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Consolidated Statement of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Premiums $ 328,897 $ 265,208 [1] $ 184,458 [1]
Policy charges and fee income 1,536,606 1,230,601 [1] 1,300,095 [1]
Net investment income 1,675,522 884,001 550,235
Asset administration fees 232,950 284,182 202,177
Other Income (loss) 744,628 (651,469) [1] 262,420 [1]
Realized investment gains (losses), net (1,083,660) 336,382 [2] (386,894) [1]
Change in value of market risk benefits, net of related hedging gain (losses) (94,368) (700,581) [1] (4,222,530) [2]
TOTAL REVENUES 3,340,575 1,648,324 (2,110,039)
BENEFITS AND EXPENSES      
Policyholders’ benefits 503,789 458,373 [1] 82,710 [1]
Change in estimates of liability for future policy benefits 3,952 55,099 [1] 27,008 [1]
Interest credited to policyholders’ account balances 655,445 445,215 [1]  
Interest credited to policyholders’ account balances [1]     (151,389)
Amortization of deferred policy acquisition costs 534,435 520,276 [1] 325,595 [1]
General, administrative and other expenses [1]     (523,774)
General, administrative and other expense 1,151,452 1,156,464 [1]  
TOTAL BENEFITS AND EXPENSES     (239,850)
TOTAL BENEFITS AND EXPENSES 2,849,073 2,635,427  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES AND OPERATING JOINT VENTURE 491,502 (987,103) (1,870,189)
Income tax expense (benefit) 29,378 (295,535) [1] (474,786) [1]
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 462,124 (691,568) (1,395,403)
Equity in earnings of operating joint venture, net of taxes (433) (75,137) 702
Net income (loss) 461,691 (766,705) [2] (1,394,701) [2]
Less: Income (loss) attributable to noncontrolling interests 488 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO PRUCO LIFE INSURANCE COMPANY 461,203 (766,705) (1,394,701)
Other comprehensive income (loss), before tax:      
Foreign currency translation adjustments 2,419 (9,337) (3,891)
Net unrealized investment gains (losses) 691,952 (2,254,037) [1] (210,486) [1]
Interest rate remeasurement of future policy benefits (60,978) 310,353 [1] 37,274 [1]
Gain (loss) from changes in non-performance risk on market risk benefits (659,875) 1,440,305 [1] (435,232) [1]
Total (26,482) (512,716) (612,335)
Less: Income tax expense (benefit) related to other comprehensive income (loss) (5,627) (106,197) [1] (128,241) [1]
Other comprehensive income (loss), net of tax (20,855) (406,519) (484,094)
Comprehensive income (loss) 440,836 (1,173,224) (1,878,795)
Less: Comprehensive income (loss) attributable to noncontrolling interests 488 0 0
Comprehensive income (loss) attributable to Pruco Life Insurance Company $ 440,348 $ (1,173,224) $ (1,878,795)
[1] Prior period amounts reflect the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[2] Prior period amounts reflect the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.