Prudential Financial Total — Separate account liabilities decreased by 3.6% to $193.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.6%, from $191.87B to $193.05B. Over 3 years (FY 2022 to FY 2025), Total — Separate account liabilities shows relatively stable performance with a -3.1% CAGR.
Growth in these liabilities generally reflects increased sales of investment-linked products and market appreciation of the underlying assets.
Liabilities associated with investment products where the policyholder bears the investment risk, such as variable annui...
Standard metric for life insurers offering variable annuities and retirement products.
pru_segment_total_separate_account_liabilities| 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $281.52B | $263.01B | $208.73B | $198.01B | $201.32B | $205.94B | $203.75B | $193.58B | $202.03B | $203.25B | $200.20B | $204.11B | $196.94B | $191.87B | $198.53B | $202.47B | $200.30B | $193.05B |
| QoQ Change | — | -6.6% | -20.6% | -5.1% | +1.7% | +2.3% | -1.1% | -5.0% | +4.4% | +0.6% | -1.5% | +2.0% | -3.5% | -2.6% | +3.5% | +2.0% | -1.1% | -3.6% |
| YoY Change | — | — | — | — | -28.5% | -21.7% | -2.4% | -2.2% | +0.4% | -1.3% | -1.7% | +5.4% | -2.5% | -5.6% | -0.8% | -0.8% | +1.7% | +0.6% |