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MetLife MET Separate account liabilities

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Segments

By segment

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Latin America$46.74B+13.5%

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:SeparateAccountsLiability.

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 separate account liabilities?
MetLife (MET) reported separate account liabilities of $147.69B in Q1 2026.
How has MetLife's separate account liabilities changed year-over-year?
MetLife's separate account liabilities increased by 6.9% year-over-year, from $138.14B to $147.69B.
What is the long-term trend for MetLife's separate account liabilities?
Over 5 years (2020 to 2025), MetLife's separate account liabilities has grown at a -5.3% compound annual growth rate (CAGR), from $199.97B to $151.93B.
What does separate account liabilities mean?
These are liabilities associated with insurance products where the investment risk is borne by the policyholder rather than the insurer. Because the assets in these accounts are legally segregated for the benefit of the policyholder, the liabilities are equal to the assets by definition. This metric is a proxy for the scale of the company's variable annuity and unit-linked insurance business.