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Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Premiums $ 92,182 $ 76,656
Policy charges and fee income 2,928,745 386,491
Net investment income 505,320 349,450
Asset administration fees 56,632 64,202
Other income (loss) 213,485 244,847
Realized Investment gains (losses), net 108,643 (120,679)
Net change in value of market risk benefits, net of related hedging gain (loss) 91,591 20,202
TOTAL REVENUES 3,996,598 1,021,169
BENEFITS AND EXPENSES    
Policyholders' benefits 4,091,801 105,182
Net change in estimates of liability for future policy benefits (12,005) (4,402)
Interest credited to policyholders’ account balances 224,258 160,222
Amortization of deferred policy acquisition costs (131,015) 137,495
General, administrative and other expenses 308,280 286,647
TOTAL BENEFITS AND EXPENSES 4,481,319 685,144
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total (484,721) 336,025
Income tax expense (benefit) (50,616) 56,239
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (434,105) 279,786
Equity in earnings of operating joint venture, net of taxes (157) (107)
NET INCOME (LOSS) (434,262) 279,679
Less: Income (loss) attributable to noncontrolling interests 1,181 0
NET INCOME (LOSS) ATTRIBUTABLE TO PRUCO LIFE INSURANCE COMPANY (435,443) 279,679
Other comprehensive income (loss), before tax:    
Foreign currency translation adjustments (2,362) 2,666
Net unrealized investment gains (losses) (313,307) 382,101
Interest rate remeasurement of future policy benefits 32,830 (38,224)
Gain (loss) from changes in non-performance risk on market risk benefits (238,974) 180,423
Total (521,813) 526,966
Less: Income tax expense (benefit) related to other comprehensive income (loss) (109,291) 110,262
Other comprehensive income (loss), net of taxes (412,522) 416,704
Comprehensive income (loss) (846,784) 696,383
Less: Comprehensive income (loss) attributable to noncontrolling interests 1,181 0
Comprehensive income (loss) attributable to Pruco Life Insurance Company $ (847,965) $ 696,383