PruLife� Private Placement VUL

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 - 4/30/2024
Fund Information	Monthly Average Annual Total Returns As of - 4/30/2024							Quarterly Average Annual Total Returns As of - 3/31/2024
Variable Investment Subaccounts	Inception Date	YTD %	1 Year %	3 Years %	5 Years %	10 Years %	Since Inception %	1 Year %	5 Years %	10 Yrs/Since Inception %^††
Asset Allocation:
Vanguard VIF Balanced Portfolio Opens a PDF	5/08/2001	2.52	11.11	3.51	7.83	7.79	7.66	16.71	8.96	8.22
Vanguard VIF Conservative Allocation Portfolio Opens a PDF	10/19/2011	-0.05	6.48	-0.27	3.93	4.57	5.49	10.29	4.78	4.93
Vanguard VIF Moderate Allocation Opens a PDF	10/19/2011	1.25	9.81	1.10	5.82	6.07	7.35	14.30	6.91	6.46
Fixed Income:
AST Core Fixed Income Portfolio Opens a PDF	11/19/2007	-3.25	-0.93	-4.44	-0.43	1.56	2.73	2.41	0.18	1.96
MFS® Total Return Bond Series Opens a PDF	5/08/2001	-2.65	0.52	-3.03	0.47	1.63	3.96	3.61	1.04	1.97
PSF PGIM High Yield Bond PortfolioOpens a PDF	5/08/2001	0.76	8.28	1.23	4.24	4.89	6.62	10.86	4.85	5.06
Vanguard VIF Global Bond Index Opens a PDF	9/07/2017	-2.62	0.01	-3.15	-0.14	No data available	0.44	2.63	0.29	0.77
Vanguard VIF High Yield Bond Portfolio Opens a PDF	5/08/2001	-0.02	7.41	1.32	3.30	3.99	5.46	8.97	3.80	4.13
Vanguard VIF Short Term Investment Grade Portfolio Opens a PDF	5/08/2001	-0.04	3.47	-0.11	1.64	1.82	3.08	4.73	1.82	1.92
Vanguard VIF Total Bond Market Index Opens a PDF	5/08/2001	-3.21	-1.45	-3.61	-0.21	1.10	3.25	1.60	0.29	1.43
Global/International:
AST MFS Global Equity Portfolio Opens a PDF	5/08/2001	-0.07	2.94	-0.10	6.50	6.97	7.55	11.94	8.35	7.60
Vanguard VIF International Portfolio Opens a PDF	5/08/2001	2.03	5.77	-7.94	6.78	7.07	6.91	7.50	8.35	7.43
Vanguard VIF Total International Stock Index Portfolio Opens a PDF	9/07/2017	1.96	8.55	0.19	5.07	No data available	4.15	13.00	6.12	4.57
Large-Cap Blend:
American Funds Insurance Series® Growth-Income Fund Opens a PDF	5/08/2001	6.59	24.64	7.72	11.53	11.45	7.22	31.90	13.02	11.89
PSF Stock Index PortfolioOpens a PDF	5/08/2001	5.93	22.28	7.74	12.87	12.11	7.98	29.48	14.71	12.66
Vanguard VIF Equity Index Opens a PDF	5/08/2001	5.98	22.47	7.91	13.03	12.25	8.15	29.71	14.89	12.80
Vanguard VIF Mid-Cap Index Opens a PDF	5/08/2001	2.69	15.42	2.26	8.91	9.30	9.09	20.30	10.79	9.75
Vanguard VIF Total Stock Market Index Portfolio Opens a PDF	1/08/2003	5.14	22.31	6.13	12.21	11.62	10.49	29.25	14.12	12.14
Large-Cap Growth:
American Funds Insurance Series® Growth Fund Opens a PDF	5/08/2001	6.79	31.36	4.94	16.55	15.19	9.50	39.19	18.50	15.74
AST Large-Cap Growth PortfolioOpens a PDF	5/08/2001	8.19	33.73	3.68	12.96	14.67	9.08	43.08	14.88	14.89
Fidelity® VIP Contrafund® Portfolio Opens a PDF	5/08/2001	12.00	33.28	8.61	14.91	12.45	9.82	42.18	16.80	12.93
PSF PGIM Jennison Blend Portfolio Opens a PDF	5/08/2001	8.07	29.77	6.13	12.50	11.45	7.92	37.54	14.36	11.81
PSF PGIM Jennison Growth Portfolio Opens a PDF	5/08/2001	8.00	38.23	4.80	15.39	15.50	9.21	47.59	17.51	15.82
Vanguard VIF Capital Growth Portfolio Opens a PDF	12/03/2002	5.80	25.56	7.28	12.68	13.09	12.38	30.72	14.15	13.29
Vanguard VIF Growth Portfolio Opens a PDF	5/08/2001	8.36	32.27	3.41	13.28	13.81	7.20	39.49	15.59	14.20
Large-Cap Value:
AST Large-Cap Value PortfolioOpens a PDF	5/08/2001	3.72	12.57	6.88	9.99	8.96	6.30	18.85	11.98	9.44
PSF PGIM Jennison Value PortfolioOpens a PDF	5/08/2001	7.02	20.54	7.92	10.19	8.15	7.14	27.25	11.86	8.56
Vanguard VIF Diversified Value Portfolio Opens a PDF	5/08/2001	4.47	18.49	7.12	11.87	9.30	8.10	25.18	13.88	9.85
Vanguard VIF Equity Income Portfolio Opens a PDF	5/08/2001	4.33	12.72	7.36	9.62	9.57	8.16	18.59	10.94	10.09
Mid-Cap Blend:
BNY Mellon MidCap Stock PortfolioOpens a PDF	5/08/2001	2.94	17.57	3.43	7.85	7.30	5.90	25.60	10.07	8.02
Mid-Cap Growth:
AST Mid-Cap Growth Portfolio Opens a PDF	5/08/2001	2.65	17.67	-2.81	6.40	8.21	6.18	22.99	8.66	8.58
PSF Mid-Cap Growth PortfolioOpens a PDF	5/08/2001	3.80	20.74	-0.63	11.15	10.38	8.77	26.33	13.29	10.77
Money Market:
AST Government Money Market Portfolio 7-Day Current Net Yield as of 4/30/2024: 4.80%	5/08/2001	1.61	4.89	2.47	1.74	1.09	1.27	4.82	1.69	1.05
Small-/Mid-Cap Growth:
Vanguard VIF Small Company Growth Portfolio Opens a PDF	5/08/2001	-0.38	11.03	-3.28	5.83	8.40	8.45	16.56	7.86	8.63
Small-Cap Blend:
PSF Small-Cap Stock Index PortfolioOpens a PDF	5/08/2001	-3.37	12.25	-0.64	6.75	8.19	8.87	15.65	8.81	8.51
Small-Cap Growth:
AST Small-Cap Growth PortfolioOpens a PDF	5/08/2001	3.30	15.71	-5.51	7.12	9.54	6.96	23.12	9.42	9.52
Small-Cap Value:
AST Small-Cap Value PortfolioOpens a PDF	5/08/2001	-1.72	14.62	1.10	6.04	6.22	7.26	18.23	8.16	6.51
Specialty:
AST Cohen & Steers Realty Portfolio Opens a PDF	5/08/2001	-7.98	-0.32	-2.40	3.59	6.05	7.69	9.21	5.39	7.25
PSF Natural Resources Portfolio Opens a PDF	5/08/2001	8.32	10.49	13.87	12.98	1.20	8.42	13.01	13.45	1.71
Vanguard VIF Real Estate Index Opens a PDF	5/08/2001	-9.09	-0.49	-3.66	1.88	4.93	8.40	8.41	3.56	6.15

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 contract 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 contract's insurance protection.

The yield quotation of the “7-Day Current Net Yield” more closely reflects the current earnings of the fund than the total return quotation.

The table above shows the historical performance of the select Sub-accounts of the Separate account available under this Contract. The performance in this table assumes that the subaccount was available from inception of the separate account that supports your variable life Contract, 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 PRIVATE OFFERING MEMORANDUM and PRODUCT MATERIALS (product brochure or illustration).

Investing in a particular sector increases vulnerability to any single economic, political, or regulatory developments. Small cap stocks may be subject to more erratic 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.

Investors should consider the contract's private offering memorandum and the underlying portfolios' investment objectives, risks, charges and expenses carefully before investing. The contract's private offering memorandum and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses as well as other important information. This and other important information may be found in the private offering memorandum for the contract and in the prospectus or private offering memorandum for each underlying investment option. A copy of the prospectus can be obtained from the Pruco Private Placement Variable Universal Life Service Team at (800) 656-6960. You should read the prospectuses and private offering memorandum carefully before investing.

An investment in the Advanced Series Trust (AST) Government Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although Money Market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Portfolio.

The Prudential Series Fund (PSF) and Advanced Series Trust (AST) 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.

Like most variable life insurance policies, PruLife^® Private Placement VUL contains exclusions, limitations, reductions of benefits, and terms for keeping them in force. For cost and complete details for coverage, refer to the private offering memorandum.

PruLife^® Private Placement VUL is a private placement variable life policy issued by Pruco Life Insurance Company, 213 Washington Street, Newark, NJ 07102, and distributed by Pruco Securities, LLC, 751 Broad Street, Newark, NJ 07102. Both are Prudential Financial, Inc. companies. Prudential Investments, Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

The policy form numbers for policies purchased on or before December 31, 2019 are PPVULD-2015 or ICC15 PPVULD-2015 and may be followed by a state and/or other codes.

†This document is in Adobe Acrobat format and requires the Adobe Acrobat Reader 3.0 (or later) plug-in for viewing.opens in a new windowObtain the plug-inopens in a new window and instructions for installation free of charge.

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

PruLife® Private Placement VUL offers underlying investment options that invest in funds offered through the Advanced Series Trust. These underlying investment options have the prefix "AST". The AST underlying investment options are also available in variable annuity contracts we offer. Some of these variable annuity contracts offer optional living benefits that utilize a predetermined mathematical formula (the "formula") to manage the guarantees offered in connection with those optional benefits. You should be aware that the operation of the formula in those variable annuity contracts may result in large-scale asset flows into and out of the underlying funds through a series of transfers. In addition to increasing the funds' expenses, the asset flows may adversely affect performance by (i) requiring the funds to purchase or sell securities at inopportune times; (ii) otherwise limiting the sub-advisor's ability to fully implement the funds' investment strategies; or (iii) requiring the funds to hold a larger portion of their assets in highly liquid securities than they otherwise would hold.

Before investors allocate to these underlying investment options, you should consider the impact the formula will have on each fund's risk profile, expenses, and performance. Please see the prospectus for more information and work with your financial professional to determine which funds are appropriate for your needs.

For Compliance use Only1005377-00017-00 Ed.04/2024