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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Affiliated Asset Transfer
Affiliated Asset Transfers
AffiliatePeriodTransactionSecurity TypeFair ValueBook ValueAPIC Increase/(Decrease)Realized Investment Gain/(Loss), NetDerivative Gain/(Loss)
(in millions)
Pruco LifeJuly 1, 2021SaleDerivatives, Fixed Maturities, Equity Securities, Commercial Mortgages and JV/LP Investments$4,908 $4,720 $$173 $15 
PAIJuly 1, 2021Return of CapitalFixed Maturities$3,420 $3,420 $(3,420)$$
The table below shows affiliated asset trades for the year ended December 31, 2023 and the nine months ended December 31, 2022.
AffiliateDateTransactionSecurity TypeFair ValueBook ValueInvestment Gains (Losses), net
(in millions)
Fortitude Reinsurance Company Ltd.December 2023SaleLimited Partnership$26 $26 $— 
Fortitude Reinsurance Company Ltd.December 2023SaleLimited Partnership47 47 $— 
Fortitude Reinsurance Company Ltd.December 2023SaleLimited Partnership24 14 $10 
Fortitude Reinsurance Company Ltd.November 2023SaleLimited Partnership135 135 $— 
Fortitude Reinsurance Company Ltd.November 2023SaleLimited Partnership56 56 — 
Fortitude Reinsurance Company Ltd.November 2023SaleLimited Partnership37 33 
Fortitude Re Investments, LLCMay 2023SaleLimited Partnership12 12 — 
Fortitude Re Investments, LLCMay 2023SaleLimited Partnership— 
Fortitude Reinsurance Company, Ltd.July 2022PurchaseLimited Partnership37 37 — 
Fortitude Reinsurance Company, Ltd.July 2022PurchaseLimited Partnership15 15 — 
Fortitude Reinsurance Company, Ltd.July 2022PurchaseLimited Partnership— 
Fortitude Re Investments, LLCAugust 2022PurchaseLimited Partnership42 42 — 
Fortitude Re Investments, LLCAugust 2022PurchaseLimited Partnership23 23 — 
Fortitude Re Investments, LLCAugust 2022PurchaseLimited Partnership15 15 — 
The table below shows affiliated asset trades for the three months ended March 31, 2022 and for the year ended December 31, 2021.
AffiliateDateTransaction  Security Type  Fair Value  Book Value  Realized
Investment
Gain/
(Loss)
    (in millions)
Prudential InsuranceApril 2021PurchaseFixed Maturities$201 $201 $— 
Prudential InsuranceApril 2021PurchaseCommercial Mortgage Loan177 177 — 
Vantage Casualty Insurance Co.June 2021PurchaseFixed Maturities15 15 — 
Prudential InsuranceJune 2021SaleEquities— 
Pruco LifeJune 2021SaleEquities40 38 
Passaic Fund LLCJune 2021Transfer OutOther Invested Assets12 12 — 
Passaic Fund LLCJuly 2021Transfer OutOther Invested Assets196 196 — 
Prudential InsuranceSeptember 2021PurchaseFixed Maturities— 
Prudential InsuranceSeptember 2021SaleFixed Maturities12 11 
Prudential Retirement Insurance and Annuity CompanySeptember 2021SaleFixed Maturities26 24 
Prudential Retirement Insurance and Annuity CompanySeptember 2021PurchaseFixed Maturities35 35 — 
Prudential InsuranceSeptember 2021PurchaseDerivatives— — — 
Prudential Retirement Insurance and Annuity CompanySeptember 2021PurchaseDerivatives(1)(1)— 
Prudential FinancialOctober 2021SaleEquities10 10 — 
Pruco LifeNovember 2021SaleDerivatives— 
Prudential Arizona Reinsurance November 2021PurchaseFixed Maturities55 55 — 
Pruco LifeDecember 2021Transfer OutFixed Maturities2,038 1,934 104 
Pruco LifeDecember 2021SaleFixed Maturities57 57 — 
Prudential FinancialDecember 2021DividendFixed Maturities167 167 — 
Prudential FinancialDecember 2021SaleFixed Maturities144 138 
Prudential FinancialDecember 2021PurchaseCommercial Mortgage Loan185 185 — 
Pruco LifeDecember 2021Transfer OutCommercial Mortgage Loan538 517 21 
Pruco LifeDecember 2021SaleDerivatives
Pruco LifeJanuary 2022SaleFixed Maturities(1)
Prudential FinancialJanuary 2022SaleCommercial Mortgage Loan29 30 (1)
Pruco LifeJanuary 2022SaleDerivatives— — — 
Pruco LifeFebruary 2022SaleFixed Maturities129 138 (9)
Prudential FinancialMarch 2022SaleFixed Maturities33 33 —