XML 16 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2024 – $40,414; 2023 – $2,008) (amortized cost: 2024 – $36,980,933; 2023 – $27,538,066) $ 34,986,160 $ 26,131,780
Fixed maturities, trading, at fair value (amortized cost: 2024 – $4,415,277; 2023 – $3,476,746) 3,845,045 2,796,446
Equity securities, at fair value (cost: 2024 – $2,650,542; 2023 – $824,270) 2,623,820 844,950
Policy loans 1,541,480 1,472,677
Short-term investments (net of allowance for credit losses: 2024 – $49; 2023 – $0) 517,386 380,366
Commercial mortgage and other loans (net of $37,715 and $37,689 allowance for credit losses at December 31, 2024 and 2023, respectively) 7,759,323 6,122,721
Other invested assets (includes $68,623 and $85,025 of assets measured at fair value at December 31, 2024 and 2023, respectively) 1,582,094 1,222,985
Total investments 52,855,308 38,971,925
Cash and cash equivalents 3,325,698 2,139,792
Deferred policy acquisition costs 7,807,060 7,144,736 [1]
Accrued investment income 466,394 333,838
Reinsurance recoverables and deposit receivables (includes $884,557 and $293,764 of embedded derivatives at fair value at December 31, 2024 and December 31, 2023, respectively) 48,247,817 40,256,800 [1],[2]
Receivables from parent and affiliates 678,028 332,583
Deferred sales inducements 322,351 351,424
Income tax assets 2,120,654 1,742,585 [1]
Market risk benefit assets 2,637,363 2,367,243
Other assets 1,850,800 440,276 [2]
Separate account assets 118,143,256 119,188,485
TOTAL ASSETS 238,454,729 213,269,687
LIABILITIES    
Policyholders’ account balances 69,628,318 52,986,700 [1]
Future policy benefits 25,113,767 23,205,205
Market risk benefit liabilities 4,281,244 5,156,858 [1]
Cash collateral for loaned securities 121,372 218,310
Reinsurance and funds withheld payables (includes $0 and $6,115 of embedded derivatives at fair value at December 31, 2024 and 2023, respectively) 8,611,141 2,738,979 [1],[2]
Short-term debt to affiliates 0 180,411
Payables to parent and affiliates 3,653,848 2,667,696
Other Liabilities 4,199,803 2,424,179 [2]
Separate account liabilities 118,143,256 119,188,485
Total liabilities 233,752,749 208,766,823
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 4,923,299 5,052,602
Retained Earnings (accumulated deficit) 272,519 (551,471) [1]
Accumulated other comprehensive income (loss) (601,877) (30,961) [1]
Total Pruco Life Insurance Company equity 4,596,441 4,472,670
Noncontrolling Interests 105,539 30,194
Total equity 4,701,980 4,502,864
TOTAL LIABILITIES AND EQUITY $ 238,454,729 $ 213,269,687
[1] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.
[2] Prior period amounts have been reclassified to conform to current period presentation.