XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2025-$16,969; 2024-$40,414) (amortized cost: 2025–$43,550,555; 2024–$36,980,933) $ 42,552,406 $ 34,986,160
Fixed maturities, trading, at fair value (amortized cost: 2025–$4,968,616; 2024–$4,415,277) 4,591,073 3,845,045
Equity securities, at fair value (cost: 2025– $792,018; 2024–$2,650,542) 810,444 2,623,820
Policy loans 1,613,609 1,541,480
Short-term investments (net of allowance for credit losses: 2025-$65; 2024-$49) 316,993 517,386
Commercial mortgage and other loans (net of $38,516 and $37,715 allowance for credit losses at June 30, 2025 and December 31, 2024, respectively) 8,671,415 7,759,323
Other invested assets (includes $166,385 and $68,623 of assets measured at fair value at June 30, 2025 and December 31, 2024, respectively) [1] 2,300,289 1,582,094
Total investments 60,856,229 52,855,308
Cash and cash equivalents 2,340,343 3,325,698
Deferred policy acquisition costs 8,203,410 7,807,060
Accrued investment income 577,220 466,394
Reinsurance Recoverables and deposit receivables (includes $722,068 and $645,193 of embedded derivatives at fair value at June 30, 2025 and December 31, 2024, respectively) 50,219,999 48,247,817
Receivables from parent and affiliates 687,750 678,028
Deferred sales inducements 308,974 322,351
Income tax assets 2,018,348 2,120,654
Market risk benefit assets 2,534,340 2,637,363
Other assets 1,816,473 1,850,800
Separate account assets 117,646,018 118,143,256
TOTAL ASSETS 247,209,104 238,454,729
LIABILITIES    
Policyholders’ account balances 77,316,563 69,628,318
Future policy benefits 26,057,472 25,113,767
Market risk benefit liabilities 4,668,492 4,281,244
Cash collateral for loaned securities 218,787 121,372
Reinsurance and funds withheld payables 9,042,306 8,611,141
Short-term debt to affiliates 5,004 0
Payables to parent and affiliates [1] 2,533,766 3,653,848
Other liabilities [1] 4,038,981 4,199,803
Separate account liabilities 117,646,018 118,143,256
Total liabilities 241,527,389 233,752,749
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 5,387,426 4,923,299
Retained earnings / (accumulated deficit) 190,973 272,519
Accumulated other comprehensive income (loss) (1,344) (601,877)
Total Pruco Life Insurance Company equity 5,579,555 4,596,441
Noncontrolling Interests 102,160 105,539
Total equity 5,681,715 4,701,980
TOTAL LIABILITIES AND EQUITY $ 247,209,104 $ 238,454,729
[1] See Note 4 for details of balances associated with variable interest entities.