Discontinued — last reported Q4 '23
Products & Services · Effect of assumption update
Gibraltar Life and Other — Effect of assumption update
Prudential Financial Gibraltar Life and Other — Effect of assumption update decreased by 205.7% to -$535.00M in Q4 2023 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalHigher is better
VolatilityVolatile
First reportedQ4 2020
Last reportedQ4 2023
How to read this metric
A negative impact indicates that updated assumptions have increased the estimated liability, potentially reducing future earnings.
Detailed definition
This metric quantifies the financial impact of revising actuarial assumptions, such as mortality, morbidity, or lapse ra...
Peer comparison
Comparable to 'Assumption Update Impact' or 'Actuarial Assumption Change' found in the reconciliation of insurance contract liabilities at peer insurers.
Metric ID:
pru_segment_gibraltar_life_and_other_effect_of_assumption_updateHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | -$176.00M | -$175.00M | -$535.00M |
| QoQ Change | — | +0.6% | -205.7% |
| YoY Change | — | +0.6% | -205.7% |
Range-$535.00M – -$175.00M
Avg YoY Growth-102.6%
Median YoY Growth-102.6%
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Frequently Asked Questions
- What is Prudential Financial's gibraltar life and other — effect of assumption update?
- Prudential Financial (PRU) reported gibraltar life and other — effect of assumption update of -$535.00M in Q4 2023.
- What does gibraltar life and other — effect of assumption update mean?
- The financial impact resulting from changes to the actuarial assumptions used to value insurance liabilities.