Market risk benefits
Prudential Financial Market risk benefits increased by 8.2% to $5.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.4%, from $5.02B to $5.00B. Over 4 years (FY 2021 to FY 2025), Market risk benefits shows a downward trend with a -17.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase indicates higher exposure to market volatility and potential future payouts, often driven by declining market conditions.
Detailed definition
This liability represents the fair value of market risk benefits associated with certain insurance contracts, such as va...
Peer comparison
Common among insurers with significant variable annuity or investment-linked product portfolios.
non_current_liabilities_market_risk_benefit_liability_amountHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.18B | $8.08B | $7.29B | $6.49B | $5.86B | $6.10B | $5.46B | $4.66B | $5.47B | $4.62B | $4.59B | $5.18B | $4.46B | $5.02B | $4.86B | $4.77B | $4.62B | $5.00B |
| QoQ Change | — | -20.6% | -9.7% | -11.0% | -9.6% | +4.0% | -10.4% | -14.7% | +17.3% | -15.4% | -0.7% | +12.8% | -14.0% | +12.7% | -3.2% | -1.8% | -3.1% | +8.2% |
| YoY Change | — | — | — | — | -42.4% | -24.5% | -25.1% | -28.2% | -6.8% | -24.1% | -15.9% | +11.1% | -18.5% | +8.6% | +5.8% | -7.9% | +3.8% | -0.4% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Individual Fixed | — | — | — | — | — | — | — | $5.00B |
| Individual Variable | $4.59B | $5.18B | $4.46B | $5.02B | $4.86B | $4.77B | $4.62B | $5.00B |
| Other Businesses | — | — | — | — | $4.86B | $4.77B | $4.62B | $5.00B |
| Variable Annuity | — | — | — | — | — | — | — | $5.00B |
| Total | $4.59B | $5.18B | $4.46B | $5.02B | $4.86B | $4.77B | $4.62B | $5.00B |
Individual Variable was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|
| Other businesses | $4.86B | $4.77B | $5.00B |
| Retirement | — | — | $5.00B |
| Total | $4.86B | $4.77B | $5.00B |
Market risk benefits at Other Companies
Frequently Asked Questions
- What is Prudential Financial's market risk benefits?
- Prudential Financial (PRU) reported market risk benefits of $5.00B in Q1 2026.
- How has Prudential Financial's market risk benefits changed year-over-year?
- Prudential Financial's market risk benefits decreased by 0.4% year-over-year, from $5.02B to $5.00B.
- What is the long-term trend for Prudential Financial's market risk benefits?
- Over 4 years (2021 to 2025), Prudential Financial's market risk benefits has grown at a -17.9% compound annual growth rate (CAGR), from $10.18B to $4.62B.
- What does market risk benefits mean?
- The liability for guarantees provided to policyholders that are tied to financial market performance.