s liability for future policy benefits also includes reserves based on the present value of estimated future payments to or on behalf of policyholders related to contracts that have fixed and guaranteed terms, where the timing and amount of payment depends on policyholder mortality and maintenance expenses less the present value of future net premiums. Expected mortality is generally based on Company experience, industry data and/or other factors. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance or annuity business with fixed and guaranteed terms, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by establishing premium deficiency reserves. Premium deficiency reserves are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. Premium deficiency reserves do not include a provision for the risk of adverse deviation. Any adjustments to future policy benefit reserves related to net unrealized gains on securities classified as available-for-sale are included in AOCI. See Note 7 for additional information regarding future policy benefits.

B-13

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Cash collateral for loaned securities represent liabilities to return cash proceeds from security lending transactions. Securities lending transactions are used primarily to earn spread income, or to borrow funds. As part of securities lending transactions, the Company transfers U.S. and foreign debt and equity securities, as well as U.S. government and government agency securities, and receives cash as collateral. Cash proceeds from securities lending transactions are used to earn spread income, and are typically invested in cash equivalents, short-term investments or fixed maturities. Securities lending transactions are treated as financing arrangements and are recorded at the amount of cash received. The Company obtains collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. The Company monitors the market value of the securities loaned on a daily basis with additional collateral obtained as necessary. Substantially all of the Company’s securities lending transactions are with large brokerage firms and large banks. Income and expenses associated with securities lending transactions used to earn spread income are reported as “Net investment income”; however, for securities lending transactions used for funding purposes the associated rebate is reported as interest expense (included in “General, administrative and other expenses”).

Securities sold under agreements to repurchase represent liabilities associated with securities repurchase agreements which are used primarily to earn spread income, to borrow funds, or to facilitate trading activity. As part of securities repurchase agreements, the Company transfers U.S. government and government agency securities to a third-party, and receives cash as collateral. For securities repurchase agreements used to earn spread income, the cash received is typically invested in cash equivalents, short-term investments or fixed maturities. Receivables associated with securities purchased under agreements to resell are generally reflected as cash equivalents (see also "Cash and cash equivalents" above). As part of securities resale agreements, the Company invests cash and receives as collateral U.S. government securities or other debt securities.

Securities repurchase and resale agreements that satisfy certain criteria are treated as secured borrowing or secured lending arrangements. These agreements are carried at the amounts at which the securities will be subsequently resold or reacquired, as specified in the respective transactions. For securities purchased under agreements to resell, the Company’s policy is to take possession or control of the securities either directly or through a third-party custodian. These securities are valued daily and additional securities or cash collateral is received, or returned, when appropriate to protect against credit exposure. Securities to be resold are the same, or substantially the same, as the securities received. The majority of these transactions are with large brokerage firms and large banks. For securities sold under agreements to repurchase, the market value of the securities to be repurchased is monitored, and additional collateral is obtained where appropriate, to protect against credit exposure. The Company obtains collateral in an amount at least equal to 95% of the fair value of the securities sold. Securities to be repurchased are the same, or substantially the same, as those sold. The majority of these transactions are with highly rated money market funds. Income and expenses related to these transactions executed within the insurance companies used to earn spread income are reported as “Net investment income”; however, for transactions used for funding purposes, the associated borrowing cost is reported as interest expense (included in “General, administrative and other expenses”). Income and expenses related to these transactions executed within the Company’s derivative operations are reported in “Other income (loss)”.

Income taxes liability primarily represents the net deferred tax liability and the Company’s estimated taxes payable for the current year and open audit years.

The Company is a member of the federal income tax return of Prudential Financial and primarily files separate company state and local tax returns. Pursuant to the tax allocation arrangement with Prudential Financial, total federal income tax expense is determined on a separate company basis. Members with losses record tax benefits to the extent such losses are recognized in the consolidated federal tax provision.

Items required by tax regulations to be included in the tax return may differ from the items reflected in the financial statements. As a result, the effective tax rate reflected in the financial statements may be different than the actual rate applied on the tax return. Some of these differences are permanent such as expenses that are not deductible in the Company’s tax return, and some differences are temporary, reversing over time, such as valuation of insurance reserves. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in future years for which the Company has already recorded the tax benefit in the Company’s Statements of Operations. Deferred tax liabilities generally represent tax expense recognized in the Company’s financial statements for which payment has been deferred, or expenditures for which the Company has already taken a deduction in the Company’s tax returns but have not yet been recognized in the Company’s financial statements.

B-14

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Deferred income taxes are recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. The application of U.S. GAAP requires the Company to evaluate the recoverability of the Company’s deferred tax assets and establish a valuation allowance if necessary to reduce the Company’s deferred tax assets to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. See Note 8 for a discussion of factors considered when evaluating the need for a valuation allowance.

In December of 2017, SEC staff issued "SAB 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act" ("SAB 118"), which allowed registrants to record provisional amounts during a ‘measurement period’ not to extend beyond one year. Under the relief provided by SAB 118, a company could recognize provisional amounts when it did not have the necessary information available, prepared or analyzed in reasonable detail to complete its accounting for the change in tax law. See Note 10 for a discussion of provisional amounts related to the U.S. Tax Cuts and Jobs Act of 2017 ("Tax Act of 2017") recorded in 2017 and adjustments to provisional amounts recorded in 2018.

U.S. GAAP prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on tax returns. The application of this guidance is a two-step process. First, the Company determines whether it is more likely than not, based on the technical merits, that the tax position will be sustained upon examination. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The second step is measurement. The Company measures the tax position as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate resolution with a taxing authority that has full knowledge of all relevant information. This measurement considers the amounts and probabilities of the outcomes that could be realized upon ultimate settlement using the facts, circumstances, and information available at the reporting date.

The Company’s liability for income taxes includes a liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by the Internal Revenue Service (“IRS”) or other taxing jurisdictions. Audit periods remain open for review until the statute of limitations has passed. Generally, for tax years which produce net operating losses, capital losses or tax credit carryforwards (“tax attributes”), the statute of limitations does not close, to the extent of these tax attributes, until the expiration of the statute of limitations for the tax year in which they are fully utilized. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The Company classifies all interest and penalties related to tax uncertainties as income tax expense. See Note 10 for additional information regarding income taxes.

Other liabilities consist primarily of accrued expenses, reinsurance payables and technical overdrafts.

Separate account liabilities primarily represent the contractholders’ account balance in separate account assets and to a lesser extent borrowings of the separate account, and will be equal and offsetting to total separate account assets. See also “Separate account assets” above.

Short-term and long-term debt liabilities are primarily carried at an amount equal to unpaid principal balance, net of unamortized discount or premium and debt issue costs. Original-issue discount or premium and debt-issue costs are recognized as a component of interest expense over the period the debt is expected to be outstanding, using the interest method of amortization. Interest expense is generally presented within “General, administrative and other expenses” in the Company’s Statements of Operations. Short-term debt is debt coming due in the next twelve months, including that portion of debt otherwise classified as long-term. The short-term debt caption may exclude short-term debt items for which the Company has the intent and ability to refinance on a long-term basis in the near term. See Note 13 for additional information regarding short-term and long-term debt.

Commitments and contingent liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. Management evaluates whether there are incremental legal or other costs directly associated with the ultimate resolution of the matter that are reasonably estimable and, if so, they are included in the accrual. These accruals are generally reported in “Other liabilities”.

B-15

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

REVENUES AND BENEFITS AND EXPENSES

Insurance Revenue and Expense Recognition

Premiums from individual life products, other than universal and variable life contracts, are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for all expected future benefits and expenses) is generally deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium valuation methodology.

Premiums from single premium immediate annuities with life contingencies are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue based on expected future benefit payments. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium methodology.

Certain individual annuity contracts provide the contractholder a guarantee that the benefit received upon death or annuitization will be no less than a minimum prescribed amount. These benefits are accounted for as insurance contracts. The Company also provides contracts with certain living benefits which are considered embedded derivatives. See Note 8 for additional information regarding these contracts.

Amounts received as payment for universal or variable individual life contracts, deferred fixed or variable annuities and other contracts without life contingencies are reported as deposits to “Policyholders’ account balances” and/or “Separate account liabilities.” Revenues from these contracts are reflected in “Policy charges and fee income” consisting primarily of fees assessed during the period against the policyholders’ account balances for mortality and other benefit charges, policy administration charges and surrender charges. In addition to fees, the Company earns investment income from the investment of deposits in the Company’s general account portfolio. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are generally deferred and amortized into revenue over the life of the related contracts in proportion to estimated gross profits. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration, interest credited to policyholders’ account balances and amortization of DAC and DSI.

Asset administration fees primarily include asset administration fee income received on contractholders’ account balances invested in The Prudential Series Funds, which are a portfolio of mutual fund investments related to the Company’s separate account products. Also, the Company receives fee income calculated on contractholder separate account balances invested in the Advanced Series Trust ("AST") (see Note 13). In addition, the Company receives fees from contractholders’ account balances invested in funds managed by companies other than affiliates of Prudential Insurance. Asset administration fees are recognized as income when earned.

Other income includes realized and unrealized gains or losses from investments reported as “Fixed maturities, trading, at fair value”, “Equity securities, at fair value”, and “Other invested assets” that are measured at fair value.

OTHER ACCOUNTING POLICIES

Derivative Financial Instruments

Derivatives are financial instruments whose values are derived from interest rates, foreign exchange rates, financial indices, values of securities or commodities, credit spreads, market volatility, expected returns, and liquidity. Values can also be affected by changes in estimates and assumptions, including those related to counterparty behavior and non-performance risk ("NPR") used in valuation models. Derivative financial instruments generally used by the Company include swaps, futures, forwards and options and may be exchange-traded or contracted in the over-the-counter (“OTC”) market. Derivative positions are carried at fair value, generally by obtaining quoted market prices or through the use of valuation models.

Derivatives are used to manage the interest rate and currency characteristics of assets or liabilities. Additionally, derivatives may be used to seek to reduce exposure to interest rate, credit, foreign currency and equity risks associated with assets held or expected to be purchased or sold, and liabilities incurred or expected to be incurred. As discussed in detail below and in Note 4, all realized and unrealized changes in fair value of derivatives are recorded in current earnings, with the exception of the effective portion of cash flow hedges. Cash flows from derivatives are reported in the operating, investing or financing activities sections in the Statements of Cash Flows based on the nature and purpose of the derivative.

B-16

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Derivatives are recorded either as assets, within "Other invested assets", or as liabilities, within “Payables to parent and affiliates”, except for embedded derivatives which are recorded with the associated host contract. The Company nets the fair value of all derivative financial instruments with counterparties for which a master netting arrangement has been executed.

The Company designates derivatives as either (1) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge); or (2) a derivative that does not qualify for hedge accounting.

To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated risk of the hedged item. Effectiveness of the hedge is formally assessed at inception and throughout the life of the hedging relationship. Even if a derivative qualifies for hedge accounting treatment, there may be an element of ineffectiveness of the hedge. Under such circumstances, the ineffective portion is recorded in “Realized investment gains (losses), net”.

The Company formally documents at inception all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions.

When a derivative is designated as a cash flow hedge and is determined to be highly effective, changes in its fair value are recorded in AOCI until earnings are affected by the variability of cash flows being hedged (e.g., when periodic settlements on a variable-rate asset or liability are recorded in earnings). At that time, the related portion of deferred gains or losses on the derivative instrument is reclassified and reported in the Statements of Operations line item associated with the hedged item.

If it is determined that a derivative no longer qualifies as an effective cash flow hedge or management removes the hedge designation, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net”. The component of AOCI related to discontinued cash flow hedges is reclassified to the Statements of Operations line associated with the hedged cash flows consistent with the earnings impact of the original hedged cash flows.

When hedge accounting is discontinued because the hedged item no longer meets the definition of a firm commitment, or because it is probable that the forecasted transaction will not occur by the end of the specified time period, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net”. Any asset or liability that was recorded pursuant to recognition of the firm commitment is removed from the balance sheet and recognized currently in “Realized investment gains (losses), net”. Gains and losses that were in AOCI pursuant to the hedge of a forecasted transaction are recognized immediately in “Realized investment gains (losses), net”.

If a derivative does not qualify for hedge accounting, all changes in its fair value, including net receipts and payments, are included in “Realized investment gains (losses), net” without considering changes in the fair value of the economically associated assets or liabilities.

The Company is a party to financial instruments that contain derivative instruments that are “embedded” in the financial instruments. At inception, the Company assesses whether the economic characteristics of the embedded instrument are clearly and closely related to the economic characteristics of the remaining component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that (1) the embedded instrument possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded instrument qualifies as an embedded derivative that is separated from the host contract, carried at fair value, and changes in its fair value are included in “Realized investment gains (losses), net.” For certain financial instruments that contain an embedded derivative that otherwise would need to be bifurcated and reported at fair value, the Company may elect to carry the entire instrument at fair value and report it within “Fixed maturities, trading, at fair value" or "Equity securities, at fair value".

The Company sells variable annuity contracts that include optional living benefit features that may be treated from an accounting perspective as embedded derivatives. The Company has reinsurance agreements to transfer the risks related to certain of these benefit features to affiliates, Pruco Re and Pruco Life through March 31, 2016. Effective April 1, 2016, the Company recaptured the risks related to its variable annuity living benefit guarantees that were previously reinsured to Pruco Re and Pruco Life. In addition, the Company reinsured the variable annuity base contracts, along with the living benefit guarantees, to Prudential Insurance under a coinsurance and modified coinsurance agreement. See Note 1 for additional information. The embedded derivatives related to the living benefit features and the related reinsurance agreements are carried at fair value and included in “Future policy benefits” and “Reinsurance recoverables”. Changes in the fair value are determined using valuation models as described in Note 5 and are recorded in “Realized investment gains (losses), net”.

B-17

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Accounting for Certain Reinsurance Contracts in the Individual Life business

In 2017, the Company recognized a pre-tax charge of $2 million, reflecting a change in estimate of reinsurance cash flows associated with universal life products as well as a change in method of reflecting these cash flows in the financial statements. Under the previous method of accounting, with the exception of recoveries pertaining to no lapse guarantees, reinsurance cash flows (e.g., premiums and recoveries) were generally recognized as they occurred. Under the new method, the expected reinsurance cash flows are recognized more ratably over the life of the underlying reinsured policies. In conjunction with this change, the way in which reinsurance is reflected in estimated gross profits used for the amortization of unearned revenue reserves and DAC was also revised. The change represents a change in accounting estimate effected by a change in accounting principle and was included within the Company’s annual reviews and update of assumptions and other refinements. The change in accounting estimate reflected insights gained from revised cash flow modeling enabled by a systems conversion, which prompted the change to a preferable accounting method. This new methodology is viewed as preferable as the Company believes it better reflects the economics of reinsurance transactions by aligning the results of reinsurance activity more closely to the underlying direct insurance activity and by better reflecting the profit pattern of this business for purposes of the amortization of the balances noted above.

The impacts of the pre-tax charge of $2 million in the second quarter of 2017 were as follows:



	Impact of Change in Accounting for Certain Reinsurance Contracts(1)
	(in millions)
Decrease in Policy charges and fee income	$	(10	)
Decrease in Policyholders' benefits	10
Increase in Amortization of deferred policy acquisition costs	(2		)
Pre-tax charge to income	$	(2	)


(1)	The corresponding impacts to the Consolidated Statement of Financial Position were a $13 million increase in "Other liabilities", a $9 million increase in "Reinsurance recoverables", a $4 million decrease in "Policyholders’ account balances" and a $2 million decrease in "Deferred policy acquisition costs".

RECENT ACCOUNTING PRONOUNCEMENTS

Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of Accounting Standards Updates ("ASU") to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASU. ASU listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of the date of this filing. ASU not listed below were assessed and determined to be either not applicable or not material.

Adoption of ASU 2016-01

Effective January 1, 2018, the Company adopted ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities using a modified retrospective method. Adoption of this ASU impacted the Company’s accounting and presentation related to equity investments. The most significant impact is that the changes in fair value of equity securities previously classified as “available for sale” are to be reported in net income within “Other income” in the Statements of Operations. Prior to this, the changes in fair value on equity securities classified as “available for sale” were reported in AOCI.

The impacts of this ASU on the Company’s Financial Statements can be categorized as follows: (1) Changes to the presentation within the Statements of Financial Position; (2) Cumulative-effect Adjustment Upon Adoption; and (3) Changes to Accounting Policies. Each of these components is described below.

B-18

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

(1) Changes to the presentation within the Statements of Financial Position

Because of the fundamental accounting changes as described in section "(3) Changes to Accounting Policies" below, the Company determined that changes to the presentation of certain balances in the investment section of the Company’s Statements of Financial Position were also necessary to maintain clarity and logical presentation. The table below illustrates these changes by presenting the balances as previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and the reclassifications that were made, along with a footnote explanation of each reclassification.



	December 31, 2017
	As previously reported		Reclassifications									As currently reported
Consolidated Statements of Financial Position Line Items			(1)			(2)			(3)
	(in thousands)
Fixed maturities, available-for-sale, at fair value	$	1,261,237										$	1,261,237
*Fixed maturities, trading, at fair value	0					6,643						6,643
Equity securities, available-for-sale, at fair value	3,414		(3,414		)							0
*Equity securities, at fair value	0		3,414			7,428						10,842
Trading account assets, at fair value	14,071					(14,071		)				0
Policy loans	193,244											193,244
Short-term investments	0											0
Commercial mortgage and other loans	121,796											121,796
Other long-term investments	46,803								(46,803		)	0
*Other invested assets	0								46,803			46,803
Total investments	$	1,640,565	$	0		$	0		$	0		$	1,640,565

* - New line item effective January 1, 2018.

Strikethrough - Eliminated line item effective January 1, 2018.


(1)	Retitled “Equity securities, available-for-sale, at fair value” to “Equity securities, at fair value” as equity securities can no longer be described as available-for-sale.


(2)	Eliminated the line item “Trading account assets, at fair value” and reclassified each component to another line item.


(3)	Retitled “Other long-term investments” to “Other invested assets”.

(2) Cumulative-effect Adjustment Upon Adoption

The provisions of ASU 2016-01 require that the Company apply the amendments through a cumulative-effect adjustment to the Statements of Financial Position as of the beginning of the fiscal year of adoption. The following table illustrates the impact on the Company’s Statement of Financial Position as a result of recording this cumulative-effect adjustment on January 1, 2018.



Summary of ASU 2016-01 Transition Impacts on the Statement
of Financial Position upon Adoption on January 1, 2018

(in thousands)
	Increase / (Decrease)
Other invested assets	$	250
Total assets	$	250
Income taxes payable	$	53
Total liabilities	53
Accumulated other comprehensive income (loss)	(175		)
Retained earnings	372
Total equity	197
Total liabilities and equity	$	250

B-19

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

(3) Changes to Accounting Policies

The narrative description of our significant accounting policies at the beginning of this Note reflects our policies as of December 31, 2018, including policies associated with the adoption of ASU 2016-01.

Other ASU adopted during the twelve months ended December 31, 2018



Standard	Description	Effective date and method of adoption	Effect on the financial statements or other significant matters
ASU 2014-09, Revenue from Contracts with Customers (Topic 606)	The ASU is based on the core principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The standard also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, and assets recognized from the costs to obtain or fulfill a contract with a customer. Revenue recognition for insurance contracts and financial instruments is explicitly scoped out of the standard.	January 1, 2018 using the modified retrospective method which included a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption.	Adoption of the ASU did not have an impact on the Company’s Financial Statements and Notes to the Financial Statements.
ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a Consensus of the Emerging Issues Task Force)	This ASU addresses diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The standard provides clarity on the treatment of eight specifically defined types of cash inflows and outflows.	January 1, 2018 using the retrospective method (with early adoption permitted provided that all amendments are adopted in the same period).	Adoption of the ASU did not have a significant impact on the Company’s Financial Statements and Notes to the Financial Statements.
ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash	In November 2016, the FASB issued this ASU to address diversity in practice from entities classifying and presenting transfers between cash and restricted cash as operating, investing, or financing activities, or as a combination of those activities in the Statement of Cash Flows. The ASU requires entities to show the changes in the total of cash, cash equivalents, restricted cash, and restricted cash equivalents in the Statement of Cash Flows. As a result, transfers between such categories will no longer be presented in the Statement of Cash Flows.	January 1, 2018 using the retrospective method (with early adoption permitted).	Adoption of the ASU did not have a significant impact on the Company’s Financial Statements and Notes to the Financial Statements.

B-20

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (Loss)	In February 2018, this ASU was issued following the enactment of the Tax Act of 2017. This ASU allows an entity to elect a reclassification from AOCI to retained earnings for stranded effects resulting from the Tax Act of 2017.	January 1, 2019 with early adoption permitted. The ASU should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act of 2017 is recognized.	The Company early adopted the ASU effective January 1, 2018 and elected to apply the ASU in the period of adoption subsequent to recording the adoption impacts of ASU 2016-01 as described above. As a result, the Company reclassified stranded effects resulting from the Tax Act of 2017 by increasing AOCI and decreasing retained earnings, each by $5.9 million. Stranded effects unrelated to the Tax Act of 2017 are generally released from AOCI when an entire portfolio of the type of item related to the stranded effect is liquidated, sold or extinguished (i.e., portfolio approach).

ASU issued but not yet adopted as of December 31, 2018 — ASU 2018-12

ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018 and is expected to have a significant impact on the Company’s Financial Statements and Notes to the Financial Statements. The ASU is effective January 1, 2021 (with early adoption permitted), and will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. Outlined below are four key areas of change, although there are other changes not noted below. In addition to the impacts to the balance sheet upon adoption, the Company also expects an impact to how earnings emerge thereafter.

B-21

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

B-22

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



Market Risk Benefits	Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value with changes in value attributable to changes in an entity’s NPR to be recognized in OCI.	An entity will apply a retrospective transition method which will include a cumulative-effect adjustment on the balance sheet as of the earliest period presented.	Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., Guaranteed Minimum Death Benefits ("GMDB") on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed.

Other ASU issued but not yet adopted as of December 31, 2018

B-23

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



Standard	Description	Effective date and method of adoption	Effect on the financial statements or other significant matters
ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities	This ASU requires certain premiums on callable debt securities to be amortized to the earliest call date.	January 1, 2019 using the modified retrospective method (with early adoption permitted) which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption.	The Company does not expect the adoption of the ASU to have a significant impact on the Company’s Financial Statements and Notes to the Financial Statements.
ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities	This ASU makes targeted changes to the existing hedge accounting model to better portray the economics of an entity’s risk management activities and to simplify the use of hedge accounting.	January 1, 2019 using the modified retrospective method (with early adoption permitted) which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption.	The Company does not expect the adoption of the ASU to have a significant impact on the Company’s Financial Statements and Notes to the Financial Statements.

B-24

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

3. INVESTMENTS

Fixed Maturity Securities

The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated:



	December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		OTTI in AOCI(3)
	(in thousands)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government authorities and agencies	$	15,388	$	940	$	0	$	16,328	$	0
Obligations of U.S. states and their political subdivisions	121,031		1,830		555		122,306		0
Foreign government bonds	68,720		96		3,522		65,294		0
U.S. corporate public securities	486,872		8,798		14,945		480,725		0
U.S. corporate private securities	231,953		1,935		7,522		226,366		0
Foreign corporate public securities	49,684		476		1,945		48,215		0
Foreign corporate private securities	149,611		736		5,584		144,763		0
Asset-backed securities(1)	22,352		1,040		41		23,351		(40		)
Commercial mortgage-backed securities	147,464		915		3,173		145,206		0
Residential mortgage-backed securities(2)	4,817		460		7		5,270		(66		)
Total fixed maturities, available-for-sale	$	1,297,892	$	17,226	$	37,294	$	1,277,824	$	(106	)


(1)	Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, education loans and other asset types.


(2)	Includes publicly-traded agency pass-through securities and collateralized mortgage obligations.


(3)	Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.2 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date.



	December 31, 2017(4)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		OTTI in AOCI(3)
	(in thousands)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government authorities and agencies	$	17,831	$	1,465	$	0	$	19,296	$	0
Obligations of U.S. states and their political subdivisions	121,208		6,660		0		127,868		0
Foreign government bonds	29,489		377		161		29,705		0
U.S. corporate public securities	464,726		34,100		1,304		497,522		(45		)
U.S. corporate private securities	235,957		7,063		930		242,090		0
Foreign corporate public securities	36,790		1,448		557		37,681		0
Foreign corporate private securities	143,608		6,991		891		149,708		0
Asset-backed securities(1)	26,539		1,275		0		27,814		(51		)
Commercial mortgage-backed securities	118,818		1,883		1,174		119,527		0
Residential mortgage-backed securities(2)	9,200		826		0		10,026		(85		)
Total fixed maturities, available-for-sale(4)	$	1,204,166	$	62,088	$	5,017	$	1,261,237	$	(181	)


(1)	Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, credit cards, education loans and other asset types.


(2)	Includes publicly-traded agency pass-through securities and collateralized mortgage obligations.


(3)	Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.3 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date.

B-25

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)


(4)	Prior period amounts have been reclassified to conform to current period presentation.

The following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated:



	December 31, 2018
	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Fixed maturities, available-for-sale:
Obligations of U.S. states and their political subdivisions	$	36,191	$	356	$	7,585	$	199	$	43,776	$	555
Foreign government bonds	28,009		1,002		30,924		2,520		58,933		3,522
U.S. corporate public securities	182,958		7,696		124,396		7,249		307,354		14,945
U.S. corporate private securities	57,562		4,549		106,828		2,973		164,390		7,522
Foreign corporate public securities	20,062		695		16,791		1,250		36,853		1,945
Foreign corporate private securities	97,538		4,321		14,107		1,263		111,645		5,584
Asset-backed securities	7,762		41		0		0		7,762		41
Commercial mortgage-backed securities	26,453		163		61,338		3,010		87,791		3,173
Residential mortgage-backed securities	535		4		243		3		778		7
Total fixed maturities, available-for-sale	$	457,070	$	18,827	$	362,212	$	18,467	$	819,282	$	37,294



	December 31, 2017(1)
	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Fixed maturities, available-for-sale:
Obligations of U.S. states and their political subdivisions	$	0	$	0	$	0	$	0	$	0	$	0
Foreign government bonds	3,354		42		6,210		119		9,564		161
U.S. corporate public securities	12,254		93		46,718		1,211		58,972		1,304
U.S. corporate private securities	42,607		608		14,034		322		56,641		930
Foreign corporate public securities	5,565		27		7,369		530		12,934		557
Foreign corporate private securities	13,639		180		11,333		711		24,972		891
Asset-backed securities	0		0		0		0		0		0
Commercial mortgage-backed securities	12,774		56		44,627		1,118		57,401		1,174
Residential mortgage-backed securities	0		0		0		0		0		0
Total fixed maturities, available-for-sale	$	90,193	$	1,006	$	130,291	$	4,011	$	220,484	$	5,017


(1)	Prior period amounts have been reclassified to conform to current period presentation.

B-26

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

As of December 31, 2018 and 2017, the gross unrealized losses on fixed maturity securities were composed of $31.0 million and $4.2 million, respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $6.3 million and $0.8 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of December 31, 2018, the $18.5 million of gross unrealized losses of twelve months or more were concentrated in commercial mortgage-backed securities and in the Company's corporate securities within the finance, utility and consumer non-cyclical sectors. As of December 31, 2017, the $4.0 million of gross unrealized losses of twelve months or more were concentrated in commercial mortgage-backed securities and in the Company's corporate securities within the finance and technology sectors. In accordance with its policy described in Note 2, the Company concluded that an adjustment to earnings for OTTI for these fixed maturity securities was not warranted at either December 31, 2018 or 2017. These conclusions were based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to general credit spread widening, increases in interest rates and foreign currency exchange rate movements. As of December 31, 2018, the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis.

The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated:



	December 31, 2018
	Amortized Cost		Fair Value
	(in thousands)
Fixed maturities, available-for-sale:
Due in one year or less	$	19,983	$	20,157
Due after one year through five years	158,450		153,748
Due after five years through ten years	292,180		283,399
Due after ten years	652,646		646,693
Asset-backed securities	22,352		23,351
Commercial mortgage-backed securities	147,464		145,206
Residential mortgage-backed securities	4,817		5,270
Total fixed maturities, available-for-sale	$	1,297,892	$	1,277,824

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date.

B-27

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of both fixed maturities, for the periods indicated:



	Years Ended December 31,
	2018			2017			2016
	(in thousands)
Fixed maturities, available-for-sale:
Proceeds from sales(1)	$	3,530		$	103,740		$	189,999
Proceeds from maturities/prepayments	70,152			87,544			81,157
Gross investment gains from sales and maturities	172			88			(235		)
Gross investment losses from sales and maturities	(219		)	(989		)	(1,135		)
OTTI recognized in earnings(2)	(125		)	(80		)	0


(1)	Includes $0.0 million, $0.0 million and $0.0 million of non-cash related proceeds due to the timing of trade settlements for the years ended December 31, 2018, 2017 and 2016, respectively.


(2)	Excludes the portion of OTTI amounts remaining in OCI representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of the impairment.

The following table sets forth a rollforward of pre-tax amounts remaining in OCI related to fixed maturity securities with credit loss impairments recognized in earnings, for the periods indicated:



	Years Ended December 31,
	2018			2017
	(in thousands)
Credit loss impairments:
Balance, beginning of period	$	561		$	562
New credit loss impairments	0			0
Additional credit loss impairments on securities previously impaired	0			0
Increases due to the passage of time on previously recorded credit losses	30			38
Reductions for securities which matured, paid down, prepaid or were sold during the period	(412		)	(37		)
Reductions for securities impaired to fair value during the period(1)	0			0
Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected	0			(2		)
Assets transferred to parent and affiliates	0			0
Balance, end of period	$	179		$	561


(1)	Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security's amortized cost.

Equity Securities

The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $(1.0) million during the year ended December 31, 2018. The net change in unrealized gains (losses) from equity securities, still held at period end, recorded within "Other comprehensive income (loss)," was $0.2 million and $1.2 million during the years ended December 31, 2017 and 2016, respectively.

B-28

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Commercial Mortgage and Other Loans

The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated:



	December 31, 2018					December 31, 2017
	Amount (in thousands)			% of Total		Amount (in thousands)			% of Total
Commercial mortgage and agricultural property loans by property type:
Apartments/Multi-Family	$	41,775		35.2	%	$	44,405		36.4	%
Hospitality	9,988			8.4		10,263			8.4
Industrial	12,264			10.3		10,924			9.0
Office	16,930			14.3		17,738			14.5
Other	19,024			16.0		19,154			15.7
Retail	13,838			11.6		14,180			11.6
Total commercial mortgage loans	113,819			95.8		116,664			95.6
Agricultural property loans	4,968			4.2		5,312			4.4
Total commercial mortgage and agricultural property loans by property type	118,787			100.0	%	121,976			100.0	%
Allowance for credit losses	(151		)			(180		)
Total commercial mortgage and other loans	$	118,636				$	121,796

As of December 31, 2018, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in Illinois (17%), New York (14%) and Texas (10%)) and included loans secured by properties in Europe (8%).

B-29

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated:



	Commercial Mortgage Loans			Agricultural Property Loans			Total
	(in thousands)
Balance at December 31, 2015	$	425		$	3		$	428
Addition to (release of) allowance for credit losses	(218		)	(1		)	(219		)
Charge-offs, net of recoveries	0			0			0
Balance at December 31, 2016	$	207		$	2		$	209
Addition to (release of) allowance for credit losses	(28		)	(1		)	(29		)
Charge-offs, net of recoveries	0			0			0
Balance at December 31, 2017	$	179		$	1		$	180
Addition to (release of) allowance for credit losses	(29		)	0			(29		)
Charge-offs, net of recoveries	0			0			0
Balance at December 31, 2018	$	150		$	1		$	151

The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans, as of the dates indicated:



	December 31, 2018
	Commercial Mortgage Loans		Agricultural Property Loans		Total
	(in thousands)
Allowance for credit losses:
Individually evaluated for impairment	$	0	$	0	$	0
Collectively evaluated for impairment	150		1		151
Total ending balance(1)	$	150	$	1	$	151
Recorded investment(2):
Individually evaluated for impairment	$	0	$	0	$	0
Collectively evaluated for impairment	113,819		4,968		118,787
Total ending balance(1)	$	113,819	$	4,968	$	118,787


(1)	As of December 31, 2018, there were no loans acquired with deteriorated credit quality.


(2)	Recorded investment reflects the carrying value gross of related allowance.



	December 31, 2017
	Commercial Mortgage Loans		Agricultural Property Loans		Total
	(in thousands)
Allowance for credit losses:
Individually evaluated for impairment	$	0	$	0	$	0
Collectively evaluated for impairment	179		1		180
Total ending balance(1)	$	179	$	1	$	180
Recorded investment(2):
Individually evaluated for impairment	$	0	$	0	$	0
Collectively evaluated for impairment	116,664		5,312		121,976
Total ending balance(1)	$	116,664	$	5,312	$	121,976


(1)	As of December 31, 2017, there were no loans acquired with deteriorated credit quality.


(2)	Recorded investment reflects the carrying value gross of related allowance.

B-30

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The following tables set forth certain key credit quality indicators for commercial mortgage and agricultural property loans based upon the recorded investment gross of allowance for credit losses, as of the dates indicated:



	December 31, 2018
	Debt Service Coverage Ratio
	> 1.2X		1.0X to <1.2X		< 1.0X		Total
	(in thousands)
Loan-to-Value Ratio:
0%-59.99%	$	88,427	$	1,210	$	0	$	89,637
60%-69.99%	19,975		5,513		0		25,488
70%-79.99%	2,102		1,560		0		3,662
80% or greater	0		0		0		0
Total commercial mortgage and agricultural property loans	$	110,504	$	8,283	$	0	$	118,787



	December 31, 2017
	Debt Service Coverage Ratio
	> 1.2X		1.0X to <1.2X		< 1.0X		Total
	(in thousands)
Loan-to-Value Ratio:
0%-59.99%	$	83,304	$	0	$	0	$	83,304
60%-69.99%	27,727		3,155		2,009		32,891
70%-79.99%	0		5,781		0		5,781
80% or greater	0		0		0		0
Total commercial mortgage and agricultural property loans	$	111,031	$	8,936	$	2,009	$	121,976

The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated:



	December 31, 2018
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due(1)		Total Loans		Non-Accrual Status(2)
	(in thousands)
Commercial mortgage loans	$	113,819	$	0	$	0	$	0	$	113,819	$	0
Agricultural property loans	4,968		0		0		0		4,968		0
Total	$	118,787	$	0	$	0	$	0	$	118,787	$	0


(1)	As of December 31, 2018, there were no loans in this category accruing interest.


(2)	For additional information regarding the Company's policies for accruing interest on loans, see Note 2.

B-31

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	December 31, 2017
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due(1)		Total Loans		Non-Accrual Status(2)
	(in thousands)
Commercial mortgage loans	$	116,664	$	0	$	0	$	0	$	116,664	$	0
Agricultural property loans	5,312		0		0		0		5,312		0
Total	$	121,976	$	0	$	0	$	0	$	121,976	$	0


(1)	As of December 31, 2017, there were no loans in this category accruing interest.


(2)	For additional information regarding the Company's policies for accruing interest on loans, see Note 2.

For the years ended December 31, 2018 and 2017, there were no commercial mortgage or other loans acquired, other than those through direct origination. For the year ended December 31, 2018, there were no commercial mortgage and other loans sold. For the year ended December 31, 2017, there were $42 million of commercial mortgage and other loans sold.

Other Invested Assets

The following table sets forth the composition of “Other invested assets,” as of the dates indicated:



	December 31,
	2018		2017
	(in thousands)
Company's investment in separate accounts	$	3,008	$	2,726
LPs/LLCs:
Equity method:
Private equity	15,081		12,350
Hedge funds	28,266		28,167
Real estate-related	1,385		1,112
Subtotal equity method	44,732		41,629
Fair value:
Private equity	920		1,141
Hedge funds	105		121
Real estate-related	1,856		1,186
Subtotal fair value(1)	2,881		2,448
Total LPs/LLCs	47,613		44,077
Derivative instruments	7,792		0
Total other invested assets(2)	$	58,413	$	46,803


(1)	As of December 31, 2017, $2.3 million was accounted for using the cost method.


(2)	Prior period amounts have been reclassified to conform to current period presentation. For additional information, see Note 2.

As of both December 31, 2018 and 2017, the Company had no significant equity method investments.

B-32

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Net Investment Income

The following table sets forth “Net investment income” by investment type, for the periods indicated:



	Years Ended December 31,
	2018			2017			2016
	(in thousands)
Fixed maturities, available-for-sale	$	52,235		$	48,232		$	47,671
Fixed maturities, trading	322			306			372
Equity securities, at fair value	364			363			393
Commercial mortgage and other loans	5,006			6,088			8,325
Policy loans	11,071			10,618			10,482
Short-term investments and cash equivalents	655			457			606
Other invested assets	1,869			4,224			7,698
Gross investment income	71,522			70,288			75,547
Less: investment expenses	(3,711		)	(3,637		)	(3,522		)
Net investment income(1)	$	67,811		$	66,651		$	72,025


(1)	Prior period amounts have been reclassified to conform to current period presentation.

The carrying value of non-income producing assets included less than $1 million in available-for-sale fixed maturities, as of December 31, 2018. Non-income producing assets represent investments that had not produced income for the twelve months preceding December 31, 2018.

B-33

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Realized Investment Gains (Losses), Net

The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated:



	Years Ended December 31,
	2018			2017			2016
	(in thousands)
Fixed maturities(1)	$	(172	)	$	(981	)	$	(1,370	)
Equity securities(2)	0			(1		)	(954		)
Commercial mortgage and other loans	29			29			219
LPs/LLCs	49			16			178
Derivatives	(9,178		)	(13,098		)	90,352
Short-term investments and cash equivalents	(1		)	(3		)	3
Realized investment gains (losses), net	$	(9,273	)	$	(14,038	)	$	88,428


(1)	Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading.


(2)	Effective January 1, 2018, realized gains (losses) on equity securities are recorded within "Other income (loss)."

Net Unrealized Gains (Losses) on Investments within AOCI

The following table below sets forth net unrealized gains (losses) on investments, as of the dates indicated:



	December 31,
	2018			2017			2016
	(in thousands)
Fixed maturity securities, available-for-sale—with OTTI	$	143		$	162		$	147
Fixed maturity securities, available-for-sale—all other	(20,211		)	56,909			13,183
Equity securities, available-for-sale(1)	0			270			21
Derivatives designated as cash flow hedges (2)	1,793			(5,036		)	4,973
Affiliated notes	509			682			846
Other investments	145			(288		)	(357		)
Net unrealized gains (losses) on investments	$	(17,621	)	$	52,699		$	18,813


(1)	Effective January 1, 2018, unrealized gains (losses) on equity securities are recorded within “Other income (loss).”


(2)	For more information on cash flow hedges, see Note 4.

Repurchase Agreements and Securities Lending

In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. As of both December 31, 2018 and 2017, the Company had no repurchase agreements.

B-34

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated:



	December 31, 2018						December 31, 2017
	Remaining Contractual Maturities of the Agreements						Remaining Contractual Maturities of the Agreements
	Overnight & Continuous		Up to 30 Days		Total		Overnight & Continuous		Up to 30 Days		Total
	(in thousands)
U.S. Treasury securities and obligations of U.S. government authorities and agencies	$	0	$	0	$	0	$	0	$	10,310	$	10,310
Foreign government bonds	0		0		0		4,420		0		4,420
U.S. public corporate securities	437		0		437		0		0		0
Foreign public corporate securities	2,265		0		2,265		478		0		478
Total cash collateral for loaned securities(1)	$	2,702	$	0	$	2,702	$	4,898	$	10,310	$	15,208


(1)	The Company did not have agreements with remaining contractual maturities of thirty days or greater, as of the dates indicated.

Securities Pledged, Restricted Assets and Special Deposits

The Company pledges as collateral investment securities it owns to unaffiliated parties through certain transactions, including securities lending, securities sold under agreements to repurchase, collateralized borrowings and postings of collateral with derivative counterparties. The following table sets forth the carrying value of investments pledged to third parties and the carrying amount of the associated liabilities supported by the pledged collateral, as of the dates indicated:



	December 31,
	2018		2017
	(in thousands)
Pledged collateral:
Fixed maturity securities, available-for-sale	$	2,640	$	14,616
Total securities pledged	$	2,640	$	14,616
Liabilities supported by the pledged collateral:
Cash collateral for loaned securities	$	2,702	$	15,208
Total liabilities supported by the pledged collateral	$	2,702	$	15,208

In the normal course of its business activities, the Company accepts collateral that can be sold or repledged. The primary sources of this collateral are securities purchased under agreements to resell. As of December 31, 2018 and 2017, the fair value of this collateral was $10 million and $43 million, respectively, none of which had either been sold or repledged.

As of December 31, 2018 and 2017, there were fixed maturities of $0.5 million and $0.5 million, respectively, on deposit with governmental authorities or trustees as required by certain insurance laws.

4. DERIVATIVE INSTRUMENTS

Types of Derivative Instruments and Derivative Strategies

Interest Rate Contracts

Interest rate swaps are used by the Company to reduce risks from changes in interest rates, manage interest rate exposures arising from mismatches between assets and liabilities and to hedge against changes in their values it owns or anticipates acquiring or selling.

Swaps may be attributed to specific assets or liabilities or to a portfolio of assets or liabilities. Under interest rate swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed upon notional principal amount.

B-35

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Equity Contracts

Equity options are used by the Company to manage its exposure to the equity markets which impacts the value of assets and liabilities it owns or anticipates acquiring or selling.

Equity index options are contracts which will settle in cash based on differentials in the underlying indices at the time of exercise and the strike price. The Company uses combinations of purchases and sales of equity index options to hedge the effects of adverse changes in equity indices within a predetermined range.

Foreign Exchange Contracts

Currency derivatives, including currency swaps and forwards, are used by the Company to reduce risks from changes in currency exchange rates with respect to investments denominated in foreign currencies that the Company either holds or intends to acquire or sell.

Under currency forwards, the Company agrees with counterparties to deliver a specified amount of an identified currency at a specified future date. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at the specified future date. The Company executes forward sales of the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these forwards correspond with the future periods in which the non-U.S. dollar-denominated earnings are expected to be generated.

Under currency swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between one currency and another at an exchange rate and calculated by reference to an agreed principal amount. Generally, the principal amount of each currency is exchanged at the beginning and termination of the currency swap by each party.

Credit Contracts

The Company writes credit protection to gain exposure similar to investment in public fixed maturity cash instruments. With these credit derivatives the Company sells credit protection on a single name reference, or certain index reference, and in return receives a quarterly premium. This premium or credit spread generally corresponds to the difference between the yield on the referenced names (or an index’s referenced names) public fixed maturity cash instruments and swap rates, at the time the agreement is executed. If there is an event of default by the referenced name or one of the referenced names in the index, as defined by the agreement, then the Company is obligated to pay the referenced amount of the contract to the counterparty and receive in return the referenced defaulted security or similar security or (in the case of a credit default index) pay the referenced amount less the auction recovery rate.

In addition to selling credit protection, the Company purchases credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio.

Embedded Derivatives

The Company sells certain products (for example, variable annuities), which may include guaranteed benefit features that are accounted for as embedded derivatives. Related to these derivatives, the Company has entered into reinsurance agreements (previously reinsured to Pruco Re and Pruco Life) with an affiliate, Prudential Insurance, effective April 1, 2016. See Note 1 for additional information on the reinsurance agreements.

These embedded derivatives and reinsurance agreements, also accounted for as derivatives, are carried at fair value and marked to market through “Realized investment gains (losses), net” based on the change in value of the underlying contractual guarantees, which are determined using valuation models, as described in Note 5.

B-36

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Primary Risks Managed by Derivatives

The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the gross fair value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral, and NPR.



	December 31, 2018							December 31, 2017
			Gross Fair Value							Gross Fair Value
Primary Underlying	Notional		Assets		Liabilities			Notional		Assets		Liabilities
	(in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Foreign Currency Swaps	$	119,611	$	3,787	$	(2,271	)	$	110,240	$	1,320	$	(6,869	)
Total Qualifying Hedges	$	119,611	$	3,787	$	(2,271	)	$	110,240	$	1,320	$	(6,869	)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps	$	59,075	$	2,360	$	0		$	59,075	$	3,766	$	0
Credit
Credit Default Swaps	756		0		(9		)	1,594		0		(96		)
Currency/Interest Rate
Foreign Currency Swaps	16,815		2,364		(111		)	22,237		1,748		(674		)
Foreign Currency
Foreign Currency Forwards	1,460		21		0			1,888		0		(52		)
Equity
Equity Options	281,400		2,616		(749		)	152,800		8,125		(2,813		)
Total Non-Qualifying Hedges	$	359,506	$	7,361	$	(869	)	$	237,594	$	13,639	$	(3,635	)
Total Derivatives (1)	$	479,117	$	11,148	$	(3,140	)	$	347,834	$	14,959	$	(10,504	)


(1)	Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks.

The fair value of the embedded derivatives, included in "Future policy benefits," was a net liability of $489 million and $472 million as of December 31, 2018 and 2017, respectively. The fair value of the related reinsurance recoverables included in "Reinsurance recoverables" was an asset of $489 million and $472 million as of December 31, 2018 and 2017, respectively. See Note 9 for additional information on these reinsurance agreements.

The fair value of the embedded derivatives, included in "Policyholders' account balances," was a net liability of $2 million and $5 million as of December 31, 2018 and December 31, 2017, respectively. There were no related reinsurance recoverables at each respective period.

B-37

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Offsetting Assets and Liabilities

The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements, that are offset in the Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Statements of Financial Position.



	December 31, 2018
	Gross Amounts of Recognized Financial Instruments		Gross Amounts Offset in the Statement of Financial Position			Net Amounts Presented in the Statement of Financial Position		Financial Instruments/ Collateral(1)			Net Amount
	(in thousands)
Offsetting of Financial Assets:
Derivatives(1)	$	11,148	$	(3,355	)	$	7,793	$	(7,307	)	$	486
Securities purchased under agreements to resell	10,000		0			10,000		(10,000		)	0
Total Assets	$	21,148	$	(3,355	)	$	17,793	$	(17,307	)	$	486
Offsetting of Financial Liabilities:
Derivatives(1)	$	3,140	$	(3,140	)	$	0	$	0		$	0
Securities sold under agreements to repurchase	0		0			0		0			0
Total Liabilities	$	3,140	$	(3,140	)	$	0	$	0		$	0



	December 31, 2017
	Gross Amounts of Recognized Financial Instruments		Gross Amounts Offset in the Consolidated Statement of Financial Position			Net Amounts Presented in the Consolidated Statement of Financial Position		Financial Instruments/ Collateral(1)			Net Amount
	(in thousands)
Offsetting of Financial Assets:
Derivatives(1)	$	14,959	$	(14,959	)	$	0				$	0
Securities purchased under agreements to resell	43,000		0			43,000		(43,000		)	0
Total Assets	$	57,959	$	(14,959	)	$	43,000	$	(43,000	)	$	0
Offsetting of Financial Liabilities:
Derivatives(1)	$	10,504	$	(9,941	)	$	563	$	0		$	563
Securities sold under agreements to repurchase	0		0			0		0			0
Total Liabilities	$	10,504	$	(9,941	)	$	563	$	0		$	563


(1)	Amounts exclude the excess of collateral received/pledged from/to the counterparty.

For information regarding the rights of offset associated with the derivative assets and liabilities in the table above see “Credit Risk” below and Note 13. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information on the Company’s accounting policy for securities repurchase and resale agreements, see Note 2 to the Financial Statements.

B-38

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Cash Flow Hedges

The primary derivative instruments used by the Company in its cash flow hedge accounting relationships are currency swaps. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, equity or embedded derivatives in any of its cash flow hedge accounting relationships.

The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship.



	Year Ended December 31, 2018
	Realized Investment Gains (Losses)			Net Investment Income		Other Income		AOCI(1)
	(in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Currency/Interest Rate	$	0		$	1,360	$	638	$	6,829
Total qualifying hedges	0			1,360		638		6,829
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate	(583		)	0		0		0
Currency	98			0		0		0
Currency/Interest Rate	1,377			0		13		0
Credit	(2		)	0		0		0
Equity	(3,793		)	0		0		0
Embedded Derivatives	(6,275		)	0		0		0
Total non-qualifying hedges	(9,178		)	0		13		0
Total	$	(9,178	)	$	1,360	$	651	$	6,829



	Year Ended December 31, 2017
	Realized Investment Gains (Losses)			Net Investment Income		Other Income			AOCI(1)
	(in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Currency/Interest Rate	$	0		$	814	$	(873	)	$	(10,009	)
Total cash flow hedges	0			814		(873		)	(10,009		)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate	124			0		0			0
Currency	(106		)	0		0			0
Currency/Interest Rate	(1,833		)	0		(20		)	0
Credit	(46		)	0		0			0
Equity	3,497			0		0			0
Embedded Derivatives	(14,734		)	0		0			0
Total non-qualifying hedges	(13,098		)	0		(20		)	0
Total	$	(13,098	)	$	814	$	(893	)	$	(10,009	)

B-39

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	Year Ended December 31, 2016
	Realized Investment Gains (Losses)			Net Investment Income		Other Income		AOCI(1)
	(in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Currency/Interest Rate	$	0		$	258	$	554	$	(678	)
Total cash flow hedges	0			258		554		(678		)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate	571			0		0		0
Currency	234			0		0		0
Currency/Interest Rate	2,028			0		17		0
Credit	(535		)	0		0		0
Equity	786			0		0		0
Embedded Derivatives	87,268			0		0		0
Total non-qualifying hedges	90,352			0		17		0
Total	$	90,352		$	258	$	571	$	(678	)


(1)	Amounts deferred in AOCI.

For the years ended December 31, 2018, 2017 and 2016, the ineffective portion of derivatives accounted for using hedge accounting was de minimis to the Company’s results of operations. Also, there were no material amounts reclassified into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging.

Presented below is a rollforward of current period cash flow hedges in AOCI before taxes:



	(in thousands)
Balance, December 31, 2015	$	5,651
Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2016	1,534
Amount reclassified into current period earnings	(2,212		)
Balance, December 31, 2016	4,973
Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2017	(10,136		)
Amount reclassified into current period earnings	127
Balance, December 31, 2017	(5,036		)
Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2018	8,522
Amount reclassified into current period earnings	(1,693		)
Balance, December 31, 2018	$	1,793

The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Statements of Operations and Comprehensive Income (Loss); these amounts are then reclassified to earnings when the hedged item affects earnings. Using December 31, 2018 values, it is estimated that a pre-tax gain of $1.5 million will be reclassified from AOCI to earnings during the subsequent twelve months ending December 31, 2019, offset by amounts pertaining to the hedged items.

The exposures the Company is hedging with these qualifying cash flow hedges include the variability of the payment or receipt of interest or foreign currency amounts on existing financial instruments.

B-40

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Credit Derivatives

The Company has no exposure from credit derivative positions where it has written credit protection as of December 31, 2018 and 2017.

The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. The Company has outstanding notional amounts of $1 million and $2 million reported at fair value as a liability of $0 million and $0.1 million as of December 31, 2018 and 2017, respectively.

Credit Risk

The Company is exposed to credit-related losses in the event of non-performance by counterparty to financial derivative transactions with a positive fair value. The Company manages credit risk by entering into derivative transactions with its affiliate, Prudential Global Funding LLC (“PGF”), related to its OTC derivatives. PGF, in turn, manages its credit risk by: (i) entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties governed by master netting agreement as applicable; (ii) trading through central clearing and OTC parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review.

Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position.

5. FAIR VALUE OF ASSETS AND LIABILITIES

Fair Value Measurement – 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 that are accessible to the Company for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include certain cash equivalents.

Level 2 - Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. The Company’s Level 2 assets and liabilities include: fixed maturities (corporate public and private bonds, most government securities, certain asset-backed and mortgage-backed securities, etc.), certain equity securities (mutual funds, which do not trade in active markets because they are not publicly available), certain cash equivalents, and certain OTC derivatives.

Level 3 - Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. The Company’s Level 3 assets and liabilities primarily include: certain private fixed maturities and equity securities, certain manually priced public fixed maturities, certain highly structured OTC derivative contracts and embedded derivatives resulting from reinsurance or certain products with guaranteed benefits.

B-41

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Assets and Liabilities by Hierarchy Level – The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated.



	As of December 31, 2018
	Level 1		Level 2		Level 3		Netting(1)			Total
	(in thousands)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government authorities and agencies	$	0	$	16,328	$	0	$	0		$	16,328
Obligations of U.S. states and their political subdivisions	0		122,306		0		0			122,306
Foreign government bonds	0		65,294		0		0			65,294
U.S. corporate public securities	0		480,725		0		0			480,725
U.S. corporate private securities	0		224,278		2,088		0			226,366
Foreign corporate public securities	0		48,215		0		0			48,215
Foreign corporate private securities	0		143,969		794		0			144,763
Asset-backed securities(2)	0		23,351		0		0			23,351
Commercial mortgage-backed securities	0		145,206		0		0			145,206
Residential mortgage-backed securities	0		5,270		0		0			5,270
Subtotal	0		1,274,942		2,882		0			1,277,824
Fixed maturities, trading	0		5,770		0		0			5,770
Equity securities	0		3,248		6,622		0			9,870
Cash equivalents	19,972		39,946		0		0			59,918
Other invested assets(3)	0		11,148		0		(3,355		)	7,793
Reinsurance recoverables	0		0		488,825		0			488,825
Receivables from parent and affiliates	0		8,824		0		0			8,824
Subtotal excluding separate account assets	19,972		1,343,878		498,329		(3,355		)	1,858,824
Separate account assets(4)(5)	0		11,648,322		0		0			11,648,322
Total assets	$	19,972	$	12,992,200	$	498,329	$	(3,355	)	$	13,507,146
Future policy benefits(6)	$	0	$	0	$	488,825	$	0		$	488,825
Policyholders' account balances	0		0		1,949		0			1,949
Payables to parent and affiliates	0		3,140		0		(3,140		)	0
Total liabilities	$	0	$	3,140	$	490,774	$	(3,140	)	$	490,774

B-42

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	As of December 31, 2017
	Level 1		Level 2		Level 3		Netting(1)			Total
	(in thousands)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government authorities and agencies	$	0	$	19,296	$	0	$	0		$	19,296
Obligations of U.S. states and their political subdivisions	0		127,868		0		0			127,868
Foreign government bonds	0		29,705		0		0			29,705
U.S. corporate public securities	0		497,522		0		0			497,522
U.S. corporate private securities	0		228,219		13,871		0			242,090
Foreign corporate public securities	0		37,681		0		0			37,681
Foreign corporate private securities	0		149,063		645		0			149,708
Asset-backed securities(2)	0		16,239		11,575		0			27,814
Commercial mortgage-backed securities	0		119,527		0		0			119,527
Residential mortgage-backed securities	0		10,026		0		0			10,026
Subtotal	0		1,235,146		26,091		0			1,261,237
Fixed maturities, trading(7)	0		6,643		0		0			6,643
Equity securities(7)	0		3,414		7,428		0			10,842
Cash equivalents	0		0		0		0			0
Other invested assets(3)(7)	0		14,959		0		(14,959		)	0
Reinsurance recoverables	0		0		472,157		0			472,157
Receivables from parent and affiliates	0		9,377		0		0			9,377
Subtotal excluding separate account assets	0		1,269,539		505,676		(14,959		)	1,760,256
Separate account assets(4)(5)	0		12,454,118		0		0			12,454,118
Total assets	$	0	$	13,723,657	$	505,676	$	(14,959	)	$	14,214,374
Future policy benefits(6)	$	0	$	0	$	472,157	$	0		$	472,157
Policyholders' account balances	0		0		5,463		0			5,463
Payables to parent and affiliates	0		10,504		0		(9,941		)	563
Total liabilities	$	0	$	10,504	$	477,620	$	(9,941	)	$	478,183


(1)	“Netting” amounts represent cash collateral of $0.2 million and $5.0 million as of December 31, 2018 and 2017, respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements.


(2)	Includes credit tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types.


(3)	Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value ("NAV") per share (or its equivalent) as a practical expedient. At December 31, 2018 and 2017, the fair values of such investments were $2.9 million and $0.7 million, respectively.

(4)

Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Statements of Financial Position.

(5)

Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and a corporate owned life insurance fund, for which fair value is measured at NAV per share (or its equivalent). At December 31, 2018 and 2017, the fair value of such investments was $1,734 million and $1,791 million respectively.

(6)

As of December 31, 2018, the net embedded derivative liability position of $489 million includes $60 million of embedded derivatives in an asset position and $549 million of embedded derivatives in a liability position. As of December 31, 2017, the net embedded derivative liability position of $472 million includes $77 million of embedded derivatives in an asset position and $549 million of embedded derivatives in a liability position.


(7)	Prior period amounts have been reclassified to conform to current period presentation. See Note 2 for details.

B-43

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below.

Fixed Maturity Securities – The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type. The pricing hierarchy is updated for new financial products and recent pricing experience with various vendors. Consistent with the fair value hierarchy described above, securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Typical inputs used by these pricing services include but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers, and/or estimated cash flow, prepayment speeds, and default rates. If the pricing information received from third-party pricing services is deemed not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service or classify the securities as Level 3. If the pricing service updates the price to be more consistent with the presented market observations, the security remains within Level 2.

Internally-developed valuations or indicative broker quotes are also used to determine fair value in circumstances where vendor pricing is not available, or where the Company ultimately concludes that pricing information received from the independent pricing services is not reflective of market activity. If the Company concludes the values from both pricing services and brokers are not reflective of market activity, it may override the information with an internally-developed valuation. As of December 31, 2018 and 2017, overrides on a net basis were not material. Pricing service overrides, internally-developed valuations and indicative broker quotes are generally included in Level 3 in the fair value hierarchy.

The Company conducts several specific price monitoring activities. Daily analyses identify price changes over predetermined thresholds defined at the financial instrument level. Various pricing integrity reports are reviewed on a daily and monthly basis to determine if pricing is reflective of market activity or if it would warrant any adjustments. Other procedures performed include, but are not limited to, reviews of third-party pricing services methodologies, reviews of pricing trends, and back testing.

The fair values of private fixed maturities, which are originated by internal private asset managers, are primarily determined using discounted cash flow models. These models primarily use observable inputs that include Treasury or similar base rates plus estimated credit spreads to value each security. The credit spreads are obtained through a survey of private market intermediaries who are active in both primary and secondary transactions, and consider, among other factors, the credit quality and the reduced liquidity associated with private placements. Internal adjustments are made to reflect variation in observed sector spreads. Since most private placements are valued using standard market observable inputs and inputs derived from, or corroborated by, market observable data including, but not limited to observed prices and spreads for similar publicly or privately traded issues, they have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may incorporate significant unobservable inputs, which reflect the Company’s own assumptions about the inputs that market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the price of a security, a Level 3 classification is made.

Equity Securities – Equity securities consist principally of investments in common and preferred stock of publicly traded companies, privately traded securities, as well as mutual fund shares. The fair values of most publicly traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for most privately traded equity securities are determined using discounted cash flow, earnings multiple and other valuation models that require a substantial level of judgment around inputs and therefore are classified within Level 3. The fair values of mutual fund shares that transact regularly (but do not trade in active markets because they are not publicly available) are based on transaction prices of identical fund shares and are classified within Level 2 in the fair value hierarchy.

Derivative Instruments – Derivatives are recorded at fair value either as assets within “Other invested assets”, or as liabilities within “Payables to parent and affiliates”, except for embedded derivatives which are recorded with the associated host contract. The fair values of derivative contracts can be affected by changes in interest rates, foreign exchange rates, credit spreads, market volatility, expected returns, NPR, liquidity and other factors.

The Company's exchange-traded futures and options include treasury and equity futures. Exchange-traded futures and options are valued using quoted prices in active markets and are classified within Level 1 in the fair value hierarchy.

B-44

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The majority of the Company’s derivative positions are traded in the OTC derivative market and are classified within Level 2 in the fair value hierarchy. OTC derivatives classified within Level 2 are valued using models that utilize actively quoted or observable market input values from external market data providers, third-party pricing vendors and/or recent trading activity. The Company’s policy is to use mid-market pricing in determining its best estimate of fair value. The fair values of most OTC derivatives, including interest rate and cross-currency swaps, currency forward contracts and single name credit default swaps are determined using discounted cash flow models. The fair values of European style option contracts are determined using Black-Scholes option pricing models. These models’ key inputs include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, currency rates, credit spreads, equity prices, index dividend yields, NPR, volatility and other factors.

The Company’s cleared interest rate swaps and credit derivatives linked to an index are valued using models that utilize actively quoted or observable market inputs, including Overnight Indexed Swap discount rates, obtained from external market data providers, third-party pricing vendors and/or recent trading activity. These derivatives are classified as Level 2 in the fair value hierarchy.

Cash Equivalents and Short-Term Investments – Cash equivalents and short-term investments include money market instruments and other highly liquid debt instruments. Certain money market instruments are valued using unadjusted quoted prices in active markets that are accessible for identical assets and are primarily classified as Level 1. The remaining instruments in this category are generally fair valued based on market observable inputs, and these investments have primarily been classified within Level 2.

Separate Account Assets – Separate account assets include fixed maturity securities, treasuries, equity securities, real estate, mutual funds, and commercial mortgage loans for which values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and “Equity Securities”.

Receivables from Parent and Affiliates – Receivables from parent and affiliates carried at fair value include affiliated bonds within the Company’s legal entity where fair value is determined consistent with similar securities described above under “Fixed Maturity Securities” managed by affiliated asset managers.

Reinsurance Recoverables – Reinsurance recoverables carried at fair value include the reinsurance of the Company’s living benefit guarantees on certain variable annuity contracts. These guarantees are accounted for as embedded derivatives and are recorded in “Reinsurance recoverables” or “Other liabilities” when fair value is in an asset or liability position, respectively. The methods and assumptions used to estimate the fair value are consistent with those described below in “Future policy benefits”. The reinsurance agreements covering these guarantees are derivatives with fair value determined in the same manner as the living benefit guarantee.

Future Policy Benefits – The liability for future policy benefits is related to guarantees primarily associated with the living benefit features of certain variable annuity contracts, including guaranteed minimum accumulation benefits ("GMAB"), guaranteed withdrawal benefits ("GMWB") and guaranteed minimum income and withdrawal benefits ("GMIWB"), accounted for as embedded derivatives. The fair values of these liabilities are calculated as the present value of future expected benefit payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. This methodology could result in either a liability or contra-liability balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management's judgment.

The significant inputs to the valuation models for these embedded derivatives include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior, such as lapse rates, benefit utilization rates, withdrawal rates and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 in the fair value hierarchy.

Capital market inputs and actual policyholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the policyholders’ account values. The Company’s discount rate assumption is based on the London Inter-Bank Offered Rate ("LIBOR") swap curve adjusted for an additional spread relative to LIBOR to reflect NPR.

Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually, and updated based upon emerging experience, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long-term trend is observed in an interim period.

B-45

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Policyholders' Account Balances – The liability for policyholders' account balances is related to certain embedded derivative instruments associated with certain policyholders' account balances. The fair values are determined consistent with similar derivative instruments described under "Derivative Instruments".

Quantitative Information Regarding Internally-Priced Level 3 Assets and Liabilities – The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities.



	As of December 31, 2018
	Fair Value		Valuation Techniques	Unobservable Inputs	Minimum		Maximum		Weighted Average		Impact of Increase in Input on Fair Value(1)
	(in thousands)
Assets:
Corporate securities(2)	$	2,882	Discounted cash flow	Discount rate	7.00	%	16.33	%	9.93	%	Decrease
Reinsurance recoverables	$	488,825	Fair values are determined using the same unobservable inputs as future policy benefits.
Liabilities:
Future policy benefits(3)	$	488,825	Discounted cash flow	Lapse rate(4)	1	%	13	%			Decrease
				Spread over LIBOR(5)	0.36	%	1.60	%			Decrease
				Utilization rate(6)	50	%	97	%			Increase
				Withdrawal rate	See table footnote (7) below.
				Mortality rate(8)	0	%	15	%			Decrease
				Equity volatility curve	18	%	22	%			Increase

	As of December 31, 2017
	Fair Value		Valuation Techniques	Unobservable Inputs	Minimum		Maximum		Weighted Average		Impact of Increase in Input on Fair Value(1)
	(in thousands)
Assets:
Corporate securities(2)	$	14,516	Discounted cash flow	Discount rate	5.06	%	22.23	%	7.53	%	Decrease
Reinsurance recoverables	$	472,157	Fair values are determined using the same unobservable inputs as future policy benefits.
Liabilities:
Future policy benefits(3)	$	472,157	Discounted cash flow	Lapse rate(4)	1	%	12	%			Decrease
				Spread over LIBOR(5)	0.12	%	1.10	%			Decrease
				Utilization rate(6)	52	%	97	%			Increase
				Withdrawal rate	See table footnote (7) below.
				Mortality rate(8)	0	%	14	%			Decrease
				Equity volatility curve	13	%	24	%			Increase


(1)	Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table.


(2)	Includes assets classified as fixed maturities available-for-sale.

B-46

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

(3)

Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation.


(4)	Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply.

(5)

The spread over the LIBOR swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect our estimates of rates that a market participant would use to value the living benefit contracts in both the accumulation and payout phases. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because both funding agreements and living benefit contracts are insurance liabilities and are therefore senior to debt.

(6)

The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits.

(7)

The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of December 31, 2018 and 2017, the minimum withdrawal rate assumption is 78% and the maximum withdrawal assumption rate may be greater than 100%. The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%.

(8)

Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 50 to 90 years old. While the majority of living benefits have a minimum age requirement, certain benefits do not have an age restriction. This results in contractholders for certain benefits with mortality rates approaching 0%. Based on historical experience, the Company applies a set of age and duration specific mortality rate adjustments compared to standard industry tables. A mortality improvement assumption is also incorporated into the overall mortality table.

Interrelationships Between Unobservable Inputs – In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another, or multiple, inputs. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows:

Corporate Securities – The rate used to discount future cash flows reflects current risk-free rates plus credit and liquidity spread requirements that market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors.

Future Policy Benefits – The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is generally highly dependent on the facts and circumstances surrounding the individual contractholder, such as their liquidity needs or tax situation, which could drive lapse behavior independent of other contractholder behavior assumptions. To the extent more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money.

Changes in Level 3 Assets and Liabilities – The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. During the second quarter of 2018, $5 million of investments in collateralized loan obligations (“CLOs”) reported as “Asset-backed securities” were transferred from Level 3 to Level 2 as market activity, liquidity and overall observability of valuation inputs of CLOs have increased.

B-47

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	Year Ended December 31, 2018
	Fair Value, beginning of period			Total realized and unrealized gains (losses)(1)			Purchases		Sales			Issuances			Settlements			Other		Transfers into Level 3		Transfers out of Level 3			Fair Value, end of period			Unrealized gains (losses) for assets still held(2)
	(in thousands)
Fixed maturities, available-for-sale:
Corporate securities(3)	$	14,516		$	(2,881	)	$	555	$	(45	)	$	0		$	(9,263	)	$	0	$	0	$	0		$	2,882		$	0
Structured securities(4)	11,575			(28		)	9,797		(196		)	0			(2,693		)	0		196		(18,651		)	0			0
Other assets:
Equity securities	7,428			(806		)	0		0			0			0			0		0		0			6,622			(806		)
Reinsurance recoverables	472,157			(70,180		)	86,848		0			0			0			0		0		0			488,825			(54,376		)
Receivables from parent and affiliates	0			(18		)	0		0			0			0			0		6,047		(6,029		)	0			0
Liabilities:
Future policy benefits	(472,157		)	70,180			0		0			(86,848		)	0			0		0		0			(488,825		)	54,376
Policyholders' account balances	(5,463		)	3,567			0		0			0			(53		)	0		0		0			(1,949		)	3,567

B-48

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	Year Ended December 31, 2018
	Total realized and unrealized gains (losses)											Unrealized gains (losses) for assets still held(2)
	Realized investment gains (losses), net(1)			Other income (loss)			Included in other comprehensive income (loss)			Net investment income		Realized investment gains (losses), net			Other income (loss)
	(in thousands)
Fixed maturities, available-for-sale	$	160		$	0		$	(3,222	)	$	153	$	0		$	0
Other assets:
Equity securities	0			(806		)	0			0		0			(806		)
Reinsurance recoverables	(70,180		)	0			0			0		(54,376		)	0
Receivables from parent and affiliates	0			0			(18		)	0		0			0
Liabilities:
Future policy benefits	70,180			0			0			0		54,376			0
Policyholders' account balances	3,567			0			0			0		3,567			0



	Year Ended December 31, 2017(6)
	Fair Value, beginning of period			Total realized and unrealized gains (losses)(1)			Purchases		Sales			Issuances			Settlements			Other			Transfers into Level 3		Transfers out of Level 3			Fair Value, end of period			Unrealized gains (losses) for assets still held(2)
	(in thousands)
Fixed maturities, available-for-sale:
Corporate securities(3)	$	15,489		$	202		$	1,483	$	(767	)	$	0		$	(202	)	$	(10	)	$	521	$	(2,200	)	$	14,516		$	(62	)
Structured securities(4)	2,328			49			5,543		0			0			(9,010		)	0			16,657		(3,992		)	11,575			0
Other assets:
Equity securities(5)	6,721			696			0		0			0			0			11			0		0			7,428			696
Reinsurance recoverables	434,713			(44,680		)	82,124		0			0			0			0			0		0			472,157			(31,829		)
Receivables from parent and affiliates	5,993			0			0		0			0			0			0			0		(5,993		)	0			0
Liabilities:
Future policy benefits	(434,713		)	44,680			0		0			(82,124		)	0			0			0		0			(472,157		)	31,829
Policyholders' account balances	(2,298		)	(3,421		)	0		0			0			256			0			0		0			(5,463		)	(3,421		)

B-49

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)



	Year Ended December 31, 2017(6)
	Total realized and unrealized gains (losses)									Unrealized gains (losses) for assets still held(2)
	Realized investment gains (losses), net(1)			Other income (loss)		Included in other comprehensive income (loss)		Net investment income		Realized investment gains (losses), net			Other income (loss)
	(in thousands)
Fixed maturities, available-for-sale	$	5		$	0	$	81	$	165	$	(62	)	$	0
Other assets:
Equity securities(5)	0			696		0		0		0			696
Reinsurance recoverables	(44,680		)	0		0		0		(31,829		)	0
Receivables from parent and affiliates	0			0		0		0		0			0
Liabilities:
Future policy benefits	44,680			0		0		0		31,829			0
Policyholders' account balances	(3,421		)	0		0		0		(3,421		)	0

The following tables summarize the portion of changes in fair values of Level 3 assets and liabilities included in earnings and OCI for the year ended December 31, 2016, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held as of December 31, 2016.



	Year Ended December 31, 2016(6)
	Total realized and unrealized gains (losses)										Unrealized gains (losses) for assets still held(2)
	Realized investment gains (losses), net(1)			Other income (loss)			Included in other comprehensive income (loss)		Net investment income		Realized investment gains (losses), net			Other income (loss)
	(in thousands)
Fixed maturities, available-for-sale	$	38		$	0		$	321	$	27	$	0		$	0
Other assets:
Equity securities(5)	0			(503		)	0		0		0			(176		)
Reinsurance recoverables	7,541			0			0		0		723,728			0
Receivables from parent and affiliates	(130		)	0			105		0		0			0
Liabilities:
Future policy benefits	88,947			0			0		0		80,807			0
Policyholders' account balances	(890		)	0			0		0		(890		)	0


(1)	Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts.


(2)	Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts.


(3)	Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. Prior period amounts were aggregated to conform to current period presentation.


(4)	Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. Prior period amounts were aggregated to conform to current period presentation.


(5)	Prior period amounts have been reclassified to conform to current period presentation. See Note 2 for details.


(6)	Prior period amounts have been updated to conform to current period presentation.

B-50

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Fair Value of Financial Instruments

The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value.



	December 31, 2018(1)
	Fair Value								Carrying Amount(2)
	Level 1		Level 2		Level 3		Total		Total
	(in thousands)
Assets:
Commercial mortgage and other loans	$	0	$	0	$	119,659	$	119,659	$	118,636
Policy loans	0		0		206,448		206,448		206,448
Cash and cash equivalents	523		10,000		0		10,523		10,523
Accrued investment income	0		17,764		0		17,764		17,764
Receivables from parent and affiliates	0		31,564		0		31,564		31,564
Other assets	0		4,193		0		4,193		4,193
Total assets	$	523	$	63,521	$	326,107	$	390,151	$	389,128
Liabilities:
Policyholders’ account balances - investment contracts	$	0	$	179,239	$	40,349	$	219,588	$	220,553
Cash collateral for loaned securities	0		2,702		0		2,702		2,702
Payables to parent and affiliates	0		20,413		0		20,413		20,413
Other liabilities	0		58,357		0		58,357		58,357
Total liabilities	$	0	$	260,711	$	40,349	$	301,060	$	302,025



	December 31, 2017(1)
	Fair Value								Carrying Amount (2)
	Level 1		Level 2		Level 3		Total		Total
	(in thousands)
Assets:
Commercial mortgage and other loans	$	0	$	0	$	125,121	$	125,121	$	121,796
Policy loans	0		0		193,244		193,244		193,244
Cash and cash equivalents	1,618		43,000		0		44,618		44,618
Accrued investment income	0		16,580		0		16,580		16,580
Receivables from parent and affiliates	0		33,674		0		33,674		33,674
Other assets	0		5,768		0		5,768		5,768
Total assets	$	1,618	$	99,022	$	318,365	$	419,005	$	415,680
Liabilities:
Policyholders’ account balances - investment contracts	$	0	$	179,246	$	41,702	$	220,948	$	221,407
Cash collateral for loaned securities	0		15,208		0		15,208		15,208
Payables to parent and affiliates	0		21,673		0		21,673		21,673
Other liabilities	0		39,561		0		39,561		39,561
Total liabilities	$	0	$	255,688	$	41,702	$	297,390	$	297,849

B-51

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

(1)

The information presented as of December 31, 2017 , excludes certain hedge funds, private equity funds and other funds that were accounted for using the cost method and for which the fair value was measured at NAV per share (or its equivalent) as a practical expedient. The fair value and the carrying value of these cost method investments were $2.3 million and $2.6 million, respectively. Due to the adoption of ASU 2016-01 effective January 1, 2018, these assets are carried at fair value at each reporting date with changes in fair value reported in “Other income.” Therefore, as of December 31, 2018 , these assets are excluded from this table but are reported in the fair value recurring measurement table.


(2)	Carrying values presented herein differ from those in the Company’s Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments.

The fair values presented above have been determined by using available market information and by applying market valuation methodologies, as described in more detail below.

Commercial Mortgage and Other Loans

The fair value of most commercial mortgage loans is based upon the present value of the expected future cash flows discounted at the appropriate U.S. Treasury rate or foreign government bond rate (for non-U.S. dollar-denominated loans) plus an appropriate credit spread for loans of similar quality, average life, and currency. The quality ratings for these loans, a primary determinant of the credit spreads and a significant component of the pricing process, are based on an internally-developed methodology. Certain commercial mortgage loans are valued incorporating other factors, including the terms of the loans, the principal exit strategies for the loans, prevailing interest rates and credit risk.

Policy Loans

The Company's valuation technique for policy loans is to discount cash flows at the current policy loan coupon rate. Policy loans are fully collateralized by the cash surrender value of underlying insurance policies. As a result, the carrying value of the policy loans approximates the fair value.

Cash and Cash Equivalents, Accrued Investment Income, Receivables from Parent and Affiliates and Other Assets

The Company believes that due to the short-term nature of certain assets, the carrying value approximates fair value. These assets include: cash and cash equivalent instruments, accrued investment income, and other assets that meet the definition of financial instruments, including receivables, such as reinsurance recoverables, unsettled trades and accounts receivable.

Policyholders’ Account Balances - Investment Contracts

Only the portion of policyholders’ account balances related to products that are investment contracts (those without significant mortality or morbidity risk) are reflected in the table above. For fixed deferred annuities, payout annuities and other similar contracts without life contingencies, fair values are generally derived using discounted projected cash flows based on interest rates that are representative of the Company’s financial strength ratings, and hence reflect the Company’s own NPR. For those balances that can be withdrawn by the customer at any time without prior notice or penalty, the fair value is the amount estimated to be payable to the customer as of the reporting date, which is generally the carrying value.

Cash Collateral for Loaned Securities

Cash collateral for loaned securities represents the collateral received or paid in connection with loaning or borrowing securities. Due to the short-term nature of these transactions, the carrying value approximates fair value.

Other Liabilities and Payables to Parent and Affiliates

Other liabilities and payables to parent and affiliates are primarily payables, such as unsettled trades, drafts, escrow deposits and accrued expense payables. Due to the short term until settlement of most of these liabilities, the Company believes that carrying value approximates fair value.

B-52

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

6. DEFERRED POLICY ACQUISITION COSTS

The balances of and changes in DAC as of and for the years ended December 31, are as follows:



	2018			2017			2016
	(in thousands)
Balance, beginning of year	$	145,451		$	135,759		$	468,743
Capitalization of commissions, sales and issue expenses	30,742			24,599			29,954
Amortization- Impact of assumption and experience unlocking and true-ups	(6,328		)	(2,875		)	17,216
Amortization- All other	(9,644		)	(9,663		)	(64,443		)
Change in unrealized investment gains and losses	5,257			(2,369		)	(1,140		)
Other(1)	0			0			(314,571		)
Balance, end of year	$	165,478		$	145,451		$	135,759


(1)	Represents ceded DAC upon reinsurance agreement with Prudential Insurance in 2016. See Note 1 and Note 9 for additional information.

7. POLICYHOLDERS’ LIABILITIES

Future Policy Benefits

Future policy benefits at December 31 for the years indicated are as follows:



	2018		2017
	(in thousands)
Life insurance	$	1,299,165	$	1,204,698
Individual annuities and supplementary contracts	27,619		26,548
Other contract liabilities	493,308		475,938
Total future policy benefits	$	1,820,092	$	1,707,184

Life insurance liabilities include reserves for death benefits. Individual annuities and supplementary contract liabilities include reserves for life contingent immediate annuities. Other contract liabilities include unearned premiums and certain other reserves for annuities and individual life products.

Future policy benefits for individual non-participating traditional life insurance policies are generally equal to the present value of future benefit payments and related expenses, less the present value of future net premiums. Assumptions as to mortality, morbidity and persistency are based on the Company’s experience, industry data, and/or other factors, when the basis of the reserve is established. Interest rates used in the determination of the present values range from 2.3% to 7.0%.

Future policy benefits for individual annuities and supplementary contracts with life contingencies are generally equal to the present value of expected future payments. Assumptions as to mortality are based on the Company’s experience, industry data, and/or other factors when the basis of the reserve is established. The interest rates used in the determination of the present value range from 0.0% to 7.3%.

The Company’s liability for future policy benefits are primarily liabilities for guaranteed benefits related to certain long-duration life and annuity contracts. Liabilities for guaranteed benefits with embedded derivative features are primarily in "Other contract liabilities" in the above table. The remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract. The interest rates used in the determination of the present values range from 3.1% to 4.4%. See Note 8 for additional information regarding liabilities for guaranteed benefits related to certain long-duration contracts.

B-53

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Policyholders’ Account Balances

Policyholders’ account balances at December 31 for the years indicated are as follows:



	2018		2017
	(in thousands)
Interest-sensitive life contracts	$	1,767,831	$	1,572,432
Individual annuities	345,790		307,720
Guaranteed interest accounts	22,088		24,173
Other	179,249		179,257
Total policyholders’ account balances	$	2,314,958	$	2,083,582

Policyholders’ account balances represent an accumulation of account deposits plus credited interest less withdrawals, expenses and mortality charges, if applicable. These policyholders’ account balances also include provisions for benefits under non-life contingent payout annuities. Interest crediting rates for interest-sensitive life contracts range from 0.9% to 4.5%. Interest crediting rates for individual annuities range from 0.0% to 4.9%. Interest crediting rates for guaranteed interest accounts range from 1% to 4.8%. Interest crediting rates range from 0.5% to 3.5% for other.

8. CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES

The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder. The Company also issues variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (“return of net deposits”). In certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (“minimum return”), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (“contract value”). These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issued annuity contracts with market value adjusted investment options (“MVAs”), which provide for a return of principal plus a fixed rate of return if held to maturity, or, alternatively, a “market adjusted value” if surrendered prior to maturity or if funds are reallocated to other investment options. The market value adjustment may result in a gain or loss to the Company, depending on crediting rates or an indexed rate at surrender, as applicable. The Company also issued fixed deferred annuity contracts without MVA that have a guaranteed credited rate and annuity benefit.

In addition, the Company issues certain variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no-lapse guarantee”). Variable life and variable universal life contracts are offered with general and separate account options.

The assets supporting the variable portion of all variable annuities are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities.” Amounts assessed against the contractholders for mortality, administration, and other services are included within revenue in “Policy charges and fee income” and changes in liabilities for minimum guarantees are generally included in “Policyholders’ benefits” or “Realized investment gains (losses), net.”

For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality.

For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality.

B-54

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior.

The Company’s contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed may not be mutually exclusive. The liabilities related to the net amount at risk are reflected within “Future policy benefits”. As of December 31, 2018 and 2017, the Company had the following guarantees associated with these contracts, by product and guarantee type:



	December 31, 2018				December 31, 2017
	In the Event of Death(1)		At Annuitization/ Accumulation(1)(2)		In the Event of Death(1)		At Annuitization/ Accumulation(1)(2)
	(in thousands)
Annuity Contracts
Return of net deposits
Account value	$	7,954,281	N/A		$	8,434,750	N/A
Net amount at risk	$	66,895	N/A		$	2,201	N/A
Average attained age of contractholders	66 years		N/A		65 years		N/A
Minimum return or contract value
Account value	$	1,820,257	$	9,082,737	$	2,079,318	$	9,746,948
Net amount at risk	$	148,719	$	381,856	$	3,442	$	134,518
Average attained age of contractholders	68 years		66 years		67 years		65 years
Average period remaining until earliest expected annuitization	N/A		0 years		N/A		0 years


(1)	Balances are gross of reinsurance.


(2)	Includes income and withdrawal benefits.



	December 31, 2018		December 31, 2017(1)
	In the Event of Death
	(in thousands)
Variable Life, Variable Universal Life and Universal Life Contracts
Separate account value	$	768,008	$	813,094
General account value	$	943,528	$	811,784
Net amount at risk	$	18,364,626	$	17,296,789
Average attained age of contractholders	54 years		55 years


(1)	Balances are gross of reinsurance.

B-55

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows:



	December 31, 2018		December 31, 2017(1)
	(in thousands)
Equity funds	$	4,884,603	$	5,654,716
Bond funds	4,419,587		4,369,355
Money market funds	145,921		203,033
Total	$	9,450,111	$	10,227,104


(1)	Balances are gross of reinsurance.

In addition to the amounts invested in separate account investment options above, $324 million at December 31, 2018 and $287 million at December 31, 2017 of account balances of variable annuity contracts with guarantees, inclusive of contracts with MVA features were invested in general account investment options. For the years ended December 31, 2018, 2017 and 2016, there were no transfers of assets, other than cash, from the general account to any separate account, and accordingly no gains or losses recorded.

Liabilities for Guarantee Benefits

The table below summarizes the changes in general account liabilities for guarantees. The liabilities for GMDB, and GMIB are included in “Future policy benefits” and the related changes in the liabilities are included in “Policyholders’ benefits.” GMAB, GMWB, and GMIWB are accounted for as embedded derivatives and are recorded at fair value within “Future policy benefits.” Changes in the fair value of these derivatives, including changes in the Company’s own risk of non-performance, along with any fees attributed or payments made relating to the derivative, are recorded in “Realized investment gains (losses), net.” See Note 5 for additional information regarding the methodology used in determining the fair value of these embedded derivatives.



	GMDB						GMIB			GMWB/GMIWB/GMAB			Total
	Variable Annuity			Variable Life, Variable Universal Life & Universal Life			Variable Annuity						Total

	(in thousands)
Balance at December 31, 2015	$	10,581		$	84,176		$	1,446		$	449,072		$	545,275
Incurred guarantee benefits(1)	660			54,869			(300		)	(14,359		)	40,870
Paid guarantee benefits	(532		)	(5,399		)	(25		)	0			(5,956		)
Change in unrealized investment gains and losses	(74		)	3,673			(5		)	0			3,594
Balance at December 31, 2016	10,635			137,319			1,116			434,713			583,783
Incurred guarantee benefits(1)	893			47,907			(570		)	37,443			85,673
Paid guarantee benefits	(154		)	(250		)	(11		)	0			(415		)
Change in unrealized investment gains and losses	161			11,265			2			0			11,428
Balance at December 31, 2017	11,535			196,241			537			472,156			680,469
Incurred guarantee benefits(1)	1,913			52,918			10			16,669			71,510
Paid guarantee benefits	(964		)	(5,636		)	0			0			(6,600		)
Change in unrealized investment gains and losses	(216		)	(18,681		)	(4		)	0			(18,901		)
Balance at December 31, 2018	$	12,268		$	224,842		$	543		$	488,825		$	726,478


(1)	Incurred guarantee benefits include the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features considered to be derivatives.

B-56

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The GMDB liability is determined each period end by estimating the accumulated value of a portion of the total assessments to date less the accumulated value of the guaranteed death benefits in excess of the account balance. The GMIB liability associated with variable annuities is determined each period by estimating the accumulated value of a portion of the total assessments to date less the accumulated value of the projected income benefits in excess of the account balance. The portion of assessments used is chosen such that, at issue the present value of expected death benefits or expected income benefits in excess of the projected account balance and the portion of the present value of total expected assessments over the lifetime of the contracts are equal. The Company regularly evaluates the estimates used and adjusts the GMDB and GMIB liability balances, with an associated charge or credit to earnings, if actual experience or other evidence suggests that earlier estimates should be revised.

The GMAB features provide the contractholder with a guaranteed return of initial account value or an enhanced value if applicable. The most significant of the Company’s GMAB features are the guaranteed return option features, which includes an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMAB liability is calculated as the present value of future expected payments in excess of the account balance less the present value of future expected rider fees attributable to the embedded derivative feature.

The GMWB features provide the contractholder with access to a guaranteed remaining balance if the account value is reduced to zero through a combination of market declines and withdrawals. The guaranteed remaining balance is generally equal to the protected value under the contract, which is initially established as the greater of the account value or cumulative deposits when withdrawals commence, less cumulative withdrawals. The contractholder also has the option, after a specified time period, to reset the guaranteed remaining balance to the then-current account value, if greater. The contractholder accesses the guaranteed remaining balance through payments over time, subject to maximum annual limits. The GMWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature.

The GMIWB features, taken collectively, provide a contractholder two optional methods to receive guaranteed minimum payments over time, a “withdrawal” option or an “income” option. The withdrawal option (which was available under only one of the GMIWBs and is no longer offered) guarantees that a contractholder can withdraw an amount each year until the cumulative withdrawals reach a total guaranteed balance. The income option (which varies among the Company’s GMIWBs) in general, guarantees the contractholder the ability to withdraw an amount each year for life (or for joint lives, in the case of any spousal version of the benefit) where such amount is equal to a percentage of a protected value under the benefit. The contractholder also has the potential to increase this annual amount, based on certain subsequent increases in account value that may occur. The GMIWB can be elected by the contractholder upon issuance of an appropriate deferred variable annuity contract or at any time following contract issue prior to annuitization. Certain GMIWB features include an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMIWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature.

Sales Inducements

The Company defers sales inducements and amortizes them over the anticipated life of the policy using the same methodology and assumptions used to amortize DAC. The Company has offered various types of sales inducements, including: (1) a bonus whereby the policyholder’s initial account balance is increased by an amount equal to a specified percentage of the customer’s initial deposit and (2) additional credits after a certain number of years a contract is held. Changes in DSI, reported as “Interest credited to policyholders’ account balances,” are as follows:



	Sales Inducements
	(in thousands)
Balance at December 31, 2015	$	63,043
Capitalization	100
Amortization- Impact of assumption and experience unlocking and true-ups	1,035
Amortization- All other	(13,203		)
Change in unrealized investment gains (losses)	(383		)
Other(1)	(50,592		)
Balance at December 31, 2016	0


(1)	Represents ceded DSI upon reinsurance agreement with Prudential Insurance in 2016. See Note 1 and Note 9 for additional information.

There were no deferred sales inducements balances at December 31, 2018 and 2017 because they were fully ceded.

B-57

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

9. REINSURANCE

The Company participates in reinsurance with its affiliates Prudential Arizona Reinsurance Captive Company (“PARCC”), Prudential Arizona Reinsurance Term Company (“PAR Term”), Prudential Arizona Reinsurance Universal Company (“PAR U”), Prudential Term Reinsurance Company (“Term Re”) and Dryden Arizona Reinsurance Term Company ("DART"), its parent companies, Pruco Life and Prudential Insurance, as well as third parties, and participated in reinsurance with its affiliate Pruco Re through March 31, 2016. The reinsurance agreements provide risk diversification and additional capacity for future growth, limit the maximum net loss potential, manage statutory capital, facilitate the Company's capital market hedging program, and align accounting methodology for the assets and liabilities of living benefit guarantees contained in annuities contracts. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture. Life reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term and coinsurance. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. The Company believes a material reinsurance liability resulting from such inability of reinsurers to meet their obligations is unlikely.

Reserves related to reinsured long duration contracts are accounted for using assumptions consistent with those used to account for the underlying contracts. Amounts recoverable from reinsurers for long duration reinsurance arrangements are estimated in a manner consistent with the claim liabilities and policy benefits associated with the reinsured policies. Reinsurance premiums ceded for universal life products are accounted for as a reduction of policy charges and fee income. Reinsurance premiums ceded for term insurance products are accounted for as a reduction of premiums.

Realized investment gains and losses include the impact of reinsurance agreements, particularly reinsurance agreements involving living benefit guarantees. The Company has entered into a reinsurance agreement to transfer the risk related to living benefit guarantees on variable annuities to Prudential Insurance. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture. These reinsurance agreements are derivatives and have been accounted for in the same manner as embedded derivatives and the changes in the fair value of these derivatives are recognized through “Realized investment gains (losses), net”. See Note 4 for additional information related to the accounting for embedded derivatives.

Reinsurance amounts included in the Company’s Statements of Financial Position as of December 31, were as follows:



	2018			2017
	(in thousands)
Reinsurance recoverables	$	2,723,518		$	2,480,848
Policy loans	(17,297		)	(16,065		)
Deferred policy acquisition costs	(754,569		)	(708,740		)
Deferred sales inducements	(52,875		)	(58,399		)
Other assets	17,959			19,159
Other liabilities	65,225			56,232

The reinsurance recoverables by counterparty are broken out below:



	December 31, 2018		December 31, 2017
	(in thousands)
Prudential Insurance	$	924,847	$	859,122
PAR U	922,904		814,408
PARCC	480,627		485,809
PAR Term	205,972		188,756
Term Re	156,303		116,869
Pruco Life	15,013		13,671
DART	13,367		0
Unaffiliated	4,485		2,213
Total reinsurance recoverables	$	2,723,518	$	2,480,848

B-58

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Reinsurance amounts, included in the Company’s Statements of Operations and Comprehensive Income for the years ended December 31, were as follows:



	2018			2017			2016
	(in thousands)
Premiums:
Direct	$	238,622		$	231,167		$	217,375
Ceded	(225,615		)	(217,200		)	(252,050		)
Net premiums	13,007			13,967			(34,675		)
Policy charges and fee income:
Direct	361,697			409,874			273,121
Ceded(1)	(299,130		)	(365,671		)	(206,575		)
Net policy charges and fee income	62,567			44,203			66,546
Net investment income:
Direct	68,467			67,243			72,561
Ceded	(656		)	(592		)	(536		)
Net investment income	67,811			66,651			72,025
Asset administration fees:
Direct	36,214			38,743			34,847
Ceded	(30,858		)	(29,668		)	(20,489		)
Net asset administration fees	5,356			9,075			14,358
Realized investment gains (losses), net:
Direct	70,414			41,810			89,216
Ceded	(79,687		)	(55,848		)	(788		)
Realized investment gains (losses), net	(9,273		)	(14,038		)	88,428
Policyholders’ benefits (including change in reserves):
Direct	296,335			291,003			289,066
Ceded(2)	(276,506		)	(278,748		)	(287,081		)
Net policyholders’ benefits (including change in reserves)	19,829			12,255			1,985
Interest credited to policyholders’ account balances:
Direct	67,490			54,624			55,928
Ceded	(31,554		)	(21,665		)	(12,000		)
Net interest credited to policyholders’ account balances	35,936			32,959			43,928
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	$	(161,905	)	$	(165,870	)	$	(78,200	)


(1)	"Policy charges and fee income ceded" includes $(4) million, $(4) million and $(3) million of unaffiliated activity for the years ended December 31, 2018, 2017 and 2016, respectively.


(2)	"Policyholders' benefits (including change in reserves) ceded" includes $(4) million, $(0.2) million and $(0.8) million of unaffiliated activity for the years ended December 31, 2018, 2017 and 2016, respectively.

The gross and net amounts of life insurance face amount in force as of December 31, were as follows:



	2018			2017			2016
	(in thousands)
Direct gross life insurance face amount in force	$	140,943,939		$	136,020,588		$	129,865,065
Reinsurance ceded	(128,863,466		)	(123,974,595		)	(118,390,153		)
Net life insurance face amount in force	$	12,080,473		$	12,045,993		$	11,474,912

B-59

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Information regarding significant affiliated reinsurance agreements is described below.

Prudential Insurance

The Company has a yearly renewable term reinsurance agreement with Prudential Insurance and reinsures the majority of all mortality risks not otherwise reinsured. Effective July 1, 2017, this agreement was terminated for certain new business, primarily Universal Life business, and such business was reinsured to Pruco Life under a yearly renewable term reinsurance agreement. Effective April 1, 2016 the Company entered into a reinsurance agreement with Prudential Insurance to reinsure its variable annuity base contracts, along with the living benefit guarantees. See Note 1 for additional information related to the Variable Annuities Recapture.

PAR U

Effective July 1, 2012, the Company reinsures an amount equal to 95% of all risks associated with Universal Protector policies having no-lapse guarantees as well as certain of its universal policies, excluding those policies that are subject to principles-based reserving.

PARCC

The Company reinsures 90% of the risks under its term life insurance policies, with effective dates prior to January 1, 2010 through an automatic coinsurance agreement with PARCC.

PAR Term

The Company reinsures 95% of the risks under its term life insurance policies, with effective dates January 1, 2010 through December 31, 2013, through an automatic coinsurance agreement with PAR Term.

Term Re

The Company reinsures 95% of the risks under its term life insurance policies, with effective dates on or after January 1, 2014 through December 31, 2017, through an automatic coinsurance agreement with Term Re.

Pruco Life

Effective July 1, 2017, the Company entered into a yearly renewable term reinsurance agreement with Pruco Life for new business, primarily covering Universal Life policies. Under this agreement the majority of all mortality risk is ceded to Pruco Life. The Company also reinsures certain Corporate Owned Life Insurance (“COLI”) policies with Pruco Life. Through March 31, 2016, the Company reinsured Prudential Defined Income ("PDI") living benefit guarantees with Pruco Life. Effective April 1, 2016, the Company recaptured PDI living benefit guarantees from Pruco Life and reinsured them with Prudential Insurance. See Note 1 for additional information related to the Variable Annuities Recapture.

DART

Effective January 1, 2018, the Company entered into an automatic coinsurance agreement with DART to reinsure an amount equal to 95% of the risks associated with its term life insurance policies with effective dates on or after January 1, 2018.

Pruco Re

Through March 31, 2016, the Company entered into various automatic coinsurance agreements with Pruco Re to reinsure its living benefit guarantees sold on certain of its annuities. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture.

B-60

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

10. INCOME TAXES

The following schedule discloses significant components of income tax expense (benefit) for each year presented:



	Year Ended December 31,
	2018			2017			2016
	(in thousands)
Current tax expense (benefit):
U.S. Federal	$	8,435		$	4,514		$	6,701
Total	8,435			4,514			6,701
Deferred tax expense (benefit):
U.S. Federal	(8,488		)	(10,452		)	7,534
Total	(8,488		)	(10,452		)	7,534
Total income tax expense (benefit) from operations	(53		)	(5,938		)	14,235
Income tax expense (benefit) reported in equity related to:
Other comprehensive income (loss)	(14,464		)	10,084			205
Additional paid-in capital	0			471			93
Total income tax expense (benefit)	$	(14,517	)	$	4,617		$	14,533

Reconciliation of Expected Tax at Statutory Rates to Reported Income Tax Expense (Benefit)

The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% applicable for 2018 and 35% applicable for the periods prior to 2018, and reported income tax expense (benefit) are summarized as follows:



	Year Ended December 31,
	2018			2017			2016
	(in thousands)
Expected federal income tax expense	$	6,559		$	10,262		$	32,702
Non-taxable investment income	(5,171		)	(15,687		)	(14,883		)
Tax credits	(3,525		)	(2,611		)	(2,734		)
Domestic production activities deduction, net	0			(1,045		)	(949		)
Changes in tax law	(61		)	2,507			0
Settlements with taxing authorities	2,098			0			0
Other	47			636			99
Reported income tax expense (benefit)	$	(53	)	$	(5,938	)	$	14,235
Effective tax rate	(0.2		)%	(20.3		)%	15.2		%

B-61

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income (loss) from operations before income taxes.” The Company’s effective tax rate for fiscal years 2018, 2017 and 2016 was (0.2)%, (20.3)% and 15.2%, respectively. The following is a description of items that had the most significant impact on the difference between the Company’s statutory U.S. federal income tax rate of 21% applicable for 2018 and 35% applicable for the periods prior to 2018, and the Company's effective tax rate during the periods presented:

Changes in Tax Law. The following is a list of notable changes in tax law that impacted the Company’s effective tax rate for the periods presented:

Tax Act of 2017 - On December 22, 2017, the Tax Act of 2017 was enacted into U.S. law. As a result, the Company recognized a $2.5 million tax expense in “Total income tax expense (benefit)” in the Company’s Consolidated Statements of Operations for the year ended December 31, 2017. In accordance with SEC Staff Accounting Bulletin 118, in 2017 the Company recorded the effects of the Tax Act of 2017 using reasonable estimates due to the need for further analysis of the provisions within the Tax Act of 2017 and collection, preparation and analysis of relevant data necessary to complete the accounting. During 2018, the Company completed the collection, preparation and analysis of data relevant to the Tax Act of 2017, and interpreted any additional guidance issued by the IRS, U.S. Department of the Treasury, or other standard-setting organizations, and recognized a $0.1 million decrease in income tax expense for a total of $2.4 million recognized from the reduction in net deferred tax assets to reflect the reduction in the U.S. tax rate from 35% to 21%.

Non-Taxable Investment Income. The U.S. Dividends Received Deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and accounts for most of the non-taxable investment income shown in the table above. More specifically, the U.S. DRD constitutes $5 million of the total $5 million of 2018 non-taxable investment income, $15 million of the total $16 million of 2017 non-taxable investment income, and $15 million of the total $15 million of 2016 non-taxable investment income. The DRD for the current period was estimated using information from 2017, current year investment results, and current year’s equity market performance. The actual current year DRD can vary based on factors such as, but not limited to, changes in the amount of dividends received that are eligible for the DRD, changes in the amount of distributions received from fund investments, changes in the account balances of variable life and annuity contracts, and the Company’s taxable income before the DRD.

Other. This line item represents insignificant reconciling items that are individually less than 5% of the computed expected federal income tax expense (benefit) and have therefore been aggregated for purposes of this reconciliation in accordance with relevant disclosure guidance.

Schedule of Deferred Tax Assets and Deferred Tax Liabilities



	As of December 31,
	2018		2017
	(in thousands)
Deferred tax assets:
Insurance reserves	$	19,049	$	14,868
Net Unrealized gain on securities	4,077		0
Deferred policy acquisition costs	6,653		7,297
Other	440		0
Deferred tax assets	30,219		22,165
Deferred tax liabilities:
Net unrealized gains on securities	0		12,124
Investments	5,364		8,070
Other	0		17
Deferred tax liabilities	5,364		20,211
Net deferred tax asset (liability)	$	24,855	$	1,954

B-62

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

The application of U.S. GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized.

The company had no valuation allowance as of December 31, 2018, and 2017. Adjustments to the valuation allowance will be made if there is a change in management’s assessment of the amount of deferred tax asset that is realizable.

The Company’s "Income (loss) from operations before income taxes" includes income from domestic operations of $31 million, $29 million and $93 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Tax Audit and Unrecognized Tax Benefits

The Company’s liability for income taxes includes the liability for unrecognized tax benefits and interest that relate to tax years still subject to review by the IRS or other taxing authorities. The completion of review or the expiration of the Federal statute of limitations for a given audit period could result in an adjustment to the liability for income taxes.

The following table reconciles the total amount of unrecognized tax benefits at the beginning and end of the periods indicated.



	2018			2017		2016
	(in thousands)
Balance at January 1,	$	3,019		$	948	$	0
Increases in unrecognized tax benefits-prior years	0			1,237		474
(Decreases) in unrecognized tax benefits-prior years	0			0		0
Increases in unrecognized tax benefits-current year	0			834		474
(Decreases) in unrecognized tax benefits-current year	0			0		0
Settlements with taxing authorities	(3,019		)	0		0
Balance at December 31,	$	0		$	3,019	$	948
Unrecognized tax benefits that, if recognized, would favorably impact the effective rate	$	0		$	3,019	$	948

The Company does not anticipate any significant changes within the next twelve months to its total unrecognized tax benefits related to tax years for which the statute of limitations has not expired.

The Company classifies all interest and penalties related to tax uncertainties as income tax expense (benefit).

At December 31, 2018, the Company remains subject to examination in the U.S. for tax years 2015 through 2017.

The Company is participating in the IRS’s Compliance Assurance Program. Under this program, the IRS assigns an examination team to review completed transactions as they occur in order to reach agreement with the Company on how they should be reported in the relevant tax returns. If disagreements arise, accelerated resolution programs are available to resolve the disagreements in a timely manner before the tax return is filed.

B-63

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

11. EQUITY

Accumulated Other Comprehensive Income (Loss)

AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Statements of Comprehensive Income. Each of the components that comprise OCI are described in further detail in Note 2 (Foreign Currency Translation Adjustment and Net Unrealized Investment Gains (Losses)). The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows:



	Accumulated Other Comprehensive Income (Loss)
	Foreign Currency Translation Adjustment			Net Unrealized Investment Gains (Losses)(1)			Total Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance, December 31, 2015	$	(69	)	$	11,850		$	11,781
Change in OCI before reclassifications	(1		)	(1,738		)	(1,739		)
Amounts reclassified from AOCI	0			2,324			2,324
Income tax benefit (expense)	0			(205		)	(205		)
Balance, December 31, 2016	$	(70	)	$	12,231		$	12,161
Change in OCI before reclassifications	43			31,228			31,271
Amounts reclassified from AOCI	0			982			982
Income tax benefit (expense)	(15		)	(10,069		)	(10,084		)
Balance, December 31, 2017	$	(42	)	$	34,372		$	34,330
Change in OCI before reclassifications	(1,187		)	(66,171		)	(67,358		)
Amounts reclassified from AOCI	0			(1,521		)	(1,521		)
Income tax benefit (expense)	248			14,216			14,464
Cumulative effect of adoption of ASU 2016-01	0			(175		)	(175		)
Cumulative effect of adoption of ASU 2018-02	(8		)	5,901			5,893
Balance, December 31, 2018	$	(989	)	$	(13,378	)	$	(14,367	)


(1)	Includes cash flow hedges of $2 million, $(5) million and $5 million as of December 31, 2018, 2017 and 2016, respectively.

Reclassifications out of Accumulated Other Comprehensive Income (Loss)



	Year Ended December 31, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
	(in thousands)
Amounts reclassified from AOCI (1)(2):
Net unrealized investment gains (losses):
Cash flow hedges - Currency/Interest rate(3)	$	1,693		$	(127	)	$	2,212
Net unrealized investment gains (losses) on available-for-sale securities(4)	(172		)	(855		)	(4,536		)
Total net unrealized investment gains (losses)	1,521			(982		)	(2,324		)
Total reclassifications for the period	$	1,521		$	(982	)	$	(2,324	)


(1)	All amounts are shown before tax.


(2)	Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.


(3)	See Note 4 for additional information on cash flow hedges.


(4)	See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ account balances.

B-64

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Net Unrealized Investment Gains (Losses)

Net unrealized investment gains (losses) on securities classified as available-for-sale, certain other invested assets and other assets are included in the Company’s Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows:

B-65

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized



	Net Unrealized Gains (Losses) on Investments			Deferred Policy Acquisition Costs and Other Costs(1)			Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(2)			Deferred Income Tax (Liability) Benefit			Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
	(in thousands)
Balance, December 31, 2015	$	211		$	194		$	139		$	(191	)	$	353
Net investment gains (losses) on investments arising during the period	(13		)	0			0			5			(8		)
Reclassification adjustment for (gains) losses included in net income	(51		)	0			0			18			(33		)
Reclassification adjustment for OTTI losses excluded from net income	0			0			0			0			0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			(32		)	0			11			(21		)
Impact of net unrealized investment (gains) losses on future policy benefits, policyholder's account balances and other liabilities	0			0			(5		)	2			(3		)
Balance, December 31, 2016	$	147		$	162		$	134		$	(155	)	$	288
Net investment gains (losses) on investments arising during the period	23			0			0			(7		)	16
Reclassification adjustment for (gains) losses included in net income	(12		)	0			0			4			(8		)
Reclassification adjustment for OTTI losses excluded from net income	4			0			0			(1		)	3
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			(225		)	0			80			(145		)
Impact of net unrealized investment (gains) losses on future policy benefits, policyholder's account balances and other liabilities	0			0			(25		)	9			(16		)
Balance, December 31, 2017	$	162		$	(63	)	$	109		$	(70	)	$	138
Net investment gains (losses) on investments arising during the period	3			0			0			(1		)	2
Reclassification adjustment for (gains) losses included in net income	(22		)	0			0			5			(17		)
Reclassification adjustment for OTTI losses excluded from net income	0			0			0			0			0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			9			0			(2		)	7
Impact of net unrealized investment (gains) losses on future policy benefits, policyholder's account balances and other liabilities	0			0			(67		)	14			(53		)
Balance, December 31, 2018	$	143		$	(54	)	$	42		$	(54	)	$	77


(1)	"Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses.


(2)	"Other liabilities" primarily includes reinsurance payables.

B-66

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

All Other Net Unrealized Investment Gains (Losses) in AOCI



	Net Unrealized Gains (Losses) on Investments(1)			Deferred Policy Acquisition Costs and Other Costs(2)			Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3)			Deferred Income Tax (Liability) Benefit			Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
	(in thousands)
Balance, December 31, 2015	$	22,795		$	(8,588	)	$	3,479		$	(6,189	)	$	11,497
Net investment gains (losses) on investments arising during the period	(1,856		)	0			0			650			(1,206		)
Reclassification adjustment for (gains) losses included in net income	(2,273		)	0			0			796			(1,477		)
Reclassification adjustment for OTTI losses excluded from net income	0			0			0			0			0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			2,180			0			(764		)	1,416
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities	0			0			2,636			(923		)	1,713
Balance, December 31, 2016	$	18,666		$	(6,408	)	$	6,115		$	(6,430	)	$	11,943
Net investment gains (losses) on investments arising during the period	34,845			0			0			(10,920		)	23,925
Reclassification adjustment for (gains) losses included in net income	(970		)	0			0			304			(666		)
Reclassification adjustment for OTTI losses excluded from net income	(4		)	0			0			1			(3		)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			6,443			0			(2,293		)	4,150
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities	0			0			(7,869		)	2,754			(5,115		)
Balance, December 31, 2017	$	52,537		$	35		$	(1,754	)	$	(16,584	)	$	34,234
Net investment gains (losses) on investments arising during the period	(68,532		)	0			0			14,392			(54,140		)
Reclassification adjustment for (gains) losses included in net income	(1,499		)	0			0			315			(1,184		)
Reclassification adjustment for OTTI losses excluded from net income	0			0			0			0			0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0			3,134			0			(658		)	2,476
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities	0			0			(718		)	151			(567		)
Cumulative effect of adoption of ASU 2016-01	(270		)	0			0			95			(175		)
Cumulative effect of adoption of ASU 2018-02	0			0			0			5,901			5,901
Balance, December 31, 2018	$	(17,764	)	$	3,169		$	(2,472	)	$	3,612		$	(13,455	)


(1)	Includes cash flow hedges. See Note 4 for information on cash flow hedges.


(2)	"Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses.


(3)	"Other liabilities" primarily includes reinsurance payables.

B-67

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

12. STATUTORY NET INCOME AND SURPLUS AND DIVIDEND RESTRICTIONS

The Company is required to prepare statutory financial statements in accordance with accounting practices prescribed or permitted by the New Jersey Department of Banking and Insurance. Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions and valuing investments, deferred taxes, and certain assets on a different basis.

Statutory net income of the Company amounted to $33 million, $33 million and $81 million for the years ended December 31, 2018, 2017 and 2016, respectively. Statutory surplus of the Company amounted to $234 million and $223 million at December 31, 2018 and 2017, respectively.

The Company does not utilize prescribed or permitted practices that vary materially from the statutory accounting practices prescribed by the NAIC.

The Company is subject to New Jersey law, which limits the amount of dividends that insurance companies can pay to stockholders without approval of the New Jersey Department of Banking and Insurance. The maximum dividend, which may be paid in any twelve-month period without notification or approval, is limited to the greater of 10% of statutory surplus as of December 31 of the preceding year or the net gain from operations of the preceding calendar year. Cash dividends may only be paid out of surplus derived from realized net profits. Based on these limitations, there is a capacity to pay a dividend of $32 million in 2019 without prior approval. The Company paid dividends to Pruco Life of $0 million, $100 million and $241 million in 2018, 2017 and 2016 respectively.

13. RELATED PARTY TRANSACTIONS

The Company has extensive transactions and relationships with Prudential Insurance and other affiliates. Although we seek to ensure that these transactions and relationships are fair and reasonable, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties.

Expense Charges and Allocations

Many of the Company’s expenses are allocations or charges from Prudential Insurance or other affiliates. These expenses can be grouped into general and administrative expenses and agency distribution expenses.

The Company’s general and administrative expenses are charged to the Company using allocation methodologies based on business production processes. Management believes that the methodology is reasonable and reflects costs incurred by Prudential Insurance to process transactions on behalf of the Company. The Company operates under service and lease agreements whereby services of officers and employees, supplies, use of equipment and office space are provided by Prudential Insurance. The Company reviews its allocation methodology periodically which it may adjust accordingly. "General and administrative expenses" include allocations of stock compensation expenses related to a stock-based awards program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock based-awards program was $0.1 million for each of the years ended December 31, 2018, 2017 and 2016. The expense charged to the Company for the deferred compensation program was $0.7 million, $1 million and $0.9 million for the years ended December 31, 2018, 2017 and 2016, respectively.

The Company is charged for its share of employee benefit expenses. These expenses include costs for funded and non-funded contributory and non-contributory defined benefit pension plans. Some of these benefits are based on final earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during a career. The Company’s share of net expense for the pension plans was $3 million for each of the years ended December 31, 2018, 2017 and 2016.

The Company is also charged for its share of the costs associated with welfare plans issued by Prudential Insurance. These expenses include costs related to medical, dental, life insurance and disability. The Company's share of net expense for the welfare plans was $3 million, $4 million and $3 million for the years ended December 31, 2018, 2017 and 2016, respectively.

B-68

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Prudential Insurance sponsors voluntary savings plans for its employee 401(k) plans. The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The Company’s expense for its share of the voluntary savings plan was $1 million for each of the years ended December 31, 2018, 2017 and 2016.

The Company is charged distribution expenses from Prudential Insurance’s agency network for both its domestic life and annuity products through a transfer pricing agreement, which is intended to reflect a market-based pricing arrangement.

The Company pays commissions and certain other fees to Prudential Annuities Distributors, Inc. (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s annuity products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s annuity products. Commissions and fees paid by the Company to PAD were $73 million, $62 million and $71 million for the years ended December 31, 2018, 2017 and 2016, respectively.

The Company is charged for its share of corporate expenses incurred by Prudential Financial to benefit its businesses, such as advertising, executive oversight, external affairs and philanthropic activity. The Company’s share of corporate expenses was $8 million, $8 million and $6 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Corporate Owned Life Insurance

The Company has sold three Corporate Owned Life Insurance ("COLI") policies to Prudential Insurance and one to Prudential Financial. The cash surrender value included in separate accounts for these COLI policies was $2,239 million at December 31, 2018 and $2,244 million at December 31, 2017. Fees related to these COLI policies were $25 million, $25 million and $23 million for the years ended December 31, 2018, 2017 and 2016, respectively. The Company retains 10% of the mortality risk associated with these COLI policies up to $0.1 million per policy.

Affiliated Investment Management Expenses

In accordance with an agreement with PGIM, Inc. (“PGIM”), the Company pays investment management expenses to PGIM who acts as investment manager to certain Company general account and separate account assets. Investment management expenses paid to PGIM related to this agreement were $2 million for each of the years ended December 31, 2018, 2017 and 2016. These expenses are recorded as “Net investment income” in the Statements of Operations and Comprehensive Income (Loss).

Derivative Trades

In its ordinary course of business, the Company enters into OTC derivative contracts with an affiliate, PGF. For these OTC derivative contracts, PGF has a substantially equal and offsetting position with an external counterparty. See Note 4 for additional information.

Joint Ventures

The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other invested assets" includes $33 million and $29 million as of December 31, 2018 and 2017, respectively. "Net investment income" related to these ventures includes a gain of $0.3 million, $2 million and $1 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Affiliated Asset Administration Fee Income

The Company has a revenue sharing agreement with AST Investment Services, Inc. ("ASTISI") and PGIM Investments LLC ("PGIM Investments") whereby the Company receives fee income based on policyholders' separate account balances invested in the AST. Income received from ASTISI and PGIM Investments related to this agreement was $31 million, $29 million and $26 million for the years ended December 31, 2018, 2017 and 2016, respectively. These revenues are recorded as “Asset administration fees” in the Statements of Operations and Comprehensive Income (Loss).

The Company has a revenue sharing agreement with PGIM Investments, whereby the Company receives fee income based on policyholders’ separate account balances invested in The Prudential Series Fund. Income received from PGIM Investments related to this agreement was $5 million, $9 million and $8 million for the years ended December 31, 2018, 2017 and 2016, respectively. These revenues are recorded as “Asset administration fees” in the Statements of Operations and Comprehensive Income (Loss).

B-69

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Affiliated Notes Receivable

Affiliated notes receivable included in “Receivables from parent and affiliates” at December 31, were as follows:



	Maturity Dates			Interest Rates				2018		2017
								(in thousands)
U.S. dollar floating rate notes			2028	3.83%	-	4.25	%	$	6,001	$	6,047
U.S. dollar fixed rate notes	2026	-	2027	0.00%	-	14.85	%	2,823		3,330
Total long-term notes receivable - affiliated(1)								$	8,824	$	9,377


(1)	All long-term notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.

The affiliated notes receivable shown above are classified as available-for-sale securities and other trading assets carried at fair value. The Company monitors the internal and external credit ratings of these loans and loan performance. The Company also considers any guarantees made by Prudential Insurance for loans due from affiliates.

Accrued interest receivable related to these loans was $0.1 million at both December 31, 2018 and 2017, and is included in “Other assets”. Revenues related to these loans were $0.3 million, $0.3 million and $0.4 million for the years ended December 31, 2018, 2017 and 2016, respectively, and are included in “Other income”.

Affiliated Asset Transfers

The Company participates in affiliated asset trades with parent and sister companies. Book and market value differences for trades with a parent and sister are recognized within "Additional paid-in capital" (“APIC”) and "Realized investment gains (losses), net", respectively. The table below shows affiliated assets trades for the year ended December 31, 2018 and 2017:



Affiliate	Date	Transaction	Security Type	Fair Value		Book Value		APIC, Net of Tax Increase/(Decrease)
				(in thousands)
Prudential Insurance	June 2017	Sale	Fixed Maturities & Short-Term Investments	$	16,965	$	16,515	$	293
Prudential Insurance	June 2017	Sale	Commercial Mortgages	$	43,198	$	42,301	$	584
Gibraltar Universal Life Reinsurance Company	May 2018	Purchase	Fixed Maturities	$	17,904	$	17,904	$	0

Debt Agreements

The Company is authorized to borrow funds up to $200 million from affiliates to meet its capital and other funding needs. During the second quarter of 2016, the Company reassigned all the remaining debt to Prudential Insurance as part of the Variable Annuities Recapture. See Note 1 for additional information on the reassignment effective April 1, 2016. As of December 31, 2018 and 2017, there was no debt outstanding.

The total interest expense to the Company related to loans payable to affiliates was $0.0 million, $0.0 million and $1 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Contributed Capital and Dividends

In March of 2018, 2017 and 2016, the Company received capital contributions in the amount of $1 million from Pruco Life.

Through 2018, the Company did not pay any dividend. In June of 2017 and April of 2016, the Company paid a dividend in the amount of $100 million and $241 million, respectively, to Pruco Life.

Reinsurance with Affiliates

As discussed in Note 9, the Company participates in reinsurance transactions with certain affiliates.

B-70

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

14. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments

The Company has made commitments to fund commercial loans. As of December 31, 2018, there were no outstanding commitments to fund commercial loans, and $2 million as of December 31, 2017. The Company has made commitments to purchase or fund investments, mostly private fixed maturities. As of December 31, 2018 and 2017, $41 million and $33 million, respectively, of these commitments were outstanding.

Contingent Liabilities

On an ongoing basis, the Company's internal supervisory and control functions review the quality of sales, marketing and other customer interface procedures and practices and may recommend modifications or enhancements. From time to time, this review process results in the discovery of product administration, servicing or other errors, including errors relating to the timing or amount of payments or contract values due to customers. In certain cases, if appropriate, the Company may offer customers remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines.

The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. For additional discussion of these matters, see “Litigation and Regulatory Matters” below.

It is possible that the results of operations or the cash flows of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flows for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position.

Litigation and Regulatory Matters

The Company is subject to legal and regulatory actions in the ordinary course of its business. Pending legal and regulatory actions include proceedings specific to the Company and proceedings generally applicable to business practices in the industry in which it operates. The Company is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus. In some of the Company’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain.

The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established, but the matter, if material, is disclosed. The Company estimates that as of December 31, 2018, the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $10 million. This estimate is not an indication of expected loss, if any, or the Company's maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews.

Wells Fargo MyTerm Sales

In December 2016, Prudential Financial announced that it suspended sales of its MyTerm life insurance product through Wells Fargo pending completion of a Prudential Financial-initiated review of how the product was being sold through Wells Fargo. Prudential Financial has offered to reimburse the full amount of premium with interest, to any Wells Fargo customers with concerns about the way in which the product was purchased. Wells Fargo distributed the product from June 2014 until sales were suspended, and Prudential Financial's total annualized new business premiums associated with sales through Wells Fargo were approximately $4 million. Annualized new business premiums include 100% of scheduled first year premiums for policies sold during this period.

B-71

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

Prudential Financial has received inquiries, requests for information, subpoenas and a civil investigative demand related to this matter from state and federal regulators, including its lead state insurance regulator, the New Jersey Department of Banking and Insurance ("NJDOBI"), state attorneys general and federal legislators, and is responding to these requests. Prudential Financial has also received shareholder demands for certain books and records under New Jersey law. Prudential Financial may become subject to additional regulatory inquiries and other investigations and actions, shareholder demands and litigation related to this matter. Prudential Financial has provided notice to Wells Fargo that it may seek indemnification under the MyTerm distribution agreement between the parties. In December 2017, NJDOBI ended its investigation and concluded that there was no evidence of improper activity by Prudential regarding the sale and marketing of MyTerm policies to Wells Fargo customers. In November 2018, the Company and Wells Fargo resolved the Company’s claims emanating from the MyTerm distribution agreement. This matter is now closed.

Unclaimed Property

In 2011 the New York Attorney General subpoenaed the Company, along with other companies, regarding its unclaimed property procedures and may ultimately seek remediation and other relief, including damages. Additionally, in 2011 the New York Office of Unclaimed Funds commenced an audit of the Company’s compliance with New York’s unclaimed property laws.

Securities Lending and Foreign Tax Reclaim Matter

In 2016, Prudential Financial self-reported to the Securities and Exchange Commission ("SEC") and the U.S. Department of Labor ("DOL"), and notified other regulators, that in some cases it failed to maximize securities lending income for the benefit of certain separate account investments due to a long-standing restriction benefiting Prudential Financial that limited the availability of loanable securities. Prudential Financial has removed the restriction and implemented a remediation plan for the benefit of customers. As part of Prudential Financial’s review of this matter, in 2018 it further self-reported to the SEC, and notified other regulators, that in some cases it failed to timely process foreign tax reclaims for the separate account investments. Prudential Financial has corrected the foreign tax reclaim process and has implemented a remediation plan for the benefit of customers.

The DOL's review of the securities lending matter is closed. Prudential Financial is cooperating with the SEC in its review of the securities lending and foreign tax reclaim matters (which includes a review of the remediation plans) and has entered into discussions with the SEC staff regarding a possible settlement of the securities lending matter that would potentially involve charges under the Investment Advisers Act and financial remedies. Prudential Financial cannot predict the outcome of the discussions with the SEC regarding the foreign tax reclaim matter or the possible settlement of the securities lending matter.

Summary

The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flows in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flows for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial position. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial position.

B-72

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Notes to Financial Statements—(Continued)

15. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The unaudited quarterly results of operations for the years ended December 31, 2018 and 2017 are summarized in the table below:



	Three months ended
	March 31		June 30		September 30		December 31
	(in thousands)
2018
Total revenues	$	41,606	$	40,709	$	22,789	$	35,368
Total benefits and expenses	30,839		33,648		15,100		29,657
Income (loss) from operations before income taxes	10,767		7,061		7,689		5,711
Net income (loss)	$	10,020	$	6,316	$	7,539	$	7,406
2017
Total revenues	$	37,242	$	26,479	$	24,995	$	35,253
Total benefits and expenses	30,636		20,711		16,722		26,581
Income (loss) from operations before income taxes	6,606		5,768		8,273		8,672
Net income (loss)	$	6,156	$	8,511	$	11,309	$	9,281

B-73

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholder of

Pruco Life Insurance Company of New Jersey:

Opinion on the Financial Statements

We have audited the accompanying statements of financial position of Pruco Life Insurance Company of New Jersey (the "Company") as of December 31, 2018 and 2017, and the related statements of operations and comprehensive income, of equity and of cash flows for each of the three years in the period ended December 31, 2018 including the related notes and financial statement schedules listed in the index appearing under Item 15 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017 and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America.

Changes in Accounting Principles

As discussed in Note 2 to the financial statements, the Company changed the manner in which it accounts for certain financial assets and liabilities and the manner in which its accounts for certain tax effects originally recognized in accumulated other comprehensive income in 2018 and the manner in which it accounts for certain reinsurance costs in 2017.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements 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 the Company 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

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. We believe that our audits provide a reasonable basis for our opinion.

Significant Transactions with Related Parties

As described in Note 13 to the financial statements, the Company has entered into significant transactions with The Prudential Insurance Company of America, and other affiliates.

/s/ PricewaterhouseCoopers LLP

New York, New York

March 7, 2019

We have served as the Company's auditor since 1996.

B-74

PART C

OTHER INFORMATION

ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS:


(a)	Financial Statements

(1)

Financial Statements of the subaccounts of Pruco Life of New Jersey Flexible Premium Variable Annuity Account (Registrant) consisting of the Statements of Net Assets as of the dates presented, and the Statements of Operations and the Statements of Changes in Net Assets for each of the periods presented, and the Notes relating thereto appear at the end of the Statement of Additional Information (Part B of the Registration Statement).

(2)

Financial Statements of Pruco Life Insurance Company of New Jersey (Depositor) consisting of the Statements of Financial Position as of December 31, 2018 and 2017, and the related Statements of Operations and Comprehensive Income, of Equity and of Cash Flows for each of the three years in the period ended December 31, 2018, and the related Notes and Financial Statement Schedules appear at the end of the Statement of Additional Information (Part B of the Registration Statement).


(b)	Exhibits are attached as indicated (all previously filed exhibits, as noted below, are incorporated herein by reference).


(1)	Resolution of the Board of Directors of Pruco Life Insurance Company of New Jersey establishing the Pruco Life of New Jersey Flexible Premium Variable Annuity Account. (Note 3)


(2)	Agreements for custody of securities and similar investments—Not Applicable.


(3) (a)	Distribution and Underwriting Agreement between Prudential Annuities Distributors, Inc. "PAD" (Underwriter) and Pruco Life Insurance Company of New Jersey (Depositor). (Note 7)


(b) (1)	Specimen Affiliated Insurer Amendment to Selling Agreement. (Note 9)


(b) (2)	List of Broker Dealers selling under original Selling Agreement. (Note 10).


(b) (3)	List of Broker Dealers that executed Amendment to Selling Agreement. (Note 10)


(4) (a)	Form of Prudential Premier Retirement Variable Annuity X Series, L Series, B Series contract and Form of Prudential Premier Retirement Variable Annuity C Series contract (including schedule pages for each X, L, B, and C) P-BLX/INDNY (2/10) and P-CR/INDNY (2/10). (Note 9)


(b)	Form of Return of Adjusted Purchase Payments Death Benefit Rider P-RID-ROP NY (02/10). (Note 9)


(c)	Form of Return of Adjusted Purchase Payments Death Benefit Schedule Rider P-SCH-ROP NY (02/10). (Note 9)


(d)	Form of Highest Anniversary Value Death Benefit Rider P-RID-HAV NY (02/10). (Note 9)


(e)	Form of Highest Anniversary Value Death Benefit Schedule Supplement P-SCH-HAV NY (02/10). (Note 9)


(f)	Form of 403B Annuity Endorsement P-END-403 NY (02/10). (Note 9)


(g)	Form of Individual Retirement Annuity Endorsement P-END-IRA NY (02/10). (Note 9)


(h)	Form of Roth Individual Retirement Annuity Endorsement P-END-ROTH NY (02/10). (Note 9)


(i)	Form of Beneficiary Individual Retirement Annuity Endorsement P-END-IRABEN NY (02/10). (Note 9)


(j)	Form of Beneficiary Roth Individual Retirement Annuity Endorsement P-END-ROTHBEN NY (02/10). (Note 9)


(k)	Form of Highest Daily Lifetime 6 Plus Benefit Rider (P-RID-HD6-NY (02/10). (Note 9)


(l)	Form of Highest Daily Lifetime 6 Plus Schedule (P-SCH-HD6-NY (02/10)). (Note 9)


(m)	Form of Highest Daily GRO II Benefit rider (P-RID-HD GRO-NY 11/09). (Note 8)


(n)	Form of Highest Daily GRO II Benefit SCHEDULE (P-SCH-HD GRO-NY11/09). (Note 8)


(o)	Form of Gro Plus II benefit rider (P-RID-GRO NY (02/10). (Note 9)


(p)	Form of Gro Plus II benefit schedule (P-SCH-GRO NY (02/10). (Note 9)


(q)	Form of Beneficiary Annuity Endorsement (P-END-BENE NY (2/10). (Note 9)


(r)	Form of Beneficiary Annuity Schedules (including schedule pages for each X, L, B, and C (P-B-DCD-IND(2-10)NY, P-L-DCD-IND(2/10)NY, P-X-DCD-IND(2/10)NY, and P-C-DCD-IND(2/10)NY). (Note 9)


(s)	Form of Highest Daily GRO II Benefit Schedule Supplement (P-SCH-HDGRO(08/10) -NY). (Note 11)


(t)	Highest Daily Lifetime Income Benefit Rider (P-RID-HD(1/11)-NY). (NOTE 12)


(u)	Highest Daily Lifetime Income Benefit Schedule Supplement (P-SCH-HD (1/11)- NY). (Note 12)


(v)	Medically-Related Surrender Endorsement P-END-MRS (2/10) NY. (Note 13)


(w)	Medically-Related Surrender Schedule P-SCH-MRS (2/10) NY. (Note 13)


(x)	Form of Highest Daily Lifetime Income Benefit 2.0 rider (P-RID-HD-HAB-7-12)-NY. (Note 14)


(y)	Form of Highest Daily Lifetime Income Benefit 2.0 schedule (P-SCH-HD-8-12)-NY. (Note 14)


(z)	Form of Highest Daily Lifetime Income Benefit 2.0 rider (P-RID-HD-7-12)-NY. (Note 14)


(aa)	Form of Highest Daily Lifetime Income Benefit 2.0 schedule (P-SCH-HD-HAB-8-12)-NY. (Note 14)


(ab)	Form of Highest Daily Lifetime Income Benefit v2.1 rider P-RID-HD(2-13)-NY (includes schedule pages P-SCH-HD(2-13)-NY. (Note 15)


(ac)	Form of Highest Daily Lifetime Income Benefit v2.1 w/HADB rider P-RID-HD-HAB(2-13)-NY (includes schedule pages P-SCH-RID-HD HAB(2-13)-NY. (Note 15)


(ad)	Amendatory Tax Endorsement. (Note 17)


(5) (a)	Form of Application form for the Contract P-VAA NY (02/10). (Note 9)


(b)	Form of Application form for the Contract P-IBVAA NY (02/10). (Note 9)


(c)	Form of Application for the Contract P-VAA (7/12) NY. (Note 14)


(d)	Form of Applications for the Contract ORD202826-NY and Beneficiary Contract ORD202828-NY (2/13). (Note 15)


(6) (a)	Articles of Incorporation of Pruco Life of New Jersey Insurance Company, as amended. (Note 4)


(b)	By-laws of Pruco Life Insurance Company of New Jersey. (Note 5)


(c)	Certificate of Amendment to the Certificate of Incorporation dated October 1, 2012. (Note 16)


(7) (c)	Annuity Reinsurance Agreements between Depositor and: Pruco Reinsurance Ltd for HDI 2.0. (Note 17)


(8)	Other material contracts performed in whole or in part after the date the registration statement is filed:


(a)	Fund Participation Agreement dated May 1, 2005, as amended and restated June 8, 2005, by and among Pruco Life Insurance Company of New Jersey, American Skandia Trust, American Skandia Investment Services, Inc., Prudential Investments LLC, American Skandia Marketing, Inc., and Prudential Investment Management Services LLC. (Note 9)


(b)	Copy of Franklin Templeton Fund Participation Agreement. (Note 9)


(c)	Shareholder Information Agreement (Sample Rule 22C-2). (Note 6)


(d)	Amendment effective as of February 25, 2013 to Fund Participation Agreement between Advanced Series Trust, Prudential Investments LLC, AST Investment Services, Inc., Prudential Annuities Distributors, Inc., Prudential Investment Management Services LLC and Pruco Life Insurance Company of New Jersey. (Note 17)


(e)	Fund Participation Agreement dated May 1, 2005, by and among Pruco Life Insurance Company of New Jersey, The Prudential Series Fund, Inc., Prudential Investments LLC, and Prudential Investment Management Services LLC (Note 18)


(9)	Opinion of Counsel. (Note 2)


(10)	Written Consent of Independent Registered Public Accounting Firm. (Note 1)


(11)	All financial statements omitted from Item 23, Financial Statements—Not Applicable.


(12)	Agreements in consideration for providing initial capital between or among Registrant, Depositor, Underwriter, or initial Contract owners—Not Applicable.


(13)	Powers of Attorney:


(a)	Power of Attorney for Caroline A. Feeney (Note 1)


(b)	Power of Attorney for Salene Hitchcock-Gear (Note 1)


(c)	Power of Attorney for Christine Knight (Note 1)


(d)	Power of Attorney for Kent D. Sluyter (Note 1)


(e)	Power of Attorney for Candace J. Woods (Note 1)


(f)	Power of Attorney for John Chieffo (Note 1)


(g)	Power of Attorney for Nandini Mongia (Note 1)


(Note 1)	Filed Herewith.


(Note 2)	Incorporated by reference to Form N-4, Registration No. 333-162678, filed October 26, 2009 on behalf of the Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 3)	Incorporated by reference to Form N-4, Registration No. 333-18117, filed December 18, 1996 on behalf of the Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 4)	Incorporated by reference to Form S-6, Registration No. 002-89780, filed April 28,1997 on behalf of the Pruco Life of New Jersey Variable Appreciable Account.


(Note 5)	Incorporated by reference to Form S-6, Registration No. 333-85117 filed August 13, 1999 on behalf of the Pruco Life of New Jersey Variable Appreciable Account.


(Note 6)	Incorporated by reference to Post-Effective Amendment No. 3, Form N-4, Registration No. 333-131035, filed April 19, 2007 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 7)	Incorporated by reference to Post-Effective Amendment No. 9, Form N-4, Registration No. 333-131035, filed December 18, 2007 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 8)	Incorporated by reference to Post-Effective Amendment No. 24, Registration No. 333-131035 filed August 27, 2009 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 9)	Incorporated by reference to Pre-Effective Amendment No. 1 to Registration No. 333-162678, filed February 3, 2010 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 10)	Incorporated by reference to Post-Effective Amendment No. 1 to Registration No. 333-162678, filed on April 19, 2010 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 11)	Incorporated by reference to Post-Effective Amendment No. 2 to Registration No. 33-162678, filed on July 1, 2010 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 12)	Incorporated by reference to Post-Effective Amendment No. 5 to Registration No. 333-162678, filed on December 20, 2010 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 13)	Incorporated by reference to Pre-Effective Amendment No. 1 to Registration No. 333-170468, filed on April 1, 2011 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 14)	Incorporated by reference to Post-Effective Amendment No. 12 to Registration No. 333-162678, filed July 31, 2012 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 15)	Incorporated by reference to Post-Effective Amendment No. 16 to Registration No. 333-162678, filed February 13, 2013 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 16)	Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2012, filed March 15, 2013, on behalf of Pruco Life Insurance Company of New Jersey.


(Note 17)	Incorporated by reference to Post-Effective Amendment No. 17 to Registration No. 333-162678, filed April 12, 2013 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.


(Note 18)	Incorporated by reference to Post-Effective Amendment No. 26 to Registration No. 333-162678, filed April 9, 2018 on behalf of Pruco Life of New Jersey Flexible Premium Variable Annuity Account.

ITEM 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR (ENGAGED DIRECTLY OR INDIRECTLY, IN REGISTRANT’S VARIABLE ANNUITY BUSINESS:



NAME AND PRINCIPAL BUSINESS ADDRESS	POSITION AND OFFICES WITH DEPOSITOR

Kent D. Sluyter One Corporate Drive Shelton, Connecticut 06484-6208	President, Chief Executive Officer, and Director
John Chieffo 213 Washington Street Newark, New Jersey 07102-2917	Vice President, Director, Chief Accounting Officer, and Chief Financial Officer
Christine Knight 213 Washington Street Newark, New Jersey 07102-2917	Vice President and Director
Lynn K. Stone One Corporate Drive Shelton, Connecticut 06484-6208	Vice President, Chief Legal Officer, and Secretary
Candace J. Woods 751 Broad Street Newark, New Jersey 07102-3714	Director
Salene Hitchcock-Gear 213 Washington Street Newark, New Jersey 07102-2917	Director
Caroline A. Feeney 213 Washington Street Newark, New Jersey 07102-2917	Director
Nandini Mongia 280 Trumbull Street Hartford, Connecticut 06103	Director and Treasurer
Arthur W. Wallace One Corporate Drive Shelton, Connecticut 06484-6208	Senior Vice President, Chief Actuary and Appointed Actuary

ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT:

The Registrant separate account may be deemed to be under common control (or where indicated, identical to) the following separate accounts that are sponsored either by the depositor or an insurer that is an affiliate of the depositor: The Prudential Discovery Premier Group Variable Contract Account, The Prudential Variable Appreciable Account, The Prudential Individual Variable Contract Account, The Prudential Variable Contract Account GI-2, The Prudential Qualified Individual Variable Contract Account, The Prudential Variable Contract Account-24, The Prudential Discovery Select Group Variable Annuity Contract Account (separate accounts of Prudential); the Pruco Life Flexible Premium Variable Annuity Account; the Pruco Life PRUvider Variable Appreciable Account; the Pruco Life Variable Universal Account, the Pruco Life Variable Insurance Account, the Pruco Life Variable Appreciable Account, the Pruco Life Single Premium Variable Life Account, the Pruco Life Single Premium Variable Annuity Account (separate accounts of Pruco Life Insurance Company ("Pruco Life"); the Pruco Life of New Jersey Flexible Premium Variable Annuity Account; the Pruco Life of New Jersey Variable Insurance Account, the Pruco Life of New Jersey Variable Appreciable Account, the Pruco Life of New Jersey Single Premium Variable Life Account, and the Pruco Life of New Jersey Single Premium Variable Annuity Account (separate accounts of Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey"). Pruco Life, a life insurance company organized under the laws of Arizona, is a direct wholly-owned subsidiary of The Prudential Insurance Company of America and an indirect wholly-owned subsidiary of Prudential Financial, Inc. Pruco Life of New Jersey, a life insurance company organized under the laws of New Jersey, is a direct wholly-owned subsidiary of Pruco Life, and an indirect wholly-owned subsidiary of Prudential Financial, Inc.

The subsidiaries of Prudential Financial Inc. ("PFI") are listed under Exhibit 21.1 of the Annual Report on Form 10-K of PFI (Registration No. 001-16707), filed on February 15, 2019, the text of which is hereby incorporated by reference. In addition to those subsidiaries, Prudential holds all of the voting securities of Prudential's Gibraltar Fund, Inc., a Maryland corporation, in three of its separate accounts. Prudential's Gibraltar Fund, Inc. is registered as an open-end, diversified, management investment company under the Investment Company Act of 1940 (the "Act"). The separate accounts listed above are registered as unit investment trusts under the Act. Registrant may also be deemed to be under common control with The Prudential Variable Contract Account-2, The Prudential Variable Contract Account-10, and The Prudential Variable Account Contract Account-11, (separate accounts of The Prudential Insurance Company of America which are registered as open-end, diversified management investment companies).

ITEM 27. NUMBER OF CONTRACT OWNERS: As of January 31, 2019, there were 5,877 Qualified contract owners and 1,963 Non-Qualified contract owners of the X series, 23,402 Qualified contract owners and 8,950 Non-Qualified contract owners of the B series, 7,723 Qualified contract owners and 3,454 Non-Qualified contract owners of the L series, and 571 Qualified contract owners and 378 Non-Qualified contract owners of the C series.

ITEM 28. INDEMNIFICATION:

The Registrant, in conjunction with certain of its affiliates, maintains insurance on behalf of any person who is or was a trustee, director, officer, employee, or agent of the Registrant, or who is or was serving at the request of the Registrant as a trustee, director, officer, employee or agent of such other affiliated trust or corporation, against any liability asserted against and incurred by him or her arising out of his or her position with such trust or corporation.

New Jersey, being the state of organization of Pruco Life Insurance Company of New Jersey ("PLNJ"), permits entities organized under its jurisdiction to indemnify directors and officers with certain limitations. The relevant provisions of New Jersey law permitting indemnification can be found in Section 14A:3-5 of the New Jersey Statutes Annotated. The text of PLNJ's By-law, Article V, which relates to indemnification of officers and directors, is incorporated by reference to Exhibit 1A(6)(c) to Form S-6 filed August 13, 1999 on behalf of the Pruco Life of New Jersey Variable Appreciable Account.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (the "Securities Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

ITEM 29. PRINCIPAL UNDERWRITERS:


(a)	Prudential Annuities Distributors, Inc. (PAD)

PAD serves as principal underwriter for variable annuities issued by each of Pruco Life Insurance Company, Pruco Life Insurance Company of New Jersey, and Prudential Annuities Life Assurance Corporation. Each of those insurers is part

of Prudential Annuities, a business unit of Prudential Financial, that primarily issues individual variable annuity contracts. The separate accounts of those insurance companies, through which the bulk of the variable annuities are issued, are the Pruco Life Flexible Premium Variable Annuity Account, the Pruco Life of New Jersey Flexible Premium Variable Annuity Account, and Prudential Annuities Life Assurance Corporation Variable Account B.

(b) Information concerning the directors and officers of PAD is set forth below:



NAME	POSITIONS AND OFFICES WITH UNDERWRITER

James F. Mullery One Corporate Drive Shelton, Connecticut 06484-6208	President & CEO and Director
Ann Nanda One Corporate Drive Shelton, Connecticut 06484-6208	Senior Vice President and Director
John Chieffo 213 Washington Street Newark, New Jersey 07102-2917	Senior Vice President and Director
Dianne D. Bogoian One Corporate Drive Shelton, Connecticut 06484-6208	Senior Vice President and Director
Elizabeth Guerrera One Corporate Drive Shelton, Connecticut 06484-6208	Chief Operating Officer, Vice President and Director
Christopher J. Hagan 2101 Welsh Road Dresher, Pennsylvania 19025-5000	Vice President
Francine B. Boucher 751 Broad Street Newark, New Jersey 07102-3714	Chief Legal Officer, Vice President and Secretary
Elizabeth Marin 751 Broad Street Newark, New Jersey 07102-3714	Treasurer
Steven Weinreb Three Gateway Center Newark, New Jersey 07102-4061	Chief Financial Officer and Controller
Michael B. McCauley One Corporate Drive Shelton, Connecticut 06484-6208	Vice President and Chief Compliance Officer
Douglas S. Morrin One Corporate Drive Shelton, Connecticut 06484-6208	Vice President
Charles H. Smith 751 Broad Street Newark, New Jersey 07102-3714	AML Officer
Karen L. Stockla One Corporate Drive Shelton, Connecticut 06484-6208	Vice President

ITEM 29. PRINCIPAL UNDERWRITERS:


(c)	Commissions received by PAD during 2018 with respect to all individual annuities issued by Pruco Life of New Jersey.



NAME OF PRINCIPAL UNDERWRITER	NET UNDERWRITING DISCOUNTS AND COMMISSIONS	COMPENSATION ON REDEMPTION	BROKERAGE COMMISSIONS	COMPENSATION

Prudential Annuities Distributors, Inc.*	$73,232,387.43	$-0-	$-0-	$-0-

* PAD did not retain any of these commissions.

ITEM 30. LOCATION OF ACCOUNTS AND RECORDS

All accounts, books or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are maintained by the Registrant through The Prudential Insurance Company of America, at its offices in Shelton, Connecticut and Fort Washington, Pennsylvania.

ITEM 31. MANAGEMENT SERVICES

Summary of any contract not discussed in Part A and Part B of the registration statement under which management-related services are provided to the Registrant—Not applicable.

ITEM 32. UNDERTAKINGS


(a)	Registrant undertakes to file a post-effective amendment to this Registrant Statement as frequently as is necessary to ensure that the audited financial statements in the Registration Statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted.


(b)	Registrant undertakes to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a statement of additional information, or (2) a postcard or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a statement of additional information.


(c)	Registrant undertakes to deliver any statement of additional information and any financial statements required to be made available under this Form promptly upon written or oral request.


(d)	Restrictions on withdrawal under Section 403(b) Contracts are imposed in reliance upon, and in compliance with, a no-action letter issued by the Chief of the Office of Insurance Products and Legal Compliance of the U.S. Securities and Exchange Commission to the American Council of Life Insurance on November 28, 1988.


(e)	Pruco Life of New Jersey hereby represents that the fees and charges deducted under the contracts described in this Registration Statement are in the aggregate reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Pruco Life of New Jersey.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this Registration Statement, and has duly caused this post-effective amendment to be signed on its behalf in the City of Newark and the State of New Jersey on this 8th day of April 2019.

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

REGISTRANT

BY: PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

DEPOSITOR



By:	Kent D. Sluyter*
By:	Kent D. Sluyter President and Chief Executive Officer

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

DEPOSITOR



By:	Kent D. Sluyter*
By:	Kent D. Sluyter President and Chief Executive Officer

SIGNATURES

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.



SIGNATURE	TITLE
Kent D. Sluyter*	Director, President and Chief Executive Officer	April 8, 2019
Kent D. Sluyter
John Chieffo*	Chief Financial Officer, Chief Accounting Officer, Vice President and Director (Principal Accounting Officer)	April 8, 2019
John Chieffo
Christine Knight*	Director	April 8, 2019
Christine Knight
Nandini Mongia*	Director	April 8, 2019
Nandini Mongia
Candace J. Woods*	Director	April 8, 2019
Candace J. Woods
Salene Hitchcock-Gear*	Director	April 8, 2019
Salene Hitchcock-Gear
Caroline A. Feeney*	Director	April 8, 2019
Caroline A. Feeney



By:	/s/Douglas E. Scully
By:	Douglas E. Scully

* Executed by Douglas E. Scully on behalf of those indicated pursuant to Power of Attorney.

EXHIBITS


(10)	Written Consent of Independent Registered Public Accounting Firm.


(13)	Powers of Attorney:

(a) Caroline A. Feeney

(b) Salene Hitchcock-Gear

(d) Kent D. Sluyter

(e) Candace J. Woods

(f) John Chieffo

(g) Nandini Mongia