Deferred policy acquisition costs
MetLife Deferred policy acquisition costs increased by 0.8% to $21.27B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $20.16B to $21.27B. Over 5 years (FY 2020 to FY 2025), Deferred policy acquisition costs shows an upward trend with a 5.2% CAGR.
Analysis
How to read this metric
An increase suggests strong new business production, while a decrease may indicate a slowdown in new policy acquisition.
Detailed definition
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwrit...
Peer comparison
Standard across the insurance industry, though amortization periods vary by product type.
ins_deferred_policy_acquisition_costsHistorical Data
| 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 | $16.53B | $16.19B | $16.06B | $18.41B | $20.25B | $21.52B | $22.98B | $19.98B | $19.85B | $19.74B | $20.15B | $19.84B | $19.57B | $20.40B | $19.63B | $20.16B | $20.99B | $21.18B | $21.11B | $21.27B |
| QoQ Change | — | -2.0% | -0.8% | +14.6% | +10.0% | +6.3% | +6.8% | -13.1% | -0.6% | -0.6% | +2.1% | -1.5% | -1.4% | +4.3% | -3.8% | +2.7% | +4.1% | +0.9% | -0.3% | +0.8% |
| YoY Change | — | — | — | — | +22.5% | +32.9% | +43.1% | +8.5% | -2.0% | -8.3% | -12.3% | -0.7% | -1.4% | +3.4% | -2.6% | +1.6% | +7.3% | +3.8% | +7.5% | +5.5% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Corporate And Other | $32.00M | $31.00M | $28.00M | $30.00M | $33.00M | $35.00M | $2.69B | $2.64B |
| Latin America | $1.92B | $1.91B | $1.84B | $1.94B | $2.11B | $2.22B | $2.34B | $2.42B |
| EMEA | $1.65B | $1.72B | $1.66B | $1.75B | $1.89B | $1.97B | $2.02B | $2.04B |
| RIS | $474.00M | $514.00M | $552.00M | $573.00M | $599.00M | $632.00M | $785.00M | $850.00M |
| Group Benefits | $254.00M | $252.00M | $250.00M | $249.00M | $249.00M | $249.00M | $250.00M | $244.00M |
| MIM | — | — | — | — | — | — | $0.00 | — |
| Total | $19.57B | $20.40B | $19.63B | $20.16B | $20.99B | $21.18B | $21.11B | $21.27B |
U.S. was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is MetLife's deferred policy acquisition costs?
- MetLife (MET) reported deferred policy acquisition costs of $21.27B in Q1 2026.
- How has MetLife's deferred policy acquisition costs changed year-over-year?
- MetLife's deferred policy acquisition costs increased by 5.5% year-over-year, from $20.16B to $21.27B.
- What is the long-term trend for MetLife's deferred policy acquisition costs?
- Over 5 years (2020 to 2025), MetLife's deferred policy acquisition costs has grown at a 5.2% compound annual growth rate (CAGR), from $16.39B to $21.11B.
- What does deferred policy acquisition costs mean?
- Upfront costs of selling insurance policies that are spread out over the life of the policy rather than expensed immediately.