<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the quarterly period ended September 30, 2000
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission file number 333-18053
PRUCO LIFE INSURANCE COMPANY
OF NEW JERSEY
(Exact name of Registrant as specified in its charter)
New Jersey 22-2426091
------------------------------------------- --------------------------------
(State or other (IRS Employer Identification No.)
jurisdiction, incorporation or organization)
213 Washington Street, Newark, New Jersey 07102
-------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(973) 802-3274
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(Registrant's Telephone Number, including area code)
Securities registered pursuant to Section 12 (b) of the Act: NONE
Securities registered pursuant to Section 12 (g) of the Act: NONE
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES /X/ NO / /
State the aggregate market value of the voting stock held by
non-affiliates of the registrant: NONE
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of November 14, 2000. Common stock, par
value of $5 per share: 400,000 shares outstanding
Pruco Life Insurance Company of New Jersey meets the conditions set
forth in General Instruction (H) (1) (a) and (b) on Form 10-Q and
is therefore filing this Form with the reduced disclosure format.
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<PAGE>
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
INDEX TO FINANCIAL STATEMENTS
Page No.
Cover Page -
Index 2
PART I - Financial Information
Item 1. (Unaudited) Financial Statements
Statements of Financial Position
As of September 30, 2000 and December 31, 1999 3
Statements of Operations and Comprehensive Income
Nine and Three months ended September 30, 2000 and 1999 4
Statements of Changes in Stockholder's Equity
Periods ended September 30, 2000 and December 31, 1999 and 1998 5
Statements of Cash Flows
Nine months ended September 30, 2000 and 1999 6
Notes to Financial Statements 7
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations 9
PART II - Other Information
Item 6. Exhibits and Reports on Form 8-K 11
Signature Page 12
2
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Pruco Life Insurance Company of New Jersey
Statements of Financial Position
As of September 30, 2000 and December 31, 1999 (In Thousands)
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<TABLE>
<CAPTION>
(Unaudited)
September 30, December 31,
2000 1999
----------- -----------
<S> <C> <C>
ASSETS
Fixed maturities
Available for sale, at fair value (amortized cost, 2000: $632,633 and 1999: $604,223) $ 623,732 $ 585,271
Held to maturity, at amortized cost (fair value, 2000: $7,132; and 1999: $6,938) 7,470 7,470
Policy loans 149,991 143,815
Short-term investments 74,179 27,473
Other long-term investments 4,043 2,520
----------- -----------
Total investments 859,415 766,549
Cash 758 117
Deferred policy acquisition costs 122,261 129,184
Accrued investment income 14,527 12,492
Receivables from affiliate 20,344 16,231
Other assets 18,139 474
Separate Account assets 1,887,117 1,827,484
----------- -----------
TOTAL ASSETS $ 2,922,561 $ 2,752,531
=========== ===========
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities
Policyholders' account balances $ 428,879 $ 414,917
Future policy benefits and other policyholder liabilities 108,986 105,861
Cash collateral for loaned securities 45,876 17,900
Securities sold under agreements to repurchase 16,773 --
Income taxes payable 32,529 27,829
Other liabilities 31,128 7,571
Separate Account liabilities 1,887,117 1,827,484
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Total liabilities $ 2,551,288 $ 2,401,562
----------- -----------
Contingencies - (See Footnote 2)
Stockholder's Equity
Common stock, $5 par value;
400,000 shares, authorized;
issued and outstanding at
September 30, 2000 and December 31, 1999 2,000 2,000
Paid-in-capital 125,000 125,000
Retained earnings 247,176 230,057
Accumulated other comprehensive loss (2,903) (6,088)
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Total stockholder's equity 371,273 350,969
----------- -----------
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $ 2,922,561 $ 2,752,531
=========== ===========
</TABLE>
See Notes to Financial Statements
3
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Pruco Life Insurance Company of New Jersey
Statements of Operations and Comprehensive Income (Unaudited)
Nine and Three Months Ended September 30, 2000 and 1999 (In Thousands)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Nine months ended Three months ended
September 30, September 30,
2000 1999 2000 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
REVENUES
Premiums $ 4,284 $ 5,613 $ 1,009 $ 2,462
Policy charges and fee income 41,373 38,895 13,916 12,709
Net investment income 40,116 37,288 13,042 12,713
Realized investment (losses) gains, net (493) (2,661) 1,056 (522)
Asset management fees 6,416 4,876 2,231 1,626
Other income 156 305 52 141
-------- -------- -------- --------
Total revenues 91,852 84,316 31,306 29,129
-------- -------- -------- --------
BENEFITS AND EXPENSES
Policyholders' benefits 21,699 19,906 7,287 5,479
Interest credited to policyholders' account 14,009 14,042 4,488 5,117
balances
General, administrative and other expenses 29,806 33,901 8,163 12,278
-------- -------- -------- --------
Total benefits and expenses 65,514 67,849 19,938 22,874
-------- -------- -------- --------
Income from operations before income taxes 26,338 16,467 11,368 6,255
-------- -------- -------- --------
Income tax provision 9,219 5,763 3,979 2,189
-------- -------- -------- --------
NET INCOME $ 17,119 $ 10,704 $ 7,389 $ 4,066
-------- -------- -------- --------
Other comprehensive income, net of tax:
Unrealized gains (losses) on securities,
net of reclassification adjustment 3,185 (5,216) 2,581 (1,237)
-------- -------- -------- --------
TOTAL COMPREHENSIVE INCOME $ 20,304 $ 5,488 $ 9,970 $ 2,829
======== ======== ======== ========
</TABLE>
See Notes to Financial Statements
4
<PAGE>
Pruco Life Insurance Company of New Jersey
Statements of Changes in Stockholder's Equity (Unaudited)
Periods ended September 30, 2000 and December 31, 1999 and 1998 (In Thousands)
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<TABLE>
<CAPTION>
Accumulated
other Total
Common Paid - in - Retained comprehensive stockholder's
stock capital earnings income (loss) equity
---------- ----------- --------- ------------- --------------
<S> <C> <C> <C> <C> <C>
Balance, January 1, 1998 $ 2,000 $ 125,000 $ 185,437 $ 2,956 $ 315,393
Net income - - 31,823 - 31,823
Change in net unrealized
investment losses, net of
reclassification and taxes - - - (1,363) (1,363)
---------- ----------- --------- ------------- --------------
Balance, December 31, 1998 $ 2,000 $ 125,000 $ 217,260 $ 1,593 $ 345,853
Net income - - 12,797 - 12,797
Change in net unrealized
investment losses, net of
reclassification and taxes - - - (7,681) (7,681)
---------- ----------- --------- ------------- --------------
Balance, December 31, 1999 $ 2,000 $ 125,000 $ 230,057 $ (6,088) $ 350,969
Net income - - 17,119 - 17,119
Change in net unrealized
investment gains, net of
reclassification and taxes - - - 3,185 3,185
---------- ----------- --------- ------------- --------------
Balance, September 30, 2000 $ 2,000 $ 125,000 $ 247,176 $ (2,903) $ 371,273
========== =========== ========= ============= ==============
</TABLE>
See Notes to Financial Statements
5
<PAGE>
Pruco Life Insurance Company of New Jersey
Statements of Cash Flows (Unaudited)
Nine Months Ended September 30, 2000 and 1999 (In Thousands)
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<TABLE>
<CAPTION>
Nine months ended,
September 30,
2000 1999
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<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 17,119 $ 10,704
Adjustments to reconcile net income to net cash (used in) provided by
operating activities:
Policy charges and fee income (7,432) (8,630)
Interest credited to policyholders' account balances 14,009 14,042
Realized investment losses, net 493 2,661
Amortization and other non-cash items (3,944) 12,569
Change in:
Future policy benefits and other policyholders' liabilities 3,125 982
Accrued investment income (2,035) (946)
Payable to/Receivable from affiliates, net (4,113) (8,961)
Policy loans (6,176) (3,182)
Deferred policy acquisition costs 6,923 (9,148)
Income taxes payable 4,700 2,402
Other, net 5,896 1,832
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Cash Flows From Operating Activities 28,565 14,325
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CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale/maturity of:
Fixed maturities:
Available for sale 357,461 637,300
Payments for the purchase of:
Fixed maturities:
Available for sale (389,715) (650,987)
Held to maturity - (7,470)
Cash collateral for loaned securities, net 27,976 (22,474)
Securities sold under agreements to repurchase, net 16,773 (11,137)
Other long-term investments (1,523) (1,320)
Short term investments, net (46,706) 47,771
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Cash Flows (Used in) Investing Activities (35,734) (8,317)
--------- ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders' account balances:
Deposits 142,756 195,689
Withdrawals (134,946) (201,716)
--------- ---------
Cash Flows From (Used in) Financing Activities 7,810 (6,027)
--------- ---------
Net increase (decrease) in Cash 641 (19)
Cash, beginning of year 117 45
--------- ---------
CASH, END OF PERIOD $ 758 $ 26
========= =========
</TABLE>
See Notes to Financial Statements
6
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Pruco Life Insurance Company of New Jersey
Notes to Financial Statements (Unaudited)
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1. BASIS OF PRESENTATION
The accompanying interim financial statements have been prepared pursuant to the
rules and regulations for reporting on Form 10-Q on the basis of accounting
principles generally accepted in the United States. These interim financial
statements are unaudited but reflect all adjustments which, in the opinion of
management, are necessary to provide a fair presentation of the results of
operations and financial condition of the Pruco Life Insurance Company of New
Jersey ("the Company"), for the interim periods presented. All such adjustments
are of a normal recurring nature. The Company is a wholly-owned subsidiary of
the Pruco Life Insurance Company ("Pruco Life") which in turn is a wholly-owned
subsidiary of The Prudential Insurance Company of America ("Prudential"). The
results of operations for any interim period are not necessarily indicative of
results for a full year. Certain amounts in the Company's prior year financial
statements have been reclassified to conform to the 2000 presentation. These
financial statements should be read in conjunction with the financial statements
and notes thereto contained in the Company's Annual Report on Form 10-K for the
year ended December 31, 1999.
2. CONTINGENCIES
Various lawsuits against the Company have arisen in the course of the Company's
business. In certain of these matters, large and/or indeterminate amounts are
sought.
On October 28, 1996, the Company entered into a Stipulation of Settlement with
attorneys for the plaintiffs in a consolidated class action lawsuit pending in a
Multi-District Litigation proceeding in the U.S. District Court for the District
of New Jersey. The class action suit involved alleged improprieties in
connection with the sale, servicing and operation of permanent life insurance
policies from 1982 through 1995. Pursuant to the settlement, the Company has
participated in a remediation program pursuant to which relief was offered to
policyowners who were misled when they purchased permanent life insurance
policies in the United States from 1982 to 1995. Prudential has agreed to
indemnify the Company for any liability incurred in connection with that
litigation.
The balance of the Company's litigation is subject to many uncertainties, and
given the complexity and scope, the outcomes cannot be predicted with precision.
Management believes that any ultimate liability that could result from such
litigation would not have a material adverse effect on the Company's financial
position.
3. RELATED PARTY TRANSACTIONS
The Company has extensive transactions and relationships with Prudential and
other affiliates. It is possible that the terms of these transactions are not
the same as those that would result from transactions among wholly unrelated
parties.
Expense Charges and Allocations
All of the Company's expenses are allocations or charges from Prudential or
other affiliates. These expenses can be grouped into the following categories:
general and administrative expenses, retail distribution expenses and asset
management fees.
The Company's general and administrative expenses are charged to the Company
using allocation methodologies based on business processes. Management believes
that the methodology is reasonable and reflects costs incurred by Prudential to
process transactions on behalf of the Company. Prudential and the Company
operate under service and lease agreements whereby services of officers and
employees, supplies, use of equipment and office space are provided by
Prudential.
The Company is allocated estimated distribution expenses from Prudential's
retail agency network for both its domestic life and annuity products. The
Company has capitalized the majority of these distribution expenses as deferred
policy acquisition costs ("DAC"). At April 1, 2000, Prudential and the Company
agreed to revise the estimate of allocated distribution expenses to reflect a
market based pricing arrangement.
The Company is charged an asset management fee by Prudential Global Asset
Management ("PGAM") for managing the Separate Account investment portfolio.
These fees are a component of general, administrative and other expenses.
7
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Pruco Life Insurance Company of New Jersey
Notes to Financial Statements (Unaudited)
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3. RELATED PARTY TRANSACTIONS (continued)
In accordance with a profit sharing agreement with Prudential, the Company
receives asset management fee income from policyholder account balances invested
in the Prudential Series Funds ("PSF"). These amounts are recorded as "Asset
Management Fees" in the Statement of Operations.
On September 29, 2000, the Board of Directors for the Prudential Series Funds,
Inc. ("PSFI") adopted resolutions to terminate the existing management agreement
between PSFI and Prudential and has appointed another subsidiary of Prudential
as the fund manager for PSF. The Company is currently assessing the effect of
these resolutions on its profit sharing agreement with Prudential.
Corporate Owned Life Insurance
The Company has sold a Corporate Owned Life Insurance ("COLI") policy to
Prudential. The cash surrender value included in Separate Accounts was $194.4
million and $199.0 million at September 30, 2000 and December 31, 1999,
respectively.
Reinsurance
The Company currently has a reinsurance agreement in place with Prudential ("the
reinsurer"). The reinsurance agreement is a yearly renewable term agreement in
which the Company may offer and the reinsurer may accept reinsurance on any life
in excess of the Company's maximum limit of retention. The Company is not
relieved of its primary obligation to the policyholder as a result of these
reinsurance transactions. These agreements had no material effect on net income
for the periods ended September 30, 2000 and December 31, 1999.
Debt Agreements
In July 1998, the Company established a revolving line of credit facility with
Prudential Funding Corporation, a wholly-owned subsidiary of Prudential. There
is no outstanding debt relating to this credit facility as of September 30, 2000
or December 31, 1999.
4. RECENT ACCOUNTING PRONOUNCEMENTS
In June 1998, the Financial Accounting Standards Board ("FASB") issued Statement
of Financial Accounting Standards ("SFAS") No. 133, "Accounting for Derivative
Instruments and Hedging Activities." SFAS 133 was amended by SFAS 137,
"Accounting for Derivative Instruments and Hedging Activities - Deferral of the
Effective Date of FASB Statement No. 133", issued June, 1999 and by SFAS 138,
"Accounting for Certain Derivative Instruments and Certain Hedging Activities"
issued in June 2000. SFAS 133, as amended, requires that companies recognize all
derivatives as either assets or liabilities in the balance sheet and measure
those instruments at fair value. SFAS 133 does not apply to most traditional
insurance contracts. However, certain hybrid contracts that contain features
which may affect settlement amounts similarly to derivatives may require
separate accounting for the "host contract" and the underlying "embedded
derivative" provisions. The latter provisions would be accounted for as
derivatives as specified by the statement.
SFAS No. 133 provides, if certain conditions are met, that a derivative may be
specifically designated as (1) a hedge of the exposure to changes in the fair
value of a recognized asset or liability or an unrecognized firm commitment
(fair value hedge), (2) a hedge of the exposure to variable cash flows of a
forecasted transaction (cash flow hedge), or (3) a hedge of the foreign currency
exposure of a net investment in a foreign operation, an unrecognized firm
commitment, an available-for-sale security or a foreign-currency-denominated
forecasted transaction (foreign currency hedge).
Under SFAS No. 133, the accounting for changes in fair value of a derivative
depends on its intended use and designation. For a fair value hedge, the gain or
loss is recognized in earnings in the period of change together with the
offsetting loss or gain on the hedged item. For a cash flow hedge, the effective
portion of the derivative's gain or loss is initially reported as a component of
other comprehensive income and subsequently reclassified into earnings when the
forecasted transaction affects earnings. For a hedge of a net investment in a
foreign subsidiary, the gain or loss is reported in other comprehensive income
as part of the foreign currency translation adjustment. For all other
derivatives not designated as hedging instruments, the gain or loss is
recognized in earnings in the period of change. The Company is required to adopt
this Statement, as amended, as of January 1, 2001. Adoption of SFAS 133, as
amended, is not expected to have a material impact on the Company's financial
position or results of operations.
8
<PAGE>
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations.
Pruco Life Insurance Company of New Jersey meets the conditions set forth in
General Instruction H(1)(a) and (b) on Form 10-Q and is filing this form with
reduced disclosure.
1. Analysis of Financial Condition
Total assets for the Company increased $170.0 million during the first nine
months of 2000. As a result of increased securities lending activity, short-term
investments rose by $46.7 million. In addition, Separate Account assets
increased by $59.6 million, due to net cash inflows. Other assets increased by
$17.7 million due to timing on the cash collection of receivables for securities
sold.
Similarly, liabilities increased by $149.7 million from December 31, 1999.
Higher levels of securities lending activity increased liabilities by $44.7
million. Separate Account contractholder fund balances grew by $59.6 million due
to contributions of $157.3 million and new investment income of $19.8 million,
offset by surrenders, withdrawals and disbursements of $117.5 million.
Policyholder account balances increased by $14.0 million mainly due to sales of
the Discovery Select annuity product ("Discovery Select"). Other liabilities
increased by $23.6 million primarily as a result of timing of the cash payments
for purchases of securities.
2. Results of Operations
For the nine months ended September 30, 2000 and September 30, 1999
-------------------------------------------------------------------
Net income for the nine months ended September 30, 2000 was $17.1 million, an
increase of $6.4 million from the first nine months of 1999. Revenue increased
by $7.5 million and expenses decreased by $2.3 million. The income tax provision
was higher by $3.4 based on the corresponding increase in net income.
Net investment income increased by $2.8 million primarily due to a corresponding
increase in the fixed maturity and short term asset base during the period.
There were also realized losses of $.5 million, an improvement of $2.2 million,
as a result of gains on forward currency contracts, driven by a rise in the
value of the US dollar against other currencies compared to the same period in
1999.
Policy charges and fee income increased by $2.5 million and asset management
fees increased by $1.5 million when comparing year-to-date September 30, 2000 to
September 30, 1999. The increases are primarily related to higher mortality and
expense charges and investment advisory fees resulting from the rise in Separate
Account assets primarily as a result of sales of Discovery Select.
Policyholders' benefits increased slightly by $1.8 million, primarily due to
increases in reserves for extended term policies and disability reserves.
Interest credited to policyholder account balances remained relatively flat
during the period compared to the prior year.
General, administrative and other expenses decreased by $4.1 million. DAC
amortization, which is a component of general, administrative and other
expenses, was lower by $3.1 million as a decrease in the DAC amortization of
life products of $3.6 million was slightly offset by increases in annuity DAC
amortization of $.5 million. DAC amortization for life products decreased as the
prior year included write-offs of DAC for policies that were rescinded as a
result of the Company's policyholder remediation program, as described in the
Notes to the Financial Statements. Annuity DAC amortization increased due to
growth in profitability of the annuity business, changes made late in 1999 to
the assumptions used in the amortization model, and the release of DAC due to
Discovery Select lapse experience. In addition, as of April 1, 2000, there was a
change in the allocation of estimated distribution expenses from Prudential's
retail agency network, which decreased year over year expenses by $1.0 million.
For the three months ended September 30, 2000 and September 30, 1999
--------------------------------------------------------------------
Net income for the three months ended September 30, 2000 was $7.4 million, an
increase of $3.3 million from the third quarter of 1999, with increases of $2.2
million in revenues and decreases of $2.9 million in expenses. The income tax
provision was higher by $1.8 million based on the corresponding increase in net
income.
Net investment income increased by $.3 million primarily due to a corresponding
increase in the fixed maturity asset base during the period. There were also
realized gains of $1.1 million, an improvement of $1.6 million compared to 1999,
as a result of gains on forward currency contracts, driven by a rise in the
value of the US dollar against other currencies.
9
<PAGE>
Policy charges and fee income increased by $1.2 million and asset management
fees increased by $.6 million related to higher mortality and expense charges
and investment advisory fees, resulting from the rise in Separate Account assets
primarily as a result of sales of Discovery Select.
Policyholder benefits, including changes in reserves, are $1.8 million higher
due to increases in reserves for extended term policies and disability reserves.
General, administrative and other expenses decreased by $4.1 million from the
prior year. DAC amortization decreased by $2.5 million, mainly due to write-offs
of DAC for life policies that were rescinded as a result of the Company's
policyholder remediation program as described in the Notes to the Financial
Statements. As of April 1, 2000, there was a change in the allocation of
estimated distribution expenses from Prudential's retail agency network, which
decreased quarter over quarter expenses by $1.0 million. In addition, an
increase to the reserve for unbeknownst modified endowment contracts ("UMEC") of
$1.1 million was offset by decreased salary and consulting expenses.
3. Liquidity and Capital Resources
Principal cash flow sources are investment and fee income, investment maturities
and sales, and premiums and fund deposits. These cash inflows may be
complemented by financing activities through other Prudential affiliates.
Cash outflows consist principally of benefits, claims and amounts paid to
policyholders in connection with policy surrenders, withdrawals and net policy
loan activity. Uses of cash also include commissions, general and administrative
expenses, and purchases of investments. Liquidity requirements associated with
policyholder obligations are monitored regularly so that the Company can manage
cash inflows to match anticipated cash outflow requirements.
The Company believes that cash flow from operations together with proceeds from
scheduled maturities and sales of fixed maturity investments, are adequate to
satisfy liquidity requirements based on the Company's current liability
structure.
The Company had $2.9 billion of assets at September 30, 2000 compared to $2.8
billion at December 31, 1999, of which $1.9 billion and $1.8 billion were held
in Separate Accounts at September 30, 2000 and December 31, 1999, respectively,
under variable life insurance policies and variable annuity contracts. The
remaining assets consisted primarily of investments and deferred policy
acquisition costs.
4. Information Concerning Forward-Looking Statements
Some of the statements contained in Management's Discussion and Analysis,
including those words such as "believes", "expects", "intends", "estimates",
"assumes", "anticipates" and "seeks", are forward-looking statements. These
forward-looking statements involve risk and uncertainties. Actual results may
differ materially from those suggested by the forward-looking statements for
various reasons. In particular, statements contained in Management's Discussion
and Analysis regarding the Company's business strategies involve risks and
uncertainties, and we can provide no assurance that we will be able to execute
our strategies effectively or achieve our financial and other objectives.
10
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PART II
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Item 6. Exhibits and Reports on Form 8-K
-----------------------------------------
(a) Exhibits
--------
3(i)(a) The Articles of Incorporation (as amended through March 11,
1983) of Pruco Life Insurance Company of New Jersey are
incorporated by reference to Post-effective Amendment No. 26
to the Registration Statement on Form S-6 of Pruco Life of New
Jersey Variable Appreciable Account as filed April 28, 1997,
Registration No. 2-89780.
3(i)(b) Amendment to the Articles of Incorporation dated February 12,
1998 is incorporated by reference to Post-Effective Amendment
No. 12 to the Registration Statement on Form S-1, of Pruco
Life of New Jersey Variable Contract Real Property Account
as filed on April 16, 1999, Registration No. 33-20018.
3(ii) By-Laws of Pruco Life Insurance Company of New Jersey (as
amended through May 5, 1997) are incorporated by reference to
Form 10-Q as filed by the Company on August 15, 1997.
4 Market-Value Adjustment Annuity Contract is incorporated by
reference to the Company's registration statement on
Form S-1, Registration No. 333-18053, as filed November 17,
1995.
27 Financial Data Schedule is filed herewith in accordance with
EDGAR instructions.
11
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SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf of the
undersigned, thereunto duly authorized.
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(Registrant)
Signature Title Date
--------- ----- ----
_______________________ President and Director November 14, 2000
Esther H. Milnes
_______________________ Principal Financial Officer November 14, 2000
William J. Eckert, IV and Chief Accounting Officer
12
