Prudential Financial Variable Annuity — Total MRB liabilities increased by 13.4% 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), Variable Annuity — Total MRB liabilities shows a downward trend with a -17.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A lower liability is generally better, as it indicates reduced future financial obligations for the company.
This metric represents the total gross liability recognized for Market Risk Benefits, reflecting the present value of fu...
Comparable to 'Total MRB Liabilities' or 'Guarantee Reserve' at other life insurance companies.
pru_segment_variable_annuity_total_mrb_liabilities| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.18B | $8.08B | $7.29B | $6.49B | $5.86B | $6.10B | $5.46B | $4.66B | $5.47B | $5.39B | $4.62B | $4.59B | $5.18B | $4.46B | $4.41B | $5.02B | $4.86B | $4.77B | $4.62B | $4.41B | $5.00B |
| QoQ Change | — | -20.6% | -9.7% | -11.0% | -9.6% | +4.0% | -10.4% | -14.7% | +17.3% | -1.4% | -14.2% | -0.7% | +12.8% | -14.0% | -1.1% | +14.0% | -3.2% | -1.8% | -3.1% | -4.6% | +13.4% |
| YoY Change | — | — | — | — | -42.4% | -24.5% | -25.1% | -28.2% | -6.8% | -8.1% | -24.1% | -15.9% | +11.1% | -18.5% | -19.4% | +8.6% | +5.8% | -7.9% | +3.8% | -1.0% | -0.4% |