Other
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate
PNC Financial Services Defined Benefit Plan, Ultimate Health Care Cost Trend Rate remained flat by 0.0% to 4.5% in Q4 2023 compared to the prior quarter. Over 3 years (FY 2020 to FY 2023), Defined Benefit Plan, Ultimate Health Care Cost Trend Rate shows a downward trend with a -3.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ4 2023Feb 20, 2026
How to read this metric
A higher ultimate rate suggests higher long-term liabilities and potentially higher future benefit costs.
Detailed definition
This represents the long-term, stable rate at which health care costs are expected to increase after the initial trend p...
Peer comparison
Standard actuarial assumption; peers typically align this with long-term medical inflation expectations.
Metric ID:
other_defined_benefit_plan_ultimate_health_care_cost_tre_3a0bfbHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 4.5% | 4.5% | 4.5% |
| QoQ Change | — | +0.0% | +0.0% |
| YoY Change | — | +0.0% | +0.0% |
Range4.5% – 4.5%
Avg YoY Growth+0.0%
Median YoY Growth+0.0%
Current Streak2+ quarters growth
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's defined benefit plan, ultimate health care cost trend rate?
- PNC Financial Services (PNC) reported defined benefit plan, ultimate health care cost trend rate of 4.5% in Q4 2023.
- What is the long-term trend for PNC Financial Services's defined benefit plan, ultimate health care cost trend rate?
- Over 3 years (2020 to 2023), PNC Financial Services's defined benefit plan, ultimate health care cost trend rate has grown at a -3.5% compound annual growth rate (CAGR), from 5.0% to 4.5%.
- What does defined benefit plan, ultimate health care cost trend rate mean?
- The long-term expected annual growth rate for health care costs used in pension accounting.