# EDGAR Filing Document

**Accession Number:** 0000947703
**File Stem:** 0000947703-26-000062
**Filing Date:** 2026-4
**Character Count:** 685343
**Document Hash:** 628edf6110218b8a3bf261bdf3cb370f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947703-26-000062.hdr.sgml**: 20260420

**ACCESSION NUMBER**: 0000947703-26-000062

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260420

**DATE AS OF CHANGE**: 20260420

**EFFECTIVENESS DATE**: 20260420

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
- **CENTRAL INDEX KEY:** 0000947703

**ORGANIZATION NAME:**
- **EIN:** 221944557
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07325
- **FILM NUMBER:** 26874734

**BUSINESS ADDRESS:**
- **STREET 1:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 9738025393

**MAIL ADDRESS:**
- **STREET 1:** PRUCO LIFE INSURANCE CO
- **STREET 2:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Series and Classes Contracts Data

### PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT (Series ID: S000001233)

| Class ID   | Class Name                                                                                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000003350 | Discovery Select                                                                                                                 |  |
| C000003351 | Discovery Choice                                                                                                                 |  |
| C000003352 | Strategic Partners Annuity One Variable Annuity                                                                                  |  |
| C000003353 | Strategic Partners Select                                                                                                        |  |
| C000003354 | Strategic Partners Advisor                                                                                                       |  |
| C000003355 | Strategic Partners FlexElite                                                                                                     |  |
| C000003385 | Strategic Partners Plus Variable Annuity                                                                                         |  |
| C000003386 | Prudential Premier Variable Annuity B Series                                                                                     |  |
| C000003387 | Prudential Premier Variable Annuity L Series                                                                                     |  |
| C000003388 | Prudential Premier Variable Annuity X Series                                                                                     |  |
| C000052841 | Prudential Premier Variable Annuity Bb Series                                                                                    |  |
| C000082407 | Prudential Premier Retirement Variable Annuity X,L,B,C Series                                                                    |  |
| C000082410 | Prudential Premier Advisor Variable Annuity Series (For contracts issued prior to February 25, 2013)                             |  |
| C000096321 | Prudential Premier Retirement                                                                                                    |  |
| C000122186 | Prudential Defined Income (PDI) Variable Annuity                                                                                 |  |
| C000122781 | Prudential Premier Retirement Variable Annuity B Series, L Series, C Series (For contracts issued on or after February 25, 2013) |  |
| C000122782 | Prudential Premier Advisor Variable Annuity (For contracts issued on or after February 25, 2013)                                 |  |
| C000122786 | Prudential Premier Retirement Variable Annuity (For contracts issued on or after February 25, 2013)                              |  |
| C000133830 | Prudential Premier Advisor Variable Annuity (For contracts issued on or after February 10, 2014)                                 |  |
| C000133832 | Prudential Premier Retirement Variable Annuity B Series, L Series, C Series (For contracts issued on or after February 10, 2014) |  |
| C000133833 | Prudential Premier Retirement Variable Annuity (For contracts issued on or after February 10, 2014)                              |  |
| C000137228 | Prudential Premier Investment Variable Annuity B Series, C Series                                                                |  |
| C000211540 | Discovery Preferred Annuity                                                                                                      |  |
| C000213042 | Prudential MyRock Advisor Variable Annuity                                                                                       |  |
| C000228667 | Strategic Partners Annuity One 3 Variable Annuity                                                                                |  |
| C000228668 | Strategic Partners Plus 3 Variable Annuity                                                                                       |  |
| C000229495 | Prudential FlexGuard B Series                                                                                                    |  |
| C000229496 | Prudential FlexGuard Advisor I Series                                                                                            |  |
| C000229497 | Prudential FlexGuard Income B Series                                                                                             |  |
| C000239748 | Prudential FlexGuard Income Select B Series                                                                                      |  |

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $49158708 | $71939215 | $165096583 | $6364750 | $5972122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $49158708 | $71939215 | $165096583 | $6364750 | $5972122 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $49158708 | $71939215 | $165096583 | $6364750 | $5972122 |
|  | $49158708 | $71939215 | $165096583 | $6364750 | $5972122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 36546097 | 19813112 | 17620111 | 1078007 | 1082657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 4915871 | 4527326 | 1132660 | 109661 | 120576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $10.00 | $15.89 | $145.76 | $58.04 | $49.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $49158708 | $56007655 | $49009471 | $2151224 | $2617319 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $2114559 | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 725271 | 978171 | 2314420 | 90408 | 77805 |
| **NET INVESTMENT INCOME (LOSS)** | 1389288 | (978171) | (2314420) | (90408) | (77805) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed |  | 2922278 | 21155056 | 884594 | 1071250 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments |  | 2809375 | 6704463 | (85596) | (393983) |
| **NET GAIN (LOSS) ON INVESTMENTS** |  | 5731653 | 27859519 | 798998 | 677267 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1389288 | $4753482 | $25545099 | $708590 | $599462 |

---

**The accompanying notes are an integral part of these financial statements.**

A1

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF Natural Resources Portfolio (Class I)\*\*** | **PSF Stock Index Portfolio (Class I)** | **PSF Global Portfolio (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $131891181 | $62984408 | $— | $362462362 | $38988874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $131891181 | $62984408 | $— | $362462362 | $38988874 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $131891181 | $62984408 | $— | $362462362 | $38988874 |
|  | $131891181 | $62984408 | $— | $362462362 | $38988874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 19253870 | 9197655 |  | 28615768 | 6562462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1845406 | 8043986 |  | 2139178 | 502823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $71.47 | $7.83 | $— | $169.44 | $77.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $39583620 | $43584475 | $— | $122297735 | $11836291 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF Natural Resources Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Global Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 2022221 | 991516 | 8397 | 4496820 | 549695 |
| **NET INVESTMENT INCOME (LOSS)** | (2022221) | (991516) | (8397) | (4496820) | (549695) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 23832750 | 4484212 | 314360 | 56391168 | 4897175 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (3087422) | 1248948 | (481865) | 3364481 | 2799301 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 20745328 | 5733160 | (167505) | 59755649 | 7696476 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $18723107 | $4741644 | $(175902) | $55258829 | $7146781 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A2

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **Invesco V.I. Core Equity Fund (Series I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $322065403 | $86119788 | $10188738 | $33247268 | $46027756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $322065403 | $86119788 | $10188738 | $33247268 | $46027756 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $322065403 | $86119788 | $10188738 | $33247268 | $46027756 |
|  | $322065403 | $86119788 | $10188738 | $33247268 | $46027756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 26272816 | 7527829 | 3797390 | 4691442 | 6968201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1520180 | 1287676 | 640801 | 1150027 | 1277484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $211.86 | $66.88 | $15.90 | $28.91 | $36.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $83247841 | $53533157 | $9214163 | $28770819 | $36807678 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **Invesco V.I. Core Equity Fund (Series I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $192179 | $551091 | $291929 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 4558563 | 1182619 | 145765 | 477445 | 649065 |
| **NET INVESTMENT INCOME (LOSS)** | (4558563) | (1182619) | 46414 | 73646 | (357136) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 844067 | 3180963 | 3360672 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 55979688 | 7138459 | 294294 | 1389350 | 1998223 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (4616946) | (2768701) | 455082 | (516976) | 1275122 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 51362742 | 4369758 | 1593443 | 4053337 | 6634017 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $46804179 | $3187139 | $1639857 | $4126983 | $6276881 |

---

**The accompanying notes are an integral part of these financial statements.**

A3

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **MFS® Research Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **LVIP American Century Value Fund (Standard Class II)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $51084029 | $39207272 | $12735084 | $59238683 | $14438861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $51084029 | $39207272 | $12735084 | $59238683 | $14438861 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $51084029 | $39207272 | $12735084 | $59238683 | $14438861 |
|  | $51084029 | $39207272 | $12735084 | $59238683 | $14438861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 5196045 | 6231368 | 1587806 | 5434211 | 2050846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 787119 | 702388 | 417681 | 873083 | 1117645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $64.90 | $55.82 | $30.49 | $67.85 | $12.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $27241382 | $23307441 | $11153570 | $42761677 | $11221660 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **MFS® Research Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **LVIP American Century Value Fund (Standard Class II)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $62166 | $543656 | $121815 | $— | $224600 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 706179 | 533452 | 171207 | 855292 | 196976 |
| **NET INVESTMENT INCOME (LOSS)** | (644013) | 10204 | (49392) | (855292) | 27624 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 3822905 |  | 2985205 | 11053806 | 1057939 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 4557088 | 2517858 | 486596 | 4527960 | 786073 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 11276 | 6652288 | (2071091) | (8494340) | 27227 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 8391269 | 9170146 | 1400710 | 7087426 | 1871239 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $7747256 | $9180350 | $1351318 | $6232134 | $1898863 |

---

**The accompanying notes are an integral part of these financial statements.**

A4

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Davis Equity Portfolio** | **AB VPS Large Cap Growth Portfolio (Class B)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **PSF Mid-Cap Growth Portfolio (Class I)\*\*** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $13723580 | $16081570 | $8309675 | $9570405 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $13723580 | $16081570 | $8309675 | $9570405 | $— |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $13723580 | $16081570 | $8309675 | $9570405 | $— |
|  | $13723580 | $16081570 | $8309675 | $9570405 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 2362053 | 3565593 | 1936149 | 1672619 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 959020 | 2564844 | 101984 | 156277 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $14.31 | $6.27 | $81.48 | $61.24 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $15790178 | $19072811 | $6109881 | $5394646 | $— |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Davis Equity Portfolio** | **AB VPS Large Cap Growth Portfolio (Class B)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **PSF Mid-Cap Growth Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $152399 | $— | $12071 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 208915 | 212661 | 116157 | 151609 | 281201 |
| **NET INVESTMENT INCOME (LOSS)** | (208915) | (60262) | (116157) | (139538) | (281201) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 850599 | 2307761 | 788656 | 742288 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (482482) | (607266) | 560687 | 716843 | 38644568 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (16469) | 1859044 | (304151) | 61593 | (46998567) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 351648 | 3559539 | 1045192 | 1520724 | (8353999) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $142733 | $3499277 | $929035 | $1381186 | $(8635200) |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A5

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Cohen & Steers Realty Portfolio\*\*** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio\*\*** | **AST Large-Cap Value Portfolio** | **AST T. Rowe Price Natural Resources Portfolio\*\*** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $— | $2665542657 | $— | $1297091284 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $— | $2665542657 | $— | $1297091284 | $— |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $— | $2665542657 | $— | $1297091284 | $— |
|  | $— | $2665542657 | $— | $1297091284 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding |  | 151909864 |  | 35049825 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held |  | 97853989 |  | 21253339 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $— | $27.24 | $— | $61.03 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $— | $2159662716 | $— | $907719700 | $— |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** | **AST Large-Cap Value Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** |
| | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 137230 | 38267293 | 154397 | 15189325 | 110490 |
| **NET INVESTMENT INCOME (LOSS)** | (137230) | (38267293) | (154397) | (15189325) | (110490) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 41131024 | 88145546 | 25811662 | 54049094 | 30534479 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (38243559) | 170265965 | (23881508) | 133925409 | (20606349) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 2887465 | 258411511 | 1930154 | 187974503 | 9928130 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $2750235 | $220144218 | $1775757 | $172785178 | $9817640 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A6

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST MFS Global Equity Portfolio\*\*** | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $— | $7658283156 | $1352165446 | $16372431702 | $2049771529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $— | $7658283156 | $1352165446 | $16372431702 | $2049771529 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $— | $7658283156 | $1352165446 | $16372431702 | $2049771529 |
|  | $— | $7658283156 | $1352165446 | $16372431702 | $2049771529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding |  | 259925015 | 76822634 | 656243211 | 112850747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held |  | 203407255 | 61350519 | 510999741 | 86524759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $— | $37.65 | $22.04 | $32.04 | $23.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $— | $4084198866 | $982743783 | $12508939234 | $1492958356 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST MFS Global Equity Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 213357 | 110311095 | 20513959 | 231730298 | 30093014 |
| **NET INVESTMENT INCOME (LOSS)** | (213357) | (110311095) | (20513959) | (231730298) | (30093014) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 96949293 | 699928859 | 74497440 | 592064930 | 127283993 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (88679493) | 420283778 | 91515513 | 1597378758 | 90144712 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 8269800 | 1120212637 | 166012953 | 2189443688 | 217428705 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $8056443 | $1009901542 | $145498994 | $1957713390 | $187335691 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A7

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Small-Cap Equity Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $9707443802 | $3844590149 | $1976046511 | $264885248 | $578213010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $9707443802 | $3844590149 | $1976046511 | $264885248 | $578213010 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $9707443802 | $3844590149 | $1976046511 | $264885248 | $578213010 |
|  | $9707443802 | $3844590149 | $1976046511 | $264885248 | $578213010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 381173563 | 146804947 | 28769207 | 26165373 | 15140390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 338120648 | 115245508 | 17890869 | 264885248 | 6715598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $28.71 | $33.36 | $110.45 | $1.00 | $86.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $6201188003 | $2104857401 | $1081003439 | $264885248 | $477196142 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Small-Cap Equity Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $10702358 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 133370200 | 54921973 | 24690073 | 3210242 | 7217939 |
| **NET INVESTMENT INCOME (LOSS)** | (133370200) | (54921973) | (24690073) | 7492116 | (7217939) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 667445299 | 350812015 | 209470705 |  | 10942681 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 703003009 | 206779705 | 103285918 |  | 28289151 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 1370448308 | 557591720 | 312756623 |  | 39231832 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1237078108 | $502669747 | $288066550 | $7492116 | $32013893 |

---

**The accompanying notes are an integral part of these financial statements.**

A8

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio\*\*** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $602003710 | $4240956083 | $2279905279 | $— | $1468699412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $602003710 | $4240956083 | $2279905279 | $— | $1468699412 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $602003710 | $4240956083 | $2279905279 | $— | $1468699412 |
|  | $602003710 | $4240956083 | $2279905279 | $— | $1468699412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 23360931 | 280986798 | 176868933 |  | 64509669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 16872301 | 440390040 | 158546960 |  | 54863631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $35.68 | $9.63 | $14.38 | $— | $26.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $387088796 | $3871072787 | $2145179718 | $— | $932467998 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/10/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 7056856 | 78429326 | 28540447 | 45432 | 21073067 |
| **NET INVESTMENT INCOME (LOSS)** | (7056856) | (78429326) | (28540447) | (45432) | (21073067) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 42779249 | 253100714 | 11043160 | 9767467 | 106246748 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 120317505 | 158843239 | 146111296 | (11554174) | 64874271 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 163096754 | 411943953 | 157154456 | (1786707) | 171121019 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $156039898 | $333514627 | $128614009 | $(1832139) | $150047952 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A9

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Financials** | **ProFund VP Health Care** | **ProFund VP Industrials** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $558272 | $202656 | $414884 | $1204009 | $329011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $558272 | $202656 | $414884 | $1204009 | $329011 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $558272 | $202656 | $414884 | $1204009 | $329011 |
|  | $558272 | $202656 | $414884 | $1204009 | $329011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 10759 | 8076 | 16831 | 29997 | 9139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 7731 | 7186 | 7030 | 18991 | 3241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $72.21 | $28.20 | $59.02 | $63.40 | $101.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $522899 | $278663 | $332113 | $1252179 | $264284 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Financials** | **ProFund VP Health Care** | **ProFund VP Industrials** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $1770 | $33 | $51 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 5663 | 2022 | 6136 | 15899 | 4387 |
| **NET INVESTMENT INCOME (LOSS)** | (5663) | (252) | (6103) | (15848) | (4387) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 41227 | 19473 | 6596 | 131410 | 8411 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 3159 | (20731) | 36066 | (32207) | 27486 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (19604) | (519) | 2426 | 54086 | 20061 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 24782 | (1777) | 45088 | 153289 | 55958 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $19119 | $(2029) | $38985 | $137441 | $51571 |

---

**The accompanying notes are an integral part of these financial statements.**

A10

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Real Estate** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Value** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $641067 | $527668 | $118345 | $450589 | $217325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $641067 | $527668 | $118345 | $450589 | $217325 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $641067 | $527668 | $118345 | $450589 | $217325 |
|  | $641067 | $527668 | $118345 | $450589 | $217325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 19828 | 18749 | 6995 | 14417 | 8180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 16769 | 12375 | 2552 | 15363 | 4843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $38.23 | $42.64 | $46.38 | $29.33 | $44.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $638230 | $501095 | $132027 | $457610 | $200968 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Real Estate** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Value** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $1420 | $1814 | $— | $758 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 7535 | 5233 | 1678 | 5727 | 2941 |
| **NET INVESTMENT INCOME (LOSS)** | (7535) | (3813) | 136 | (5727) | (2183) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 61508 | 40626 |  | 37732 | 9722 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (10881) | (491) | (2166) | (6591) | (32) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (20552) | (14869) | 527 | (16722) | (832) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 30075 | 25266 | (1639) | 14419 | 8858 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $22540 | $21453 | $(1503) | $8692 | $6675 |

---

**The accompanying notes are an integral part of these financial statements.**

A11

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP Utilities** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $90479 | $330045 | $1005807 | $1012448 | $357833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $90479 | $330045 | $1005807 | $1012448 | $357833 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $90479 | $330045 | $1005807 | $1012448 | $357833 |
|  | $90479 | $330045 | $1005807 | $1012448 | $357833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 3758 | 12785 | 16438 | 34271 | 37236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1479 | 6577 | 13510 | 21333 | 15572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $61.17 | $50.18 | $74.45 | $47.46 | $22.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $63654 | $276004 | $795011 | $965190 | $385881 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP Utilities** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $4985 | $— | $6117 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 958 | 4257 | 10700 | 12093 | 5809 |
| **NET INVESTMENT INCOME (LOSS)** | (958) | 728 | (10700) | (5976) | (5809) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 161 | 89900 | 116603 | 119050 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 19904 | 19060 | 52740 | 2164 | 8615 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (5684) | 22581 | 38096 | (30604) | (72786) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 14220 | 41802 | 180736 | 88163 | 54879 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $13262 | $42530 | $170036 | $82187 | $49070 |

---

**The accompanying notes are an integral part of these financial statements.**

A12

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Allspring VT Opportunity Fund (Class 1)** | **AST ClearBridge Dividend Growth Portfolio\*\*** | **AST Multi-Sector Fixed Income Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $138598 | $411819633 | $365042 | $— | $7953836521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $138598 | $411819633 | $365042 | $— | $7953836521 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $138598 | $411819633 | $365042 | $— | $7953836521 |
|  | $138598 | $411819633 | $365042 | $— | $7953836521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 3706 | 17801818 | 8453 |  | 708635094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 13391 | 13515577 | 14221 |  | 553888337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $10.35 | $30.47 | $25.67 | $— | $14.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $127399 | $223686126 | $324732 | $— | $6331990433 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Allspring VT Opportunity Fund (Class 1)** | **AST ClearBridge Dividend Growth Portfolio** | **AST Multi-Sector Fixed Income Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $1487 | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 2246 | 4046710 | 7705 | 148421 | 160333990 |
| **NET INVESTMENT INCOME (LOSS)** | (2246) | (4046710) | (6218) | (148421) | (160333990) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 7149 |  | 51083 |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 231 | 89613563 | 21981 | 72381546 | 241597668 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 4831 | (28545508) | (52070) | (65758457) | 294983738 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 12211 | 61068055 | 20994 | 6623089 | 536581406 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $9965 | $57021345 | $14776 | $6474668 | $376247416 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A13

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025\*\*** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST Bond Portfolio 2026** | **AST Global Bond Portfolio\*\*** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $950717623 | $— | $2260084305 | $9916937 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $950717623 | $— | $2260084305 | $9916937 | $— |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $950717623 | $— | $2260084305 | $9916937 | $— |
|  | $950717623 | $— | $2260084305 | $9916937 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 28708676 |  | 103033949 | 985101 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 21235596 |  | 87702146 | 777189 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $44.77 | $— | $25.77 | $12.76 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $795420775 | $— | $1683712270 | $9474725 | $— |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST Bond Portfolio 2026** | **AST Global Bond Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 11228524 | 190566 | 30921598 | 210855 | 157152 |
| **NET INVESTMENT INCOME (LOSS)** | (11228524) | (190566) | (30921598) | (210855) | (157152) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 15782816 | 938894 | 157527906 | 282726 | (843039) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 85257254 | (570754) | 92871452 | 254921 | 1624076 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 101040070 | 368140 | 250399358 | 537647 | 781037 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $89811546 | $177574 | $219477760 | $326792 | $623885 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A14

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Global Allocation V.I. Fund (Class III)** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $44661641 | $4558869 | $2805624 | $11929369 | $781396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $44661641 | $4558869 | $2805624 | $11929369 | $781396 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $44661641 | $4558869 | $2805624 | $11929369 | $781396 |
|  | $44661641 | $4558869 | $2805624 | $11929369 | $781396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 2514919 | 454433 | 201005 | 1168889 | 76590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 3347949 | 373372 | 191903 | 978619 | 65608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $13.34 | $12.21 | $14.62 | $12.19 | $11.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $46824990 | $4254208 | $2214566 | $11742377 | $700348 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Global Allocation V.I. Fund (Class III)** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $1760446 | $— | $7304 | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 261979 | 103871 | 40644 | 252863 | 21474 |
| **NET INVESTMENT INCOME (LOSS)** | 1498467 | (103871) | (33340) | (252863) | (21474) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 4317997 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (169561) | 78280 | 26011 | (59344) | 27573 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1956723 | 231702 | 715800 | 933491 | 56575 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 6105159 | 309982 | 741811 | 874147 | 84148 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $7603626 | $206111 | $708471 | $621284 | $62674 |

---

**The accompanying notes are an integral part of these financial statements.**

A15

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $11993851 | $30312293 | $1594581 | $2507135 | $1076429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $11993851 | $30312293 | $1594581 | $2507135 | $1076429 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $11993851 | $30312293 | $1594581 | $2507135 | $1076429 |
|  | $11993851 | $30312293 | $1594581 | $2507135 | $1076429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 1144336 | 3409485 | 65612 | 97675 | 43465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1002830 | 3022163 | 26625 | 25149 | 11015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $11.96 | $10.03 | $59.89 | $99.69 | $97.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $12001355 | $30422556 | $1430732 | $1615148 | $1031067 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $2117 | $— | $4600 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 249549 | 642983 | 7416 | 9196 | 6464 |
| **NET INVESTMENT INCOME (LOSS)** | (249549) | (642983) | (5299) | (9196) | (1864) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 263747 | 41259 | 206235 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (91986) | (677567) | 175442 | 212667 | 41128 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1113449 | 3236444 | (106160) | 213740 | (25559) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 1021463 | 2558877 | 333029 | 467666 | 221804 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $771914 | $1915894 | $327730 | $458470 | $219940 |

---

**The accompanying notes are an integral part of these financial statements.**

A16

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **Vanguard VIF Equity Index Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1675645 | $506594 | $358724 | $1256397 | $1624370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1675645 | $506594 | $358724 | $1256397 | $1624370 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1675645 | $506594 | $358724 | $1256397 | $1624370 |
|  | $1675645 | $506594 | $358724 | $1256397 | $1624370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 160910 | 37575 | 24866 | 121245 | 76389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 147504 | 32474 | 15376 | 106655 | 19819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $11.36 | $15.60 | $23.33 | $11.78 | $81.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1675977 | $501024 | $376710 | $1253672 | $1195681 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **Vanguard VIF Equity Index Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $61890 | $— | $9377 | $56968 | $16369 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 8195 | 3202 | 1714 | 6599 | 11629 |
| **NET INVESTMENT INCOME (LOSS)** | 53695 | (3202) | 7663 | 50369 | 4740 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 25004 |  | 31541 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (371) | 26083 | 5564 | (3790) | 60781 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 65089 | 73603 | 5850 | 33156 | 181983 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 64718 | 99686 | 36418 | 29366 | 274305 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $118413 | $96484 | $44081 | $79735 | $279045 |

---

**The accompanying notes are an integral part of these financial statements.**

A17

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $154275 | $2535150 | $1140669 | $2506692 | $3593970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $154275 | $2535150 | $1140669 | $2506692 | $3593970 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $154275 | $2535150 | $1140669 | $2506692 | $3593970 |
|  | $154275 | $2535150 | $1140669 | $2506692 | $3593970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 15796 | 153992 | 107664 | 256735 | 226686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 8193 | 90671 | 98588 | 232101 | 133804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $18.83 | $27.96 | $11.57 | $10.80 | $26.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $159951 | $2242350 | $1228962 | $2524554 | $2807722 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $4768 | $31862 | $33978 | $58073 | $97912 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 1178 | 17014 | 8652 | 15692 | 25101 |
| **NET INVESTMENT INCOME (LOSS)** | 3590 | 14848 | 25326 | 42381 | 72811 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 291 | 126933 | 21756 |  | 59688 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (1699) | 5173 | (28465) | 20325 | 71739 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 5262 | 95965 | 1527 | 75437 | 691358 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 3854 | 228071 | (5182) | 95762 | 822785 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $7444 | $242919 | $20144 | $138143 | $895596 |

---

.

**The accompanying notes are an integral part of these financial statements.**

A18

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF High Yield Bond Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $2514512 | $1851899 | $190384 | $891085 | $477716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $2514512 | $1851899 | $190384 | $891085 | $477716 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $2514512 | $1851899 | $190384 | $891085 | $477716 |
|  | $2514512 | $1851899 | $190384 | $891085 | $477716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 122898 | 114892 | 14815 | 41340 | 39244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 41269 | 72881 | 7195 | 24293 | 63274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $60.93 | $25.41 | $26.46 | $36.68 | $7.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1968441 | $1810346 | $189205 | $687315 | $451796 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF High Yield Bond Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $29521 | $36291 | $4603 | $1729 | $30055 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 19062 | 13124 | 1400 | 6480 | 3608 |
| **NET INVESTMENT INCOME (LOSS)** | 10459 | 23167 | 3203 | (4751) | 26447 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 137813 | 155444 | 5392 | 46787 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 61127 | (4686) | (419) | 16561 | 2221 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 164355 | 79973 | 11859 | 71555 | 8965 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 363295 | 230731 | 16832 | 134903 | 11186 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $373754 | $253898 | $20035 | $130152 | $37633 |

---

**The accompanying notes are an integral part of these financial statements.**

A19

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1609363 | $3050807 | $5180699 | $2364885 | $1808141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1609363 | $3050807 | $5180699 | $2364885 | $1808141 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1609363 | $3050807 | $5180699 | $2364885 | $1808141 |
|  | $1609363 | $3050807 | $5180699 | $2364885 | $1808141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 109962 | 273755 | 314242 | 118001 | 175179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 48358 | 285924 | 188321 | 130082 | 189931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $33.28 | $10.67 | $27.51 | $18.18 | $9.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1506345 | $2912225 | $4932046 | $2082803 | $1832878 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $41122 | $119755 | $120233 | $28615 | $83541 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 12529 | 21928 | 39215 | 14788 | 16321 |
| **NET INVESTMENT INCOME (LOSS)** | 28593 | 97827 | 81018 | 13827 | 67220 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 69081 |  | 490664 | 105254 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (991) | 6535 | (65295) | 170268 | (21250) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 138629 | 69481 | 383371 | 6688 | 97858 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 206719 | 76016 | 808740 | 282210 | 76608 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $235312 | $173843 | $889758 | $296037 | $143828 |

---

**The accompanying notes are an integral part of these financial statements.**

A20

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $4135004 | $3008437 | $931000 | $1144611 | $288239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $4135004 | $3008437 | $931000 | $1144611 | $288239 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $4135004 | $3008437 | $931000 | $1144611 | $288239 |
|  | $4135004 | $3008437 | $931000 | $1144611 | $288239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 163095 | 145706 | 89614 | 60284 | 13640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 29314 | 44418 | 94040 | 82287 | 37580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $141.06 | $67.73 | $9.90 | $13.91 | $7.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $3198335 | $2632747 | $978984 | $1093825 | $344941 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $9083 | $32200 | $41861 | $22057 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 29848 | 23805 | 7383 | 3923 | 1522 |
| **NET INVESTMENT INCOME (LOSS)** | (20765) | 8395 | 34478 | 18134 | (1522) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 293000 | 445695 |  | 133386 | 32165 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 270179 | 487002 | (11815) | 5705 | (18462) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 79599 | (521954) | 50075 | 53526 | 33860 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 642778 | 410743 | 38260 | 192617 | 47563 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $622013 | $419138 | $72738 | $210751 | $46041 |

---

**The accompanying notes are an integral part of these financial statements.**

A21

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA U.S. Large Value Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1094047 | $1445726 | $480334 | $891049 | $1318380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1094047 | $1445726 | $480334 | $891049 | $1318380 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1094047 | $1445726 | $480334 | $891049 | $1318380 |
|  | $1094047 | $1445726 | $480334 | $891049 | $1318380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 61875 | 93858 | 46364 | 81394 | 78099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 95135 | 81957 | 49265 | 88485 | 37765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $11.50 | $17.64 | $9.75 | $10.07 | $34.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1071521 | $1462030 | $500524 | $901389 | $1235969 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA U.S. Large Value Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $46665 | $47203 | $19119 | $36941 | $23679 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 9059 | 3819 | 3325 | 6482 | 9517 |
| **NET INVESTMENT INCOME (LOSS)** | 37606 | 43384 | 15794 | 30459 | 14162 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 90631 | 106431 |  |  | 73960 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (183710) | 7955 | (3250) | 2168 | 1205 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 523544 | 51094 | 3464 | (2404) | 79755 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 430465 | 165480 | 214 | (236) | 154920 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $468071 | $208864 | $16008 | $30223 | $169082 |

---

**The accompanying notes are an integral part of these financial statements.**

A22

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Dimensional VA U.S. Targeted Value Portfolio** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $2821307 | $2205232 | $66758 | $986104 | $3260512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $2821307 | $2205232 | $66758 | $986104 | $3260512 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $2821307 | $2205232 | $66758 | $986104 | $3260512 |
|  | $2821307 | $2205232 | $66758 | $986104 | $3260512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 143494 | 121862 | 3555 | 51385 | 187875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 126630 | 83185 | 1685 | 48841 | 205970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $22.28 | $26.51 | $39.61 | $20.19 | $15.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $2964108 | $1927835 | $59691 | $834592 | $2443392 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Dimensional VA U.S. Targeted Value Portfolio** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $50297 | $37231 | $43 | $7833 | $54429 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 18848 | 9454 | 250 | 3811 | 10095 |
| **NET INVESTMENT INCOME (LOSS)** | 31449 | 27777 | (207) | 4022 | 44334 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 227552 | 107573 | 6813 | 60184 | 20965 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (18773) | 34139 | 144 | 19953 | 86440 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (16179) | 150331 | (2711) | 73120 | 820309 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 192600 | 292043 | 4246 | 153257 | 927714 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $224049 | $319820 | $4039 | $157279 | $972048 |

---

**The accompanying notes are an integral part of these financial statements.**

A23

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $346587 | $1104549 | $262245 | $312523 | $2616450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $346587 | $1104549 | $262245 | $312523 | $2616450 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $346587 | $1104549 | $262245 | $312523 | $2616450 |
|  | $346587 | $1104549 | $262245 | $312523 | $2616450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 16577 | 82332 | 18706 | 14731 | 166553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 16907 | 114461 | 6845 | 10237 | 98252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $20.50 | $9.65 | $38.31 | $30.53 | $26.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $249881 | $1138485 | $241024 | $226616 | $2142607 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $5718 | $99390 | $955 | $264 | $25787 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 1443 | 5822 | 1223 | 817 | 11486 |
| **NET INVESTMENT INCOME (LOSS)** | 4275 | 93568 | (268) | (553) | 14301 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 14166 |  | 23612 | 8480 | 17511 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 15028 | (34651) | (7640) | 1334 | 211424 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 12504 | (4544) | 15508 | 51767 | 262938 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 41698 | (39195) | 31480 | 61581 | 491873 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $45973 | $54373 | $31212 | $61028 | $506174 |

---

**The accompanying notes are an integral part of these financial statements.**

A24

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $2325088 | $2476479 | $1502310 | $292063 | $136759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $2325088 | $2476479 | $1502310 | $292063 | $136759 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $2325088 | $2476479 | $1502310 | $292063 | $136759 |
|  | $2325088 | $2476479 | $1502310 | $292063 | $136759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 126894 | 206113 | 47214 | 17765 | 10038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 61986 | 220523 | 31601 | 11229 | 5746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $37.51 | $11.23 | $47.54 | $26.01 | $23.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $2258621 | $2335234 | $1017537 | $250044 | $132123 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $9024 | $95793 | $— | $6001 | $378 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 7957 | 9638 | 6321 | 1406 | 566 |
| **NET INVESTMENT INCOME (LOSS)** | 1067 | 86155 | (6321) | 4595 | (188) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 235192 |  | 122052 | 17443 | 8814 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (13592) | 26459 | 134914 | 54694 | (1793) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (7889) | 94174 | 54653 | (33724) | (2164) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 213711 | 120633 | 311619 | 38413 | 4857 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $214778 | $206788 | $305298 | $43008 | $4669 |

---

**The accompanying notes are an integral part of these financial statements.**

A25

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1126999 | $753095 | $407605 | $749376 | $1061628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1126999 | $753095 | $407605 | $749376 | $1061628 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1126999 | $753095 | $407605 | $749376 | $1061628 |
|  | $1126999 | $753095 | $407605 | $749376 | $1061628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 84840 | 77623 | 34763 | 51149 | 63978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 39965 | 161956 | 65743 | 93907 | 28716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $28.20 | $4.65 | $6.20 | $7.98 | $36.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1174540 | $820783 | $396774 | $864823 | $867677 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $34089 | $27154 | $— | $16445 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 3949 | 6819 | 1758 | 4523 | 4999 |
| **NET INVESTMENT INCOME (LOSS)** | (3949) | 27270 | 25396 | (4523) | 11446 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 78533 |  |  | 179786 | 59580 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (28254) | (477665) | (2813) | (51985) | 76749 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 37016 | 587070 | 12031 | (127737) | 204128 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 87295 | 109405 | 9218 | 64 | 340457 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $83346 | $136675 | $34614 | $(4459) | $351903 |

---

**The accompanying notes are an integral part of these financial statements.**

A26

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Investors Trust Series (Service Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $116491 | $11757683 | $4407959 | $23144929 | $506923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $116491 | $11757683 | $4407959 | $23144929 | $506923 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $116491 | $11757683 | $4407959 | $23144929 | $506923 |
|  | $116491 | $11757683 | $4407959 | $23144929 | $506923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 6247 | 661192 | 209803 | 916103 | 23729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 5166 | 668050 | 201553 | 609719 | 19825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $22.55 | $17.60 | $21.87 | $37.96 | $25.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $116131 | $10597147 | $4443204 | $17918586 | $624618 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Investors Trust Series (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $300 | $78758 | $701 | $— | $3006 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 420 | 94552 | 21703 | 116376 | 3053 |
| **NET INVESTMENT INCOME (LOSS)** | (120) | (15794) | (21002) | (116376) | (47) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 15800 | 583899 | 607707 | 2949560 | 212627 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 698 | 291774 | 10569 | 1155218 | (4215) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (6047) | 789137 | (241314) | (859553) | (147635) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 10451 | 1664810 | 376962 | 3245225 | 60777 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $10331 | $1649016 | $355960 | $3128849 | $60730 |

---

**The accompanying notes are an integral part of these financial statements.**

A27

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $11074898 | $2902692 | $929690 | $28400090 | $32725670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $11074898 | $2902692 | $929690 | $28400090 | $32725670 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $11074898 | $2902692 | $929690 | $28400090 | $32725670 |
|  | $11074898 | $2902692 | $929690 | $28400090 | $32725670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 662772 | 182939 | 44076 | 2790836 | 2138335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1685677 | 239892 | 31156 | 2461013 | 1445480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $6.57 | $12.10 | $29.84 | $11.54 | $22.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $13555376 | $3439285 | $987110 | $28816792 | $33359207 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $1375 | $1167054 | $771121 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 58906 | 14800 | 5261 | 249498 | 330958 |
| **NET INVESTMENT INCOME (LOSS)** | (58906) | (14800) | (3886) | 917556 | 440163 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 2222128 |  | 214080 |  | 2268678 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (240627) | (204607) | 2743 | (131098) | (99405) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (1628562) | 551890 | (111310) | 799999 | 180552 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 352939 | 347283 | 105513 | 668901 | 2349825 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $294033 | $332483 | $101627 | $1586457 | $2789988 |

---

**The accompanying notes are an integral part of these financial statements.**

A28

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Utilities Series (Service Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $8393563 | $20335502 | $39081976 | $14331952 | $13226484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $8393563 | $20335502 | $39081976 | $14331952 | $13226484 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $8393563 | $20335502 | $39081976 | $14331952 | $13226484 |
|  | $8393563 | $20335502 | $39081976 | $14331952 | $13226484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 497309 | 941859 | 2437228 | 699918 | 1367982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 227962 | 357642 | 1459917 | 816635 | 1420675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $36.82 | $56.86 | $26.77 | $17.55 | $9.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $7912325 | $18829834 | $36599692 | $12388559 | $13894186 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Utilities Series (Service Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $214929 | $— | $663708 | $167436 | $513289 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 42548 | 88739 | 205621 | 70471 | 64769 |
| **NET INVESTMENT INCOME (LOSS)** | 172381 | (88739) | 458087 | 96965 | 448520 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 107186 | 3018078 | 2474784 | 873198 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 47254 | 450467 | 237485 | 285685 | (85806) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 699063 | 117408 | 1789718 | 747858 | 357922 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 853503 | 3585953 | 4501987 | 1906741 | 272116 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1025884 | $3497214 | $4960074 | $2003706 | $720636 |

---

**The accompanying notes are an integral part of these financial statements.**

A29

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $9840663 | $3001316 | $44258193 | $14690450 | $4621456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $9840663 | $3001316 | $44258193 | $14690450 | $4621456 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $9840663 | $3001316 | $44258193 | $14690450 | $4621456 |
|  | $9840663 | $3001316 | $44258193 | $14690450 | $4621456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 553127 | 244704 | 2007882 | 720719 | 338898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 551298 | 158214 | 329327 | 226809 | 211702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $17.85 | $18.97 | $134.39 | $64.77 | $21.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $8293501 | $3355677 | $35835018 | $13370405 | $4105623 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $109863 | $5565 | $45207 | $101039 | $49255 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; for administration | 45618 | 13500 | 197552 | 72767 | 18427 |
| **NET INVESTMENT INCOME (LOSS)** | 64245 | (7935) | (152345) | 28272 | 30828 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 302599 | 55079 | 2829553 | 2305606 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 99822 | (75207) | 1017121 | 193496 | 21940 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1317422 | 370817 | 3203956 | (314541) | 781723 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 1719843 | 350689 | 7050630 | 2184561 | 803663 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1784088 | $342754 | $6898285 | $2212833 | $834491 |

---

**The accompanying notes are an integral part of these financial statements.**

A30

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® New World Fund (Class 4)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $4541636 | $7086415 | $4588287 | $2978996 | $5457342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $4541636 | $7086415 | $4588287 | $2978996 | $5457342 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $4541636 | $7086415 | $4588287 | $2978996 | $5457342 |
|  | $4541636 | $7086415 | $4588287 | $2978996 | $5457342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 305755 | 339007 | 232930 | 145647 | 293166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 143224 | 266707 | 457001 | 217763 | 792067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $31.71 | $26.57 | $10.04 | $13.68 | $6.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $4015711 | $6702828 | $4507417 | $2910864 | $6327776 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® New World Fund (Class 4)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $38474 | $15242 | $47900 | $48192 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 21700 | 32513 | 22438 | 12342 | 25273 |
| **NET INVESTMENT INCOME (LOSS)** | 16774 | (17271) | 25462 | 35850 | (25273) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 166564 | 731396 | 408101 | 331875 | 630233 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 23553 | 67332 | (117105) | 13121 | (111216) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 767956 | 296724 | 240787 | 168930 | 4810 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 958073 | 1095452 | 531783 | 513926 | 523827 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $974847 | $1078181 | $557245 | $549776 | $498554 |

---

**The accompanying notes are an integral part of these financial statements.**

A31

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $6129857 | $7799422 | $36113217 | $22288028 | $9812891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $6129857 | $7799422 | $36113217 | $22288028 | $9812891 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $6129857 | $7799422 | $36113217 | $22288028 | $9812891 |
|  | $6129857 | $7799422 | $36113217 | $22288028 | $9812891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 325049 | 432730 | 2136666 | 1096244 | 763262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 534892 | 373357 | 1418987 | 231204 | 259532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $11.46 | $20.89 | $25.45 | $96.40 | $37.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $6071993 | $7188347 | $31669241 | $16306265 | $9037178 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $110729 | $— | $543588 | $— | $15310 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 28555 | 40602 | 186232 | 106531 | 48261 |
| **NET INVESTMENT INCOME (LOSS)** | 82174 | (40602) | 357356 | (106531) | (32951) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 517296 | 1268744 | 1737022 | 278834 | 615717 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 9230 | 304051 | 314904 | 1592507 | 3181 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 398217 | (836290) | 2056883 | 2047670 | 683063 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 924743 | 736505 | 4108809 | 3919011 | 1301961 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1006917 | $695903 | $4466165 | $3812480 | $1269010 |

---

**The accompanying notes are an integral part of these financial statements.**

A32

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2032** | **PSF Global Portfolio (Class III)** | **PSF Mid-Cap Growth Portfolio (Class III)\*\*** | **PSF Natural Resources Portfolio (Class III)\*\*** | **PSF PGIM 50/50 Balanced Portfolio (Class III)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $29112076 | $1609318 | $— | $— | $8508844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $29112076 | $1609318 | $— | $— | $8508844 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $29112076 | $1609318 | $— | $— | $8508844 |
|  | $29112076 | $1609318 | $— | $— | $8508844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 3735416 | 114459 |  |  | 655861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 3389066 | 21001 |  |  | 173827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $8.59 | $76.63 | $— | $— | $48.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $30506086 | $1211340 | $— | $— | $6865734 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2032** | **PSF Global Portfolio (Class III)** | **PSF Mid-Cap Growth Portfolio (Class III)** | **PSF Natural Resources Portfolio (Class III)** | **PSF PGIM 50/50 Balanced Portfolio (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 590377 | 7992 | 3617 | 25755 | 39768 |
| **NET INVESTMENT INCOME (LOSS)** | (590377) | (7992) | (3617) | (25755) | (39768) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (869701) | 100144 | (83280) | 337255 | 218260 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 3396171 | 207656 | (269758) | (1216349) | 605158 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 2526470 | 307800 | (353038) | (879094) | 823418 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $1936093 | $299808 | $(356655) | $(904849) | $783650 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A33

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Flexible Managed Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class III)\*\*** | **PSF PGIM High Yield Bond Portfolio (Class III)** | **PSF PGIM Jennison Blend Portfolio (Class III)** | **PSF PGIM Jennison Growth Portfolio (Class III)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $152262510 | $— | $12556869 | $20370870 | $16953945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $152262510 | $— | $12556869 | $20370870 | $16953945 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $152262510 | $— | $12556869 | $20370870 | $16953945 |
|  | $152262510 | $— | $12556869 | $20370870 | $16953945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 11066114 |  | 1066285 | 1273974 | 1104028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 2654044 |  | 1622334 | 141405 | 80972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $57.37 | $— | $7.74 | $144.06 | $209.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $102624883 | $— | $10848431 | $15594917 | $12139141 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Flexible Managed Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class III)** | **PSF PGIM High Yield Bond Portfolio (Class III)** | **PSF PGIM Jennison Blend Portfolio (Class III)** | **PSF PGIM Jennison Growth Portfolio (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/25/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 960438 | 4208 | 65127 | 84404 | 79499 |
| **NET INVESTMENT INCOME (LOSS)** | (960438) | (4208) | (65127) | (84404) | (79499) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 12257313 | 106726 | 315351 | 532653 | 962602 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 6608466 | (38982) | 703122 | 4186479 | 1510940 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 18865779 | 67744 | 1018473 | 4719132 | 2473542 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $17905341 | $63536 | $953346 | $4634728 | $2394043 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A34

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class III)** | **PSF PGIM Total Return Bond Portfolio (Class III)** | **PSF Small-Cap Stock Index Portfolio (Class III)** | **PSF Stock Index Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class I)\*\*** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $6658997 | $21644657 | $12190900 | $62147016 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $6658997 | $21644657 | $12190900 | $62147016 | $— |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $6658997 | $21644657 | $12190900 | $62147016 | $— |
|  | $6658997 | $21644657 | $12190900 | $62147016 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 413475 | 2171801 | 1091027 | 3725131 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 94267 | 1378641 | 184431 | 371093 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $70.64 | $15.70 | $66.10 | $167.47 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $5181845 | $20313920 | $10672805 | $44242349 | $— |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class III)** | **PSF PGIM Total Return Bond Portfolio (Class III)** | **PSF Small-Cap Stock Index Portfolio (Class III)** | **PSF Stock Index Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/25/2025\*\*** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 29783 | 101681 | 56157 | 283545 | 609 |
| **NET INVESTMENT INCOME (LOSS)** | (29783) | (101681) | (56157) | (283545) | (609) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 176824 | 171529 | 74600 | 1327633 | 14803 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 743751 | 1154481 | 550505 | 7334056 | (441) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 920575 | 1326010 | 625105 | 8661689 | 14362 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $890792 | $1224329 | $568948 | $8378144 | $13753 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A35

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP High Income Portfolio (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **Vanguard VIF Capital Growth Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $358831 | $614707 | $344253 | $1586290 | $643918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $358831 | $614707 | $344253 | $1586290 | $643918 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $358831 | $614707 | $344253 | $1586290 | $643918 |
|  | $358831 | $614707 | $344253 | $1586290 | $643918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 29160 | 33274 | 24724 | 98677 | 30621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 73531 | 23498 | 9124 | 71262 | 10416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $4.88 | $26.16 | $37.73 | $22.26 | $61.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $347422 | $791117 | $319618 | $1546656 | $464390 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP High Income Portfolio (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **Vanguard VIF Capital Growth Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $22882 | $9648 | $9598 | $24347 | $8948 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 1558 | 2612 | 1604 | 5483 | 5435 |
| **NET INVESTMENT INCOME (LOSS)** | 21324 | 7036 | 7994 | 18864 | 3513 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 246904 | 4389 | 113265 | 38446 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 7082 | (3910) | 584 | 14478 | 36094 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 10805 | (176109) | 37333 | 44821 | 91580 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 17887 | 66885 | 42306 | 172564 | 166120 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $39211 | $73921 | $50300 | $191428 | $169633 |

---

**The accompanying notes are an integral part of these financial statements.**

A36

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF International Portfolio** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1729564 | $807162 | $2085458 | $1863172 | $2900364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1729564 | $807162 | $2085458 | $1863172 | $2900364 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1729564 | $807162 | $2085458 | $1863172 | $2900364 |
|  | $1729564 | $807162 | $2085458 | $1863172 | $2900364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 88135 | 45515 | 137736 | 167726 | 133247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 99002 | 30784 | 72944 | 165175 | 119307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $17.47 | $26.22 | $28.59 | $11.28 | $24.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1515007 | $741258 | $1916948 | $1890676 | $2797200 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF International Portfolio** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $31522 | $20944 | $18678 | $80730 | $14139 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 14044 | 5949 | 14946 | 16095 | 10860 |
| **NET INVESTMENT INCOME (LOSS)** | 17478 | 14995 | 3732 | 64635 | 3279 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 164830 | 63666 | 125883 |  | 336998 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 28660 | 1033 | (14667) | (186) | 68529 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 39105 | 33882 | 264292 | 5133 | 100012 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 232595 | 98581 | 375508 | 4947 | 505539 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $250073 | $113576 | $379240 | $69582 | $508818 |

---

**The accompanying notes are an integral part of these financial statements.**

A37

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Value Portfolio** | **ClearBridge Variable Appreciation Portfolio (Class I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1212822 | $1075179 | $798094 | $2023324 | $145204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1212822 | $1075179 | $798094 | $2023324 | $145204 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1212822 | $1075179 | $798094 | $2023324 | $145204 |
|  | $1212822 | $1075179 | $798094 | $2023324 | $145204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 57707 | 67707 | 47854 | 98248 | 7303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 55329 | 59337 | 53998 | 109192 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $21.92 | $18.12 | $14.78 | $18.53 | $62.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1094960 | $897873 | $689313 | $1606329 | $138106 |

---

**STATEMENTS OF OPERATION**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Value Portfolio** | **ClearBridge Variable Appreciation Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $— | $26276 | $24463 | $78772 | $755 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 4906 | 7839 | 4663 | 13291 | 1055 |
| **NET INVESTMENT INCOME (LOSS)** | (4906) | 18437 | 19800 | 65481 | (300) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 189617 | 9810 | 29598 | 57340 | 21619 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 112761 | 2099 | 17687 | 76047 | 30229 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (165000) | 100210 | 129104 | 447729 | (21438) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 137378 | 112119 | 176389 | 581116 | 30410 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $132472 | $130556 | $196189 | $646597 | $30110 |

---

**The accompanying notes are an integral part of these financial statements.**

A38

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **MFS® Technology Portfolio (Initial Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1387101 | $282322 | $31779 | $154473 | $557892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1387101 | $282322 | $31779 | $154473 | $557892 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1387101 | $282322 | $31779 | $154473 | $557892 |
|  | $1387101 | $282322 | $31779 | $154473 | $557892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 76562 | 14169 | 2142 | 8499 | 23717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 68499 | 5869 | 2091 | 10705 | 13271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $20.25 | $48.10 | $15.20 | $14.43 | $42.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1510104 | $233075 | $29572 | $155871 | $403283 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **MFS® Technology Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $29463 | $— | $811 | $2587 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 6062 | 1294 | 120 | 671 | 2249 |
| **NET INVESTMENT INCOME (LOSS)** | 23401 | (1294) | 691 | 1916 | (2249) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 186319 | 20129 | 2708 | 15529 | 66900 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (4577) | 21322 | 192 | 773 | 49774 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (42878) | (18140) | (106) | 2847 | (31160) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 138864 | 23311 | 2794 | 19149 | 85514 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $162265 | $22017 | $3485 | $21065 | $83265 |

---

**The accompanying notes are an integral part of these financial statements.**

A39

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **AST Bond Portfolio 2033** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I)** | **AST Bond Portfolio 2034** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $24703362 | $357109457 | $91407 | $22768 | $3917770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $24703362 | $357109457 | $91407 | $22768 | $3917770 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $24703362 | $357109457 | $91407 | $22768 | $3917770 |
|  | $24703362 | $357109457 | $91407 | $22768 | $3917770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 1309861 | 31893587 | 11090 | 1355 | 379475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 1145265 | 35710946 | 10270 | 1579 | 355192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $21.57 | $10.00 | $8.90 | $14.42 | $11.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $24511878 | $357109457 | $83844 | $22989 | $3841991 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **AST Bond Portfolio 2033** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I)** | **AST Bond Portfolio 2034** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp; Dividend income | $332893 | $11741393 | $— | $452 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 304187 | 1911138 | 1705 | 94 | 60251 |
| **NET INVESTMENT INCOME (LOSS)** | 28706 | 9830255 | (1705) | 358 | (60251) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| **ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 1839279 |  |  | 2496 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 52392 |  | 82 | 3595 | (166286) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 609943 |  | 7496 | (3376) | 120082 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 2501614 |  | 7578 | 2715 | (46204) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $2530320 | $9830255 | $5873 | $3073 | $(106455) |

---

**The accompanying notes are an integral part of these financial statements.**

A40

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | |
|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| **ASSETS** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1069684 | $543606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $1069684 | $543606 |
| **NET ASSETS,** representing: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation units | $1069684 | $543606 |
|  | $1069684 | $543606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units outstanding | 104468 | 51358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio shares held | 100252 | 50381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio net asset value per share | $10.67 | $10.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in portfolio shares, at cost | $1053943 | $541264 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | |
|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/2/2025\***<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | |
| &nbsp;&nbsp; Dividend income | $— | $— |
| **EXPENSES** |  |  |
| &nbsp;&nbsp; Charges for mortality and expense risk, and |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for administration | 12243 | 1959 |
| **NET INVESTMENT INCOME (LOSS)** | (12243) | (1959) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| **ON INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (69386) | 86 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 19753 | 2342 |
| **NET GAIN (LOSS) ON INVESTMENTS** | (49633) | 2428 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;RESULTING FROM OPERATIONS** | $(61876) | $469 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A41

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $1389288 | $(978171) | $(2314420) | $(90408) | $(77805) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed |  | 2922278 | 21155056 | 884594 | 1071250 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments |  | 2809375 | 6704463 | (85596) | (393983) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1389288 | 4753482 | 25545099 | 708590 | 599462 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1126104 | 132109 | 478267 |  | 416862 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (379156) | (1160724) | (1645745) | (29241) | (13419) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (20971589) | (12702450) | (25695620) | (1236239) | (1668283) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 10476224 | 1304575 | 1695786 | 2322 | 144695 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (2749) | 1655 | 1652 | 1913 | 377 |
| &nbsp;&nbsp;&nbsp; Other charges | (57714) | (16152) | (81643) | (193) | (466) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (9808880) | (12440987) | (25247303) | (1261438) | (1120234) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (8419592) | (7687505) | 297796 | (552848) | (520772) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 57578300 | 79626720 | 164798787 | 6917598 | 6492894 |
| &nbsp;&nbsp;&nbsp; End of period | $49158708 | $71939215 | $165096583 | $6364750 | $5972122 |
| &nbsp;&nbsp;&nbsp; Beginning units | 44444886 | 23240963 | 20654999 | 1310845 | 1397519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 9647315 | 469737 | 448499 | 4547 | 57379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (17546104) | (3897588) | (3483387) | (237385) | (372241) |
| &nbsp;&nbsp;&nbsp; Ending units | 36546097 | 19813112 | 17620111 | 1078007 | 1082657 |

---

**The accompanying notes are an integral part of these financial statements.**

A42

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF Natural Resources Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Global Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2022221) | $(991516) | $(8397) | $(4496820) | $(549695) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 23832750 | 4484212 | 314360 | 56391168 | 4897175 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (3087422) | 1248948 | (481865) | 3364481 | 2799301 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 18723107 | 4741644 | (175902) | 55258829 | 7146781 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 361974 | 106194 | 1050 | 752378 | 87159 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (1500636) | (607652) |  | (4487800) | (171296) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (28632921) | (14380969) | (27233) | (72774396) | (6073968) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (1434790) | 921451 | (2593217) | (4703767) | (554973) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 13993 | 1241 | 1 | (2703) | 1709 |
| &nbsp;&nbsp;&nbsp; Other charges | (150212) | (83670) | (269) | (606261) | (34785) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (31342592) | (14043405) | (2619668) | (81822549) | (6746154) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (12619485) | (9301761) | (2795570) | (26563720) | 400627 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 144510666 | 72286169 | 2795570 | 389026082 | 38588247 |
| &nbsp;&nbsp;&nbsp; End of period | $131891181 | $62984408 | $— | $362462362 | $38988874 |
| &nbsp;&nbsp;&nbsp; Beginning units | 24348018 | 11374874 | 288038 | 35064365 | 7751319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 397515 | 125056 | 2213 | 522750 | 107154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (5491663) | (2302275) | (290251) | (6971347) | (1296011) |
| &nbsp;&nbsp;&nbsp; Ending units | 19253870 | 9197655 |  | 28615768 | 6562462 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A43

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **Invesco V.I. Core Equity Fund (Series I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4558563) | $(1182619) | $46414 | $73646 | $(357136) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 844067 | 3180963 | 3360672 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 55979688 | 7138459 | 294294 | 1389350 | 1998223 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (4616946) | (2768701) | 455082 | (516976) | 1275122 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 46804179 | 3187139 | 1639857 | 4126983 | 6276881 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 230512 | 271999 | 3055 | 21538 | 194188 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (2474515) | (755708) | (109433) | (491091) | (636850) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (59528260) | (18601054) | (1782701) | (6675621) | (8164549) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 48082377 | 1836187 | 1821 | (57366) | (832874) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 118952 | 5070 | (400) | (332) | (2932) |
| &nbsp;&nbsp;&nbsp; Other charges | (232165) | (159398) | (2131) | (3181) | (4812) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (13803099) | (17402904) | (1889789) | (7206053) | (9447829) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 33001080 | (14215765) | (249932) | (3079070) | (3170948) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 289064323 | 100335553 | 10438670 | 36326338 | 49198704 |
| &nbsp;&nbsp;&nbsp; End of period | $322065403 | $86119788 | $10188738 | $33247268 | $46027756 |
| &nbsp;&nbsp;&nbsp; Beginning units | 25075131 | 9107938 | 4531672 | 5784091 | 8529717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 7434347 | 298682 | 45069 | 26751 | 72598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (6236662) | (1878791) | (779351) | (1119400) | (1634114) |
| &nbsp;&nbsp;&nbsp; Ending units | 26272816 | 7527829 | 3797390 | 4691442 | 6968201 |

---

**The accompanying notes are an integral part of these financial statements.**

A44

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **MFS® Research Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **LVIP American Century Value Fund (Standard Class II)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(644013) | $10204 | $(49392) | $(855292) | $27624 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 3822905 |  | 2985205 | 11053806 | 1057939 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 4557088 | 2517858 | 486596 | 4527960 | 786073 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 11276 | 6652288 | (2071091) | (8494340) | 27227 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 7747256 | 9180350 | 1351318 | 6232134 | 1898863 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 138710 | 71452 | 2353 | 53275 | 68524 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (433618) | (177627) | (40796) | (565921) | (179504) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (8302978) | (5998690) | (1993461) | (11290319) | (2153643) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (154316) | (425298) | 58068 | (506884) | 254840 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (3695) | (578) | (443) | 1086 | 434 |
| &nbsp;&nbsp;&nbsp; Other charges | (4622) | (3463) | (1442) | (6713) | (1289) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (8760519) | (6534204) | (1975721) | (12315476) | (2010638) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1013263) | 2646146 | (624403) | (6083342) | (111775) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 52097292 | 36561126 | 13359487 | 65322025 | 14550636 |
| &nbsp;&nbsp;&nbsp; End of period | $51084029 | $39207272 | $12735084 | $59238683 | $14438861 |
| &nbsp;&nbsp;&nbsp; Beginning units | 6183087 | 7379884 | 1865480 | 6619877 | 2364222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 102554 | 47001 | 9087 | 47068 | 153940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1089596) | (1195517) | (286761) | (1232734) | (467316) |
| &nbsp;&nbsp;&nbsp; Ending units | 5196045 | 6231368 | 1587806 | 5434211 | 2050846 |

---

**The accompanying notes are an integral part of these financial statements.**

A45

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Davis Equity Portfolio** | **AB VPS Large Cap Growth Portfolio (Class B)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **PSF Mid-Cap Growth Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(208915) | $(60262) | $(116157) | $(139538) | $(281201) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 850599 | 2307761 | 788656 | 742288 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (482482) | (607266) | 560687 | 716843 | 38644568 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (16469) | 1859044 | (304151) | 61593 | (46998567) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 142733 | 3499277 | 929035 | 1381186 | (8635200) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 64973 | 400 |  | 695 | 131735 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (42622) | (47746) | (64023) | (1217) | (177073) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2913831) | (2494230) | (1423664) | (1291268) | (4471494) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 226537 | (273708) | 152542 | 464699 | (54030433) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (322) | (1134) | 3316 | 311 | 3082 |
| &nbsp;&nbsp;&nbsp; Other charges | (1576) | (1474) | (612) | (19990) | (42591) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2666841) | (2817892) | (1332441) | (846770) | (58586774) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (2524108) | 681385 | (403406) | 534416 | (67221974) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 16247688 | 15400185 | 8713081 | 9035989 | 67221974 |
| &nbsp;&nbsp;&nbsp; End of period | $13723580 | $16081570 | $8309675 | $9570405 | $— |
| &nbsp;&nbsp;&nbsp; Beginning units | 2810323 | 4283255 | 2259828 | 1769673 | 10306844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 74152 | 8655 | 140195 | 180969 | 236000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (522422) | (726317) | (463874) | (278023) | (10542844) |
| &nbsp;&nbsp;&nbsp; Ending units | 2362053 | 3565593 | 1936149 | 1672619 |  |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A46

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** | **AST Large-Cap Value Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** |
| | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(137230) | $(38267293) | $(154397) | $(15189325) | $(110490) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 41131024 | 88145546 | 25811662 | 54049094 | 30534479 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (38243559) | 170265965 | (23881508) | 133925409 | (20606349) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 2750235 | 220144218 | 1775757 | 172785178 | 9817640 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 27842 | 747255 | 61960 | 4891127 | 4723 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (30565) | (2700446) | (98926) | (2217399) | (23018) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1596733) | (460885334) | (2847055) | (175380084) | (778155) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (173315768) | 43745473 | (131126066) | (5713361) | (121499525) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (34) | (32409) | 1 | 39382 | (197) |
| &nbsp;&nbsp;&nbsp; Other charges | (91188) | (33933552) | (111153) | (11220828) | (79796) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (175006446) | (453059013) | (134121239) | (189601163) | (122375968) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (172256211) | (232914795) | (132345482) | (16815985) | (112558328) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 172256211 | 2898457452 | 132345482 | 1313907269 | 112558328 |
| &nbsp;&nbsp;&nbsp; End of period | $— | $2665542657 | $— | $1297091284 | $— |
| &nbsp;&nbsp;&nbsp; Beginning units | 6672779 | 180308130 | 7870461 | 40884922 | 8558529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 87918 | 13747361 | 48149 | 1729794 | 102312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (6760697) | (42145627) | (7918610) | (7564891) | (8660841) |
| &nbsp;&nbsp;&nbsp; Ending units |  | 151909864 |  | 35049825 |  |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A47

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST MFS Global Equity Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(213357) | $(110311095) | $(20513959) | $(231730298) | $(30093014) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 96949293 | 699928859 | 74497440 | 592064930 | 127283993 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (88679493) | 420283778 | 91515513 | 1597378758 | 90144712 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 8056443 | 1009901542 | 145498994 | 1957713390 | 187335691 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 85654 | 3662056 | 331321 | 14538367 | 1680757 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  | (4337854) | (2703823) | (14818083) | (3485419) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2295299) | (1289628496) | (192970524) | (2713198271) | (451307797) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (275917023) | (69743904) | 21888765 | (313847728) | 126763009 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (379) | (105525) | 6731 | (53335) | (23502) |
| &nbsp;&nbsp;&nbsp; Other charges | (158819) | (83968327) | (14821716) | (190752091) | (23819556) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (278285866) | (1444122050) | (188269246) | (3218131141) | (350192508) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (270229423) | (434220508) | (42770252) | (1260417751) | (162856817) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 270229423 | 8092503664 | 1394935698 | 17632849453 | 2212628346 |
| &nbsp;&nbsp;&nbsp; End of period | $— | $7658283156 | $1352165446 | $16372431702 | $2049771529 |
| &nbsp;&nbsp;&nbsp; Beginning units | 10134517 | 315375779 | 88860330 | 798976996 | 133853902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 67400 | 12064473 | 8890639 | 16874048 | 12969353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (10201917) | (67515237) | (20928335) | (159607833) | (33972508) |
| &nbsp;&nbsp;&nbsp; Ending units |  | 259925015 | 76822634 | 656243211 | 112850747 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A48

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Small-Cap Equity Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(133370200) | $(54921973) | $(24690073) | $7492116 | $(7217939) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 667445299 | 350812015 | 209470705 |  | 10942681 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 703003009 | 206779705 | 103285918 |  | 28289151 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1237078108 | 502669747 | 288066550 | 7492116 | 32013893 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2633632 | 1038519 | 9146917 | 5831719 | 2089500 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (5455642) | (2620060) | (2169854) | (1442010) | (445231) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1486577082) | (658590698) | (297618179) | (1131698808) | (79851674) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (96874943) | (71379826) | (120765517) | 1082454468 | 21065587 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (77185) | (17254) | 73593 | (11784) | 11094 |
| &nbsp;&nbsp;&nbsp; Other charges | (118760297) | (45023998) | (16685249) | (1529448) | (5130631) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1705111517) | (776593317) | (428018289) | (46395863) | (62261355) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (468033409) | (273923570) | (139951739) | (38903747) | (30247462) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 10175477211 | 4118513719 | 2115998250 | 303788995 | 608460472 |
| &nbsp;&nbsp;&nbsp; End of period | $9707443802 | $3844590149 | $1976046511 | $264885248 | $578213010 |
| &nbsp;&nbsp;&nbsp; Beginning units | 457914323 | 179687188 | 36026488 | 30593114 | 17041046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 30490463 | 3461831 | 1426061 | 35797654 | 1514917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (107231223) | (36344072) | (8683342) | (40225395) | (3415573) |
| &nbsp;&nbsp;&nbsp; Ending units | 381173563 | 146804947 | 28769207 | 26165373 | 15140390 |

---

**The accompanying notes are an integral part of these financial statements.**

A49

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/10/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(7056856) | $(78429326) | $(28540447) | $(45432) | $(21073067) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 42779249 | 253100714 | 11043160 | 9767467 | 106246748 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 120317505 | 158843239 | 146111296 | (11554174) | 64874271 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 156039898 | 333514627 | 128614009 | (1832139) | 150047952 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2182194 | 2331 | 5817090 | 1608 | 367337 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (672042) | (997808) | (3387587) |  | (1568884) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (82049028) | (563877182) | (336940391) | (437506) | (261234454) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 93173997 | (621361289) | 373808776 | (126019611) | 7878299 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 7293 | 1303 | (7039) | 73 | (26273) |
| &nbsp;&nbsp;&nbsp; Other charges | (5269809) | (89494169) | (22298895) | (28400) | (18585165) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 7372605 | (1275726814) | 16991954 | (126483836) | (273169140) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 163412503 | (942212187) | 145605963 | (128315975) | (123121188) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 438591207 | 5183168270 | 2134299316 | 128315975 | 1591820600 |
| &nbsp;&nbsp;&nbsp; End of period | $602003710 | $4240956083 | $2279905279 | $— | $1468699412 |
| &nbsp;&nbsp;&nbsp; Beginning units | 22693123 | 370246939 | 175251859 | 13431912 | 77884782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 7892487 | 368283517 | 38852672 | 42351 | 3333488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (7224679) | (457543658) | (37235598) | (13474263) | (16708601) |
| &nbsp;&nbsp;&nbsp; Ending units | 23360931 | 280986798 | 176868933 |  | 64509669 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A50

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Financials** | **ProFund VP Health Care** | **ProFund VP Industrials** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(5663) | $(252) | $(6103) | $(15848) | $(4387) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 41227 | 19473 | 6596 | 131410 | 8411 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 3159 | (20731) | 36066 | (32207) | 27486 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (19604) | (519) | 2426 | 54086 | 20061 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 19119 | (2029) | 38985 | 137441 | 51571 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (15858) | (15297) | (43219) | (189333) | (36325) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (28732) | 21759 | 513 | 11851 | (67348) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 313 | 52 | 46 | (24) | (72) |
| &nbsp;&nbsp;&nbsp; Other charges | (2767) | (1239) | (3806) | (10851) | (2794) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (47044) | 5275 | (46466) | (188357) | (106539) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (27925) | 3246 | (7481) | (50916) | (54968) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 586197 | 199410 | 422365 | 1254925 | 383979 |
| &nbsp;&nbsp;&nbsp; End of period | $558272 | $202656 | $414884 | $1204009 | $329011 |
| &nbsp;&nbsp;&nbsp; Beginning units | 11765 | 8020 | 18474 | 34189 | 12065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1799 | 2391 | 8415 | 9697 | 1507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (2805) | (2335) | (10058) | (13889) | (4433) |
| &nbsp;&nbsp;&nbsp; Ending units | 10759 | 8076 | 16831 | 29997 | 9139 |

---

**The accompanying notes are an integral part of these financial statements.**

A51

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Real Estate** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Value** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(7535) | $(3813) | $136 | $(5727) | $(2183) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 61508 | 40626 |  | 37732 | 9722 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (10881) | (491) | (2166) | (6591) | (32) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (20552) | (14869) | 527 | (16722) | (832) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 22540 | 21453 | (1503) | 8692 | 6675 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (33022) | (20550) | (4751) | (22489) | (25643) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 58787 | 149193 | 8206 | 27546 | 25875 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | 2 |  | (175) | 1 |
| &nbsp;&nbsp;&nbsp; Other charges | (5581) | (3303) | (919) | (3968) | (1820) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 20184 | 125342 | 2536 | 914 | (1587) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 42724 | 146795 | 1033 | 9606 | 5088 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 598343 | 380873 | 117312 | 440983 | 212237 |
| &nbsp;&nbsp;&nbsp; End of period | $641067 | $527668 | $118345 | $450589 | $217325 |
| &nbsp;&nbsp;&nbsp; Beginning units | 18919 | 14967 | 6791 | 14300 | 8450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 6972 | 7088 | 1685 | 3118 | 3154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (6063) | (3306) | (1481) | (3001) | (3424) |
| &nbsp;&nbsp;&nbsp; Ending units | 19828 | 18749 | 6995 | 14417 | 8180 |

---

**The accompanying notes are an integral part of these financial statements.**

A52

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP Utilities** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(958) | $728 | $(10700) | $(5976) | $(5809) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 161 | 89900 | 116603 | 119050 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 19904 | 19060 | 52740 | 2164 | 8615 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (5684) | 22581 | 38096 | (30604) | (72786) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 13262 | 42530 | 170036 | 82187 | 49070 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (14278) | (37814) | (58183) | (65947) | (77565) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (13324) | (16136) | (122583) | 221056 | 9654 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | 336 | (46) | (165) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (277) | (3059) | (5910) | (6735) | (891) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (27879) | (56673) | (186722) | 148209 | (68802) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (14617) | (14143) | (16686) | 230396 | (19732) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 105096 | 344188 | 1022493 | 782052 | 377565 |
| &nbsp;&nbsp;&nbsp; End of period | $90479 | $330045 | $1005807 | $1012448 | $357833 |
| &nbsp;&nbsp;&nbsp; Beginning units | 5709 | 14695 | 19726 | 30907 | 44632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1431 | 2913 | 2236 | 10539 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3382) | (4823) | (5524) | (7175) | (9149) |
| &nbsp;&nbsp;&nbsp; Ending units | 3758 | 12785 | 16438 | 34271 | 37236 |

---

**The accompanying notes are an integral part of these financial statements.**

A53

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Allspring VT Opportunity Fund (Class 1)** | **AST ClearBridge Dividend Growth Portfolio** | **AST Multi-Sector Fixed Income Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2246) | $(4046710) | $(6218) | $(148421) | $(160333990) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 7149 |  | 51083 |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 231 | 89613563 | 21981 | 72381546 | 241597668 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 4831 | (28545508) | (52070) | (65758457) | 294983738 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 9965 | 57021345 | 14776 | 6474668 | 376247416 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 3253794 |  | 82758 | 392 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  | (149691) |  |  | (4070718) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2356) | (212081855) | (210724) | (1425945) | (1181135918) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 26 | (18477757) |  | (187905053) | 698474 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | (8512) |  | (150) | (37965) |
| &nbsp;&nbsp;&nbsp; Other charges | (161) | (1446278) | (1360) | (96142) | (1269886) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2491) | (228910299) | (212084) | (189344532) | (1185815621) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 7474 | (171888954) | (197308) | (182869864) | (809568205) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 131124 | 583708587 | 562350 | 182869864 | 8763404726 |
| &nbsp;&nbsp;&nbsp; End of period | $138598 | $411819633 | $365042 | $— | $7953836521 |
| &nbsp;&nbsp;&nbsp; Beginning units | 3776 | 30366277 | 13546 | 6309211 | 816560545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued |  | 224210 |  | 39671 | 2813385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (70) | (12788669) | (5093) | (6348882) | (110738836) |
| &nbsp;&nbsp;&nbsp; Ending units | 3706 | 17801818 | 8453 |  | 708635094 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A54

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST Bond Portfolio 2026** | **AST Global Bond Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(11228524) | $(190566) | $(30921598) | $(210855) | $(157152) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 15782816 | 938894 | 157527906 | 282726 | (843039) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 85257254 | (570754) | 92871452 | 254921 | 1624076 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 89811546 | 177574 | 219477760 | 326792 | 623885 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 4251135 |  | 120257 |  | 23814 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (707235) |  | (457781) |  | (3845) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (133872758) | (660978) | (441328168) | (1256428) | (2407627) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 743511299 | (18720759) | (8787912) | 6948085 | (143135324) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 14298 | (672) | (36652) | (40) | 36 |
| &nbsp;&nbsp;&nbsp; Other charges | (8007611) | (18991) | (32352481) | (3283) | (131148) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 605189128 | (19401400) | (482842737) | 5688334 | (145654094) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 695000674 | (19223826) | (263364977) | 6015126 | (145030209) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 255716949 | 19223826 | 2523449282 | 3901811 | 145030209 |
| &nbsp;&nbsp;&nbsp; End of period | $950717623 | $— | $2260084305 | $9916937 | $— |
| &nbsp;&nbsp;&nbsp; Beginning units | 8682755 | 1669241 | 129573927 | 397836 | 14936025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 27315398 | 1043358 | 24435159 | 1593491 | 203870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (7289477) | (2712599) | (50975137) | (1006226) | (15139895) |
| &nbsp;&nbsp;&nbsp; Ending units | 28708676 |  | 103033949 | 985101 |  |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A55

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Global Allocation V.I. Fund (Class III)** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $1498467 | $(103871) | $(33340) | $(252863) | $(21474) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 4317997 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (169561) | 78280 | 26011 | (59344) | 27573 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1956723 | 231702 | 715800 | 933491 | 56575 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 7603626 | 206111 | 708471 | 621284 | 62674 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1168378 |  | 136 |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  | (6331) |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (6993640) | (1210031) | (455210) | (2365978) | (754015) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (706728) | 563971 | 40487 | (382902) | 106 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (10073) | (4) | (11) | (2) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (201793) | (3121) | (7231) | (5907) | (88) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (6743856) | (649185) | (428160) | (2754789) | (753997) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 859770 | (443074) | 280311 | (2133505) | (691323) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 43801871 | 5001943 | 2525313 | 14062874 | 1472719 |
| &nbsp;&nbsp;&nbsp; End of period | $44661641 | $4558869 | $2805624 | $11929369 | $781396 |
| &nbsp;&nbsp;&nbsp; Beginning units | 2927538 | 516988 | 241988 | 1446634 | 154244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 217995 | 203339 | 23258 | 30848 | 1085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (630614) | (265894) | (64241) | (308593) | (78739) |
| &nbsp;&nbsp;&nbsp; Ending units | 2514919 | 454433 | 201005 | 1168889 | 76590 |

---

**The accompanying notes are an integral part of these financial statements.**

A56

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(249549) | $(642983) | $(5299) | $(9196) | $(1864) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 263747 | 41259 | 206235 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (91986) | (677567) | 175442 | 212667 | 41128 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1113449 | 3236444 | (106160) | 213740 | (25559) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 771914 | 1915894 | 327730 | 458470 | 219940 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  | 13268 | 7495 | 9370 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2518641) | (6363005) | (817662) | (453942) | (410218) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 294906 | 1460982 | (107535) | (138956) | (471611) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 122 | (2341) | (4) | (6) | (165) |
| &nbsp;&nbsp;&nbsp; Other charges | (8102) | (22100) | (963) | (2933) | (3227) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2231715) | (4926464) | (912896) | (588342) | (875851) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1459801) | (3010570) | (585166) | (129872) | (655911) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 13453652 | 33322863 | 2179747 | 2637007 | 1732340 |
| &nbsp;&nbsp;&nbsp; End of period | $11993851 | $30312293 | $1594581 | $2507135 | $1076429 |
| &nbsp;&nbsp;&nbsp; Beginning units | 1363842 | 3980012 | 108684 | 124820 | 80258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 116741 | 1035743 | 11977 | 9956 | 34345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (336247) | (1606270) | (55049) | (37101) | (71138) |
| &nbsp;&nbsp;&nbsp; Ending units | 1144336 | 3409485 | 65612 | 97675 | 43465 |

---

**The accompanying notes are an integral part of these financial statements.**

A57

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **Vanguard VIF Equity Index Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $53695 | $(3202) | $7663 | $50369 | $4740 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 25004 |  | 31541 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (371) | 26083 | 5564 | (3790) | 60781 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 65089 | 73603 | 5850 | 33156 | 181983 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 118413 | 96484 | 44081 | 79735 | 279045 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 29698 | 14935 |  | 26389 | 163394 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (498412) | (154325) | (9253) | (144619) | (178984) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (30598) | (280007) | (94362) | 76006 | 167295 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (105) | (54) |  | (5) | (52) |
| &nbsp;&nbsp;&nbsp; Other charges | (1944) | (884) | (1226) | (1215) | (2964) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (501361) | (420335) | (104841) | (43444) | 148689 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (382948) | (323851) | (60760) | 36291 | 427734 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2058593 | 830445 | 419484 | 1220106 | 1196636 |
| &nbsp;&nbsp;&nbsp; End of period | $1675645 | $506594 | $358724 | $1256397 | $1624370 |
| &nbsp;&nbsp;&nbsp; Beginning units | 211047 | 69468 | 32155 | 125653 | 65741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 18184 | 64281 | 56705 | 104441 | 25525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (68321) | (96174) | (63994) | (108849) | (14877) |
| &nbsp;&nbsp;&nbsp; Ending units | 160910 | 37575 | 24866 | 121245 | 76389 |

---

**The accompanying notes are an integral part of these financial statements.**

A58

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $3590 | $14848 | $25326 | $42381 | $72811 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 291 | 126933 | 21756 |  | 59688 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (1699) | 5173 | (28465) | 20325 | 71739 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 5262 | 95965 | 1527 | 75437 | 691358 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 7444 | 242919 | 20144 | 138143 | 895596 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  | 652 | 7514 | 28055 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (30703) | (109104) | (137569) | (148166) | (480010) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 62013 | 178832 | 93167 | 851263 | (27819) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | 9 | (79) | (154) | (44) |
| &nbsp;&nbsp;&nbsp; Other charges | (388) | (2774) | (1663) | (4197) | (3737) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 30922 | 66963 | (45492) | 706260 | (483555) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 38366 | 309882 | (25348) | 844403 | 412041 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 115909 | 2225268 | 1166017 | 1662289 | 3181929 |
| &nbsp;&nbsp;&nbsp; End of period | $154275 | $2535150 | $1140669 | $2506692 | $3593970 |
| &nbsp;&nbsp;&nbsp; Beginning units | 12479 | 149677 | 112662 | 180393 | 263210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 6596 | 22176 | 27044 | 170027 | 28170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3279) | (17861) | (32042) | (93685) | (64694) |
| &nbsp;&nbsp;&nbsp; Ending units | 15796 | 153992 | 107664 | 256735 | 226686 |

---

.

**The accompanying notes are an integral part of these financial statements.**

A59

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF High Yield Bond Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $10459 | $23167 | $3203 | $(4751) | $26447 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 137813 | 155444 | 5392 | 46787 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 61127 | (4686) | (419) | 16561 | 2221 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 164355 | 79973 | 11859 | 71555 | 8965 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 373754 | 253898 | 20035 | 130152 | 37633 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2082 | 55793 |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (201896) | (36358) | (2902) | (34044) | (46969) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (70219) | (64871) | 3396 | (22884) | 11476 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (1) | (126) |  | (9) | 3 |
| &nbsp;&nbsp;&nbsp; Other charges | (4890) | (4654) | (189) | (748) | (500) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (274924) | (50216) | 305 | (57685) | (35990) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 98830 | 203682 | 20340 | 72467 | 1643 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2415682 | 1648217 | 170044 | 818618 | 476073 |
| &nbsp;&nbsp;&nbsp; End of period | $2514512 | $1851899 | $190384 | $891085 | $477716 |
| &nbsp;&nbsp;&nbsp; Beginning units | 136987 | 118203 | 14800 | 44044 | 42383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 5982 | 10102 | 904 | 1946 | 1653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (20071) | (13413) | (889) | (4650) | (4792) |
| &nbsp;&nbsp;&nbsp; Ending units | 122898 | 114892 | 14815 | 41340 | 39244 |

---

**The accompanying notes are an integral part of these financial statements.**

A60

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $28593 | $97827 | $81018 | $13827 | $67220 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 69081 |  | 490664 | 105254 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (991) | 6535 | (65295) | 170268 | (21250) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 138629 | 69481 | 383371 | 6688 | 97858 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 235312 | 173843 | 889758 | 296037 | 143828 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 28700 | 313391 | 65704 | 30726 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (232148) | (326968) | (3146074) | (476426) | (815581) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (440) | 407706 | 2073688 | 401571 | (177577) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 31 | (1) | 35 | 2 | (174) |
| &nbsp;&nbsp;&nbsp; Other charges | (820) | (2663) | (7811) | (491) | (3054) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (233377) | 106774 | (766771) | (9640) | (965660) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1935 | 280617 | 122987 | 286397 | (821832) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1607428 | 2770190 | 5057712 | 2078488 | 2629973 |
| &nbsp;&nbsp;&nbsp; End of period | $1609363 | $3050807 | $5180699 | $2364885 | $1808141 |
| &nbsp;&nbsp;&nbsp; Beginning units | 126706 | 263717 | 355163 | 121043 | 271841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 194 | 41878 | 171283 | 71402 | 21658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (16938) | (31840) | (212204) | (74444) | (118320) |
| &nbsp;&nbsp;&nbsp; Ending units | 109962 | 273755 | 314242 | 118001 | 175179 |

---

**The accompanying notes are an integral part of these financial statements.**

A61

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(20765) | $8395 | $34478 | $18134 | $(1522) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 293000 | 445695 |  | 133386 | 32165 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 270179 | 487002 | (11815) | 5705 | (18462) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 79599 | (521954) | 50075 | 53526 | 33860 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 622013 | 419138 | 72738 | 210751 | 46041 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 124904 | 55822 | 6845 | 2045 | 1350 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (744606) | (384367) | (159674) | (129188) | (75299) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (36166) | (2148543) | (76542) | (129507) | (356385) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (924) | 207 | 1 | (197) | 4 |
| &nbsp;&nbsp;&nbsp; Other charges | (5526) | (2942) | (1102) | (802) | (302) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (662318) | (2479823) | (230472) | (257649) | (430632) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (40305) | (2060685) | (157734) | (46898) | (384591) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 4175309 | 5069122 | 1088734 | 1191509 | 672830 |
| &nbsp;&nbsp;&nbsp; End of period | $4135004 | $3008437 | $931000 | $1144611 | $288239 |
| &nbsp;&nbsp;&nbsp; Beginning units | 197317 | 287761 | 112394 | 77975 | 35325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 37358 | 30536 | 5550 | 6807 | 726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (71580) | (172591) | (28330) | (24498) | (22411) |
| &nbsp;&nbsp;&nbsp; Ending units | 163095 | 145706 | 89614 | 60284 | 13640 |

---

**The accompanying notes are an integral part of these financial statements.**

A62

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA U.S. Large Value Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $37606 | $43384 | $15794 | $30459 | $14162 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 90631 | 106431 |  |  | 73960 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (183710) | 7955 | (3250) | 2168 | 1205 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 523544 | 51094 | 3464 | (2404) | 79755 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 468071 | 208864 | 16008 | 30223 | 169082 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2148 |  |  | 8031 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2599905) | (59133) | (22628) | (100020) | (74266) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (91016) | 262367 | 9453 | 119979 | (45930) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (130) |  | 1 | (3) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (1780) | (1512) | (365) | (1885) | (1843) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2690683) | 201722 | (13539) | 26102 | (122039) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (2222612) | 410586 | 2469 | 56325 | 47043 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 3316659 | 1035140 | 477865 | 834724 | 1271337 |
| &nbsp;&nbsp;&nbsp; End of period | $1094047 | $1445726 | $480334 | $891049 | $1318380 |
| &nbsp;&nbsp;&nbsp; Beginning units | 226464 | 80094 | 47794 | 78997 | 86580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1095 | 43765 | 6928 | 13869 | 3988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (165684) | (30001) | (8358) | (11472) | (12469) |
| &nbsp;&nbsp;&nbsp; Ending units | 61875 | 93858 | 46364 | 81394 | 78099 |

---

**The accompanying notes are an integral part of these financial statements.**

A63

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Dimensional VA U.S. Targeted Value Portfolio** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $31449 | $27777 | $(207) | $4022 | $44334 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 227552 | 107573 | 6813 | 60184 | 20965 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (18773) | 34139 | 144 | 19953 | 86440 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (16179) | 150331 | (2711) | 73120 | 820309 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 224049 | 319820 | 4039 | 157279 | 972048 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 28965 | 780669 |  | 28599 | 7767 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (165429) | (325980) | (1287) | (44696) | (297324) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 99806 | (665107) | 194 | 201671 | (30910) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (68) | (25873) | (7) | (58) | (10) |
| &nbsp;&nbsp;&nbsp; Other charges | (2450) | (3581) | (141) | (718) | (3742) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (39176) | (239872) | (1241) | 184798 | (324219) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 184873 | 79948 | 2798 | 342077 | 647829 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2636434 | 2125284 | 63960 | 644027 | 2612683 |
| &nbsp;&nbsp;&nbsp; End of period | $2821307 | $2205232 | $66758 | $986104 | $3260512 |
| &nbsp;&nbsp;&nbsp; Beginning units | 145059 | 134797 | 3623 | 39282 | 212106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 21071 | 59503 | 56 | 23269 | 33386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (22636) | (72438) | (124) | (11166) | (57617) |
| &nbsp;&nbsp;&nbsp; Ending units | 143494 | 121862 | 3555 | 51385 | 187875 |

---

**The accompanying notes are an integral part of these financial statements.**

A64

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $4275 | $93568 | $(268) | $(553) | $14301 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 14166 |  | 23612 | 8480 | 17511 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 15028 | (34651) | (7640) | 1334 | 211424 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 12504 | (4544) | 15508 | 51767 | 262938 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 45973 | 54373 | 31212 | 61028 | 506174 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2379 | 7188 |  |  | 10077 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (37652) | (486972) | (119728) | (3459) | (670152) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (19682) | (681669) | (1037) | 3798 | (438197) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 102 | 24 | 112 |  | 27 |
| &nbsp;&nbsp;&nbsp; Other charges | (497) | (1076) | (632) | (544) | (1523) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (55350) | (1162505) | (121285) | (205) | (1099768) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (9377) | (1108132) | (90073) | 60823 | (593594) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 355964 | 2212681 | 352318 | 251700 | 3210044 |
| &nbsp;&nbsp;&nbsp; End of period | $346587 | $1104549 | $262245 | $312523 | $2616450 |
| &nbsp;&nbsp;&nbsp; Beginning units | 19521 | 173360 | 28607 | 14730 | 241678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 300 | 8204 | 1543 | 244 | 10853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3244) | (99232) | (11444) | (243) | (85978) |
| &nbsp;&nbsp;&nbsp; Ending units | 16577 | 82332 | 18706 | 14731 | 166553 |

---

**The accompanying notes are an integral part of these financial statements.**

A65

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $1067 | $86155 | $(6321) | $4595 | $(188) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 235192 |  | 122052 | 17443 | 8814 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (13592) | 26459 | 134914 | 54694 | (1793) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (7889) | 94174 | 54653 | (33724) | (2164) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 214778 | 206788 | 305298 | 43008 | 4669 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 16976 | 5282 | 12285 | 604 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (387314) | (602825) | (461378) | (270688) | (29686) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 356860 | 187225 | (98233) | (72647) | 5532 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 65 | (2) | (376) | (5) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (1747) | (2492) | (2900) | (216) | (42) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (15160) | (412812) | (550602) | (342952) | (24196) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 199618 | (206024) | (245304) | (299944) | (19527) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2125470 | 2682503 | 1747614 | 592007 | 156286 |
| &nbsp;&nbsp;&nbsp; End of period | $2325088 | $2476479 | $1502310 | $292063 | $136759 |
| &nbsp;&nbsp;&nbsp; Beginning units | 129127 | 242256 | 67194 | 41058 | 11917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 55149 | 21064 | 3426 | 1730 | 2761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (57382) | (57207) | (23406) | (25023) | (4640) |
| &nbsp;&nbsp;&nbsp; Ending units | 126894 | 206113 | 47214 | 17765 | 10038 |

---

**The accompanying notes are an integral part of these financial statements.**

A66

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(3949) | $27270 | $25396 | $(4523) | $11446 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 78533 |  |  | 179786 | 59580 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (28254) | (477665) | (2813) | (51985) | 76749 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 37016 | 587070 | 12031 | (127737) | 204128 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 83346 | 136675 | 34614 | (4459) | 351903 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 4864 |  |  | 2399 | 1847 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (193160) | (2417244) | (36771) | (193613) | (639662) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 30556 | 253658 | 31874 | (622887) | (32783) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 20 | (22) | (23) | 10 | 24 |
| &nbsp;&nbsp;&nbsp; Other charges | (648) | (1372) | (1425) | (777) | (1629) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (158368) | (2164980) | (6345) | (814868) | (672203) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (75022) | (2028305) | 28269 | (819327) | (320300) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1202021 | 2781400 | 379336 | 1568703 | 1381928 |
| &nbsp;&nbsp;&nbsp; End of period | $1126999 | $753095 | $407605 | $749376 | $1061628 |
| &nbsp;&nbsp;&nbsp; Beginning units | 98564 | 307453 | 35428 | 110611 | 110594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 15932 | 27464 | 30866 | 33982 | 1645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (29656) | (257294) | (31531) | (93444) | (48261) |
| &nbsp;&nbsp;&nbsp; Ending units | 84840 | 77623 | 34763 | 51149 | 63978 |

---

**The accompanying notes are an integral part of these financial statements.**

A67

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Investors Trust Series (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(120) | $(15794) | $(21002) | $(116376) | $(47) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 15800 | 583899 | 607707 | 2949560 | 212627 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 698 | 291774 | 10569 | 1155218 | (4215) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (6047) | 789137 | (241314) | (859553) | (147635) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 10331 | 1649016 | 355960 | 3128849 | 60730 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 1935512 | 409277 | 2263978 | 37846 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  | (71242) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (23383) | (798016) | (293718) | (3417041) | (55581) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 1060 | 1449755 | (76438) | (209061) | 35784 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1 | (287) | (550) | (572) | (452) |
| &nbsp;&nbsp;&nbsp; Other charges | (7) | (18845) | (17751) | (90059) | (2427) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (22329) | 2568119 | 20820 | (1452755) | (56072) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (11998) | 4217135 | 376780 | 1676094 | 4658 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 128489 | 7540548 | 4031179 | 21468835 | 502265 |
| &nbsp;&nbsp;&nbsp; End of period | $116491 | $11757683 | $4407959 | $23144929 | $506923 |
| &nbsp;&nbsp;&nbsp; Beginning units | 7551 | 506581 | 209232 | 983079 | 26497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 228 | 322275 | 22136 | 145097 | 5138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1532) | (167664) | (21565) | (212073) | (7906) |
| &nbsp;&nbsp;&nbsp; Ending units | 6247 | 661192 | 209803 | 916103 | 23729 |

---

**The accompanying notes are an integral part of these financial statements.**

A68

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(58906) | $(14800) | $(3886) | $917556 | $440163 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 2222128 |  | 214080 |  | 2268678 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (240627) | (204607) | 2743 | (131098) | (99405) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (1628562) | 551890 | (111310) | 799999 | 180552 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 294033 | 332483 | 101627 | 1586457 | 2789988 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1707459 | 238755 | 91906 | 3351238 | 2867774 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (14714) |  |  | (22849) |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1416449) | (505957) | (100030) | (3835483) | (2509398) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 646754 | (56138) | 58762 | 3071375 | 2422110 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (175) | (654) | (491) | (12026) | 5421 |
| &nbsp;&nbsp;&nbsp; Other charges | (47125) | (12031) | (4317) | (67084) | (37132) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 875750 | (336025) | 45830 | 2485171 | 2748775 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1169783 | (3542) | 147457 | 4071628 | 5538763 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 9905115 | 2906234 | 782233 | 24328462 | 27186907 |
| &nbsp;&nbsp;&nbsp; End of period | $11074898 | $2902692 | $929690 | $28400090 | $32725670 |
| &nbsp;&nbsp;&nbsp; Beginning units | 609737 | 205057 | 41486 | 2527970 | 1946864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 165082 | 27055 | 8096 | 1075871 | 641945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (112047) | (49173) | (5506) | (813005) | (450474) |
| &nbsp;&nbsp;&nbsp; Ending units | 662772 | 182939 | 44076 | 2790836 | 2138335 |

---

**The accompanying notes are an integral part of these financial statements.**

A69

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Utilities Series (Service Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $172381 | $(88739) | $458087 | $96965 | $448520 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 107186 | 3018078 | 2474784 | 873198 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 47254 | 450467 | 237485 | 285685 | (85806) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 699063 | 117408 | 1789718 | 747858 | 357922 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1025884 | 3497214 | 4960074 | 2003706 | 720636 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 960637 | 2916185 | 3829953 | 1867299 | 1521781 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (56670) |  | (22590) | (41582) | (34660) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1024456) | (1611415) | (2465029) | (1381641) | (1149213) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 682927 | 4000297 | 363882 | 418916 | 1747636 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 3611 | (1290) | (3101) | 4421 | 686 |
| &nbsp;&nbsp;&nbsp; Other charges | (35888) | (67114) | (165225) | (54334) | (54572) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 530161 | 5236663 | 1537890 | 813079 | 2031658 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1556045 | 8733877 | 6497964 | 2816785 | 2752294 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 6837518 | 11601625 | 32584012 | 11515167 | 10474190 |
| &nbsp;&nbsp;&nbsp; End of period | $8393563 | $20335502 | $39081976 | $14331952 | $13226484 |
| &nbsp;&nbsp;&nbsp; Beginning units | 462296 | 647713 | 2336324 | 653546 | 1151988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 123054 | 468772 | 477191 | 165401 | 372863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (88041) | (174626) | (376287) | (119029) | (156869) |
| &nbsp;&nbsp;&nbsp; Ending units | 497309 | 941859 | 2437228 | 699918 | 1367982 |

---

**The accompanying notes are an integral part of these financial statements.**

A70

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $64245 | $(7935) | $(152345) | $28272 | $30828 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 302599 | 55079 | 2829553 | 2305606 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 99822 | (75207) | 1017121 | 193496 | 21940 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 1317422 | 370817 | 3203956 | (314541) | 781723 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1784088 | 342754 | 6898285 | 2212833 | 834491 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1017856 | 184536 | 7450476 | 2908614 | 735857 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (14999) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (600142) | (155674) | (3598913) | (1859935) | (305843) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 831006 | 419724 | 3420005 | 699748 | 719025 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1773 | 316 | 12005 | 529 | (63) |
| &nbsp;&nbsp;&nbsp; Other charges | (36581) | (11269) | (154415) | (58527) | (14813) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 1198913 | 437633 | 7129158 | 1690429 | 1134163 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 2983001 | 780387 | 14027443 | 3903262 | 1968654 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 6857662 | 2220929 | 30230750 | 10787188 | 2652802 |
| &nbsp;&nbsp;&nbsp; End of period | $9840663 | $3001316 | $44258193 | $14690450 | $4621456 |
| &nbsp;&nbsp;&nbsp; Beginning units | 477205 | 205916 | 1635733 | 619691 | 244648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 147217 | 64080 | 668715 | 244398 | 128495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (71295) | (25292) | (296566) | (143370) | (34245) |
| &nbsp;&nbsp;&nbsp; Ending units | 553127 | 244704 | 2007882 | 720719 | 338898 |

---

**The accompanying notes are an integral part of these financial statements.**

A71

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® New World Fund (Class 4)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $16774 | $(17271) | $25462 | $35850 | $(25273) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 166564 | 731396 | 408101 | 331875 | 630233 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 23553 | 67332 | (117105) | 13121 | (111216) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 767956 | 296724 | 240787 | 168930 | 4810 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 974847 | 1078181 | 557245 | 549776 | 498554 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 375699 | 1032437 | 723077 | 340414 | 947764 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (365246) | (634645) | (426805) | (407021) | (367448) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 265843 | (35264) | (710208) | 583228 | 62509 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1609 | 1567 | 1536 | (227) | (956) |
| &nbsp;&nbsp;&nbsp; Other charges | (17127) | (25300) | (18259) | (9494) | (20535) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 260778 | 338795 | (430659) | 506900 | 621334 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1235625 | 1416976 | 126586 | 1056676 | 1119888 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 3306011 | 5669439 | 4461701 | 1922320 | 4337454 |
| &nbsp;&nbsp;&nbsp; End of period | $4541636 | $7086415 | $4588287 | $2978996 | $5457342 |
| &nbsp;&nbsp;&nbsp; Beginning units | 283245 | 322853 | 265689 | 116016 | 259113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 78329 | 103001 | 78891 | 61274 | 68067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (55819) | (86847) | (111650) | (31643) | (34014) |
| &nbsp;&nbsp;&nbsp; Ending units | 305755 | 339007 | 232930 | 145647 | 293166 |

---

**The accompanying notes are an integral part of these financial statements.**

A72

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $82174 | $(40602) | $357356 | $(106531) | $(32951) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 517296 | 1268744 | 1737022 | 278834 | 615717 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 9230 | 304051 | 314904 | 1592507 | 3181 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 398217 | (836290) | 2056883 | 2047670 | 683063 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1006917 | 695903 | 4466165 | 3812480 | 1269010 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 713919 | 1219385 | 2848736 | 3513068 | 332157 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  | (69630) | (93169) |  | (19524) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (484656) | (1149005) | (3645176) | (2391312) | (897448) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 544420 | (289953) | (89922) | (1729169) | 163277 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (862) | (603) | (3083) | (1000) | 45 |
| &nbsp;&nbsp;&nbsp; Other charges | (23542) | (30024) | (150497) | (85373) | (39856) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 749279 | (319830) | (1133111) | (693786) | (461349) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1756196 | 376073 | 3333054 | 3118694 | 807661 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 4373661 | 7423349 | 32780163 | 19169334 | 9005230 |
| &nbsp;&nbsp;&nbsp; End of period | $6129857 | $7799422 | $36113217 | $22288028 | $9812891 |
| &nbsp;&nbsp;&nbsp; Beginning units | 279747 | 456833 | 2217552 | 1141080 | 795054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 91644 | 87306 | 303241 | 395367 | 117025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (46342) | (111409) | (384127) | (440203) | (148817) |
| &nbsp;&nbsp;&nbsp; Ending units | 325049 | 432730 | 2136666 | 1096244 | 763262 |

---

**The accompanying notes are an integral part of these financial statements.**

A73

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2032** | **PSF Global Portfolio (Class III)** | **PSF Mid-Cap Growth Portfolio (Class III)** | **PSF Natural Resources Portfolio (Class III)** | **PSF PGIM 50/50 Balanced Portfolio (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**4/11/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(590377) | $(7992) | $(3617) | $(25755) | $(39768) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (869701) | 100144 | (83280) | 337255 | 218260 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 3396171 | 207656 | (269758) | (1216349) | 605158 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1936093 | 299808 | (356655) | (904849) | 783650 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 359838 | 240606 | 160197 | 1457588 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  | (21917) |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (4770043) | (360353) | (594023) | (1513776) | (754839) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 346709 | 116636 | (1426075) | (14213850) | 239007 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (184) | (241) | 90 | (793) | 1700 |
| &nbsp;&nbsp;&nbsp; Other charges | (18102) | (6424) | (2817) | (19291) | (35390) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (4441620) | 109456 | (1782219) | (15609430) | 908066 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (2505527) | 409264 | (2138874) | (16514279) | 1691716 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 31617603 | 1200054 | 2138874 | 16514279 | 6817128 |
| &nbsp;&nbsp;&nbsp; End of period | $29112076 | $1609318 | $— | $— | $8508844 |
| &nbsp;&nbsp;&nbsp; Beginning units | 4328280 | 103284 | 207533 | 1183315 | 584139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 523831 | 43472 | 120078 | 49028 | 173788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1116695) | (32297) | (327611) | (1232343) | (102066) |
| &nbsp;&nbsp;&nbsp; Ending units | 3735416 | 114459 |  |  | 655861 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A74

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Flexible Managed Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class III)** | **PSF PGIM High Yield Bond Portfolio (Class III)** | **PSF PGIM Jennison Blend Portfolio (Class III)** | **PSF PGIM Jennison Growth Portfolio (Class III)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/25/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(960438) | $(4208) | $(65127) | $(84404) | $(79499) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 12257313 | 106726 | 315351 | 532653 | 962602 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 6608466 | (38982) | 703122 | 4186479 | 1510940 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 17905341 | 63536 | 953346 | 4634728 | 2394043 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2188488 | 609149 | 1894349 | 1158961 | 2188499 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (38210054) | (72916) | (2310499) | (2021248) | (2094455) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (6126976) | (2667972) | 772733 | 13921095 | 1887548 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 7231 | (10) | (308) | (450) | 388 |
| &nbsp;&nbsp;&nbsp; Other charges | (703664) | (3467) | (53583) | (63905) | (64322) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (42844975) | (2135216) | 302692 | 12994453 | 1917658 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (24939634) | (2071680) | 1256038 | 17629181 | 4311701 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 177202144 | 2071680 | 11300831 | 2741689 | 12642244 |
| &nbsp;&nbsp;&nbsp; End of period | $152262510 | $— | $12556869 | $20370870 | $16953945 |
| &nbsp;&nbsp;&nbsp; Beginning units | 14450851 | 234293 | 1037569 | 201633 | 933352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 175509 | 111458 | 260467 | 1267815 | 431920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3560246) | (345751) | (231751) | (195474) | (261244) |
| &nbsp;&nbsp;&nbsp; Ending units | 11066114 |  | 1066285 | 1273974 | 1104028 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A75

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class III)** | **PSF PGIM Total Return Bond Portfolio (Class III)** | **PSF Small-Cap Stock Index Portfolio (Class III)** | **PSF Stock Index Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**4/25/2025\*\*** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(29783) | $(101681) | $(56157) | $(283545) | $(609) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 176824 | 171529 | 74600 | 1327633 | 14803 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 743751 | 1154481 | 550505 | 7334056 | (441) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 890792 | 1224329 | 568948 | 8378144 | 13753 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1094722 | 3746141 | 1965804 | 8697025 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  | (98965) |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (560750) | (2211680) | (1031364) | (3911931) | (1220) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 792749 | 4624110 | 547415 | 2767313 | (488898) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 2525 | 1126 | 498 | (1593) | (3) |
| &nbsp;&nbsp;&nbsp; Other charges | (24969) | (87573) | (46944) | (228428) | (79) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 1304277 | 6072124 | 1435409 | 7223421 | (490200) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 2195069 | 7296453 | 2004357 | 15601565 | (476447) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 4463928 | 14348204 | 10186543 | 46545451 | 476447 |
| &nbsp;&nbsp;&nbsp; End of period | $6658997 | $21644657 | $12190900 | $62147016 | $— |
| &nbsp;&nbsp;&nbsp; Beginning units | 321477 | 1539366 | 955991 | 3254019 | 52237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 150665 | 1079394 | 311655 | 871716 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (58667) | (446959) | (176619) | (400604) | (52638) |
| &nbsp;&nbsp;&nbsp; Ending units | 413475 | 2171801 | 1091027 | 3725131 |  |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A76

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP High Income Portfolio (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **Vanguard VIF Capital Growth Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $21324 | $7036 | $7994 | $18864 | $3513 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 246904 | 4389 | 113265 | 38446 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 7082 | (3910) | 584 | 14478 | 36094 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 10805 | (176109) | 37333 | 44821 | 91580 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 39211 | 73921 | 50300 | 191428 | 169633 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 4192 |  | 1615 | 3061 | 8408 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (181851) | (113871) | (178496) | (233035) | (163379) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (8819) | (13281) | (120936) | 48636 | (22357) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (19) |  | 30 |  | 143 |
| &nbsp;&nbsp;&nbsp; Other charges | (718) | (9) | (268) | (2055) | (760) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (187215) | (127161) | (298055) | (183393) | (177945) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (148004) | (53240) | (247755) | 8035 | (8312) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 506835 | 667947 | 592008 | 1578255 | 652230 |
| &nbsp;&nbsp;&nbsp; End of period | $358831 | $614707 | $344253 | $1586290 | $643918 |
| &nbsp;&nbsp;&nbsp; Beginning units | 45376 | 40893 | 48688 | 110574 | 39707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1365 | 694 | 591 | 7081 | 18387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (17581) | (8313) | (24555) | (18978) | (27473) |
| &nbsp;&nbsp;&nbsp; Ending units | 29160 | 33274 | 24724 | 98677 | 30621 |

---

**The accompanying notes are an integral part of these financial statements.**

A77

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF International Portfolio** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $17478 | $14995 | $3732 | $64635 | $3279 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 164830 | 63666 | 125883 |  | 336998 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 28660 | 1033 | (14667) | (186) | 68529 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 39105 | 33882 | 264292 | 5133 | 100012 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 250073 | 113576 | 379240 | 69582 | 508818 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 455 |  | 6602 | 120 | 69469 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (345820) | (93437) | (379584) | (579948) | (465498) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (232984) | 74522 | (6472) | (149753) | (3473) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (3) | 43 | 105 | 1 | (57) |
| &nbsp;&nbsp;&nbsp; Other charges | (1614) | (1646) | (2340) | (4077) | (2594) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (579966) | (20518) | (381689) | (733657) | (402153) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (329893) | 93058 | (2449) | (664075) | 106665 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2059457 | 714104 | 2087907 | 2527247 | 2793699 |
| &nbsp;&nbsp;&nbsp; End of period | $1729564 | $807162 | $2085458 | $1863172 | $2900364 |
| &nbsp;&nbsp;&nbsp; Beginning units | 121722 | 46740 | 164429 | 235297 | 153516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 7162 | 7448 | 8389 | 6546 | 11420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (40749) | (8673) | (35082) | (74117) | (31689) |
| &nbsp;&nbsp;&nbsp; Ending units | 88135 | 45515 | 137736 | 167726 | 133247 |

---

**The accompanying notes are an integral part of these financial statements.**

A78

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Value Portfolio** | **ClearBridge Variable Appreciation Portfolio (Class I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4906) | $18437 | $19800 | $65481 | $(300) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 189617 | 9810 | 29598 | 57340 | 21619 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 112761 | 2099 | 17687 | 76047 | 30229 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (165000) | 100210 | 129104 | 447729 | (21438) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 132472 | 130556 | 196189 | 646597 | 30110 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  | 2287 | 33953 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (18893) | (1375) | (189813) | (459679) | (218391) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (284981) | (779) | 212844 | 377749 | (5658) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1 |  | 13 | (37) | 115 |
| &nbsp;&nbsp;&nbsp; Other charges | (549) | (2737) | (1216) | (1479) | (144) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (304422) | (4891) | 24115 | (49493) | (224078) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (171950) | 125665 | 220304 | 597104 | (193968) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1384772 | 949514 | 577790 | 1426220 | 339172 |
| &nbsp;&nbsp;&nbsp; End of period | $1212822 | $1075179 | $798094 | $2023324 | $145204 |
| &nbsp;&nbsp;&nbsp; Beginning units | 73223 | 68040 | 47299 | 100316 | 19439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 2097 | 397 | 17019 | 33985 | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (17613) | (730) | (16464) | (36053) | (12661) |
| &nbsp;&nbsp;&nbsp; Ending units | 57707 | 67707 | 47854 | 98248 | 7303 |

---

**The accompanying notes are an integral part of these financial statements.**

A79

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **MFS® Technology Portfolio (Initial Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $23401 | $(1294) | $691 | $1916 | $(2249) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 186319 | 20129 | 2708 | 15529 | 66900 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (4577) | 21322 | 192 | 773 | 49774 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (42878) | (18140) | (106) | 2847 | (31160) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 162265 | 22017 | 3485 | 21065 | 83265 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  | 55793 | 1900 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (222345) | (86598) |  | (6454) | (163501) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (9673) | 2356 | (2341) | (67011) | (11972) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | 57 |  | (37) | 99 |
| &nbsp;&nbsp;&nbsp; Other charges | (1520) | (584) | (13) | (386) | (663) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (233538) | (84769) | (2354) | (18095) | (174137) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (71273) | (62752) | 1131 | 2970 | (90872) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1458374 | 345074 | 30648 | 151503 | 648764 |
| &nbsp;&nbsp;&nbsp; End of period | $1387101 | $282322 | $31779 | $154473 | $557892 |
| &nbsp;&nbsp;&nbsp; Beginning units | 90269 | 18735 | 2320 | 9670 | 32040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1653 | 987 |  | 4692 | 1118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (15360) | (5553) | (178) | (5863) | (9441) |
| &nbsp;&nbsp;&nbsp; Ending units | 76562 | 14169 | 2142 | 8499 | 23717 |

---

**The accompanying notes are an integral part of these financial statements.**

A80

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **AST Bond Portfolio 2033** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I)** | **AST Bond Portfolio 2034** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $28706 | $9830255 | $(1705) | $358 | $(60251) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 1839279 |  |  | 2496 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 52392 |  | 82 | 3595 | (166286) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 609943 |  | 7496 | (3376) | 120082 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 2530320 | 9830255 | 5873 | 3073 | (106455) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2882012 | 304125636 |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1247138) | (256281512) |  | (1382) | (527346) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 40037 | 9537049 |  | (34808) | 3414446 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (15556) | 34001 |  |  | 41 |
| &nbsp;&nbsp;&nbsp; Other charges |  | (795249) | (43) | (109) | (3773) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 1659355 | 56619925 | (43) | (36299) | 2883368 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 4189675 | 66450180 | 5830 | (33226) | 2776913 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 20513687 | 290659277 | 85577 | 55994 | 1140857 |
| &nbsp;&nbsp;&nbsp; End of period | $24703362 | $357109457 | $91407 | $22768 | $3917770 |
| &nbsp;&nbsp;&nbsp; Beginning units | 1210740 | 26747690 | 11096 | 3818 | 117479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 720076 | 36762849 |  | 380 | 1767335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (620955) | (31616952) | (6) | (2843) | (1505339) |
| &nbsp;&nbsp;&nbsp; Ending units | 1309861 | 31893587 | 11090 | 1355 | 379475 |

---

**The accompanying notes are an integral part of these financial statements.**

A81

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | |
|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/2/2025\***<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(12243) | $(1959) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (69386) | 86 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 19753 | 2342 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | (61876) | 469 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (52002) |  |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 1025029 | 543137 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1 |  |
| &nbsp;&nbsp;&nbsp; Other charges | (64) |  |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 972964 | 543137 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 911088 | 543606 |
| **NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 158596 |  |
| &nbsp;&nbsp;&nbsp; End of period | $1069684 | $543606 |
| &nbsp;&nbsp;&nbsp; Beginning units | 16625 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 380201 | 53421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (292358) | (2063) |
| &nbsp;&nbsp;&nbsp; Ending units | 104468 | 51358 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A82

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $2053197 | $(1087132) | $(2406816) | $(98620) | $(90925) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed |  | 2214324 | 21059265 | 802396 | 819686 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments |  | 355617 | 17833483 | 230785 | 42332 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 2053197 | 1482809 | 36485932 | 934561 | 771093 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2462018 | 1692724 | 233904 |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments | (950006) | (478957) | (1636223) | (72030) | (6336) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (15180706) | (12841308) | (25185612) | (1150835) | (1528849) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 9147055 | 2780835 | (3938925) | (1751) | 90126 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 750482 | (881) | (6403) | (598) | (368) |
| &nbsp;&nbsp;&nbsp; Other charges | (70134) | (17664) | (87876) | (181) | (443) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (3841291) | (8865251) | (30621135) | (1225395) | (1445870) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1788094) | (7382442) | 5864797 | (290834) | (674777) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 59366394 | 87009162 | 158933990 | 7208432 | 7167671 |
| &nbsp;&nbsp;&nbsp; End of period | $57578300 | $79626720 | $164798787 | $6917598 | $6492894 |
| &nbsp;&nbsp;&nbsp; Beginning units | 46019971 | 26325198 | 24768730 | 1557198 | 1689722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 12601025 | 654289 | 71305 | 3254 | 21041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (14176110) | (3738524) | (4185036) | (249607) | (313244) |
| &nbsp;&nbsp;&nbsp; Ending units | 44444886 | 23240963 | 20654999 | 1310845 | 1397519 |

---

**The accompanying notes are an integral part of these financial statements.**

A83

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF Natural Resources Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Global Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2239791) | $(1119288) | $(32498) | $(4733185) | $(577623) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 19124639 | 3066090 | 347013 | 47504845 | 4147314 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 9088907 | 3169165 | (215711) | 39020626 | 1518103 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 25973755 | 5115967 | 98804 | 81792286 | 5087794 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 118311 | 519184 | 286982 | 1395539 | 465526 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (1066897) | (464604) |  | (1842040) | (154357) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (23926506) | (11810985) | (1019963) | (54803774) | (5300469) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (606610) | 960816 | 226562 | (16899069) | 105625 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (30749) | (797) | (75) | (4718) | 156 |
| &nbsp;&nbsp;&nbsp; Other charges | (173525) | (96191) | (1118) | (705543) | (40925) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (25685976) | (10892577) | (507612) | (72859605) | (4924444) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 287779 | (5776610) | (408808) | 8932681 | 163350 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 144222887 | 78062779 | 3204378 | 380093401 | 38424897 |
| &nbsp;&nbsp;&nbsp; End of period | $144510666 | $72286169 | $2795570 | $389026082 | $38588247 |
| &nbsp;&nbsp;&nbsp; Beginning units | 28938103 | 13048077 | 338649 | 42194030 | 8912163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 420129 | 221345 | 31834 | 457192 | 145143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (5010214) | (1894548) | (82445) | (7586857) | (1305987) |
| &nbsp;&nbsp;&nbsp; Ending units | 24348018 | 11374874 | 288038 | 35064365 | 7751319 |

---

**The accompanying notes are an integral part of these financial statements.**

A84

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **Invesco V.I. Core Equity Fund (Series I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4121857) | $(1397760) | $(55315) | $156379 | $(354677) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 262628 | 2366334 | 3958901 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 47160800 | 6558586 | 174507 | 1441538 | 1412204 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 28918601 | 1839016 | (143182) | (94125) | 5392626 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 71957544 | 6999842 | 238638 | 3870126 | 10409054 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 866258 | 378762 | 9042 | 41242 | 54525 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (2598196) | (175057) | (139835) | (304670) | (495666) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (42220186) | (15440009) | (1040311) | (5678026) | (6875696) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (6257987) | (641042) | 122782 | (314847) | (753015) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (27001) | (11089) | 358 | (3317) | (282) |
| &nbsp;&nbsp;&nbsp; Other charges | (180084) | (194962) | (1785) | (4206) | (6210) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (50417196) | (16083397) | (1049749) | (6263824) | (8076344) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 21540348 | (9083555) | (811111) | (2393698) | 2332710 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 267523975 | 109419108 | 11249781 | 38720036 | 46865994 |
| &nbsp;&nbsp;&nbsp; End of period | $289064323 | $100335553 | $10438670 | $36326338 | $49198704 |
| &nbsp;&nbsp;&nbsp; Beginning units | 29978499 | 10630155 | 4959149 | 6798244 | 10151656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 282105 | 337034 | 186233 | 72027 | 42281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (5185473) | (1859251) | (613710) | (1086180) | (1664220) |
| &nbsp;&nbsp;&nbsp; Ending units | 25075131 | 9107938 | 4531672 | 5784091 | 8529717 |

---

**The accompanying notes are an integral part of these financial statements.**

A85

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **MFS® Research Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **LVIP American Century Value Fund (Standard Class II)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(702030) | $(24690) | $(101448) | $(891247) | $220461 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 1462336 |  | 782100 | 4883768 | 895088 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 4063448 | 1460887 | 567014 | 3798795 | 755466 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 9766517 | 387895 | 900277 | 8586321 | (688540) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 14590271 | 1824092 | 2147943 | 16377637 | 1182475 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 31514 | 37807 | 10880 | 184182 | 33869 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (546367) | (240018) | (169020) | (295165) | (92566) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (7073108) | (4226949) | (1634213) | (7837133) | (2455197) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (948702) | 294062 | (9999) | (830835) | 5377 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (6758) | (932) | (2486) | (7658) | (77) |
| &nbsp;&nbsp;&nbsp; Other charges | (5864) | (4415) | (1847) | (6734) | (2456) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (8549285) | (4140445) | (1806685) | (8793343) | (2511050) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 6040986 | (2316353) | 341258 | 7584294 | (1328575) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 46056306 | 38877479 | 13018229 | 57737731 | 15879211 |
| &nbsp;&nbsp;&nbsp; End of period | $52097292 | $36561126 | $13359487 | $65322025 | $14550636 |
| &nbsp;&nbsp;&nbsp; Beginning units | 7289454 | 8215095 | 2137886 | 7578759 | 2782980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 90253 | 112537 | 12964 | 67754 | 87022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1196620) | (947748) | (285370) | (1026636) | (505780) |
| &nbsp;&nbsp;&nbsp; Ending units | 6183087 | 7379884 | 1865480 | 6619877 | 2364222 |

---

**The accompanying notes are an integral part of these financial statements.**

A86

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Davis Equity Portfolio** | **AB VPS Large Cap Growth Portfolio (Class B)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **PSF Mid-Cap Growth Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(236957) | $(60573) | $(117271) | $(146471) | $(1097767) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 3116924 | 375693 | 268189 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (604272) | (464430) | 303890 | 754681 | 10834103 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 2386577 | (99452) | 1165493 | 1613350 | (1645567) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1545348 | 2492469 | 1727805 | 2489749 | 8090769 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 16619 | 1950 |  | 1176 | 1175859 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (128519) | (197727) | (7192) | (1492) | (245353) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2080292) | (2194289) | (632142) | (1269012) | (11831226) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (786029) | (419622) | (166046) | (256721) | (972362) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (3447) | (3234) | (3372) | (92) | (26918) |
| &nbsp;&nbsp;&nbsp; Other charges | (2229) | (2563) | (802) | (21999) | (149874) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2983897) | (2815485) | (809554) | (1548140) | (12049874) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1438549) | (323016) | 918251 | 941609 | (3959105) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 17686237 | 15723201 | 7794830 | 8094380 | 71181079 |
| &nbsp;&nbsp;&nbsp; End of period | $16247688 | $15400185 | $8713081 | $9035989 | $67221974 |
| &nbsp;&nbsp;&nbsp; Beginning units | 3372214 | 5089869 | 2490997 | 2071048 | 12353606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 19971 | 41667 | 75408 | 37292 | 333359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (581862) | (848281) | (306577) | (338667) | (2380121) |
| &nbsp;&nbsp;&nbsp; Ending units | 2810323 | 4283255 | 2259828 | 1769673 | 10306844 |

---

**The accompanying notes are an integral part of these financial statements.**

A87

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** | **AST Large-Cap Value Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2345046) | $(44270004) | $(1576487) | $(12937959) | $(1810327) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 12595330 | 73496723 | 5508879 | 58822140 | 8428979 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 836826 | 112489389 | 4708633 | 37115586 | (2976662) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 11087110 | 141716108 | 8641025 | 82999767 | 3641990 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 839260 | 1731240 | 476742 | 3129147 | 221974 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (155499) | (2166842) | (474254) | (608658) | (76218) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (28817169) | (450764969) | (22804306) | (145511952) | (15415258) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (11211594) | 39161277 | 1643702 | 269281056 | 152640 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (3106) | 1372 | 2245 | (14945) | (1474) |
| &nbsp;&nbsp;&nbsp; Other charges | (1754191) | (39615761) | (1034178) | (9951586) | (1307251) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (41102299) | (451653683) | (22190049) | 116323062 | (16425587) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (30015189) | (309937575) | (13549024) | 199322829 | (12783597) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 202271400 | 3208395027 | 145894506 | 1114584440 | 125341925 |
| &nbsp;&nbsp;&nbsp; End of period | $172256211 | $2898457452 | $132345482 | $1313907269 | $112558328 |
| &nbsp;&nbsp;&nbsp; Beginning units | 8188376 | 208856848 | 9180624 | 37293185 | 9758084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 622065 | 16734606 | 735811 | 10668072 | 1689870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (2137662) | (45283324) | (2045974) | (7076335) | (2889425) |
| &nbsp;&nbsp;&nbsp; Ending units | 6672779 | 180308130 | 7870461 | 40884922 | 8558529 |

---

**The accompanying notes are an integral part of these financial statements.**

A88

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST MFS Global Equity Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(3522282) | $(121681288) | $(22673575) | $(125931971) | $(34216028) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 20736802 | 591843410 | 69416468 | 455236711 | 116491303 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (4523345) | 537638923 | 39026476 | 149658413 | 59564680 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 12691175 | 1007801045 | 85769369 | 478963153 | 141839955 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 796988 | 3955270 | 1093490 | 11547701 | 1548244 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (149072) | (3132069) | (1132416) | (5806349) | (2838528) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (42609736) | (1225587551) | (176139573) | (1262769640) | (428117804) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (2920422) | 87960302 | (8137016) | 10179320481 | 99619985 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (9120) | 3864 | 11067 | 70721 | (15965) |
| &nbsp;&nbsp;&nbsp; Other charges | (2674463) | (95088879) | (16365184) | (103765425) | (27142656) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (47565825) | (1231889063) | (200669632) | 8818597489 | (356946724) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (34874650) | (224088018) | (114900263) | 9297560642 | (215106769) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 305104073 | 8316591682 | 1509835961 | 8335288811 | 2427735115 |
| &nbsp;&nbsp;&nbsp; End of period | $270229423 | $8092503664 | $1394935698 | $17632849453 | $2212628346 |
| &nbsp;&nbsp;&nbsp; Beginning units | 11862912 | 364807745 | 102039516 | 418426774 | 155960625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 524720 | 14863191 | 11860333 | 457748249 | 15126332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (2253115) | (64295157) | (25039519) | (77198027) | (37233055) |
| &nbsp;&nbsp;&nbsp; Ending units | 10134517 | 315375779 | 88860330 | 798976996 | 133853902 |

---

**The accompanying notes are an integral part of these financial statements.**

A89

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Small-Cap Equity Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(147147307) | $(62047466) | $(21584342) | $11479292 | $(4493785) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 570626165 | 314644241 | 197500037 |  | 22390741 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 769125921 | 148881988 | 243093359 |  | 10064779 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1192604779 | 401478763 | 419009054 | 11479292 | 27961735 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 3298960 | 1392766 | 6680231 | 4986312 | 2219183 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (4582938) | (3300530) | (1872404) | (584783) | (479872) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1482323129) | (683478282) | (247100708) | (1150830295) | (51290303) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 134601551 | (39516082) | 290645860 | 1096807906 | 289264241 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 100486 | 19958 | (45292) | (86680) | 5036 |
| &nbsp;&nbsp;&nbsp; Other charges | (133728681) | (52193888) | (14773602) | (1795734) | (3235864) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1482633751) | (777076058) | 33534085 | (51503274) | 236482421 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (290028972) | (375597295) | 452543139 | (40023982) | 264444156 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 10465506183 | 4494111014 | 1663455111 | 343812977 | 344016316 |
| &nbsp;&nbsp;&nbsp; End of period | $10175477211 | $4118513719 | $2115998250 | $303788995 | $608460472 |
| &nbsp;&nbsp;&nbsp; Beginning units | 526556651 | 214421471 | 36132840 | 35929863 | 10767305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 39465074 | 3660191 | 7990220 | 38167924 | 8901884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (108107402) | (38394474) | (8096572) | (43504673) | (2628143) |
| &nbsp;&nbsp;&nbsp; Ending units | 457914323 | 179687188 | 36026488 | 30593114 | 17041046 |

---

**The accompanying notes are an integral part of these financial statements.**

A90

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(5686805) | $(83887431) | $(28425444) | $(1811682) | $(24204555) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 22814541 | 361009327 | (4545444) | 4061561 | 102331962 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 3580550 | (208544449) | 36450707 | 2432328 | 58982134 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 20708286 | 68577447 | 3479819 | 4682207 | 137109541 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1595966 | 2643 | 4366431 | 664024 | 662123 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (315553) | (2488404) | (1446866) | (54687) | (704386) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (63587976) | (530739694) | (320282325) | (17779293) | (265988449) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (726462) | (1360386161) | 201162341 | (1142240) | (552256) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (17472) | (35341) | (16083) | (2268) | 9799 |
| &nbsp;&nbsp;&nbsp; Other charges | (4200590) | (93871871) | (22327298) | (1440950) | (21704685) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (67252087) | (1987518828) | (138543800) | (19755414) | (288277854) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (46543801) | (1918941381) | (135063981) | (15073207) | (151168313) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 485135008 | 7102109651 | 2269363297 | 143389182 | 1742988913 |
| &nbsp;&nbsp;&nbsp; End of period | $438591207 | $5183168270 | $2134299316 | $128315975 | $1591820600 |
| &nbsp;&nbsp;&nbsp; Beginning units | 26104795 | 523657098 | 186447686 | 15478624 | 92324100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1563469 | 363087990 | 18845804 | 2139296 | 3501402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (4975141) | (516498149) | (30041631) | (4186008) | (17940720) |
| &nbsp;&nbsp;&nbsp; Ending units | 22693123 | 370246939 | 175251859 | 13431912 | 77884782 |

---

**The accompanying notes are an integral part of these financial statements.**

A91

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Financials** | **ProFund VP Health Care** | **ProFund VP Industrials** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(5955) | $1040 | $(5337) | $(16429) | $(4216) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 50900 | 71806 | 40681 | 58602 | 49440 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 4858 | (11450) | 29974 | 1088 | 19927 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 66655 | (43320) | 39637 | (43436) | (11534) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 116458 | 18076 | 104955 | (175) | 53617 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (49029) | (5737) | (57647) | (86153) | (29321) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (21697) | 14876 | (57656) | (5257) | (42906) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  |  | 1 | (134) | 2 |
| &nbsp;&nbsp;&nbsp; Other charges | (3173) | (1461) | (4422) | (11392) | (3246) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (73899) | 7678 | (119724) | (102936) | (75471) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 42559 | 25754 | (14769) | (103111) | (21854) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 543638 | 173656 | 437134 | 1358036 | 405833 |
| &nbsp;&nbsp;&nbsp; End of period | $586197 | $199410 | $422365 | $1254925 | $383979 |
| &nbsp;&nbsp;&nbsp; Beginning units | 13561 | 7535 | 24383 | 36738 | 14347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1852 | 2100 | 2878 | 6133 | 1053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3648) | (1615) | (8787) | (8682) | (3335) |
| &nbsp;&nbsp;&nbsp; Ending units | 11765 | 8020 | 18474 | 34189 | 12065 |

---

**The accompanying notes are an integral part of these financial statements.**

A92

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Real Estate** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Value** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(8408) | $(4832) | $37 | $(6254) | $(2451) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 25774 | 20140 | 3859 | 20946 | 1383 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 5543 | 16440 | (2185) | (24616) | 22 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 67401 | 6976 | 1546 | 32936 | 9641 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 90310 | 38724 | 3257 | 23012 | 8595 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (403196) | (99646) | (4657) | (260280) | (25425) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 113573 | (46163) | 1392 | 31043 | (14712) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 1058 |  | (1) | 1025 |  |
| &nbsp;&nbsp;&nbsp; Other charges | (5729) | (3924) | (972) | (4014) | (2133) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (294294) | (149733) | (4238) | (232226) | (42270) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (203984) | (111009) | (981) | (209214) | (33675) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 802327 | 491882 | 118293 | 650197 | 245912 |
| &nbsp;&nbsp;&nbsp; End of period | $598343 | $380873 | $117312 | $440983 | $212237 |
| &nbsp;&nbsp;&nbsp; Beginning units | 28220 | 20184 | 7093 | 21122 | 9948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 6321 | 3876 | 1234 | 3066 | 2904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (15622) | (9093) | (1536) | (9888) | (4402) |
| &nbsp;&nbsp;&nbsp; Ending units | 18919 | 14967 | 6791 | 14300 | 8450 |

---

**The accompanying notes are an integral part of these financial statements.**

A93

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP Utilities** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(1167) | $1352 | $(10530) | $(9353) | $(6234) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 17453 | 90718 | 17748 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 4906 | 5781 | 33032 | 81136 | 4687 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 19227 | 58743 | 210268 | (82258) | 50814 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 22966 | 65876 | 250223 | 80243 | 67015 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (2472) | (15771) | (265212) | (169133) | (31874) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 14945 | (24720) | 174527 | (218714) | (13778) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  |  | (32) | 527 |  |
| &nbsp;&nbsp;&nbsp; Other charges | (334) | (3225) | (6232) | (7078) | (846) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 12139 | (43716) | (96949) | (394398) | (46498) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 35105 | 22160 | 153274 | (314155) | 20517 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 69991 | 322028 | 869219 | 1096207 | 357048 |
| &nbsp;&nbsp;&nbsp; End of period | $105096 | $344188 | $1022493 | $782052 | $377565 |
| &nbsp;&nbsp;&nbsp; Beginning units | 4968 | 16839 | 22368 | 42411 | 50463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1824 | 5001 | 7706 | 7437 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1083) | (7145) | (10348) | (18941) | (5831) |
| &nbsp;&nbsp;&nbsp; Ending units | 5709 | 14695 | 19726 | 30907 | 44632 |

---

**The accompanying notes are an integral part of these financial statements.**

A94

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Allspring VT Opportunity Fund (Class 1)** | **AST ClearBridge Dividend Growth Portfolio** | **AST Multi-Sector Fixed Income Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2252) | $(6084548) | $(7926) | $(2334241) | $(181766032) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 59485 |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (3171) | 126066275 | 10916 | 13852298 | 207109478 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 25611 | (23834836) | 10713 | 15085682 | (185260835) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 20188 | 96146891 | 73188 | 26603739 | (159917389) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 6391596 |  | 863650 | 182 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  | (193785) |  | (32117) | (2152178) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (39588) | (313737647) | (31481) | (23063372) | (1175529138) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (8) | (16512180) | (36895) | (1858431) | 25139 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | 35186 |  | 2187 | 2429 |
| &nbsp;&nbsp;&nbsp; Other charges | (194) | (2577577) | (1442) | (1661406) | (1377755) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (39790) | (326594407) | (69818) | (25749489) | (1179031321) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (19602) | (230447516) | 3370 | 854250 | (1338948710) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 150726 | 814156103 | 558980 | 182015614 | 10102353436 |
| &nbsp;&nbsp;&nbsp; End of period | $131124 | $583708587 | $562350 | $182869864 | $8763404726 |
| &nbsp;&nbsp;&nbsp; Beginning units | 5044 | 47966857 | 15306 | 7195658 | 925435303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued |  | 863199 |  | 557967 | 3613508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1268) | (18463779) | (1760) | (1444414) | (112488266) |
| &nbsp;&nbsp;&nbsp; Ending units | 3776 | 30366277 | 13546 | 6309211 | 816560545 |

---

**The accompanying notes are an integral part of these financial statements.**

A95

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST Bond Portfolio 2026** | **AST Global Bond Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(3020655) | $(248934) | $(36630139) | $(81075) | $(1567808) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 14996478 | 173932 | 146939713 | 111706 | (562471) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 40247151 | 489351 | 144965908 | 38559 | 4647277 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 52222974 | 414349 | 255275482 | 69190 | 2516998 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 3163040 |  | 368288 |  | 1008518 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (72514) |  | (751141) |  | (135270) |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (44784428) | (1911856) | (362731992) | (314697) | (22847991) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 6335818 | 18060972 | 171577351 | 1546 | 13790908 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 44110 | (224) | 33438 | (274) | (1474) |
| &nbsp;&nbsp;&nbsp; Other charges | (2047930) | (2390) | (38547800) | (3263) | (1338284) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (37361904) | 16146502 | (230051856) | (316688) | (9523593) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 14861070 | 16560851 | 25223626 | (247498) | (7006595) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 240855879 | 2662975 | 2498225656 | 4149309 | 152036804 |
| &nbsp;&nbsp;&nbsp; End of period | $255716949 | $19223826 | $2523449282 | $3901811 | $145030209 |
| &nbsp;&nbsp;&nbsp; Beginning units | 9997105 | 239164 | 142216228 | 430897 | 15832254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 967338 | 2119460 | 30350350 | 495789 | 2038041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (2281688) | (689383) | (42992651) | (528850) | (2934270) |
| &nbsp;&nbsp;&nbsp; Ending units | 8682755 | 1669241 | 129573927 | 397836 | 14936025 |

---

**The accompanying notes are an integral part of these financial statements.**

A96

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Global Allocation V.I. Fund (Class III)** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $361042 | $(127276) | $(9569) | $(360564) | $(37022) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 3483191 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (224042) | (51845) | (35596) | (457161) | 23109 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 186142 | 275270 | 172918 | 926022 | 4824 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 3806333 | 96149 | 127753 | 108297 | (9089) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 706795 |  | 138 |  |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  | (1111) |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (7028333) | (521145) | (604637) | (5707941) | (1197) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (1171646) | (1286431) | 96881 | (735972) | (506589) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (1553) | 314 | (56) | 301 | 8 |
| &nbsp;&nbsp;&nbsp; Other charges | (231532) | (3340) | (9746) | (6963) | (369) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (7726269) | (1810602) | (518531) | (6450575) | (508147) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (3919936) | (1714453) | (390778) | (6342278) | (517236) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 47721807 | 6716396 | 2916091 | 20405152 | 1989955 |
| &nbsp;&nbsp;&nbsp; End of period | $43801871 | $5001943 | $2525313 | $14062874 | $1472719 |
| &nbsp;&nbsp;&nbsp; Beginning units | 3425908 | 712208 | 291275 | 2112134 | 206675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 59367 | 131005 | 24293 | 41155 | 35031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (557737) | (326225) | (73580) | (706655) | (87462) |
| &nbsp;&nbsp;&nbsp; Ending units | 2927538 | 516988 | 241988 | 1446634 | 154244 |

---

**The accompanying notes are an integral part of these financial statements.**

A97

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(272205) | $(720833) | $(4792) | $(8249) | $(7553) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 253303 |  | 420027 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (164904) | (1343993) | 55042 | 48342 | 135440 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 300574 | 1418162 | 241255 | 649169 | (67953) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | (136535) | (646664) | 544808 | 689262 | 479961 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |  | 328085 | 161954 | 100091 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1567478) | (8171531) | (246916) | (78556) | (454546) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 370412 | 3518135 | (58579) | 396593 | 377491 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 207 | 2380 | 114 | (106) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (9123) | (22131) | (1312) | (2817) | (4309) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1205982) | (4673147) | 21392 | 477068 | 18727 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1342517) | (5319811) | 566200 | 1166330 | 498688 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 14796169 | 38642674 | 1613547 | 1470677 | 1233652 |
| &nbsp;&nbsp;&nbsp; End of period | $13453652 | $33322863 | $2179747 | $2637007 | $1732340 |
| &nbsp;&nbsp;&nbsp; Beginning units | 1486142 | 4529270 | 107148 | 96446 | 74033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 120630 | 943371 | 22314 | 45716 | 40215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (242930) | (1492629) | (20778) | (17342) | (33990) |
| &nbsp;&nbsp;&nbsp; Ending units | 1363842 | 3980012 | 108684 | 124820 | 80258 |

---

**The accompanying notes are an integral part of these financial statements.**

A98

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **Vanguard VIF Equity Index Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $63469 | $(3580) | $6662 | $45093 | $6537 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  | 15395 |  | 44529 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 443 | (43173) | (1820) | (25171) | 31325 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (30086) | 102591 | 1358 | (1057) | 164922 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 33826 | 55838 | 21595 | 18865 | 247313 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 777311 | 180058 | 846 | 142095 | 17291 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (261834) | (116790) | (25773) | (239371) | (82416) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 203407 | 145859 | 49637 | (807860) | (74277) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (14) | 126 | (1) | (125) | (10) |
| &nbsp;&nbsp;&nbsp; Other charges | (1597) | (1068) | (1273) | (1160) | (2770) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 717273 | 208185 | 23436 | (906421) | (142182) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 751099 | 264023 | 45031 | (887556) | 105131 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1307494 | 566422 | 374453 | 2107662 | 1091505 |
| &nbsp;&nbsp;&nbsp; End of period | $2058593 | $830445 | $419484 | $1220106 | $1196636 |
| &nbsp;&nbsp;&nbsp; Beginning units | 135811 | 50250 | 30899 | 221834 | 74308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 115016 | 43466 | 11252 | 29057 | 6382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (39780) | (24248) | (9996) | (125238) | (14949) |
| &nbsp;&nbsp;&nbsp; Ending units | 211047 | 69468 | 32155 | 125653 | 65741 |

---

**The accompanying notes are an integral part of these financial statements.**

A99

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $2827 | $5179 | $24040 | $34844 | $76040 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 149 | 15881 | 27007 |  | 17411 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (8817) | 11587 | (10084) | (16215) | 66882 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 7243 | 232402 | (2983) | (8504) | (6141) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1402 | 265049 | 37980 | 10125 | 154192 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 24668 | 340192 | 10724 | 437121 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (61450) | (125177) | (173186) | (144962) | (786214) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (20053) | 742233 | (41713) | 11669 | (3102) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (54) | 84 | (12) | (3) | (272) |
| &nbsp;&nbsp;&nbsp; Other charges | (513) | (2425) | (2356) | (4238) | (4835) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (82070) | 639383 | 122925 | (126810) | (357302) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (80668) | 904432 | 160905 | (116685) | (203110) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 196577 | 1320836 | 1005112 | 1778974 | 3385039 |
| &nbsp;&nbsp;&nbsp; End of period | $115909 | $2225268 | $1166017 | $1662289 | $3181929 |
| &nbsp;&nbsp;&nbsp; Beginning units | 21420 | 101759 | 100945 | 194020 | 291708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1411 | 64040 | 42702 | 17023 | 72910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (10352) | (16122) | (30985) | (30650) | (101408) |
| &nbsp;&nbsp;&nbsp; Ending units | 12479 | 149677 | 112662 | 180393 | 263210 |

---

**The accompanying notes are an integral part of these financial statements.**

A100

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF High Yield Bond Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $12498 | $23873 | $3090 | $(4042) | $18429 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 169625 | 79577 | 3719 |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 56123 | (33115) | (12911) | 37902 | 956 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 251842 | 153343 | 15991 | 181943 | 5508 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 490088 | 223678 | 9889 | 215803 | 24893 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 32024 | 15984 | 159321 | 96806 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (151670) | (35508) | (42608) | (130377) | (21887) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 73868 | (716914) | (73361) | (36959) | 19871 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 266 |  |  | 1 | (45) |
| &nbsp;&nbsp;&nbsp; Other charges | (4863) | (4775) | (188) | (780) | (482) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (82399) | (725173) | (100173) | (8794) | 94263 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 407689 | (501495) | (90284) | 207009 | 119156 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2007993 | 2149712 | 260328 | 611609 | 356917 |
| &nbsp;&nbsp;&nbsp; End of period | $2415682 | $1648217 | $170044 | $818618 | $476073 |
| &nbsp;&nbsp;&nbsp; Beginning units | 139746 | 175738 | 24168 | 43470 | 33557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 40943 | 3003 | 1506 | 13110 | 12929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (43702) | (60538) | (10874) | (12536) | (4103) |
| &nbsp;&nbsp;&nbsp; Ending units | 136987 | 118203 | 14800 | 44044 | 42383 |

---

**The accompanying notes are an integral part of these financial statements.**

A101

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $25191 | $105804 | $81536 | $22519 | $96224 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 29141 |  | 202640 | 17270 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 172617 | 35663 | (8319) | 97638 | (17388) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (87804) | 19630 | 427767 | 220853 | (63285) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 139145 | 161097 | 703624 | 358280 | 15551 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 26408 | 228982 | 2412 | 552323 | 403301 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (15440) | (434174) | (98508) | (401417) | (257263) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (9467) | 161975 | (5584) | (394123) | 742001 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 4 | (60) |  | 105 | (145) |
| &nbsp;&nbsp;&nbsp; Other charges | (1179) | (3483) | (8455) | (657) | (3274) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 326 | (46760) | (110135) | (243769) | 884620 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 139471 | 114337 | 593489 | 114511 | 900171 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1467957 | 2655853 | 4464223 | 1963977 | 1729802 |
| &nbsp;&nbsp;&nbsp; End of period | $1607428 | $2770190 | $5057712 | $2078488 | $2629973 |
| &nbsp;&nbsp;&nbsp; Beginning units | 126092 | 263127 | 363234 | 135574 | 180279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 100002 | 153206 | 15728 | 46725 | 144333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (99388) | (152616) | (23799) | (61256) | (52771) |
| &nbsp;&nbsp;&nbsp; Ending units | 126706 | 263717 | 355163 | 121043 | 271841 |

---

**The accompanying notes are an integral part of these financial statements.**

A102

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(8213) | $31708 | $46964 | $19821 | $(2636) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 92176 | 189418 |  | 88597 | 231176 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 217785 | 56347 | (44653) | 28306 | 61027 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 770980 | 666460 | (3421) | (11556) | (76472) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1072728 | 943933 | (1110) | 125168 | 213095 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 518139 | 720575 | 100207 | 39781 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (616167) | (262223) | (445649) | (49899) | (10261) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (144211) | (37458) | 316421 | (298483) | (384714) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (579) | (177) |  | 15 |  |
| &nbsp;&nbsp;&nbsp; Other charges | (5016) | (3004) | (2011) | (810) | (625) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (247834) | 417713 | (31032) | (309396) | (395600) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 824894 | 1361646 | (32142) | (184228) | (182505) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 3350415 | 3707476 | 1120876 | 1375737 | 855335 |
| &nbsp;&nbsp;&nbsp; End of period | $4175309 | $5069122 | $1088734 | $1191509 | $672830 |
| &nbsp;&nbsp;&nbsp; Beginning units | 207208 | 260322 | 115852 | 98818 | 59166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 61870 | 50117 | 45011 | 17739 | 5243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (71761) | (22678) | (48469) | (38582) | (29084) |
| &nbsp;&nbsp;&nbsp; Ending units | 197317 | 287761 | 112394 | 77975 | 35325 |

---

**The accompanying notes are an integral part of these financial statements.**

A103

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA U.S. Large Value Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $71563 | $10028 | $20368 | $37213 | $21391 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 251793 | 65344 |  |  | 163186 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 3424 | (57727) | (3244) | 428 | 60925 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (37397) | 87908 | (5396) | 2767 | (59495) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 289383 | 105553 | 11728 | 40408 | 186007 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 82895 | 2335 | 287119 | 11272 | 128200 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (255711) | (526559) | (68574) | (30441) | (402160) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 177871 | (189022) | 5577 | (306018) | (12242) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 510 | 1 |  |  | (176) |
| &nbsp;&nbsp;&nbsp; Other charges | (2006) | (1936) | (394) | (1960) | (2954) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 3559 | (715181) | 223728 | (327147) | (289332) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 292942 | (609628) | 235456 | (286739) | (103325) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 3023717 | 1644768 | 242409 | 1121463 | 1374662 |
| &nbsp;&nbsp;&nbsp; End of period | $3316659 | $1035140 | $477865 | $834724 | $1271337 |
| &nbsp;&nbsp;&nbsp; Beginning units | 226372 | 138930 | 25396 | 111256 | 105100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 21955 | 14653 | 31211 | 15942 | 24807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (21863) | (73489) | (8813) | (48201) | (43327) |
| &nbsp;&nbsp;&nbsp; Ending units | 226464 | 80094 | 47794 | 78997 | 86580 |

---

**The accompanying notes are an integral part of these financial statements.**

A104

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Dimensional VA U.S. Targeted Value Portfolio** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $26333 | $28314 | $(267) | $4080 | $28883 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 196810 | 53890 | 237 | 3868 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 51500 | 12193 | 6662 | 17474 | 11579 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (202673) | 174790 | 13041 | 54306 | 158634 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 71970 | 269187 | 19673 | 79728 | 199096 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1225227 |  | 15925 | 132622 | 469170 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (507896) | (88509) | (36182) | (6618) | (174848) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (16192) | 370168 | (1092) | 20548 | 464331 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 502 | (18) | (23) | 144 | 70 |
| &nbsp;&nbsp;&nbsp; Other charges | (3908) | (3980) | (134) | (641) | (3368) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 697733 | 277661 | (21506) | 146055 | 755355 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 769703 | 546848 | (1833) | 225783 | 954451 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1866731 | 1578436 | 65793 | 418244 | 1658232 |
| &nbsp;&nbsp;&nbsp; End of period | $2636434 | $2125284 | $63960 | $644027 | $2612683 |
| &nbsp;&nbsp;&nbsp; Beginning units | 110241 | 115535 | 4629 | 29669 | 147773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 66259 | 31489 | 1220 | 16611 | 92752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (31441) | (12227) | (2226) | (6998) | (28419) |
| &nbsp;&nbsp;&nbsp; Ending units | 145059 | 134797 | 3623 | 39282 | 212106 |

---

**The accompanying notes are an integral part of these financial statements.**

A105

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $4370 | $155176 | $(1684) | $926 | $14950 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 12687 |  |  | 13329 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 25779 | 35424 | 5430 | 7244 | 58926 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 59616 | (34468) | 14903 | 20644 | 74199 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 102452 | 156132 | 18649 | 42143 | 148075 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 49886 | 287683 | 97894 |  | 1219425 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (94481) | (605219) | (89807) | (41651) | (249947) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (26879) | 309446 | (13874) | 94794 | (10752) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 579 | 53 | 124 |  | (112) |
| &nbsp;&nbsp;&nbsp; Other charges | (634) | (1588) | (975) | (476) | (2135) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (71529) | (9625) | (6638) | 52667 | 956479 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 30923 | 146507 | 12011 | 94810 | 1104554 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 325041 | 2066174 | 340307 | 156890 | 2105490 |
| &nbsp;&nbsp;&nbsp; End of period | $355964 | $2212681 | $352318 | $251700 | $3210044 |
| &nbsp;&nbsp;&nbsp; Beginning units | 23558 | 174264 | 28931 | 11350 | 170880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 5142 | 125041 | 8607 | 6479 | 103989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (9179) | (125945) | (8931) | (3099) | (33191) |
| &nbsp;&nbsp;&nbsp; Ending units | 19521 | 173360 | 28607 | 14730 | 241678 |

---

**The accompanying notes are an integral part of these financial statements.**

A106

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $3297 | $87846 | $(6435) | $8326 | $456 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 270012 |  | 62563 | 26343 | 5221 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 63579 | 11228 | 89110 | 16222 | (3500) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (9597) | 45317 | 306498 | 79933 | 25846 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 327291 | 144391 | 451736 | 130824 | 28023 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 352873 | 117135 | 225727 | 97468 | 76453 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (268010) | (144108) | (118850) | (124770) | (199621) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (253996) | 465534 | (103389) | 69338 | 19556 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 67 | 16 | (107) | 105 | 192 |
| &nbsp;&nbsp;&nbsp; Other charges | (1844) | (2558) | (2515) | (380) | (23) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (170910) | 436019 | 866 | 41761 | (103443) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 156381 | 580410 | 452602 | 172585 | (75420) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1969089 | 2102093 | 1295012 | 419422 | 231706 |
| &nbsp;&nbsp;&nbsp; End of period | $2125470 | $2682503 | $1747614 | $592007 | $156286 |
| &nbsp;&nbsp;&nbsp; Beginning units | 140068 | 200633 | 67157 | 37440 | 19367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 31739 | 73299 | 19652 | 16825 | 8270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (42680) | (31676) | (19615) | (13207) | (15720) |
| &nbsp;&nbsp;&nbsp; Ending units | 129127 | 242256 | 67194 | 41058 | 11917 |

---

**The accompanying notes are an integral part of these financial statements.**

A107

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4200) | $227382 | $22811 | $(6014) | $15597 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 45352 |  |  | 93982 | 72070 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (6785) | (4046) | 342 | (4823) | 9855 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 28169 | (239518) | (181) | 90858 | (1684) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 62536 | (16182) | 22972 | 174003 | 95838 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 160030 | 16134 | 17775 | 119438 | 188808 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (172804) | (8169) | (24040) | (223261) | (337942) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 106684 | 236519 | 401 | 629779 | 57479 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 40 | 7 | (25) | 516 | (9) |
| &nbsp;&nbsp;&nbsp; Other charges | (942) | (1343) | (1416) | (1007) | (1886) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 93008 | 243148 | (7305) | 525465 | (93550) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 155544 | 226966 | 15667 | 699468 | 2288 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1046477 | 2554434 | 363669 | 869235 | 1379640 |
| &nbsp;&nbsp;&nbsp; End of period | $1202021 | $2781400 | $379336 | $1568703 | $1381928 |
| &nbsp;&nbsp;&nbsp; Beginning units | 89361 | 280202 | 36213 | 69960 | 117984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 25177 | 29827 | 1742 | 62845 | 21653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (15974) | (2576) | (2527) | (22194) | (29043) |
| &nbsp;&nbsp;&nbsp; Ending units | 98564 | 307453 | 35428 | 110611 | 110594 |

---

**The accompanying notes are an integral part of these financial statements.**

A108

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Investors Trust Series (Service Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(143) | $(4833) | $(13585) | $(111644) | $(817) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 12029 | 26429 | 307468 | 215632 | 34430 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 3557 | 217967 | 36753 | 1188669 | 12077 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 9347 | 308980 | 114095 | 4772461 | 34596 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 24790 | 548543 | 444731 | 6065118 | 80286 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 831388 | 1144541 | 1975609 | 56428 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (76187) | (690930) | (258615) | (2115143) | (26592) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 1376 | 166970 | (103697) | (2050415) | 2209 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  | (3578) | 1002 | 3028 | 5 |
| &nbsp;&nbsp;&nbsp; Other charges | (130) | (17104) | (14435) | (91369) | (2683) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (74941) | 286746 | 768796 | (2278290) | 29367 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (50151) | 835289 | 1213527 | 3786828 | 109653 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 178640 | 6705259 | 2817652 | 17682007 | 392612 |
| &nbsp;&nbsp;&nbsp; End of period | $128489 | $7540548 | $4031179 | $21468835 | $502265 |
| &nbsp;&nbsp;&nbsp; Beginning units | 12175 | 484699 | 168830 | 1098822 | 24553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 624 | 479099 | 74433 | 155502 | 8511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (5248) | (457217) | (34031) | (271245) | (6567) |
| &nbsp;&nbsp;&nbsp; Ending units | 7551 | 506581 | 209232 | 983079 | 26497 |

---

**The accompanying notes are an integral part of these financial statements.**

A109

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(52199) | $(15920) | $(1491) | $766237 | $319204 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 707404 |  | 49097 |  | 1269007 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (146375) | (239731) | 14019 | (190244) | 65950 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 710247 | 429401 | 64576 | (249202) | (215888) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1219077 | 173750 | 126201 | 326791 | 1438273 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 948658 | 53413 | 94545 | 2386773 | 2509788 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (918983) | (392577) | (39678) | (2775666) | (1644536) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 32250 | 45036 | (104199) | 1839317 | 1291375 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (35) | 7 | 291 | (1811) | 9607 |
| &nbsp;&nbsp;&nbsp; Other charges | (44411) | (13772) | (3802) | (62684) | (37342) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 17479 | (307893) | (52843) | 1385929 | 2128892 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1236556 | (134143) | 73358 | 1712720 | 3567165 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 8668559 | 3040377 | 708875 | 22615742 | 23619742 |
| &nbsp;&nbsp;&nbsp; End of period | $9905115 | $2906234 | $782233 | $24328462 | $27186907 |
| &nbsp;&nbsp;&nbsp; Beginning units | 607616 | 227191 | 44271 | 2383158 | 1796374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 101450 | 21607 | 10908 | 2001510 | 2003246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (99329) | (43741) | (13693) | (1856698) | (1852756) |
| &nbsp;&nbsp;&nbsp; Ending units | 609737 | 205057 | 41486 | 2527970 | 1946864 |

---

**The accompanying notes are an integral part of these financial statements.**

A110

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Utilities Series (Service Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $106070 | $(54993) | $425704 | $98577 | $358797 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 200720 | 1349449 | 1412053 | 84736 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (97871) | 623299 | (72081) | 106733 | (188187) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 495256 | 1001116 | 2717445 | 1396777 | (136294) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 704175 | 2918871 | 4483121 | 1686823 | 34316 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 539286 | 1525074 | 1448512 | 877084 | 993910 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1116272) | (1407583) | (1574455) | (560029) | (873937) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (213741) | 11588 | (2405503) | 249016 | 489016 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 76 | (4165) | 2086 | 103 | (1163) |
| &nbsp;&nbsp;&nbsp; Other charges | (33750) | (48477) | (170234) | (46568) | (48451) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (824401) | 76437 | (2699594) | 519606 | 559375 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (120226) | 2995308 | 1783527 | 2206429 | 593691 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 6957744 | 8606317 | 30800485 | 9308738 | 9880499 |
| &nbsp;&nbsp;&nbsp; End of period | $6837518 | $11601625 | $32584012 | $11515167 | $10474190 |
| &nbsp;&nbsp;&nbsp; Beginning units | 520973 | 637896 | 2549872 | 624456 | 1091268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 81620 | 223315 | 226913 | 129771 | 286024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (140297) | (213498) | (440461) | (100681) | (225304) |
| &nbsp;&nbsp;&nbsp; Ending units | 462296 | 647713 | 2336324 | 653546 | 1151988 |

---

**The accompanying notes are an integral part of these financial statements.**

A111

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $63278 | $6883 | $(96176) | $39641 | $12357 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 82882 | 589744 | 438512 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 7705 | (102125) | 405077 | 170712 | (57269) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 645810 | 49535 | 5921172 | 1270090 | 90657 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 716793 | 37175 | 6819817 | 1918955 | 45745 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 880511 | 96293 | 4022731 | 1365586 | 311713 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (502832) | (160004) | (2343871) | (923906) | (266550) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 413985 | 98057 | 8439 | 236364 | (109174) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 519 | (11) | (1667) | 276 | 105 |
| &nbsp;&nbsp;&nbsp; Other charges | (28744) | (11125) | (118806) | (44026) | (11997) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 763439 | 23210 | 1566826 | 634294 | (75903) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1480232 | 60385 | 8386643 | 2553249 | (30158) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 5377430 | 2160544 | 21844107 | 8233939 | 2682960 |
| &nbsp;&nbsp;&nbsp; End of period | $6857662 | $2220929 | $30230750 | $10787188 | $2652802 |
| &nbsp;&nbsp;&nbsp; Beginning units | 423113 | 203473 | 1543531 | 583005 | 253456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 108560 | 28505 | 367699 | 137620 | 59647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (54468) | (26062) | (275497) | (100934) | (68455) |
| &nbsp;&nbsp;&nbsp; Ending units | 477205 | 205916 | 1635733 | 619691 | 244648 |

---

**The accompanying notes are an integral part of these financial statements.**

A112

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **American Funds IS® New World Fund (Class 4)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $20573 | $(4728) | $37563 | $20870 | $(20540) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 15187 | 526711 | 626125 | 145054 | 1585160 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (40190) | 31831 | 59702 | 26105 | 73196 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 180629 | 506707 | (132929) | 34968 | (625120) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 176199 | 1060521 | 590461 | 226997 | 1012696 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 214007 | 369325 | 508802 | 61506 | 730825 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (392875) | (270467) | (296810) | (673478) | (498937) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 125197 | 435522 | 56211 | (148988) | (265195) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (151) | (224) | 737 | 225 | (3411) |
| &nbsp;&nbsp;&nbsp; Other charges | (15702) | (22174) | (18263) | (10568) | (17491) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (69524) | 511982 | 250677 | (771303) | (54209) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 106675 | 1572503 | 841138 | (544306) | 958487 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 3199336 | 4096936 | 3620563 | 2466626 | 3378967 |
| &nbsp;&nbsp;&nbsp; End of period | $3306011 | $5669439 | $4461701 | $1922320 | $4337454 |
| &nbsp;&nbsp;&nbsp; Beginning units | 289880 | 290332 | 249051 | 162949 | 264993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 36130 | 65296 | 55827 | 11935 | 92002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (42765) | (32775) | (39189) | (58868) | (97882) |
| &nbsp;&nbsp;&nbsp; Ending units | 283245 | 322853 | 265689 | 116016 | 259113 |

---

**The accompanying notes are an integral part of these financial statements.**

A113

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $76720 | $(39506) | $364097 | $(89936) | $(54400) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 326654 | 598977 | 941725 |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (19366) | 360875 | 211987 | 708427 | 52371 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 32994 | 955867 | 2594155 | 4699864 | 431172 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 417002 | 1876213 | 4111964 | 5318355 | 429143 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 258596 | 267237 | 4037818 | 2581189 | 834541 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (774783) | (873748) | (2036516) | (4658362) | (1057578) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (307502) | (551329) | (459665) | 1445593 | (473483) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (8) | 796 | 5004 | 2765 | 371 |
| &nbsp;&nbsp;&nbsp; Other charges | (21753) | (31058) | (145153) | (75672) | (46117) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (845450) | (1188102) | 1401488 | (704487) | (742266) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (428448) | 688111 | 5513452 | 4613868 | (313123) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 4802109 | 6735238 | 27266711 | 14555466 | 9318353 |
| &nbsp;&nbsp;&nbsp; End of period | $4373661 | $7423349 | $32780163 | $19169334 | $9005230 |
| &nbsp;&nbsp;&nbsp; Beginning units | 335366 | 541720 | 2120907 | 1193960 | 858345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 47829 | 65592 | 452135 | 398792 | 137489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (103448) | (150479) | (355490) | (451672) | (200780) |
| &nbsp;&nbsp;&nbsp; Ending units | 279747 | 456833 | 2217552 | 1141080 | 795054 |

---

**The accompanying notes are an integral part of these financial statements.**

A114

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2032** | **PSF Global Portfolio (Class III)** | **PSF Mid-Cap Growth Portfolio (Class III)** | **PSF Natural Resources Portfolio (Class III)** | **PSF PGIM 50/50 Balanced Portfolio (Class III)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(726335) | $(6394) | $(9965) | $(109181) | $(34045) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (2642481) | 31089 | 21774 | 618378 | 101969 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 2183661 | 128147 | 196884 | 357386 | 637770 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | (1185155) | 152842 | 208693 | 866583 | 705694 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  | 118523 | 457456 | 160162 | 789820 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  | (46918) |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (11455202) | (155357) | (111476) | (4030242) | (744098) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (2176192) | 67877 | 153148 | (424841) | 394438 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (1369) | 111 | (182) | (371) | 508 |
| &nbsp;&nbsp;&nbsp; Other charges | (22333) | (5546) | (8345) | (85312) | (31146) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (13655096) | 25608 | 490601 | (4427522) | 409522 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (14840251) | 178450 | 699294 | (3560939) | 1115216 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 46457854 | 1021604 | 1439580 | 20075218 | 5701912 |
| &nbsp;&nbsp;&nbsp; End of period | $31617603 | $1200054 | $2138874 | $16514279 | $6817128 |
| &nbsp;&nbsp;&nbsp; Beginning units | 6217704 | 100450 | 158316 | 1489201 | 547809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 165801 | 19340 | 66362 | 96347 | 110476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (2055225) | (16506) | (17145) | (402233) | (74146) |
| &nbsp;&nbsp;&nbsp; Ending units | 4328280 | 103284 | 207533 | 1183315 | 584139 |

---

**The accompanying notes are an integral part of these financial statements.**

A115

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Flexible Managed Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class III)** | **PSF PGIM High Yield Bond Portfolio (Class III)** | **PSF PGIM Jennison Blend Portfolio (Class III)** | **PSF PGIM Jennison Growth Portfolio (Class III)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(1120186) | $(14416) | $(51728) | $(14988) | $(59443) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 7829432 | 33153 | 97532 | 147969 | 549803 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 18739590 | (20656) | 645259 | 442574 | 2250409 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 25448836 | (1919) | 691063 | 575555 | 2740769 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1436731 | 246690 | 1064658 | 563411 | 1540764 |
| &nbsp;&nbsp;&nbsp; Annuity payments | (363524) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (31630523) | (1462698) | (869449) | (242095) | (690500) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (4854785) | 633705 | 1357547 | (281682) | (192350) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (4489) | (176) | 735 | 690 | 4739 |
| &nbsp;&nbsp;&nbsp; Other charges | (863331) | (12880) | (46208) | (12999) | (51173) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (36279921) | (595359) | 1507283 | 27325 | 611480 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (10831085) | (597278) | 2198346 | 602880 | 3352249 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 188033229 | 2668958 | 9102485 | 2138809 | 9289995 |
| &nbsp;&nbsp;&nbsp; End of period | $177202144 | $2071680 | $11300831 | $2741689 | $12642244 |
| &nbsp;&nbsp;&nbsp; Beginning units | 17568192 | 302472 | 899623 | 196969 | 890859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 112086 | 153561 | 287940 | 69340 | 247073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (3229427) | (221740) | (149994) | (64676) | (204580) |
| &nbsp;&nbsp;&nbsp; Ending units | 14450851 | 234293 | 1037569 | 201633 | 933352 |

---

**The accompanying notes are an integral part of these financial statements.**

A116

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **PSF PGIM Jennison Value Portfolio (Class III)** | **PSF PGIM Total Return Bond Portfolio (Class III)** | **PSF Small-Cap Stock Index Portfolio (Class III)** | **PSF Stock Index Portfolio (Class III)** | **PSF PGIM Government Income Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(17562) | $(63207) | $(48465) | $(208869) | $(1560) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 81270 | 18103 | 137374 | 965788 | (3004) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 476349 | 280959 | 578306 | 7158537 | 4475 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 540057 | 235855 | 667215 | 7915456 | (89) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 1276634 | 3982793 | 1101186 | 7207924 | 142899 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (169429) | (1389078) | (879862) | (2363406) | (38800) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 268041 | 2370088 | 424331 | 2534399 | (134403) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 559 | 851 | 1236 | 507 | (415) |
| &nbsp;&nbsp;&nbsp; Other charges | (14829) | (55257) | (42576) | (179815) | (176) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 1360976 | 4909397 | 604315 | 7199609 | (30895) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1901033 | 5145252 | 1271530 | 15115065 | (30984) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 2562895 | 9202952 | 8915013 | 31430386 | 507431 |
| &nbsp;&nbsp;&nbsp; End of period | $4463928 | $14348204 | $10186543 | $46545451 | $476447 |
| &nbsp;&nbsp;&nbsp; Beginning units | 221426 | 1007934 | 899680 | 2717481 | 56009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 132149 | 776753 | 224510 | 907611 | 17996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (32098) | (245321) | (168199) | (371073) | (21768) |
| &nbsp;&nbsp;&nbsp; Ending units | 321477 | 1539366 | 955991 | 3254019 | 52237 |

---

**The accompanying notes are an integral part of these financial statements.**

A117

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Fidelity® VIP High Income Portfolio (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **Vanguard VIF Capital Growth Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $29925 | $1679 | $9884 | $20101 | $1945 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  | 45830 | 15013 | 116088 | 13647 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 1771 | (2315) | (45668) | 12785 | 14454 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 11337 | 63769 | 61655 | 21636 | 48467 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 43033 | 108963 | 40884 | 170610 | 78513 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 151695 | 28775 | 129184 | 65266 | 35109 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (95196) | (39971) | (12211) | (195417) | (58309) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 46950 | (13839) | (212979) | (8023) | (17824) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (40) |  | (504) |  | (128) |
| &nbsp;&nbsp;&nbsp; Other charges | (675) | (12) | (257) | (2506) | (904) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 102734 | (25047) | (96767) | (140680) | (42056) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 145767 | 83916 | (55883) | 29930 | 36457 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 361068 | 584031 | 647891 | 1548325 | 615773 |
| &nbsp;&nbsp;&nbsp; End of period | $506835 | $667947 | $592008 | $1578255 | $652230 |
| &nbsp;&nbsp;&nbsp; Beginning units | 35063 | 42547 | 59142 | 120693 | 42166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 20248 | 2494 | 28430 | 8781 | 3167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (9935) | (4148) | (38884) | (18900) | (5626) |
| &nbsp;&nbsp;&nbsp; Ending units | 45376 | 40893 | 48688 | 110574 | 39707 |

---

**The accompanying notes are an integral part of these financial statements.**

A118

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF International Portfolio** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $14750 | $14830 | $10494 | $111181 | $12042 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 116171 | 43052 | 69619 |  | 281510 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 56095 | 4578 | (50308) | 3528 | 125423 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 98693 | 32751 | 149523 | (12343) | (65164) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 285709 | 95211 | 179328 | 102366 | 353811 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 475695 | 51820 | 197617 | 335346 | 1556098 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (433656) | (15808) | (215327) | (253041) | (353475) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (96890) | (99547) | (100488) | 27073 | (266642) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 53 | 1 | 683 | 9 | (228) |
| &nbsp;&nbsp;&nbsp; Other charges | (1980) | (1498) | (2657) | (4538) | (2568) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (56778) | (65032) | (120172) | 104849 | 933185 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 228931 | 30179 | 59156 | 207215 | 1286996 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1830526 | 683925 | 2028751 | 2320032 | 1506703 |
| &nbsp;&nbsp;&nbsp; End of period | $2059457 | $714104 | $2087907 | $2527247 | $2793699 |
| &nbsp;&nbsp;&nbsp; Beginning units | 123333 | 51149 | 172930 | 225255 | 103604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 45507 | 4791 | 21598 | 38058 | 87067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (47118) | (9200) | (30099) | (28016) | (37155) |
| &nbsp;&nbsp;&nbsp; Ending units | 121722 | 46740 | 164429 | 235297 | 153516 |

---

**The accompanying notes are an integral part of these financial statements.**

A119

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Value Portfolio** | **ClearBridge Variable Appreciation Portfolio (Class I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4569) | $11739 | $18363 | $50993 | $1026 |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 103917 | 5432 | 18088 | 32624 | 33483 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 64265 | 70709 | 7147 | 40291 | 2363 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 158534 | 108478 | (23280) | (50621) | 20280 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 322147 | 196358 | 20318 | 73287 | 57152 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 83054 |  | 126650 | 401773 | 54720 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (129207) | (970473) | (148524) | (365912) | (5024) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 3363 | (21241) | (5072) | 16200 | (10083) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions |  |  | 212 | (30) |  |
| &nbsp;&nbsp;&nbsp; Other charges | (493) | (2586) | (1536) | (1503) | (257) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (43283) | (994300) | (28270) | 50528 | 39356 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 278864 | (797942) | (7952) | 123815 | 96508 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1105908 | 1747456 | 585742 | 1302405 | 242664 |
| &nbsp;&nbsp;&nbsp; End of period | $1384772 | $949514 | $577790 | $1426220 | $339172 |
| &nbsp;&nbsp;&nbsp; Beginning units | 76664 | 139312 | 49344 | 96893 | 16988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 18355 |  | 12605 | 58575 | 3525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (21796) | (71272) | (14650) | (55152) | (1074) |
| &nbsp;&nbsp;&nbsp; Ending units | 73223 | 68040 | 47299 | 100316 | 19439 |

---

**The accompanying notes are an integral part of these financial statements.**

A120

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **MFS® Technology Portfolio (Initial Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $12282 | $(1629) | $672 | $2211 | $(2669) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 151125 | 21071 | 939 | 12187 | 8178 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (4704) | 37395 | 13 | (281) | 58226 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | 65136 | 35812 | 1498 | 9355 | 126177 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 223839 | 92649 | 3122 | 23472 | 189912 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 49045 | 145403 |  | 18262 | 143683 |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (66166) | (183128) |  | (27022) | (69328) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (169521) | (7418) |  | (2148) | (102590) |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 7 | 1132 |  |  | (49) |
| &nbsp;&nbsp;&nbsp; Other charges | (1984) | (840) | (15) | (321) | (976) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (188619) | (44851) | (15) | (11229) | (29260) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 35220 | 47798 | 3107 | 12243 | 160652 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 1423154 | 297276 | 27541 | 139260 | 488112 |
| &nbsp;&nbsp;&nbsp; End of period | $1458374 | $345074 | $30648 | $151503 | $648764 |
| &nbsp;&nbsp;&nbsp; Beginning units | 102476 | 20542 | 2322 | 10409 | 32823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 5321 | 8853 |  | 1243 | 19805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (17528) | (10660) | (2) | (1982) | (20588) |
| &nbsp;&nbsp;&nbsp; Ending units | 90269 | 18735 | 2320 | 9670 | 32040 |

---

**The accompanying notes are an integral part of these financial statements.**

A121

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **AST Bond Portfolio 2033** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I)** | **AST Bond Portfolio 2034** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $42955 | $10931191 | $(1800) | $627 | $(25771) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received | 1541267 |  |  | 3604 |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | 277277 |  | 365 | 3432 | (78270) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (246736) |  | (3041) | 93 | (47872) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | 1614763 | 10931191 | (4476) | 7756 | (151913) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments | 2908134 | 336575378 |  | 4112 |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits | (1081524) | (168001200) | (19723) | (27274) | (143384) |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 2734583 | (95596544) | (2223) | 19482 | 1262962 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | 15138 | (125265) |  |  |  |
| &nbsp;&nbsp;&nbsp; Other charges |  | (654680) | (56) | (67) | (1777) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 4576331 | 72197689 | (22002) | (3747) | 1117801 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 6191094 | 83128880 | (26478) | 4009 | 965888 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 14322593 | 207530397 | 112055 | 51985 | 174969 |
| &nbsp;&nbsp;&nbsp; End of period | $20513687 | $290659277 | $85577 | $55994 | $1140857 |
| &nbsp;&nbsp;&nbsp; Beginning units | 928930 | 19853595 | 14018 | 4080 | 17277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 1812526 | 37989726 |  | 1688 | 499102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (1530716) | (31095631) | (2922) | (1950) | (398900) |
| &nbsp;&nbsp;&nbsp; Ending units | 1210740 | 26747690 | 11096 | 3818 | 117479 |

---

**The accompanying notes are an integral part of these financial statements.**

A122

------

**FINANCIAL STATEMENTS OF** 

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | |
|:---|:---|
| | **SUBACCOUNT** |
| | **AST Bond Portfolio 2035** |
| | **1/2/2024\***<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(2672) |
| &nbsp;&nbsp;&nbsp; Capital gains distributions received |  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on shares redeemed | (8925) |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (4012) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp; **RESULTING FROM OPERATIONS** | (15609) |
| **CONTRACT OWNER TRANSACTIONS** |  |
| &nbsp;&nbsp;&nbsp; Contract owner net payments |  |
| &nbsp;&nbsp;&nbsp; Annuity payments |  |
| &nbsp;&nbsp;&nbsp; Surrenders, withdrawals and death benefits |  |
| &nbsp;&nbsp;&nbsp; Net transfers between other subaccounts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 174282 |
| &nbsp;&nbsp;&nbsp; Miscellaneous transactions | (77) |
| &nbsp;&nbsp;&nbsp; Other charges |  |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 174205 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 158596 |
| **NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp; Beginning of period |  |
| &nbsp;&nbsp;&nbsp; End of period | $158596 |
| &nbsp;&nbsp;&nbsp; Beginning units |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units issued | 47620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units redeemed | (30995) |
| &nbsp;&nbsp;&nbsp; Ending units | 16625 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A123

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

**Note 1:&nbsp;&nbsp;&nbsp;&nbsp;General** 

Pruco Life Flexible Premium Variable Annuity Account (the "Account") was established under the laws of the State of Arizona on June 16, 1995 as a separate investment account of Pruco Life Insurance Company ("Pruco Life"), which is a wholly-owned subsidiary of The Prudential Insurance Company of America ("Prudential"). Prudential is a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential Financial"). Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of Pruco Life. Proceeds from purchases of the variable annuity contracts listed below (individually, a "contract" or "product" and collectively, the "contracts" or "products") are invested in the Account. The portion of the Account's assets applicable to the contracts is not chargeable with liabilities arising out of any other business Pruco Life may conduct.

---

| | |
|:---|:---|
| Discovery Choice Variable Annuity | Prudential Premier Retirement Variable Annuity X, B, L, C Series |
| Discovery Preferred Variable Annuity | Prudential Premier Variable Annuity B, L, X Series |
| Discovery Select Variable Annuity | Prudential Premier Variable Annuity Bb Series<sup>SM</sup> |
| Prudential Defined Income (PDI) Variable Annuity | Strategic Partners<sup>SM</sup> Advisor Variable Annuity |
| Prudential FlexGuard | Strategic Partners<sup>SM</sup> Flexelite Variable Annuity |
| Prudential FlexGuard Income | Strategic Partners<sup>SM</sup> Flexelite 2 Variable Annuity |
| Prudential FlexGuard Income Select | Strategic Partners Plus Variable Annuity |
| Prudential MyRock Advisor Variable Annuity | Strategic Partners Plus 3 Variable Annuity |
| Prudential Premier Advisor Variable Annuity Series | Strategic Partners<sup>SM</sup> Select Variable Annuity |
| Prudential Premier Investment Variable Annuity B, C Series | Strategic Partners Annuity One Variable Annuity |
| Prudential Premier Retirement Variable Annuity | Strategic Partners Annuity One 3 Variable Annuity |

---

The Account is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940, as amended, as a unit investment trust. The Account is a funding vehicle for the contracts. The contracts offer the option to invest in various subaccounts listed below, each of which invests in a corresponding portfolio of either The Prudential Series Fund, the Advanced Series Trust or one of the non-Prudential administered funds (collectively, the "Portfolios"). Investment options vary by contract.

The corresponding subaccount names are as follows:

---

| |
|:---|
| PSF PGIM Government Money Market Portfolio (Class I) |
| PSF PGIM Total Return Bond Portfolio (Class I) |
| PSF PGIM Jennison Blend Portfolio (Class I) |
| PSF PGIM Flexible Managed Portfolio (Class I) |
| PSF PGIM 50/50 Balanced Portfolio (Class I) |
| PSF PGIM Jennison Value Portfolio (Class I) |
| PSF PGIM High Yield Bond Portfolio (Class I) |
| PSF Natural Resources Portfolio (Class I)\* |
| PSF Stock Index Portfolio (Class I) |
| PSF Global Portfolio (Class I) |
| PSF PGIM Jennison Growth Portfolio (Class I) |
| PSF Small-Cap Stock Index Portfolio (Class I) |
| T. Rowe Price International Stock Portfolio |
| T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class) |
| Invesco V.I. Core Equity Fund (Series I) |
| Janus Henderson VIT Research Portfolio (Institutional Shares) |
| Janus Henderson VIT Overseas Portfolio (Institutional Shares) |
| MFS® Research Series (Initial Class) |

---

A124

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| |
|:---|
| MFS® Growth Series (Initial Class) |
| LVIP American Century Value Fund (Standard Class II) |
| Franklin Small-Mid Cap Growth VIP Fund (Class 2) |
| Davis Equity Portfolio |
| AB VPS Large Cap Growth Portfolio (Class B) |
| Janus Henderson VIT Research Portfolio (Service Shares) |
| PSF Mid-Cap Growth Portfolio (Class I)\* |
| AST Cohen & Steers Realty Portfolio\* |
| AST J.P. Morgan Conservative Multi-Asset Portfolio |
| AST High Yield Portfolio\* |
| AST Large-Cap Value Portfolio |
| AST T. Rowe Price Natural Resources Portfolio\* |
| AST MFS Global Equity Portfolio\* |
| AST Aggressive Asset Allocation Portfolio (formerly AST Capital Growth Asset Allocation Portfolio) |
| AST Multi-Asset Diversified Plus Portfolio (formerly AST Academic Strategies Asset Allocation Portfolio) |
| AST Balanced Asset Allocation Portfolio |
| AST Preservation Asset Allocation Portfolio |
| AST PGIM Aggressive Multi-Asset Portfolio (formerly AST Prudential Growth Allocation Portfolio) |
| AST Multi-Asset Diversified Portfolio (formerly AST Advanced Strategies Portfolio) |
| AST Large-Cap Growth Portfolio |
| AST Government Money Market Portfolio |
| AST Small-Cap Equity Portfolio |
| AST International Equity Portfolio |
| AST Investment Grade Bond Portfolio |
| AST Core Fixed Income Portfolio |
| AST Emerging Markets Equity Portfolio\* |
| AST J.P. Morgan Moderate Multi-Asset Portfolio |
| ProFund VP Consumer Discretionary |
| ProFund VP Consumer Staples |
| ProFund VP Financials |
| ProFund VP Health Care |
| ProFund VP Industrials |
| ProFund VP Mid-Cap Growth |
| ProFund VP Mid-Cap Value |
| ProFund VP Real Estate |
| ProFund VP Small-Cap Growth |
| ProFund VP Small-Cap Value |
| ProFund VP Communication Services |
| ProFund VP Utilities |
| ProFund VP Large-Cap Growth |
| ProFund VP Large-Cap Value |
| Allspring VT Discovery All Cap Growth Fund (Class 1) |
| Allspring VT Small Cap Growth Fund (Class 1) |
| AST Quantitative Modeling Portfolio |

---

A125

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| |
|:---|
| Allspring VT Opportunity Fund (Class 1) |
| AST ClearBridge Dividend Growth Portfolio\* |
| AST Multi-Sector Fixed Income Portfolio |
| AST Large-Cap Equity Portfolio (formerly AST Large-Cap Core Portfolio) |
| AST Bond Portfolio 2025\*\* |
| AST J.P. Morgan Aggressive Multi-Asset Portfolio |
| AST Bond Portfolio 2026 |
| AST Global Bond Portfolio\* |
| BlackRock Global Allocation V.I. Fund (Class III) |
| AST Bond Portfolio 2027 |
| NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (formerly NVIT Emerging Markets Fund (Class D)) |
| AST Bond Portfolio 2028 |
| AST Bond Portfolio 2029 |
| AST Bond Portfolio 2030 |
| AST Bond Portfolio 2031 |
| Fidelity® VIP Contrafund℠ Portfolio (Initial Class) |
| Fidelity® VIP Growth Opportunities Portfolio (Initial Class) |
| Fidelity® VIP Growth Portfolio (Initial Class) |
| Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) |
| MFS® New Discovery Series (Initial Class) |
| MFS® Total Return Series (Initial Class) |
| MFS® Total Return Bond Series (Initial Class) |
| Vanguard VIF Equity Index Portfolio¹ |
| Vanguard VIF Global Bond Index Portfolio¹ |
| Vanguard VIF Mid-Cap Index Portfolio¹ |
| Vanguard VIF Real Estate Index Portfolio¹ |
| Vanguard VIF Total Bond Market Index Portfolio¹ |
| Vanguard VIF Total International Stock Market Index Portfolio¹ |
| Vanguard VIF Total Stock Market Index Portfolio¹ |
| Vanguard VIF Balanced Portfolio¹ |
| Vanguard VIF Conservative Allocation Portfolio¹ |
| Vanguard VIF Growth Portfolio¹ |
| Vanguard VIF High Yield Bond Portfolio¹ |
| Vanguard VIF Moderate Allocation Portfolio¹ |
| Vanguard VIF Short-Term Investment Grade Portfolio¹ |
| American Funds IS® Asset Allocation Fund (Class 1)² |
| American Funds IS® Washington Mutual Investors Fund (Class 1)² |
| American Funds IS® The Bond Fund of America (Class 1)² |
| American Funds IS® Growth Fund (Class 1)² |
| American Funds IS® Growth-Income Fund (Class 1)² |
| American Funds IS® U.S. Government Securities Fund (Class 1)² |
| BlackRock Basic Value V.I. Fund (Class I) |
| BlackRock Capital Appreciation V.I. Fund (Class I) |
| BlackRock Equity Dividend V.I. Fund (Class I) |

---

A126

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| |
|:---|
| BlackRock Global Allocation V.I. Fund (Class I) |
| Dimensional VA Global Bond Portfolio |
| Dimensional VA Short-Term Fixed Portfolio |
| Dimensional VA U.S. Large Value Portfolio |
| Dimensional VA U.S. Targeted Value Portfolio |
| Fidelity® VIP Balanced Portfolio (Initial Class) |
| Fidelity® VIP Consumer Discretionary Portfolio (Initial Class) |
| Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class) |
| Fidelity® VIP Emerging Markets Portfolio (Initial Class) |
| Fidelity® VIP Financials Portfolio (Initial Class) |
| Fidelity® VIP Floating Rate High Income Portfolio (Initial Class) |
| Fidelity® VIP Health Care Portfolio (Initial Class) |
| Fidelity® VIP Industrials Portfolio (Initial Class) |
| Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) |
| Fidelity® VIP Mid Cap Portfolio (Initial Class) |
| Fidelity® VIP Strategic Income Portfolio (Initial Class) |
| Fidelity® VIP Technology Portfolio (Initial Class) |
| Fidelity® VIP Utilities Portfolio (Initial Class) |
| ClearBridge Variable Mid Cap Portfolio (Class I) |
| ClearBridge Variable Small Cap Growth Portfolio (Class I) |
| Western Asset Core Plus VIT Portfolio (Class I) |
| Western Asset Variable Global High Yield Bond Portfolio (Class I) |
| MFS® Mid Cap Growth Series (Initial Class) |
| MFS® International Intrinsic Value Portfolio (Initial Class) |
| MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class) |
| MFS® International Growth Portfolio (Service Class) |
| MFS® Massachusetts Investors Growth Stock Portfolio (Service Class) |
| MFS® Technology Portfolio (Service Class) |
| MFS® Investors Trust Series (Service Class) |
| MFS® Mid Cap Growth Series (Service Class) |
| MFS® New Discovery Series (Service Class) |
| MFS® Research Series (Service Class) |
| MFS® Total Return Bond Series (Service Class) |
| MFS® Total Return Series (Service Class) |
| MFS® Utilities Series (Service Class) |
| Fidelity® VIP Contrafund℠ Portfolio (Service Class 2) |
| American Funds IS® Asset Allocation Fund (Class 4)² |
| American Funds IS® Washington Mutual Investors Fund (Class 4)² |
| American Funds IS® The Bond Fund of America (Class 4)² |
| American Funds IS® Capital World Growth and Income Fund (Class 4)² |
| American Funds IS® Global Small Capitalization Fund (Class 4)² |
| American Funds IS® Growth Fund (Class 4)² |
| American Funds IS® Growth-Income Fund (Class 4)² |
| American Funds IS® International Fund (Class 4)² |

---

A127

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| |
|:---|
| American Funds IS® New World Fund (Class 4)² |
| BlackRock Advantage Large Cap Core V.I. Fund (Class III) |
| BlackRock Advantage Large Cap Value V.I. Fund (Class III) |
| BlackRock Basic Value V.I. Fund (Class III) |
| BlackRock Capital Appreciation V.I. Fund (Class III) |
| BlackRock Equity Dividend V.I. Fund (Class III) |
| BlackRock Large Cap Focus Growth V.I. Fund (Class III) |
| Fidelity® VIP Balanced Portfolio (Service Class 2) |
| Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) |
| Fidelity® VIP Health Care Portfolio (Service Class 2) |
| AST Bond Portfolio 2032 |
| PSF Global Portfolio (Class III) |
| PSF Mid-Cap Growth Portfolio (Class III)\* |
| PSF Natural Resources Portfolio (Class III)\* |
| PSF PGIM 50/50 Balanced Portfolio (Class III) |
| PSF PGIM Flexible Managed Portfolio (Class III) |
| PSF PGIM Government Income Portfolio (Class III)\* |
| PSF PGIM High Yield Bond Portfolio (Class III) |
| PSF PGIM Jennison Blend Portfolio (Class III) |
| PSF PGIM Jennison Growth Portfolio (Class III) |
| PSF PGIM Jennison Value Portfolio (Class III) |
| PSF PGIM Total Return Bond Portfolio (Class III) |
| PSF Small-Cap Stock Index Portfolio (Class III) |
| PSF Stock Index Portfolio (Class III) |
| PSF PGIM Government Income Portfolio (Class I)\* |
| Fidelity® VIP High Income Portfolio (Initial Class) |
| MFS® Investors Trust Series (Initial Class) |
| MFS® Utilities Series (Initial Class) |
| MFS® Value Series (Initial Class) |
| Vanguard VIF Capital Growth Portfolio¹ |
| Vanguard VIF Diversified Value Portfolio¹ |
| Vanguard VIF Equity Income Portfolio¹ |
| Vanguard VIF International Portfolio¹ |
| American Funds IS® Ultra-Short Bond Fund (Class 1)² |
| BlackRock Advantage Large Cap Core V.I. Fund (Class I) |
| BlackRock Large Cap Focus Growth V.I. Fund (Class I) |
| Dimensional VA Global Moderate Allocation Portfolio |
| Dimensional VA International Small Portfolio |
| Dimensional VA International Value Portfolio |
| ClearBridge Variable Appreciation Portfolio (Class I) |
| ClearBridge Variable Dividend Strategy Portfolio (Class I) |
| ClearBridge Variable Large Cap Growth Portfolio (Class I) |
| Franklin Multi-Asset Variable Conservative Growth Fund (Class I) |
| Franklin Multi-Asset Variable Growth Fund (Class I) |

---

A128

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| |
|:---|
| MFS® Technology Portfolio (Initial Class) |
| MFS® Value Series (Service Class) |
| PSF PGIM Government Money Market Portfolio (Class III) |
| AST Bond Portfolio 2033 |
| Franklin Multi-Asset Variable Moderate Growth Fund (Class I) |
| AST Bond Portfolio 2034 |
| AST Bond Portfolio 2035 |
| AST Bond Portfolio 2036 |
| ClearBridge Variable Growth Portfolio (Class I)\*\*\* |

---

---

| | |
|:---|:---|
| ¹ | VIF - Variable Insurance Funds |
| ² | IS - Insurance Series |
| \* | Subaccount merged during the period ended December 31, 2025. |
| \*\* | Subaccount liquidated during the period ended December 31, 2025. |
| \*\*\* | Subaccount was available for investment but had no assets as of December 31, 2025, and had no activity during 2025. |

---

The following table sets forth the dates at which mergers took place in the Account. The transfers from the removed subaccounts to the surviving subaccounts for the period ended December 31, 2025 are reflected in the Statements of Changes in Net Assets as net transfers between subaccounts and purchases and sales in Note 5.

---

| | | |
|:---|:---|:---|
| **<u>Merger Date</u>** | **<u>Removed Portfolio</u>** | **<u>Surviving Portfolio</u>** |
| January 10, 2025 | AST Emerging Markets Equity Portfolio | AST International Equity Portfolio |
| January 24, 2025 | AST Cohen & Steers Realty Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST T. Rowe Price Natural Resources Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST MFS Global Equity Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST ClearBridge Dividend Growth Portfolio | AST Large-Cap Equity Portfolio |
| February 7, 2025 | AST High Yield Portfolio | AST Core Fixed Income Portfolio |
| February 7, 2025 | AST Global Bond Portfolio | AST Core Fixed Income Portfolio |
| April 11, 2025 | PSF Natural Resources Portfolio (Class I) | PSF PGIM Jennison Blend Portfolio (Class I) |
| April 11, 2025 | PSF Mid-Cap Growth Portfolio (Class I) | PSF PGIM Jennison Growth Portfolio (Class I) |
| April 11, 2025 | PSF Mid-Cap Growth Portfolio (Class III) | PSF PGIM Jennison Growth Portfolio (Class III) |
| April 11, 2025 | PSF Natural Resources Portfolio (Class III) | PSF PGIM Jennison Blend Portfolio (Class III) |
| April 25, 2025 | PSF PGIM Government Income Portfolio (Class III) | PSF PGIM Total Return Bond Portfolio (Class III) |
| April 25, 2025 | PSF PGIM Government Income Portfolio (Class I) | PSF PGIM Total Return Bond Portfolio (Class I) |

---

New sales of certain products which invest in the Account have been discontinued. However, premium payments made by contract owners will continue to be received by the Account, subject to the rules of the products and any optional benefits, if elected.

The Portfolios are open-end management investment companies, and each portfolio of The Prudential Series Fund and the Advanced Series Trust is managed by affiliates of Prudential. Each subaccount of the Account indirectly bears exposure to risks which may be interrelated and include, but are not limited to, the market, credit and liquidity risks of the portfolio in which it invests. These financial statements should be read in conjunction with the financial statements and footnotes of the Portfolios. Additional information on these Portfolios is available upon request to the appropriate companies.

The Account is an independent accounting entity established by the resolution of the insurance company's board of directors or trustees to engage in a single line of business for the insurance company's variable contracts. The Account is comprised of multiple subaccounts to invest in its specific corresponding Portfolio. Each subaccount of the Account constitutes a single reportable segment because its separate financial information is available, regularly evaluated and used by the chief operating decision maker ("CODM") to measure the segment's performance, and also to assess the

A129

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

allocation of resources across the segments. The accounting policies of the segments is the same as those described in Note 2: *Significant Accounting Policies*.

The Account's CODM is a group of executives that include the chief financial officer, the life company investment committee and the business leaders associated with each Account. Overall business decisions for the Account are made by this group of executives, including the investment strategy, capital allocation and expense structure of each subaccount, in accordance with the contract and applicable regulations. The measure of segment profit or loss is reported on the Statements of Operations as "Net Increase (Decrease) in Net Assets Resulting from Operations" and the measure of segment assets is reported as "Net Assets" on the Statements of Net Assets. Due to the nature of the business, the segment's significant expenses are charges for mortality and expense risk, charges for administration and/or reimbursement for excess expenses which are reported separately on the Statements of Operations and/or Statements of Changes in Net Assets.

**Note 2: &nbsp;&nbsp;&nbsp;&nbsp;Significant Accounting Policies**

The Account is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946, *Financial Services-Investment Companies*, which is part of the generally accepted accounting principles in the United States of America ("GAAP"). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of investments in the Portfolios. Subsequent events have been evaluated through the date these financial statements were issued, and no adjustment or disclosure is required in the financial statements.

<u>Investments</u> - The investments in shares of the Portfolios are stated at the reported net asset value per share of the respective Portfolios, which is based on the fair value of the underlying securities in the respective Portfolios. All changes in fair value are recorded as net change in unrealized appreciation (depreciation) on investments in the Statements of Operations of the applicable subaccounts.

<u>Security Transactions</u> - Purchase and sale transactions are recorded as of the trade date of the security being purchased or sold. Realized gains and losses on security transactions are determined based upon the average cost method.

<u>Dividend Income and Distributions Received</u> - Dividend and capital gain distributions received are reinvested in additional shares of the Portfolios and are recorded on the ex-distribution date.

**Note 3:&nbsp;&nbsp;&nbsp;&nbsp;Fair Value Measurements**

Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows:

Level 1 - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities that the Account can access.

Level 2 - Fair value is based on significant inputs, other than Level 1 inputs, that are observable for the investment, either directly or indirectly, for substantially the full term of the investment through corroboration with observable market data. Level 2 inputs include the reported net asset value per share of the underlying portfolio, quoted market prices in active markets for similar investments, quoted market prices in markets that are not active for identical or similar investments, and other market observable inputs.

A130

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

Level 3 - Fair value is based on at least one significant unobservable input for the investment, which may require significant judgment or estimation in determining the fair value.

As of December 31, 2025, management determined that the fair value inputs for all of the Account's investments, which consist solely of investments in open-end mutual funds registered with the SEC, were considered Level 2.

**Note 4:&nbsp;&nbsp;&nbsp;&nbsp;Taxes**

Pruco Life is taxed as a "life insurance company" as defined by the Internal Revenue Code. The results of operations of the Account form a part of Prudential Financial's consolidated federal tax return. No federal, state or local income taxes are payable by the Account. As such, no provision for tax liability has been recorded in these financial statements. Prudential management will review periodically the status of the policy in the event of changes in the tax law.

**Note 5:&nbsp;&nbsp;&nbsp;&nbsp;Purchases and Sales of Investments**

The aggregate costs of purchases and proceeds from sales, excluding distributions received and reinvested, of investments in the Portfolios for the period ended December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| PSF PGIM Government Money Market Portfolio (Class I) | $17064127 | $27598279 |
| PSF PGIM Total Return Bond Portfolio (Class I) | 2054187 | 15473346 |
| PSF PGIM Jennison Blend Portfolio (Class I) | 3816669 | 31378392 |
| PSF PGIM Flexible Managed Portfolio (Class I) | 21412 | 1373257 |
| PSF PGIM 50/50 Balanced Portfolio (Class I) | 588934 | 1786973 |
| PSF PGIM Jennison Value Portfolio (Class I) | 2198924 | 35563738 |
| PSF PGIM High Yield Bond Portfolio (Class I) | 1232596 | 16267516 |
| PSF Natural Resources Portfolio (Class I) | 34948 | 2663013 |
| PSF Stock Index Portfolio (Class I) | 6958293 | 93277662 |
| PSF Global Portfolio (Class I) | 714095 | 8009943 |
| PSF PGIM Jennison Growth Portfolio (Class I) | 56314950 | 74676612 |
| PSF Small-Cap Stock Index Portfolio (Class I) | 3522516 | 22108038 |
| T. Rowe Price International Stock Portfolio | 94984 | 2130539 |
| T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class) | 147637 | 7831135 |
| Invesco V.I. Core Equity Fund (Series I) | 401449 | 10498344 |
| Janus Henderson VIT Research Portfolio (Institutional Shares) | 862827 | 10329524 |
| Janus Henderson VIT Overseas Portfolio (Institutional Shares) | 245402 | 7313058 |
| MFS® Research Series (Initial Class) | 78840 | 2225769 |
| MFS® Growth Series (Initial Class) | 441376 | 13612144 |
| LVIP American Century Value Fund (Standard Class II) | 1013713 | 3221326 |
| Franklin Small-Mid Cap Growth VIP Fund (Class 2) | 383637 | 3259393 |
| Davis Equity Portfolio | 28277 | 3058831 |
| AB VPS Large Cap Growth Portfolio (Class B) | 507975 | 1956572 |
| Janus Henderson VIT Research Portfolio (Service Shares) | 705749 | 1704126 |
| PSF Mid-Cap Growth Portfolio (Class I) | 1314845 | 60182821 |
| AST Cohen & Steers Realty Portfolio | 2285132 | 177428808 |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | 209918439 | 701244745 |
| AST High Yield Portfolio | 799555 | 135075191 |
| AST Large-Cap Value Portfolio | 51272702 | 256063190 |
| AST T. Rowe Price Natural Resources Portfolio | 1363145 | 123849602 |
| AST MFS Global Equity Portfolio | 1751356 | 280250578 |

---

A131

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| AST Aggressive Asset Allocation Portfolio | $272154907 | $1826588053 |
| AST Multi-Asset Diversified Plus Portfolio | 139042776 | 347825982 |
| AST Balanced Asset Allocation Portfolio | 328147036 | 3778008475 |
| AST Preservation Asset Allocation Portfolio | 207035708 | 587321230 |
| AST PGIM Aggressive Multi-Asset Portfolio | 611259112 | 2449740830 |
| AST Multi-Asset Diversified Portfolio | 68511798 | 900027087 |
| AST Large-Cap Growth Portfolio | 80742792 | 533451155 |
| AST Government Money Market Portfolio | 352239818 | 401845922 |
| AST Small-Cap Equity Portfolio | 50711248 | 120190542 |
| AST International Equity Portfolio | 164267331 | 163951581 |
| AST Investment Grade Bond Portfolio | 4853725737 | 6207881878 |
| AST Core Fixed Income Portfolio | 465732788 | 477281281 |
| AST Emerging Markets Equity Portfolio | 392968 | 126922237 |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | 61767999 | 356010206 |
| ProFund VP Consumer Discretionary | 80241 | 132947 |
| ProFund VP Consumer Staples | 64704 | 61451 |
| ProFund VP Financials | 195571 | 248173 |
| ProFund VP Health Care | 336524 | 540780 |
| ProFund VP Industrials | 51537 | 162463 |
| ProFund VP Mid-Cap Growth | 190762 | 178114 |
| ProFund VP Mid-Cap Value | 208519 | 88411 |
| ProFund VP Real Estate | 24163 | 23305 |
| ProFund VP Small-Cap Growth | 89285 | 94097 |
| ProFund VP Small-Cap Value | 78819 | 83348 |
| ProFund VP Communication Services | 36659 | 65495 |
| ProFund VP Utilities | 63509 | 124439 |
| ProFund VP Large-Cap Growth | 109834 | 307255 |
| ProFund VP Large-Cap Value | 328479 | 192363 |
| Allspring VT Discovery All Cap Growth Fund (Class 1) | 16408 | 91019 |
| Allspring VT Small Cap Growth Fund (Class 1) | 6 | 4742 |
| AST Quantitative Modeling Portfolio | 4626241 | 237583249 |
| Allspring VT Opportunity Fund (Class 1) |  | 219788 |
| AST ClearBridge Dividend Growth Portfolio | 1172912 | 190665866 |
| AST Multi-Sector Fixed Income Portfolio | 34002551 | 1380152162 |
| AST Large-Cap Equity Portfolio | 814922604 | 220962000 |
| AST Bond Portfolio 2025 | 11892861 | 31484828 |
| AST J.P. Morgan Aggressive Multi-Asset Portfolio | 463732073 | 977496408 |
| AST Bond Portfolio 2026 | 15713784 | 10236305 |
| AST Global Bond Portfolio | 1783673 | 147594919 |
| BlackRock Global Allocation V.I. Fund (Class III) | 3431844 | 10437678 |
| AST Bond Portfolio 2027 | 1964186 | 2717241 |
| NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) | 296394 | 765198 |
| AST Bond Portfolio 2028 | 289374 | 3297027 |
| AST Bond Portfolio 2029 | 10833 | 786305 |
| AST Bond Portfolio 2030 | 1143089 | 3624353 |
| AST Bond Portfolio 2031 | 8849319 | 14418767 |
| Fidelity® VIP Contrafund℠ Portfolio (Initial Class) | 250683 | 1170995 |

---

A132

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| Fidelity® VIP Growth Opportunities Portfolio (Initial Class) | $226384 | $823922 |
| Fidelity® VIP Growth Portfolio (Initial Class) | 749722 | 1632038 |
| Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) | 181209 | 690763 |
| MFS® New Discovery Series (Initial Class) | 797154 | 1220690 |
| MFS® Total Return Series (Initial Class) | 797737 | 904292 |
| MFS® Total Return Bond Series (Initial Class) | 1032842 | 1082885 |
| Vanguard VIF Equity Index Portfolio | 443109 | 306049 |
| Vanguard VIF Global Bond Index Portfolio | 62737 | 32993 |
| Vanguard VIF Mid-Cap Index Portfolio | 330033 | 280083 |
| Vanguard VIF Real Estate Index Portfolio | 290586 | 344731 |
| Vanguard VIF Total Bond Market Index Portfolio | 1616792 | 926224 |
| Vanguard VIF Total International Stock Market Index Portfolio | 388907 | 897564 |
| Vanguard VIF Total Stock Market Index Portfolio | 108207 | 402194 |
| Vanguard VIF Balanced Portfolio | 154786 | 218125 |
| Vanguard VIF Conservative Allocation Portfolio | 11242 | 12336 |
| Vanguard VIF Growth Portfolio | 32265 | 96430 |
| Vanguard VIF High Yield Bond Portfolio | 19318 | 58917 |
| Vanguard VIF Moderate Allocation Portfolio | 2431 | 248336 |
| Vanguard VIF Short-Term Investment Grade Portfolio | 449436 | 364591 |
| American Funds IS® Asset Allocation Fund (Class 1) | 2481153 | 3287140 |
| American Funds IS® Washington Mutual Investors Fund (Class 1) | 1310924 | 1335353 |
| American Funds IS® The Bond Fund of America (Class 1) | 212767 | 1194749 |
| American Funds IS® Growth Fund (Class 1) | 861066 | 1553232 |
| American Funds IS® Growth-Income Fund (Class 1) | 584677 | 3088305 |
| American Funds IS® U.S. Government Securities Fund (Class 1) | 55075 | 292930 |
| BlackRock Basic Value V.I. Fund (Class I) | 123070 | 384643 |
| BlackRock Capital Appreciation V.I. Fund (Class I) | 13488 | 445643 |
| BlackRock Equity Dividend V.I. Fund (Class I) | 16927 | 2716668 |
| BlackRock Global Allocation V.I. Fund (Class I) | 606226 | 408323 |
| Dimensional VA Global Bond Portfolio | 70512 | 87375 |
| Dimensional VA Short-Term Fixed Portfolio | 149131 | 129510 |
| Dimensional VA U.S. Large Value Portfolio | 61570 | 193125 |
| Dimensional VA U.S. Targeted Value Portfolio | 371204 | 429228 |
| Fidelity® VIP Balanced Portfolio (Initial Class) | 918026 | 1167351 |
| Fidelity® VIP Consumer Discretionary Portfolio (Initial Class) | 930 | 2421 |
| Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class) | 389353 | 208367 |
| Fidelity® VIP Emerging Markets Portfolio (Initial Class) | 467671 | 801985 |
| Fidelity® VIP Financials Portfolio (Initial Class) | 5775 | 62568 |
| Fidelity® VIP Floating Rate High Income Portfolio (Initial Class) | 105165 | 1273492 |
| Fidelity® VIP Health Care Portfolio (Initial Class) | 18525 | 141033 |
| Fidelity® VIP Industrials Portfolio (Initial Class) | 4578 | 5601 |
| Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) | 160904 | 1272157 |
| Fidelity® VIP Mid Cap Portfolio (Initial Class) | 909719 | 932837 |
| Fidelity® VIP Strategic Income Portfolio (Initial Class) | 236775 | 659225 |
| Fidelity® VIP Technology Portfolio (Initial Class) | 74942 | 631865 |
| Fidelity® VIP Utilities Portfolio (Initial Class) | 25515 | 369874 |
| ClearBridge Variable Mid Cap Portfolio (Class I) | 35974 | 60736 |

---

A133

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| ClearBridge Variable Small Cap Growth Portfolio (Class I) | $203645 | $365961 |
| Western Asset Core Plus VIT Portfolio (Class I) | 254322 | 2426122 |
| Western Asset Variable Global High Yield Bond Portfolio (Class I) | 337968 | 346071 |
| MFS® Mid Cap Growth Series (Initial Class) | 490123 | 1309514 |
| MFS® International Intrinsic Value Portfolio (Initial Class) | 21594 | 698795 |
| MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class) | 3792 | 26541 |
| MFS® International Growth Portfolio (Service Class) | 5326629 | 2853062 |
| MFS® Massachusetts Investors Growth Stock Portfolio (Service Class) | 436086 | 436969 |
| MFS® Technology Portfolio (Service Class) | 3281978 | 4851110 |
| MFS® Investors Trust Series (Service Class) | 98147 | 157272 |
| MFS® Mid Cap Growth Series (Service Class) | 2739160 | 1922315 |
| MFS® New Discovery Series (Service Class) | 391489 | 742314 |
| MFS® Research Series (Service Class) | 155618 | 115049 |
| MFS® Total Return Bond Series (Service Class) | 10469917 | 8234244 |
| MFS® Total Return Series (Service Class) | 9250040 | 6832223 |
| MFS® Utilities Series (Service Class) | 1926379 | 1438766 |
| Fidelity® VIP Contrafund℠ Portfolio (Service Class 2) | 8694594 | 3546671 |
| American Funds IS® Asset Allocation Fund (Class 4) | 7054835 | 5722566 |
| American Funds IS® Washington Mutual Investors Fund (Class 4) | 3040631 | 2298023 |
| American Funds IS® The Bond Fund of America (Class 4) | 3481070 | 1514181 |
| American Funds IS® Capital World Growth and Income Fund (Class 4) | 2298140 | 1144846 |
| American Funds IS® Global Small Capitalization Fund (Class 4) | 714113 | 289980 |
| American Funds IS® Growth Fund (Class 4) | 12994512 | 6062907 |
| American Funds IS® Growth-Income Fund (Class 4) | 4366005 | 2748342 |
| American Funds IS® International Fund (Class 4) | 1556292 | 440556 |
| American Funds IS® New World Fund (Class 4) | 990838 | 751760 |
| BlackRock Advantage Large Cap Core V.I. Fund (Class III) | 1912690 | 1606407 |
| BlackRock Advantage Large Cap Value V.I. Fund (Class III) | 1400152 | 1853250 |
| BlackRock Basic Value V.I. Fund (Class III) | 1066719 | 572160 |
| BlackRock Capital Appreciation V.I. Fund (Class III) | 1183260 | 587198 |
| BlackRock Equity Dividend V.I. Fund (Class III) | 1543195 | 822471 |
| BlackRock Large Cap Focus Growth V.I. Fund (Class III) | 1480323 | 1840755 |
| Fidelity® VIP Balanced Portfolio (Service Class 2) | 4669282 | 5988625 |
| Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) | 7181107 | 7981425 |
| Fidelity® VIP Health Care Portfolio (Service Class 2) | 1290010 | 1799621 |
| AST Bond Portfolio 2032 | 3817172 | 8849170 |
| PSF Global Portfolio (Class III) | 541420 | 439956 |
| PSF Mid-Cap Growth Portfolio (Class III) | 1253236 | 3039072 |
| PSF Natural Resources Portfolio (Class III) | 715132 | 16350316 |
| PSF PGIM 50/50 Balanced Portfolio (Class III) | 2142522 | 1274223 |
| PSF PGIM Flexible Managed Portfolio (Class III) | 2112020 | 45917434 |
| PSF PGIM Government Income Portfolio (Class III) | 1007379 | 3146803 |
| PSF PGIM High Yield Bond Portfolio (Class III) | 2911146 | 2673582 |
| PSF PGIM Jennison Blend Portfolio (Class III) | 15859344 | 2949296 |
| PSF PGIM Jennison Growth Portfolio (Class III) | 5602312 | 3764152 |
| PSF PGIM Jennison Value Portfolio (Class III) | 2172197 | 897703 |
| PSF PGIM Total Return Bond Portfolio (Class III) | 10351440 | 4380996 |

---

A134

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| PSF Small-Cap Stock Index Portfolio (Class III) | $3219947 | $1840695 |
| PSF Stock Index Portfolio (Class III) | 13001529 | 6061653 |
| PSF PGIM Government Income Portfolio (Class I) | 3681 | 494490 |
| Fidelity® VIP High Income Portfolio (Initial Class) | 15695 | 204467 |
| MFS® Investors Trust Series (Initial Class) | 11520 | 141294 |
| MFS® Utilities Series (Initial Class) | 7670 | 307330 |
| MFS® Value Series (Initial Class) | 105106 | 293983 |
| Vanguard VIF Capital Growth Portfolio | 316026 | 499407 |
| Vanguard VIF Diversified Value Portfolio | 126324 | 720334 |
| Vanguard VIF Equity Income Portfolio | 118433 | 144900 |
| Vanguard VIF International Portfolio | 110028 | 506662 |
| American Funds IS® Ultra-Short Bond Fund (Class 1) | 70262 | 820013 |
| BlackRock Advantage Large Cap Core V.I. Fund (Class I) | 216936 | 629950 |
| BlackRock Large Cap Focus Growth V.I. Fund (Class I) | 38633 | 347961 |
| Dimensional VA Global Moderate Allocation Portfolio | 5722 | 18452 |
| Dimensional VA International Small Portfolio | 252109 | 232657 |
| Dimensional VA International Value Portfolio | 549960 | 612745 |
| ClearBridge Variable Appreciation Portfolio (Class I) | 8475 | 233609 |
| ClearBridge Variable Dividend Strategy Portfolio (Class I) | 27376 | 266976 |
| ClearBridge Variable Large Cap Growth Portfolio (Class I) | 18920 | 104983 |
| Franklin Multi-Asset Variable Conservative Growth Fund (Class I) |  | 2475 |
| Franklin Multi-Asset Variable Growth Fund (Class I) | 81937 | 100703 |
| MFS® Technology Portfolio (Initial Class) | 21101 | 197488 |
| MFS® Value Series (Service Class) | 12702455 | 11347285 |
| PSF PGIM Government Money Market Portfolio (Class III) | 401276908 | 346568121 |
| AST Bond Portfolio 2033 |  | 1749 |
| Franklin Multi-Asset Variable Moderate Growth Fund (Class I) | 5803 | 42195 |
| AST Bond Portfolio 2034 | 17850818 | 15027701 |
| AST Bond Portfolio 2035 | 3840184 | 2879462 |
| AST Bond Portfolio 2036 | 564670 | 23491 |

---

**Note 6:&nbsp;&nbsp;&nbsp;&nbsp;Related Party Transactions**

The Account has extensive transactions and relationships with Prudential and other affiliates. Due to these relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among wholly unrelated parties. Prudential Financial and its affiliates perform various services on behalf of the portfolios of The Prudential Series Fund and the Advanced Series Trust in which the Account invests and may receive fees for the services performed. These services include, among other things, investment management, subadvisory, shareholder communications, postage, transfer agency and various other record keeping, administrative and customer service functions.

The Prudential Series Fund has entered into a management agreement with PGIM Investments LLC ("PGIM Investments"), and the Advanced Series Trust has entered into a management agreement with PGIM Investments and AST Investment Services, Inc., both indirect, wholly-owned subsidiaries of Prudential Financial (together, the "Investment Managers"). Pursuant to these agreements, the Investment Managers have responsibility for all investment advisory services and supervise the subadvisers' performance of such services with respect to each portfolio of The Prudential Series Fund and the Advanced Series Trust. The Investment Managers have entered into subadvisory agreements with several subadvisers, including PGIM, Inc., PGIM Limited, Jennison Associates LLC, and PGIM

A135

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

Quantitative Solutions LLC, each of which are indirect, wholly-owned subsidiaries of Prudential Financial.

The Prudential Series Fund has a distribution agreement with Prudential Investment Management Services LLC ("PIMS"), an indirect, wholly-owned subsidiary of Prudential Financial, which acts as the distributor of the Class I and Class II shares of the portfolios of The Prudential Series Fund. No distribution or service (12b-1) fees are paid to PIMS as distributor of the Class I shares of the portfolios of The Prudential Series Fund, which is the class of shares owned by the Account.

The Advanced Series Trust has a distribution agreement with Prudential Annuities Distributors, Inc. ("PAD"), an indirect, wholly-owned subsidiary of Prudential Financial, which acts as the distributor of the shares of each portfolio of the Advanced Series Trust. Distribution and service fees are paid to PAD by most portfolios of the Advanced Series Trust.

Prudential Mutual Fund Services LLC, an affiliate of the Investment Managers and an indirect, wholly-owned subsidiary of Prudential Financial, serves as the transfer agent of each portfolio of The Prudential Series Fund and the Advanced Series Trust.

Certain charges and fees of the portfolios of The Prudential Series Fund and the Advanced Series Trust may be waived and/or reimbursed by Prudential and its affiliates. Prudential and its affiliates reserve the right to discontinue these waivers/reimbursements at its discretion, subject to the contractual obligations of Prudential and its affiliates.

See The Prudential Series Fund and the Advanced Series Trust financial statements for further discussion of such expense and waiver/reimbursement arrangements. The subaccounts of the Account indirectly bear the expenses of the underlying portfolios of The Prudential Series Fund and the Advanced Series Trust in which it invests, including the related party expenses disclosed above.

**Note 7:&nbsp;&nbsp;&nbsp;&nbsp;Financial Highlights**

Pruco Life sells a number of variable annuity products that are funded through the Account. These products have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns.

In the table below, the units outstanding, the ranges of lowest to highest unit values, the net assets, the investment income ratio, expense ratios, and total returns are presented for the products offered by Pruco Life and funded through the Account. Only product designs within each subaccount that had units outstanding during the respective periods were considered when determining the ranges. The summary may not reflect the minimum and maximum contract charges as contract owners may not have selected all available contract options offered by Pruco Life.

A136

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** | **PSF PGIM Government Money Market Portfolio (Class I)** |
| December 31, 2025 | 36546 | $0.92 | $11.54 | $49159 | 3.98% | 0.25% | 2.00% | 1.98% | 3.79% |
| December 31, 2024 | 44445 | $0.90 | $11.12 | $57578 | 4.90% | 0.25% | 2.00% | 2.92% | 4.75% |
| December 31, 2023 | 46020 | $0.88 | $10.62 | $59366 | 4.76% | 0.25% | 2.10% | 2.73% | 4.62% |
| December 31, 2022 | 56003 | $0.85 | $10.15 | $72769 | 1.35% | 0.25% | 2.00% | -0.62% | 1.13% |
| December 31, 2021 | 59499 | $0.86 | $10.03 | $77044 | 0.04% | 0.25% | 2.00% | -1.98% | -0.21% |
|  | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** | **PSF PGIM Total Return Bond Portfolio (Class I)** |
| December 31, 2025 | 19813 | $2.37 | $10.42 | $71939 | 0.00% | 0.25% | 1.65% | 6.05% | 7.53% |
| December 31, 2024 | 23241 | $2.24 | $9.69 | $79627 | 0.00% | 0.25% | 1.65% | 1.32% | 2.75% |
| December 31, 2023 | 26325 | $2.21 | $9.43 | $87009 | 0.00% | 0.25% | 1.65% | 5.54% | 7.00% |
| December 31, 2022 | 29547 | $2.09 | $8.81 | $89169 | 0.00% | 0.25% | 1.65% | -16.19% | -13.58% |
| December 31, 2021 | 32077 | $2.50 | $10.37 | $99491 | 0.00% | 0.25% | 1.65% | -2.37% | -1.01% |
|  | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** | **PSF PGIM Jennison Blend Portfolio (Class I)** |
| December 31, 2025 | 17620 | $5.65 | $21.59 | $165097 | 0.00% | 0.25% | 2.00% | 16.20% | 18.23% |
| December 31, 2024 | 20655 | $4.85 | $18.26 | $164799 | 0.00% | 0.25% | 2.00% | 23.83% | 26.00% |
| December 31, 2023 | 24769 | $3.90 | $14.50 | $158934 | 0.00% | 0.25% | 2.00% | 29.93% | 32.19% |
| December 31, 2022 | 23627 | $2.99 | $10.93 | $114633 | 0.00% | 0.35% | 2.00% | -26.57% | -25.36% |
| December 31, 2021 | 27054 | $4.06 | $14.65 | $178083 | 0.00% | 0.35% | 2.00% | 18.00% | 19.93% |
|  | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** | **PSF PGIM Flexible Managed Portfolio (Class I)** |
| December 31, 2025 | 1078 | $5.82 | $16.17 | $6365 | 0.00% | 0.40% | 1.40% | 11.60% | 12.71% |
| December 31, 2024 | 1311 | $5.22 | $14.35 | $6918 | 0.00% | 0.40% | 1.40% | 13.91% | 15.05% |
| December 31, 2023 | 1557 | $4.58 | $12.47 | $7208 | 0.00% | 0.40% | 1.40% | 16.30% | 17.46% |
| December 31, 2022 | 1766 | $3.94 | $10.62 | $7019 | 0.00% | 0.40% | 1.40% | -15.88% | -15.04% |
| December 31, 2021 | 2012 | $4.68 | $12.50 | $9478 | 0.00% | 0.40% | 1.40% | 15.74% | 16.89% |
|  | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** | **PSF PGIM 50/50 Balanced Portfolio (Class I)** |
| December 31, 2025 | 1083 | $4.88 | $14.98 | $5972 | 0.00% | 0.40% | 1.40% | 10.61% | 11.71% |
| December 31, 2024 | 1398 | $4.41 | $13.41 | $6493 | 0.00% | 0.40% | 1.40% | 11.46% | 12.57% |
| December 31, 2023 | 1690 | $3.96 | $11.91 | $7168 | 0.00% | 0.40% | 1.40% | 13.86% | 14.99% |
| December 31, 2022 | 2063 | $3.47 | $10.36 | $7609 | 0.00% | 0.40% | 1.40% | -15.87% | -15.04% |
| December 31, 2021 | 2619 | $4.13 | $12.19 | $11001 | 0.00% | 0.40% | 1.40% | 11.81% | 12.92% |
|  | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** | **PSF PGIM Jennison Value Portfolio (Class I)** |
| December 31, 2025 | 19254 | $4.43 | $19.49 | $131891 | 0.00% | 0.25% | 2.00% | 14.59% | 16.58% |
| December 31, 2024 | 24348 | $3.86 | $16.72 | $144511 | 0.00% | 0.25% | 2.00% | 18.59% | 20.67% |
| December 31, 2023 | 28938 | $3.25 | $13.86 | $144223 | 0.00% | 0.25% | 2.00% | 12.95% | 14.91% |
| December 31, 2022 | 33400 | $2.88 | $12.06 | $146744 | 0.00% | 0.25% | 2.00% | -9.70% | -8.12% |
| December 31, 2021 | 39451 | $3.18 | $13.12 | $190554 | 0.00% | 0.25% | 2.00% | 25.29% | 27.47% |
|  | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** | **PSF PGIM High Yield Bond Portfolio (Class I)** |
| December 31, 2025 | 9198 | $3.32 | $23.89 | $62984 | 0.00% | 0.25% | 2.00% | 6.77% | 8.63% |
| December 31, 2024 | 11375 | $3.10 | $22.24 | $72286 | 0.00% | 0.25% | 2.00% | 6.47% | 8.34% |
| December 31, 2023 | 13048 | $2.90 | $20.77 | $78063 | 0.00% | 0.25% | 2.00% | 9.64% | 11.55% |
| December 31, 2022 | 14956 | $2.64 | $18.83 | $80619 | 0.00% | 0.25% | 2.00% | -12.98% | -11.47% |
| December 31, 2021 | 17136 | $3.02 | $21.51 | $106644 | 0.00% | 0.40% | 2.00% | 5.81% | 7.50% |
|  | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class I) (merged April 11, 2025)** |
| December 31, 2025 |  | $7.45 | $17.56 | $— | 0.00% | 0.25% | 1.40% | -6.53% | -6.24% |
| December 31, 2024 | 288 | $7.97 | $18.72 | $2796 | 0.00% | 0.25% | 1.40% | 2.93% | 4.12% |
| December 31, 2023 | 339 | $7.75 | $17.98 | $3204 | 0.00% | 0.25% | 1.40% | 0.58% | 1.73% |
| December 31, 2022 | 411 | $7.70 | $17.68 | $3825 | 0.00% | 0.25% | 1.40% | 20.36% | 21.74% |
| December 31, 2021 | 449 | $6.40 | $14.52 | $3312 | 0.00% | 0.25% | 1.40% | 23.77% | 25.19% |
|  | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** | **PSF Stock Index Portfolio (Class I)** |
| December 31, 2025 | 28616 | $4.63 | $27.25 | $362462 | 0.00% | 0.25% | 2.00% | 15.26% | 17.27% |
| December 31, 2024 | 35064 | $4.00 | $23.31 | $389026 | 0.00% | 0.25% | 2.00% | 22.19% | 24.33% |
| December 31, 2023 | 42194 | $3.27 | $18.80 | $380093 | 0.00% | 0.25% | 2.00% | 23.45% | 25.60% |
| December 31, 2022 | 48606 | $2.64 | $15.02 | $348014 | 0.00% | 0.25% | 2.00% | -19.94% | -18.54% |
| December 31, 2021 | 54884 | $3.29 | $18.49 | $480947 | 0.00% | 0.35% | 2.00% | 25.77% | 27.83% |

---

A137

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** | **PSF Global Portfolio (Class I)** |
| December 31, 2025 | 6562 | $2.93 | $18.13 | $38989 | 0.00% | 0.25% | 2.00% | 19.64% | 21.73% |
| December 31, 2024 | 7751 | $2.44 | $14.90 | $38588 | 0.00% | 0.25% | 2.00% | 12.88% | 14.86% |
| December 31, 2023 | 8912 | $2.15 | $12.97 | $38425 | 0.00% | 0.25% | 2.00% | 17.25% | 19.29% |
| December 31, 2022 | 10017 | $1.83 | $10.82 | $36493 | 0.00% | 0.40% | 2.00% | -20.39% | -19.12% |
| December 31, 2021 | 11460 | $2.29 | $13.38 | $51891 | 0.00% | 0.40% | 2.00% | 15.91% | 17.75% |
|  | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** | **PSF PGIM Jennison Growth Portfolio (Class I)** |
| December 31, 2025 | 26273 | $5.17 | $23.15 | $322065 | 0.00% | 0.25% | 2.00% | 12.03% | 13.98% |
| December 31, 2024 | 25075 | $4.60 | $20.31 | $289064 | 0.00% | 0.25% | 2.00% | 28.30% | 30.55% |
| December 31, 2023 | 29978 | $3.58 | $15.56 | $267524 | 0.00% | 0.25% | 2.00% | 50.51% | 53.12% |
| December 31, 2022 | 34683 | $2.37 | $10.16 | $203877 | 0.00% | 0.25% | 2.00% | -38.82% | -37.76% |
| December 31, 2021 | 38460 | $3.86 | $16.32 | $366145 | 0.00% | 0.25% | 2.00% | 13.73% | 15.72% |
|  | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** | **PSF Small-Cap Stock Index Portfolio (Class I)** |
| December 31, 2025 | 7528 | $7.01 | $16.25 | $86120 | 0.00% | 0.25% | 2.00% | 3.62% | 5.43% |
| December 31, 2024 | 9108 | $6.74 | $15.46 | $100336 | 0.00% | 0.25% | 2.00% | 6.22% | 8.08% |
| December 31, 2023 | 10630 | $6.32 | $14.34 | $109419 | 0.00% | 0.25% | 2.00% | 9.58% | 15.45% |
| December 31, 2022 | 6560 | $5.55 | $12.46 | $57835 | 0.00% | 0.25% | 1.95% | -18.00% | -16.58% |
| December 31, 2021 | 7400 | $6.75 | $14.98 | $78688 | 0.00% | 0.25% | 1.95% | 23.88% | 26.02% |
|  | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** | **T. Rowe Price International Stock Portfolio** |
| December 31, 2025 | 3797 | $1.94 | $2.74 | $10189 | 1.83% | 1.35% | 1.65% | 16.49% | 16.84% |
| December 31, 2024 | 4532 | $1.67 | $2.35 | $10439 | 0.91% | 1.35% | 1.65% | 1.57% | 1.87% |
| December 31, 2023 | 4959 | $1.64 | $2.31 | $11250 | 0.94% | 1.35% | 1.65% | 14.36% | 14.69% |
| December 31, 2022 | 5771 | $1.43 | $2.01 | $11441 | 0.75% | 1.35% | 1.65% | -17.18% | -16.93% |
| December 31, 2021 | 6394 | $1.73 | $2.42 | $15280 | 0.55% | 1.35% | 1.65% | -0.33% | -0.03% |
|  | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** | **T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class)** |
| December 31, 2025 | 4691 | $4.42 | $7.09 | $33247 | 1.61% | 1.35% | 1.65% | 12.51% | 12.84% |
| December 31, 2024 | 5784 | $3.93 | $6.29 | $36326 | 1.80% | 1.35% | 1.65% | 9.88% | 10.21% |
| December 31, 2023 | 6798 | $3.57 | $5.71 | $38720 | 2.07% | 1.35% | 1.65% | 7.77% | 8.09% |
| December 31, 2022 | 7927 | $3.32 | $5.28 | $41775 | 1.84% | 1.35% | 1.65% | -4.91% | -4.63% |
| December 31, 2021 | 9163 | $3.49 | $5.54 | $50667 | 1.55% | 1.35% | 1.65% | 23.51% | 23.88% |
|  | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** | **Invesco V.I. Core Equity Fund (Series I)** |
| December 31, 2025 | 6968 | $3.39 | $6.69 | $46028 | 0.63% | 1.35% | 1.65% | 14.28% | 14.62% |
| December 31, 2024 | 8530 | $2.97 | $5.84 | $49199 | 0.67% | 1.35% | 1.65% | 23.56% | 23.93% |
| December 31, 2023 | 10152 | $2.40 | $4.71 | $46866 | 0.71% | 1.35% | 1.65% | 21.37% | 21.73% |
| December 31, 2022 | 11898 | $1.98 | $3.87 | $45050 | 0.89% | 1.35% | 1.65% | -21.83% | -21.60% |
| December 31, 2021 | 13691 | $2.53 | $4.94 | $66311 | 0.65% | 1.35% | 1.65% | 25.67% | 26.04% |
|  | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** | **Janus Henderson VIT Research Portfolio (Institutional Shares)** |
| December 31, 2025 | 5196 | $4.67 | $10.05 | $51084 | 0.12% | 1.35% | 1.65% | 16.47% | 16.81% |
| December 31, 2024 | 6183 | $4.01 | $8.61 | $52097 | 0.03% | 1.35% | 1.65% | 33.10% | 33.50% |
| December 31, 2023 | 7289 | $3.01 | $6.45 | $46056 | 0.14% | 1.35% | 1.65% | 40.85% | 41.27% |
| December 31, 2022 | 8516 | $2.14 | $4.57 | $38149 | 0.70% | 1.35% | 1.65% | -31.02% | -30.82% |
| December 31, 2021 | 9624 | $3.10 | $6.61 | $62448 | 0.10% | 1.35% | 1.65% | 18.38% | 18.73% |
|  | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** | **Janus Henderson VIT Overseas Portfolio (Institutional Shares)** |
| December 31, 2025 | 6231 | $3.40 | $6.35 | $39207 | 1.42% | 1.35% | 1.65% | 26.79% | 27.16% |
| December 31, 2024 | 7380 | $2.68 | $4.99 | $36561 | 1.34% | 1.35% | 1.65% | 4.11% | 4.42% |
| December 31, 2023 | 8215 | $2.57 | $4.78 | $38877 | 1.50% | 1.35% | 1.65% | 9.08% | 9.40% |
| December 31, 2022 | 9200 | $2.36 | $4.37 | $39793 | 1.74% | 1.35% | 1.65% | -10.09% | -9.82% |
| December 31, 2021 | 10243 | $2.62 | $4.85 | $49176 | 1.12% | 1.35% | 1.65% | 11.74% | 12.07% |
|  | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** | **MFS® Research Series (Initial Class)** |
| December 31, 2025 | 1588 | $4.63 | $18.67 | $12735 | 0.95% | 0.25% | 1.65% | 11.02% | 12.57% |
| December 31, 2024 | 1865 | $4.17 | $16.59 | $13359 | 0.60% | 0.25% | 1.65% | 16.93% | 18.57% |
| December 31, 2023 | 2138 | $3.57 | $13.99 | $13018 | 0.50% | 0.25% | 1.65% | 20.44% | 22.11% |
| December 31, 2022 | 2521 | $2.96 | $11.46 | $12614 | 0.48% | 0.25% | 1.65% | -18.55% | -17.42% |
| December 31, 2021 | 2909 | $3.64 | $13.83 | $17534 | 0.53% | 0.40% | 1.65% | 22.78% | 24.30% |

---

A138

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** | **MFS® Growth Series (Initial Class)** |
| December 31, 2025 | 5434 | $5.66 | $20.21 | $59239 | 0.00% | 0.40% | 1.65% | 10.38% | 11.75% |
| December 31, 2024 | 6620 | $5.13 | $18.08 | $65322 | 0.00% | 0.40% | 1.65% | 29.32% | 30.94% |
| December 31, 2023 | 7579 | $3.96 | $13.84 | $57738 | 0.00% | 0.35% | 1.65% | 33.67% | 35.39% |
| December 31, 2022 | 8572 | $2.97 | $10.25 | $48558 | 0.00% | 0.25% | 1.65% | -32.74% | -31.80% |
| December 31, 2021 | 9407 | $4.41 | $15.03 | $79185 | 0.00% | 0.25% | 1.65% | 21.53% | 23.22% |
|  | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** | **LVIP American Century Value Fund (Standard Class II)** |
| December 31, 2025 | 2051 | $5.65 | $7.09 | $14439 | 1.59% | 1.35% | 1.65% | 14.14% | 14.48% |
| December 31, 2024 | 2364 | $4.95 | $6.19 | $14551 | 2.83% | 1.35% | 1.65% | 7.69% | 8.02% |
| December 31, 2023 | 2783 | $4.60 | $5.74 | $15879 | 2.35% | 1.35% | 1.65% | 7.33% | 7.65% |
| December 31, 2022 | 3454 | $4.28 | $5.33 | $18313 | 2.07% | 1.35% | 1.65% | -1.09% | -0.79% |
| December 31, 2021 | 3743 | $4.33 | $5.38 | $20001 | 1.72% | 1.35% | 1.65% | 22.49% | 22.85% |
|  | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** | **Franklin Small-Mid Cap Growth VIP Fund (Class 2)** |
| December 31, 2025 | 2362 | $3.35 | $6.01 | $13724 | 0.00% | 1.35% | 1.65% | 0.85% | 1.15% |
| December 31, 2024 | 2810 | $3.33 | $5.94 | $16248 | 0.00% | 1.35% | 1.65% | 9.22% | 9.55% |
| December 31, 2023 | 3372 | $3.04 | $5.43 | $17686 | 0.00% | 1.35% | 1.65% | 24.69% | 25.06% |
| December 31, 2022 | 3689 | $2.44 | $4.34 | $15438 | 0.00% | 1.35% | 1.65% | -34.77% | -34.57% |
| December 31, 2021 | 3959 | $3.74 | $6.64 | $25439 | 0.00% | 1.35% | 1.65% | 8.23% | 8.55% |
|  | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** |
| December 31, 2025 | 3566 | $4.24 | $4.58 | $16082 | 1.00% | 1.35% | 1.65% | 25.18% | 25.55% |
| December 31, 2024 | 4283 | $3.39 | $3.65 | $15400 | 1.03% | 1.35% | 1.65% | 16.13% | 16.47% |
| December 31, 2023 | 5090 | $2.92 | $3.13 | $15723 | 1.30% | 1.35% | 1.65% | 30.49% | 30.87% |
| December 31, 2022 | 5919 | $2.24 | $2.39 | $13971 | 1.21% | 1.35% | 1.65% | -21.43% | -21.19% |
| December 31, 2021 | 6752 | $2.85 | $3.04 | $20236 | 0.56% | 1.35% | 1.65% | 15.94% | 16.28% |
|  | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** | **AB VPS Large Cap Growth Portfolio (Class B)** |
| December 31, 2025 | 1936 | $4.03 | $4.35 | $8310 | 0.00% | 1.35% | 1.65% | 11.02% | 11.35% |
| December 31, 2024 | 2260 | $3.63 | $3.91 | $8713 | 0.00% | 1.35% | 1.65% | 22.91% | 23.28% |
| December 31, 2023 | 2491 | $2.95 | $3.17 | $7795 | 0.00% | 1.35% | 1.65% | 32.60% | 33.00% |
| December 31, 2022 | 2925 | $2.23 | $2.38 | $6874 | 0.00% | 1.35% | 1.65% | -29.84% | -29.64% |
| December 31, 2021 | 3333 | $3.17 | $3.39 | $11136 | 0.00% | 1.35% | 1.65% | 26.57% | 26.93% |
|  | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** | **Janus Henderson VIT Research Portfolio (Service Shares)** |
| December 31, 2025 | 1673 | $3.73 | $8.69 | $9570 | 0.13% | 1.40% | 2.00% | 15.78% | 16.47% |
| December 31, 2024 | 1770 | $3.21 | $7.46 | $9036 | 0.00% | 1.40% | 2.00% | 32.30% | 33.09% |
| December 31, 2023 | 2071 | $2.42 | $5.60 | $8094 | 0.06% | 1.40% | 2.00% | 40.02% | 40.85% |
| December 31, 2022 | 2439 | $1.72 | $3.98 | $6651 | 0.56% | 1.40% | 2.00% | -31.43% | -31.03% |
| December 31, 2021 | 2700 | $2.51 | $5.77 | $10776 | 0.02% | 1.40% | 2.00% | 17.69% | 18.39% |
|  | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class I) (merged April 11, 2025)** |
| December 31, 2025 |  | $3.41 | $13.37 | $— | 0.00% | 0.25% | 2.00% | -13.63% | -13.22% |
| December 31, 2024 | 10307 | $3.95 | $15.40 | $67222 | 0.00% | 0.25% | 2.00% | 12.00% | 13.96% |
| December 31, 2023 | 12354 | $3.52 | $13.52 | $71181 | 0.00% | 0.25% | 2.00% | 21.13% | 23.24% |
| December 31, 2022 | 13946 | $2.89 | $10.97 | $65861 | 0.00% | 0.25% | 2.00% | -28.39% | -27.14% |
| December 31, 2021 | 15674 | $4.03 | $15.05 | $102930 | 0.00% | 0.25% | 2.00% | 8.52% | 10.42% |
|  | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $12.45 | $42.64 | $— | 0.00% | 0.35% | 2.95% | 1.49% | 1.67% |
| December 31, 2024 | 6673 | $12.25 | $41.98 | $172256 | 0.00% | 0.35% | 2.95% | 3.60% | 6.29% |
| December 31, 2023 | 8188 | $11.56 | $40.13 | $202271 | 0.00% | 0.35% | 2.95% | 8.88% | 11.69% |
| December 31, 2022 | 6865 | $10.38 | $36.50 | $154142 | 0.00% | 0.35% | 2.95% | -27.50% | -25.62% |
| December 31, 2021 | 8615 | $14.00 | $49.85 | $266661 | 0.00% | 0.35% | 2.95% | 38.76% | 42.35% |
|  | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** |
| December 31, 2025 | 151910 | $11.95 | $21.22 | $2665543 | 0.00% | 0.35% | 2.95% | 7.21% | 9.99% |
| December 31, 2024 | 180308 | $11.01 | $19.47 | $2898457 | 0.00% | 0.35% | 2.95% | 3.14% | 5.82% |
| December 31, 2023 | 208857 | $10.54 | $18.60 | $3208395 | 0.00% | 0.35% | 2.95% | 5.03% | 9.97% |
| December 31, 2022 | 137608 | $10.86 | $17.09 | $1944153 | 0.00% | 0.35% | 2.95% | -18.14% | -16.02% |
| December 31, 2021 | 197465 | $12.93 | $20.56 | $3368963 | 0.00% | 0.35% | 2.95% | 4.85% | 7.57% |

---

A139

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** |
| December 31, 2025 |  | $11.54 | $21.61 | $— | 0.00% | 0.35% | 2.95% | 1.17% | 1.44% |
| December 31, 2024 | 7870 | $11.38 | $21.34 | $132345 | 0.00% | 0.35% | 2.95% | 4.47% | 7.19% |
| December 31, 2023 | 9181 | $10.65 | $20.23 | $145895 | 0.00% | 0.35% | 2.95% | 7.40% | 10.17% |
| December 31, 2022 | 10177 | $9.70 | $18.65 | $148100 | 0.00% | 0.35% | 2.95% | -14.05% | -11.82% |
| December 31, 2021 | 13344 | $11.03 | $21.49 | $223789 | 0.00% | 0.35% | 2.95% | 3.29% | 5.96% |
|  | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** |
| December 31, 2025 | 35050 | $18.93 | $50.98 | $1297091 | 0.00% | 0.35% | 2.95% | 12.73% | 15.64% |
| December 31, 2024 | 40885 | $16.42 | $44.78 | $1313907 | 0.00% | 0.35% | 2.95% | 6.76% | 9.54% |
| December 31, 2023 | 37293 | $15.03 | $41.54 | $1114584 | 0.00% | 0.35% | 2.95% | 6.61% | 9.37% |
| December 31, 2022 | 40856 | $13.79 | $38.58 | $1131727 | 0.00% | 0.35% | 2.70% | -1.04% | 1.35% |
| December 31, 2021 | 17212 | $13.65 | $38.67 | $480280 | 0.00% | 0.35% | 2.95% | 25.51% | 28.76% |
|  | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $11.51 | $19.60 | $— | 0.00% | 0.55% | 2.95% | 8.66% | 8.83% |
| December 31, 2024 | 8559 | $10.59 | $18.02 | $112558 | 0.00% | 0.55% | 2.95% | 0.86% | 3.28% |
| December 31, 2023 | 9758 | $10.48 | $17.59 | $125342 | 0.00% | 0.35% | 2.95% | -3.38% | 0.99% |
| December 31, 2022 | 12220 | $10.63 | $17.60 | $158784 | 0.00% | 0.35% | 2.95% | 3.05% | 5.72% |
| December 31, 2021 | 19538 | $10.11 | $16.82 | $240334 | 0.00% | 0.35% | 2.95% | 20.25% | 23.36% |
|  | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $13.83 | $36.85 | $— | 0.00% | 0.35% | 2.95% | 2.88% | 3.06% |
| December 31, 2024 | 10135 | $13.42 | $35.79 | $270229 | 0.00% | 0.35% | 2.95% | 2.47% | 5.14% |
| December 31, 2023 | 11863 | $12.80 | $34.59 | $305104 | 0.00% | 0.35% | 2.95% | 10.76% | 13.62% |
| December 31, 2022 | 12927 | $11.30 | $30.93 | $295683 | 0.00% | 0.35% | 2.95% | -20.31% | -18.25% |
| December 31, 2021 | 15828 | $13.87 | $38.43 | $451075 | 0.00% | 0.35% | 2.95% | 13.50% | 16.44% |
|  | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** |
| December 31, 2025 | 259925 | $18.86 | $37.53 | $7658283 | 0.00% | 0.35% | 2.95% | 12.84% | 15.76% |
| December 31, 2024 | 315376 | $16.29 | $32.93 | $8092504 | 0.00% | 0.35% | 2.95% | 11.11% | 14.00% |
| December 31, 2023 | 364808 | $14.29 | $29.35 | $8316592 | 0.00% | 0.35% | 2.95% | 14.72% | 17.68% |
| December 31, 2022 | 347065 | $12.14 | $25.34 | $6865097 | 0.00% | 0.35% | 2.95% | -19.28% | -17.19% |
| December 31, 2021 | 419222 | $14.67 | $31.09 | $10091464 | 0.00% | 0.35% | 2.95% | 13.63% | 16.57% |
|  | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| December 31, 2025 | 76823 | $13.96 | $21.24 | $1352165 | 0.00% | 0.35% | 2.95% | 10.30% | 13.15% |
| December 31, 2024 | 88860 | $12.62 | $19.07 | $1394936 | 0.00% | 0.35% | 2.95% | 4.61% | 7.34% |
| December 31, 2023 | 102040 | $11.87 | $18.05 | $1509836 | 0.00% | 0.35% | 2.95% | 7.07% | 9.83% |
| December 31, 2022 | 108587 | $10.80 | $16.70 | $1480246 | 0.00% | 0.35% | 2.95% | -15.92% | -13.75% |
| December 31, 2021 | 166410 | $12.53 | $19.67 | $2675668 | 0.00% | 0.35% | 2.95% | 9.22% | 12.05% |
|  | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** |
| December 31, 2025 | 656243 | $16.90 | $30.39 | $16372432 | 0.00% | 0.35% | 2.95% | 11.07% | 13.95% |
| December 31, 2024 | 798977 | $14.83 | $26.90 | $17632849 | 0.00% | 0.35% | 2.95% | 8.68% | 11.51% |
| December 31, 2023 | 418427 | $13.30 | $24.51 | $8335289 | 0.00% | 0.35% | 2.95% | 12.46% | 15.36% |
| December 31, 2022 | 444810 | $11.53 | $21.58 | $7796818 | 0.00% | 0.35% | 2.95% | -18.66% | -16.55% |
| December 31, 2021 | 367938 | $13.82 | $26.27 | $7812318 | 0.00% | 0.35% | 2.95% | 9.61% | 12.45% |
|  | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| December 31, 2025 | 112851 | $13.96 | $21.63 | $2049772 | 0.00% | 0.35% | 2.70% | 8.32% | 10.94% |
| December 31, 2024 | 133854 | $12.58 | $19.54 | $2212628 | 0.00% | 0.35% | 2.95% | 4.70% | 7.42% |
| December 31, 2023 | 155961 | $11.71 | $18.26 | $2427735 | 0.00% | 0.35% | 2.95% | 8.58% | 11.39% |
| December 31, 2022 | 167992 | $10.51 | $16.52 | $2379361 | 0.00% | 0.35% | 2.95% | -18.04% | -15.92% |
| December 31, 2021 | 239414 | $12.51 | $19.81 | $4073050 | 0.00% | 0.35% | 2.95% | 3.20% | 5.87% |
|  | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| December 31, 2025 | 381174 | $14.38 | $31.88 | $9707444 | 0.00% | 0.35% | 2.95% | 12.68% | 15.59% |
| December 31, 2024 | 457914 | $12.57 | $27.80 | $10175477 | 0.00% | 0.35% | 2.95% | 10.41% | 13.29% |
| December 31, 2023 | 526557 | $11.21 | $24.94 | $10465506 | 0.00% | 0.35% | 2.95% | 13.24% | 17.65% |
| December 31, 2022 | 448827 | $10.87 | $21.53 | $7777840 | 0.00% | 0.35% | 2.95% | -20.64% | -18.58% |
| December 31, 2021 | 606990 | $13.35 | $26.87 | $13036419 | 0.00% | 0.35% | 2.95% | 13.36% | 16.29% |

---

A140

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** |
| December 31, 2025 | 146805 | $16.94 | $32.60 | $3844590 | 0.00% |  | 0.35% | 2.95% | 12.24% | 15.15% |
| December 31, 2024 | 179687 | $14.71 | $28.76 | $4118514 | 0.00% |  | 0.35% | 2.95% | 7.80% | 10.61% |
| December 31, 2023 | 214421 | $13.30 | $26.42 | $4494111 | 0.00% |  | 0.35% | 2.95% | 11.21% | 14.08% |
| December 31, 2022 | 233125 | $11.66 | $23.52 | $4342414 | 0.00% |  | 0.35% | 2.95% | -19.01% | -16.91% |
| December 31, 2021 | 282766 | $14.03 | $28.76 | $6388506 | 0.00% |  | 0.35% | 2.95% | 10.57% | 13.43% |
|  | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** |
| December 31, 2025 | 28769 | $24.71 | $99.95 | $1976047 | 0.00% |  | 0.35% | 2.95% | 13.71% | 16.65% |
| December 31, 2024 | 36026 | $21.25 | $87.04 | $2115998 | 0.00% |  | 0.35% | 2.95% | 26.41% | 29.70% |
| December 31, 2023 | 36133 | $16.44 | $68.18 | $1663455 | 0.00% |  | 0.35% | 2.95% | 39.53% | 43.13% |
| December 31, 2022 | 42169 | $11.52 | $48.39 | $1386610 | 0.00% |  | 0.35% | 2.95% | -35.12% | -33.44% |
| December 31, 2021 | 23701 | $17.36 | $73.86 | $1225164 | 0.00% |  | 0.35% | 2.95% | 13.76% | 16.70% |
|  | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** |
| December 31, 2025 | 26165 | $7.35 | $11.42 | $264885 | 3.73% |  | 0.35% | 2.95% | 0.81% | 3.42% |
| December 31, 2024 | 30593 | $7.30 | $11.04 | $303789 | 4.67% |  | 0.35% | 2.95% | 1.74% | 4.39% |
| December 31, 2023 | 35930 | $7.17 | $10.58 | $343813 | 4.52% |  | 0.35% | 2.95% | 1.63% | 4.25% |
| December 31, 2022 | 41470 | $7.06 | $10.15 | $383307 | 1.27% |  | 0.35% | 2.95% | -1.67% | 0.87% |
| December 31, 2021 | 36208 | $7.15 | $10.06 | $333433 | 0.00% | (1) | 0.35% | 3.10% | -3.10% | -0.36% |
|  | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** |
| December 31, 2025 | 15140 | $16.20 | $55.58 | $578213 | 0.00% |  | 0.35% | 2.95% | 4.33% | 7.03% |
| December 31, 2024 | 17041 | $15.18 | $52.75 | $608460 | 0.00% |  | 0.35% | 2.95% | 11.55% | 14.46% |
| December 31, 2023 | 10767 | $13.30 | $46.83 | $344016 | 0.00% |  | 0.35% | 2.95% | 13.75% | 16.69% |
| December 31, 2022 | 11002 | $11.44 | $40.77 | $303447 | 0.00% |  | 0.35% | 2.95% | -29.65% | -27.83% |
| December 31, 2021 | 8474 | $15.89 | $57.39 | $334669 | 0.00% |  | 0.35% | 2.95% | 1.54% | 4.17% |
|  | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** |
| December 31, 2025 | 23361 | $14.83 | $35.21 | $602004 | 0.00% |  | 0.35% | 2.70% | 29.25% | 32.37% |
| December 31, 2024 | 22693 | $11.39 | $27.03 | $438591 | 0.00% |  | 0.35% | 2.70% | 2.60% | 5.09% |
| December 31, 2023 | 26105 | $11.02 | $26.13 | $485135 | 0.00% |  | 0.35% | 2.95% | 11.11% | 17.34% |
| December 31, 2022 | 12468 | $11.24 | $22.62 | $208400 | 0.00% |  | 0.35% | 2.95% | -30.73% | -28.93% |
| December 31, 2021 | 13568 | $15.87 | $32.34 | $324901 | 0.00% |  | 0.35% | 2.95% | 9.28% | 12.11% |
|  | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** |
| December 31, 2025 | 280987 | $11.40 | $20.37 | $4240956 | 0.00% |  | 0.35% | 2.35% | 6.08% | 8.19% |
| December 31, 2024 | 370247 | $10.71 | $18.94 | $5183168 | 0.00% |  | 0.35% | 2.35% | -0.40% | 1.59% |
| December 31, 2023 | 523657 | $10.71 | $18.75 | $7102110 | 0.00% |  | 0.35% | 2.35% | 4.05% | 6.12% |
| December 31, 2022 | 860830 | $10.26 | $17.78 | $10864615 | 0.00% |  | 0.35% | 2.35% | -15.79% | -14.12% |
| December 31, 2021 | 58908 | $12.14 | $20.82 | $965064 | 0.00% |  | 0.55% | 2.65% | -4.76% | -2.71% |
|  | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** |
| December 31, 2025 | 176869 | $9.57 | $14.86 | $2279905 | 0.00% |  | 0.35% | 2.95% | 4.08% | 6.78% |
| December 31, 2024 | 175252 | $9.08 | $13.94 | $2134299 | 0.00% |  | 0.35% | 2.95% | -1.49% | 1.08% |
| December 31, 2023 | 186448 | $9.10 | $13.82 | $2269363 | 0.00% |  | 0.35% | 2.95% | 3.31% | 5.98% |
| December 31, 2022 | 191998 | $8.70 | $13.12 | $2225902 | 0.00% |  | 0.35% | 2.95% | -18.68% | -13.18% |
| December 31, 2021 | 96332 | $10.73 | $15.82 | $1362294 | 0.00% |  | 0.35% | 2.95% | -5.04% | -2.58% |
|  | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** |
| December 31, 2025 |  | $7.27 | $13.26 | $— | 0.00% |  | 0.35% | 2.70% | -1.47% | -1.40% |
| December 31, 2024 | 13432 | $7.38 | $13.46 | $128316 | 0.00% |  | 0.35% | 2.70% | 1.81% | 4.28% |
| December 31, 2023 | 15479 | $7.24 | $13.11 | $143389 | 0.00% |  | 0.35% | 2.70% | 9.29% | 11.92% |
| December 31, 2022 | 16587 | $6.62 | $11.90 | $138938 | 0.00% |  | 0.35% | 2.70% | -23.83% | -21.99% |
| December 31, 2021 | 23598 | $8.68 | $15.50 | $254682 | 0.00% |  | 0.35% | 2.95% | -2.68% | -0.16% |
|  | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| December 31, 2025 | 64510 | $16.07 | $28.66 | $1468699 | 0.00% |  | 0.35% | 2.90% | 9.36% | 12.13% |
| December 31, 2024 | 77885 | $14.33 | $25.96 | $1591821 | 0.00% |  | 0.35% | 2.95% | 6.67% | 9.45% |
| December 31, 2023 | 92324 | $13.10 | $24.10 | $1742989 | 0.00% |  | 0.35% | 2.95% | 10.63% | 13.48% |
| December 31, 2022 | 97624 | $11.54 | $21.57 | $1648038 | 0.00% |  | 0.35% | 2.95% | -19.36% | -17.27% |
| December 31, 2021 | 124741 | $13.95 | $26.49 | $2567981 | 0.00% |  | 0.35% | 2.95% | 9.19% | 12.02% |

---

A141

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** |
| December 31, 2025 | 11 | $41.32 | $57.46 | $558 | 0.00% |  | 0.55% | 2.35% | 3.09% | 4.93% |
| December 31, 2024 | 12 | $40.09 | $54.76 | $586 | 0.00% |  | 0.55% | 2.35% | 21.56% | 23.75% |
| December 31, 2023 | 14 | $14.10 | $44.25 | $544 | 0.00% |  | 0.35% | 2.35% | 29.03% | 31.59% |
| December 31, 2022 | 15 | $10.72 | $33.69 | $445 | 0.00% |  | 0.35% | 2.35% | -33.10% | -31.77% |
| December 31, 2021 | 16 | $15.71 | $49.48 | $684 | 0.00% |  | 0.35% | 2.00% | 8.07% | 9.84% |
|  | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** |
| December 31, 2025 | 8 | $15.26 | $31.11 | $203 | 0.92% |  | 0.35% | 2.30% | -2.42% | -0.52% |
| December 31, 2024 | 8 | $15.34 | $31.33 | $199 | 1.61% |  | 0.35% | 2.00% | 8.18% | 9.97% |
| December 31, 2023 | 8 | $13.94 | $28.55 | $174 | 0.23% |  | 0.35% | 2.00% | 1.89% | 3.56% |
| December 31, 2022 | 7 | $13.47 | $27.62 | $168 | 0.05% |  | 0.35% | 2.00% | -26.17% | -24.96% |
| December 31, 2021 | 10 | $17.94 | $36.88 | $336 | 0.38% |  | 0.35% | 2.00% | 17.30% | 19.23% |
|  | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** |
| December 31, 2025 | 17 | $20.47 | $42.61 | $415 | 0.01% |  | 0.55% | 2.30% | 10.37% | 12.28% |
| December 31, 2024 | 18 | $18.06 | $37.95 | $422 | 0.27% |  | 0.35% | 2.30% | 25.54% | 27.99% |
| December 31, 2023 | 24 | $14.11 | $29.71 | $437 | 0.50% |  | 0.35% | 2.30% | 11.33% | 13.49% |
| December 31, 2022 | 23 | $12.43 | $26.23 | $415 | 0.09% |  | 0.35% | 2.30% | -17.05% | -15.44% |
| December 31, 2021 | 40 | $15.99 | $31.08 | $766 | 0.35% |  | 0.55% | 2.30% | 27.18% | 29.39% |
|  | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** |
| December 31, 2025 | 30 | $16.20 | $46.47 | $1204 | 0.00% | (1) | 0.35% | 2.35% | 9.98% | 12.17% |
| December 31, 2024 | 34 | $14.44 | $41.51 | $1255 | 0.06% |  | 0.35% | 2.35% | -1.51% | 0.46% |
| December 31, 2023 | 37 | $14.38 | $41.40 | $1358 | 0.00% |  | 0.35% | 2.35% | -1.48% | 0.47% |
| December 31, 2022 | 42 | $14.31 | $41.29 | $1472 | 0.00% |  | 0.35% | 2.35% | -8.18% | -6.35% |
| December 31, 2021 | 62 | $15.28 | $44.18 | $2389 | 0.04% |  | 0.35% | 2.30% | 18.81% | 21.11% |
|  | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** |
| December 31, 2025 | 9 | $19.51 | $50.21 | $329 | 0.00% |  | 0.35% | 2.35% | 14.56% | 16.84% |
| December 31, 2024 | 12 | $16.70 | $43.06 | $384 | 0.18% |  | 0.35% | 2.35% | 12.80% | 15.06% |
| December 31, 2023 | 14 | $14.51 | $37.50 | $406 | 0.00% |  | 0.35% | 2.35% | 13.64% | 15.89% |
| December 31, 2022 | 16 | $12.52 | $32.42 | $419 | 0.00% |  | 0.35% | 2.35% | -17.54% | -15.90% |
| December 31, 2021 | 18 | $24.75 | $38.63 | $552 | 0.00% |  | 0.55% | 2.30% | 13.79% | 15.76% |
|  | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** |
| December 31, 2025 | 20 | $16.52 | $38.63 | $641 | 0.00% |  | 0.35% | 2.30% | 3.30% | 5.30% |
| December 31, 2024 | 19 | $25.63 | $36.76 | $598 | 0.00% |  | 0.55% | 2.30% | 11.32% | 13.26% |
| December 31, 2023 | 28 | $13.82 | $32.45 | $802 | 0.00% |  | 0.35% | 2.30% | 12.97% | 15.16% |
| December 31, 2022 | 29 | $12.00 | $28.24 | $681 | 0.00% |  | 0.35% | 2.30% | -22.13% | -20.62% |
| December 31, 2021 | 34 | $15.12 | $35.64 | $1026 | 0.00% |  | 0.35% | 2.30% | 14.34% | 16.56% |
|  | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** |
| December 31, 2025 | 19 | $16.40 | $36.18 | $528 | 0.30% |  | 0.35% | 2.30% | 3.47% | 5.47% |
| December 31, 2024 | 15 | $15.55 | $34.37 | $381 | 0.25% |  | 0.35% | 2.30% | 7.36% | 9.46% |
| December 31, 2023 | 20 | $14.21 | $31.46 | $492 | 0.28% |  | 0.35% | 2.30% | 10.91% | 13.05% |
| December 31, 2022 | 23 | $12.57 | $27.89 | $506 | 0.15% |  | 0.35% | 2.30% | -10.51% | -8.77% |
| December 31, 2021 | 33 | $13.78 | $30.63 | $800 | 0.25% |  | 0.35% | 2.30% | 25.64% | 28.08% |
|  | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** |
| December 31, 2025 | 7 | $13.51 | $24.33 | $118 | 1.51% |  | 0.55% | 2.30% | -1.63% | 0.08% |
| December 31, 2024 | 7 | $11.75 | $24.31 | $117 | 1.45% |  | 0.35% | 2.30% | 1.20% | 3.18% |
| December 31, 2023 | 7 | $13.57 | $23.61 | $118 | 1.01% |  | 0.55% | 2.30% | 7.27% | 9.13% |
| December 31, 2022 | 11 | $10.41 | $21.63 | $205 | 0.71% |  | 0.35% | 2.30% | -28.21% | -26.81% |
| December 31, 2021 | 18 | $14.23 | $29.62 | $409 | 0.03% |  | 0.35% | 2.30% | 34.00% | 36.60% |
|  | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** |
| December 31, 2025 | 14 | $14.32 | $38.64 | $451 | 0.00% |  | 0.35% | 2.30% | 1.29% | 3.25% |
| December 31, 2024 | 14 | $25.72 | $37.50 | $441 | 0.00% |  | 0.55% | 2.30% | 5.36% | 7.20% |
| December 31, 2023 | 21 | $24.41 | $34.98 | $650 | 0.00% |  | 0.55% | 2.30% | 12.61% | 14.56% |
| December 31, 2022 | 20 | $11.25 | $30.53 | $536 | 0.00% |  | 0.35% | 2.30% | -24.15% | -22.68% |
| December 31, 2021 | 23 | $28.59 | $39.57 | $809 | 0.00% |  | 0.55% | 2.30% | 17.93% | 19.98% |

---

A142

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** |
| December 31, 2025 | 8 | $22.55 | $32.38 | $217 | 0.37% | 0.55% | 2.30% | 2.64% | 4.42% |
| December 31, 2024 | 8 | $23.08 | $31.01 | $212 | 0.38% | 0.55% | 2.00% | 3.79% | 5.29% |
| December 31, 2023 | 10 | $13.04 | $29.45 | $246 | 0.02% | 0.35% | 2.00% | 10.73% | 12.54% |
| December 31, 2022 | 13 | $11.59 | $26.22 | $278 | 0.00% | 0.35% | 2.00% | -14.13% | -12.72% |
| December 31, 2021 | 16 | $13.28 | $30.11 | $412 | 0.07% | 0.35% | 2.00% | 26.04% | 28.11% |
|  | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** |
| December 31, 2025 | 4 | $19.40 | $36.19 | $90 | 0.00% | 0.35% | 2.35% | 18.14% | 20.49% |
| December 31, 2024 | 6 | $16.42 | $30.10 | $105 | 0.00% | 0.35% | 2.35% | 29.58% | 32.18% |
| December 31, 2023 | 5 | $12.67 | $22.82 | $70 | 0.93% | 0.35% | 2.35% | 28.80% | 31.36% |
| December 31, 2022 | 6 | $9.65 | $17.40 | $68 | 1.79% | 0.35% | 2.35% | -23.02% | -21.49% |
| December 31, 2021 | 10 | $12.30 | $22.21 | $137 | 0.98% | 0.35% | 2.00% | 16.09% | 18.00% |
|  | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** |
| December 31, 2025 | 13 | $15.83 | $35.91 | $330 | 1.39% | 0.35% | 2.30% | 11.42% | 13.58% |
| December 31, 2024 | 15 | $13.93 | $31.68 | $344 | 1.60% | 0.35% | 2.30% | 18.53% | 20.85% |
| December 31, 2023 | 17 | $11.53 | $26.26 | $322 | 1.40% | 0.35% | 2.30% | -10.64% | -8.91% |
| December 31, 2022 | 27 | $12.66 | $28.89 | $625 | 0.95% | 0.35% | 2.30% | -2.49% | -0.60% |
| December 31, 2021 | 26 | $12.73 | $29.12 | $589 | 1.54% | 0.35% | 2.30% | 12.81% | 15.00% |
|  | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** |
| December 31, 2025 | 16 | $27.34 | $72.84 | $1006 | 0.00% | 0.35% | 1.50% | 18.19% | 19.54% |
| December 31, 2024 | 20 | $22.87 | $61.05 | $1022 | 0.00% | 0.35% | 1.50% | 31.79% | 33.31% |
| December 31, 2023 | 22 | $17.16 | $45.89 | $869 | 0.00% | 0.35% | 2.00% | 25.36% | 27.42% |
| December 31, 2022 | 21 | $24.96 | $36.09 | $605 | 0.00% | 0.55% | 2.30% | -32.20% | -31.02% |
| December 31, 2021 | 39 | $36.81 | $52.32 | $1632 | 0.00% | 0.55% | 2.30% | 26.94% | 29.15% |
|  | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** |
| December 31, 2025 | 34 | $19.17 | $39.63 | $1012 | 0.64% | 0.35% | 2.30% | 8.87% | 10.98% |
| December 31, 2024 | 31 | $17.28 | $35.78 | $782 | 0.30% | 0.35% | 2.30% | 7.92% | 10.03% |
| December 31, 2023 | 42 | $15.70 | $32.58 | $1096 | 0.49% | 0.35% | 2.30% | 17.40% | 19.67% |
| December 31, 2022 | 47 | $13.12 | $27.28 | $1028 | 0.51% | 0.35% | 2.30% | -8.91% | -7.15% |
| December 31, 2021 | 65 | $18.21 | $29.44 | $1507 | 0.96% | 0.55% | 2.30% | 20.16% | 22.25% |
|  | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| December 31, 2025 | 37 | $9.14 | $10.12 | $358 | 0.00% | 1.40% | 1.85% | 13.43% | 13.93% |
| December 31, 2024 | 45 | $8.06 | $8.89 | $378 | 0.00% | 1.40% | 1.85% | 19.08% | 19.62% |
| December 31, 2023 | 50 | $6.77 | $7.43 | $357 | 0.00% | 1.40% | 1.85% | 31.08% | 31.66% |
| December 31, 2022 | 64 | $5.16 | $5.64 | $343 | 0.00% | 1.40% | 1.85% | -38.19% | -37.91% |
| December 31, 2021 | 63 | $8.35 | $9.09 | $551 | 0.00% | 1.40% | 1.85% | 13.18% | 13.68% |
|  | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** |
| December 31, 2025 | 4 | $36.67 | $38.67 | $139 | 0.00% | 1.50% | 1.85% | 7.56% | 7.93% |
| December 31, 2024 | 4 | $34.09 | $35.83 | $131 | 0.00% | 1.50% | 1.85% | 16.90% | 17.30% |
| December 31, 2023 | 5 | $29.16 | $30.54 | $151 | 0.00% | 1.50% | 1.85% | 2.46% | 2.82% |
| December 31, 2022 | 7 | $28.46 | $29.71 | $213 | 0.00% | 1.50% | 1.85% | -35.49% | -35.27% |
| December 31, 2021 | 9 | $44.12 | $45.89 | $417 | 0.00% | 1.50% | 1.85% | 5.97% | 6.34% |
|  | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** |
| December 31, 2025 | 17802 | $16.33 | $28.11 | $411820 | 0.00% | 0.35% | 2.65% | 11.80% | 14.36% |
| December 31, 2024 | 30366 | $14.32 | $24.63 | $583709 | 0.00% | 0.35% | 2.65% | 11.18% | 13.74% |
| December 31, 2023 | 47967 | $12.63 | $21.70 | $814156 | 0.00% | 0.35% | 2.65% | 14.45% | 17.06% |
| December 31, 2022 | 60994 | $10.82 | $18.57 | $911892 | 0.00% | 0.35% | 2.65% | -20.85% | -19.04% |
| December 31, 2021 | 69769 | $13.41 | $22.99 | $1313627 | 0.00% | 0.35% | 2.65% | 12.46% | 15.04% |
|  | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** |
| December 31, 2025 | 8 | $42.43 | $44.58 | $365 | 0.32% | 1.50% | 1.85% | 5.06% | 5.42% |
| December 31, 2024 | 14 | $40.39 | $42.29 | $562 | 0.28% | 1.50% | 1.85% | 13.24% | 13.63% |
| December 31, 2023 | 15 | $35.67 | $37.22 | $559 | 0.00% | 1.50% | 1.85% | 24.54% | 24.96% |
| December 31, 2022 | 17 | $28.64 | $29.78 | $501 | 0.00% | 1.50% | 1.85% | (22.05)% | -21.78% |
| December 31, 2021 | 27 | $36.74 | $38.07 | $999 | 0.27% | 1.50% | 1.85% | 22.79% | 23.22% |

---

A143

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $17.25 | $34.91 | $— | 0.00% | 0.35% | 2.70% | 3.49% | 3.65% |
| December 31, 2024 | 6309 | $16.64 | $33.68 | $182870 | 0.00% | 0.35% | 2.70% | 13.55% | 16.30% |
| December 31, 2023 | 7196 | $14.36 | $29.02 | $182016 | 0.00% | 0.35% | 2.70% | 11.25% | 13.92% |
| December 31, 2022 | 7272 | $12.64 | $25.52 | $163810 | 0.00% | 0.35% | 2.40% | -9.71% | -7.87% |
| December 31, 2021 | 8130 | $13.76 | $27.76 | $201163 | 0.00% | 0.35% | 2.65% | 23.17% | 26.08% |
|  | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** | **AST Multi-Sector Fixed Income Portfolio** |
| December 31, 2025 | 708635 | $11.22 | $12.46 | $7953837 | 0.00% | 1.10% | 1.90% | 4.58% | 5.44% |
| December 31, 2024 | 816561 | $10.73 | $11.81 | $8763405 | 0.00% | 1.10% | 1.90% | -1.69% | -0.89% |
| December 31, 2023 | 925435 | $10.91 | $11.92 | $10102353 | 0.00% | 1.10% | 1.90% | 7.72% | 8.60% |
| December 31, 2022 | 1026298 | $10.13 | $10.98 | $10399992 | 0.00% | 1.10% | 1.90% | -22.63% | -22.00% |
| December 31, 2021 | 1120447 | $13.10 | $14.07 | $14674471 | 0.00% | 1.10% | 1.90% | -2.28% | -1.48% |
|  | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** |
| December 31, 2025 | 28709 | $13.81 | $41.75 | $950718 | 0.00% | 0.35% | 2.95% | 11.59% | 14.48% |
| December 31, 2024 | 8683 | $12.36 | $36.54 | $255717 | 0.00% | 0.35% | 2.95% | 20.57% | 23.71% |
| December 31, 2023 | 9997 | $10.23 | $29.60 | $240856 | 0.00% | 0.35% | 2.95% | 19.58% | 22.67% |
| December 31, 2022 | 10604 | $8.54 | $24.17 | $210976 | 0.00% | 0.35% | 2.95% | -19.37% | -17.28% |
| December 31, 2021 | 12893 | $10.58 | $29.28 | $314091 | 0.00% | 0.35% | 2.95% | 4.85% | 27.39% |
|  | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** |
| December 31, 2025 |  | $10.71 | $13.22 | $— | 0.00% | 1.15% | 2.95% | 1.36% | 3.15% |
| December 31, 2024 | 1669 | $10.57 | $12.81 | $19224 | 0.00% | 1.15% | 2.95% | 2.32% | 4.14% |
| December 31, 2023 | 239 | $10.33 | $11.90 | $2663 | 0.00% | 1.50% | 2.95% | 2.80% | 4.26% |
| December 31, 2022 | 207 | $10.05 | $11.41 | $2224 | 0.00% | 1.50% | 2.95% | -11.35% | -10.09% |
| December 31, 2021 | 91 | $11.33 | $12.27 | $1085 | 0.00% | 1.90% | 2.95% | -5.64% | -4.70% |
|  | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** | **AST J.P. Morgan Aggressive Multi-Asset Portfolio** |
| December 31, 2025 | 103034 | $17.92 | $24.13 | $2260084 | 0.00% | 0.35% | 1.95% | 11.80% | 13.63% |
| December 31, 2024 | 129574 | $15.77 | $21.28 | $2523449 | 0.00% | 0.35% | 1.95% | 10.07% | 11.87% |
| December 31, 2023 | 142216 | $14.10 | $19.06 | $2498226 | 0.00% | 0.35% | 1.95% | 15.36% | 17.24% |
| December 31, 2022 | 109362 | $12.02 | $16.29 | $1652153 | 0.00% | 0.35% | 1.95% | -19.50% | -18.19% |
| December 31, 2021 | 178471 | $14.70 | $19.95 | $3331255 | 0.00% | 0.35% | 1.95% | 13.46% | 15.31% |
|  | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** |
| December 31, 2025 | 985 | $9.27 | $11.24 | $9917 | 0.00% | 1.15% | 2.95% | 2.18% | 3.98% |
| December 31, 2024 | 398 | $9.07 | $10.45 | $3902 | 0.00% | 1.50% | 2.95% | 1.56% | 3.02% |
| December 31, 2023 | 431 | $8.93 | $10.15 | $4149 | 0.00% | 1.50% | 2.95% | 2.91% | 4.37% |
| December 31, 2022 | 488 | $8.68 | $9.72 | $4526 | 0.00% | 1.50% | 2.95% | -13.24% | -12.00% |
| December 31, 2021 | 378 | $10.00 | $11.05 | $4006 | 0.00% | 1.50% | 2.95% | -6.60% | -5.26% |
|  | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** |
| December 31, 2025 |  | $8.54 | $11.10 | $— | 0.00% | 0.35% | 2.70% | 0.27% | 0.52% |
| December 31, 2024 | 14936 | $8.51 | $11.05 | $145030 | 0.00% | 0.35% | 2.70% | -0.05% | 2.37% |
| December 31, 2023 | 15832 | $8.52 | $10.81 | $152037 | 0.00% | 0.35% | 2.70% | 3.42% | 5.92% |
| December 31, 2022 | 15712 | $8.24 | $10.23 | $144184 | 0.00% | 0.35% | 2.70% | -14.56% | -12.50% |
| December 31, 2021 | 18812 | $9.64 | $11.71 | $198009 | 0.00% | 0.35% | 2.70% | -4.12% | -1.81% |
|  | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** | **BlackRock Global Allocation V.I. Fund (Class III)** |
| December 31, 2025 | 2515 | $15.96 | $19.30 | $44662 | 4.02% | 0.48% | 0.86% | 18.48% | 18.94% |
| December 31, 2024 | 2928 | $13.44 | $16.29 | $43802 | 1.37% | 0.48% | 0.86% | 7.98% | 8.40% |
| December 31, 2023 | 3426 | $12.42 | $15.08 | $47722 | 2.25% | 0.48% | 0.86% | 11.52% | 11.95% |
| December 31, 2022 | 4240 | $11.12 | $13.52 | $53948 | 0.00% | 0.48% | 0.86% | -16.79% | -16.48% |
| December 31, 2021 | 4483 | $13.33 | $16.25 | $68723 | 0.83% | 0.48% | 0.86% | 5.50% | 5.90% |
|  | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** |
| December 31, 2025 | 454 | $9.13 | $10.52 | $4559 | 0.00% | 1.50% | 2.95% | 2.95% | 4.42% |
| December 31, 2024 | 517 | $8.91 | $10.08 | $5002 | 0.00% | 1.50% | 2.90% | 0.84% | 2.24% |
| December 31, 2023 | 712 | $8.83 | $10.01 | $6716 | 0.00% | 1.30% | 2.90% | 2.55% | 4.16% |
| December 31, 2022 | 755 | $8.61 | $9.70 | $6886 | 0.00% | 1.15% | 2.90% | -15.15% | -13.70% |
| December 31, 2021 | 749 | $10.12 | $11.24 | $7993 | 0.00% | 1.15% | 2.95% | -7.33% | -5.69% |

---

A144

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |
| December 31, 2025 | 201 | $13.53 | $14.30 | $2806 | 0.30% |  | 1.40% | 2.00% | 33.11% | 33.90% |
| December 31, 2024 | 242 | $10.16 | $10.68 | $2525 | 1.34% |  | 1.40% | 2.00% | 3.90% | 4.51% |
| December 31, 2023 | 291 | $9.78 | $10.22 | $2916 | 1.40% |  | 1.40% | 2.00% | 1.77% | 2.37% |
| December 31, 2022 | 325 | $9.61 | $9.98 | $3184 | 0.17% |  | 1.40% | 2.00% | -26.47% | -26.03% |
| December 31, 2021 | 345 | $13.07 | $13.49 | $4581 | 0.92% |  | 1.40% | 2.00% | -9.40% | -8.87% |
|  | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** |
| December 31, 2025 | 1169 | $9.53 | $10.26 | $11929 | 0.00% |  | 1.90% | 2.70% | 4.13% | 4.99% |
| December 31, 2024 | 1447 | $9.15 | $9.77 | $14063 | 0.00% |  | 1.90% | 2.70% | -0.17% | 0.65% |
| December 31, 2023 | 2112 | $9.17 | $9.71 | $20405 | 0.00% |  | 1.90% | 2.70% | 2.67% | 3.51% |
| December 31, 2022 | 2656 | $8.93 | $9.38 | $24826 | 0.00% |  | 1.90% | 2.70% | -16.37% | -15.68% |
| December 31, 2021 | 1810 | $10.67 | $11.12 | $20083 | 0.00% |  | 1.90% | 2.70% | -7.03% | -6.26% |
|  | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** |
| December 31, 2025 | 77 | $9.89 | $10.86 | $781 | 0.00% |  | 1.15% | 2.30% | 5.30% | 6.54% |
| December 31, 2024 | 154 | $9.36 | $10.19 | $1473 | 0.00% |  | 1.15% | 2.40% | -0.92% | 0.30% |
| December 31, 2023 | 207 | $9.15 | $10.16 | $1990 | 0.00% |  | 1.15% | 2.95% | 2.61% | 4.41% |
| December 31, 2022 | 224 | $8.91 | $9.73 | $2083 | 0.00% |  | 1.15% | 2.95% | -18.38% | -16.94% |
| December 31, 2021 | 2 | $10.92 | $11.27 | $23 | 0.00% |  | 2.15% | 2.95% | -7.25% | -6.52% |
|  | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** |
| December 31, 2025 | 1144 | $9.76 | $10.93 | $11994 | 0.00% |  | 1.30% | 2.95% | 4.94% | 6.65% |
| December 31, 2024 | 1364 | $9.30 | $10.24 | $13454 | 0.00% |  | 1.30% | 2.95% | -1.91% | -0.30% |
| December 31, 2023 | 1486 | $9.48 | $10.28 | $14796 | 0.00% |  | 1.30% | 2.95% | 2.37% | 4.04% |
| December 31, 2022 | 1549 | $9.26 | $9.88 | $14919 | 0.00% |  | 1.30% | 2.95% | -19.50% | -18.19% |
| December 31, 2021 | 1496 | $11.50 | $12.07 | $17743 | 0.00% |  | 1.30% | 2.95% | -6.95% | -5.43% |
|  | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** |
| December 31, 2025 | 3409 | $8.42 | $9.28 | $30312 | 0.00% |  | 1.30% | 2.95% | 5.33% | 7.04% |
| December 31, 2024 | 3980 | $8.00 | $8.67 | $33323 | 0.00% |  | 1.30% | 2.95% | -2.67% | -1.08% |
| December 31, 2023 | 4529 | $8.22 | $8.77 | $38643 | 0.00% |  | 1.30% | 2.95% | 2.35% | 4.02% |
| December 31, 2022 | 5315 | $8.03 | $8.43 | $43854 | 0.00% |  | 1.30% | 2.95% | -21.06% | -19.78% |
| December 31, 2021 | 3709 | $10.17 | $10.53 | $38423 | 0.00% |  | 1.15% | 2.95% | -7.50% | -5.87% |
|  | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** | **Fidelity® VIP Contrafund℠ Portfolio (Initial Class)** |
| December 31, 2025 | 66 | $24.16 | $24.52 | $1595 | 0.12% |  | 0.25% | 0.50% | 20.87% | 21.18% |
| December 31, 2024 | 109 | $19.99 | $20.24 | $2180 | 0.20% |  | 0.25% | 0.50% | 33.12% | 33.46% |
| December 31, 2023 | 107 | $15.02 | $15.16 | $1614 | 0.75% |  | 0.25% | 0.50% | 32.79% | 33.12% |
| December 31, 2022 | 60 | $11.31 | $11.36 | $685 | 0.76% |  | 0.35% | 0.50% | -26.68% | -26.57% |
| December 31, 2021 | 48 | $15.42 | $15.47 | $736 | 0.01% |  | 0.35% | 0.50% | 27.20% | 27.39% |
|  | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** | **Fidelity® VIP Growth Opportunities Portfolio (Initial Class)** |
| December 31, 2025 | 98 | $25.46 | $25.84 | $2507 | 0.00% |  | 0.25% | 0.50% | 21.34% | 21.64% |
| December 31, 2024 | 125 | $20.99 | $21.24 | $2637 | 0.00% |  | 0.25% | 0.50% | 38.19% | 38.54% |
| December 31, 2023 | 96 | $15.19 | $15.33 | $1471 | 0.00% |  | 0.25% | 0.50% | 44.92% | 45.29% |
| December 31, 2022 | 51 | $10.48 | $10.55 | $532 | 0.00% |  | 0.25% | 0.50% | -38.46% | -38.30% |
| December 31, 2021 | 40 | $17.03 | $17.11 | $674 | 0.00% |  | 0.25% | 0.50% | 11.38% | 11.66% |
|  | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** | **Fidelity® VIP Growth Portfolio (Initial Class)** |
| December 31, 2025 | 43 | $24.57 | $24.94 | $1076 | 0.29% |  | 0.25% | 0.50% | 14.32% | 14.61% |
| December 31, 2024 | 80 | $21.50 | $21.76 | $1732 | 0.00% | (1) | 0.25% | 0.50% | 29.73% | 30.06% |
| December 31, 2023 | 74 | $16.57 | $16.73 | $1234 | 0.16% |  | 0.25% | 0.50% | 35.56% | 35.90% |
| December 31, 2022 | 43 | $12.22 | $12.31 | $523 | 0.59% |  | 0.25% | 0.50% | -24.83% | -24.65% |
| December 31, 2021 | 5 | $16.26 | $16.29 | $78 | 0.00% |  | 0.40% | 0.50% | 22.60% | 22.72% |
|  | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** | **Fidelity® VIP Investment Grade Bond Portfolio (Initial Class)** |
| December 31, 2025 | 161 | $9.73 | $10.45 | $1676 | 3.49% |  | 0.40% | 1.30% | 5.83% | 6.80% |
| December 31, 2024 | 211 | $9.20 | $9.81 | $2059 | 3.83% |  | 0.35% | 1.30% | 0.46% | 1.43% |
| December 31, 2023 | 136 | $9.15 | $9.65 | $1307 | 4.50% |  | 0.40% | 1.30% | 4.83% | 5.78% |
| December 31, 2022 | 33 | $9.10 | $9.13 | $302 | 2.21% |  | 0.40% | 0.50% | -13.39% | -13.31% |
| December 31, 2021 | 43 | $10.51 | $10.53 | $452 | 3.93% |  | 0.40% | 0.50% | -1.10% | -1.00% |

---

A145

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** | **MFS® New Discovery Series (Initial Class)** |
| December 31, 2025 | 38 | $13.38 | $13.58 | $507 | 0.00% | 0.25% | 0.50% | 12.40% | 12.68% |
| December 31, 2024 | 69 | $11.91 | $12.05 | $830 | 0.00% | 0.25% | 0.50% | 6.19% | 6.45% |
| December 31, 2023 | 50 | $11.21 | $11.32 | $566 | 0.00% | 0.25% | 0.50% | 13.84% | 14.13% |
| December 31, 2022 | 27 | $9.85 | $9.92 | $264 | 0.00% | 0.25% | 0.50% | -30.11% | -29.93% |
| December 31, 2021 | 26 | $14.10 | $14.16 | $368 | 0.00% | 0.25% | 0.50% | 1.29% | 1.55% |
|  | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** | **MFS® Total Return Series (Initial Class)** |
| December 31, 2025 | 25 | $14.31 | $14.52 | $359 | 2.13% | 0.25% | 0.50% | 10.61% | 10.89% |
| December 31, 2024 | 32 | $12.94 | $13.09 | $419 | 2.23% | 0.25% | 0.50% | 7.21% | 7.48% |
| December 31, 2023 | 31 | $12.07 | $12.18 | $374 | 1.43% | 0.25% | 0.50% | 9.89% | 10.17% |
| December 31, 2022 | 103 | $10.98 | $11.06 | $1130 | 1.71% | 0.25% | 0.50% | -10.03% | -9.81% |
| December 31, 2021 | 100 | $12.23 | $12.26 | $1225 | 1.86% | 0.25% | 0.40% | 13.66% | 13.83% |
|  | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** | **MFS® Total Return Bond Series (Initial Class)** |
| December 31, 2025 | 121 | $9.79 | $10.48 | $1256 | 3.89% | 0.25% | 1.30% | 5.78% | 6.90% |
| December 31, 2024 | 126 | $9.26 | $9.80 | $1220 | 3.90% | 0.25% | 1.30% | 1.21% | 2.29% |
| December 31, 2023 | 222 | $9.15 | $9.58 | $2108 | 2.84% | 0.25% | 1.30% | 5.99% | 7.11% |
| December 31, 2022 | 176 | $8.88 | $8.95 | $1566 | 4.14% | 0.25% | 0.50% | -14.36% | -14.15% |
| December 31, 2021 | 36 | $10.37 | $10.42 | $376 | 4.24% | 0.25% | 0.50% | -1.31% | -1.06% |
|  | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** | **Vanguard VIF Equity Index Portfolio** |
| December 31, 2025 | 76 | $21.15 | $21.46 | $1624 | 1.07% | 0.60% | 0.85% | 16.70% | 17.00% |
| December 31, 2024 | 66 | $18.12 | $18.35 | $1197 | 1.33% | 0.60% | 0.85% | 23.78% | 24.09% |
| December 31, 2023 | 74 | $14.64 | $14.78 | $1092 | 1.36% | 0.60% | 0.85% | 25.05% | 25.36% |
| December 31, 2022 | 66 | $11.71 | $11.79 | $777 | 1.20% | 0.60% | 0.85% | -18.92% | -18.72% |
| December 31, 2021 | 36 | $14.44 | $14.51 | $515 | 0.29% | 0.60% | 0.85% | 27.46% | 27.78% |
|  | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** | **Vanguard VIF Global Bond Index Portfolio** |
| December 31, 2025 | 16 | $9.70 | $9.84 | $154 | 2.95% | 0.60% | 0.85% | 4.80% | 5.06% |
| December 31, 2024 | 12 | $9.25 | $9.30 | $116 | 2.61% | 0.75% | 0.85% | 1.16% | 1.27% |
| December 31, 2023 | 21 | $9.15 | $9.18 | $197 | 1.86% | 0.75% | 0.85% | 5.62% | 5.72% |
| December 31, 2022 | 19 | $8.66 | $8.68 | $161 | 2.21% | 0.75% | 0.85% | -13.86% | -13.78% |
| December 31, 2021 | 32 | $10.05 | $10.07 | $324 | 0.88% | 0.75% | 0.85% | -2.67% | -2.58% |
|  | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** | **Vanguard VIF Mid-Cap Index Portfolio** |
| December 31, 2025 | 154 | $16.32 | $16.56 | $2535 | 1.30% | 0.60% | 0.85% | 10.59% | 10.87% |
| December 31, 2024 | 150 | $14.75 | $14.93 | $2225 | 0.97% | 0.60% | 0.85% | 14.09% | 14.38% |
| December 31, 2023 | 102 | $12.93 | $13.06 | $1321 | 1.46% | 0.60% | 0.85% | 14.85% | 15.14% |
| December 31, 2022 | 107 | $11.26 | $11.34 | $1212 | 0.92% | 0.60% | 0.85% | -19.51% | -19.31% |
| December 31, 2021 | 87 | $13.99 | $14.05 | $1226 | 0.14% | 0.60% | 0.85% | 23.30% | 23.61% |
|  | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** | **Vanguard VIF Real Estate Index Portfolio** |
| December 31, 2025 | 108 | $10.53 | $10.68 | $1141 | 2.89% | 0.60% | 0.85% | 2.24% | 2.49% |
| December 31, 2024 | 113 | $10.29 | $10.42 | $1166 | 2.99% | 0.60% | 0.85% | 3.85% | 4.11% |
| December 31, 2023 | 101 | $9.91 | $10.01 | $1005 | 2.42% | 0.60% | 0.85% | 10.75% | 11.03% |
| December 31, 2022 | 91 | $8.95 | $9.02 | $820 | 1.87% | 0.60% | 0.85% | -26.92% | -26.74% |
| December 31, 2021 | 79 | $12.25 | $12.31 | $975 | 0.29% | 0.60% | 0.85% | 39.02% | 39.37% |
|  | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** | **Vanguard VIF Total Bond Market Index Portfolio** |
| December 31, 2025 | 257 | $9.72 | $9.87 | $2507 | 2.84% | 0.60% | 0.85% | 6.03% | 6.30% |
| December 31, 2024 | 180 | $9.17 | $9.28 | $1662 | 2.75% | 0.60% | 0.85% | 0.38% | 0.63% |
| December 31, 2023 | 194 | $9.14 | $9.22 | $1779 | 2.02% | 0.60% | 0.85% | 4.69% | 4.95% |
| December 31, 2022 | 145 | $8.73 | $8.79 | $1269 | 1.84% | 0.60% | 0.85% | -13.95% | -13.73% |
| December 31, 2021 | 110 | $10.14 | $10.19 | $1118 | 0.30% | 0.60% | 0.85% | -2.55% | -2.31% |
|  | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** | **Vanguard VIF Total International Stock Market Index Portfolio** |
| December 31, 2025 | 227 | $15.75 | $15.98 | $3594 | 2.88% | 0.60% | 0.85% | 30.92% | 31.25% |
| December 31, 2024 | 263 | $12.03 | $12.17 | $3182 | 2.84% | 0.60% | 0.85% | 4.16% | 4.42% |
| December 31, 2023 | 292 | $11.55 | $11.66 | $3385 | 2.65% | 0.60% | 0.85% | 14.57% | 14.85% |
| December 31, 2022 | 164 | $10.08 | $10.15 | $1661 | 2.57% | 0.60% | 0.85% | -16.73% | -16.52% |
| December 31, 2021 | 107 | $12.10 | $12.16 | $1297 | 0.55% | 0.60% | 0.85% | 7.61% | 7.88% |

---

A146

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** | **Vanguard VIF Total Stock Market Index Portfolio** |
| December 31, 2025 | 123 | $20.36 | $20.66 | $2515 | 1.19% | 0.60% | 0.85% | 15.94% | 16.23% |
| December 31, 2024 | 137 | $17.56 | $17.78 | $2416 | 1.30% | 0.60% | 0.85% | 22.66% | 22.97% |
| December 31, 2023 | 140 | $14.32 | $14.46 | $2008 | 1.18% | 0.60% | 0.85% | 24.89% | 25.20% |
| December 31, 2022 | 174 | $11.47 | $11.55 | $2005 | 1.05% | 0.60% | 0.85% | -20.27% | -20.07% |
| December 31, 2021 | 100 | $14.38 | $14.45 | $1443 | 0.37% | 0.60% | 0.85% | 24.57% | 24.88% |
|  | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** | **Vanguard VIF Balanced Portfolio** |
| December 31, 2025 | 115 | $16.03 | $16.17 | $1852 | 2.10% | 0.70% | 0.85% | 15.48% | 15.65% |
| December 31, 2024 | 118 | $13.88 | $13.98 | $1648 | 2.18% | 0.70% | 0.85% | 13.82% | 14.00% |
| December 31, 2023 | 176 | $12.20 | $12.27 | $2150 | 2.01% | 0.70% | 0.85% | 13.36% | 13.53% |
| December 31, 2022 | 185 | $10.76 | $10.84 | $1990 | 1.83% | 0.60% | 0.85% | -15.03% | -14.82% |
| December 31, 2021 | 174 | $12.66 | $12.70 | $2203 | 0.15% | 0.70% | 0.85% | 18.01% | 18.18% |
|  | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** | **Vanguard VIF Conservative Allocation Portfolio** |
| December 31, 2025 | 15 | $12.80 | $12.88 | $190 | 2.58% | 0.75% | 0.85% | 11.77% | 11.89% |
| December 31, 2024 | 15 | $11.45 | $11.51 | $170 | 2.66% | 0.75% | 0.85% | 6.57% | 6.68% |
| December 31, 2023 | 24 | $10.75 | $10.79 | $260 | 1.99% | 0.75% | 0.85% | 11.56% | 11.67% |
| December 31, 2022 | 41 | $9.63 | $9.66 | $399 | 2.50% | 0.75% | 0.85% | -15.62% | -15.53% |
| December 31, 2021 | 40 | $11.42 | $11.44 | $455 | 0.50% | 0.75% | 0.85% | 5.09% | 5.19% |
|  | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** | **Vanguard VIF Growth Portfolio** |
| December 31, 2025 | 41 | $21.46 | $21.78 | $891 | 0.21% | 0.60% | 0.85% | 15.89% | 16.19% |
| December 31, 2024 | 44 | $18.52 | $18.74 | $819 | 0.26% | 0.60% | 0.85% | 32.00% | 32.33% |
| December 31, 2023 | 43 | $14.03 | $14.16 | $612 | 0.22% | 0.60% | 0.85% | 38.95% | 39.30% |
| December 31, 2022 | 40 | $10.10 | $10.17 | $404 | 0.00% | 0.60% | 0.85% | -33.93% | -33.76% |
| December 31, 2021 | 31 | $15.28 | $15.35 | $472 | 0.02% | 0.60% | 0.85% | 16.86% | 17.16% |
|  | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** | **Vanguard VIF High Yield Bond Portfolio** |
| December 31, 2025 | 39 | $12.11 | $12.29 | $478 | 6.41% | 0.60% | 0.85% | 8.26% | 8.53% |
| December 31, 2024 | 42 | $11.19 | $11.33 | $476 | 5.02% | 0.60% | 0.85% | 5.54% | 5.81% |
| December 31, 2023 | 34 | $10.60 | $10.70 | $357 | 3.79% | 0.60% | 0.85% | 10.72% | 11.00% |
| December 31, 2022 | 22 | $9.57 | $9.64 | $216 | 3.49% | 0.60% | 0.85% | -10.13% | -9.91% |
| December 31, 2021 | 16 | $10.65 | $10.70 | $167 | 0.32% | 0.60% | 0.85% | 2.80% | 3.06% |
|  | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** | **Vanguard VIF Moderate Allocation Portfolio** |
| December 31, 2025 | 110 | $14.56 | $14.64 | $1609 | 2.52% | 0.75% | 0.85% | 15.20% | 15.32% |
| December 31, 2024 | 127 | $12.64 | $12.79 | $1607 | 2.32% | 0.60% | 0.85% | 9.38% | 9.66% |
| December 31, 2023 | 126 | $11.55 | $11.67 | $1468 | 2.06% | 0.60% | 0.85% | 14.57% | 14.86% |
| December 31, 2022 | 136 | $10.08 | $10.16 | $1383 | 1.93% | 0.60% | 0.85% | -16.64% | -16.43% |
| December 31, 2021 | 36 | $12.10 | $12.15 | $433 | 0.90% | 0.60% | 0.85% | 9.14% | 9.41% |
|  | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** | **Vanguard VIF Short-Term Investment Grade Portfolio** |
| December 31, 2025 | 274 | $11.07 | $11.24 | $3051 | 4.06% | 0.60% | 0.85% | 5.95% | 6.21% |
| December 31, 2024 | 264 | $10.45 | $10.58 | $2770 | 3.70% | 0.60% | 0.85% | 4.00% | 4.26% |
| December 31, 2023 | 263 | $10.05 | $10.15 | $2656 | 1.93% | 0.60% | 0.85% | 5.26% | 5.52% |
| December 31, 2022 | 198 | $9.55 | $9.62 | $1900 | 1.49% | 0.60% | 0.85% | -6.52% | -6.29% |
| December 31, 2021 | 82 | $10.21 | $10.26 | $835 | 0.74% | 0.60% | 0.85% | -1.30% | -1.05% |
|  | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** | **American Funds IS® Asset Allocation Fund (Class 1)** |
| December 31, 2025 | 314 | $16.30 | $16.55 | $5181 | 2.09% | 0.60% | 0.85% | 15.17% | 15.46% |
| December 31, 2024 | 355 | $14.16 | $14.33 | $5058 | 2.42% | 0.60% | 0.85% | 15.74% | 16.03% |
| December 31, 2023 | 363 | $12.23 | $12.35 | $4464 | 2.39% | 0.60% | 0.85% | 13.58% | 13.86% |
| December 31, 2022 | 484 | $10.77 | $10.85 | $5231 | 2.23% | 0.60% | 0.85% | -13.93% | -13.71% |
| December 31, 2021 | 439 | $12.51 | $12.57 | $5504 | 3.08% | 0.60% | 0.85% | 14.42% | 14.71% |
|  | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** | **American Funds IS® Washington Mutual Investors Fund (Class 1)** |
| December 31, 2025 | 118 | $19.93 | $20.23 | $2365 | 1.46% | 0.60% | 0.85% | 16.50% | 16.80% |
| December 31, 2024 | 121 | $17.11 | $17.32 | $2078 | 1.83% | 0.60% | 0.85% | 18.38% | 18.68% |
| December 31, 2023 | 136 | $14.45 | $14.59 | $1964 | 2.63% | 0.60% | 0.85% | 16.66% | 16.95% |
| December 31, 2022 | 87 | $12.39 | $12.48 | $1086 | 2.32% | 0.60% | 0.85% | -9.06% | -8.83% |
| December 31, 2021 | 65 | $13.62 | $13.66 | $884 | 1.99% | 0.70% | 0.85% | 27.03% | 27.22% |

---

A147

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** | **American Funds IS® The Bond Fund of America (Class 1)** |
| December 31, 2025 | 175 | $10.25 | $10.41 | $1808 | 3.83% | 0.60% | 0.85% | 6.49% | 6.76% |
| December 31, 2024 | 272 | $9.63 | $9.75 | $2630 | 4.94% | 0.60% | 0.85% | 0.63% | 0.88% |
| December 31, 2023 | 180 | $9.57 | $9.66 | $1730 | 5.02% | 0.60% | 0.85% | 4.32% | 4.58% |
| December 31, 2022 | 82 | $9.17 | $9.24 | $758 | 3.69% | 0.60% | 0.85% | -13.00% | -12.79% |
| December 31, 2021 | 49 | $10.54 | $10.59 | $516 | 2.59% | 0.60% | 0.85% | -0.99% | -0.74% |
|  | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** | **American Funds IS® Growth Fund (Class 1)** |
| December 31, 2025 | 163 | $25.19 | $25.56 | $4135 | 0.23% | 0.60% | 0.85% | 19.51% | 19.81% |
| December 31, 2024 | 197 | $21.08 | $21.34 | $4175 | 0.57% | 0.60% | 0.85% | 30.84% | 31.17% |
| December 31, 2023 | 207 | $16.11 | $16.27 | $3350 | 0.70% | 0.60% | 0.85% | 37.64% | 37.98% |
| December 31, 2022 | 125 | $11.71 | $11.79 | $1470 | 0.57% | 0.60% | 0.85% | -30.35% | -30.18% |
| December 31, 2021 | 131 | $16.81 | $16.89 | $2203 | 0.63% | 0.60% | 0.85% | 21.26% | 21.56% |
|  | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** | **American Funds IS® Growth-Income Fund (Class 1)** |
| December 31, 2025 | 146 | $20.52 | $20.82 | $3008 | 1.00% | 0.60% | 0.85% | 17.36% | 17.66% |
| December 31, 2024 | 288 | $17.48 | $17.70 | $5069 | 1.39% | 0.60% | 0.85% | 23.48% | 23.79% |
| December 31, 2023 | 260 | $14.16 | $14.30 | $3707 | 1.77% | 0.60% | 0.85% | 25.40% | 25.71% |
| December 31, 2022 | 171 | $11.29 | $11.37 | $1937 | 1.65% | 0.60% | 0.85% | -17.00% | -16.79% |
| December 31, 2021 | 138 | $13.60 | $13.67 | $1880 | 2.03% | 0.60% | 0.85% | 23.36% | 23.67% |
|  | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** | **American Funds IS® U.S. Government Securities Fund (Class 1)** |
| December 31, 2025 | 90 | $10.32 | $10.47 | $931 | 4.18% | 0.60% | 0.85% | 7.09% | 7.36% |
| December 31, 2024 | 112 | $9.63 | $9.75 | $1089 | 4.59% | 0.60% | 0.85% | 0.12% | 0.38% |
| December 31, 2023 | 116 | $9.62 | $9.72 | $1121 | 4.76% | 0.60% | 0.85% | 2.34% | 2.59% |
| December 31, 2022 | 61 | $9.40 | $9.47 | $572 | 5.39% | 0.60% | 0.85% | -11.50% | -11.28% |
| December 31, 2021 | 34 | $10.62 | $10.67 | $358 | 2.07% | 0.60% | 0.85% | -1.29% | -1.04% |
|  | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** | **BlackRock Basic Value V.I. Fund (Class I)** |
| December 31, 2025 | 60 | $18.81 | $19.09 | $1145 | 2.04% | 0.25% | 0.50% | 23.76% | 24.07% |
| December 31, 2024 | 78 | $15.20 | $15.38 | $1192 | 1.93% | 0.25% | 0.50% | 9.82% | 10.10% |
| December 31, 2023 | 99 | $13.84 | $13.97 | $1376 | 2.60% | 0.25% | 0.50% | 16.03% | 16.32% |
| December 31, 2022 | 47 | $11.93 | $12.01 | $558 | 1.58% | 0.25% | 0.50% | -5.39% | -5.16% |
| December 31, 2021 | 42 | $12.61 | $12.66 | $535 | 1.59% | 0.25% | 0.50% | 21.07% | 21.37% |
|  | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** | **BlackRock Capital Appreciation V.I. Fund (Class I)** |
| December 31, 2025 | 14 | $21.07 | $21.38 | $288 | 0.00% | 0.25% | 0.50% | 11.48% | 11.76% |
| December 31, 2024 | 35 | $18.90 | $19.13 | $673 | 0.00% | 0.25% | 0.50% | 31.62% | 31.95% |
| December 31, 2023 | 59 | $14.36 | $14.50 | $855 | 0.00% | 0.25% | 0.50% | 48.26% | 48.63% |
| December 31, 2022 | 64 | $9.68 | $9.75 | $624 | 0.00% | 0.25% | 0.50% | -37.95% | -37.79% |
| December 31, 2021 | 25 | $15.61 | $15.64 | $391 | 0.00% | 0.40% | 0.50% | 20.55% | 20.67% |
|  | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** | **BlackRock Equity Dividend V.I. Fund (Class I)** |
| December 31, 2025 | 62 | $17.60 | $17.76 | $1094 | 2.01% | 0.35% | 0.50% | 20.94% | 21.12% |
| December 31, 2024 | 226 | $14.56 | $14.66 | $3317 | 2.57% | 0.35% | 0.50% | 9.51% | 9.67% |
| December 31, 2023 | 226 | $13.29 | $13.42 | $3024 | 2.08% | 0.25% | 0.50% | 11.68% | 11.96% |
| December 31, 2022 | 210 | $11.90 | $11.99 | $2509 | 1.68% | 0.25% | 0.50% | -4.33% | -4.09% |
| December 31, 2021 | 227 | $12.44 | $12.50 | $2838 | 1.89% | 0.25% | 0.50% | 19.94% | 20.24% |
|  | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** | **BlackRock Global Allocation V.I. Fund (Class I)** |
| December 31, 2025 | 94 | $15.27 | $15.50 | $1446 | 4.07% | 0.25% | 0.50% | 19.20% | 19.50% |
| December 31, 2024 | 80 | $12.81 | $12.97 | $1035 | 1.21% | 0.25% | 0.50% | 8.68% | 8.96% |
| December 31, 2023 | 139 | $11.79 | $11.90 | $1645 | 2.28% | 0.25% | 0.50% | 12.27% | 12.55% |
| December 31, 2022 | 145 | $10.50 | $10.57 | $1527 | 0.00% | 0.25% | 0.50% | -16.28% | -16.07% |
| December 31, 2021 | 100 | $12.54 | $12.60 | $1258 | 1.29% | 0.25% | 0.50% | 6.14% | 6.41% |
|  | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** | **Dimensional VA Global Bond Portfolio** |
| December 31, 2025 | 46 | $10.29 | $10.38 | $480 | 4.21% | 0.70% | 0.85% | 3.47% | 3.62% |
| December 31, 2024 | 48 | $9.94 | $10.02 | $478 | 8.47% | 0.70% | 0.85% | 4.49% | 4.64% |
| December 31, 2023 | 25 | $9.52 | $9.61 | $242 | 2.88% | 0.60% | 0.85% | 4.16% | 4.43% |
| December 31, 2022 | 50 | $9.14 | $9.20 | $463 | 1.58% | 0.60% | 0.85% | -7.13% | -6.89% |
| December 31, 2021 | 51 | $9.84 | $9.88 | $500 | 1.22% | 0.60% | 0.85% | -1.88% | -1.64% |

---

A148

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** | **Dimensional VA Short-Term Fixed Portfolio** |
| December 31, 2025 | 81 | $10.88 | $11.04 | $891 | 4.27% | 0.60% | 0.85% | 3.45% | 3.71% |
| December 31, 2024 | 79 | $10.51 | $10.64 | $835 | 5.00% | 0.60% | 0.85% | 4.58% | 4.85% |
| December 31, 2023 | 111 | $10.05 | $10.15 | $1121 | 3.50% | 0.60% | 0.85% | 4.09% | 4.35% |
| December 31, 2022 | 91 | $9.66 | $9.73 | $885 | 1.36% | 0.60% | 0.85% | -1.99% | -1.75% |
| December 31, 2021 | 80 | $9.85 | $9.90 | $788 | 0.01% | 0.60% | 0.85% | -1.03% | -0.78% |
|  | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** | **Dimensional VA U.S. Large Value Portfolio** |
| December 31, 2025 | 78 | $16.79 | $17.04 | $1318 | 1.90% | 0.60% | 0.85% | 14.84% | 15.13% |
| December 31, 2024 | 87 | $14.62 | $14.80 | $1271 | 2.14% | 0.60% | 0.85% | 12.42% | 12.70% |
| December 31, 2023 | 105 | $13.01 | $13.13 | $1375 | 2.63% | 0.60% | 0.85% | 9.98% | 10.26% |
| December 31, 2022 | 125 | $11.83 | $11.91 | $1480 | 2.54% | 0.60% | 0.85% | -5.68% | -5.45% |
| December 31, 2021 | 49 | $12.54 | $12.60 | $620 | 2.67% | 0.60% | 0.85% | 25.96% | 26.28% |
|  | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** | **Dimensional VA U.S. Targeted Value Portfolio** |
| December 31, 2025 | 143 | $19.50 | $19.79 | $2821 | 1.89% | 0.60% | 0.85% | 8.02% | 8.29% |
| December 31, 2024 | 145 | $18.05 | $18.27 | $2636 | 2.02% | 0.60% | 0.85% | 7.22% | 7.49% |
| December 31, 2023 | 110 | $16.83 | $17.00 | $1867 | 2.02% | 0.60% | 0.85% | 19.02% | 19.32% |
| December 31, 2022 | 68 | $14.14 | $14.25 | $962 | 1.72% | 0.60% | 0.85% | -5.02% | -4.79% |
| December 31, 2021 | 20 | $14.89 | $14.96 | $302 | 3.03% | 0.60% | 0.85% | 38.50% | 38.84% |
|  | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** | **Fidelity® VIP Balanced Portfolio (Initial Class)** |
| December 31, 2025 | 122 | $18.01 | $18.27 | $2205 | 1.64% | 0.25% | 0.50% | 14.63% | 14.92% |
| December 31, 2024 | 135 | $15.71 | $15.90 | $2125 | 1.86% | 0.25% | 0.50% | 15.34% | 15.63% |
| December 31, 2023 | 116 | $13.62 | $13.75 | $1578 | 1.62% | 0.25% | 0.50% | 20.92% | 21.22% |
| December 31, 2022 | 232 | $11.26 | $11.34 | $2615 | 1.29% | 0.25% | 0.50% | -18.35% | -18.15% |
| December 31, 2021 | 312 | $13.79 | $13.86 | $4308 | 1.00% | 0.25% | 0.50% | 17.67% | 17.97% |
|  | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** | **Fidelity® VIP Consumer Discretionary Portfolio (Initial Class)** |
| December 31, 2025 | 4 | $18.78 | $18.78 | $67 | 0.07% | 0.40% | 0.40% | 6.37% | 6.37% |
| December 31, 2024 | 4 | $17.65 | $17.65 | $64 | 0.04% | 0.40% | 0.40% | 24.21% | 24.21% |
| December 31, 2023 | 5 | $14.21 | $14.30 | $66 | 0.03% | 0.25% | 0.40% | 41.43% | 41.64% |
| December 31, 2022 | 30 | $10.02 | $10.09 | $307 | 0.00% | 0.25% | 0.50% | -34.96% | -34.80% |
| December 31, 2021 | 7 | $15.41 | $15.44 | $112 | 0.00% | 0.40% | 0.50% | 18.81% | 18.93% |
|  | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** | **Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class)** |
| December 31, 2025 | 51 | $19.11 | $19.39 | $986 | 0.89% | 0.25% | 0.50% | 16.79% | 17.09% |
| December 31, 2024 | 39 | $16.36 | $16.44 | $644 | 1.22% | 0.40% | 0.50% | 16.29% | 16.40% |
| December 31, 2023 | 30 | $14.07 | $14.21 | $418 | 1.01% | 0.25% | 0.50% | 20.36% | 20.66% |
| December 31, 2022 | 52 | $11.69 | $11.78 | $616 | 0.87% | 0.25% | 0.50% | -18.64% | -18.44% |
| December 31, 2021 | 29 | $14.37 | $14.44 | $420 | 0.41% | 0.25% | 0.50% | 20.05% | 20.36% |
|  | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** | **Fidelity® VIP Emerging Markets Portfolio (Initial Class)** |
| December 31, 2025 | 188 | $17.19 | $17.45 | $3261 | 1.89% | 0.25% | 0.50% | 40.50% | 40.85% |
| December 31, 2024 | 212 | $12.24 | $12.39 | $2613 | 1.65% | 0.25% | 0.50% | 9.48% | 9.76% |
| December 31, 2023 | 148 | $11.18 | $11.29 | $1658 | 2.71% | 0.25% | 0.50% | 9.11% | 9.39% |
| December 31, 2022 | 109 | $10.24 | $10.32 | $1116 | 1.96% | 0.25% | 0.50% | -20.51% | -20.31% |
| December 31, 2021 | 76 | $12.89 | $12.95 | $988 | 3.53% | 0.25% | 0.50% | -2.73% | -2.49% |
|  | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** | **Fidelity® VIP Financials Portfolio (Initial Class)** |
| December 31, 2025 | 17 | $20.83 | $20.95 | $347 | 1.73% | 0.40% | 0.50% | 14.60% | 14.72% |
| December 31, 2024 | 20 | $18.18 | $18.27 | $356 | 1.66% | 0.40% | 0.50% | 32.06% | 32.20% |
| December 31, 2023 | 24 | $13.76 | $13.90 | $325 | 2.92% | 0.25% | 0.50% | 14.16% | 14.44% |
| December 31, 2022 | 35 | $12.06 | $12.14 | $424 | 1.98% | 0.25% | 0.50% | -8.79% | -8.56% |
| December 31, 2021 | 8 | $13.22 | $13.24 | $101 | 3.20% | 0.40% | 0.50% | 32.53% | 32.66% |
|  | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** | **Fidelity® VIP Floating Rate High Income Portfolio (Initial Class)** |
| December 31, 2025 | 82 | $13.34 | $13.54 | $1105 | 7.26% | 0.25% | 0.50% | 4.80% | 5.06% |
| December 31, 2024 | 173 | $12.73 | $12.89 | $2213 | 8.14% | 0.25% | 0.50% | 7.96% | 8.23% |
| December 31, 2023 | 174 | $11.79 | $11.91 | $2066 | 7.90% | 0.25% | 0.50% | 11.62% | 11.89% |
| December 31, 2022 | 127 | $10.56 | $10.64 | $1344 | 4.52% | 0.25% | 0.50% | -1.01% | -0.76% |
| December 31, 2021 | 39 | $10.67 | $10.72 | $415 | 5.09% | 0.25% | 0.50% | 4.68% | 4.95% |

---

A149

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** | **Fidelity® VIP Health Care Portfolio (Initial Class)** |
| December 31, 2025 | 19 | $13.98 | $14.06 | $262 | 0.35% | 0.40% | 0.50% | 13.82% | 13.94% |
| December 31, 2024 | 29 | $12.28 | $12.34 | $352 | 0.00% | 0.40% | 0.50% | 4.61% | 4.71% |
| December 31, 2023 | 29 | $11.74 | $11.85 | $340 | 0.00% | 0.25% | 0.50% | 3.74% | 4.00% |
| December 31, 2022 | 52 | $11.31 | $11.40 | $588 | 0.00% | 0.25% | 0.50% | -12.85% | -12.63% |
| December 31, 2021 | 19 | $12.98 | $13.01 | $248 | 0.01% | 0.40% | 0.50% | 11.17% | 11.29% |
|  | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** | **Fidelity® VIP Industrials Portfolio (Initial Class)** |
| December 31, 2025 | 15 | $20.95 | $21.26 | $313 | 0.09% | 0.25% | 0.50% | 23.89% | 24.20% |
| December 31, 2024 | 15 | $16.91 | $17.12 | $252 | 0.71% | 0.25% | 0.50% | 23.02% | 23.33% |
| December 31, 2023 | 11 | $13.75 | $13.88 | $157 | 0.33% | 0.25% | 0.50% | 22.64% | 22.95% |
| December 31, 2022 | 34 | $11.21 | $11.29 | $387 | 0.18% | 0.25% | 0.50% | -10.75% | -10.53% |
| December 31, 2021 | 3 | $12.56 | $12.58 | $43 | 0.00% | 0.40% | 0.50% | 16.50% | 16.62% |
|  | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** | **Fidelity® VIP International Capital Appreciation Portfolio (Initial Class)** |
| December 31, 2025 | 167 | $15.62 | $15.85 | $2616 | 0.90% | 0.25% | 0.50% | 18.10% | 18.39% |
| December 31, 2024 | 242 | $13.22 | $13.39 | $3210 | 1.02% | 0.25% | 0.50% | 7.65% | 7.92% |
| December 31, 2023 | 171 | $12.28 | $12.40 | $2105 | 0.59% | 0.25% | 0.50% | 26.86% | 27.18% |
| December 31, 2022 | 78 | $9.68 | $9.75 | $760 | 0.33% | 0.25% | 0.50% | -26.76% | -26.58% |
| December 31, 2021 | 42 | $13.22 | $13.28 | $558 | 0.00% | 0.25% | 0.50% | 11.78% | 12.06% |
|  | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** | **Fidelity® VIP Mid Cap Portfolio (Initial Class)** |
| December 31, 2025 | 127 | $18.21 | $18.48 | $2325 | 0.44% | 0.25% | 0.50% | 11.19% | 11.47% |
| December 31, 2024 | 129 | $16.38 | $16.58 | $2125 | 0.56% | 0.25% | 0.50% | 16.90% | 17.20% |
| December 31, 2023 | 140 | $14.01 | $14.14 | $1969 | 0.83% | 0.25% | 0.50% | 14.50% | 14.79% |
| December 31, 2022 | 76 | $12.23 | $12.32 | $932 | 0.55% | 0.25% | 0.50% | -15.17% | -14.96% |
| December 31, 2021 | 40 | $14.42 | $14.49 | $582 | 0.74% | 0.25% | 0.50% | 24.97% | 25.29% |
|  | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** | **Fidelity® VIP Strategic Income Portfolio (Initial Class)** |
| December 31, 2025 | 206 | $11.92 | $12.10 | $2476 | 3.75% | 0.25% | 0.50% | 8.30% | 8.58% |
| December 31, 2024 | 242 | $11.01 | $11.15 | $2683 | 3.86% | 0.25% | 0.50% | 5.54% | 5.81% |
| December 31, 2023 | 201 | $10.43 | $10.53 | $2102 | 6.92% | 0.25% | 0.50% | 8.86% | 9.14% |
| December 31, 2022 | 89 | $9.58 | $9.65 | $859 | 6.24% | 0.25% | 0.50% | -11.70% | -11.48% |
| December 31, 2021 | 8 | $10.85 | $10.87 | $90 | 5.99% | 0.40% | 0.50% | 3.22% | 3.32% |
|  | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** | **Fidelity® VIP Technology Portfolio (Initial Class)** |
| December 31, 2025 | 47 | $31.65 | $32.12 | $1502 | 0.00% | 0.25% | 0.50% | 22.15% | 22.46% |
| December 31, 2024 | 67 | $25.91 | $26.23 | $1748 | 0.00% | 0.25% | 0.50% | 34.91% | 35.25% |
| December 31, 2023 | 67 | $19.21 | $19.39 | $1295 | 0.16% | 0.25% | 0.50% | 57.53% | 57.92% |
| December 31, 2022 | 50 | $12.19 | $12.28 | $616 | 0.00% | 0.25% | 0.50% | -36.18% | -36.02% |
| December 31, 2021 | 22 | $19.10 | $19.19 | $421 | 0.00% | 0.25% | 0.50% | 27.52% | 27.84% |
|  | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** | **Fidelity® VIP Utilities Portfolio (Initial Class)** |
| December 31, 2025 | 18 | $16.30 | $16.54 | $292 | 1.60% | 0.25% | 0.50% | 13.54% | 13.82% |
| December 31, 2024 | 41 | $14.35 | $14.53 | $592 | 2.02% | 0.25% | 0.50% | 28.35% | 28.68% |
| December 31, 2023 | 37 | $11.18 | $11.23 | $419 | 2.81% | 0.40% | 0.50% | -1.53% | -1.43% |
| December 31, 2022 | 15 | $11.36 | $11.39 | $169 | 2.21% | 0.40% | 0.50% | 4.90% | 5.00% |
| December 31, 2021 | 2 | $10.83 | $10.85 | $18 | 7.50% | 0.40% | 0.50% | 16.91% | 17.03% |
|  | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** | **ClearBridge Variable Mid Cap Portfolio (Class I)** |
| December 31, 2025 | 10 | $13.55 | $13.67 | $137 | 0.27% | 0.35% | 0.50% | 3.82% | 3.98% |
| December 31, 2024 | 12 | $13.05 | $13.15 | $156 | 0.60% | 0.35% | 0.50% | 9.45% | 9.62% |
| December 31, 2023 | 19 | $11.92 | $12.04 | $232 | 0.12% | 0.25% | 0.50% | 12.36% | 12.64% |
| December 31, 2022 | 25 | $10.61 | $10.69 | $269 | 0.39% | 0.25% | 0.50% | -25.69% | -25.50% |
| December 31, 2021 | 17 | $14.28 | $14.31 | $239 | 0.03% | 0.40% | 0.50% | 28.06% | 28.19% |
|  | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** | **ClearBridge Variable Small Cap Growth Portfolio (Class I)** |
| December 31, 2025 | 85 | $13.16 | $13.35 | $1127 | 0.00% | 0.25% | 0.50% | 8.69% | 8.96% |
| December 31, 2024 | 99 | $12.11 | $12.25 | $1202 | 0.00% | 0.25% | 0.50% | 3.98% | 4.24% |
| December 31, 2023 | 89 | $11.64 | $11.76 | $1046 | 0.00% | 0.25% | 0.50% | 7.86% | 8.13% |
| December 31, 2022 | 67 | $10.79 | $10.87 | $728 | 0.00% | 0.25% | 0.50% | -29.20% | -29.02% |
| December 31, 2021 | 60 | $15.25 | $15.32 | $913 | 0.00% | 0.25% | 0.50% | 12.05% | 12.33% |

---

A150

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** | **Western Asset Core Plus VIT Portfolio (Class I)** |
| December 31, 2025 | 78 | $9.18 | $9.77 | $753 | 1.78% | 0.25% | 1.30% | 6.35% | 7.48% |
| December 31, 2024 | 307 | $8.98 | $9.09 | $2781 | 8.87% | 0.25% | 0.50% | -0.92% | -0.67% |
| December 31, 2023 | 280 | $9.06 | $9.15 | $2554 | 4.11% | 0.25% | 0.50% | 6.28% | 6.55% |
| December 31, 2022 | 240 | $8.52 | $8.56 | $2050 | 2.10% | 0.35% | 0.50% | -17.64% | -17.52% |
| December 31, 2021 | 229 | $10.35 | $10.38 | $2372 | 4.94% | 0.35% | 0.50% | -2.46% | -2.31% |
|  | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** | **Western Asset Variable Global High Yield Bond Portfolio (Class I)** |
| December 31, 2025 | 35 | $11.66 | $11.84 | $408 | 6.15% | 0.25% | 0.50% | 9.41% | 9.68% |
| December 31, 2024 | 35 | $10.66 | $10.71 | $379 | 6.75% | 0.40% | 0.50% | 6.52% | 6.63% |
| December 31, 2023 | 36 | $10.01 | $10.05 | $364 | 17.89% | 0.40% | 0.50% | 9.71% | 9.82% |
| December 31, 2022 | 6 | $9.12 | $9.15 | $53 | 6.52% | 0.40% | 0.50% | -14.15% | -14.07% |
| December 31, 2021 | 7 | $10.63 | $10.65 | $73 | 5.24% | 0.40% | 0.50% | 0.82% | 0.92% |
|  | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** | **MFS® Mid Cap Growth Series (Initial Class)** |
| December 31, 2025 | 51 | $14.58 | $14.79 | $749 | 0.00% | 0.25% | 0.50% | 3.15% | 3.40% |
| December 31, 2024 | 111 | $14.13 | $14.31 | $1569 | 0.00% | 0.25% | 0.50% | 14.15% | 14.43% |
| December 31, 2023 | 70 | $12.38 | $12.50 | $869 | 0.00% | 0.25% | 0.50% | 20.72% | 21.02% |
| December 31, 2022 | 60 | $10.26 | $10.33 | $613 | 0.00% | 0.25% | 0.50% | -29.05% | -28.88% |
| December 31, 2021 | 41 | $14.46 | $14.50 | $600 | 0.00% | 0.35% | 0.50% | 13.54% | 13.71% |
|  | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** | **MFS® International Intrinsic Value Portfolio (Initial Class)** |
| December 31, 2025 | 64 | $16.50 | $16.74 | $1062 | 1.35% | 0.25% | 0.50% | 32.59% | 32.92% |
| December 31, 2024 | 111 | $12.44 | $12.60 | $1382 | 1.42% | 0.25% | 0.50% | 6.71% | 6.98% |
| December 31, 2023 | 118 | $11.66 | $11.77 | $1380 | 0.87% | 0.25% | 0.50% | 17.07% | 17.36% |
| December 31, 2022 | 33 | $9.96 | $10.03 | $325 | 0.82% | 0.25% | 0.50% | -23.94% | -23.75% |
| December 31, 2021 | 17 | $13.10 | $13.12 | $223 | 0.40% | 0.40% | 0.50% | 10.00% | 10.11% |
|  | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class)** |
| December 31, 2025 | 6 | $18.51 | $18.68 | $116 | 0.27% | 0.35% | 0.50% | 9.35% | 9.52% |
| December 31, 2024 | 8 | $16.93 | $17.05 | $128 | 0.32% | 0.35% | 0.50% | 15.68% | 15.86% |
| December 31, 2023 | 12 | $14.63 | $14.72 | $179 | 0.40% | 0.35% | 0.50% | 23.39% | 23.57% |
| December 31, 2022 | 5 | $11.86 | $11.91 | $65 | 0.13% | 0.35% | 0.50% | -19.66% | -19.54% |
| December 31, 2021 | 2 | $14.76 | $14.76 | $35 | 0.29% | 0.50% | 0.50% | 25.34% | 25.34% |
|  | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** |
| December 31, 2025 | 661 | $17.44 | $18.29 | $11758 | 0.80% | 0.48% | 1.30% | 19.24% | 20.23% |
| December 31, 2024 | 507 | $14.63 | $15.21 | $7541 | 0.88% | 0.48% | 1.30% | 7.34% | 8.24% |
| December 31, 2023 | 485 | $13.63 | $14.05 | $6705 | 0.97% | 0.48% | 1.30% | 12.91% | 13.85% |
| December 31, 2022 | 375 | $12.07 | $12.34 | $4575 | 0.47% | 0.48% | 1.30% | -16.28% | -15.59% |
| December 31, 2021 | 164 | $14.42 | $14.62 | $2399 | 0.43% | 0.48% | 1.30% | 4.47% | 8.47% |
|  | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** | **MFS® Massachusetts Investors Growth Stock Portfolio (Service Class)** |
| December 31, 2025 | 210 | $20.61 | $21.06 | $4408 | 0.02% | 0.48% | 0.86% | 8.66% | 9.08% |
| December 31, 2024 | 209 | $18.97 | $19.31 | $4031 | 0.13% | 0.48% | 0.86% | 14.98% | 15.42% |
| December 31, 2023 | 169 | $16.50 | $16.73 | $2818 | 0.05% | 0.48% | 0.86% | 22.65% | 23.11% |
| December 31, 2022 | 93 | $13.45 | $13.59 | $1264 | 0.00% | 0.48% | 0.86% | -20.14% | -19.83% |
| December 31, 2021 | 50 | $16.84 | $16.95 | $846 | 0.04% | 0.48% | 0.86% | 24.58% | 25.05% |
|  | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** | **MFS® Technology Portfolio (Service Class)** |
| December 31, 2025 | 916 | $24.80 | $25.35 | $23145 | 0.00% | 0.48% | 0.86% | 15.28% | 15.72% |
| December 31, 2024 | 983 | $21.51 | $21.90 | $21469 | 0.00% | 0.48% | 0.86% | 35.27% | 35.79% |
| December 31, 2023 | 1099 | $15.91 | $16.13 | $17682 | 0.00% | 0.48% | 0.86% | 52.50% | 53.08% |
| December 31, 2022 | 993 | $10.43 | $10.54 | $10442 | 0.00% | 0.48% | 0.86% | -36.40% | -36.16% |
| December 31, 2021 | 829 | $16.40 | $16.51 | $13673 | 0.00% | 0.48% | 0.86% | 12.45% | 12.88% |
|  | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** | **MFS® Investors Trust Series (Service Class)** |
| December 31, 2025 | 24 | $21.04 | $21.50 | $507 | 0.58% | 0.48% | 0.86% | 12.35% | 12.78% |
| December 31, 2024 | 26 | $18.84 | $19.06 | $502 | 0.45% | 0.48% | 0.73% | 18.35% | 18.65% |
| December 31, 2023 | 25 | $15.92 | $16.07 | $393 | 0.47% | 0.48% | 0.73% | 17.80% | 18.10% |
| December 31, 2022 | 30 | $13.51 | $13.60 | $402 | 0.41% | 0.48% | 0.73% | -17.30% | -17.09% |
| December 31, 2021 | 32 | $16.34 | $16.41 | $520 | 0.46% | 0.48% | 0.73% | 25.58% | 25.90% |

---

A151

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** | **MFS® Mid Cap Growth Series (Service Class)** |
| December 31, 2025 | 663 | $16.40 | $16.76 | $11075 | 0.00% | 0.86% | 2.51% | 2.90% |
| December 31, 2024 | 610 | $16.00 | $16.29 | $9905 | 0.00% | 0.86% | 13.46% | 13.89% |
| December 31, 2023 | 608 | $14.10 | $14.30 | $8669 | 0.00% | 0.86% | 19.94% | 20.39% |
| December 31, 2022 | 559 | $11.76 | $11.88 | $6632 | 0.00% | 0.86% | -29.40% | -29.13% |
| December 31, 2021 | 467 | $16.66 | $16.77 | $7817 | 0.00% | 0.86% | 12.90% | 13.33% |
|  | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** | **MFS® New Discovery Series (Service Class)** |
| December 31, 2025 | 183 | $15.56 | $15.91 | $2903 | 0.00% | 0.86% | 11.59% | 12.02% |
| December 31, 2024 | 205 | $13.95 | $14.20 | $2906 | 0.00% | 0.86% | 5.52% | 5.92% |
| December 31, 2023 | 227 | $13.22 | $13.41 | $3040 | 0.00% | 0.86% | 13.27% | 13.71% |
| December 31, 2022 | 230 | $11.67 | $11.79 | $2708 | 0.00% | 0.86% | -30.60% | -30.33% |
| December 31, 2021 | 208 | $16.81 | $16.92 | $3508 | 0.00% | 0.86% | 0.70% | 1.09% |
|  | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** | **MFS® Research Series (Service Class)** |
| December 31, 2025 | 44 | $20.79 | $21.25 | $930 | 0.16% | 0.86% | 11.60% | 12.03% |
| December 31, 2024 | 41 | $18.63 | $18.96 | $782 | 0.40% | 0.86% | 17.54% | 17.99% |
| December 31, 2023 | 44 | $15.85 | $16.07 | $709 | 0.28% | 0.86% | 21.07% | 21.54% |
| December 31, 2022 | 36 | $13.09 | $13.23 | $477 | 0.19% | 0.86% | -18.14% | -17.83% |
| December 31, 2021 | 31 | $15.99 | $16.09 | $494 | 0.37% | 0.86% | 23.44% | 23.92% |
|  | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** |
| December 31, 2025 | 2791 | $9.96 | $10.44 | $28400 | 4.22% | 1.30% | 5.55% | 6.43% |
| December 31, 2024 | 2528 | $9.43 | $9.81 | $24328 | 4.14% | 1.30% | 0.99% | 1.84% |
| December 31, 2023 | 2383 | $9.34 | $9.63 | $22616 | 3.21% | 1.30% | 5.74% | 6.62% |
| December 31, 2022 | 2032 | $8.83 | $9.03 | $18161 | 2.72% | 1.30% | -15.30% | -14.59% |
| December 31, 2021 | 1053 | $10.43 | $10.58 | $11112 | 2.64% | 1.30% | -1.92% | -0.45% |
|  | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| December 31, 2025 | 2138 | $15.15 | $15.80 | $32726 | 2.56% | 1.30% | 9.47% | 10.38% |
| December 31, 2024 | 1947 | $13.84 | $14.32 | $27187 | 2.33% | 1.30% | 6.06% | 6.94% |
| December 31, 2023 | 1796 | $13.05 | $13.39 | $23620 | 1.88% | 1.30% | 8.79% | 9.69% |
| December 31, 2022 | 1503 | $11.99 | $12.21 | $18134 | 1.80% | 1.30% | -11.01% | -10.27% |
| December 31, 2021 | 511 | $13.48 | $13.60 | $6941 | 1.79% | 1.30% | 4.19% | 13.29% |
|  | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** | **MFS® Utilities Series (Service Class)** |
| December 31, 2025 | 497 | $16.58 | $16.94 | $8394 | 2.76% | 0.86% | 13.77% | 14.21% |
| December 31, 2024 | 462 | $14.57 | $14.84 | $6838 | 2.09% | 0.86% | 10.38% | 10.81% |
| December 31, 2023 | 521 | $13.20 | $13.39 | $6958 | 3.25% | 0.86% | -3.17% | -2.80% |
| December 31, 2022 | 600 | $13.63 | $13.77 | $8254 | 2.44% | 0.86% | -0.38% | 0.00% |
| December 31, 2021 | 295 | $13.69 | $13.77 | $4054 | 1.61% | 0.86% | 12.84% | 13.28% |
|  | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** | **Fidelity® VIP Contrafund℠ Portfolio (Service Class 2)** |
| December 31, 2025 | 942 | $21.21 | $21.65 | $20336 | 0.00% | 0.86% | 20.15% | 20.61% |
| December 31, 2024 | 648 | $17.65 | $17.95 | $11602 | 0.03% | 0.86% | 32.30% | 32.80% |
| December 31, 2023 | 638 | $13.34 | $13.52 | $8606 | 0.28% | 0.86% | 31.98% | 32.48% |
| December 31, 2022 | 654 | $10.11 | $10.20 | $6667 | 0.33% | 0.86% | -27.12% | -26.84% |
| December 31, 2021 | 415 | $13.87 | $13.95 | $5777 | 0.01% | 0.86% | 26.42% | 26.90% |
|  | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** | **American Funds IS® Asset Allocation Fund (Class 4)** |
| December 31, 2025 | 2437 | $15.79 | $16.12 | $39082 | 1.88% | 0.86% | 14.60% | 15.04% |
| December 31, 2024 | 2336 | $13.78 | $14.02 | $32584 | 1.93% | 0.86% | 15.11% | 15.55% |
| December 31, 2023 | 2550 | $11.97 | $12.13 | $30800 | 2.21% | 0.86% | 13.05% | 13.48% |
| December 31, 2022 | 2126 | $10.59 | $10.69 | $22655 | 1.67% | 0.86% | -14.40% | -14.08% |
| December 31, 2021 | 2036 | $12.37 | $12.44 | $25283 | 1.72% | 0.86% | 13.85% | 14.29% |
|  | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** | **American Funds IS® Washington Mutual Investors Fund (Class 4)** |
| December 31, 2025 | 700 | $20.14 | $20.55 | $14332 | 1.30% | 0.86% | 15.89% | 16.34% |
| December 31, 2024 | 654 | $17.37 | $17.67 | $11515 | 1.50% | 0.86% | 17.83% | 18.28% |
| December 31, 2023 | 624 | $14.75 | $14.94 | $9309 | 1.72% | 0.86% | 15.97% | 16.41% |
| December 31, 2022 | 641 | $12.72 | $12.83 | $8216 | 1.95% | 0.86% | -9.47% | -9.12% |
| December 31, 2021 | 408 | $14.05 | $14.12 | $5754 | 1.76% | 0.86% | 26.42% | 26.90% |

---

A152

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** | **American Funds IS® The Bond Fund of America (Class 4)** |
| December 31, 2025 | 1368 | $9.51 | $9.71 | $13226 | 4.35% | 0.86% | 6.06% | 6.47% |
| December 31, 2024 | 1152 | $8.97 | $9.12 | $10474 | 4.12% | 0.86% | 0.10% | 0.49% |
| December 31, 2023 | 1091 | $8.96 | $9.07 | $9880 | 3.55% | 0.86% | 3.83% | 4.22% |
| December 31, 2022 | 905 | $8.63 | $8.71 | $7862 | 2.95% | 0.86% | -13.50% | -13.17% |
| December 31, 2021 | 606 | $9.97 | $10.03 | $6067 | 1.62% | 0.86% | -1.44% | -1.06% |
|  | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** | **American Funds IS® Capital World Growth and Income Fund (Class 4)** |
| December 31, 2025 | 553 | $17.49 | $17.86 | $9841 | 1.32% | 0.86% | 23.39% | 23.86% |
| December 31, 2024 | 477 | $14.18 | $14.42 | $6858 | 1.58% | 0.86% | 12.71% | 13.15% |
| December 31, 2023 | 423 | $12.58 | $12.74 | $5377 | 1.79% | 0.86% | 19.62% | 20.07% |
| December 31, 2022 | 392 | $10.51 | $10.61 | $4150 | 2.35% | 0.86% | -18.28% | -17.97% |
| December 31, 2021 | 282 | $12.87 | $12.93 | $3641 | 2.36% | 0.86% | 13.48% | 13.91% |
|  | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** | **American Funds IS® Global Small Capitalization Fund (Class 4)** |
| December 31, 2025 | 245 | $12.05 | $12.30 | $3001 | 0.22% | 0.86% | 13.35% | 13.78% |
| December 31, 2024 | 206 | $10.63 | $10.81 | $2221 | 0.84% | 0.86% | 1.24% | 1.63% |
| December 31, 2023 | 203 | $10.50 | $10.64 | $2161 | 0.03% | 0.86% | 14.79% | 15.23% |
| December 31, 2022 | 180 | $9.15 | $9.23 | $1658 | 0.00% | 0.86% | -30.29% | -30.03% |
| December 31, 2021 | 156 | $13.15 | $13.19 | $2052 | 0.00% | 0.73% | 5.65% | 5.92% |
|  | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** | **American Funds IS® Growth Fund (Class 4)** |
| December 31, 2025 | 2008 | $21.66 | $22.11 | $44258 | 0.12% | 0.86% | 18.90% | 19.35% |
| December 31, 2024 | 1636 | $18.22 | $18.53 | $30231 | 0.17% | 0.86% | 30.16% | 30.66% |
| December 31, 2023 | 1544 | $14.00 | $14.18 | $21844 | 0.18% | 0.86% | 36.95% | 37.48% |
| December 31, 2022 | 1356 | $10.22 | $10.31 | $13961 | 0.11% | 0.86% | -30.71% | -30.45% |
| December 31, 2021 | 895 | $14.75 | $14.83 | $13257 | 0.05% | 0.86% | 20.64% | 21.10% |
|  | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** | **American Funds IS® Growth-Income Fund (Class 4)** |
| December 31, 2025 | 721 | $20.04 | $20.46 | $14690 | 0.77% | 0.86% | 16.76% | 17.21% |
| December 31, 2024 | 620 | $17.17 | $17.46 | $10787 | 0.96% | 0.86% | 22.85% | 23.32% |
| December 31, 2023 | 583 | $13.97 | $14.16 | $8234 | 1.27% | 0.86% | 24.75% | 25.22% |
| December 31, 2022 | 493 | $11.20 | $11.30 | $5564 | 1.19% | 0.86% | -17.42% | -17.10% |
| December 31, 2021 | 384 | $13.56 | $13.64 | $5228 | 1.36% | 0.86% | 22.74% | 23.21% |
|  | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** | **American Funds IS® International Fund (Class 4)** |
| December 31, 2025 | 339 | $13.39 | $13.67 | $4621 | 1.39% | 0.86% | 25.32% | 25.80% |
| December 31, 2024 | 245 | $10.68 | $10.86 | $2653 | 0.99% | 0.86% | 2.04% | 2.43% |
| December 31, 2023 | 253 | $10.47 | $10.61 | $2683 | 1.15% | 0.86% | 14.57% | 15.00% |
| December 31, 2022 | 227 | $9.17 | $9.22 | $2089 | 1.71% | 0.73% | -21.60% | -21.40% |
| December 31, 2021 | 152 | $11.69 | $11.73 | $1786 | 3.69% | 0.73% | -2.43% | -2.18% |
|  | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** | **American Funds IS® New World Fund (Class 4)** |
| December 31, 2025 | 306 | $14.60 | $14.91 | $4542 | 0.97% | 0.86% | 26.83% | 27.31% |
| December 31, 2024 | 283 | $11.51 | $11.71 | $3306 | 1.18% | 0.86% | 5.41% | 5.82% |
| December 31, 2023 | 290 | $10.92 | $11.07 | $3199 | 1.24% | 0.86% | 14.68% | 15.12% |
| December 31, 2022 | 300 | $9.53 | $9.61 | $2875 | 1.19% | 0.86% | -22.92% | -22.63% |
| December 31, 2021 | 220 | $12.36 | $12.42 | $2725 | 0.82% | 0.86% | 3.73% | 4.13% |
|  | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class III)** |
| December 31, 2025 | 339 | $20.75 | $20.98 | $7086 | 0.26% | 0.68% | 18.91% | 19.15% |
| December 31, 2024 | 323 | $17.41 | $17.61 | $5669 | 0.45% | 0.73% | 24.19% | 24.51% |
| December 31, 2023 | 290 | $14.02 | $14.14 | $4097 | 0.63% | 0.73% | 23.99% | 24.30% |
| December 31, 2022 | 355 | $11.27 | $11.38 | $4032 | 0.78% | 0.86% | -20.84% | -20.54% |
| December 31, 2021 | 286 | $14.24 | $14.32 | $4093 | 0.09% | 0.86% | 26.96% | 27.45% |
|  | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** | **BlackRock Advantage Large Cap Value V.I. Fund (Class III)** |
| December 31, 2025 | 233 | $19.35 | $19.75 | $4588 | 1.14% | 0.86% | 16.98% | 17.43% |
| December 31, 2024 | 266 | $16.64 | $16.82 | $4462 | 1.41% | 0.73% | 15.27% | 15.57% |
| December 31, 2023 | 249 | $14.43 | $14.56 | $3621 | 1.44% | 0.73% | 12.54% | 12.83% |
| December 31, 2022 | 238 | $12.82 | $12.90 | $3071 | 1.81% | 0.73% | -9.08% | -8.85% |
| December 31, 2021 | 90 | $14.10 | $14.15 | $1270 | 1.84% | 0.73% | 25.30% | 25.61% |

---

A153

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** | **BlackRock Basic Value V.I. Fund (Class III)** |
| December 31, 2025 | 146 | $20.09 | $20.51 | $2979 | 2.08% | 0.48% | 0.86% | 22.97% | 23.45% |
| December 31, 2024 | 116 | $16.43 | $16.62 | $1922 | 1.45% | 0.48% | 0.73% | 9.25% | 9.52% |
| December 31, 2023 | 163 | $15.07 | $15.17 | $2467 | 1.46% | 0.48% | 0.68% | 15.45% | 15.68% |
| December 31, 2022 | 166 | $13.05 | $13.11 | $2172 | 1.33% | 0.48% | 0.68% | -5.77% | -5.58% |
| December 31, 2021 | 80 | $13.85 | $13.89 | $1116 | 1.53% | 0.48% | 0.68% | 20.51% | 20.76% |
|  | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** | **BlackRock Capital Appreciation V.I. Fund (Class III)** |
| December 31, 2025 | 293 | $18.28 | $18.66 | $5457 | 0.00% | 0.48% | 0.86% | 10.81% | 11.24% |
| December 31, 2024 | 259 | $16.50 | $16.78 | $4337 | 0.00% | 0.48% | 0.86% | 30.79% | 31.30% |
| December 31, 2023 | 265 | $12.61 | $12.78 | $3379 | 0.00% | 0.48% | 0.86% | 47.32% | 47.88% |
| December 31, 2022 | 180 | $8.56 | $8.64 | $1553 | 0.00% | 0.48% | 0.86% | -38.35% | -38.11% |
| December 31, 2021 | 160 | $13.91 | $13.96 | $2228 | 0.00% | 0.48% | 0.73% | 20.01% | 20.31% |
|  | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** | **BlackRock Equity Dividend V.I. Fund (Class III)** |
| December 31, 2025 | 325 | $18.53 | $18.92 | $6130 | 2.08% | 0.48% | 0.86% | 20.28% | 20.74% |
| December 31, 2024 | 280 | $15.50 | $15.67 | $4374 | 2.21% | 0.48% | 0.73% | 8.90% | 9.18% |
| December 31, 2023 | 335 | $14.23 | $14.35 | $4802 | 1.81% | 0.48% | 0.73% | 11.18% | 11.45% |
| December 31, 2022 | 310 | $12.80 | $12.88 | $3983 | 1.51% | 0.48% | 0.73% | -4.80% | -4.56% |
| December 31, 2021 | 208 | $13.45 | $13.49 | $2807 | 1.32% | 0.48% | 0.73% | 19.42% | 19.72% |
|  | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class III)** |
| December 31, 2025 | 433 | $17.71 | $18.08 | $7799 | 0.00% | 0.48% | 0.86% | 10.52% | 10.95% |
| December 31, 2024 | 457 | $16.03 | $16.30 | $7423 | 0.00% | 0.48% | 0.86% | 30.25% | 30.75% |
| December 31, 2023 | 542 | $12.31 | $12.47 | $6735 | 0.00% | 0.48% | 0.86% | 51.16% | 51.74% |
| December 31, 2022 | 231 | $8.17 | $8.21 | $1898 | 0.00% | 0.48% | 0.73% | -38.70% | -38.55% |
| December 31, 2021 | 159 | $13.32 | $13.37 | $2121 | 0.00% | 0.48% | 0.73% | 16.92% | 17.22% |
|  | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** | **Fidelity® VIP Balanced Portfolio (Service Class 2)** |
| December 31, 2025 | 2137 | $16.62 | $16.97 | $36113 | 1.61% | 0.48% | 0.86% | 13.97% | 14.40% |
| December 31, 2024 | 2218 | $14.58 | $14.83 | $32780 | 1.75% | 0.48% | 0.86% | 14.63% | 15.07% |
| December 31, 2023 | 2121 | $12.72 | $12.89 | $27267 | 1.61% | 0.48% | 0.86% | 20.19% | 20.65% |
| December 31, 2022 | 1855 | $10.58 | $10.68 | $19782 | 1.09% | 0.48% | 0.86% | -18.89% | -18.58% |
| December 31, 2021 | 1435 | $13.05 | $13.12 | $18796 | 0.90% | 0.48% | 0.86% | 16.98% | 17.42% |
|  | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** | **Fidelity® VIP Growth Opportunities Portfolio (Service Class 2)** |
| December 31, 2025 | 1096 | $19.97 | $20.38 | $22288 | 0.00% | 0.48% | 0.86% | 20.59% | 21.05% |
| December 31, 2024 | 1141 | $16.56 | $16.84 | $19169 | 0.00% | 0.48% | 0.86% | 37.36% | 37.89% |
| December 31, 2023 | 1194 | $12.06 | $12.21 | $14555 | 0.00% | 0.48% | 0.86% | 44.06% | 44.61% |
| December 31, 2022 | 1170 | $8.37 | $8.44 | $9872 | 0.00% | 0.48% | 0.86% | -38.85% | -38.61% |
| December 31, 2021 | 861 | $13.68 | $13.76 | $11832 | 0.00% | 0.48% | 0.86% | 10.71% | 11.13% |
|  | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** | **Fidelity® VIP Health Care Portfolio (Service Class 2)** |
| December 31, 2025 | 763 | $12.63 | $12.90 | $9813 | 0.17% | 0.48% | 0.86% | 13.12% | 13.55% |
| December 31, 2024 | 795 | $11.17 | $11.36 | $9005 | 0.00% | 0.48% | 0.86% | 3.95% | 4.35% |
| December 31, 2023 | 858 | $10.74 | $10.88 | $9318 | 0.00% | 0.48% | 0.86% | 3.12% | 3.51% |
| December 31, 2022 | 832 | $10.42 | $10.51 | $8730 | 0.00% | 0.48% | 0.86% | -13.37% | -13.04% |
| December 31, 2021 | 623 | $12.03 | $12.09 | $7524 | 0.03% | 0.48% | 0.86% | 10.49% | 10.91% |
|  | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** |
| December 31, 2025 | 3735 | $7.43 | $8.11 | $29112 | 0.00% | 1.15% | 2.95% | 5.62% | 7.48% |
| December 31, 2024 | 4328 | $7.03 | $7.50 | $31618 | 0.00% | 1.30% | 2.95% | -3.49% | -1.91% |
| December 31, 2023 | 6218 | $7.29 | $7.65 | $46458 | 0.00% | 1.30% | 2.95% | 2.15% | 3.81% |
| December 31, 2022 | 7149 | $7.13 | $7.37 | $51878 | 0.00% | 1.30% | 2.95% | -22.46% | -21.19% |
| December 31, 2021 | 4353 | $9.20 | $9.35 | $40391 | 0.00% | 1.30% | 2.95% | -7.99% | -6.50% |
|  | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** | **PSF Global Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 114 | $13.85 | $14.10 | $1609 | 0.00% | 0.48% | 0.86% | 20.69% | 21.15% |
| December 31, 2024 | 103 | $11.48 | $11.64 | $1200 | 0.00% | 0.48% | 0.86% | 13.88% | 14.32% |
| December 31, 2023 | 100 | $10.08 | $10.18 | $1022 | 0.00% | 0.48% | 0.86% | 18.26% | 18.72% |
| December 31, 2022 | 66 | $8.52 | $8.58 | $568 | 0.00% | 0.48% | 0.86% | -19.70% | -19.39% |
| December 31, 2021 | 15 | $10.63 | $10.64 | $160 | 0.00% | 0.48% | 0.66% | 6.00% | 6.13% |

---

A154

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** | **PSF Mid-Cap Growth Portfolio (Class III) (merged April 11, 2025)** |
| December 31, 2025 |  | $8.82 | $8.95 | $— | 0.00% | 0.86% | -13.41% | -13.32% |
| December 31, 2024 | 208 | $10.18 | $10.33 | $2139 | 0.00% | 0.86% | 12.96% | 13.39% |
| December 31, 2023 | 158 | $9.02 | $9.11 | $1440 | 0.00% | 0.86% | 22.18% | 22.65% |
| December 31, 2022 | 112 | $7.40 | $7.43 | $835 | 0.00% | 0.73% | -27.69% | -27.51% |
| December 31, 2021 | 49 | $10.23 | $10.24 | $498 | 0.00% | 0.68% | 1.12% | 1.26% |
|  | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** | **PSF Natural Resources Portfolio (Class III) (merged April 11, 2025)** |
| December 31, 2025 |  | $12.91 | $13.11 | $— | 0.00% | 0.86% | -6.45% | -6.35% |
| December 31, 2024 | 1183 | $13.80 | $14.00 | $16514 | 0.00% | 0.86% | 3.20% | 3.60% |
| December 31, 2023 | 1489 | $13.37 | $13.51 | $20075 | 0.00% | 0.86% | 0.88% | 1.26% |
| December 31, 2022 | 369 | $13.26 | $13.34 | $4919 | 0.00% | 0.86% | 20.83% | 21.29% |
| December 31, 2021 | 59 | $10.99 | $11.00 | $647 | 0.00% | 0.68% | 8.26% | 8.41% |
|  | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM 50/50 Balanced Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 656 | $12.79 | $13.02 | $8509 | 0.00% | 0.86% | 10.92% | 11.35% |
| December 31, 2024 | 584 | $11.59 | $11.70 | $6817 | 0.00% | 0.73% | 11.90% | 12.18% |
| December 31, 2023 | 548 | $10.35 | $10.43 | $5702 | 0.00% | 0.73% | 14.33% | 14.61% |
| December 31, 2022 | 554 | $9.06 | $9.10 | $5031 | 0.00% | 0.73% | -15.52% | -15.31% |
| December 31, 2021 | 170 | $10.72 | $10.74 | $1829 | 0.00% | 0.68% | 7.17% | 7.31% |
|  | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Flexible Managed Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 11066 | $13.53 | $14.54 | $152263 | 0.00% | 0.86% | 11.90% | 12.32% |
| December 31, 2024 | 14451 | $12.09 | $12.97 | $177202 | 0.00% | 0.86% | 14.24% | 14.68% |
| December 31, 2023 | 17568 | $10.58 | $11.34 | $188033 | 0.00% | 0.86% | 14.19% | 17.09% |
| December 31, 2022 | 300 | $9.07 | $9.13 | $2739 | 0.00% | 0.86% | -15.64% | -15.32% |
| December 31, 2021 | 148 | $10.77 | $10.78 | $1591 | 0.00% | 0.68% | 7.54% | 7.69% |
|  | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class III) (merged April 25, 2025)** |
| December 31, 2025 |  | $8.98 | $9.12 | $— | 0.00% | 0.86% | 2.72% | 2.85% |
| December 31, 2024 | 234 | $8.79 | $8.87 | $2072 | 0.00% | 0.73% | -0.03% | 0.22% |
| December 31, 2023 | 302 | $8.79 | $8.85 | $2669 | 0.00% | 0.73% | 4.11% | 4.37% |
| December 31, 2022 | 170 | $8.44 | $8.48 | $1442 | 0.00% | 0.73% | -14.32% | -14.10% |
| December 31, 2021 | 23 | $9.85 | $9.87 | $222 | 0.00% | 0.68% | -1.38% | -1.24% |
|  | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM High Yield Bond Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 1066 | $11.60 | $11.81 | $12557 | 0.00% | 0.86% | 7.77% | 8.19% |
| December 31, 2024 | 1038 | $10.76 | $10.91 | $11301 | 0.00% | 0.86% | 7.27% | 7.69% |
| December 31, 2023 | 900 | $10.03 | $10.13 | $9102 | 0.00% | 0.86% | 10.57% | 10.99% |
| December 31, 2022 | 744 | $9.07 | $9.13 | $6786 | 0.00% | 0.86% | -12.17% | -11.84% |
| December 31, 2021 | 413 | $10.33 | $10.36 | $4280 | 0.00% | 0.86% | 3.13% | 3.40% |
|  | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Blend Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 1274 | $15.77 | $16.05 | $20371 | 0.00% | 0.86% | 17.21% | 17.66% |
| December 31, 2024 | 202 | $13.52 | $13.64 | $2742 | 0.00% | 0.73% | 25.07% | 25.39% |
| December 31, 2023 | 197 | $10.81 | $10.88 | $2139 | 0.00% | 0.73% | 31.23% | 31.56% |
| December 31, 2022 | 76 | $8.24 | $8.27 | $631 | 0.00% | 0.73% | -25.83% | -25.64% |
| December 31, 2021 | 41 | $11.10 | $11.12 | $454 | 0.00% | 0.73% | 10.14% | 10.33% |
|  | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Growth Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 1104 | $15.12 | $15.39 | $16954 | 0.00% | 0.86% | 13.00% | 13.43% |
| December 31, 2024 | 933 | $13.38 | $13.57 | $12642 | 0.00% | 0.86% | 29.42% | 29.91% |
| December 31, 2023 | 891 | $10.34 | $10.45 | $9290 | 0.00% | 0.86% | 51.81% | 52.39% |
| December 31, 2022 | 638 | $6.83 | $6.85 | $4366 | 0.00% | 0.73% | -38.21% | -38.05% |
| December 31, 2021 | 336 | $11.05 | $11.06 | $3715 | 0.00% | 0.73% | 9.18% | 9.37% |
|  | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Jennison Value Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 413 | $15.86 | $16.15 | $6659 | 0.00% | 0.86% | 15.59% | 16.03% |
| December 31, 2024 | 321 | $13.79 | $13.92 | $4464 | 0.00% | 0.73% | 19.76% | 20.07% |
| December 31, 2023 | 221 | $11.51 | $11.59 | $2563 | 0.00% | 0.73% | 14.08% | 14.37% |
| December 31, 2022 | 180 | $10.09 | $10.13 | $1822 | 0.00% | 0.73% | -8.79% | -8.56% |
| December 31, 2021 | 70 | $11.07 | $11.08 | $774 | 0.00% | 0.68% | 10.43% | 10.58% |

---

A155

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** | **PSF PGIM Total Return Bond Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 2172 | $9.82 | $10.00 | $21645 | 0.00% | 0.48% | 0.86% | 6.61% | 7.02% |
| December 31, 2024 | 1539 | $9.26 | $9.34 | $14348 | 0.00% | 0.48% | 0.73% | 1.92% | 2.18% |
| December 31, 2023 | 1008 | $9.08 | $9.14 | $9203 | 0.00% | 0.48% | 0.73% | 6.30% | 6.57% |
| December 31, 2022 | 724 | $8.54 | $8.58 | $6204 | 0.00% | 0.48% | 0.73% | -15.71% | -15.50% |
| December 31, 2021 | 386 | $10.14 | $10.16 | $3917 | 0.00% | 0.48% | 0.73% | 1.38% | 1.56% |
|  | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Small-Cap Stock Index Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 1091 | $11.00 | $11.19 | $12191 | 0.00% | 0.48% | 0.86% | 4.52% | 4.92% |
| December 31, 2024 | 956 | $10.52 | $10.67 | $10187 | 0.00% | 0.48% | 0.86% | 7.15% | 7.56% |
| December 31, 2023 | 900 | $9.82 | $9.92 | $8915 | 0.00% | 0.48% | 0.86% | 14.45% | 14.89% |
| December 31, 2022 | 831 | $8.58 | $8.63 | $7167 | 0.00% | 0.48% | 0.86% | -17.30% | -16.98% |
| December 31, 2021 | 472 | $10.37 | $10.40 | $4903 | 0.00% | 0.48% | 0.86% | 3.20% | 3.47% |
|  | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** | **PSF Stock Index Portfolio (Class III) (available April 26, 2021)** |
| December 31, 2025 | 3725 | $16.43 | $16.72 | $62147 | 0.00% | 0.48% | 0.86% | 16.26% | 16.71% |
| December 31, 2024 | 3254 | $14.13 | $14.33 | $46545 | 0.00% | 0.48% | 0.86% | 23.26% | 23.73% |
| December 31, 2023 | 2717 | $11.46 | $11.58 | $31430 | 0.00% | 0.48% | 0.86% | 24.52% | 25.00% |
| December 31, 2022 | 2070 | $9.21 | $9.27 | $19160 | 0.00% | 0.48% | 0.86% | -19.24% | -18.93% |
| December 31, 2021 | 1037 | $11.40 | $11.43 | $11846 | 0.00% | 0.48% | 0.86% | 13.80% | 14.10% |
|  | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** | **PSF PGIM Government Income Portfolio (Class I) (merged April 25, 2025)** |
| December 31, 2025 |  | $9.34 | $9.41 | $— | 0.00% | 0.35% | 0.50% | 2.88% | 2.93% |
| December 31, 2024 | 52 | $9.08 | $9.14 | $476 | 0.00% | 0.35% | 0.50% | 0.51% | 0.66% |
| December 31, 2023 | 56 | $9.03 | $9.07 | $507 | 0.00% | 0.40% | 0.50% | 4.57% | 4.68% |
| December 31, 2022 | 46 | $8.64 | $8.66 | $398 | 0.00% | 0.40% | 0.50% | -13.88% | -13.80% |
| December 31, 2021 | 25 | $10.03 | $10.05 | $255 | 0.00% | 0.40% | 0.50% | -3.65% | -3.56% |
|  | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** | **Fidelity® VIP High Income Portfolio (Initial Class)** |
| December 31, 2025 | 29 | $12.20 | $12.38 | $359 | 5.45% | 0.25% | 0.50% | 9.81% | 10.09% |
| December 31, 2024 | 45 | $11.11 | $11.24 | $507 | 6.37% | 0.25% | 0.50% | 8.43% | 8.70% |
| December 31, 2023 | 35 | $10.24 | $10.34 | $361 | 10.83% | 0.25% | 0.50% | 9.93% | 10.20% |
| December 31, 2022 | 9 | $9.32 | $9.35 | $81 | 4.01% | 0.40% | 0.50% | -11.82% | -11.73% |
| December 31, 2021 | 9 | $10.57 | $10.59 | $100 | 13.90% | 0.40% | 0.50% | 3.89% | 3.99% |
|  | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** | **MFS® Investors Trust Series (Initial Class)** |
| December 31, 2025 | 33 | $18.40 | $18.56 | $615 | 1.60% | 0.35% | 0.50% | 13.00% | 13.17% |
| December 31, 2024 | 41 | $16.28 | $16.40 | $668 | 0.70% | 0.35% | 0.50% | 18.92% | 19.10% |
| December 31, 2023 | 43 | $13.69 | $13.77 | $584 | 0.70% | 0.35% | 0.50% | 18.39% | 18.56% |
| December 31, 2022 | 48 | $11.56 | $11.61 | $554 | 0.70% | 0.35% | 0.50% | -16.91% | -16.78% |
| December 31, 2021 | 50 | $13.92 | $13.96 | $700 | 0.89% | 0.35% | 0.50% | 26.18% | 26.37% |
|  | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** | **MFS® Utilities Series (Initial Class)** |
| December 31, 2025 | 25 | $13.85 | $14.05 | $344 | 2.48% | 0.25% | 0.50% | 14.43% | 14.72% |
| December 31, 2024 | 49 | $12.10 | $12.25 | $592 | 2.11% | 0.25% | 0.50% | 11.10% | 11.38% |
| December 31, 2023 | 59 | $10.89 | $11.00 | $648 | 4.34% | 0.25% | 0.50% | -2.60% | -2.35% |
| December 31, 2022 | 33 | $11.21 | $11.26 | $368 | 3.70% | 0.25% | 0.40% | 0.35% | 0.50% |
| December 31, 2021 | 7 | $11.17 | $11.17 | $76 | 2.85% | 0.40% | 0.40% | 13.64% | 13.64% |
|  | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** | **MFS® Value Series (Initial Class)** |
| December 31, 2025 | 99 | $15.93 | $16.16 | $1586 | 1.53% | 0.25% | 0.50% | 12.45% | 12.73% |
| December 31, 2024 | 111 | $14.16 | $14.34 | $1578 | 1.61% | 0.25% | 0.50% | 11.05% | 11.33% |
| December 31, 2023 | 121 | $12.75 | $12.88 | $1548 | 1.68% | 0.25% | 0.50% | 7.39% | 7.66% |
| December 31, 2022 | 58 | $11.88 | $11.96 | $691 | 1.26% | 0.25% | 0.50% | -6.38% | -6.14% |
| December 31, 2021 | 66 | $12.69 | $12.74 | $834 | 1.53% | 0.25% | 0.50% | 24.83% | 25.14% |
|  | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** | **Vanguard VIF Capital Growth Portfolio** |
| December 31, 2025 | 31 | $20.97 | $21.28 | $644 | 1.27% | 0.60% | 0.85% | 27.89% | 28.21% |
| December 31, 2024 | 40 | $16.39 | $16.47 | $652 | 1.10% | 0.75% | 0.85% | 12.44% | 12.56% |
| December 31, 2023 | 42 | $14.58 | $14.72 | $616 | 0.60% | 0.60% | 0.85% | 26.90% | 27.22% |
| December 31, 2022 | 24 | $11.49 | $11.57 | $277 | 0.87% | 0.60% | 0.85% | -16.20% | -15.99% |
| December 31, 2021 | 26 | $13.71 | $13.77 | $360 | 0.22% | 0.60% | 0.85% | 20.51% | 20.81% |

---

A156

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** | **Vanguard VIF Diversified Value Portfolio** |
| December 31, 2025 | 88 | $19.54 | $19.83 | $1730 | 1.75% | 0.60% | 0.85% | 15.84% | 16.13% |
| December 31, 2024 | 122 | $16.87 | $16.99 | $2059 | 1.46% | 0.70% | 0.85% | 13.91% | 14.08% |
| December 31, 2023 | 123 | $14.81 | $14.95 | $1831 | 1.12% | 0.60% | 0.85% | 19.11% | 19.41% |
| December 31, 2022 | 105 | $12.43 | $12.52 | $1313 | 0.98% | 0.60% | 0.85% | -12.24% | -12.02% |
| December 31, 2021 | 54 | $14.17 | $14.23 | $765 | 0.31% | 0.60% | 0.85% | 29.36% | 29.68% |
|  | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** | **Vanguard VIF Equity Income Portfolio** |
| December 31, 2025 | 46 | $17.62 | $17.88 | $807 | 2.63% | 0.60% | 0.85% | 15.81% | 16.10% |
| December 31, 2024 | 47 | $15.22 | $15.40 | $714 | 2.84% | 0.60% | 0.85% | 14.14% | 14.43% |
| December 31, 2023 | 51 | $13.33 | $13.46 | $684 | 2.76% | 0.60% | 0.85% | 7.18% | 7.45% |
| December 31, 2022 | 70 | $12.44 | $12.53 | $868 | 1.58% | 0.60% | 0.85% | -1.50% | -1.26% |
| December 31, 2021 | 34 | $12.63 | $12.69 | $431 | 0.00% | 0.60% | 0.85% | 24.27% | 24.58% |
|  | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** | **Vanguard VIF International Portfolio** |
| December 31, 2025 | 138 | $15.00 | $15.22 | $2085 | 0.87% | 0.60% | 0.85% | 18.95% | 19.25% |
| December 31, 2024 | 164 | $12.61 | $12.76 | $2088 | 1.19% | 0.60% | 0.85% | 8.08% | 8.36% |
| December 31, 2023 | 173 | $11.67 | $11.78 | $2029 | 1.03% | 0.60% | 0.85% | 13.68% | 13.97% |
| December 31, 2022 | 84 | $10.26 | $10.34 | $866 | 1.31% | 0.60% | 0.85% | -30.71% | -30.54% |
| December 31, 2021 | 61 | $14.81 | $14.88 | $908 | 0.03% | 0.60% | 0.85% | -2.38% | -2.13% |
|  | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** | **American Funds IS® Ultra-Short Bond Fund (Class 1)** |
| December 31, 2025 | 168 | $11.05 | $11.21 | $1863 | 3.85% | 0.60% | 0.85% | 3.27% | 3.53% |
| December 31, 2024 | 235 | $10.70 | $10.83 | $2527 | 5.31% | 0.60% | 0.85% | 4.19% | 4.45% |
| December 31, 2023 | 225 | $10.27 | $10.37 | $2320 | 5.82% | 0.60% | 0.85% | 4.05% | 4.31% |
| December 31, 2022 | 128 | $9.87 | $9.94 | $1265 | 1.42% | 0.60% | 0.85% | 0.56% | 0.81% |
| December 31, 2021 | 33 | $9.82 | $9.83 | $322 | 0.00% | 0.75% | 0.85% | -1.20% | -1.09% |
|  | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** | **BlackRock Advantage Large Cap Core V.I. Fund (Class I)** |
| December 31, 2025 | 133 | $21.61 | $21.93 | $2900 | 0.50% | 0.25% | 0.50% | 19.45% | 19.75% |
| December 31, 2024 | 154 | $18.09 | $18.31 | $2794 | 1.08% | 0.25% | 0.50% | 24.81% | 25.13% |
| December 31, 2023 | 104 | $14.49 | $14.64 | $1507 | 1.17% | 0.25% | 0.50% | 24.60% | 24.92% |
| December 31, 2022 | 35 | $11.63 | $11.68 | $412 | 1.65% | 0.35% | 0.50% | -20.39% | -20.27% |
| December 31, 2021 | 19 | $14.61 | $14.64 | $272 | 3.03% | 0.40% | 0.50% | 27.80% | 27.93% |
|  | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** | **BlackRock Large Cap Focus Growth V.I. Fund (Class I)** |
| December 31, 2025 | 58 | $20.92 | $21.23 | $1213 | 0.00% | 0.25% | 0.50% | 11.24% | 11.52% |
| December 31, 2024 | 73 | $18.81 | $19.04 | $1385 | 0.00% | 0.25% | 0.50% | 31.05% | 31.38% |
| December 31, 2023 | 77 | $14.35 | $14.49 | $1106 | 0.00% | 0.25% | 0.50% | 52.09% | 52.47% |
| December 31, 2022 | 69 | $9.44 | $9.48 | $649 | 0.00% | 0.35% | 0.50% | -38.42% | -38.32% |
| December 31, 2021 | 22 | $15.32 | $15.35 | $342 | 0.00% | 0.40% | 0.50% | 17.50% | 17.62% |
|  | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** | **Dimensional VA Global Moderate Allocation Portfolio** |
| December 31, 2025 | 68 | $15.82 | $15.91 | $1075 | 2.62% | 0.75% | 0.85% | 13.71% | 13.82% |
| December 31, 2024 | 68 | $13.91 | $13.98 | $950 | 1.52% | 0.75% | 0.85% | 11.04% | 11.15% |
| December 31, 2023 | 139 | $12.53 | $12.65 | $1747 | 2.66% | 0.60% | 0.85% | 13.75% | 14.04% |
| December 31, 2022 | 160 | $11.01 | $11.09 | $1770 | 1.66% | 0.60% | 0.85% | -11.71% | -11.49% |
| December 31, 2021 | 127 | $12.47 | $12.53 | $1588 | 2.37% | 0.60% | 0.85% | 13.24% | 13.52% |
|  | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** | **Dimensional VA International Small Portfolio** |
| December 31, 2025 | 48 | $16.50 | $16.75 | $798 | 3.64% | 0.60% | 0.85% | 35.83% | 36.17% |
| December 31, 2024 | 47 | $12.15 | $12.30 | $578 | 3.50% | 0.60% | 0.85% | 2.93% | 3.19% |
| December 31, 2023 | 49 | $11.81 | $11.92 | $586 | 3.77% | 0.60% | 0.85% | 13.15% | 13.43% |
| December 31, 2022 | 37 | $10.43 | $10.51 | $384 | 4.01% | 0.60% | 0.85% | -18.34% | -18.14% |
| December 31, 2021 | 12 | $12.78 | $12.84 | $154 | 4.41% | 0.60% | 0.85% | 13.59% | 13.88% |
|  | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** | **Dimensional VA International Value Portfolio** |
| December 31, 2025 | 98 | $20.45 | $20.76 | $2023 | 4.42% | 0.60% | 0.85% | 44.40% | 44.77% |
| December 31, 2024 | 100 | $14.16 | $14.34 | $1426 | 4.02% | 0.60% | 0.85% | 5.71% | 5.98% |
| December 31, 2023 | 97 | $13.40 | $13.53 | $1302 | 8.41% | 0.60% | 0.85% | 16.86% | 17.15% |
| December 31, 2022 | 26 | $11.47 | $11.55 | $300 | 4.42% | 0.60% | 0.85% | -4.27% | -4.03% |
| December 31, 2021 | 23 | $11.98 | $12.03 | $273 | 9.43% | 0.60% | 0.85% | 17.11% | 17.41% |

---

A157

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | |
| | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | **ClearBridge Variable Appreciation Portfolio (Class I)** | |
| December 31, 2025 | 7 | $19.84 | $19.96 | $145 | 0.34% |  | 0.40% | 0.50% | 13.92% | 14.03% |  |
| December 31, 2024 | 19 | $17.42 | $17.50 | $339 | 0.81% |  | 0.40% | 0.50% | 22.04% | 22.16% |  |
| December 31, 2023 | 17 | $14.27 | $14.33 | $243 | 1.53% |  | 0.40% | 0.50% | 19.11% | 19.23% |  |
| December 31, 2022 | 4 | $11.98 | $12.02 | $48 | 1.41% |  | 0.40% | 0.50% | -12.88% | -12.80% |  |
| December 31, 2021 | 2 | $13.78 | $13.78 | $26 | 5.76% |  | 0.40% | 0.40% | 23.16% | 23.16% |  |
|  | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** | **ClearBridge Variable Dividend Strategy Portfolio (Class I)** |  |
| December 31, 2025 | 77 | $18.04 | $18.31 | $1387 | 2.09% |  | 0.25% | 0.50% | 12.06% | 12.34% |  |
| December 31, 2024 | 90 | $16.10 | $16.30 | $1458 | 1.27% |  | 0.25% | 0.50% | 16.26% | 16.55% |  |
| December 31, 2023 | 102 | $13.85 | $13.98 | $1423 | 2.50% |  | 0.25% | 0.50% | 13.62% | 13.91% |  |
| December 31, 2022 | 62 | $12.19 | $12.22 | $752 | 1.67% |  | 0.40% | 0.50% | -8.56% | -8.47% |  |
| December 31, 2021 | 31 | $13.33 | $13.35 | $420 | 2.40% |  | 0.40% | 0.50% | 26.17% | 26.29% |  |
|  | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** | **ClearBridge Variable Large Cap Growth Portfolio (Class I)** |  |
| December 31, 2025 | 14 | $19.85 | $19.96 | $282 | 0.00% |  | 0.40% | 0.50% | 8.08% | 8.18% |  |
| December 31, 2024 | 19 | $18.36 | $18.45 | $345 | 0.00% |  | 0.40% | 0.50% | 27.24% | 27.37% |  |
| December 31, 2023 | 21 | $14.43 | $14.49 | $297 | 0.00% |  | 0.40% | 0.50% | 43.31% | 43.45% |  |
| December 31, 2022 | 7 | $10.07 | $10.10 | $74 | 0.00% |  | 0.40% | 0.50% | -32.58% | -32.52% |  |
| December 31, 2021 | 7 | $14.94 | $14.97 | $107 | 0.00% |  | 0.40% | 0.50% | 21.33% | 21.45% |  |
|  | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** | **Franklin Multi-Asset Variable Conservative Growth Fund (Class I)** |  |
| December 31, 2025 | 2 | $14.83 | $14.83 | $32 | 2.71% |  | 0.40% | 0.40% | 12.30% | 12.30% |  |
| December 31, 2024 | 2 | $13.21 | $13.21 | $31 | 2.68% |  | 0.40% | 0.40% | 11.34% | 11.34% |  |
| December 31, 2023 | 2 | $11.86 | $11.86 | $28 | 2.49% |  | 0.40% | 0.40% | 14.17% | 14.17% |  |
| December 31, 2022 | 2 | $10.39 | $10.39 | $22 | 3.59% |  | 0.40% | 0.40% | -14.52% | -14.52% |  |
| December 31, 2021 |  | $12.15 | $12.15 | $— | 0.00% |  | 0.40% | 0.40% | 11.02% | 11.02% |  |
|  | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** | **Franklin Multi-Asset Variable Growth Fund (Class I)** |  |
| December 31, 2025 | 8 | $18.16 | $18.27 | $154 | 1.87% |  | 0.40% | 0.50% | 15.98% | 16.10% |  |
| December 31, 2024 | 10 | $15.66 | $15.74 | $152 | 1.96% |  | 0.40% | 0.50% | 17.05% | 17.17% |  |
| December 31, 2023 | 10 | $13.38 | $13.38 | $139 | 1.34% |  | 0.50% | 0.50% | 18.98% | 18.98% |  |
| December 31, 2022 | 7 | $11.24 | $11.24 | $75 | 3.18% |  | 0.50% | 0.50% | -15.22% | -15.22% |  |
| December 31, 2021 | 7 | $13.26 | $13.29 | $89 | 5.25% |  | 0.40% | 0.50% | 20.09% | 20.21% |  |
|  | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** | **MFS® Technology Portfolio (Initial Class)** |  |
| December 31, 2025 | 24 | $23.38 | $23.59 | $558 | 0.00% |  | 0.35% | 0.50% | 15.99% | 16.16% |  |
| December 31, 2024 | 32 | $20.16 | $20.41 | $649 | 0.00% |  | 0.25% | 0.50% | 36.11% | 36.46% |  |
| December 31, 2023 | 33 | $14.81 | $14.90 | $488 | 0.00% |  | 0.35% | 0.50% | 53.47% | 53.70% |  |
| December 31, 2022 | 42 | $9.68 | $9.69 | $407 | 0.00% |  | 0.35% | 0.40% | -35.96% | -35.92% |  |
| December 31, 2021 | 12 | $15.11 | $15.11 | $188 | 0.00% |  | 0.40% | 0.40% | 13.23% | 13.23% |  |
|  | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** | **MFS® Value Series (Service Class) (available October 1, 2021)** |  |
| December 31, 2025 | 1310 | $18.84 | $18.95 | $24703 | 1.41% |  | 1.20% | 1.30% | 11.30% | 11.41% |  |
| December 31, 2024 | 1211 | $16.93 | $17.01 | $20514 | 1.52% |  | 1.20% | 1.30% | 9.90% | 10.01% |  |
| December 31, 2023 | 929 | $15.40 | $15.46 | $14323 | 1.48% |  | 1.20% | 1.30% | 6.24% | 6.35% |  |
| December 31, 2022 | 912 | $14.50 | $14.54 | $13228 | 1.49% |  | 1.20% | 1.30% | -7.36% | -7.27% |  |
| December 31, 2021 | 19 | $15.65 | $15.65 | $304 | 0.00% |  | 1.30% | 1.30% | 6.98% | 6.98% |  |
|  | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** | **PSF PGIM Government Money Market Portfolio (Class III) (available October 1, 2021)** |  |
| December 31, 2025 | 31894 | $10.85 | $11.52 | $357109 | 3.70% |  | 0.00% | 1.30% | 2.44% | 3.79% |  |
| December 31, 2024 | 26748 | $10.59 | $11.10 | $290659 | 4.62% |  | 0.00% | 1.30% | 3.38% | 4.75% |  |
| December 31, 2023 | 19854 | $10.25 | $10.59 | $207530 | 4.56% |  | 0.00% | 1.30% | 3.26% | 4.62% |  |
| December 31, 2022 | 11777 | $9.92 | $10.13 | $118510 | 1.87% |  | 0.00% | 1.30% | -0.10% | 1.22% |  |
| December 31, 2021 | 3375 | $10.00 | $10.00 | $33768 | 0.00% | (1) | 0.00% | 0.00% | 0.00% | 0.00% | (1) |
|  | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** |  |
| December 31, 2025 | 11 | $8.24 | $8.24 | $91 | 0.00% |  | 1.90% | 1.90% | 6.87% | 6.87% |  |
| December 31, 2024 | 11 | $7.62 | $7.71 | $86 | 0.00% |  | 1.90% | 2.30% | -4.07% | -3.68% |  |
| December 31, 2023 | 14 | $7.94 | $8.01 | $112 | 0.00% |  | 1.90% | 2.30% | 2.25% | 2.67% |  |
| December 31, 2022 | 33 | $7.77 | $7.80 | $261 | 0.00% |  | 1.90% | 2.30% | -22.31% | -22.00% |  |
| December 31, 2021 |  | $— | $— | $— | 0.00% |  | 0.00% | 0.00% | 0.00% | 0.00% |  |

---

A158

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net <br>Assets (000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** | **Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (2)** |
| December 31, 2025 | 1 | $16.73 | to | $16.83 | $23 | 2.05% | 0.40% | to | 0.50% | 14.29% | to | 14.40% |
| December 31, 2024 | 4 | $14.64 | to | $14.71 | $56 | 1.53% | 0.40% | to | 0.50% | 14.88% | to | 14.99% |
| December 31, 2023 | 4 | $12.74 | to | $12.79 | $52 | 2.58% | 0.40% | to | 0.50% | 17.22% | to | 17.34% |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
|  | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** |
| December 31, 2025 | 379 | $10.16 | to | $10.55 | $3918 | 0.00% | 1.50% | to | 2.70% | 6.16% | to | 7.49% |
| December 31, 2024 | 117 | $9.57 | to | $9.81 | $1141 | 0.00% | 1.50% | to | 2.70% | -5.16% | to | -3.96% |
| December 31, 2023 | 17 | $10.13 | to | $10.13 | $175 | 0.00% | 2.40% | to | 2.40% | 1.30% | to | 1.30% |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
|  | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** |
| December 31, 2025 | 104 | $10.10 | to | $10.40 | $1070 | 0.00% | 1.30% | to | 2.70% | 6.26% | to | 7.81% |
| December 31, 2024 | 17 | $9.54 | to | $9.62 | $159 | 0.00% | 1.50% | to | 2.40% | -4.58% | to | -3.74% |
| December 31, 2023 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
|  | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** |
| December 31, 2025 | 51 | $10.54 | to | $10.63 | $544 | 0.00% | 1.50% | to | 2.40% | 5.38% | to | 6.32% |
| December 31, 2024 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2023 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |

---

\* These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying Portfolios, net of management fees assessed by the fund manager, divided by the average daily net assets. These ratios exclude those expenses, such as mortality and expense risk and administration charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying Portfolios in which the subaccount invests.

\*\* These amounts represent the annualized contract expenses of the Account, consisting primarily of mortality and expense risk and administration charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Portfolios are excluded.

\*\*\* These amounts represent the total returns for the periods indicated, including changes in the value of the underlying Portfolios, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Product designs within a subaccount which were offered less than one year are included in the range of total returns for that period, and their respective total returns may not correspond to the total returns of a product offering with a comparable expense ratio that was presented for the full period. Contract owners may experience different total returns based on their investment options. Subaccounts with a date notation indicate the effective date of that subaccount in the Account. Total returns for periods less than one year are not annualized. The total return is calculated for each of the five periods preceding December 31, 2025 or for the periods indicated within.

<sup>(1)</sup>  Amount is less than 0.01%.

<sup>(2)</sup>  Subaccount became available for investment prior to 2023 but had no activity until 2023.

A159

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

**Note 8:&nbsp;&nbsp;&nbsp;&nbsp;Charges and Expenses**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following represents the various charges and expenses of the Account which are paid to Pruco Life.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.Mortality and Expense Risk Charges**

The mortality and expense risk charges are applied daily against the net assets of each subaccount. Mortality risk is the risk that contract owners may live longer than estimated and expense risk is the risk that the cost of issuing and administering the contracts may exceed related charges assessed by Pruco Life. These charges are assessed through a reduction in unit values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.Administration Charge**

The administration charge is applied daily against the net assets of each subaccount. Administration charge includes costs associated with issuing the contracts, establishing and maintaining records, and providing reports to contract owners. Effective February 24, 2020, under the Prudential MyRock Advisor

Variable Annuity product, a fund access charge is assessed on the account value invested in certain subaccounts associated with funds that do not provide adequate revenue. This charge is assessed through a reduction in unit values.

The following are the base and maximum combined mortality and expense risk and administration charges of the respective contracts.

---

| | | |
|:---|:---|:---|
| **Products** | **Base** | **Maximum** |
| Discovery Choice Variable Annuity | 1.35% | 1.65% |
| Discovery Preferred Variable Annuity | 1.40% | 1.40% |
| Discovery Select Variable Annuity | 1.40% | 1.40% |
| Prudential Defined Income (PDI) Variable Annuity | 1.10% | 1.90% |
| Prudential FlexGuard | 1.20% | 1.30% |
| Prudential FlexGuard Income | 1.20% | 1.30% |
| Prudential FlexGuard Income Select | 2.80% | 2.90% |
| Prudential MyRock Advisor Variable Annuity | 0.25% | 2.10% |
| Prudential Premier Advisor Variable Annuity Series | 0.35% | 1.95% |
| Prudential Premier Investment Variable Annuity B Series | 0.48% | 0.73% |
| Prudential Premier Investment Variable Annuity C Series | 0.68% | 0.86% |
| Prudential Premier Retirement Variable Annuity | 0.85% | 0.85% |
| Prudential Premier Retirement Variable Annuity B Series | 1.30% | 2.70% |
| Prudential Premier Retirement Variable Annuity C Series | 1.30% | 3.15% |
| Prudential Premier Retirement Variable Annuity L Series | 1.30% | 3.10% |
| Prudential Premier Retirement Variable Annuity X Series | 1.30% | 3.25% |
| Prudential Premier Variable Annuity B Series | 1.15% | 2.55% |
| Prudential Premier Variable Annuity Bb Series<sup>SM</sup> | 0.95% | 2.35% |
| Prudential Premier Variable Annuity L Series | 1.50% | 2.90% |
| Prudential Premier Variable Annuity X Series | 1.55% | 2.95% |
| Strategic Partners<sup>SM</sup> Advisor Variable Annuity | 1.40% | 2.25% |
| Strategic Partners<sup>SM</sup> Flexelite Variable Annuity | 1.60% | 2.50% |
| Strategic Partners<sup>SM</sup> Flexelite 2 Variable Annuity | 1.65% | 2.75% |
| Strategic Partners Plus Variable Annuity | 1.40% | 2.40% |
| Strategic Partners Plus 3 Variable Annuity | 1.40% | 2.60% |
| Strategic Partners<sup>SM</sup> Select Variable Annuity | 1.52% | 1.52% |
| Strategic Partners Annuity One Variable Annuity | 1.40% | 2.40% |
| Strategic Partners Annuity One 3 Variable Annuity | 1.40% | 2.60% |

---

A160

------

**NOTES TO FINANCIAL STATEMENTS OF**

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT—(Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.Withdrawal Charges**

A withdrawal charge may be assessed upon full or partial contract owner redemptions. These charges relate to the expenses of selling and distributing the contracts, including sales commissions, printing of prospectuses, sales administration, preparation of sales literature and other promotional activities. No withdrawal charge is imposed whenever earnings are withdrawn. The range for withdrawal charges is 0%-9%. The charge is assessed through the redemption of units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.Other Related Charges**

For certain products with Highest Daily Lifetime Seven benefit options, the optional benefit fee is a percentage of the protected withdrawal value and is deducted pro rata from the subaccounts on a quarterly basis.

For certain products with Highest Daily Lifetime Income, Highest Daily Lifetime Six Plus, and Highest Daily Lifetime Seven Plus benefit options, the optional benefit fee is assessed against the greater of the unadjusted account value or the protected withdrawal value and is deducted pro rata from the subaccounts on a quarterly basis.

An annual maintenance fee is charged if purchase payments or account value is less than a stated amount (varies by product and may vary by state).

A quarterly premium-based charge is applicable to certain products, which ranges from 0.15% to 0.84% annualized.

These other related charges are assessed through the redemption of units.

**Note 9:&nbsp;&nbsp;&nbsp;&nbsp;Other**

<u>Accumulation units</u> are the contract owner's interest allocated to the variable account during the accumulation period of the contract.

<u>Contract owner net payments</u> represent contract owner contributions, net of applicable deductions, charges, and state premium taxes, including transfers from the general account as a remittance of remediation credits to contract owners.

<u>Annuity payments</u> represent transfers to the general account at the time of contract annuitization which are used to establish the fixed payout account from which future annuity payments are distributed under the terms of the contracts.

<u>Surrenders, withdrawals and death benefits</u> are payments to contract owners and beneficiaries made under the terms of the contracts, including amounts that contract owners have requested to be withdrawn or paid to them.

<u>Net transfers between other subaccounts or fixed rate option</u> are amounts that contract owners have directed to be moved among subaccounts, including permitted transfers to and from the guaranteed interest account and market value adjustment account.

<u>Miscellaneous transactions</u> primarily represent timing related adjustments on contract owner transactions, such as premiums, surrenders, transfers, etc. which are funded by the general account in order to maintain appropriate contract owner account balances.

<u>Other charges</u> are contract level charges assessed through the redemption of units as described in Note 8, Charges and Expenses.

A161

------

**Report of Independent Registered Public Accounting Firm**

To the Board of Directors of Pruco Life Insurance Company and the Contract Owners of Pruco Life Flexible Premium Variable Annuity Account

***Opinions on the Financial Statements***

We have audited the accompanying statements of net assets of each of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account indicated in the table below as of the dates indicated in the table below, and the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account as of the dates indicated in the table below, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

---

| | |
|:---|:---|
| PSF PGIM Government Money Market Portfolio (Class I) (1) | American Funds IS® Growth-Income Fund (Class 1) (1) |
| PSF PGIM Total Return Bond Portfolio (Class I) (1) | American Funds IS® U.S. Government Securities Fund (Class 1) (1) |
| PSF PGIM Jennison Blend Portfolio (Class I) (1) | BlackRock Basic Value V.I. Fund (Class I) (1) |
| PSF PGIM Flexible Managed Portfolio (Class I) (1) | BlackRock Capital Appreciation V.I. Fund (Class I) (1) |
| PSF PGIM 50/50 Balanced Portfolio (Class I) (1) | BlackRock Equity Dividend V.I. Fund (Class I) (1) |
| PSF PGIM Jennison Value Portfolio (Class I) (1) | BlackRock Global Allocation V.I. Fund (Class I) (1) |
| PSF PGIM High Yield Bond Portfolio (Class I) (1) | Dimensional VA Global Bond Portfolio (1) |
| PSF Natural Resources Portfolio (Class I) (2) | Dimensional VA Short-Term Fixed Portfolio (1) |
| PSF Stock Index Portfolio (Class I) (1) | Dimensional VA U.S. Large Value Portfolio (1) |
| PSF Global Portfolio (Class I) (1) | Dimensional VA U.S. Targeted Value Portfolio (1) |
| PSF PGIM Jennison Growth Portfolio (Class I) (1) | Fidelity® VIP Balanced Portfolio (Initial Class) (1) |
| PSF Small-Cap Stock Index Portfolio (Class I) (1) | Fidelity® VIP Consumer Discretionary Portfolio (Initial Class) (1) |
| T. Rowe Price International Stock Portfolio (1) | Fidelity® VIP Disciplined Small Cap Portfolio (Initial Class) (1) |
| T. Rowe Price Equity Income Portfolio (Equity Income Portfolio Class) (1) | Fidelity® VIP Emerging Markets Portfolio (Initial Class) (1) |
| Invesco V.I. Core Equity Fund (Series I) (1) | Fidelity® VIP Financials Portfolio (Initial Class) (1) |
| Janus Henderson VIT Research Portfolio (Institutional Shares) (1) | Fidelity® VIP Floating Rate High Income Portfolio (Initial Class) (1) |
| Janus Henderson VIT Overseas Portfolio (Institutional Shares) (1) | Fidelity® VIP Health Care Portfolio (Initial Class) (1) |
| MFS® Research Series (Initial Class) (1) | Fidelity® VIP Industrials Portfolio (Initial Class) (1) |
| MFS® Growth Series (Initial Class) (1) | Fidelity® VIP International Capital Appreciation Portfolio (Initial Class) (1) |
| LVIP American Century Value Fund (Standard Class II) (1) | Fidelity® VIP Mid Cap Portfolio (Initial Class) (1) |
| Franklin Small-Mid Cap Growth VIP Fund (Class 2) (1) | Fidelity® VIP Strategic Income Portfolio (Initial Class) (1) |
| Davis Equity Portfolio (1) | Fidelity® VIP Technology Portfolio (Initial Class) (1) |
| AB VPS Large Cap Growth Portfolio (Class B) (1) | Fidelity® VIP Utilities Portfolio (Initial Class) (1) |
| Janus Henderson VIT Research Portfolio (Service Shares) (1) | ClearBridge Variable Mid Cap Portfolio (Class I) (1) |
| PSF Mid-Cap Growth Portfolio (Class I) (2) | ClearBridge Variable Small Cap Growth Portfolio (Class I) (1) |
| AST Cohen & Steers Realty Portfolio (3) | Western Asset Core Plus VIT Portfolio (Class I) (1) |
| AST J.P. Morgan Conservative Multi-Asset Portfolio (1) | Western Asset Variable Global High Yield Bond Portfolio (Class I) (1) |

---

A162

------

---

| | |
|:---|:---|
| AST High Yield Portfolio (4) | MFS® Mid Cap Growth Series (Initial Class) (1) |
| AST Large-Cap Value Portfolio (1) | MFS® International Intrinsic Value Portfolio (Initial Class) (1) |
| AST T. Rowe Price Natural Resources Portfolio (3) | MFS® Massachusetts Investors Growth Stock Portfolio (Initial Class) (1) |
| AST MFS Global Equity Portfolio (3) | MFS® International Growth Portfolio (Service Class) (1) |
| AST Aggressive Asset Allocation Portfolio (1) | MFS® Massachusetts Investors Growth Stock Portfolio (Service Class) (1) |
| AST Multi-Asset Diversified Plus Portfolio (1) | MFS® Technology Portfolio (Service Class) (1) |
| AST Balanced Asset Allocation Portfolio (1) | MFS® Investors Trust Series (Service Class) (1) |
| AST Preservation Asset Allocation Portfolio (1) | MFS® Mid Cap Growth Series (Service Class) (1) |
| AST PGIM Aggressive Multi-Asset Portfolio (1) | MFS® New Discovery Series (Service Class) (1) |
| AST Multi-Asset Diversified Portfolio (1) | MFS® Research Series (Service Class) (1) |
| AST Large-Cap Growth Portfolio (1) | MFS® Total Return Bond Series (Service Class) (1) |
| AST Government Money Market Portfolio (1) | MFS® Total Return Series (Service Class) (1) |
| AST Small-Cap Equity Portfolio (1) | MFS® Utilities Series (Service Class) (1) |
| AST International Equity Portfolio (1) | Fidelity® VIP Contrafund℠ Portfolio (Service Class 2) (1) |
| AST Investment Grade Bond Portfolio (1) | American Funds IS® Asset Allocation Fund (Class 4) (1) |
| AST Core Fixed Income Portfolio (1) | American Funds IS® Washington Mutual Investors Fund (Class 4) (1) |
| AST Emerging Markets Equity Portfolio (5) | American Funds IS® The Bond Fund of America (Class 4) (1) |
| AST J.P. Morgan Moderate Multi-Asset Portfolio (1) | American Funds IS® Capital World Growth and Income Fund (Class 4) (1) |
| ProFund VP Consumer Discretionary (1) | American Funds IS® Global Small Capitalization Fund (Class 4) (1) |
| ProFund VP Consumer Staples (1) | American Funds IS® Growth Fund (Class 4) (1) |
| ProFund VP Financials (1) | American Funds IS® Growth-Income Fund (Class 4) (1) |
| ProFund VP Health Care (1) | American Funds IS® International Fund (Class 4) (1) |
| ProFund VP Industrials (1) | American Funds IS® New World Fund (Class 4) (1) |
| ProFund VP Mid-Cap Growth (1) | BlackRock Advantage Large Cap Core V.I. Fund (Class III) (1) |
| ProFund VP Mid-Cap Value (1) | BlackRock Advantage Large Cap Value V.I. Fund (Class III) (1) |
| ProFund VP Real Estate (1) | BlackRock Basic Value V.I. Fund (Class III) (1) |
| ProFund VP Small-Cap Growth (1) | BlackRock Capital Appreciation V.I. Fund (Class III) (1) |
| ProFund VP Small-Cap Value (1) | BlackRock Equity Dividend V.I. Fund (Class III) (1) |
| ProFund VP Communication Services (1) | BlackRock Large Cap Focus Growth V.I. Fund (Class III) (1) |
| ProFund VP Utilities (1) | Fidelity® VIP Balanced Portfolio (Service Class 2) (1) |
| ProFund VP Large-Cap Growth (1) | Fidelity® VIP Growth Opportunities Portfolio (Service Class 2) (1) |
| ProFund VP Large-Cap Value (1) | Fidelity® VIP Health Care Portfolio (Service Class 2) (1) |
| Allspring VT Discovery All Cap Growth Fund (Class 1) (1) | AST Bond Portfolio 2032 (1) |
| Allspring VT Small Cap Growth Fund (Class 1) (1) | PSF Global Portfolio (Class III) (1) |
| AST Quantitative Modeling Portfolio (1) | PSF Mid-Cap Growth Portfolio (Class III) (2) |
| Allspring VT Opportunity Fund (Class 1) (1) | PSF Natural Resources Portfolio (Class III) (2) |
| AST ClearBridge Dividend Growth Portfolio (3) | PSF PGIM 50/50 Balanced Portfolio (Class III) (1) |
| AST Multi-Sector Fixed Income Portfolio (1) | PSF PGIM Flexible Managed Portfolio (Class III) (1) |
| AST Large-Cap Equity Portfolio (1) | PSF PGIM Government Income Portfolio (Class III) (6) |
| AST Bond Portfolio 2025 (9) | PSF PGIM High Yield Bond Portfolio (Class III) (1) |

---

A163

------

---

| | |
|:---|:---|
| AST J.P. Morgan Aggressive Multi-Asset Portfolio (1) | PSF PGIM Jennison Blend Portfolio (Class III) (1) |
| AST Bond Portfolio 2026 (1) | PSF PGIM Jennison Growth Portfolio (Class III) (1) |
| AST Global Bond Portfolio (4) | PSF PGIM Jennison Value Portfolio (Class III) (1) |
| BlackRock Global Allocation V.I. Fund (Class III) (1) | PSF PGIM Total Return Bond Portfolio (Class III) (1) |
| AST Bond Portfolio 2027 (1) | PSF Small-Cap Stock Index Portfolio (Class III) (1) |
| NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (1) | PSF Stock Index Portfolio (Class III) (1) |
| AST Bond Portfolio 2028 (1) | PSF PGIM Government Income Portfolio (Class I) (6) |
| AST Bond Portfolio 2029 (1) | Fidelity® VIP High Income Portfolio (Initial Class) (1) |
| AST Bond Portfolio 2030 (1) | MFS® Investors Trust Series (Initial Class) (1) |
| AST Bond Portfolio 2031 (1) | MFS® Utilities Series (Initial Class) (1) |
| Fidelity® VIP Contrafund℠ Portfolio (Initial Class) (1) | MFS® Value Series (Initial Class) (1) |
| Fidelity® VIP Growth Opportunities Portfolio (Initial Class) (1) | Vanguard VIF Capital Growth Portfolio (1) |
| Fidelity® VIP Growth Portfolio (Initial Class) (1) | Vanguard VIF Diversified Value Portfolio (1) |
| Fidelity® VIP Investment Grade Bond Portfolio (Initial Class) (1) | Vanguard VIF Equity Income Portfolio (1) |
| MFS® New Discovery Series (Initial Class) (1) | Vanguard VIF International Portfolio (1) |
| MFS® Total Return Series (Initial Class) (1) | American Funds IS® Ultra-Short Bond Fund (Class 1) (1) |
| MFS® Total Return Bond Series (Initial Class) (1) | BlackRock Advantage Large Cap Core V.I. Fund (Class I) (1) |
| Vanguard VIF Equity Index Portfolio (1) | BlackRock Large Cap Focus Growth V.I. Fund (Class I) (1) |
| Vanguard VIF Global Bond Index Portfolio (1) | Dimensional VA Global Moderate Allocation Portfolio (1) |
| Vanguard VIF Mid-Cap Index Portfolio (1) | Dimensional VA International Small Portfolio (1) |
| Vanguard VIF Real Estate Index Portfolio (1) | Dimensional VA International Value Portfolio (1) |
| Vanguard VIF Total Bond Market Index Portfolio (1) | ClearBridge Variable Appreciation Portfolio (Class I) (1) |
| Vanguard VIF Total International Stock Market Index Portfolio (1) | ClearBridge Variable Dividend Strategy Portfolio (Class I) (1) |
| Vanguard VIF Total Stock Market Index Portfolio (1) | ClearBridge Variable Large Cap Growth Portfolio (Class I) (1) |
| Vanguard VIF Balanced Portfolio (1) | Franklin Multi-Asset Variable Conservative Growth Fund (Class I) (1) |
| Vanguard VIF Conservative Allocation Portfolio (1) | Franklin Multi-Asset Variable Growth Fund (Class I) (1) |
| Vanguard VIF Growth Portfolio (1) | MFS® Technology Portfolio (Initial Class) (1) |
| Vanguard VIF High Yield Bond Portfolio (1) | MFS® Value Series (Service Class) (1) |
| Vanguard VIF Moderate Allocation Portfolio (1) | PSF PGIM Government Money Market Portfolio (Class III) (1) |
| Vanguard VIF Short-Term Investment Grade Portfolio (1) | AST Bond Portfolio 2033 (1) |
| American Funds IS® Asset Allocation Fund (Class 1) (1) | Franklin Multi-Asset Variable Moderate Growth Fund (Class I) (1) |
| American Funds IS® Washington Mutual Investors Fund (Class 1) (1) | AST Bond Portfolio 2034 (1) |
| American Funds IS® The Bond Fund of America (Class 1) (1) | AST Bond Portfolio 2035 (7) |
| American Funds IS® Growth Fund (Class 1) (1) | AST Bond Portfolio 2036 (8) |
| (1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024. | (1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024. |
| (2) Statement of net assets as of April 11, 2025 (date of merger), statement of operations for the period January 1, 2025 to April 11, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to April 11, 2025 (date of merger) and for the year ended December 31, 2024. | (2) Statement of net assets as of April 11, 2025 (date of merger), statement of operations for the period January 1, 2025 to April 11, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to April 11, 2025 (date of merger) and for the year ended December 31, 2024. |

---

A164

------

---

| |
|:---|
| (3) Statement of net assets as of January 24, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 24, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 24, 2025 (date of merger) and for the year ended December 31, 2024. |
| (4) Statement of net assets as of February 7, 2025 (date of merger), statement of operations for the period January 1, 2025 to February 7, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to February 7, 2025 (date of merger) and for the year ended December 31, 2024. |
| (5) Statement of net assets as of January 10, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 10, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 10, 2025 (date of merger) and for the year ended December 31, 2024. |
| (6) Statement of net assets as of April 25, 2025 (date of merger), statement of operations for the period January 1, 2025 to April 25, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to April 25, 2025 (date of merger) and for the year ended December 31, 2024. |
| (7) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the year ended December 31, 2025 and for the period January 2, 2024 (commencement of operations) to December 31, 2024. |
| (8) Statement of net assets as of December 31, 2025, statement of operations for the period January 2, 2025 (commencement of operations) to December 31, 2025 and statement of changes in net assets for the period January 2, 2025 (commencement of operations) to December 31, 2025. |
| (9) Statement of net assets as of December 31, 2025 (date of liquidation), statement of operations for the period January 1, 2025 to December 31, 2025 (date of liquidation) and statement of changes in net assets for the period January 1, 2025 to December 31, 2025 (date of liquidation) and for the year ended December 31, 2024. |

---

***Basis for Opinions***

These financial statements are the responsibility of the Pruco Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to each of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2025 by correspondence with the transfer agents and of the investee mutual funds and investee mutual fund. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 20, 2026

We have served as the auditor of one or more of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account since 1996.

A165