Individual Variable — Market risk benefit liabilities
Prudential Financial Individual Variable — Market risk benefit liabilities decreased by 2.6% to $4.53B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 11.3%, from $5.11B to $4.53B. Over 2 years (FY 2022 to FY 2024), Individual Variable — Market risk benefit liabilities shows a downward trend with a -17.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher potential payout obligations, often driven by market volatility or changes in interest rates.
Detailed definition
This represents the fair value of the obligations the company has to policyholders for market-linked guarantees. It refl...
Peer comparison
Standard liability metric for variable annuity providers; peers report this under fair value accounting for insurance contracts.
pru_segment_individual_variable_market_risk_benefit_liabilitiesHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.99B | $7.91B | $7.15B | $6.36B | $5.75B | $5.98B | $5.36B | $4.57B | $5.39B | $4.55B | $4.53B | $5.11B | $4.41B | $4.98B | $4.65B | $4.53B |
| QoQ Change | — | -20.8% | -9.7% | -11.1% | -9.5% | +4.0% | -10.4% | -14.7% | +18.0% | -15.5% | -0.5% | +12.8% | -13.8% | +12.9% | -6.5% | -2.6% |
| YoY Change | — | — | — | — | -42.4% | -24.5% | -25.1% | -28.1% | -6.3% | -23.8% | -15.4% | +11.9% | -18.2% | +9.2% | +2.7% | -11.3% |
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Frequently Asked Questions
- What is Prudential Financial's individual variable — market risk benefit liabilities?
- Prudential Financial (PRU) reported individual variable — market risk benefit liabilities of $4.53B in Q3 2025.
- How has Prudential Financial's individual variable — market risk benefit liabilities changed year-over-year?
- Prudential Financial's individual variable — market risk benefit liabilities decreased by 11.3% year-over-year, from $5.11B to $4.53B.
- What is the long-term trend for Prudential Financial's individual variable — market risk benefit liabilities?
- Over 2 years (2022 to 2024), Prudential Financial's individual variable — market risk benefit liabilities has grown at a -17.2% compound annual growth rate (CAGR), from $27.17B to $18.61B.
- What does individual variable — market risk benefit liabilities mean?
- The estimated cost of the guarantees the company owes to policyholders based on market performance.