What is Prudential Financial's full service — weighted-average crediting rate?

Prudential Financial (PRU) reported full service — weighted-average crediting rate of 2.9% in Q1 2022.

What does full service — weighted-average crediting rate mean?

The average interest rate paid to policyholders on their account balances.

Discontinued — last reported Q1 '22

Prudential Financial Full Service — Weighted-average crediting rate increased by 18.7% to 2.9% in Q1 2022 compared to the prior quarter.

StatementSegment

CategoryProfitability

SignalContext dependent

VolatilityModerate

First reportedQ4 2021

Last reportedQ1 2022

A higher rate may attract more deposits but compresses margins, while a lower rate improves margins but may lead to higher surrender rates.

This metric represents the average interest rate credited to policyholder account balances, weighted by the size of each...

Commonly referred to as 'Crediting Rate' or 'Cost of Funds' in annuity and life insurance segments.

Metric ID: pru_segment_full_service_weighted_average_crediting_rate

2 periods

	Q4 '21	Q1 '22
Value	2.5%	2.9%
QoQ Change	—	+18.7%

Range2.5% – 2.9%

What is Prudential Financial's full service — weighted-average crediting rate?: Prudential Financial (PRU) reported full service — weighted-average crediting rate of 2.9% in Q1 2022.
What does full service — weighted-average crediting rate mean?: The average interest rate paid to policyholders on their account balances.