Variable Annuity — Net amount at risk
MetLife Variable Annuity — Net amount at risk increased by 8.3% to $2.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.9%, from $2.66B to $2.43B. Over 3 years (FY 2022 to FY 2025), Variable Annuity — Net amount at risk shows an upward trend with a 32.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher amounts indicate greater sensitivity to market declines and increased potential for reserve volatility, while lower amounts suggest a more protected portfolio.
Detailed definition
The net amount at risk represents the excess of the guaranteed death or living benefit amount over the current account v...
Peer comparison
Standard metric for assessing market risk exposure in variable annuity portfolios across the insurance industry.
met_segment_variable_annuity_net_amount_at_riskHistorical Data
| 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 | $257.00M | $2.02B | $646.00M | $766.00M | $699.00M | $3.62B | $3.25B | $3.98B | $2.83B | $2.49B | $2.54B | $2.24B | $2.54B | $2.66B | $2.45B | $2.30B | $2.24B | $2.43B |
| QoQ Change | — | +684.8% | -68.0% | +18.6% | -8.7% | +417.7% | -10.1% | +22.3% | -28.9% | -12.0% | +2.2% | -11.8% | +13.4% | +4.8% | -8.0% | -6.2% | -2.5% | +8.3% |
| YoY Change | — | — | — | — | +172.0% | +79.4% | +403.7% | +419.5% | +304.6% | -31.2% | -21.8% | -43.6% | -10.1% | +7.0% | -3.6% | +2.5% | -11.8% | -8.9% |
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Frequently Asked Questions
- What is MetLife's variable annuity — net amount at risk?
- MetLife (MET) reported variable annuity — net amount at risk of $2.43B in Q1 2026.
- How has MetLife's variable annuity — net amount at risk changed year-over-year?
- MetLife's variable annuity — net amount at risk decreased by 8.9% year-over-year, from $2.66B to $2.43B.
- What is the long-term trend for MetLife's variable annuity — net amount at risk?
- Over 3 years (2022 to 2025), MetLife's variable annuity — net amount at risk has grown at a 32.7% compound annual growth rate (CAGR), from $4.13B to $9.66B.
- What does variable annuity — net amount at risk mean?
- The potential shortfall the insurer would face if all annuity guarantees were exercised today.