What is Prudential Financial's variable annuity — net amount at risk?

Prudential Financial (PRU) reported variable annuity — net amount at risk of $8.08B in Q4 2025.

How has Prudential Financial's variable annuity — net amount at risk changed year-over-year?

Prudential Financial's variable annuity — net amount at risk decreased by 13.0% year-over-year, from $9.29B to $8.08B.

What does variable annuity — net amount at risk mean?

The difference between the guaranteed benefit amount and the current market value of the annuity accounts.

Discontinued — last reported Q4 '25

Products & Services · Net amount at risk

Variable Annuity — Net amount at risk

Prudential Financial Variable Annuity — Net amount at risk increased by 1.0% to $8.08B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 13.0%, from $9.29B to $8.08B. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ4 2023

Last reportedQ4 2025

Rolls up toNet amount at risk

How to read this metric

A higher net amount at risk indicates increased potential liability if market conditions deteriorate.

Detailed definition

The net amount at risk represents the excess of the guaranteed benefit amount over the current account value for variabl...

Peer comparison

Standard industry metric known as 'Net Amount at Risk' (NAR) used by all major life insurance companies with variable annuity products.

Metric ID: pru_segment_variable_annuity_net_amount_at_risk

Historical Data

7 periods

	Q4 '23	Q2 '24	Q3 '24	Q4 '24	Q2 '25	Q3 '25	Q4 '25
Value	$9.75B	$9.36B	$7.88B	$9.29B	$8.74B	$8.00B	$8.08B
QoQ Change	—	-4.1%	-15.8%	+17.9%	-5.9%	-8.5%	+1.0%
YoY Change	—	—	—	-4.8%	-6.6%	+1.5%	-13.0%

Range$7.88B – $9.75B

CAGR-11.8%

Avg YoY Growth-5.7%

Median YoY Growth-5.7%

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Frequently Asked Questions

What is Prudential Financial's variable annuity — net amount at risk?: Prudential Financial (PRU) reported variable annuity — net amount at risk of $8.08B in Q4 2025.
How has Prudential Financial's variable annuity — net amount at risk changed year-over-year?: Prudential Financial's variable annuity — net amount at risk decreased by 13.0% year-over-year, from $9.29B to $8.08B.
What does variable annuity — net amount at risk mean?: The difference between the guaranteed benefit amount and the current market value of the annuity accounts.