Cost of Revenue
Medical costs
Prudential Financial Medical costs increased by 8.7% to $9.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.1%, from $8.14B to $9.53B. Over 4 years (FY 2021 to FY 2025), Medical costs shows relatively stable performance with a -1.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
A lower ratio of medical costs to premiums (Medical Loss Ratio) generally indicates better underwriting profitability.
Detailed definition
Expenses related to the provision of healthcare services and the settlement of medical claims for insurance policyholder...
Peer comparison
Specific to health insurance providers; not applicable to traditional banking institutions.
Metric ID:
unh_medical_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | 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 | $7.62B | $14.40B | $7.87B | $8.78B | $7.96B | $16.15B | $7.93B | $10.30B | $7.66B | $5.16B | $7.80B | $16.59B | $8.86B | $14.03B | $7.63B | $8.14B | $8.18B | $10.13B | $8.77B | $9.53B |
| QoQ Change | — | +89.1% | -45.4% | +11.6% | -9.3% | +103.0% | -50.9% | +29.9% | -25.7% | -32.6% | +51.1% | +112.7% | -46.6% | +58.2% | -45.6% | +6.6% | +0.5% | +23.8% | -13.4% | +8.7% |
| YoY Change | — | — | — | — | +4.5% | +12.2% | +0.8% | +17.4% | -3.7% | -68.0% | -1.6% | +61.0% | +15.7% | +171.7% | -2.2% | -50.9% | -7.7% | -27.8% | +14.9% | +17.1% |
Range$5.16B – $16.59B
CAGR+4.8%
Avg YoY Growth+9.6%
Median YoY Growth+2.7%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Retirement | — | — | — | — | — | — | — | $3.94B |
| Individual Life | $787.00M | $725.00M | $733.00M | $791.00M | $677.00M | $734.00M | $718.00M | $453.00M |
| Corporate and Other | -$7.00M | -$3.00M | -$4.00M | -$8.00M | -$1.00M | -$2.00M | — | -$3.00M |
| PGIM1 | $0.00 | $0.00 | $0.00 | — | — | — | — | — |
| Total | $8.86B | $14.03B | $7.63B | $8.14B | $8.18B | $10.13B | $8.77B | $9.53B |
Medical costs at Other Companies
Frequently Asked Questions
- What is Prudential Financial's medical costs?
- Prudential Financial (PRU) reported medical costs of $9.53B in Q1 2026.
- How has Prudential Financial's medical costs changed year-over-year?
- Prudential Financial's medical costs increased by 17.1% year-over-year, from $8.14B to $9.53B.
- What is the long-term trend for Prudential Financial's medical costs?
- Over 4 years (2021 to 2025), Prudential Financial's medical costs has grown at a -1.9% compound annual growth rate (CAGR), from $37.99B to $35.22B.
- What does medical costs mean?
- The cost of paying for medical services and claims for insurance members.