MetLife Participating Life Insurance Contract — Net liability for FPBs decreased by 0.6% to $47.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.2%, from $48.12B to $47.06B. Over 2 years (FY 2023 to FY 2025), Participating Life Insurance Contract — Net liability for FPBs shows relatively stable performance with a -2.1% CAGR.
An increase in this liability may reflect growth in the participating insurance business or changes in actuarial assumptions regarding future payouts, while a decrease could indicate maturing policies or shifts in product mix. Investors monitor this to assess the scale of long-term obligations tied to profit-sharing insurance products.
This metric represents the net liability associated with insurance contracts that provide policyholders with a share of...
Peers with significant whole life or participating insurance portfolios report similar liabilities under various accounting frameworks, often categorized as insurance contract liabilities or policy reserves.
met_segment_participating_life_insurance_contract_net_liability_for_fpbs| 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 | $50.37B | $50.11B | $49.92B | $49.72B | $49.54B | $49.23B | $48.91B | $48.63B | $48.49B | $48.12B | $47.87B | $47.57B | $47.36B | $47.06B |
| QoQ Change | — | -0.5% | -0.4% | -0.4% | -0.3% | -0.6% | -0.6% | -0.6% | -0.3% | -0.8% | -0.5% | -0.6% | -0.4% | -0.6% |
| YoY Change | — | — | — | — | -1.6% | -1.8% | -2.0% | -2.2% | -2.1% | -2.2% | -2.1% | -2.2% | -2.3% | -2.2% |