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Prudential Financial PRU Variable Annuity — Effect of assumption update and other refinements

Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$15.5B+15.3%
Net income$597.0M-15.6%
EPS (diluted)$1.68-14.3%

Balance sheet

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Cash & equivalents$15.9B-0.8%
Total debt$18.9B-3.4%
Total equity$32.0B+7.0%
Total assets$765.40B+3.5%

Cash flow

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Operating cash flow$1.0B+140%

Valuation

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Market cap$37B-14.2%
Enterprise value$39.95B-14.2%
P/E10.7×-7.6×
P/S0.6×-0.1×

Profitability

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Net margin5.5%+1.6pp

Returns & leverage

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Return on equity11.2%+3.0pp
Debt / equity0.6×-0.1×

Where this comes from

Reported directly by Prudential Financial in its filing.

Tagged under the XBRL concept us-gaap:MarketRiskBenefitIncreaseDecreaseFromOtherAssumption.

The official record: Prudential Financial’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Prudential Financial's variable annuity — effect of assumption update and other refinements?
Prudential Financial (PRU) reported variable annuity — effect of assumption update and other refinements of $28M in Q4 2025.
How has Prudential Financial's variable annuity — effect of assumption update and other refinements changed year-over-year?
Prudential Financial's variable annuity — effect of assumption update and other refinements increased by 27.3% year-over-year, from $22M to $28M.
What is the long-term trend for Prudential Financial's variable annuity — effect of assumption update and other refinements?
Over 2 years (2023 to 2025), Prudential Financial's variable annuity — effect of assumption update and other refinements has grown at a -36.3% compound annual growth rate (CAGR), from $276M to $112M.
What does variable annuity — effect of assumption update and other refinements mean?
The financial impact of changing the assumptions used to calculate future annuity liabilities.
How do you interpret variable annuity — effect of assumption update and other refinements?
Positive values indicate that updated assumptions have reduced the required liability, while negative values indicate an increase in required reserves.
How does variable annuity — effect of assumption update and other refinements compare across companies?
Comparable to 'assumption update' or 'model refinement' impacts reported in annual actuarial reviews by peer insurers.