The Prudential Series Fund
The Prudential Series Fund
The Prudential Series Fund
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Pruco Life Insurance Company<br />
Consolidated Statements of Operations and Comprehensive Income<br />
Years Ended December 31, 2008, 2007 and 2006 (in thousands)<br />
REVENUES<br />
2008 2007 2006<br />
Premiums $ 76,794 $ 61,469 $ 43,516<br />
Policy charges and fee income 686,149 688,477 547,693<br />
Net investment income 363,751 381,394 401,436<br />
Realized investment gains/(losses), net 206,206 (20,683) (62,749)<br />
Asset administration fees 24,903 24,439 18,338<br />
Other income 28,783 24,928 18,207<br />
Total revenues 1,386,586 1,160,024 966,441<br />
BENEFITS AND EXPENSES<br />
Policyholders’ benefits 339,148 111,034 120,049<br />
Interest credited to policyholders’ account<br />
balances 213,371 208,768 212,288<br />
General, administrative and other expenses 519,738 528,476 308,850<br />
Total benefits and expenses 1,072,257 848,278 641,187<br />
Income from operations before income taxes 314,329 311,746 325,254<br />
Income taxes:<br />
Current (126,180) 8,570 89,034<br />
Deferred 191,184 55,842 (26,572)<br />
Total income tax expense 65,004 64,412 62,462<br />
NET INCOME 249,325 247,334 262,792<br />
Change in net unrealized investment<br />
(losses)/gains and changes in foreign<br />
currency translation, net of taxes (155,000) (7,397) 6,662<br />
COMPREHENSIVE INCOME $ 94,325 $ 239,937 $ 269,454<br />
See Notes to Consolidated Financial Statements<br />
B-2
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