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Private company

PRUCO LIFE INSURANCE CO

PRUCO LIFE INSURANCE CO is an American life insurance company that raised $5.3 billion in 2023 (SEC Form D).2 It is headquartered in Newark, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryLife Insurance2
  • HeadquartersNewark, United States2
  • Incorporated inAZ3
  • Business address213 Washington St, 111 Durham Avenue, Newark, Nj 071023
  • Filer categoryNon-accelerated filer3
  • Legal formCorporation2
  • LEIWD1VLJACN4N8BKI6YK622
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O C T Corporation System, 85012 Phoenix, United States2
  • Registered withNational Association of Insurance Commissioners, 792272

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Pruco Life Insurance Company (“Pruco Life”) is a wholly-owned subsidiary of The Prudential Insurance Company of America, (“Prudential Insurance”), which in turn is a direct wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). See Note 1 to the Consolidated Financial Statements for additional information.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.6%Net margin6
-46.5%Revenue growth, 20256
23.1%Return on equity6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs62¢$3.7B
  • Income tax7¢$420.6M
  • Profit31¢$1.8B

Out of $6.0B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$4.2B

Out of $4.2B of cash from operations.6

Financial statements

Revenue789106$6.0B in 2025+531% since 2019
-$5.0B0$5.0B$10.0B$15.0B2019: $949.4M$949.4M20192020: $1.1B$1.1B2020+18%2021: -$2.1B-$2.1B20212022: $1.6B$1.6B20222023: $3.3B$3.3B2023+102%2024: $11.2B$11.2B2024+242%2025: $6.0B$6.0B2025−46%
Net income789106$1.8B in 2025+744% since 2019
-$2.0B-$1.0B0$1.0B$2.0B2019: $217.0M$217.0M20192020: $196.7M$196.7M2020−9%2021: -$1.4B-$1.4B20212022: -$771.0M-$771.0M2022−45%2023: $450.3M$450.3M20232024: $824.0M$824.0M2024+83%2025: $1.8B$1.8B2025+122%
Fiscal year2019202020212022202320242025
Revenue$949.4M7$1.1B8-$2.1B9$1.6B10$3.3B6$11.2B6$6.0B6
Operating expenses-$2.0B9$1.7B10$979.3M6$473.4M6$924.4M6
Income before tax-$1.9B9-$992.6M10$477.6M10$973.1M6$2.3B6
Income tax-$59.1M7-$130.2M8-$474.8M9-$296.7M10$26.5M6$135.1M6$420.6M6
Net income$217.0M7$196.7M8-$1.4B9-$771.0M10$450.3M6$824.0M6$1.8B6

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Corporate structure

PRUCO LIFE INSURANCE CO is part of a group headed by Prudential Financial. 1,122 entities, 21 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Prudential Financial Newark, New Jersey, United States
    • PGIM, INC. New York, New York, United States
      • 88 more
    • PRUDENTIAL INSURANCE COMPANY OF AMERICA Newark, New Jersey, United States
      • PRUCO LIFE INSURANCE CO Newark, New Jersey, United States
        • 2 more
      • Union Carbide New York, New York, United States
        • 2 more
      • IRONBOUND FUND LLC Subsidiary · Wilmington, Delaware, United States
      • IRONBOUND REINSURANCE CAPTIVE COMPANY Subsidiary · Newark, New Jersey, United States
      • Lotus Reinsurance Company Ltd. Subsidiary · Hamilton, Bermuda
      • PGIM REF EUROPE MEMBER, LLC Subsidiary · Wilmington, Delaware, United States
      • Platinum, L.P. Subsidiary · Newark, New Jersey, United States
      • PRU 3XSquare, LLC Subsidiary · Newark, New Jersey, United States
      • PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY Subsidiary · Scottsdale, Arizona, United States
      • PRUDENTIAL FUNDING LLC Subsidiary · Newark, New Jersey, United States
      • PRUDENTIAL GLOBAL FUNDING LLC Subsidiary · Newark, New Jersey, United States
      • Prudential Insurance Company Of America On Behalf Of Its 98287 Pru Single Client Buy-out Sa Separate Account Subsidiary · Newark, New Jersey, United States
      • PRUDENTIAL LEGACY INS CO OF NJ Subsidiary · Newark, New Jersey, United States
      • PRUDENTIAL SELECT STRATEGIES LLC Subsidiary · Newark, New Jersey, United States
      • THE PRUDENTIAL INSURANCE COMPANY OF AMERICA Subsidiary · Newark, New Jersey, United States
        • 1 more
      • The Prudential Insurance Company of America Non-Participating Group Annuity Separate Account 2 Subsidiary · Newark, New Jersey, United States
      • The Prudential Insurance Company of America on behalf of it Project Baton Separate Account Subsidiary · Newark, New Jersey, United States
      • The Prudential Insurance Company of America on behalf of its Project Avocado Separate Account Subsidiary · Newark, New Jersey, United States
      • The Prudential Insurance Company of America on behalf of its Project Hancock PRT Separate Account Subsidiary · Newark, New Jersey, United States
      • THE PRUDENTIAL INSURANCE COMPANY OF AMERICA ON BEHALF OF THE PROJECT GELATO-PORTFOLIO PROTECTED BUY-OUT SEPARATE ACCOUNT Subsidiary · Newark, New Jersey, United States
      • PGIM BROAD MARKET HIGH YIELD BOND FUND, L.P. Fund · Newark, New Jersey, United States
      • Property Investment Separate Account (PRISA) Fund · Newark, New Jersey, United States
      • Prudential Discovery Premier Group Variable Contract Account Fund · Newark, New Jersey, United States
      • Prudential Discovery Select Group Variable Contract Account Fund · Newark, New Jersey, United States
      • Prudential Trust Company, as Trustee of the Trust dated August 21, 2008 by and between Commerce Street Investments, LLC and Prudential Trust Company Fund · Newark, New Jersey, United States
      • and 32 more
    • PRUDENTIAL MORTGAGE CAPITAL FUNDING, LLC Wilmington, Delaware, United States
      • 1 more
    • プルデンシャル・ホールディング・オブ・ジャパン Subsidiary · Nagatachō, Japan
      • 1 more
    • PGIM Netherlands B.V. Subsidiary · 100% · Amsterdam, Netherlands
      • 15 more
    • 210-220 E. 22nd Street SSGA Owner, LLC Subsidiary · Delaware, United States
    • Adlerwerke CB Investment LLC Subsidiary · Delaware, United States
    • Administradora Americana de Inversiones S.A. Subsidiary · Chile
    • Administradora de Fondos de Pensiones Habitat, S.A. Subsidiary · Chile
    • Administradora de Inversiones Previsionales SpA Subsidiary · Chile
    • Alexander Forbes Group Holdings Limited Subsidiary · South Africa
    • Amber Five (GP) Limited Subsidiary · Guernsey
    • Amber VII GP Limited Subsidiary · Guernsey
    • AREF Cayman Co Ltd. Subsidiary · Cayman Islands
    • AREF GP II Pte. Ltd. Subsidiary · Singapore
    • AREF GP Ltd. Subsidiary · Cayman Islands
    • Art 10 (GP) Limited Subsidiary · Guernsey
    • Asia Property Fund III GP S.à r.l. Subsidiary · Luxembourg
    • ASPF III (Scots) L.P. Subsidiary · United Kingdom
    • Assurance Intelligence, LLC Subsidiary · Washington, United States
    • Assurance IQ, LLC Subsidiary · Washington, United States
    • AST Investment Services, Inc. Subsidiary · Connecticut, United States
    • Ballyshannon Holdings III, LLC Subsidiary · Delaware, United States
    • Ballyshannon Partners (Ireland) III, L.P. Subsidiary · Delaware, United States
    • Ballyshannon Partners (Rated Feeder Fund GP) III, LLC Subsidiary · Delaware, United States
    • and 554 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What PRUCO LIFE INSURANCE CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.9B6 Dec 31, 2025$3.3B6 Dec 31, 2024−13.5%
Marketable securities, current$320.8M6 Dec 31, 2025$517.4M10 Dec 31, 2024−38.0%
Debt securities available for sale$47.6B6 Dec 31, 2025$35.0B6 Dec 31, 2024+36.1%
Equity securities at fair value$2.9B6 Dec 31, 2025$2.6B6 Dec 31, 2024+9.4%

Properties, in its own words

Office space is provided by Prudential Insurance, as described under “Expense Charges and Allocations” in Note 16 to the Consolidated Financial Statements.

Item 2 of the 10-K filed Mar 6, 2026.5

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Director and TreasurerAlan M. Finkelstein named Jul 21, 202615
  • Chief Compliance OfficerDaniel T. McNulty named Jul 21, 202615
  • Vice President, Chief Legal Officer and SecretaryKaren M. Sills named Jul 21, 202615
  • Senior Vice President and Chief ActuaryMatthew H. Silver named Jul 21, 202615
  • Director and Vice PresidentReshma V. Abraham named Jul 21, 202615
  • Vice President and ControllerRobert M. Kutyla named Jul 21, 202615
  • Director, President and Chief Executive OfficerScott E. Gaul named Jul 21, 202615
  • Vice President and Chief Investment OfficerScott G. Pelkola named Jul 21, 202615
  • DirectorBradley O. Harris named Jul 21, 202615
  • DirectorSalene V. Hitchcock-Gear named Jul 21, 202615

Subsidiaries and ownership

Parent company (GLEIF)

Ultimate parent

Subsidiaries (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Aug 16, 20248-K Results of operations; Earlier financial statements no longer reliable16
  2. Jul 14, 20238-K Other events17
  3. Nov 2, 2018Parent Directly consolidated by PRUDENTIAL INSURANCE COMPANY OF AMERICA2
  4. Dec 23, 1971Founded PRUCO LIFE INSURANCE CO is founded2

Calendar

When it reported results

  1. Aug 16, 2024Reported quarterly or annual results16

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

160 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 2 major events, 6 private raises, 133 other. The latest 20:

  1. Jul 21, 2026D/A EDGAR
  2. Jun 29, 2026D/A EDGAR
  3. May 22, 2026424B3 EDGAR
  4. May 22, 2026424B3 EDGAR
  5. May 22, 2026424B3 EDGAR
  6. May 14, 2026EFFECT EDGAR
  7. May 11, 2026S-1/A EDGAR
  8. May 1, 2026EFFECT EDGAR
  9. May 1, 2026EFFECT EDGAR
  10. May 1, 2026EFFECT EDGAR
  11. Apr 21, 2026POS AM EDGAR
  12. Apr 21, 2026POS AM EDGAR
  13. Apr 20, 2026POS AM EDGAR
  14. Apr 20, 2026POS AM EDGAR
  15. Apr 20, 2026S-1/A PL INDEX STRATEGIES EDGAR
  16. Mar 6, 202610-K 10-K - 4Q 2025 EDGAR
  17. Mar 3, 2026S-1 EDGAR
  18. Feb 20, 2026POS AM EDGAR
  19. Feb 13, 2026EFFECT EDGAR
  20. Feb 5, 2026S-3/A EDGAR

The 160 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$5.3B 2023–2023
Money received by yearMoney received by year, 2023–2023: $5.3B in all. Private raises (Form D) $5.3B.$0$2B$4B$6B2023 · Private raises (Form D): $5.3B2023
Figures by year
YearPrivate raises (Form D)Total
2023$5.3B$5.3B

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Dec 20, 2023Raised $5.3 billion in a private offering of securities15 Form D: 11 investors so far Form D

SEC filer profile

How PRUCO LIFE INSURANCE CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPRUCO LIFE INSURANCE CO1
  • CIK0000777917
  • Employer ID (EIN)22-19445575
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inArizona5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6311 Life Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address213 Washington St, 111 Durham Avenue, Newark, NJ 071021
  • Mailing address213 Washington Street, Newark, NJ 071021
  • Phone20180260001
  • Shares outstanding250,000 shares as of Mar 6, 20265
  • Public float$0 as of Dec 31, 202518
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMar 31, 19951
  • Filings760 in all: 424B3 (310), 10-Q (93), EFFECT (66), POS AM (59), S-3 (42), 10-K (31), S-3/A (27), CORRESP (19)1
    All 36 form types

    8-K (16), 4 (9), 40-APP (7), D/A (7), UPLOAD (7), 40-OIP/A (6), 10-Q/A (5), 40-APP/A (5), POS AMI (5), 40-6C/A (4), 497 (4), 497J (4), RW (4), S-1 (4), S-1/A (4), 3 (3), 40-6C (3), APP WD (3), 10-K/A (2), 40-OIP (2), NT 10-Q (2), 10-K405 (1), 424B1 (1), ADN-MTL (1), APP NTC (1), D (1), OIP NTC (1), OIP ORDR (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Nov 7, 2025
    Latest 8-K (8-K) Aug 16, 2024

Risk factors and legal proceedings

The risks PRUCO LIFE INSURANCE CO names in Item 1A of its 10-K filed Mar 6, 2026: 23 risks under these headings, as written.5

  • Investment Risk
  • Our investment portfolios are subject to the risk of loss due to default or deterioration in credit quality or value.
  • Our investment portfolio is subject to credit risk, which is the risk that an obligor (or guarantor) is unable or unwilling to meet its contractual payment obligations on its fixed maturity security, loan or other obligations.
  • The Company is subject to counterparty risk, which is the risk that the counterparty to a transaction could default or deteriorate in creditworthiness before or at the final settlement of a transaction.
  • Our investment portfolio is subject to equity risk, which is the risk of loss due to deterioration in market value of public equity or alternative assets.
  • Insurance Risk
  • We have significant liabilities for policyholders' benefits which are subject to insurance risk. Insurance risk is the risk that actual experience deviates adversely from our insurance assumptions, including mortality, morbidity, and policyholder behavior assumptions.
  • Certain of our insurance products are subject to mortality risk, which is the risk that actual deaths experienced deviate adversely from our expectations.
  • Our ability to reprice products is limited, and may not compensate for deviations from our expected insurance assumptions.
  • The profitability of many of our insurance and annuity products are subject to market risk. Market risk is the risk of loss from changes in interest rates and equity prices.
  • Our insurance and annuity products, and our investment returns, are subject to interest rate risk, which is the risk of loss arising from asset/liability duration mismatches within our general account investments.
  • Guarantees within certain of our products, in particular our variable annuities and to a lesser extent certain individual life products, are market sensitive and may decrease our earnings or increase the volatility of our results of operations or financial position.
The other 13 risks
  • We are subject to counterparty risk associated with reinsurance transactions.
  • Liquidity Risk
  • As a financial services company, we are exposed to liquidity risk, which is the risk that the Company is unable to meet near-term obligations as they come due.
  • Operational Risk
  • Operational Risk Types
  • Potential Impacts
  • We are subject to business continuation risk, which is the risk that our operations, systems or data, or those of third- parties on whom we rely, may be disrupted.
  • We, or third-parties on whom we rely, may not adequately maintain information security.
  • The development and adoption of artificial AI, including generative AI and agentic AI, and its use and anticipated use by us or by third-parties on whom we rely, may increase the operational risks discussed above or create new operational risks that we are not currently anticipating.
  • We, or third-parties on whom we rely, may not adequately ensure the integrity, confidentiality, or availability of personal and confidential information.
  • Third-parties (outsourcing providers, vendors and suppliers and joint venture partners) present added operational risk to our enterprise.
  • The manner in which our products are distributed, including by affiliate and third-party distributors of our products presents added regulatory, competitive and other risks to our enterprise.
  • Strategic Risk
  • We are subject to the risk of events that can cause our fundamental business model to change, either through a shift in the businesses in which we are engaged or a change in our execution.
  • Our ability to successfully execute on strategic transactions is subject to risks.
  • Changes in the regulatory landscape may be unsettling to our business model.
  • Changes in technology and other external factors may be unsettling to our business model.
  • •Our reputation may be adversely impacted if any of the risks described in this section are realized.

Legal proceedings

See Note 17 to the Consolidated Financial Statements under “Litigation and Regulatory Matters” for a description of certain pending litigation and regulatory matters affecting us, and certain risks to our business presented by such matters.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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