Discontinued — last reported Q4 '22
Products & Services · Incurred guarantee benefits
Variable Annuity — Incurred guarantee benefits
Prudential Financial Variable Annuity — Incurred guarantee benefits remained flat by 0.0% to -$1.33B in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from -$1.41B to -$1.33B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ4 2022
How to read this metric
Lower incurred benefits relative to fees collected indicate higher profitability for the annuity segment.
Detailed definition
This metric captures the actual costs incurred during the period related to providing guaranteed benefits on annuity con...
Peer comparison
Commonly reported as 'Benefit Expense' or 'Change in Guarantee Liability' in insurance earnings reports.
Metric ID:
pru_segment_variable_annuity_incurred_guarantee_benefitsHistorical Data
2 years
| FY'21 | FY'22 | |
|---|---|---|
| Value | -$5.64B | -$5.33B |
| YoY Change | — | +5.4% |
Range-$5.64B – -$5.33B
Avg YoY Growth+5.4%
Median YoY Growth+5.4%
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Frequently Asked Questions
- What is Prudential Financial's variable annuity — incurred guarantee benefits?
- Prudential Financial (PRU) reported variable annuity — incurred guarantee benefits of -$1.33B in Q4 2022.
- How has Prudential Financial's variable annuity — incurred guarantee benefits changed year-over-year?
- Prudential Financial's variable annuity — incurred guarantee benefits increased by 5.4% year-over-year, from -$1.41B to -$1.33B.
- What does variable annuity — incurred guarantee benefits mean?
- The total expense recognized during the period for fulfilling guaranteed annuity benefit promises.