What does variable universal life — FX adjustment mean?

This captures the impact of foreign currency exchange rate fluctuations on the valuation of unearned revenue reserves for variable universal life policies denominated in non-functional currencies. It ensures the liability is accurately reflected in the reporting currency.

Prudential Financial PRU Variable Universal Life — FX adjustment

Similar metrics at other companies

METUniversal and Variable Universal Life — Effect of foreign currency translation and other, net

-$4M-122%

METUniversal And Variable Life Contracts — Effect of foreign currency translation and other, net

-$173M-125%

AMPVariable Universal Life Insurance — Variable account index-linked adjustments

$0—

METVariable Life — Effect of foreign currency translation and other, net

-$15M-126%

GLUnited American — Foreign exchange adjustment

$0—

FNFUniversal Life — Change in fair value of other derivatives and embedded derivatives

$92M+220%

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$37.6B-0.1%

Enterprise value$40.54B+2.3%

P/E10.9×-11.4×

P/S0.6×0.0×

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 pru:PolicyholderAccountBalanceUnearnedRevenueReserveForeignCurrencyAdjustment.

The official record: Prudential Financial’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Prudential Financial's variable universal life — FX adjustment?: Prudential Financial (PRU) reported variable universal life — FX adjustment of $0 in Q1 2026.
What does variable universal life — FX adjustment mean?: This captures the impact of foreign currency exchange rate fluctuations on the valuation of unearned revenue reserves for variable universal life policies denominated in non-functional currencies. It ensures the liability is accurately reflected in the reporting currency.