Prudential Financial International Insurance — Interest credited to policyholders’ account balances increased by 5.8% to $239.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 32.8%, from $180.00M to $239.00M.
An increase may reflect higher interest rate environments or growth in interest-sensitive product liabilities, impacting the net spread.
This metric reflects the interest expense credited to the account balances of policyholders for products like universal...
Similar to interest credited to policyholder accounts in annuity and life insurance segments of peer companies.
pru_segment_international_insurance_interest_credited_to_policyholders_account_balances| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $199.75M | $199.75M | $199.75M | $190.00M | $175.00M | $180.00M | $196.00M | $215.00M | $226.00M | $239.00M |
| QoQ Change | — | +0.0% | +0.0% | -4.9% | -7.9% | +2.9% | +8.9% | +9.7% | +5.1% | +5.8% |
| YoY Change | — | — | — | — | -12.4% | -9.9% | -1.9% | +13.2% | +29.1% | +32.8% |