Discontinued — last reported Q4 '25
Prudential Financial Retirement Strategies — Variable Expenses decreased by 2.2% to $401.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 9.9%, from $445.00M to $401.00M. Over 2 years (FY 2023 to FY 2025), Retirement Strategies — Variable Expenses shows an upward trend with a 7.4% CAGR.
Higher variable expenses often correlate with higher sales volume, but excessive growth relative to revenue may indicate declining margins.
Costs within the retirement segment that fluctuate directly in proportion to the volume of business activity, such as sa...
Similar to variable acquisition or distribution costs at peer insurance firms.
pru_segment_retirement_strategies_variable_expenses| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $354.50M | $354.50M | $354.50M | $354.50M | $424.00M | $448.00M | $442.00M | $445.00M | $429.00M | $395.00M | $410.00M | $401.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +19.6% | +5.7% | -1.3% | +0.7% | -3.6% | -7.9% | +3.8% | -2.2% |
| YoY Change | — | — | — | — | +19.6% | +26.4% | +24.7% | +25.5% | +1.2% | -11.8% | -7.2% | -9.9% |