PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP/CT
CIK:0000881453|SEC Filings
Consolidated Statements of Financial Position - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| ASSETS | ||
| Fair value option | $ 5,187 | $ 5,022 |
| Available for sale, at fair value (amortized cost: December 31, 2025 - $247) | 247 | 0 |
| Mortgage loans, at fair value | 533 | 364 |
| Short-term investments | 7 | 8 |
| Other invested assets (includes $511 and $354 of assets measured at fair value at December 31, 2025 and 2024, respectively) | 551 | 395 |
| Total investments | 6,525 | 5,789 |
| Cash and cash equivalents | 442 | 563 |
| Accrued investment income | 63 | 58 |
| Reinsurance recoverables (includes $144 and $163 of recoverables measured at fair value as of December 31, 2025 and 2024, respectively) (includes $463 and $— of recoverables from affiliates as of December 31, 2025 and 2024, respectively) | 607 | 163 |
| Deposit asset, at fair value | 287 | 364 |
| Income taxes | 91 | 76 |
| Other assets (Receivables from parent and affiliates: December 31, 2025 - $1; December 31, 2024 - $10) | 32 | 69 |
| Separate account assets | 22,273 | 22,857 |
| TOTAL ASSETS | 30,320 | 29,939 |
| LIABILITIES | ||
| Insurance liabilities | 4,349 | 4,380 |
| Policyholder contract deposits | 535 | 0 |
| Net modified coinsurance payable, at fair value | 150 | 145 |
| Liabilities associated with secured borrowing arrangements | 1,183 | 1,200 |
| Other liabilities | 218 | 208 |
| Separate account liabilities | 22,273 | 22,857 |
| TOTAL LIABILITIES | 29,203 | 28,790 |
| COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13) | ||
| EQUITY | ||
| Common stock, $100 par value; 25,000 shares authorized, issued and outstanding | 3 | 3 |
| Additional paid-in capital | 1,714 | 1,714 |
| Retained deficit | (474) | (518) |
| Accumulated other comprehensive loss | (126) | (50) |
| TOTAL EQUITY | 1,117 | 1,149 |
| TOTAL LIABILITIES AND EQUITY | 30,320 | 29,939 |
| Related Party | ||
| ASSETS | ||
| Other assets (Receivables from parent and affiliates: December 31, 2025 - $1; December 31, 2024 - $10) | 1 | 10 |
| LIABILITIES | ||
| Funds withheld payable to affiliates | 495 | 0 |
| Other liabilities | $ 7 | $ 4 |