Prudential's
Variable Appreciable Life®
(Life Insurance Face Amounts of $100,000 or more)

Monthly Performance Review - 9/30/2021

Past performance does not guarantee future results. Current performance may be lower or higher than the past performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost.
Monthly Performance Review - 9/30/2021
 Fund InformationMonthly Average Annual Total Returns
As of - 9/30/2021
Quarterly Average Annual Total
Returns
As of - 9/30/2021
Variable Investment Subaccounts Inception DateYTD
%
1 Year
%
3 Years
%
5 Years
%
10 Years
%
Since
Inception
%
1 Year
%
5 Years
%
10
Yrs/Since
Inception
%††
Specialty:
AST Cohen & Steers Realty PortfolioOpens a PDF1/02/199822.5132.8212.748.4711.348.8932.828.4711.34
PSF Natural Resources Portfolio 14Opens a PDF5/02/198817.1547.734.893.31-0.098.6847.733.31-0.09
Global/International:
PSF Global Portfolio 14Opens a PDF9/19/198812.3327.8913.1113.7512.777.5027.8913.7512.77
Large-Cap Growth:
PSF PGIM Jennison Blend Portfolio 14Opens a PDF8/11/198712.4228.0716.1017.5814.858.9828.0717.5814.85
PSF PGIM Jennison Growth Portfolio 14Opens a PDF4/25/199510.0623.8723.6624.3619.8811.2623.8724.3619.88
Large-Cap Blend:
PSF Stock Index Portfolio 14Opens a PDF10/19/198715.1128.8014.9615.8615.6310.3728.8015.8615.63
Large-Cap Value:
PSF PGIM Jennison Value Portfolio 14Opens a PDF2/19/198816.8633.899.3611.2511.199.2233.8911.2511.19
Small-Cap Blend:
PSF Small-Cap Stock Index Portfolio 14Opens a PDF4/25/199519.1756.088.4512.5814.6910.5156.0812.5814.69
Balanced:
PSF PGIM 50/50 Balanced Portfolio 14Opens a PDF8/11/19876.8413.639.138.708.996.5913.638.708.99
PSF PGIM Flexible Managed Portfolio 14Opens a PDF8/11/19879.9017.858.989.5110.407.2217.859.5110.40
Fixed Income:
PSF PGIM Total Return Bond Portfolio 14Opens a PDF8/11/1987-1.460.895.793.694.236.040.893.694.23
PSF PGIM Government Income Portfolio 14Opens a PDF5/01/1989-2.92-3.063.741.641.915.00-3.061.641.91
PSF PGIM High Yield Bond Portfolio 14Opens a PDF8/11/19876.8013.447.867.067.376.3413.447.067.37
Money Market:
PSF PGIM Government Money Market
7-Day Current Net Yield as of 9/30/2021:-0.52% 14Opens a PDF
8/11/1987-0.40-0.560.310.27-0.152.42-0.560.27-0.15
Real Estate Fund:
Real Property Partnership Portfolio 138/11/1987-0.70-4.68-4.33-0.993.073.84-4.68-0.993.07

The average annual total returns reflect the reinvestment of all dividends and capital gains, and the deduction of investment management fees, expenses, as well as contract’s specific Mortality and Expense Risk Charge. The returns do not reflect other life insurance policy charges (sales, administration, and actual cost of insurance) nor any applicable surrender or lapse charges, which would significantly lower the stated returns. You may obtain a personalized illustration, from your licensed financial professional, which reflects the cost of your policy's insurance protection.

The yield quotation more closely reflects the current earnings of the fund than the total return quotation.
The table above shows the historical performance of the subaccounts of Prudential’s Variable Appreciable Account, which was established, August 11, 1987. The performance in this table assumes that the subaccount was available from inception of the separate account that supports your variable life policy or, in cases where the subaccount was created after the separate account, from inception date of the subaccount. Performance may be hypothetical for periods prior to when the subaccount was added to the separate account, when indicated by a footnote.
PLEASE REVIEW THIS MATERIAL WITH A CURRENT VARIABLE PRODUCT PROSPECTUS, PRODUCT MATERIAL (product brochure or illustration).
Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses as well as other important information. You should read the prospectuses carefully before investing.
An investment in the Prudential Series Fund Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. The yield quotation more closely reflects the current earnings of the Money Market Portfolio than the total return quotation.
Investing in real estate poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations. Investing in a particular sector increases vulnerability to any single economic, political, or regulatory developments. Small cap stocks may be subject to more erratiac movements than large cap stocks; foreign securities are subject to currency fluctuation and political uncertainty. Fixed income investments are subject to interest rate risks, and their value will decline as interest rates rise. These risks may result in greater share price volatility.
The Prudential Series Fund investment portfolios are available to the public only through variable life and variable annuity contracts. The performance of these portfolios is not related to that of any other retail mutual funds, despite any similarities in their names, investment objectives or policies.
Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. For cost and complete details for coverage, contact your licensed financial professional or refer to the prospectus.
Variable Appreciable Life® is issued by The Prudential Insurance Company of America and is distributed by Pruco Securities LLC (member SIPC), both located at 751 Broad Street, Newark, NJ 07102-3777. All are Prudential Financial companies. Prudential, the Prudential logo, the Rock symbol, and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Each company is solely responsible for its own respective financial conditions and contractual obligations.
The policy contract numbers for Variable Appreciable Life® are VALA-88 and VALB-88.

Footnotes

††Since Inception returns are presented for investment options with less than ten years of performance, otherwise the performance reflects for the ten year period.

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For Compliance use Only1008767-00010-00 Ed.8/2021