Fixed Annuity — Net liability for FPBs
MetLife Fixed Annuity — Net liability for FPBs increased by 0.9% to $12.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.9%, from $10.39B to $12.45B. Over 3 years (FY 2022 to FY 2025), Fixed Annuity — Net liability for FPBs shows an upward trend with a 11.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher long-term obligations, potentially due to portfolio growth or changes in actuarial assumptions, while a decrease may indicate portfolio runoff or favorable experience.
Detailed definition
This represents the net liability for future policy benefits (FPBs) specifically associated with the fixed annuity produ...
Peer comparison
Standard across life insurance peers as 'Net Liability for Future Policy Benefits' or 'Insurance Contract Liabilities'.
met_segment_fixed_annuity_net_liability_for_fpbsHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | 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 | $7.34B | $8.27B | $7.68B | $7.39B | $9.27B | $10.30B | $10.19B | $8.66B | $9.64B | $8.77B | $9.02B | $10.91B | $9.60B | $10.39B | $10.96B | $11.11B | $12.34B | $12.45B |
| QoQ Change | — | +12.7% | -7.2% | -3.7% | +25.3% | +11.1% | -1.0% | -15.0% | +11.3% | -9.0% | +2.8% | +20.9% | -12.0% | +8.2% | +5.5% | +1.3% | +11.1% | +0.9% |
| YoY Change | — | — | — | — | +26.2% | +24.5% | +32.8% | +17.1% | +4.0% | -14.8% | -11.5% | +25.9% | -0.4% | +18.4% | +21.6% | +1.9% | +28.5% | +19.9% |
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Frequently Asked Questions
- What is MetLife's fixed annuity — net liability for fpbs?
- MetLife (MET) reported fixed annuity — net liability for fpbs of $12.45B in Q1 2026.
- How has MetLife's fixed annuity — net liability for fpbs changed year-over-year?
- MetLife's fixed annuity — net liability for fpbs increased by 19.9% year-over-year, from $10.39B to $12.45B.
- What is the long-term trend for MetLife's fixed annuity — net liability for fpbs?
- Over 3 years (2022 to 2025), MetLife's fixed annuity — net liability for fpbs has grown at a 11.2% compound annual growth rate (CAGR), from $32.61B to $44.80B.
- What does fixed annuity — net liability for fpbs mean?
- The net estimated future financial obligation for fixed annuity policy benefits.