Other
Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
PNC Financial Services Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate increased by 0.1% to 203300.0% in Q4 2023 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ4 2023Feb 20, 2026
How to read this metric
A delay in reaching the ultimate trend rate suggests prolonged exposure to higher medical inflation, increasing long-term liability estimates.
Detailed definition
The specific year in which the assumed health care cost trend rate is expected to reach its ultimate, long-term stable l...
Peer comparison
Standard actuarial disclosure for companies providing post-retirement health benefits.
Metric ID:
other_defined_benefit_plan_year_health_care_cost_trend_r_594ea1Historical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 202,900% | 203,000% | 203,300% |
| QoQ Change | — | +0.0% | +0.1% |
| YoY Change | — | +0.0% | +0.1% |
Range202,900% – 203,300%
Avg YoY Growth+0.1%
Median YoY Growth+0.1%
Current Streak2+ quarters growth
Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's defined benefit plan year health care cost trend rate reaches ultimate trend rate?
- PNC Financial Services (PNC) reported defined benefit plan year health care cost trend rate reaches ultimate trend rate of 203300.0% in Q4 2023.
- What does defined benefit plan year health care cost trend rate reaches ultimate trend rate mean?
- The year when health care cost inflation is expected to level off to a permanent rate.