PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP/CT financial statements (2022 and earlier)

Company profile

Business Address ONE CORPORATE DRIVE
SHELTON, CT 06484
State of Incorp. CT
Fiscal Year End December 31
SIC 6399 - Insurance Carriers, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8911,3873,1314,5412,5332,945159
Cash and cash equivalents2,0161,0692,7954,5041,6401,8481
Short-term investments875318335388931,097158
Receivables 1,7731,474    
Total current assets:2,8913,1614,6054,5412,5332,945159
Noncurrent Assets
Long-term investments and receivables    336552182
Long-term investments    336552182
Total noncurrent assets:    336552182
Other undisclosed assets55,68761,11554,23050,13757,09256,32546,914
TOTAL ASSETS:58,57864,27558,83554,67859,96159,82247,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 12024214144281
Total current liabilities: 12024214144281
Noncurrent Liabilities
Other undisclosed liabilities56,89661,45453,06647,79653,63652,70445,907
Total liabilities:56,89661,57453,30847,93653,68052,73245,908
Stockholders' equity
Stockholders' equity attributable to parent1,6822,7015,5276,7426,2817,0901,347
Common stock3333333
Additional paid in capital5924,3835,1436,1207,1458,095901
Accumulated other comprehensive income (loss)1701,533429(324)(90)(315)46
Retained earnings (accumulated deficit)917(3,217)(47)943(777)(693)397
Total stockholders' equity:1,6822,7015,5276,7426,2817,0901,347
TOTAL LIABILITIES AND EQUITY:58,57864,27558,83554,67859,96159,82247,255

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,948(2,225)4513,9152,304(153)1,074
Insurance commissions and fees1,2321,9442,0812,171
Net investment income490579552403423338139
Realized investment gains (losses)7,489(5,261)(2,681)884(805)(3,443)6
Financial services revenue642,652751
Other income(554)452440389413299177
Cost of revenue(799)(807)(578)(1,026)(130)(493)(595)
Policyholder benefits and claims incurred, net220(223)(144)(187)
Policyholder account balance, interest expense(640)(180)(161)(249)(30)(69)(226)
Deferred policy acquisition costs, amortization expense(380)(404)(273)(590)14180(309)
Financial services costs(114)(604)(60)
Gross profit:8,149(3,032)(127)2,8892,174(646)478
Operating expenses(317)(205)(264)(182)79(1,125) 
Operating income (loss):7,833(3,237)(391)2,7072,253(1,771)478
Interest and debt expense      (1)
Other undisclosed loss from continuing operations before equity method investments, income taxes (798)(890)(862)(1,135)  
Income (loss) from continuing operations before equity method investments, income taxes:7,833(4,035)(1,280)1,8441,118(1,771)477
Other undisclosed loss from continuing operations before income taxes(1,573)      
Income (loss) from continuing operations before income taxes:6,259(4,035)(1,280)1,8441,118(1,771)477
Income tax expense (benefit)(1,294)866291(162)(1,201)6808
Income (loss) before gain (loss) on sale of properties:4,965(3,169)(989)1,683(84)(1,090)486
Other undisclosed net loss      (312)
Net income (loss) available to common stockholders, diluted:4,965(3,169)(989)1,683(84)(1,090)173

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4,965(3,169)(989)1,683(84)(1,090)173
Other comprehensive income (loss)(1,363)1,104753(198)225(361)(38)
Comprehensive income (loss), net of tax, attributable to parent:3,602(2,065)(236)1,485141(1,451)135

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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