Prudential Financial Variable Universal Life — Amortization expense increased by 29.2% to -$46.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 28.1%, from -$64.00M to -$46.00M. Over 4 years (FY 2021 to FY 2025), Variable Universal Life — Amortization expense shows a downward trend with a 11.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase reflects the ongoing recognition of revenue from the existing book of business, contributing to current period earnings.
This represents the periodic expense recognized as the unearned revenue reserve for variable universal life policies is...
Comparable to amortization of deferred revenue or DAC amortization at other insurance firms.
pru_segment_variable_universal_life_amortization_expense| Q2 '21 | Q3 '21 | 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 | -$41.75M | -$41.75M | -$41.75M | -$47.25M | -$47.25M | -$47.25M | -$47.25M | -$47.00M | -$53.00M | -$54.00M | -$57.00M | -$58.00M | -$60.00M | -$61.00M | -$61.00M | -$64.00M | -$62.00M | -$64.00M | -$65.00M | -$46.00M |
| QoQ Change | — | +0.0% | +0.0% | -13.2% | +0.0% | +0.0% | +0.0% | +0.5% | -12.8% | -1.9% | -5.6% | -1.8% | -3.4% | -1.7% | +0.0% | -4.9% | +3.1% | -3.2% | -1.6% | +29.2% |
| YoY Change | — | — | — | — | -13.2% | -13.2% | -13.2% | +0.5% | -12.2% | -14.3% | -20.6% | -23.4% | -13.2% | -13.0% | -7.0% | -10.3% | -3.3% | -4.9% | -6.6% | +28.1% |