Discontinued — last reported Q1 '26
Individual Variable — Market risk benefit liabilities
Prudential Financial Individual Variable — Market risk benefit liabilities 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), Individual Variable — Market risk benefit liabilities 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 suggests higher potential payout obligations, often driven by market volatility or changes in interest rates.
Detailed definition
This represents the fair value of the obligations the company has to policyholders for market-linked guarantees. It refl...
Peer comparison
Standard liability metric for variable annuity providers; peers report this under fair value accounting for insurance contracts.
pru_segment_individual_variable_market_risk_benefit_liabilitiesHistorical Data
| Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q4 '23 | Q4 '23 | Q1 '24 | Q1 '24 | Q2 '24 | Q2 '24 | Q3 '24 | Q3 '24 | Q4 '24 | Q4 '24 | Q1 '25 | Q1 '25 | Q2 '25 | Q2 '25 | Q3 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.18B | $9.99B | $8.08B | $7.91B | $7.29B | $7.15B | $6.49B | $6.36B | $5.86B | $5.75B | $6.10B | $5.98B | $5.46B | $5.36B | $4.66B | $4.57B | $5.47B | $5.39B | $4.62B | $4.55B | $4.59B | $4.53B | $5.18B | $5.11B | $4.46B | $4.41B | $5.02B | $4.98B | $4.86B | $4.65B | $4.77B | $4.53B | $4.62B | $5.00B |
| QoQ Change | — | -1.8% | -19.1% | -2.0% | -7.8% | -2.0% | -9.2% | -2.0% | -7.7% | -1.9% | +6.0% | -1.9% | -8.6% | -2.0% | -13.0% | -2.0% | +19.7% | -1.4% | -14.2% | -1.5% | +0.8% | -1.3% | +14.2% | -1.3% | -12.9% | -1.1% | +14.0% | -0.9% | -2.3% | -4.2% | +2.5% | -5.0% | +2.0% | +8.2% |
| YoY Change | — | — | — | — | — | — | — | — | -42.4% | -43.5% | -24.5% | -26.0% | -25.1% | -26.6% | -28.2% | -29.6% | -6.8% | -8.1% | -24.1% | -25.3% | -15.9% | -17.0% | +11.1% | +9.7% | -18.5% | -19.4% | +8.6% | +7.6% | +5.8% | +1.4% | -7.9% | -12.4% | +3.8% | -0.4% |
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Frequently Asked Questions
- What is Prudential Financial's individual variable — market risk benefit liabilities?
- Prudential Financial (PRU) reported individual variable — market risk benefit liabilities of $5.00B in Q1 2026.
- How has Prudential Financial's individual variable — market risk benefit liabilities changed year-over-year?
- Prudential Financial's individual variable — market risk benefit liabilities decreased by 0.4% year-over-year, from $5.02B to $5.00B.
- What is the long-term trend for Prudential Financial's individual variable — market risk benefit liabilities?
- Over 4 years (2021 to 2025), Prudential Financial's individual variable — market risk benefit liabilities has grown at a -17.9% compound annual growth rate (CAGR), from $10.18B to $4.62B.
- What does individual variable — market risk benefit liabilities mean?
- The estimated cost of the guarantees the company owes to policyholders based on market performance.