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Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
Premiums (includes $1,177, $(53), $1,886, and $(2,575) of gains (losses) from changes in estimates on deferred profit liability amortization for the three months ended September 30, 2025 and 2024 and the nine months ended September 30, 2025 and 2024, respectively) $ 143,147 $ 97,089 $ 405,333 $ 284,192
Policy charges and fee income 401,893 408,767 1,270,855 3,706,806
Net investment income 839,394 638,692 2,337,443 1,724,005
Asset administration fees 51,923 56,428 153,970 168,173
Other income (loss) 253,359 388,776 [1] 669,846 744,889 [1]
Realized Investment gains (losses), net (347,869) (651,518) [1] (1,273,607) 150,425 [1]
Change in value of market risk benefits, net of related hedging gains (losses) 116,178 (175,401) [1] (496,062) (353,588) [2]
TOTAL REVENUES 1,458,025 762,833 3,067,778 6,424,902
BENEFITS AND EXPENSES        
Policyholders' benefits 164,970 130,681 607,614 4,372,968
Net change in estimates of liability for future policy benefits 13,680 2,434 (87,208) (15,745)
Interest credited to policyholders’ account balances 365,256 256,160 [1] 827,595 740,734 [1]
Amortization of deferred policy acquisition costs 165,512 151,463 [1] 489,849 172,613 [1]
General, administrative and other expenses 305,775 296,125 [1] 863,603 865,503 [1]
TOTAL BENEFITS AND EXPENSES 1,015,193 836,863 2,701,453 6,136,073
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total 442,832 (74,030) 366,325 288,829
Income tax expense (benefit) 42,695 (42,247) [1] 39,384 19,331 [1]
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 400,137 (31,783) 326,941 269,498
Equity in earnings of operating joint venture, net of taxes (82) (95) (258) (338)
NET INCOME (LOSS) 400,055 (31,878) 326,683 269,160 [2]
Less: Income (loss) attributable to noncontrolling interests 2,559 6,042 10,733 9,114
NET INCOME (LOSS) ATTRIBUTABLE TO PRUCO LIFE INSURANCE COMPANY 397,496 (37,920) 315,950 260,046
Other comprehensive income (loss), before tax:        
Foreign currency translation adjustments (1,332) 5,756 3,392 1,578
Net unrealized investment gains (losses) 411,981 1,127,407 [1] 1,015,209 658,407 [1]
Interest rate remeasurement of future policy benefits (35,839) (87,870) (51,770) (21,655)
Gain (loss) from changes in non-performance risk on market risk benefits (252,961) 50,314 [1] (84,639) (133,558) [1]
Total 121,849 1,095,607 882,192 504,772
Less: Income tax expense (benefit) related to other comprehensive income (loss) 25,864 229,226 [1] 185,674 105,677 [1]
Other comprehensive income (loss), net of taxes 95,985 866,381 696,518 399,095
Total comprehensive income (loss) 496,040 834,503 1,023,201 668,255
Less: Comprehensive income (loss) attributable to noncontrolling interests 2,559 6,042 10,733 9,114
Comprehensive income (loss) attributable to Pruco Life Insurance Company $ 493,481 $ 828,461 $ 1,012,468 $ 659,141
[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.