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MetLife MET Accident & health insurance — Net liability for FPBs

Other product segments

Fixed & Immediate Annuities
$78.65B+15.4%
Participating Life Insurance Contract
$47.06B-2.2%
Short-Duration Insurance, Other
$15.34B+8.0%
Long-term Care
$14.98B+1.8%
Fixed Annuity
$12.45B+19.9%
Long-Duration Insurance, Other
$11.21B+4.2%
Whole and Term Life & Endowments
$9.24B-20.1%
Fixed & Immediate Annuities for Deferred Profit Liabilities
$3.88B+1.9%
Universal and Variable Universal Life
$3.07B+5.8%
Variable Life
$1.05B-9.1%
Accident and Health Insurance Product Line for Deferred Profit Liabilities
$984M+9.0%
Whole and Term Life & Endowments for Deferred Profit Liabilities
$915M+14.7%
Fixed Annuity for Deferred Profit Liabilities
$540M+3.6%

Similar metrics at other companies

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UNMIndividual Disability — Net liability for future policy benefits
$1.88B-1.8%
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HMNAccident — Liability for Future Policy Benefit, after Reinsurance
$17.3M-7.5%
Globe Life logo
GLHealth — Liability for Future Policy Benefit, after Reinsurance
$2.43B+2.9%
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CIADomestic Insurance, Accident And Health, Net Of Reinsurance — Liability for Future Policy Benefit, Interest Expense
$0
Aflac logo
AFLAccident — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change
312,500,000,000%-3,000,000,000pp
Horace Mann Educators logo
HMNExperience life — Net liability for future policy benefits
$721.3M-3.8%

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$55.3B+3.4%
Enterprise value$47.47B+0.9%
P/E15.3×+2.8×
P/S0.7×0.0×

Profitability

See full
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:LiabilityForFuturePolicyBenefits.

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 accident & health insurance — net liability for fpbs?
MetLife (MET) reported accident & health insurance — net liability for fpbs of $7.26B in Q1 2026.
How has MetLife's accident & health insurance — net liability for fpbs changed year-over-year?
MetLife's accident & health insurance — net liability for fpbs decreased by 25.0% year-over-year, from $9.68B to $7.26B.
What is the long-term trend for MetLife's accident & health insurance — net liability for fpbs?
Over 3 years (2022 to 2025), MetLife's accident & health insurance — net liability for fpbs has grown at a -7.0% compound annual growth rate (CAGR), from $44.51B to $35.77B.
What does accident & health insurance — net liability for fpbs mean?
This represents the net financial obligation for future policy benefits within the accident and health insurance segment after accounting for reinsurance. It reflects the estimated present value of future claims and benefits that the insurer expects to pay to policyholders. This metric is critical for assessing the long-term solvency and reserve adequacy of the insurance product line.