Variable Life — Net liability for FPBs
MetLife Variable Life — Net liability for FPBs decreased by 2.0% to $1.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 9.1%, from $1.16B to $1.05B. Over 2 years (FY 2023 to FY 2025), Variable Life — Net liability for FPBs shows relatively stable performance with a -5.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher expected future claims or a change in actuarial assumptions, while a decrease may indicate lower expected liabilities.
Detailed definition
This represents the net liability for Future Policy Benefits (FPBs) specifically associated with variable life insurance...
Peer comparison
Standard across life insurers as 'Net Future Policy Benefit Liability' for variable products.
met_segment_variable_life_net_liability_for_fpbsHistorical Data
| 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 | $1.38B | $1.36B | $1.24B | $1.19B | $1.26B | $1.15B | $1.07B | $1.23B | $1.11B | $1.16B | $1.19B | $1.15B | $1.07B | $1.05B |
| QoQ Change | — | -1.4% | -8.7% | -4.0% | +5.4% | -8.3% | -6.9% | +14.2% | -9.7% | +4.4% | +2.7% | -3.5% | -6.3% | -2.0% |
| YoY Change | — | — | — | — | -8.9% | -15.3% | -13.6% | +2.8% | -11.9% | +0.3% | +10.6% | -6.6% | -3.1% | -9.1% |
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Frequently Asked Questions
- What is MetLife's variable life — net liability for fpbs?
- MetLife (MET) reported variable life — net liability for fpbs of $1.05B in Q1 2026.
- How has MetLife's variable life — net liability for fpbs changed year-over-year?
- MetLife's variable life — net liability for fpbs decreased by 9.1% year-over-year, from $1.16B to $1.05B.
- What is the long-term trend for MetLife's variable life — net liability for fpbs?
- Over 2 years (2023 to 2025), MetLife's variable life — net liability for fpbs has grown at a -5.0% compound annual growth rate (CAGR), from $5.06B to $4.57B.
- What does variable life — net liability for fpbs mean?
- The net estimated future payout obligation for variable life insurance policies.