Variable Annuity — Effect of changes in risk margin
MetLife Variable Annuity — Effect of changes in risk margin increased by 109.5% to $2.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 87.5%, from $16.00M to $2.00M. Over 3 years (FY 2021 to FY 2025), Variable Annuity — Effect of changes in risk margin shows an upward trend with a -60.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in the risk margin suggests a more conservative outlook or higher perceived risk in the annuity portfolio.
Detailed definition
This metric tracks the impact of changes in the risk margin, which is the additional amount required to compensate for t...
Peer comparison
Comparable to risk adjustment or margin-for-adverse-deviation updates in actuarial reporting.
met_segment_variable_annuity_effect_of_changes_in_risk_marginHistorical Data
| 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 | -$86.25M | -$86.25M | -$86.25M | -$90.00M | -$50.00M | -$99.00M | $0.00 | $3.00M | -$38.00M | -$11.00M | -$46.00M | -$16.00M | $55.00M | -$53.00M | $16.00M | -$18.00M | $2.00M | -$21.00M | $2.00M |
| QoQ Change | — | +0.0% | +0.0% | -4.3% | +44.4% | -98.0% | +100.0% | — | <-999% | +71.1% | -318.2% | +65.2% | +443.8% | -196.4% | +130.2% | -212.5% | +111.1% | <-999% | +109.5% |
| YoY Change | — | — | — | — | +42.0% | -14.8% | +100.0% | +103.3% | +24.0% | +88.9% | <-999% | +57.9% | +600.0% | — | +134.8% | -12.5% | -96.4% | +60.4% | -87.5% |
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Frequently Asked Questions
- What is MetLife's variable annuity — effect of changes in risk margin?
- MetLife (MET) reported variable annuity — effect of changes in risk margin of $2.00M in Q1 2026.
- How has MetLife's variable annuity — effect of changes in risk margin changed year-over-year?
- MetLife's variable annuity — effect of changes in risk margin decreased by 87.5% year-over-year, from $16.00M to $2.00M.
- What is the long-term trend for MetLife's variable annuity — effect of changes in risk margin?
- Over 3 years (2021 to 2025), MetLife's variable annuity — effect of changes in risk margin has grown at a -60.7% compound annual growth rate (CAGR), from -$345.00M to -$21.00M.
- What does variable annuity — effect of changes in risk margin mean?
- The change in the value of variable annuity liabilities due to updates in the required risk margin.