Prudential Financial Individual Variable — Market risk benefit assets increased by 2.8% to $2.25B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $2.12B to $2.25B. Over 2 years (FY 2022 to FY 2024), Individual Variable — Market risk benefit assets shows an upward trend with a 63.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in these assets should ideally track with the growth in market risk benefit liabilities to maintain a hedged position.
These are assets held to hedge or offset the liabilities associated with market risk benefits, such as guaranteed minimu...
Common for insurers offering variable annuities with living benefits; peers report these as part of derivative or hedging programs.
pru_segment_individual_variable_market_risk_benefit_assets| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $927.00M | $905.00M | $856.00M | $794.00M | $787.00M | $962.00M | $1.94B | $2.19B | $1.97B | $2.21B | $2.22B | $2.12B | $2.32B | $2.14B | $2.19B | $2.25B |
| QoQ Change | — | -2.4% | -5.4% | -7.2% | -0.9% | +22.2% | +101.4% | +12.9% | -10.1% | +12.5% | +0.4% | -4.5% | +9.3% | -7.9% | +2.2% | +2.8% |
| YoY Change | — | — | — | — | -15.1% | +6.3% | +126.3% | +175.4% | +149.9% | +129.9% | +14.7% | -3.0% | +17.9% | -3.4% | -1.6% | +5.8% |