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MetLife MET Ceded Reinsurance — Policyholder account balances

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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

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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:PolicyholderContractDeposits.

The official record: MetLife’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetLife's ceded reinsurance — policyholder account balances?
MetLife (MET) reported ceded reinsurance — policyholder account balances of $0 in Q4 2025.
What does ceded reinsurance — policyholder account balances mean?
This represents the portion of policyholder account balances that are reinsured. It reflects the transfer of liability for account-value-based products, such as universal life or investment-linked products, to reinsurers. This helps investors gauge the extent to which the company has offloaded the liability associated with policyholder deposits.