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Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2024-$1,650; 2023-$2,008) (amortized cost: 2024–$29,821,440; 2023–$27,538,066) $ 28,031,484 $ 26,131,780
Fixed maturities, trading, at fair value (amortized cost: 2024–$3,942,046; 2023–$3,476,746) 3,180,460 2,796,446
Equity securities, at fair value (cost: 2024– $575,867; 2023–$824,270) 574,736 844,950
Policy loans 1,496,241 1,472,677
Short-term investments 673,511 380,366
Commercial mortgage and other loans (net of $42,682 and $37,689 allowance for credit losses at March 31, 2024 and December 31, 2023, respectively) 6,279,862 6,122,721
Other invested assets (includes $96,618 and $85,025 of assets measured at fair value at March 31, 2024 and December 31, 2023, respectively) 1,337,953 1,222,985
Total investments 41,574,247 38,971,925
Cash and cash equivalents 2,357,758 2,139,792
Deferred policy acquisition costs 7,245,454 7,097,511
Accrued investment income 361,054 333,838
Reinsurance recoverables 41,060,869 38,709,651
Receivables from parent and affiliates 514,254 332,583
Deferred sales inducements 344,893 351,424
Income tax assets 1,896,793 1,737,651
Market risk benefits assets 2,536,843 2,367,243
Other Assets 2,347,175 2,078,938
Separate account assets 121,895,023 119,188,485
TOTAL ASSETS 222,134,363 213,309,041
LIABILITIES    
Policyholders’ account balances 57,677,780 53,012,800
Future policy benefits 23,362,318 23,205,205
Market risk benefit liabilities 4,388,317 5,144,401
Cash collateral for loaned securities 3,698 218,310
Short-term debt to affiliates 179,115 180,411
Payables to parent and affiliates 2,560,741 2,667,696
Other liabilities 8,361,698 5,170,308
Separate account liabilities 121,895,023 119,188,485
Total liabilities 218,428,690 208,787,616
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 15)
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 5,058,324 5,052,602
Retained earnings / (accumulated deficit) (968,394) (532,951)
Accumulated other comprehensive income (loss) (443,442) (30,920)
Total Pruco Life Insurance Company equity 3,648,988 4,491,231
Noncontrolling Interests 56,685 30,194
Total equity 3,705,673 4,521,425
TOTAL LIABILITIES AND EQUITY $ 222,134,363 $ 213,309,041