MetLife Asia — Amortization of DAC, VOBA and negative VOBA decreased by 1.4% to -$211.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.3%, from -$216.00M to -$211.00M. Over 3 years (FY 2022 to FY 2025), Asia — Amortization of DAC, VOBA and negative VOBA shows a downward trend with a 5.8% CAGR.
Changes reflect the pace of business acquisition and the expected profitability duration of the underlying insurance portfolio.
This metric tracks the systematic expensing of Deferred Acquisition Costs (DAC) and the Value of Business Acquired (VOBA...
Standard accounting metric for life insurers, comparable to DAC amortization across the industry.
met_segment_asia_amortization_of_dac_voba_and_negative_voba| 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 | -$180.25M | -$180.25M | -$180.25M | -$180.25M | -$193.00M | -$193.00M | -$193.00M | -$193.00M | -$205.00M | -$202.00M | -$211.00M | -$214.00M | -$216.00M | -$223.00M | -$207.00M | -$208.00M | -$211.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.1% | +0.0% | +0.0% | +0.0% | -6.2% | +1.5% | -4.5% | -1.4% | -0.9% | -3.2% | +7.2% | -0.5% | -1.4% |
| YoY Change | — | — | — | — | -7.1% | -7.1% | -7.1% | -7.1% | -6.2% | -4.7% | -9.3% | -10.9% | -5.4% | -10.4% | +1.9% | +2.8% | +2.3% |