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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2023 – $2,008; 2022 – $4,769) (amortized cost: 2023 – $27,538,066; 2022 – $21,311,087) $ 26,131,780 $ 19,025,401
Fixed maturities, trading, at fair value (amortized cost: 2023 – $3,476,746; 2022 – $2,682,022) 2,796,446 1,936,159
Equity securities, at fair value (cost: 2023 – $824,270; 2022 – $148,179) 844,950 143,072
Policy loans 1,472,677 505,367
Short-term investments 380,366 124,491
Commercial mortgage and other loans (net of $37,689 and $20,263 allowance for credit losses at December 31, 2023 and December 31, 2022, respectively) 6,122,721 4,928,680
Other invested assets (includes $85,025 and $116,110 of assets measured at fair value at December 31, 2023 and 2022, respectively) 1,222,985 1,088,613
Total investments 38,971,925 27,751,783
Cash and cash equivalents 2,139,792 2,397,627
Deferred policy acquisition costs 7,097,511 6,930,425 [1]
Accrued investment income 333,838 219,635
Reinsurance recoverables 38,709,651 37,096,562 [1]
Receivables from parent and affiliates 332,583 224,921
Deferred sales inducements 351,424 381,504 [1]
Income tax assets 1,737,651 1,694,751 [1]
Market risk benefits assets 2,367,243 1,393,237 [1]
Other assets 2,078,938 1,331,427 [1]
Separate account assets 119,188,485 114,051,246
TOTAL ASSETS 213,309,041 193,473,118
LIABILITIES    
Policyholders’ account balances 53,012,800 41,912,536 [1]
Future policy benefits 23,205,205 20,829,033 [1]
Market risk benefit liabilities 5,144,401 5,521,601 [1]
Cash collateral for loaned securities 218,310 86,750
Short-term debt to affiliates 180,411 126,250
Long-term debt to affiliates 0 185,563
Payables to parent and affiliates 2,667,696 2,126,571
Other Liabilities 5,170,308 3,597,373 [1]
Separate account liabilities 119,188,485 114,051,246
Total liabilities 208,787,616 188,436,923
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 16)
EQUITY    
Common stock ($10 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding) 2,500 2,500
Additional paid-in capital 5,052,602 6,037,914
Retained Earnings (accumulated deficit) (532,951) (994,154) [1]
Accumulated other comprehensive income (loss) (30,920) (10,065) [1]
Total Pruco Life Insurance Company equity 4,491,231 5,036,195
Noncontrolling Interests 30,194 0
Total equity 4,521,425 5,036,195
TOTAL LIABILITIES AND EQUITY $ 213,309,041 $ 193,473,118
[1] Prior period amounts reflect the implementation of Accounting Standard Update ("ASU") 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.