Business Segments · Amortization of deferred policy acquisition costs
International Insurance — Amortization of deferred policy acquisition costs
Prudential Financial International Insurance — Amortization of deferred policy acquisition costs decreased by 1.9% to $156.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.0%, from $150.00M to $156.00M.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
How to read this metric
An increase often follows periods of high sales growth, while a decrease may indicate a slowdown in new business acquisition.
Detailed definition
This represents the periodic expense recognized for the amortization of costs incurred to acquire new insurance policies...
Peer comparison
Comparable to DAC amortization reported by any insurance company using GAAP accounting standards.
Metric ID:
pru_segment_international_insurance_amortization_of_deferred_policy_acquisition_costsHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $287.00M | $287.00M | $287.00M | $155.00M | $150.00M | $150.00M | $821.00M | $151.00M | $159.00M | $156.00M |
| QoQ Change | — | +0.0% | +0.0% | -46.0% | -3.2% | +0.0% | +447.3% | -81.6% | +5.3% | -1.9% |
| YoY Change | — | — | — | — | -47.7% | -47.7% | +186.1% | -2.6% | +6.0% | +4.0% |
Range$150.00M – $821.00M
CAGR-23.7%
Avg YoY Growth+16.3%
Median YoY Growth+0.7%
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Frequently Asked Questions
- What is Prudential Financial's international insurance — amortization of deferred policy acquisition costs?
- Prudential Financial (PRU) reported international insurance — amortization of deferred policy acquisition costs of $156.00M in Q3 2023.
- How has Prudential Financial's international insurance — amortization of deferred policy acquisition costs changed year-over-year?
- Prudential Financial's international insurance — amortization of deferred policy acquisition costs increased by 4.0% year-over-year, from $150.00M to $156.00M.
- What does international insurance — amortization of deferred policy acquisition costs mean?
- The annual expense of spreading out the initial costs of acquiring new insurance policies.