MetLife Variable Annuity — Effect of changes in interest rates increased by 91.8% to -1400000000.0% in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 111.4%, from 12300000000.0% to -1400000000.0%. Over 3 years (FY 2021 to FY 2025), Variable Annuity — Effect of changes in interest rates shows an upward trend with a -25.6% CAGR.
An increase in liability value due to falling rates signals potential margin compression, while rising rates generally reduce liability values.
This metric quantifies the impact of interest rate fluctuations on the valuation of variable annuity market risk benefit...
Standard sensitivity analysis for interest rate risk in long-duration insurance liabilities across the industry.
met_segment_variable_annuity_effect_of_changes_in_interest_rates| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -13,400,000,000% | -13,400,000,000% | -13,400,000,000% | -136,200,000,000% | -119,900,000,000% | -80,300,000,000% | -24,600,000,000% | 36,800,000,000% | -34,500,000,000% | -90,400,000,000% | -37,300,000,000% | -18,300,000,000% | 48,600,000,000% | -66,600,000,000% | 12,300,000,000% | -10,000,000,000% | -7,300,000,000% | -17,100,000,000% | -1,400,000,000% |
| QoQ Change | — | +0.0% | +0.0% | -916.4% | +12.0% | +33.0% | +69.4% | +249.6% | -193.8% | -162.0% | +58.7% | +50.9% | +365.6% | -237.0% | +118.5% | -181.3% | +27.0% | -134.2% | +91.8% |
| YoY Change | — | — | — | — | -794.8% | -499.3% | -83.6% | +127.0% | +71.2% | -12.6% | -201.4% | +47.0% | +153.8% | — | +133.0% | +45.4% | -115.0% | +74.3% | -111.4% |