Non-Current Liabilities
Market risk benefits
MetLife Market risk benefits increased by 4.8% to $2.52B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.3%, from $2.84B to $2.52B. Over 4 years (FY 2020 to FY 2025), Market risk benefits shows a downward trend with a -25.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ4 2022
Last reportedQ1 2026
How to read this metric
An increase indicates higher exposure to market volatility and potential future payouts, often driven by declining market conditions.
Detailed definition
This liability represents the fair value of market risk benefits associated with certain insurance contracts, such as va...
Peer comparison
Common among insurers with significant variable annuity or investment-linked product portfolios.
Metric ID:
non_current_liabilities_market_risk_benefit_liability_amountHistorical Data
14 periods
| 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 | $3.76B | $3.87B | $3.26B | $2.74B | $3.18B | $2.70B | $2.62B | $3.12B | $2.58B | $2.84B | $2.71B | $2.59B | $2.41B | $2.52B |
| QoQ Change | — | +2.8% | -15.8% | -16.0% | +16.1% | -15.2% | -2.9% | +19.1% | -17.2% | +10.2% | -4.7% | -4.6% | -6.9% | +4.8% |
| YoY Change | — | — | — | — | -15.5% | -30.3% | -19.7% | +13.8% | -18.8% | +5.5% | +3.5% | -17.1% | -6.8% | -11.3% |
Range$2.41B – $3.87B
CAGR-11.6%
Avg YoY Growth-9.7%
Median YoY Growth-13.4%
Product Breakdown
| Segment | Q4 '22 |
|---|---|
| Retirement Assurance | $226.00M |
| Total | $3.76B |
Market risk benefits at Other Companies
Frequently Asked Questions
- What is MetLife's market risk benefits?
- MetLife (MET) reported market risk benefits of $2.52B in Q1 2026.
- How has MetLife's market risk benefits changed year-over-year?
- MetLife's market risk benefits decreased by 11.3% year-over-year, from $2.84B to $2.52B.
- What is the long-term trend for MetLife's market risk benefits?
- Over 4 years (2020 to 2025), MetLife's market risk benefits has grown at a -25.7% compound annual growth rate (CAGR), from $7.90B to $2.41B.
- What does market risk benefits mean?
- The liability for guarantees provided to policyholders that are tied to financial market performance.