Separate account assets
MetLife Separate account assets decreased by 2.8% to $147.69B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.9%, from $138.14B to $147.69B. Over 5 years (FY 2020 to FY 2025), Separate account assets shows a downward trend with a -5.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth in these assets indicates expansion in the insurance-linked asset management business, while a decline reflects market depreciation or client outflows.
Detailed definition
These are assets held in segregated accounts, typically for variable life insurance or annuity products, where the inves...
Peer comparison
Specific to insurance and asset management firms; peers with similar product suites report these as pass-through items.
ins_separate_account_assetsHistorical 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 | $189.95B | $180.95B | $179.87B | $165.06B | $143.83B | $135.77B | $146.04B | $148.42B | $145.95B | $135.62B | $144.63B | $141.00B | $139.71B | $148.81B | $139.50B | $138.14B | $143.18B | $146.34B | $151.93B | $147.69B |
| QoQ Change | — | -4.7% | -0.6% | -8.2% | -12.9% | -5.6% | +7.6% | +1.6% | -1.7% | -7.1% | +6.6% | -2.5% | -0.9% | +6.5% | -6.3% | -1.0% | +3.6% | +2.2% | +3.8% | -2.8% |
| YoY Change | — | — | — | — | -24.3% | -25.0% | -18.8% | -10.1% | +1.5% | -0.1% | -1.0% | -5.0% | -4.3% | +9.7% | -3.5% | -2.0% | +2.5% | -1.7% | +8.9% | +6.9% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| RIS | $50.03B | $52.54B | $51.42B | $49.45B | $47.99B | $48.57B | $57.13B | $56.09B |
| Latin America | $38.94B | $44.16B | $38.77B | $41.18B | $43.83B | $45.07B | $48.55B | $46.74B |
| Corporate And Other | — | — | $34.89B | — | — | — | $26.92B | $25.23B |
| Asia | $9.10B | $9.22B | $8.23B | $8.25B | $9.74B | $10.07B | $10.73B | $10.83B |
| EMEA | $4.78B | $5.17B | $4.88B | $5.34B | $6.05B | $6.54B | $7.16B | $7.42B |
| Group Benefits | $1.27B | $1.32B | $1.32B | $1.24B | $1.35B | $1.43B | $1.44B | $1.37B |
| Total | $139.71B | $148.81B | $139.50B | $138.14B | $143.18B | $146.34B | $151.93B | $147.69B |
U.S. was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Separate account assets at Other Companies
Frequently Asked Questions
- What is MetLife's separate account assets?
- MetLife (MET) reported separate account assets of $147.69B in Q1 2026.
- How has MetLife's separate account assets changed year-over-year?
- MetLife's separate account assets increased by 6.9% year-over-year, from $138.14B to $147.69B.
- What is the long-term trend for MetLife's separate account assets?
- Over 5 years (2020 to 2025), MetLife's separate account assets has grown at a -5.3% compound annual growth rate (CAGR), from $199.97B to $151.93B.
- What does separate account assets mean?
- Assets held in segregated accounts for insurance products where the client bears the investment risk.