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Schedule III - Supplementary Insurance Information | 12 Months Ended
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Dec. 31, 2023
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract] |
Schedule III - Supplementary Insurance Information | PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2023 (in millions)
Segment | Deferred Policy Acquisition Costs |  | Future Policy Benefits, Losses, Claims Expenses |  | Unearned Premiums |  | Other Policy Claims and Benefits Payable |  | Premiums, Policy Charges and Fee Income |  | Net Investment Income |  | Benefits, Claims, Losses and Settlement Expenses |  | Amortization of DAC |  | Other Operating Expenses
PGIM | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 268 |  |  | $ | 0 |  |  | $ | 2 |  |  | $ | 2,937 |
U.S. Businesses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Institutional Retirement Strategies | 139 |  |  | 75,431 |  |  | 0 |  |  | 17,520 |  |  | 6,375 |  |  | 4,161 |  |  | 9,209 |  |  | 10 |  |  | 210 |
Individual Retirement Strategies | 3,881 |  |  | 1,229 |  |  | 0 |  |  | 30,860 |  |  | 1,335 |  |  | 1,453 |  |  | 713 |  |  | 387 |  |  | 1,663 |
Retirement Strategies | 4,020 |  |  | 76,660 |  |  | 0 |  |  | 48,380 |  |  | 7,710 |  |  | 5,614 |  |  | 9,922 |  |  | 397 |  |  | 1,873 |
Group Insurance | 137 |  |  | 5,348 |  |  | 251 |  |  | 5,342 |  |  | 5,699 |  |  | 517 |  |  | 4,869 |  |  | 9 |  |  | 1,088 |
Individual Life | 7,600 |  |  | 24,748 |  |  | 0 |  |  | 32,266 |  |  | 3,180 |  |  | 2,879 |  |  | 4,152 |  |  | 456 |  |  | 1,590 |
Total U.S. Businesses | 11,757 |  |  | 106,756 |  |  | 251 |  |  | 85,988 |  |  | 16,589 |  |  | 9,010 |  |  | 18,943 |  |  | 862 |  |  | 4,551 |
Life Planner | 4,909 |  |  | 55,079 |  |  | 2 |  |  | 13,308 |  |  | 7,000 |  |  | 2,339 |  |  | 6,555 |  |  | 306 |  |  | 1,101 |
Gibraltar Life and Other | 4,442 |  |  | 58,349 |  |  | 71 |  |  | 38,663 |  |  | 6,231 |  |  | 2,942 |  |  | 5,970 |  |  | 316 |  |  | 1,387 |
International Businesses | 9,351 |  |  | 113,428 |  |  | 73 |  |  | 51,971 |  |  | 13,231 |  |  | 5,281 |  |  | 12,525 |  |  | 622 |  |  | 2,488 |
Corporate and Other | (420) |  |  | 9,186 |  |  | 0 |  |  | 4,594 |  |  | 396 |  |  | 1,347 |  |  | 1,035 |  |  | (40) |  |  | 2,880 |
Total PFI excluding Closed Block division | 20,688 |  |  | 229,370 |  |  | 324 |  |  | 142,553 |  |  | 30,216 |  |  | 15,906 |  |  | 32,503 |  |  | 1,446 |  |  | 12,856 |
Closed Block division | 168 |  |  | 43,587 |  |  | 0 |  |  | 5,940 |  |  | 1,675 |  |  | 1,959 |  |  | 3,480 |  |  | 13 |  |  | 272 |
Total | $ | 20,856 |  |  | $ | 272,957 |  |  | $ | 324 |  |  | $ | 148,493 |  |  | $ | 31,891 |  |  | $ | 17,865 |  |  | $ | 35,983 |  |  | $ | 1,459 |  |  | $ | 13,128 |
PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2022 (in millions)
Segment | Deferred Policy Acquisition Costs |  | Future Policy Benefits, Losses, Claims Expenses |  | Unearned Premiums |  | Other Policy Claims and Benefits Payable |  | Premiums, Policy Charges and Fee Income |  | Net Investment Income |  | Benefits, Claims, Losses and Settlement Expenses |  | Amortization of DAC |  | Other Operating Expenses
PGIM | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 94 |  |  | $ | 0 |  |  | $ | 3 |  |  | $ | 2,791 |
U.S. Businesses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Institutional Retirement Strategies | 95 |  |  | 70,690 |  |  | 0 |  |  | 17,159 |  |  | 15,072 |  |  | 3,643 |  |  | 18,111 |  |  | 3 |  |  | 220 |
Individual Retirement Strategies | 4,282 |  |  | 1,232 |  |  | 0 |  |  | 22,168 |  |  | 1,605 |  |  | 924 |  |  | 577 |  |  | 409 |  |  | 1,654 |
Retirement Strategies | 4,377 |  |  | 71,922 |  |  | 0 |  |  | 39,327 |  |  | 16,677 |  |  | 4,567 |  |  | 18,688 |  |  | 412 |  |  | 1,874 |
Group Insurance | 143 |  |  | 5,408 |  |  | 249 |  |  | 5,882 |  |  | 5,556 |  |  | 482 |  |  | 5,068 |  |  | 2 |  |  | 1,061 |
Individual Life | 7,289 |  |  | 22,369 |  |  | 0 |  |  | 30,724 |  |  | 2,926 |  |  | 2,461 |  |  | 4,138 |  |  | 447 |  |  | 1,546 |
Total U.S. Businesses | 11,809 |  |  | 99,699 |  |  | 249 |  |  | 75,933 |  |  | 25,159 |  |  | 7,510 |  |  | 27,894 |  |  | 861 |  |  | 4,481 |
Life Planner | 4,710 |  |  | 51,793 |  |  | 1 |  |  | 11,400 |  |  | 7,127 |  |  | 2,130 |  |  | 6,038 |  |  | 296 |  |  | 1,119 |
Gibraltar Life and Other | 4,231 |  |  | 57,148 |  |  | 76 |  |  | 35,536 |  |  | 6,717 |  |  | 2,840 |  |  | 6,281 |  |  | 300 |  |  | 1,450 |
International Businesses | 8,941 |  |  | 108,941 |  |  | 77 |  |  | 46,936 |  |  | 13,844 |  |  | 4,970 |  |  | 12,319 |  |  | 596 |  |  | 2,569 |
Corporate and Other(1) | (385) |  |  | 8,392 |  |  | 1 |  |  | 8,225 |  |  | 388 |  |  | 1,487 |  |  | 331 |  |  | (41) |  |  | 3,340 |
Total PFI excluding Closed Block division | 20,365 |  |  | 217,032 |  |  | 327 |  |  | 131,094 |  |  | 39,391 |  |  | 14,061 |  |  | 40,544 |  |  | 1,419 |  |  | 13,181 |
Closed Block division | 181 |  |  | 44,414 |  |  | 0 |  |  | 5,224 |  |  | 1,699 |  |  | 1,976 |  |  | 2,663 |  |  | 14 |  |  | 298 |
Total | $ | 20,546 |  |  | $ | 261,446 |  |  | $ | 327 |  |  | $ | 136,318 |  |  | $ | 41,090 |  |  | $ | 16,037 |  |  | $ | 43,207 |  |  | $ | 1,433 |  |  | $ | 13,479 |
PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2021 (in millions)
Segment | Deferred Policy Acquisition Costs |  | Future Policy Benefits, Losses, Claims Expenses |  | Unearned Premiums |  | Other Policy Claims and Benefits Payable |  | Premiums, Policy Charges and Fee Income |  | Net Investment Income |  | Benefits, Claims, Losses and Settlement Expenses |  | Amortization of DAC |  | Other Operating Expenses
PGIM | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 157 |  |  | $ | 0 |  |  | $ | 6 |  |  | $ | 2,772 |
U.S. Businesses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Institutional Retirement Strategies | 82 |  |  | 79,388 |  |  | 0 |  |  | 16,561 |  |  | 11,075 |  |  | 3,946 |  |  | 13,447 |  |  | 8 |  |  | 215 |
Individual Retirement Strategies(2) | 3,854 |  |  | 1,523 |  |  | 0 |  |  | 7,028 |  |  | 2,184 |  |  | 929 |  |  | 547 |  |  | 418 |  |  | 1,814 |
Retirement Strategies | 3,936 |  |  | 80,911 |  |  | 0 |  |  | 23,589 |  |  | 13,259 |  |  | 4,875 |  |  | 13,994 |  |  | 426 |  |  | 2,029 |
Group Insurance | 142 |  |  | 5,600 |  |  | 254 |  |  | 6,306 |  |  | 5,582 |  |  | 513 |  |  | 5,649 |  |  | 9 |  |  | 1,013 |
Individual Life | 7,049 |  |  | 23,972 |  |  | 0 |  |  | 30,482 |  |  | 3,018 |  |  | 2,533 |  |  | 3,771 |  |  | 446 |  |  | 1,518 |
Total U.S. Businesses | 11,127 |  |  | 110,483 |  |  | 254 |  |  | 60,377 |  |  | 21,859 |  |  | 7,921 |  |  | 23,414 |  |  | 881 |  |  | 4,560 |
Life Planner | 4,685 |  |  | 73,173 |  |  | 1 |  |  | 11,732 |  |  | 7,611 |  |  | 2,264 |  |  | 7,079 |  |  | 306 |  |  | 1,117 |
Gibraltar Life and Other | 4,136 |  |  | 82,454 |  |  | 86 |  |  | 37,838 |  |  | 7,295 |  |  | 3,135 |  |  | 7,050 |  |  | 310 |  |  | 1,630 |
International Businesses | 8,821 |  |  | 155,627 |  |  | 87 |  |  | 49,570 |  |  | 14,906 |  |  | 5,399 |  |  | 14,129 |  |  | 616 |  |  | 2,747 |
Corporate and Other(1)(3) | (381) |  |  | 12,904 |  |  | 1 |  |  | 8,446 |  |  | 829 |  |  | 2,310 |  |  | 1,288 |  |  | (35) |  |  | 4,279 |
Total PFI excluding Closed Block division | 19,567 |  |  | 279,014 |  |  | 342 |  |  | 118,393 |  |  | 37,594 |  |  | 15,787 |  |  | 38,831 |  |  | 1,468 |  |  | 14,358 |
Closed Block division | 196 |  |  | 45,586 |  |  | 0 |  |  | 13,380 |  |  | 1,789 |  |  | 2,500 |  |  | 5,465 |  |  | 14 |  |  | 311 |
Total | $ | 19,763 |  |  | $ | 324,600 |  |  | $ | 342 |  |  | $ | 131,773 |  |  | $ | 39,383 |  |  | $ | 18,287 |  |  | $ | 44,296 |  |  | $ | 1,482 |  |  | $ | 14,669 |
__________ (1)Effective January 1, 2023, Assurance IQ no longer represents a separately reportable segment and is now included within Corporate and Other operations. Prior period amounts have been reclassified to conform to current period presentation. (2)Includes reclassification of “Assets held-for-sale” for Deferred Policy Acquisition Costs of $(1,097) million and “Liabilities held-for-sale” for Future Policy Benefits, Losses, Claims, Expenses of $(4,505) million, and Other Policy Claims and Benefits Payable of $(11,750) million. The sale was completed in the second quarter of 2022. (3)Includes reclassification of “Assets held-for sale” for Deferred Policy Acquisition Costs of $(100) million and “Liabilities held-for-sale” for Future Policy Benefits, Losses, Claims, Expenses of $(157) million, and Other Policy Claims and Benefits Payable of $(28,164) million. The sale was completed in the second quarter of 2022.

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- Definition The entire disclosure for supplementary insurance information by segment. Includes, but is not limited to, deferred policy acquisition cost; future policy benefit, loss, claim and loss expenses; unearned premium; other policy claim and benefit payable; premium revenue; net investment income; benefit, claim, loss and settlement expenses; amortization of deferred policy acquisition cost; other operating expense; and premium written. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 16 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-16(Column G)(Footnote 3)) -SubTopic 235 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480149/944-235-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-16(Column J)(Footnote 3)) -SubTopic 235 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480149/944-235-S99-1 + Details
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