Document

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2023


	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
Investment in the portfolios, at fair value	$	9,775	$	33,297	$	1,217,591	$	388,995	$	584,574
Net Assets	$	9,775	$	33,297	$	1,217,591	$	388,995	$	584,574

NET ASSETS, representing:
Accumulation units	$	9,775	$	33,297	$	1,217,591	$	388,995	$	584,574
	$	9,775	$	33,297	$	1,217,591	$	388,995	$	584,574

Units outstanding	4,704		5,380		48,247		29,040		58,710

Portfolio shares held	977		2,327		12,506		8,761		14,962
Portfolio net asset value per share	$	10.00	$	14.31	$	97.36	$	44.40	$	39.07
Investment in portfolio shares, at cost	$	9,775	$	27,247	$	285,465	$	137,502	$	219,793

STATEMENTS OF OPERATIONS

For the period ended December 31, 2023


	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)
	1/1/2023		1/1/2023		1/1/2023		1/1/2023		1/1/2023
	to		to		to		to		to
	12/31/2023		12/31/2023		12/31/2023		12/31/2023		12/31/2023

INVESTMENT INCOME
Dividend income	$	458	$	—	$	—	$	—	$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	119		397		13,256		4,441		6,756
Reimbursement for excess expenses	—		(11)		(688)		(760)		(950)

NET EXPENSES	119		386		12,568		3,681		5,806

NET INVESTMENT INCOME (LOSS)	339		(386)		(12,568)		(3,681)		(5,806)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		55		9,189		2,261		3,450
Net change in unrealized appreciation (depreciation) on investments	—		2,211		291,274		57,145		75,176

NET GAIN (LOSS) ON INVESTMENTS	—		2,266		300,463		59,406		78,626

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	339	$	1,880	$	287,895	$	55,725	$	72,820

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2023


	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
Investment in the portfolios, at fair value	$	5,863	$	17,935	$	86,851	$	275,002	$	31,885
Net Assets	$	5,863	$	17,935	$	86,851	$	275,002	$	31,885

NET ASSETS, representing:
Accumulation units	$	5,863	$	17,935	$	86,851	$	275,002	$	31,885
	$	5,863	$	17,935	$	86,851	$	275,002	$	31,885

Units outstanding	338		2,529		5,232		13,454		3,669

Portfolio shares held	116		2,709		2,034		2,378		578
Portfolio net asset value per share	$	50.55	$	6.62	$	42.69	$	115.63	$	55.18
Investment in portfolio shares, at cost	$	2,203	$	13,815	$	83,824	$	102,022	$	10,754

STATEMENTS OF OPERATIONS

For the period ended December 31, 2023


	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)
	1/1/2023		1/1/2023		1/1/2023		1/1/2023		1/1/2023
	to		to		to		to		to
	12/31/2023		12/31/2023		12/31/2023		12/31/2023		12/31/2023

INVESTMENT INCOME
Dividend income	$	—	$	—	$	—	$	—	$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	102		209		1,069		3,062		361
Reimbursement for excess expenses	—		—		—		—		—

NET EXPENSES	102		209		1,069		3,062		361

NET INVESTMENT INCOME (LOSS)	(102)		(209)		(1,069)		(3,062)		(361)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	24,066		37		22		1,789		226
Net change in unrealized appreciation (depreciation) on investments	(22,308)		1,868		1,671		55,150		5,024

NET GAIN (LOSS) ON INVESTMENTS	1,758		1,905		1,693		56,939		5,250

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	1,656	$	1,696	$	624	$	53,877	$	4,889

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF NET ASSETS

December 31, 2023


	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		AST Cohen & Steers Realty Portfolio
ASSETS
Investment in the portfolios, at fair value	$	3,226	$	55,313	$	25,531
Net Assets	$	3,226	$	55,313	$	25,531

NET ASSETS, representing:
Accumulation units	$	3,226	$	55,313	$	25,531
	$	3,226	$	55,313	$	25,531

Units outstanding	931		3,998		2,310

Portfolio shares held	252		390		1,521
Portfolio net asset value per share	$	12.78	$	141.67	$	16.79
Investment in portfolio shares, at cost	$	3,437	$	10,272	$	26,793

STATEMENTS OF OPERATIONS

For the period ended December 31, 2023


	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		AST Cohen & Steers Realty Portfolio
	1/1/2023		1/1/2023		1/1/2023
	to		to		to
	12/31/2023		12/31/2023		12/31/2023

INVESTMENT INCOME
Dividend income	$	—	$	—	$	—

EXPENSES
Charges for mortality and expense risk,
and for administration	39		577		293
Reimbursement for excess expenses	—		—		—

NET EXPENSES	39		577		293

NET INVESTMENT INCOME (LOSS)	(39)		(577)		(293)

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received	—		—		—
Net realized gain (loss) on shares redeemed	(4)		450		(42)
Net change in unrealized appreciation (depreciation) on investments	161		18,960		2,803

NET GAIN (LOSS) ON INVESTMENTS	157		19,410		2,761

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	$	118	$	18,833	$	2,468

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2023


	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)
	1/1/2023		1/1/2023		1/1/2023		1/1/2023		1/1/2023
	to		to		to		to		to
	12/31/2023		12/31/2023		12/31/2023		12/31/2023		12/31/2023

OPERATIONS
Net investment income (loss)	$	339	$	(386)	$	(12,568)	$	(3,681)	$	(5,806)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		55		9,189		2,261		3,450
Net change in unrealized appreciation (depreciation) on investments	—		2,211		291,274		57,145		75,176

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	339		1,880		287,895		55,725		72,820

CONTRACT OWNER TRANSACTIONS

Annuity payments	—		—		—		—		—

Surrenders, withdrawals and death benefits	—		—		—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—

Other charges	—		—		—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	—		—		—		—		—

TOTAL INCREASE (DECREASE) IN NET ASSETS	339		1,880		287,895		55,725		72,820

NET ASSETS
Beginning of period	9,436		31,417		929,696		333,270		511,754
End of period	$	9,775	$	33,297	$	1,217,591	$	388,995	$	584,574

Beginning units	4,704		5,380		48,247		29,040		58,710
Units issued	—		—		—		—		0 (1)
Units redeemed	—		—		—		—		—
Ending units	4,704		5,380		48,247		29,040		58,710

(1) Amount is less than 1 unit.

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2023


	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)
	1/1/2023		1/1/2023		1/1/2023		1/1/2023		1/1/2023
	to		to		to		to		to
	12/31/2023		12/31/2023		12/31/2023		12/31/2023		12/31/2023

OPERATIONS
Net investment income (loss)	$	(102)	$	(209)	$	(1,069)	$	(3,062)	$	(361)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	24,066		37		22		1,789		226
Net change in unrealized appreciation (depreciation) on investments	(22,308)		1,868		1,671		55,150		5,024

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	1,656		1,696		624		53,877		4,889

CONTRACT OWNER TRANSACTIONS

Annuity payments	(40,628)		—		—		—		—

Surrenders, withdrawals and death benefits	—		—		—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—

Other charges	(978)		—		—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	(41,606)		—		—		—		—

TOTAL INCREASE (DECREASE) IN NET ASSETS	(39,950)		1,696		624		53,877		4,889

NET ASSETS
Beginning of period	45,813		16,239		86,227		221,125		26,996
End of period	$	5,863	$	17,935	$	86,851	$	275,002	$	31,885

Beginning units	3,005		2,529		5,232		13,454		3,669
Units issued	—		—		—		—		—
Units redeemed	(2,667)		—		—		—		—
Ending units	338		2,529		5,232		13,454		3,669

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2023


	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		AST Cohen & Steers Realty Portfolio
	1/1/2023		1/1/2023		1/1/2023
	to		to		to
	12/31/2023		12/31/2023		12/31/2023

OPERATIONS
Net investment income (loss)	$	(39)	$	(577)	$	(293)
Capital gains distributions received	—		—		—
Net realized gain (loss) on shares redeemed	(4)		450		(42)
Net change in unrealized appreciation (depreciation) on investments	161		18,960		2,803

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	118		18,833		2,468

CONTRACT OWNER TRANSACTIONS

Annuity payments	—		—		—

Surrenders, withdrawals and death benefits	—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		—

Other charges	—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	—		—		—

TOTAL INCREASE (DECREASE) IN NET ASSETS	118		18,833		2,468

NET ASSETS
Beginning of period	3,108		36,480		23,063
End of period	$	3,226	$	55,313	$	25,531

Beginning units	931		3,998		2,310
Units issued	—		—		—
Units redeemed	—		—		—
Ending units	931		3,998		2,310

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2022


	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022

OPERATIONS
Net investment income (loss)	$	13	$	(401)	$	(12,014)	$	(5,366)	$	(7,682)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	—		65		8,582		212,522		221,221
Net change in unrealized appreciation (depreciation) on investments	—		(5,577)		(322,859)		(316,655)		(354,722)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	13		(5,913)		(326,291)		(109,499)		(141,183)

CONTRACT OWNER TRANSACTIONS

Annuity payments	—		—		—		(274,534)		(212,359)

Surrenders, withdrawals and death benefits	—		—		—		(75,633)		(157,928)
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—

Other charges	—		—		—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	—		—		—		(350,167)		(370,287)

TOTAL INCREASE (DECREASE) IN NET ASSETS	13		(5,913)		(326,291)		(459,666)		(511,470)

NET ASSETS
Beginning of period	9,423		37,330		1,255,987		792,936		1,023,224
End of period	$	9,436	$	31,417	$	929,696	$	333,270	$	511,754

Beginning units	4,704		5,380		48,247		58,333		99,070
Units issued	—		—		—		—		—
Units redeemed	—		—		—		(29,293)		(40,360)
Ending units	4,704		5,380		48,247		29,040		58,710

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2022


	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)
	1/1/2022		1/1/2022		1/1/2022		1/1/2022		1/1/2022
	to		to		to		to		to
	12/31/2022		12/31/2022		12/31/2022		12/31/2022		12/31/2022

OPERATIONS
Net investment income (loss)	$	(576)	$	(209)	$	(1,010)	$	(2,932)	$	(353)
Capital gains distributions received	—		—		—		—		—
Net realized gain (loss) on shares redeemed	328		35		(52)		1,640		217
Net change in unrealized appreciation (depreciation) on investments	(4,300)		(2,111)		15,751		(51,748)		(6,529)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(4,548)		(2,285)		14,689		(53,040)		(6,665)

CONTRACT OWNER TRANSACTIONS

Annuity payments	—		—		—		—		—

Surrenders, withdrawals and death benefits	—		—		—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		—		—		—

Other charges	—		—		—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	—		—		—		—		—

TOTAL INCREASE (DECREASE) IN NET ASSETS	(4,548)		(2,285)		14,689		(53,040)		(6,665)

NET ASSETS
Beginning of period	50,361		18,524		71,538		274,165		33,661
End of period	$	45,813	$	16,239	$	86,227	$	221,125	$	26,996

Beginning units	3,005		2,529		5,232		13,454		3,669
Units issued	—		—		—		—		—
Units redeemed	—		—		—		—		—
Ending units	3,005		2,529		5,232		13,454		3,669

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

FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2022


	SUBACCOUNTS
	PSF PGIM Government Income Portfolio (Class I)		PSF PGIM Jennison Growth Portfolio (Class I)		AST Cohen & Steers Realty Portfolio
	1/1/2022		1/1/2022		1/1/2022
	to		to		to
	12/31/2022		12/31/2022		12/31/2022

OPERATIONS
Net investment income (loss)	$	(41)	$	(535)	$	(276)
Capital gains distributions received	—		—		—
Net realized gain (loss) on shares redeemed	(3)		405		(18)
Net change in unrealized appreciation (depreciation) on investments	(485)		(22,584)		(4,065)

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS	(529)		(22,714)		(4,359)

CONTRACT OWNER TRANSACTIONS

Annuity payments	—		—		—

Surrenders, withdrawals and death benefits	—		—		—
Net transfers between other subaccounts
or fixed rate option	—		—		27,422

Other charges	—		—		—

NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER
TRANSACTIONS	—		—		27,422

TOTAL INCREASE (DECREASE) IN NET ASSETS	(529)		(22,714)		23,063

NET ASSETS
Beginning of period	3,637		59,194		—
End of period	$	3,108	$	36,480	$	23,063

Beginning units	931		3,998		—
Units issued	—		—		2,310
Units redeemed	—		—		—
Ending units	931		3,998		2,310

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

NOTES TO FINANCIAL STATEMENTS OF

PRUCO LIFE OF NEW JERSEY SINGLE PREMIUM VARIABLE ANNUITY ACCOUNT

December 31, 2023

Note 1: General

Pruco Life of New Jersey Single Premium Variable Annuity Account (the “Account”) was established under the laws of the State of New Jersey on April 15, 1985 as a separate investment account of Pruco Life Insurance Company of New Jersey (“Pruco Life of New Jersey”), which is a wholly-owned subsidiary of Pruco Life Insurance Company (an Arizona domiciled company), which in turn is wholly-owned by 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 of New Jersey. Proceeds from purchases of Discovery Plus Annuity contract (the “contract” or "product") are invested in the Account. The portion of the Account’s assets applicable to the contract is not chargeable with liabilities arising out of any other business Pruco Life of New Jersey may conduct.

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 contract. The contract offers the option to invest in various subaccounts listed below, each of which invests in a corresponding portfolio of either The Prudential Series Fund or the Advanced Series Trust (collectively, the "Portfolios").

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 Government Income Portfolio (Class I)
PSF PGIM Jennison Growth Portfolio (Class I)
AST Cohen & Steers Realty Portfolio
PSF Small-Cap Stock Index Portfolio (Class I)*


*			Subaccount was available for investment but had no assets as of December 31, 2023, and had no activity during 2023.

There were no mergers during the period ended December 31, 2023.

New sales of the product which invests 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 product 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.

A10

Note 2: 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.

Investments - 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.

Security Transactions - 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.

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

Note 3: 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.

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, 2023, 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: Taxes

Pruco Life of New Jersey 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: 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, 2023 were as follows:

A11

Note 5: Purchases and Sales of Investments (continued)


	Purchases		Sales
PSF PGIM Government Money Market Portfolio (Class I)	$	—	$	119
PSF PGIM Total Return Bond Portfolio (Class I)	—		386
PSF PGIM Jennison Blend Portfolio (Class I)	—		12,567
PSF PGIM Flexible Managed Portfolio (Class I)	4		3,685
PSF PGIM 50/50 Balanced Portfolio (Class I)	3		5,809
PSF PGIM Jennison Value Portfolio (Class I)	—		41,708
PSF PGIM High Yield Bond Portfolio (Class I)	—		209
PSF Natural Resources Portfolio (Class I)	—		1,069
PSF Stock Index Portfolio (Class I)	—		3,062
PSF Global Portfolio (Class I)	—		361
PSF PGIM Government Income Portfolio (Class I)	—		39
PSF PGIM Jennison Growth Portfolio (Class I)	—		577
AST Cohen & Steers Realty Portfolio	—		293

Note 6: 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 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 Account indirectly bears 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.

A12

Note 7: Financial Highlights

A summary of units outstanding, accumulation unit values, net assets, investment income ratios, expense ratios, excluding expenses of the underlying Portfolios, and total returns by subaccount is presented below for each of the five years in the period ended December 31, 2023.


	At the year ended						For the year ended
	Units (000s)		Unit Value		Net Assets (000s)		Investment Income Ratio*		Expense Ratio**		Total Return***
	PSF PGIM Government Money Market Portfolio (Class I)
December 31, 2023	5		$	2.08	$	10	4.77	%	1.25	%	3.59	%
December 31, 2022	5		$	2.01	$	9	1.38	%	1.25	%	0.13	%
December 31, 2021	5		$	2.00	$	9	0.04	%	1.25	%	-1.21	%
December 31, 2020	7		$	2.03	$	14	0.31	%	1.25	%	-0.96	%
December 31, 2019	9		$	2.05	$	18	1.88	%	1.25	%	0.66	%

	PSF PGIM Total Return Bond Portfolio (Class I)
December 31, 2023	5		$	6.19	$	33	0.00	%	1.22	%	5.98	%
December 31, 2022	5		$	5.84	$	31	0.00	%	1.22	%	-15.84	%
December 31, 2021	5		$	6.94	$	37	0.00	%	1.23	%	-1.96	%
December 31, 2020	5		$	7.08	$	39	0.00	%	1.22	%	7.15	%
December 31, 2019	5		$	6.61	$	36	0.00	%	1.21	%	9.57	%

	PSF PGIM Jennison Blend Portfolio (Class I)
December 31, 2023	48		$	25.24	$	1,218	0.00	%	1.19	%	30.97	%
December 31, 2022	48		$	19.27	$	930	0.00	%	1.19	%	-25.98	%
December 31, 2021	48		$	26.03	$	1,256	0.00	%	1.19	%	18.94	%
December 31, 2020	52		$	21.89	$	1,128	0.00	%	1.18	%	27.49	%
December 31, 2019	60		$	17.17	$	1,038	0.00	%	1.18	%	27.38	%

	PSF PGIM Flexible Managed Portfolio (Class I)
December 31, 2023	29		$	13.40	$	389	0.00	%	1.04	%	16.72	%
December 31, 2022	29		$	11.48	$	333	0.00	%	1.03	%	-15.57	%
December 31, 2021	58		$	13.59	$	793	0.00	%	1.04	%	16.16	%
December 31, 2020	68		$	11.70	$	802	0.00	%	1.03	%	8.47	%
December 31, 2019	71		$	10.79	$	765	0.00	%	1.02	%	18.66	%

	PSF PGIM 50/50 Balanced Portfolio (Class I)
December 31, 2023	59		$	9.96	$	585	0.00	%	1.08	%	14.23	%
December 31, 2022	59		$	8.72	$	512	0.00	%	1.08	%	-15.60	%
December 31, 2021	99		$	10.33	$	1,023	0.00	%	1.08	%	12.16	%
December 31, 2020	124		$	9.21	$	1,140	0.00	%	1.07	%	10.25	%
December 31, 2019	144		$	8.35	$	1,200	0.00	%	1.06	%	17.24	%

	PSF PGIM Jennison Value Portfolio (Class I)
December 31, 2023	—	(1)	$	17.35	$	6	0.00	%	1.25	%	13.78	%
December 31, 2022	3		$	15.25	$	46	0.00	%	1.25	%	-9.03	%
December 31, 2021	3		$	16.76	$	50	0.00	%	1.25	%	26.21	%
December 31, 2020	3		$	13.28	$	40	0.00	%	1.25	%	2.30	%
December 31, 2019	3		$	12.98	$	40	0.00	%	1.25	%	24.50	%

	PSF PGIM High Yield Bond Portfolio (Class I)
December 31, 2023	3		$	7.09	$	18	0.00	%	1.25	%	10.44	%
December 31, 2022	3		$	6.42	$	16	0.00	%	1.25	%	-12.34	%
December 31, 2021	3		$	7.32	$	19	0.00	%	1.25	%	6.59	%
December 31, 2020	7		$	6.87	$	46	0.00	%	1.25	%	5.78	%
December 31, 2019	7		$	6.50	$	44	0.00	%	1.25	%	14.89	%

	PSF Natural Resources Portfolio (Class I)
December 31, 2023	5		$	16.60	$	87	0.00	%	1.25	%	0.72	%
December 31, 2022	5		$	16.48	$	86	0.00	%	1.25	%	20.53	%
December 31, 2021	5		$	13.67	$	72	0.00	%	1.25	%	23.95	%
December 31, 2020	5		$	11.03	$	58	0.00	%	1.25	%	10.89	%
December 31, 2019	5		$	9.95	$	55	0.00	%	1.25	%	9.32	%

A13

Note 7: Financial Highlights (continued)


	At the year ended					For the year ended
	Units (000s)	Unit Value		Net Assets (000s)		Investment Income Ratio*		Expense Ratio**		Total Return***
	PSF Stock Index Portfolio (Class I)
December 31, 2023	13	$	20.44	$	275	0.00	%	1.25	%	24.36	%
December 31, 2022	13	$	16.44	$	221	0.00	%	1.25	%	-19.35	%
December 31, 2021	13	$	20.38	$	274	0.00	%	1.25	%	26.69	%
December 31, 2020	13	$	16.08	$	216	0.00	%	1.25	%	16.62	%
December 31, 2019	13	$	13.79	$	186	0.00	%	1.25	%	29.45	%

	PSF Global Portfolio (Class I)
December 31, 2023	4	$	8.69	$	32	0.00	%	1.25	%	18.12	%
December 31, 2022	4	$	7.36	$	27	0.00	%	1.25	%	-19.80	%
December 31, 2021	4	$	9.17	$	34	0.00	%	1.25	%	16.76	%
December 31, 2020	4	$	7.86	$	29	0.00	%	1.25	%	14.40	%
December 31, 2019	6	$	6.87	$	40	0.00	%	1.25	%	28.78	%

	PSF PGIM Government Income Portfolio (Class I)
December 31, 2023	1	$	3.47	$	3	0.00	%	1.25	%	3.80	%
December 31, 2022	1	$	3.34	$	3	0.00	%	1.25	%	-14.52	%
December 31, 2021	1	$	3.91	$	4	0.00	%	1.25	%	-4.37	%
December 31, 2020	2	$	4.08	$	9	0.00	%	1.25	%	5.84	%
December 31, 2019	10	$	3.86	$	38	0.00	%	1.25	%	5.30	%

	PSF PGIM Jennison Growth Portfolio (Class I)
December 31, 2023	4	$	13.83	$	55	0.00	%	1.25	%	51.62	%
December 31, 2022	4	$	9.12	$	36	0.00	%	1.25	%	-38.37	%
December 31, 2021	4	$	14.80	$	59	0.00	%	1.25	%	14.57	%
December 31, 2020	4	$	12.92	$	52	0.00	%	1.25	%	54.27	%
December 31, 2019	7	$	8.38	$	59	0.00	%	1.25	%	31.69	%

	AST Cohen & Steers Realty Portfolio (available February 22, 2021)
December 31, 2023	2	$	11.05	$	26	0.00	%	1.25	%	10.70	%
December 31, 2022	2	$	9.98	$	23	0.00	%	1.25	%	-26.29	%
December 31, 2021	—	$	—	$	—	0.00	%	0.00	%	0.00	%
December 31, 2020	—	$	—	$	—	0.00	%	0.00	%	0.00	%
December 31, 2019	—	$	—	$	—	0.00	%	0.00	%	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. Expense ratio is net of the reimbursement for excess expenses. In the absence of the reimbursement for excess expenses, the expense ratio would be higher.
***			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. 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 years in the period ended December 31, 2023 or for the periods indicated within. Total return may reflect the reimbursement for excess expenses. In the absence of the reimbursement for excess expenses, the total return would be lower.
(1)			Amount is less than 1,000 units and/or $1,000 in net assets.

A14

Note 8: Charges and Expenses

The following represents the various charges and expenses of the Account which are paid to Pruco Life of New Jersey.

A. Mortality and Expense Risk Charges

The mortality and expense risk charges, at an effective annual rate of 0.90%, 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 contract may exceed related charges assessed by Pruco Life of New Jersey. These charges are assessed through a reduction in unit values.

B. Administration Charge

The administration charge, at an effective annual rate of 0.35%, is applied daily against the net assets of each subaccount. Administration charge includes costs associated with issuing the contract, establishing and maintaining records, and providing reports to contract owners. This charge is assessed through a reduction in unit values.

C. Reimbursement For Excess Expenses

Expenses, including a management fee charged by PGIM Investments, are incurred by each portfolio of The Prudential Series Fund. Pursuant to a prior merger agreement, the 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) and PSF PGIM 50/50 Balanced Portfolio (Class I) subaccounts of the Account are reimbursed by Pruco Life of New Jersey for expenses indirectly incurred through their investment in the respective portfolios of The Prudential Series Fund when such expenses exceed 0.40% of the average daily net assets of the respective portfolios of The Prudential Series Fund. During the period ended December 31, 2023, there was a reimbursement for excess expenses.

Note 9: Other

Accumulation units are the basic valuation units used to calculate a contract owner's interest allocated to the variable account before the annuitization date.

Annuity payments 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 contract.

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

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

Miscellaneous transactions 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.

A15

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Pruco Life Insurance Company of New Jersey and the Contract Owners of Pruco Life of New Jersey Single 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 of New Jersey Single Premium Variable Annuity Account indicated in the table below as of December 31, 2023, the related statements of operations for the period then ended, and the statements of changes in net assets for each of the two years in the period ended December 31, 2023, 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 of New Jersey Single Premium Variable Annuity Account as of December 31, 2023, the results of each of their operations for the period then ended, and the changes in each of their net assets for each of the two years in the period ended December 31, 2023 in conformity with accounting principles generally accepted in the United States of America.


PSF PGIM Government Money Market Portfolio (Class I)			PSF Natural Resources Portfolio (Class I)
PSF PGIM Total Return Bond Portfolio (Class I)			PSF Stock Index Portfolio (Class I)
PSF PGIM Jennison Blend Portfolio (Class I)			PSF Global Portfolio (Class I)
PSF PGIM Flexible Managed Portfolio (Class I)			PSF PGIM Government Income Portfolio (Class I)
PSF PGIM 50/50 Balanced Portfolio (Class I)			PSF PGIM Jennison Growth Portfolio (Class I)
PSF PGIM Jennison Value Portfolio (Class I)			AST Cohen & Steers Realty Portfolio
PSF PGIM High Yield Bond Portfolio (Class I)

Basis for Opinions

These financial statements are the responsibility of the Pruco Life Insurance Company of New Jersey management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of Pruco Life of New Jersey Single 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 of New Jersey Single 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, 2023 by correspondence with the transfer agent of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 23, 2024

We have served as the auditor of one or more of the subaccounts of Pruco Life of New Jersey Single Premium Variable Annuity Account since at least 2013. We have not been able to determine the specific year we began serving as auditor of one or more of the subaccounts of Pruco Life of New Jersey Single Premium Variable Annuity Account.

A16