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Pruco Life Insurance Of New Jersey

Pruco Life Insurance Company of New Jersey (the “Company”, “PLNJ”, “we”, or “our”) is a wholly-owned subsidiary of the Pruco Life Insurance Company, (“Pruco Life”), which in turn is a wholly-owned subsidiary of The Prudential Insurance Company of America, (“Prudential Insurance”). Prudential Insurance is a direct wholly-owned subsidiary of Prudential Financial Inc. (“Prudential Financial”). See Note 1 to the Financial Statements for additional information. Pruco Life may make capital contributions to the Company, as needed, to enable it to comply with its reserve and capital requirements and fund expenses in connection with its business. Pruco Life is under no obligation to make such contributions and its assets do not back the benefits payable under the Company’s policyholders’ contracts.

Calendar

11 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 138.78M 138.78M 138.78M 138.78M 138.78M 138.78M
Cash burn (monthly) 26.86M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 42.16M n/a n/a n/a n/a n/a
Cash remaining 96.62M n/a n/a n/a n/a n/a
Runway (months of cash) 3.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • Income (loss) from operations before income taxes increased $14 million from income of $32 million for the six months ended June 30, 2021 to income of $46 million for the six months ended June 30, 2022. The impact from our annual reviews and update of assumptions and other refinement was relatively flat at a net loss of $1 million. Excluding the comparative impact of our annual reviews and update of assumptions and other refinements, income (loss) from operations increased $15 million primarily driven by:
  • •Higher Realized investment gains (losses), net from gains on indexed universal life ("IUL") embedded derivatives due to rising interest rates.
  • Income (loss) from operations before income taxes increased $16 million from income of $6 million for the three months ended June 30, 2021 to income of $22 million for the three months ended June 30, 2022. The impact from our annual reviews and update of assumptions and other refinement was a net loss of $1 million, as mentioned above. Excluding the comparative impact of our annual reviews and update of assumptions and other refinements, income (loss) from operations increased $17 million primarily driven by:

Content analysis

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Legalese
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Readability
H.S. sophomore Avg
New words: evidence, Overnight, refinement, SOFR
Proxies
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