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Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Premiums (includes $(2,740), $6,296 and $(1,419) of gains (losses) from change in estimates on deferred profit liability amortization for the year ended December 31, 2024, 2023 and 2022, respectively) $ 393,127 $ 328,897 $ 265,208
Policy charges and fee income 7,382,797 1,536,606 1,230,601
Net investment income 2,422,017 1,675,522 884,001
Asset administration fees 223,563 232,950 284,182
Other Income (loss) 759,756 751,363 [1] (636,273) [1]
Realized Investment Gains (Losses) 451,417 (1,147,099) [1] 289,929 [1]
Change in value of market risk benefits, net of related hedging gain (losses) (433,955) (106,773) [2] (700,581)
TOTAL REVENUES 11,198,722 3,271,466 1,617,067
BENEFITS AND EXPENSES      
Policyholders’ benefits 8,352,333 503,789 458,373
Change in estimates of liability for future policy benefits (20,643) 3,952 55,099
Interest credited to policyholders’ account balances 1,037,731 621,645 [1] 445,215
Amortization of deferred policy acquisition costs (372,201) 539,510 [1] 521,269 [1]
General, administrative and other expense 1,228,443 1,124,923 [1] 1,129,700 [1]
TOTAL BENEFITS AND EXPENSES 10,225,663 2,793,819 2,609,656
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES AND OPERATING JOINT VENTURE 973,059 477,647 (992,589)
Income tax expense (benefit) 135,149 26,468 [1] (296,687) [1]
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 837,910 451,179 (695,902)
Equity in earnings of operating joint venture, net of taxes (425) (433) (75,137)
Net income (loss) 837,485 450,746 [2] (771,039) [2]
Net unrealized investment gains (losses) (335,093) 691,952 (2,254,037)
Interest rate remeasurement of future policy benefits 58,676 (60,978) 310,353
Gain (loss) from changes in non-performance risk on market risk benefits (441,138) (659,927) [1] 1,440,305
Total (722,150) (26,534) (512,716)
Less: Income tax expense (benefit) related to other comprehensive income (loss) (151,234) (5,638) [1] (106,197)
Total Comprehensive Income (Loss) 253,074 429,362 (1,177,558)
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization Expense, Realized Gain (Loss) (2,690) 6,978 (1,250)
PRUCO Life Insurance Company      
REVENUES      
Premiums (includes $(2,740), $6,296 and $(1,419) of gains (losses) from change in estimates on deferred profit liability amortization for the year ended December 31, 2024, 2023 and 2022, respectively) 344,383 289,344 231,500
Policy charges and fee income 6,677,744 1,476,927 1,172,867
Net investment income 2,154,525 1,507,280 785,609
Asset administration fees 212,328 223,803 275,702
Other Income (loss) 743,843 747,789 (634,120)
Realized Investment Gains (Losses) 498,953 (1,102,789) 276,094
Change in value of market risk benefits, net of related hedging gain (losses) (473,209) (169,565) (558,535)
TOTAL REVENUES 10,158,567 2,972,789 1,549,117
BENEFITS AND EXPENSES      
Policyholders’ benefits 7,338,059 448,286 430,184
Change in estimates of liability for future policy benefits (14,594) 6,067 38,468
Interest credited to policyholders’ account balances 956,863 557,510 397,637
Amortization of deferred policy acquisition costs (285,676) 518,939 501,979
General, administrative and other expense 1,180,030 1,074,134 1,072,835
TOTAL BENEFITS AND EXPENSES 9,174,682 2,604,936 2,441,103
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES AND OPERATING JOINT VENTURE 983,885 367,853 (891,986)
Income tax expense (benefit) 147,233 14,006 (265,913)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 836,652 353,847 (626,073)
Equity In Earnings Of Subsidiaries (12,237) 96,844 (69,829)
Equity in earnings of operating joint venture, net of taxes (425) (433) (75,137)
Net income (loss) 823,990 450,258 (771,039)
Net unrealized investment gains (losses) (246,952) 632,819 (1,877,552)
Interest rate remeasurement of future policy benefits 45,461 (50,679) 250,486
Gain (loss) from changes in non-performance risk on market risk benefits (401,884) (597,135) 1,298,259
Other (118,775) (11,539) (183,909)
Total (722,150) (26,534) (512,716)
Less: Income tax expense (benefit) related to other comprehensive income (loss) (151,234) (5,638) (106,197)
Other Comprehensive Income (Loss), Net of Tax (570,916) (20,896) (406,519)
Total Comprehensive Income (Loss) 253,074 429,362 (1,177,558)
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization Expense, Realized Gain (Loss) $ (2,740) $ 6,296 $ (1,419)
[1] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.
[2] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.