The Prudential Series Fund

Pruco Life Insurance Company
Notes to Consolidated Financial Statements
6. REINSURANCE (continued)
Reinsurance recoverables, included in the Company’s Consolidated Statements of Financial Position at December 31, were as
follows:
2008 2007
(in thousands)
Domestic life insurance – affiliated $ 2,340,962 $ 947,616
Domestic life insurance - unaffiliated 1,540 1,910
Taiwan life insurance-affiliated 701,160 650,384
$ 3,043,662 $ 1,599,910
Substantially all reinsurance contracts are with affiliates as of December 31, 2008 and 2007. These contracts are described
further in Note 13 of the Consolidated Financial Statements.
The gross and net amounts of life insurance in-force at December 31, were as follows:
2008 2007 2006
(in thousands)
Gross life insurance in-force $ 450,675,048 $ 388,072,515 $ 307,804,610
Reinsurance Ceded (405,820,776) (346,204,265) (271,758,791)
Net life insurance in-force $ 44,854,272 $ 41,868,250 $ 36,045,819
7. INCOME TAXES
The components of income tax expense (benefit) for the years ended December 31, are as follows:
2008 2007 2006
(in thousands)
Current tax (benefit) expense:
U.S. $ (126,180) $ 8,570 $ 89,030
Foreign - - 4
Total (126,180) 8,570 89,034
Deferred tax expense (benefit):
U.S. 191,184 55,842 (26,572)
Total 191,184 55,842 (26,572)
Total income tax expense on income from operations $ 65,004 $ 64,412 $ 62,462
Other comprehensive (loss) income (83,046) (3,062) 4,454
Cumulative effect of changes in accounting policy - (693) -
Total income tax expense on income from operations $ (18,042) $ 60,657 $ 66,916
The Company’s income (loss) from continuing operations before income taxes includes income from domestic operations of
$314.3 million, $311.7 million and $325.2 million, and no income from foreign operations for the years ended December 31,
2008, 2007 and 2006, respectively.
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