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Statutory Net Income and Surplus and Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2022

Statutory Net Income and Surplus and Dividend Restrictions

The following table summarizes certain statutory financial information for the Company, including its subsidiary PLNJ, for the periods indicated:


	Year Ended December 31,
	2022		2021		2020
	(in millions)
Statutory net income (loss)(1)	$	3,369	$	833	$	(671)
Statutory capital and surplus(1)	4,839		5,955		1,461

(1) Prior year amounts have been updated to conform to finalized statutory filing where applicable.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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