2024 Q3 Form 10-Q Financial Statement

#000113777424000151 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $19.49B $14.88B
YoY Change 133.36% 10.26%
Cost Of Revenue $14.03B $8.864B
YoY Change 171.68% 15.7%
Gross Profit $5.463B $6.019B
YoY Change 71.31% 3.12%
Gross Profit Margin 28.03% 40.44%
Selling, General & Admin $3.500B $3.303B
YoY Change 14.27% -4.15%
% of Gross Profit 64.07% 54.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $367.0M $375.0M
YoY Change 1.66% 2.46%
% of Gross Profit 6.72% 6.23%
Operating Expenses $17.95B $13.47B
YoY Change 90.79% 4.59%
Operating Profit -$12.49B -$7.449B
YoY Change 100.77% 5.81%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $553.0M $1.415B
YoY Change -152.27% 127.86%
Income Tax $140.0M $264.0M
% Of Pretax Income 25.32% 18.66%
Net Earnings $448.0M $1.198B
YoY Change -155.86% 134.44%
Net Earnings / Revenue 2.3% 8.05%
Basic Earnings Per Share $1.24 $3.30
Diluted Earnings Per Share $1.24 $3.28
COMMON SHARES
Basic Shares Outstanding 357.0M shares 359.0M shares
Diluted Shares Outstanding 358.7M shares 360.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $20.20B $17.11B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $471.3B $434.9B
YoY Change 15.72% 2.25%
Other Assets $30.00M $20.00M
YoY Change -18.92% -52.38%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $760.3B $715.2B
YoY Change 11.6% 2.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $519.0M $503.0M
YoY Change -2.63% -0.79%
Long-Term Debt Due $431.0M $85.00M
YoY Change 425.61% -66.8%
Total Short-Term Liabilities $3.039B $1.334B
YoY Change 138.92% -26.74%
LONG-TERM LIABILITIES
Long-Term Debt $19.08B $19.35B
YoY Change 1.05% 2.53%
Other Long-Term Liabilities $20.67B $19.47B
YoY Change -35.64% -10.38%
Total Long-Term Liabilities $19.08B $19.35B
YoY Change 1.05% 2.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.039B $1.334B
Total Long-Term Liabilities $19.08B $19.35B
Total Liabilities $727.7B $685.1B
YoY Change 11.22% 2.58%
SHAREHOLDERS EQUITY
Retained Earnings $33.71B $33.74B
YoY Change 7.05% 2.99%
Common Stock $25.86B $25.81B
YoY Change 0.53% 0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.31B $24.09B
YoY Change 3.15% 3.14%
Treasury Stock Shares
Shareholders Equity $30.42B $28.01B
YoY Change
Total Liabilities & Shareholders Equity $760.3B $715.2B
YoY Change 11.6% 2.57%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $448.0M $1.198B
YoY Change -155.86% 134.44%
Depreciation, Depletion And Amortization $367.0M $375.0M
YoY Change 1.66% 2.46%
Cash From Operating Activities $1.105B -$146.0M
YoY Change -61.09% -111.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$5.700B -$5.340B
YoY Change 97.85% 88.03%
Cash From Investing Activities -$5.700B -$5.340B
YoY Change 97.85% 88.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.429B 4.002B
YoY Change 215.72% -494.29%
NET CHANGE
Cash From Operating Activities 1.105B -146.0M
Cash From Investing Activities -5.700B -5.340B
Cash From Financing Activities 7.429B 4.002B
Net Change In Cash 2.834B -1.484B
YoY Change 22.58% -43.6%
FREE CASH FLOW
Cash From Operating Activities $1.105B -$146.0M
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates include those used in determining future policy benefits; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; market risk benefits; the measurement of goodwill and any related impairment; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); pension and other postretirement benefits; any provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.</span></div>
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in prior periods have been reclassified to conform to the current period presentation.</span></div>
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CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
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CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
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CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
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33210000000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
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CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
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CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
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CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
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CY2024Q2 pru Non Derivative Aoci Net Investment Hedge Before Tax
NonDerivativeAOCINetInvestmentHedgeBeforeTax
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pru Non Derivative Aoci Net Investment Hedge Before Tax
NonDerivativeAOCINetInvestmentHedgeBeforeTax
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CY2023Q2 pru Non Derivative Aoci Net Investment Hedge Before Tax
NonDerivativeAOCINetInvestmentHedgeBeforeTax
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pru Non Derivative Aoci Net Investment Hedge Before Tax
NonDerivativeAOCINetInvestmentHedgeBeforeTax
45000000 usd
CY2024Q2 pru Prismic Embedded Derivative Gain Loss On Derivative Net
PRISMICEmbeddedDerivativeGainLossOnDerivativeNet
189000000 usd
pru Prismic Embedded Derivative Gain Loss On Derivative Net
PRISMICEmbeddedDerivativeGainLossOnDerivativeNet
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
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CY2024Q2 pru Accumulated Other Comprehensive Income Loss Net Investment Hedge Before Tax
AccumulatedOtherComprehensiveIncomeLossNetInvestmentHedgeBeforeTax
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pru Accumulated Other Comprehensive Income Loss Net Investment Hedge Before Tax
AccumulatedOtherComprehensiveIncomeLossNetInvestmentHedgeBeforeTax
113000000 usd
CY2023Q2 pru Accumulated Other Comprehensive Income Loss Net Investment Hedge Before Tax
AccumulatedOtherComprehensiveIncomeLossNetInvestmentHedgeBeforeTax
63000000 usd
pru Accumulated Other Comprehensive Income Loss Net Investment Hedge Before Tax
AccumulatedOtherComprehensiveIncomeLossNetInvestmentHedgeBeforeTax
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CY2024Q2 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
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CY2024Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
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CY2023Q4 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
3446000000 usd
CY2023Q4 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
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CY2024Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
2233000000 usd
CY2023Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
1951000000 usd
CY2024Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
4592000000 usd
CY2023Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
5462000000 usd
CY2024Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
18324000000 usd
CY2024Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
18324000000 usd
CY2024Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
18324000000 usd
CY2024Q2 us-gaap Derivative Assets
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CY2024Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2024Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
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CY2024Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2024Q2 us-gaap Derivative Liabilities
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CY2023Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2023Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
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CY2023Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
13158000000 usd
CY2023Q4 us-gaap Derivative Assets
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CY2023Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
22973000000 usd
CY2023Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
22973000000 usd
CY2023Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
22973000000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4181000000 usd
CY2024Q2 us-gaap Deferred Policy Acquisition Costs
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20564000000 usd
CY2023Q2 us-gaap Deferred Policy Acquisition Costs
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20320000000 usd
CY2024Q2 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
425000000 usd
CY2023Q2 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
462000000 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Remainder Of Fiscal Year
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CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
39000000 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
35000000 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
32000000 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
29000000 usd
CY2024Q2 pru Present Value Of Future Insurance Profits Expected Amortization After Year Four
PresentValueOfFutureInsuranceProfitsExpectedAmortizationAfterYearFour
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CY2024Q2 us-gaap Value Of Business Acquired Voba
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446000000 usd
CY2024Q2 us-gaap Separate Account Assets
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CY2023Q4 us-gaap Separate Account Assets
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CY2024Q2 us-gaap Separate Accounts Liability
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CY2024Q2 us-gaap Separate Account Liability Cash Surrender Value Amount
SeparateAccountLiabilityCashSurrenderValueAmount
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CY2023Q2 us-gaap Separate Accounts Liability
SeparateAccountsLiability
200871000000 usd
CY2023Q2 us-gaap Separate Account Liability Cash Surrender Value Amount
SeparateAccountLiabilityCashSurrenderValueAmount
199158000000 usd
CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
128625000000 usd
CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
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310685000000 usd
CY2024Q2 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
175973000000 usd
CY2023Q2 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
125454000000 usd
CY2023Q2 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
314408000000 usd
CY2023Q2 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
187881000000 usd
CY2024Q2 us-gaap Additional Liability Long Duration Insurance Weighted Average Duration
AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration
P22Y
CY2023Q2 us-gaap Additional Liability Long Duration Insurance Weighted Average Duration
AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration
P22Y
CY2024Q2 us-gaap Additional Liability Long Duration Insurance Current Weighted Average Discount Rate
AdditionalLiabilityLongDurationInsuranceCurrentWeightedAverageDiscountRate
0.0340
CY2023Q2 us-gaap Additional Liability Long Duration Insurance Current Weighted Average Discount Rate
AdditionalLiabilityLongDurationInsuranceCurrentWeightedAverageDiscountRate
0.0339
CY2024Q2 pru Liability For Future Policy Benefit Before Reinsurance Reserve Post Flooring
LiabilityForFuturePolicyBenefitBeforeReinsuranceReservePostFlooring
182150000000 usd
CY2023Q2 pru Liability For Future Policy Benefit Before Reinsurance Reserve Post Flooring
LiabilityForFuturePolicyBenefitBeforeReinsuranceReservePostFlooring
188974000000 usd
CY2024Q2 pru Liability For Future Policy Benefit Before Reinsurance Deferred Profit Liability
LiabilityForFuturePolicyBenefitBeforeReinsuranceDeferredProfitLiability
14913000000 usd
CY2023Q2 pru Liability For Future Policy Benefit Before Reinsurance Deferred Profit Liability
LiabilityForFuturePolicyBenefitBeforeReinsuranceDeferredProfitLiability
14431000000 usd
CY2024Q2 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
AdditionalLiabilityLongDurationInsuranceBeforeReinsuranceAfterDiscountRateChange
14556000000 usd
CY2023Q2 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
AdditionalLiabilityLongDurationInsuranceBeforeReinsuranceAfterDiscountRateChange
13660000000 usd
CY2024Q2 pru Liability For Future Policy Benefit Before Reinsurance Excluding Other Future Policy Benefits Reserves
LiabilityForFuturePolicyBenefitBeforeReinsuranceExcludingOtherFuturePolicyBenefitsReserves
211619000000 usd
CY2023Q2 pru Liability For Future Policy Benefit Before Reinsurance Excluding Other Future Policy Benefits Reserves
LiabilityForFuturePolicyBenefitBeforeReinsuranceExcludingOtherFuturePolicyBenefitsReserves
217065000000 usd
CY2024Q2 pru Other Non Disclosed Future Policy Benefits Reserves
OtherNonDisclosedFuturePolicyBenefitsReserves
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CY2023Q2 pru Other Non Disclosed Future Policy Benefits Reserves
OtherNonDisclosedFuturePolicyBenefitsReserves
51584000000 usd
CY2024Q2 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
262330000000 usd
CY2023Q2 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
268649000000 usd
CY2024Q2 us-gaap Closed Block Liabilities Other Policyholder Funds
ClosedBlockLiabilitiesOtherPolicyholderFunds
4424000000 usd
CY2024Q2 pru Policyholder Account Balance Unearned Revenue Reserve Unearned Expense Credit And Additional Interest Reserve
PolicyholderAccountBalanceUnearnedRevenueReserveUnearnedExpenseCreditAndAdditionalInterestReserve
5622000000 usd
CY2024Q2 pru Policyholder Account Balance Other Adjustments
PolicyholderAccountBalanceOtherAdjustments
4168000000 usd
CY2024Q2 us-gaap Policyholder Funds
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CY2024Q2 us-gaap Policyholder Account Balance Weighted Average Crediting Rate
PolicyholderAccountBalanceWeightedAverageCreditingRate
0.0323
CY2024Q2 us-gaap Policyholder Account Balance Net Amount At Risk
PolicyholderAccountBalanceNetAmountAtRisk
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CY2024Q2 us-gaap Cash Surrender Value Due Policyholders Amount
CashSurrenderValueDuePolicyholdersAmount
126715000000 usd
CY2023Q2 us-gaap Closed Block Liabilities Other Policyholder Funds
ClosedBlockLiabilitiesOtherPolicyholderFunds
4543000000 usd
CY2023Q2 pru Policyholder Account Balance Unearned Revenue Reserve Unearned Expense Credit And Additional Interest Reserve
PolicyholderAccountBalanceUnearnedRevenueReserveUnearnedExpenseCreditAndAdditionalInterestReserve
4930000000 usd
CY2023Q2 pru Policyholder Account Balance Other Adjustments
PolicyholderAccountBalanceOtherAdjustments
4816000000 usd
CY2023Q2 us-gaap Policyholder Funds
PolicyholderFunds
138743000000 usd
CY2023Q2 us-gaap Policyholder Account Balance Weighted Average Crediting Rate
PolicyholderAccountBalanceWeightedAverageCreditingRate
0.0311
CY2023Q2 us-gaap Policyholder Account Balance Net Amount At Risk
PolicyholderAccountBalanceNetAmountAtRisk
470354000000 usd
CY2023Q2 us-gaap Cash Surrender Value Due Policyholders Amount
CashSurrenderValueDuePolicyholdersAmount
109276000000 usd
CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
2359000000 usd
CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
3511000000 usd
CY2024Q2 us-gaap Market Risk Benefit Net Amount At Risk
MarketRiskBenefitNetAmountAtRisk
9358000000 usd
CY2023Q2 us-gaap Market Risk Benefit Net Amount At Risk
MarketRiskBenefitNetAmountAtRisk
10885000000 usd
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P71Y
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P69Y
CY2024Q2 pru Market Risk Benefit Asset Amount Direct Assumed
MarketRiskBenefitAssetAmountDirectAssumed
1452000000 usd
CY2024Q2 pru Market Risk Benefit Asset Amount Ceded
MarketRiskBenefitAssetAmountCeded
781000000 usd
CY2024Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
2233000000 usd
CY2024Q2 pru Market Risk Benefit Liability Amount Direct And Assumed
MarketRiskBenefitLiabilityAmountDirectAndAssumed
4447000000 usd
CY2024Q2 pru Market Risk Benefit Liability Amount Ceded
MarketRiskBenefitLiabilityAmountCeded
145000000 usd
CY2024Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
4592000000 usd
CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
2359000000 usd
CY2023Q2 pru Market Risk Benefit Asset Amount Direct Assumed
MarketRiskBenefitAssetAmountDirectAssumed
1196000000 usd
CY2023Q2 pru Market Risk Benefit Asset Amount Ceded
MarketRiskBenefitAssetAmountCeded
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CY2023Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
1951000000 usd
CY2023Q2 pru Market Risk Benefit Liability Amount Direct And Assumed
MarketRiskBenefitLiabilityAmountDirectAndAssumed
5346000000 usd
CY2023Q2 pru Market Risk Benefit Liability Amount Ceded
MarketRiskBenefitLiabilityAmountCeded
116000000 usd
CY2023Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
5462000000 usd
CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
3511000000 usd
CY2024Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
6851000000 usd
CY2023Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
6239000000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
21673000000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
14989000000 usd
CY2024Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1545000000 usd
CY2023Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1244000000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
2996000000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
2422000000 usd
CY2024Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
576000000 usd
CY2023Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
574000000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
1312000000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
1139000000 usd
CY2024Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
7820000000 usd
CY2023Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
6909000000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
23357000000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
16272000000 usd
CY2024Q2 pru Insurance Commissions And Fees Earned
InsuranceCommissionsAndFeesEarned
949000000 usd
CY2023Q2 pru Insurance Commissions And Fees Earned
InsuranceCommissionsAndFeesEarned
927000000 usd
pru Insurance Commissions And Fees Earned
InsuranceCommissionsAndFeesEarned
1813000000 usd
pru Insurance Commissions And Fees Earned
InsuranceCommissionsAndFeesEarned
1893000000 usd
CY2024Q2 pru Insurance Commissions And Fees Assumed
InsuranceCommissionsAndFeesAssumed
299000000 usd
CY2023Q2 pru Insurance Commissions And Fees Assumed
InsuranceCommissionsAndFeesAssumed
307000000 usd
pru Insurance Commissions And Fees Assumed
InsuranceCommissionsAndFeesAssumed
599000000 usd
pru Insurance Commissions And Fees Assumed
InsuranceCommissionsAndFeesAssumed
615000000 usd
CY2024Q2 pru Insurance Commissions And Fees Ceded
InsuranceCommissionsAndFeesCeded
163000000 usd
CY2023Q2 pru Insurance Commissions And Fees Ceded
InsuranceCommissionsAndFeesCeded
161000000 usd
pru Insurance Commissions And Fees Ceded
InsuranceCommissionsAndFeesCeded
271000000 usd
pru Insurance Commissions And Fees Ceded
InsuranceCommissionsAndFeesCeded
301000000 usd
CY2024Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1085000000 usd
CY2023Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1073000000 usd
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2141000000 usd
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2207000000 usd
CY2024Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Earned
MarketRiskBenefitChangeInFairValueGainLossEarned
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CY2023Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Earned
MarketRiskBenefitChangeInFairValueGainLossEarned
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pru Market Risk Benefit Change In Fair Value Gain Loss Earned
MarketRiskBenefitChangeInFairValueGainLossEarned
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pru Market Risk Benefit Change In Fair Value Gain Loss Earned
MarketRiskBenefitChangeInFairValueGainLossEarned
88000000 usd
CY2024Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Assumed
MarketRiskBenefitChangeInFairValueGainLossAssumed
8000000 usd
CY2023Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Assumed
MarketRiskBenefitChangeInFairValueGainLossAssumed
83000000 usd
pru Market Risk Benefit Change In Fair Value Gain Loss Assumed
MarketRiskBenefitChangeInFairValueGainLossAssumed
79000000 usd
pru Market Risk Benefit Change In Fair Value Gain Loss Assumed
MarketRiskBenefitChangeInFairValueGainLossAssumed
83000000 usd
CY2024Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Ceded
MarketRiskBenefitChangeInFairValueGainLossCeded
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CY2023Q2 pru Market Risk Benefit Change In Fair Value Gain Loss Ceded
MarketRiskBenefitChangeInFairValueGainLossCeded
75000000 usd
pru Market Risk Benefit Change In Fair Value Gain Loss Ceded
MarketRiskBenefitChangeInFairValueGainLossCeded
64000000 usd
pru Market Risk Benefit Change In Fair Value Gain Loss Ceded
MarketRiskBenefitChangeInFairValueGainLossCeded
80000000 usd
CY2024Q2 us-gaap Market Risk Benefit Change In Fair Value Gain Loss
MarketRiskBenefitChangeInFairValueGainLoss
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CY2023Q2 us-gaap Market Risk Benefit Change In Fair Value Gain Loss
MarketRiskBenefitChangeInFairValueGainLoss
16000000 usd
us-gaap Market Risk Benefit Change In Fair Value Gain Loss
MarketRiskBenefitChangeInFairValueGainLoss
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us-gaap Market Risk Benefit Change In Fair Value Gain Loss
MarketRiskBenefitChangeInFairValueGainLoss
91000000 usd
CY2024Q2 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
7961000000 usd
CY2023Q2 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
6264000000 usd
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
23826000000 usd
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
15858000000 usd
CY2024Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
1938000000 usd
CY2023Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
2222000000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
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3781000000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
3787000000 usd
CY2024Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
1035000000 usd
CY2023Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
825000000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
2149000000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
1680000000 usd
CY2024Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
8864000000 usd
CY2023Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
25458000000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
17965000000 usd
CY2024Q2 pru Liability For Future Policy Benefit Direct Change In Estimates
LiabilityForFuturePolicyBenefitDirectChangeInEstimates
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CY2023Q2 pru Liability For Future Policy Benefit Direct Change In Estimates
LiabilityForFuturePolicyBenefitDirectChangeInEstimates
453000000 usd
pru Liability For Future Policy Benefit Direct Change In Estimates
LiabilityForFuturePolicyBenefitDirectChangeInEstimates
-67000000 usd
pru Liability For Future Policy Benefit Direct Change In Estimates
LiabilityForFuturePolicyBenefitDirectChangeInEstimates
429000000 usd
CY2024Q2 pru Liability For Future Policy Benefit Earned
LiabilityForFuturePolicyBenefitEarned
63000000 usd
CY2023Q2 pru Liability For Future Policy Benefit Earned
LiabilityForFuturePolicyBenefitEarned
-150000000 usd
pru Liability For Future Policy Benefit Earned
LiabilityForFuturePolicyBenefitEarned
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pru Liability For Future Policy Benefit Earned
LiabilityForFuturePolicyBenefitEarned
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CY2024Q2 pru Liability For Future Policy Benefit Ceded
LiabilityForFuturePolicyBenefitCeded
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CY2023Q2 pru Liability For Future Policy Benefit Ceded
LiabilityForFuturePolicyBenefitCeded
48000000 usd
pru Liability For Future Policy Benefit Ceded
LiabilityForFuturePolicyBenefitCeded
184000000 usd
pru Liability For Future Policy Benefit Ceded
LiabilityForFuturePolicyBenefitCeded
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CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIncreaseDecreaseForOtherChange
176000000 usd
CY2023Q2 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIncreaseDecreaseForOtherChange
-255000000 usd
us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIncreaseDecreaseForOtherChange
193000000 usd
us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIncreaseDecreaseForOtherChange
-280000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
16950000000 usd
CY2023Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
16737000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
11000000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
12000000 usd
CY2024Q2 us-gaap Deposit Assets
DepositAssets
10796000000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
10574000000 usd
CY2024Q2 pru Number Of Reinsurance Companies
NumberOfReinsuranceCompanies
4 company
us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.65
us-gaap Schedule Of Closed Block Assets And Liabilities
ScheduleOfClosedBlockAssetsAndLiabilities
Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.923%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.157%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30,<br/>2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br/>2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in millions)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Closed Block liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Future policy benefits</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,965 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,587 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholders’ dividends payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">648 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholders’ dividend obligation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">792 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholders’ account balances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,424 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,500 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Closed Block liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,771 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,605 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Closed Block liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,861 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,132 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Closed Block assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed maturities, available-for-sale, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,317 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,314 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed maturities, trading, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">725 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">887 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity securities, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,861 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,970 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial mortgage and other loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,679 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,769 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,407 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,479 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other invested assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,816 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,513 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">583 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,388 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,164 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">398 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">993 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued investment income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">415 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">421 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Closed Block assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Closed Block assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,477 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,716 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess of reported Closed Block liabilities over Closed Block assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,384 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,416 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Portion of above representing accumulated other comprehensive income (loss):</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net unrealized investment gains (losses)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,732)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,241)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Allocated to policyholder dividend obligation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,567 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,081 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Future earnings to be recognized from Closed Block assets and Closed Block liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,219 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,256 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2024Q2 us-gaap Closed Block Liabilities Future Policy Benefits And Policyholder Account Balances
ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances
42965000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Future Policy Benefits And Policyholder Account Balances
ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances
43587000000 usd
CY2024Q2 us-gaap Closed Block Liabilities Policyholder Dividends Payable
ClosedBlockLiabilitiesPolicyholderDividendsPayable
641000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Policyholder Dividends Payable
ClosedBlockLiabilitiesPolicyholderDividendsPayable
648000000 usd
CY2024Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
60000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
792000000 usd
CY2024Q2 us-gaap Closed Block Liabilities Other Policyholder Funds
ClosedBlockLiabilitiesOtherPolicyholderFunds
4424000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Other Policyholder Funds
ClosedBlockLiabilitiesOtherPolicyholderFunds
4500000000 usd
CY2024Q2 us-gaap Closed Block Liabilities Other Closed Block Liabilities
ClosedBlockLiabilitiesOtherClosedBlockLiabilities
3771000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Other Closed Block Liabilities
ClosedBlockLiabilitiesOtherClosedBlockLiabilities
3605000000 usd
CY2024Q2 us-gaap Closed Block Liabilities
ClosedBlockLiabilities
51861000000 usd
CY2023Q4 us-gaap Closed Block Liabilities
ClosedBlockLiabilities
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CY2024Q2 us-gaap Assets Designated To Closed Block Fixed Maturity Available For Sale At Fair Value
AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue
29317000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Fixed Maturity Available For Sale At Fair Value
AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue
30314000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Trading Securities Debt
AssetsDesignatedToClosedBlockTradingSecuritiesDebt
725000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Trading Securities Debt
AssetsDesignatedToClosedBlockTradingSecuritiesDebt
887000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Equity Securities At Fair Value
AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue
1861000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Equity Securities At Fair Value
AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue
1970000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Mortgage Loans On Real Estate
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate
7679000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Mortgage Loans On Real Estate
AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate
7769000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Policy Loans
AssetsDesignatedToClosedBlockPolicyLoans
3407000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Policy Loans
AssetsDesignatedToClosedBlockPolicyLoans
3479000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Other Investments
AssetsDesignatedToClosedBlockOtherInvestments
4816000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Other Investments
AssetsDesignatedToClosedBlockOtherInvestments
4513000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Short Term Investments
AssetsDesignatedToClosedBlockShortTermInvestments
583000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Short Term Investments
AssetsDesignatedToClosedBlockShortTermInvestments
232000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Investments
AssetsDesignatedToClosedBlockInvestments
48388000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Investments
AssetsDesignatedToClosedBlockInvestments
49164000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Cash And Cash Equivalents
AssetsDesignatedToClosedBlockCashAndCashEquivalents
398000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Cash And Cash Equivalents
AssetsDesignatedToClosedBlockCashAndCashEquivalents
993000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Accrued Investment Income
AssetsDesignatedToClosedBlockAccruedInvestmentIncome
415000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Accrued Investment Income
AssetsDesignatedToClosedBlockAccruedInvestmentIncome
421000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block Other Closed Block Assets1
AssetsDesignatedToClosedBlockOtherClosedBlockAssets1
276000000 usd
CY2023Q4 us-gaap Assets Designated To Closed Block Other Closed Block Assets1
AssetsDesignatedToClosedBlockOtherClosedBlockAssets1
138000000 usd
CY2024Q2 us-gaap Assets Designated To Closed Block
AssetsDesignatedToClosedBlock
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CY2023Q4 us-gaap Assets Designated To Closed Block
AssetsDesignatedToClosedBlock
50716000000 usd
CY2024Q2 us-gaap Excess Of Reported Closed Block Liabilities Over Assets Designated To Closed Block
ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock
2384000000 usd
CY2023Q4 us-gaap Excess Of Reported Closed Block Liabilities Over Assets Designated To Closed Block
ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock
2416000000 usd
CY2024Q2 us-gaap Closed Block Investments Available For Sale Change In Unrealized Appreciation
ClosedBlockInvestmentsAvailableForSaleChangeInUnrealizedAppreciation
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CY2023Q4 us-gaap Closed Block Investments Available For Sale Change In Unrealized Appreciation
ClosedBlockInvestmentsAvailableForSaleChangeInUnrealizedAppreciation
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CY2024Q2 us-gaap Closed Block Assets And Liabilities Change In Policyholder Dividend Obligation
ClosedBlockAssetsAndLiabilitiesChangeInPolicyholderDividendObligation
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CY2023Q4 us-gaap Closed Block Assets And Liabilities Change In Policyholder Dividend Obligation
ClosedBlockAssetsAndLiabilitiesChangeInPolicyholderDividendObligation
2081000000 usd
CY2024Q2 us-gaap Closed Block Assets And Liabilities Maximum Future Earnings To Be Recognized
ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized
2219000000 usd
CY2023Q4 us-gaap Closed Block Assets And Liabilities Maximum Future Earnings To Be Recognized
ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized
2256000000 usd
CY2023Q4 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
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us-gaap Closed Block Dividend Obligation Increase Decrease For Effect Of Operating Results
ClosedBlockDividendObligationIncreaseDecreaseForEffectOfOperatingResults
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us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
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CY2024Q2 us-gaap Closed Block Liabilities Policyholder Dividend Obligation
ClosedBlockLiabilitiesPolicyholderDividendObligation
60000000 usd
CY2024Q2 us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
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CY2023Q2 us-gaap Closed Block Operations Premiums
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us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
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us-gaap Closed Block Operations Premiums
ClosedBlockOperationsPremiums
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CY2024Q2 us-gaap Closed Block Operations Net Investment Income
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CY2023Q2 us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
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us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
1019000000 usd
us-gaap Closed Block Operations Net Investment Income
ClosedBlockOperationsNetInvestmentIncome
977000000 usd
CY2024Q2 us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
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CY2023Q2 us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
-113000000 usd
us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
-299000000 usd
us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
-130000000 usd
CY2024Q2 us-gaap Closed Block Operations Other Revenue
ClosedBlockOperationsOtherRevenue
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CY2023Q2 us-gaap Closed Block Operations Other Revenue
ClosedBlockOperationsOtherRevenue
140000000 usd
us-gaap Closed Block Operations Other Revenue
ClosedBlockOperationsOtherRevenue
207000000 usd
us-gaap Closed Block Operations Other Revenue
ClosedBlockOperationsOtherRevenue
240000000 usd
CY2024Q2 us-gaap Closed Block Operations Revenue
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CY2023Q2 us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
955000000 usd
us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
1769000000 usd
us-gaap Closed Block Operations Revenue
ClosedBlockOperationsRevenue
1923000000 usd
CY2024Q2 us-gaap Closed Block Operations Policyholder Benefits
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CY2023Q2 us-gaap Closed Block Operations Policyholder Benefits
ClosedBlockOperationsPolicyholderBenefits
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us-gaap Closed Block Operations Policyholder Benefits
ClosedBlockOperationsPolicyholderBenefits
1188000000 usd
us-gaap Closed Block Operations Policyholder Benefits
ClosedBlockOperationsPolicyholderBenefits
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CY2024Q2 us-gaap Closed Block Operations Change In Policyholder Benefits And Interest Credited To Policyholder Account Balances
ClosedBlockOperationsChangeInPolicyholderBenefitsAndInterestCreditedToPolicyholderAccountBalances
29000000 usd
CY2023Q2 us-gaap Closed Block Operations Change In Policyholder Benefits And Interest Credited To Policyholder Account Balances
ClosedBlockOperationsChangeInPolicyholderBenefitsAndInterestCreditedToPolicyholderAccountBalances
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us-gaap Closed Block Operations Change In Policyholder Benefits And Interest Credited To Policyholder Account Balances
ClosedBlockOperationsChangeInPolicyholderBenefitsAndInterestCreditedToPolicyholderAccountBalances
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us-gaap Closed Block Operations Change In Policyholder Benefits And Interest Credited To Policyholder Account Balances
ClosedBlockOperationsChangeInPolicyholderBenefitsAndInterestCreditedToPolicyholderAccountBalances
59000000 usd
CY2024Q2 us-gaap Closed Block Operations Policyholder Dividends
ClosedBlockOperationsPolicyholderDividends
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CY2023Q2 us-gaap Closed Block Operations Policyholder Dividends
ClosedBlockOperationsPolicyholderDividends
292000000 usd
us-gaap Closed Block Operations Policyholder Dividends
ClosedBlockOperationsPolicyholderDividends
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us-gaap Closed Block Operations Policyholder Dividends
ClosedBlockOperationsPolicyholderDividends
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CY2024Q2 us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
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CY2023Q2 us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
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us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
134000000 usd
us-gaap Closed Block Operations Other Expense
ClosedBlockOperationsOtherExpense
144000000 usd
CY2024Q2 us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
862000000 usd
CY2023Q2 us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
1002000000 usd
us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
1818000000 usd
us-gaap Closed Block Operations Benefits And Expense
ClosedBlockOperationsBenefitsAndExpense
1979000000 usd
CY2024Q2 us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
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CY2023Q2 us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
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us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
-49000000 usd
us-gaap Closed Block Operations Results Before Income Taxes
ClosedBlockOperationsResultsBeforeIncomeTaxes
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CY2024Q2 us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
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CY2023Q2 us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
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us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
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us-gaap Closed Block Operations Income Taxes
ClosedBlockOperationsIncomeTaxes
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CY2024Q2 us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
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CY2023Q2 us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
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us-gaap Closed Block Operations Net Results
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39000000 usd
us-gaap Closed Block Operations Net Results
ClosedBlockOperationsNetResults
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
505000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
pru High Tax Exception Percentage
HighTaxExceptionPercentage
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pru Percentageofthe Effective Income Tax Rate Recat Federal Statutory Income
PercentageoftheEffectiveIncomeTaxRateRecatFederalStatutoryIncome
0.90
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
pru High Tax Exception Percentage
HighTaxExceptionPercentage
0.189
pru High Tax Exception Percentage
HighTaxExceptionPercentage
0.189
pru Book Income Alternative Minimum Tax Rate
BookIncomeAlternativeMinimumTaxRate
0.15
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
75000000 usd
CY2024Q2 us-gaap Debt Current
DebtCurrent
588000000 usd
CY2023Q4 us-gaap Debt Current
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618000000 usd
CY2024Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0534
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0550
CY2024Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31317000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
29252000000 usd
CY2024Q2 pru Assets Under Set Off Arrangements
AssetsUnderSetOffArrangements
11964000000 usd
CY2023Q4 pru Assets Under Set Off Arrangements
AssetsUnderSetOffArrangements
10370000000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19353000000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
18882000000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.30
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.60
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.50
CY2024Q2 us-gaap Profit Loss
ProfitLoss
1171000000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
496000000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-27000000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-15000000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
14000000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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