Company research
FORTITUDE LIFE INSURANCE & ANNUITY CO
CIK 881453Updated Sep 27, 2026
Name history
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP/CT · through May 12, 2022AMERICAN SKANDIA LIFE ASSURANCE CORP/CT · through Dec 31, 2007
Filing activity
Latest filing
50 filings on record · 497VPU, 497, 497J, 485BPOS, 10-K, 8-K.
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 30,320,000,000Source | 29,939,000,000Source | 31,553,000,000Source | 31,542,000,000Source |
| GoodwillUSD | — | — | 0Source | 93,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 442,000,000Source | 563,000,000Source | 940,000,000Source | 872,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 29,203,000,000Source | 28,790,000,000Source | 30,191,000,000Source | 29,955,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 3,000,000Source | 3,000,000Source | 3,000,000Source | 3,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -474,000,000Source | -518,000,000Source | -290,000,000Source | -286,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -126,000,000Source | -50,000,000Source | -65,000,000Source | 111,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,117,000,000Source | 1,149,000,000Source | 1,362,000,000Source | 1,587,000,000Source |
| Additional Paid in Capital, Common StockUSD | 1,714,000,000Source | 1,714,000,000Source | 1,714,000,000Source | 1,759,000,000Source |
| Liabilities and EquityUSD | 30,320,000,000Source | 29,939,000,000Source | 31,553,000,000Source | 31,542,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 94,000,000Source | 72,000,000Source | -4,000,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Deferred Income Tax Expense (Benefit)USD | 7,000,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 66,000,000Source | -212,000,000Source | -15,000,000Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -427,000,000Source | 73,000,000Source | -192,000,000Source | — |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 2,000,000Source | -1,000,000Source | -3,000,000Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 240,000,000Source | -238,000,000Source | 275,000,000Source | — |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | 0Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -121,000,000Source | -377,000,000Source | 68,000,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 442,000,000Source | 563,000,000Source | 940,000,000Source | 872,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,000,000Source | 0Source | — | — |
| Income Taxes Paid, NetUSD | — | 13,000,000Source | 4,000,000Source | — |
| Additional Financial Items | ||||
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | 0Source | 0Source | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | -292,000,000Source | -514,000,000Source | -466,000,000Source | — |
| General and Administrative ExpenseUSD | 66,000,000Source | 80,000,000Source | 67,000,000Source | — |
| GoodwillUSD | — | — | 0Source | 93,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 93,000,000Source | — |
| Income Tax Expense (Benefit)USD | 12,000,000Source | 32,000,000Source | -6,000,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 94,000,000Source | 72,000,000Source | -4,000,000Source | — |
| Other Operating Income (Expense), NetUSD | -6,000,000Source | 8,000,000Source | 1,000,000Source | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 4,000,000Source | 0Source | 0Source | — |
| Realized Investment Gains (Losses)USD | -214,000,000Source | -688,000,000Source | -310,000,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 87,000,000Source | 93,000,000Source | 91,000,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 596,000,000Source | 192,000,000Source | 580,000,000Source | 8,948,478,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 106,000,000Source | 104,000,000Source | -10,000,000Source | 6,259,366,000Source |
| Income Tax Expense (Benefit)USD | 12,000,000Source | 32,000,000Source | -6,000,000Source | 1,294,005,000Source |
| Net Income (Loss) Attributable to ParentUSD | 94,000,000Source | 72,000,000Source | -4,000,000Source | — |
| Additional Financial Items | ||||
| Benefits, Losses and ExpensesUSD | — | — | — | 2,689,112,000Source |
| Current Income Tax Expense (Benefit)USD | 5,000,000Source | 6,000,000Source | — | 243,943,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | 0Source | 0Source | 379,688,000Source |
| General and Administrative ExpenseUSD | 66,000,000Source | 80,000,000Source | 67,000,000Source | 316,547,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 93,000,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 106,000,000Source | — | — | 6,259,000,000Source |
| Insurance Services RevenueUSD | — | — | — | 2,699,000Source |
| Interest Income (Expense), NetUSD | — | — | 2,000,000Source | 8,267,000Source |
| Net Investment IncomeUSD | 277,000,000Source | 292,000,000Source | 315,000,000Source | 490,393,000Source |
| Other IncomeUSD | -6,000,000Source | 8,000,000Source | 1,000,000Source | -553,861,000Source |
| Other Operating Income (Expense), NetUSD | -6,000,000Source | 8,000,000Source | 1,000,000Source | — |
| Realized Investment Gains (Losses)USD | -214,000,000Source | -688,000,000Source | -310,000,000Source | 7,488,807,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 87,000,000Source | 93,000,000Source | 91,000,000Source | — |