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Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2025-$42,828; 2024-$40,414) (amortized cost: 2025–$40,807,986; 2024–$36,980,933) $ 39,166,072 $ 34,986,160
Fixed maturities, trading, at fair value (amortized cost: 2025–$4,761,537; 2024–$4,415,277) 4,278,652 3,845,045
Equity securities, at fair value (cost: 2025– $2,478,826; 2024–$2,650,542) 2,384,261 2,623,820
Policy loans 1,556,658 1,541,480
Short-term investments (net of allowance for credit losses: 2025-$57; 2024-$49) 459,714 517,386
Commercial mortgage and other loans (net of $39,784 and $37,715 allowance for credit losses at March 31, 2025 and December 31, 2024, respectively) 8,054,419 7,759,323
Other invested assets (includes $120,398 and $68,623 of assets measured at fair value at March 31, 2025 and December 31, 2024, respectively) 2,040,612 1,582,094
Total investments 57,940,388 52,855,308
Cash and cash equivalents 2,102,338 3,325,698
Deferred policy acquisition costs 8,004,461 7,807,060
Accrued investment income 502,312 466,394
Reinsurance Recoverables and deposit receivables (includes $716,645 and $645,193 of embedded derivatives at fair value at March 31, 2025 and December 31, 2024, respectively) 49,168,211 48,247,817
Receivables from parent and affiliates 641,061 678,028
Deferred sales inducements 316,062 322,351
Income tax assets 2,002,342 2,120,654
Market risk benefit assets 2,508,967 2,637,363
Other assets 1,803,131 1,850,800
Separate account assets 113,586,513 118,143,256
TOTAL ASSETS 238,575,786 238,454,729
LIABILITIES    
Policyholders’ account balances 71,559,381 69,628,318
Future policy benefits 25,543,127 25,113,767
Market risk benefit liabilities 4,803,284 4,281,244
Cash collateral for loaned securities 236,793 121,372
Reinsurance and funds withheld payables 8,889,142 8,611,141
Payables to parent and affiliates 4,267,511 3,653,848
Other liabilities 4,221,908 4,199,803
Separate account liabilities 113,586,513 118,143,256
Total liabilities 233,107,659 233,752,749
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 5,169,602 4,923,299
Retained earnings / (accumulated deficit) 402,088 272,519
Accumulated other comprehensive income (loss) (268,909) (601,877)
Total Pruco Life Insurance Company equity 5,305,281 4,596,441
Noncontrolling Interests 162,846 105,539
Total equity 5,468,127 4,701,980
TOTAL LIABILITIES AND EQUITY $ 238,575,786 $ 238,454,729