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MetLife MET Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.98B-1.2%
American International Group logo
American International GroupAIG
$2.13B+5.9%
Unum logo
UnumUNM
$2.97B+2.8%
Citizens logo
CitizensCIA
$224.5M+10.1%
Globe Life logo
Globe LifeGL
$7.12B+7.5%
Horace Mann Educators logo
Horace Mann EducatorsHMN
$357.3M+2.3%

Segments

By segment

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Asia$11.25B
Corporate And Other$2.64B-10.3%
Latin America$2.42B+24.7%
EMEA$2.04B+16.9%
RIS$850M+27.1%
Group Benefits$244M-2.0%

Other financials

Income statement

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Revenue$19.1B+2.7%
Net income$1.2B+25.4%
EPS (diluted)$1.74+35.9%

Balance sheet

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Cash & equivalents$22.7B+6.4%
Total debt$14.8B-1.5%
Total equity$27.3B-0.6%
Total assets$743.21B+8.0%

Cash flow

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Operating cash flow$2.7B-37.0%

Valuation

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Market cap$54.45B+2.4%
Enterprise value$46.62B-0.7%
P/E15.1×+3.2×
P/S0.7×0.0×

Profitability

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Net margin4.7%-1.5pp

Returns & leverage

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Return on equity13.2%-2.9pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by MetLife in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The official record: MetLife’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetLife's deferred policy acquisition costs?
MetLife (MET) reported deferred policy acquisition costs of $21.27B in Q1 2026.
How has MetLife's deferred policy acquisition costs changed year-over-year?
MetLife's deferred policy acquisition costs increased by 5.5% year-over-year, from $20.16B to $21.27B.
What is the long-term trend for MetLife's deferred policy acquisition costs?
Over 5 years (2020 to 2025), MetLife's deferred policy acquisition costs has grown at a 0.7% compound annual growth rate (CAGR), from $20.42B to $21.11B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewed insurance contracts, such as commissions and underwriting costs, which are capitalized and amortized over the life of the policy. This accounting treatment matches the expense recognition with the revenue generated over the policy term. It is a critical metric for assessing the long-term profitability of the insurance book.