Other
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate
PNC Financial Services Defined Benefit Plan, Ultimate Health Care Cost Trend Rate remained flat by 0.0% to 4.5% in Q4 2023 compared to the prior quarter. Over 3 years (FY 2020 to FY 2023), Defined Benefit Plan, Ultimate Health Care Cost Trend Rate shows a downward trend with a -3.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryOther
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ4 2023Feb 20, 2026
How to read this metric
An increase in the rate typically leads to higher projected benefit liabilities, while a decrease reduces them.
Detailed definition
This represents the long-term assumption for the ultimate rate of increase in health care costs for the bank's defined b...
Peer comparison
Actuarial assumption that varies based on long-term inflation and health care cost expectations.
Metric ID:
other_defined_benefit_plan_ultimate_health_care_cost_tre_3a0bfbHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 4.5% | 4.5% | 4.5% |
| QoQ Change | — | +0.0% | +0.0% |
| YoY Change | — | +0.0% | +0.0% |
Range4.5% – 4.5%
Avg YoY Growth+0.0%
Median YoY Growth+0.0%
Current Streak2+ quarters growth
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's defined benefit plan, ultimate health care cost trend rate?
- PNC Financial Services (PNC) reported defined benefit plan, ultimate health care cost trend rate of 4.5% in Q4 2023.
- What is the long-term trend for PNC Financial Services's defined benefit plan, ultimate health care cost trend rate?
- Over 3 years (2020 to 2023), PNC Financial Services's defined benefit plan, ultimate health care cost trend rate has grown at a -3.5% compound annual growth rate (CAGR), from 5.0% to 4.5%.
- What does defined benefit plan, ultimate health care cost trend rate mean?
- The long-term expected rate of increase for health care costs in the bank's benefit plans.