What does individual fixed — total MRB liabilities mean?

This metric measures the total actuarial liability associated with market risk benefits provided to policyholders in the Individual Fixed segment. It reflects the present value of expected future payments for guarantees that fluctuate based on market performance. This is a primary driver of earnings volatility for insurance companies with significant annuity exposure.

Prudential Financial PRU Individual Fixed — Total MRB liabilities

Similar metrics at other companies

LNCFixed Annuities — Less: Ceded MRB assets (liabilities)

$0—

METGroup Benefits — MRB (Assets) Liabilities (1)

$0—

METCorporate And Other — MRB (Assets) Liabilities (1)

$1.79B-13.7%

LNCIncrease (decrease) in MRBs

-$997M+23.4%

EQHPurchased MRB — Net amount at risk

$6.9B-8.5%

EQHPurchased MRB — Market Risk Benefit, Increase (Decrease) from Future Expected Policyholder Behavior Assumption

$55M-97.0%

Other financials

Income statement

See full

Revenue$15.5B+15.3%

Net income$597.0M-15.6%

EPS (diluted)$1.68-14.3%

Balance sheet

See full

Cash & equivalents$15.9B-0.8%

Total debt$18.9B-3.4%

Total equity$32.0B+7.0%

Total assets$765.40B+3.5%

Cash flow

See full

Operating cash flow$1.0B+140%

Valuation

See full

Market cap$37.6B-0.1%

Enterprise value$40.54B+2.3%

P/E10.9×-11.4×

P/S0.6×0.0×

Profitability

See full

Net margin5.5%+1.6pp

Returns & leverage

See full

Return on equity11.2%+3.0pp

Debt / equity0.6×-0.1×

Where this comes from

Reported directly by Prudential Financial in its filing.

Tagged under the XBRL concept us-gaap:MarketRiskBenefitLiabilityAmount.

The official record: Prudential Financial’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Prudential Financial's individual fixed — total MRB liabilities?: Prudential Financial (PRU) reported individual fixed — total MRB liabilities of $179M in Q4 2025.
What does individual fixed — total MRB liabilities mean?: This metric measures the total actuarial liability associated with market risk benefits provided to policyholders in the Individual Fixed segment. It reflects the present value of expected future payments for guarantees that fluctuate based on market performance. This is a primary driver of earnings volatility for insurance companies with significant annuity exposure.